PassingShot:
Good development. It means money will now be available to complete important infrastructures that drive the economy.

Borrowing, as educated folks would know, is not the problem as long as it's used for infrastructures. Whereas PDP used to borrow for recurrent expenditures, this government has proved to be borrowing for capital/infrastructural development.

Na wao.. So you're saying they just realized that "they" needed the money at the 11th hour prior to 2019 elections?

Guy, you don't start borrowing few weeks before elections that you're not sure you'll win, what were you doing from day one?

In a sane country, new governments are evaluated after first 100days, cos its believed that it is ample time to prove your competence.

This money is not being borrowed in the interest of the country, its partly "election campaign" fund and a parting package in case they loose...

Not everyone is a fool ok?






To those already shouting blue murder, read the below to cure your ignorance:

This is how you make an analogy

US National Debt - $2.1 Trillion - Debt to GDP 76%
UK National Debt - $2.3 Trillion - Debt to GDP 89%
China National Debt - $4.3 Trillion - Debt to GDP 41%
Nigeria National Debt - $73 Billion - Debt to GDP 21%

Debt is not the issue. It's what you do with it that's the issue.
Question is - If debt is rightly invested in infrastructure (that creates Capital Formation) or human capital (that keeps people alive & develop their skills and mental capacity), we'll be ok. If truth be told, a large Percentage of our National Debt was looted by the previous governments.

The conversation we should be having concerning our National Debt is
- Is it sustainable?
- What is it invested on?
- How much would those investments add to the GDP?
- When should we expect these ROI?

This government is committed to infrastructural awakening and is well on the course to achieving this with a time frame in mind after which we begin to get our ROI fast

These are some of the key indices that bring about an economical rating and yes as it stands now, Nigeria is the best economy in africa all thanks to this present Government which remained unwavering in the face of recession and maneuvered the nation out of those murky waters to the place where Forbes could now rate us as they have done.

Kudos to PMB and PYO.

PassingShot:
Good development. It means money will now be available to complete important infrastructures that drive the economy.

Borrowing, as educated folks would know, is not the problem as long as it's used for infrastructures. Whereas PDP used to borrow for recurrent expenditures, this government has proved to be borrowing for capital/infrastructural development.


To those already shouting blue murder, read the below to cure your ignorance:

This is how you make an analogy

US National Debt - $2.1 Trillion - Debt to GDP 76%
UK National Debt - $2.3 Trillion - Debt to GDP 89%
China National Debt - $4.3 Trillion - Debt to GDP 41%
Nigeria National Debt - $73 Billion - Debt to GDP 21%

Debt is not the issue. It's what you do with it that's the issue.
Question is - If debt is rightly invested in infrastructure (that creates Capital Formation) or human capital (that keeps people alive & develop their skills and mental capacity), we'll be ok. If truth be told, a large Percentage of our National Debt was looted by the previous governments.

The conversation we should be having concerning our National Debt is
- Is it sustainable?
- What is it invested on?
- How much would those investments add to the GDP?
- When should we expect these ROI?

This government is committed to infrastructural awakening and is well on the course to achieving this with a time frame in mind after which we begin to get our ROI fast

These are some of the key indices that bring about an economical rating and yes as it stands now, Nigeria is the best economy in africa all thanks to this present Government which remained unwavering in the face of recession and maneuvered the nation out of those murky waters to the place where Forbes could now rate us as they have done.

Kudos to PMB and PYO.

Makawhizzy:

You can help us with the infrastructures built so far because last time I checked an old man claimed the infrastructures are too big for us to see them
Leave all those USA, UK, CHINA analysis. It’s a different ball game here in Nigeria where we award bloated inflated contracts worth times three of those countries you mentions yet we get less than a fourth of what they get

PataAlhaja:


See someone calling another "stupid". I swear, you no get sense!

It's obvious you are very dumb to know that that loan from China is not a direct cash-transfer loan but an ICT infrastructure loan. They execute the infrastructure for us through a Chinese ICT company (Huawei Technologies) and we pay them later.

The dumbness and laziness of some so-called graduates would perplex even a sloth!

SMH

PassingShot:
Good development. It means money will now be available to complete important infrastructures that drive the economy.

Borrowing, as educated folks would know, is not the problem as long as it's used for infrastructures. Whereas PDP used to borrow for recurrent expenditures, this government has proved to be borrowing for capital/infrastructural development.


To those already shouting blue murder, read the below to cure your ignorance:

This is how you make an analogy

US National Debt - $2.1 Trillion - Debt to GDP 76%
UK National Debt - $2.3 Trillion - Debt to GDP 89%
China National Debt - $4.3 Trillion - Debt to GDP 41%
Nigeria National Debt - $73 Billion - Debt to GDP 21%

Debt is not the issue. It's what you do with it that's the issue.
Question is - If debt is rightly invested in infrastructure (that creates Capital Formation) or human capital (that keeps people alive & develop their skills and mental capacity), we'll be ok. If truth be told, a large Percentage of our National Debt was looted by the previous governments.

The conversation we should be having concerning our National Debt is
- Is it sustainable?
- What is it invested on?
- How much would those investments add to the GDP?
- When should we expect these ROI?

This government is committed to infrastructural awakening and is well on the course to achieving this with a time frame in mind after which we begin to get our ROI fast

These are some of the key indices that bring about an economical rating and yes as it stands now, Nigeria is the best economy in africa all thanks to this present Government which remained unwavering in the face of recession and maneuvered the nation out of those murky waters to the place where Forbes could now rate us as they have done.

Kudos to PMB and PYO.

Reference:


No sir. It is your ability to repay that matters not essentially your GDP. Our GDP is almost wholy tied to one commodity and five IOC's. This danger is what makes the taking of loans incomparable to the others. Our risk is much, much more adverse. The best economic model involves increasing productivity. If America takes loans it is to finance America almost 90 percent, if Britain takes loans it is to finance British businesses, if China takes loans it is to build Chinese infrastructure by the Chinese. If Nigeria takes loans half of it remains abroad by giving it back to the Chinese, Germans, British and Americans to build infrastructure for us.

I repeat again. Infrastructure is the biggest scam in public finances. It is often shrouded in secret. Credit conditions are rarely in the public domain and efficiency are terribly low. It is common knowledge that our roads cost more than most places on earth, our airports are heavily overpriced, our dollar to megawatt power delivery ratio is meteoric. Stadiums, rail lines, seaports, all funded by loans cost more and yet account for huge capital flight. So how can you co oare tne effect of loans the developed world takes to what we disastrously take.

Any infrastructure that is not executed to the wholistic benefit of the country in creating jobs, stimulating businesses and establiahing skills and technology cannot profit the economy. If the Chinese want to invest in Nigeria they should BOT rail infrastructure. If the Germans want to invest in bridges and roads they should build and toll. If Hyundai Heavy wants to invest in seaports they should recoup from port charges. If GE wants to build power stations they should register as a GENCO. But if we are taking loans for infrastructure the monies should end up in the pockets of Nigerian engineers, wholly Nigerian companies and the weather beaten Nigerian labour force. Then it will have a real, positive impact on our GDP.

Freiden:
Loan upon loan.

When will Nigeria stop taking loans

PataAlhaja:


See someone calling another "stupid". I swear, you no get sense!

It's obvious you are very dumb to know that that loan from China is not a direct cash-transfer loan but an ICT infrastructure loan. They execute the infrastructure for us through a Chinese ICT company (Huawei Technologies) and we pay them later.

The dumbness and laziness of some so-called graduates would perplex even a sloth!

SMH