omenka:
They've started arriving again to criticise, insult, and state a billion reasons why the loan shouldn't be approved by the Senate.

These same people wept, wailed and whined endlessly on another thread over how their region was "left out" (even though it was just the usual we-are-being-marginalised lies they flood cyberspace with daily) of the regions where the critical infrastructures are to be sited.

I would embrace any lawful move taken by mr President to take us out of this economic doldrums occasioned largely by the wastefulness of corruption of the Ineffectual Buffoon.


#InBabaITrust.

#InNigeriaIBelieve.

modath:


Haters gonna hate!! It's their calling in life.

WriteBoy:
Using debt to finance infrastructure is a sound strategy world over; debt financing is not a bad thing. However, I am worried, very worried.

Nigeria has an unfortunate history of turning all things sound and prudent into disasters. Would this loan be any different? The people at the top want us all to believe that our institutions have become more transparent and accountable in the period starting from May 29th, 2015 owing to the the stern mien and righteous body odour (language) of Mr. President, every sane person, every right thinking Nigerian knows this not to be the case.

How faithfully would the borrowed funds--In the event the loan request is approved-- be appropriated? How much inflation would hit these contracts? How much of the funds would be judiciously applied? Is this a another case of vultures circling above at the sight of an impending meal?

I would have said: "let us wait, time would tell" but in cases of importance to national growth and prosperity, getting it wrong spells doom for my generation, the one after me and lots more.

We struggled real hard to come off the claws of the Paris Club. I remember how happy well meaning Nigerians were when that historic event happened. The general consensus was: "never again would we be so indebted" But now, it seems we are headily going back to the things we said never again to.

But there is a caveat: the Senate may refer the request to its Committee on Local and Foreign Debts, headed by Mallam Shehu Sani.

drss2:
personally i want senate to approve d $30 billion loan request for d dullard. why becos dis loan is d catalyst dat will speed up nigeria's disintegration through govt shut down. any body who tinks nigeria will survive additional $30 billion debt is decieving himself. as long as nigeria is still operating a feeding bottle system, dis loan will go down d drain cos diversification under dis system is just a mirage. no con3 in d world can diversify her economy with a feeding bottle system.
in d end, wat will happen is dat d cost of servicing d $30 billion loan in addition to others taking in d future by buari govt will increase at geometric progression, d naira will become more valueless, cost of governance will increase as nigeria's population increases, defence budget will increase due to rising terrorism, cost of infrastructure will also increase astronomically as govt will no longer be able to finance infrastructural development as d govt struggle to repay d loan. in fact, d cost of everytin will increase. dis n other factors will hamper nigeria's ability to increase her revenue inflow let alone servicing debts until d nigerian govt shut down.
nigerian govt will declare bankruptsy in 4 to 6 years as soon as d loan is approved.

989900D:


Do you know what the loan is for?

omenka:
They've started arriving again to criticise, insult, and state a billion reasons why the loan shouldn't be approved by the Senate.

These same people wept, wailed and whined endlessly on another thread over how their region was "left out" (even though it was just the usual we-are-being-marginalised lies they flood cyberspace with daily) of the regions where the critical infrastructures are to be sited.

I would embrace any lawful move taken by mr President to take us out of this economic doldrums occasioned largely by the wastefulness of corruption of the Ineffectual Buffoon.


#InBabaITrust.

#InNigeriaIBelieve.

omenka:
That one says "years of neglect by the FG" is responsible for the opposition of their region to just about every single action this this government takes. What a white lie!

Why wasnt there any such opposition under the era of the ineffectual buffoon or isnt his regime captured in the "years" he talks about? Where was their conscience back then?

The nonsense is simply because of two things:

1. Buhari defeated a candidate behind whom they threw 100% of their weight.

2. Religious bigotry made worse by the hate doctrine being promoted by iPod.

"Years of neglect" my brown eye- yet they called themselves "Ambassadors of Nigeria" (TAN).

Nonsense.

omenka:
They've started arriving again to criticise, insult, and state a billion reasons why the loan shouldn't be approved by the Senate.

These same people wept, wailed and whined endlessly on another thread over how their region was "left out" (even though it was just the usual we-are-being-marginalised lies they flood cyberspace with daily) of the regions where the critical infrastructures are to be sited.

I would embrace any lawful move taken by mr President to take us out of this economic doldrums occasioned largely by the wastefulness of corruption of the Ineffectual Buffoon.


#InBabaITrust.

#InNigeriaIBelieve.

omenka:
They've started arriving again to criticise, insult, and state a billion reasons why the loan shouldn't be approved by the Senate.

These same people wept, wailed and whined endlessly on another thread over how their region was "left out" (even though it was just the usual we-are-being-marginalised lies they flood cyberspace with daily) of the regions where the critical infrastructures are to be sited.

