₦airaland Forum

But Dangote is borrowing from Nigerians to scale his business

TemporaryHansel:
Stop borrowing.

But you are the very ignorant one here. It shows you and your ilk are only interested in scoring cheap political point. You did not read or choose to ignore the fact behind the funds by world Bank.
Let me share it you. The World Bank and your FG selected some states for some developmental needs and funding which Anambra State was one. Unless you are saying he should attract development to his state.
But the argument is that he didn't draw on the loan till he left because his time was up.

FSBoperator:
Overdraft because Anambra open current account with World Bank abi

Una go explain tire

And where exactly is the fairness when you insist that he can't be sued because of immunity?This is a constitutional matter! The constitution supercedes the electoral act. We know apc has gone ahead to remove this contention as post election matter in the electoral act amendment.. Does the exemption from civil and criminal exemption you are brandishing also have to do with the constitution? quote author=fergie001 post=140338296]
It is in a regular Court, he is immune.
Again, it is pre-election.[/quote]

That would be fine actually. At least the courts would have definitely established a precedence.

favor914:
The judges will collect 5 billion Naira, then declare no case.

Quite obvious that Atiku is not serious.

But INEC can be sued in this instance?

fergie001:
Section 308 bars the President, Vice President, Governor and Deputy Governor from all suits - civil or criminal as long as he holds the office.
No exception

Unless it is a Special Court, NONE

What you are saying is completely different from what he is saying... What's the path for tinubu victory? At least the data is necessary for neural voters like me. What has been achieved as it relates to human capital... Not coastal roads... You understand

mohims:
By God's grace, I'll ask you how market after the 2027 elections. Tinubu MUST complete his 8 years term. Bookmark this.

Please don't mind those apologists

Leepeak:
Benjamin natayenhu na go tell us who get nuke
I was watching a video of him saying it
Libya president gadaffi, has nuke,
Iraq, Saddam Hussein has nuke he is very close to it, every day him dey talk for un say Iraq has nuke
Now.... Iran has nuke ?
Benjamin natayenhu list north Korea', Iran, Iraq, libya as nuke countries I have the videos
Since 1996 he has been saying it
I saw the video when Iran missile hit Jordan
Rt news say over 15 soldier died, and many injuries, Iran said the same thing
USA say na only two
De same way only 15 USA soldier died flying 39 air plane before seize fire
By trump Jr dey USA he has a contract of 11$b
Trump made 1.4$b from cryptocurrency and manipulation of stock price from this war, kemi badenoch and other labour members said it
Why somebody pikin just die for Trump cause
Iran is sponsoring terrorists all around the world
Who dey give guns to the Kurdish to instigate and fight Iran na USA abi na me when dey Nigeria , maybe na me
So who will call me a terrorists
80 USA base surrounding Russian
30 surrounding Iran,
40 surrounding North Korea

It's well base and USA na 5&6

Why did he USA not Park the refuelers at the Gulf nations they use to park them before? This time around they took it to Israel . You are so obsessed with iran attacking Israel without being fair. Who gave the USA the job of policing other sovereign nations and trying to dictate what they do. And because Iran refused, you are yawning.......

Elusive001:
Bros, USA is attacking Iran from Israel too. What are the refuellers for? What are the USA fighter jets for?

The USA has military asstes in Israel used in prosecuting the current war with Iran.

What God gave to men through Jesus was a gift. Jesus said, " I give them eternal life and no one can take it from them"
And I believe you have read verdict of the Bible " that the GIft and calling of God" are without repentance.
I suggest you a book by watchman Nee " the normal Christian life" hopefully this sin consciousness would leave you and you accept the Gift God gave you.
And for clarity, it doesn't mean a Christian is is expected to be living anyhow.if he does that, he won't be effective in this realm but trust me the eternal destiny of men was factored in the death, burial and resurrection of Jesus. It was a plan not an after though conscripted before the foundation of the world

jesusjnr2020:
This is a very important message which shouldn't be taken for granted, because it appears this error would be the greatest undoing of many Christians on that day according to the teachings of Jesus.

