Showing posts with label Loan. Show all posts
Showing posts with label Loan. Show all posts

Thursday, 14 April 2016

A COUNTRY FULL OF CORRUPTION

THE 2016 BUDGET

 

 After months of unending controversies, the senate finally passed the 2016 budget. The total of the 2016 budget is put at N6.07tn. But how come N60billion naira is missing again or omitted, just trying to ask a commonsense question?
My information may sound untrue but try to search or ask about the N60billion meant for lagos-calabar rail project . Was it in the passed budget or not?

CHINA ROMANCES NIGERIA

CHINA ROMANCES NIGERIA WITH $6BN


China loans Nigeria the sum of $6billion and also agreed on currency exchange in other to increase the rate of Naira

 This loan is ever ready once the Nigeria government identifies what exactly the money will be used for. that is part of the condition the Chinese government gave .
 But i will also ask, is this fraud or a trap to get the Nigerian government ? 

Because one of the things that keep disturbing me about this agreement is the free flow of yuan in and out of Nigeria, inclusion of it in their foreign reserve and a whole lot.

Nigeria be wise and careful.......

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