Power: FG Seeks $450m From Islamic Development Bank - Politics (3) - Nairaland
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| Re: Power: FG Seeks $450m From Islamic Development Bank by deols(f): 7:19pm On Aug 05, 2013 |
Till tomorrow some people will talk of Ibb(abi who again) forcing Nigeria to join OIC. But would close their eyes at this. It is a good development. Hopefully the funds wont be diverted into personal accounts. 1 Like |
| Re: Power: FG Seeks $450m From Islamic Development Bank by Dibiachukwu: 7:58pm On Aug 05, 2013 |
Its a pity that some almajiris still believe lies their fathers told them. Lies like we fed the whole nation with groundnut. Take a minute, think about that and laugh at yourselves. |
| Re: Power: FG Seeks $450m From Islamic Development Bank by igala1(m): 8:14pm On Aug 05, 2013 |
The Retardeen has failed again. OBJ took us out of debt now we're heading right back into it. He'd definitely lose 2015 1 Like |
| Re: Power: FG Seeks $450m From Islamic Development Bank by ssii: 8:14pm On Aug 05, 2013 |
How do they intend to pay off these loans? If our resources are properly managed, do we need to borrow like this? Money lost to oil theft alone is enough to build these infastructure. Truly, we need an upright, God fearing leader that will rule with an iron hand and fight corruption. |
| Re: Power: FG Seeks $450m From Islamic Development Bank by ssii: 8:19pm On Aug 05, 2013 |
Dibiachukwu: Its a pity that some almajiris still believe lies their fathers told them. Lies like we fed the whole nation with groundnut. Take a minute, think about that and laugh at yourselves. What is there to laugh about. Countries without oil, are they not doing better us. Of what use is the oil if we still have to borrow to build infastructure. |
| Re: Power: FG Seeks $450m From Islamic Development Bank by Dibiachukwu: 9:11pm On Aug 05, 2013 |
ssii:I don't care about oil. But you didn't feed anybody with proceeds from groundnut. That is ridiculous. The records says otherwise. Your accounts was always in the reds. Your account is still in the red. |
| Re: Power: FG Seeks $450m From Islamic Development Bank by pullyacap: 9:23pm On Aug 05, 2013 |
ssii: How do they intend to pay off these loans? If our resources are properly managed, do we need to borrow like this? Money lost to oil theft alone is enough to build these infastructure. Truly, we need an upright, God fearing leader that will rule with an iron hand and fight corruption. We sure need an upright man with a fist of iron cos the way these people are leading us, am not sure we can get to the eldorado We are currently losing close to 150million dollars everyday to crude oil theft but to one's eternal chargrin,d GEj govt only just whines about it while criminally refusing to do anything about all the economic/militant saboteurs who are being paid billions of Naira as pipeline protection fees yet dis grand theft has not abated for even a second Even the more than N1 trillion of fuel subsidy money criminally paid out to subsidy thieves have not been recovered yet GEJ prefers to borrow our tomorrow away God just like u answered our prayers under the yoke of Abacha...pls deliver us from d burden of dis profligate taxmaster! 1 Like |
| Re: Power: FG Seeks $450m From Islamic Development Bank by Nobody: 9:31pm On Aug 05, 2013 |
He should just tell the bank to give nigeria every single dollar they have. |
| Re: Power: FG Seeks $450m From Islamic Development Bank by lexxwiz(m): 9:36pm On Aug 05, 2013 |
stand for something or fall for everything... REVOLUTION is all we need.!!! |
| Re: Power: FG Seeks $450m From Islamic Development Bank by biafranqueen: 9:56pm On Aug 05, 2013 |
