luvinhubby:
Now i am seriously concerned about the state of this nation's economy.
Borrowing half of your annual budget with 40days to the end of your fiscal year is not just worrisome but scary.
I see Nigeria go the way of Ghana & Greece 16 months from now.

*pleasePRAYforNigeria.

And there is no telling when he will even release his budget.

So we can expect everything to remain on hold until he finally drafts a copy to the House which will only be released by mid April earliest!

The man's gross incompetence is killing the economy

sunsewa:
leadership is not all about,i will fight quorruption,which we are yet to see,or making mundane promises that cannot be delivered,rather is being deny making,handing over taskful portfolios to fashola and taking oil portfolio,just like idiagbon era.leadership no be for mouth.

according to u and ur clueless corrupt ogogoro hero: leadership is all about stealing and diverting our lean resources with his cronies

Jesusloveyou:
according to u and ur clueless corrupt ogogoro hero: leadership is all about stealing and diverting our lean resources with his cronies

Go and borrow wisely but dont expect our oil to pay your gbesse like in osun


paraistes

Nigeria was in deep shit before but now is going deeper into more deep shit with this apc govt

RevDesmondJuju:


And there is no telling when he will even release his budget.

So we can expect everything to remain on hold until he finally drafts a copy to the House which will only be released by mid April earliest!

The man's gross incompetence is killing the economy

we warned about buharo inadequacies before the elections but ppl thought we were too partisan now we are already been vindicated less than year into the new govt

Rikidony:
Chai, I hope this daura man don't leave Nigeria in debt when leaving


#that'swhatyougetwenanillitrateisurpresident

Maybe now they will finally realise that reviving comatose railway, Federal roads, 14 new universities and fighting Boko and other expenditures cost GEJ government money.

Yet APC applauded Lamido Sanussi bandying around $50 billion missing money that wasn't substantiated.

RevDesmondJuju:


I am from Delta and Urhobo and I am sick and tired of you foolish yorubas thinking we in the ND some how will align with your useles Nigeria

u must be d only fool as urhobo to align with useless biafran, because "we ss" can never have anything to do with biafran

onatisi:
we warned about buharo inadequacies before the elections but ppl thought we were too partisan now we are already been vindicated less than year into the new govt

I predicted 20 mths top for either this govt or Nigeria as a whole to collapse.

It is in the hands of the zombies to decide which option they prefer.

Jesusloveyou:
u must be d only fool as urhobo to align with useless biafran, because "we ss" can never have anything to do with biafran

I hear you.

How is osogbo by the way?

During the APC campaign, there was criticism about the then government foreign and domestic debt only to come in now and ask for close to fifty percent of the 2015 budget worth of loan in the middle of November. I really need to understand Nigerias current economic policies

APC sounded during campaign that borrowing is bad. They told us how GEJ administration borrowed. Even they were lumping the borrowing of APC states to the one borrowed by GEJ. Now the chips are down, they ve joined their predecessor in borrowing spree. Are they telling us now that borrowing is good and normal thing.
Well there is God oooo.
ka chineke mezie okwu

Jesusloveyou:
u must be d only fool as urhobo to align with useless biafran, because "we ss" can never have anything to do with biafran

See SS man wey no get tribe but hate Ijaws

Jesusloveyou:
is dis stupid ijaw op that wants to force himself on biafran, i don't know what he want with igbos

Yoruba fool

buhari to borrow loan

Jesusloveyou:
u must be d only fool as urhobo to align with useless biafran, because "we ss" can never have anything to do with biafran

Claim SS again you yoruba bastard

I need details on this: where is the dulli borrowing from? and @ what currency bfo i can do my analysis right.


In any case, this amount is very high.

AreaFada2:


Maybe now they will finally realise that reviving comatose railway, Federal roads, 14 new universities and fighting Boko and other expenditures cost GEJ government money.

Yet APC applauded Lamido Sanussi bandying around $50 billion missing money that wasn't substantiated.

substantiate what again, it has already be proven that we can generate more than 8tr naira as budget, and ur clueless corrupt ogogoro hero plan a budget of 4.4 tr every year even 2014 that oil was sold above 110 dollar per barrel, without a kobo entering excess crude acc

haruwu:
Na wao

Seun, Lalasticlala, this guy is here to scam people.

With the speed with which the letter passed first reading, one is tempted to think the lawmakers care so much about the populace. if i hear, 10bn of the money is for them

Jesusloveyou:
i know u are from abia not south south, d little oil in abia is not even enough to feed abia, not to talk of biafran

Why does oil have to feed us?

