FG May Get $1 Billion Afreximbank Loan In May - Politics (2) - Nairaland
Nairaland Forum › Nairaland General › Politics › FG May Get $1 Billion Afreximbank Loan In May (6638 Views)
| Re: FG May Get $1 Billion Afreximbank Loan In May by gungab(m): 7:19am On Apr 09, 2024 |
For how long will they keep defending the Naira |
| Re: FG May Get $1 Billion Afreximbank Loan In May by Anunakeeh: 7:19am On Apr 09, 2024 |
Oblitz:True, It's a british business center. |
| Re: FG May Get $1 Billion Afreximbank Loan In May by lexy2014: 7:21am On Apr 09, 2024 |
Lithiumite:then what were Tinubu/APC and buhari whining and bitching about under Jonathans administration?
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| Re: FG May Get $1 Billion Afreximbank Loan In May by Basicend: 7:34am On Apr 09, 2024 |
To do what with it? To print 3 national ID cards? |
| Re: FG May Get $1 Billion Afreximbank Loan In May by Bfly: 7:41am On Apr 09, 2024 |
Nigeria and Oil |
| Re: FG May Get $1 Billion Afreximbank Loan In May by Osek(m): 7:51am On Apr 09, 2024 |
Whenever I see an headline with the FG going all out to borrow money, I just laugh because out of this 1billion dollars loan, 950million dollars has already being stolen by the thieves in power. This APC regime is the worst thing that has ever happened to Nigerians. I can bet with anyone that by the end of the eight years reign of tinubu, there will be nothing tangible to show maybe just hanging on one particular project. |
| Re: FG May Get $1 Billion Afreximbank Loan In May by Phred1717: 8:02am On Apr 09, 2024 |
This comment is as dumb as the writer. You borrow to sustain the Fx not even for production. And This nonetity is happy Richtaiwo: |
| Re: FG May Get $1 Billion Afreximbank Loan In May by davodyguy: 8:05am On Apr 09, 2024 |
racerve:Most you guys that follow that Kalu guy are being mislead. About 90% of dollar inflows into Nigeria is via sale of Crude oil. So you need more dollars, stop oil theft, sell more crude oil and you'll earn more dollars. There's nothing we can do about that. Saudi is spending oil money Russia is surviving the sanctions with sale of Crude oil and gas UAE developed with oil money before divesting into Tourism Qatar is spending oil money. It's not bad to build on something that the world needs. So far CBN dollar sale to BDCs that has controlled Forex to ₦1200 is even less than ₦100m. Under Emefiele, we spent billions yearly to support Naira. What they're doing now is gradually working and we should be hopeful, not pessimistic by wishing evil on Nigeria |
| Re: FG May Get $1 Billion Afreximbank Loan In May by Yelight(m): 8:08am On Apr 09, 2024 |
Meaning the strength naira is experiencing now is as a result of the $2.2b of the loan the country got in January, now that the remaining will be paid soon there is hope the naira will gain more strength but what happens after, are there investments or infrastructural projects with long term profit that this loan has been invested into? If not it is only a matter of time before the naira come crashing again o. God heal our land. |
| Re: FG May Get $1 Billion Afreximbank Loan In May by Lithiumite: 8:13am On Apr 09, 2024 |
lexy2014:If the pic u posted is anything to go by,there isn't any time frame stated for the appreciation of the naira to sub 200 naira.......if anything,this is actually the first time we would be seeing the naira appreciate from any level of depreciation ever in the history of this country..... that then tells you something positive is being done and we can all encourage them and criticise where necessary. |
| Re: FG May Get $1 Billion Afreximbank Loan In May by marlow1962(m): 8:18am On Apr 09, 2024 |
Oblitz:So it's only oil they made u believe Nigeria has? Lmao |
| Re: FG May Get $1 Billion Afreximbank Loan In May by Lithiumite: 8:18am On Apr 09, 2024 |
dreamxhaser:Do those people criticising this govt know how long it took china to get to where they are today,even India,Brazil and SA...... development is never a tea party, social dynamics have to be severely disrupted that our ways of life would never remain the same.....but here we want to eat our cake and still have it,drive big cars and build big houses without putting in the real effort to develop the country. |
| Re: FG May Get $1 Billion Afreximbank Loan In May by lexy2014: 8:41am On Apr 09, 2024 |
Lithiumite:that is not what I asked you. if you say that "All factors needed to restore the Nigerian Econ can't be done in 4 years", then what were Tinubu/APC and buhari whining and bitching about under Jonathans administration?
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| Re: FG May Get $1 Billion Afreximbank Loan In May by lexy2014: 8:41am On Apr 09, 2024 |
Lithiumite:then what exactly were Tinubu/APC and buhari whining and bitching about under Jonathans administration? |
| Re: FG May Get $1 Billion Afreximbank Loan In May by EnterpriseMan(m): 8:55am On Apr 09, 2024 |
racerve:You're replying a clown. When you see people like that you ignore them. People that don't have 1k in their accounts na them dey make noise for here pass. They know themselves. |
| Re: FG May Get $1 Billion Afreximbank Loan In May by EnterpriseMan(m): 9:00am On Apr 09, 2024 |
The billions they've borrowed already to support it isn't enough? They want to use the whole country as collateral for more loans that they can't pay back? Borrowing dollars to support a currency has to be the dumbest thing I have ever heard. Your country currency value rises when you have a great economy and people want your Naira and you have something to offer other countries. Right now none of that is the case, borrowing to support Naira that has no value has to be the dumbest thing I have heard. Anyway they know themselves. The Term borrow to them means Looting so nothing New. |
| Re: FG May Get $1 Billion Afreximbank Loan In May by EnterpriseMan(m): 9:03am On Apr 09, 2024 |
gungab:Until they leave power so that they next person that comes in would be crushed by it. Borrowing dollars to support a failing currency has to be the dumbest thing I have heard. Instead of sorting the problem that is making the currency fail, they're Borrowing which we all know 90% of it is going to be looted. Borrowing to support the Naira without fixing the issue that is making it fail is like putting a brain dead person on life support (just extending his time of death). |
| Re: FG May Get $1 Billion Afreximbank Loan In May by Lithiumite: 9:42am On Apr 09, 2024 |
lexy2014:I am not the chief campaigner of neither of them.....if Gejs campaign was so inefficient and couldn't posit appropriate response to the APC at the time,how's that my business |
| Re: FG May Get $1 Billion Afreximbank Loan In May by lexy2014: 9:45am On Apr 09, 2024 |
Lithiumite:off point. did I ask you about campaign? if you say that "All factors needed to restore the Nigerian Econ can't be done in 4 years", then what were Tinubu/APC and buhari whining and bitching about under Jonathans administration? |
| Re: FG May Get $1 Billion Afreximbank Loan In May by AcrylicProperty(f): 8:54pm On Apr 09, 2024 |
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| Re: FG May Get $1 Billion Afreximbank Loan In May by Poleski: 7:18am On Apr 10, 2024 |
Richtaiwo:Chronic tribal bigots like you are usually braindead. If you know how economy works you won't utter that nonsense. Using an artificial way to "regain" the naira value isn't sustainable. |
| Re: FG May Get $1 Billion Afreximbank Loan In May by adenigga(op): 1:37am On Apr 11, 2024 |
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