Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?

"what if"

alizma:
That is good, borrowing money at this time when oil price is crashing and some million of crude are hanging on water without buyer is not ideal.

THEY BETTER FORGET ABOUT NIGER DELTA CRUDE AND FACE AGRICULTURE.

They should cut the huge cost of governance.

The honourable reps that refuse to accept INNOSON BRAND of cars should know now that the Innoson cars was even a luxury goods to them by the federal goverment of Nigeria.

Now the money is not there for them to spend ANYHOW.

NIGERIA GOVERNMENT AND ITS LEADERS ARE AN IRRANT SCAM.

TIME WILL COME SOME GOVERNORS HAVE TO RIDE BICYCLE TO PERFORM STATE FUNCTIONS.

Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?

Oga pls respect yourself ok. Which electricity problem are they solving? And in which country

Oga jusr respect yourself na beg I beg you no bring that coward Docille word *if* into this silly loan thrash.

TylerDurden:


Here is the link

https://guardian.ng/news/furore-over-alleged-exclusion-of-south-east-edo-from-22-7b-loan/

For this reason alone, the loan request should be blocked

DaBogu:
Policies Nigerian can adopt to withstand current economic Turbulence
Fiscal policies
1. Remove subsidy from petroleum products
2. Higher Euro-bond issuance
3. Tax Cut
4. Adjust the budget to reduce wastage Personnel cost for Budget 2020 for MDS's alone is 2.83trn and aggregate expenditure is 2.78trn
Monetary policies
a. Naira Devaluation will make export more competitive and appear cheaper to foreigners which will mean impotrs such as petrol, food and raw material will become more expensive. This will reduce the demand for for imports
b. [s]Hike MPR to 20% reduce LDR to 60%, increase liquidity ratio to 35%-40%[/s]
c. Increase allocation to health by at least N200B
d. Use NTB to support FAAC allocations
e. Capital control
d. CBN should limit government financing

I support all your theories except increase interest rate and making banks hoard more money doing nothing for the economy

GOD PLS SEND A PLAGUE,JUST ONE PLAGUE TO ASO ROCK JUST AS YOU DID IN EGYPT

Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?

$364m will cut power outage by 70% ?

Lol ... ZOMBIES are always very easy to identify - dumb, brainless
like their president

.

DaBogu:
Policies Nigerian can adopt to withstand current economic Turbulence
Fiscal policies
1. Remove subsidy from petroleum products
2. Higher Euro-bond issuance
3. Tax Cut
4. Adjust the budget to reduce wastage Personnel cost for Budget 2020 for MDS's alone is 2.83trn and aggregate expenditure is 2.78trn
Monetary policies
a. Naira Devaluation will make export more competitive and appear cheaper to foreigners which will mean impotrs such as petrol, food and raw material will become more expensive. This will reduce the demand for for imports
b. Hike MPR to 20% reduce LDR to 60%, increase liquidity ratio to 35%-40%
c. Increase allocation to health by at least N200B
d. Use NTB to support FAAC allocations
e. Capital control
d. CBN should limit government financing

Naira is already devalued. Devaluing it more would only make things worst.

Nigeria's major export is crude devaluing the naira would have little or no effect on crude price, I was expecting u to be smarter

Common sense!
Konida fun NASS, Buhari and the bastar...ds who want to mortgage or loot this country into oblivion!
Enikuuure gbogbo and if you are their supporter or sympathiser, it shall not be well with you too!

TylerDurden:


So, despite all the foolishness of this govt you are still giving them a benefit of a doubt?

It is this same Govt that is planning to hand Abacha loot to the current Governor of Kebbi state.

It is this same Govt that is going after a legal secreatry of the NNPC over the P&ID scam that was orchestrated by Lukmann and Barkindo (then GMD NNPC).

This same govt that stated that lukmann (who is since late) was a ''honest'' man and can not be indicted in the P&ID scam. Ok, what of Barkindo who was GMD NNPC at that time who is alive and well and now the chair of OPEC?

Was it not this same Buhari that saw nothing wrong with Ganduje stuffing wads of dollars in his babariga ?

Was it not this same govt that claimed Abacha loot was not stolen but stashed abroad for rainy days?

