Dear Nigerian Youths,

The state of the nation today is that our future is being mortgaged by our current leaders. There is no further testimony to this than the ongoing probe of the Niger Delta Development Commission and the ongoing investigation of the immediate past Acting Chairman of the Economic and Financial Crimes Commission into the re-looting of the recovered loot by corrupt leaders. To make matters worse, not only are the current resources of government being pilfered away, loans and more loans are being advanced by international institutions which our generation is expected to pay in years to come.

This is a coordinated attempt, whether deliberate or not, to rig us into more poverty and penury even as we are currently the poverty capital of the world.

To this end, we at Raising New Voices Initiative have decided to put a plan of action in place to dissociate ourselves and our generation from this recklessness.

We must do everything in our power to ensure that the current government, and subsequent ones, become severely restricted in their capacity to borrow and in the case that they continue to advance these loans and these institutions continue to lend them, we must dissociate ourselves from any future obligations that drive us into further poverty. We need to make it abundantly clear that any foreign lender which chooses to continue to support any Nigerian government in the financial mortgaging of the future of its youth, would be held responsible for its actions, does so at its own risk and should consider such loans as grants l

The attached letter and petition has been drafted and we require you, as an interested citizen, to

1. Sign this document by going to /endcripplingloans and inputting your name and email.
2. Share this document with as many young Nigerians as possible both in Nigeria and the diaspora. We plan to get 1 million signatures because it shows the lack of legitimacy of this current government to borrow more money in our names.
3. Join us in submitting this letter to the Ministry of Finance Budget and National Planning on a future day that we will choose and announce.

Our future lies in our hands, whether as a poverty-stricken black nation or as a prosperous giant of Africa. It all depends on what we do today. Sign this document right now and share!

We Don dey pay gbese since I was born....... Am sure even before them born my late papa

laugh

We have thiefs and dull heads in the form of politicians as leaders in Nigeria

they have no shame

When he is sick he runs to the UK or USA for treatment

when its time to educate his children he send them abroad to study

Now Nigeria (a nation) is borrowing from another nation using the future of the youths and their children to be.

If china kept borrowing from the USA and not look inward, will it be where it is today?

If leaders of the nations abroad are dullhead and thief like many of our politician, will they have great universities and health institution to run to when you are sick?


Nigeria need to look inward and empower it young people (not through the fruitless Npower program). We need to create systems for betterment.

Instead of taking loan, let look at countries of the world and compile succesful systems they have created and see how we can imcorporate them here!

lets gather ideas, lets engage the Nigerian youths, the Intelligent ones and gather ideas

I have seen ignorance displayed by Nigerians severally but not so foolishly.
Like I can understand when you jump up and down and rattle about government policies and I can deal with political prejudice; but this, this beats me like how in the world can't you understand the simple details of a loan?

Like how can y'all look yourself in the mirror and be brazenly ignorant and loud, wa wu!!

First, the money meant for the project will be paid DIRECTLY to the contractors and not to Buhari nor Amaechi neither NDDC or EFCC and Nigerian would only provide counterpart funding.

The "sovereignty" here is a big word for "collateral". And it is even a simple one, if Nigeria can't pay back the Chinese will takeover the asset until they recover the money. They can't take the asset back to their country or take over Aso Rock.

If you, you, you borrow somebody money won't you ask for collateral. If the person can't pay through shortcomings won't you find a means of recovering your cash.

Let us sit and think. I hate to go this route trust me, but we need to instill the truth to people.

Too bad



Na thesame youths dey vote bad leaders and politicians




las las ....

UncleAyo:
We have thiefs and dull heads in the form of politicians as leaders in Nigeria

they have no shame

When he is sick he runs to the UK or USA for treatment

when its time to educate his children he send them abroad to study

Now Nigeria (a nation) is borrowing from another nation using the future of the youths and their children to be.

If china kept borrowing from the USA and not look inward, will it be where it is today?

If leaders of the nations abroad are dullhead and thief like many of our politician, will they have great universities and health institution to run to when you are sick?

Do you know that the USA is in debt?

The citizens even complain about it's indebtedness. I am not defending politicians but borrowing is not at all bad especially with little interest rates.

You can easily criticize government officials from the comfort of your homes but believe you me even if you are put there you won't build anything with the system we have in place ( top to bottom corruption).