I would embrace any lawful move taken by mr President to take us out of this economic doldrums occasioned largely by the wastefulness of corruption of the Ineffectual Buffoon.


#InBabaITrust.

#InNigeriaIBelieve.

WriteBoy:


Cutting the East out of the loan is nothing but wickedness at best. All Nigerians should share in both the spoils and the responsibility. Do you mean we can pay tax but not enjoy amenities?

WriteBoy:


Cutting the East out of the loan is nothing but wickedness at best. All Nigerians should share in both the spoils and the responsibility. Do you mean we can pay tax but not enjoy amenities?

seunmsg:


You people should stop lying, all Nigerians will benefit from the projects that will be executed with the loan. The Manbilla hydro dam, Lagos-Calabar railway and Lagos-Kano railway will benefit all Nigerians equally.

The Lagos-calabar railway will pass through the commercial city of Aba in Abia state. There are other projects that will be executed with the loans that we are not even aware of as the details of the proposal is still unclear. You guys should stop crying wolf when none exist.

seunmsg:


You people should stop lying, all Nigerians will benefit from the projects that will be executed with the loan. The Manbilla hydro dam, Lagos-Calabar railway and Lagos-Kano railway will benefit all Nigerians equally.

The Lagos-calabar railway will pass through the commercial city of Aba in Abia state. There are other projects that will be executed with the loans that we are not even aware of as the details of the proposal is still unclear. You guys should stop crying wolf when none exist.

WriteBoy:
Using debt to finance infrastructure is a sound strategy world over; debt financing is not a bad thing. However, I am worried, very worried.

Nigeria has an unfortunate history of turning all things sound and prudent into disasters. Would this loan be any different? The people at the top want us all to believe that our institutions have become more transparent and accountable in the period starting from May 29th, 2015 owing to the the stern mien and righteous body odour (language) of Mr. President, every sane person, every right thinking Nigerian knows this not to be the case.

How faithfully would the borrowed funds--In the event the loan request is approved-- be appropriated? How much inflation would hit these contracts? How much of the funds would be judiciously applied? Is this a another case of vultures circling above at the sight of an impending meal?

I would have said: "let us wait, time would tell" but in cases of importance to national growth and prosperity, getting it wrong spells doom for my generation, the one after me and lots more.

We struggled real hard to come off the claws of the Paris Club. I remember how happy well meaning Nigerians were when that historic event happened. The general consensus was: "never again would we be so indebted" But now, it seems we are headily going back to the things we said never again to.

989900D:


I'd vote him for SP all day, everyday . . . people like him gives me hope of a better country someday, -- he is a realist, a true warrior of democracy, unlike others who came only to 'chop' after the hard work's been done.

Excuzeme:


[s]Mumu!

Did you read where Saraki said "I only cam to pray and decided to extend felicitations to the President"?
if you are sharp at all, you would have seen that Saraki went to "plead himself" with the President, to soft-pedal on his prosecution, using the passing of the loan Bill, as a bargaining chip.

Saraki is a crook but he is not different from the other criminals infesting the national Assembly.
Is it not the same Saraki that, early this year, bought about 50 SUV's, each valued at over #50Million Naira, for those Senators who will support him at the CCB trial?
Did you not read it? Is the Money not from the proceeds of Budget Padding in precious dispensation?

Abeg, siddon joor[/s]

drss2:
d problem is not d loan, nigeria's current system of monkey dey work, baboon dey chop is d problem. even $100 billion loan will not be enough becos d system of nigeria's federalism is structured in such a way dat infastructural n long term economic development is IMPOSSIBLE. all d moneys will go to waste.
as long as nigeria is operating feeding bottle federlism, dis loan is as good as useless.

seunmsg:


You people should stop lying, all Nigerians will benefit from the projects that will be executed with the loan. The Manbilla hydro dam, Lagos-Calabar railway and Lagos-Kano railway will benefit all Nigerians equally.

The Lagos-calabar railway will pass through the commercial city of Aba in Abia state. There are other projects that will be executed with the loans that we are not even aware of as the details of the proposal is still unclear. You guys should stop crying wolf when none exist.

omenka:
They've started arriving again to criticise, insult, and state a billion reasons why the loan shouldn't be approved by the Senate.

These same people wept, wailed and whined endlessly on another thread over how their region was "left out" (even though it was just the usual we-are-being-marginalised lies they flood cyberspace with daily) of the regions where the critical infrastructures are to be sited.

I would embrace any lawful move taken by mr President to take us out of this economic doldrums occasioned largely by the wastefulness of corruption of the Ineffectual Buffoon.


#InBabaITrust.

#InNigeriaIBelieve.