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Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely - Politics (4) - Nairaland

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Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by TylerDurden: 12:34pm On Mar 12, 2020
[s]
BreconHills:


Nigeria has no choice but to take the loan.

In the face of slower global economic growth, stimulus must come internally and it must be tied to infrastructure.

Cold reality.

Right now its politics, but soon the reality will dawn on the House of Reps. Once they finish their protestations they will approve the loan. They have no choice. Watch and learn.

Repayment is not the issue now. A country must be solvent to repay. Dead bodies dont repay mortgages. All over the world, governments are preparing stimulus packages including the most indebted country in the world ' the USA. Stimulus is the game - Nigerias heart doesnt need surgery it requires debilifration.

The youths who are high on hate here will soon see the USD - Naira rate skyrocketing, unemployment climbing with massive capital outflows. First they will gloat, then they will curse and then they will look for salvation from anywhere. What has happened so far will be childs place because if care is not taken one day millenials will be known as the "missing generation" because the economy will skip them to berth in their childrens generation.

Everyone is scoring cheap points off this government because it is useless at defending itself or even making its case known in a coherent manner. It has lost tremendous credibility because of policy conflicts and poor implementation.

But guess what? No other government is moving so fast towards restructuring the economy away from rent to value; from speculation to real investment. The pain is real. But if the patient comes off this particular operating table without the completion of surgery then even the brave and garrulous will cry.

The loan will be approved. There is no other reality in which a different decision wins..
[/s]

This loan has been in the offering since 2019 and only got to the Senate after Saraki was replaced with rubber Stamp Lawan.

If they knew we are heading into a recession why did they pin the budget benchmark at $57

Pls stop trying to make excuses for this broad-daylight heist.

2 Likes 1 Share

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by DAVE5(m): 12:35pm On Mar 12, 2020
TylerDurden:


Whatever happened to that rubbish mantra that you zombies used to spin that Buhari was booted out as HoS because he refused to take IMF loans.

It should be crystal clear to you zombies that Buhari is nothing but a muscle man to the Rothschild banksters.

He is here to collect on behalf of the Jewish banksters!

Buhari?
A muscle man to Rothschild?
How nah?
They can't possibly be dealing with a dullard joor


But seriously, I would like to get the full gist or link to that info abeg, I see say nah u post link of where they said only 60% of the requested loan would be available to us, so I guess you have the info on the Rothschild/buhari relationship

1 Like

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by Aboguede(m): 12:35pm On Mar 12, 2020
Whether we like or not

9jaria is a poor country when it comes to undertaking massive infrastructural changes like building sufficient rail way network and power grids and supply stations

80% of Nigerians are ignorant of the this fact

But shout light light till 2moro nothing go happen

9ja does not have the capacity to invest in this except through foreign investors


And I am happy with Nigeria past presidents and present for their resolute carefulness on dealing with foreigners on matters of massive developments


I am happy to be a full blooded Anambra son and Nigeria for ever


Igbo Amaka grin

2 Likes 1 Share

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by TylerDurden: 12:36pm On Mar 12, 2020
DAVE5:


Buhari?
A muscle man to Rothschild?
How nah?
They can't possibly be dealing with a dullard joor

Buhari is the perfect useful idiot.

The Jews use idiots like him not only to make money but to push their satanic agenda

1 Like

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by Nobody: 12:36pm On Mar 12, 2020
iammo:


did Senate President Ahmed Lawan allow any opposition to speak? didn't Abaribe raise his hand for hours without being picked, while the paid senators spoke of the beauty of the loan and ultimately had a one sided debate and a showdy Yeahs and Nahs

Speaking and voting aren't the same, most reps kicked against it, mind you APC have the majority in the house. Meanwhile, majority gave consent in the senate, look for the video of the session

2 Likes

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by Officialgarri: 12:37pm On Mar 12, 2020
AFONJACOW:
you are mad

Tell that to your father. Even if he's dead, walk to his grave and tell him

1 Like 1 Share

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by surgical: 12:37pm On Mar 12, 2020
Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?
with buhari forget it , he will fritter it away as usual
Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by Nobody: 12:40pm On Mar 12, 2020
obailala:
What's the origin of that info?.... 40% consultancy? Does that even make sense to you?

