Rosskiye:



$68 billion is nothing for Nigeria, in terms of debt for a nation of our size and ambitions.

Do you know South Africa's annual budget?

$125 billion.

So, half of what they spend per year is too much for a country like Nigeria to owe some people? Rubbish.

Unless we don't know what we're doing with the money, but insofar as it is for development purposes, as in this case of tractors, we should go for it without hesitation.

awa:
But why are so many people not feeling the impact of all these borrowing self that Buhari Govt is borrowing up and down This Govt. might not be as righteous as they want some of us to believe

Blue3k:
Mechanization is a major reason Nigerian farmers aren't productive. If you look at rice yeild outputs you'll notice Nigerians lag behind lots countries. I believed Nigeria should copy India's policy on farm mechanization by renting out farm equipment. I'd also like to know if these service centers are government run or private sector.




Anyway I dont like the borrowing. The government has shown it doesn't take these debts seriously. The best example is the rail with subsidized ticket cost. I would like an alternative method for increasing Mechanization.

Rosskiye:


The USA is the world's largest debtor nation. Currently owing $23.16 TRILLION.

I guess their leaders ain't super creative either, so we're in good company.

englishmart:
Nigeria borrows for just everything. We'll soon borrow to boost low-sperm-count

Rosskiye:


BULLSHIIT.

Every sane Nigerian knows the Buhari administration does NOT do ''90% looting" of any project.

If you have any example to disprove me, NAME IT NOW or forever shut your trap.

You must be mistaking this for the Jonathan administration.

Rosskiye:


We're not copying them. We don't even owe 1 trillion dollars talk less of 23 trillion.

We just owe 68 billion dollars, so we're good.

Rosskiye:


We're not copying them. We don't even owe 1 trillion dollars talk less of 23 trillion.

We just owe 68 billion dollars, so we're good.

solmusdesigns:

Nigerians Politicians are sometimes daft, with less than $1bn USD or N360 billion NGN, Nigerian government can build a tractor manufacturing plant close to Ajaokuta and it would serve all our tractor and heavy machinery needs at very cheaper rate, and we might start selling to other african countries making good forex.

MarkT30:
Another loan
Borrowing out our future.

Rosskiye:


BULLSHIIT.

Every sane Nigerian knows the Buhari administration does NOT do ''90% looting" of any project.

If you have any example to disprove me, NAME IT NOW or forever shut your trap.

You must be mistaking this for the Jonathan administration.

helinues:


So $68bn Na just...

englishmart:
Nigeria borrows for just everything. We'll soon borrow to boost low-sperm-count

Gforce2015:


Will borrow to reach orgasms in the oza room

Lostz:
it is too much for a country that cannot afford to fund a $30b budget without borrowing

Jimi24:


Ordinary Lagos State would be able to fund $30bn annual budget if we do the right things. Nigerias fiscal problems are not just very temporary., they are a dangerous distraction if we focus too much on them.

It is as stupid as a man saying he won't borrow to send his kids to school because 80% of his salary will be spent on school fees. The consequences of that decision are out of proportion compared with the temporary discomfort.

For this particular issue, what the FG should do with the money is to set up assembly plants for bulldozers, tractors, ploughs, harrows, tillers, grain planters and tuber cultivation equipment. This is much better than using $1bn to buy equipment.

Blue3k:


Source: https://www.premiumtimesng.com/news/headlines/374241-nigerian-seeks-1-billion-loan-to-boost-mechanised-farming-minister.html

Lostz:
it will better spent on Dubai trip and extravagant lifestyle

Blue3k:
Mechanization is a major reason Nigerian farmers aren't productive. If you look at rice yeild outputs you'll notice Nigerians lag behind lots countries. I believed Nigeria should copy India's policy on farm mechanization by renting out farm equipment. I'd also like to know if these service centers are government run or private sector.



What do you think




Anyway I dont like the borrowing. The government has shown it doesn't take these debts seriously. The best example is the rail with subsidized ticket cost. I would like an alternative method for increasing Mechanization.