₦airaland Forum

chiefolododo:
A misled mind

somehowpenis:
I don't know how he does it, but I have a reseller who sells me Etisalat unlimited data for 5k a month.. he used to sell it for 8 but dropped to 5k , my usage currently now after checking is 83Gb and I have only spent 2weeks on my new sub.. I don't know if you would need that but that's mine... and my speed is at 20mbps.. the 56Gb usage was last week..

Ymodulus:
I have no social media account, Just Nairaland

richidinho:


I salute your stewp!dity oh! Lagos APChit

Izonpikin:
Idiots...it's time to arrest gej but leave tinubu...fools...

Cortana2:
Dependence on petrodollar is a thing of the past in this country, methinks.

phreakabit:
Afonja nation should have chosen a smarter Yoruba man to pull this act off.
This guy is just plain dumb! Even a monkey would have given this a better attempt.

swagifted:
dangote's refinery is planning to swallow a very large stake in the crude extracts in nigeria... Thr future looks bright to me...

modath:
Good news all the way... I nor dey lie to masef, we don't have any other thing going for us presently.. I'm a firm believer of taking care of the here and now, if you are not alright today, how do you have the mental strength and resilience to be alive for tomorrow?


To diversify needs gazillions of cash which we have no access to at the moment and time to develop which is almost 20+yrs too late...

For goodness sakes, we don't even have stable power supply, how are we then supposed to leap start the race to full economic dependence in 10yrs (give or take)?

mrvitalis:
Please say what u know.. fulanis attack hausas more than any tribe in Nigeria

LordAdam:
Income generating projects/infrastructure are another way to siphon money. Who would give out the contract, who would carry out the contract, who would supervise?

Before you invest so much in infrastructure, you first ensure there is accountability.

The cankerworms are still in government and even the government is headed by a man who can't see beyond his nose.

That is why we have nothing to show for the N11.3T already released. It is exactly why we will have nothing to show after borrowing the N9T.

I only sound an alarm when shi* is about to hit the fan.

I did it before the election. When Buhari started his selective anti-corruption campaign. When he delayed ministers for 6 months. And during the budget fiasco.

It is happening again. We would regret giving this man the opportunity to borrow this much.

-Lord

FLYFIRE:
Zombies like this have SOLD their souls...and it WILL NOT be well with them. Let all well to do Nigerians STOP giving whatsoever help rendered to any known person that voted these IDIOT.S into power so that they will suffer & have their brains reset before 2019.

LordAdam:
You can't even remember what you type. No wonder you are able to tell yourself lies so you can sleep well at night.

-Lord

Akkotto:
Arithmetically remove 30b from 90b dollars you will still have 60b dollars so then why is buhari borrowing, what happen to the 90billion recover from Gej and his Govt, unless somebody is being economical with the truth.

PapaBrowne:
It is finished!!
The country is officially killed. Buhari has done it.

9.6 trillion Naira loan.

[size=13pt]
Before we even start discussing, I have just 7 questions.[/size]

1)Where is all the Subsidy savings?? Jonathan was said to have been paying hundreds of billions on subsidy.In 2013. There is supposed to be no more subsidy since the new price of N145. So where are all the subsidy savings?

2) Where is all the corruption savings? Since the previous government is accused of being terribly corrupt, and it is said that this government is corruption free, where are all the savings that should accrue from the new corruption free system?

3) Where is all the recovered loot? Why are we borrowing $10billion for reccurents when the government has boasted of recovered funds of $9 billion?

4) Where is all that 3 Trillion said to be locked up in the TSA account. Abi is the account under lock and key?

5) This government has borrowed N2.2 Trillion in the last one year. Where is that money, what was it used for and who was it given to.

6) The N9.6 Trillion in question, who are you borrowing it from. What are you using as surety. You aren't even certain anybody will give that money so why are you making plans deceiving yourself about it?

7) Finally, what the heck is your payment plan. Already we are paying almost 1 trillion for debt servicing on the meagre debt we have. If you add a gargantuan 9.6 Trillion, who is going today for that?

Buhari doesn't care because when the country crumbles he'll be too old or gone to face the consequences.

