We know who put this loan request together .The hand writing is clear .His region got the largest pie.

jieta:
My only problem is that, will buhari be able to complete all this before his tenure elapse. Because every administration has his own philosophy.

Don't worry Osinbajo will continue

solmus:


we would marginalize you till year 3023, besides you cant you see East-West road.. and we know your dream as an ibo man is always to cross river niger and come to the west to hustle

Look at who is marginalizing somebody? How much is your monthly earnings, Most of you guys are working for our people... Solmus full definition is So MuMu,

So why are some kicking against it? Yet if they do nothing, U will still cry govt didnt do anything
Natural bitter wailers

CSTR2:

And the irony is that you need to activate the Nnewi -aba- Onitsha industrial clusters to even have a chance at sustainable industrialisation of this country.
I would expect significant investment in roads, power and standardisation of those places.

Invest in the middle belt. Activate their agricultural sector.

The old man is building rails and roads in the north.

To do what? To make Northern -southern Migration easier?

It's a waste. Nobody can convince me otherwise.

The breakdown is just a mere paper work, the spending is looting

GFELOG2018:
We know who put this loan request together .The hand writing is clear .His region got the largest pie.

If you r the president nko? Abi you think everyone is as clueless as Jonathan?

fergie001:


https://www.thecable.ng/in-full-1-25bn-for-abuja-rail-500m-for-nta-buharis-22-7bn-loan-spending-plan/amp

Actual, tangible works proposed on this list are not worth up to $5 billion, the rest is comprised of worthless, duplicated and outright ghost (nonexistent) projects.

I pray that God will continually punish our worthless leaders anew each time they fraudulently call on His name.

22billion Hey nna ehn how will we pay this debt. Sha wetin concern me if it to do me na to drop citizenship. Such a disgrace a failed State indeed.

stanluiz:
70percent of this budget is going to the north.

Cc cstr2

It is going to the place with the least potential to create national prosperity.

That is buharinomics.

Economics driven by nepotism.

southeast people must stop feeling inferior, they've the right to protest this marginalisation of this Buhari government

DSoj:
So why are some kicking against it? Yet if they do nothing, U will still cry govt didnt do anything
Natural bitter wailers

Bros the money too long na. We are feet deep in depth and some useless politicians will still loot the money, borrowed money on top.

CSTR2:

And the irony is that you need to activate the Nnewi -aba- Onitsha industrial clusters to even have a chance at sustainable industrialisation of this country.
I would expect significant investment in roads, power and standardisation of those places.

Invest in the middle belt. Activate their agricultural sector.

The old man is building rails and roads in the north.

To do what? To make Northern -southern Migration easier?

It's a waste. Nobody can convince me otherwise.

My question is do we even need patronage from the center to get these things done?

Actually we don't need. If the leadership in the East are purposeful. Development of our region can be done.

Witcher:
Most read
Speech as Nigeria Military Head Of State (1983)
Muhammadu Buhari

In pursuance of the primary objective of saving our great nation from total collapse, I, Major-General Muhammadu Buhari of the Nigerian army have, after due consultation amongst the services of the armed forces, been formally invested with the authority of the Head of the Federal Military Government and the Commander-in-Chief of the armed forces of the Federal Republic of Nigeria. It is with humility and a deep sense of responsibility that I accept this challenge and call to national duty.

As you must have heard in the previous announcement, the constitution of the Federal Republic of Nigeria (1979) has been suspended, except those sections of it which are exempted in the constitution. The change became necessary in order to put an end to the serious economic predicament and the crisis of confidence now afflicting our nation.

Consequently, the Nigerian armed forces have constituted themselves into a Federal Military Government comprising of a Supreme Military Council, a National Council of States, a Federal Executive Council at the centre and State Executive Councils to be presided over by military governors in each of the states of the federation. Members of these councils will be announced soon.
The last Federal Military Government drew up a programme with the aim of handing over political power to the civilians in 1979. This programme as you all know, was implemented to the letter. The 1979 constitution was promulgated.
However, little did the military realise that the political leadership of the second republic will circumvent most of the checks and balances in the constitution and bring the present state of general insecurity.