Jesus said many would suffer this fate on that day, not a few, because they thought their relationship with Him was enough to save them on that day, even though they refused to truly repent and quit working iniquity.

I pray we won't be among those who refused to take heed, and therefore would receive the greatest shock of their lives on judgement day, when the same Jesus they believed they had a relationship with, tells them, "depart from me, all ye workers of iniquity, I never knew you!"

God bless

You have an accumulated debt of 10 dollars in 2025 and cumulatively you will pay the debt with 8000 naira..in 2026 you are paying the debt plus other ones, let's assume it is still the 10dollars with 13000. You own be say just calculate it dollars. On the issue of reserve, what was the value of the 3 billion naira versus 40 billion naira today.

tiger28:
If we BORROWED in DOLLARS, then our debts should be calculated in DOLLARS…. NOT Naira.

Obi gaffed AGAIN!

FACTUALLY, our reserves rose from N3 Billion to N40 Billion in 3 years then we are surely heading in the RIGHT direction.

I am no Tinubu fan BUT I am a lone thinker and very objective……Pls let us all act on FACT and not SENTIMENTS.

Are you indirectly saying that tinubu got it wrong on the devaluation policy?
According to the debt profile in dollars are almost the same both pre and now.. that's cool . So I want to ask what really was the benefit of the naira devaluation?

bamayo:
I am surprised that even Peter Obi would be petty about Nigeria debt.
he's not an intelligent as I think.
naira devaluation doesn't increase our debt. our debt can be measured using more stable currency which is dollar, because all the money borrowed were not in naira but dollar.
if we check the debt profile before Tinubu took office and the debt profile now, it's almost the same in dollar term.
Nigeria debt has not really increased in dollar term.
we shouldn't forget that Nigeria is also paying debt monthly so, we should not expect the debt not to change.
Tinubu also paid more debt than other presidents before him that's why despite that he was borrowing, the debt profile has not increased.
Peter Obi should look for other things to criticise the government not on petty thing like debt

The objectivity here is that there is no coordinated growth plan amidst the borrowing. Talking of previous debt that has been incurred, Obj comes to mind. There is nothing wrong for this this administration to consult people with proven experience and capability if they really want it. The government at moment experiencing a windfall in oil revenue courtesy of the Iranian war, they should be able to balance any shortfall in the Budget. But...

DoTheNeedful:
If you know what debt servicing is about, you would know that most are going to debts obtained by previous administrations. Any loan this current administration might be taking would mostly be service in coming years.

Criticism is needed in a democracy, but we should also try to be objective.

Most times African leaders enter into such agreement because of one aid/loan they expect to get. So Is Nigeria ready to go the way of self sufficiency? Until then....

MadPolitician:
Then Nigeria should withdraw. Its no big deal
No one will kill Nigerians if Nigeria withdraws from such agreements.
Many countries have done similar things before.
If you sign an agreement and it does not work out for you, you withdraw from the agreement. You don't stay there and die simply because you were hoodwinked into signing such agreements..

Thank you. I think Wale Edun was doing well with his monetary policies but the Government fiscal policies was so disoriented that it nothing is done, Taiwo Oyedele introduction would amount to nothing

Kobicove:
No matter how brilian Taiwo Oyedele is he is not a magician.

If there is a funding gap in the budget there is little or nothing he can do about it...at some point he would have to prioritize payments.

Nigerian politicians should learn to focus more on efforts to improve revenue generation and stop blaming the Finance Minister for not releasing money that is not even available!

Can you justify why the regime in Iran is evil while the one in Israel and USA are not evil. And what do you mean by us being the moral compass?

legendarystar:
They want US to carpet bomb IRAN…
They forget the war is not against Iranians but it’s evil regime……

US is the moral compass of the world, if US & ISRAEL throw bombs like Iran does nothing would have been left alive there…

But they are too busy in propaganda to see the truth.

