₦airaland Forum

L

TechspeciaIist:
oga keep shut, stop typing ignorantly

Why don't you act intelligent and shut me up with his completed projects

Omo see cheating.just two days ago, federal government approved 115 billion naira for the dualization of Kano -kazaure road , but in the niger delta, where the treasure of the nation is based, they need sukkuk bond to secure a paltry 10billion.

Sukuk?
Islamization of south east

Penguin2:
Don’t mind the fools.

They keep lamenting that Jonathan left an empty treasury; supposing that is true, at least he didn’t leave loans for them.

Now, as it stands, Buhari is not only going to leave an empty treasury, he will also leave humongous loans that the little resources generated won’t even be enough to pay interests on their numerous loans.

This is not how an enterprise becomes viable.

This is elementary business knowledge.

But Tinubu urchins will continue to support this disaster just because they are hoping he would support their drug lord to win the presidency.

But I will keep saying it, if all of Tinubu’s actions since 2015 has been borne out of sheer patriotism and good of the Nigerian common man; and that he was convinced that Buhari had repented and had the mental capacity to rule Nigeria, then let God reward him with the presidency.

But if his actions has been informed by greed and his lust for power, then if he becomes president, I will know there is no God anywhere.

I put the challenge to God!

Sometimes, you guys are so ignorant in your comments it makes one feel like weeping!
First off, Jonathan presided over the worst case of Sleeze since Nigeria’s independence in 1960. That does not require any debate. The millions of dollars slushed away by Diezani Madueke and other billions distributed to cronies by Dasuki bear witness to that fact. Imagine how many roads, bridges, schools, etc, could have been built for the people with those funds.
Now, you talk about Jonathan not having left any loans! What is wrong with a developing country like Nigeria securing Loans for purpose of infrastructural development? After the devastation of Slave Trade era (which lasted for centuries), how else are the African countries going to fast-track the development of their economies in areas of manufacturing, mining, refineries,etc, while providing mass education, healthcare facilities, alleviation of endemic poverty and so on?? Even, the Developed nations of the world have to resort to borrowing and do not remain static waiting for decades to do what needs to be done. The USA is currently Trillions of dollars in debt, and so are some so-called developed European nations. The issue is not the borrowing, it is what you do with the borrowed funds to propel your nation into the 21st Century that matters! Not when a leader goes a-borrowing to distribute to his girl friends and cronies littered all over the place!

shinealight:
Sometimes, you guys are so ignorant in your comments it makes one feel like weeping!
First off, Jonathan presided over the worst case of Sleeze since Nigeria’s independence in 1960. That does not require any debate. The millions of dollars slushed away by Diezani Madueke and other billions distributed to cronies by Dasuki bear witness to that fact. Imagine how many roads, bridges, schools, etc, could have been built for the people with those funds.
Now, you talk about Jonathan not having left any loans! What is wrong with a developing country like Nigeria securing Loans for purpose of infrastructural development? After the devastation of Slave Trade era (which lasted for centuries), how else are the African countries going to fast-track the development of their economies in areas of manufacturing, mining, refineries,etc, while providing mass education, healthcare facilities, alleviation of endemic poverty and so on?? Even, the Developed nations of the world have to resort to borrowing and do not remain static waiting for decades to do what needs to be done. The USA is currently Trillions of dollars in debt, and so are some so-called developed European nations. The issue is not the borrowing, it is what you do with the borrowed funds to propel your nation into the 21st Century that matters! Not when a leader goes a-borrowing to distribute to his girl friends and cronies littered all over the place!

He who goes a borrowing, goes a sorrowing.

Few questions for you…

As a person, is it every time you go to borrow to solve your problems or do you have all the funds you need?

Again, are loans the only alternative to scarce resources to a sovereign like Nigeria? Have ever studied how Peter Obi handled Anambra economy without having to put the state into debts just he’d build infrastructure?

Should Nigeria continue to borrow just because America is owing trillions of dollars?

Does it not trouble you that the money we are generating through crude oil is going into subsidy without the NNPC remitting a single kobo to govt coffers while the monies from other sources of revenue are used for debt servicing?