Stop pretending as if u dont know Nigeria again. Even if it's not 40%, just know that high grade looting is being prepared to be executed on this loan

1 Like

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by iammo(m): 12:42pm On Mar 12, 2020
Lucid1:


Speaking and voting aren't the same, most reps kicked against it, mind you APC have the majority in the house. Meanwhile, majority gave consent in the senate, look for the video of the session

I haven't seen the video of the plenary session, but when you are a speaker and you want to do a dirty work on a bill or a resolution, you simply act like Saraki and his boy Dino Melaye.. you control the debate to suite you and the question of the resolution you taylor it perfectly well that you can get it passed

1 Like

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by Nobody: 12:43pm On Mar 12, 2020
obailala:
Who takes a loan of $23bn for projects and pays $9bn (amounting to 40% of the total sum) as consultancy fee to people who facilitated the loan?

Oga, the government may be inept, the government may be useless, the government may be stupid and you may detest the government like a large majority of Nigerians justifiably do; but then, is it any nonsense article you read online that you just believe because it was Guardian that published it?

Meanwhile you talk about rehabilitating terrorists as if it's a new thing unique to this government. Rehabilitating prisoners or militants or terrorist fighters 'who willingly surrender' is international law; it may be distasteful, but that's unfortunately how things work (the soldiers should have shot them on the heads instead of capturing them). Even the 'more rational' PDP government of GEJ before this one also did the same nonsense.

So which islamic terrorists have America or europe rehabilitated?

And pls which terrorists did GEJ rehabilitate?

2 Likes 1 Share

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by Kingrefreshed: 12:45pm On Mar 12, 2020
Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?



You must be Fulani or Yoruba Muslim. Most of una dey reason like fowl.

This is the 18th time they are borrowing money for power and electricity in Nigeria. Now let me ask you! Do you have light right now in your area?

2 Likes

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by MoIbrahim: 12:47pm On Mar 12, 2020
Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?

What if not?
Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by lastempero: 12:48pm On Mar 12, 2020
Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?

Apc cockroach tongue someone ask you if you have light in your hut, come to think of it ur deaf oga did borrow some billions for fighting war against boko haram and the war id even getting messier.

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Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by bizhop01: 12:49pm On Mar 12, 2020
Buhari used the last loan he borrowed for children naming ceremony

1 Like

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by voltron14: 12:49pm On Mar 12, 2020
MondayOsunbor:



China-Exim Bank ( $17,065,496,773)

chinese does not play with its money
nigeria is letting in evil people into its land




Tell us who plays with his money.
Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by obailala(m): 12:50pm On Mar 12, 2020
Oracle23:


Stop pretending as if u dont know Nigeria again. Even if it's not 40%, just know that high grade looting is being prepared to be executed on this loan
Of course govt officials must steal, but how can any normal person believe that $9 billion can be paid as consultancy fee? The fee isn't even for the projects themselves, rather just for consultants who will help Nigeria to secure the loan. Govt is bad govt is bad, but abeg is it a crime if we apply wisdom when swallowing online reports?

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Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by ContractKiller: 12:51pm On Mar 12, 2020
And the creditors will just fold their arms and not expect compound interest?

Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?
Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by voltron14: 12:51pm On Mar 12, 2020
obailala:
Who takes a loan of $23bn for projects and pays $9bn (amounting to 40% of the total sum) as consultancy fee to people who facilitated the loan?

Oga, the government may be inept, the government may be useless, the government may be stupid and you may detest the government like a large majority of Nigerians justifiably do; but then, is it any nonsense article you read online that you just believe because it was Guardian that published it?

