obailala:
How much exactly is "ALL" let's see if it compares to the amount in the topic? Cos the last time I checked, the so called recovered loot wasn't even up to N100bn.

PassingShot:
Good development. It means money will now be available to complete important infrastructures that drive the economy.

Borrowing, as educated folks would know, is not the problem as long as it's used for infrastructures. Whereas PDP used to borrow for recurrent expenditures, this government has proved to be borrowing for capital/infrastructural development.



To those already shouting blue murder, read the below to cure your ignorance:

This is how you make an analogy

US National Debt - $2.1 Trillion - Debt to GDP 76%
UK National Debt - $2.3 Trillion - Debt to GDP 89%
China National Debt - $4.3 Trillion - Debt to GDP 41%
Nigeria National Debt - $73 Billion - Debt to GDP 21%

Debt is not the issue. It's what you do with it that's the issue.
Question is - If debt is rightly invested in infrastructure (that creates Capital Formation) or human capital (that keeps people alive & develop their skills and mental capacity), we'll be ok. If truth be told, a large Percentage of our National Debt was looted by the previous governments.

The conversation we should be having concerning our National Debt is
- Is it sustainable?
- What is it invested on?
- How much would those investments add to the GDP?
- When should we expect these ROI?

This government is committed to infrastructural awakening and is well on the course to achieving this with a time frame in mind after which we begin to get our ROI fast

These are some of the key indices that bring about an economical rating and yes as it stands now, Nigeria is the best economy in africa all thanks to this present Government which remained unwavering in the face of recession and maneuvered the nation out of those murky waters to the place where Forbes could now rate us as they have done.

Kudos to PMB and PYO.

obailala:


How much exactly is "ALL" let's see if it compares to the amount in the topic? Cos the last time I checked, recovered loot wasn't even up to N100bn but some people keep expecting the so called recovered loot to build the entire Europe in Nigeria.

Pekele007:

shut up first.

The dullard recovered $323m abacha loot but decided to share it to Nigerians and went back to borrow $340m from China.


Is that not stupidity

Pekele007:

shut up first.

The dullard recovered $323m abacha loot but decided to share it to Nigerians and went back to borrow $340m from China.


Is that not stupidity

kaluxy007:


You mean all the Anti Corruption noise couldn't achieve anything beyond 100billlion...not even in dollars


Let them pack their sacks and leave, we've stayed in hunger for too long

PassingShot:
Good development. It means money will now be available to complete important infrastructures that drive the economy.

Borrowing, as educated folks would know, is not the problem as long as it's used for infrastructures. Whereas PDP used to borrow for recurrent expenditures, this government has proved to be borrowing for capital/infrastructural development.


To those already shouting blue murder, read the below to cure your ignorance:

This is how you make an analogy

US National Debt - $2.1 Trillion - Debt to GDP 76%
UK National Debt - $2.3 Trillion - Debt to GDP 89%
China National Debt - $4.3 Trillion - Debt to GDP 41%
Nigeria National Debt - $73 Billion - Debt to GDP 21%

Debt is not the issue. It's what you do with it that's the issue.
Question is - If debt is rightly invested in infrastructure (that creates Capital Formation) or human capital (that keeps people alive & develop their skills and mental capacity), we'll be ok. If truth be told, a large Percentage of our National Debt was looted by the previous governments.

The conversation we should be having concerning our National Debt is
- Is it sustainable?
- What is it invested on?
- How much would those investments add to the GDP?
- When should we expect these ROI?

This government is committed to infrastructural awakening and is well on the course to achieving this with a time frame in mind after which we begin to get our ROI fast

These are some of the key indices that bring about an economical rating and yes as it stands now, Nigeria is the best economy in africa all thanks to this present Government which remained unwavering in the face of recession and maneuvered the nation out of those murky waters to the place where Forbes could now rate us as they have done.

Kudos to PMB and PYO.

PataAlhaja:


See someone calling another "stupid". I swear, you no get sense!

It's obvious you are very dumb to know that that loan from China is not a direct cash-transfer loan but an ICT infrastructure loan. They execute the infrastructure for us through a Chinese ICT company (Huawei Technologies) and we pay them later.

The dumbness and laziness of some so-called graduates would perplex even a sloth!

SMH

obailala:
Starting a conversation with an insult shoes first of all that you're a mannerless, poorly brought up waste.

And then, if you can read, the comment I responded to asked why recovered loot wasnt used to finance whatever it is the $2.8bn is being borrowed for. You then insultingly start blabbing about $323million because according to the gutter school you went to, 320 = 2800.

Nedukkc:
I see people still supporting this Government
Shouting sia baba
Mr integrity....this particular one has made to go back to dictionary to check the meaning of that word again.

