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Nairaland Forum / Nairaland / General / Politics / FG Suspends Plans To Borrow $22.7bn (29429 Views)
FG Suspends Import Duties, Taxes On Essential Food Items To Address Hunger / Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA / Senator Abaribe Confronts Lawan On $22.7 Billion Loan Approval For Buhari (Video (2) (3) (4)
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Re: FG Suspends Plans To Borrow $22.7bn by Herdsmen: 7:45pm On Mar 16, 2020 |
iammo: Okay bro |
Re: FG Suspends Plans To Borrow $22.7bn by shekauvsbuhari: 7:46pm On Mar 16, 2020 |
ClassicMG:debt sevicing is paying interest while leaving principal yet. You repay debt when U pay off de principal n its not always easy to do. Creditors know this.So ur creditor will be just making money off ur sweat without stress. |
Re: FG Suspends Plans To Borrow $22.7bn by israelmao(m): 7:52pm On Mar 16, 2020 |
Where have the past borrowings led us to?It was only more corruption and more wasteful spending. 1 Like |
Re: FG Suspends Plans To Borrow $22.7bn by Nobody: 7:54pm On Mar 16, 2020 |
ClassicMG: Debt servicing means you are paying the interest on your loan but not paying the loan itself. Let's say you borrowed one million naira and the interest is say 250,000 naira/yr. (The total you'll pay back is 1.25 million naira.) Debt repayment means you're paying back the interest and the loan, say 105K/month. You will repay everything back (loan + interest) in less than a year. debt servicing on the other hand, means you are paying back just the interest (250K) but not the one million naira loan itself. You will clear the interest if you pay say 21K/month. But the loan is still there and you will still need to pay another interest (250k) the following year. It will go on like that until you finally pay the loan. |
Re: FG Suspends Plans To Borrow $22.7bn by Odelhorno1990: 8:01pm On Mar 16, 2020 |
Definitely due to Coronavirus, the loan may be affected since it is going from Europe, very good step to contain the virus. Buhari is working!!!! |
Re: FG Suspends Plans To Borrow $22.7bn by Pasprof27(m): 8:02pm On Mar 16, 2020 |
Where the Bleep is all the recoverd ABACHA loots?. #mtchewwww!!! Wat a fucking leadership Nigeria haz........ Theif stole, thieves collect... |
Re: FG Suspends Plans To Borrow $22.7bn by luggy(m): 8:09pm On Mar 16, 2020 |
If not sen abaribe, they would have borrow & swalow, Useless goverment |
Re: FG Suspends Plans To Borrow $22.7bn by UNUKHASO: 8:10pm On Mar 16, 2020 |
INSTEAD OF BORROWING WHY NOT REMOVED AND STOP PAYING FUEL SUBSIDIARY |
Re: FG Suspends Plans To Borrow $22.7bn by talk2maurice(m): 8:11pm On Mar 16, 2020 |
Wetin we do this people? |
Re: FG Suspends Plans To Borrow $22.7bn by Mosthandsomeboy(m): 8:13pm On Mar 16, 2020 |
UNUKHASO:go and remove it na
|
Re: FG Suspends Plans To Borrow $22.7bn by BustyCookie: 8:18pm On Mar 16, 2020 |
Good job |
Re: FG Suspends Plans To Borrow $22.7bn by shaw2(m): 8:31pm On Mar 16, 2020 |
Who told you they suspended the borrowing? The main issue here is who will volunteer to travel to virus raided country to seek for loan. But this people are seriously mean to ruin Nigerians with debts we can't pay. Make them just split this country period. okpalaAnambra: |
Re: FG Suspends Plans To Borrow $22.7bn by Mosthandsomeboy(m): 8:36pm On Mar 16, 2020 |
