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Nairaland Forum / Nairaland / General / Politics / Obasanjo: Borrowing For Recurrent Expenditure Is Foolish (16529 Views)
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Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Abujason: 4:12am On Sep 20, 2021 |
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’. https://punchng.com/borrowing-for-recurrent-expenditure-foolish-says-obasanjo/ 29 Likes
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Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by AGNESikpuNNU(f): 4:18am On Sep 20, 2021 |
Financial/Economic Terrorism! The skinny Mahdi knows what he is doing. With all this needless delibrate humongous debts, the next govt will never be able to roll back the terroristic jihadi gains he has already made by emboldening bandits, killer herders, Bharam, muuRIC etc 83 Likes 1 Share |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 4:22am On Sep 20, 2021 |
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. 23 Likes 12 Shares |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by HandsomeHITLER(m): 4:23am On Sep 20, 2021 |
Please let the foolish president understand that there's still life after his stupid government. 51 Likes 3 Shares |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by anambraamaka: 4:33am On Sep 20, 2021 |
Yes, very 1 Like |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by themosthigh: 4:35am On Sep 20, 2021 |
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. 120 Likes 6 Shares |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by ednut1(m): 4:35am On Sep 20, 2021 |
Buhari has no choice than to borrow. If obj or gej was president it would be same. So baba gtfoh 6 Likes 6 Shares |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by pegix(m): 4:35am On Sep 20, 2021 |
So who's the fool now Buhari right right Nawa o Obasanjo the wicked no chillz 8 Likes |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by kennosklint(m): 4:35am On Sep 20, 2021 |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Chidexter(m): 4:36am On Sep 20, 2021 |
Buhari Government doesn't seem to care anyway. Clueless individuals 12 Likes |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by kabiyesi01: 4:37am On Sep 20, 2021 |
NGpatriot:But sorry sir, you seem to be the Ode and agbaya here. 165 Likes 5 Shares |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by cybertuns(m): 4:37am On Sep 20, 2021 |
NGpatriot: Ode agbaya https://www.youtube.com/watch?v=AKgpu1L7GtI 22 Likes 3 Shares |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by butterfly777(m): 4:37am On Sep 20, 2021 |
Tell them oo. |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by MANNABBQGRILLS: 4:38am On Sep 20, 2021 |
Says a man/party that borrowed money to pay workers salaries at the period our darling nation made the highest revenue/profits in the sales of crude oil in the history of our nation. Shameless supporters suffering from collective amnesia too are drawing saliva, hypocrites everywhere. Tueh... 7 Likes 8 Shares
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Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by purpinkx(m): 4:38am On Sep 20, 2021 |
The height of it is that Senator's 10m+ salary also comes from this borrowed fund, but doctors can't be paid. 23 Likes 1 Share |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by ChocolateWine(f): 4:38am On Sep 20, 2021 |
How to Bleep an entire country up - plot specially written and produced by Buhari You can never know how forked up this country till you leave it shores. Ordinary cfa now has value than naira. Same cfa that was only equal to naira by 3times. Why is it that it's only Nigeria that is in recession in all Africa? Why? Why?? 21 Likes |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Nobody: 4:39am On Sep 20, 2021 |
Borrowing is not a sin once you have the financial capability to service the debts. At the stage, the federal govt must win the vat case against the state, modify vat distribution to each state "to each according to its needs". Kano shouldn't get more than Lagos. Re-introduce toll gates for the roads built. And service the debt to ease future generations from cursing them. 3 Likes |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Decentdave(m): 4:39am On Sep 20, 2021 |
Stupid sef |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Fasshyt(m): 4:40am On Sep 20, 2021 |
Papa said the truth |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by GboyegaD(m): 4:41am On Sep 20, 2021 |
I wonder why we are still borrowing and how we intend paying back. The politicians and other government officials stealing should continue. At some point, there would be no value for the naira and money in general in Nigeria. |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by chiedu7: 4:42am On Sep 20, 2021 |
Buhari wants to bankrupt the south to the advantage of the North & Niger Republic. The way they are silencing the truth is now scary, even those who let us know the exchange rates have been closed down 7 Likes 1 Share |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by popez: 4:43am On Sep 20, 2021 |
NGpatriot: Buhari has borrowed 21 trillion Naira in 6 years, would you be kind enough to point us to projects the 21 trillion financed? I will wait. 51 Likes 2 Shares |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by AJSfan: 4:43am On Sep 20, 2021 |
Buhari is the biggest mistake Nigeria has made yet 6 Likes |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by okomogo(m): 4:46am On Sep 20, 2021 |
We keep complaining about all the negativities of this administration but never ready to do anything about it. This man and his cohorts keep milking the country for their lazy children. Go to Abuja and see how this useless amajiris are living like Arab Prince with our common wealth. Tomorrow we will still be here for another set of complain. Southerners will never unite to face this people rather we will keep selling ourselves to them. 6 Likes |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by MANNABBQGRILLS: 4:50am On Sep 20, 2021 |
May God punish all politicians that looted our national treasury, no matter the party they are. Along with their online thieves and fraudsters 8 Likes 5 Shares
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Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by MANNABBQGRILLS: 4:50am On Sep 20, 2021 |
vedaxcool: You've said it all Vedaxcool. Nothing to be added again..... 4 Likes 4 Shares
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Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 4:53am On Sep 20, 2021 |
kabiyesi01: Aburo agbaya, OBJ awarded and re awarded the contract for Lagos Ibadan railway and still left it dead and abandoned on the drawing board, but PMB's loan started and finished 156km railway with massive and beautiful rail stations. This same project is extending to Apapa port to transport foods and services from the ports with the new loan. Aburo agbaya, RESERVE your looting and stealing with no project rubbish for your useless egbon agbaya in otta. 7 Likes |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by plainol(m): 4:54am On Sep 20, 2021 |
Buhari is a cursed to humanity. A disaster to governance. 6 Likes |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 4:55am On Sep 20, 2021 |
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.. 8 Likes 2 Shares
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Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by BareFacedLies(m): 4:59am On Sep 20, 2021 |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by walozanga(m): 4:59am On Sep 20, 2021 |
U and ur people supported the mumu to be president, what did u expect. Old man go and sit down. |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by lexy2014: 5:03am On Sep 20, 2021 |
post=105987944: Glad u mentioned amnesia. At what point did Obasanjo govt borrow to pay salaries? 15 Likes 1 Share |
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