Great...

trutht828:


Have you asked yourself why the repentant armed robbers in Nigeria prisons have not been rehabilitated?

Have you visited Nigeria prisons lately to see their living conditions? Have you seen the VIP treatment given to captured Boko haram members?

Does that also sound sensible to you?

Did I mention anywhere that rehabilitating terrorists was sensible?

Maybe you should direct that question to amnesty international, US government, Nigerian governments (past and present) and other international human rights organisations that have been attacking our military for killing captured terrorist fighters.

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?

Scammer

75% of that money will be misappropriated and 25% will be mismanaged ...

nothing good has ever come from loan facility to Nigeria!!

obailala:
Did I mention anywhere that rehabilitating terrorists was sensible?

But you made excuse for it, didn't you?

trutht828:


But you made excuse for it, didn't you?

"...Rehabilitating prisoners or militants or terrorist fighters 'who willingly surrender' is international law/practice; 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 onealso did the same nonsense...."

How exactly did you read my above statement and interpret it as me "making excuses" or supporting terrorist rehabilitation?

Nigerians are fond of this fallacy, you correct an erroneous statement and it's instantly interpreted as 'defending' or 'making excuses'; is it now a crime to say a truth in Nigeria?

You should also direct that question to amnesty international, US government, Nigerian governments (past and present) and other international human rights organisations that have been attacking our military for killing captured terrorist fighters.

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?

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.

So ur equating prisoners and militants to terrorists?
U think their ideologies r the same?

blowjohn:

So ur equating prisoners and militants to terrorists?
U think their ideologies r the same?

..and how did I equate militants and terrorist? I said it's international practice to rehabilitate terrorists who surrender. This isn't the first govt to do that, even the past Nigerian government did the same thing (i.e. rehabilitate and release boko haram). Nowhere in my statement did I say it was 'right' to do that.

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?

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.

They weren't captured, they surrendered and renounce terrorism.

Sirjamo:
They weren't captured, they surrendered and renounce terrorism.

Boko sympathizer

coputa:
If the government remove subsidy from petroleum products. a litre of fuel will sell for 400 naira.I guess you know the resultant effect on the average Nigerian. It will affect the prices of other commodities as well,which will lead to inflation.

Never with the current world recession this is the best time to remove subsidy from petrol. It will cost less than N80.
Nigeria cost of producing crude oil is $30
Saudi $2-$3
Russia $2.5

TylerDurden:


Boko sympathizer

You no know your mate abi

DaBogu:
Never with the current world recession this is the best time to remove subsidy from petrol. It will cost less than N80.
Nigeria cost of producing crude oil is $30
Saudi $2-$3
Russia $2.5

Nigeria depend largely on imported fuel which landing cost is about 385 naira per litre.She consumes 45 million litres of fuel everyday and our moribund refineries is producing below it's installed capacity which do not meet the domestic demand.So that your analysis is void in the current situation,So if subsidy is removed.there will a spiral inflation

[s]

Sirjamo:
You no know your mate abi

[/s]

ab0ki

Once he gets his own cut.

Rep will pass 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?

If the electricity is the main focus they would have collected loan strictly for that purpose but when you look at the list for the loan you will know that they are just after looting

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?

Fellow Nigerian, if the loan is meant to solve the electricity issue (our biggest issue), why was only 1.6% allotted to it. And what is the remaining 90% meant to address (assuming the other things mentioned plus electricity takes 10%)

That's a good one..

mildteddy:


Fellow Nigerian, if the loan is meant to solve the electricity issue (our biggest issue), why was only 1.6% allotted to it. And what is the remaining 90% meant to address (assuming the other things mentioned plus electricity takes 10%)

wat happen since the said loan has been passed by d senate and rep refuse to passed it.
Does it means it' not possible to get it or d superiority of d senate persist and the president can get d said loan based on senate approval only

ChristianNorth:
Thank you Gbaja

Imagine paying 40% of $22 bn to those that helped to facilitate the loan.

Buhari is a thief

since senate passed it does it mean d rep refusal can halt it?.
I tot der superiority will count after all?

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?

will you keep quiet!

What do you know?
How much has been invested into power since obj!?

Have you done a study on what’s the actual problem of power?

Keep shut abeg if you have nothin useful to say

This is an IF statement. What have they done with the once they have borrowed?

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 the electricity problem by 70%, should we not agree with the FG to take the loan?

Only $360m goes for electricity. He can borrow that amount and not $27b.

More cheaper fuel will be available while importing is at over 240 per litres is now landing at 150

coputa:
Nigeria depend largely on imported fuel which landing cost is about 385 naira per litre.She consumes 45 million litres of fuel everyday and our moribund refineries is producing below it's installed capacity which do not meet the domestic demand.So that your analysis is void in the current situation,So if subsidy is removed.there will a spiral inflation

Reference:


The problem with folks like you is that you choose to skirt the real issues. What do numbers mean in Nigeria.?

The false FEC allocation economy is a structural issue that the citizens of this country have to address if not the results of such loans are seriously in doubt and will likely go the same way as the previous ones. Just look at some of the items on that list. Are they core economic stimulus packages.?

Infrastructure always stimulates economic growth. You are confusing short term stimulus with yy-yy growth. Poor infrastructure adds to the cost of business.

[b]And when you say 'running since 1999' you simply cannot extricate yourself from the political angle [/b]because you refer ro a period where democracy was reestablished in Nigeria. The administrative structure we operate has not changed since the civil war. It did not start in 1999. Even the 1999 Constitution which anchors everything did not start in 1999.

The only period of infrastructural development was between 1971 and 1985. The deficit is what is dragging back the private sector. From 1999 what investments have come in the power sector inspite of the massive amounts used by OBJ?


Yes there are options and it starts by telling ourselves the truth and setting our house in order so that we break the cycle of throwing good money after bad principles. No one is against the idea of borrowing bur show m what rhis government and the previous one has done with all the billions borrowed and let the public decide whether it is worth it.

The jury is still out on capital utilization by this government. Wait till 2023 and we will have his historic performance. For sure every government from 2014 onwards will have less leeway.

Until then I am at liberty to speculate that all this loan things are just to satisfy special interest groups, rent seekers that constantly loiter round the corridors of power and cannot find food to eat or earn a decent wage for an honest days work outside government.

Citizens of other countries will extract significant concessions from government through their Representatives before permitting such dangerous ventures. Here we cannot even ask them to cut down their excesses and bloated personal costs that condemns us to penury every passing budget.

I dont rule this out but we dont live in a polar world. Two things can be true if not equally true at the same time. It is possible to have corrupt people who develop nations - this is a human reality.

Abegi.. It is political. Get the structure right and everything else will fall into place. Politics is the driver of the bus of state.

This is an illusion. Economic performance no matter at what cost is what will set the people free. We arent looking for saints and messiahs. How much didvdemocracybconteibutevto the emergence of Singapore - an essentially one party state with a heavy handed ruler dragged a feudal state out of poverty. What about China - what is right about its politics. The poor dont eat politics.