Please, spare your energy on this issue. Let them spend the money as they want. The reason for the secrecy of the bill is because of the lopsided nature of the utilization of the loan in the first place. Government of perfidy. The more they sideline the east the more the east progresses.

XANDERBOY85:


Is east-west road in the south-east?

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

You see why I don't take many of you folks seriously. Many of you don't even travel out of your region but claim to know every part of Nigeria based on hear say. A simple google search would have saved you from being naive to say that the East-west road is in the south east. FYI, the road is located in the south south and doesn't cross any SE state.

No project for Delta State? Our oil money is continuously being used to develop other regions. Where is Papa E. K Clark? Where are the Niger Delta freedom fighters when you need them most?

CSTR2:

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

That is buharinomics.

Economics driven by nepotism.

This is why certain countries insist on minimum graduate level for presidency... This country is in serious trouble!

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solmus:


Saudi, UAE, Kuwait, Bahrain all have more sophisticated US military base and are US ally just like isreal so what is he braging about

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risos:
The way the ordinary Nigerian is experiencing hardship, you think he is sacrificing so life will be better tomorrow.

But that's not the case it's hardship for nothing.

You borrow from westerners, you pay their companies the money to build infrastructure for you, so people will know you are working, meanwhile the money you borrowed is gone, interest is sitting there waiting for you. Most of the project fit abandon n cast.

Where is the value created?

Teach Nigerians to build and maintain road, bridges, to produce food, to install, maintain and expand power supply. These are the activities every country will be engaged in till eternity. Contract here contract there, juicy contracts, audio contract, feasibility study, panels, subcommittees, etc

Na people, humans na him dey develop him environment no be money dey develop environment.

See all the mansions build in Lagos and Abuja all empty and dusty.

What do Nigerians want? When are we? Where are we going to?

Madam pass me one plate of fresh fish pepper soup and one bottle of whiskey make I take reason this matter.

22 billion dollars, in Aisha's voice...Bubu we need to talk.

Actually there is nothing wrong in borrowing. All these developed and developing countries our people are running to built there infrastructures and nation with borrowed money.

US is the most indebted nation in the world. Even China's debt is high.

But those countries channel these borrowed money to critical areas. Take for example only steady 24hours light in Nigeria will add great value to the economy and quality of life of the common man. Likewise good accessible road networks.

But what we are against is channeling the money to irrelevant, unproductive and looting things.

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

Dasuki isnt in court for a 2 billion dollars theft case.

Alison? 2 billion dollars? I thought u guys said the U.S officials told u that she stole 6 billion dollars?

jimyjames:
And nothing for south east?

If you believe those breakdown or it's implementation. Then you can always believe Jesus hasn't been born by Mary yet. Money wey never reach politicians share finish na you dey mention southeast.

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solmus:


tell that to the people who failed to train you

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solmus:


read about how China EXIM bank loan works before you talk trash, no politician is tourching any kobo, they only supervise the projects as the money is being escrowed and paid to contractors upon completion of each phase of the project

Buhari has borrowed 30 billion dollars mostly from china in his first tenure, what exactly did he do with it?

https://www.youtube.com/watch?v=mtXWGK5pFr0

Nigeria has made you angry and impatient
Take it out on your leaders

Coldie:

This is a foolish way of thinking, so since the funds would be looted there's no need to benefit from it?

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solmus:


check figures and statistics and don't ask me silly question

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solmus:


banning is just hungering this one.. the last one I sent you on isn't enough

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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

So why didn't those sensible financial system stop second niger bridge

solmus:


its not reasonable to borrow to fund education and health as this are not revenue generating sector of the economy

What a senseless post

StaffofOrayan:



Bros these crap are not done in the name of Yoruba's. Besides the funds would be looted

They are done in the name of niger republic abi?

fergie001:


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

Just remove the Islamic development Bank now.

I am waiting for CAN to oppose this IDM but since it's money they won't

solmus:


story, story.. SouthEast is also facing poverty

.

Are u daft? Even in ur own chart, SE has the lowest poverty in the country

No be una dey call Osibanjo VP Academics?

Oracle23:


They are done in the name of niger republic abi?

$22.7B is biggest external loan in Nigeria history, and Education sector will get a mere $500m? That's how poorly this incompetent jihadi president values education!

Rest of the loan will mostly go to the North! Bravo North, you won again. One Nigeria, right?

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solmus:


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

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StaffofOrayan:
No be una dey call Osibanjo VP Academics?

Unrelated post.

He's a commissioner, Not VP academics, VP no enter his name @ all

Witcher:
Ask this 3 International economic organizations the World Bank, the International Monetary Fund (IMF), and the World Trade Organization (WTO). Because increase in food and other stuff is global not just Nigeria

Beautiful lady,imported rice #8000 naira ,locally produced rice full of stones #25000 naira, so is world bank influencing the price?

$500m for NTA,to compete with CNN, God will keep all of us alive to see hw it goes!

That means the loan is a fulani project
What can a commissioner do?

Oracle23:


Unrelated post.

He's a commissioner, Not VP academics, VP no enter his name @ all

This is complete bullshit, a man with about 3years left in governace and and more than 77years in age wants to borrow 27 Bn USD for some frivolous project with out explaining how those project will impact the masses. The real problem here is not borrowing the money but rather how do we intend to pay back this loan.
Today as I write, you all know that the present government of the day has been unable to fund the yearly project but the country wants to go ahead and borrow humongous amount of money which even if we sell the whole of the north and it's rulers together to vacate the loan the country will still have residual debt left behind.

Pls, I call on southerners and middle beltans to let's put our differences aside and fight these pillagers from the core north in government whose sole aim is to leave a legacy of debt for our unborn children. We need to start telling ourselves the truth, the north contribute virtually nothing to the government in terms of revenue and they have become a moral burden due to the resources deployed to ameliorate their living conditions.

solmus:


read about how China EXIM bank loan works before you talk trash, no politician is tourching any kobo, they only supervise the projects as the money is being escrowed and paid to contractors upon completion of each phase of the project

Meaning ur not a Nigerian if eventually u are,ur still a kid

obailala:
Mambilla dam, East West road, Calabar to PH rail, Lagos to Kano rail, upgrade of transmission infrastructure; if the borrowed funds can actually be used to complete these ones alone, then the loan is definitely worth it. I dont know about the other things on the list

$500m for NTA though?

And education gets $100m

XANDERBOY85:
See why Senator Abaribe wanted a breakdown of how the entire loan would be spent! Can anyone in all honesty say this rubbish is fair to the south-east? Besides a $50 million vocational training centre that touches all regions of the country, and one or two general/national spendings, the south-east gets nothing else! But look at other regions, and see how they compare: in some instances, specific/stand-alone projects worth multi-millions of dollars are targeted for specific states! States like Kaduna, Taraba, Kogi as well as regions like south-west/north-west and south-south (east-west road and railway) were specifically mentioned!

Can neutrals now see why Igbos are fed up with this divisive, vindictive and bigoted Buhari gov't? Let no efulefu Igbo bastard in APC come and tell me Igbos are faring better under this evil regime and we should roll out the drums in celebration!

My brother after cheating the South east,God will still use book haram and bandits to distroy all they built

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solmus:


so long you receive allocation you deserve to be taxed

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solmus:


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

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