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Buhari: Nigeria Needs Loans For Roads, Rail, Power - Politics (6) - Nairaland

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Abia State To Get $125 Million From Islamic Development Bank For Roads / Reps Committee On Works Holds Public Hearing On The Use Of Concrete For Roads / Nigeria Needs Loans For Roads, Rail, Power – Buhari (2) (3) (4)

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Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by mmsen: 10:19am On Sep 16, 2020
jerseyboy:
Buhari, shut up. Nigeria is DEAD.


I don't want to hear another word from Prof. Soyinka. I can recall that he was one of those who tried to paint Buhari as a good presidential candidate.

1 Like

Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by olmoRoc: 10:25am On Sep 16, 2020
No problem. Carry on. Na change people vote for. You can even use me as collateral if you want.

What have all the loans which have been taken till date been spent on? Can you give an account?
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by dalass(f): 10:26am On Sep 16, 2020
agabusta:
Naija is not a rich country. People should stop deceiving themselves otherwise.

No matter the rich resources available, a poor manager will reduce everything under him to a poor and inefficient state!

2 Likes

Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by olmoRoc: 10:26am On Sep 16, 2020
mmsen:


I don't want to hear another word from Prof. Soyinka. I can recall that he was one of those who tried to paint Buhari as a good presidential candidate.

You're right. He was in 2015 , and probably during the run up to last year's election. That man is a snake.
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by WorkTheTalk(m): 10:39am On Sep 16, 2020
Very soon you people will send us all to Senegal on loan
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by donMIG(m): 10:41am On Sep 16, 2020
That man sumtin no dei worry am?
U dei c weitin we dei owe ppl at all?
Them go soon sell this country give u change!!!
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by maximusprime2000: 10:42am On Sep 16, 2020
the Israelite spent 400 yrs in misery in Egypt. can someone help me with Niaja age now. pls any prophet that tells you Nigeria will be great anytime soon , make ur yourself strong and set him on fire...
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by EdiskyHarry: 10:44am On Sep 16, 2020
wonuks:
Buhari is working ooo cheesy!!!
Blame GEJ for this
Blame OBJ for this
Blame NOI
Blame Reno
Blame Yaradua
Who else again
Blame Boko Haram
Blame naira Marley
Blame bobrisky
And blame the world.

2 Likes

Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by Evercurious(f): 10:45am On Sep 16, 2020
This is what you get when you decide to be foolish and sentimental in decision making.. BUHARI IS AN EMBODIMENT OF WASTE, FOOLISHNESS, UNPRODUCTIVITY AND EVERY NEGATIVE WORD IN TERMS OF MANAGEMENT.. Lest I forget, DEVILISH
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by Evercurious(f): 10:46am On Sep 16, 2020
agabusta:
Naija is not a rich country. People should stop deceiving themselves otherwise.

So continuous borrowing without any reasonable / realistic repayment plan is the answer ?
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by Sterlingsolutns: 10:47am On Sep 16, 2020
Sterlingsolutns:
Azura and Osssiomo power plants were constructed and working perfectly without a penny investment by the federal government versus nipp power projects that are beset with so many bottlenecks. Lcc at a time constructed their road and maintaining it before Lagos state took it over from them. Any project that is not economically viable for the private investors to key in to should be deferred otherwise we will run into bankruptcy Dangote and private modular refineries are moving in strides Bua own is coming up strongly while the government refineries are languishing even with all the turnaround maintenance

How can anyone justify additional debt burden? Madam minister just informed us that Federal Government retained revenue between January and May 2020 was N1.48 trillion and debt service was N1.25 trillion. If we continue with this trajectory, in a very short while, debt service will be higher than retained revenue. The government should just make the environment conducive for the private sector to thrive and take the back seat. They should just accept the fact that power has changed hands unlike before when petro dollars still imbue government with strength and they can grand stand


Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by tollyboy5(m): 10:59am On Sep 16, 2020
KingAzubuike:
It's 4:33 AM, while some are still sleeping, shout out to those who are ready up by this time to get to their respective place of work and place of hustle just to make ends meet.
grin grin what of we that have been awake working and just slept around 5:00am Lagos is home of hustle wink
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by Hallabee1(m): 11:02am On Sep 16, 2020
I don't understand this PMB, maybe he should just sell us, the once you borrowed, no result now another one is loading
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by RaphtechSolar(m): 11:26am On Sep 16, 2020
AGNESikpuNNU:
angryGod we no do this man anything and this man said that we are lazy and continue to suffer us. God let this man and his family suffer for 600yrs.

