Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,154,036 members, 7,821,576 topics. Date: Wednesday, 08 May 2024 at 03:14 PM

Freeze All Borrowings Now! - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Freeze All Borrowings Now! (426 Views)

"Buhari’s Borrowings Will Enslave Nigeria Eternally" – Fayose / Jonathan's Borrowings Is To Blame For The Current Economic Recession-presidency / FG Okays More External Borrowings, Vows To Turn Economy Around- Vanguard (2) (3) (4)

(1) (Reply)

Freeze All Borrowings Now! by zomoears(m): 10:44am On Apr 01, 2015
Incumbent governments that have seen the handwriting on the wall have initiates teps to tie the incoming governments with heavy debt burden.These debts have been negotiated with such steep payment terms that over 1/3rd of the expected state allocations for a period of over 3 years are been mortgaged away.

It's about time we took a break from this politicking and look at the stumbling blocks these outgoing governors are putting in place for the incoming guys.

Furthermore, the government at the centre, through NOI in recent times have been making attempts to secure loans to heavy sums, outrageous figures like $2bn!

Buhari should make a pronouncement about this attempts now, before they milk the nation dry and saddle his government with debts.

Long live GMB
Long line Nigeria!

(1) (Reply)

My Victory, Not A Surprise – Buhari / Fulani Insurgents Raid Benue Again, Kill 31 / Opinion- Prof. Pat Utumi & Jega Should Make Buhari's Cabinet

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 6
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.