I understand your concern but this loan is not in the least bad at all as the money will be paid directly to contractors.

UncleAyo:
We have thiefs and dull heads in the form of politicians as leaders in Nigeria

they have no shame

When he is sick he runs to the UK or USA for treatment

when its time to educate his children he send them abroad to study

Now Nigeria (a nation) is borrowing from another nation using the future of the youths and their children to be.

If china kept borrowing from the USA and not look inward, will it be where it is today?

If leaders of the nations abroad are dullhead and thief like many of our politician, will they have great universities and health institution to run to when you are sick?


Nigeria need to look inward and empower it young people (not through the fruitless Npower program). We need to create systems for betterment.

Instead of taking loan, let look at countries of the world and compile succesful systems they have created and see how we can imcorporate them here!

lets gather ideas, lets engage the Nigerian youths, the Intelligent ones and gather ideas

And where was your papa?

Ehiscotch:
I have seen ignorance displayed by Nigerians severally but not so foolishly.
Like I can understand when you jump up and down and rattle about government policies and I can deal with political prejudice; but this, this beats me like how in the world can't you understand the simple details of a loan?

Like how can y'all look yourself in the mirror and be brazenly ignorant and loud, wa wu!!

First, the money meant for the project will be paid DIRECTLY to the contractors and not to Buhari nor Amaechi neither NDDC or EFCC and Nigerian would only provide counterpart funding.

The "sovereignty" here is a big word for "collateral". And it is even a simple one, if Nigeria can't pay back the Chinese will takeover the asset until they recover the money. They can't take the asset back to their country or take over Aso Rock.

If you, you, you borrow somebody money won't you ask for collateral. If the person can't pay through shortcomings won't you find a means of recovering your cash.

Let us sit and think. I hate to go this route trust me, but we need to instill the truth to people.

Hi sir, Mr. Intelligent. what we are saying is this.... both Nigeria and china are a Nation, China could look inward and become lenders to other nations. If not to nations, why can't Nigeria become lenders to other African country (With all the wealth and natural resources).


Mr. Rotimi Amechi lied about his loose explanation of the "sovereignty" clause. it is more dangerous than the collateral he called it.

[quote author=Ehiscotch post=92425228]I have seen ignorance displayed by Nigerians severally but not so foolishly.
Like I can understand when you jump up and down and rattle about government policies and I can deal with political prejudice; but this, this beats me like how in the world can't you understand the simple details of a loan?

Like how can y'all look yourself in the mirror and be brazenly ignorant and loud, wa wu!!

First, the money meant for the project will be paid DIRECTLY to the contractors and not to Buhari nor Amaechi neither NDDC or EFCC and Nigerian would only provide counterpart funding.

The "sovereignty" here is a big word for "collateral". And it is even a simple one, if Nigeria can't pay back the Chinese will takeover the asset until they recover the money. They can't take the asset back to their country or take over Aso Rock. [\qoute] so indirectly you support the government to continue borrowing right

XXXXTENTACION:
Too bad



Na thesame youths dey vote bad leaders and politicians




las las ....

Bad leaders, Bad leaders, Bad leaders............Han Han what about ....Bad populace! Your idiotic neighbour who borns every year nko?

NkemChukwudi:


And where was your papa?

I 'm disappointed by your comment, but you are an average Nigerian youth anyways

I am Yoruba, omoluwabi and I will not disrespect your parent for any reason. that's how we are brought up here. peace....

I know you're still a kid... atleast mentally

I read a post of a fool here, go and read the article of Paul Alaje and see that we are heading for dooms day with the senseless borrowing. If you are not a student of international economics don't defend what you don't know

UncleAyo:


Hi sir, Mr. Intelligent. what we are saying is this.... both Nigeria and china are a Nation, China could look inward and become lenders to other nations. If not to nations, why can't Nigeria become lenders to other African country (With all the wealth and natural resources).

Have you read anywhere that China didn't borrow or need any form of intervention to get to where they are today?

Ehiscotch:


Have you read anywhere that China didn't borrow or need any form of intervention to get to where they are today?

Please, educate me... I like to learn from you about the how many country did china borrowed from and what kind of project they use the money got for. please, go ahead

Ehiscotch:


Do you know that the USA is in debt?