IN PRISON ABI??��
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by Yankee101: 11:46am On Sep 16, 2020
Very very irresponsible man

You want more fx to steal

How much electricity/roads do we have?
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by ufuosman(m): 11:50am On Sep 16, 2020
i blamed OBJ
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by Austino778: 11:52am On Sep 16, 2020
Proverbs 22:7-8 (KJV) The rich ruleth over the poor, and the borrower is servant to the lender.
He that soweth iniquity shall reap vanity: and the rod of his anger shall fail.
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by nogragra: 12:15pm On Sep 16, 2020
iwaeda:

https://punchng.com/nigeria-needs-loans-for-roads-rail-power-buhari/
This is what we are saying, Yoruba ronu what else do you need to begin to take control of your land God has finally taken charge of this affairs. The omoales of yoruba land, Hausa fulani, and Igbos, must take note that they will all be swept away as well by these wind of change moving all over the world. Yoruba can go in peace by first declaring unequivocally that Buhari must be removed as he his running an illegimate government of an expired nonexistent entity called Nigeria, since 2015. All must remember that Nigeria siezes to exist since 2014 exactly 100years of almalgamation facade which was created by the British government for their sole selfish financial gain. By my calculation 6years has lapsed since this amalgamation has long been overdue. Eyin Omoluabi what are you waiting for this is one of the reasons Baba wa Chief Obafemi Awolowo gave us the most important thing, Education. We need it now, we need to send delegates of trusted elders not tinubu o, and a retinue of grounded trustworthy Lawyers to sit with the British Government and argue our sovereignty which is long overdue. Then the positive outcome from this engagement will then move us to UN to submit our sovereign wish for self determination. After UN positive approval, we must begin to put structures in place ton actualise Odua Nation. That the unruly people of the north will not fight, they will want to so me must not kere nitori a ni owon akikanju akonni Okunrin ati Obirin ni ile yoruba. If they try any f..k up, we must be decisive with no mercy. Lobatan, the rest will take wisdom, but this is the only way we can get the Odua Nation without fear or blood letting.
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by joshprime(m): 12:18pm On Sep 16, 2020
The man is intentionally stupid , he has already put the economy in depth that we can't pay for years and still borrowing ,God please what sin have we committed to deserve this man? Please forgive us.
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by Temptee101(m): 1:34pm On Sep 16, 2020
shocked

This country na wa oh.

Everywhere you turn na loan.
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by Temptee101(m): 1:38pm On Sep 16, 2020
Adeevah:
Go and collect it or do you need the loan from Nigerians

He is collecting more than loans from Nigerians through tax.

1 Like

Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by DrMuzungu(m): 2:24pm On Sep 16, 2020
MansoryMX:


Bro daily output of crude oil alone 1.3 million barrels. Even they sell it at $30 which I know is higher that this, that puts it at $39 million dollars, times it by 380 naira. That’s a whooping 14.820 billion Naira. We still generate internal revenue from the likes of custom, immigration, FIRS and so many other sectors. This people are evil!

My friend, those in Aso Rock make more money in one hour than an average Nigerian in a year so. let them bring 9looted) cash for it, rather than raising debts your and my kids will be paying bacjk.
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by agabusta: 3:11pm On Sep 16, 2020
dalass:


No matter the rich resources available, a poor manager will reduce everything under him to a poor and inefficient state!
.


Built2last:
Yoruba elder, Dr. Amos Akingba posted this on a forum I'm on. It carries no attribution. But its message is so stark and troubling:

"Nigeria has a smaller national budget than Algeria, Angola, Egypt, Libya, Morocco and South Africa. All these countries have fewer citizens, yet significantly more money to spend on them. While Nigeria’s 2019 budget amounts to $29 billion, South Africa, with a population almost 4 times smaller, will spend $130 billion. Egypt has a $90 billion budget with 100 million people. Elsewhere, countries like Pakistan, Bangladesh and Vietnam have larger budgets than Nigeria. No one considers these nations “rich”. Yet, among Nigerians, there persists a stubborn myth that Nigeria is a wealthy country. Who planted this idea and why does it survive?

It started with Nigeria’s 1950s pro-independence leaders who needed to mobilize popular opinion against colonialism to push the British out. So, they regularly emphasized Nigeria possessed abundant economic resources being carted away by the British. “Help us drive them out and we will use these vast resources to transform your lives”, was their essential message.

Many Nigerians believed these often exaggerated claims of abundant wealth awaiting distribution and duly mobilized for independence. By 1960, then Governor-General Nnamdi Azikiwe was constructing national pride on the idea that thanks to her resources and population size, Nigeria was already an “African power.” And this was before crude-oil exports really took off in the mid-1960s. By the 1970s, General Yakubu Gowon was telling Nigerians their country’s problem was not money, but “how to spend it”.

