₦airaland Forum

Michellla:
lol sorry y'llll We Derailed da thread

Vixo:
I disagree..

crazysaint:
Please guys help beg seun for me, make he give order make the unbanned me in politic section. I go behave myself .. seun I take God beg you, abeg, I no go put trouble again.

chrisblack:
your reasoning is like that of luku-luku mantashei. So the only way to support our soldiers is by asking them to come and watch films. This is stupidity I. The lowest order.the right and sensible thing to do was to take out 10_20% of all earnings .which he can dedicate to helping the soldiers families or in provision of non lethal military equipments like torch,sleeping gear.or in providing scholarship to families of wounded or dead soldiers.not asking them to come and watch movies,while their colleague's are at the war front.I tell you this guy is not different from king David and uriah.its senseless when we are having an insurgency and all this man with small sense can offer despite all the underground runs they've done .his to offer tickets.how many people even visit the cinema's. He's just a business man who finds it difficult giving out money to a just cause but trying to sound modest.

Levinelsonbob:
You better have a rethink. Those debths are accumulated on your head. But in the long run, the funds will find their way into private purses. Let them give us our Biafra b4 hanging themselves in their ignorantly prepared noose.

Bevista:
To provide some perspective on the debt debate, let's consider the following:
(1) The debt to GDP ratio of the US is around 100% (i.e. over $17tn)
(2) The debt to GDP ratio of Japan is over 200%
(3) The debt to GDP ratio of Nigeria is currently around 2%
(4) If Nigeria borrows N50tn ($250bn), the debt to GDP ratio will be around 50%

The question is, if already developed & industrialized countries are taking up more debt to continue developing, does it not make even more sense for an underdeveloped country to rack up more debt to also further its industrialization and development?

On the surface, this might look as the logical thing to do, except that there are two major problems:
(1) An underdeveloped country has weak institutions to check corruption, so most of the funds might end up in the vaults of certain WITCHES, leaving future generations with a huge debt burden.
(2) The revenue of those developed countries is sufficient to service their debt repayment and their debt interest is very low (under 2%). At an interest rate of 13%, a debt of N50tn in Nigeria will require over N6tn annually for interest payment alone. In the proposed 2016 budget, revenue is projected at a paltry N3.8tn.

So, we need to first expand our revenue base before thinking of more debt, else investors will perceive the debt to have a high default and repayment risk. This perception will cause investors to demand for high interest to compensate for the risk or shun our bonds completely.

Our senators need to curb their enthusiasm, and look at hard facts before coming up with emotionally charged proposals.

FOLYKAZE:
X in greek mean chi. And chi back then was used to represent Christ. My thought

wachakuta:
Wailers make una wake up oh

E don happen

DONSMITH123:
you are not serious