₦airaland Forum

adenigga:
Source: https://punchng.com/JUST-IN-World-Bank-okays-$1.57bn-loan-for-Nigeria

To worldbank, China and every other bank borrowing our country money for them to loot and put the country in poverty may they never have peace of mind again in their life.

MadPolitician:
Its very dangerous and it's deliberate.
As long as Nigeria keeps borrowing, she can never be in control of her finances. And as long as most earnings from hydrocarbon are used to service debts, the country will continue to witness shortages in terms of forex supply, thereby leading to an unstable naira and so costly imports, in an import depended economy. Reason for inflation. There is no way the guys in Abuja can't see this, because it's so obvious. That they know, but will still go on to borrow endlessly, suggests a sinister motive behind the whole thing.

This is not about sinister motives, we have clueless and lazy leaders.

This govt should be advised not to take loan from world bank. What about money saved from subsidy removal which has totals about N5b. The burden of repayment of loan will still be born by the citizens via tax. Beside, the purpose of the loan taking will not be felt as it may not reach the people concern.

Akpabio and Tinumbu will share it as usual.

Nigerians currently don't benefit from any government funded subsidy schemes, which implies that our Revenue generation should be on the higher side especially considering the consistent rise in various taxes. Yet our government keeps taking humongous loans every two to three months with absolutely no societal development to show for it.

But by all means, let us keep playing stupid politics and backing dubious politicians because of tribal and religious affiliations. Una never begin suffer!

Oh No... Loans! Loans!! Loans!!!

I thought they are saving alot from the removal of subsidy

SocialJustice:
Does World Bank even supervise their loans or they just give money to officials to steal and cause more inflation.

I think they're all part of the game.

How can someone borrow money from you for a project, fail to execute it, and steal the funds? Yet, the next day, they'll ask for another loan for a different project.

You wouldn't ask why they misused the previous funds or demand explanations for the uncompleted project.

Still, you'd provide another loan. No, there's more to it.

omooba969:
This is not about sinister motives, we have clueless and lazy leaders.

There's something sinister about patented cluelessness.

Borrow and later ask for debt forgiveness.

Good news to the politicians.
As usual the loan money will be shared.
Bad News to Nigeria.
The country is bleeding.
Soon naira will be over 2,500 naira to the dollar.
These politicians are bent on destroying Nigeria, while all their children are citizens of in UK and America.

MadPolitician:
These loans are getting way out of hand. This is a DELIBERATE attempt to liquidate the country.
Western countries are sponsoring candidates with questionable characters as Nigerias presidents, in other to corner Nigerias oil receipts through DEBT FINANCING. These loans will undercut any attempt by Nigeria to grow out of poverty

One "I too know" will come on now and ask you, "is it not Nigerians that are going for the loan!? They maybe Nigerians, but their campaigns were funded by the Chagourys of this world, . Western agents living in France and London. They are answerable to foreign entities. Western puppets all of them.

Nigerians should rise up against these heinous loans, because its going to mortgage the lives of their children if left unchecked. They have removed the socalled fuel subsidy. They have added massively to import tariffs. Increased VAT and removed an unknown energy subsidy. They are earning more in trillions, yet they're still borrowing massively with nothing to show for it.

..apt..100% facts..

..it is a great opportunity for the west to secure the resources of Nigeria through dishing the greek gift..

..they needed someone veey corrupt..& they found one in a drug addict Thief'nubu..

..they looked away as inec manipulated the mandate..the west where comfortable with the Manipulation..

..Nigerians assets & resources are being given to the west for free..for cheap..thanks to emilokan

adenigga:
Source: https://punchng.com/JUST-IN-World-Bank-okays-$1.57bn-loan-for-Nigeria

Despite saving over N5.3triilon from subsidy removal we still go borrowing..Kai!

Why all the loans. Where is the money tinubu is saving from subsidy removal?

Nawa o

This is why you people advised BAT to remove subsidy so that you can be giving him loans that will not be used for any benefit of the poor masses

I thought they promised a loan-free govt when subsidy is removed

The senator said corruption has remained endemic in Nigeria because politicians who steal money are celebrated for doing so.

He said: “Our major challenge in this country is corruption. Up till now, we have no law that can proactively or reactively address the issue of corruption in the country. If you see somebody in our system, especially in politics or government and he is not corrupt, then he is lucky to be God-fearing. Otherwise, it is only in Nigeria that you steal money and you walk freely and you are celebrated.


ACJA: ‘Lack of functional monitoring Cttee impeding implementation in Kwara’
“If you come into an area like this, people would start lobbying you and prostrate before you even when they know that the money was stolen.

“It is only in this country that somebody had no money yesterday or last week, but the following week he buys 10 cars; buys jets and his brothers would fly with him, his mother would fly with him, his uncle would fly with him, and they would say Allah has blessed our son.”

Ndume said he had made several efforts to pass a law on unexplained wealth in Nigeria, stating that such endeavours never saw the light of the day.

He said he approached a former head of state if he could sign an executive bill to that effect but he declined.

“Up till now, there is no law on unexplained wealth Act in Nigeria and there is no Executive Order on it,” Ndume said.

More poverty loading. Why the West hated Gadaffi and loves Tinubu.

One took care of his people and did not need loans - the other drives his country into poverty and forces the youth to run away.

Omo, gbese ni naija ma san ku se.
In this life, the life-after, Nigeria go still dey pay gbese dey go!

And you want make corruption end. The play. Your village people will stone u if you don't bring money for them to share.

The same govt blaming Buhari for taking loans when oil was selling below $30/barrel?

“The World Bank has today approved three operations for a total of $1.57bn to support the Government of Nigeria in strengthening human capital through better health for women, children and adolescents and building resilience to the effects of climate change such as floods and droughts through improving dam safety and irrigation.”

The international lender stated that this new financing includes $500m for addressing governance issues that constrain the delivery of education and health, $570m for the Primary Healthcare Provision Strengthening Programme and $500m for the Sustainable Power and Irrigation for Nigeria Project.


They approved loans only for non-productive sectors that adds nothing to infrastructural deficit. How do you generate money from these expense to repay the loan? Now they will jump in now and offer drugs and health services through their Nigerian proxies and the loan is gone, yet we owe.

This is entrapment.

I thought they said subsidy removal generated trillions of naira, so why are we borrowing money again

NIGERIA debt profile gradually approaching $1Trillion

dkidd:
I have never voted since I noticed all your so called credible candidates are the same contents with different packaging and branding. Stop deceiving urselves and wake tf up

Ok lol, keep crying then.

spartachico:
I thought they said subsidy removal generated trillions of naira, so why are we borrowing money again

Try and listen to Abracadabra ft. Naira Marley, Rexxy, Wizzy & Skibi.

Only to be embezzled again by our corrupt politicians.

adenigga:
Source: https://punchng.com/JUST-IN-World-Bank-okays-$1.57bn-loan-for-Nigeria

TableLeg:
Omo, gbese ni naija ma san ku se.
In this life, the life-after, Nigeria go still dey pay gbese dey go!

Hahahaha 🤣😂, so long we repay, we'll always be credit worthy.

Like the world bank cares about he welfare of the country. If so, they should pay the contractors directly and it should loan.
World bank is like low class call girl parading like a high class one. Nigeria and most African countries continue to fu$k with no condom.
That $1.6 billion will turn into $3.2 with interest.