Nigeria: Foreign reserves and the proposed $5.5 billion loan
Oct 12, 2017 19:27:38 GMT
Omo Oba of the Source likes this
Post by ajanaku on Oct 12, 2017 19:27:38 GMT
It's no longer news that President Buhari has sought the approval of the senate for a $5.5 billion loan.
My questions go thus:
Why do we have to borrow $5.5 billion dollars when we have about $33 billion dollars in our foreign reserves?
Considering IMF's stern warning that our debt profile is on the rise, can't the government, through the CBN, make a withdrawal from the foreign reserves (which has risen to its highest in about 3 years) to fund capital and infrastructural projects?
Abeg, economists and financial analysts in the house, ko ye mi o
... Educate a brother, please. Thanks!
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My questions go thus:
Why do we have to borrow $5.5 billion dollars when we have about $33 billion dollars in our foreign reserves?
Considering IMF's stern warning that our debt profile is on the rise, can't the government, through the CBN, make a withdrawal from the foreign reserves (which has risen to its highest in about 3 years) to fund capital and infrastructural projects?
Abeg, economists and financial analysts in the house, ko ye mi o
... Educate a brother, please. Thanks!Shymmex ,Interloper ,iyalode ,Moffy ,OmoOba ,Iya Niyen! ,Omoluabi ,dansoye1 ,Belmot ,osoronga ,Omo Oba of the Source ,Her Highness ,IrekeOnibudo ,ioannes ,laudate ,oduabachanal ,stblack ,zaynie ,ilaje2015 ,omohayek ,AgbongboAkala ,Ogbeni Ogunnaike ,aparo ,black ,colonial pikin ,skylar ,cocoafarmer ,missy89 ,ibk ,Merchantt ,lontoro ,isalegangan ,yorumigrant ,ajanaku ,sholeybanty ,ayodejilara ,oloyesaso ,sakur ,ritchiee ,mignone ,honeychild ,Short_Biscuit ,amorere ,donphilosophy ,governor ,irewande ,isholapecham ,ola ,olugbenga86 ,taiwo ,loadofs ,ijeshaboy ,tomtoxic ,imodoye ,camronaija ,ayekooto ,dehinde ,fado ,scully95 ,tunde ,ayo ,omoba ,tallwolleh ,mankind ,anago ,egbaknight ,oduastates ,atandaniyi ,ayxmania ,omoolowokanbati ,sapiodunamis ,blaqcoffee109 ,fluteman ,olukumi ,sesinu ,araabeokuta ,qreem231 ,
