seunmsg:


You want to diversify the economy without building key infrastructure like power and good rail network right? My friend, you don't know what you are saying. The infrastructures proposed in the loan plan is key to diversification of the economy.

SweetLove0:
dubious law breakers.

falxx:
So without rail, we cannot do anything to comot this recession abi? So we do not provided 24 power supply nothing can be to done to this hardest recession abi? There was so much food everywhere by the last government, was this due to abundance of power and rail abi? As at today, I am the happiest for the downturn of this Buhari's loan. This is shows his incompetence. If Buhari was a competent leader and with well structured and quilified minister, they would have identified other important areas and not to requesting for loan they cannot manage. Who is even quilified to manage the loan if given? Is it those very low and elementary minister of finance or what? Where is even the blue print to be followed? The fact is that Buhari is damn too dumb and incompetent to rule this country

RockHard:


This rejection further highlights the fault-lines within the APC. Buhari is simply an incompetent leader, else he would've 'rallied his [APC] troops' at the National Assembly to ensure that the bill was accepted and passed, afterall the party still enjoys a majority at the National Assembly. But no, his aloofness, abysmal incompetence, lack of leadership and indifference to the serious crises facing the party has and will continue to cause him embarrassments such as this. Truly the guy truly is a du.l.lard.

repogirl:
They want to borrow money that will forever put us in massive debt with no results that will show for it.

This FG that met a bustling economy and ran it aground now want to borrow and finally bury the country into the ground. The senate did well by curbing it.

Largas:
SE Nigeria will be rejoicing over this kind of news.

Foooooolish President in Chief.

seunmsg:


You want to diversify the economy without building key infrastructure like power and good rail network right? My friend, you don't know what you are saying. The infrastructures proposed in the loan plan is key to diversification of the economy.

ilynem:

How do you know there will nothing to show for it? What do you do when there is deficiency of demand (which is causing the recession)? You pump in money into the economy and it's always better to pump it into capital projects which is what the loan is for. As long as the loan is used properly, we are in good stead. The US is owing trillions of dollars and they have the most powerful economy in the world. You and I will suffer the brunt of the senate's decision not Buhari.

DONSMITH123:



With due respect my brother, since the inception of this government. We have heard enough on the diversification of economy. Tell me what they've achieved on it.

They need to wake up before it'll be too late.

clefstone:
Anything to frustrate buhari is allowed until he suffers the pain GEJ suffered when he was an opposition

thedarkside:


you have a point..but i disagree with you..

i rather live off of what i have in my pocket,suffer and work harder than end up like libya,irak,syria,sudan or venezuela...

PedroJP:




Hello Mr hypocrite. You refused to answer my question on the other thread on how private investors produce public goods for a whole region.


Why ain't u advising that FG invites private investors for these projects ?


Are infrastructural developments through private investors only good for Nigerdelta ?


Evil people that will see black and call it white.


[s]You want to borrow now for infrastructural development but want Nigerdelta to wait for private investors[/s]

thedarkside:


you have a point..but i disagree with you..

i rather live off of what i have in my pocket,suffer and work harder than end up like libya,irak,syria,sudan or venezuela...

obailala:
One would have loved to see at least the Mambilla project come to life. But throwing out a proposal 100% without even a debate?.. Okay

seunmsg:


You want to diversify the economy without building key infrastructure like power and good rail network right? My friend, you don't know what you are saying. The infrastructures proposed in the loan plan is key to diversification of the economy.

ilynem:

How do you know there will nothing to show for it? What do you do when there is deficiency of demand (which is causing the recession)? You pump in money into the economy and it's always better to pump it into capital projects which is what the loan is for. As long as the loan is used properly, we are in good stead. The US is owing trillions of dollars and they have the most powerful economy in the world. You and I will suffer the brunt of the senate's decision not Buhari.

seunmsg:
They did not even debate it before throwing it out. Not a good development. Throwing the entire proposal away is not the best. We need some of the projects that were proposed in the loan proposal. They should have debated the proposal and approve some even if they won't approve all.

Largas:


How can you borrow a heavy Loan for infrastructural development, how will that revamp our dead economy or alleviate suffering in the Land?

Buhari should focus on diversification of the economy and exodusing us out of this misery instead of taking Loans to construct railtracks from Daura to LA.

playboy19:


Yes it is easy to make such decisions with personal finance, however, it is never the same with corporate or sovereign financing.

The only 2 ways out of this recession is through sales of asset or borrowing. I will support any of these two as long as the funds are utilized judiciously.

ilynem:

How do you know there will nothing to show for it? What do you do when there is deficiency of demand (which is causing the recession)? You pump in money into the economy and it's always better to pump it into capital projects which is what the loan is for. As long as the loan is used properly, we are in good stead. The US is owing trillions of dollars and they have the most powerful economy in the world. You and I will suffer the brunt of the senate's decision not Buhari.

saintmark88:


I weep wen I c pple like u talk unintelligently on social media, I wonder if we d youth or let me say young adults even carry out research at all

I dnt blame u wen u talk like this, too much attention on Brazilian hair, iphone, Mary Kay powder..has turned our young ladies into dummies.....sometimes I wonder if in a general sense...Ladies in general think because they r ladies then they r allowed to be dumb

Now to d point u made tht its totally a distortion of the truth. What do u mean by he met a "bustling economy". Have u ever researched to find out what d economy was like bfre GEJ entered n what it was bfre he left??

If u have not please do, bfre u make a urself appear dumb

seunmsg:


You want to diversify the economy without building key infrastructure like power and good rail network right? My friend, you don't know what you are saying. The infrastructures proposed in the loan plan is key to diversification of the economy.