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Nairaland Forum / Nairaland / General / Politics / Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU (14593 Views)
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Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by adenigga(m): 5:22am On Mar 11 |
International business research firm, Economist Intelligence Unit, has said that the Central Bank of Nigeria does not have the liquidity to support the naira as of now.Source: https://punchng.com/Only-foreign-borrowing-can-save-naira-clear-CBN-debts-EIU 3 Likes 1 Share
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Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by limeta(f): 5:27am On Mar 11 |
Buhari the dunce 13 Likes 1 Share |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by DatNiggaDaz: 5:28am On Mar 11 |
Oya Tinubu carry your bambiala plate go beg for loans. Thiose who looked the other way while you snatched, grabbed and ran away with Nigeria's mandate have told you what to do. If you don't go & ask for more loans, they will expose you as a fake graduate from Chicago 85 Likes 7 Shares |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by IsrealiIDF1: 5:36am On Mar 11 |
Open the flood Gates of borrowing The cocaine sniffer needs cash to buy products 50 Likes 4 Shares |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by mytime24(f): 5:38am On Mar 11 |
What happened to d already borrowed ones 29 Likes 2 Shares |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Praying4Nigeria: 5:39am On Mar 11 |
Vuj |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by 2mch(m): 5:41am On Mar 11 |
Not true. But we are not ready for the hardship that comes with doing things the right way. 14 Likes 2 Shares |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by nairalee(m): 5:42am On Mar 11 |
Na lie. Nigeria has defied most economic theories. Most policies that worked in other countries have failed woefully in Nigeria because we have very selfish and greedy people that benefits from the decay we're currently facing 42 Likes 3 Shares |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by CyberWolf: 5:42am On Mar 11 |
Nonsense. 1 Like |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by magoo10(m): 5:43am On Mar 11 |
They know the grab and run president is lazy and an olodo , this is the only option they have for him if not they would have suggested more productive ways . More like a death trap because the loans will be misused and squandered by the lagos agbero. 31 Likes 2 Shares |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by femijamz: 5:43am On Mar 11 |
Nazo we go dey borrow till we put our next generation in to a big debt 8 Likes |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by malali: 5:44am On Mar 11 |
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. 41 Likes 2 Shares
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Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Chibuzoripob: 5:45am On Mar 11 |
2 Likes |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Elvis2kay: 5:45am On Mar 11 |
We no dey borrow shishi. 1 Like |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Blackfire(m): 5:46am On Mar 11 |
More like remove the rope from the slaves and exchange it for heavy chain Slavery never left, it only change face 17 Likes |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by sammyj: 5:46am On Mar 11 |
Borrow more and turn the country into Venezuela. These foreign interests will not stop at anything .....!!! Na Tinubu sabi wetin concern me . 5 Likes |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by BitterTruth01: 5:47am On Mar 11 |
Okay So an increase in production and security will not save naira but borrowing will From the Agbado school of business, Ronu economics and strategy — March 2024 11 Likes 1 Share |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by bewla(m): 5:47am On Mar 11 |
Them done start |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by diesel86: 5:47am On Mar 11 |
When English plenty like this, it is becoming obvious that this people do not have any idea what they are doing .... any positive and forward thinking government has a clear Vision from the get go and follow it through no Matter what. But this particular one is playing us Roullette 1 Like |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Inspirer1: 5:48am On Mar 11 |
Not banning of some stuffs.... 1 Like |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Kingrshd3: 5:48am On Mar 11 |
B |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Urgent1Million: 5:48am On Mar 11 |
Let them go and borrow to loot. 1 Like |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by obedience4(m): 5:50am On Mar 11 |
malali: 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 10 Likes 1 Share |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by OKUCHI11(m): 5:52am On Mar 11 |
... this topic reminds me of. DEBT DEPENDENCY IN SOCIOLOGY OF DEVELOPMENT 2 Likes 1 Share |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Beverlyjean(f): 5:54am On Mar 11 |
These westerners want to finish this country.... they encourage corruption for their own benefits 3 Likes |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by bobbybrown007: 5:55am On Mar 11 |
obedience4:did Argentina borrow? 1 Like |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Lanre1st(m): 5:55am On Mar 11 |
Onigbese |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by Forkthiefnubu: 5:56am On Mar 11 |
Anybody that loans Nigeria any money will lose his money , when we start the real task of building this nation all this paddy paddy loans , all this chop the money it is our brother loan and whatever spent on drugs and yachts and 3rd rate Yoruba movie stars will be repudiated 2 Likes |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by malali: 5:56am On Mar 11 |
obedience4: 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. 18 Likes 2 Shares |
Re: Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU by nedekid: 5:57am On Mar 11 |
As a layman in economics, I think we should put a moratorium on all new projects for the next 2 years, heavily cut down on government spending. You cannot have low income, borrowing money, then building bridges and roads etc. That may be a recipe for desaster. Sinking deeper into debt. Look at it like our guys on this forum and loan shark sokoloan. You are broke, you take sokoloan with no means of payback. You then use the money to buy phone, inststead of turning it over several times in your existing business then using the gain to buy the phone. One of the ex presidential candidates did that in his state. A state in debt, cut down expenses, turned the accounts from red to green and then left huge cash in the account for his successor to continue, with the intention that he will sustain the momentum, spending in a sustainable way out of saved amount. But what will Nigerians say, he did nothing, no new road no this no that. How do you spend on infrastructure through borrowing? Will you be in debt and then take loans to buy new car, build new house, or rather use the money to revive your business and when it makes profit, use the profit to build the house and buy the cars? 22 Likes 1 Share |
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