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Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF (856 Views)

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Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by ogododo(op): 4:05pm On Oct 20, 2021
He added that Nigerians will either choose between government borrowing or increment in taxes, adding that the American government has a debt burden of $23trillion and it is still borrowing.

BY SAHARAREPORTERS, NEW YORKOCT 20, 2021

The Minister of Works and Housing, Babatunde Fashola, has justified the debt accumulation by President Muhammadu Buhari administration.

This is in spite of the escalation in public debt since the inception of the Buhari administration. In comparison to the previous governments, foreign debt has grown three times more than the combined figure recorded by the past three administrations.

Babatunde Fashola

Fashola, in an interview with BBC Pidgin explained that the debt accumulation is a way for the unborn generation to contribute to the country’s infrastructure building.

“Our infrastructures are no longer enough for us to use. That’s why, the children people say we are accumulating debt for, should we wait until they are 40 to start building infrastructure or we build the infrastructure before they are born. Which in is more sensible? They should meet the infrastructure on ground.

“I ask people that the bridge we built in Lagos yesterday in Lekki, should we wait for the children who use the bridge when going to school now to become adults before building the bridge? Is it not better that they use it from when they are small? They should also contribute to it.”

He added that Nigerians will either choose between government borrowing or increment in taxes, adding that the American government has a debt burden of $23trillion and it is still borrowing.

His comment trails a statement credited to former President Olusegun Obasanjo, who condemned borrowing by the Buhari regime, saying accumulating debt for future generation is foolish and criminal.

“If we are borrowing for recurrent expenditure it is height of folly. If you are borrowing for development that can pay itself, of course, that is understandable. Then paying itself, how long will it take to pay itself?

“But if you are borrowing and you are accumulating debt for the next generation and the generation after them, it is criminal, to put it mildly,” Obasanjo added.


http://saharareporters.com/2021/10/20/buhari-government-borrows-nigeria%E2%80%99s-unborn-children-so-they-can-enjoy-infrastructure-%E2%80%93
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by ogododo(op): 4:07pm On Oct 20, 2021
This 007 Spy again, lies no dey tire una?
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by PrinceOfLagos: 4:08pm On Oct 20, 2021
Alcohol influenced statement

Oloshi
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by 22o62021: 4:16pm On Oct 20, 2021
I’m not surprised anymore
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by BigSarah(f): 4:27pm On Oct 20, 2021
Too bad.. I used to rate Inspector Fash, well not anymore
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by Naijanascam: 4:31pm On Oct 20, 2021
You say wetin

Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by Maxymilliano(m): 4:32pm On Oct 20, 2021
shocked

You can't be in Buhari's government and not speak foolishly angry
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by Macphenson: 4:49pm On Oct 20, 2021
Even the ones you think are sound, smart, intelligent and learned will never cease to exhibit poor leadership qualities, foolishness and incompetence under this cursed regime.
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by rayvelez(m): 5:23pm On Oct 20, 2021
This guy was brilliant until he join bubu govt.
Firstly he found camera in lekki tollgate now dis gibberish interview.
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by Ovamboland(m): 5:50pm On Oct 20, 2021
$23 trillion debt by USA will increase by the time their unborn generation become adult, but they will benefit fromm the infastructure provided from the loans.
Anyone saying we should not build infrastructure using loans is an enemy of Nigeria, no country in the world has been cancelled or sold because of debt. They are the experts in not completing projects for 30-40 years while they keep awarding unending contracts they will never execute.

The quick completion of Abuja-Kaduna rail, Abuja Metro rail, Warri-Itakpe-Ajaokuta railway, Lagos-Ibadan railway within 4 years is a shock to them. They want us to return to 30 years before completing a project hence their opposition to government-to-government contrats.

