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Obasanjo: Borrowing For Recurrent Expenditure Is Foolish - Politics (5) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Obasanjo: Borrowing For Recurrent Expenditure Is Foolish (16488 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 Dchair2: 8:25am 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.

Calling an elderly person Ode show the kind of upbringing you had. Can't you make your comment without being insulting?
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by geemd434: 8:29am On Sep 20, 2021
lexy2014:


Glad u mentioned amnesia. At what point did Obasanjo govt borrow to pay salaries?

Go and Read. Some of you are just tribalist. You are supporting him because he is Yoruba. If Dem put someone else there you go criticize am. This is the problem of the country. Tribalism. So STFU. Or Go Masturbate Yourself
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by sucess001(m): 8:32am 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.


For a few thousand naira, you will sell your soul and condemn your children to perpetual suffering?
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by geemd434: 8:32am On Sep 20, 2021
Dchair2:

Calling an elderly person Ode show the kind of upbringing you had. Can't you make your comment without being insulting?

You get better upbringing but you dey insult PMB. Yoruba people are a problem in this country the earliest South south recognize it the better. FFK was not a mistake, he is a representation of the tribe.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by sucess001(m): 8:34am 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...


You must be drunk on cow piss.

Some of these kids don't know history. We cleared out our debt completely under OBJ. Go check the records.

There is no leader who can speak about this more than OBJ.

Mumu.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by geemd434: 8:35am On Sep 20, 2021
statesman6:

Fool...
That's single word to describe you...obj is not a saint but his profile is better than Buhari's profile.
Your username is a patriot but you're a parrot

Compare the development in Obj era and that of PMB let's see which is better. Tribalistic slowpoke
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by tonyson010(m): 8:35am 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.


Country won't collapse. But economy will fall, Naira will plunge (it is already crashing) and cost of living will be high( inflation will keep going high while salary will not change) ..........so more than half of the population will be living in poverty, while the elite will be living on the expenses of the masses.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by geemd434: 8:36am On Sep 20, 2021
sucess001:



You must be drunk on cow piss.

Some of these kids don't know history. We cleared out our debt completely under OBJ. Go check the records.

There is no leader who can speak about this more than OBJ.

Mumu.

Obj is a criminal. Name the project obj started and completed during his time.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by chloride6: 8:37am 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.


How can you find projects with recurrent budget?
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 8:38am On Sep 20, 2021
[s]
Dchair2:

Calling an elderly person Ode show the kind of upbringing you had. Can't you make your comment without being insulting?
[/s]

Rubbish....
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 8:39am On Sep 20, 2021
chloride6:


How can you find projects with recurrent budget?


You need to read and follow the topic.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by RodgersAkpafu: 8:40am 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.

I know you will come and talk as usual
The huge monies borrowed do not correlate with the paltry work done
And btw, most of the borrowed money is being used to finance our recurrent expenses side of the budget

This is no time to play politics
Why are we paying so much money for these kinds of contracts
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by RodgersAkpafu: 8:41am On Sep 20, 2021
Dchair2:

Calling an elderly person Ode show the kind of upbringing you had. Can't you make your comment without being insulting?
This is the same dimwit who gets offended when someone throws shots at his Buhari
See his life now ? cheesy
Insulting "elders"
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by RodgersAkpafu: 8:42am On Sep 20, 2021
chukel:
he is more knowledgeable does not rule out the fact that he is mischievous and can be very silly and petty. He just lied about borrowing for recurrent expenditure. If you will be truthful to yourself, dig up all the loans from this adminstration on social media and see projects attached to all. Even the current loan he is trying to get, ipob was complaining south east was marginalised in the projects attached to the loan. Let us always stand for the truth.
Why do you guys always bring up IPOB even when the topic does not warrant it ?
What's wrong with you lot ?
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 8:43am On Sep 20, 2021
RodgersAkpafu:

I know you will come and talk as usual
The huge monies borrowed do not correlate with the paltry work done
And btw, most of the borrowed money is being used to finance our recurrent expenses side of the budget

This is no time to play politics
Why are we paying so much money for these kinds of contracts



Start by listing the projects next to the amount spent on them and also show us why and how they were inflated.

Lazy lousy like you just lie and spew garbage without facts.

1 Like

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by RodgersAkpafu: 8:44am On Sep 20, 2021
rontolo:


You are senseless. Almost all the funds needed for 2022 budget is borrowed. What percentage of our budget goes to recurrent expenditure? Obj is spot on. Buhari is borrowing to fund salaries, buy food in presidential villa and other wasteful ventures.