The citizens even complain about it's indebtedness. I am not defending politicians but borrowing is not at all bad especially with little interest rates.

You can easily criticize government officials from the comfort of your homes but believe you me even if you are put there you won't build anything with the system we have in place ( top to bottom corruption).

I understand your concern but this loan is not in the least bad at all as the money will be paid directly to contractors.

America 's debt is different from nigeria's debt nigeria has accumulated so much debt that cannot be paid in years to come

despite the huge debt and massive borrowings they is nothing to show for it nigeria is still underdeveloped, unemployement is increasing, nigeria still has bad roads, and the citizens are suffering from poverty.

IMF careless how you make use of the loans.

International Monetary Fraud

Lazy youth...


Your mets over the centuries figured out how to take their homeland(s) back....

You want to write to other people answering their papa name yet you ascribe NIGERIA to the end of your letter accepting being a slave, a conquerors people, a nationless nation, and a NIGGER


Rubbish

NkemChukwudi:


Bad leaders, Bad leaders, Bad leaders............Han Han what about ....Bad populace! Your idiotic neighbour who borns every year nko?

So you support the leaders right

Ehiscotch:


Do you know that the USA is in debt?

The citizens even complain about it's indebtedness. I am not defending politicians but borrowing is not at all bad especially with little interest rates.

You can easily criticize government officials from the comfort of your homes but believe you me even if you are put there you won't build anything with the system we have in place ( top to bottom corruption).

I understand your concern but this loan is not in the least bad at all as the money will be paid directly to contractors.

I understand your opinion too, but we as citizen don't know the many loan this government has taken and will still take whose method of delivery may not be like the china's.
Also this current government has recently engage in reckless and unecessary spending and cannot be trusted for any single thing.

XXXXTENTACION:
So you support the leaders right

Look my brother we are nothing but a set of foolish ignorant bad bad people.
Generation after generation we continue to point at bad leaders. From the presidency to the local government councillors, all public institutions and private sector organisations. We are just bad bad people!

This issue is way beyond leadership.

UncleAyo:


I 'm disappointed by your comment, but you are an average Nigerian youth anyways

I am Yoruba, omoluwabi and I will not disrespect your parent for any reason. that's how we are brought up here. peace....

I know you're still a kid... atleast mentally

I apologise! I am very sorry for my rudeness.

The point I was trying to make is that our parents are complicit in the suffering going on. Just look around you and see the number of children we are still blindly or selfishly bringing into the world. To share this miserable life that we have created for ourselves?

NkemChukwudi:


I apologise! I am very sorry for my rudeness.

The point I was trying to make is that our parents are complicit in the suffering going on. Just look around you and see the number of children we are still blindly or selfishly bringing into the world. To share this miserable life that we have created for ourselves?

You are correct for that, and that (apart from incessant rigging of elections) they have contributed to the continued election of our current leaders.

Apologies accepted!

UncleAyo:


I understand your opinion too, but we as citizen don't know the many loan this government has taken and will still take whose method of delivery may not be like the china's.
Also this current government has recently engage in reckless and unecessary spending and cannot be trusted for any single thing.

Every loan has to go to the NASS for approval, and China won't borrow you money without you request going through due process.

Listen forget all these economists and technocrats who are deceiving you that Nigeria can look inwards and progress without borrowing. They are trying to sound astute and intelligent. Bro, you need money to develop your economy and not with the recurrent expenditure and the kind of citizens who engage in low and high level corruption. But with these kinda long term loans we can progress a little.

Even Dangote refinery is being built with loans and counterpart funding, I think.

What I am saying is, borrowing from China is not bad but I am against excessive borrowing.

Keep in mind that these funds are not going through government or any ministry but directly to the contractors.

Ehiscotch:
I have seen ignorance displayed by Nigerians severally but not so foolishly.
Like I can understand when you jump up and down and rattle about government policies and I can deal with political prejudice; but this, this beats me like how in the world can't you understand the simple details of a loan?

Like how can y'all look yourself in the mirror and be brazenly ignorant and loud, wa wu!!

First, the money meant for the project will be paid DIRECTLY to the contractors and not to Buhari nor Amaechi neither NDDC or EFCC and Nigerian would only provide counterpart funding.

