Okay, oil revenue has fallen so bad that Nigeria is now going to borrow the sum of $5.7 billion (thats close to N3 trillion) from the World Bank, African Development Bank, Islamic Development Bank and China Export-Import Bank. The countrys Prime Minister and Minister of Finance, Ngozi Okonjo-Iweala said they need the money to finance infrastructure projects contained in the 2015 budget. Wait a minute, is that not the same budget that Jonathan said he wants to buy a new jet and allocated N4 billion for himself and his vice to eat and travel? See, I am not even trying to scare anybody but this 2015 will not be funny, especially for civil servants. Either APC wins o or PDP wins o, oil revenues are dwindling and unless a miracle happens, most civil servants will not collect salaries this year. You can see that many of them already danced tactical kukere into the New Year without kobo. The rich will keep getting richer and the poorer will keep getting worse because many people just dont want to reason. Anyway, they say their president and governors are trying so goodluck. By the way, are you aware that Nigerias total external debt as at September 2014 stood at a solid $69.6 billion dollars. That is 13% of our entire GDP. They are always borrowing. When oil prices were very high, they borrowed, saved nothing. When oil prices plunged, they also borrowed. Keep borrowing. Shebi you will do blood money ritual to pay back? Please borrow from India too, maybe God will pay it back for you. So what is the plan of the government? Hike fuel prices? Fire civil servants? Increase taxes? Double levies? Issokay o. Where is the audit report of the missing $20 billion that she told us would be out by last November? Where is it? Issokay. Once again, goodluck o.
Posted on: Sat, 03 Jan 2015 02:01:55 +0000
Trending Topics
Recently Viewed Topics
© 2015