₦airaland Forum

Kemistri4:
Number two citizen where?

Lmao

pacespot:
Then who recognize this temitope ajayi self? First time I'm hearing that name. Anything is for sale in today's world

otipoju:
You be insider. It's hard for men to forgive cheating.
*****, Hard to remove the image of someone else drilling your wife and she moaning in response*****

If this is true about Annie, then it might just be all over.

SLAP44:
He has also been caged intellectually.

Beebah2000:
I no understand why this one just dey wear bikini this days ooo.
She dey look for husband ni?
Abi, she wan show us her expired body??
Wetin she wan show us way we never see before?? Mtchewww.........

pepperdemzombie:
No, Peruzzi.

sapientia:
$62m for solar power at the NASS complex

NewFolm4:
https://punchng.com/4-9bn-fresh-loans-buhari-osinbajo-zones-get-highest-project-allocations


1. The only project peculiar to the South-West is the Lagos-Ibadan railway modernisation project (Apapa-Tin Can Island Ports Project) - repeated
2. while the two that are peculiar to the North-West are the Kaduna Bus Rapid Transport Project and the

3. Kano-Katsina-Jibiya-Maradi Rail Line - - ROI non-existent - poor utilisation except to move cows and other minimal produce --- white elephant project.

Apart from the North-West and South-West that have 13 projects each, 11 projects each were allocated to the North-Central, North-East and South-East while 10 projects were allocated to the South-South...

4. 56 projects in total according to this - incorrect

5. Curiously, however, the provision of 17 megawatts hybrid solar power infrastructure for the National Assembly complex which is to be funded with the $62,120,000

- - - - - over bloated project: the innermost secrets of the Chambers will be known in Beijing b4 passing laws.... Though they should have learnt from Aso fiasco!!




6. the $750,000,000 World Bank’s facility for State Fiscal, Transparency, Accountability and Sustainability Programme for Results: - - White elephant project.. These should be driven statewide.. As Fed govt, you lay down directives or targets and the states strive to meet requirements.

7. the $400,000,000 Nigeria COVID-19 Preparedness and Response Project – aka Banditry payments

8. $700,000,000 Agro-Climatic Resilience in Arid Zone Landscape Project - - - aka banditry payments 2.0

9. the $700,000,000 Nigeria Sustainable Water Supply, Sanitation and Hygiene Project - - - - aka banditry payment 3.0

10. €100,000,000 National Identity Management Project; NIMC cards are still unavailable almost a decade later.. Why dont they realise this is dead on arrival - - - so possible white elephant project


11. $500,000,000 Livestock Productivity and Resilience Support Project - - failure of prev Agricole programmes as they should have become self-supporting by now. Active involvement with Agrictech helps here not shutting down potential PPIs through the sometimes inept rottweiler aka EFCC.

12. The $276,981,586 three power renewable energy projects - - please kindly state otherwise these are white elephant projects.

13. $200,000,000 Agro-Processing Productivity Enhancement and Livelihood Improvement Support Project aka Banditry 1.02 - rehabilitation .

/

kowopealajo:
your knowledge is limited I swear on my grandfather’s grave. This Abokifx guy is seriously killing Nigerians, we Nigerians in diaspora know what is happening. On what basis is the guy increasing the rate?

Newboss:
No be only fraud money o. If you make big money within a very short time, whether legal or illegal, you go still blow am that way.

Footballers, gamblers, successful traders, etc all have the same experience. Normally, na people wey never go from rich to broke wey dey do that thing. After you don broke after making money and spending it anyhow, your head go reset. After that you go become wetin them dey call "very stingy".

Some people need to go from rich to broke many times before their brain go reset. Those ones get serious issues.

From experience

TimeSpaceWizard:
As long as infrastructures are being built with the sham currency, what do we lose?

APCNig:
She paid for her children's school fees with her hard earned money, not with stolen government money like Buhari, Atiku, Tinubu, Ibori, Goatluck, Obasanjo, El-Rufai and other thieves.

davosky304:
Hahaha... well good but watch how fashola n his FEC drag their foot on these projects... Majority of those roads will not be finished even after buhari tenure ends

ogododo:
https://punchng.com/4bn-loan-our-borrowings-good-for-nigeria-says-apc/

TimeSpaceWizard:
Just mint the damn naira and mop up the excess liquity via taxes. Stop borrowing the expensive dollars.

Are you guys nut?

Or just lunch the e-Naira and host the database in Nigeria, and ensure you send bail out to all Nigerians monthly, afterall it is all numbers in a sentient database controlled by the Octopus.

treesun:
It is alarming that our subject matter experts in borrowing, loan , taxation and debt management are keeping mute and watch as things deteriorate. Who will pay these loans, what are these loans being used for? We are wasting resources in the North East and North West fighting banditry, money that can be used to industrialized the whole of North and provide employments in Agriculture, Solar Energy, revive Textile industries, pottery and so on. North is blessed and can feed the whole of West Africa, but we have leaders who don't know what they are doing.

