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Obasanjo: Borrowing For Recurrent Expenditure Is Foolish - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Obasanjo: Borrowing For Recurrent Expenditure Is Foolish (16491 Views)

Kenneth Okonkwo Is Foolish / Ndume Threatens To Relocate Abroad Over FG’s Rising Recurrent Expenditure / Reps Approve More Borrowing For Presidency (2) (3) (4)

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Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by ol2012: 5:04am On Sep 20, 2021
post=105987944:
Says a man/party that borrowed money to pay workers salaries at the period our darling nation made the highest revenue/profits in the sales of crude oil in the history of our nation.
Shameless supporters suffering from collective amnesia too are drawing saliva, hypocrites everywhere.
Tueh...

Guy,
Are you so ignorant of the time Obj was in power or just being mischievous? I get it you must keep BLINDLY supporting your darling Daddy as you call him, but not by telling silly lies.
When exactly between 1999 and 2007 did Obj borrow to pay salaries? You can't be so drunk this early morning to be mistaking Obj for Jonathan. That man said the plain truth and nothing you say here will change it. May we all be alive after 2023 when we shall know exactly what happened regarding corrupt practises during this regime.

8 Likes 1 Share

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by lexy2014: 5:06am On Sep 20, 2021
NGpatriot:
We can see on the ground what PMB did with our money, but we can not see what the looting and stealing OBJ and PDP did without our money because it's all in their foreign bank accounts..
We can really see what buhari did with our money. I can also see buhari in that screenshot as a beneficiary of d looted money.

https://m.guardian.ng/news/nigerias-rail-costs-exceed-aus-estimates-by-over-100/

2 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by lexy2014: 5:08am On Sep 20, 2021
post=105988066:
May God punish all politicians that looted our national treasury, no matter the party they are.
Along with their online thieves and fraudsters

Stop being hypocritical with line of "no matter the party they are". U say it yet u do well to mention d faults of others but avoid mentioning d blatant corruption going on under buhari

https://m.guardian.ng/news/nigerias-rail-costs-exceed-aus-estimates-by-over-100/

5 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by kurupt1: 5:09am On Sep 20, 2021
NGpatriot:
We can see on the ground what PMB did with our money, but we can not see what the looting and stealing OBJ and PDP did without our money because it's all in their foreign bank accounts..

Oil prices are much higher now than under Obj, stop posting shlit to decieve people. U can do ur research if u want

8 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by sevenhundred(m): 5:11am On Sep 20, 2021
NGpatriot:




Aburo agbaya, OBJ awarded and re awarded the contract for Lagos Ibadan railway and still left it dead and abandoned on the drawing board, but PMB's loan started and finished 156km railway with massive and beautiful rail stations.

This same project is extending to Apapa port to transport foods and services from the ports with the new loan.

Aburo agbaya, RESERVE your looting and stealing with no project rubbish for your useless egbon agbaya in otta.


so all this loans you can only point to an uncompleted railway project.

8 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 5:12am On Sep 20, 2021
[s]
lexy2014:

We can really see what buhari did with our money. I can also see buhari in that screenshot as a benefiaru of d looted money.

https://m.guardian.ng/news/nigerias-rail-costs-exceed-aus-estimates-by-over-100/
[/s]


The usual troll and irrelevant off-topic nonsense.

Stay on the topic if you are literate and intelligent enough to do so or go troll elsewhere..
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by toprealman: 5:13am On Sep 20, 2021
Feeding your family now a recurrent expenditure?
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by lexy2014: 5:14am On Sep 20, 2021
NGpatriot:
[s][/s]


The usual troll and irrelevant off-topic nonsense.

Stay on the topic if you are literate and intelligent enough to do so or go troll elsewhere..


We are on d topic except u can explain what your screenshot of dasuki has got to do with d topic.

We can really see what buhari did with our money. I can also see buhari in that screenshot as a beneficiary of d looted money.

https://m.guardian.ng/news/nigerias-rail-costs-exceed-aus-estimates-by-over-100/

2 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 5:15am On Sep 20, 2021
FG borrows N473bn to pay salaries - Okonjo-Iweala


The federal government has borrowed 473 billion naira to meet up with recurrent expenditure including paying of salaries while it is yet to release funds for capital projects.


https://pmnewsnigeria.com/2015/05/06/fg-borrows-n473bn-to-pay-salaries-okonjo-iweala/


After record oil sales and the largest oil earnings in the history of Nigeria, the looting and stealing clowns still borrowed N473b to pay salaries.

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by lexy2014: 5:16am On Sep 20, 2021
NGpatriot:




Aburo agbaya, OBJ awarded and re awarded the contract for Lagos Ibadan railway and still left it dead and abandoned on the drawing board, but PMB's loan started and finished 156km railway with massive and beautiful rail stations.

This same project is extending to Apapa port to transport foods and services from the ports with the new loan.

Aburo agbaya, RESERVE your looting and stealing with no project rubbish for your useless egbon agbaya in otta.



At what cost? Why is it so expensive or are your patrons also looting like Obasanjo who u accuse of looting?

https://m.guardian.ng/news/nigerias-rail-costs-exceed-aus-estimates-by-over-100/

3 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 5:20am On Sep 20, 2021
Nigeria servicing $460 million loan for failed Abuja CCTV project


The House of Representatives Committee on Finance has demanded further explanation on the $460 million Abuja CCTV camera project from the Ministry of Finance.

The Chairman of the committee, James Faleke (APC-Lagos), at a budget defence session with the ministry on Thursday in Abuja, said there was a need for Nigerians to get value for monies paid.

