General0847:
Buhari will wreck the country before he leaves and long after he is gone the negative effects will still be there.
He has secured the future of his family but he is mortgaging the futures of Nigerians including his zombie followers.

juman:
With our population of over two hundred million peoples, if we borrow hundreds of billions of dollars, with good management we would pay it back easily.

But we don't have good management.
That is the real problem.

Eteka1:
The loan is meant for major infrastructural development like roads, power, rail, bridges etc. There is nothing wrong in that. Nigeria's debt to GDP ratio is one of the lowest in the world at 30.05%.

Neroiam:


Truth o ...If the share this money eh, the least 50k go reach every Nigerian hand.. Both old papa & mama seff..

Jimi24:
Nigeria can pay off $30bn in one year if the tax net is expanded. If you are a young man below 50 years and you are opposing the loan, poverty will finish your future. We need infrastructure to grow the economy. Infrastructure improves internal efficiency of the economy . Nigeria is not a developing country as it is now. It is an under developed country. An under developed country does not grow.
Railway systems alone will grow Nigeria by an extra 8% of GDP per year with impact on agriculture, housing, manufacturing et.c

oshozondii:

“Loans are not charities. Most of those encouraging more borrowing are parasitic consultants, commission agents, rents seeking fronts and contractors. We must be cautious.”

https://www.thecable.ng/shehu-sani-we-rejected-buharis-30bn-loan-request-to-save-nigeria-from-recolonisation

juman:
With our population of over two hundred million peoples, if we borrow hundreds of billions of dollars, with good management we would pay it back easily.

But we don't have good management.
That is the real problem.

Eteka1:
The loan is meant for major infrastructural development like roads, power, rail, bridges etc. There is nothing wrong in that. Nigeria's debt to GDP ratio is one of the lowest in the world at 30.05%.

Eteka1:
The loan is meant for major infrastructural development like roads, power, rail, bridges etc. There is nothing wrong in that. Nigeria's debt to GDP ratio is one of the lowest in the world at 30.05%.

TheGreenLand:
you are a wise man... dis is the real fact of the matter, unlike those wailing wailers above typing trash

Sirjamo:
No power, no rail, no clean water, inefficient housing, miserable health care, roads are death trap, social service is non - existent, education in comatose, industries are dead, security is in limbo.... If we do not borrow, where are we suppose to find the money to fix all these?

What I think the Senate should do is to make sure that the loans are used to execute developmental projects that have the capacity to impact our lives and also have the potential to raise revenue so that we can be able to quickly pay back.

Sirjamo:
No power, no rail, no clean water, inefficient housing, miserable health care, roads are death trap, social service is non - existent, education in comatose, industries are dead, security is in limbo.... If we do not borrow, where are we suppose to find the money to fix all these?

What I think the Senate should do is to make sure that the loans are used to execute developmental projects that have the capacity to impact our lives and also have the potential to raise revenue so that we can be able to quickly pay back.

Eteka1:
The loan is meant for major infrastructural development like roads, power, rail, bridges etc. There is nothing wrong in that. Nigeria's debt to GDP ratio is one of the lowest in the world at 30.05%.

Pusyiter:
Mshewwwwww
Is recolonisation not better than the condition we are in this country?

Formularcr7:
You are all mad,all big organization applly for loan to stay afloat in tough time

Formularcr7:
You are all mad,all big organization applly for loan to stay afloat in tough time

Sirjamo:
No power, no rail, no clean water, inefficient housing, miserable health care, roads are death trap, social service is non - existent, education in comatose, industries are dead, security is in limbo.... If we do not borrow, where are we suppose to find the money to fix all these?

What I think the Senate should do is to make sure that the loans are used to execute developmental projects that have the capacity to impact our lives and also have the potential to raise revenue so that we can be able to quickly pay back.

juman:
With our population of over two hundred million peoples, if we borrow hundreds of billions of dollars, with good management we would pay it back easily.

But we don't have good management.
That is the real problem.

Pusyiter:
Mshewwwwww
Is recolonisation not better than the condition we are in this country?

Eteka1:
All that federal revenue you talked about (VAT, Crude oil sales, Import duties/customs etc) gets shared monthly between Federal, States and LGAs. Not like FG gets to keep them.

He warned that borrowing further will jeopardise Nigeria’s future.

“With the current escalation of borrowing, we will be walking into debt slavery and move from landlords to tenants in our country,” he said.

“They will always tell you that even America is borrowing and I don’t know how rational is it to keep on borrowing because Another country is borrowing.

“If we keep listening to Bankers and contractors we will keep borrowing and burying ourselves and leave behind for our children a legacy of debt burden.

“Loans are not charities. Most of those encouraging more borrowing are parasitic consultants, commission agents, rents seeking fronts and contractors. We must be cautious.”

jahsharon:


Yes, like Goatluck did.

Eteka1:
All that federal revenue you talked about (VAT, Crude oil sales, Import duties/customs etc) gets shared monthly between Federal, States and LGAs. Not like FG gets to keep them.

Agboriotejoye:

Those three tiers spend it on the same country. Shouldn't there be an improvement if revenue has increased truly? Instead of all these talks of a revenue problem.
Besides $30bn is the exact amount of debt we were forgiven in 2005 if I'm not mistaken. Why go back to take that same debt now if we know what we're doing

Formularcr7:
You are all mad,all big organization applly for loan to stay afloat in tough time