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21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues - Politics (3) - Nairaland

Nairaland ForumNairaland GeneralPolitics21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues (25304 Views)

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Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by advanceDNA: 12:20pm On Aug 27, 2024
plantist:
He don go back go collect money from the Muslims: https://www.google.com/amp/s/www.vanguardngr.com/2024/03/abia-to-borrow-125-million-from-islamic-dev-bank-otti/amp/
He ddnt borrow it eventually....it was even mentioned recently that he hasn't borrowed since he resumed office
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by Smartcitizen: 12:21pm On Aug 27, 2024
eleniyan2020:
tell me what else he did apart the two 25km Road he construct?
At least you also said he is doing something with your 25km road confirmation.

We are still looking for the airport the former governor Okezie IKpeazu promised us.


🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by perfri(m): 12:22pm On Aug 27, 2024
Bro, let me educate you. no bank will give a state government loan beyond his tenure. Also, they do credit anlysis before giving out loan and so they must have checked his repayment capacity
CyrusVI:
cheesy
Otti is the inly Nigerian Gov to take Islamic bank loan this year

The man don use Abia state future play kite

Next Gov go pay debt till he tire
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by Emmabyte: 12:23pm On Aug 27, 2024
Ogun state again after all what china did to presidential jet
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by EXPRESSSMAN(m): 12:24pm On Aug 27, 2024
This is the Tinubu effect we are talking about.
He increased their allocation by 40% And their expenses by 400%. And his supporters are celebrating and want everyone to be clapping for him.
Is this not the problem every other person is facing.
He increased minimum wage by over 100%, yet the new minimum wage cannot buy a bag of rice.
Celebrating tuition loan to students that cannot concentrate because of hunger and insecurity.
Tinubu has nothing good to offer Nigerians. Those still deceiving themselves should realize it now.
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by Smartcitizen: 12:30pm On Aug 27, 2024
CyrusVI:
cheesy
Otti is the inly Nigerian Gov to take Islamic bank loan this year

The man don use Abia state future play kite

Next Gov go pay debt till he tire
Hahaha!


Any news coming from Dapo Abiodun region I jump and pass in Jesus name Amen.



🤣🤣🤣🤣🤣🤣
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by Nwaokunkpara: 12:30pm On Aug 27, 2024
Jayhome24:
From loan by the time he leaves office the debt on Abia will be hell.
State what you know and stop being plain stupid
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by Omenlon: 12:33pm On Aug 27, 2024
Edo election next month, Obaseki borrowing 42.71billion, to execute which project? There is God ooooo.
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by soullove1881(m): 12:39pm On Aug 27, 2024
Smartcitizen:
Where is Alex Oti getting all these money he is using in Abia State.

I'm surprised that Abia is not among the States borrowing money.


I'm just wondering what Alex Oti is doing that others governors doesn't know.
He might later borrow. Lagos state is also not on this current list.
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by Bitterkola100: 12:39pm On Aug 27, 2024
Smartcitizen:
Did you read the article?

It's either the writer is deceiving us or you are the one confusing yourself.

All I'm saying is from the write up and not beer parlor gossip.
keep predending you do not know his borrowing spree.
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by HellVictorinho8(m): 12:43pm On Aug 27, 2024
Smartcitizen:
Well that's not what the article is saying, unless you are wishful thinking.
embarassed embarassed
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by blackseed(m): 12:44pm On Aug 27, 2024
Ibo states with nothing , what to borrow above 500 billion
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by NairaMaster1(m): 12:46pm On Aug 27, 2024
Smartcitizen:
Where is Alex Oti getting all these money he is using in Abia State.

I'm surprised that Abia is not among the States borrowing money.


I'm just wondering what Alex Oti is doing that others governors doesn't know.
Prudence
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by Achoghim: 12:49pm On Aug 27, 2024
Don’t worry, Governor Peter Obi will have a press conference tomorrow when he returns from the Nigeria Governors Forum (NGF) meeting in Abuja. I heard he sacked the finance commissioner last night. I don’t know, but my guess is that it is not unrelated with this humongous loan that Prof Soludo is about to take.
Krankhead:
Anambra 245 million. What does obi the gbajue master had to say. .
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by Bluntemperor: 12:56pm On Aug 27, 2024
Ennyjude:
Nothing changes
Our Governors,our Emperors!
Can they lists what they have used the Homongous NBILLIONS for- from the Palliatives to Quarterly NBILLIONS from Oil-to- NBillions in Yearly Budgets - to the 13% derivation by Oil Producing States of Nigeria!
Nna do well- as the States becomes more poorer because our Governors don't know what to do with Money.
I pity the gaulibles Youths,the gaulibles audiences/ Masses.
How many of the Jobless Youths and the Masses,have been supported by these Governors in Grants,in Scholarships,in States Infrastructures development,etc.
Rubbish and despicable acts.
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by Yelight(m): 12:57pm On Aug 27, 2024
As much as I'm not a fan of the reckless borrowing of the state governors. The narrative the FG's urchins are trying to push out that FAAC has increased by 40% is not completely true. It has truly increased in figure but greatly reduced in value. What the state could do with their "little" allocations during Buhari failed regime cannot be done with the "increased" allocations under the super failed FG of Tinubu. VALUE NOT FIGURE!!!
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by Mikuni(m): 1:12pm On Aug 27, 2024
CyrusVI:
cheesy
Otti is the inly Nigerian Gov to take Islamic bank loan this year

