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Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined (20070 Views)

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Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Horlufemi(m): 8:17am On Dec 19, 2021
freeborn02:



Has Buhari borrowed more than other presidents combined? Yes or no?

Is Anambra GDP more than that of Niger Republic? Yes or no?

Does it make economic sense for Buhari to build railway into Niger Republic, while ignoring a Nigerian state?

Your reason is empty

No

Yes

Yes

Only Eastern states have not been attended to. It's in the pipe line

If it makes you happy. Yes, my reason is empty
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by jcross19: 8:17am On Dec 19, 2021
JAMO84:
Reno Omokri can only deceive PDP wailing losers.


Despite receiving the highest revenue since 1914, Dumbluck Jonathan still borrowed massively to pay salary and drink Ogogoro.
buhari has used your futureas a collateral for the loan!!! Continue defending them even though you run out the country hammer of God will slam you..

4 Likes

Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by OrdinaryNigeria(m): 8:18am On Dec 19, 2021
Truly Buhari is borrowing but hes working.

There are some terrible roads in benue that pdp and David Mark cud not fix for 16yrs.

Buhari did it .

Aside insecurity, which is the cause of inflation, a score him good.

God help us with insecurity

1 Like

Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Exceed15: 8:18am On Dec 19, 2021
benuejosh:
If only Jonathan's government did what was right with our money instead of buying bra up and down.

Your Stupidity has no cure. First class Mumu, fulani slave.

2 Likes

Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by stayclearofme: 8:18am On Dec 19, 2021
backbencher:


This is not a support of the goverment, but a statement of the problem we face.

This is the problem we have faced since independence. Most of our revenues come from what we export. The price of what we export is never at the level we want it to be . So we go into debts

That's why most African countries , not just Nigeria have debts.

The best way to deal with the debts is to diversify the economy and to eventually become industrial. Which your friend Bihari has failed to do, so I don't support him.

My main reason for not supporting Buhari has a lot to do also with the fact that he was voted in to do what he did in 1984. Nigeria is no longer in 1984. We needed someone for today's challenges,not yesterday's.
Bros you get time to dey explain yourself to all these bitter people that doesn't reason... A lot of people don't approve of Buhari including me but the truth is what you just explained.
All they want to hear from you is: Buhari is mad, he is wicked, he is Boko Haram, he is jihadist etc .. If you don't they will start throwing tantrums at you, they will label you BMC. No logical reasoning at all.
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Exceed15: 8:19am On Dec 19, 2021
nzeobi:


Stop making your stupidity obvious, EFCC has debunked the fake news

D guy na first class fulani slave

2 Likes

Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by lolu2019: 8:20am On Dec 19, 2021
Abeg,who be Reno omokri.
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by stayclearofme: 8:20am On Dec 19, 2021
OrdinaryNigeria:
Truly Buhari is borrowing but hes working.

There are some terrible roads in benue that pdp and David Mark cud not fix for 16yrs.

Buhari did it .

Aside insecurity, which is the cause of inflation, a score him good.

God help us with insecurity
You see this little praise you gave Buhari.. they are coming for your head... But na true you talk o.

1 Like

Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by stayclearofme: 8:22am On Dec 19, 2021
jcross19:
buhari has used your futureas a collateral for the loan!!! Continue defending them even though you run out the country hammer of God will slam you..
See one of them.
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by benuejosh: 8:24am On Dec 19, 2021
Exceed15:


Your Stupidity has no cure. First class Mumu, fulani slave.
Truth is always bitter.
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by jumpmasta(m): 8:25am On Dec 19, 2021
benuejosh:
If only Jonathan's government did what was right with our money instead of buying bra up and down.

Notably, Reno, Fayose, Nnamdi Kanu, Fani Kayode and Ortom are brids of a feather. They talk before thinking. No body takes them serious.
Willful ignorance is a bad thing for BMC . A simple google check will show you the EFCC chairman debunking this your useless bra story . Free your mind and stomach from the paltry monthly 30k . I pity you

2 Likes

Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by benuejosh: 8:27am On Dec 19, 2021
jumpmasta:

Willful ignorance is a bad thing for BMC . A simple google check will show you the EFCC chairman debunking this your useless bra story . Free your mind and stomach from the paltry monthly 30k . I pity you
youreynot making any sense oga. Truth is always very bitter.
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by ifiokjohn(m): 8:28am On Dec 19, 2021
backbencher:


Buhari also had oil prices dip below 30 dollars in 2016 and 2020,plus oil price in Nigeria has never been at our fiscal breakeven which is above 120 dollars per barrel,which is why we are in debt

( That's why Jonathan also took loans. Despite having high oil prices,the prices did not meet or reach the breakeven oil price. Then he was forced to spend billions on subsidies that he didn't want)

But I agree with you. Buhari was voted in to solve those problems ,and he talked a fine game about diversification. He and osinnbanjo.

