₦airaland Forum

MemoriesAndMe:
I said think equity first. Do you think those people have to pay $300m cash? How about getting line of credits for that based on their past financial decisions? If you ran a bank, whom would you lend money first - someone that spends all his money recklessly or someone that has his funds tied in multiple tangible investments? Even flashy cars aren't assets worth lending people cash on as the depreciate.
Do you think Dangote paid cash for his refinery? If he did, thats not a smart financial decision.hes credit worthy and banks will finance him more than someone that wastes his funds because he has built equity over time.

This is getting ridiculous. Read my post again before responding. You are trying to sound smart but you end up sounding very stupid.

No bank will finance 100% of a project. You still need to put in equity which runs into millions of dollars.

You are a deluded lazy youth if you want to compare the amount of money that stupid fraudsters spend in a night club to the amount needed to build a refinery. Now run along and stop wasting my time