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Obasanjo: Borrowing For Recurrent Expenditure Is Foolish - Politics (6) - Nairaland

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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 OgatheTop: 9:33am On Sep 20, 2021
The block head has borrowed 40 billion dollars in 6 years.

1 Like

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Rexymania(m): 9:41am On Sep 20, 2021
Obasanjo you were never better, but I think you are 1% better than that fool called buhari
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Owilar(m): 10:05am On Sep 20, 2021
I don't know where the economic experts are taking us to, maybe they want to sell us out
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Nobody: 10:13am On Sep 20, 2021
Again, you gave a definition of what here? Uncollapsible country eh.
tonyson010:



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 Kay25(m): 10:48am On Sep 20, 2021
NGpatriot:




Google, read the news and keep up with current affairs..

den u are not sure of what u are saying if u can't tell me one Mr patriot or parrot deni
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Codes151(m): 11:03am On Sep 20, 2021
HandsomeHITLER:
Please let the foolish president understand that there's still life after his stupid government.
as in... it's the height of stupidity.

And they still think they are fit to rule.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Standing5(m): 11:24am 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.

what stupid projects ?
The lanky demon vessel is borrowing to pay salaries. That's wicked politics. If the workers are not productive enough to cover their salary, lay them off instead of borrowing for the next leader to come and pay. How much is FG revenue if it may ask?
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by chukel(m): 11:34am On Sep 20, 2021
RodgersAkpafu:

Why do you guys always bring up IPOB even when the topic does not warrant it ?
What's wrong with you lot ?
it is just to prove to you that all his loans have capital projects attached to it. I used that cos it made headline in dailies and even nairaland.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Standing5(m): 11:34am On Sep 20, 2021
ednut1:
Buhari has no choice than to borrow. If obj or gej was president it would be same. So baba gtfoh
oil prices were lower under OBJ yet he repaid a humongous loan and kept indices far better. Buhari is the problem. He is borrowing to do project just out of selfishness and not with the aim of boosting productivity or growth of the economy.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Bimpe29: 11:42am On Sep 20, 2021
May God help us out as it's really disturbing and devoid human comprehension why things are the ways they have been.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by faithfull18(f): 11:52am On Sep 20, 2021
purpinkx:
The height of it is that Senator's 10m+ salary also comes from this borrowed fund, but doctors can't be paid.
.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 2:38pm On Sep 20, 2021
[s]
Kay25:

den u are not sure of what u are saying if u can't tell me one Mr patriot or parrot deni
[/s]




Obviously, you are not educated and intelligent enough to follow a simple internet discussion. Take a seat amd keep quiet.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 2:42pm On Sep 20, 2021
[s]
Standing5:
what stupid projects ?
The lanky demon vessel is borrowing to pay salaries. That's wicked politics. If the workers are not productive enough to cover their salary, lay them off instead of borrowing for the next leader to come and pay. How much is FG revenue if it may ask?

[/s]


If you are going to rant and defend your useless looting and stealing PDP uncles, show us what they gave Nigeria with all the money they accumulated.


They earned more money from oil than PMB stat they can build and develop Nigeria without borrowing 1 kobo, but they looted every kobo.

Before your next sill post, make sure you list what they did and their16 years of achievement, including the projects they commissioned in your village.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 2:48pm On Sep 20, 2021
The reason why we borrow today, the looting and stealing clowns left a crippled economy. looted funds without a single major project to show.


GEJ collected N51 billion without 1 single road, no single bridge, no single hospital, no refinery, no electricity, nothing, just looting and stealing.

Now the useless crooks and hypocrites that destroyed Ni8geria want to talk about debt.

Olodo GEJ Borrowed N473 Billion to pay salaries till his last week in office...

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 2:52pm On Sep 20, 2021
Up until May 2015 the same month they left office, they were borrowing to pay salary after collecting the largest oil earnings in the history of Nigeria..


They need to be shot for crimes against humanity.

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 2:59pm On Sep 20, 2021
For 16 years, OBJ and his looting and stealing PDP collected Trillions, but no road, no bridge, no hospital, no refinery, no electricity, nothing and they still borrow massively to pay salaries until their last week in the office before handing over yo PMB.What a bunch of crooks.

They abandoned thousands of projects all over Nigeria, Nigerians benefited nothing from their 16 years of debts and looting and stealing.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Standing5(m): 3:29pm On Sep 20, 2021
NGpatriot:





If you are going to rant and defend your useless looting and stealing PDP uncles, show us what they gave Nigeria with all the money they accumulated.


They earned more money from oil than PMB stat they can build and develop Nigeria without borrowing 1 kobo, but they looted every kobo.

