muykem:
There's no sense in what he is saying. You can only advice national assembly not to approve non important loans.

Advice to National Assembly would heal no fruit when you and I know that Femi and Lawan are complete loyalist to this government.

Atiku is angry that buhari didn't invite him to council of state meeting last mouth....

Atiku will never cum

Question : Is government in the business of making profit? what is wrong in government borrowing to fund infrastructure development the country in dere need of??... please check the developed country dept portfolio before you attack.
The fact is that the nation cannot develop without borrowing... being in dept is the game of the rich....saving is for socialist while dept is for capitalist.

IamWonderful:
Atiku tried but writing to rubber stamp and stooges of the president is effort in futility

Probably your lord's( Atiku) brain is dull, that is why he didn't that writting to Lawal is an effort in futility. And this is why people like me will not accept such a man as president.

This is what the national assembly should be doing

post=93459205:
Excerpts.......
Atiku the Camerounian,
Atiku the loser can only turn around the news for his followers, the children of hate, frustration and perdition.
Honest, True and Hardworking Nigerians can't forget the truth of the matter!
It happened just few years ago,
Not 1960!

Read on.........

Chibuike Rotimi Amaechi, Minister of Transportation, has accused former President Goodluck Jonathan also collected loan from China to execute projects in the country.

In an interview with Channels TV, Amaechi said the loan being referred to by the PDP chieftain was actually taken by ex-President Jonathan.

He said: “There’s a gentleman who went to AIT, and said ‘oh I should resign’ and I wonder which university he graduated from, certainly not University of Port Harcourt,”

“He said I should resign. Resign from what? Are you saying those projects weren’t executed? Is there no Kaduna-Abuja railway?

“By the way, he said he is PDP; that loan was taken under President Goodluck Jonathan’s government.

“The loan he’s talking about — the Kaduna-Abuja railway — was signed by the President Goodluck Jonathan government.

“Don’t forget that we told the whole world when commissioning that project, that 80 percent of that project was executed by President Goodluck Jonathan’s government.

“The loan was taken by President Goodluck Jonathan’s government, and for that reason we had to name the train station and infrastructure in Agbor after President Goodluck Jonathan’s government for that laudable achievement.”

Spend more time on editorial instead or reported speeches. If you have been following the news which loan did minister communication sign? The one giving out our sovereignty?

personal59:
funnyfunny

my brother no be atiku and co put us for this problem

abegi o if you wan call statesman don't use atiku name join o only if you wan personalize it

Which problem? Obasanjo cleared debts and we started on a clean sheet. So what are you talking about?

Finnese001:
The presidential candidate of the Peoples Democratic Party, PDP, in the 2019 election, Alhaji Atiku Abubakar, has made a move to stop the government of President Muhammadu Buhari from collecting more loans from China.

In doing this, the former Vice President has written Ahmed Lawan, the President of the Senate requesting the National Assembly to reject any new loan request from the Buhari government meant for “projects that are not viable.”

Atiku, in the letter to Lawan, received on August 25, urged the legislature to also halt approval for loans that are not income-generating or production-based.

The former VP and business mogul pointed out that the country risked insolvency if it continued to borrow money.

Atiku’s letter, a copy of which was made public on Monday, he noted that Nigerians should not fold their hands and watch while the country teeters towards financial peril.

The former opposition presidential candidate noted that as of May 29, 2015, the nation’s total national debt was standing approximately at N12 trillion.

He lamented that as of August 2020, Nigeria’s debt has risen to N28.63 trillion, adding that more alarming was the fact that the foreign debt portion of the country’s national debt has further risen from less than $10 billion on May 29, 2015, to almost $30 billion in August 2020.

“A further cause for concern is the fact that not all of these debts are necessary. A study of the use to which these monies have been put to will show that much of it has gone towards items or projects that are non-productive or viable,” Atiku noted.

The former Vice President noted that the future of youth and unborn generations in the country had been placed in what could very well be bondage-like conditions.