Meanwhile you talk about rehabilitating terrorists as if it's a new thing unique to this government. Rehabilitating prisoners or militants or terrorist fighters 'who willingly surrender' is international law; it may be distasteful, but that's unfortunately how things work (the soldiers should have shot them on the heads instead of capturing them). Even the 'more rational' PDP government of GEJ before this one also did the same nonsense.

The source of that information is a source.

grin

Nigerian papers and lies.

Are these not the same Newspapers that had credible sources who listed various ministers and even CBN governor?
Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by RedBororo(m): 12:52pm On Mar 12, 2020
Come collect, the country now don red
Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by SocialJustice: 12:54pm On Mar 12, 2020
TylerDurden:


Here is the link

https://guardian.ng/news/furore-over-alleged-exclusion-of-south-east-edo-from-22-7b-loan/
Wow, if not for you I never would have seen it. Which sane person pays 40% consultancy for a loan.

1 Like

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by GamalNasser: 12:55pm On Mar 12, 2020
Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?

Stop fooling yourseld Buhari can not achieve anything even with 500 billion dollars loan , he doesn't have the vision and capacity to ..he can only increase suffering and pverty

1 Like

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by sulaak(m): 12:58pm On Mar 12, 2020
TylerDurden:
[s][/s]

This loan has been in the offering since 2019 and only got to the Senate after Saraki was replaced with rubber Stamp Lawan.

If they knew we are heading into a recession why did they pin the budget benchmark at $57

Pls stop trying to make excuses for this broad-daylight heist.

Actually, the loan was for $29.7 billion, Saraki approved $6 billion.

1 Like

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by Nobody: 1:00pm On Mar 12, 2020
Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?

You are too dull

2 Likes

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by Reference(m): 1:01pm On Mar 12, 2020
Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?

You take a 22 billion naira loan based on 'what if'... kai.... never seen this kind of ineptitude by a citizenry. Is it a sin to seek details and performance guarantees and if not find alternatives..
Thank goodness corona had stepped in. Our almighty collateral, crude oil is fast adopting junk status.
It is now we will know the difference between leadership and governance.

2 Likes

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by AFONJACOW(m): 1:02pm On Mar 12, 2020
Officialgarri:


Tell that to your father. Even if he's dead, walk to his grave and tell him
maybe that my bastard dog is your father

1 Like

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by Nobody: 1:08pm On Mar 12, 2020
Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?

Obasanjo spent 16 billion dollars on power.

How far with electricity?
Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by ObaOduaa: 1:10pm On Mar 12, 2020
[s]
Officialgarri:


Tell that to your father. Even if he's dead, walk to his grave and tell him
[/s]
Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by ObaOduaa: 1:11pm On Mar 12, 2020
[s]
voltron14:


Tell us who plays with his money.
[/s]
Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by ObaOduaa: 1:13pm On Mar 12, 2020
[s]
voltron14:


The source of that information is a source.

grin

Nigerian papers and lies.

Are these not the same Newspapers that had credible sources who listed various ministers and even CBN governor?
[/s]
Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by NgwalandAbia(m): 1:15pm On Mar 12, 2020
We the United South Eastern Nigeria said NO to the evil Bill milking our God given natural resource

2 Likes

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by ArewaGroup: 1:17pm On Mar 12, 2020
Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?

Re: Reps Suspend Buhari’s $22.79bn Loan Consideration Indefinitely by mushystuff: 1:17pm On Mar 12, 2020
Officialgarri:
I can see a part of the loan is meant for electricity.

Fellow Nigerians, what if this loan could solve electricity problem by 70%, should we not agree with the FG to take the loan?

Is it today they started taking out loans in the name of electricity? How will improvement in the sector be improved with the irresponsible management we have today? What is the guarantee that the money will not disappear as usual? What about repayment in the face of the obvious economic downturn? Y'all need to be reasonable please!

1 Like

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