₦airaland Forum

Apel147:
Incoherent thinking! For him warped mind he thinks I am a Muslim 🤣

onuku ewu Gambia ndi ogbenye onu ntu ntu

rinzaugustine:
Lol audio repayment. Na today? Monday now IMF will issue disclaimer warning them not to associate that with them as had happened many times in the past from so called dubai deal , indian deal , maersk deal etc all turned out to be lies and propaganda from Emilokan and his Gang of failures. After almost two years the fool cannot point to one single achievement except lies and propaganda. Never believed in my wildest imagination anybody would be worse than buhari but today buhari is better than tinubu. Tinubu doesn’t have anything to offer Nigeria if you give him 40 years

Joke is on you! Team Nigeria is a mess. Nigeria is meeting all her obligations and you doubt it. Not borrowing to service debt o. Cleared 60% of outstanding in 1yr!
É go clear for una eyes soon

Rob Peter to pay Paul. His deluded follower will start dancing azonto over this lol

Thanks for the tone of the response. It was polite and matured.

Just take a chill pill that's all.

Not necessary to jump on every topic whilst having an opinion on every sub-topic in favour of an obviously clueless, nepotistic and morally corrupt government.

At this stage bro, it's not worth your energy although every one is entitled to his opinion.

Slow down on the forum "nuisances" sir.

helinues:
To first start with, how long have you been aware about Helinues activities on this forum? Probably years

Secondly, are you aware I knew nothing about the existence of this moniker or the person behind it until this morning?

Thirdly, should we say you have been one of the people who have been worrying about me without me knowing?

Fourthly, pray to have such luxury of time to always be available to express yourself without always given excuse of being busy, afterall, there is different between being busy and productive

Lastly, why should my being activen for years on this forum be any ones headache? Is my activities affecting some of you in real life that a day without attacking me senselessly is an incomplete day?

Baba Hamed, let's hear from you

OgaRico:
Servicing of debt is not the same thing as paying off debt o.
When a person or entity services a debt(s), it means the interest on the original amount borrowed is being paid for leaving the original unpaid for.
More like, Nigeria has paid off 1. whatever billion interest to IMF(that's if the news is true) but still owing IMF the actual amount borrowed.

Please read the article again. This time very slowly so you can understand. Principal and interest are paid. Interest appears,only much, because we got 2years moratorium. If this is too much for your comprehension, just focus on PO. That one is easier to understand.

Lanruze:
Thanks for the tone of the response. It was polite and matured.

Just take a chill pill that's all.

Not necessary to jump on every topic whilst having an opinion on every sub-topic in favour of an obviously clueless, nepotistic and morally corrupt government.

At this stage bro, it's not worth your energy although every one is entitled to his opinion.

Slow down on the forum "nuisances" sir.

Tell us how many threads I was on yesterday, last week, how many threads have I been on today? How many sections have I been active on this forum? Have you been seeing me on petty celebrity discussion?

Kemi Badenosh abi what's her name, I swear to God, the issue they have been dragging, I have no single clue about it as the discussion is too petty. I have never been on any of the thread yet I have been active

You guys are all over other social media spending your time there and also NL.

Helinues is only active on NL. What do you people do with your time that you want to be forming busy? Hope you are making reasonable with the busy because even upon how we have been available on NL for years, things are progressing

Allow others to express themselves without attacking their personalities

Lanruze:
Tinubu and his economic team should be humble enough to seek opinions from Obj and his economic team on debt forgiveness.

Multi-lateral agencies like the IMF look for impoverished developing countries to exploit.

Imagine the interest on principal and also sure that some of those funds we diverted , mismanaged or over inflated.