“As such, in view of your role as a check on the excesses of other arms of government, may I suggest that going forward, the National Assembly should refuse to approve any new loan requests, where such loans are to be spent on projects or items that are not income-generating or production-based, or indeed viable,” he said.

https://www.nigerianeye.com/2020/09/loans-atiku-moves-to-stop-buhari.html?m=0

waste of good paper !

muykem:
There's no sense in what he is saying. You can only advice national assembly not to approve non important loans.

Try to read the article next time not the headline

muykem:
There's no sense in what he is saying. You can only advice national assembly not to approve non important loans.

Read well

Dmano:
He who goes a borrowing goes sorrowful,when will Nigeria lend to other Nations

Is it by force to write proverb if you don't know how to write it? No be only sorrowful.
He who goes a-borrowing goes a-sorrowing simple.

Nigeria is even below Ghana when it comes to external debt. Nigeria based on Wikipedia is currently at No.102 on the list. USA is 001.

Atiku has spoken

AlabiJ:
They should first make sure that the Lagos - Ibadan standard gauge rail as well as other SW projects are completed before they start their political loan battles.

Una wan develop with big and impactful infrastructural projects, yet una no get money and una still dey argue over loan money wey the terms still dey reasonable. Na ona sabi.

Simple question : are the loans viable or does it generate capital to grow the economy. The Chinese borrowed loans from imf but those loans was put into use not what is going on in Nigeria where politicians sabotaging those loans with nothing to show for it.
What did buhari use the recovered looted money to do? E.g We can see the Chinese loans in form of projects as evidence, what was the recovered loot use for.

Fear of Piling up bills (debt) for Atiku against 2023. Where is Dr. Nnamdi Azikiwe?

AlabiJ:


Yimu. If na so e easy China go don take over America because America owes more debt to China than any other country. How much money Nigeria don borrow wey una dey make noise? Those that don't want the loans for deve make dem allow the rest wey wan collet am collet am. Debt is a viable instrument of financing as long as it is used for what it is meant for. Every big corporation and billionaire has taken on debt. Your business can never expand and grow exponentially without debt. You people should stop these political scare tactics over this debt matter.

America is not owing China they way Nigeria is owing China. America did not collect cash from China like Nigeria did.
China bought American government bonds and they can sell it at anytime they want. Besides, as at today, other countries like Japan and the UK has overtaken China in holding American govt bonds because China has been gradually offloading US bonds it bought. Besides buying American bond keeps the yuan low against the dollar which is good for Chinese exports so it is a win win
So don't use America situation with China to compare Nigeria. One is selling bond to the Chinese while the other is collecting raw cash from the Chinese.
This is how you people are deceiving Buhari to drown Nigeria into debt thinking that America is owning China raw cash

osazsky:
do u know how much trump and gej borrowed and tinubu too when he was governor..how then did u think he got those 5 bullion Van's.. loans that was reborrowed out at very high interst

Hmmn

J111333:
By this, Atiku has done what an elder statesman ought to do at this time of maladministration and a history note has been taken whether they heed his advice or not.

Keep deceiving yourself. Do u think he care about the masses? He is only playing politics.

Is so sad that a country that depend almost 100% in crude oil is still collecting numerous loans for children naming ceremonies,

I have never seen a wicked and vision less group of people like satanic men that is running Nigeria affair, They are only there to steal, support their evil agenda and fight to put their family and friends in positions so that the can continue to milk, no one cares about the future of the country.

Sometimes i feel that God punish Nigeria through bad leadership the nation situation is more than hopeless, the present government don't even have direction were they are going, the country is destroy beyond repair is only God can help Nigeria.

Of course they are trying to create more problems for us, afterall their days on earth are less than 35/40 years what will be the fate of our coming generations or are they going to rename the country after much debts.

