Ehiscotch:
There is nothing wrong with borrowing, as long as it is used to finance capital projects.

We have to just come to terms with the fact that we do not generate enough to finance our capital projects.

Buterflyle0:
All I see on this thread are children who think a nation as huge as Nigeria is like their family house where they need 5k to feed for 2 days.

They know nothing but refuse to ask for clarification.

PMB carry go joor. We need capital projects IP and running and I know you will deliver.

HeWrites:


I swear bro. And some fools still want to vote Buhari

FarahAideed:



American debt is never looted and misapporiated

Ehiscotch:
There is nothing wrong with borrowing, as long as it is used to finance capital projects.

We have to just come to terms with the fact that we do not generate enough to finance our capital projects.

Bibors:
The only reason for these senseless loans is to ensure that these countries don't support succession until their money is paid back and the source of the repayment is ironically in the region that must leave.

Why don't this government utilise the Abacha loot which is more than enough.

DreamersVille24:


This is a lazy man's view and shortcuts never helped anyone in life.

The problem is our rulers fail to think long-term and the feeding bottle system where everyone goes cap in hand to Abuja for federal allocations.

If we are to get serious Nigeria has to undergo economic and fiscal restructuring. This will force states to be more ingenious and make them think of ways to generate revenue.

There's taxation, there's a lot of other untapped mineral resources. We can even go back to big time exportation of agricultural products including marijuana.

Wake up and smell the coffee!

Ehiscotch:
There is nothing wrong with borrowing, as long as it is used to finance capital projects.

We have to just come to terms with the fact that we do not generate enough to finance our capital projects.

Ehiscotch:
There is nothing wrong with borrowing, as long as it is used to finance capital projects.

We have to just come to terms with the fact that we do not generate enough to finance our capital projects.

Trunaijian:
I don’t know why Nigerian politicise everything yet they personally patronise foreign goods for their own use.
There is no way we can achieve major infrastructural feats without the help of those that have the capacity and expertise for the obvious reasons: we do not have the technical capacity and funds.

It is then normal for u to borrow for specific infastructural projects. It’s that simple. The onus is to ensure that the monies are actually used for these projects so that jobs can be created and economic growth achieved for repayment.

This is a good move. We need infrastructure to move forward and better our nation. There is no politics here.
Personally I’d rather borrow from Japan than China cus they are often open when it comes to BOT.

EternalTruths:




What is there in building a railway.?


The problem is that our leaders don't want to forfeit the money they plan to loot for public infrastructure.


So they try to steal our wealth and borrow to build infrastructure.

Unfortunately a lot of us have our minds made up to the extent that even if a good thing falls on us we criticise even before experiencing it. There is no need to argue here. And there is no need to get feisty.
What the govt. is doing will be done. We can cry from here to Jericho. It will be done. All some of us can do is vent our frustrations and sentiments.

It will still be done.



pls get the point

Ehiscotch:
There is nothing wrong with borrowing, as long as it is used to finance capital projects.

We have to just come to terms with the fact that we do not generate enough to finance our capital projects.

EternalTruths:




The government do not need to depend so much on tax.


Government should create a company tax heaven through economic free trade zones in every state with a promise that they should; generate more dollar inflows through export, reduce more imports which eats up our foreign reserve, create more jobs, invest in socioeconomic amenities and R & D.


Government should then give yearly at least #300b as business grants to 100,000 graduates at a rate of #3m per graduate with a promise to give any graduate #30m in 10years time, if he or she is able to generate at least 10 jobs, pay staff income taxes and refund back to the government #6m before the end of 10years.



Watch visualpolitiks on Uruguay, China, etc to learn more.

EternalTruths:



Correct your English from Succession to Secession.


You are always fond of making this same mistake.

Metuh:
Nigerians are in trouble.

Sarrki, it's like your debts are gonna be on the increase o.

Sai Babraba! Enjoy your chains.