₦airaland Forum

jomoh:
First infrastructures(capital expenditures) are not what you start in a year and complete under 3years especially in a sensitive coutry like Nigeria where every street and every room want inclusion in federal govermants budget without recourse to the thieves in state government house while the oil prices are not favourable.

My brother, there's a huge difference between Breakeven and Breakthrough.


All you mentioned are characteristics of someone trying to break even not someone trying to break through.

Now let me explain to you in a layman's language.





This is the reason why Dangote is rich. He uses your own money in your account to fund his own refinery through the $9b loan he collected using his Dangote cement worth just over $3b as colateral. Once he completes the refinery, he would have had another asset to use as colateral to borrow another $50b dollars of your own savings to build another project. By the time he is through with that $50b project, he would have had another asset to use as collateral to borrow another $100b. By the time he is through, he would have had about $150b networth. whereas he started with just $3b Dangote cement.

Now Dangote can decide to not borrow, pay up his debts(his Dangote cement must have some debts), keep paying his staffs salary(and even I crease their minimum wage) including the security outfit that can be outsourced(unprivatised agencies) for less expenses. He can the continue to save small small from his small revenue(budget) without borrowing. Whereas he keeps having babies, adopting kids, employing more staff (population growth)

or

He can use the money he used to pay up the debt to start the refinery so that the bank knows he's serious about growing.

Use the money saved from outsourcing the security(privatisation and subsidy removal) to ensure salary is steady.

the money saved from the two above will also increase the networth of his Dangote group. Then use his Dangote cement with it's profitability projection(external reserve) as collateral to borrow $9b for his refinery and continue to grow.


It's your choice, you choose one.

Dangote is now d yardstick u use in measuring d development of a country, smh, guy before ur sense go mature e go tay, cos u know nothing about dangote's operation so shut d hell up, dangote dis n dat who has the most loans in Nigeria, u just need to sit down n browse more and learn from the internet n not become a keyboard warrior attacking everyone on Nairaland who attacks ur god buhari. stop shifting the goal post cos to me ur daftness no get part two.

did u read d recent comment from someone about dangote i doubt u didnt now go tru d post on nairaland n check dangote monopoly in the economy which is not gud for Nigeria, once he starts producing indomie, news came out dat d original indomie kills, are u aware dat st Louis sugar is banned in nigeria, are u aware dat wen he started tomato paste d senate of nigeria issues a statement dat foreign tomato paste are not gud, how about d drama on cement n flour guy go read ur book or try do research n no just dey argue cos u glo dash u data

GavelSlam:
If industries are folding up how come:

Odu'a declared 788 million Naira profit in 2016

Dangote sugar posted 14 billion same year.

12 banks declared a joint profit of 366 billion Naira and that's only for the first half of the year?

Also, the Nigerian stock market for the first half of the year made 2.2 trillion Nairn gain.

https://www.nairaland.com/4069047/odua-declares-n788m-profit-2016

http://www.invest-nigeria.com/twelve-banks-declare-n366-4-billion-profit-h1-2017/

http://leadership.ng/2017/07/03/nigerian-stock-market-records-n2-2trn-half-year-gain/

u dis gavel u don start o, i go wound u sha, those are figures n sometimes no let dem deceive u cos not everything a diver sees under water are he relates to the public, since u mentioned those company out of the 100's can u relate dat to same banking sector dat sacked thousands of workers since last yr till now, some dont get to d news so take a chill pill.

jomoh:
Spend from the external reserve? no wonder Nigeria is where we are.

You need $200b for capital expenditure and you have $33b so you spend the whole $33b on it? marvelous.

let me explain to you in a layman's language illiterate.

This is the reason why Dangote is rich. He uses your own money in your account to fund his own refinery through the $9b loan he collected using his Dangote cement worth just over $3b as colateral. Once he completes the refinery, he would have had another asset to use as colateral to borrow another $50b dollars of your own savings to build another project. By the time he is through with that $50b project, he would have had another asset to use as collateral to borrow another $100b. By the time he is through, he would have had about $150b networth. whereas he started with just $3b Dangote cement.


A country's external reserve is the most important factor for any serious nation.

