₦airaland Forum

The loan is for the Ruga programme .acquiring 100 000 hectares in each state .the administration is bent on compensating their brothers from another country causing mayhem in nigeria that was the bargain for killing nigerians.now its the great imperative programme. Every year you make budget for mambilla power that its never completed.its well

YouAreFinished:
Now we have to start fixing the properties ipob destroyed during this protests

China has exhausted the loan Quota for West Africa on Nigeria. Now we shift to Brasil.
Plenty debt. Nothing to show.
And ogbeni here is diverting focus to ipob.

Very good one by Buhari. At every opportunity, we borrow. Any country that want to lend money Nigeria will indicate interest to take. God is watching.

Nigerian politicians are totally useless

Like seriously..

OMG!!!

We have been enslaved to all continent in the whole world

See what IPOB lead us to now.

Officialhorlah:
https://punchng.com/fg-seeks-fresh-1-2bn-loan-from-brazil/

O boy, I love US election.... What I learned from all this is don't brag and destroy another person image like cnn did to trump all because of election, you might be driving more sympathizer his way.

Now see cnn wey openly say that "according to poll, trump chances of reelection is zero and binding chances is 98%" ...... Now the same cnn is struggling to analyzed election results coming in because trump is about to Bleep them again...... Infact from electoral college votes heading his way, trump is 85% set for white house return.... I love it seeing how cnn is trembling...... Their propaganda is hit back at their face hard.......
.. Mr President, the God of innocent will judge you fairly........ Ride on, ... No media judgement or intimidation, propaganda will frustrate you.

I love it, how trump is painting US red, they manufacture pandemic and racial lies just to tarnished trump image....... But what they can not lie about was America economy growth under trump before the pandemic....... Trump is the best for America especially now.

This is too much even we IN t he are feeling it

China don cast

Borrowing without no plans to pay back is an attribute of a real debtor... This administration sold out Nigeria's future in the present.

I have predicted that soon enough we will ask Rwanda and Botswana for a loan.

I was laughed at and ridiculed.

That day will soon come.

to buy garri and sugar for elections campaigne

The Federal Government is seeking a $ 1 .2 bn external borrowing from China to finance agricultural programmes in the 2021 budget . A request for approval has also been transmitted to the National Assembly .

The Minister of Finance , Budget and National Planning, Zainab Ahmed , who appeared before the House of Representatives Committee on Finance in Abuja on Tuesday to defend the budget proposed by her ministry , made this known .

Ahmed disclosed that the Federal Government sent a request to the National Assembly to approve the loan from the Brazilian government to address issues in the agriculture value chain as Nigeria .

Ahmed also said the Federal Government would acquire 100, 000 hectares of land in each state for food production, adding that link roads would be built in such locations to provide access for farmers to move farm produce to markets and reduce post-harvest losses .
Chairman of the committee, Mr James Faleke, had asked the finance minister about diversification of the economy.

Responding, Ahmed said, “For borrowing to improve industry, we are before the parliament. I request for the approval for loan that we call the Green Imperative Programme which is for loan of $ 1 . 2 bn from the Brazilian government .

“ It is a programme that is addressing the whole of agricultural value chain from mechanisation, production , processing and selling. It is meant to lend to businessmen for tractors , plants at all levels. ”

Zainab also faulted the Minister of Power, Sale Mamman on why the 3 , 050MW Mambilla power project was not captured in the 2021 budget .

The finance minister stated that Mamman did not include the project in the submission made to her ministry for 2021 budget.

The finance minister also told the committee that the executive might forward a supplementary budget to the National Assembly to provide for new salaries in the ongoing reform of the Nigeria Police Force.

Ahmed also stated that the Federal Government was still bent on the enrolment of all workers on the Integrated Payroll and Personnel Information System, including members of the Academic Staff Union of Universities, while the University Accountability and Transparency Solution proposed by the university lecturers undergoes verification by experts .

Giving updates on the 2020 budget implementation from January to September , Ahmed said, “ As of the end of Q3 2020, FGN’ s revenue available for budget funding ( excluding GOES) was N2 . 83 tn, 70 per cent of target .

