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.

Corona virus and the impasse between Russia v. Saudi/US is the reason for the implosion in oil price. Last quarter Nigeria exceeded growth expectation with plus 2% growth. There was no recession.on tbe horizon and no one is saying we are now in recession.

No one could have called these events. Blaming the Nigerian government for lack of foresight isnt analysis, it's just politics. The reality is that Nigeria needs to grow at plus 3-4%for us to begin to see the trickle effect. There are massive vested interests in the rental economy and unfortunately most Nigerians simply follow the least line of resistance which is politics.

Right now there is a 22% vacancy in ikoyi rental market, and yields on banana and ikoyi properties are doing 2-3% yields. Which for the first time brings the ultra high net worth into the national growth frame. Passive investment in money market is 6% with an implied annual degradation of naira at 7% p.a. This means EVERYONE needs a base of 15% just to cut free from inflation at plus 11%. The first step in restructure is to spread the pain so that heavy funds move to the real sector. And its happening; why are there so many PE firms springing up all over the place? Why is there so much investment lined up for healthcare? What is fuelling the growth in Agri tech which is returning excess benchmark returns? Why has Nigeria replaced South Africa as the most heavily funded start up sector on number of start ups funded? The answer is structural correction. You cant make property, stocks or bonds stores of value if your country isnt producing real value. This is the false FEC allocation economy we have been running since 1999.

As I said before, the loan will be taken because there is no option. Read my lips "there is NO other option"

Please if you cant answer with numbers please dont expect me to reply. I dont do party or tribal politics.

TylerDurden:


The Guardian.

I will link the source here for you

And are you still trying to rationalize a govt that is rehabilitating repentant Terrorists, proposing Fulani Colonies and pushing laws that will get you executed over your free speech?

Dont mind that man

engineerboat:


And you think they will use it for electricity.

The current electricity generation had not been successfully used by the Discos what is the federal government doing about it.

When we generate about 3000mW and Disco will only decide to collect 1500MW the remaining waste

don't waste your time on a paid idiot bro. That guy supports anything ruled by Buhari..

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?

How are we sure this money is meant for electricity? How can we easily believe a government that has lied to us so many times already.

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?

By paying 40% of the loan as consultancy fees ba? Why has the one he's been taking not felt by the common man abi no be projects dem say dem use am do? Zombies will never disappoint.

Dish Washers Market class in phrases of location protected in this phase of the report will help organizations apprehend individual increase possibilities for the Dish Washers market throughout the regions (regions covered in the document) over the forecast duration lg 3570 washer reviews To look at the Dish Washers marketplace in the worldwide state of affairs, the record segments the marketplace in terms of Basic_segments.

May God save us with all our borrow borrow

TylerDurden:


Buhari is the perfect useful idiot.

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

Me just want full gist or link make I update my anti-buhari list, help a fellow nairalander out

The guy was useless from the on-set

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?

Are you up to 10 yrs old in Nigeria ?

Oracle23:


So which islamic terrorists have America or europe rehabilitated?

And pls which terrorists did GEJ rehabilitate?

Was it not the same useless American government that sanctioned Nigerian government for extra judicial killing of captured boko haram terrorist? Also where were you when amnesty international and other similar human right's organisations were on the neck of Nigeria for killing captured terrorists? Even some soldiers had to be court-marshaled for that not long ago. Was it not the same American government that blocked every avenue of Nigeria buying weapons to fight bokoharam on the basis of human rights abuses against captured terrorists?

You asked which terrorist GEJ freed, who was Nigeria's president in 2013 -2014? Did the Nigerian government then not even grant amnesty to boko haram members who were willing to surrender? Or you probably couldn't afford internet data in 2013/2014 to know these? The current rehabilitation program (or whatever it's called) for boko haram fighters was a program started before 2015; the guy's being released recently started their rehabilitation before 2015.
https://www.aljazeera.com/news/africa/2013/05/201352117343462308.html
https://www.refworld.org/docid/559bd54b3a.html
http://newirin.irinnews.org/boko-haram-road-to-redemption
https://www.premiumtimesng.com/news/153120-jonathan-orders-release-of165-boko-haram-suspects-nigerian-military.html

[s]

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?

[/s]

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?

On paper may be. In reality, I doubt it.

DAVE5:


Me just want full gist or link make I update my anti-buhari list, help a fellow nairalander out

The guy was useless from the on-set

Britain under Thatcher goes into recession.

Coal miners strike on a daily basis coupled with street protests.

Oil prices slump due to Iranian and Saudi stand-off.

Shagari's govt applies for loan re scheduling in the midst of a cash crunch occasioned by a dip in revenue from crashing oil prices.