Make una dey read now biko. Interest rate is at 1%. How competitive can that be. And your country paid back both interest and principal unlike some countries that went to restructure loan coz of cashflow issues.
Is this news painful Ni?

richmond500:
See trillions of naira weh Nigeria deh owe.
And Opay no wan stop to call me just because of 90k weh I owe them

Those people? Dem be real one chance o. Even me wey I just download the app, put my details but no collect loan, na spam calls dem wan take finish dem papa life.

rashin daidaituwar hankali na mai hasara🤣😜

rinzaugustine:
onuku ewu Gambia ndi ogbenye onu ntu ntu

Buccalcavity2:
https://punchng.com/nigeria-repays-1-22bn-to-imf-in-nine-months-report

You are not servicing it to be debt free, you are servicing it to collect another one. No bobo us

femi4:
You are not servicing it to be debt free, you are servicing it to collect another one. No bobo us

Tell me the country that is not taking loans na.
You are credit worthy when you pay as and when due. So no qualms.

mofedamijo:
Its written there, learn to read.

As a result of these repayments, Nigeria’s debt to the IMF has decreased significantly, dropping from $3.26bn as of June 2023 to $1.16bn by June 2024.

This reflects a substantial reduction of 64.42 per cent within one year.

It was earlier reported that the current administration of President Bola Tinubu is expected to pay off a $3.4bn owed to the International Monetary Fund during his tenure.

Go back & read my submission, this time slowly & attentively.

Buccalcavity2:
Tell me the country that is not taking loans na.
You are credit worthy when you pay as and when due. So no qualms.

Tell me a Country taking loans without putting infrastructures in place

femi4:
Tell me a Country taking loans without putting infrastructures in place

Haba! is that not what you yabbed Buhari for? Taking loans for infrastructure, which you (obidients) claim are not necessary. Rail, second naija bridge, power generation...Buhari took loan.Tinubu paid back.
Good thing is the repayment is from cashflow not borrowed. That is good news to creditors, investment community and rational citizens.

mofedamijo:
Its written there, In April 2020, the IMF disbursed a $3.4bn emergency financial assistance to Nigeria.


The loan was approved under the Rapid Financing Instrument by the Executive Board of the IMF on April 28 to address challenges arising from the economic impact of COVID-19 in the country.

The loaned amount was disbursed on April 30, 2020.

Financial assistance to solve what problem ?

Lanruze:
Tinubu and his economic team should be humble enough to seek opinions from Obj and his economic team on debt forgiveness.

Multi-lateral agencies like the IMF look for impoverished developing countries to exploit.

Imagine the interest on principal and also sure that some of those funds we diverted , mismanaged or over inflated.

You expect that arrogant someone to beg or seek people he perceived as opposition’s opinion?

KEVIND:
Kudos to Tinubu but debt servicing is not the samea as debts repayment.
Make the report more comprehensive.

Maybe you should learn to read first.

Lanruze:
Tinubu and his economic team should be humble enough to seek opinions from Obj and his economic team on debt forgiveness.

Multi-lateral agencies like the IMF look for impoverished developing countries to exploit.

Imagine the interest on principal and also sure that some of those funds we diverted , mismanaged or over inflated.

Trash. So na every time IMF go deh do debt forgiveness for you people. Typical black man mentality. Willing to borrow, not ready to pay back.

Lanruze:
Tinubu and his economic team should be humble enough to seek opinions from Obj and his economic team on debt forgiveness.

Multi-lateral agencies like the IMF look for impoverished developing countries to exploit.

Imagine the interest on principal and also sure that some of those funds we diverted , mismanaged or over inflated.

Do you know the actual terms of the debt forgiveness, or was it not the same Obj who borrowed money afterwards for his 3rd term funding.

Tajbol4splend:
Any deal with America has never been a good or progressive deal but rather a deal with the devil, the charges on top the money borrowed are Satanic

The IMF isn't in America, it's in Europe

rinzaugustine:
Lol audio repayment. Na today? Monday now IMF will issue disclaimer warning them not to associate that with them as had happened many times in the past from so called dubai deal , indian deal , maersk deal etc all turned out to be lies and propaganda from Emilokan and his Gang of failures. After almost two years the fool cannot point to one single achievement except lies and propaganda. Never believed in my wildest imagination anybody would be worse than buhari but today buhari is better than tinubu. Tinubu doesn’t have anything to offer Nigeria if you give him 40 years

So what's exactly is your point? Nigeria should not repay IMF loans?