“ FGN share of oil revenues was N1 . 20tn (representing 158 per cent performance , over and above the prorated sum in the revised 2020 budget ) while non- oil tax revenues totalled N927 .47 bn (76 per cent of revised target) .”
https://punchng.com/fg-seeks-fresh-1-2bn-loan-from-brazil/


I told you people that Buhari still has that RUGA agenda. They have changed RUGA name to Green Imperative Programmer! There you have it! He wants to make sure he strategically positioned his Fulani herdsmen before living office. Buhari! You lie! Your plan will never work! Fulani herdsmen are disrupting farmers in the south a lot lately and I know the motive behind it. God! We really shot ourselves in the leg by allowing these people into the presidential hall of fame in Nigeria. At this moment! Only God can save the us from these people!

flemsy15:
I didn't actually read it... But my question is what plans does the present government has in terms of how to pay back or are they incurring these debts for future government?

No plans to pay back... No tangible plans to pay back... They have never provided any reasonable framework that could be used to pay off the endless loans. And that's what makes the whole thing very scary... The rate they are borrowing, without thinking twice about difficulties in repayment, it's either they are daft to the marrows or they have a very sinister agenda regarding the future of the country...

Those countries should stop giving them loans na. What’s the meaning of the rubbish loan which has no positive impact on the citizens

I don't have any problems with all these borrowings, my only grouse is with how and what they are being utilised for! If I where the govt I would use them strictly to build solid infrastructure and institutions that would stand the test of time.

Is Brazil that rich too? Why is buhari Led federal government body shaming us?

Dear Brazil, give them loan at your own risk oo, we no get president

Anyway na only when bubu wan collect loan he they show for camera, Mr Terminator

Person go wear white agbada wey dry cleaner starch with fufu starch, enter private jet just to go collect loan
Chai kalitus ooooooo

Lights up my kpoli in peace

bencr7:
no I am talking about ur own brain, u called me ipob go trough all my comment on nairaland u will see that I am against anything ipob

Turkey's also can't type...why so dull

thatsleepboy1:
The most painful part of the whole thing is that the money borrowed will be given to their northern brothers and the rest will be looted and the rest of the country will pay for it. OH God of mercy kindly save us someday.

"...and the rest of the country will pay for it." Emmh! Not the rest of the country but rather a small part of the country will pay for the whole country.

God!! what have we done as a country to warrant this kind of stupidity and carelessness??

this country will soon be seized by those we owe pretty soon...

I just pray it is seized by a reasonable country, and not brazil that will later turn us into sugar cane farm slaves...

I am totally weak right now....

YouAreFinished:
You see,even you realise how ipob could be diabolical

stop justifying your chronic stupidity please.

Moferere:
Loans everywhere, they have finished this country

you will soon have sense

of what profit shall it be to a country if they BORROW to LOOT?



they are just killing this country gradually, so that when it later happens, they will flee to other developed countries and leave us here to be slaves to those they've sold us to...

we are all like collaterals in the hands of this politicians.

be wise my people...

Moferere:
Loans everywhere, they have finished this country

Why did we vote Buhari 2 times at all?
Why?

All the loans borrowed so far and Abacha loot recovered, what did dey do with it? Na wao for this govt

amaham:
Brazil Kwa? Like our borrowing limit from China has exceeded, time to port to Brazil.

Borrowers syndrome disease (BSD)

BlackfireX:
We will soon borrow from HELL FIRE.



just watch

we already done that sir!

Buhari

Lai Muhammed

Fashola

Tiefnubu

Orji Uzo Kalu

Dino Melaye

Wike

Governors

All the ministers, commissioners, LG chairmen, councillors, Representatives etc

are all from HELL FIRE.

Buhari don kill this country

uunwanaobong3:
O boy, I love US election.... What I learned from all this is don't brag and destroy another person image like cnn did to trump all because of election, you might be driving more sympathizer his way.

Now see cnn wey openly say that "according to poll, trump chances of reelection is zero and binding chances is 98%" ...... Now the same cnn is struggling to analyzed election results coming in because trump is about to Bleep them again...... Infact from electoral college votes heading his way, trump is 85% set for white house return.... I love it seeing how cnn is trembling...... Their propaganda is hit back at their face hard.......
.. Mr President, the God of innocent will judge you fairly........ Ride on, ... No media judgement or intimidation, propaganda will frustrate you.

I love it, how trump is painting US red, they manufacture pandemic and racial lies just to tarnished trump image....... But what they can not lie about was America economy growth under trump before the pandemic....... Trump is the best for America especially now.

I predicted Trump was going to win, so I am not surprised.