SW you Guys have been calling others thieves have you seen the real thieves now?

Let us blame GEJ for this.


God please send me money to exit this country b4 it finally crumbles. Australia, Canada, please give me PR. I promise to be a law abiding citizen. My children must not pay for what they know nothing abt.

debt

Loan loan loan...The only thing our leaders know, they don't know how to maintain and make money for the country.

I know government is not here to make money but we should have means to sustain it. Our population is about 200 million plus and our savings is just barely below 50 million US dollars. While the government don't reason how to grow this savings at least to be proportionate to the size of the population.

bubu inrcreased the North's wealth by frustrating the forex thereby increasing the exchange rate form #190/$1 to #450 at some point now #360/$1.

Very good

Omooba77:
The Federal Government will take another fresh external loan of $247.3m for the development of infrastructure, despite the country’s rising debt profile.

The Federal Executive Council made the approval at its sitting in Abuja on Wednesday.

It came just days after the International Monetary Fund raised eyebrows over Nigeria’s current N24.38tn debt, advising the country to take borrowing slowly.

Briefing State House correspondents after the meeting rose, the Minister of Finance, Mrs Zainab Ahmed, gave a breakdown of the fresh loan.

She stated that $150m would come from the African Development Bank, to be spent specifically on rural electrification projects; $50m from Africa Grow Together Fund for other electrification projects; and $20m from French Development Agency, which would be loaned to the  Lagos State Government.

Lagos plans to use the $20m to build new roads and rehabilitate existing ones.

Another $27.3m IADE facility was approved as part of the ‘North Core Dorsal Regional Transmission Project.’

This will be part of the West Africa Power Pool projects with a total loan requirement of $640m.

The minister explained that the projects were to connect Nigeria, Niger, Benin Republic, Togo, and Burkina Faso “with a high voltage 330 kilowatts transmission line, to facilitate energy trade among participant countries.”

The minister, who gave more details on the approvals by FEC, said, “Council approved three memos for Ministry of Finance. First, it approved a $150m loan facility from AfDB and $50m loan from African Grow Together Fund to finance the Nigerian electrification project. The project is a nationwide initiative to be implemented by the rural electrification agency.

“The project aligns with the strategy of the Federal Government on electrification of rural communities. The project has four components: First is solar hybrid mini-grid for rural economic development, the second is productive appliances equipment for up-grid communities, and the third is energising education while the fourth component is institutional capacity building.

“The impact of the project when fully implemented, about 500,000 people will be able to have access to electricity for about 105,000 households. The maximum power that will be generated will be 76.5 megawatts installed generating capacity part of which is 68,000 megawatts of solar.

“Eight universities will benefit from this scheme and about 20,000 small, micro, medium enterprises across different communities in the nation.

“The second approval is the North Core Dorsal Regional Transmission Project. This is a project that is part of the pipeline for the West Africa power pool priority projects. The intention is for the creation of a regional power pool in the region of West Africa. The pool project aims to connect Nigeria, Niger, Benin Republic, Togo, and Burkina Faso with a high voltage 330 kilowatts transmission line, to facilitate energy trade among participants.

“The project is in the total sum of $640m, out of which each of the four countries involved has a component. Nigeria has the smallest component in this pact, which is a total loan of $27.3 m IADE facility, a concessionary loan. This is a loan that the four countries are taking together; the other three countries have concluded theirs. So, this is one of the final stages for Nigeria to conclude its process.”

https://punchng.com/fg-seeks-fresh-247-3m-external-loan/amp/

We shouldn’t forget that the borrowed money comes with a serious interest and debt default fees. The world is slowly moving away from oil. Where will Nigeria get the money to pay up?

APC and Buhari have to pay for the prosecution of the “elections” and the tribunal which Atiku appears to have all the facts and logic on his side.


It will be only by the grace of God that Nigeria wouldn’t be saddled with a debt of plus $100bn at the end this regime.

When you look at the actions of Buhari and APC apologists you get the feeling that it wasn’t only hatred for GEJ, the minority tribesman that they had, but utter, complete, sadistic, insidious hate of Nigeria as a country.

