Buhari sef

This herdsman sef....went to my banker to see if I can buy some bond in the present treasury issuing only to find out the rate is a meagre 3% I just waka comot from the bank.

Nonsense and ingredients

Justinlean02:
And when will the borrowing end
the generation these debts go fall on make them no kuku turn them to slaves in respect to payment. I've said my peace and for the last time Naija wake it's TIME

see, if a government is incompetent and cannot manage the funds the have, the little you have will never be enough and you will chop it and take the easy way out which is to borrow.
In real life don't you see people that what they have is never enough? They will borrow and borrow. But you give half of same money to who knows what he is doing and he grows the money debt free.

Hope the government are aware of our increasing debt

money don land

Hmmm!!! Nigeria is finished. Click on the links on my signature to know how you can make 200% profit from just investing in Lekki cheap plots of land.

How I wish the money borrowed are spent on something worthwhile

owobokiri:
Buhari is borrowing this country into the pit of hell to build massive road and rail lines across Niger republic while telling south easterners that Amaaechi was not authorized to promise any rail track in the east since there is no money... This man will destroy this country with hate and venom... How can you be more loyal to foreigners than to your countrymen simply because you share some sort of ethnic relationship with them? The Niger president went behind him to sign an agreement with france to pull the rug off Nigerias feet on the ECO currency issue. Since then, he started closing borders and seem to start appreciating the fact that national interest should trounce ethnic loyalty... Buhari is incompetence personified.

.
Oga name one country that doesn't borrow to fund its budget? If you're not familiar with bonds better not to say anything

If this country was sold out, it would even do better.

crownwealth:
By the time the economic terrorist finished with Nigeria, Somalia could be better...


ONIGBESE gonment of FRAUD!


Promised jobs, we no see

Stable power, no where to be found.

Boju-boju administration of FRAUD.

crownwealth:
By the time the economic terrorist finished with Nigeria, Somalia could be better...


ONIGBESE gonment of FRAUD!


Promised jobs, we no see

Stable power, no where to be found.

Boju-boju administration of FRAUD.

Ihutomi:
Thank God our house we write not for sell or else this government can sell it

You're sounding like a slave that has been sold but telling himself that his intestines are not for sale.

benedictuyi:
.
Oga name one country that doesn't borrow to fund its budget? If you're not familiar with bonds better not to say anything

By the time you ask around many of those making comments here are supposed to be graduates!

It is pathetic that they don't know why governments all over the world issue bonds are regular intervals.

So sad for this country.

As we can all see now that our ex-president Obasanjo saw this coming before he left office, but his effort to write-off our debt render useless.

paix:
You're sounding like a slave that has been sold but telling himself that his intestines are not for sale.

u sound so out of context but I blem ur village people.akuna.

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Nigeria is in another slavery, religious, political and economic. Nawa o, this country has been mortgaged. I thought the current crop of leaders came to salvage this country from the woes we're in, but unfortunately, they're plunging it into abyss.

he sha no fit borrow from me??

na hin day curse him go deh collect...we don borrow from everybody.

izzyboi:
Hope the government are aware of our increasing debt

Keep hoping o.

owobokiri:
Buhari is borrowing this country into the pit of hell to build massive road and rail lines across Niger republic while telling south easterners that Amaaechi was not authorized to promise any rail track in the east since there is no money... This man will destroy this country with hate and venom... How can you be more loyal to foreigners than to your countrymen simply because you share some sort of ethnic relationship with them? The Niger president went behind him to sign an agreement with france to pull the rug off Nigerias feet on the ECO currency issue. Since then, he started closing borders and seem to start appreciating the fact that national interest should trounce ethnic loyalty... Buhari is incompetence personified.

Trash talk of hatred...but the same Buhari is building 2nd Niger bridge, in the east, with many kilometres of adjoining roads worth hundreds of billions of naira...think outside the box of hatred

This buhari family we sell Nigeria one day oo beware

michoim:

Trash talk of hatred...but the same Buhari is building 2nd Niger bridge, in the east, with many kilometres of adjoining roads worth hundreds of billions of naira...think outside the box of hatred

you be MUMU

owobokiri:
Buhari is borrowing this country into the pit of hell to build massive road and rail lines across Niger republic while telling south easterners that Amaaechi was not authorized to promise any rail track in the east since there is no money... This man will destroy this country with hate and venom... How can you be more loyal to foreigners than to your countrymen simply because you share some sort of ethnic relationship with them? The Niger president went behind him to sign an agreement with france to pull the rug off Nigerias feet on the ECO currency issue. Since then, he started closing borders and seem to start appreciating the fact that national interest should trounce ethnic loyalty... Buhari is incompetence personified.