Nigeria in deep sh1t
It's very easy to spot sycophants from the comments that they make
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by RodgersAkpafu: 8:47am On Sep 20, 2021
NGpatriot:




Start by listing the projects next to the amount spent on them and also show us why and how they were inflated.

Lazy lousy like you just lie and spew garbage without facts.


How about you list the projects
One metric used to value projects is the cost per kilometre
Nothing justifies paying so much money per km of road built
Or the rail

I'm too lazy to go pull out the report from my LinkedIn, but Prof Ndukwe or so did an excellent analysis on the cost per km of like 4 of these projects and compared it with what was done in Ethopia and other countries our peers
It was very shameful
Some of you do not understand the full extent to the crap that we are collectively in

If things dont reverse course
Everybody eye will be clear
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by themanderon: 8:51am On Sep 20, 2021
What do they do with this money? They gather in Abuja and share taking the lions share for their parasitic region and leaving meagre sums for the rest. They now loot the ones meant for their region while their kids go about with plates begging for food. This is wickedness.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by kabiyesi01: 8:51am On Sep 20, 2021
NGpatriot:

People like you (I don't want to use the word "sheep" ) are the reasons Nigeria is backward today.
Lets assume Nigeria was a desert b4 d emergence of Savior Buhari, So all this "gigantic project" highlighted by you are worth 21trn??
Buhari has borrowed twice, as in double more than all Presidents combined since 1960. Yet you are here saying rubbish.
Have you checked how much is $ dis morning? Do you know the tax I pay now has trippled since 2015? Do you know how much Nigerians pay for fuel/litter, yet the amount govt claims to pay on subsidy now has more than doubled that of 2015?

If Obasanjo is a thief, then Buhari is an armed robber. Infact a bandit!!!


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.


Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 8:52am On Sep 20, 2021
[s]
RodgersAkpafu:

How about you list the projects
One metric used to value projects is the cost per kilometre
Nothing justifies paying so much money per km of road built
Or the rail

I'm too lazy to go pull out the report from my LinkedIn, but Prof Ndukwe or so did an excellent analysis on the cost per km of like 4 of these projects and compared it with what was done in Ethopia and other countries our peers
It was very shameful
Some of you do not understand the full extent to the crap that we are collectively in

If things dont reverse course
Everybody eye will be clear
[/s]

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Bachelorette: 8:56am 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.


The wise-fool has spoken
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by SmartMen: 8:57am 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.
They have always known... they don't believe in Nigeria. They want it dead and buried by their action. Na we d masses dey mumu... I do not wish or pray to be here by 2023 election sha...
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 8:57am On Sep 20, 2021
Obasanjo, Others Indicted In Ajaokuta Scandal


Former president Olusegun Obasanjo has been allegedly indicted in a deal associated with the August 1, 2016 modified reconcession agreement of Ajaokuta Steel Company of Nigeria (ASC).

Kogi State born activist and legal practioner, Barr. Natasha Hadiza Akpoti who has continually decried the mismanagement of the steel company , alleged in an open letter to Nigerians, entitled: “Corrupt Practices Surrounding Ajaokuta And Itakpe” that the former Attorney General of the Federation, Mohammed Bello Adoke and current Minister of Steel and Solid Mineral Kayode Fayemi were also culpable.

https://www.ripplesnigeria.com/obasanjo-others-indicted-ajaokuta-scandal/


This man did more damage to Nigeria than any other Nigerian
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by cybertuns(m): 9:03am On Sep 20, 2021
Oblongata:
Thank you for this sir!
You're welcome
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by ofiko123(m): 9:07am On Sep 20, 2021
Obasanjo is history, his comment carry zero weight..
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 9:07am On Sep 20, 2021
Inside The $5.5m NSIA- Umuahia Diagnostic Centre
NIGERIA
By Ifeanyi Onuba On Aug 18, 2020



God Bless PMB..



grin grin

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Akanoaaa(m): 9:13am 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.



You are a very stu pd person I swear. Do you even have sense at all?
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 9:22am On Sep 20, 2021
[s]
Akanoaaa:



You are a very stu pd person I swear. Do you even have sense at all?
[/s]


Typical dumb and unintelligent rant.

It's not by force to comment.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Jamesbiodun(m): 9:32am On Sep 20, 2021
The country is about to collapse, NNPC paying salary for almost two years and not generating 5kobo and not productive, everything is not working fine in this country sad

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