“Before this administration, we collected some loans and the one that strikes me the most is the 460 million dollars for CCTV installation in Abuja.

https://www.premiumtimesng.com/news/top-news/359370-nigeria-servicing-460-million-loan-for-failed-abuja-cctv-project-minister.html


GEJ, the great supervisor of looting and sharing, we are still servicing the loan for this looted rubbish..

1 Like

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by udemzyudex(m): 5:21am On Sep 20, 2021
NGpatriot:
Ode agbaya, the projects the money are financing are some of the ones you useless man refused to touch even though you had the money and decided to do the typical PDP looting and sharing.


Are you normal?

4 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 5:22am On Sep 20, 2021
This looted funds was enough to build 2 Lagos Ibadan railway without borrowing 1 kobo, but the great PDP looters looted every kobo.

2 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 5:23am On Sep 20, 2021
udemzyudex:


Are you normal?


It's not my fault that you see abnormal in the mirror all day.

1 Like

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by udemzyudex(m): 5:26am On Sep 20, 2021
post=105988066:
May God punish all politicians that looted our national treasury, no matter the party they are.
Along with their online thieves and fraudsters

Typical, ignoring the msg and trying to accuse someone else, you forgot that baba also supported Buhari, he was among the people that gave him support to win the 2015 General election, it is now a crime to ask questions in this government, anybody that ask questions is against the government.

You should be ashame of yourself for reasoning like a kid here,just imagine the nonsense you've been posting here.

Smh

7 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 5:26am On Sep 20, 2021
N51 Trillion, no hospital, no road, no bridge, no electricity, no refinery, nothing, just looting and stealing...

And borrowing hundreds of billions to pay salaries..

2 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by PointZerom: 5:27am On Sep 20, 2021
NGpatriot:
Ode agbaya, the projects the money are financing are some of the ones you useless man refused to touch even though you had the money and decided to do the typical PDP looting and sharing.


When will you get sense?

4 Likes 2 Shares

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Nobody: 5:28am On Sep 20, 2021
Nigeria in the last 6 years !!
Its finish we are in the negative.
Why all this things affects you,no village people is doing you ooo.

Nigeria is a country where people, are suffering and smiling- A Nigerian will buy a generator to feel rich, like he is doing better than his neighbors,because the country cant assure him of a steady power supply,buy a car to drive in a bad road ,build a mansion surrounded with huts ,build a prison gate and secure himself and feel rich .
Thats poverty of the mind

This is just simple economic.
Look at Nigeria Economic index.This is why they want to keep Nigeria one .

2 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Abujason: 5:28am On Sep 20, 2021
udemzyudex:


Are you normal?

No he is not

2 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Abujason: 5:29am On Sep 20, 2021
PointZerom:


When will you get sense?

Nevee

1 Like

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by wink2015(m): 5:30am On Sep 20, 2021
themosthigh:
I am beginning to believe that our political class believe that this country is going nowhere and will collapse in the future. That is why they are borrowing out of control and sending their children abroad so that when the country finally Collapses, their descendants will be off it. But we will surely pull through and their plans will fail woefully.

To pull through we got to stop Major General Buhari ( rtd )

1 Like

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by udemzyudex(m): 5:30am On Sep 20, 2021
NGpatriot:



It's not my fault that you see abnormal in the mirror all day.

Bro you're not normal, just look at the nonsense you're posting here,you call yourself Nigeria patriot but you only put the interest of your party first, who are you deceiving?

Borrowing over 21trn in 6 years is a good thing to you right? I know some of you will say borrowing is not bad as long as it is used for infrastructure, Pls tell us or even show us what they have used all the money they borrowed for even the recovered loot and returned Abacha loot?

You better change your moniker to APCpatriot and stop deceiving yourself.

6 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 5:30am On Sep 20, 2021
PointZerom:


When will you get sense?


The fact that you have no sense doesn't mean the same applies to others..
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 5:31am On Sep 20, 2021
udemzyudex:


Bro you're not normal, just look at the nonsense you're posting here,you call yourself Nigeria patriot but you only put the interest of your party first, who are you deceiving?

Borrowing over 21trn in 6 years is a good thing to you right? I know some of you will say borrowing is not bad as long as it is used for infrastructure, Pls tell us or even show us what they have used all the money they borrowed for even the recovered loot and returned Abacha loot?

You better change your moniker to APCpatriot and stop deceiving yourself.


What is this one blabbing about?

What's party got to do with loans and projects?

Only APC people ride on the train financed with the loan?

Only APC drive on the roads and bridges financed with the loan?

Pick up your brain from under your political jaundice shoes.

2 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by PointZerom: 5:32am On Sep 20, 2021
NGpatriot:



The fact that you have no sense doesn't mean the same applies to others..

I don't expect sound argument from the child of a lunatic.

6 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Destress: 5:35am On Sep 20, 2021
Ok
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 5:35am On Sep 20, 2021
PointZerom:


I don't expect sound argument from the child of a lunatic.


What you see in the mirror all day, everyday



Ndo..
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 5:37am On Sep 20, 2021
grin grin grin

1 Like

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by PointZerom: 5:40am On Sep 20, 2021
NGpatriot:



What you see in the mirror all day, everyday



Ndo..

I am sure you're at the mkt square, that's where they stays.

3 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by wink2015(m): 5:40am On Sep 20, 2021
One of the reasons why Buhari is not getting result from borrowed money is that he used sectional and ethnicity factor to spend these borrowed funds
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 5:44am On Sep 20, 2021
PointZerom:


I am sure you're at the mkt square, that's where they stays.



Back to sender...

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