United Kingdom Debt as a percentage of GDP: 80.9 percent General government debt: $1.99 trillion GDP per capita (PPP): $35,860 Nominal GDP: $2.46 trillion Unemployment rate: 8.4 percent Credit rating: Aaa Germany Debt as a percentage of GDP: 81.8 percent General government debt: $2.79 trillion GDP per capita (PPP): $37,591 Nominal GDP: $3.56 trillion Unemployment rate: 5.5 percent Credit rating: Aaa France Debt as a percentage of GDP: 85.4 percent General government debt: $2.26 trillion GDP per capita (PPP): $33,820 Nominal GDP: $2.76 trillion Unemployment rate: 9.9 percent Credit rating: Aaa United States Debt as a percentage of GDP: 85.5 percent General government debt: $12.8 trillion GDP per capita (PPP): $47,184 Nominal GDP: $15.13 trillion Unemployment rate: 8.3 percent Credit rating: Aaa Nigeria Debt as a percentage of GDP:20.77 percent General government debt:$6.3 billion GDP per capita (PPP)$3,460.00 Nominal GDP:$244 billion Unemployment rate:23.9% Credit rating:BB- Nigeria's debt is not that bad actually If we can use the money wisely is the question. |
| Re: Power: FG Seeks $450m From Islamic Development Bank by Reference(m): 10:02pm On Aug 05, 2013 |
I thought the energy sector was up for privatisation. Why is the government turning it to a money pit. Why do they want to be referee and player at the same time. Those who saw the public telecom industry piggy bank vanish overnight will not allow the power sector slip through their fingers without a final milking. 1 Like |
| Re: Power: FG Seeks $450m From Islamic Development Bank by Hdz4luv: 10:34pm On Aug 05, 2013 |
Yungwizzzy: why is all d projects going 2 northbecouse they are d 1 seekin 4 debt. |
| Re: Power: FG Seeks $450m From Islamic Development Bank by VoteOutPDPJona: 10:40pm On Aug 05, 2013 |
vedaxcool: This man should not create a new debt burden on this country. We barely escape d the last debt. [size=14pt]PDP and JONATHAN should simply recover the over one trillion naira loot from the subsidy thieves who walk freely.[/size] Thank you! |
| Re: Power: FG Seeks $450m From Islamic Development Bank by VoteOutPDPJona: 10:59pm On Aug 05, 2013 |
Mr Aboki: BUSTED! |
| Re: Power: FG Seeks $450m From Islamic Development Bank by samseen02(m): 11:15pm On Aug 05, 2013 |
Yungwizzzy: why is all d projects going 2 north |
| Re: Power: FG Seeks $450m From Islamic Development Bank by babsomotde(m): 2:38am On Aug 06, 2013 |
Na only laff I dey laff. Please, My Presido, can you please give instead of borrowing funds? We are only running into more debts internally. |
| Re: Power: FG Seeks $450m From Islamic Development Bank by dapachez: 5:49am On Aug 06, 2013 |
biafranqueen: United Kingdomand can you compare the standard of living of these countries to that of nigeria,development wise or in relation to good governance can we be compared as well? Let's call it what it is this government is borrowing too much with little to show for it. 1 Like |
| Re: Power: FG Seeks $450m From Islamic Development Bank by biafranqueen: 6:30am On Aug 06, 2013 |
dapachez: and can you compare the standard of living of these countries to that of nigeria,development wise or in relation to good governance can we be compared as well? Let's call it what it is this government is borrowing too much with little to show for it.like I said I hope we can hold them accountable and they do the right thing. Only the masses can demand what is needed because Responsible leaders can not rule irresponsible people. Ore leaders are a reflection of the people! BTW Ghana's debt is double withe the same GDP |
| Re: Power: FG Seeks $450m From Islamic Development Bank by PECO4KING(m): 7:18am On Aug 06, 2013 |
wasiudvd: Another loan? Next will be from herbalist development bank, the money will be use to move atlantic ocean to Abuja. You are really funny. I don laugh die for here. |
