Ok

That loan, won't federal government pay it back? What will happen to Naira when they'll be paying it back?

Wagostama:
Bad belle

As how??

So true

Risingblue008:
I no blame pple wey vote tinibu the druggie infested human,
If u notice,lagosians no dey travel,thereby stick to one believe dt tinibu go fit run this country,lagosians don't travel,ask if u think I'm lying,the only pple wey dey travel for Lagos na only politicians and musicians,
Lol,so how Dem wan take knw d meaning of development?whole those supporting him are seen in roads,junctions,uncompleted buildings,dey drag who go friend agbo woman
,
Lagos eyes never open that why no fit talk rubbish from mouth as far I'm concerned

it was a stolen mandate all in the name it is my turn

Klington:
The money is meant to be looted by the same people that borrowed it.

Nigeria is a crime scene.

Meanwhile, we're still waiting for the so-called N500bn palliative they promised their zonBe praise singers.

u be chimpamzim.. I kw u live in d jungle so u only rely on iPob news

Dreamhighnow:
They have borrowed again in a cunning way and some people celebrating. I thought Nigerians are so smart. But I discovered Nigeria actually has a very hight numbers of gullible people

Another sakamaje

Roll out your viable real life economic policies and let's see it happening

Go and buy dollar..
This magic won't work

Free2airing:
It's better than to he seeing Naira falling

It will continue to fall.....you can't use firebrigade approach when it comes to the economy

Zupay:
Borrow dollar to stabilize naira and use the dollar pay for import, after it has been depleted. loan has to be repaid. Makes no economic sense.

This loan won't be repaid with cash. The collateral here is certain volume of untapped crude oil still inside the ground.

It is like taking an upfront payment for goods and services

Free2airing:
It's better than to he seeing Naira falling

No mind am

Can’t believe with need dollars to better our economy the world need to find a way to stop the dominate of dollars .

Dubious or not, let them stabilize the naira.

easzypeaszy:
u be chimpamzim.. I kw u live in d jungle so u only rely on iPob news

I know you have a very poor IQ of a low grade !mbécíle. I understand your frustrations.

[color=#000099][/color]

Tareq1105:
Hatred will kill Atiku.

I expect any right thinking Nigerian to support any step to stabilize the Naira except for Atiku and his co travellers.

How would someone hate his country just bcoz he lost election?

Atiku for your information, Nigeria and Nigerians would not wait for you.

Borrowing $3 billion by NNPC will stabilize Naira? Are u high? Is NNPC a CBN? If they said that they borrowed it to repair PortHarcout refinery do you think that people will react? NNPC should channel the money to repairing of refinery. They can't stabilize Naira.

leisuretym:
How will Atiku pay all the loans he took from his Dubai and Turkish associates for election? He can’t go to Dubai anymore, he has to pay the debts, chai. I can feel his pain.

You are talking off point.. How's his personal life your business.? Him be dryg pusher?

Tifnubu has nothing to offer Nigeria, only crumbling our economy and looting with his gangs. Know this and know peace.

leanonme82:
It has to be stabilized through NNPC. The oil imports are putting too much pressure on the newly deregulated FOREX market. It's good & creative way to stabilize the dollar demand.

The naira freefall can't be allowed to continue cos it will increase petrol prices. When the refieries are working and we don't need dollars to import fuel, the demand on dollar will reduce and the loan will be removed.

Nigeria can't afford for fuel prices to rise further. It will increase inflation. The president did the right thing. Atikus guys just pissed he made dt choice. They were loving the disaster that was about to happen.

Dont mind that goat.

He criticised Tinubu efforts...

yet could not give any solution to the problem.

leanonme82:
It has to be stabilized through NNPC. The oil imports are putting too much pressure on the newly deregulated FOREX market. It's good & creative way to stabilize the dollar demand.

The naira freefall can't be allowed to continue cos it will increase petrol prices. When the refieries are working and we don't need dollars to import fuel, the demand on dollar will reduce and the loan will be removed.

Nigeria can't afford for fuel prices to rise further. It will increase inflation. The president did the right thing. Atikus guys just pissed he made dt choice. They were loving the disaster that was about to happen.

