Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki - Politics (2) - Nairaland
Nairaland Forum › Nairaland General › Politics › Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki (17291 Views)
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by Billyanger(m): 10:01am On Dec 11, 2019 |
We cannot do without borrowing? This is ridiculous even if its true. 1 Like |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by Unigrad: 10:01am On Dec 11, 2019 |
The present government is synonymous to borrowing. All the money borrowed, Abacha loots, money from crude oil sales, customs money, tax collected etc, what have they used it for? 1 Like |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by Macadamemmy(m): 10:05am On Dec 11, 2019 |
We need a good leaders in this our country so-called 9-gèrî-ya. Awon werey gbogbo. 1 Like |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by Hoodbilonia: 10:09am On Dec 11, 2019 |
Now i feel sick,the hest is too much |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by Afolabimills(m): 10:16am On Dec 11, 2019 |
So that u lots of thieves can loot it again awon ole jatijati 1 Like |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by Nobody: 10:16am On Dec 11, 2019 |
Despite crude revenue, recovered loot, tsa, eca account, firs, et.al? #GOVT OF self-serving THIEVES, BY THIEVES, FOR SIMPLETONS! |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by Reference(m): 10:18am On Dec 11, 2019 |
itsme01:That word 'contractor' is the zero sum of our underdevelopment. You generally contract out what you CANNOT do. This is symptomatic of Nigeria. We do practically nothing. The 'doing of things' has been the trigger of development of any breakthrough country throughout all ages. Development has always been about the people doing things for themselves. In contemporary times you simply donot take a loan for a 'start up'. You take loans to expand enterprise. You take off on your own power and take loans to climb out swiftly to avoid the drag of gravity, i.e you can see the thing already working or profit potentials so you need help to expand and reach set goals. If you take loans just to survive then you are on life support. You are clinically dead. Nigeria has not got the basics done which is simply to put its citizens to work effectively in developing this nation so loans CANNOT add value to our economy. It will all be lost to expatriates, kick backs and foreign industry in massive capital flight. In other climes infrastructure investment is a tool for stimulating growth because the value is domiciled in the people through increased productivity. The government should prove how many cents in each dollar of loans it takes goes to sustainable grass roots wealth creation or increased GDP if not we will just be caught in the vicious cycle of what I call 'phantom power'. That is the mistaken belief popularly held by Nigerians that once there is stable electric power we will all prosper.... ....doing WHAT exactly with electrcity. It is and never will be the means but always the ways. Loans without targets, border closures without targets, increased taxes without targets, withdrawing subsidies without targets are just a vicious cycle of poverty and depravity. Infrastructure?.... I laugh. 1 Like |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by Bennycollins: 10:19am On Dec 11, 2019 |
You are right and your proposal, but I can bet by testes that most of these monies would be stolen by these crooks in government. After all government is a continuum. That is now the norm in politics. You see why we are concerned? itsme01: |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by bigtt76(f): 10:23am On Dec 11, 2019 |
Borrow all you can but make sure no more potholes on our roads, steady electricity, employments, good exchange rates etc to make life better. If una like sef, thief from the money ...no wahala as far as una do all of these things to better our lot. NwekeUG: |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by byinks(f): 10:23am On Dec 11, 2019 |
You fools will still rush out to vote for these creeps next election.. |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by OBku4(m): 10:39am On Dec 11, 2019 |
Gbemi.... my milf gf |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by Germi9: 10:40am On Dec 11, 2019 |
From the way they are clamouring for the loan you can see the Salivation in their comments#therichalsocry |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by Reference(m): 10:41am On Dec 11, 2019 |
bigtt76:Oga. To borrow to fix potholes is madness. How long does it take to repay the interest thoughtless of the principal. 5 years, 10 years, 15 years. In that time will other potholes not have developed.... It is like borrowing N100 naira to eat a single meal that will take you one week to repay. How many other meals will you require in that week. That is madness. You borrow to create the wealth to buy several meals, pally.... or you will be in poverty forever. You borrow not even to buy a farm but to increase your acreage from 1 to 2 so that you can be guaranteed many meals and sell produce to return the money. Nigerians donot even know what is right or wrong borrowing. These guys love to borrow for 'contracting' simply because contracting is the only avenue for condensing funds to steal. Contracting is the only way long term developmental aspirations can be grappled with our notorious short term mentality. That is why typical governments will not patch a pothole for N1,000 tax naira but leave it to decay to become a 1 billion dollar project loan tomorrow and the list is endless. From refineries to roads and railways, condensing today what should be done incrementally on 'citizen' power gradually and deliberately. They know what to do but corruption will not permit it. China did not develop to become what it is today on loans from anywhere. The people developed that country brick by brick over time. Same with America and much of Europe. What are we doing with the resources we have and how effectively are we deploying it to 'START-UP' Nigeria. Oga. You will be sick to your stonach to discover just how many loans have been taken to bring our refineries back from the dead in the past 20 years, still.... 1 Like |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by bigpicture001: 10:45am On Dec 11, 2019 |
