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Nairaland Forum / Nairaland / General / Politics / FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget (8515 Views)
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FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by ogododo: 8:03am On Jan 18 |
Nigeria is seeking $1.5bn aid from the World Bank to tackle the severe dollar shortage contributing to the decline of the naira. https://punchng.com/fg-seeks-1-5bn-loans-to-shore-up-naira-boost-budget/
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Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Nbote(m): 8:03am On Jan 18 |
Again!!!!!! 36 Likes 2 Shares |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Bobloco: 8:04am On Jan 18 |
Another loan What happened to all the money saved from subsidy removal 92 Likes 3 Shares |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Kenochi(m): 8:57am On Jan 18 |
It seems Nigerians are in for a long thing this year,the way this government is going about borrowing money is becoming too close for comfort.This Government needs to come clean on certain issues,the foreign exchange shortfall is something that requires serious critical thinking Until we answer some very pertinent questions as to our ability to generate forex as a country,this short cut of borrowing can never be sustainable Any business in this country who is not making plans to add income from the Diaspora will struggle this year, the only way out for us as a country is to begin to look at other avenues to generate foreign exchange This will include reforming the way the country is structured, giving more powers to the state to determine their destiny and earn extra foreign exchange instead waiting for the federal government I believe states should be allowed to create structures that will allow them earn foreign exchange,this will reduce pressure on the federal government to keep constantly looking for foreign exchange for the whole country Still selling good properties with good titles at Ibeju Lekki Industrial Hub including Free Trade Zone, Dangote Refinery and Lekki Deep Sea port 17 Likes |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Ozommadu: 8:58am On Jan 18 |
All the trillions saved from subsidy nko?? Even dangote refinery will reduce pressure on dollar clue where una dey Seunmsg FreeStuffsNG Obiedun LeoDeKing And other nairaland former buhari paid defense team,now tilumbu praise singers. Come and defend the failures you love to support 85 Likes 8 Shares |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by NzogbuNzogbu: 8:58am On Jan 18 |
Why is tinubu this daft with his trial and error ways You borrow billions of dollars to wedge naira for a few days just for your zombies to be happy Have the naira not always gone back to its fall after that, why not solve the inflation issue 55 Likes 4 Shares |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by RepoMan007: 9:01am On Jan 18 |
ogododo: What is the point borrowing scarce forex with painful interest and then being wasteful by funding pilgrimage, buying hair extension, or going on frivolous travels with it? 19 Likes |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by NzogbuNzogbu: 9:01am On Jan 18 |
Tinubu is just roaming in cycles when the issues here need urgent measures Good Security to encourage farmers and business can curb inflation Reduction of these stupid tax, bank charges, nepa tarrifs can curb inflation Bring back fuel subsidy for the main time before dangote start (if he ever would) instead of paying scam subsidy for electricity 27 Likes 2 Shares |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by RepoMan007: 9:04am On Jan 18 |
Ozommadu:all arguments does not equate to supporting failures mr man. Local refining of crude should actually eliminate the need for going out to buy petrol with forex. It should also boost prospect of earning more forex if and when exported. 3 Likes 1 Share |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Artscollection: 9:12am On Jan 18 |
These people are lost!!! Seems to them we are in a circus. 9 Likes |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Bullfallo(m): 9:16am On Jan 18 |
Trillions of the subsidy saved where is the money? They are in circle. They told us subsidy will stop borrowing. Yet it didn’t. Poor man can no longer get the basic things like drugs, food , rent and transports. The money will be looted back to those countries IMF and world bank knows what they are doing. they said fuel has been reduced to 60 million liters per day. 670 today price vs previous price 200. 670 - 200 that’s 470 470 X 60 million 28,200,000,000 savings in a day. In a month that should be 846,000,000,000 In 6 months that should be 5,076,000,000,000 (five trillion) Also the money they saved for floating the naira From 550 to 1050. Any country in the world that is facing hyper inflation just know that there is massive corruption in that country. There was massive corruption and looting in buhari administration that was the reason the dollar rate was so high to the extent they start defending the naira. When amechi was borrowing money from china and wasting them on railway that leads to no where. All those projects are economy sabotage. The inflation in abacha administration was so much that Nigerians move from cooking with kerosene to wood dust in the 90s, same thing in the 80s when buhari was still there. The fact abacha loot is still been repatriated to this day is a testament to the fact that corruption was so massive in the last administration hence the hyper inflation in the last 8 years; the NNPC and Oil thief’s, project scams, subsidy scam,CBN Trader loan scam, school feeding scam, rice farmer scam with fake rice pyramid e.c.t It’s time we dissolve Nigeria and let every region find there new destiny. Dangote refinery will not solve any problem. Because the companies that bought our crude is the same source that sell finish product to us what this means fewer market for our crude oil when dangote starts. 24 Likes 1 Share |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by meolaniyi(m): 9:16am On Jan 18 |
The scammer continues We are teaching igbos lesson 101 18 Likes |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Ozommadu: 9:32am On Jan 18 |
RepoMan007: So help us ask tilumbu what exactly he intends to do with the $1.5bn loan 22 Likes |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Brendaniel: 9:38am On Jan 18 |
RepoMan007: Oga, corruption is the major reason the naira is falling and Tinubu is not fighting corruption... Back to the topic; We warned about Tinubu but they didn't listen 17 Likes |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by easyfem(m): 9:38am On Jan 18 |
But why this gov always borrow and u expect you naija currency not to loose value . This is part of reason why our currency is failing . I no won too blame tinubu like that but as for BUARI , he no go die well |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by sofeo(m): 9:39am On Jan 18 |
Alright |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by BigDawsNet: 9:39am On Jan 18 |
Which type of loan does an introvert prefer? A leave me alone. 8 Likes |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by ClearFlair: 9:39am On Jan 18 |
Another loan |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by FOOTSOLDIER2(f): 9:39am On Jan 18 |
Ayakata Chicago first class accountant alias white substance kingpin 13 Likes |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by omooba969(m): 9:40am On Jan 18 |
Doing the same thing and expecting a different result is the undeniable beauty of stupidity. This is the same measure Prof Yemi Osinbajo's economic team applied to keep the sick Naira afloat but it wasn't sustainable in the long term. Tinubu's team are now attempting the same lazy-man's measure which now necessitates our dear APC govt to borrow more. Bigger debts to repay! Tell me how sustainable this is, this is wuruwuru economics to say the least. 7 Likes |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by CASTOSVILLA(m): 9:40am On Jan 18 |
Total madness 😠 APC is a big failure! Oh God! 7 Likes |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Honestey: 9:40am On Jan 18 |
It's finished 3 Likes |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by mrvitalis(m): 9:40am On Jan 18 |
$1 to #2500 before December 6 Likes |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Xox1945(m): 9:40am On Jan 18 |
Nothing serious stealing and looting continues 4 Likes |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Dikastan: 9:41am On Jan 18 |
Borrow borrow made me rich 2 Likes |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by mrvitalis(m): 9:42am On Jan 18 |
NzogbuNzogbu:Lmaooo its to early to cry na bros You forgot to change account? Na statistics we go chop? 19 Likes 3 Shares |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by YourNextLevel(m): 9:42am On Jan 18 |
Hahhahahah They are penetrating little by little Is just the start. |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by MrAnele(m): 9:42am On Jan 18 |
country is dead 3 Likes |
Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by Emma1Oj(m): 9:43am On Jan 18 |
Very soon they will use Nigerians to collect loan. They shld just sell this nation to Benin Republic. 4 Likes |
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