iammo:


The Irony is that the ones who talk like preprogramed PDP attack robots without iota of reasoning are the first to cal someone zombie

anyways to serious talks; Debt isnt bad if it is a finance option for an economically viable project like infrastructure or technogy development.

Nigeria's Debt profile is very healthy our Debt to GDP rate is 21.30%, Japan has a debt to GDP ratio of 235.96%, Greece has 191.27% , United States has 108.02% while China has 51.21% , Germany has 59.81% what this simply means is that serious countries that wants to grow after finance its critical infrastructure on longterm loan of 20 to 30 years so that we can slowly pay back through taxes , train fare, and toll gating

-----Africas debt list--------

1: South Africa - $143 Billion.
2:Angola - $37.7 Billion.
3:Ethiopia - $22.5 Billion.
4:Kenya - $22.2 Billion.
5:Ghana – $21.2 Billion.
6:Nigeria - $18.91 billion.
7:Tanzania – $15.9 Billion.

What development has our debt brought?
and do you really think its in our best interest for the military to take a loan?

Army and bubu using terrorism to siphon fund.....

Another scam. BURATAI!!!! Encourage local industries. Inosson is there. Nissan too . Let arm focus on fighting and securing our boarders and country. Loan my arse.

iammo:


Nigeria's Debt profile is very healthy our Debt to GDP rate is 21.30%, Japan has a debt to GDP ratio of 235.96%, Greece has 191.27% , United States has 108.02% while China has 51.21% , Germany has 59.81%

Zombie you forgot to add that most of those debts especially US' are held by their citizens and inter-dept'al debts.

It simply means, payment would be retained within their economy. Most of those countries borrowed to mop up excess liquidity from their citizens unlike Nigeria that borrows externally for recurrent purposes.

You also forgot to mention that all those country are heavily export driven unlike Nigeria that imports virtually everything. Those countries won't have problem raising enough FX to offset their external debt without mounting pressures on the foreign sector.

For us, servicing our debt will mount pressure on our foreign sector and this would likely mount inflationary pressure because of limited FX.

The one innoson is making locally is not enough e kwa?

erico2k2:

What development has our debt brought?
and do you really think its in our best interest for the military to take a loan?

Well i will speak on the aspect of the loans i know of, which are: $500m airport rehabilitation of Enugu,Lagos,Kano,Abuja,Portharcout. Abuja and PH have been delivered, ... China/Nexim bank loan; Abuja-kaduna, Abuja metro, Itape-Warri (critical for ajaokuta to get coal from warri port) Lagos-Ibadan-Abeokuta standard guage, Counterpart funding of 2nd Niger bridge PPP construction.. out of the ones
i can remember.


A major part of our national defense budget goes into buying opreational vehicles, if this 1billion is used to set up their own vehicle plants.. it would save us cost in the long run.





.

Naijaguy123:
I hope the money get spent into right project. This are better army generals compare with the indomie ones that serve Jonathan during his tenure.

I thought Proforce and other local armored vehicles are still in business

Must they produce

See News ooo....I don't believe this man...abeg please help me visit So Fresh Neighbourhood in Ogudu....https://www.nairaland.com/5158831/fresh-neighbourhood-now-live-ogudu

ChristianNorth:

Zombie you forgot to add that most of those debts especially US' are held by their citizens and inter-dept'al debts.

It simply means, payment would be retained within their economy. Most of those countries borrowed to mop up excess liquidity from their citizens unlike Nigeria that borrows externally for recurrent purposes.

You also forgot to mention that all those country are heavily export driven unlike Nigeria that imports virtually everything. Those countries won't have problem raising enough FX to offset their external debt without mounting pressures on the foreign sector.

For us, servicing our debt will mount pressure on our foreign sector and this would likely mount inflationary pressure because of limited FX.

Wow a PDP piglet with actual brain...

Any ways
As of October 2018, foreigners owned $6.2 trillion of U.S. debt, or approximately 39 percent of the debt held by the public of $16.1 trillion and 28 percent of the total debt of $21.8 trillion.

The U.S. debt to China Alone is $1.13 trillion as of February 2019. So don't try to sweet talk the fact that US is the country with the Highest foreign debt in the world.

APC/Buhari are spending on Economic viable projects that can easily recoup the loan, good infrastructure simply means more people would spend locally on local made goods, since there would be electricity for production and train for cheaper logistics, this simply means that less pressure on our forex as demand for foreign goods would greatly reduce.

