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Nairaland Forum / Nairaland / General / Politics / Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust (9910 Views)
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Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by BeeBeeOoh(m): 12:17am On Jan 18, 2017 |
• Govt has not submitted reform plans to World Bank - Sources • Lender has not been able to consider a loan yet - Sources • AfDB holds back second tranche of $1 bln loan - bank chief • Nigeria seeks to drag itself out of first recession in 25 yrs Nigeria's efforts to secure funds from international lenders to help haul it out of recession have stalled because it has not submitted the required economic reform plans, according to one of the banks and sources close to the matter. http://www.dailytrust.com.ng/news/business/nigeria-s-efforts-to-secure-international-loans-hit-deadlock-sources/181250.html 1 Like
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Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by basilo102: 12:24am On Jan 18, 2017 |
. 40 Likes 2 Shares
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Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by HVACSpecialist: 12:36am On Jan 18, 2017 |
Hmmm... this is getting serious. Recession is really biting hard on genuine businesses and government must spend and inject more money into the comatose economy yet this loan is facing setbacks. This is really becoming scary for entrepreneurs. 2 Likes |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by Pwayne2016(m): 1:12am On Jan 18, 2017 |
Nigeria don tire me walahi Buhari is cursed 10 Likes 2 Shares |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by Flyingngel(m): 3:27am On Jan 18, 2017 |
Make 2019 come fast abeg. 7 Likes 2 Shares |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by Adminisher: 3:34am On Jan 18, 2017 |
Lies Incorporated. Otherwise, I am sure there is something else the international financial Community wants us to do that is so terrible that they are not telling us. What rubbish is there about " economic plans" . Ordinary Benin Republic gets loans from the same sort of documents that Nigeria must have presented. Nigeria is not going to devalue fiurther or hurt herself because of a few billions. 4 Likes |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by Nobody: 3:38am On Jan 18, 2017 |
Who is gonna lend money to someone that lacks the creative ability on how to generate money? How is he gonna pay up by the time he squander the money he borrowed and start putting the blames on others? The world now knows king bubu and his retrogressed economic policies. 15 Likes 1 Share |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by Sibrah: 3:41am On Jan 18, 2017 |
HVACSpecialist:Why must it be govt who injects money into the system. People are naturally suppose to. Our sharing system is a major contributor to this recession. 1 Like 1 Share |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by ZUBY77(m): 3:42am On Jan 18, 2017 |
Adminisher: Go and get the money without reform plans na. You think you are dealing with idiotsss that will give you loans without knowing what you plan to do with it or how you will pay back. 37 Likes 3 Shares |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by Blue3k(m): 3:44am On Jan 18, 2017 |
Are the economist dead in Nigeria or politicians not care what they have to say on public policy. This is getting spooky when it's clear they have no idea how to reform economy. I hope Buhari's body language talk isn't euphemism for empty suit. reform plans to the international lenders. The funding deadlock could throw into doubt badly needed infrastructure projects planned for this year, including new roads and improvements to power infrastructure. 2 Likes |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by naijagobetter(m): 4:52am On Jan 18, 2017 |
watching..... |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by ivandragon: 6:56am On Jan 18, 2017 |
its not just about economic reform plans... its also about sociopolitical stability & administrative acumen. no one call tell which direction this regime is headed & while the supposed Chinese investment of $40b looks mouthwatering on the surface, what lurks beneath the surface of that gesture should be a source for concern. 1 Like 1 Share |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by Adminisher: 8:11am On Jan 18, 2017 |
ZUBY77: Awww stop nonsense. What reform plans again? Nigeria has removed fuel subsidy, Nigeria has devalued it's currency, Nigeria has instituted TSA. There is a medium term expenditure forecast, there are priority projects . The economy is being restructured away from oil. There is an agro allied sector growth plan in place. These things will stimulate the economy and generate tax revenues for Government to pay any loans. Please beware of danger lurking behind fancy words. International bankers want the Government to devalue the currency more. In any case all Nigerian Treasury Bills and bond instruments are over subscribed. Nigeria will have money to finance it's deficit. Almost all big projects have their counterpart fundings paid up. 3 Likes |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by Nobody: 9:24am On Jan 18, 2017 |
This is the best Testimony Nigerians have had in a long time. 3 Likes 1 Share |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by Okundaye4(m): 9:25am On Jan 18, 2017 |
GOOD NEWS 3 Likes |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by Royalfurnitures: 9:27am On Jan 18, 2017 |
Govt of inconclusiveness, soon we'd hear, Inconclusive loan Pls check out my signature for quality and durable furniture |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by peter0071(m): 9:28am On Jan 18, 2017 |
we do not need the loans... we can be self-sufficient.. only with time |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by 1Rebel: 9:29am On Jan 18, 2017 |
peter0071: Lol. You have no clue whatsoever. 4 Likes |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by Launcher: 9:30am On Jan 18, 2017 |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by 1Rebel: 9:30am On Jan 18, 2017 |
nigeria is now officially a 4th world country. 3 Likes |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by peter0071(m): 9:31am On Jan 18, 2017 |
so with all your clues.. u think borrowing is your target?? no wonder... clueful one! clap for yourself 1Rebel: 2 Likes |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by luvinhubby(m): 9:32am On Jan 18, 2017 |
May God help this country and speedily so in Jesus name. |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by duni04(m): 9:32am On Jan 18, 2017 |
Daily trust, daily times. Nobody takes news from those ones serious. |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by peter0071(m): 9:33am On Jan 18, 2017 |
i do beleive that Nigeria can come out of this recession... imagine the rice being produced in the country right now... do u know that we export the rice if we keep producing much more of such? we can start exporting to countries around like Togo, Benin Republic, Cameroon, etc. 1Rebel: 1 Like |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by davidif: 9:34am On Jan 18, 2017 |
Wow! |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by Coolcash1: 9:37am On Jan 18, 2017 |
Short of words on this issue. PMB is just unnecessarily making Nigerians suffer. This recession should have been prevented in the first place... Honestly, though I voted for him, I have realized that he's only good as EFCC chairman or Defense minister |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by peter0071(m): 9:38am On Jan 18, 2017 |
my brother, Let's be honest. what do you think should/could be done to bring Nigeria out of this recession? Coolcash1: |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by okwyee(m): 9:39am On Jan 18, 2017 |
This country is toast! |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by Kingoflotto(m): 9:39am On Jan 18, 2017 |
Nigeria
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Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by okwyee(m): 9:41am On Jan 18, 2017 |
peter0071: Anything do-able, |
Re: Nigeria's Effort To Secure International Loans Hit Deadlock - Daily Trust by luvinhubby(m): 9:42am On Jan 18, 2017 |
duni04: Ostrich 2 Likes |
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