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Nairaland Forum / Nairaland / General / Politics / Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined (20169 Views)
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Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Bastard1stborn: 9:35am On Dec 19, 2021 |
backbencher: No 1 reason is Corruption |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Nobody: 9:35am On Dec 19, 2021 |
sulaak: Before I answer you, the point of all my kvetching here is to point out to Nigerians that the genesis of our problems is our dependence on oil revenue to do the work that income taxes and other taxes do in developed countries. Keep that in mind. 1. The economy was bad under ibb, Abacha and Obasanjo. ( I know, I lived under those regimes) 2. Our Forex needs were.less under ibb ,Abacha and Obasanjo compared to now ( We import far more consumer electronics thanwe ever did under Obasanjo and ibb and Abacha. Subsidy costs have also jumped up) 3. When oil prices go up our spending habits go up. We don't save . When the prices crash we end up taking loans to maintain the same lifestyle we have become accustomed to. We were here before in the 1982 to 2003 period when oil prices were too low to keep things on the upward trend.and in 1973 to 82 when oil prices were so high we were subsidising things like bread and milk and fuel cost below 10 kobo per liter). It's called Dutch disease.. 1 Like |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by jboixxx: 9:36am On Dec 19, 2021 |
Horlufemi:I totally agree with this. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by frog12: 9:37am On Dec 19, 2021 |
he YAB buhari |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by sulaak(m): 9:38am On Dec 19, 2021 |
J3susFr3ak: Development is not rocket science. Nigeria return to 6 or 12 sustainable regions, cut population growth and focus on product development and not mono-resource. 1 Like |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Nobody: 9:38am On Dec 19, 2021 |
tonyson010: Yes Buhari has failed. I agree with you Especially in diversifying the economy My commentary is meant to show you why we borrow , not to excuse Buhari failure. Jonathan borrowed even with high oil prices for the.same reason. The prices were not high enough to make him avoid borrowing All in all,Buhari is a failure because he did not respond to the.problem.by diversify the economy, rather he took the cheap way out by borrowing and borrowing more often. 2 Likes |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Nobody: 9:40am On Dec 19, 2021 |
mayo47: Which is why Buhari had to diversify the economy short term by increasing the tax to gdp ratio to something like 40% or more from its 6.4% , long term by finding side hustles like industrialization and alternative sources of income. Simple |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Sonn(m): 9:48am On Dec 19, 2021 |
BUHARI's supporters will tell you he is doing it for the future, now i ask, which future? what has he put in place to secure a better future for Nigeria/Nigerians? today every Nigerian is owing China, can you imagine? was that how Xioping reformed China? the only thing Apc government does and talks about is their party Apc, nothing more nothing less, let any of his supporters come forward and tell us one thing he has done for the future, i mean the ones initiated by him.... |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Doyou2019: 9:52am On Dec 19, 2021 |
LofP: Nailed it. That excuse of a leader is an evil genius. 2 Likes |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by stepaside2: 9:54am On Dec 19, 2021 |
backbencher:Balanced view. This and your later rejoinders are spot on. Nothing more to add 1 Like |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by TiglathPILESER: 9:54am On Dec 19, 2021 |
descarado:Did Jonathan govt oversaw any project outside the continuent he governed? |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by wink2015(m): 9:56am On Dec 19, 2021 |
Borrow borrow audio government. The sad aspect of Buhari character is that he does not look into the feelings of persons criticizing him. President Muhammadu Buhari feels he is on the right direction. Presently President Buhari quite sadly and most unfortunately has plunged Nigeria into indebtedness. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by SamuelLoch: 10:00am On Dec 19, 2021 |
