Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,337 members, 7,954,386 topics. Date: Friday, 20 September 2024 at 05:55 PM |
Nairaland Forum / Nairaland / General / Politics / Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? (18349 Views)
NNPCL Fails To Remit $6.9 Billion, Swaps $7.1 Billion Worth Of Crude In One Year / Nigeria To Borrow $6.9 Billion From World Bank, IMF, AFDB / Buhari Seeks Approval For Foreign Loan Rejected By Senate Under Saraki (2) (3) (4)
(1) (2) (3) (4) (Reply) (Go Down)
Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by rodeo0070(m): 1:47pm On Apr 11, 2020 |
This week, the National Bureau of Statistics (NBS) on Monday published Nigeria’s public debt stock figure for Q4’2019 which shows that the country’s total debt as at 31 December 2019 stood at ₦27.4 trillion (or $84.05bn), comprising of ₦9.02 trillion (or $27.67bn) external debt and ₦18.38 trillion (or $56.05bn) domestic debt.https://brandspurng.com/2020/04/11/nigerias-new-6-9bn-foreign-loan-application-a-case-of-a-necessary-evil/ 7 Likes 1 Share
|
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by digicreator: 1:50pm On Apr 11, 2020 |
This is serious o This is Nigeria! Meanwhile... Get access to over 100,000 highly rated digital products that you have ownership rights to make your own, customise and resell. Get Training on how you can sell these digital products on Facebook using Paystack. PRICE: N1,000 Only (One Time Payment) 5 Likes |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by kettykings: 1:51pm On Apr 11, 2020 |
The problem of Nigeria does not seem to be the fragile economy but an inept , good for nothing , incompetent administration. it seems Nigeria is now out of gear ,one of them even suggested printing more Naira notes to bailout the economy. with the way things are going , even if a lender gives Nigeria $100b it will still not be enough to get the country out of the woods 97 Likes 9 Shares |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by legalwealth(m): 2:27pm On Apr 11, 2020 |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by Shellsploit: 2:27pm On Apr 11, 2020 |
This kain country sef! 14 Likes 1 Share
|
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by homealone00: 2:27pm On Apr 11, 2020 |
This country don weak me finish, I renounce my citizenship Abeg if America wan borrow money, who them go borrow from 38 Likes 2 Shares |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by Nobody: 2:27pm On Apr 11, 2020 |
It is Because quite simply, we are not earning enough from oil. Oil accounts for most of our earnings, and the price is too low for us to make much. The fact is, our budget is just about $26 billion dollars. Our reserve is about $33 billion now. All for a population of 200 million people. Comapre with the UK which spends $100billion for health alone. Add the fact that corruption and looting would chop most of our money. The truth is, we are not a rich nation. Both parties in Nigeria are not interested in changing Nigeria because Nigerians themselves want the money to be shared. We won't spend what little we have on developing our productive capacity. Instead, we use the money for sharing. That's why we can never develop, and why we will be taking loans. We are not earning enough money. And until we change our mindset to that of a producing industrial nation, we shall be where we are forever. 47 Likes 7 Shares |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by kgr8mike(m): 2:27pm On Apr 11, 2020 |
Borrowing to steal is a crime against Nigeria posterity. Borrowing to steal the borrowed fund is a sin that will not be forgiven. Nigeria is facing COVID-19 and funds meant to alleviate the frustration of the Nigerian people are lost to fire in their billions and shared to anonymous fellows in billions. Nigeria is facing COVID -19 lockdown and some part of the country are categorized as more venerable than others and some individuals categorized as more in need than others. These are sins that will not go unpunished. These sins will not go unpunished as they borrow more to steal more and leave the present Nigerians in pains and the future Nigerians in depth. 15 Likes 1 Share |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by cruzydal(m): 2:27pm On Apr 11, 2020 |
Our politicians are the real yahoo boys 11 Likes 4 Shares |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by laosy(m): 2:27pm On Apr 11, 2020 |
All these amounts una dey mention no dey tire you ni?.. wetin concern me concern naija debts?, if they get profit, will they call me to analyze how we would spend it!?? Abegi no stress us for this debts talks again oo, the advice we gave them the last time, did they implement it!?? |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by airminem(f): 2:27pm On Apr 11, 2020 |
Where is the donated BILLIONs 3 Likes |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by tophumble(m): 2:28pm On Apr 11, 2020 |
