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Nairaland Forum / Nairaland / General / Politics / As FG Moves To Recoup Budget Support Loans (3924 Views)
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As FG Moves To Recoup Budget Support Loans by Blue3k2: 6:40am On Aug 30, 2019 |
As the Federal Government moves to recover N614 billion loans extended to states under the budget support facility programme, some governors are already jittery, especially following their failure to abide by the 22-point specification that guided the credit facility. Abdulwahab Isa reports https://www.newtelegraphng.com/2019/08/as-fg-moves-to-recoup-budget-support-loans/ |
Re: As FG Moves To Recoup Budget Support Loans by helinues: 6:41am On Aug 30, 2019 |
Majority of the governors who took the loans are no longer in power.. The sin of a father....... 3 Likes 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by Blue3k2: 6:50am On Aug 30, 2019 |
Most states never implemented a single provision of the 22 conditions designed as basis for the loans. Lol the FG dashed these clowns money but didn't have any clause that forced them to abide by the conditions. These guys are funny bunch. At least they'll be paid back even if the have to deduct it from allocation. Ps: You ever wonder why state assemblies dont counter executive recklessness. 2 Likes 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by aolawale025: 6:55am On Aug 30, 2019 |
This will be a great financial squeeze on the states 1 Like 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by destiny322(m): 6:55am On Aug 30, 2019 |
Guess what I'm saving money to travel out of this country for good 2 Likes 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by oluwadabira111(m): 6:56am On Aug 30, 2019 |
Majority of those gorvenors that borrow those money use that money to finance their failed gorvenorship and senatorial election.many of them did not bother to clear their workers unpaid months of salaries 2 Likes 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by Luvlyna(f): 6:56am On Aug 30, 2019 |
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Re: As FG Moves To Recoup Budget Support Loans by Zeezxo(m): 6:57am On Aug 30, 2019 |
OK Let help you out with your Graphics work. Logo? Yes Fliers? Yes Business Card? Yes. Check my signature 1 Like 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by oluwadabira111(m): 6:58am On Aug 30, 2019 |
aolawale025:those state need to diversify and tapped their unuse natural resource. 1 Like 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by bewla(m): 6:58am On Aug 30, 2019 |
lup 1 Like 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by PureGoldh(m): 6:59am On Aug 30, 2019 |
Cool 1 Like 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by Kendumazy(m): 6:59am On Aug 30, 2019 |
OK 1 Like 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by unitysheart(m): 7:01am On Aug 30, 2019 |
Governors like Fayose and co are no lo ger in power. No be small wahala be this for the incumbents 1 Like 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by tayebest(m): 7:02am On Aug 30, 2019 |
Some people wicked sha. This will be a huge burden for the governors. 1 Like 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by HisMajesty1(m): 7:02am On Aug 30, 2019 |
Extremely heavy debts (local & foreign), Trembling looting by politician and public office holders, plus overwhelming salary and pension arrears... The Nigerian state is slowly grinding to a halt. It won't survive all these, it will collapse soon. 2 Likes 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by Nobody: 7:03am On Aug 30, 2019 |
unitysheart: Exactly, just like Okorocha that accrued N97bn, for nothing essential. As it is today, there is unease across states, given that the larger portions of budget support loans were frittered into unproductive ventures. Most states never implemented a single provision of the 22 conditions designed as basis for the loans. While our taxes are going up to 8% to repay for loan funds we never saw or infrastructures we never used. 1 Like 2 Shares |
Re: As FG Moves To Recoup Budget Support Loans by starbright4real(m): 7:08am On Aug 30, 2019 |
gud day, pls i seriously need a job, i am a graduate of accounting (hnd) 07037799108 1 Like 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by DaddyYeeboz: 7:10am On Aug 30, 2019 |
Esseite: Is that part of the 1Trillion that Mbaise man said Okorocha stole? 1 Like 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by Jabioro: 7:10am On Aug 30, 2019 |
Extended stupidity... 1 Like 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by NaijaFutbol: 7:23am On Aug 30, 2019 |
What will Okorocha and Aregbe’s successors do? 1 Like 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by crownwealth: 7:30am On Aug 30, 2019 |
Wonderful 1 Like 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by crownwealth: 7:31am On Aug 30, 2019 |
Esseite: Buharin administration is confused & a big disgrace 1 Like 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by Racoon(m): 7:49am On Aug 30, 2019 |
So no inbuilt check mechanism to hold these defaulting governors to judiciously use and pay back the bailout funds? See how the confused government encourages executive corruption? 1 Like 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by stonemasonn: 7:50am On Aug 30, 2019 |
HisMajesty1:collapse! Nah! A southern president would be brought in to make corrections like Obasanjo after the military era. 1 Like 1 Share |
Re: As FG Moves To Recoup Budget Support Loans by follock007(m): 8:36am On Aug 30, 2019 |
Blue3k2: These funds had been over-deducted from the states’ FAAC payments to offset foreign loan contracted by states over the years. The Paris club refunds were paid out in tranches to all the states. However, they never counted as loans as states were entitled to them. since you're now the only one allowed to do yahoo using your uranium satellite to kill citizens then collect money from France, world bank etc while you're playing partial oracle increasing dollar price so that it looks like Zeus banishing Cronus in Tatarus... Tell me who and what you think i am or what you make of me, The Head or The State? |
Re: As FG Moves To Recoup Budget Support Loans by unitysheart(m): 10:23am On Aug 30, 2019 |
Esseite: Very serious matter |
Re: As FG Moves To Recoup Budget Support Loans by luluosas(m): 10:16pm On Aug 30, 2019 |
It's simple. Deduct it from the states allocation monthly until fully settled |
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