This is what is putting pressure on the dollar, by Decemeber it may be N1 to $750.

TheWolfen:
Nawa

Here is another cold hearted beech that hired assassin to kill her husband Michael and take over his property but the assassin was kindhearted enough to inform the police about it and they set her for it and got the evidence to put her in jail. Her name is Dalia Dippolito. The story is on YouTube they got every evidence on cam and voice recordings. It a scary one.. Man it seams one can't be more careful these day

https://www.youtube.com/watch?v=7JttwV6XZ_I

Manq:
Well, all I can say is " once you're tired of a relationship, please inform yourself to tell your partner that you're tired and want out" now she's going to learn more killer skills in prison

alpharoyalty:
My Joy is that irrespective of party or religion, we are all suffering it.
My brothers and sisters, na to jàpa sure pass.

treesun:
This terribly serious. How come Debt Management office and Ministry of Finance are not seen this grave calamity coming ahead. Venezuela and Zimbabwe will be laughing at us, if we continue like this.

Bluntemperor:
Every person in this country will know by now there is serious problems that the rulers are not disclosing! The National Assembly is equally pretending that all is well but yet placing Nigeria future generations on Debt Burden.On what conditions are Senators just approving the Loans that are being borrowed in Foreign Currencies?
The questions before the Assembly men should be:
• What is the Status of Nigeria as far as Revenues and Expenses are concerned?
The Minister of Finance should appear before a live Television and tell Nigerians before the Honorable Assembly the Problems that is making us to borrow every now and then!
•How much do we have as Income ?
• How much have we received since this govt came to power?
•Why are we constantly Borrowing for as little as Meeting Salaries.?
If Nigeria is moving forward,we are all in it!

Sacrednes:
watin Brazil get way a whole Nigeria won dey borrow money from them

GladGlad:
On Wednesday, the senate gave a go-ahead to the Federal government to borrow another $1.5 billion and 995 million euros from World Bank, the Export-Import Bank of Brazil, and Deutsche Bank.

The new loans which are about N1 trillion in naira terms will bring Nigeria’s total external public debts to over N13 trillion.

As at December 2020, Nigeria’s external debt was N12.71 trillion, an increase of 40.82 percent from N9.02 trillion in December 2019.

How is the external loan sourced?

Nigeria’s external debt is in four categories: agreements; multilateral, bilateral, commercial and in Promissory notes.

The multilateral category is external debt burden to international financial institutions (IFIs) such as the International Monetary Fund (IMF) and the World Bank.

Read more... https://gladtune.com/2021/04/24/explainer-from-china-to-brazil-all-you-need-to-know-about-nigerias-debts-to-countries/



by Officialhorlah(m): 5:27am On Apr 30......

The total debt stock for nigeria could rise from N33 trillion to N34tr soon as the National Assembly approves another N1.1tr external loan request for the federal government.

The House of Representatives yesterday approved the external loan of $1.5 billion (about N571.5bn) and €995 million (about N528.4bn) for the federal government while the Senate had approved the request last week.

The Debt Management Office (DMO) had in March 2021 placed nigeria’s Public debt at N32.915tr as of December 31, 2020. This included the debt stock of the federal and state governments as well as the Federal Capital Territory (FCT).

“Total Public Debt to Gross Domestic Product as at December 31, 2020 was 21.61 percent, which is within nigeria’s new limit of 40 percent.”

According to the recommendations made in a report submitted to the House by the House Committee on Aids, Loans and Debt Management presented to the House during plenary on Thursday, the loans are to be sourced from the World Bank and Export-Import Bank of brazil which will be used for various purposes as a result of the COVID-19 pandemic effects.

Presenting the report, Ahmed Safana Dayyabu stated that, the loans are to be used in financing priority projects of the federal government.

“The Committee notes that while nigeria’s Total Public Debt Stock is on the increase, it is still relatively low Vis-a-Vis the country’s GDP and the increased borrowing requirements is needed to sustain the economic recovery,” he added.

Commenting, a former President of the Abuja Chamber of Commerce and Industry, Tony Ejinkeonye, called on the federal government to judiciously utilise the fresh external loans approved on Thursday by the House of Representatives.

Ejinkeonye, who is currently the Business Development Director Africa, esilkroad Network, told Daily Trust that already the nation’s debt burden is high.

He called for alternative means of generating revenues instead of the constant borrowing.

“We have to develop our industries. We need to develop critical infrastructure that will bring revenues to the country,” he advised, including expanding tax net.