Was it not this same Buhari govt that gave Tinubu two bullion vans worth of cash to pay thugs to rig and snatch ballot boxes?

What of the NIA loot that Kingibe stole and which led to the sack of the then NIA DG?

You better get sense.

The article is 100% accurate!

They have schemed off $9bn for themselves from this loan.

Oga like I said, govt may be silly, but stop swallowing every nonsense you read online. $9 billion for loan consultancy indeed!

obailala:
Who takes a loan of $23bn for projects and pays $9bn (amounting to 40% of the total sum) as consultancy fee to people who facilitated the loan?

Oga, the government may be inept, the government may be useless, the government may be stupid and you may detest the government like a large majority of Nigerians justifiably do; but then, is it any nonsense article you read online that you just believe because it was Guardian that published it?

Meanwhile you talk about rehabilitating terrorists as if it's a new thing unique to this government. Rehabilitating prisoners or militants or terrorist fighters 'who willingly surrender' is international law; it may be distasteful, but that's unfortunately how things work (the soldiers should have shot them on the heads instead of capturing them). Even the 'more rational' PDP government of GEJ before this one also did the same nonsense.

Tribalism has made you sense.less. Who told you that those Boko Haramites genuinely repented? Besides, what Guardian wrote about the 40 percent of the loan that will be given to the loan facilitators is true. No country has ever rehabilitated terrorists. They kill them to serve as a deterrent to others, and that's what Niger Republic did recently. So, stop writing trash. The PDP government didn't rehabilitate terrorists. Niger Delta militants were not terrorists. They agitated that their region was ravaged by oil spillage, gas flaring, and environmental degradation, but the government didn't listen to them. Go there and see things for yourself. The resources are from their region, but they're in perpetual pernury. So, they were freedom and resource control fighters. The best government should have done was to entrench fiscal federalism, but it didn't do that. The North benefits from their resources. The highly influential Northern personalities own oil wells in the Niger Delta, while little or nothing came to their people. And that's injustice. Could you please tell me the genuine reason Boko Haram terrorists had (or still have) for killing people? Even Niger Delta militants didn't kill innocent Nigerians living in the Niger Delta. They only focused on destroying government and multinational companies' oil installations, and at times, the soldiers were killed because they wanted to kill them. Your point is pointless. You're filled with tribalism.

iammo:




Ghen Ghen... Gbajabiamila na man you be, Buhari wanted to distract us with Sanusi, and Oshiomhole wahala so that he can perpetrate the fraud of the century


.

Gbaja is one person, why are you hailing him? Can he convert 'nays' to 'yeahs'

Its beginning to look like there are more sensible people in the green chamber.

I don't know if we are heading to slavery made by our own self ,this is black slavery.

Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?

Wat about previous loans ? Notin to show for.

DaBogu:
Policies Nigerian can adopt to withstand current economic Turbulence
Fiscal policies
1. Remove subsidy from petroleum products
2. Higher Euro-bond issuance
3. Tax Cut
4. Adjust the budget to reduce wastage Personnel cost for Budget 2020 for MDS's alone is 2.83trn and aggregate expenditure is 2.78trn
Monetary policies
a. Naira Devaluation will make export more competitive and appear cheaper to foreigners which will mean impotrs such as petrol, food and raw material will become more expensive. This will reduce the demand for for imports
b. Hike MPR to 20% reduce LDR to 60%, increase liquidity ratio to 35%-40%
c. Increase allocation to health by at least N200B
d. Use NTB to support FAAC allocations
e. Capital control
d. CBN should limit government financing

Oga this isn't a professional forum. Speak English please

AGRICULTURE SHOULD BE MADE COMPULSORY IN ALL STATE OF NIGERIA WITH EACH LOCAL GOVERNMENT COUNCIL HAVING AN AGRIC UNITS TO SPEARHEAD THE DRIVE TO THE FARM.

Mutemenot:
The battle has started, the suspension is not for the public interest . Watch out for the coming days

Your own opinion.

Nigeria recorded it first Negative trade balance in the Q4 of 2019 since 2016 N579.06B

Coldie:

Naira is already devalued. Devaluing it more would only make things worst.

