What If States Default On Loans Repayment - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › What If States Default On Loans Repayment (404 Views)
| What If States Default On Loans Repayment by sahelstandard(op): 12:25pm On Jun 27, 2016 |
| Re: What If States Default On Loans Repayment by shyling(f): 12:26pm On Jun 27, 2016 |
They'll default and we will sell them off to China. |
| Re: What If States Default On Loans Repayment by 989900: 12:56pm On Jun 27, 2016 |
Let the FG or richer states buy them, or AMCON take over, and the administrators (Governors and Deputy Governors, and other accountable leaders of the said states, resume at Magu's office same day). We are at the business stage in our lives as it is -- it's either you put up, or shut down. A state like Kano, contributing N13 billion, but can shamelessly collect almost N120 billion in a year! Or states like Ekiti, Kebbi, Taraba, Imo, Sokoto, collecting 12-30 times of what they contribute, where we have Lagos state contributing one and half times of what she collects. Lease those states to Lagos or the FG already till the monies are recouped. After that, they can regain their independence and start having gubernatorial elections again. |
| Re: What If States Default On Loans Repayment by Frankiss44(m): 1:03pm On Jun 27, 2016 |
Is it even possible for state to default on loan payments? The FG pays them so all they need to do is subtract whatever the state is owing and give the balance to them.... Thats why you saw some states collecting 6million naira as monthly allocation ...Lol |
| Re: What If States Default On Loans Repayment by shyling(f): 1:34pm On Jun 27, 2016 |
Frankiss44:Y is the FG paying them. It's not sustainable. |
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