At the end, nothing happened and the economy is in a mess.

There.are.many reasons why I never voted for APC at all
Ok have u have used that to defend Buhari.. my own is that Obasenjo had it's worst. On an average Obasenjo oil prices was much lower than Buhari simple. Stop defending failure.

India govt pulled 300+ million people off poverty in the same year Buhari came to power 2015-2019...despite having more Population than us. What is Buhari doing? Sending millions into poverty
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by stayclearofme: 8:29am On Dec 19, 2021
Advocate500:
so in your opinion Buhari have performed more than the entire formal president of Nigeria combined? So he can borrow as much as he like, after all the rail lines from kano to Niger republic will soon be completed.
Most of you find it difficult to read and comprehend. So that is your summary of what the guy said... What a pity!

1 Like

Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by BigYash: 8:29am On Dec 19, 2021
Horlufemi:
Reno is a Foolish hypocrite Pastor.

Reno said he will never speak on politics again, he's still showing in politics. The man he's fighting for us good friends with Buhari. The man he's fighting for is working for APC, the man he's fighting for is working what's PDP, the man he's fighting for is at peace with Buhari and the man he's fighting for did nothing for igboland (prove me wrong)

He calls Buhari a tyrant but everyone who has a contrary opinion cannot share theirs but gets blocked. I've never seen such hypocrite in my life.

Can he compensate for inflation and cube back and meet me?

He's saying Buhari borrowed. The ones that didn't borrow, where are the projects. Please list all the projects that were completed and I'll show you 5x more abandoned projects even the ones that never started especially that 16bn.

When it comes to the masses direct improvement of life Buhari failed woefully. Insecurity, economy, inflation but truth be told he has done now infrastructure than past presidents combined.

Reno is just a manipulative hater and not a Christian the Holy Spirit has left him a long time ago.

I will tell it to his face and he cannot block me in real life he can only kill me to shut me up from telling him the truth.

Nonsense human being.
You sound even more foolish with your write up.. Reno can never suffer what you suffer now in the country, so be wise and stop supporting this evil government..

3 Likes

Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by benuejosh: 8:29am On Dec 19, 2021
Nkitara:
Shut the Bleep up mugu
you are almost a dog according to your moniker so i share no thoughts with you whatsoever.
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by freeborn02: 8:31am On Dec 19, 2021
Horlufemi:


No

Yes

Yes

Only Eastern states have not been attended to. It's in the pipe line

If it makes you happy. Yes, my reason is empty

And your brain told you it is normal to place another country ahead of a Nigerian state in the so-called "pipeline"?

Do I need to remind you, Mr Unreasonable Intelligence-insulting Apologist, that the money used to build the railline into Niger Republic was borrowed as an interest-based loan?

Do you use that thing you call a brain at all? Or your dedication to defence of evil has stripped you of your senses?

3 Likes

Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Trentee4eva: 8:32am On Dec 19, 2021
benuejosh:
If only Jonathan's government did what was right with our money instead of buying bra up and down.

Notably, Reno, Fayose, Nnamdi Kanu, Fani Kayode and Ortom are brids of a feather. They talk before thinking. No body takes them serious.
Stop shifting the goal post. Jonathan's govt did not buy any bra. Only foolish people make such statements

5 Likes

Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by SKYHIGHfx: 8:33am On Dec 19, 2021
nzeobi:


Stop making your stupidity obvious, EFCC has debunked the fake news

Don't try responding to foolish peeps they will drag u alongside

3 Likes

Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Badonasty(m): 8:35am On Dec 19, 2021
All on-top railway and salaries
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by nedekid: 8:37am On Dec 19, 2021
Horlufemi:
Reno is a Foolish hypocrite Pastor.

Reno said he will never speak on politics again, he's still showing in politics. The man he's fighting for us good friends with Buhari. The man he's fighting for is working for APC, the man he's fighting for is working what's PDP, the man he's fighting for is at peace with Buhari and the man he's fighting for did nothing for igboland (prove me wrong)

He calls Buhari a tyrant but everyone who has a contrary opinion cannot share theirs but gets blocked. I've never seen such hypocrite in my life.