It's still lipstick on a pig. It also does not address the elephant in the room....we are not earning enough in dollars for the national treasury, and subsidy removal just lightened the burden, but not by very much. It's still darn heavy

Sometimes, when you choose to always criticise government policies and moves blindly, all in the name of opposition...you end up appearing empty!


The economy is on the brink of collapse...fuel subsidy is removed and there is pressure on price of PMS due to rising cost of crude.

There is scarcity of FX for PMS importers, because CBN cannot meet their FX demands..

This is forcing these players to source for FX at black market and the resultant effects is more pressure on Naira that has already been devalued..the gap between official and black market rates keeps widening...and the prices of goods and services are skyrocketing.


So, what exactly is bad in NNPC sourcing for their own FX and possibly that of PMS importers from international partners like Afrixim bank
This move, yes temporary, will ease off pressure on the demand for scare FX since the PMS importers are the major consumers of FX.

Hopefully, this temporal measure will give ample time for atleast PHC refineries to start working.

So, nothing wrong in technically buying time to resolve some issues like fixing of refineries.

This move will also strengthen the Naira and the fear of increasing the PMS pump price.

His cluelessness was obvious during campaigns but urchiins cheered at his embarrassing and empty campaign.

Na statistics we go chop? Urchinns cheered

Now is time to put in work and they expect some sort of miracle.... He can't give what he doesn't have.... Dude is empty.

We needed someone different from the average politician, one who is corruption free, who has no interest in amassing ill gotten wealth, who understood economics and business, who's not tribalistics.... We need to sharply move away from the status quo but urchiins, vultures and tribal worriors said no, he built Lagos.

Free2airing:
It's better than to he seeing Naira falling

Aren't you just f00lish and dumb... Borrowing dollar to balance the naira. Then when paying back with interest will you use naira to pay or dollar ...

Where will the dollar then come out from ..


Dundee

https://www.facebook.com/officialmc3310/videos/1147629696625298/?mibextid=NEfrCqdcncT1EUS5


So much said and revealed here

I'm really starting to like Phrank Shaibu's role as Atiku's media representative. Man's putting the right words in their proper places.

nairalanda1:


It's still lipstick on a pig. It also does not address the elephant in the room....we are not earning enough in dollars for the national treasury, and subsidy removal just lightened the burden, but not by very much. It's still darn heavy

Everybody knows this. Do Ur part by ensuring u only buy Nigerian and starve dollar demand.

Tinubu is an accountant and focusing heavily on revenue. This is why there has been a lot of activity in the SS recently to cut off illegal crude loopholes and his focus on natural gas.
We have other industries of course and Buhari did a remarkable job on Agricultural exports.Im not sure this govt is focused on injecting money into other sectors apart from this 2 though.

Klington:
The money is meant to be looted by the same people that borrowed it.

Nigeria is a crime scene.

Meanwhile, we're still waiting for the so-called N500bn palliative they promised their zonBe praise singers.

always complaining. everything is negative in your eyes. keep waiting you hear

I am very much surprised that the same illiterates who were boasting that the fall of Naira will increase local production are rejoicing over increasing bondage called loan. Is the Naira fall no longer intentional by the world best economist and master strategist Ebola Tinubu to increase local production?

leisuretym:
How will Atiku pay all the loans he took from his Dubai and Turkish associates for election? He can’t go to Dubai anymore, he has to pay the debts, chai. I can feel his pain.

dont just open your mouth and talk what you dont know. Were you there when he borrow money from dubai?

Free2airing:
It's better than to he seeing Naira falling

So why is FG hidden under NNPC?

The self acclaimed Accountant couldn't believe his failure!

AntiChristian:
Opposition is only there to "Oppose" anything the ruling party brings to table!
Only few of their comment is patriotic!

Let them wail small!
Bigger cries coming soon!

All eyes on judiciary.

allthingsgood:


always complaining. everything is negative in your eyes. keep waiting you hear

Listen to yourself.

When did the nnpc become the CBN or economic mgt team?

What's the rationale in borrowing dollars to "stabilize" naira that you will still use the same dollar to pay back with interest?

Is it that you people's brain are fixed or you just choose to be irredeemably dumb