Anambra has the least poverty in Nigeria --- PAP
Anambra has the highest commercial cash deposit ----- CBN
Anambra has one of the top commercial market in Africa ---- Onitsha
Imo has Oil ---RMFAC
Abia has Oil --- RMFAC
Abia has one of the largest if NOT the largest industrial cities - Aba

I can go and on, so why does OIL have to feed Abians or Biafrans? It's ignorant statements like this that plunged Nigeria into debt. Rather than using your human and capital resource, you depend on oil.

Sunnybobo3:


Seun, Lalasticlala, this guy is here to scam people.

been seeing that guy's post all over Nairaland...something need to be done about him..

Jesusloveyou:
substantiate what again, it has already be proven that we can generate more than 8tr naira as budget, and ur clueless corrupt ogogoro hero plan a budget of 4.4 tr every year even 2014 that oil was sold above 110 dollar per barrel, without a kobo entering excess crude acc

Where were you when our current Hon Minister of Power and Works among other governors, resolved to share the excess that should have accrued to the ECA? I'm so glad that Buhari won, the "emerging realities" is beginning to dawn on everyone if indeed Buhari was the right choice.

I hope PMB is not making these decisions all by himself because these moves are strange.

onatisi:
Nigeria was in deep shit before but now is going deeper into more deep shit with this apc govt

we are trying to get out from d mess ur clueless corrupt hero for 6yrs and saTANist pdp in 16yrs put us

Some people are simply ignorant not to know this is a terrible idea in the making. Nothing from the west, foreign loans included, comes for FREE. There's always an attachment to it all. Nigeria welcome to the harsh reality of fate, this is just the beginning.

RevDesmondJuju:


Aregberscalism aka Gbessism will NOT be part of our generation in the better south.

We will soon leave you with the debt.

Not a single dime will come from our oil fields.

You parasites better as a matter of urgency start planting cocoa

that's why they are clipping unto ND. South west is a waste land.

Jesusloveyou:
u must be d only fool as urhobo to align with useless biafran, because "we ss" can never have anything to do with biafran

I see SS man that likes to insult his whole region and the christian north all because of GEJ

manny4life:


Where were you when our current Hon Minister of Power and Works among other governors, resolved to share the excess that should have accrued to the ECA? I'm so glad that Buhari won, the "emerging realities" is beginning to dawn on everyone if indeed Buhari was the right choice.

no u are wrong, d last share of excess crude acc was before may2013, that was before d crises in nigeria governors forum, so for 2yrs that oil sold above 110 dollars, no kobo entered d acc

RevDesmondJuju:
Can somebody tell me what Buhari has done with the 2015 budget he inherited?

All FG projects captured under the 2015 budget have been abandoned and we are yet to hear of any major project unveiled by this administration. So what is he doing with the revenue that is coming in daily to the federal purse?


Now the goat wants to take an IMF loan as predicted WITHOUT stating categorically what he intends to do with the money.

If any of you have sense better go buy dollars because before the end of january next year the naira will be devalued and trading at 500 !

Every single warning and prediction i have made about this Buhari govt is coming to reality.

God punish all you APC zombies that voted with your anus

You mean the Jonathan's 2015 budget which could not even finance salaries?... The abandoned federal government projects you are talking about, did your hero finance any single one of those projects in his 2015 budget?... Answer me just YES or NO!

All these Jonathanians still suffering from election defeat hangover... Let me impress it to you again, Jonathan is NEVER coming back to rule ruin Nigeria again. Weep and wail all you like, kill yourself (or commit suicide) if you like, but nothing can change the fact that your hero has been bulldozed to the dustbin of history. Next election you can join ipod and vote for Nnamdi Kanu. Nonsense!

obailala:
You mean the Jonathan's 2015 budget which could not even finance salaries?... The abandoned federal government projects you are talking about, did your hero finance any single one of those projects in his 2015 budget?... Answer me just YES or NO!

All these Jonathanians still suffering from election defeat hangover... Let me impress it to you again, Jonathan is NEVER coming back to rule ruin Nigeria again. Weep and wail all you like, kill yourself (or commit suicide) if you like, but nothing can change the fact that your hero has been bulldozed to the dustbin of history. Next election you can join ipod and vote for Nnamdi Kanu. Nonsense!

The hunger wey dey wire una for osun never do una abi?

Go and borrow.

Let me see from which oil you will use to repay which yeye loan