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FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget (8507 Views)

Utomi: Loans Nigeria Taking To Shore Up Naira Are ‘meaningless’ Arise Exclusives / Tinubu: We Will Raise $10 Billion To Stabilise Naira, Boost FX Liquidity / Sabo Nanono: Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming (2) (3) (4)

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Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Ken4Christ: 10:18am On Jan 18
Nigeria is cursed. Borrow borrow and shameless leaders. Is this the kind of leadership we need? There was a country. I know that deliverance will come one day in the mighty name of Jesus. Amen.

1 Like

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Streetdoctor: 10:21am On Jan 18
ParagonPrick:
Arindin forgot to switch account cheesy grin, Sapa kee you there
I hv being noting those ronu crew, very soon hunger no go allow dem see road again

4 Likes

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Lawalkay(m): 10:21am On Jan 18
[quote author=Bobloco post=127996646]Another loan

What happened to all the money saved from subsidy removal . Part of snatching it, grabbing it and running away with it. All ethnic bigot over to you. Renewed Shege Promax23/27/2041.

2 Likes

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by bdon12: 10:22am On Jan 18
RepoMan007:
all arguments does not equate to supporting failures mr man. Local refining of crude should actually eliminate the need for going out to buy petrol with forex. It should also boost prospect of earning more forex if and when exported.
Once thing is certain...dangote will never agree to collect naira to sell products...this should have been made part of d deal b4 giving him all of naija forex.this country has no hope to bounce back

2 Likes 1 Share

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by justmondris: 10:23am On Jan 18
Borrowing to boost Naira? What a joke and how long are we going to continue in this wrong direction?

4 Likes

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by bdon12: 10:24am On Jan 18
easyfem:
But why this gov always borrow and u expect you naija currency not to loose value . This is part of reason why our currency is failing . I no won too blame tinubu like that but as for BUARI , he no go die well
Yes bubu will not die well...na bastard that bastard be

2 Likes

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Enemyofpeace: 10:25am On Jan 18
I pity the our unborn generators. Gbese dey their necks.



Dpen11 how far?

1 Like

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by coputa(m): 10:28am On Jan 18
What is the funds from the removal of fuel subsidy used for.

It is akin to economic suicide to borrow money to bottle up dollar shortages without finding solution to the cause of the shortage and nip it in the bud.

There's dollar shortage because nigeria largely depends on import for her survival , petroleum products inclusive which account for 40% of Nigeria import.

On the short term,all the refineries should be fixed and be working at full installed capacity

This will help conserve the needed dollars gotten from sales of crude which will be injected into the system.By so doing,there won't be much pressure on the dollar

This will give some reprieve to the nations currency.

1 Like

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by GentleRay: 10:29am On Jan 18
We have enough dollars in government coffers to bring down the dollar. You guys would rather steal it. Nothing will change with this borrowing.

1 Like

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by saddler: 10:32am On Jan 18
Currently most Nigerians have their savings in dollars.
Dollars is our primary currency while naira is secondary.

1 Like

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by RepoMan007: 10:32am On Jan 18
bdon12:

Once thing is certain...dangote will never agree to collect naira to sell products...this should have been made part of d deal b4 giving him all of naija forex.this country has no hope to bounce back
likely scenario. That means the dollar will reach N1500 soonest.

1 Like

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by maktop(m): 10:36am On Jan 18
This APC government is a scam, I swear

1 Like

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by RevenuesBoost(f): 10:40am On Jan 18
Let's pay up the previous loan first.

Each President want to benefit from the Country.

It's not fair

1 Like

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by nedu666: 10:47am On Jan 18
Why borrow dollars to boost the naira for a few days. It makes no sense. Does it mean we make nothing from oil sales and gas
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Astrid4(m): 10:51am On Jan 18
RepoMan007:



What is the point borrowing scarce forex with painful interest and then being wasteful by funding pilgrimage, buying hair extension, or going on frivolous travels with it?

