₦airaland Forum

Naija people...anything dem no understand is either miracle or juju

This guys go disgrace africa..just 9mins

mrmayormedia:
By : Adenike Ibirogba

Date: 11 June 2026 12:13pm WAT

There has been public commentary that has portrayed the current administration under President Bola Ahmed Tinubu as Nigeria’s most aggressive borrower since the return to democracy in 1999, with some commentators saying it has borrowed more than all previous democratic administrations combined.

However, the available evidence does not support these conclusions. In May 2023, Nigeria’s external debt stock stood at approximately $42.5 billion when President Tinubu assumed office, and by December 2025, it had risen to approximately $51.9 billion, representing a net increase of around $9.4 billion. By contrast, Nigeria’s external debt increased from approximately $10.3 billion in 2015 to $42.9 billion by 2023, representing a net addition of about $32.6 billion during the Buhari administration.

This evidence, therefore, indicates that the largest increase in Nigeria’s external debt stock in the democratic era occurred between 2015 and 2023, and President Tinubu is not Nigeria’s largest borrower since the return to democratic rule in 1999.

Nigeria also faces a genuine fiscal challenge. Much of the apparent increase in Nigeria’s debt stock in naira terms reflects the exchange-rate revaluation of inherited foreign-currency obligations, rather than equivalent new borrowing.
It should also be noted that the most significant fiscal constraint facing Nigeria today is debt service, which absorbs a substantial proportion of government revenues. Rising debt-service obligations accumulated over many years continue to constrain fiscal space for infrastructure, healthcare, education, security, and other critical expenditures.

Nigerians should also bear in mind that external debt obligations are contracted and repaid in foreign currency, with the dollar being the denominant measurements used for comparison across administrations. Following exchange-rate unification in June 2023, the naira depreciated significantly against the US dollar. This had a substantial accounting effect on the domestic valuation of Nigeria’s external debt stock. The approximately $42.5 billion inherited by the current administration was valued at around ₦19.6 trillion under the previous exchange-rate regime. After revaluation at market exchange rates, the same stock appeared substantially larger in naira terms.

It can, however, be said that this claim of unprecedented borrowing under the current administration stems largely from the revaluation of inherited foreign-currency obligations following the June 2023 exchange-rate adjustment.

This increase did not arise because the government borrowed tens of trillions of naira in new external obligations. Rather, it shows the massive effect of applying a weaker exchange rate to an existing stock of foreign-currency debt. Comparing debt figures expressed in naira before and after exchange-rate adjustment, without controlling for these valuation effects, creates a misleading impression of debt accumulation.

The majority of the criticism surrounding Tinubu’s borrowing record has been focused on external debt, with the domestic figures adding important context. In dollar terms, domestic debt eased from about $65.6 billion in Q1 2023 (Buhari era) to $59.1 billion by end2025 (Tinubu era), a decline of roughly $6.5 billion. That sits against an increase of around $11.6 billion during the Buhari years. In adding domestic and external debt together, total public debt rose by only about $2.7 billion in dollar terms between Q1 2023 and Q4 2025, even though the naira headline rose by roughly ₦109.4 trillion over the same period. Both figures are correct, but only the dollar measure reflects actual new borrowing.

Between Q1 and Q2 2023, the naira value of external debt rose from ₦19.6 trillion (Buhari) to ₦33.2 trillion (Tinubu) with little change in dollar terms, reflecting exchange rate unification and revaluation of existing debt. In the same period, domestic debt increased from ₦30.2 trillion (Buhari) to ₦54.1 trillion (Tinubu), driven primarily by the securitisation and balance sheet recognition of ₦23.9 trillion in Ways and Means advances; previous Central Bank overdrafts accumulated under Buhari and subsequently converted into marketable government debt instruments. These movements represent accounting reclassification and stock revaluation adjustments, not incremental fiscal borrowing flows.

In conclusion, a fact-based assessment of Nigeria’s debt profile leads to one clear conclusion: the central challenge facing Nigeria today is not merely how much has been borrowed, but how inherited obligations, debt-service pressures, and limited revenues constrain the country’s development ambitions.

https://guardian.ng/news/who-borrowed-most-nigerias-presidential-debt-record-1999-2025/

Bunch of borrowers

Mko ...is our man o

Hope 93 ..On the march again

Na him go make our Country better

I say make we vote for am my brother

I say make we vote for am my sister

Na him be our only hope o

Na him be hope for tommorow

https://vm.tiktok.com/ZNRcM7G7v/

Still a loss

WC is the peak

A terrible wc

Fake protest..they ll still collect 2k next yr

geoworldedu:
Did you read the story?

Na you get comprehension issue

KosiGee:
Senegal beat England with their best players and first team. Ivory Coast did same against France. Cameroun beat Brazil with the first 11 and best team at the time just same way Nigeria beat Spain in 98 with our best team against Spanish elite squad.

We can make valid excuse that Nigeria did well against a top team like Portugal with some of the best players in the world….Vitinha and Mendes just won the champions league, old war horse Ronaldo performed poorly against young untested and unknown Nigerian players.
Portugal is a top team and we played them away with relatively unknown players.

If you are not happy with that, go and replace them or show them how to do it.

What yr una beat spain? Over 25yrs ago. Abeg wake up, this is 2026

robosky02:
Ronaldo never retire

Even Ahmed Musa never retire officially

Why not mentioned those that did in that age bracket

DaddyGoo:
At 30? At least 4-5 years of pro football left.