And we have got to ask ourselves why.

the northerners bought dollar for #190 . kept the dollars and buhari made the exchange rate increase. and they sold the dollars for naira for almost #400.

good business

Lol.

Even Lagos is borrowing.

What of their IGR ?

Please what are they using our money for and the useless foreign reserve,an underdeveloped nation boasting about foreign reserve while their is no sign of knfrastructure development in the country.

Mowoe:
When Buhari and his Forty Foolish thieves are done borrowing and we are unable to pay back(which would most likely be the case), the Chinese would come for their property(Nigeria and Nigerians in it) and Colonialism begins anew; and those political gods some of you have sworn to defend under the sun and in the rain would migrate to other countries with their families to enjoy their loot, and they'll make modern slaves out of whoever is left.

That is my fear

the conditions for the loans will not be public knowledge till shit hits the fan.

Africans in their usual stupid self will continue to be short sighted.

Look at Zambia and Djibouti now
in China trap

those who stole the money will be in Switzerland's enjoying

Same witt Nigeria when shit hit fan

but when you raise the alarm, the same idiots you are trying to save will be the one castigating you guys


Dumbasa nigger Africans

madridsta007:


We shouldn’t forget that the borrowed money comes with a serious interest and debt default fees. The world is slowly moving away from oil. Where will Nigeria get the money to pay up?

APC and Buhari have to pay for the prosecution of the “elections” and the tribunal which Atiku appears to have all the facts and logic on his side.


It will be only by the grace of God that Nigeria wouldn’t be saddled with a debt of plus $100bn at the end this regime.

When you look at the actions of Buhari and APC apologists you get the feeling that it wasn’t only hatred for GEJ, the minority tribesman that they had, but utter, complete, sadistic, insidious hate of Nigeria as a country.

And we have got to ask ourselves why.

You have said it all

....tot dey said lagos is king of IGR....most state dont seek international loan to develop its infrastructure...but lagos and their conmen wont let debt rest....

I repeat again...peter obi is a far better goveenoer than fashola, tinubu nd ambode combined.....

Now its clearer that buhari is tinubu's puppet

plan to leave this country if you are currently struggling. Nigeria is about to go down south. get a skill.

Not again. Are we borrowing to maintain our expensive government directly or indirectly?

When Buhari finishes this county with all these borrowing I wonder what will be left

Odongo111:
ok I am interested

What's the benefit of creating another moniker to quote yourself just to deceive your likes.
Bro get life joor.

After all the borrowing at the end of his tenure he will blame GEJ for the borrowing.

Next generation is in deep shiit. I will tell Rochas to mould Buhari for the 10th generation to see who is responsible for there woes.

looters....onye oshi dem

waka

Yet we no dey feel the impact of the amount borrowed

The minister explained that the projects were to connect Nigeria, Niger, Benin Republic, Togo, and Burkina Faso “with a high voltage 330 kilowatts transmission line, to facilitate energy trade among participant countries.


Which kind rubbish explaination be this

Voodoo economists.

Mowoe:
When Buhari and his Forty Foolish thieves are done borrowing and we are unable to pay back(which would most likely be the case), the Chinese would come for their property(Nigeria and Nigerians in it) and Colonialism begins anew; and those political gods some of you have sworn to defend under the sun and in the rain would migrate to other countries with their families to enjoy their loot, and they'll make modern slaves out of whoever is left.

exactly my thinking, may we never end up becoming slaves to those buhari owes as a result of this o...BC nobody is ready to go back to slave trade...this man should take it easy.

VISIONLess DIRECTIONLess

Election campaigns cost so much, yes!

MPESA:


What's the benefit of creating another moniker to quote yourself just to deceive your likes.
Bro get life joor.

Are you Kenyan?

grandstar:


Are you Kenyan?

No Sir...

I bought piritin abi how dem dey call that medicine sef but E no work.


Someone should kindly prescribe a good sleeping medicine for me.

I need quality sleep both night and day