descarado: Horlufemi: Bro, please, I'm begging you, for the sake of the generations unborn and this present Nigeria. If a leader is on the wrong path, and there's somebody somewhere, courageous and knowledgeable enough to bring out facts the masses dont know and protest for the interest of the nation and her citizens, please, don't go against that person. Nobody is happy with the current state of things, not even business owners. And it can most likely only get worse! Don't let us wait till it gets to that level. Your comments here are seen by thousands of people. If people stuck together, and we had less comments like what you wrote here, we would probably not be in this mess, even if they try to rig the election. Putting a country in debt is what generations would suffer from. They could have raised money through other means, but they deliberately didn't. 2 Likes |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Horlufemi(m): 10:13am On Dec 19, 2021 |
Prince111111: The word you are looking for is apologist. The truth is there has not been a good governance in Nigeria. Nigeria has been on a downward spiral since 1960. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by stepaside2: 10:19am On Dec 19, 2021 |
backbencher:People don't understand that we have a revenue problem. We want to buy fuel cheaply with Govt continuing to subsidize to the tune of trillions of naira yearly. We want uninterrupted power supply but don't want to pay the appropriate price. We want to buy gas cheaply never minding that the international price for gas has more than doubled over the past year. Tax to GDP ratio at 7% is one of the lowest in Africa, normal ratios are like 20-35%. We want world class health facilities but we want it for free. I ask us all, who pays for all these? 2 Likes 1 Share |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by HEAVEN4444: 10:20am On Dec 19, 2021 |
hmm |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Reference(m): 10:23am On Dec 19, 2021 |
backbencher: Fair enough. So what we need to do in 2023 is to elect a government that first of all listens, not lectures and secondly a government that resembles us. That is reacts to the economy, to security, and so on the way we would. So if you and I are looking for a second job to make ends meet they too are looking for a second source of income to balance their budgets. That if you and I are cutting down on meals, mending old clothes instead of buying new ones and thinking of finding cheaper rent the government learns to cuts its budget and expenditures likewise. That if you and I strive to leave healthy to cut our medical bills and learn to live at peace with our neighbours to avoid the police and costly litigation then our government must act smart as well to nip insecurity in the bud quickly and negotiate out peaceful resolutions with agitators and not resort to violence and costly wars at every provocation. When we get these the people will see themselves in government and be all too willing to make sacrifices and proud to join hands in building Nigeria. Governance is easy if you know how and and are sincerely willing to. The African is not diffifult to lead. His demands are not vast or complicated. 2 Likes |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by freeborn02: 10:23am On Dec 19, 2021 |
Horlufemi: You should be ashamed of yourself for even defending this kind of rubbish. Even a secondary school pupil knows that what you are defending is rubbish. Federal government places Niger Republic ahead of a Nigerian state and you are defending it! You deserve a severe beating for defending this rubbish. 2 Likes |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by poiZon: 10:26am On Dec 19, 2021 |
benuejosh:If only jonathan had built almajiri schools in benue, u for know how to spell words correctly. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by justmondris: 10:28am On Dec 19, 2021 |
nzeobi: We’re your expecting EFCC to say it’s true? |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by tonyson010(m): 10:30am On Dec 19, 2021 |
backbencher: Jonathan borrowed small and still saw need for the country to increase its GDP, then started to fight for diversification, because oil price will drop, oil will not remain forever, demand for oil will go down with technological innovations, oil is making us lazy. They removed subsidy, but u know how that part ended. Refineries privatisation ideas came and was resisted. Ngozi Okonjo was always fighting and shouting for diversification and saving...u know how it ended. They pushed to expand our economy. Many policies brought up then including increase in taxation was resisted by governors. TSA was introduced to help save money, because if u are putting water in baskets, u will never gather much. So need to borrow and close the too much leakage was there in Jonathan time. But this government came and specialised on blame game. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by prophetfire: 10:37am On Dec 19, 2021 |
benuejosh:. Even when EFCC Chairman debunked your APC lies, you still make yourself look stupid with your lies. Up till now you dumbass fellows are still blaming Jonathan for your monumental fraud of a Buhari's failure. 3 Likes |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by tonyson010(m): 10:38am On Dec 19, 2021 |
