michoim:
The borrowings was caused mainly by Niger Delta avengers during their 2 years operation 'Zero economy' when they crippled oil production. It is also caused by Corona virus and the fall in crude oil price globally then. Also the need for external borrowings for critical infrastructural development was their...as well as jumbo crude oil theft

You arrived late.
Kindly tell us the two years avengers crippled oil production.
Also what happened to the foreign loans because your maths simply don't add up. 22trn is equivalent of the first four budgets of this administration. Do you imply that the first four budgets of this administration was wholly financed via CBN loans?
No customs remittance, VAT, NNPC receipts etc for a whole four years? Wow!! Nigerian citizen

Na now them dey notice am?

Kobonaire234:


True, but APC should have developed countermeasures...like diversificaiton, and also improving security.

I'm ashamed you agree with him. I used to think you're smart

Agbegbaorogboye:

I'm ashamed you agree with him. I used to think you're smart

Read my comment again. Especially the bit about countermeasures.

Thank you.

There were problems, the issue is, APC did nothing to solve them. Or just borrowed more. There were things they could have done.

abokimallam:
Why are we Nigerians bleating over the obvious damage to our economy by the politician , masquerading as CBN Governor, Mr Emefiele, as if we don’t know what to do. It is the duty of the National Assembly to impeach the CBN Governor if he broke the law establishing the CBN.The constitution gives them the power. If the National Assembly fails to do that, then they are accomplices, perhaps because he gives them dollars behind the door.
Let the National Assembly impeach Mr Emefiele, because the President doesn’t have that power.

You are truly an abokimallam

Anyone heard of COVID?

The works superpowers were printing money to survive, hundred times what Nigeria printed.

Kobonaire234:


Read my comment again. Especially the bit about countermeasures.

Thank you.

There were problems, the issue is, APC did nothing to solve them. Or just borrowed more. There were things they could have done.

Are you now saying the borrowing was justified as that man claimed?
Check the figures and ask yourselves why the president and his cabal resorted to borrowing so much money in a way that does not require approval or scrutiny if not for nefarious intents. 23trn!! That's the equivalent of this administration's first four budgets. Each budget is preceded by a finance bill which lays out budget financing plans. How come these CBN loans were never reflected in the bills for each year? All of a sudden, there's a seven year borrowing from the CBN totalling 23trn. C'mon man!! You should be smarter than this.

Nigeria is finished ....i beg my nigerian youths save this country only you and your votes can do it ...Shape your own destiny !!

amc:
Anyone heard of COVID?

The works superpowers were printing money to survive, hundred times what Nigeria printed.

Covid started in 2015?
Why are you people like this

Agbegbaorogboye:

.....You are an oppressor, and an oppressor...and an oppressor..

Thanks. Good morning and have fun.

Kobonaire234:


Thanks. Good morning and have fun.

Mtcheew.
You're the same guy who always cries about subsidy.
Here's the govt subsidizing itself by itself and you're suddenly pliant, understanding and rational.
Hypocrite

Agbegbaorogboye:

You are an oppressor, Mtcheew. You are an oppressor, mtcheewww....

Kobonaire234:


True, but APC should have developed countermeasures...like diversificaiton, and also improving security.

I disagree completely here. Your opinion neglects more basic issues that Nigerians prefer to ignore. In this case property rights, but who cares about such things.

, your attention is needed, come and see the amazing handiwork of your darling daddy and his APC goons.

amc:
Anyone heard of COVID?

The works superpowers were printing money to survive, hundred times what Nigeria printed.

Covid is a very convenient excuse even in 2015



In fact when APC leaders instigated Nigerians against Jonathan's removal of fuel subsidy in 2012 they were thinking ahead about Covid.
Of course, Nigerians are very smart, they can see the future.

IbeOkehie:


That is also my take on the situation. Nigerians voted for a party whose leaders claimed that fuel subsidy didn't exist!

No surprise APC got into government and just ordered the CBN to print money for them to spend.

I've been repeating it...that Nigerians got exactly the government they deserve. I won't be surprised if APC wins the Presidency in the coming elections.

Nigerians don't do logic or facts. Nigerians are a very special people.

