₦airaland Forum

debaj10:
in addition to other FG earnings:

oil and gas sales, taxes, services, etc.

oya, APC pipu-

election do finish.

make una give accolade to bababubu:

list all d projects wia him spend all d moni.

wit source o!

cari go.

…
and all u badbele pipu:

mouna comot hand 4 dis thread o!

les avoid distrakshun.

lala, mynd44
d idea make sense na.

cornerplus:
Oil exploration over 100billion which NNPC has earmarked as a continuous project until oil is found


$1 Billion for weapons to combat boko haram

debaj10:
ok
das N400 billion.
mouna join una own na

grandstar:
The problem isn't the loan itself but ability for the country to service it.

If the country's economy was growing fast, the debt to GDP ratio may even be reducing as the country borrows.

Also, the interest payments on the debts are high. Treasury boobs yields are in double digits. Commercial bank rates are higher.

Dollar denominated debts may look cheaper but very deceptive. If the naira should suffer a devaluation, the cost of servicing jumps. A devaluation may lead to a mass exit of bondholders out of Nigeria worsening any fall.

The only cheap debt are those from China, the World Bank and other multilateral institutions. However, even Chinese debt may become a burden if not careful. The case of Sri Lanka should not be forgotten.

It is imperative that fast economic growth is achieved as this makes any borrowing easier to swallow.

Atlanticfire:
Nor bi dis your grammar. The OP question is simple, after 21 trillion naira loan and revenue from oil, taxes and what not, list the projects that the hugh amount of money was used for