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Next Nigeria President Is In Trouble With All The Loan So Far - Politics - Nairaland

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Next Nigeria President Is In Trouble With All The Loan So Far by cybertruss(m): 3:25pm On Nov 11, 2021
Na want for our Senate.

https://www.premiumtimesng.com/news/headlines/494627-senate-approves-buharis-16-2bn-e1m-loan-request.html

Nigeria is being sold out with these loans and no one is saying anything
Re: Next Nigeria President Is In Trouble With All The Loan So Far by Abdul05: 3:26pm On Nov 11, 2021
Don't worry abt that , just support Tinubu for president grin grin
Re: Next Nigeria President Is In Trouble With All The Loan So Far by PAtoGCFR2034: 3:35pm On Nov 11, 2021
cybertruss:
Na want for our Senate.

https://www.premiumtimesng.com/news/headlines/494627-senate-approves-buharis-16-2bn-e1m-loan-request.html

Nigeria is being sold out with these loans and no one is saying anything

The country is over 60trillion in debt yet everyday you see illiterates and deluded fellows on here including ones supposedly with education still continue to defend this administration.
Re: Next Nigeria President Is In Trouble With All The Loan So Far by Nobody: 3:36pm On Nov 11, 2021
Just as his predecessor inherited loans, and his predecessor inherited loans

Reason why we take loans is the same reason why most African countries are on loans...the price of whatever we sell is never high enough for our needs....so we take a loan to meet up.

Like now, oil is at $86 a barrel. We need it to be at $130 or more per barrel before we can avoid loans. Either we take loans, or we would end up with people not being paid salaries for at least 12 months nationwide.

Obasanjo did pay off our loans..in 2006...but that was because the Paris club was in a good mood then, cancelling all the loans of many countries. FOR Nigeria they cancelled 67% of our loans and we paid the remaining balance. Within a few years, we were back to taking loans.

I honestly don't like the way APC and PDP use this loan issues to mudsling each other. The way out of loan issue is to change our economy from being a resource dependent economy to an industrial economy. Or we are still going to take loan after loan after loan.

Which is why APC has failed. They had opportunities to change our economic paradigm over the last 7 years, but no. Ditto PDP.

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