Can he compensate for inflation and cube back and meet me?

He's saying Buhari borrowed. The ones that didn't borrow, where are the projects. Please list all the projects that were completed and I'll show you 5x more abandoned projects even the ones that never started especially that 16bn.

When it comes to the masses direct improvement of life Buhari failed woefully. Insecurity, economy, inflation but truth be told he has done now infrastructure than past presidents combined.

Reno is just a manipulative hater and not a Christian the Holy Spirit has left him a long time ago.

I will tell it to his face and he cannot block me in real life he can only kill me to shut me up from telling him the truth.

Nonsense human being.
Reno is not fighting for the man you refer to.
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Dagrace01(m): 8:37am On Dec 19, 2021
One day heart attack will just kill this Reno guy..
Everyone has moved on from the election that ousted his boss in 2015.. But this guy no ready move on, even his oga is now a friend to the incumbent, FFK his co Buhari tormentor has cross carpet.
Something must be bothering this guy, he should just come out clean an tell us.
Back to the matter:
Economic and finance experts have all analysed the nature at which Nigeria is borrowing and they didn't fault Buhari, it is the nature of our GDP and exchange rate that led to this. Buhari is a terrible presido no doubt, but borrowing isn't what we should fault him for, should he manufactuer finance from the trees or seas? Even world renowned economies are still borrowing. America and many developed countries are in huger debts than Nigeria. Nigeria is not even in the top7 debt ridden countries in Africa.
Sometimes we should endeavor to criticize constructively not because of our political affiliations..
What state did Reno oga left this country in?
Our problem isn't only Buhari, our problem is with all the leaders that had run this country before including GEJ, OBJ, PMB, Abacha, IBB, even by extension ZIK, Gowon, among others.
If Reno have the masses at heart with all these his critiques he should carryout a research and come out with a substantial reason why we are in this state instead of calling out only PBM every now and then.
He went to Bermuda triangle he called out Buhari, he also called out Buhari on the Dowen college saga, everything na Buhari for hin face, it is becoming boring and rational Nigerians won't take him serious again..
Me no like Buhari, but I no like Reno's approach either, to me he doesn't have the foresight of a good critic, he has politicize his criticisms out of sheer hatred for Buhari, only GOD knows wetin dey between them.
I'll end on this note, Reno should know Buhari isn't the only problem we the masses have, our problem goes far beyond just one man, our problem has eaten deep to the state of rottenness, Buhari could be Reno's personal problem not ours, he shouldn't change the narratives, gullible Nigerians may be led astray thinking after 2023 our problem will be solved, fellow Nigerians, na struggle continue, no be today e start na since 1960..

O daabo!
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by xpool(m): 8:38am On Dec 19, 2021
benuejosh:
If only Jonathan's government did what was right with our money instead of buying bra up and down.

Notably, Reno, Fayose, Nnamdi Kanu, Fani Kayode and Ortom are brids of a feather. They talk before thinking. No body takes them serious.
Yes o, but does that mean buhari can borrow till infinity?
Sometimes be sincere with yourself, so that you and your children will have peace.
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by GreatrAnalyst: 8:39am On Dec 19, 2021
freeborn02:



Has Buhari borrowed more than other presidents combined? Yes or no?

Is Anambra GDP more than that of Niger Republic? Yes or no?

Does it make economic sense for Buhari to build railway into Niger Republic, while ignoring a Nigerian state?

Your reason is empty


While I am so sure Reno is imperfect, what they can't take from him is that he argues with facts and figures.
The blind defenders of the present goverment will rather look away from the facts or defend theirs with equal facts, but start attacking the person. It is a shame.

4 Likes

Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by chariiks(m): 8:39am On Dec 19, 2021
benuejosh:
If only Jonathan's government did what was right with our money instead of buying bra up and down.

Notably, Reno, Fayose, Nnamdi Kanu, Fani Kayode and Ortom are brids of a feather. They talk before thinking. No body takes them serious.

