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IMF May Approve Nigeria’s $3.4 Billion Loan Today - Politics (7) - Nairaland

Nairaland Forum / Nairaland / General / Politics / IMF May Approve Nigeria’s $3.4 Billion Loan Today (21788 Views)

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Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by nsikakekoh: 12:43pm On Apr 28, 2020
Garrieveryday:
All going individual's account.
hmmm another opportunity for some people.
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by nsikakekoh: 12:45pm On Apr 28, 2020
hmmmm another opportunity for some people. God help us.
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by rusher14: 12:59pm On Apr 28, 2020
Bizibi:
have you asked questions on what they did with the previous ones they borrowed and don't give me that stupid reply of building infrastructures.

If you can't ask on how they spent 11trn in 5 years then keep quiet and take the back seat.

What is 11 trillion Naira in dollars?

What is 11 trillion Naira divided by even 100 million people?

Many of you lack analytical skills.
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by Bizibi(m): 1:01pm On Apr 28, 2020
rusher14:


What is 11 trillion Naira in dollars?

What is 11 trillion Naira divided by even 100 million people?

Many of you lack analytical skills.
take the back seat and keep quiet.
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by rusher14: 1:18pm On Apr 28, 2020
Bizibi:
take the back seat and keep quiet.

Once you realise you aren't talking to your beer parlour mates you resort to inanity.
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by zedegit: 1:18pm On Apr 28, 2020
helinues:
IMF are good in lending money to useless Leaders yet they care less about what they use the money for

It's unfortunate. Money that will be distributed in Ghana must go bags or allocated for car purchases.
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by grandstar(m): 1:21pm On Apr 28, 2020
If the loan is approved, expect the Naira to appreciate in value. The money will be injected into the economy.

Also, in a month's time, lockdowns will start to come down in many countries and this will see a lift up in economic activities. This will lead to transportation activities picking up which will lead to a massive jump in the demand for crude oil. Price of crude will jump and may top $40 per barrel.

Such a price point will mean there's more forex in the system which will make any appreciation sustenable for a while. Only question is for how long. Nigeria suffers from double digit inflation so is a candidate for persistent currency depreciation (only economic illiterates will argue with this)
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by 2016v2017: 2:02pm On Apr 28, 2020
helinues:
IMF are good in lending money to useless Leaders yet they care less about what they use the money for
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by Legendguru: 2:03pm On Apr 28, 2020
This people and loan
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by 2016v2017: 2:04pm On Apr 28, 2020
Chikelue2000:
The only good thing I know dis administration for is constant borrowing......and some youths had d guts to call GEJ clueless.....let's see who is more clueless then.....click like for Buhari and share for GEJ
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by crowther15(m): 2:09pm On Apr 28, 2020
Fibonacci88:
Minister for borrowing affairs. Anytime this woman appears in the news it's when Buhari wants to borrow money. U never see her granting press conferences discussing fiscal policies and development in macro economy.
Who go teach her
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by TreasureTayo(m): 2:39pm On Apr 28, 2020
lol naxo shaa
Sammie2021:
it smiley[color=#990000][/color]it is not well Ooo,cos when dis pipo won collect their money back an me and you go pay...
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by bilulu(m): 4:08pm On Apr 28, 2020
helinues:
IMF are good in lending money to useless Leaders yet they care less about what they use the money for
So you have finally realized Buhari is a useless and visionless leader.... and you re tired of his borrowing
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by Nannito190(m): 4:10pm On Apr 28, 2020
Too much borrowing here and there! Where are the ones we've been borrowing.
Anyways, have you been buying airtime/data without getting paid? Create ur wealth in the telecom industry via RAGP today! chat me up on; 0-9-0-3-8-3-9-4-1-7-0.
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by Xuxu208: 7:38am On Apr 29, 2020
helinues:
IMF are good in lending money to useless Leaders yet they care less about what they use the money for

That's the way they ensure we remain perpetually economically enslaved and under developed.......
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by Xuxu208: 7:39am On Apr 29, 2020
Raymeskey:
Money that will definitely land in someone's account.

That's par for the course.....
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by Xuxu208: 7:40am On Apr 29, 2020
Esseite:
Does this IMF not ask questions about previous loans....

Or are they getting kickbacks on African loans?..

Surely that is a rhetorical question.......
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by Xuxu208: 7:42am On Apr 29, 2020
cjudy:
grin
We don't have leaders in African. What we have is President for your Info.

No they're not even presidents, they are merely neo-colonial administrators..........
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by Xuxu208: 7:47am On Apr 29, 2020
commodore007:
I hope this does not lead to an external debt crisis in the future,since the 90s ,we have experienced a decline in our industrial output and our export performance has not been encouraging, as a continent Africa has the largest number of mineral resources, and africa also has a huge population as 70 % of her population is below the age of 40. But with all of these advantage most African nations still depend on loan and aid to survive or to even make a meaningful budget,The annual income of Google is more than the total income of all west African nations combined,if Nigeria is truly the giant of Africa then the hope of Africa is really bleak .we have develop our human capital,intellectually and our values has to be realigned,[b]The right values always creates value [/b]the previous Generation were Enslaved with chains,the next Generation should not be Enslaved with debts, it's time to think outside the box and to also live outside the box#God bless Nigeria#

The fact is, we've never really been free.....How can we have the greatest number of resources and yet be the poorest continent?
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by Xuxu208: 7:50am On Apr 29, 2020
gasparpisciotta:
Confessions of an Economic Hitman-John Perkins.
Reading this book will shed light on the sinister intrigues behind loans from these guys.

Unfortunately, most Nigerians cannot be bordered about reading such, it's just too much work for their brains.....smh
Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by Xuxu208: 7:52am On Apr 29, 2020
9jaDoomCountry:
Oyibo knows how to set trap for mugus like bohari and that s the reason they will support such fools to power so as to manipulate them easily.


As if we have not suffered enough, they are creating more sufferings for generation unborn.


That is and has always been the story of Africa and the west.......

1 Like

Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by ManLikeBlaize: 10:24am On Apr 29, 2020
Sweetpopcorn:

https://punchng.com/imf-may-approve-nigerias-3-4bn-loan-today/
Neocolonialism at its peak, Nigeria owes $86b presently, how are we going to pay these Chinese and IMF loans back? Slavery will be back on the African continent if care is not taken

1 Like

Re: IMF May Approve Nigeria’s $3.4 Billion Loan Today by Nobody: 4:41pm On May 05, 2020
And the conditionalities finally start rearing up their ugly heads cry lipsrsealed cry
@ helinues

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