The FGN has started again to take loans,payable in 30 years, putting unborn children into boundage.It is becoming obvious that we can not continue like this.We really need a change.

Those unborn children will be using the facilities built by the loan.

development without borrowing is impossible and those that knock this move most likely have limited knowledge on what it takes to develope and nation.

im for it.

And you are right but the facilities would not be built with this loan but it would wind up in a foreign bank. May be you have an inside scoop that most of us are not privy to?. If past loans were used for the common good may be no one would talking about this but past experince has shown otherwise. Well I will call you at 3:00AM know what happened to the loan before long.

Nigerians especially those in reponsible positions have a smooth way of creating targeted goals for the justifications of securing the $780m loan from the World Bank.

On a hind side what has happened to oil money? If the Fed. Government is not able to put to use the derivates from free oil what in haven's sake suggests that taking a loan would be justified.

The one reason that comes to mind why the Fed. is adamant in obtaining this loan is to circumvent direct accountability after all the loan would be paid back from the oil money. The truth of the matter is that at the end of the day this loan amount would end up in the pocket of those who asked for it. The condition of the road would remain the same; poverty will persist and so on.

This would be a test for the International Transparency Group to determine how Nigeria is doing. I cannot depend on fellow Nigerians to watch the utilization of this loan because a thief cannot watch another thief. This is not an indictment of all Nigerians because the good ones would not be allowed to come to the corridor of the loan.

Bottom-line Mr. Musa the loan is a bad idea because it is no more than the US Congress asking the Big 3 to develop an action plan to justify the bailout. Yes, the Nigerian Government has an action plan but past experience has shown that it is a ploy to steal and stash away the money. Nigeria has made enough money to make Dubai look like a child's play. Dubai’s success is centered on commitment and vision of her leaders after all Dubai has not started to tap her oil reserves.

Also the price of oil had decreased 40 some %, that's what happened to oil money.

Explaining a noble objective that works else where as reason to take this loan by the Yaradua government is treacherous because we very well know that this loan will not be well utilised. It will be stolen as other loans were and we shall become more indebted at the end of the day. Some of us know that taking laons for developmental purposes in principle is not a bad thing, but what is bad is that this money will certainly be stolen. So there is no justification for taking it in the first place. If there is one single undeniable achievement Obasanjo made in his administration, it was paying off our debts which previous administrations took and which was strangling the economy and put us to our knees. Why would Yaradua hasten to start piling up our debt column again now inspite of the fact that he has not made a single achievement in his lazy administration so far? For Nine years we have wrecked profit after profit due to high oil prices, what have we achieved with the money(s)? Why is it that just a few days the oil price has fallen and the Lazy, do-nothing, retrogressive, reclusive, visionless Yaradua is already going for Loans? Bottom line is that we vehemently oppose taking of such loans because we know that it shall be stolen, swallowed through over inflated contracts awarded to non-existent companies. And we know that Madam Waziri of EFCC can not realy fight the looters because if she dares the fate of Ribadu today will befall her. So anyone trying to convince us about taking of such loans is among those that will share in the spoil.