My problem is not the loan but how well it will be utilized. Those in the North are waiting to devour the loan as soon as it arrives. 1 Like |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by Tetrahedron(m): 2:28pm On Apr 11, 2020 |
As if u all werent aware? Hypocrites |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by citruslimited(m): 2:28pm On Apr 11, 2020 |
Nigeria How did we get to this point, when will all these loan be paid back. When the loan borrowed in the 80s and 70s have not being paid back 2 Likes |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by qanda: 2:28pm On Apr 11, 2020 |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by SweetCunt97(f): 2:28pm On Apr 11, 2020 |
Obasanjo bailed us out of the debt and look how deep we in it now... 16 Likes 1 Share |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by TheKingIsHere: 2:29pm On Apr 11, 2020 |
By the time the incompetent mor0nic dullard and the useless APC renders and buries this country in debts, no amount will be able to deliver it. Pack your load now and japa ooo 16 Likes 1 Share |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by Elan83(m): 2:29pm On Apr 11, 2020 |
ok |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by jericco1(m): 2:29pm On Apr 11, 2020 |
Since the fall of Constantinople in the year 1453, a greater evil has never occurred till this administration came into power 13 Likes 2 Shares |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by opalu: 2:29pm On Apr 11, 2020 |
Okay oo
|
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by money121(m): 2:29pm On Apr 11, 2020 |
Ok |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by kingzjay(m): 2:29pm On Apr 11, 2020 |
Soon, very soon, with the level of borrowing by our government, a time will come when this country will we ruled by the Chinese and others we're owing. By then, they will take over the production of everything including our crude oil, just to recover their debt. We're heading to a complete mess 12 Likes |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by Goldencheese(m): 2:29pm On Apr 11, 2020 |
Buhari's govt keeps getting us into debt with no positive outcomes on the ones taken in the past. So far, Nigerians are yet to receive any tangible palliatives. Even the two months of free electricity that I thought they had agreed to give to Nigerians, the FG yesterday night said it was still looking at it. Meanwhile, donations are pouring in from everywhere yet nothing to show for them. It is really unfortunate that a govt that rode into power shouting Change and Next Level doesn't have anything to offer to Nigerians rather it has taken Nigerians deeper into debt, poverty, insecurity, smallness and retrogression. Nigerians....don't give up. This govt shall soon pass but we need to wise up regarding our choice of leaders going forward. We also need to take our destinies in our hands by becoming financially literate and building relevant skills that will make us financially independent in this 21st century. Buhari and his party like others before them na wash. 9 Likes 2 Shares |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by Nobody: 2:30pm On Apr 11, 2020 |
Come and see your brainless daddy is doing great work. At least from the money he loaned he is using part of it to sponsor your 30 k NPower program. 13 Likes 2 Shares |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by emmyrate1(m): 2:30pm On Apr 11, 2020 |
rodeo0070:i don't really know how Nigeria will be great again. 1 Like |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by orunmila144: 2:30pm On Apr 11, 2020 |
borrowing 6 billion so that house of senate and reps can all buy brand new cars with the money 10 Likes |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by BHigher(m): 2:30pm On Apr 11, 2020 |
Nigeria is a ticking time bomb. A disaster waiting to happen!!! 3 Likes 1 Share |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by ArcSEMPECJ(m): 2:30pm On Apr 11, 2020 |
Speechless... That's how this bubu administration makes me feel....... Fulani government of Nigeria......FGN For your building constructions and contemporary home designs......... Contact us today @ Cjkatas konsults ltd.. 07061209159 or e-mail us @ arcjonsults @ gmail.com.... 1 Like |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by kem52287: 2:30pm On Apr 11, 2020 |
2863905 |
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by Blitzerz: 2:31pm On Apr 11, 2020 |
These foreign lenders should be petitioned. They shouldn't give us this loan. We won't pay back. We can't sell the future. 5 Likes 1 Share |
Premium Times Responds To Peter Obi On Pandora Papers / Aregbesola Inspects Projects In Osun, Hailed By People - Photos / Buhari Has Reduced Himself To President Of Katsina, Not Of Nigeria — Pa Adebanjo
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 29 |