Thatcher barks at the Nigerian govt's proposal and insists payments must go on as proposed.

Shagari disagrees.

Thatcher gets MI5 to get rid of Shagari and impose a puppet that will not only pay all of what Nigeria owes but within the shortest schedule in order to shore up the weakening UK reserves.

Have you asked why Thatcher or Reagan never condemned the coup that ousted Shagari

Chart below is of Nigeria's foriegn reserves

It shows how in the month of January 1984 Nigeria's foreign reserves were depleted.

Buhari overthrew Shagari on December 31st.



As at Dec 31, 1983 to March 31 1984, Nigeria's foreign reserves was at its lowest.

Coincidence or correlation.

Buhari paid for his coup by emptying our reserves.

They hailed him in his second coming because they knew they will make money from the idiot and since then he hasn't dissapointed.

Mandeyy:
[s]Tribalism has made you sense.less. Who told you that those Boko Haramites genuinely repented? Besides, what Guardian wrote about the 40 percent of the loan that will be given to the loan facilitators is true. No country has ever rehabilitated terrorists. They kill them to serve as a deterrent to others, and that's what Niger Republic did recently. So, stop writing trash. The PDP government didn't rehabilitate terrorists. Niger Delta militants were not terrorists. They agitated that their region was ravaged by oil spillage, gas flaring, and environmental degradation, but the government didn't listen to them. Go there and see things for yourself. The resources are from their region, but they're in perpetual pernury. So, they were freedom and resource control fighters. The best government should have done was to entrench fiscal federalism, but it didn't do that. The North benefits from their resources. The highly influential Northern personalities own oil wells in the Niger Delta, while little or nothing came to their people. And that's injustice. Could you please tell me the genuine reason Boko Haram terrorists had (or still have) for killing people? Even Niger Delta militants didn't kill innocent Nigerians living in the Niger Delta. They only focused on destroying government and multinational companies' oil installations, and at times, the soldiers were killed because they wanted to kill them. Your point is pointless. You're filled with tribalism.[/s]

What sort of mannerlessness makes a person to jump into a conversation with insult? What tribe do you even assume I am and what in God's name even brought tribe into this discussion? First evidence of your senselessness is you bringing up tribalism into an issue that has absolutely nothing to do with tribe. *spits*

When I said the previous govt also rehabilitated terrorists, who said I was talking of ND militants? See how you went on an endless tirade talking about ND militants without even knowing what I was talking about. I was referring to boko haram terrorists, they were offered amnesty by GEJ, the ones who surrendered were also rehabilitated. Most of those terrorist who they say are being rehabilitated and released today, their rehabilitation started before 2015, the current government only continued in a program started by its predecessor.

What do you mean by "whether Boko Haramites genuinely repented"? Did I mention it to you anywhere that bokoharam repented genuinely or not? Did I tell you I'm in support of rehabilitating terrorists? I only said it was international practice to rehabilitate or try to deradicalise terrorists who willingly surrender. Obailala did not make the law, Obailala does not support the law, but it is what it is. Where were you when Nigeria was sanctioned by the US and blocked from procuring weapons to fight bokoharam on the accusation of 'extrajudicial killings' of captured terrorist. Also where were you when amnesty international and other similar human right's organisations were on the neck of Nigeria for killing captured terrorists? Even some soldiers involved in that were court-marshaled not too long ago. I guess it was Buhari that sanctioned Nigeria no be so?

Finally you mentioned that "what Guardian wrote about $9 billion consultancy fee is true", on what basis did you come to that conclusion that $9billion is paid as consultation fee? In the history of the world, where has that ever happened?... and why is such a catchy story not being debated or even reported anywhere else besides the forgotten editorial in Guardian online newspaper? You must surely be a part of those who negotiated the deal, that must explain why you're so sure of the inside details.

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?

Story for the gods! before nko?

thanks guys for your intelligent contributions, in fact I don't know what else to called this useless Buhari govt



officialgarri you've big problem, you always love to make use of your brain but your sense can't just help it

PapaBaby:


As ee dey hot.

Reps now seeing what Saraki and Dogara saw.

WHAT DOES THEY SAW

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?

Do you have details of the terms and conditions?

I think those senators and representatives opposing this bill may have that.

It is true a sick man needs to be given drugs for recovery, but remember that the drugs must be administered appropriately and must not be abused or overdosed if not you will end up killing the sick man you were trying to treat.

That loan is the drug and Nigeria is the sick man.

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?

àwọn olórí... U, ọmọ.. lè, they want to sell the future of their children, electricity kò thunder ni.

God bless Senator Abaribe

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?

