Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,162,005 members, 7,849,060 topics. Date: Monday, 03 June 2024 at 02:02 PM

Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF (10282 Views)

Utomi: Loans Nigeria Taking To Shore Up Naira Are ‘meaningless’ Arise Exclusives / World Bank Loans Nigeria $700m For Water Supply, FG Blames States / Buhari Loans: Nigeria Is Now On The Auction Market - PDP (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by samdunzo: 5:28pm On Feb 08, 2021
thebosstrevor1:
lack of economy activities from the masses are the cause of the downturn of the Nigerian economy

MOST NIGERIANS ARE UNPRODUCTIVE, THEY ARE ONLY PRODUCTIVE IN COMPLAINING AND ABUSE

The government cannot be absolved from blame as well... no electricity, bad roads, and insecurity aren't recipes for economic success

2 Likes

Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by Powersurge: 5:32pm On Feb 08, 2021
Money wey dey their pockets.
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by lexy2014: 5:35pm On Feb 08, 2021
thebosstrevor1:
lack of economy activities from the masses are the cause of the downturn of the Nigerian economy

MOST NIGERIANS ARE UNPRODUCTIVE, THEY ARE ONLY PRODUCTIVE IN COMPLAINING AND ABUSE

Ok. So what are d "economy" activities that d masses didn't carry out that caused d downturn of d nigerian economy?

Since u say "nigerians are unproductive" except u aren't a Nigerian, can u intimate us on how productive u are?

3 Likes

Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by lamentor78(m): 5:37pm On Feb 08, 2021
Lai Mohammed will soon slap IMF
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by galantjoe(m): 5:40pm On Feb 08, 2021
Designsking:
Human capital, not money is our core problem.

You don't start a Business with Billions, you start small with the Big Picture in mind to help you put your Leadership capacity to test first before investing Big. No matter how much money at your disposal

And Nigeria has failed to realize money is not her problem, but lack of idea. It seems most of our Leaders are creative only when it comes to looting than Human capital development. Which is the number was Demon we are fighting with after lack of will

You re very correct.
Our problem is not about money but right combination of human capital.

During Goodluck tenure we re crying of corruption but every economic indices are good. Our GDP exceeded south Africa, yet his tenure was mired with corruption.

However, Buhari tenure is, worst, unemployment, corruption, high cost of living, forex volatility, contraction of GDP.

We re bleeped. We need messiah. We need a president that can mix right set of people like Goodluck did to achieve best governance.

1 Like

Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by TemmyT002(m): 5:40pm On Feb 08, 2021
Buhari's supporters, come ó.
Who will you blame this time?
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by Mydazz(m): 5:42pm On Feb 08, 2021
Buharinomist will soon make a press statement on how IMF is always biased in its analysis of Nigerian economy. Any improvement in the economy that doesn't reflect in the daily living of the man on the street is not an improvement at all
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by CodeTemplar: 5:42pm On Feb 08, 2021
Lol... borrow n share.
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by BruncleZuma: 5:45pm On Feb 08, 2021
Nah eem dem ban Crypto

grin grin grin grin

1 Like

Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by MISSCONGENIALITY(f): 5:45pm On Feb 08, 2021
inoki247:
Nigeria Loan mata be like person wey go colet Lapo instead make he use am boost him business he use am go dey buy food stuff for house dey embezzle am...
Abi person wey collect lapo laon use am go do birthday for babe grin cheesy
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by BruncleZuma: 5:46pm On Feb 08, 2021
MISSCONGENIALITY:
Abi person wey collect lapo laon use am go do birthday for babe grin cheesy

grin grin grin grin

Olympic Sized Loverman nah eem the loan collector be...
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by Ghostmode2two(m): 5:51pm On Feb 08, 2021
The mumu CBN will put the blame on cryptocurrency

1 Like

Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by HeraldAgric01(m): 5:52pm On Feb 08, 2021
It baffles me how people arrive at the conclusion such as the bolded part of this comment. For your information Nigerians are hardworking and industrious. However what can you single handedly achieve in short period of time when the system is working against you.
As an agric person,for example, a farmers life is nothing close to inspirational in this country. After laboring to grow , cows will come and destroy the farm, if he sails through he will get exploited by bottle-necks in the market, just to mention a few. Even a Nigerian without a skill will dig pit, dig well, hawk fmcg, etc .
Shall we begin to appreciate ourselves and stop these disparaging comments.
I weak o!


quote author=thebosstrevor1 post=98872898] lack of economy activities from the masses are the cause of the downturn of the Nigerian economy

MOST NIGERIANS ARE UNPRODUCTIVE, THEY ARE ONLY PRODUCTIVE IN COMPLAINING AND ABUSE[/quote]
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by Nobody: 5:53pm On Feb 08, 2021
Nigeria is dead under buhari government, what more do you expect from a cattle rearer na
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by Nobody: 5:54pm On Feb 08, 2021
MISSCONGENIALITY:
Abi person wey collect lapo laon use am go do birthday for babe grin cheesy
Have your boyfriend done that for you? cry
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by bizzibodi(m): 5:55pm On Feb 08, 2021
We warned IMF not to give them loans.

