This news go create traffic for nairaland. Just watch.

[size=17pt]It is official!!! Buhari has islamized Nigeria[/size]

Scam Buhari

Hopefully

larion:

Funds for revenue generating projects....agreed

Mikehell:
Mr Lai said the nation is broke and the economy is bleeding........ so let the borrow borrow begin and continue

It is basic economics... You spend more in a recession and hold back in a boom.

Money pumped into infrastructural development will have a ripple effect on the economy.

***Sits down, spreads mat with a bucket of popcorn with bobo drink and watches NIGERIA ON CARTOON NETWORK....***

mrvitalis:
If the borrowed money is tied to a revenue generating project that can pay back the loan, fine by me but if it's those feel good projects no no no
For me the whole of that loan should go into power plants building (say 80%) then the rest used to found business proposal of graduates with there certificate as collateral (the certificate would be given back to the schools that issued them)
This is what we need to develop as a country

We need 360 vocational training centres in this country teaching people skills and how to make money with this skills, we don't have jobs yet Indians are doing jobs we can do
A 2 years vocational training in the most needed area like welding, road construction, structural construction, graphics design, printing machine operation, rig operation, snail farming, garri processing, fishing, industrial sowing etc This are what we need in this country

. I concour.

It will neva work in nigeria,this is the plan of Buhari to Islamatise this country.God will stop him very soon.we are not muslim and we can neva be.

simplynola:
Then the bonds will finally turn to bondage.

Islamic bonds don't work like that.
The Islamic insurance company redeem her money at face value while the money made(profit) by the principal,in this case fed govt will be shared btw the two parties.

Hope this helps

smartmoses:
It will neva work in nigeria,this is the plan of Buhari to Islamatise this country.God will stop him very soon.we are not muslim and we can neva be.

You just the opposite of your name. You ain't smart at all.

Speakdatruth:
give d wailers mic >>>> buhari want to islamize Nigeria

. Islamabond....the change u voted 4 I here GOD is watching!

Truly, Buhari is too confused to lead this nation

Dragonking:
[size=17pt]It is official!!! Buhari has islamized Nigeria[/size]

chrischukszy01:
. Islamabond....the change u voted 4 I here GOD is watching!

smartmoses:
It will neva work in nigeria,this is the plan of Buhari to Islamatise this country.God will stop him very soon.we are not muslim and we can neva be.

in 2014, the UK issued a Sukuk, is it a muslim country?

In 2015, Hong Kong issued a SuKuK, Is it a muslim country?

It is simple finance.

Sure that's his motive

Speakdatruth:
give d wailers mic >>>> buhari want to islamize Nigeria

What happened to all the recovered funds? I need answers.

Even if its pegan fundthe govt should go ahead so far the money d is not diverted like gej did.

It is well.

corruption is killing us indeed.
but one tin DAT amazed me is DAT,if dis Senate President own all dis properties n millions, what would tinubu,buhari, atiku,obj,ibb, jona, lizard of ubima own?
politics!!!!! same characters, same script same criminals

Let them do that. At least, it's interest free.

ochiq:
Sure that's his motive

wot do u know

chrischukszy01:
. Islamabond....the change u voted 4 I here GOD is watching!

ipob spotted

READ TERMS AND CONDITIONS OF SUKKUK? IT IS INTEREST FREE AND THAT BELONG TO ISLAM ALONE!
THAT'S WHAT YOU DON'T HAVE IN ANY OTHER RELIGION AND IF YOU PREFER INTEREST GO AND BORROW FROM IMF.
BUT BECAUSE SOME OF YOU ARE ILLITERATE AND YOU DONT WANT TO HEAR ANYTHING ABOUT ISLAM THAT'S WHY YOU ARE JOBLESS EVEN UK WISE THEY HAVE IBB ISLAMIC BANK OF BRITAIN.
PLEASE GO AND BORROW FROM YOUR BANKS AND AT THE END THE BANK WE COME AND SEIZE YOUR FATHER'S HOUSE FOR INTEREST.
ILLITERATE FELLOW!
YOU CAN'T COMPREHEND SIMPLE NON INTEREST BOND.
AND YOU SHOUTING NO WORK?
YOU WILL REMAIN LIKE THAT!
THAT'S WHY ISLAMIC WORLD ARE THE RICHEST TODAY RANGING FROM QATAR TO BRUNEI.

Make us less reliant on oil and more reliant on loans by paying Militants to destroy our oil industry - Nice one there

lifezone247:
Hmm, $10b but where the F is all those money dey recover from all the people you have been chasing up and down since una enter government? denziani return this or that, efcc recover so so billionth trillion from dasuki, where is all those money?

we have used it for foreign trips

Onlyonebuhari:
READ TERMS AND CONDITIONS OF SUKKUK? IT IS INTEREST FREE AND THAT BELONG TO ISLAM ALONE!
THAT'S WHAT YOU DON'T HAVE IN ANY OTHER RELIGION AND IF YOU PREFER INTEREST GO AND BORROW FROM IMF.
BUT BECAUSE SOME OF YOU ARE ILLITERATE AND YOU DONT WANT TO HEAR ANYTHING ABOUT ISLAM THAT'S WHY YOU ARE JOBLESS EVEN UK WISE THEY HAVE IBB ISLAMIC BANK OF BRITAIN.
PLEASE GO AND BORROW FROM YOUR BANKS AND AT THE END THE BANK WE COME AND SEIZE YOUR FATHER'S HOUSE FOR INTEREST.
ILLITERATE FELLOW!
YOU CAN'T COMPREHEND SIMPLE NON INTEREST BOND.
AND YOU SHOUTING NO WORK?
YOU WILL REMAIN LIKE THAT!
THAT'S WHY ISLAMIC WORLD ARE THE RICHEST TODAY RANGING FROM QATAR TO BRUNEI.

what then is their gain as a bank? Why do people prefer borrowing with interest if it is the way you explained it? I believe it goes beyond what you think.

Esseite:
So sukuk is available without interest and no string attached?... hmmm interesting.

Reasonable people then ask why the IMF and why did we go for china if we have sukuk?

Why has the world not opted for sukuk if its without string?

Well have been in support of this govt, but not blind support.

Nigerians deserve to know the conditions attached to obtaining this loan or whatever it's called. This is why people of different shades of religions were elected to represent us at different levels of governance in this country but we all know how far they've gone in representing their conveniences at the detriment of the masses. Those abusing and calling out others who feel the need to scrutinise motives of the workings of this government should do themselves the favor of sitting down. We are all in this country and except we chose to live in denial would we say there isn't regional proclivity to dominate others either polically or religiously. Everyone needs to watch out for his or her interest because patriotic nationalists have all gone extinct, not even one of the present set of leaders comes as close as a hundred miles to being one. We have mutual suspicion for one another and of course, you can't blame anyone. It is what we have learnt in our 102yrs of unnegotiated contraptual existence.

This Sukuk should be Certified by NASS. before action is taken.

And Islamic Bank for that matter.