Reference: I second your opinion. Well said, however, we don't need a government that is so much reactive, instead more proactive. A government with proactive approach is needed, that should be able to anticipate something before it happens and prepare. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by jrex(m): 10:41am On Dec 19, 2021 |
benuejosh: Oga, is Reno right or wrong? 2 Likes |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Reference(m): 10:42am On Dec 19, 2021 |
stepaside2: Have you asked yourself how other nations get their citizens to willingly 'pay for things', public services including taxes and levies. Do they put a gun to their heads? Have you not seen goverments in the west rise and fall on just the back of tax rates. No one in the world wants to pay taxes. And no one in this world I know will be willing to pay for anything he can get free. So once again how do governments in othe climes get their citizens to pay 'through their noses for stuff' Think about it. For therein lies our failings as government and as a people. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Nwaide01: 10:52am On Dec 19, 2021 |
Horlufemi:Can you please tell us those infrastructures that Buhari administration did. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by desiredhome: 10:54am On Dec 19, 2021 |
Tokskob2008:If when oil was selling over $100/barrel and that government was borrowing for recurrent expenditures.....I wonder how the economy would've been like now that oil had since being sold for even $52, plus the effects of COVID that had affected the world economy.... All these criminal have to do is to start complaining and acting as saints...... |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by MotiveU(f): 10:59am On Dec 19, 2021 |
Horlufemi:This one has lost his senses. Chai 2 Likes |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Nobody: 11:01am On Dec 19, 2021 |
benuejosh:Only BMC Christmas bonus could have rapidly spurred such a typically vacuous post. Notably, the APC government is filled with any government in power jobbers and their sympathizers should be neither seen nor heard. Let the buyer beware of Prince Musiwas and Kemi Olunloyos! |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by nzeobi(m): 11:11am On Dec 19, 2021 |
justmondris: The EFCC Boss has himself refuted the news and called it fake news but you have refused to let me cos it suits your narrative and fantasy. Ok continue believing after you believed that 1 dollar will equal 1 naira |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Yusman316(m): 11:33am On Dec 19, 2021 |
backbencher:The problem with many people in this country is, the moment you disagree with something they say then you automatically become a supporter of someone they don't like. They never see reason with every reasonable thing you point out, no matter how objective you sound |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Gigadot1(m): 11:39am On Dec 19, 2021 |
Copied to answer. Has Buhari borrowed more than other presidents combined? Yes or no? Answer= YES Is Anambra GDP more than that of Niger Republic? Yes or no? Answer= Yes Does it make economic sense for Buhari to build railway into Niger Republic, while ignoring a Nigerian state? #copied Answer= purely unpatriotic (sign of allegiance to Niger) And has Nigeria economy improved despite the ‘ the extensive infrastructure’ been built by Buhari ? Yes or No Answer= No and by the way, where are the infrastructures How have the average Nigeria benefited in the heavy loans ? Answer = Generational debts repayment Can the ‘ acclaimed infrastructure repay the loans been used to build it in the next 10years ? Yes or No ? Answer =No, majority of the infrastructures and there location benefits Niger republic than Nigeria Under the ‘ bra buying government’ gas sold at #150 and under Mr Integrity gas sells at #750 ? Which government will you prefer ? Answer= Bra buying government a million times Has killing and banditry (terrorism) improved under Mr integrity? Yes or No ? Answer= No, it keeps worsening, we have new addition called banditry and their brother herdsmen $1 sold at #300 under Bra buying government and under Mr Integrity it sells at $1 = #550 . Answer= $1 is heading toward 1k by 2003 Has rule of law improved under Mr Integrity ? Yes or No ? Answe= No, it is nose diving Has the appointments of Service chiefs or Agency chiefs or Ministers shown Mr Integrity deserved to be called Nigeria or Fulani President? Yes or No ? Answer= Fulani president Etc Let’s attack the message not the messenger Thank you And human beings are supporting total failure, 2 recession in 6 years. Pls I need PR in another country. |
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