Then baba till 2023...and I’m like do you people want this man to kill us??

They have been borrowing and we don’t see anything effects
The loots they claimed they recovered where is the money? what was it used for ?

For those fighting so hard to leave this country God will answer your prayers. We will all escape.

Pekele007:

Your stupidity is really inconclusive cos your thinking faculty is outdated.

I can't waste my time explaining things to a fool.

PataAlhaja:

Instead make you thank me say I educate your empty brain, you dey abuse me!
Dem never beat you before, abi?
Empty barrel!

PassingShot:
Good development. It means money will now be available to complete important infrastructures that drive the economy.

Borrowing, as educated folks would know, is not the problem as long as it's used for infrastructures. Whereas PDP used to borrow for recurrent expenditures, this government has proved to be borrowing for capital/infrastructural development.


To those already shouting blue murder, read the below to cure your ignorance:

This is how you make an analogy

US National Debt - $2.1 Trillion - Debt to GDP 76%
UK National Debt - $2.3 Trillion - Debt to GDP 89%
China National Debt - $4.3 Trillion - Debt to GDP 41%
Nigeria National Debt - $73 Billion - Debt to GDP 21%

Debt is not the issue. It's what you do with it that's the issue.
Question is - If debt is rightly invested in infrastructure (that creates Capital Formation) or human capital (that keeps people alive & develop their skills and mental capacity), we'll be ok. If truth be told, a large Percentage of our National Debt was looted by the previous governments.

The conversation we should be having concerning our National Debt is
- Is it sustainable?
- What is it invested on?
- How much would those investments add to the GDP?
- When should we expect these ROI?

This government is committed to infrastructural awakening and is well on the course to achieving this with a time frame in mind after which we begin to get our ROI fast

These are some of the key indices that bring about an economical rating and yes as it stands now, Nigeria is the best economy in africa all thanks to this present Government which remained unwavering in the face of recession and maneuvered the nation out of those murky waters to the place where Forbes could now rate us as they have done.

Kudos to PMB and PYO.

Pekele007:

[s]Zombies like you are too dull. When did Shut up become an insult


Go back and read the question you asked the guy.


What did the dullard do with the little recovered loot he got? Think with your brain zombie.[/s]

PassingShot:
Good development. It means money will now be available to complete important infrastructures that drive the economy.

Borrowing, as educated folks would know, is not the problem as long as it's used for infrastructures. Whereas PDP used to borrow for recurrent expenditures, this government has proved to be borrowing for capital/infrastructural development.


To those already shouting blue murder, read the below to cure your ignorance:

This is how you make an analogy

US National Debt - $2.1 Trillion - Debt to GDP 76%
UK National Debt - $2.3 Trillion - Debt to GDP 89%
China National Debt - $4.3 Trillion - Debt to GDP 41%
Nigeria National Debt - $73 Billion - Debt to GDP 21%

Debt is not the issue. It's what you do with it that's the issue.
Question is - If debt is rightly invested in infrastructure (that creates Capital Formation) or human capital (that keeps people alive & develop their skills and mental capacity), we'll be ok. If truth be told, a large Percentage of our National Debt was looted by the previous governments.

The conversation we should be having concerning our National Debt is
- Is it sustainable?
- What is it invested on?
- How much would those investments add to the GDP?
- When should we expect these ROI?

This government is committed to infrastructural awakening and is well on the course to achieving this with a time frame in mind after which we begin to get our ROI fast

These are some of the key indices that bring about an economical rating and yes as it stands now, Nigeria is the best economy in africa all thanks to this present Government which remained unwavering in the face of recession and maneuvered the nation out of those murky waters to the place where Forbes could now rate us as they have done.

Kudos to PMB and PYO.

Slimmacho:


You don't understand the meaning of the facts you posted there.
Having a low GDP with high debts means you have no propensity to pay back as your economy can't generate enough to payback.


I also believe you are very ignorant because the 2017 and 2018 budgets were meant to be funded by more than 60% on loans, this consists of both recurring and capital expenditures.
This is the first time in Nigeria whereby more than 50% of the budgets will depend on loans.

Maybe you are living in a different country because we can't see new capital projects except the ones initiated and almost finished projects by the last regimes which the new regime are taking glory of.

We saw a benchmark of below $30 per barrel Crude oil used to calculate the projected revenue in the budget. But no one is talking about the fact that Crude oil is above $75 per barrel, they are still complaining of low oil prices.

The problem we have in Nigeria is ignorance, people like you chose to be ignorant because you are partisan.
Many like you read opinions without checking facts.

One more thing, I'd always thought that Buhari is the only DOTARD we have around,people like you who thinks the Economy is doing better now should simply be tagged FOOLISH!
SHAME ON YOU!