The "sovereignty" here is a big word for "collateral". And it is even a simple one, if Nigeria can't pay back the Chinese will takeover the asset until they recover the money. They can't take the asset back to their country or take over Aso Rock.

If you, you, you borrow somebody money won't you ask for collateral. If the person can't pay through shortcomings won't you find a means of recovering your cash.

Let us sit and think. I hate to go this route trust me, but we need to instill the truth to people.

Are you sure u can read at all? The objective of the author’s protest is for dis government to reduce the rate at which they're taking loans because d future of d next generation is being mortgaged. Wetin concern sovereignty inside?

NkemChukwudi:


I apologise! I am very sorry for my rudeness.

The point I was trying to make is that our parents are complicit in the suffering going on. Just look around you and see the number of children we are still blindly or selfishly bringing into the world. To share this miserable life that we have created for ourselves?

Low level corruption is low key the worst. All we see are the heads of the food chain. But if you remove ghost workers and weed out unproductive civil servants we won't be borrowing like this.

olisaEze:


Are you sure u can read at all? The objective of the author’s protest is for dis government to reduce the rate at which they're taking loans because d future of d next generation is being mortgaged. Wetin concern sovereignty inside?

My issue is not in particular with the author but the general assumptions of Nigeria when they hear "loan". The recent outcry might jeopardize things.

NkemChukwudi:


Look my brother we are nothing but a set of foolish ignorant bad bad people.
Generation after generation we continue to point at bad leaders. From the presidency to the local government councillors, all public institutions and private sector organisations. We are just bad bad people!

This issue is way beyond leadership.

So what do you think is the best solution to solve nigeria's problems

Ehiscotch:


Every loan has to go to the NASS for approval, and China won't borrow you money without you request going through due process.

Listen forget all these economists and technocrats who are deceiving you that Nigeria can look inwards and progress without borrowing. They are trying to sound astute and intelligent. Bro, you need money to develop your economy and not with the recurrent expenditure and the kind of citizens who engage in low and high level corruption. But with these kinda long term loans we can progress a little.

Even Dangote refinery is being built with loans and counterpart funding, I think.

What I am saying is, borrowing from China is not bad but I am against excessive borrowing.

Keep in mind that these funds are not going through government or any ministry but directly to the contractors.

I believe in borrowing money to do (business) national projects too but considering the way Nigeria is spending money, e.g 64billion for fencing a university, primary school student home feeding program, Npower and other on-paper project... I think it is better to start spending the little we think we have properly first before looking outside.

and wait, what do you think is preventing us from becoming the manufacturing and tech center for other African country. why the waste of manpower (human resources) of the teeming young and smart population of Nigeria.

The Nigeria I look forward to is a country where we train people and build factories to produce:
large quantity of footware and cloths for young adults
automobile
tech-products
processed foods
high quality home and office products among others and export them to other african countries, atleast

Ehiscotch:


Do you know that the USA is in debt?

The citizens even complain about it's indebtedness. I am not defending politicians but borrowing is not at all bad especially with little interest rates.

You can easily criticize government officials from the comfort of your homes but believe you me even if you are put there you won't build anything with the system we have in place ( top to bottom corruption).

I understand your concern but this loan is not in the least bad at all as the money will be paid directly to contractors.

How much do you think is USA debt and how much is their revenue in a year. Their revenue to debt ratio is not as worse as Nigeria's

XXXXTENTACION:
So what do you think is the best solution to solve nigeria's problems

We consume only what we produce. Anything we cannot produce we do not consume. It will be difficult but there is no way around it.
The huge population is largely useless.

UncleAyo:


I believe in borrowing money to do (business) national projects too but considering the way Nigeria is spending money, e.g 64billion for fencing a university, primary school student home feeding program, Npower and other on-paper project... I think it is better to start spending the little we think we have properly first before looking outside.

and wait, what do you think is preventing us from becoming the manufacturing and tech center for other African country. why the waste of manpower (human resources) of the teeming young and smart population of Nigeria.

The Nigeria I look forward to is a country where we train people and build factories to produce:
large quantity of footware and cloths for young adults
automobile
tech-products
processed foods
high quality home and office products among others and export them to other african countries, at least

Where will the CAPITAL come from?