mrmayoh:
We will keep borrowing as long as we subsidized fuel, education, electricity, health etc.

Imagine paying N6.72trn for fuel subsidy, that's stupidity.

Students pay N30,000 per session as fees in Federal Universities and you expect Nigerian University to be great. The cheapest university in South Africa is above 1 million naira.

Let's tell ourselves the truth.

What happened to all the looted money Nigeria government have in their possession . Since Nigeria started drilling oil no working refinery and stable electricity yet you’re comparing Nigeria to those countries.
Abacha for example has been returning loots since he passed on , where in the world have you heard such?
A whole 60 billion dollars budgeted for electricity was looted and no where to be found, where’s the money.

maybe we should kuku sell nigeria to elon musk self abi?

Nigeria is finished, if they borrow this 11trilliion Nigeria will rise to over 54trillion debt... They are selling this country gradually because who will pay this debt... Paying of interest is even hard for them not to talk of paying back.... Niaja is in big shit

mrmayoh:
We will keep borrowing as long as we subsidized fuel, education, electricity, health etc.

Imagine paying N6.72trn for fuel subsidy, that's stupidity.

Students pay N30,000 per session as fees in Federal Universities and you expect Nigerian University to be great. The cheapest university in South Africa is above 1 million naira.

Let's tell ourselves the truth.

What happened to all the looted money Nigeria government have in their possession . Since Nigeria started drilling oil no working refinery and stable electricity yet you’re comparing Nigeria to those countries.
Abacha for example has been returning loots since he passed on , where in the world have you heard such?
A whole 60 billion dollars budgeted for electricity was looted and no where to be found, where’s the money.
Federal government just released 6.5 billion for cattle ranching in Kano state but they can’t settle ASUU to call of strike so that people will go back to school , you think such country is serious for development of pertinent issues.

Deficit at over 100%........ So no money was saved ..........

Nigeria is truly a fantastically corrupt shithole..........

When pdp about leaving office they borrow
Apc top dey borrow


Something is wrong with our system

By the time the next government takes over, there will be no money on ground. Lols..And in 6months time, Nigerians will enter the streets to protest of how clueless the elected president has become in just 6months in office. Buhari; God no go forgive you oo.

Meanwhile, contact me for your Philippine VISA. our office is at Wuse; Abuja. We're reliable and fast. Email: ecomat73@gmail.com

MichaelSokoto:
Earnestly waiting 4 may 29 for dis nightmare 2 b over!

Is not gonna be over not even in 8 years.... Who you think z gonna pay those accumulated debts

mrmayoh:
We will keep borrowing as long as we subsidized fuel, education, electricity, health etc.

Imagine paying N6.72trn for fuel subsidy, that's stupidity.

Students pay N30,000 per session as fees in Federal Universities and you expect Nigerian University to be great. The cheapest university in South Africa is above 1 million naira.

Let's tell ourselves the truth.

And we the citizens are the course abi ?
You expect a parent to pay fee of 1mil with minimum wage of 30k.

How useless is the naira oga ?
Which useless health care are the gov subsidizing ?
Gov officials that travels overseas for treatment.

You want to subsidize fuel, provide buses in every corner of the states to convey people for cheap fee.

You just proved you're a wicked person with that writeup.

Are we completely moving forward or backward? E be like say better days ahead no dey Nigeria o, some people need better flogging so they can receive small sense, make I no call names.

mrmayoh:
We will keep borrowing as long as we subsidized fuel, education, electricity, health etc.

Imagine paying N6.72trn for fuel subsidy, that's stupidity.

Students pay N30,000 per session as fees in Federal Universities and you expect Nigerian University to be great. The cheapest university in South Africa is above 1 million naira.

Let's tell ourselves the truth.

Stop the lies , fuel and electricity is not subsidized ...Are you aware pound for pound Nigerian electricity tarriffs are averagely higher than tarrifs In America..we averagely spend more to buy a kilowatt hour than the Americans ...so please where is the stupid subsidy coming from ? And for subsidy spending I put it's to you over 77 percent is all made up by the corrupt Buhari govt who mysteriously increased daily fuel consumption from 23 million litres to over 100million liters

OMG! 11.3T PoliThieveCians. The country x totally doomed

mrmayoh:
We will keep borrowing as long as we subsidized fuel, education, electricity, health etc.

Imagine paying N6.72trn for fuel subsidy, that's stupidity.

Students pay N30,000 per session as fees in Federal Universities and you expect Nigerian University to be great. The cheapest university in South Africa is above 1 million naira.

Let's tell ourselves the truth.

Think very well before you type.
What is the earning power of South Africans?
What is the benefit you derive from Nigeria as an oil producing country?
How can you relate Nigeria to countries like Germany, Norway, Hungary, Sweden, Finland , etc that practice free education?
Have you checked the tuition fees of the countries that doesn't practice free education and notice that as a hard worker, you can afford those tuition fees?
Let's compare Nigeria to countries of the world with facts and not one sided comparison.

PJ123:


Millions of Obi cannot save the situations!!! He's not even fit for the job!!!!

So who is fit for the job?

