ITbomb:
If you no get money why you build, must you borrow?

Infrastructure building is always done when you are buoyant not when you are even borrowing to survive

JidennaJason:
The self-acclaimed "Giants of Africa" now an object of Mockery to the world. All thanks to our "Borrow Borrow" President who is barren economically, intellectually and socially.

Not only did General buhari made us the World capital of extreme poverty, he garnished it with the most dangerous country to live in....

[s]Under the peaceful GEJ administration, we could boast of a fast growing economy, and less security issues, Surprisingly, GEJ placed us number one in the fastest growing economy ranking in Africa, but General buhari and his gang of Efulefu's had other plans.[/s]


Which way Nigeria?

ursullalinda:
Yet we want to go borrowing knowing fully well that we must default.......How did we settle for this greedy and selfish people as leaders.........they are only after their loot and not what happens after.

pafra:


Why do you think I am defending Buhari. Can't we have mean full discussion without politics?
Check my other post for confirmation.

I agree with you on diversification but that will be on the long run. It can not produce the kind of money needed for the railways in the short run.

But it can in the long-term when proper infrastructure have been put in place

I am in no way supporting the government. But will agree on borrowing for critical infrastructure if the money borrowed are meant for the purpose and not looted

Charleys:
The trick is to continue borrowing so that you can default on your debts and China can write off those debts.


Or keep borrowing while negotiating for Debt forgiveness

Charleys:
The trick is to continue borrowing so that you can default on your debts and China can write off those debts.


Or keep borrowing while negotiating for Debt forgiveness

I don’t know if you are being sarcastic but this comment is damn funny

ursullalinda:
Yet we want to go borrowing knowing fully well that we must default.......How did we settle for this greedy and selfish people as leaders.........they are only after their loot and not what happens after.

layzie:


This mono economy same govt has refused to diversify since 2015 abi. Diversification was one of the core mandates of this govt in 2015.

acenazt:
you rather stay redundant.

ursullalinda:
Yet we want to go borrowing knowing fully well that we must default.......How did we settle for this greedy and selfish people as leaders.........they are only after their loot and not what happens after.

pafra:
Guys it's easy to criticis the government. Critically let's look at the situation of Nigeria.

Nigeria is a mono economy that depends on oil. The price have been down since the government came in it means, the amount realize from sells of oil can not finance our budget.

Please as Nigeria that want to see the country better let's list other forms of financing the budget outside borrowing.

Forget hate and let's talk about the nation

Esseite:
This is what "loosing sovereignty" looks like...

SmartPolician:
I don't see any problem wrong with this

Only Nigeria has no plans to repay the money

pafra:
Guys it's easy to criticis the government. Critically let's look at the situation of Nigeria.

Nigeria is a mono economy that depends on oil. The price have been down since the government came in it means, the amount realize from sells of oil can not finance our budget.

Please as Nigeria that want to see the country better let's list other forms of financing the budget outside borrowing.

Forget hate and let's talk about the nation