My gut feeling tells me the greatest heist in the history of Nigeria is currently going on right now under our very nostrils and except we start asking the right questions, we would not have a country to call ours in a few years from now.

LordAdam:
You said oil is trading at $20 pb and you're saying someone else's facts is irrelevant.

Yours is so untrue, it is so unbelievable. Oil has never sold for $20 pb since Buhari became President.

Current oil price is around the $50 pb price.

In fact, the current price is higher than the benchmark of the 2016 budget.

I have more hate for Buharists than the man himself.

Please tell us what Buhari has used the 11.3T naira he has already received since May 2015 for, then we can start discussing on how he intends to use the additional $30bn loan (minus the $45b earnings we'll make in the next two years).

You can't keep throwing money at a cash cow hoping for a turn around. We did the same for Nigeria Airways, Delta Steel, the Refineries, PHCN, what did we get out of it. The APC-led government is like every of those failed establishments. Nothing to show for the mammoth amount of money invested, but the idi.ots in charge are asking for more. Each time promising that the new minted cash would be better used than the previous, while showing zero signs that it would in fact be the case.

The best time to be a corrupt politician is now. The competition is lowest ever and the largesse is the highest ever. Yummy!

-Lord

LordAdam:
You said oil is trading at $20 pb and you're saying someone else's facts is irrelevant.

Yours is so untrue, it is so unbelievable. Oil has never sold for $20 pb since Buhari became President.

Current oil price is around the $50 pb price.

In fact, the current price is higher than the benchmark of the 2016 budget.

I have more hate for Buharists than the man himself.

Please tell us what Buhari has used the 11.3T naira he has already received since May 2015 for, then we can start discussing on how he intends to use the additional $30bn loan (minus the $45b earnings we'll make in the next two years).

You can't keep throwing money at a cash cow hoping for a turn around. We did the same for Nigeria Airways, Delta Steel, the Refineries, PHCN, what did we get out of it. The APC-led government is like every of those failed establishments. Nothing to show for the mammoth amount of money invested, but the idi.ots in charge are asking for more. Each time promising that the new minted cash would be better used than the previous, while showing zero signs that it would in fact be the case.

The best time to be a corrupt politician is now. The competition is lowest ever and the largesse is the highest ever. Yummy!

-Lord

LaClicKLaBenDin:
And I'm not obligated to paste it here...

LaClicKLaBenDin:
Lol scroll up....

LaClicKLaBenDin:
Well, thanks for the compliment. I'd rather not argue with you; you're just too 'intelligent'.

But unfortunately, you haven't been able to answer a very basic question I asked, and you have kept beating about the bush...Oh I guess you have accepted that given the current exchange rate, the difference in earning through crude (price per barrel) when GEJ was in government and now isn't really that much, right? That reminds me, that's even all what this argument is about and as intelligent as you are, you haven't managed to prove me wrong, I mean counter my view with facts and figures without digressing and attacking my below average thinking.

LaClicKLaBenDin:
Lol.. reputation? Brother, I do not have a reputation, talk less of polishing it; I just try as much as I can to think outside the box and see things the way they are and not the way they're presented to us.

No one knows me on nairaland, so, where's the reputation?
Sorry, if I got your nerves bro, I just wanted you to see the issue from my own perspective, having seen yours.

Have a nice day.

LaClicKLaBenDin:
That's the problem with intelligent people like you; you have always emphasized crude price, forgetting exchange rate, now I have reminded you of exchange rate and instead of reconciling that, you've jumped to Jonathan's debt. Wow! So, all the obligations the government of GEJ had to meet was in naira?

OK, let me do a simple maths for you, I'm going to do it in a way that silly and unintelligent people like myself can understand; now, if last year I was being paid $100 as salary, at an exchange rate of 180 naira to $1, which amounts to 18,000 Naira. This year you're employed in the same company and being paid $50 at an exchange rate of 350 Naira to $1, which makes your salary 17,500 Naira, (35000 divided by 2), now would you really complain that I was earning more than you, even though my salary was $100 and yours $50?

bilulu:
Read n understand my statement.... We ve been importing and yet d naira was stable cuz of d policies on ground but dis administration lacks policies n dey don't act proactively dats their major problem