DOTian:
I wish Buhari will be in power for another 4 years. He can't borrow the country into the latrine and then hand it over to somebody else.
Buhari should be in power for another 4 to 5 years to supervise the implosion and then explosion of the country as a result of his evil policies.
That will be a good farewell gift to those who continuously voted for him out of ethnic resentments for better alternatives.

What if he continue with the borrowing?

Fulani economics is always bound for disaster, no minister in buhari regime studied economics, or financial management

All this borrowing who will pay back

siatee4me:
And yet some young people are still campaigning for APC. What a shame Ur mumu never do??
It's only a man like OBI that can take us from the mess.

lol. PMB was hailed more than this pre-2015. Look at us now.

Make God chose for us.

Honestly, this current finance minister is the most uninspiring finance ministers I have ever seen. She hardly makes any economic sense and avoids World Economic Forum or any international finance/economic forums like a plaque. Her own is just to sit down in Abuja and be approving nonsense and defending nonsense.

Kemi Adeosun seems far better.

Colb461:
GOD bless you for the question

Don't mind those paid promoters of this failed government. They keep exposing their incoherence and warped judgment as they try to justify every action of this useless and good for nothing government.

PJ123:


Millions of Obi cannot save the situations!!! He's not even fit for the job!!!!

you better leave those pple b4 they insult you...they thought sitting down as a President will just revive a country!

Selfmotivated:

Government should cut down on its expenditure to fight off inflation and national debt

a none productive country cannot fight inflation!

6.7 trillion naira for fuel subsidy!!! Why can't they use this amount to build a new refinery if the excisting ones are damaged beyond repair.

MichaelSokoto:
Earnestly waiting 4 may 29 for dis nightmare 2 b over!

Oh forget about that.
The nightmare will continue until at least 8 months after the said date.
Though cushioned by the expert hands of Peter Obi.
Then watch.
Watch what will happen.
Peter Obi will probe this outgoing government.

siatee4me:
And yet some young people are still campaigning for APC. What a shame Ur mumu never do??
It's only a man like OBI that can take us from the mess.

where will Obi get N11 trillion to fill in the deficit

why are some people so daft

Nawa o

Magnumproperty:
6.7 trillion naira for fuel subsidy!!! Why can't they use this amount to build a new refinery if the excisting ones are damaged beyond repair.

it means ..fuel subsidies will be removed..and PMS will sell above N430 per litre..

My brother even if peter obi tell you the same thing and increase fuel to N430..will you agree

I hope you know that once PMS triple...every other thing especially food must rise

Pearlpop:


Think very well before you type.
What is the earning power of South Africans?
What is the benefit you derive from Nigeria as an oil producing country?
How can you relate Nigeria to countries like Germany, Norway, Hungary, Sweden, Finland , etc that practice free education?
Have you checked the tuition fees of the countries that doesn't practice free education and notice that as a hard worker, you can afford those tuition fees?
Let's compare Nigeria to countries of the world with facts and not one sided comparison.

this is a lie

there is no such thing as free tertiary education in those countries..it is a bloody lie

the institutions in those countries set their school fees at a rate that they are able to pay their lecturers and manage the affairs of the school

that rate is not affordable for the average citizens there ..that is why they have what is called STUDENT LOANS...

Nigerian institutions needs to do the same....
there is a government owned institution that has the same thing done...it called Edo university..their school fees is set at a rate that they can handle all the cost of running the university ....their fee is between 400k and 600k

this is the same thing other institutions should do to permanently end strike.. if any student cant afford it..then the FG through some sort of micro finance banks can introduce at extremely low interest rates ..the same way it is done in sane countries..

if the federal university will have their fees increase to an average of 300k..it will still be one of the cheapest in the whole world

and it will be 300% cheaper than private institutions that pay nothing less than N1 million

dont be foolish..you cant be paying less than $100 for fees and expect the school to function the same as schools whose fees are no less than $2000... it is a mirage

dont defend foolishness

mrmayoh:
We will keep borrowing as long as we subsidized fuel, education, electricity, health etc.

Imagine paying N6.72trn for fuel subsidy, that's stupidity.

Students pay N30,000 per session as fees in Federal Universities and you expect Nigerian University to be great. The cheapest university in South Africa is above 1 million naira.

Let's tell ourselves the truth.

stop defending a failed government...there are many resources in Nigeria which are under utilized but your problem alone is education, even if the Nigerian government decides to make education free across the nations, with good and effective leadership, it will have a negative impact on the our GDP...

You talked about SA while making references with our weak currency, don't you think if naira was more stable with more value it won't amount to such exorbitant price payable in SA...?? Nigeria has a lot of work to do but I can assure you, it can only gets worse because we are solely in love with our oppressors...

ezenwajosh:
Is not gonna be over not even in 8 years.... Who you think z gonna pay those accumulated debts

Buhari & APC govment I meant!

1KOBONAIRA:


Oh forget about that.
The nightmare will continue until at least 8 months after the said date.
Though cushioned by the expert hands of Peter Obi.
Then watch.
Watch what will happen.
Peter Obi will probe this outgoing government.

Buhari & APC govment I meant!

YeePeyHaa:


https://dailytrust.com/fg-may-borrow-n11tr-for-2023-budget-as-deficit-rises-above-100

ilegendd will call out Buhari on this