The premium on political power became so exceedingly high that political contestants regarded victory at elections as a matter of life and death struggle and were determined to capture or retain power by all means. It is true that there is a worldwide economic recession.
However, in the case of Nigeria, its impact was aggravated by mismanagement. We believe the appropriate government agencies have good advice but the leadership disregarded their advice. The situation could have been avoided if the legislators were alive to their constitutional responsibilities. Instead, the legislators were preoccupied with determining their salary scales, fringe benefit and unnecessary foreign travels, et al, which took no account of the state of the economy and the welfare of the people they represented.

As a result of our inability to cultivate financial discipline and prudent management of the economy, we have come to depend largely on internal and external borrowing to execute government projects with attendant domestic pressure and soaring external debts, thus aggravating the propensity of the outgoing civilian administration to mismanage our financial resources. Nigeria was already condemned perpetually with the twin problem of heavy budget deficits and weak balance of payments position, with the prospect of building a virile and viable economy.

The last general election was anything but free and fair. The only political parties that could complain of election rigging are those parties that lacked the resources to rig. There is ample evidence that rigging and thuggery were relative to the resources available to the parties. This conclusively proved to us that the parties have not developed confidence in the presidential system of government on which the nation invested so much material and human resources. While corruption and indiscipline have been associated with our state of under-development, these two evils in our body politics have attained unprecedented height in the past few years. The corrupt, inept and insensitive leadership in the last four years has been the source of immorality and impropriety in our society.

Since what happens in any society is largely a reflection of the leadership of that society, we deplore corruption in all its facets. This government will not tolerate kick-backs, inflation of contracts and over-invoicing of imports etc. Nor will it condone forgery, fraud, embezzlement, misuse and abuse of office and illegal dealings in foreign exchange and smuggling.
Arson has been used to cover up fraudulent acts in public institutions. I am referring to the fire incidents that gutted the P&T buildings in Lagos, the Anambra State Broadcasting Corporation, the Republic Building at Marina, the Federal Ministry of Education, the Federal Capital Development Authority Accounts at Abuja and the NET Building. Most of these fire incidents occurred at a time when Nigerians were being apprehensive of the frequency of fraud scandals and the government incapacity to deal with them.

Corruption has become so pervasive and intractable that a whole ministry has been created to stem it.
Fellow Nigerians, this indeed is the moment of truth. My colleagues and I – the Supreme Military Council, must be frank enough to acknowledge the fact that at the moment, an accurate picture of the financial position is yet to be determined. We have no doubt that the situation is bad enough. In spite of all this, every effort will be made to ensure that the difficult and degrading conditions under which we are living are eliminated.
Let no one however be deceived that workers who have not received their salaries in the past eight or so months will receive such salaries within today or tomorrow or that hospitals which have been without drugs for months will be provided with enough immediately. We are determined that with the help of God we shall do our best to settle genuine payments to which government is committed, including backlog of workers’ salaries after scrutiny.

We are confident and we assure you that even in the face of the global recession, and the seemingly gloomy financial future, given prudent management of Nigeria’s existing financial resources and our determination to substantially reduce and eventually nail down rises in budgetary deficits and weak balance of payments position. The Federal Military Government will reappraise policies with a view to paying greater attention to the following areas: The economy will be given a new impetus and better sense of direction. Corrupt officials and their agents will be brought to book.

In view of the drought that affected most parts of the country, the federal government will, with the available resources, import food stuffs to supplement the shortfalls suffered in the last harvest.
Our foreign policy will both be dynamic and realistic. Africa will of course continue to be the centre piece of our foreign policy. The morale and combat readiness of the armed forces will be given high priority. Officers and men with high personal and professional integrity will have nothing to fear.

The Chief Justice of Nigeria and all other holders of judiciary appointments within the federation can continue in their appointments and the judiciary shall continue to function under existing laws subject to such exceptions as may be decreed from time to time by the Federal Military Government. All holders of appointments in the civil service, the police and the National Security Organisation shall continue to exercise their functions in the normal way subject to changes that may be introduced by the Federal Military Government.

