₦airaland Forum

Have you ever been out of debt servicing ?

oyeb15:
Is our external reserve even up to $28 billion dollars as at now.
Tinubu want to plunge Nigeria into decades of debt servicing. All he want to use d $ for his reelection and if he doesn't win, all is gone already.

Are there no opposition senators in that red chamber again. This is very serious.

Any institution that borrow these people such amount does not want the development of Nigeria.

PlasmaTV:
We dey borrow for Naija sha. Ahhahn!!! See money! Billions of dollars. The way our country borrows, one would think we don't generate any source of income.

Some senators and contractors will be praying for the loans to be approved on time because its payday for them.

Everybody can see how much this government wants to invest in power. We don't want to hear any excuses come 2027 about how/why electricity isn't constant ooo.

Its understandable when our mind boggles at such sums. They are however modest when we consider our peer group of Egypt, Algeria and South Africa.

immaculatesense:
My area here in Ondo state has been witnessing a 24/7 power supply for a very long period of time now.
So he has fulfilled Dat for my area. Maybe na your area be next. No rush.
The four years never reach.
No Be Juju Be Dat?

You must be living in Mars, not in Nigeria. See the level which ethnic bigotry has taken you to.

When there was subsidy on petrol we borrowed, now there is no subsidy on petrol we are still borrowing even more. So what then is the point of subsidy removal, to enrich the elites?

onuman:
You must be living in Mars, not in Nigeria. See the level which ethnic bigotry has taken you to.

Sorry to disappoint you sir.
I live here in Nigeria and I enjoy electricity for more than 20 hours daily. Maybe na your area carry the shorter part of the stick-4 hours daily.
Sorry for your condition sir. Tinubu effect will soon get to you. Na turn by turn. It's not four years yet.
No Be Juju Be Dat?

hehehehehehe:
I remember helinues created topic stating that tinubu no need to borrow say the man na master strategies

helinues is a former chairman of agbero union on this forum ,his job is to defend agbero chairman nation wide

What happened to the remaining 9.5 billion dollars?

NSNO:
Nigerians are Nigeria's problem.
They tax you, you complain.
They borrow loan, you complain.

So the development you are praying for, where is it going to come from? Will it just fall from the sky?

At least, you can see that the loans are tied to infrastructure; roads, rail and power, even ports.

The development we pray and hope for is suppose to improve our lives and not swell the pockets of few individuals in the corridors o power alone.
What will coastal road achieve?
What has many state airports achieved?
Rail towards Niger Republic nko?
Flyovers?
Disfunctional education system?
Religious expenses?
Politics of do or die nko?

PlasmaTV:
We dey borrow for Naija sha. Ahhahn!!! See money! Billions of dollars. The way our country borrows, one would think we don't generate any source of income.

Some senators and contractors will be praying for the loans to be approved on time because its payday for them.

Everybody can see how much this government wants to invest in power. We don't want to hear any excuses come 2027 about how/why electricity isn't constant ooo.

White elephant project, most funniest is Easter port reconstruction and Eastern rail line, a senator from south East has already thrown wait for the loan. He didn't ask why using East as a code without mentioning the particular port and the poor situated area. At least porthacut to maiduguri was mentioned as Easter rail line, even though it will not pass through East But the Eastern port can go the same way. That Eastern senator should ask questions before supporting.

NSNO:
Nigerians are Nigeria's problem.
They tax you, you complain.
They borrow loan, you complain.

So the development you are praying for, where is it going to come from? Will it just fall from the sky?

At least, you can see that the loans are tied to infrastructure; roads, rail and power, even ports.

As COMPLAIN stop anything, or negate our Reality
1. Tinubu govt is now Taxing Nigerians more plus

2. Tinubu govt has collected more loans

Subsidy savings nko, they claim we are now generating more Revenue yet Nothing to show

Oga Nigerians are not the problem, Govt/Bad leaders are the problem of Nigeria

We are not borrowing to develop these sectors;
1. Education (Tertiary and Technical Education)
2. Agriculture
3. Health, the subnational healthcare borrowing is for the state governor to pocket. No wonder they keep travelling abroad
4.ICT, AI
5. Security, all these projects will be implemented successfully if there security

This administration is a big failure

Themanleshey:
Sounds like you are coursing your country, how about you say you hope it’s not the type of loan that they will take and the project will not see the light of the day?

Pls let’s stop wishing the country bad with our actions & inactions

how is he "coursing your country"?

if he says he hopes that all the listed will not see the light of day, is that what will make them see the light of day?

all the hope you have been saying, how has it materialised into a better nigeria?

is it by saying "you hope" that Japan, china, south korea, canada, germany, sweden, norway etc have gotten to where they are today?

NSNO:
Nigerians are Nigeria's problem.
They tax you, you complain.
They borrow loan, you complain.

So the development you are praying for, where is it going to come from? Will it just fall from the sky?