PassingShot:
Good development. It means money will now be available to complete important infrastructures that drive the economy.

Borrowing, as educated folks would know, is not the problem as long as it's used for infrastructures. Whereas PDP used to borrow for recurrent expenditures, this government has proved to be borrowing for capital/infrastructural development.


To those already shouting blue murder, read the below to cure your ignorance:

This is how you make an analogy

US National Debt - $2.1 Trillion - Debt to GDP 76%
UK National Debt - $2.3 Trillion - Debt to GDP 89%
China National Debt - $4.3 Trillion - Debt to GDP 41%
Nigeria National Debt - $73 Billion - Debt to GDP 21%

Debt is not the issue. It's what you do with it that's the issue.
Question is - If debt is rightly invested in infrastructure (that creates Capital Formation) or human capital (that keeps people alive & develop their skills and mental capacity), we'll be ok. If truth be told, a large Percentage of our National Debt was looted by the previous governments.

The conversation we should be having concerning our National Debt is
- Is it sustainable?
- What is it invested on?
- How much would those investments add to the GDP?
- When should we expect these ROI?

This government is committed to infrastructural awakening and is well on the course to achieving this with a time frame in mind after which we begin to get our ROI fast

These are some of the key indices that bring about an economical rating and yes as it stands now, Nigeria is the best economy in africa all thanks to this present Government which remained unwavering in the face of recession and maneuvered the nation out of those murky waters to the place where Forbes could now rate us as they have done.

Kudos to PMB and PYO.

PataAlhaja:


See someone calling another "stupid". I swear, you no get sense!

It's obvious you are very dumb to know that that loan from China is not a direct cash-transfer loan but an ICT infrastructure loan. They execute the infrastructure for us through a Chinese ICT company (Huawei Technologies) and we pay them later.

The dumbness and laziness of some so-called graduates would perplex even a sloth!


Am so sad the way people who aren't economist come here to gibberish nonsense.
The deal with China is a bad one.
Firstly, Chinese have reduced the risks of future dollar inflation on their part and Nigeria pays for it.
Secondly, Nigeria has no hold on Local content, so the Chinese may decide to bypass the Local Content.
Thirdly, Nigeria can't direct them to venture into community development projects.
Fourthly, Nigeria can't determine the pace of the project.
Also, Nigeria is being indirectly colonized by China. Those who have worked with Chinese will know how wickedly they treat their subjects.
There are other factors more technical to discuss here but I can assure you, the deal is very unwise and I blame Nigeria Economic teams for going into such.

SMH

Reference:


No sir. It is your ability to repay that matters not essentially your GDP. Our GDP is almost wholy tied to one commodity and five IOC's. This danger is what makes the taking of loans incomparable to the others. Our risk is much, much more adverse. The best economic model involves increasing productivity. If America takes loans it is to finance America almost 90 percent, if Britain takes loans it is to finance British businesses, if China takes loans it is to build Chinese infrastructure by the Chinese. If Nigeria takes loans half of it remains abroad by giving it back to the Chinese, Germans, British and Americans to build infrastructure for us.

I repeat again. Infrastructure is the biggest scam in public finances. It is often shrouded in secret. Credit conditions are rarely in the public domain and efficiency are terribly low. It is common knowledge that our roads cost more than most places on earth, our airports are heavily overpriced, our dollar to megawatt power delivery ratio is meteoric. Stadiums, rail lines, seaports, all funded by loans cost more and yet account for huge capital flight. So how can you co oare tne effect of loans the developed world takes to what we disastrously take.

Any infrastructure that is not executed to the wholistic benefit of the country in creating jobs, stimulating businesses and establiahing skills and technology cannot profit the economy. If the Chinese want to invest in Nigeria they should BOT rail infrastructure. If the Germans want to invest in bridges and roads they should build and toll. If Hyundai Heavy wants to invest in seaports they should recoup from port charges. If GE wants to build power stations they should register as a GENCO. But if we are taking loans for infrastructure the monies should end up in the pockets of Nigerian engineers, wholly Nigerian companies and the weather beaten Nigerian labour force. Then it will have a real, positive impact on our GDP.

PataAlhaja:


See someone calling another "stupid". I swear, you no get sense!

It's obvious you are very dumb to know that that loan from China is not a direct cash-transfer loan but an ICT infrastructure loan. They execute the infrastructure for us through a Chinese ICT company (Huawei Technologies) and we pay them later.

The dumbness and laziness of some so-called graduates would perplex even a sloth!