MUMU was it 200b dollars d govt wants to borrow or 5.5billion dollars simple calcualtion 33.5 -5.5=28 dat cus still be increased illiterate mufo n i know u will always bring a stupid argument, did u read d interest rate he collected those loans some at 9% and others at 10% now mumu do u know d rate he cud fixed 10billion naira in a bank nothing less dan 13% n den check rate of T-bills now u will see he is wise enuf and not dumb like ur so called sef whats is d interest rate Nigeria is collecting these bonds and loan, guy try get sense cos ur illiteracy just too dey alarming.

whats is ur total budget for the year dat u are talking of 200 billion dollars guy u sure say ur sense dey wit u?

try check google n see d rate those loans were given to dangote if na me i go collect at 10% put am for t-bills or fixed deposit cos those rate will b higher dan d rate u pay as interest on such loans try ask how much interest rate would b paid on 10million dollars in fixed deposit.

How much is ur budget for this yr?

sorry i forget APC n crew are gud at brandishing figures hence the so called recovered loot have not been put into gud use cos dey dish out d figures gullible minds like u rejoice n it ends there till dis moment 10% of ur budget has not been implemented, industries are folding up yet ode like u go rejoice at a brandish figure

very normal for APC n crew to always change d goal post to suit themselves

GavelSlam:

The rate of development it seems is directly proportional to debt if you asked me.

You owe less you develop at a slower rate.

guy u just make laff i swear, u win with ur reply so meaning make nigeria borrow more so dey can stole n steal it more n spended it well like some people

jomoh:
Spend from the external reserve? no wonder Nigeria is where we are.

You need $200b for capital expenditure and you have $33b so you spend the whole $33b on it? marvelous.

let me explain to you in a layman's language illiterate.

This is the reason why Dangote is rich. He uses your own money in your account to fund his own refinery through the $9b loan he collected using his Dangote cement worth just over $3b as colateral. Once he completes the refinery, he would have had another asset to use as colateral to borrow another $50b dollars of your own savings to build another project. By the time he is through with that $50b project, he would have had another asset to use as collateral to borrow another $100b. By the time he is through, he would have had about $150b networth. whereas he started with just $3b Dangote cement.


A country's external reserve is the most important factor for any serious nation.

MUMU was it 200 dollars d govt wants to borrow or 5.5billion dollars simple calcualtion 33.5 -5.5=28 dat cud still be increased illiterate mufo n i know u will always bring a stupid argument, did u read d interest rate he collected those loans some at 9% and others at 10% now mumu do u know d rate he cud fixed 10billion naira in a bank nothing less dan 13% n den check rate of T-bills now u will see he is wise enuf and not dumb like ur so called sef whats is d interest rate Nigeria is collecting these bonds and loan, guy try get sense cos ur illiteracy just too dey alarming.

whats is ur total budget for the year dat u are talking of 200 billion dollars guy u sure say ur sense dey wit u?

GavelSlam:
Why does USA owe 19 trillion dollars?

China's debt is 10 Trillion dollars

The Netherlands owes 799 billion dollars.

The South Africa you all run to despite the 'genocide' owes 347 billion dollars.

Nigeria's debt is 13 billion dollars foreign and 14 trillion Naira (46 billion dollars) local debt.

Put together our debt is less than 60 billion dollars.

http://www.nationaldebtclocks.org/

https://www.google.no/amp/s/www.premiumtimesng.com/news/headlines/243644-nigerias-foreign-debt-40-buhari-nbs.html/amp

noted now use ur own sense to compare d rate of development of these countries u mentioned to the present Nigerian state, the countries u mentioned are owing yet have a sound economy as compared to ur country owing less, sometimes we shouldnt not always b daft, if dey talk of development now u will bring anoda argument but u are quick to compare wen it comes to negativity, the money u saved from TSA n recovered loot wat was it used for? u need 5.5 billion dollars n u have a savings of 33.5b dollars now minus d 5.5 if u wont still have a sustainable foreign reserve so y borrow now at d detriment of d nation. if u no know something make una try dey shut up

seguno2:
IF you are not a bloody liar like the technical defeat, technical inflation and technical reserve Buhari liar, show us where oil price averaged $110 from 2010 to 2015.
Thanks.

sometimes no dey waste ur strength on some people wen forget their sense for kitchen den come parlour begin mess up

jomoh:
Because external reserve is not meant to be spent. it is a collateral that the creditors see that your country has the capacity to payback it's loan. The higher your external reserve, the higher the amount creditors will be willing to loan you for your deveopment.