Whatever Gowon’s intentions, his words were interpreted by many Nigerians to mean theirs was a rich country, period. Over 20 years later, during my secondary school days, we would often recall Gowon’s famous statement. Anytime someone brought it up, we would all laugh with some delight. It made us feel like part of an exclusive members-only club; the club of rich nations. Sorry, no poor countries allowed.

It also gave us a sense of hope and relief because it meant that all the problems we observed around us – no water, no light, new slums everyday – these were all easily solvable. Nigeria had the money to make all these disappear fast. The minute an honest government took over, it would be farewell problems, hello prosperity. There is great comfort in believing solutions to your problems are within arm’s reach. That all it takes is for X to happen. That’s why demagogues and charlatans will always have followers.

The first time someone challenged my belief I was from a rich country I became agitated. It was a girlfriend of mine who wasn’t Nigerian, one of those annoying types who know things they have no business knowing. I mentioned Nigeria was rich. “No, it isn’t. I checked. It has a smaller economy than some countries with just 5-10 million people like Sweden or Norway and a lower GDP per capita than the likes of Albania, Guatemala or Mongolia which are all considered poor countries,” she retorted. I struggled to contain my anger. What kind of rubbish was this girl telling me? That my entire national self-concept was wrong? Impossible!

I think many Nigerians are still psychologically reluctant to accept Nigeria’s true position in the global pecking order today. Our sense of national self is largely built around the notion that we are a country very rich in natural and human resources, just one good government away from greatness. Some optic illusions further render this belief hard to shake.

In every state, there are a few dozen people (usually involved in politics) who possess such visibly stupendous wealth, we can be forgiven for assuming there is a lot more where that came from. Thing is, there isn’t. If you shared Nigeria’s 8.83 trillion naira national budget equally among Nigerians, each citizen would receive a paltry 45,000 naira or so; hardly enough to keep you in Panadol for the year.
Of course, states have budgets too, but even Lagos, by far Nigeria’s richest city, has a modest 852 billion naira ($2.4 billion) to spend on 15 to 20 million residents this year. For comparison, Johannesburg has double that budget for fewer than 5 million people. And it still struggles to provide basic social services. What we have in Nigeria is a few hundred people looting and squandering such a disproportionate amount of Nigeria’s modest resources that an illusion of plenty is sustained among the populace.

Another factor fuelling this “there is money in Nigeria” belief is that many people pretend to have more of it than they actually do. My friend who runs a crèche in one of the most expensive neighbourhoods in Lagos says she has lost count of the number of parents who drive the most expensive Range Rovers yet struggle to pay their children’s nursery fees on time. Of course, aspirational Nigerians don’t live above their means just because, they do so in response to societal pressure for them to prove they are “somebodies”; worth talking business to, hanging out with and treating respectfully. Raise your hand if you have ever pretended to have more money than you really do so as to be treated respectfully somewhere in Nigeria (my hand is raised high).

But the end result is that when you combine the authentic and visible wealth of a few hundred Nigerians living off the state with the lifestyles of all those trying hard to appear rich, the rest of society can be forgiven for believing there must be a lot of money in Nigeria.

This is bad because it encourages many intelligent people to focus not on thinking of how to create wealth, but on how to corner their own “share” of this fabulous national cake. Either by getting into government or by winning a government contract and then behaving as though the pockets of the state are bottomless.
Another consequence of this illusion is that it diminishes the sense of urgency required to tackle the existential threats Nigeria faces, ranging from mass poverty and unemployment to uncontrolled population growth and growing insecurity. At the back of many minds seems to be the implicit assumption one needn’t worry too much. Things will sort themselves out. There is money in Nigeria.

But Nigeria is not rich. And with its rapidly-expanding population leading to ever scarcer resources, *only a furious national focus on wealth-creation can save the country*. The Nigerian state, currently viewed by many as a fat cash-cow, is actually a very skinny cow in desperate need of some serious grass in order to stay alive. Else, one day, it will simply stop breathing."

1 Like

Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by agabusta: 3:11pm On Sep 16, 2020
lexy2014:


Y then do these politicians fight tooth& nail to get into political office & to remain? Y was buhari so intent on becoming president?

