JastSiryin:
Super developed in 5yrs!? What are you smoking?

itsme01:



if given 24 / 7 electricity would you remain this less productive.. yes or no

itsme01:



if given 24 / 7 electricity would you remain this less productive.. yes or no

JastSiryin:
Saying that 24hr power supply is all we need to be super developed is a gross oversimplification of our problems. Believe me, we'll need much more than that

TUANKU:
But buhari/apc supporters are too blind with sentiment to see this till it's too late by then they will become victims of the same man they supported blindly.

Olatunji1929:
baba go slow and zombies have only one agenda to plunge this nation into eternal debt

TUANKU:
But buhari/apc supporters are too blind with sentiment to see this till it's too late by then they will become victims of the same man they supported blindly.

itsme01:




nonsense talk oga pay back the 16 billion dollars you stole..

Is it not stupidity that makes Africans join IMF, World Bank, Paris club and demonstrate our commitment yet we are afraid to take single digit loans to fund critical infrastructures like US does?

If FG builts a mega power plant that can generate 3000 mega watt of power in each region through loan and borrowing and get steel complex like Ajaokuta working Nigeria would become super developed in less than 5 years and money we generate from power would pay back the loans and give us extra income

Small Rwanda and Ghana are leaving Big for nothing Nigeria behind through infrastructural Loans plans with National debt higher than Nigeria's yet we speak grammer everyday without taking any action

.

sulaak:


Infrastructures are liabilities. The country will also require loans to maintain these new roads, rail networks and power plants, unless they have designed a self-sustaining method to support these complex and expensive infrastructures such as toll gates for roads and high tax rates and payments fees for electricity and rail networks.

itsme01:


oga Nigeria has an healthy debt to gdp ratio in fact too low for any serious developing country...

itsme01:


power and steel is a good start for youth majority population like ours

tiredoflife:


The bad thing is
Even if Nigeria breaks
The debts will be shared by the new countries

itsme01:



infrastructure cos huge money running into billions of dollars eg Kano Lagos standard guage rail at 5 billion USD or 18 trillion Naira, all this ikoyi petty cash and FIRS money cant deliver the project as the money comes in stream by stream which can cause project abandonment

Now that you mentioned Ghana and Rwanda try and google their debt to gdp ratio and their national debt, and how their fancy airports and rails are funded

JastSiryin:
Nobody is questioning how good it would be to have such facilities. But I think people are oblivious of how detrimental our corrupt bureaucracy is to anything that should promote development, even we the citizens are complicit. Even if these amenities were to fall from the sky, who's going to be in charge of regulating things? We all know in the end whatever stride we're able to make would only be scratching the surface. Because we'd soon very well find our efforts severely stifled by bad policies.

We need to fight corruption, but not in the bigoted and partisan way its being carried out now. Which is in the aimless chasing of shadows, and scapegoating. We can't have the life we want with the way things are being run. Even if you had an endless source of water, you'd never be able to fully tap from it if you only have a sieve in hand. Corruption undermines everything!!

sulaak:


What about debt affordabilities, Nigeria GDP might be $400 billion but the country national budget is the same as Angola and Kenya.

How can a country manage $50 billion external debt and $63 billion internal debt with a national budget of less than $40 billion?

itsme01:



build a road and toll it, build rail and get people to pay.. provide power and watch industries start springing up, dont forget we have the population and the resources just steel and power being our major constrain

itsme01:



your fears about corruption are legitimate, however the loans are going to be escrowed by chinese till the projects are delivered so no free money for any politician

itsme01:



build a road and toll it, build rail and get people to pay.. provide power and watch industries start springing up, dont forget we have the population and the resources just steel and power being our major constrain

Kuginzi:

I don't think you're part of mankind. Everyone is entitled to his or her opinion. The fact that I'm not in the same boat with u doesn't mean my opinion is of no use. Pls use your brain for once

itsme01:



toll gate is in the digital toll gate is in the pipeline, and with more industries using power and rail they dont need to tax us heavily.. its all about how best we plan our financial strategy

GMbuharii:


Be useful to mankind thank you

Kuginzi:

E be like say u hear this word for radio station, na why u dey repeat am well well be that!!
Thanks

Kuginzi:

Ok you're part of the gullible one. I'm sorry you've just wasted your time writing meaningless comment. I have yet to see here critical assessment of Obasanjo's $16,000000 meant for electricity. He's just an attention seeker. He thought we've forgotten the damages he made to Nigeria that led us to borrowing.

itsme01:



your fears about corruption are legitimate, however the loans are going to be escrowed by chinese till the projects are delivered so no free money for any politician

Lynx001:
. someone help me out. This 2trillion we are removing from our budget are we paying back our debt or we are servicing it. Is there difference btw servicing debt and repaying. Very soon we will start seeing something lyk.

Your account 311XXXXX17 has been debited with 20,000.desc/repay nigeria's debt with china. avail bal:1080.