According to Adeosun, the N350 billion being injected will be directed towards capital expenditure projects. “We are raising money. As you know the Euro-bond capital raise is on. We are about to appoint advisers so we we will be raising additional $1 billion.
Two weeks ago we approved the external borrowing plan and that was very important,”she said
The Minister said the Federal government plans to borrow N1.8 trillion from the African Development Bank, China, Japan and World Bank with rates of 1.25 per cent and a 20-year maturity. She added that the borrowed money will be used to fund an expected budget deficit of N2.2 trillion.
“When we said we will borrow, we said we will borrow the cheapest money first. We have approvals in that plan from the World Bank, ADB, with interest rates as low as 1.5% and tenures as low as forty years to intervene in some specific areas which include agriculture, education, health, rebuilding of the northeast and of course the rail way project that are very key to what we are doing”she said
55 comments:
Noted
They should do whatever they want to do and get us visible results asap!!!!
And half into their pockets..
No be small injection
...merited happiness
NO PROBLEM, LET'S SEE HOW IT GOES
AUNTY LINDA 👩
Story.
She should be fired already.....
Hmmmmm!
says, Genevieve.
Lol; mortgage a nations future to rebuild a region; government of the north and for the North.
I'm never coming back to this sick country that's so blessed with oil and gas and yet have no electricity..this is not APC this time but the stupid PDP that could not do anything concerning Electricity in 16yrs! The economy can never grow In this 21st century without a steady power supply throughout the country! Investors can't come into a country with no basics "electricity"
That's good to know
Permanent solution for premature ejaculation. Call 08101866047
Visit How
to Cure Premature Ejaculation and Satisfy your Wife. No drugs, No side
effects
Increase your Penis size Naturally. No drugs, No cream. Call 08101866047.
Visit Penis
Enlargement Solution
borrow again? with all d money u people recover from d loot, e.t.c, this is really a vision less govt without direction.
borrow again? with all d money u people recover from d loot, e.t.c, this is really a vision less govt without direction.
borrow again? with all d money u people recover from d loot, e.t.c, this is really a vision less govt without direction.
Dey should do dat already. Linda take note!
We all are awaiting for that God news
We all are awaiting for that God news
A Welcome development.
Abeg make dem inject me ooo
So really that is their best solution
Making us an indebted poor country
Better
we will we will we will please adeosun you are a monumental failure you and your boss continue singing we will we will we will ..rubbish
Sharaap brain dead fool.
If they like they can inject Tetracyclin, if they don't improve on power they will come back to square 1
I see why u don't write much bcos u are an illiterate like ur so called president. Mumu
I see why u don't write much bcos u are an illiterate like ur so called president. Mumu
Real brain dead monkey oh,whose still blind.Monkey 🐵
Thanks at least you not blaming APC like some commentators that see nothing wrong with PDP.
You spoke my mind or rather should i say you typed my mind??? Lol.
This woman lacks charismatic aura. She looks pedestrian, uninspiring and ordinary, just like a village wench from choir practice in a remote village.
I believe by the end of APC tenure Nigeria will be in serious debt. I want them out badly by 2019. Buhari, APC whatever gat nothing to offer us. Clueless people, there mind are full of hatred and revenge.damn.
Abeg the N350 Billion, how una get? where una get? I think say the past administration loot the treasury. If una like make una chop am still come back come tell us story. Ndi nzuzu!
They will? When and why the noise, they should inform when its been done not empty promises. WORD!
ilovemywife
Won't you lot put the money you recovered from the loot in the economy? Is the money going like that? I see liar Mohammed and his fellow liars shinning their eyes on top of the money. Nigerians should call for proper accountability of the returned loot, otherwise these people will play with our brain and die the money. Why go borrowing that much when you recovered more than enough. Fraud alert!!, FG wants to play a fast one on Nigerians, let them account for the money they recovered before going to borrow on top of the debts Nigeria is owing. Nigerians wake up, call for accountability, "kwarruption fighter" account for the loot you recovered, it belongs to everybody.
😂😂😂😂😂😂😂😂
issit about injecting?
-D great anonymous now as Vivian Reginalds
Ok since you are more intelligent tell us the better solution you have?
Otherwise shut your trap. Everyone with basic economic sense knows that to get out of recession you have to spend. Go and read Obama's stimulus package of 2008 that got america out of recession .
If they like inject 100trn usd...with those incompetent folks manning ministries. Nothing will happen...how can someone that studied French be a minister of agriculture? Or a surgeon be a minister of youths and employment mehn what do they expect? Minister of aviation studied English...and the custom service by a military man...even the minister of finance previously head Osun state ministry of finance and according to my findings that state is the most indebted state in Nigeria. They banned rice...why?
Fuck this Nizooria
Good
They should stop willing n start doing. Actions should be speaking not just words
Is this for real? Or another set of empty promises, lies and deceit by APC and it's government
If it will help the masses why not?
...Get the trending resource that would train you and help you stimulate your personal growth financially.
This people are putting Nigeria in debt that will take forty years to pay. Hmmmm, APC is the worst that happen to Nigerians. You can smell their incompetence from afar. #2019 loading
Liars! Seeing is believing...u guys should stop blabbing nd act
Juliet iwuno is an ilretrate...next time call her name. I wonder how you expect someone saling gogoro at motor park to be educated.
Juliet iwuno is an ilretrate...next time call her name. I wonder how you expect someone saling gogoro at motor park to be educated.
Please invest in power first, then our oil refineries, and make gas refineries so we can stop importing oil and gas, or else you will keep injecting
Story na small thing, how a woman with no good working experience, no impressive CV was hired to man the finance department baffles me till this day. CLUELESS is written all over her face, even when she talks she appears jiltery. Now I know NGOZI is fucking GENIUS. GOD will continue to enrich her where ever she is.
As they are Injecting N350Billion into the economy can they at least tell the CBN governor and his Monetary policy commitee that when they have their MPC meeting this coming monday and teusday they should reduce CBN interest rates to foster liquidity in the economy so the money can circulate to the right channels. if not 37% of that 350billion will not get into the economy. That's a whopping 12.95billion that would be held back by the CBN through their high MPR and CRR interest rates.
don't you care were the money is coming from
Pls don't be naive ehn
So na debt we go ddey pay till the world end abi?... dee
Let me just point out, that it took us time to get to where we are. For argument sake, if we blame PDP. They were in power for 16 years. Buhari is not a miracle worker, you need to give him time. Just one year and people are complaining. It's not easy, even me am desperately searching for a job. But you need to give time
@anon 5:35 , my dear Ngozi is nothing close to a genius. She was only hyped by Nigerians. If she was genius, she would have done or taken certain measures to save for these rainy days. Crude was at it's peak in the past administration, as the finance minister what did she so ?
Of which 349billion goes into the account of the government
Don't follow the crowd and complain about everything the government says especially if you don't have a better idea.
Successful businesses borrow to grow. So far as the money borrowed is spent on infrastructure projects and not stolen it would help the country out of recession.
Post a Comment