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Nairaland Forum / Nairaland / General / Politics / Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined (20170 Views)
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Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by ivandragon: 4:11pm On Dec 19, 2021 |
VULCAN: Some of you are just frustrated, ill-mannered keyboard touts. If you have a different opinion, must you express it in such Childish & caustic manner? The government has been borrowing & increasing taxes, so they should continue that in the short time? Proffer a different opinion, no. You rather showcase your rotten character. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Nobody: 4:15pm On Dec 19, 2021 |
ifiokjohn: Good afternoon..it's no use arguing with you I agree with you that Buhari is a bad leader, where we disagree is why he is a bad leader and why Nigerian economy has always been bad. And what needs to be done to change that. But since I don't agree with you word for word I must be a Buhari supporter. I don't argue with people who use the No true Scotsman Fallacy |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Crystalom3(m): 4:16pm On Dec 19, 2021 |
Horlufemi:neutralize the content of the message. Not the messenger. Is what he's saying the truth or not? |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by stepaside2: 4:16pm On Dec 19, 2021 |
Reference:Yes, a gun is put to their heads. Try evading tax over there and see how far you go. Things are not as simple as many people think. Bad as the Niger Republic train track building project is, it is not a fatal flaw. The decision is based more on sentiments than anything else. However we still see things from an ethnic prism than anything else. People in the NE-SE-SS corridor complain about narrow train tracks ongoing, those in the South complain that the coastal line is not prioritised, those in the far North West don't even have any rail of any kind to talk of. The Anambra person boasts that his/her GDP is higher than Niger Republic's GDP but ask about commensurate IGR, no way. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Timmi: 4:38pm On Dec 19, 2021 |
tctrills: Yes Mr tctrills you don’t get it. Just think if Jonathan has spend the loans he got on infrastructure such as the rail project, working on the second niger bridge, etc. The current administration will not have to get another loan to work on same infrastructure which Jonathan claimed he borrowed the money to do. Hopefully you understand it now. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Daguccizgreat(m): 5:14pm On Dec 19, 2021 |
benuejosh:Ewu Gambia. Slways yarning nonsense |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Daguccizgreat(m): 5:17pm On Dec 19, 2021 |
descarado:The man is on point. Buhari has achieved very less compared to the money he has borrowed but you chose to go against the messenger instead of looking inward |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Hkff: 5:23pm On Dec 19, 2021 |
His son and daughter will pay for it |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by LLMG: 5:43pm On Dec 19, 2021 |
you don't have to be so hurtful defending a very obvious failed govt, if what reno said is incorrect all you need do is debunk them with facts. It does not matter whether 90per of the rail construction is in Nigeria, the question is what is the motive behind this, of what economic value is the project to Nigeria at the moment. This administrations bigotry, nepotism and double standard in the face of deadly insecurity can not be forgotten in a hurry vedaxcool: |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by tctrills: 5:53pm On Dec 19, 2021 |
Timmi:I actually get it. The current administration has borrowed more than any other president yet we have nothing to show for it. How can we defend a man doing a terrible job. Over 21 billion dollars has been borrowed by this administration. Yet life is only getting worst. If we truly want change, we can't continue to blame Jonathan. True he failed us but it's time to judge buhari a bigger failure and our current problem. Unless you think he is doing a great job. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by ibietela2(m): 6:18pm On Dec 19, 2021 |
Most of them were coupist and killers |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by ibietela2(m): 6:22pm On Dec 19, 2021 |
benuejosh: If only mass murderer Gowon had returned the country to how it was instead of implementing NYSC You are mad, if only that white beard coupist has set the country up to prep 1966. If only hypocrite OBJ has done the right thing and rejected the fraudulent constitution. It's only the Ijaw man you fuckers are seeing. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by ibietela2(m): 6:23pm On Dec 19, 2021 |
itsme01: Money factor is still there |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by ifiokjohn(m): 6:36pm On Dec 19, 2021 |
backbencher:I understand you bro. I just want you to agree with me that Buhari is also an architect of most if not all of his troubles presently. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by ifiokjohn(m): 6:37pm On Dec 19, 2021 |
backbencher:I understand you bro. I just want you to agree with me that Buhari is also an architect of most if not all of his troubles presently... Just under stand me abeg |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Timmi: 10:24am On Dec 20, 2021 |
tctrills: "In a new document titled ‘status of Chinese loans as at September 30, 2021’, the DMO disclosed that 15 projects were funded by the loans acquired from China. These projects range from the water supply, power generation, railways, airport terminals, communication to agricultural processing." Above is the reason why I cannot blame Buhari for the so called excessive loan. The loan are spent on projects that will outlast him - generational impactful projects, and not that the money is going to someone's pocket. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by tctrills: 10:57am On Dec 20, 2021 |
Timmi:I disagree... these loans have little impact but the cost of paying back would have generational impacts. They are not impactful projects. They have not reduced poverty. Increased power generation, and you claim the money is not going to someone's pocket. I am sure even you don't believe that. The lasthe time I checked Nigeria remains one of the most corrupt countries More corrupt under Buhari according to transperancy international. Take rice production for example, we have spent billions to become self sufficient but the price of rice keeps going out of hand. Every kobo spent on that sector was a waste. Today, we have the most expensive rice in west Africa. 6 years after the rice revolution. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Timmi: 12:42pm On Dec 20, 2021 |