Built2last:
Yoruba elder, Dr. Amos Akingba posted this on a forum I'm on. It carries no attribution. But its message is so stark and troubling:

"Nigeria has a smaller national budget than Algeria, Angola, Egypt, Libya, Morocco and South Africa. All these countries have fewer citizens, yet significantly more money to spend on them. While Nigeria’s 2019 budget amounts to $29 billion, South Africa, with a population almost 4 times smaller, will spend $130 billion. Egypt has a $90 billion budget with 100 million people. Elsewhere, countries like Pakistan, Bangladesh and Vietnam have larger budgets than Nigeria. No one considers these nations “rich”. Yet, among Nigerians, there persists a stubborn myth that Nigeria is a wealthy country. Who planted this idea and why does it survive?

It started with Nigeria’s 1950s pro-independence leaders who needed to mobilize popular opinion against colonialism to push the British out. So, they regularly emphasized Nigeria possessed abundant economic resources being carted away by the British. “Help us drive them out and we will use these vast resources to transform your lives”, was their essential message.

Many Nigerians believed these often exaggerated claims of abundant wealth awaiting distribution and duly mobilized for independence. By 1960, then Governor-General Nnamdi Azikiwe was constructing national pride on the idea that thanks to her resources and population size, Nigeria was already an “African power.” And this was before crude-oil exports really took off in the mid-1960s. By the 1970s, General Yakubu Gowon was telling Nigerians their country’s problem was not money, but “how to spend it”.

Whatever Gowon’s intentions, his words were interpreted by many Nigerians to mean theirs was a rich country, period. Over 20 years later, during my secondary school days, we would often recall Gowon’s famous statement. Anytime someone brought it up, we would all laugh with some delight. It made us feel like part of an exclusive members-only club; the club of rich nations. Sorry, no poor countries allowed.

It also gave us a sense of hope and relief because it meant that all the problems we observed around us – no water, no light, new slums everyday – these were all easily solvable. Nigeria had the money to make all these disappear fast. The minute an honest government took over, it would be farewell problems, hello prosperity. There is great comfort in believing solutions to your problems are within arm’s reach. That all it takes is for X to happen. That’s why demagogues and charlatans will always have followers.

The first time someone challenged my belief I was from a rich country I became agitated. It was a girlfriend of mine who wasn’t Nigerian, one of those annoying types who know things they have no business knowing. I mentioned Nigeria was rich. “No, it isn’t. I checked. It has a smaller economy than some countries with just 5-10 million people like Sweden or Norway and a lower GDP per capita than the likes of Albania, Guatemala or Mongolia which are all considered poor countries,” she retorted. I struggled to contain my anger. What kind of rubbish was this girl telling me? That my entire national self-concept was wrong? Impossible!

I think many Nigerians are still psychologically reluctant to accept Nigeria’s true position in the global pecking order today. Our sense of national self is largely built around the notion that we are a country very rich in natural and human resources, just one good government away from greatness. Some optic illusions further render this belief hard to shake.

In every state, there are a few dozen people (usually involved in politics) who possess such visibly stupendous wealth, we can be forgiven for assuming there is a lot more where that came from. Thing is, there isn’t. If you shared Nigeria’s 8.83 trillion naira national budget equally among Nigerians, each citizen would receive a paltry 45,000 naira or so; hardly enough to keep you in Panadol for the year.
Of course, states have budgets too, but even Lagos, by far Nigeria’s richest city, has a modest 852 billion naira ($2.4 billion) to spend on 15 to 20 million residents this year. For comparison, Johannesburg has double that budget for fewer than 5 million people. And it still struggles to provide basic social services. What we have in Nigeria is a few hundred people looting and squandering such a disproportionate amount of Nigeria’s modest resources that an illusion of plenty is sustained among the populace.

Another factor fuelling this “there is money in Nigeria” belief is that many people pretend to have more of it than they actually do. My friend who runs a crèche in one of the most expensive neighbourhoods in Lagos says she has lost count of the number of parents who drive the most expensive Range Rovers yet struggle to pay their children’s nursery fees on time. Of course, aspirational Nigerians don’t live above their means just because, they do so in response to societal pressure for them to prove they are “somebodies”; worth talking business to, hanging out with and treating respectfully. Raise your hand if you have ever pretended to have more money than you really do so as to be treated respectfully somewhere in Nigeria (my hand is raised high).

But the end result is that when you combine the authentic and visible wealth of a few hundred Nigerians living off the state with the lifestyles of all those trying hard to appear rich, the rest of society can be forgiven for believing there must be a lot of money in Nigeria.

