Santi19: When will we ever learn, tired of this sick country....imagine, Nigeria borrowing $3b from China, that's when you know this country is f***ing broke

dridowu: A lot of billion dollars about to squander

joshmoy:
Oya...that's the spirit of revolution!
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Btwn...u go just die lyk fowl

kutufanibida: Please my observation on the loan to the minister of finance i believe is a good thing to develop our beloved country but the said loan should be material and managed by the chines resources for our infrastructure thank you.

Which loan has never been for the development of our beloved country? Yet with all these Billions of dollars borrowed, common amenities like electric power and pipe borne water is still a fantasy.

devour129: and my worst or our worst fear is that the money will embezzled as usual

Dis Guy: Y'ALL BETTER START LEARNING CHINESE!!! LOL

and teach your children mandarin cos when these people come for their money eh

Capnd143: almost all first commentators are brainless ignoramus! GEJ is not going there to burrow only you fools; he is going to for;
1.Defense assistance
2. Possibly, Procure the L-15's jet in the military budget
3.discuss investment opportunities with xi jinping and other chinese business men
4.help in technology and civil engineering training etc
pls always do some research b4 spewing rubbish

decode: Government is financed by tax revenue and borrowings. Besides the loan is cheap @ 3% (cooperative rate).

decode: Government is financed by tax revenue and borrowings. Besides the loan is cheap @ 3% (cooperative rate).

4 Play: The main problem for me is that we have a corrupt Govt that cannot be trusted with money. Other than that, Nigeria has major infrastructure needs that require heavy borrowing for the Govt to finance it.

Another pattern I have noticed is for Nigerians to bemoan our disproportionate recurrent expenditure whilst expressing glib condemnations about Aso Rock food budget and the National Assembly members's obscene allowances. Whilst these are examples of waste, it is an act of self-delusion to ignore the reality that most of our recurrent expenditure is made up of public sector wages and fuel subsidy. If Nigerians really want to curtail recurrent expenditure, they will have to accept the removal of fuel subsidy and reduction of the public sector wage bill.

The reality is that we have the country we deserve. A people prone to supporting bone headed economic policies and tribal causes have no right to a prosperous and peaceful country.

The government should stop preaching their Goldmann Sachs stories to us. The truth is the banks failed America and if we follow their expertraites, they will fail us.

What Nigeria needs now is dividends of democracy that will cut across alleviating the pains of Nigerians.

For now they should focus on what our revenue can do for us than borrowing to achieve pipe dreams. An agricultural revitalization, clean water, stable electric power supply can't be too much for our oil revenue

4 Play: The main problem for me is that we have a corrupt Govt that cannot be trusted with money. Other than that, Nigeria has major infrastructure needs that require heavy borrowing for the Govt to finance it.

There's this major misconception that Nigeria is a rich country because of oil. I live in the UK, a country of 62m with a national budget of $1 trillion. A back of the envelope calculation of our oil proceeds, 2m barrels per day at $100 per barrel, will give you gross revenues of $73bn, a huge chunk of which will be retained by the oil companies. Given the infrastructural challenges, even the most honest and competent policy makers will require heavy borrowing as our oil revenues will not go far in meeting our development challenges.

Another pattern I have noticed is for Nigerians to bemoan our disproportionate recurrent expenditure whilst expressing glib condemnations about Aso Rock food budget and the National Assembly members's obscene allowances. Whilst these are examples of waste, it is an act of self-delusion to ignore the reality that most of our recurrent expenditure is made up of public sector wages and fuel subsidy. If Nigerians really want to curtail recurrent expenditure, they will have to accept the removal of fuel subsidy and reduction of the public sector wage bill.

The reality is that we have the country we deserve. A people prone to supporting bone headed economic policies and tribal causes have no right to a prosperous and peaceful country.

P.Stacks:
Is there no other thing they can lie against.. Everytime.. Road, Infrastructure, Electricity, aviation.. These same old same old things..

Our leaders must think we are daft or something.

Tell me something.. So free $3billion dollars is up for grabs and u say politicians shouldn't kill themselves to occupy political offices..

Na Today yansh don dey for back? Abi no be this same naija wey we dey..

Nothing good can and will ever come out of Nigeria.. I'm a nigeria and a real patriotic one at that. But until we change this Naijiocracy for real Democracy, we are not going nowhere..

Road and Electricity for how long? I wish this Road and Electricity has mouth to talk..

A Debtor is Slave to the creditor.. We are gon be slaves to China. We are signing a bond to be china's slave..

China would willingly borrow us and Niger-Delta would pay for it with delapitation of farmlands and pollution of the aerable agricultural lands..
China knows we have crude.. They will be more than happy to doll out cash to our more than currupt leaders..

Road and Electricity in this 21st century, when China herself is launching Rockets to space everyday with male and female astronauts alike in space, Nigeria is still borrowing from china..

Nigeria is under some sort of spell or something..
Congratulations to the govenment of the day, the have free $3Billion dollars to share afterall they won't be in government when payback time reach and d funds would'a been in some swiss accounts..

I'm a modafuckingly proud Nigerian mehn! A country where anything goes..

I wish I could just get 1% of the $3billion dollars..

Nigeria has gotten to a level that we are not even afraid of Billion dollarz again. We would soon start talking in Trillion dollarz yet noting on ground to show for it..

Se na like dis we go dey dey?

Capnd143: almost all first commentators are brainless ignoramus! GEJ is not going there to burrow only you fools; he is going to for;
1.Defense assistance
2. Possibly, Procure the L-15's jet in the military budget
3.discuss investment opportunities with xi jinping and other chinese business men
4.help in technology and civil engineering training etc
pls always do some research b4 spewing rubbish

Msgamble: Look at what bad leadership as cost us..after WW-2 in 1945,China n 9ja were on the same level(undeveloped country) no air force,poor infrastructure even their pilot n engineer were trained in 1950s by the Japanese..buh loot at them today(60yrs laters) they are the 2nd largest economic in d world very succesful nation even more than UK(their colonizer)..what are we(9ja)? Impoverished nation dependant on foreign aid n grants..shm

decode: Government is financed by tax revenue and borrowings. Besides the loan is cheap @ 3% (cooperative rate).