National team is a different story

Yinmu

Ave retirement age is 30-33ys

Na gk dey enjoy more

Na women dey seek SM validation

obembet:
It was a bad day for a Port Harcourt content creator after his actions allegedly led to an accident
.
The creator was filming and hyping a Mercedes GLK while the driver was on the road. In the process, he reportedly distracted the driver, causing him to lose focus and crash. He is now being accused of contributing to the accident due to the distraction from his filming.

Source:

moment content creator cause serious accidents in port Harcourt@instablog9ja @yabaleftonline pic.twitter.com/HywUH7n5Xn

— obembet (@obembet2015) June 10, 2026

Gbese

Hes nearing retirement

Ayomisure:
I went to a teaching hospital to see a doctor today for a case of internal haemorrhoid, to cut long story short, this man say he wan do rectal examination, say mah face wall off trouser, I no first understand 😂💔
Omo, I no get choice o, if you see wetin this man dey chook me like say I say I offend am, worst thing be say, no be only him dey there, Omo I just bow my head, I no fit talk anything 😂💔

Health matters..not your bum bum

nlfpmod:
Tenant destroys an apartment he spent millions renovating after receiving quit notice from landlord in Port Harcourt.

The landlord increased the rent times 2 of what he initially paid.

Port Harcourt: “After Spending Millions To Renovate This Apartment, My Landlord Decided To Give Me a Quit Notice… So I Decided To Surprise Him With This.” ~ Man Reacts 👀🙆🏾‍♂️ pic.twitter.com/6aMR4TZ61o

— Somto Okonkwo (@General_Somto) June 9, 2026

As it should be...some landlords are evil

You go run back when tax hold your neck

Beware 2026 wcup champ is back

A welcome development

kunkelhanspeter:
Someone want to sell me this car for 8.5m naira .

This is too good to be true ?

Check engine first..no let anybody deceive you. Hope its not stolen too

This guy is still living in bondage

Bigsin:
Good evening, nairalanders. Please does anyone know how much it is for someone to enroll in a driving school in Lagos? How many hours a day would the tutoring last? How long it would take to perfect my driving? And is it possible for someone with a 9-5 job learn driving in a driving school?

100k for a month
Carry food o

Bank news full fp today...interesting times

Lets go there

Na them dey spoil the Country's image abroad

Blizzy300:
Hey guys I need advise

I'm going through adult life relationships crisis

For the first time in life I'm double dating

First one - Success insanely cute, chocolate, tall with killer slim fit shape, smart, reads alot of books, does not do tiktok understands my jokes intelligent

Redflag: she's very quiet and I have not seen what's she's like when she's angry.

She's really into me

Second one - Mmasi, very fair with good face card, always smiling, a cheerful giver, (the first day we met, she paid the bill)
Gists alot

She has big bunda ( like that type that makes you turn twice)

Sadly She shakes it on Tiktok 😞(not the seductive type) but still.

At first I wanted to run because she was given me 1 word responses but when she saw I drew back she added fire.

That's the period success came in

Now I'm in the middle of this quagmire

I want the two but unfortunately the society frowns at.

What do I do at these point.

Release one of them or you lose both

Go court n explain yourself

Odewaleadesoye:
"I woke up to see him in my bed. He was hard as rock. I noticed it..."



DAILY POST

‘He Was Hard as a Rock Beside My Bed’ — BBNaija’s Joanna Drops Bombshell on Jason Jae, Ebuka Shouts ‘Damn!’ 😱

The reunion no dey carry last! Joanna open mouth talk wetin happen that night with Jason Jae.
We are properly sat for tonight’s episode! 🔥#bbnaija #bbnreunion… pic.twitter.com/Js7WPa8E7y

— GraceloveFoundation (@gracelove2026) June 9, 2026

The show is no more interesting

Criminal minds

The money entered wrong acc ke

It's your fault abinitio

he mistakenly transferred into the First Bank account

halima83:
Hello,

Please which one should one go for in terms of affordability, prestige, ruggedness, maintenance?

Avoid mercedes if you still want to have savings

[quote author=EmmyMaestro post=139665380]“I’m back to the street” – Abroad-based Nigerian woman dumps husband over 50/50 marriage dispute

An abroad-based Nigerian woman has shared why she walked out of her four-year marriage, revealing that she left her husband and returned to single life after repeated disagreements over finances.

In a viral video shared on X (formerly Twitter), she explained that they had been operating a 50/50 arrangement since relocating abroad, sharing bills and responsibilities equally.

In her words, she said:

“Since we are doing 50/50, yes we are doing it, but now you still want to collect part of my money. We have been sharing everything equally, so why is my own personal money now a problem?”

The situation reportedly escalated after the couple received a backdated company payment of about £4,000 for work previously carried out.

According to her, her husband insisted that she contribute part of the money despite their agreement to split responsibilities equally in the home, a demand she said led to a major conflict between them.

“We are doing 50/50, but you still want to control my money. You even calculated how much I should bring from my personal earnings. That was my breaking point,” she added.

Her revelation has since sparked mixed reactions online, with social media users debating whether 50/50 arrangements truly work in marriages, especially among couples living abroad.

The situation has also reignited conversations about money, control, and financial boundaries in modern relationships.

“I left my husband that I have been with for four years now. I am back to the street. We have two children together. I left him last week and the reason is since we came to the UK, he’s been wanting 50/50.”

— Nigerian Lady says. pic.twitter.com/iIC1ug3us8

— 𝐀𝐬𝐚𝐤𝐲𝐆𝐑𝐍 (@AsakyGRN) June 9, 2026

gender n money

You left your marriage cos of £4k ...mtheww
Poverty of the mind