Nigeria's major export is crude devaluing the naira would have little or no effect on crude price, I was expecting u to be smarter

Lucid1:



Gbaja is one person, why are you hailing him? Can he convert 'nays' to 'yeahs'

did Senate President Ahmed Lawan allow any opposition to speak? didn't Abaribe raise his hand for hours without being picked, while the paid senators spoke of the beauty of the loan and ultimately had a one sided debate and a showdy Yeahs and Nahs

why?

nuti:


I support all your theories except increase interest rate and making banks hoard more money doing nothing for the economy

PapaBaby:


As ee dey hot.

Reps now seeing what Saraki and Dogara saw.

They acted based on price of crude oil

DaBogu:
Policies Nigerian can adopt to withstand current economic Turbulence
Fiscal policies
1. Remove subsidy from petroleum products
2. Higher Euro-bond issuance
3. Tax Cut
4. Adjust the budget to reduce wastage Personnel cost for Budget 2020 for MDS's alone is 2.83trn and aggregate expenditure is 2.78trn
Monetary policies
a. Naira Devaluation will make export more competitive and appear cheaper to foreigners which will mean impotrs such as petrol, food and raw material will become more expensive. This will reduce the demand for for imports
b. Hike MPR to 20% reduce LDR to 60%, increase liquidity ratio to 35%-40%
c. Increase allocation to health by at least N200B
d. Use NTB to support FAAC allocations
e. Capital control
d. CBN should limit government financing

Although I don't understand what you are saying , it sounds cool, so I think it might work

Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?

Sometimes try n talk as if u aren't paid 30k per month to type nonsense for Buhari.

Buhari borrowed 30 billion dollars for the first 4 years of his tenure, what has he done with it?

Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?

Would the politicians and "powers that be" let it come to fruition that power is by sorted 70%?

TylerDurden:


Here is the link

https://guardian.ng/news/furore-over-alleged-exclusion-of-south-east-edo-from-22-7b-loan/

Jesus is Lord!

TylerDurden:


The Guardian.

I will link the source here for you

And are you still trying to rationalize a govt that is rehabilitating repentant Terrorists, proposing Fulani Colonies and pushing laws that will get you executed over your free speech?

Nigeria has no choice but to take the loan.

In the face of slower global economic growth, stimulus must come internally and it must be tied to infrastructure.

Cold reality.

Right now its politics, but soon the reality will dawn on the House of Reps. Once they finish their protestations they will approve the loan. They have no choice. Watch and learn.

Repayment is not the issue now. A country must be solvent to repay. Dead bodies dont repay mortgages. All over the world, governments are preparing stimulus packages including the most indebted country in the world ' the USA. Stimulus is the game - Nigerias heart doesnt need surgery it requires debilifration.

The youths who are high on hate here will soon see the USD - Naira rate skyrocketing, unemployment climbing with massive capital outflows. First they will gloat, then they will curse and then they will look for salvation from anywhere. What has happened so far will be childs place because if care is not taken one day millenials will be known as the "missing generation" because the economy will skip them to berth in their childrens generation.

Everyone is scoring cheap points off this government because it is useless at defending itself or even making its case known in a coherent manner. It has lost tremendous credibility because of policy conflicts and poor implementation.

But guess what? No other government is moving so fast towards restructuring the economy away from rent to value; from speculation to real investment. The pain is real. But if the patient comes off this particular operating table without the completion of surgery then even the brave and garrulous will cry.

The loan will be approved. There is no other reality in which a different decision wins..

Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?

Please, keep quite. What of the previous numerous loans that this govt has taken? Was electricity not included? What have they done with the money? List 3 major projects in this country that is being funded by previous loans?

obailala:
Oga like I said, govt may be silly, but stop swallowing every nonsense you read online. $9 billion for loan consultancy indeed!

Keep doubting Mr Thomas

The article is from The Guardian and Not some blog

Why has the Presidency not denied or condemned the publication

It will be better if the federal government would list the electricity firms on the stock exchange market. Government should regulate or at most be a shareholder but the private sector must be in charge. Government has no business with business

Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?

Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?

you are mad