₦airaland Forum

kini big deal

I will only be surprised if it was a poor man
a rich man can buy his wife a plane for just a kiss

donphilopus:
Wished he was deprived I'm even glad he's let to go abroad to receive treatment. Alayemeseigha's death was blamed on the APC-led government by some mischievous element. I wouldn't want those same daft people to accuse the FG if he's not allowed medical treatment abroad, and something eventually happens. He should go. That wouldn't stop him from being jailed if found guilty!

you clearly admitted that he is yet to be found guilty, but sees nothing wrong with an innocent man being hounded like a common criminal
Maybe since the impunity was carried out by your messiah we should all accept it.
Then i'm tempted to wish you the same

donphilopus:
I said it! Most of you don't read. You just rush to post comments! He's to return the International Passport after his 3-weeks medical check-up abroad. So how is that a victory? Latest the end of this month now, he would return it!

keep shut

You wished his freedom was deprived as you gladly support any form of impunity under the dullard.
you are only expressing you disappointment by picking holes in peoples comment. but you've got the wrong guy

dayo23:
And the suffering continues for the Biafra people.

while the good people of state of Osun continue in their BLISS


MUMU

adioolayi:
Should the people of Abia state jubilate or cry

You can wail on their behalf, Mr wailer

The good people of Abia already decided who they want to govern them, They are prepared for both the benefits and consequences of their decision. they don't need anybody to wail for them. i'm sure some of them even donated to rescue the people of the STATE of OSUN from their hunger siege


wailers can quote me

bolabolakemi:
I blame Oduduwa elders who are now political jobbers for these insults

I hail your level of reasoning and understanding

you blamed the right people,
unlike your kins that will always blame the Igbos

divinehand2003:
Are there no private or government hospitals around that can treat his high blood pressure, must he fly abroad? YEYE DEY SMELL gaaaaannnnnn

Its his choice to travel abroad,
Its his money also that will be spent,
He is also expressing his fundamental human right.

its because of simpletons like you that makes impunity thrive

finally, the courts to the rescue

Its a victory for Democracy!
Its a victory against tyranny!
Its a victory against Dictatorship!
Its a victory against democratic persecution and witch-hunt!

Fellow Nigerians,
Nothing has changed

bolabolakemi:
This Fulani people again Soon Yoruba will deal with them

we all know you have no guts to raise a finger against a fulani, i'm sure you and i know the consequence

even if they kidnap your father like Falae, you can only sue for peace

there is no cause for alarm
They should give the Fulani's some portions of their land to settle, so that they can have peace or otherwise

lalasticlala come see tory o

By Emeka Anaeto, Economy Editor

As the presidency gets ready to emplace the federal cabinet to face the daunting economic challenges figures from the Debt Management Office, DMO, of the federation has indicated a massive reversal of debt relief obtained nine years ago. An official of Central Bank of Nigeria, CBN, told Vanguard last weekend that foreign debt would hover around USD10.7 billion by end 2015, showing over 200 per cent up from USD3.5 billion recorded by the debt relief deal of 2006. DMO records show USD10.3 billion as at June this year.
Abraham Nwankwo DG, Debt Management Office

Abraham Nwankwo
DG, Debt Management Office

The data shows that the bulk of the reversals were coming from the multilateral institutions, the World Bank Group, which had hitherto dominated the foreign debt profile of Nigeria.

Firstly, was an increase in loans from the International Development Association, IDA, a part of the World Bank that helps the world’s poorest countries. From a balance of about USD1.4 billion in December 2006 the loan had more than tripled to USD6.0 billion by June 2015.

The group was responsible for over 73 per cent of Nigeria’s foreign debt as at 2006. The loans had started increasing in 2009, during President ShehuYaradua’s regime, just three years after the debt repayment deal. The DMO data also shows that another major cause of the increase in Nigeria’s foreign debt was the loans from the Chinese Exim bank.

In 2006 Nigeria had zero loans coming from China but as at June 2015 Chinese loans to Nigeria stood at about USD1.3 billion. Nigeria obtained its first loan from China back in 2012 when it closed the year with Chinese debt balance of about USD683 million. The loan doubled to USD1.29 billion by the end of 2014 contributing about 13 per cent of the total external debt stock of the country.