They will divert it bros!

BreconHills:


Corona virus and the impasse between Russia v. Saudi/US is the reason for the implosion in oil price. Last quarter Nigeria exceeded growth expectation with plus 2% growth. There was no recession.on tbe horizon and no one is saying we are now in recession.

No one could have called these events. Blaming the Nigerian government for lack of foresight isnt analysis, it's just politics. The reality is that Nigeria needs to grow at plus 3-4%for us to begin to see the trickle effect. There are massive vested interests in the rental economy and unfortunately most Nigerians simply follow the least line of resistance which is politics.

Right now there is a 22% vacancy in ikoyi rental market, and yields on banana and ikoyi properties are doing 2-3% yields. Which for the first time brings the ultra high net worth into the national growth frame. Passive investment in money market is 6% with an implied annual degradation of naira at 7% p.a. This means EVERYONE needs a base of 15% just to cut free from inflation at plus 11%. The first step in restructure is to spread the pain so that heavy funds move to the real sector. And its happening; why are there so many PE firms springing up all over the place? Why is there so much investment lined up for healthcare? What is fuelling the growth in Agri tech which is returning excess benchmark returns? Why has Nigeria replaced South Africa as the most heavily funded start up sector on number of start ups funded? The answer is structural correction. You cant make property, stocks or bonds stores of value if your country isnt producing real value. This is the false FEC allocation economy we have been running since 1999.

As I said before, the loan will be taken because there is no option. Read my lips "there is NO other option"

Please if you cant answer with numbers please dont expect me to reply. I dont do party or tribal politics.

But the Nigerian government has proven several times before, any loan collected will just be diverted without achieving anything meaningful at all. Then we will be back to the starting point. That is why almost everyone in this country is against such a huge amount of money as loan, we know the kind of people in power.

TylerDurden:


Britain under Thatcher goes into recession.

Coal miners strike on a daily basis coupled with street protests.

Oil prices slump due to Iranian and Saudi stand-off.

Shagari's govt applies for loan re scheduling in the midst of a cash crunch occasioned by a dip in revenue from crashing oil prices.

Thatcher barks at the Nigerian govt's proposal and insists payments must go on as proposed.

Shagari disagrees.

Thatcher gets MI5 to get rid of Shagari and impose a puppet that will not only pay all of what Nigeria owes but within the shortest schedule in order to shore up the weakening UK reserves.

Have you asked why Thatcher or Reagan never condemned the coup that ousted Shagari

Chart below is of Nigeria's foriegn reserves

It shows how in the month of January 1984 Nigeria's foreign reserves were depleted.

Buhari overthrew Shagari on December 31st.



As at Dec 31, 1983 to March 31 1984, Nigeria's foreign reserves was at its lowest.

Coincidence or correlation.

Buhari paid for his coup by emptying our reserves.

They hailed him in his second coming because they knew they will make money from the idiot and since then he hasn't dissapointed.

Coincidence or correlation?

Well for me, he couldn't give what he never had, which is business acumen on how to successfully run a business, so how could he successfully run a wider very diverse economy like Nigeria

I'm tilted towards seeing he's a correlation like you put forward

One thing is obvious, he's a failure, a hoax

BreconHills:


Corona virus and the impasse between Russia v. Saudi/US is the reason for the implosion in oil price. Last quarter Nigeria exceeded growth expectation with plus 2% growth. There was no recession.on tbe horizon and no one is saying we are now in recession.
J
No one could have called these events. Blaming the Nigerian government for lack of foresight isnt analysis, it's just politics. The reality is that Nigeria needs to grow at plus 3-4%for us to begin to see the trickle effect. There are massive vested interests in the rental economy and unfortunately most Nigerians simply follow the least line of resistance which is politics.

Right now there is a 22% vacancy in ikoyi rental market, and yields on banana and ikoyi properties are doing 2-3% yields. Which for the first time brings the ultra high net worth into the national growth frame. Passive investment in money market is 6% with an implied annual degradation of naira at 7% p.a. This means EVERYONE needs a base of 15% just to cut free from inflation at plus 11%. The first step in restructure is to spread the pain so that heavy funds move to the real sector. And its happening; why are there so many PE firms springing up all over the place? Why is there so much investment lined up for healthcare? What is fuelling the growth in Agri tech which is returning excess benchmark returns? Why has Nigeria replaced South Africa as the most heavily funded start up sector on number of start ups funded? The answer is structural correction. You cant make property, stocks or bonds stores of value if your country isnt producing real value. This is the false FEC allocation economy we have been running since 1999.

