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Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU - Politics (3) - Nairaland

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Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Day169: 6:52am On Mar 11
Only?
.. these guys (EIU) seem heartless at times. angry
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Okpokpo09: 6:53am On Mar 11
Since Tinikpu has been borrowing we haven’t seen any good thing he made out of it rubbish

1 Like

Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Blazetrailer: 6:54am On Mar 11
jumper524:
that's where they want us, keep borrowing to hide our flaws then in the end, problem persist no matter how hard we find solutions.
tinubu is already resisting such people.
and to tell you the truth, subsidy is one thing derailing our economy for decades..
they inned us in a situation that whenever subsidy is removed, they devalue your currency and make you pay for same subsidy.
they want us as slaves forever.
IMF has been busted now this one that can't save UK economy is dishing advice.

Lol...that last line shows that you do not understand how things work.

Nigerian govt. can not resist borrowing. in fact, the main reason Tinubu is running from pillar to post to Arabian countries even when they don't want him is to seek for foreign loans/investments. NIGERIA IS ILLIQUID!!! The little money you see circulating in the economy is the ways and means(free currency printing) granted by Emefiele. No inflow is coming from Oil sale(the oil production for next 18 months have been used as futures/derivates). Whatever the govt is calling inflow from recent publications are portfolio investment that will have to be taken out of the country by their investors. This current government might have no other option than to turn to the ways and means that they have been badmouthing recently. The subsidy is back, even bigger that it was despite the government being hush about it. No foreign organisation wants to grant Nigerian loans because the feel the reforms were not well implemented.

2 Likes

Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Blazetrailer: 6:55am On Mar 11
Day169:
Only?
.. these guys (EIU) seem heartless at times. angry

...for calling out the truth?

2 Likes

Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Day169: 6:57am On Mar 11
Blazetrailer:


...for calling out the truth?
Perhaps.. undecided
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Blazetrailer: 6:59am On Mar 11
jumper524:
now I'm convinced Tinubu is doing the right thing.

lol...we shall see. Currently, the Nigerian govt is talking to the world bank for more loans and might have to turn to the ways and means(recently condemned by this current administration) to fund the budget. Or how else do you expect them to fund the budget?? with the subsidy back and growing much more than it was before it was "pronounced ended"

The govt will borrow, Watch out in the next few months and you will come back to appreciate their openness and honesty in telling you how bad things have grown

2 Likes

Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Greattha: 7:02am On Mar 11
Meaning... they must continue borrowing.

Meanwhile, some of the politicians have more than required to save the naira in accounts linked to them and their family members...even stored up in houses.



adenigga:


Source: https://punchng.com/Only-foreign-borrowing-can-save-naira-clear-CBN-debts-EIU
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Greattha: 7:06am On Mar 11
Let them continue deceiving themselves.

Meanwhile, they still haven't officially agreed that subsidy is back o.

It's just like when bubu said he was fighting corruption/kwarapsan. but the corruption in his government exceeded all the other governments put together since inception.

Blazetrailer:


lol...we shall see. Currently, the Nigerian govt is talking to the world bank for more loans and might have to turn to the ways and means(recently condemned by this current administration) to fund the budget. Or how else do you expect them to fund the budget?? with the subsidy back and growing much more than it was before it was "pronounced ended"

The govt will borrow, Watch out in the next few months and you will come back to appreciate their openness and honesty in telling you how bad things have grown

1 Like

Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by lanresord: 7:06am On Mar 11
Mr president should resign

1 Like

Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Omalicious1: 7:08am On Mar 11
adenigga:


Source: https://punchng.com/Only-foreign-borrowing-can-save-naira-clear-CBN-debts-EIU

EIU doesn't wish Nigeria well...why don't they advise Russia, China, UK and even Qatar to get foreign loans?
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by 79733139(m): 7:24am On Mar 11
malali:
I am not an expert, but i think we should look inwards and privatize some government assets.
And also seek debt forgiveness, we cannot keep borrowing and borrowing.
The interests rate around the world right now is crazy.
If you borrow money from anyone, you might as well pay back with slaves.
Which is technically what is happening now in the world, the western powers borrow us money that paying becomes difficult, Nigerians end up japa-ing as living conditions are tough in Nigeria.

Then when they get abroad the japa people are exploited. So technically theu are not coming to capture slaves in badagry, they are making the slaves come to them.

That's an interesting way of looking at it.
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by true2god: 7:33am On Mar 11
obedience4:


Nothing like slaves,
They are given you a genuine advice you are talking about slaves and masters
More European countries take loans more than African nations,
Big Nations like Japan, Germany, south Korea, once took bailout loans,
The problem with ours is that in stead of the loans be used for the economy some politicians loot it
Oh God! Have mercy.

1 Like

Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by smileyoo: 7:39am On Mar 11
borrowing to aid the quick recovery of our national economy is not a bad idea when you have responsible leadership that can punish corrupt attitudes of greedy leaders and make corruption un-attractive to them.
but with our type of present highly greedy and selfish leaders, this is not advisable because they can only borrow to loot and fund their luxurious lifestyles, while the nation degenerate as usual.
Why not cut down on cost of governance and let the political class make some sacrifices for the future good of the nation, by accepting the reduction of their salaries and huge remunerations ?
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by ambale(m): 7:39am On Mar 11
2mch:
Not true. But we are not ready for the hardship that comes with doing things the right way.

