₦airaland Forum

people like toke makinwa

buhari understands the Art of war, and he is a master of the 48 laws of power.

he knows how to use anonimity to confuse his enemy, and when they are starting to figure out his plans he comes up with a distraction to sway their opinion.

The little time PDP has to tell people of their plans and agenda to get more voters, INEC distracted them with Amina Zakari, they were still batling with that, when Ameachi's close aides leaked his private conversations, PDP forgot INEC/ Buharis neice, and their campaign to focus on Ameachi who isnt contesting. Just as that was dieing down, Buhari decided to use Tinubu to represent him as Campaign chiarman, and ever since then, PDP, Atiku, IPOB and Ohaneze's attention as shifted to tinubu

This people are truly shameless

walahi i like northerners style of politics, after collecting atiku's $10000 at the PDP convention, they have started deserting him

weyrey wants to pack all his wives and geneive nnaji to aso rock, so that aso rock budget can skyrocket abi.

this dino sef

no one is after saraki's life except the ghost of offa robbery victims

And the civil servants and pensioners that died because he and his stooge decided to corner the bail out fund and paris refund buhari gave the people of kwara state.

the same police he is accussing are guarding him and his family on a 24hrs bases

every sane person knows this except fani kayode, kemi olunloyo and their ipob drug suppliers

omonnakoda:
Guy I am not a politician and I am neither PDP or APC I don't do all that rubbish so stp talking like an idiott and making things personal for no reason. This thread is not about borrowing for infrastructure but T-bills .
The fact is that even the government ssays they cannot plug the infrastructure gap by borrowing the private sector has to get involved. At any rate that is totally off the point of this thread
fiuck off and get lost

like i said your epistle is inconsiquential so is your rants... good day

atiku's shakles shakles

omonnakoda:
We are talking about Treasury bills here...............
I am not sure what you are talking abut or why you are saying it to me

Government's capacity to borrow must match its capacity to repay

We cannot afford to borrow all that is needed to plug our infrastructur gap so what is yur point?
There is a limit to borrowing surely?

no point engaging you anymore.. DMO says we can borrow, and the smart technocrats in government are borrowing... you can only write inconsequential epistle on nairaland and argue with everyone on nairaland.. lol lagos abeokuta ibadan standard guage is coming on board as a result of loan, if you dont like it you may ask that your region be excluded ....

. Mr kalu the saint of APC

dream team

the region that couldnt produce a president in the last 50 years or Vice in the last 35 years would pledge loyalty to even abubakar skekau of Boko Haram Redemption Party if it means them smelling aso rock.

Jonathan the Ijaw man had to coin and add azikiwe to his name to hoodwink awon customer daadaa

as ussual, they would win on nairaland likes and shares polls as for the real election we all know the winners

Tinubu a seasoned accountant retired as Exxon mobil treasurer. he fought off PDP's federal might for 8 years, its funny how jobless ipob miscreants call NURTW duly registered by law thugs while their non tax paying proscribe criminal groups are saints

Tinubu became a Godfather by helping others grow... his comissioner became osun governor with his help, he made osinbajo a lawyer he met just once in a court session Antorney General and later Vice president, his co-worker at exxon-mobile while he was their treasurer and he was west african marketing president was made a constitueted authority and two term oyo governor. fasola and obanikoro his younger brothers friend were made chief of staff, governor and senator, even his real estate agent was made ife king....

Tinubu even helped Ladoja during his ordeal with PDP

yet people from hate filled region wont just stop trolling him

no need for violence to defeat atiku and his region of election losers

omonnakoda:
let me give you a medical analogy Mr Okafor has lung cancer should he visit TB Joshua or Celestial Church of Chrisst for healling

Your premise and formulation are totally wrong and naive

Nigeria spemds more than half its budget paying salaries and paying debt so the reality is not only that we cannot pay r infrastructure from revenue we cannot afford to pay for it by borrowing either. Also we need to take some very painful decisions about things like pet infrastructure gap[/b]

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[b] treasury bills are for short term. most of our loans are long-term with single digit rate and atleast 5years moratorium, and 35years rate. fuel subsidy is going no where anytime soon neither will govertment spending reduce except we have military rule... its only smart to access money market just has dangote did for his refinery, and if we dont smart countries like ghana US, UAE would access it and your citizens would end up slaving their lifes for them

omonnakoda:
Abusive language is no substitute for a reasoned argument

Debt to GDP revenue is a crude measure of what you should be borrowing

First how efficient historically has the government been at extracting revenue from that GDP base and how efficient is it likely to be in the future
We talk of GDP that is millions of people selling Gala in the street, pure water seller and poultries with 1000 chickens here and there .What kind of tax can they pay to help service debt?
If you compare two economies with a GDP of 100 billion one with a population of 100 million people and a per capita of $1000 per annum
and the other with 5 million people and a per capita of £20000 is the capacity to pay tax the same?