Hypocrits everywhere....blaming and abusing mrs iweala up nd down....just cuz of power |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by NOHOLDSBAR: 10:47am On Dec 11, 2019 |
NwekeUG:I support this govt but they have to spell out exactly how each dollar will be spent. We need a list of the capital projects and how much will be spent on each one. The past govts didn't invest enough on capital projects, they were too busy stealing and feeding fat. To have good infrastructural system in place we have to borrow but it must be spent as expected. 1 Like |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by Horus(m): 10:47am On Dec 11, 2019 |
https://www.youtube.com/watch?v=LxYr8zt4aGs 'The Younger Generation Is At Risk If Nigeria Continues Borrowing At This Rate' |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by Skepticus: 10:55am On Dec 11, 2019 |
byinks:Don't mind them. Stupid people, making the same mistakes every time and expecting a different result. For me, going out to vote is practically useless. The chances of the fools you vote into powers being corrupt is 100% 1 Like |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by ekitimanalways(m): 10:57am On Dec 11, 2019 |
NwekeUG:Nigeria keeps borrowing like it is the 1990s. |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by onyenje: 10:58am On Dec 11, 2019 |
keeping borrowing and keep siphoning. the day of reckoning is at hand |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by aspiring44: 11:02am On Dec 11, 2019 |
Racoon:You are just too reasonable .exactly my thought. If there is proper accountability ,transparency and integrity the revenue collected by the govt agencies is enough to feed us a nation and we will have surplus. Why must we run a deficit economy . I could remember when IBB took the loan and call it SAP . it eventually went down the drain because the loan was not specifically used for what is meant for . At the same time IBB borrowed other countries of the world also borrowed , but those countries that borrowed used it judiciously , but our case is different . .,. mamser was introduced , People's bank all went down the drain . Moreover, one of the conditions of getting a loan is currency devaluation . we are going to be more pauperized with their selfish agenda. " he who go borrowing , go sorrwing". |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by Alexanderyombo(m): 11:07am On Dec 11, 2019 |
Majority of Nigeria's politicians are slave... NwekeUG: |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by Royalbloodline: 11:14am On Dec 11, 2019 |
Please just endeavour to borrow brain too to replace all ur stale brains and not just money.  Nonsense people |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by blowjohn(m): 11:27am On Dec 11, 2019 |
QueenAddyRealty:I agree with ur point about making use of the money we borrow to good productive use. However, u disagree with u on the ur comment about the possibility of getting a conflict free land to buy anywhere in Nigeria. |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by runningriot: 11:33am On Dec 11, 2019 |
Why can't others borrow from Nigeria? |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by nedekid: 11:40am On Dec 11, 2019 |
Royalbloodline:These people do not know how to manage resources so what do you expect? Fashola is a lawyer. The minister of finance or gbemi, what do they know about in simple terms having 1k today and turning it to 2k tomorrow? If only we had people like Peter Obi etc handling the affairs of the economy and country at large. People smart business wise. People that grow things. Ambode did not take loans but was able to put facts on the ground in Lagos. Point and kill has come and already canversing for loans meanwhile the whole state is falling apart. Same state 2 different people. SMH. By the time these clowns are done with naija. I wonder what will remain. 2 Likes |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by Linzbreezy(m): 11:41am On Dec 11, 2019 |
Continue |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by anonimi: 11:47am On Dec 11, 2019 |
DonFreshmoney:www.nairaland.com/attachments/3530686_buharihair_jpeg_jpeg7922f099f97c59fa623acaa847a386e8 www.nairaland.com/attachments/6423790_africa2debt_jpeg668126b9bb169d38087fd57900dde379 2 Likes |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by QueenAddyRealty: 11:49am On Dec 11, 2019 |
blowjohn:Thanks However, u disagree with u on the ur comment about the possibility of getting a conflict free land to buy anywhere in Nigeria.Oh, why is that, sir? |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by Yusman316(m): 11:53am On Dec 11, 2019 |
Racoon:And the money shared monthly by the federal, state and local govts falls from the sky right? |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by Yusman316(m): 12:06pm On Dec 11, 2019 |
bigpicture001:My guy no body insulted or criticized Madam Iweala. She was among the very few praised in GEJ's govt, because she asked for the right things to be done. And some powerful persons in the govt attacked her |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by ShineGrace(m): 12:10pm On Dec 11, 2019 |
Babatunde Fashola Zainab Ahmed & Ggbemisola Saraki are bunch of failures who are bereaved of ideas. You want to plunge this country into a debt of no survival. Posterity will not forgive you. Ole, Ndi oshi, Barawo |
| Re: Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki by bigpicture001: 12:15pm On Dec 11, 2019 |
Yusman316:Guess ur nu to.news on.national happenings.....iweala was heavily criticised..nd even called corupt nd a thief..they even started praising soludo who knows next to nothing on.macro and fiscal economy.managment..nd he came ranting to d applause of the APC |
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