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Nairaland Forum / Nairaland / General / Politics / FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States (5281 Views)
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FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by ManirBK: 9:05pm On Nov 18, 2021 |
Gets additional N750m from World Bank for states’ accountability programme •Let’s cut down on wastes, Sanwo-Olu urges other Govs The Minister of Finance, Budget and National Planning, Mr. Zainab Ahmed yesterday disclosed that President Muhammadu Buhari has okayed the release of N656.1 billion for states over a period of six months to cushion the effects of their ongoing repayment of their bailout facilities as well as to enable them meet their salary obligations.https://www.thisdaylive.com/index.php/2021/11/16/fg-approves-n656bn-to-cushion-effects-of-bailout-deductions-on-states/?fbclid
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Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by ManirBK: 9:06pm On Nov 18, 2021 |
God bless BABA BUHARI God bless Nigeria. Over to you wailers.. 9 Likes 1 Share |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by mrvitalis(m): 9:28pm On Nov 18, 2021 |
Where would this money cone from ? Una just dey print money anyhow they give states they cause unnecessary inflation FG that barely gets 350billon a month with wage bill n debt servicing of over 450 billion combined is now generating 600 + billion to give to states This is what peter obi was saying the other day States are complaining they can't meet debt servicing obligation ,that it's taking a high portion of their revenue and this people thing the best solution is giving states more loans ? I don't really understand this at all North 2023 abeg no igbo man should near that presidency abeg 9 Likes 1 Share |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by tradepunter: 5:45am On Nov 19, 2021 |
Loan to cushion loan 5 Likes |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by szczescie(m): 5:45am On Nov 19, 2021 |
FG just dey spend money wey dem no get ON NONESENSE. why spend loan to cushion loan now you have multiple interest to pay they are just looting the money if not there's no reason for this Spend money on things that will bring money and those things will be used to pay off loans rather than spending loan on more loans 1 Like |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by kingphilip(m): 5:46am On Nov 19, 2021 |
Dem de borrow money to borrow other people money. Nigeria sha. I hope we get governance right someday because na left we de go up and down so |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by ignis: 5:47am On Nov 19, 2021 |
Unnecessary expenses funded by borrowing. Fulani herdsman president 1 Like |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by mhktaryan: 5:50am On Nov 19, 2021 |
That sounds unreasonable |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by chiedu7: 5:57am On Nov 19, 2021 |
ManirBK: God can never be happy with Buhari for the Christians he has killed Us the Southerners are not happy, he left the South that generates the money to invest in Niger Republic 1 Like |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by system21: 5:58am On Nov 19, 2021 |
Buhari and his almajiri system of government |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by Tannhauser(m): 6:03am On Nov 19, 2021 |
ManirBK: Do you have a brain? Can you use it, at least once before it completely rots away? How on earth does using another loan to cushion the effects of repaying a previous loan, while paying serious interest on both loans make sense to you? Am I missing something? Someone should please make this make sense 1 Like |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by Mayour11(m): 6:05am On Nov 19, 2021 |
And the cycle of loans continues. Most of them are more interested in accumulating funds for either their reelection or (since rigging may not be easy anymore so they're more interested in vote buying) or securing their bag for retirement. Most times, these loans are unnecessary if all the chain involved are honest. But they have ungloriously inflated every thing so we all are bearing the brunt now. 2 Likes |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by Coolgent(m): 6:14am On Nov 19, 2021 |
Oh Allah don't let this incompetent president keep on inflicting pain to Nigerians 1 Like |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by JAMO84: 6:34am On Nov 19, 2021 |
mrvitalis:You admit They are not making enough money. You don't want them to take loan You don't want them to print money What do you want them to do? 1 Like |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by Grace001: 6:36am On Nov 19, 2021 |
At least CBN didn’t print more money this time |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by Nobody: 6:46am On Nov 19, 2021 |
Okay So tell us how much go enter ganduje babariga? |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by bendike: 6:50am On Nov 19, 2021 |
ManirBK:So gov giving loan to cushion another loan makes sense? I owe sokoloan or paylater etc and hooked to my neck, sokoloan then gives me another loan to cushion the loan I am owing them? Omo it can only make sense to an almajeri. |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by bendike: 6:54am On Nov 19, 2021 |
Tannhauser:Dont bother, it can only make sense to an abokii almajeri. No rational person can make sense of this. You end up scratching your head.. |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by Pakoyi95: 6:59am On Nov 19, 2021 |
This our so governors are funny, Education matters in everything now that is for the President, I don't think he understands this people, they will be saving the money for their own personal use, FG is wasting money like mad, Mostly Awon Oloribu gomina won't embark on a project that will earned or improve their igr. Look at Sanwolu of the commissioned car park... 1 Like 1 Share |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by Fuckjesusandgod: 7:10am On Nov 19, 2021 |
He's a zombie. They can defend the indefensible. Tannhauser: |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by kingjoe(m): 7:29am On Nov 19, 2021 |
I don't understand.please those good in economics explain to me . taking a facility to pay a facility. Why can't fg just offset the debts incurred by the states.and ensure prudence by the states subsequently. 1 Like |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by ivandragon: 7:40am On Nov 19, 2021 |
Rather than more money to cushion the loan, why not restructure the repayment? 1 Like |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by Chuksmonika(m): 7:40am On Nov 19, 2021 |
Zimbabwe may be better than Nigeria if urgent steps ain't taken. |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by justiz5(m): 11:42am On Nov 19, 2021 |
A certain Governor from the Middle Belt region will still collect the money and not pay worker's salary and arrears. He will use the money to find his Senatorial ambition. Benue State has suffered
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Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by Poleski: 9:08pm On Nov 19, 2021 |
They always loot the money! |
Re: FG Approves ₦656 Billion To Cushion Effects Of Bailout Deductions On States by Poleski: 10:59am On Nov 20, 2021 |
Criminal Okezie IKPUazu will still not pay workers he owes 2 years plus!! Abia State is cursed! |
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