This particular one is an non-interest loan

1 Like

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by ABC101FF: 10:52am On Jan 18
What a shame.
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Astrid4(m): 10:53am On Jan 18
IamAtikulate:
😂😂😂😂

So this the Wale Edun Yoruba APC have been making mouth about?

This one is even more clueless than Buhari's finance Minister.

If you borrow dollar to defend the Naira, people will buy the dip and hold it until dollar goes up. Another set of millionaires is about to arise from Tinubu's cluelessness
😂😂😂

This ain’t crypto it’s not that simple it’s a multi faceted and complex shiii

1 Like

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by ABC101FF: 10:56am On Jan 18
What a shame. Just imagine the nincompoop running a central bank of a country.

1 Like

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by ABC101FF: 10:57am On Jan 18
What a shame. Just imagine the nincompoop running the finance ministry of a country. A square peg which can't fit in a round hole cannot in itself fit another square peg in a round hole.

1 Like

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Funkyswagzz(m): 11:01am On Jan 18
NzogbuNzogbu:
Why is tinubu this daft with his trial and error ways

You borrow billions of dollars to wedge naira for a few days just for your zombies to be happy

Have the naira not always gone back to its fall after that, why not solve the inflation issue

He is not daft he is doing exactly what he is told to do.. that is to make sure inflation keep rising.
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by DeTruthh: 11:08am On Jan 18
They should keep deceiving theirselves. If only you know the amount of dollars in millions stashed somewhere by these politicians. From Tinubu to the very least of them.

And some idiots will come online do defend and praise them. Foolishness.

1 Like

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by CorrectionFLuid: 11:09am On Jan 18
They should do fast jare let me buy up dollars and stock up against when the loan will finish.

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Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by DeTruthh: 11:11am On Jan 18
FreestuffNG come and explain how this will reduce the exchange rate.

After this, naira will now exchange for N180 per dollar. There will be direct foreign investment and increase in IGR 😂😂.

Keep deceiving yourself

2 Likes

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by WhisperedNoise: 11:29am On Jan 18
Ozommadu:
All the trillions saved from subsidy nko?? Even dangote refinery will reduce pressure on dollar clue where una dey

Seunmsg
FreeStuffsNG
Obiedun
LeoDeKing
And other nairaland former buhari paid defense team,now tilumbu praise singers.

Come and defend the failures you love to support
They've not been very active since Seun declared a war on tribalism. They're empty without their foolish rantings.

4 Likes

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by webhostbiz: 11:32am On Jan 18
From Deloitte to Mobil, etc. This country is gone. Loan loan loan loan aba, make una pity Nigeria ooo
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by PNomsule: 11:34am On Jan 18
World Bank don't approve this loan. Shebi na for our own behalf, world bank approve at your own risk because from this particular loan so, our unborn generation must never be held liable to repay. We the masses have warned ⚠️ you repeatedly. Rubbish!

2 Likes

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by DonationWorld(f): 12:01pm On Jan 18
Bobloco:
Another loan

What happened to all the money saved from subsidy removal

They did not save, they only reduced borrowing, all the money they used for subsidy was borrowed money

1 Like

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Bobloco: 12:04pm On Jan 18
DonationWorld:


They did not save, they only reduced borrowing, all the money they used for subsidy was borrowed money

But we were told that money will be saved
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by ufotunang: 12:05pm On Jan 18
Incompetent set of people in government
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by panpan(m): 12:06pm On Jan 18
When the federal government takes external loans, they are indirectly taking money from the Nigerian population through naira devaluation, increase in the price of petroleum products, and general inflation.

1 Like

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by ufotunang: 12:11pm On Jan 18
It's nigeria been a producing country that will solve this problems...more of exportation and.less Importation...is the solution... and all this traveling to abroad to attend and school in foreign universities, going for medical treatment abroad , buying foreign cars and other products and goods is the cause of naira depreciating and losing value against the dollars...we have to value what we have in this country

1 Like

Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by jaxxy(m): 12:27pm On Jan 18
clowns

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