Most people don't understand this. Even my chatered accountant friend shamelessly asked this same question.

The joyful thing about this government is that unlike the previous governments we've had in this country who borrow to fund recurrent expenditures like salaries, this government is borrowing to fund capital expenditures. An example is the Sukuk bond that was handed over to Fasola to constrict roads.

anoda mumu u have such a high reserve yet ur dollar is still 365, u cant pay workers, food stuff is still on the high side n ur industries are working below minimum capacity, i wonda wen una go get sense, u have such in ur foreign reserve why not collect from there instead of borrowing dat will increase your debt profile, den consider d interest rate to b paid on such borrowing. if i may ask wat is the need to borrow when u have savings acct at 4% interest rate and den u go out to borrow at an interest rate of 10% does it show u are sensible?

try get sense if u thnk ur external reserve amounts to progress of d masses

Clerverly:
This is the same Foreign reserve ex president Jonathan met at 56Billion Dollars....but with of help Deziani, Dasuki, FFK, Wike and other corrupt economic terrorists, they shared more than Half of the common Patrimony...only handed less than 22Billion Dollars To Buhari.

ODE Its like Jonathan gives u an erection, u have dat as foreign reserve yet ur dollar is still 365 wit all ur intervention same way ur govt claims TSA have saved billions in dollars yet still goes out to borrow n mind u dis is d 10th month ur budget performance is unknown ode, try get sense mumu

ShyCypher:
If she can't provide the 15k bail money, she should use other means.

A round of sex goes for an average N1000 in that location.

Mathematicians in the house should please calculate how many rounds she needs o drop before she meets her bail conditions.

sometimes cos of likes, comment n I shares we type rubbish n spew trash dey she is pregnant n an under age u no see any beta thing to talk Dan for her to sleep around if I say u no get sense now dem go say I dey insult

Temidayo9:
Your comments is as results of IPOD poisson mind

mufo anybody against d Fulani herdsmen is now an ipob member sometimes I wonder where u likes leave their sense, these guys have been killing particularly in benue n now Jos but yet u are quick to tag ipob who have not even killed a goat terrorist while those dat destroy crops n kill humans in d name of their cow
are free humans guy u need to examine ur head again if ur thinking is OK, n since u support d Fulani herdsmen doing let it b visited on ur family member goat without sense infact even a goat is more sensible dan u are, don't come to nairaand to comment cos u want likes n shares or for people to quote u cos someday Wat u wish Odas will befall u n don't quote me again make I no insult it life

Temidayo9:
On a serious note, IPOD is worse compared to Fulani, though both are terrorist. Ipod Poisson people mind and planting hate in the younger and innocent mind which responsible the likes of your comment.

goat has d ipob members killed anyone I wonder how some of u even have d guts to comment n applaud d Fulani herdsmen who value d life of a cow to any human, maybe if ur family member or close person is involve u won't come n spew dis trash

malware:
When Sanusi married an 18year old girl, all hell was let loose.... Though their age difference was no way closer to this couple.

would u give ur 18 or 13(yerima's case) year old daughter to a man of 50yrs and above?

if u wont den shut up cos these are adult not someone who is 18yrs n a 55 years old man

chidi4eze:
Did the military come to your school or you just heard too?

someone has told u to donate ur kid for vaccination or take ur kid to d school so we start wit ur kid or any member of ur family, dont be stupid at times cos u want likes n shares on social media, guy try get sense,d people said dey dont want vaccine n i dont see y its by force n if u want a first hand story y not go to d areas mentioned rather dan stay behind d keyboard and attack people cos seems u lost ur sense

OZAOEKPE:
That's an insult to the people , as corrupt as zuma is you naming a street after him and also building a statue in honor of a corrupt thing


Okorocha is a use less thing

Where is sarrki??

mtchew u no go see sarki n he likes here imagine 520m for Wetyn no get benefit to imolites n Nigerians n yet one idiot go say APC is working infact am voting APC for 2019

FisifunKododada:
And yet GEJ was a buffoon and you did not ask for his sacking

https://s1.postimg.org/4uraogd7sv/tenor_3.gif

ode was GEJ holding anything ministerial slot?