AngusTV:
The loans are actually getting too much

Saintp:


America is not owing China they way Nigeria is owing China. America did not collect cash from China like Nigeria did.
China bought American government bonds and they can sell it at anytime they want. Besides, as at today, other countries like Japan and the UK has overtaken China in holding American govt bonds because China has been gradually offloading US bonds it bought. Besides buying American bond keeps the yuan low against the dollar which is good for Chinese exports so it is a win win
So don't use America situation with China to compare Nigeria. One is selling bond to the Chinese while the other is collecting raw cash from the Chinese.
This is how you people are deceiving Buhari to drown Nigeria into debt thinking that America is owning China raw cash

Gerrarahia. China loans are paid directly to the contractor (whom happen to be Chinese),executing the projects they are earmarked for, while Nigeria pays a small fraction as its own counterpart funding. Some of you are so ignorant of facts of the subject matter but politics has messed up your minds. Na una sabi.

Pollosa1:
how exactly will he do that. Is he in government?

Learn project/research analysis with SPSS & Eviews via zoom/whatsapp, for just N5k. Please call/whatsap:> +234 814 565 8405

You want to teach people project / research analysis?

You who can't read a simple article before commenting ?

I feel sorry for anyone who patronizes you

J111333:
By this, Atiku has done what an elder statesman ought to do at this time of maladministration and a history note has been taken whether they heed his advice or not.

Did he not do something similar when Obasanjo was frantically looking for a third term, even at the risk of his own political future

Nightstalker:
You want to teach people project / research analysis?

You who can't read a simple article before commenting ?

I feel sorry for anyone who patronizes you

Thanks for flagging the half baked hustler. Hopefully many will be saved by your vigilance and alert notification above.

Good!... Before dude outrightly auctions the shithole to China.

AlabiJ:


Gerrarahia. China loans are paid directly to the contractor (whom happen to be Chinese),executing the projects they are earmarked for, while Nigeria pays a small fraction as its own counterpart funding. Some of you are so ignorant of facts of the subject matter but politics has messed up your minds. Na una sabi.

Y are u getting angry? D guy provided information to counter ur claim about America borrowing from China. I expected u will retort back to negate what he said. Instead u are giving a very watery response.

Did d Nigerian govt collect d loan u say it pays to d Chinese contractor from d Chinese contractor?

My dear, we don't have law. I stay in KZ and i am telling u these guys are not better than us but with d little they have,things are moving very fine for them. have always said it that an average Nigeria knows d problems and solutions to Nigeria's problems but he or she won't do it because of greed

Maobichek:
Do you know the problem with us? Nobody want to take responsibility, tomorrow another person will continue from where PMB stopped and will continue talking about our past leaders. if you catch a thief now, he will remind you of ppl who have stolen in the past but still walking around free. I felt bad that our senator received 20million as covid 19 allowance each, house of Representatives 15 million each but can they give account on how they use the monies on palliative, the answer is "NO." The level of evil in this country is nothing to write home about, politics is now the most lucrative industry in Nigeria.

lexy2014:
Did d Nigerian govt collect d loan u say it pays to d Chinese contractor from d Chinese contractor?

Here is what Amaechi the govt. Representative said:

https://www.premiumtimesng.com/news/more-news/406420-amaechi-explains-sovereignty-clause-in-500m-chinese-railway-loan.html

“I told them at that meeting, that these loans are not given to us, they are paid directly to the contractor. Once we sign that the job has been done, they pay the contractor. And this has never been done before. So what is critical is that the projects are being done. Or, are they trying to rubbish the fact that there is a railway from Abuja-Kaduna?

I hope you guys will free me after this. I am allergic to stupid people.

Good advice

ogwuche4u:
Nigeria is even below Ghana when it comes to external debt. Nigeria based on Wikipedia is currently at No.102 on the list. USA is 001.

US No. 001 while Nigeria No. 102, What's are you insinuating?
Please you should also post how many jobs those countries provide daily & weekly, because that is the only way you will understand the different between,

COLLECTING LOANS FOR INVESTMENT to provide jobs for the masses, improve economy and standard of living &
COLLECTING LOANS FOR CHILD NAMING CEREMONY.