Naijaguy123:
I hope the money get spent into right project. This are better army generals compare with the indomie ones that serve Jonathan during his tenure.

they will manufacture humans not just amour. abeg, they should go into agriculture. taking Loan up and down

Its a shame that after 4 years under a Rtd Gen, someone once aclaimed to have ended the Matasie movement, the country is still spending trillions on insurgency.

Fellow Nigerians, Insurgency and its effects (IDP camps) is a white elephant project for those in power.
#ifyouknow, you know

iammo:


Nigeria's Debt profile is very healthy our Debt to GDP rate is 21.30%, Japan has a debt to GDP ratio of 235.96%, Greece has 191.27% , United States has 108.02% while China has 51.21% , Germany has 59.81% what this simply means is that serious countries that wants to grow after finance its critical infrastructure on longterm loan of 20 to 30 years so that we can slowly pay back through taxes , train fare, and toll gating

-----Africas debt list--------

1: South Africa - $143 Billion.
2:Angola - $37.7 Billion.
3:Ethiopia - $22.5 Billion.
4:Kenya - $22.2 Billion.
5:Ghana – $21.2 Billion.
6:Nigeria - $18.91 billion.
7:Tanzania – $15.9 Billion.

You are truly a zombie.
What does Nigeria produce to compete with the countries in bold?
You didn't even know that Greece is not a good example as it is bankrupt.

Retirement benefit loading..

Nigerians, a peculiar people!!!

Surprisingly the 1 Billion naira is being sourced from revenues of money making subsidiaries that the Nigerian Army owns.

Monies that used to be stolen in the past.

KidsNEXTdoor:


By the time Buhari APc Burutai and zombies finish with the country....
Next generation will never come out of their debt....

Zombies are eager to bankrupt And wreck the country

If u carefully read through you'll observe that they are not taking and external loan. In the banking industry, we call it cash back. This is a case where you borrow money from your self (ur own savings) to repay it with an interest.

Tukur Buratai, needs another house in Dubai.

iammo:


Well i will speak on the aspect of the loans i know of, which are: $500m airport rehabilitation of Enugu,Lagos,Kano,Abuja,Portharcout. Abuja and PH have been delivered, ... China/Nexim bank loan; Abuja-kaduna, Abuja metro, Itape-Warri (critical for ajaokuta to get coal from warri port) Lagos-Ibadan-Abeokuta standard guage, Counterpart funding of 2nd Niger bridge PPP construction.. out of the ones
i can remember.


A major part of our national defense budget goes into buying opreational vehicles, if this 1billion is used to set up their own vehicle plants.. it would save us cost in the long run.





.

How can we set up our own plant? what do we manufacture as a nation?
we are still going to import all the parts, should that not be left with the people already in that business to do?
The British and American Govt do not have any company manufacturing arms for them rather they buy from private companies ie BAE systems.

Naijaguy123:
I hope the money get spent into right project. This are better army generals compare with the indomie ones that serve Jonathan during his tenure.

u are talking shit...keep shut!!!....pls where is the $1bn buhari took for arm purchase prior to election

Hmmm....which army in the world makes vehicles for itself? Why don't they start with guns? These guys need to be shot.

Naijaguy123:
I hope the money get spent into right project. This are better army generals compare with the indomie ones that serve Jonathan during his tenure.

are you sure? Cos judging with the things I seen and things on ground, I think it statement will be better if it is reverse way.

iammo:


The Irony is that the ones who talk like preprogramed PDP attack robots without iota of reasoning are the first to cal someone zombie

anyways to serious talks; Debt isnt bad if it is a finance option for an economically viable project like infrastructure or technogy development.

Nigeria's Debt profile is very healthy our Debt to GDP rate is 21.30%, Japan has a debt to GDP ratio of 235.96%, Greece has 191.27% , United States has 108.02% while China has 51.21% , Germany has 59.81% what this simply means is that serious countries that wants to grow after finance its critical infrastructure on longterm loan of 20 to 30 years so that we can slowly pay back through taxes , train fare, and toll gating

-----Africas debt list--------

1: South Africa - $143 Billion.
2:Angola - $37.7 Billion.
3:Ethiopia - $22.5 Billion.
4:Kenya - $22.2 Billion.
5:Ghana – $21.2 Billion.
6:Nigeria - $18.91 billion.
7:Tanzania – $15.9 Billion.

Stupidity on displace
See your life ! It is not how u owning ?but your rate of borrowing!
Nigeria borrow to fund budget

I never new Army can also take loans.

MondayOsunbor:

Stupidity on displace
See your life ! It is not how u owning ? but your rate of borrowing!
Nigeria borrow to fund budget

Arent you a Dunce if all you can get from my write up is that..?

