aworatak: This should not be a surprise. He is serving under an administration that has accumulated the highest level of loans in history. He is simply joining the bandwagon.
You cannot separate the wheat from the chaff in this scenario.
Any idea why supposedly sensible people like NOI are praising this renewed hopelessness of balablu bulaba propaganda lies
Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun made this known at the end of the inaugural Federal Executive Council meeting in Abuja. Mr. Edun said that the benefit of the subsidy removal will be plough back into various sectors to improve business environment for local and foreign investment. He added that with the increased revenue from subsidy removal, various palliatives have been made available to cushion its effect on a short, medium and long-term basis.
Ofunaofu: Report: Current Govt Added More Debt in Two Years Than Nigeria Accumulated in 55 Years
• Decries Nigeria’s debt service-to-revenue ratio
•Urges FG to declare fiscal emergency
A new policy brief has warned that Nigeria’s worsening debt profile and weak revenue generation have pushed the country into a dangerous fiscal position, with the current administration accumulating more debt in two years than Nigeria recorded during its first 55 years after independence.
The report, released by the Alliance for Economic Research and Ethics LTD/GTE, a Nigerian policy think tank, argued that the country’s debt crisis has evolved into a governance and revenue emergency, as debt servicing obligations now exceed the federal government’s retained earnings. > > According to the think tank, Nigeria’s public debt rose sharply from N87.38 trillion in June 2023 to N159.28 trillion by the end of 2025, with President Bola Tinubu’s administration accounting for about N65.9 trillion of the increase within its first two years in office.
The organisation in the brief titled: “Nigeria Is Borrowing to Breathe—and the Clock Is Ticking”, noted that Nigeria accumulated only about N12.06 trillion in debt from independence in 1960 up to 2015, meaning the current administration added more than five times that amount in just 24 months.
The report stated that while previous governments also contributed significantly to the country’s rising debt burden, the speed of accumulation under the current administration had intensified concerns over fiscal sustainability.
“President Bola Tinubu’s administration has added a further N65.9 trillion in just two years. To put that in perspective: it took Nigeria’s first 55 years of independence to accumulate N12 trillion in debt. The current administration has added more than five times that amount in 24 months,” it argued.
It recalled that Nigeria briefly became almost debt-free externally after the administration of former President Olusegun Obasanjo secured an $18 billion Paris Club debt relief package in 2005 and paid $12 billion to extinguish about $30 billion in external obligations.
Parachoko: Atiku and Peter Obi Will Never Become The President Of Nigeria
Tinubu and APC will never make Nigeria as good as Atiku and PDP made it for 16 years.
Nemere2020: The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.
He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.
He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.
“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.
“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
LagosOrigin: Osun state people actually collected the money from APC and still vote for Adeleke of Accord party 😂
It happened in 2022 against APC’s Oyetola when he failed to win a second term.
It’s also a rehash of how Yorubas voted against Akintola in the First Republic despite money inducement and violence, which triggered the January 1966 unsuccessful coup attempt, as the people resisted federal government rigging. The slogan was:
Bí ó rí ọwọ mi ò kò rí inú mi, Dẹmọ ni mo wá
Thankfully for Jagaban, he didn’t allow himself to be the cause of the collapse of this democracy.
Cromagnon: why is apc propaganda everywhere Does the governor not have at and radio station or social media page Are news papers all apc supporters If you work we don't need to find anything It will be in the public sphere All we see is dancing governor How does that put food on Ppls table or provide electricity
It’s useless expecting you to know what is happening in Osun, apart from the misinformation provided by APC propagandist liars.
When did states start doing electricity?
In any case we have adequate electricity from APC propaganda machine.
Cromagnon: What is he doing exactly besides dancing
Stop listening to APC propaganda and start finding out what’s happening in the state, to know that Adeleke has brought light to end APC darkness since 2022.
This darkness is what Oyetola’s lackey and former finance commissioner want to bring back.
Olalere Oyewumi, Director-General of the Imole Campaign Council (TICC), discloses that the Administration of Governor Ademola Adeleke has cleared 18 months out of the 30 months of half-salary arrears inherited from the immediate past administration in Osun State under the All Progressives Congress (APC)
jogojogo: I see some clueless people or those who are seeking consolation by all means celebrating the losing of APC as a lost for Tinubu. This is actually a win for him. It’s in the interest of Tinubu for Adeleke to win. Adeleke sought to join APC but the selfish APC politicians in Osun blocked that. Tinubu was not happy but decided to stay neutral.
Why did the master strategist unleash law enforcement agents and thugs in NURTW agbero arm of APC to destroy Osun State, just like they did before 2015 when they imported terrorists to destroy Nigeria, if he was neutral
By the way, what else is he supposed to be, apart from being neutral as the president?
Mathewrichard99: Aren't you a Nigerian? The answer is Yaraduan, sorry, I meant Naira do am. Despite APC flaws in governance, that party always have the antidote to gather votes for themselves. Ebinpa wa, we are hungry and we need food or money to buy food and of cours, APC get am yanfuyanfu....
Does A-looter Propaganda Conmen, APC have it yanfuyanfu, because they steal more than their opponents, hence why the economy and the country have become worse in 11 years of their balablu bulaba clueless governance
Olofofo247ng: Sanwo-olu built and commissioned this beautiful Fresh Food market without making noise like he’s the messiah.
I love the way he’s interacting with the sellers. One would think he’s campaigning for 3rd term.
Do you know how many teachers he has employed to make education free for all their children, instead of the miserable ratio of less than 5% public schools in the state
dequir: According to your warped mind. And you from which gutter were you picked up?
What warped mind does Oyinlola have, and from what gutter did YOU pick him up from, like the iyaloja Oshodi Mogaji may have done for the northerner from Guinea, Jagaban of Borgu?
The master strategist in Aso Rock has to be careful not to overplay his hand, like Shagari did in 1983 with Omoboriowo, thereby giving Buhari the chance for his only successful coup against democracy institutions in local, state and federal levels at législative and executive branches.
7upnigeria: If you and your family dey suffer, go and do better soap to wash away your family curse. Dont drag other people into your family curse problem. PAST RECORD shows OBI WILL CREATE MORE SUFFERING if he finds himself in leadership position again JUST LIKE HE DID IN ANAMBRA. Tinubu has a far better record when it comes to reducing poverty, OBI ONLY INCREASES POVERTY
Is Tinubu's record based on growing Lagos budget 100 times but failing to employ teachers for the free education of all children, even as a progressive?
If Lagos has less than 5% schools owned by government, then what do you think that Tinubu, Fashola, Ambode and Sanwo Olu have done with money apart from looting
dequir: The APC "looters" deserve another 4 years in government to enable us continue enjoying the Dangote magic without the interference of the Atikulooters.
Are you able and willing to share details of HOW Atiku is a worse looter THAN Tinubu?