| Re: Power: FG Seeks $450m From Islamic Development Bank by PECO4KING(m): 7:33am On Aug 06, 2013 |
Johnathan and is PDP crew are jokers. When will this country grow when the people in power are figthing only for their pockect. Why the increase in pump price of petrol,kerosine and desel. When they know they can borrow. Today the power supply is fair,tomorrow it get worst. |
| Re: Power: FG Seeks $450m From Islamic Development Bank by clint77ng: 9:07am On Aug 06, 2013 |
Yungwizzzy: why is all d projects going 2 northJust to pacify them. Stilll no way. |
| Re: Power: FG Seeks $450m From Islamic Development Bank by Supergenius(m): 9:18am On Aug 06, 2013 |
Mr Aboki:Did we nt have our cocoa,palm oil etc. nd nw in addition to our oil...the south is and wil always be the source of Nigeria revenue |
| Re: Power: FG Seeks $450m From Islamic Development Bank by Dinobenson: 9:59am On Aug 06, 2013 |
Mr Aboki:who is this guy? Are u sure u are in this country! |
| Re: Power: FG Seeks $450m From Islamic Development Bank by Boy2boy: 10:33am On Aug 06, 2013 |
Borrow borrow govt |
| Re: Power: FG Seeks $450m From Islamic Development Bank by Boy2boy: 10:36am On Aug 06, 2013 |
la furia: The borrowing is seriously getting too much, if Nigeria should split, which region will be held responsible for the debts? lolll Good questn, as d spirits lead me: GEJ REGION - 40% SAMBO REGION - 25% NOI REGION - 20% SANUSI REGION - 15% |
| Re: Power: FG Seeks $450m From Islamic Development Bank by staggerman(m): 3:19pm On Aug 06, 2013 |
The projects, according to him, are the construction of four new science secondary schools in Kaduna State worth $17,9m; construction of a 300-bed specialist hospital in Kaduna State at $43.15m; and the Zaria water supply project worth $81.0m. Assuming 1 dollar = 160 Naira Four Secondary Schools will cost $17.9m = N2.864 billion Therefore, one secondary school will cost N2.864 billion divided by 4 = N716 million each Please tell me what this school will contain to drive the cost of constructing just one secondary school to over 700 million Naira A 300-bed hospital will cost $43.15m = N6.904 billion Dear God, I hope it will be the greatest and most equipped hospital in the planet. |
| Re: Power: FG Seeks $450m From Islamic Development Bank by Babaji111(m): 6:22pm On Aug 06, 2013 |
"Nigeria to get oil from Niger"...."Nigeria to get power from Cameroun"....."Nigeria to borrow$$$$ from China"...and now "Nigeria to seek $$$ from IDB"...... are we turning into a beggar nation?  |
| Re: Power: FG Seeks $450m From Islamic Development Bank by Nonybb: 8:20pm On Aug 06, 2013 |
Wow Nairaland looks Greeaaat! |
| Re: Power: FG Seeks $450m From Islamic Development Bank by SLIDEwaxie(m): 11:43pm On Aug 06, 2013 |
wasiudvd: Another loan? Next will be from herbalist development bank, the money will be use to move atlantic ocean to Abuja.bros, i no wan laff na  this thing suppose be serious matter na! |
| Re: Power: FG Seeks $450m From Islamic Development Bank by ssii: 10:22pm On Aug 07, 2013 |
biafranqueen: United Kingdom At least we can see the development in these countries and they do not have oil. How many other oil producing nations borrow like Nigeria. Besides, with the level of looting and corruption a good part of that loan will be wasted. |
| Re: Power: FG Seeks $450m From Islamic Development Bank by ssii: 10:24pm On Aug 07, 2013 |
staggerman: The projects, according to him, are the construction of four new science secondary schools in Kaduna State worth $17,9m; construction of a 300-bed specialist hospital in Kaduna State at $43.15m; and the Zaria water supply project worth $81.0m. The more you look, the less you see. 4years from now, look out for these projects. They will either be abandoned at 25% stage or not all. |
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