Post this on the front page, I see many Anti-life people saying US is weak 😂😂😂😂

Make Russia and China attack USA 🇺🇸 make we see na

Can you answer this question. Who gave Israel and USA the right to determine leadership for Iran? Can Israel and USA accept such?

Bendeco02:
Iran don't want to rest

They are giving U.S and Israel the reason to go fully offensive on them which they can't defend when it start.

If U.S and Israel should start firing missiles randomly in their cities, their will be more than 100,000 casaulties withing one week.

U.S and Israel declared war on Iranian leaders/military while Iran declared war on all Israel citizens.

Some of their Nigerian supporters are online bragging without shame. They should ask themselves if U.S, Israel should start striking all Iranians, what will be the condition of Iran.

Howmany Israel leaders have they eliminated since their random strike of missiles?

Go and sit down bro. You are very sentimental that's why you do not see any strategy to what Iran is doing

Psalmistproject:
It's like US hitting Nigeria and you are threatening sister countries in West Africa. There's no strategy to this. Just to prove the regime stands for terror and destabilization of the region.
What will happen when these countries jointly raise an incursion troop into Iran, and getting rid of it's radical islamic terrorist leaders?
Keep clapping for Irans radical Islamic regime as they prove to their entire neighbors they can't be relied. Right now the region trusts Israel more and even if the regime stands, the entire neighbors will isolate them and form a joint security system solely against Iran.
Yea that's the game!

But America's stock market is fluctuates daily because of the energy crisis. Who told you America is not affected?

Greenfusion:
you actually think war is by sending long range missiles....war is strategic, not gra gra, u actually think the US didn't envisage this situation.... everything is in carefully planned steps.....if care aint taken, Iran's military capabilities may be totally brought to the ground, and guess what, that's the main objective. Leave the strait....it doesn't affect the US, they have enough oil and also added Venezuela to their cart.

But America has assets in these countries ba?
If they are decimating Iran assets,you want Iran to fold their hand and watch them. Las Las every body go collect

Christlike01:
You are wrong,man! America has not launched a single attack from any of the Gulf countries. You guys will just be saying what you know nothing about with so much confidence!

Israel and USA could have launched the fight from their countries direct. Why did they use the gulf countries as their launch pad?
One thing is sure after the war, these gulf countries would negotiate the use of countries by America to build their military bases

gammarays:
Iran is fighting Isreal and USA but choose to bomb UAE, Saudi Arabia and other gulf countries. 😂
Iran has been a bully for years and empowered terrorists in fellow Islamic countries so they can control them.
Their regional Power has been stripped and they'll be further isolated. They'll lose relevance like Iraq when this war is done.

You say some of them has been repealed and some not. Can you throw more light.

Willy2025:
He is making a very serious and costly mistake by this act of contempt. Upon his arraignment and re-arraignment, the provisions of the law he violated were read to him to which he replied that he understood and was not guilty. He can't turn around and be asking under which law is he being tried. Also, those laws were in existence as at the time he violated them. Notwithstanding that some of them had been repealed, he is being correctly tried under those laws.

So why do think was the reason his legal team filled a no case submission after the prosecution adopted their final address. Dont think MNK is representing himself[ without their input.
The defence team already saw through their facade. Let the Federal Govt give that verdict that they has already intended to for a long time...quote author=Tareq1105 post=137356152]

My advice for kanu is to call back his legal team to help open his defense if he has any defense..

He can't defend himself before a judge.[/quote]

What of the loading money the labour union want to collect per each truck allegedly?
What is your opinion on that?

Kastonkastroll:
Why will he dissolve the union? See you guys should tell Dangote to obey our labour laws. The man is not bigger than Nigeria. If not for corrupt Emefiele that gave him a whopping $20billion for the refinery, which sane CBN governor will do that

Yes o! He has taken the South already but let the votes count...

