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Nairaland Forum / Nairaland / General / Politics / Coronavirus: Why Nigeria Government Needs $7 Billion Loan (672 Views)
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Coronavirus: Why Nigeria Government Needs $7 Billion Loan by Ravon: 4:46pm On Apr 06, 2020 |
The Federal Government of Nigeria has applied for a cumulative loan of about $7 billion to mitigate the effects of the coronavirus otherwise known as the COVID-19 pandemic. The Minister for Finance, Budget and National Planning, Mrs Zainab Ahmed at a press conference in Abuja on Monday has disclosed that in order for the country to achieve the alleviation of the COVID-19, the Federal Government must apply for a loan. Ahmed also said that about 506 trucks of rice seized by Nigerian Customs Service will be released to the Ministry of Humanitarian Affairs, through the ministry the rice will, therefore, be distributed to vulnerable Nigerians. In addition, FG is withdrawing $1.5 billion from the Stabilization Fund of Nigeria Sovereign Wealth Fund to be shared among states. Interest and capital repayment by states on CBN loans will be suspended once inflows into Federation Account drops below a particular threshold. Meanwhile, the Nigeria Centre for Disease Control (NCDC) has on Monday, disclosed that the confirmed total number of people that have contracted the Coronavirus has jumped to 239, 33 discharged and 5 death has been recorded so far. However, over 1.2 million people have contracted the virus across the world, while over 272,115 have recovered while 72, 000 people have reportedly died from the novel COVID-19 pandemic. COVID-19 causes illness such as common cold, fever and difficulty in breathing. The novel COVID-19 spreads via droplets produced when an infected person coughs or sneezes and their droplets lands in the mouth or noses of their people. It can be contracted by touching contaminated surfaces or objects or touching the eyes, nose or mouth. People that have contracted the deadly virus spend a maximum number of 14 days in self-isolation while people with suspected cases are to be self-quarantine. The coronavirus COVID-19 is affecting over 127 countries and territories around the world and 1 international conveyance (the Diamond Princess cruise ship harboured in Yokohama, Japan). SOURCE: https://brandnewsday.com/2020/04/06/coronavirus-why-nigeria-government-needs-7-billion-loan/
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Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by Finnese001: 4:48pm On Apr 06, 2020 |
I don't even know what this administration see inside loan 2 Likes |
Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by NwaNimo1(m): 4:49pm On Apr 06, 2020 |
Useless Looters.....Oil has crashed in price so you are exploiting corono to continue looting? 3 Likes |
Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by NaijaMutant(f): 4:50pm On Apr 06, 2020 |
Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by EmekaBlue(m): 4:51pm On Apr 06, 2020 |
very stewpid she~aboki where is my 20k promised? useless woman |
Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by ZombiePUNISHER: 4:52pm On Apr 06, 2020 |
Finnese001: We are finished.... Buhari will wreck this country before leaving. Quote me anywhere 1 Like |
Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by ZombiePUNISHER: 4:53pm On Apr 06, 2020 |
EmekaBlue: Nobody got any 20k But their records is saying that 26 million Nigerians have received the money... Billions gone Yet Buhari is fighting corruption 2 Likes |
Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by Finnese001: 4:53pm On Apr 06, 2020 |
ZombiePUNISHER: Buhari administration has been borrowing from the first day they step into the government house Wetin apun? 1 Like |
Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by EmekaBlue(m): 4:55pm On Apr 06, 2020 |
ZombiePUNISHER:can u just imagine and these useless banks forming donation r just deducting me unjustfully to feed these idiots at d top |
Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by GamalNasser: 5:00pm On Apr 06, 2020 |
Buhari told you during campaign that 1 : He has never known how to make money 2: He borrowed money to build his house 3:. He borrowed money to pay school fees of his kids 4 : He even borrowed money to buy APC form Yet you went ahead to vote for him And now you are suprised he has turned Nigeria into the borrow borrow capital of the earth ? You are not okay 7 Likes 1 Share
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Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by Ojukwucriminal: 5:00pm On Apr 06, 2020 |
On behalf of we Muslims of IGBO descent in NIGERIA, I want to applaud the govts step in the right direction of seeking l |
Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by Macphenson: 5:03pm On Apr 06, 2020 |
That's the only thing Buhari can think of. Loan Loan Loan. Buhari does not know how to create wealth or create an enabling environment for wealth to flow. The only way to create wealth is loan. Haba. |
Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by GamalNasser: 5:06pm On Apr 06, 2020 |
Macphenson: But he told Nigerians before they elected him but they still chose to go that way so who do we blame
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Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by Clement111: 5:08pm On Apr 06, 2020 |
This people baffle me always, $7billion naira!!! Huhmm, what of all the money that has been donated and are still donating. They are all damm nigarr. God save us all |
Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by Sonoyom(m): 5:09pm On Apr 06, 2020 |
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Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by Racoon(m): 5:19pm On Apr 06, 2020 |
The crooks in this APC regime just want to continue mortgaging Nigeria to chronic financial indebtedness. 1 Like |
Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by Laffrepublic(m): 5:21pm On Apr 06, 2020 |
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Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by Nobody: 5:25pm On Apr 06, 2020 |
Make coronavirus finish first, those of us wey survive go table this matter. |
Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by AroleOduduwa2: 5:32pm On Apr 06, 2020 |
Posterity will judge this administration and their heartless supporters. |
Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by sapientia(m): 6:46pm On Apr 06, 2020 |
GamalNasser: 1 Like
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Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by Banmeallday: 7:04pm On Apr 06, 2020 |
Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by saaron(m): 7:45pm On Apr 06, 2020 |
$7 billion to be shared to Almajiris in the North. After sharing 90 percent of the money to the North. They will use Southern Nigeria's resources to pay off the debt. In essence, Southern Nigeria is paying for Northern development at the expense of the South. The same north that invented boko haram terrorist group that slaughtered thousands of lives including those from the South. Dear Nigerians, the time has come for us to demand for TOTAL DISINTEGRATION OF NIGERIA. Northern Nigeria is a security threat and a parasite destroying and dragging the rest of Nigeria behind. The era of stupidness and mumuism is over! ONE NIGERIA IS DEAD! |
Re: Coronavirus: Why Nigeria Government Needs $7 Billion Loan by rollybest(m): 8:51pm On Apr 06, 2020 |
Finnese001: The government of loan |
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