All those chairmen and members of statutory corporations, parastatals and other executive departments are hereby relieved of their appointments with immediate effect.
The Federal Military Government will maintain and strengthen existing diplomatic relations with other states and with international organisations and institutions such as the Organisation of African Unity, the United Nations and its organs, Organisation of Petroleum Exporting Countries, ECOWAS and the Commonwealth etc. The Federal Military Government will honour and respect all treaties and obligations entered into by the previous government and we hope that such nations and bodies will reciprocate this gesture by respecting our country’s territorial integrity and sovereignty.
Fellow Nigerians, finally, we have dutifully intervened to save this nation from imminent collapse. We therefore expect all Nigerians, including those who participated directly or indirectly in bringing the nation to this present predicament, to cooperate with us. This generation of Nigerians, and indeed future generations, have no country other than Nigeria. We shall remain here and salvage it together.

May God bless us all. Good morning.

Sister, this stuff was writtennby IDIAGBON

Inhabitable1:


Look at who is marginalizing somebody? How much is your monthly earnings, Most of you guys are working for our people... Solmus full definition is So MuMu,

dude I don't chest beat its for poor useless dunce

Racoon:
So what becomes of all the audio money generations, Abacha stolen monies, unremitted monies by MDAs as disclosed by office of the accountant general, ICPC, EFCC? Chronic debt pillage hence mortgaging Nigeria into more financial indebtedness.This is because debt servicing is not debt payment.

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Thank God they didn’t put Lagos -Ibadan road this time.

Useless politicians

I have said it countless times that the north does not need to more roads and rails.

What it needs are massive investment in SMEs, grants and loans.

The places that needs massive investment in road and rails are in the south.

That is cold blooded economical facts that would produce results.

solmus:


no sensible financial system would fund a project in a region prone to seccession , they just wont approve it, since their investment wouldn't be secured

each project approved in the loan, the financial instituition did proper risk accessment before putting their money down

but they can be considered in tax


U know my happiness? Nigeria still not working! The country still be like 16th century graveyard. The entire country still has no eelctricity, still poor water supply, still bad health care while politicians fly abroad for health and education.

so, in all these, na still the average and poor will suffer o. Be it igbo, yoruba or hausa

jimyjames:
And nothing for south east?

Everything went to North East and North Central

solmus:


no sensible financial system would fund a project in a region prone to seccession , they just wont approve it, since their investment wouldn't be secured

each project approved in the loan, the financial instituition did proper risk accessment before putting their money down

But you would tax them for loan repayment?

TheTourist:
A LOAN FOR NORTHERN NIGERIA SPONSORED BY THE CHINESE. SIMPLY PUT!

And to be paid back by everybody.

Princedapace:


but they can be considered in tax


U know my happiness? Nigeria still not working! The country still be like 16th century graveyard. The entire country still has no eelctricity, still poor water supply, still bad health care while politicians fly abroad for health and education.

so, in all these, na still the average and poor will suffer o. Be it igbo, yoruba or hausa

so long you receive allocation you deserve to be taxed

Esseite:


But you would tax them for loan repayment?

don't you travel to other region to use up their resources while returning back home only december

Nothing for south east?....... God's willing we will be away by the time the fund becomes bad debt for Nigeria........... No wonder senator Abaribe insisted on the breakdown for all to see bubu hatred.

That of social should be scrapped off. They should 1st arrest boko Haram sponsors before doing anything there in the Northeast. Everyone in the North knows the Boko Haram sponsors and refused to arrest them. So doing anything workout 1st arresting the major sponsors is as good as waste. They will destroy it.

$500million for NTA is too much, after spending this money,we don't want to see NTA with black and white color,they have to match BBC news

solmus:


we conquered more than resourceless tiny landlocked ShoutYeast

Solmusdesigns aka itsme01 ...clowning as usual

solmus:


don't you travel to other region to use up their resources while returning back home only december

So people are no longer in the East?.. so people dont live and work in the East?.. it's no longer a region?..

You should have just kept quiet than being this empty.

solmus:


dude I don't chest beat its for poor useless dunce

Shut it all this broke online nonentities sef

I thought this admimistration promised us cleaning of Ogoni land, I was expecting to see Ogoni clean up in the environment section.

solmus:


its too early to wail guy,

total abacha loot is $5bn total dasuki loot is $2bn, Allison Madueke $2billion, all this money are tied to court cases and Nigerians cant wait the length of the case before fixing power and rail

Lagos - Kano standard guage alone is more than anything abacha ever stole in his entire lifetime

Like really?

How old are you?