₦airaland Forum

lol

DeLaRue:
A mining development bank established with 100% government money and based in Abuja will be a mistake.

Politics and government fraud will render it ineffectual. Nigerians don't pay back government loans.

The bank should be set up in partnership with the commercial banks with the government owning not more than 25% shareholding and the remaining 75% owned by a consortium of commercial banks.

The bank should be managed entirely by the private sector and be based in Lagos,the Premier League of banking, so it can compete for capital in the most competitive banking market in the country. That will make the bank sharper.

Basing the HQ in Abuja, a banking 2nd division,will not help that bank.

Why's the FG holding 100,% of crude oil mines from the south, and only 25%of solid minerals mined mostly from the north?

Nigeria should practice True FEDERALISM.

Each region should practice regional government.

Does it include the bandits mining free gold in Zamfara

Is it not same department that build site with 700million

What about basket development Bank?

zero8zero:
I love the fact that Nigerians can own shares in it.

na same fg go scam u.

In this our country where one agency spend #700M to design a website, this one may likely gulp hundreds of billions

Ownership ko?

Another choppings foe ronuists

Blazetrailer:
Lol...these people just take Nigerians for mumu...because of the majority that hail them are not so educated.

He can not set up any public corporation, with which funds meant for the consolidated revenue go to without an act of national assembly.

They are just using this propaganda to carry the mumu people handicap....you will never hear of this again.

Or its you who is running faster than your shadows cos the whole modalities for the company is not yet out

Lol...read again. Modalities have been spelt out clearly.

Difrent:
Or its you who is running faster than your shadows cos the whole modalities for the company is not yet out

Iwaeda na u.

obinna58:
Waste of resources

owning a mining corporation is ok but a mining bank ??

which one be dat?

Good development

Mining is a big industry.. Australia, S.A etc comes to mind

DeLaRue:
A mining development bank established with 100% government money and based in Abuja will be a mistake.

Politics and government fraud will render it ineffectual. Nigerians don't pay back government loans.

The bank should be set up in partnership with the commercial banks with the government owning not more than 25% shareholding and the remaining 75% owned by a consortium of commercial banks.

The bank should be managed entirely by the private sector and be based in Lagos,the Premier League of banking, so it can compete for capital in the most competitive banking market in the country. That will make the bank sharper.

Basing the HQ in Abuja, a banking 2nd division,will not help that bank.

You are very correct, it will just end in the hands of those crooks to carry all those oloshos. Partnership is the best cos no private investor will allow his business interest to go bad.