“These shocks have created large external and financing needs for 2020. Additional declines in oil prices and more protracted containment measures would seriously affect the real and financial sectors and strain the country’s financing.
“The authorities’ immediate actions to respond to the crisis are welcome. The short-term focus on fiscal accommodation would allow for higher health spending and help alleviate the impact of the crisis on households and businesses. Steps taken toward a more unified and flexible exchange rate are also important and unification of the exchange rate should be expedited.
“Once the COVID-19 crisis passes, the focus should remain on medium-term macroeconomic stability, with revenue-based fiscal consolidation essential to keep Nigeria’s debt sustainable and create fiscal space for priority spending. Implementation of the reform priorities under the Economic Recovery and Growth Plan, particularly on power and governance, remains crucial to boost growth over the medium term.”
from dailypost
This people are still borrowing after all the money donated???what did they even use all that money for ???na wa...o
ReplyDeleteHmmmmmmmm
ReplyDeleteAbeg make una no vex o,is it dash or borrow?just asking for a friend
ReplyDeleteThis money will mostly be stolen. Thank God that man is no longer there because it would have evaporated.
ReplyDeleteI pity Nigeria, we're wicked to our own selves. People will pocket this money as if they're immune from COVID. I pray anyone who steals or misappropriates this money gets coronavirus and suffers
Hmmm...all these monies flying everywhere, hope they're keeping record?
ReplyDeleteDidn't hear that the office where the records of moneys and donations received burnt down about 2 weeks ago. Can't remember now...
DeleteYimu! All the contributions that has been going on since! Wat is the utilization of the money.
ReplyDeleteThis our Government will sell our country to Chinese last last. How can a country borrow this much?? Abeg where's the Abacha loot?? I'm sure they've used it to enrich themselves. When will we start holding our leaders accountable? Must it always be business as usual for them and for us too? Long sigh
ReplyDeleteNo wonder Enugu Governor sharply declared a new case. Because I wonder despite the inter state lockdown, how did the so call man travel all the way from plateau. State borders are close but people still travel, am not understanding.
ReplyDeleteAre you a mumu? What borders are closed? Nigeria that people bribe anyhow??? Is Enugu testing? Is. Anambra testing? Keep deceiving yourself that Enugu only has one case.
DeleteLet me tell you every state in Nigeria has hundreds and thousands sef! What you should be doing is taking precautions and praying for Nigeria because you are own your own!!!
Na wa! Most of these funds will be converted to personal use.... A lot will become richer overnight... Just watch and see.
ReplyDeleteOver 30 Billion Naira was donated by well meaning Nigerians. The British and United States have millions of pounds and Dollars respectively. Not one Hospital was or is being constructed. Most Hospitals are bare. Providers have no protective clothing or equipments to work with. Now, they still went and took this loan?? What is wrong with our leaders?? These guys have traveled extensively and see what healthcare facilities look and should be. Why didn’t our leaders use this opportunity to improve on our existing facilities???
ReplyDeleteEven Germany recently played 'big brother',
DeleteYou guys don’t read and if you read you don’t understand.This man is trying to make sure Nigeria doesn’t fall into recession and you are still complaining.If there’s recession,Nigeria aNd business there will lose more money than it borrowed.it’s a simple economic tactic to protect the people whose money the economy is being run with.
ReplyDeleteHope these people aren't using the citizens as collateral...
ReplyDeleteThese guys should please keep their funds.Money wey dem go chop.
ReplyDelete