Before your next sill post, make sure you list what they did and their16 years of achievement, including the projects they commissioned in your village.


you mean there was more money under OBJ than under the Lanky Demon Vessel?
Irredeemable creature.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by statesman6: 3:37pm On Sep 20, 2021
geemd434:


Compare the development in Obj era and that of PMB let's see which is better. Tribalistic slowpoke
The funniest thing about you is that you said *tribalistic* how does that equate with obj and Buhari's tenure that I quoted.
You're off point mongrel
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by lexy2014: 4:02pm On Sep 20, 2021
geemd434:


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

U really haven't said anything meaningful. How did u arrive at ur conclusion that "some of us are tribalists"?

How did u arrive at d conclusion that I am supporting Obasanjo and that I am doing so because he is Yoruba?

What tribe do u think I am?

If u say that d problem is tribalism, what has d question that I asked got to do with tribalism?

What is correlation between reading and d question I asked? If u read, how come u weren't able to answer d simple question I asked:

"At what point did Obasanjo govt borrow to pay salaries?"
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 4:14pm On Sep 20, 2021
Standing5:
you mean there was more money under OBJ than under the Lanky Demon Vessel?
Irredeemable creature.

Elementary student, you won't read and keep up with current affairs, you just open your mouth to embarrass yourself.

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Standing5(m): 4:21pm On Sep 20, 2021
NGpatriot:


Elementary student, you won't read and keep up with current affairs, you just open your mouth to embarrass yourself.


you are so irredeemable. Keep at it as I love the stats.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by writeprof(m): 4:22pm 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.

You're still believing at this point... grin
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 4:23pm On Sep 20, 2021
SPECIAL REPORT: Nigeria’s four seasons of lavishness with N15.46 trillion Excess Crude Fund

https://www.premiumtimesng.com/news/headlines/312330-special-report-nigerias-four-seasons-of-lavishness-with-n15-46-trillion-excess-crude-fund.html

OBJ - $33.74 Billion

Jonathan - $45.56 Billion

PMB - $2.49 Billion.

Just look at the difference, so massive.

Still, they did not build road, no bridge, no hospital, no refinery, no electricity.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 4:27pm On Sep 20, 2021
OBJ - $33.74 Billion



PMB - $2.49 Billion.


OBJ spent 8 years in office and accumulated $33.74 Billion, 16 x more than PMB, still, useless OBJ left office with nothing to show, the man should be covering his big head in shame..
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 4:30pm On Sep 20, 2021
Jonathan - $45.56 Billion

PMB - $2.49 Billion.

22 X more than what PMB earned


https://www.premiumtimesng.com/news/headlines/312330-special-report-nigerias-four-seasons-of-lavishness-with-n15-46-trillion-excess-crude-fund.html


Jona accumulated the largest ever, but he did not commission any road, no bridge, no hospital, no refinery, no road, no electricity.

What did OBJ and Jona do without money?

How come it is only PMB with his smallest earnings that we can see commissioning major projects?

God punish OBJ and his looting and stealing PDP gang.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by sucess001(m): 4:49pm On Sep 20, 2021
geemd434:


Obj is a criminal. Name the project obj started and completed during his time.

He is the reason you can come online and type rubbish. He opened up telecoms industry. He got all our debts cancelled. He got us respect in committee of nations. He kept dollar low and economy ticking.

Tell me what your current boss has done which is anywhere close to this...
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Kay25(m): 7:25pm On Sep 20, 2021
NGpatriot:
[s][/s]




Obviously, you are not educated and intelligent enough to follow a simple internet discussion. Take a seat amd keep quiet.


u dat is educated but acting like an aliterate nko..simple defence u can't do what's now the essence of your whole vocabulary that u know..waste on waste chaii wake up man and stop dreaming in the fantasy land of your pride
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by BareFacedLies(m): 4:29am On Sep 21, 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..
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by lexy2014: 10:23pm On Sep 21, 2021
NGpatriot:



OBJ spent 8 years in office and accumulated $33.74 Billion, 16 x more than PMB, still, useless OBJ left office with nothing to show, the man should be covering his big head in shame..


what has come of this? any update or progress? how have d lives and living standard of nigerians improved since 2015?

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 10:43pm On Sep 21, 2021
[s]
Kay25:

u dat is educated but acting like an aliterate nko..simple defence u can't do what's now the essence of your whole vocabulary that u know..waste on waste chaii wake up man and stop dreaming in the fantasy land of your pride
[/s]


Not interested in your BiafraNISTAN ipobian Taliban nonsense.

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by juman(m): 10:50pm On Sep 21, 2021
Nigerian generals -- oloriburuku oleeeeeeeeeeeeeee.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Akanoaaa(m): 3:00pm On Sep 24, 2021
NGpatriot:
[s][/s]

Typical dumb and unintelligent rant.
It's not by force to comment.


Typical dumb, fo.lish, unintelligent northern slave.

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