Things like logic and fact is alien to Nigerians...emotions and sentiments rule them. If Nigerians were a logical people someone like Buhari would NEVER have been president after toppling a democratically elected government of the people and by the people. Nigeria is a country that actively rewards bad behaviours.

Dbegining:
Funny enough, I can't find any pro APC person on this thread

They are still sleeping, idiots

IbeOkehie:


I disagree completely here. Your opinion ignores more basic issues that Nigerians prefer to ignore. In this case property rights, but who cares about such things.

Methinks that if the APC government had been serious about diversifying the economy, plus removing subsides from day one in 2015, not delaying..we may have had some prosperity eventually.

Then there is improving the tax to gdp ratio as well. As well as ending price controls on power supply.

Even taking the covid menace into account.

michoim:
The borrowings was caused mainly by Niger Delta avengers during their 2 years operation 'Zero economy' when they crippled oil production. It is also caused by Corona virus and the fall in crude oil price globally then. Also the need for external borrowings for critical infrastructural development was their...as well as jumbo crude oil theft

See them excuses as usual.

Kobonaire234:

People like you are paid agents. It's more obvious by the day. I thought you're pro-market.
This is a direct violation of market economy principles and you're comfortable with it.

Agbegbaorogboye:

People like you are paid agents. It's more obvious by the day. I thought you're pro-market.
This is a direct violation of market economy principles and you're comfortable with it.

You better calm down. This is a site. Not your life.

Agbegbaorogboye:

Stop mouthing nonsense.
You know nothing
You're a fraud
Diversify the economy
Remove subsidies (including those already removed but you're too dumb to know)
Increase tax to gdp ratio
All so they can have more money to loot right
.... And pay you you're stipends as an online propagandist

This is a site. It is not your life. Calm down...calm down.

Agbegbaorogboye:

I'm very much aware
And it's your life not a site
People like you are the reason this country can't get better
Always making excuses for govt failure while forming smart

You should not let avians build their places of abode on thy crown.

Agbegbaorogboye:

Dumb nonsense.
They pay peasants like you 30k to come online and defend them
How do you even live such a life defending thieves and you're happy
Your should be ashamed of yourself

Ah yes, and you believe that Jesus is your saviour, yet you use such language, and lie repeatedly.

Good morning.

Kobonaire234:


This is a site. It is not your life. Calm down...calm down.

Always excusing govt failure under the guise of subsidy removal
I get the gist now. You're being paid to push the narrative that the country's problem is that the people want govt to feed and take care of their daily living
More like a principle that says the people are the problem, not the govt right?
I get it now

Agbegbaorogboye:

Always excusing govt failure under the guise of subsidy removal
I get the gist now. You're being paid to push the narrative that the country's problem is that the people want govt to feed and take care of their daily living
More like a principle that says the people are the problem, not the govt right?
I get it now

You should calm down

Really for someone who claims in his signature to be

Ojú ntaná, kùkùté nsòrò. I beleive that Jesus is the Son of God and Saviour of the world. Any other god na soso yeye

he heedeth not the words of his own bible which sayeth...be slow to anger...

Both should be in jail
Emwfiele and Buhari

Agbegbaorogboye:

Mtcheew.
You're the same guy who always cries about subsidy.
Here's the govt subsidizing itself by itself and you're suddenly pliant, understanding and rational.
Hypocrite

You must be really hurt.

Again calm down. For someone who claims to be a christian, and a follower of the christman, you are doing a lot of disservice to your lord and liege in the heavens...

Anyway, last word to you...calm down, and don't let other people's opinons get to you. I disagree with a lot of people here, but I don;t make it my life;s ambition to be so antagonistic .

Remember you follow the christman....not the other man.

Like some people don't get my point

Instead of government to violate its own rules and get loans from CBN

1,They should have removed subsides on power and petrol...attract investors and more investment and money

2.Actually diversified the economy

3.Collected more and more taxes...improve the tax to gdp ratio to 20-30%

4.Improve security.

It is what they were voted for..to change things.

The borrowing is at the end, what we have when government avoids the truth, and plays with lies.

Anyway, I ain't voting for APC, or PDP, or LP, or NNPP, or SPD. Never have, never will.