The President and his party came up with the "broke" jingle as a means to convince the IMF to finance their ludicrous, extravagant white elephant projects this year. Remember PTF, and the refineries built in the eighties. The President is a master of corruption and money laundering. This is always his gimmick. But unfortunately for him, his plans were leaked to the opposition and some influential elements in our society. This led to a secret meeting in Stockholm, between some Nigerians, some top western media hotshots and some members of the IMF. In this meeting, the plans of the President backed by verifiable documents and files was laid bare to the foreign attendants of this meeting. Consequently, the truth was made known to the IMF chief, who immediately canceled the discreet and hidden loan application by our government. This is the reason for the EFCC clampdown on the government's perceived enemies, under the guise of corruption. Also the review of the fictitious budget, was brought about by this. We are in trouble.

IdisuleOurOwn:


A well known hopeless poverty-stricken wailer.

hinwazaka:

Remember when I said this. I stated right on this forum, that the government had gone through the back door to acquire a loan from the IMF and worldbank. Their illicit and discreetly insincere plans were leaked to the head of the IMF, Christine Laguarde, who immediately swung into action, by denying the Nigerian government that deceitful offer. She even went a step further to warn without mincing words, the implication of going ahead with any attempt of soliciting a loan without paying adherence to the nation's current poor financial state. But after all the words and advice, the wicked and illiterate government of APC have gone ahead to play the f0ol by rejecting sound advice. Even the stup1d ex president, OBJ, has warned against preceding with this madness. Well when the chickens come home to roost, the nation should hold accountable the likes of the useless good for nothing Finance minister, Kemi Adeosun, the APC chairman, John Oyegun, the vice president, Osinbanjo, and most importantly the m0ron we call our president, PMB. A word is enough for the wise.
http://www.nigerianeye.com/2016/02/kemi-adeosun-explains-nigerias.html
http://www.orderpaper.ng/2016-budget-ekweremadu-warns-borrowing-lopsided-projects-distribution/

banki:
Your funny!

Op realy funny!

But let me ask since price of oil is at its lowest how do we now finance the budget?

NavierStokes:


Himwazaka you were right, how else explains the financial times article written yesterday presented below:

https://next.ft.com/content/2a30c096-c8e9-11e5-be0b-b7ece4e953a0

Title of article:
Nigeria calls in the World Bank to do the IMF’s job
The fund is the agency that should lead the response to the crisis

Why avoid the person responsible and go to someone else's shop

I had wanted to create a tread for that but then you can include that article in your arguments

hinwazaka:

To be sincere, I wasn't aware of this article. it is a good eyeopener. If we don't talk now, this government will fooli5hly destroy this country.

hinwazaka:
The finance minister claims that borrowing from many sources would help keep the interests paid to our creditors at a low rate and give us enough time to pay back, at our own convenience. Have you ever heard such a silly excuse. How is a man who owns money to many creditors wiser than a man with just one creditor.

hinwazaka:
The finance minister claims that borrowing from many sources would help keep the interests paid to our creditors at a low rate and give us enough time to pay back, at our own convenience. Have you ever heard such a silly excuse. How is a man who owns money to many creditors wiser than a man with just one creditor.

tuniski:
That is what u get when u have a president who doesn't get it, and a neophyte finance minister. By the time they finish their term in 2019, nigerians will be in a hurry to send them out of Aso Rock. We are on a long thing of chanji, fraud and error! God help naija!

pharmagba:

Kindly exercise patience, don't be surprise many of us believe so much in him. We are even considering 2nd term

chubhiee:
Nigeria can't survive the next four years under Buhari and Apc.

Eledan:


That is your wish and prayer, the way you prayed and wished for Jonathan to win the last election.

chubhiee:
..

Eledan:


Keep getting stupider on Nairaland with silly meme everyday, while your age mates count good achievements.

hinwazaka:
The finance minister claims that borrowing from many sources would help keep the interests paid to our creditors at a low rate and give us enough time to pay back, at our own convenience. Have you ever heard such a silly excuse. How is a man who owns money to many creditors wiser than a man with just one creditor.

hinwazaka:

To be sincere, I wasn't aware of this article. it is a good eyeopener. If we don't talk now, this government will fooli5hly destroy this country.