EmperorIsaac:
Jagaban is already the next President, except God says otherwise.

Sometimes one here to learn and listen to some intelligent conversations but most times the way some of you push out falsehood is alarming.
I assume you know the meaning of minimalist lifestyles/ minimalism before you put this
Not everyone is given to flamboyance

richmond500:
but he has lied about wearing one watch for 18yrs?

Bro you noted on two important things in this your submission
1 They should source for their US Dollars elsewhere not overburdening cbn
2. The oil they would import should not be adulterated.
Once they can achieve this two conditions,they can go ahead and import.To me they are doing a lot of chochocho. They should just import and and sell whatever price them deem fit ,after all they have been importing before through their cronies.
What every reasonable Nigerian is saying that they should not set price for dangote. If Dangote like he can even sell at a loss,it is his problem

Kastonkastroll:
i don't know who is giving you guys this crazy idea about importation. All over the world, countries import and export everyday. Saudi is the number1 oil producer in the world and yet they still import some reasonable quantity of oil just to make sure local demand is met.

There is nothing bad if people import fuel into the nigerian market as long as they can source for their fx and the imported fuel won't be adulterated. And of course imported fuel shouldn't be more than 20% - 30% of the fuel we need in the country.

The dangers of monopolizing the oil market by a single individual is far greater than some few major marketers importing it. I'm also into the oil business and even though dangote has done very well by giving us a refinery which works, but I still don't think is right for only one man to monopolize the oil sector.

The was how buhari came with his crazy idea of "we must produce what to eat" by closing our borders. And today how much are buying food stuffs?

Bro let PETROAN revitalize the four refineries we have if they can't built from scratch. Their membership has the financial capability to do so and offer the needed completion.
We should for now suspend this issue of importation of petrol if we can.it is the major source of foreign exchange flight from the economy

maivd:
Nobody fought the refinery, Dangote when to court to sue importers. He claimed since he had a refinery now Nigeria should stop importing fuel so only him will sell to the nation. Importers on the other claimed if anything goes wrong with the refinery then the whole nation will grind to a halt just because of you. And besides US is one of the largest oil producers and yet still import insane amount of fuel,why should Nigeria stop importing just because of one man's greed.

These things are complicated at times,Iran has a good number of Jews from the Persian era. Though many have relocated but a few is still inside Iran.

hotwax:
these mossad agents are iranians. They are not jews.

Iranians want Ayatollah gone.

You are actually the one having a comprehension problem. This particular thread and list is about recipient of the award that are dead.

yyba:
so everyone that was awarded today are dead ? Comprehend is now a problem

Lol. Despite everyone trying to correct you, you still de fall hand.you want the airline to be flexible? Maybe you think it is a molue.Have you heard of what is called "standard procedure" before?
Or you just want to carry entitlement mentality enter the discussion because he is a senator and be disgracing yourself.
Did you read where one airline staff quoted that he was also late the week before?
Make una dey think before una talk abeg

dederocs:
Hatred of who?

You are just a tribal sentimental small mind... airpeace is a public company, these things happen.

If my ticket was cancelled because am 20minutes late I will definitely be angry, the airline must be flexible. You fascists think everyone have a myopic sentimental mind like you all, but it's impossible...the airline should have better trained staff.

Airpeace should handle it's customers with respect and courtesy, they are rendering services to the public.

Is that how your own law and equity work?
No worry you will be arrested in your vicinity or office and be made to answer for what you don't know or a crime you didn't commit.
Your only crime is that are living within the vicinity

triplechoice:
They're all not guilty of selling fake drugs, but anyone having a shop in that market where lots of traders are selling fake and expired drugs cannot claim not to know goes on in there and report to the appropriate authorities for necessary action to taken against such traders.

If you remain silent and don't report, you're enabling it according to the law.