Super Tucano got delivered in a transparent fashion in 3 years all complete, in their time they bought helicopters without blades
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by ogododo(op): 8:03pm On Oct 20, 2021
Macphenson:
Even the ones you think are sound, smart, intelligent and learned will never cease to exhibit poor leadership qualities, foolishness and incompetence under this cursed regime.
Dem don drink from bubu table. grin
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by ogododo(op): 8:04pm On Oct 20, 2021
Ovamboland:
$23 trillion debt by USA will increase by the time their unborn generation become adult, but they will benefit fromm the infastructure provided from the loans.
Anyone saying we should not build infrastructure using loans is an enemy of Nigeria, no country in the world has been cancelled or sold because of debt. They are the experts in not completing projects for 30-40 years while they keep awarding unending contracts they will never execute.

The quick completion of Abuja-Kaduna rail, Abuja Metro rail, Warri-Itakpe-Ajaokuta railway, Lagos-Ibadan railway within 4 years is a shock to them. They want us to return to 30 years before completing a project hence their opposition to government-to-government contrats.

Super Tucano got delivered in a transparent fashion in 3 years all complete, in their time they bought helicopters without blades
Lol grin grin grin grin
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by effort1: 8:11pm On Oct 20, 2021
Buhari is borrowing so that unborn children can enjoy debt.

Mannabbgrills, sirjamo, see how empty your party has become.

Fashola is saying rubbish. Lai Mohammed is lying and stealing. Malami is defending murderous Fulani herdsmen.

A party of shameless people
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by Racoon(m): 8:26pm On Oct 20, 2021
shocked So you will also accumulate senseless debts for your children to come enjoy the constricting "economic benefits"? Fashola have become shamelessly stupid.See what a so called educated lawyer is defending.
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by Nobody: 8:51pm On Oct 20, 2021
What's that Yoruba saying again? "The sheep that moves about with dogs will one day begin to eat feces"

BRF was not even clean when he was Lagos state governor. Now that he's dining with the chief demon of hell himself in Aso, it's not surprising then that his mouth has been stinking for the past 6 years.
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by BeeBeeOoh(m): 8:56pm On Oct 20, 2021
shocked

Fashola is a well dressed mad man
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by Charmingrascal(m): 9:16pm On Oct 20, 2021
The shamelessness of some of this Buhari's appointees is out of this world.


I am so disappointed that this is coming from Fashola.

Some dimwits will still come and defend this claltrap



















Zombies is Fashola saying the truth?

Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by 0m0nnakoda: 9:33pm On Oct 20, 2021
Ovamboland:
$23 trillion debt by USA will increase by the time their unborn generation become adult, but they will benefit fromm the infastructure provided from the loans.
Anyone saying we should not build infrastructure using loans is an enemy of Nigeria, no country in the world has been cancelled or sold because of debt. They are the experts in not completing projects for 30-40 years while they keep awarding unending contracts they will never execute.

The quick completion of Abuja-Kaduna rail, Abuja Metro rail, Warri-Itakpe-Ajaokuta railway, Lagos-Ibadan railway within 4 years is a shock to them. They want us to return to 30 years before completing a project hence their opposition to government-to-government contrats.

Super Tucano got delivered in a transparent fashion in 3 years all complete, in their time they bought helicopters without blades
Must you talk? Did America borrow to build infrastructures Did America borrow in Any currency other than their own>

Nigeria is not borrowing for infrastructure we are borrowing to consume
When Lai Mohammed travelled to America last month he went First Class. How does that benefit unborn children. If he did then we can safely assume other Ministers are there enjoying the time of their life. Does a heavily indebted country behave like that?
There is no attempt to reduce government spending on the luxury life of politicians

In the Budget of over 16 Trillion for next year we are told 70 billion is for rail. that is 0.4 %
what is the budget of the National Assembly? Last year they bought brand new cars for themselves.
The State House has a budget of 40 billion
Maybe by infrastructure you mean the mosque built by the former Minister of agriculture

Already a huge chunk of the budget is going to service debt.

What do we have to show for that. Not a single Motorway to boast of.
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by DeadCountry:
Yoruba people? Tufiakwa!! These people are the ones that destroyed nigeria. Not even the fulanis. Right from after the war. 1970, yorubas has been running down all government parastatals. From buying off all nigeria's properties during the indigenization decree instituted by the rat poisoned one, to nigeria airways, to electricity to the ministry of works and housing, and many more.
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by Detuner: 10:34pm On Oct 20, 2021
Atleast he didnt borrow to pay workers salaries, like GEJ did. grin
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by NwaNimo1(m): 10:39pm On Oct 20, 2021
The country is finished......