But you can't say a single thing tinubu did as president that is corrupt no be foolishness wan paI u so ?!

Lanruze:
Thanks for the tone of the response. It was polite and matured.

Just take a chill pill that's all.

Not necessary to jump on every topic whilst having an opinion on every sub-topic in favour of an obviously clueless, nepotistic and morally corrupt government.

At this stage bro, it's not worth your energy although every one is entitled to his opinion.

Slow down on the forum "nuisances" sir.

rinzaugustine:
Go and stop him na, make them bury you 4 feet for oshogbo central mosque

he was stopped from becoming vice president in 2019, he was stopped from becoming president in 2023, he'd be stopped forever. Obi won't become president. Let that sink.

richmond500:
See trillions of naira weh Nigeria deh owe.
And Opay no wan stop to call me just because of 90k weh I owe them, even after I paid back within weeks, them no still wan allow my phone to rest. Even my babe no deh call me like this

Store there number with the name of any woman you are crushing on, ...

seeing 20 misses call from a crush ... carry an effect i dont wana xplain

For this foolish obidient ipob fools n lunatics anything positive about Tinubu hurt n pierce deep into their heart like a hot rod.

Buccalcavity2:
Make una dey read now biko. Interest rate is at 1%. How competitive can that be. And your country paid back both interest and principal unlike some countries that went to restructure loan coz of cashflow issues.
Is this news painful Ni? [quote author=Lanruze post=133299451]Tinubu and his economic team should be humble enough to seek opinions from Obj and his economic team on debt forgiveness.

Multi-lateral agencies like the IMF look for impoverished developing countries to exploit.

Imagine the interest on principal and also sure that some of those funds we diverted , mismanaged or over inflated.

[/quote]

If this is true then its another milestone for this administration.

For 8 years of Buhari ruins we hardly hear something like this throughout Buhri era of ruins it was always borrow and borrow with no news of paying back or paid back.

I'm waiting for the confirmation of this news.

What was the money used for?

Buccalcavity2:
Tell me the country that is not taking loans na.
You are credit worthy when you pay as and when due. So no qualms.

These lame comparism is one of the issues, countries take loan but how many of these countries take loans that are later diverted, looted or use to finance politician opulence

with the level of corruption in Nigeria we are not on the same pedestral with most countries for comparism at all ... sane countries collect loan and use it for what is meant for unlike Nigeria we just loot

I have seen a lot of elite use America as a justification, its true america borrow a lot, but people forget america borrow in dollars and dollars the official int'l trade currency, america dont struggle to payback.

In Nig, no accountability, no transparency, naa thieves full elm of affairs .. the mention of loan is always a qualm

mofedamijo:
Its written there, In April 2020, the IMF disbursed a $3.4bn emergency financial assistance to Nigeria.


The loan was approved under the Rapid Financing Instrument by the Executive Board of the IMF on April 28 to address challenges arising from the economic impact of COVID-19 in the country.

The loaned amount was disbursed on April 30, 2020.

And you believe that? 😂

Kujo:
What was the loan used for

to fix your faulty brain.

But apparently, they failed.

OgaRico:
Servicing of debt is not the same thing as paying off debt o.
When a person or entity services a debt(s), it means the interest on the original amount borrowed is being paid for leaving the original amount unpaid for.
More like, Nigeria has paid off 1. whatever billion interest to IMF(that's if the news is true) but still owing IMF the actual amount borrowed.

Read and understood before commenting. It helps a lot
The only thing you saw from the write up is debt servicing! Did you see the amount borrowed, the payment plan and what has been paid?