A financial analytics company, Nairametrics, had noted “back in 2005 Nigeria did something unprecedented in its history. It reached a deal with a band of external creditors to wipe out over USD18 billion of what was crushing the economy. That was former Minister of Finance Ngozi Okonjo Iweala’s signature deal in her first stint as Finance Minister”. From a total debt balance of about USD33 billion in 2005 Nigeria’s foreign debt was crashed to about USD3.5 billion in 2006.

In October 2005, Nigeria and the Paris Club announced a final agreement for debt relief worth USD18 billion and with additional buy backs with other debtors an overall reduction of Nigeria’s debt stock by USD30 billion was effected. The deal was completed on April 21, 2006, when Nigeria made its final payment and its books were cleared.

Nairametrics noted, “back then the mood around the country was so positive and optimistic as the proponents of the debt repayment deal believed that with a leaner debt balance Nigeria can now concentrate on fixing its dilapidated infrastructure”.

Nigeria, the largest economy with the largest population in Africa, has been the continent’s most indebted nation until the Paris Club debt relief deal. With USD36 billion in external debt, and about150 million people then living on less than a dollar a day, and a fledgling democratic government attempting reforms, Nigeria should have been a strong candidate for debt relief. Yet, in part because of its oil revenues, Nigeria slipped through the cracks of debt relief programs.

Centre for Global Development, CGD, had provided analytical support to Nigeria’s debt relief efforts in 2005. According to Mr.Todd Moss, who led CGD’s work on Nigeria’s debt, the completion of the deal, which saw Nigeria exit from Paris Club debt, was historic.

He stated “in the short-term it will mean that the budget can focus more on promoting private sector growth and development. But the longer-term implications could be much more important. Debt has been hanging over President Obasanjo and is one of the major barriers to consolidating the aggressive reforms being undertaken by his economic team. This gives them momentum to push further”.

With the reversal of the scenario the burden is building up at a time oil revenue is in decline. However, economic analysts note that the ratio of Nigeria’s foreign debt to GDP is still about 2 per cent whilst total public debt to GDP is about 13 per cent leaving the economy in a somewhat perceived comfortable position. Some analysts believe the ratio should be about 20 per cent for Nigeria.

http://www.vanguardngr.com/2015/11/nigeria-paris-club-deal-in-significant-reversal-as-debt-grows-200/

abeg LIKE for GEJ and SHARE for PMB

Buhari is still learning on the job

he's in an economic dilemma and in need of clues that he even engaged the "clueless"
Pls Jona help save us from economic meltdown

Your "CLUELESSNESS" is PRICELESS at this moment

source?

keep wailing then

Agimor:
What's great there,releasing terrorist right?

Buhari is gradually achieving his aim

Great

Sappyman:
I can see that PDP is dying by the day. Once a popular Party has become a shadow of itself. The worst has not happened yet. Many may not believe what I have said unit Mettu will defect to APC.

Dear dullard,
The opposite is the case here,
Please learn to read

Most politicians and their supporters in Nigeria are simply "anywhere belle face"

No permanent Enemy, no permanent friend, no permanent political party, no ideology and no principle.

This is the bane of Nigerian political progress

Don't worry, we will better remember you as the dullard that took us 50years backwards economically.

Who wants to remember a dullard

Mbaka! Mbaka!! Mbaka!!!!!!!!!

The scales have finally fallen off your eyes.
I'm now confident that Biafra is attainable.

melvinjames:
Kwakwanso came all the way to the SW to insult them in their own land.

What a way to define cowardice!

OK, kwakwanso is not Igbo, let's keep quiet hence, the Fulani unleash mayhem on us.

sammyj:
Dazuki or whatever should understand that when you eat alone you must die alone. Secret or no secret Dazuki is a goner and must be treated as one!!

You may be a victim tomorrow

When you cry, may no one hear your cry

Buhari is a despot with an evil agenda
What is he hidding from the public?
We demand fair trial for every one just as we had in the last government.

The magic of the tribunals is back in Nigerian politics where the ruling party controls both the tribunal and the judiciary

APC !!!!!! Change your ways or be doomed like your predecessors

All I need is a good wife with a beautiful face and a banging body

Am I asking too much?