Penguin2:
He who goes a borrowing, goes a sorrowing.

Few questions for you…

As a person, is it every time you go to borrow to solve your problems or do you have all the funds you need?

Again, are loans the only alternative to scarce resources to a sovereign like Nigeria? Have ever studied how Peter Obi handled Anambra economy without having to put the state into debts just he’d build infrastructure?

Should Nigeria continue to borrow just because America is owing trillions of dollars?

Does it not trouble you that the money we are generating through crude oil is going into subsidy without the NNPC remitting a single kobo to govt coffers while the monies from other sources of revenue are used for debt servicing?

It’s okay to blow grammar about the ills of debt servicing but that does not address the immediate problem when your loved ones are starving. Any family man will tell you what makes sense for him to do immediately, when his children are sitting at the table with nothing to eat. Enough said!
You talk about Fuel Subsidy? Without it, what would be the effect on transportation costs for the masses? How would the common man get to and fro his place of livelihood? What would be the effect on food prices? Think about the masses of poor people….that is what government is all about…. alleviating the suffering of the masses!
What do your leaders do with the money generated from the Crude Oil anyway? Siphon it abroad to buy houses in Dubai, the UK, etc for their girl friends and nuclear family!!

Penguin2:
He who goes a borrowing, goes a sorrowing.

Few questions for you…

As a person, is it every time you go to borrow to solve your problems or do you have all the funds you need?

Again, are loans the only alternative to scarce resources to a sovereign like Nigeria? Have ever studied how Peter Obi handled Anambra economy without having to put the state into debts just he’d build infrastructure?

Should Nigeria continue to borrow just because America is owing trillions of dollars?

Does it not trouble you that the money we are generating through crude oil is going into subsidy without the NNPC remitting a single kobo to govt coffers while the monies from other sources of revenue are used for debt servicing?

By the way, I think Peter Obi was very myopic and selfish with his policy of handling Anambra economy without borrowing. That is an elitist way of thinking…. suffer the masses of people as long as your nuclear family is comfortable and living in opulence.
Millions of Anambrarians are still wallowing in poverty and the capital city is still a glorified village.
There are two critical commodities you have at your disposal in life….time and energy,,,, both are continuously dwindling and would fizzle out if you do not make utmost use of them. That’s why you’re told to “make hay while the sun shines”.
You cannot make the masses of people go through hardship, suffer and die prematurely, and then come and brandish some plaque that you governed without borrowing a penny. You have simply wasted peoples’ lives and their souls will ask you at the appropriate time.
Go to China and see how masses of people are being managed and helped to experience a fulfilling life of the moment. We are supposed to live in the present. Utilise the present resources to better the lot of your people who are alive TODAY while at the same time preparing to help those coming after them to also enjoy a fulfilled life!

Sukuku money from organizations of terrorist nations?

With Setraco in charge of some section of the road.....nothing to rejoice about.

This guys are not serious at all. All of them are the same.

JosephXavier:
East - West road that Obasanjo started to construct has not been finished and they are still securing loans for it

Lord have mercy on us

Penguin2:
Don’t mind the fools.

They keep lamenting that Jonathan left an empty treasury; supposing that is true, at least he didn’t leave loans for them.

Now, as it stands, Buhari is not only going to leave an empty treasury, he will also leave humongous loans that the little resources generated won’t even be enough to pay interests on their numerous loans.

This is not how an enterprise becomes viable.

This is elementary business knowledge.

But Tinubu urchins will continue to support this disaster just because they are hoping he would support their drug lord to win the presidency.

But I will keep saying it, if all of Tinubu’s actions since 2015 has been borne out of sheer patriotism and good of the Nigerian common man; and that he was convinced that Buhari had repented and had the mental capacity to rule Nigeria, then let God reward him with the presidency.

But if his actions has been informed by greed and his lust for power, then if he becomes president, I will know there is no God anywhere.

I put the challenge to God!

Borrowing is also part of terrorizism only terrorists borrow like buhari.

Very meagre. How much will he chop, how much will his boys chop. How much will then go for the construction?