The man don use Abia state future play kite

Next Gov go pay debt till he tire
Lol
The Abia man no know say him governor don cash out. He dey hype thief
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by Kdon2: 1:14pm On Aug 27, 2024
ogododo:
https://dailytrust.com/21-states-seek-n1-65trn-loans-despite-40-rise-in-faac-revenues/
All ibo states are there yet they can't pay even the expired 30k minimum wage☹️
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by Smartcitizen: 1:14pm On Aug 27, 2024
Bitterkola100:
keep predending you do not know his borrowing spree.
Please stop being negative minded,

Anyway your user name says a lot about you.
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by Bluntemperor: 1:18pm On Aug 27, 2024
Omenlon:
Edo election next month, Obaseki borrowing 42.71billion, to execute which project? There is God ooooo.
Let the dead PDP belly-members or supporters come to defend him.
Most Governors are just hiding under this weak Constitution to commit atrocities against their States.
Or let Each States Governors State Clearly- Why and What they need the Loans For!
Let them Clearly State if for their Citizens, before approvals!
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by Kelklein(m): 1:19pm On Aug 27, 2024
Taking loan is done more out of culture than of necessity..

They take the loans because it's convenient to do so..

They do do under the guise of deficits and end up stealing half of it.

Some of the governors are way richer than the state they govern. The system made it so.
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by Jayhome24: 1:40pm On Aug 27, 2024
Nwaokunkpara:
State what you know and stop being plain stupid
You are the very stupid idiot that belief a governor runing a state with no known natural resources ad minor population and lesser GDP and you didn't know its all from Ioan then tell us then he is printing money so DSS can go for him.

Ozuor fool. No common sense.
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by kedeojo(m): 1:41pm On Aug 27, 2024
ogododo:
https://dailytrust.com/21-states-seek-n1-65trn-loans-despite-40-rise-in-faac-revenues/
Tinubu is all the problem. Most governors have nothing to show even with the federal allocation. What is Obaseki doing with 42b again, when he has less than three months to go.
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by MichaelSokoto(m): 1:42pm On Aug 27, 2024
Pls, warris Edo state doing there?

Hey yo!
Mr. Obaseki, warrafuq is going on?

Dude, why u borrowing?
Warrayu borrowing for mrrraf**ka?
angry
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by kedeojo(m): 1:45pm On Aug 27, 2024
Smartcitizen:
Where is Alex Oti getting all these money he is using in Abia State.

I'm surprised that Abia is not among the States borrowing money.


I'm just wondering what Alex Oti is doing that others governors doesn't know.
What is he doing. Only Aba has been in the news. The little he has do so far, are domiciled in Aba . .
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by Iampromoted(m): 1:45pm On Aug 27, 2024
Delta State no dey the list of intending borrowers. Kudos to Gov. Sherrif Oborevwori.
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by press9jatv(m): 1:47pm On Aug 27, 2024
So Adeleke is borrowing loans up to over #10b . Nawaoooo
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by nusirat(m): 1:52pm On Aug 27, 2024
Ojiofor:
Alex Otti said he haven't borrowed a dollar yet and it is indeed true.
Okezie Ikpeazu started borrowing from first week in office until he left with nothing to show for it.
Oga don't lie Alex otti borrow 125 million dollar.

Governor Alex Otti has revealed that Abia State Government, had received approval for a $125 million loan facility from Islamic Development Bank, but added that the state had not drawn the loan.

He said the necessary documentations were being done before the funds would be drawn.

Otti who disclosed this while fielding questions from newsmen.
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by PARADIZEPRIEST: 1:53pm On Aug 27, 2024
imagine the rubbish,states ravaged by evil ekpa and his gangs with highest amount angry
Re: 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by PARADIZEPRIEST: 1:54pm On Aug 27, 2024
PARADIZEPRIEST:
imagine the rubbish,states ravaged by evil ekpa and his gangs with highest amount angry
let ekpa and dazeni loan na undecided
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