Just imagine what you are saying. Do you think with your head or anus. Is Reno saying the truth or not? 6years you are still blaming Jonathan. Children push blame for their actions while adults take responsibility. Your gutter just Dey smell yanmayanma

3 Likes

Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by mywells: 8:40am On Dec 19, 2021
Bam bi allah president,that's what we have has president,there's no state you wouldn't fond a northerner berger they're every you go some of them are centurian they've been begging all their life,it's an instinct embedded in side the northerns and they're not ashame so sad to have one as a number one citizen so sooo so sad.
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Nobody: 8:42am On Dec 19, 2021
ifiokjohn:
Ok have u have used that to defend Buhari.. my own is that Obasenjo had it's worst. On an average Obasenjo oil prices was much lower than Buhari simple. Stop defending failure.

India govt pulled 300+ million people off poverty in the same year Buhari came to power 2015-2019...despite having more Population than us. What is Buhari doing? Sending millions into poverty

My point is both Buhari and Obasanjo are bad leaders because they did not get us off oil.
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by nedekid: 8:42am On Dec 19, 2021
benuejosh:
If only Jonathan's government did what was right with our money instead of buying bra up and down.

Notably, Reno, Fayose, Nnamdi Kanu, Fani Kayode and Ortom are brids of a feather. They talk before thinking. No body takes them serious.
Kindergarten talk.
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by TooMuchStuff: 8:43am On Dec 19, 2021
benuejosh:
If only Jonathan's government did what was right with our money instead of buying bra up and down.

Notably, Reno, Fayose, Nnamdi Kanu, Fani Kayode and Ortom are brids of a feather. They talk before thinking. No body takes them serious.
When you see almajiri school dropout whose mind is fixed on terrorism and headslamming.... Na like dis dem de talk.
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by wizelink(m): 8:43am On Dec 19, 2021
Where are the pythons that were imported to Nigeria to swallow billions of dollars since 2915?
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by 123papas(m): 8:45am On Dec 19, 2021
backbencher:
The harsh reason why Buhari is borrowing is simple

The oil price is and has never been at the level we need it to be to adequately fund our budget.

Oil amounts to a small percentage of our GDP but a large percentage of our budget revenue.

In 2012, our breakeven oil price was 122 dollars per barrel. In 2017, it had gone up to 139 dollars per barrel. Now it is 133 dollars per barrel

Oil prices were at 75 dollars per barrel in 2015 when Buhari took over, and have been as low as 20 to 30 dollars at some points since then.

Meanwhile our population and by extension our Forex needs have been growing

The alternative is to raise our tax to gdp ratio from its 6.4% to fund the budget. But that means taxing the 70% of Nigerians who don't pay income taxes due to working in the informal sector.

So we take loans to fund the budget.

Now oil is below 70 dollars per barrel, breakeven is 133 dollars meaning we lose 60 dollars per barrel of oil sold
At one point under Buhari it has been as high as 80 to 100.dollars below the breakeven.

At the end of the day, we tax everyone in this country, including beggars, farmers, and even hawkers, to raise the tax to gdp ratio drastically, or we take loans and more loans to cover the difference between the actual crude oil price and the price it should be at to sustain us.

Because taxing everyone is not politically popular, we take loans instead.


( Buhari is a bad leader, and not someone I would vote for ever, so don't go there. I wish we could get some technocrats in office really


Again, Buhari is a bad leader who has failed in diversifying the economy which could have helped.)

If we are making loss, why produce?
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Dreytonisback(m): 8:45am On Dec 19, 2021
And his family will pay dearly for it in the future
This is Nigeria where nothing gets forgotten
That day's surely coming when the buhari will be 6feet and his family will definitely need Nigerians help one way or the other , that's when they'll know what they've done to the country
One thing for sure is that buhari can't ever have a good death laye laye
I'm talking out of pain , it's sad seeing grown up men owing house rents just bc of buhari

Married women sleeping out just to survive bc their husbands only depend on Bet9ja to feed and Las Las the game go cut

A girl of 15-17 that's supposed to be focused on education will be following yahoo boys upandan bc buhari has made life so hard on Nigerians that the young ones no longer take education seriously at all , they just wanna survive
E no go well with buhari wife , buhari himself, his children and his generation forever and ever
Wanna ask me if it's easy being a president?
Yes it's easy bc if you fail for 2 yrs you step down for peace to reign

This b.a.s.t.a.r.d of a president still used his corrupt ways to go for second tenure to inflate more sufferings to Nigerians , animal in human skin
I'm so pained knowing this heartless thing is a Muslim , bc most Muslims that I know are actually good people when it comes to ruling
Yar'adua is a proof.

Lights up my kpoli in peace

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