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Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? (18199 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)

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Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by gnykelly(m): 5:36pm On Apr 11, 2020
SweetCunt97:
That Nigerians keep voting in! Why can we vote in people with good credentials and not just silly popularity.

Only God will punish d people that bought this nonsense Idea of change as if they did not experience buhari's abysmal failure as a military leader

Jonathan was a PhD holder. it's not about credentials. it's about knowledge and deep wisdom
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by Legendguru: 5:43pm On Apr 11, 2020
failed government
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by Crizillion1(m): 5:47pm On Apr 11, 2020
Gettout
kikero:
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.
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by Nobody: 5:49pm On Apr 11, 2020
Crizillion1:
Gettout

1 Like

Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by SweetCunt97(f): 6:21pm On Apr 11, 2020
gnykelly:


Jonathan was a PhD holder. it's not about credentials. it's about knowledge and deep wisdom
PhD in what exactly? We need economists
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by gnykelly(m): 7:14pm On Apr 11, 2020
SweetCunt97:
PhD in what exactly? We need economists

you need people who know the system not economics
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by SweetCunt97(f): 7:15pm On Apr 11, 2020
gnykelly:


you need people who know the system not economics
Buhari knows d system now but look at what's happening.
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by Mospring(m): 7:20pm On Apr 11, 2020
This too shall pass
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by gnykelly(m): 7:22pm On Apr 11, 2020
SweetCunt97:
Buhari knows d system now but look at what's happening.

he knows nothing
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by LoveJesus87(m): 7:45pm On Apr 11, 2020
TheKingIsHere:
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
shocked shocked
My brother am trying o any way you can help me pls cry
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by KGREAT(m): 8:08pm On Apr 11, 2020
Until Nigerians troop to Abuja and all the state capitals to demand for true federalism. We will continue to cry in Nairaland and social media. The only language nigeria politicians under stand is protest and violence. They are callous and Wicked
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by kunletexs: 8:57pm On Apr 11, 2020
Is time some government personnel kiss the earth bye bye.

Haba, na loan upon loan yet no results.

The useless government were mocking PDP then for dragging the nation into debt but here we are, they threw us into drbt.

Can't you have stopped the useless senators from sharing brand new cars and divert the money into something reliable.

Professional sniper, where are you?
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by sulaak(m): 9:30pm On Apr 11, 2020
SweetCunt97:
That Nigerians keep voting in! Why can we vote in people with good credentials and not just silly popularity.

Only God will punish d people that bought this nonsense Idea of change as if they did not experience buhari's abysmal failure as a military leader

Nigerian wanted a messiah so they voted in Buhari.
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by Convid80(m): 10:09pm On Apr 11, 2020
The way things are going now, I will not be surprised to hear that Nigeria has been Sold.
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by highflyer012020: 10:43pm On Apr 11, 2020
opalu:
Okay oo
bros i want to learn how to design house in 3d . can u teach me please
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by NordicMartins: 2:08am On Apr 12, 2020
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Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by Nobody: 6:13am On Apr 12, 2020
seems china would soon have a grip of this country and it would be better at least we would have good roads and a stable economy when the debts are settled then we can start afresh this time.lol
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by kizyalex10(m): 7:07am On Apr 12, 2020
rodeo0070:

https://brandspurng.com/2020/04/11/nigerias-new-6-9bn-foreign-loan-application-a-case-of-a-necessary-evil/
most countries that have provided good governance aint owing so much even after providing stable power supply.good roads water,good health care nd jobs.they carry out all these without owing much yet ours are jusy borrowing to still loot the money they borrowed.putting us in more serious problem yet can't do anything with the money. God will hit all of you with corona virus including ur families ill advicing u
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by newisd75: 1:09pm On Apr 12, 2020
buhari government at its best again in yahoo boy activity in form of loan scam
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by DonroxyII: 2:04pm On Apr 12, 2020
kettykings:
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
Out of the 100b you mentioned , bubu and cronies will pocket 20b in one form of shady deals and another ....

Mismanagement and misappropriation everywhere !!
Re: Nigeria’s New $6.9 Billion Foreign Loan Application – A Case Of Necessary Evil? by DonroxyII: 2:05pm On Apr 12, 2020
homealone00:
This country don weak me finish, I renounce my citizenship undecided

Abeg if America wan borrow money, who them go borrow from
China, IMF, IBRD, etc !!

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