Bros, the loan is naira denominated which means it's basically a stimulus injection into the economy. It will pay local contractors and their employees who will buy local goods. This is the only way you can inject cash without causing inflation. In the past after every FAAC meeting asset prices and fx rates would rise as governors push state money into stocks and housing. ( as well as into the Dubai route) People were shouting - the economy is booming not knowing it was an uneconomic bubble unbacked by any infrastructure or value. Today hate the infrastructure or love it, this money is not going into the stock market or new property estates and it certainly ain't going to Dubai - so what's not to like? We cant keep mistaking the absence of pain for progress.

To those coming out with funny degrees that you know have nothing behind them and to those buying and selling and of course to all those who pack themselves as middle men into value chains, the sun ain't shining no more and long may it last till every single entitled person receives sense.

Yahoo Yahoo

The only reason I fall in love with this government, they don't steal big at once, bit by bit, trillions will be accounted to their disposal, (500billion ?) chicken change, time shall come they'll start selling our house one by one.

That is how projects are being finance in the developed world if you don't know.

BreconHills:


Bros, the loan is naira denominated which means it's basically a stimulus injection into the economy. It will pay local contractors and their employees who will buy local goods. This is the only way you can inject cash without causing inflation. In the past after every FAAC meeting asset prices and fx rates would rise as governors push state money into stocks and housing. ( as well as into the Dubai route) People were shouting - the economy is booming not knowing it was an uneconomic bubble unbacked by any infrastructure or value. Today hate the infrastructure or love it, this money is not going into the stock market or new property estates and it certainly ain't going to Dubai - so what's not to like? We cant keep mistaking the absence of pain for progress.

To those coming out with funny degrees that you know have nothing behind them and to those buying and selling and of course to all those who pack themselves as middle men into value chains, the sun ain't shining no more and long may it last till every single entitled person receives sense.

Most of them are educated illiterates,
Since the government know what they are doing, no problem.
Even PDP's have kept quiet all of a sudden, cos they know all buhari has been doing is for the national interest, though a bit tribalistic in his appointments.
Anybody that succeeds him will find it difficult to embezzle.

Ustec:

Most of them are educated illiterates,
Since the government know what they are doing, no problem.
Even PDP's have kept quiet all of a sudden, cos they know all buhari has been doing is for the national interest, though a bit tribalistic in his appointments.
Anybody that succeeds him will find it difficult to embezzle.

the question is, must we borrow?

This administration will leave a huge debt o

O!! not again!!!

Am sure by the end of 2023 There would be nothing left called Nigeria.

BreconHills:


Bros, the loan is naira denominated which means it's basically a stimulus injection into the economy. It will pay local contractors and their employees who will buy local goods. This is the only way you can inject cash without causing inflation. In the past after every FAAC meeting asset prices and fx rates would rise as governors push state money into stocks and housing. ( as well as into the Dubai route) People were shouting - the economy is booming not knowing it was an uneconomic bubble unbacked by any infrastructure or value. Today hate the infrastructure or love it, this money is not going into the stock market or new property estates and it certainly ain't going to Dubai - so what's not to like? We cant keep mistaking the absence of pain for progress.

To those coming out with funny degrees that you know have nothing behind them and to those buying and selling and of course to all those who pack themselves as middle men into value chains, the sun ain't shining no more and long may it last till every single entitled person receives sense.

Your analysis is not correct.

This is local debt(naira) which likely will come from PENSION FUND and other local institutional investors.

Ideally, the government should use the money wisely and be able to generate REVENUE greater than the interest rate they want to pay back in 5yrs, 10yrs & 30yrs.

But we know this money they want to borrow now through BOND is to pay back existing BOND that are already due.

Conclusion:
Mr. Buhari is running a PONZI scheme; which when it will eventually fail, will drag down the pension of Nigerians and the economy into a mess.