₦airaland Forum

Once we remove the amount Nigeria spends on recurrent expenditure – salaries and personnel cost, our financial capacity as a nation won’t take us anywhere. That means, for many important things to happen, we need extra money.

And if we couldn’t achieve that internally through tax and other means of generating revenue, our last resort is debt. The Federal Government, through the minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has confirmed that the $3bn loan request for the expansion of the power transmission and distribution networks in the industry has been approved by the World Bank.

The idea of taking another loan has been generating various reactions from Nigerians, most of whom opine that this an unnecessary burden on the nation’s economy. While, in many ways, they may be right, it appears to be the only option for us at this point.

Continue reading here: https://qwenu.com/2019/10/21/president-buharis-fresh-3bn-world-bank-loan-may-be-for-the-better/

Yes, it may be for the better for zone b's

okosodo:
Yes, it may be for the better for zone b's

But worse for Flattinos. More wailing and weeping for generational wailers .