9jakohai:
Yeah...where do you expect govt to get money to sponsor students from? The skies

Between 2014 and 2016 we lost $100billion in potential earnings from oil when oil prices dropped.

And you expect govt to suddenly find money for students like that?

What with the low amount of money we have now (and the corruption is still there chopping it).

THing is...if we want to keep paying foreign scholarships, we must restructure our economy to be a manufacturing dependent economy. We must stop looking for oil to sell. Oil has died , and been buried.

if u don't know Wat to say politely shut up, u can't pay their fees yet buhari can spend months in a London hospital wit his jet parked in d airport fees are been paid on its parking , ur senators are buying cars upon cars, 26billion dollars controversy n even a Nigerian can use 250 million naira to clear grass, no repeat dat statement again,wat happened to d over hyped recovered loot, Wat happened to d trillions dis govt claimed it has saved from tsa

hakimi1974:
Mike Uniform, Mike Uniform. how are you? i saw your reply yester night, and i decided to wait till this morning for that grey matter inside your numb skull to resset and reboot for you to at least TRY and decode cryptic message that i describe as. oh, i forgot. you are a big Foxtrot, Omega, Omega, Lima.

y not add kilo, echo n tango to tell me you know about marine communication ode ur brain needs to b reset to default mode

hakimi1974:
shekau is dodging from one enclave to another. tom polo is hiding from one creek to another. gani adams don give him self brain keep quiet. nnamdi kanu don dissapear. asari dokubo is now a youtube video comedy sensation. walahi, i like this buhari style, no time for nonsense.

ode go catch am na

HungerBAD:
Interesting.

My advice is simple. The parents rushing to pick up their kids from school, believing the military wants to inject their kids, should also enrol in the same school with their kids after all these drama.

It shows they not only lack common sense,but that they too like their kids,needs some formal kind of education.

What does the military stand to gain harming the citizenry?and just like i told somebody yesterday. You will think with the constant complaint about the Military in Nigeria, that it is only populated by the Northerners and that there are no other tribes inside.

Anybody that has lived close to a Military formation/base knows the military conduct these exercises to civilians from time to time. From free Vaccinations, to checking of BP to eye treatments and one time they even shared Condoms along the streets.

But no,Buhari is President and wants to kill all Southerners.

Some years ago. I think Goodluck Jonathan was the President then(i stand to be corrected), 84 Northern Kids were killed when a fake teething medication(MY PIKIN) was sold to their parents who gave their kids to consume.

A Yoruba man (Adeyemo) and an Edo man (Eromosele)were both convicted and sent to jail for it. I did not read anywhere that Jonathan was trying to kill Northerners, since the makers of the drugs are Southerners.

We should stop viewing everything this Government does as evil. It is not healthy for us.

Mynd44 and Lalasticlacla what is your opinion?

always bringing GEJ into ur rubbish, if ode was it GEJ dat brought my pikin teething to d north if u no get fact den shut up, u n ur likes avoided d 26billion dollars thread like a plague, dey shud give d vacine to d people in ur area bayelsa said no dey don't want free vacine Na force. saying peoples parents lack common sense I doubt if u have parents or mayb ur own parents lack common sense hence u can refer to parents going to get their kids as lacking common sense n u dat have sense look at ur senseless post n if u dare quote me am ready to insult u n ur family n damn d consequences of d ban dat will follow idiot.