2 Likes

Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by Zanotty(m): 5:58pm On Feb 08, 2021
For this country we just too like oppression.we put too energy on irrelevant things forgetting wats important
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by Cti28(m): 6:07pm On Feb 08, 2021

It, however, commended government for acting swiftly to adopt a pandemic-related support package equivalent to 0.3 per cent of GDP in the 2020 revised federal budget despite limited fiscal space.


Which pandemic-related support package are they been commended for? Is it the #30,000 grant or the relief package?
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by xrayj(m): 6:08pm On Feb 08, 2021
Houseofglam7:
undecided
Lol
I thought u have changed?
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by Houseofglam7(f): 6:13pm On Feb 08, 2021
xrayj:

Lol
I thought u have changed?
No sweetie.....still the chicken bone in your throat grin
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by samwillyco1(m): 6:14pm On Feb 08, 2021
The loan they took and shared among themselves

1 Like

Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by criuze(m): 6:24pm On Feb 08, 2021
well it feels good being a cow
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by slevan: 6:35pm On Feb 08, 2021
You wan end your life because of N65,000 when your creditors are praying that you stay alive and fulfil their wish.

280Bracket:
No thanks to Buhari/APC

Meanwhile, I'm tempted to end my life because of debt of N65,000. It may not be a big sum but if you don't have, it means you don't have. I'm depressed and suicidal. Who can help please?
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by boladale123: 6:36pm On Feb 08, 2021
280Bracket:
No thanks to Buhari/APC

Meanwhile, I'm tempted to end my life because of debt of N65,000. It may not be a big sum but if you don't have, it means you don't have. I'm depressed and suicidal. Who can help please?

You are asking people with bad financials to help you, oga ,all of us dey manage ni.
Manage for now ,all shall be well , suicide move isn't the best. Try to be calming down!!
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by Emyogalanya: 6:37pm On Feb 08, 2021
280Bracket:
No thanks to Buhari/APC

Meanwhile, I'm tempted to end my life because of debt of N65,000. It may not be a big sum but if you don't have, it means you don't have. I'm depressed and suicidal. Who can help please?
When are you planning to end it ? Pls when you have fixed a date and venue pls make it public so people can come with their phone to record and share it online and wish you farewell too
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by Nobody: 6:41pm On Feb 08, 2021
280Bracket:
No thanks to Buhari/APC

Meanwhile, I'm tempted to end my life because of debt of N65,000. It may not be a big sum but if you don't have, it means you don't have. I'm depressed and suicidal. Who can help please?

Did you collect from sokoloan?
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by Dollanaira: 6:42pm On Feb 08, 2021
Everything about nigeria is bad
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by 280Bracket: 6:43pm On Feb 08, 2021
Icumsa45:


Did you collect from sokoloan?

From someone.
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by Randy111(m): 6:44pm On Feb 08, 2021
Zombies will just read this and pass. They be forming too tired to comment.

1 Like

Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by chozzy: 6:54pm On Feb 08, 2021
Terrible
Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by kayjay69(m): 7:10pm On Feb 08, 2021
IMF, if you so please you can give Nigeria $350 trillion.

I can assure you there will still be no tangible infrastructure and stable economy to show for it.

Nigeria, as it is presently constituted and as it was intended from the start, is a failed state. I wonder why the IMF is marvelling at this revelation. Perhaps if we were allowed to separate the chaff from the wheat by way of splitting the country, everyone would be less fixated on oil money, people would really use their brains to think and there would be judicious use of public resources.

But no, we are left to contend with corrupt politicians who relocate these borrowed funds to foreign accounts whilst using the mass populace as collateral.

3 Likes

Re: Despite Loans, Nigeria’s Socio-Economic Conditions Deteriorated ― IMF by doxijaw: 7:20pm On Feb 08, 2021
Designsking:
Human capital, not money is our core problem.

You don't start a Business with Billions, you start small with the Big Picture in mind to help you put your Leadership capacity to test first before investing Big. No matter how much money at your disposal

And Nigeria has failed to realize money is not her problem, but lack of idea. It seems most of our Leaders are creative only when it comes to looting than Human capital development. Which is the number was Demon we are fighting with after lack of will

Genius!

1 Like

(1) (2) (3) (Reply)

Osuntokun, LP Presidential Campaign DG, Listed As Ekiti ZLP Senatorial Candidate / Sagay: Obasanjo Is A Hypocrite, He Should Stop Meddling In Election Matters / Advantages Of Being A Nigerian

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 37
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.