Do you guys even think hardship na child's play?

Most especially for business owners, things must not continue like this for the next 6 months sef

The president was unprepared for the position period..

No matter the crumbs they drop as palliative it wont even pass their gates before it's being shared totally.
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by dallyemmy: 7:41am On Mar 11
I think we need to ensure our Naira becomes an internationally recognised currency as well as enhance our seaports to enable export of raw materials and finished goods.

A borrower is a slave to a lender. International monetary system is designed to favour the West. We need to be weary of the type of agreements we go into to prevent a modern day slavery.
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by able20(m): 7:48am On Mar 11
limeta:
Buhari the dunce
Buhari is Tinubu's Mentor and coach
Tinubu is building on Buhari's legacy
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by bionixs: 7:58am On Mar 11
My people, someone should help confirm if Emefiele truly returned 4 trillion they alleged that he stole , as being speculated in our Estate platform by pro blind BATist . If it is true , won't putting into the economy make any difference. Economist in the house, howfar
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by TOPCRUISE(m): 8:05am On Mar 11
If Tinubu does not want to borrow he has to suffer the economy thereby making our situation more harsher
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by obedience4(m): 8:20am On Mar 11
malali:


If you take loans , what do you intend to use to pay back ? You are comparing Nigeria to Japan,Germany and Korea.....lol
These are all first world countries, Germany sells mercedes benz to the whole world
Japanese sells cars to the whole world
Korea also has over 100 billion dollars in export.

Nigeria cannot even employ 50% of its citizens and pay salary with the crude oil exports

My friend, we cannot afford to borrow money.


When Korea and Japan and Germany took loans were they first world countries?
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by obedience4(m): 8:22am On Mar 11
bobbybrown007:
did Argentina borrow?


Go and Google,
Argentina borrowed over 44 billion dollars from the IMF
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by lexy2014: 8:22am On Mar 11
jumper524:
now I'm convinced Tinubu is doing the right thing.

what is the right thing that Tinubu is doing?
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by lexy2014: 8:25am On Mar 11
jumper524:
those lads would use one body to advice you and use another body to condemn you.
they are disappointed Tinubu is already working Nigeria into a self sufficient financial country.

how is Tinubu achieving the highlighted?
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by darediamond(m): 8:30am On Mar 11
mytime24:
What happened to d already borrowed ones
Looted!!

1 Like

Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Major7: 8:37am On Mar 11
Zetty177x:


Na them go kpeme first






Tribalism has eaten deep into your brain,hence the malfunctions. Suffering knows no tribe dude wake up

1 Like

Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by malali: 8:37am On Mar 11
obedience4:



When Korea and Japan and Germany took loans were they first world countries?

Every mercedes benz you see in world, The owner has paid money to germanys economy.
Every japanese car you see in the world, The owner has paid money to japans economy.

If these people borrow money, they have the means to pay.

We are planning to borrow to pay back previous loans.....we dont make anything thats bringing revenue.

I hope you are able to understand me ?
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by tophempire: 8:41am On Mar 11
ALL THE STUPID INTERNATIONAL BODIES SAYING WE SHOULD BORROW HERE AND THERE ARE NO DOING IS GOOD AT ALL.

DEM WANT USE DEBT ENSLAVE US
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Honestey: 8:53am On Mar 11
"Only Foreign Borrowing Can Save Naira, Clear CBN Debts" How?
How can incurring debts clear a debt? This one sounds to me like another set of people wants to be the ones to hijack that debt servicing interests o.

1 Like

Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by frankyychiji(f): 8:55am On Mar 11
malali:
I am not an expert, but i think we should look inwards and privatize some government assets.
And also seek debt forgiveness, we cannot keep borrowing and borrowing.
The interests rate around the world right now is crazy.
If you borrow money from anyone, you might as well pay back with slaves.
Which is technically what is happening now in the world, the western powers borrow us money that paying becomes difficult, Nigerians end up japa-ing as living conditions are tough in Nigeria.

Then when they get abroad the japa people are exploited. So technically they are not coming to capture slaves in Badagry anymore but they are making the slaves come to them.
Nonsense!

Just trying to discourage people from leaving the shithole.

Didn't buhari borrow against future oil supply? There are many things to swap for the money if only corruption will allow those in authority do the right thing.
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by bejeria101(m): 8:56am On Mar 11
When you are inept and clueless.
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by bejeria101(m): 8:57am On Mar 11
I wonder o, clueless clowns

Honestey
post=128880550:
"Only Foreign Borrowing Can
Save Naira, Clear CBN Debts" How?
How can incurring debts clear a debt? This one sounds to me like another set of people wants to be the ones to hijack that debt servicing interests o.
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by soccerlite: 9:01am On Mar 11
obedience4:


Nothing like slaves,
They are given you a genuine advice you are talking about slaves and masters
More European countries take loans more than African nations,
Big Nations like Japan, Germany, south Korea, once took bailout loans,
The problem with ours is that in stead of the loans be used for the economy some politicians loot it

You have said it all

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