One is a medium income economy while the other is a poverty economy

A man with 10 children and a man with 2 children on the same salary have the same "household income" their capacity to borrow or repay are NOT the same

Debts have to be serviced and that it is why it is important to factor in the ability to repay as well as the interest rate
10% interest rates very quickly become a burden. Now it is being claimed that servicing is approaching 40% of revenue. Does the Debt to GDP model also prescribe what fraction of REVENUE should go into debt servicing?
Most of the Expenditure in the budget now goes on Recurrent Expenditure which is mainly on salaries and debt servicing

Thse are the issues that require intellectual engagement not gratuitous and self indulgent abuse . Any one can call the nexxt person dull or jobless it changes nothing

If we spend all our money servicing debt and paying salaries then we never grow.

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i'll try to be breif as posible; Nigeria needs to spend on infrastructure to diversify our economy.. infrastructural deficit is put at $100bn and our oil daily production is over 2.5mbp giving us annual output of ext 1bn barrels and at current price we earn $55bn annualy, cost of production stands at $10 per barrel that leaves us with $45bn, our OML owners share 60/40 with FG, leaving us with $27bn a year for all arms of govt to share.. thus leaving FG with about $10bn to handle its recurrent and capital projects. . now i ask you shouldnt we access the money market to fix fund generating critical infrastructure, or should we rather wait for non willing investors, or wait tilm we can save for it

grandstar:
Why the self hating of your colour

Your colour has nothing to do with outcomes

In 1978 China was extremely backward. It did not not mean Chinese people were daft or idiots but rather gthey had been misruled for about 40 years under Chairman Mao.

They now launched economic reforms which saw them increase GDP (I think 40 fold) over 40 years.


Italians were once very backwards and poor and scorn was poured on them in America but today are one of the 10 largest economies in the world

Your have wealthy black countries like the Bahamas and Barbados. In Africa Botswana has done quite well

And Nigerians are the ethnic group in the United states with the highest per capita university education in that country!

..



i added the last part to awaken their mind on the fact that not all debt are bad, loans help you grow

Konki:
I pity your generation!

Instead of discussing and bremainstorming on inventions and developmental strides, you are thinking tribal sentiment of whose turn to loot!

Don't Nigeria dwser what rulers it get?

O.p asked a question and i answered and we have you going all emotional like a menstrating bitttch

9japrof:
Using your thesis, obasanjo that fought with his sweat and prowess to negotiate us away from billions of debts in dollars must be a stupid black man...

Use your sense once, these politicians dont care about you

common sense is indeed scarce and thats the reason why we have hopeless jobless youths, and dull 85million poor people.. the debt relief obasanjo sorted was balance and deficit of forex transactions during abacha and babangida regimes, according to debt management office our debt to GDP is so little it seems Nigeria dont want to develop by using the money market..... i get your fears caused by PDP's corrupt bad debt, however china nexim bank loan goes straight to railway contractors, sukuk bond goes straight to road contractors

tuniski:
By 2023 the remnant of APC will be in opposition. SE are pdp by ideology not by scheme of presidency offer.

APC will be dismembered after buhari!

lol, if voting patterns of all nationwide election and by-election since 2015 is to go by then PDP are the ones getting dismembered. but i like your zeal and die hard patronage of a failed party that cant even control 5 tiny SE states

Makawhizzy:
You can start by listing the banks doing so well in Nigeria that will give you those loans easily especially when you are SME. Even those who are employees under big corporate firms get such via their company negotiating on their behalf not them going solo except you earn a solid pay

bank of agriculture
bank of industry
CBN - with more than 3 of such facilities

i dear you to approach any cbn with your meaningful business plan

9japrof:
Can you just sit down and listen to the bullshit you are reeling out this morning...

Must you defend financial recklessness, I know you love buhari so much and view him as a mini-god, can't you just "Waka and Pass" where there is indiscretion in his part like this one instead of defending stupidity

typical black man with black mind, a white man sees a bank as a place to get money to better his finances through car loan, mortgage, and startup grants, while a dunce black man thinks bank is for savings and transactions only

Cool Investment opportunity, but CBN can do better than 10% interest

i love buhari's credit based budget funding, rather than waiting to earn from daily oil sale batch by batch.. he already has something to work with, and when the money finally comes in we can pay back while creating investment oppurtunity for citizens.

this is the model adopted by America and U.A.E, but greed and corruption wouldnt let PDP pigs to adopt this model hence the litering of Nigeria with abandoned projects.

typical black man with black mind, a white man sees a bank as a place to get money to better his finances through car loan, mortgage, and startup grants, while a dunce black man thinks bank is for savings and transactions only

Edodefender:
Ameachi
Wike
Oshiomole
Obaseki.

Same thing different states

Now who in their right senses would vote in okorocha the statue builder, Obiano the drunk, or Obi the bigot that deported Northerners in Nigeria.. the rest of southeast bigwigs openly supported Kanu's thrash talking to other tribes