Racoon:
The world Bank encourage poor third world countries to take stupid loans they don't need with constricting conditions attached to them, asked them to devalue their currencies especially when their GDPs are nothing to write home about.

But when shit hit the fan, then they begin look for who to blame. I blame the useless cap-in-hand beggey beggey leaders that always rush to these western imperialists thinking the meant them good when all they do is to choke then up with debts. Nonsense!

backbencher:


Well, if we removed subsidy, we would have [b][/b]more money in government coffers to spend.

Let's be honest. You won't like it if you were selling maize in the market, and government was the one setting your price, not you , and they were telling you to sell it at a price that would enable the poor to afford it.

At the end you would be losing a lot of money, and the subsidy government pays you won't be enough to cover losses.

So, you lose money, and the farmer loses money, the transporter and wholesaler lose money as well.

So, why do you want us to keep doing it for the oil sector? ESPECIALLY since years of chronic losses are why NNPC does not have refineries (the corruption and sabotage that damaged the refinereis is a byproduct of the losses).

Stop blaming the World Bank. It's time we removed subsidy. We are spending an increased amount this year on subsidy, because rising oil prices means that we don't have enough money to pay for other things...since all our money is going on subsidy and on debt servicng since oil prices until revently have been low.

Ray07:
More money to loot, pay those lazy ass senator and governor abi ?

The Nigeria government cannot be trust and held accountable. The money would rather end up in their stomach with spiritual projects on how the money was spent.

Racoon:
The world Bank encourage poor third world countries to take stupid loans they don't need with constricting conditions attached to them, asked them to devalue their currencies especially when their GDPs are nothing to write home about.

But when shit hit the fan, then they begin look for who to blame. I blame the useless cap-in-hand beggey beggey leaders that always rush to these western imperialists thinking the meant them good when all they do is to choke then up with debts. Nonsense!

Enyimbamercedes:
The best administration Nigeria has had in the last 23 years?

A team of technocrats in ministerial positions and the World bank can utter such nonsense!

Didn’t they see our pyramids of rice we built as a testament to our agricultural production prowess?

Didn’t they see the economic sense in us transporting the rice paddy to Abuja, building pyramids, commissioning it and now transporting it back to processing mills all around the country? Don’t they know this action will crash the price of rice!?

This administration has a great economic team and knows what it’s doing

World bank is PDP!

KingOfTheDamned:
[s][/s]

When they say go to school some of you won't listen.

Yes they encouraged steps but 3cpected your government to be sincere in curbing the impacts of these removals. They gave you loans in blioms of dollars and expected your government to build refineries , open food markets subsidized by the government so prices are low..secure farmers and farms etc

But your government choose to be corrupt useless and insincere this is the result

Racoon:
The world Bank encourage poor third world countries to take stupid loans they don't need with constricting conditions attached to them, asked them to devalue their currencies especially when their GDPs are nothing to write home about.

But when shit hit the fan, then they begin look for who to blame. I blame the useless cap-in-hand beggey beggey leaders that always rush to these western imperialists thinking the meant them good when all they do is to choke then up with debts. Nonsense!

Racoon:
The world Bank encourage poor third world countries to take stupid loans they don't need with constricting conditions attached to them, asked them to devalue their currencies especially when their GDPs are nothing to write home about.

But when shit hit the fan, then they begin look for who to blame. I blame the useless cap-in-hand beggey beggey leaders that always rush to these western imperialists thinking the meant them good when all they do is to choke then up with debts. Nonsense!

Blehssing:
God help us in this country

wiseoneking:
keep quiet and blame this stupid government of Buhari. Which loan are they encouraging to take. Is it not this government that even China has refused to give more loan to because they felt it is too much already, and Nigerian government started rushing to Europe and Asians countries. You guys should learn how to blame the right people. Listen, is even better getting from world Bank than from China etal because the consequences of the later could cripple your county faster than expected.

samwillyco1:
World Bank are evil, they were the one that contributed to NIGERIAN problem

Macphenson:
Buhari is a calamity.

Some people went and brought back a vegetable to come and pilot the affairs of over 200 million people, today everybody is feeling the brunt of that foolishness.

CSTRR:
Go to Twitter and see how some Nigerians are playing politics of bigotry against Peter obi.

Someone that they need desperately.

Urchman200:
Buhari smartness brought Emefele.

samwillyco1:
World Bank are evil, they were the one that contributed to NIGERIAN problem

backbencher:


Well, many African countries take loans because the source of our revenue is one...cash crop,mineral or oil.

And usually, the price of that cash crop, mineral or oil is always not at a point that can sustain us.

Zambia had a windfall from high copper prices for several years some ten years ago, then it came to an end when copper crashed.

To keep from starving..loans have to be taken.No need for us to beg world bank.

World bank even wants us to stop taking loans, but since their ideas means 'hardship' (they want Nigeria to remove subsides, and also raise more money in tax revenue, for example)...governments would rather take loans

sulaak:


There lies the problem with democracy, there is no room for long term planning.

Decisions are based on the outcome of the next election. Nigeria should remove oil subsidies and invest the saving in repairing the old refineries and building new ones, then list the refineries on the Nigeria stock exchange with Nigeria as a minority partner similar to the NLNG structure.

backbencher:


Will Peter Obi remove subsidies on petrol and power and raise the revenue we earn from taxes?...so that we can have more revenue from crude oil and a better dollar, and more jobs and such like?

Yes, he won't.

(Won't be voting for Tinubu, and Saraki and company for the same reasons. Moghalu, yes, because he is the one most likely to do both).

Pity about the bigots.

DMerciful:
Nigerians are waiting for Bubu's tenure to expire!

We can't do anything now!

nedekid:

Let's learn to take responsibility for our actions and stop blaming others.
How did world bank contribute to Nigeria's problems? No be Nigeria go meet them to collect moni?
You go take sokoloan come complain say the loan company cause your problem.

blackpanda:
Smh

The real problem is that we always listen to what these big liars say. Are they not the ones that encourage deregulation, removal of subsidy and devaluation of naira. Still the same people that blame govt for following their advise. Useless scammers!

Well the succeed in their lies because most Nigerians are too dumb to critically think for themselves. Most of us are just simple minded and empty skull

samwillyco1:


They are always deceiving NIGERIA by dishing out bad advice to us, and turn around to join hand and blame them

Urchman200:
Buhari smartness brought Emefele.