A fool who doesnt know the difference between display and displace, or owing and owning wants to talk about Finance... such dummy.

Xisnin:


You are truly a zombie.
What does Nigeria produce to compete with the countries in bold?
You didn't even know that Greece is not a good example as it is bankrupt.

If not foolishness you would understand i am not saying we are competing, just letting Dunce like you know Nigerias Credit score and capacity to borrow in ratio to our Oil backed GDP is 24% compared to others....

If we borrow to fix refineries, Power plants, Dams, Railways, Ajaokuta steel plant, etc we can recoup the money back within a decade as we have the population to work . But you negative thinkers who dont know how credit system works in civilised countries comment blindly

ChristianNorth:

Zombie you forgot to add that most of those debts especially US' are held by their citizens and inter-dept'al debts.

It simply means, payment would be retained within their economy. Most of those countries borrowed to mop up excess liquidity from their citizens unlike Nigeria that borrows externally for recurrent purposes.

You also forgot to mention that all those country are heavily export driven unlike Nigeria that imports virtually everything. Those countries won't have problem raising enough FX to offset their external debt without mounting pressures on the foreign sector.

For us, servicing our debt will mount pressure on our foreign sector and this would likely mount inflationary pressure because of limited FX.

Keep on educating the zombies but i doubt if they will learn

Be like Buruntashi wan buy another mansion¿...

Army should chillax jare, Pensioners go need that money.

After heavy input, we no dey see result.

AutoJoshNG:




Tukur Buratai who is Chief of Army Staff said the Nigerian Army needs N1billion to boost capacity of its vehicle manufacturing company to produce more combat vehicles, which will help to counter terrorists and other insurgents.

In the closing ceremony of the Nigerian Army Combat Arms Training Week on Saturday, Mr. Buratai revealed that the Army would take a loan from its “number of investments that have been generating huge amounts of money”, for the purpose.

“The innovations by the Nigerian Army in the areas of equipment production, localizing and bringing back vehicles and equipment that are hitherto abandoned, is another major achievement that we recorded,” he said.

“You have been promised by the Group Managing Director of NAVMC that in the next three to four months, we should have brand new vehicles originally produced by the Nigerian Army for use in the Army and the general public that may find it useful, especially the paramilitary agencies. This, we believe, will transform the Nigerian Army and Nigerian industrial companies when we start mass production.

“We are already sourcing the sum of N1billion to support the Nigerian Army Vehicle Manufacturing Company. We a have a number of investments in the Army that have been generating huge amounts of money and we will take a loan from there to support Nigerian Army Vehicle Manufacturing Company to realize our dream of producing indigenous armoured fighting vehicles and to continue to maintain our existing equipment.”

“The Nigerian Army and Police have helped to keep Nigeria and Kaduna safe,” he said. “They have helped in combating terrorism, armed banditry, kidnapping and other forms of insecurity.”


SOURCE: https://autojosh.com/nigerian-army-loan-local-vehicles/

^^^^^^^
^^^^^^^
^^^^^^^
Proforce Defence Limited in Ogun State which was founded by
Adetokunbo Ogundeyin can do this manufacturing for them. Proforce
has supplied the Nigerian Military with several APCs and Anti Tank mine
vehicles and also foreign countries have purchased Proforce hardware!

All over the world... it is mainly the private sector that does these
kinds of military hardware manufacturing.

The military should focus more on the fighting aspect of operations
with some minor military research work to produce small light weapons
and drones. Period.


ABOUT PROFORCE LIMITED

https://www.youtube.com/watch?v=zTFXqdENfrA [1:33]
Feb 13, 2018 - Uploaded by Proforce Armouring
PROFORCE MANUFACTURES IN NIGERIA:
Armoured Personnel Carriers; Armoured Tanks;
Armoured SUVs

Manufacturing Of Proforce Pf2 APC

https://www.youtube.com/watch?v=eq3pgf-VGh0 [3:23]
Dec 17, 2014 - Uploaded by PROFORCE

Armoured Boats Made in Nigeria

https://www.youtube.com/watch?v=F-ogwHEfB_M [0:42]
Nov 22, 2014 - Uploaded by PROFORCE
Armoured Patrol Boats, Made in Nigeria By
Proforce Limited.


Adetokunbo Ogundeyin, CEO of Proforce Defence Limited.
Ade Ogundeyin: Strength to Strength - The Business Year
==> https://www.thebusinessyear.com/nigeria-2017/strength-to-strength/vip-interview

Money that has gone already.See what these politicians called leaders are doing with our national wealth

Una know say we earmark 360billion naira for this kind paroles; presido howfar the one billion dollars?