aremuforlife:
The loan is a matter of necessity, I can see people above started criticising the government without knowing the useful- ness of the loan.Most of the developed countries used loan to developed their country

The fundamental fact is that a borrowing have never helped a never progressing country like Nigeria esp.with an export-dependent, poor fiscal responsibility and governed by greedy & wicked leaders.

[/quote][quote author=Racoon post=86402493]
The fundamental fact is that a borrowing have never helped a never progressing country like Nigeria esp.with an export-dependent, poor fiscal responsibility and governed by greedy & wicked leaders.

What do you suggest?
I am open to a debate, let hear from your opinion how to finance our infrastructure

aremuforlife:

What do you suggest? I am open to a debate, let hear from your opinion how to finance our infrastructure

-Cut down allowance, estacodes for govt appointees. Advocate for a part term unicameral legislation.Merge irrelevant government agencies to cut cost of governance.
-Liberate the economy-move away to non-oil economy since global value of oil is abysmaly low.
-Develop the agric sector to produce cash crops(cocoa, cashew, G-nut as in the 1960-70s Nigeria).
-Sell off national assets that have become cesspool of corruption(NNPC, NLNG)
-Step up revenue generations: MDAs, FG bonds, FG portion of the excess crude account.

hope the abookis are ready to pay the debt when this country breaks. They keep taking loans from china to marry wives and build mosques in the name of other Nigerians.

China should be ready to take them as slaves and them ship to mass chinese factories to work if they refuse to pay this debt when the nigerian union is dissolved.

[/quote]o[quote author=Racoon post=86412282]
-Cut down allowance, estacodes for govt appointees. Advocate for a part term unicameral legislation.Merge irrelevant government agencies to cut cost of governance.
-Liberate the economy-move away to non-oil economy since global value of oil is abysmaly low.
-Develop the agric sector to produce cash crops(cocoa, cashew, G-nut as in the 1960-70s Nigeria).
-Sell off national assets that have become cesspool of corruption(NNPC, NLNG)
-Step up revenue generations: MDAs, FG bonds, FG portion of the excess crude account.

How much Do you think we will generate from cutting down the cost of government, will that amount to $30b we are seeking for emergency critical infrastructure that will attract serious investors.
Most of the national asset sold doing the former regime was fraud,
The present government has already step up revenue generation by increasing vat to 7.5%.
The present government has already diversified our economy by shutting the boarder and encourage agric sectors.
All you listed above has already been done and we are yet to meet up with the infrastructure deficit.
We need the loan to build infrastructure that will of help to and me.
Nigeria is no 115 countries cheaper to live in the world.

I hope they will use the money for the Saud purpose.

JasonScoolari:
What were the recovered Abacha loot used for? Oh, I forgot,baba lifeless used the recover to build Boko Haram orphanage home.....



With the way we're borrowing and seeking for loan upandan, this born-to-fail daura drunkard will sell this country and run away.

They are talking about 30 billion dollar to fast track development, this one is talking about Abacha loot that is less than 1 billion dollar

allthingsgood:


Must u insult

If u say govt shouldnt have access to loan, where do u expect them to fund developmental projects from

All these wailing wailers and their myopic thinking! They want Buhari to fix infrastructure for them, with his military pension.

garfield1:

The minister specifically stated that the loan will go towards providing and completing critical infrastructure.the abacha loot is clearly not enough for that.it is easier to pay salaries than carry out capital projects.this projects costs billions.if we do not borrow,we will only be able to pay salaries and do remedial work on few existing infrastructure.the only way is to strengthen our revenue sources by increasing taxes,vat,focusing on agric l,tourism and buhari is doing that.

You are wasting your time. You think those PDP rats do not know all the things you're trying to explain? They just love crying over any decision taken by Buhari, even when he paid the pension and gratuity of their parents and grand parents, which the calamitous PDP refused to pay for sixteen years, they still cried like a baby suffering from severe malnutrition!!!