GARRIYELLOW:
"Nigerian Seeks $1 Billion Loan To Boost Mechanised Farming"

OP your subject is misleading. It should be "Nigeria..." and not "Nigerian...".

I was misled into opening this thread.

Rosskiye:


We're not copying them. We don't even owe 1 trillion dollars talk less of 23 trillion.

We just owe 68 billion dollars, so we're good.

Blue3k:


Some people like being primative. I had the same type of people arguing with me in annother thread I dedicated to this topic. There's other core issues like irrigation, bad roads, storage and land use act which hinders farmers access to credit.

solmusdesigns:



Nigerians Politicians are sometimes daft, with less than $1bn USD or N360 billion NGN, Nigerian government can build a tractor manufacturing plant close to Ajaokuta and it would serve all our tractor and heavy machinery needs at very cheaper rate, and we might start selling to other african countries making good forex.

Rosskiye:


It is NOT the federal government's job to build tractor manufacturing factories.

That is the private sector's job.

Rosskiye:


It is NOT the federal government's job to build tractor manufacturing factories.

That is the private sector's job.

If the govt builds the factory, and it doesn't perform optimally (since govt officials are not trained to be manufacturers), you will be the first to blame them for ''mismanagement''.

Rosskiye:
This is a FANTASTIC MOVE by the Nigerian government.

1 billion dollars is NOTHING for Africa's largest economy to borrow, to help transform its Agricultural sector.

In fact I wish they had borrowed 2 billion.

Look, once we achieve FOOD SECURITY, meaning CHEAP FOOD FOR ALL, we are on our way to becoming an advanced nation.

It all starts with cheap, widely available food for the masses.

No country has ever developed without that basic condition.

In fact, I'm liking this Buhari administration more and more. They are showing real VISION and PURPOSE, that have been somewhat lacking in our policy making over the last few decades.

Rosskiye:


We're not copying them. We don't even owe 1 trillion dollars talk less of 23 trillion.

We just owe 68 billion dollars, so we're good.

solmusdesigns:



Nigerians Politicians are sometimes daft, with less than $1bn USD or N360 billion NGN, Nigerian government can build a tractor manufacturing plant close to Ajaokuta and it would serve all our tractor and heavy machinery needs at very cheaper rate, and we might start selling to other african countries making good forex


.

helinues:


So $68bn Na just...

Rosskiye:



$68 billion is nothing for Nigeria, in terms of debt for a nation of our size and ambitions.

Do you know South Africa's annual budget?

$125 billion.

So, half of what they spend per year is too much for a country like Nigeria to owe some people? Rubbish.

ForeThinker:
Again ??

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