At least, you can see that the loans are tied to infrastructure; roads, rail and power, even ports.

does the "tying" mean that the monies will be spent for what they were "tied" to?

Lagos-Calabar Highway Costs 7 times more per km than Pan-African Cairo-Cape town route.

1. Nigeria’s Lagos-Calabar Coastal Highway, a 700 km highway.

Budget: $11–13 billion

2. Cairo-Cape Town Highway, a 10,228 km Cairo-Cape Town Highway

Budget: $1.65 billion

immaculatesense:
My area here in Ondo state has been witnessing a 24/7 power supply for a very long period of time now.
So he has fulfilled Dat for my area. Maybe na your area be next. No rush.
The four years never reach.
No Be Juju Be Dat?

is your area the same area with every area in nigeria?

immaculatesense:
Sorry to disappoint you sir.
I live here in Nigeria and I enjoy electricity for more than 20 hours daily. Maybe na your area carry the shorter part of the stick-4 hours daily.
Sorry for your condition sir. Tinubu effect will soon get to you. Na turn by turn. It's not four years yet.
No Be Juju Be Dat?

is this the tinubu effect that is getting to these people?


https://www.youtube.com/watch?v=zYltMapDyIo

Tinubu IS Not doing anything different from His former master Buhari
Tinubu Supporters accused Buhari of reckless loans and looting.
Onigbese Tinubu IS worse than Buhari today

NSNO:
Nigerians are Nigeria's problem.
They tax you, you complain.
They borrow loan, you complain.

So the development you are praying for, where is it going to come from? Will it just fall from the sky?

At least, you can see that the loans are tied to infrastructure; roads, rail and power, even ports.

The borrowing approved is 21bn
All the amount listed there is just about $10bn
Don't let them use your head

Not a single power plant. So it's 5500mw for ever for 200 million people

Nastrademus:
I thought this loan request was denied by apc propagandist

The source of this news is very well written and from a widely used social media platform. Some with grammar skills are very politically skillful and creative.

Only Lagos rail line got 2b while from pH to Maiduguri rail got 3b and one anyhow senator from se is praising tinubu for south eastern infrastructure,

Why is tinubu and his brother at EFCC refusing to contact the zamfara state governor who is holding $9billiok dollars stolen from the state purse by Diezini Maduekwe...

Sh said sh wants to give it to the FG, and that sh has evidence on the lodgement of the money into the current zamfara state governor account...

That money is huge, it will carry out alot the projects on this list without borrowing...

Kilode!

There's a startup that monitors government projects.

This is the time for them to become more visible

[quote author=AnonPoet post=136218771]https://x.com/DOlusegun/status/1948267676389806305?t=teod9DQLegsYscEEGmRFwQ&s=19[/quote]

Always read before commenting don't come here and show your gullible brain

VeeVeeMyLuv:
The loan is actually an avenue to divert these foreign currency dollars $ and pounds £ that they would waste on the 2027 elections

It Is not for any development!

What a pity! Very sad.

Maxymilliano:
Most of the projects will not see the light of day and the same borrowing cycle will continue next year

Read well naw. You think borrowed amount is being given to them at once when the disbursement is 6 years period?

muyico:
Baba Tinubu he trying, let still give him second chance

is it by collecting loan that tinubu is trying?

how has he used his first chance?

"Lagos-Calabar Coastal Highway project to be funded by Export Credit Agency - $700 million".

but tinubu has collected another $747-million Deutsche Bank-led syndicated loan for the same purpose

PlasmaTV:
We dey borrow for Naija sha. Ahhahn!!! See money! Billions of dollars. The way our country borrows, one would think we don't generate any source of income.

Some senators and contractors will be praying for the loans to be approved on time because its payday for them.

Everybody can see how much this government wants to invest in power. We don't want to hear any excuses come 2027 about how/why electricity isn't constant ooo.

lol
Shey this one na borrowing?
Shiorrr
When other smaller nations are borrowing more than Nigeria.
Only small South Africa borrowed 5 times what Nigeria is borrowing.
I don't know why the govt cannot borrow like $100 billion and use the fund for the development of Nigeria.

Maxymilliano:
Most of the projects will not see the light of day and the same borrowing cycle will continue next year

Rather pray that whoever will not allow the project to see the light of the day should be incapacitated by God, render such person obsolete, and take them far away from the project. The project will see the light of the day in Jesus name. Amen.

Let us be positive over Nigeria's development. Our curses over Nigeria is more than prayers. Maybe, that's why the thieves are succeeding.

Please say positive things over Nigeria

Whew!

These ones will be addressed also as government?

What a catastrophic disaster of unimaginable proportion!

lexy2014:
is this the tinubu effect that is getting to these people?


https://www.youtube.com/watch?v=zYltMapDyIo

It happens everywhere in the world.
Nothing new.

lexy2014:
is your area the same area with every area in nigeria?

Development cannot get to everywhere at the same time, not even in developed country.
Wait for ur turn.