₦airaland Forum

RZArecta:
The burukutu sipping drunkard aka Buhari is hell bent on destroying Nigeria economically with unnecessary loans which would surely be squandered before he leaves office

mrvitalis:
I'm not against the loan but I want detailed list of what the loan would be used for to the last kobo so we can monitor it

If they are for capital project which is what it's should be , we want the name of the projects so we can monitor them because funding won't be an issue

9jakohai:
Why are we taking all these loans anyway

[b] Between April 2014 (when oil prices started falling) and April 2016, we lost $100 billion in potential earnings.

Let me repeat myself....we lost $100 billion in potential earnings ,because oil dropped from $120 to $29 in two years.

2.Because of the fall in oil price, we had to restrict dollar spending (or by now, we would be paying N2000 for $1). That led to more dollar flight out of the country and as a result....loss in earnings.

3.Nigeria needs oil to be at $123 to meet basic needs. (Oil is at $50 now). Saudi Arabia needs oil at $77, and Russia needs it at $99. I

4.As a result we need to take loans to keep things running., Without the loans...we would be in even deeper problems. Like...salaries won't have been paid for a year or something.

5.There is only one way out of this in the short term....oil goes above $123 per barrel...AND EVEN THEN...we have to pay back the loans we took in the past.

6.If you want a permanent long term solution...this means taking loans to fix power and education...and removing subsidies...which means us paying N200 for one liter of fuel and N30000 per month in light bills. We will suffer more than this for some years. But once we become an exporting manufacutred goods nation as a result...then we can really enjoy the fruits of our labour.[/b]

snipesdam:
Kai.... Why was I Born in this Country Sef.....

$26billion was looted few days ago now u want to borrow $5billion...

I must leave this country!

IgedeBushBoy:
Come on guys, approve and let this hard worker of a president facilitate his Change agenda.

The more they hate you, the more we love you.
#SaiBuhari

plaetton:
Just imagine this Stuuupid stuuupid stuuupid logic.

So if oil doesn't ever sell for $123 a barrel again , then no more economy, No more country?

Stuuupid people get stuuupid leaders.

By the way, how much do you get paid to write stuuupid shit like this ?

9jakohai:
You did not read my final point sir.

Anyway, my main issue was to explain why we take loans....so that we can have a view of the problem, and the solution becomes much easier.

And it is immature to insult people you disagree with. I did not insult you, yet you decided to insult me. Make your point maturedly .

Good evening.

positivetaught:
The price of crude oil has increased substantially well above budget benchmark meaning this APC government is making lot of extra budgetary revenue from oil export,we are told of recovered loot,we are inform of massive revenues generated from TSA etc yet everyday we are confronted with government is broke,PDP ran down the country, the NASS distorted the budget, government applies for foreign loan, the list is just endless!, haba!!,APC una no de shame?

9jakohai:
Thank you, and may Skaldi and Forseti bless you abundantly.

9jakohai:
Why are we taking all these loans anyway

[b] Between April 2014 (when oil prices started falling) and April 2016, we lost $100 billion in potential earnings.

Let me repeat myself....we lost $100 billion in potential earnings ,because oil dropped from $120 to $29 in two years.

2.Because of the fall in oil price, we had to restrict dollar spending (or by now, we would be paying N2000 for $1). That led to more dollar flight out of the country and as a result....loss in earnings.

3.Nigeria needs oil to be at $123 to meet basic needs. (Oil is at $50 now). Saudi Arabia needs oil at $77, and Russia needs it at $99. I

4.As a result we need to take loans to keep things running., Without the loans...we would be in even deeper problems. Like...salaries won't have been paid for a year or something.

5.There is only one way out of this in the short term....oil goes above $123 per barrel...AND EVEN THEN...we have to pay back the loans we took in the past.

6.If you want a permanent long term solution...this means taking loans to fix power and education...and removing subsidies...which means us paying N200 for one liter of fuel and N30000 per month in light bills. We will suffer more than this for some years. But once we become an exporting manufacutred goods nation as a result...then we can really enjoy the fruits of our labour.[/b]

stabilizer:
Please where are you located? Distribution of common sense in that jurisdiction is poor. I'm sure you've not receive yours brother. Report your local government area please. Asap!

Itulah:
No wonder your moniker is "BushBoy"
There's nothing left to say