This is bad because it encourages many intelligent people to focus not on thinking of how to create wealth, but on how to corner their own “share” of this fabulous national cake. Either by getting into government or by winning a government contract and then behaving as though the pockets of the state are bottomless.
Another consequence of this illusion is that it diminishes the sense of urgency required to tackle the existential threats Nigeria faces, ranging from mass poverty and unemployment to uncontrolled population growth and growing insecurity. At the back of many minds seems to be the implicit assumption one needn’t worry too much. Things will sort themselves out. There is money in Nigeria.

But Nigeria is not rich. And with its rapidly-expanding population leading to ever scarcer resources, *only a furious national focus on wealth-creation can save the country*. The Nigerian state, currently viewed by many as a fat cash-cow, is actually a very skinny cow in desperate need of some serious grass in order to stay alive. Else, one day, it will simply stop breathing."

2 Likes 1 Share

Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by Nobody: 4:16pm On Sep 16, 2020
mmsen:


I don't want to hear another word from Prof. Soyinka. I can recall that he was one of those who tried to paint Buhari as a good presidential candidate.

I beg, manage am like that. grin
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by revolt(m): 4:41pm On Sep 16, 2020
chidi2pus:
Like it or not, we're all going to pay for these loans via taxes and treacherous inflation which is reduction in buying power.
This problem stems from past administration as well. The inefficiency and mismanagement of borrowed funds is one undefeated hydra in Nigeria.
How can you attract foreign investors when you can't encourage local production and distribution of goods and services across the country?

I wanted to list the common problems the average business owner faces in Nigeria but I'm too exhausted for the long list.
NO YOU WILL NOT PAY WITH TAXES... NIGERIA HAS NEVER PAID BACK ANY LOAN SINCE INDEPENDENCE. CHINA WILL TAKE SOME NATIONAL ASSETS OF THEIR CHOICE ....WE KNOW WHERE THEY'RE HEADED. OIL AND GAS RESERVES.

BUHARI WILL GIVE THE SOUTH AND NORTH AUTONOMY( THATS WHY HE HAS BEEN BUILDING GAS PIPES TO MOROCCO AND NIGER ETC, SO THE NORTH IS INDEPENDENT OF THE SOUTH), THE SOUTH WILL HAVE A NEW MASTER TO GRAPPLE WITH, WHILE THE NORTH FORGES AHEAD.
CHINA WILL BRING IN ITS MILITARY TO PROTECT ITS NEW ASSETS (when they youths start protesting like they're doing in tanzania), UNDER THE GUISE OF DEBT DEFAULT.

YOU GUYS DO NOT KNOW HOW EVIL THIS DULLARDEENS POLICY WILL AFFECT US IN FUTURE.

THE WESTERNERS THAT SCREAMED SAI BABA(SUPPOSEDLY EDUCATED PEOPLE), THEYRE ARE THE ACHILLES HEEL OF THE SOUTH...I SWEAR.

Their leaders were very much alive during this dullardeens first regime in 1983, they knew what they saw and the massive jubilation when he was toppled. They went and championed his return, even using thugs to disenfranchise ppl from voting against him. Like he will ever handover power to them... i dey laff thyfnubu dem.... u na never see anything.... u still have 3 more years. No worry..


Sai baba...mr integrity#
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by ajepako(f): 6:30pm On Sep 16, 2020
enemyofprogress:
The most useless president ever live the.


Dominique I’m back from UK. Give me a very big hug to welcome me back so as to make vickyrotex, ajepako, fatymore, seunmohmoh, funjosh and other enemies of progress to be jealost of me

Alafishe
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by Rosskii: 7:34pm On Sep 16, 2020
agabusta:
Naija is not a rich country. People should stop deceiving themselves otherwise.

USA annual budget: 7.6 Trillion dollars

Germany: 2.1 Trillion dollars

UK: 1.6 Trillion dollars

France: 1.7 Trillion dollars

Brazil: 786 billion dollars

South Africa: 125 billion dollars

Nigeria: 35 billion dollars


Our number 1 issue to face in the country is economic diversification to increase govt revenues.

The oil and gas income is grossly insufficient for a nation of 200 million people, even without corruption.

.

1 Like

Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by jspinsight: 8:56pm On Sep 16, 2020
according to Donald Trump: " Tell me one nationa governed by a black man that is not in a mess"...SMH
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by enemyofprogress: 9:15pm On Sep 16, 2020
ajepako:


Alafishe
i boughted some things for you from London, nice g strings, shoes, perfumes and iPhone, when will you come and collect them or should I bring them to your place when I go to drop Vickyrotex own
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by FarDowza: 9:27pm On Sep 16, 2020
Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by Okoroawusa: 10:50pm On Sep 16, 2020
I love you Buhari.
Keep up the good work.
Wailers keep wailing

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