Which infrastructure, you mean the Niger rail way

Peter Obi has so much to do when he becomes president next year

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I'm really getting tired of listening to these fools!

Oghenemero! Which kind people dey rule this country for heaven sake!!!

madridguy:
Adamu is 100% correct. Even multinational corporations depends on loan.

Satanic umbrella party and their Ipob disciples go soon arrive to attack someone old enough to be their grandfather.

Are you human with independent brain? Is there anything that this government will do you can't defend? Even when Fulani were killing everywhere, you even defended them because, APC?

Where do politicians get living things like you?

The wizard of Nasarawa has found his voice .
May God buffet your lives exact way APC loans are destroying Nigerian families.
Amen.

Lol. Stomach infrastructure.

madridguy:
Adamu is 100% correct. Even multinational corporations depends on loan.

Satanic umbrella party and their Ipob disciples go soon arrive to attack someone old enough to be their grandfather.

u n adamu are brain dead

Bar man please play me I SURRENDER by Eazi ft Simi,Atiku and Tinubu.

madridguy:
Adamu is 100% correct. Even multinational corporations depends on loan.

Satanic umbrella party and their Ipob disciples go soon arrive to attack someone old enough to be their grandfather.

Those multinationals declare commensurate profits with adequate ability to service the loans without hurting their sustainability.

If Nigeria of today were your company, would you celebrate or declare a commensurate profit??! Does Nigeria even generate substantial revenues to deflect the burdens of these astronomical debts?!! How much of these loans have yielded equitable or equivalent dividends?!!!

Many of you need lessons in proper economics.

madridguy:
Adamu is 100% correct. Even multinational corporations depends on loan.

Satanic umbrella party and their Ipob disciples go soon arrive to attack someone old enough to be their grandfather.

mumu man, Are they using the money that is being borrowed effectively and effectively? You will always sounds stupid for supporting This Buhari government.

madridguy:
Adamu is 100% correct. Even multinational corporations depends on loan.

Satanic umbrella party and their Ipob disciples go soon arrive to attack someone old enough to be their grandfather.

Do you know that they technically borrow to service loans in Nigeria,what do you know about Nigerian loan you dingbat?

You go just open dirty mouth wah dey talk rubbish,fool!

madridguy:
Adamu is 100% correct. Even multinational corporations depends on loan.

Satanic umbrella party and their Ipob disciples go soon arrive to attack someone old enough to be their grandfather.

borrow to build railway to niger republic and to settle fulani bandits that's where our own dey go,the money wey USA dey borrow na dem get am too

Where is that infrastructure, is it the one they are constructing to Niger, Loan is Good only when is meant for positive project that can yield positively not the way you people are stealing it in this country...

The Us borrows not because they can print UsD but because they can maintain their debt to GDP ratio at a sustainable rate by controlling the interest rate. As long as their growth rate remain higher than the interest rate of borrowing, they are able to service their debts. This is the basic principle of borrowing and why Nigeria’s current capital structure is broken

Iamgrey5:
The only country in the world that borrow forever is the united states of America.

That's because the global currency of choice is the American Dollars, So they simply raise the debt celling (print more currency) when they need more money.

Although inflation can become a real problem, if they print too frequently without finding ways to reduce the money in circulation.


Nigeria on the other hand, can only borrow money until our debt to tax ratio is dangerously close as it is now.

When it is close, we will simply be using a substantial portion of our budget to service debt and have very little left to run the government or do capital projects.

As it is now, we run the risk of a total default as we are running out of money to run the government because of debt servicing.

NB: We can't use debt to GDP ratio in Nigeria because our tax to GDP ratio is very low.

Clowns

unclejb2:

Peter Obi has so much to do when he becomes president next year

The very first and right thing Obi or anyone who wins should do upon swearing in is to tell his citizens the HARD truth!

The nation has been rendered economically moribund by over 2 decades of poor leadership, and can not be fixed even in 2 tenures! That the nation is one more unpayable loan away from being rightly and truly re-colonized.

From there, he will have to take stringent measures to half the costs of governance immediately! Then cut down silly and needless expenditures like useless projects E.g Railways which no serious person uses.

Is a pity for this administration.

Nah wetin dey give dis people mind sef


Chairman of Old People Association

This is the Wordiest government in the history of humanity.
They are not even planning to move forward even with the gravity of disaster the brought to this country. When would Nigeria start loaning other country money??

Useless and stupid old bunch fools.

uche92:
The Us borrows not because they can print UsD but because they can maintain their debt to GDP ratio at a sustainable rate by controlling the interest rate. As long as their growth rate remain higher than the interest rate of borrowing, they are able to service their debts. This is the basic principle of borrowing and why Nigeria’s current capital structure is broken

That is also true

Who is saying you should not borrow? Is that the issue?
The issue is when you are borrowing more than you are generating.... How do you pay back?

Loans can only be good if the masses are benefitting from it, and not the ones borrowed and later shared or embezzled among themselves. Oju oluwa n woyin! E mura si

Shameless aboki.

40billion!!!! Dollars not naira and we don't even have the infrastructure....you must be mad.

Why are they all sounding stupid each time they try justifying their bad governance...

If U are not doing well...u are not doing doing well...regardless of how u explain urself...

Not condemning ur loan ...Except u borrow and ensure to pay back all before handing over to next administration...also let it be rightly utilised for the intended borrowing purposes!

Rubbish talk. Obasanjo paid our loans. And even paid in excess. Part of the excess was the Paris funds that was used as bailout by Buhari...una go just de yarn

How much of the loan used is judiciously used for the purported infrastructure? Can revenue from the various infrastructures repay the loan? Stop comparing Nigeria with US, UK and Canada that have working systems. Nigeria elevates persons above system, and corruption is the norm.

unclejb2:

Peter Obi has so much to do when he becomes president next year

nobody should expect any miracle in 4 years but there will be progress but that promise Land will take time. This administration has set us back to 1999.

Iamgrey5:
The only country in the world that borrow forever is the united states of America.

That's because the global currency of choice is the American Dollars, So they simply raise the debt celling when they need more money.

Although inflation can become a real problem, if they print too frequently without finding ways to reduce the money in circulation.


Nigeria on the other hand, can only borrow money until our debt to tax ratio is dangerously close as it is now.

When it is close, we will simply be using a substantial portion of our budget to service debt and have very little left to run the government or do capital projects.

As it is now, we run the risk of a total default as we are running out of money to run the government because of debt servicing.

NB: We can't use debt to GDP ratio in Nigeria because our tax to GDP ratio is very low.

Nigerian debt is not sustainable. When loan repayment becomes bigger that the total income of the nation you know you are in crisis.