Obasanjo tackles Buhari for excessive borrowing


https://www.youtube.com/watch?v=6opF3bBRZZU

Watch video


https://www.youtube.com/watch?v=6opF3bBRZZU

https://www.youtube.com/watch?v=6opF3bBRZZU

Borrowing for recurrent expenditure foolish, says Obasanjo

Former President of Nigeria, Olusegun Obasanjo, has frowned at the way the Federal Government is taking loans. According to the ex-president, borrowing for recurrent expenditure is ‘foolish’.

In a video interview posted on Channel’s Television Facebook page, Obasanjo said that borrowing and accumulating debt for the next generations to come is criminal.

He said, “If you want to build a commercial house and you go and borrow money, and you have 50 per cent of your own money and you borrow 50 per cent and in five years, you pay the 50 per cent that you borrowed. That is a wise thing to do. But if you have to go and borrow money for you to be able to feed yourself and your family, that is a stupid thing to do.

“So, if we are borrowing for recurrent expenditure, it is the height of foolery. If we are borrowing for development that can pay itself, that is understandable; then how long will it pay itself? But we are borrowing and accumulating debt for the next generation and the next generation after them, it is criminal, to put it mildly. What are we borrowing for?

“When I came into government and was elected President, we were spending $3.5bn to service debt, and even with that, our quantum of debt was not going down.”

The administration of the President, Major General Muhammadu Buhari (retd.), has borrowed a total of N21tn within six years.

https://www.google.com/amp/s/punchng.com/borrowing-for-recurrent-expenditure-foolish-says-obasanjo/%3famp

galaxypropertie:
This is an explosive speech made by Femi Fani kayode against President Buhari years back.

Please what has changed between 2015 and now?


https://www.youtube.com/watch?v=Qqb14UCGAiU

Lalasticlala mukina2

This material is interesting

Watch the damning things Fani kayode said about Buhari in the past


https://www.youtube.com/watch?v=Qqb14UCGAiU

https://www.youtube.com/watch?v=vNuz-a4LcWE

https://www.instagram.com/reel/CUAgreRgetw/?utm_medium=copy_link

Lalasticlala

https://www.youtube.com/watch?v=o0sUKfqZb3g

https://www.instagram.com/p/CT-UliFrun4/?utm_medium=copy_link

https://www.youtube.com/watch?v=jDJnAx6py6o

Nigerians seen struggling over boxes of pepper at a store in Manitoba, Canada

https://www.instagram.com/reel/CT9-uLYApgH/?utm_medium=copy_link

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https://www.youtube.com/watch?v=cPGiw47MFok

https://www.instagram.com/tv/CT9iudZAFUv/?utm_medium=copy_link

Lalasticlala mukina2

https://www.youtube.com/watch?v=-6muqWBBWbw

Q U E E N �
Loves So Selflessly...
Always Smiling ....
Best GRANDMA Ever To my Kidz...
So Selfless with the kids ...
oh... mom for all that you do for us , your reward is in heaven ❤️
The Reason I Still Have A career...
Takes Care Of Everyone...
I Will Spoil so silly ...
I will take you round world (grace��)
I will make SURE you tick all your bucket list before you go..( not going anytime soon o��)
You will never have a reason to cry again... it’s ok mom !
For every dirt thrown at you .. will bring forth a million blessings...
For every lie against you .. karma is real! I Love You ... THE BEST �❤️

https://www.instagram.com/p/CT6r9XgAJNc/

Former National Legal Adviser of All Progressives Congress (APC), Hon. Muiz Banire, SAN, dey pose wit Asiwaju Bola Ahmed Tinubu for London.

Credit: Temitope Ajayi.

https://www.facebook.com/660673490805047/posts/1915642578641459/

Good

Bbn


https://www.youtube.com/watch?v=AgZQoWLDN9s

Good move


https://www.youtube.com/watch?v=AgZQoWLDN9s

https://www.youtube.com/watch?v=AgZQoWLDN9s

https://www.youtube.com/watch?v=AgZQoWLDN9s

She's done well


https://www.youtube.com/watch?v=AgZQoWLDN9s

https://www.youtube.com/watch?v=AgZQoWLDN9s

APC Nigeria