As I said before, the loan will be taken because there is no option. Read my lips "there is NO other option"

Please if you cant answer with numbers please dont expect me to reply. I dont do party or tribal politics.

The problem with folks like you is that you choose to skirt the real issues. What do numbers mean in Nigeria.?

The false FEC allocation economy is a structural issue that the citizens of this country have to address if not the results of such loans are seriously in doubt and will likely go the same way as the previous ones. Just look at some of the items on that list. Are they core economic stimulus packages.?

And when you say 'running since 1999' you simply cannot extricate yourself from the political angle because you refer ro a period where democracy was reestablished in Nigeria. The administrative structure we operate has not changed since the civil war. It did not start in 1999. Even the 1999 Constitution which anchors everything did not start in 1999.

Yes there are options and it starts by telling ourselves the truth and setting our house in order so that we break the cycle of throwing good money after bad principles. No one is against the idea of borrowing bur show m what rhis government and the previous one has done with all the billions borrowed and let the public decide whether it is worth it.

Until then I am at liberty to speculate that all this loan things are just to satisfy special interest groups, rent seekers that constantly loiter round the corridors of power and cannot find food to eat or earn a decent wage for an honest days work outside government.

Citizens of other countries will extract significant concessions from government through their Representatives before permitting such dangerous ventures. Here we cannot even ask them to cut down their excesses and bloated personal costs that condemns us to penury every passing budget.

Abegi.. It is political. Get the structure right and everything else will fall into place. Politics is the driver of the bus of state.

Reference:


The problem with folks like you is that you choose to skirt the real issues. What do numbers mean in Nigeria.?

The false FEC allocation economy is a structural issue that the citizens of this country have to address if not the results of such loans are seriously in doubt and will likely go the same way as the previous ones. Just look at some of the items on that list. Are they core economic stimulus packages.?

And when you say 'running since 1999' you simply cannot extricate yourself from the political angle because you refer ro a period where democracy was reestablished in Nigeria. The administrative structure we operate has not changed since the civil war. It did not start in 1999. Even the 1999 Constitution which anchors everything did not start in 1999.

Yes there are options and it starts by telling ourselves the truth and setting our house in order so that we break the cycle of throwing good money after bad principles. No one is against the idea of borrowing bur show m what rhis government and the previous one has done with all the billions borrowed and let the public decide whether it is worth it.

Until then I am at liberty to speculate that all this loan things are just to satisfy special interest groups, rent seekers that constantly loiter round the corridors of power and cannot find food to eat or earn a decent wage for an honest days work outside government.

Citizens of other countries will extract significant concessions from government through their Representatives before permitting such dangerous ventures. Here we cannot even ask them to cut down their excesses and bloated personal costs that condemns us to penury every passing budget.

Abegi.. It is political. Get the structure right and everything else will fall into place. Politics is the driver of the bus of state.

I am sorry every man and his dog has a political opinion and conversations like this are a waste of time for everybody. If Nigerians spoke in numbers it's likely we would get better government. Do have a good day.

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?

All the ones you have been taking, what solution has it brought for you. You better leave the loanooh.

https://www.youtube.com/watch?v=i8Olf1amJw0

So many things were wrong/vague in the planned loan. Most senators weren't carried along. It was only after this man above raised concerns they started revealing the planned usage of the loan.

Coronavirus and it's financial implications have also set in

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?

Maybe you want to ask yourself how Buhari has improved anything with the money he had borrowed before.

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?

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.

Have you asked yourself why the repentant armed robbers in Nigeria prisons have not been rehabilitated?

Have you visited Nigeria prisons lately to see their living conditions? Have you seen the VIP treatment given to captured Boko haram members?

Does that also sound sensible to you?

DaBogu:
Policies Nigerian can adopt to withstand current economic Turbulence
Fiscal policies
1. Remove subsidy from petroleum products
2. Higher Euro-bond issuance
3. Tax Cut
4. Adjust the budget to reduce wastage Personnel cost for Budget 2020 for MDS's alone is 2.83trn and aggregate expenditure is 2.78trn
Monetary policies
a. Naira Devaluation will make export more competitive and appear cheaper to foreigners which will mean impotrs such as petrol, food and raw material will become more expensive. This will reduce the demand for for imports
b. Hike MPR to 20% to attarcat FPI's reduce LDR to 60%, increase liquidity ratio to 35%-40%
c. Increase allocation to health by at least N200B
d. Use NTB to support FAAC allocations
e. Capital control
d. CBN should limit government financing

If the government remove subsidy from petroleum products. a litre of fuel will sell for 400 naira.I guess you know the resultant effect on the average Nigerian. It will affect the prices of other commodities as well,which will lead to inflation.