Mr common sense n sensible were did u read dat d drugs were produced in d south.ur foolishness smells to d high heavens n u n ur likes shud have just ended in a condom dumped in a soak away pit

VICTORY IS UR NAME N U SHALL GO N COME SAFELY

Clerverly:
Ipob yoot, the so called contract, was the joint Venture loan bewteen NNPC, shell AND CHEVRON valued at 630 Billion! It was not a procurement contract, as you were to believe! Deluded ipob yoot!

plz shut up where den is d 26billion dollars contract or how in ur brain does 640million naira equate to 26billion dollars can u do d math convert 26 billion dollars to naira if it equals to 640b naira my friend face d truth dey shud tell us about d 26 billion dollars n we are talking about trillion n do u mind using ur calculator to compare both figures

same at Ketu, had to take yellow bus

d guy no dey hear blast of train abi

brainpulse:
It's so glaring from every indices that Kachickwu wanted to be the sole administrator of NNPC so that he cam solely influence decisions as he wants.

always looking for excuse to defend corruption of apc

stabilizer:
Please where are you located? Distribution of common sense in that jurisdiction is poor. I'm sure you've not receive yours brother. Report your local government area please. Asap!

I guess ur sense still dey fire, wen e don let me know since u no know sarcasm/joke wen u see one ode,

Alexgeneration:
What has He done with the previous loans? Abi na to just to dey collect without anything positive to show for it? I hope the loan is not meant for financing 2019 elections?

My friend didnt u read d news dat d money spended was well spended on medical trips n parkingof jet in UK, stop asking stupid questions, Buhari is a private individual n does not need to explain to u dis loan is meant for anoda medical trip

tsdarkside:
this was the system jonathan told us was okay....you wailing wall of the yeast are not sane a tall....

Ode wat concerns GEJ n dis post two yrs APC still shouting GEJ daily, abeg move on joor, hypocrites buhari till date has not produced his weac certificate but hired 13 sans to fyt the case in court if he actually had a certificate he doesnt need even half san to defend him.

valentineuwakwe:
can you just read again what you call demand s for restructuring?they sound so funny. .first you claim of holidays, so you want Muslims to create another extra holiday that the holy prophet Mohammed did not sanction when alive in nigeria just to balance the 5 Christian holiday you claim they have. .you talk about immigration, how would talk a passport with a cover face or with a block ear? or say turban. .the rule on international laws allows one to show his or her face clearly so why the complain?. . .you talk about military uniform, you make me laugh, you think the military is a praying centre or what. .don't you know those dress fit in for mobility, agility and speed. .so you will wear agbada or him an dress to the army and when a real war even comes, you will able to run or be agile. .you talk of Friday, well that will be good a bit but can the govt allow Nigerians have another extra day rest? dat means workers will now work from Monday til Thursday's. ..Friday, Saturday's and Sunday's will be rest days.....dat would be lovely. .
you talk about southwest, why not say sharia courts in the south east and south south? will you guys allow Christian courts in the north?
but you did not mention other areas in the north or Muslim had other advantage than the southern Christians . . .you for mention apointments, oil block, LGAs, states, house of representative seats and senators. .by the way who knows this group. . .mtcheww!

DEY SHOULD KNOW DAT good friday is never a public holiday n he shud ask well

TEYA:
You are not a tout but you already want to punch me? Lol your attitude screams TOUT! You cannot hide your personality. Warri my foot! Very lazy set of people.

Ode like i said i will punch ur face to teach u how tout behave, idiot y did u refuse to mention ur state lets see if u are beta off. Delta no good i wonder what you still doing there, Deltans are lazy mayb the ones you live with are but we Deltans we work n hustle for our money n not like goats who sit behind d internet n say trash about a state she was not born in. mention ur state. like seriously i wish na face to face i for ring bottle for head make u know the meaning of tout.

Y not go to ur state n hang out with ur hard working people

TEYA:
And who told you deltan goat that I am yoruba. Average deltan is a tout, and you are less than average. I see your type in warri everyday. Are you not one of those warri guys that sit under the tree in the neighbourhood to wait for a vehicle carrying building materials to a site so that you can run after it for extortion. Ewu delta!

Goat an average Deltan is educated n would not tout around for peanuts it's outsiders like u dat comes to d state giving it's indigenes bad name n committing all manner of atrocities,call d name of ur state let's know if ur state is beta Dan d average Deltan, me am. proud to b Deltan, Warri confirm, ode call ur state make we know