Am so sad the way people who aren't economist come here to gibberish nonsense.
The deal with China is a bad one.
Firstly, Chinese have reduced the risks of future dollar inflation on their part and Nigeria pays for it.
Secondly, Nigeria has no hold on Local content, so the Chinese may decide to bypass the Local Content.
Thirdly, Nigeria can't direct them to venture into community development projects.
Fourthly, Nigeria can't determine the pace of the project.
Also, Nigeria is being indirectly colonized by China. Those who have worked with Chinese will know how wickedly they treat their subjects.
There are other factors more technical to discuss here but I can assure you, the deal is very unwise and I blame Nigeria Economic teams for going into such.

SMH

Reference:


No sir. It is your ability to repay that matters not essentially your GDP. Our GDP is almost wholy tied to one commodity and five IOC's. This danger is what makes the taking of loans incomparable to the others. Our risk is much, much more adverse. The best economic model involves increasing productivity. If America takes loans it is to finance America almost 90 percent, if Britain takes loans it is to finance British businesses, if China takes loans it is to build Chinese infrastructure by the Chinese. If Nigeria takes loans half of it remains abroad by giving it back to the Chinese, Germans, British and Americans to build infrastructure for us.

I repeat again. Infrastructure is the biggest scam in public finances. It is often shrouded in secret. Credit conditions are rarely in the public domain and efficiency are terribly low. It is common knowledge that our roads cost more than most places on earth, our airports are heavily overpriced, our dollar to megawatt power delivery ratio is meteoric. Stadiums, rail lines, seaports, all funded by loans cost more and yet account for huge capital flight. So how can you co oare tne effect of loans the developed world takes to what we disastrously take.

Any infrastructure that is not executed to the wholistic benefit of the country in creating jobs, stimulating businesses and establiahing skills and technology cannot profit the economy. If the Chinese want to invest in Nigeria they should BOT rail infrastructure. If the Germans want to invest in bridges and roads they should build and toll. If Hyundai Heavy wants to invest in seaports they should recoup from port charges. If GE wants to build power stations they should register as a GENCO. But if we are taking loans for infrastructure the monies should end up in the pockets of Nigerian engineers, wholly Nigerian companies and the weather beaten Nigerian labour force. Then it will have a real, positive impact on our GDP.

Slimmacho:


You don't understand the meaning of the facts you posted there.
Having a low GDP with high debts means you have no propensity to pay back as your economy can't generate enough to payback.


I also believe you are very ignorant because the 2017 and 2018 budgets were meant to be funded by more than 60% on loans, this consists of both recurring and capital expenditures.
This is the first time in Nigeria whereby more than 50% of the budgets will depend on loans.

Maybe you are living in a different country because we can't see new capital projects except the ones initiated and almost finished projects by the last regimes which the new regime are taking glory of.

We saw a benchmark of below $30 per barrel Crude oil used to calculate the projected revenue in the budget. But no one is talking about the fact that Crude oil is above $75 per barrel, they are still complaining of low oil prices.

The problem we have in Nigeria is ignorance, people like you chose to be ignorant because you are partisan.
Many like you read opinions without checking facts.

One more thing, I'd always thought that Buhari is the only DOTARD we have around,people like you who thinks the Economy is doing better now should simply be tagged FOOLISH!
SHAME ON YOU!

PassingShot:
Good development. It means money will now be available to complete important infrastructures that drive the economy.

Borrowing, as educated folks would know, is not the problem as long as it's used for infrastructures. Whereas PDP used to borrow for recurrent expenditures, this government has proved to be borrowing for capital/infrastructural development.


To those already shouting blue murder, read the below to cure your ignorance:

This is how you make an analogy

US National Debt - $2.1 Trillion - Debt to GDP 76%
UK National Debt - $2.3 Trillion - Debt to GDP 89%
China National Debt - $4.3 Trillion - Debt to GDP 41%
Nigeria National Debt - $73 Billion - Debt to GDP 21%

Debt is not the issue. It's what you do with it that's the issue.
Question is - If debt is rightly invested in infrastructure (that creates Capital Formation) or human capital (that keeps people alive & develop their skills and mental capacity), we'll be ok. If truth be told, a large Percentage of our National Debt was looted by the previous governments.

The conversation we should be having concerning our National Debt is
- Is it sustainable?
- What is it invested on?
- How much would those investments add to the GDP?
- When should we expect these ROI?

This government is committed to infrastructural awakening and is well on the course to achieving this with a time frame in mind after which we begin to get our ROI fast

These are some of the key indices that bring about an economical rating and yes as it stands now, Nigeria is the best economy in africa all thanks to this present Government which remained unwavering in the face of recession and maneuvered the nation out of those murky waters to the place where Forbes could now rate us as they have done.

Kudos to PMB and PYO.


...