tctrills: I understand your sentiments but truth be told, Power generation has improved by at least 25%, the rail project provides a reliable and secure way of transportation not just for people but for goods and agriculture. For rice production and just like anything in Nigeria, the government intervention resulted in increased rice production but since we are our own worst enemy, the government cannot regulate market prices. The government created an environment where rice production increased, short down the borders so as to patronize our own people but the producers are pricing it out of getting it. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by tctrills: 1:06pm On Dec 20, 2021 |
Timmi:I don't know where you get your stats from but power has not improved. How can power improve when you never built new power plants. Anyway I would love to see your stats on power. We continue to produce less than 4500 megawatts yearly. I happen to know much about our power because I have worked with a power company. On the rail, you spend $5 billon on a rail system that carries only 15,000 people a day and you need N60 billion a year to maintain. This is any classic waste of money. Main while it generates N1.5 billion yearly. We have been duped by China and our government. Imagine if we had spent that same amount on roads, or power but trust our government to make the worst decision. To rice production, the aim was to stop importation, our production is still grossly insufficient and very expensive. Even the price of local rice has goNE up over 3x in 6 years. It's funny you blame Nigerians for the rice problem when the price began to rise only after government came into the sector. When government had no business with rice the price was low. It's not fair blaming Nigerians. Rice farmers are not any richer. Little of the billions went to them. The CBN's anchor borowers program fail due to corruption and no one is investigating it. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Ovamboland(m): 1:48pm On Dec 20, 2021 |
ivolt: The biggest recurrent cost of the FG is personnel cost, how many civil servants should have been sacked to reduce cost of governance and what is the impact going to be on unemployment, poverty and social cohesion? |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Ovamboland(m): 1:53pm On Dec 20, 2021 |
freeborn02: Why didn't Jonathan build railway to Anambra and was also busy planning the same railway to Niger republic? Did Anambra not have big GDP under Jonathan? Why is Anambra not also building it's own railway the Lagos is building it's own? The $63bn debt handed over in 2015, who collectd it? and who is paying it back? DEbt has grown to $92bn inlcuding debts by all 36 states, that is addition of about $29bn which is quite small considering investments in Infrastructure, shortfall in oil earninsg and Covid-19 dislocations that has added up to $2 trillion to the debt of USA, $650bn to UK debt and such huge debts to almost all countries of the world Can $29BN be higher that $63bn you answer for yourself |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Ovamboland(m): 2:05pm On Dec 20, 2021 |
ivandragon: If it was that easy why didn't Nigeria diversify in the last 50 years we've been suffering from oil price induced boom and bust cycles? The gradual investment in infrastructure is the surest path to diversification |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Ovamboland(m): 2:47pm On Dec 20, 2021 |
ifiokjohn: And you think the policy and implementations that enabled India pull such huge number out of poverty as all done within one year? Think again |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by ivandragon: 3:14pm On Dec 20, 2021 |
Ovamboland: Apart from the corruption contraption called social welfare payments, the few infrastructural works done by this administration is based on the foundation/groundwork/plans of previous ones. It is the same way this administration would leave & another take over. Building infrastructure without human development does not guarantee diversification of the economy. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Bizibi(m): 3:46pm On Dec 20, 2021 |
LLMG:forget that hardcore buhari supporter.... |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by ifiokjohn(m): 3:51pm On Dec 20, 2021 |
Ovamboland:2015-2019.. that is the year ..4 years the Indian President used to pull 100 million off poverty and that was the same year Buhari came in and the same 5 year he spent as his first tenure. How come he couldn't even pull a patry 5 million Nigeria off poverty but instead sent 100 million into poverty? |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by ifiokjohn(m): 3:52pm On Dec 20, 2021 |
Ovamboland:2015-2019.. that is the year ..4 years the Indian President used to pull 100 million off poverty and that was the same year Buhari came in and the same 5 year he spent as his first tenure. How come he couldn't even pull a patry 5 million Nigeria off poverty but instead sent 100 million into poverty? India President proves to buhari to stop talking and do his work. He didn't go blaming the previous administration for the amount of poor people in India .. he work to pull them off poverty. Stop defending incompetence abeg |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Bizibi(m): 3:56pm On Dec 20, 2021 |
ifiokjohn:that guy and the other one vexda wetin sef.....they are known for supporting incompetence. They glorify it on this forum. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by ifiokjohn(m): 3:59pm On Dec 20, 2021 |
Bizibi:no mind them. India was shithole with over 800 million of their population in poverty but the president came in, didn't blame anyone.. he rather use 4 years to raise 100 million off poverty. Something Buhari clearly couldn't 2 Likes |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by AfonjaConehead: 9:12pm On Dec 20, 2021 |
Ovamboland: |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Reflect7: 9:24pm On Dec 20, 2021 |
Omicronvaccine: Lying criminal and looter. The railway line is not being ''built in Niger Republic'', you conman. It runs through Nigeria and ends in Maradi, by the Niger BORDER. CRIMINAL LOOTER AND LIAR. You know your deceitful words will hoodwink gullible Nigerians who know no better. Buhari is borrowing because you, Jonathan, Diezani, and co stole the nation blind, being criminal looters. And he is building multiple beneficial projects with the money, unlike you PDP criminals only interested in stealing. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Reflect7: 9:30pm On Dec 20, 2021 |
ifiokjohn: Dumbo, Nigeria entered a recession in 2015 after oil prices crashed. Jonathan did nothing but loot the treasury, so there was nothing to fall back on. How the hell was Buhari supposed to banish poverty under such circumstances? Nigeria is an oil-dependent economy, unlike India. Don't use your brain. Be typing ignorant rubbish. |
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