gonkin:https://en.m.wikipedia.org/wiki/List_of_countries_by_external_debt |
Re: FG Suspends Plans To Borrow $22.7bn by Mosthandsomeboy(m): 8:37pm On Mar 16, 2020 |
shaw2:https://en.m.wikipedia.org/wiki/List_of_countries_by_external_debt |
Re: FG Suspends Plans To Borrow $22.7bn by TechSpace02: 8:37pm On Mar 16, 2020 |
Clean UK used core i5 laptop, tap on my signature. |
Re: FG Suspends Plans To Borrow $22.7bn by seunayantokun(m): 8:50pm On Mar 16, 2020 |
Meaning they will secretly do the needful. Darkness na cover! |
Re: FG Suspends Plans To Borrow $22.7bn by vineyardfarms: 8:57pm On Mar 16, 2020 |
Ok |
Re: FG Suspends Plans To Borrow $22.7bn by vineyardfarms: 9:00pm On Mar 16, 2020 |
Why borrow, when pmb, hand-pick senate and rep could just put out ng for sale, add the sales price to recovered ghost loots to construct imaginary projects like calabar / ltu road. God expose them, disgrace them, shame them |
Re: FG Suspends Plans To Borrow $22.7bn by Nobody: 9:02pm On Mar 16, 2020 |
awesome! looters wings broken! |
Re: FG Suspends Plans To Borrow $22.7bn by FLYFIRE(m): 9:34pm On Mar 16, 2020 |
God punish all these quota system people
|
Re: FG Suspends Plans To Borrow $22.7bn by FRANK7890: 9:35pm On Mar 16, 2020 |
see blew |
Re: FG Suspends Plans To Borrow $22.7bn by NamelessOGBENI(m): 9:37pm On Mar 16, 2020 |
....due to current realities in the global economic landscape...... |
Re: FG Suspends Plans To Borrow $22.7bn by 9japride(m): 9:44pm On Mar 16, 2020 |
lazeal:[color=#006600][/color] It's OK. |
Re: FG Suspends Plans To Borrow $22.7bn by Papertrail11(m): 9:54pm On Mar 16, 2020 |
igbojay: Lebanese story how? Care to shed more light? |
Re: FG Suspends Plans To Borrow $22.7bn by AmTruth: 10:08pm On Mar 16, 2020 |
Diversification is key. God bless Nigeria!!! |
Re: FG Suspends Plans To Borrow $22.7bn by Faber(m): 10:16pm On Mar 16, 2020 |
Witcher: |
Re: FG Suspends Plans To Borrow $22.7bn by highbee7: 10:19pm On Mar 16, 2020 |
Racoon: Eventually due servicing, will in the long run become due(full)payment. BUT! The sad thing, is not the long term repayment tenor but “brown embezzlement”that hinders development. |
Re: FG Suspends Plans To Borrow $22.7bn by Yusman316(m): 10:36pm On Mar 16, 2020 |
Awol1:Don't worry, we will see how govt will carry out projects without money |
Re: FG Suspends Plans To Borrow $22.7bn by Yusman316(m): 10:41pm On Mar 16, 2020 |
Burruchaga71:Wetin dis one dey talk. Something that the senate has already approved, or is Abaribe not in the senate again? |
Re: FG Suspends Plans To Borrow $22.7bn by ALABACONNECT(m): 10:47pm On Mar 16, 2020 |
Money that is going to be used to feed a corrupt society right... Well it's good Sha For your smart TVs, refrigerators, ACs and Soundsystems, check my signature |
Re: FG Suspends Plans To Borrow $22.7bn by Yusman316(m): 10:49pm On Mar 16, 2020 |
Raalsalghul:It makes sense, right? So how do countries without oil get to borrow? |
Re: FG Suspends Plans To Borrow $22.7bn by Yusman316(m): 10:55pm On Mar 16, 2020 |
UNUKHASO:If fuel subsidy is removed, will u agree to buy petrol at 300-400 naira per litre? Or still blame the govt for the high price. Or don't u know that's the only thing keeping petrol price low. Nigeria has the lowest petrol price of all the fuel producing nations |
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