[img]https://media1./images/b82995afc1ce31d49750dee8ee46f838/tenor.gif?itemid=14968159[/img]

Cash out now.....
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by Lovelive: 10:41pm On Oct 20, 2021
Maxymilliano:
shocked

You can't be in Buhari's government and not speak foolishly angry
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by Lovelive: 10:42pm On Oct 20, 2021
Macphenson:
Even the ones you think are sound, smart, intelligent and learned will never cease to exhibit poor leadership qualities, foolishness and incompetence under this cursed regime.
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by dododawa1: 11:24pm On Oct 20, 2021
I don't believe fash will utter this word,am 68% still doubting it,may media propogada journalists.
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by dododawa1: 11:28pm On Oct 20, 2021
Sharareport not believed
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by ogododo(op): 7:11am On Oct 21, 2021
dododawa1:
I don't believe fash will utter this word,am 68% still doubting it,may media propogada journalists.
Go check the source, our Spy Fash don kadja!
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by aremuforlife(m): 7:18am On Oct 21, 2021
DeadCountry:
Yoruba people? Tufiakwa!! These people are the ones that destroyed nigeria. Not even the fulanis. Right from after the yorubas has been running down all government parastatals. From buying off all nigeria's properties during the indigenization decree instituted by the rat poisoned one, to nigeria airways, to electricity to the ministry of works and housing, and many more.
Yoruba people are not the one that makes live miserable for you.
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by Nobody: 7:20am On Oct 21, 2021
Why have we not enjoyed since Nigeria has long been borrowing?.. we today were the unborn generation at one point..
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by aremuforlife(m): 7:22am On Oct 21, 2021
0m0nnakoda:
Must you talk? Did America borrow to build infrastructures Did America borrow in Any currency other than their own>

Nigeria is not borrowing for infrastructure we are borrowing to consume
When Lai Mohammed travelled to America last month he went First Class. How does that benefit unborn children. If he did then we can safely assume other Ministers are there enjoying the time of their life. Does a heavily indebted country behave like that?
There is no attempt to reduce government spending on the luxury life of politicians

In the Budget of over 16 Trillion for next year we are told 70 billion is for rail. that is 0.4 %
what is the budget of the National Assembly? Last year they bought brand new cars for themselves.
The State House has a budget of 40 billion
Maybe by infrastructure you mean the mosque built by the former Minister of agriculture

Already a huge chunk of the budget is going to service debt.

What do we have to show for that. Not a single Motorway to boast of.
YES, the great America is the highest debtor in the world. They borrowed to build infrastructure.
For your information, if Nigeria want bridge the infrastructure deficits, we need to borrow, as matter of fact
, we need to start borrowing form every means.
Do you even know the meaning of developing countries?
Most the developed countries borrowed to build their infrastructures, and it was cheaper with labour exploitation.
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by ogododo(op): 8:54am On Oct 21, 2021
aremuforlife:
YES, the great America is the highest debtor in the world. They borrowed to build infrastructure.
For your information, if Nigeria want bridge the infrastructure deficits, we need to borrow, as matter of fact
, we need to start borrowing form every means.
Do you even know the meaning of developing countries?
Most the developed countries borrowed to build their infrastructures, and it was cheaper with labour exploitation.
How una dey compare with USA now, transparency dey, but here when dem borrowed, nobody see the books to know de truth and dem no dey over inflate projects.
Lalasticlala.
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by Lanretoye(m): 8:58am On Oct 21, 2021
There is nothing buhari's government cannot turn someone to.
Re: Buhari Government Borrows For Nigeria’s Unborn Children So They Can Enjoy - BRF by ogododo(op): 9:52am On Oct 21, 2021
Lanretoye:
There is nothing buhari's government cannot turn someone to.
Lol.
1 Reply

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