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Nairaland Forum / Nairaland / General / Politics / Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined (20140 Views)
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Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by GreatrAnalyst: 8:49am On Dec 19, 2021 |
vedaxcool: Okay, that's cool. 90% to 10% ratio (even though this claim can't be found anywhere), But what is the essence of railway to Niger, the very economic importance? And Why Niger in particular? And do you know that concerned senators cried out that the standard of train planned to build for Niger is a far better grade and technology compared to that done here in Nigeria? Which means the cost of that for Niger is far bigger and greater. Why Niger? Why the double standard?... What is the essence of all these? Just asking to know really. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by ifiokjohn(m): 8:51am On Dec 19, 2021 |
backbencher:Yeah maybe. But we live more better doing Obasenjo time so I take obasem 3 Likes 1 Share |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Horlufemi(m): 8:59am On Dec 19, 2021 |
nedekid: If you say so |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by DeHorus: 9:01am On Dec 19, 2021 |
backbencher:So where them de see Billions steal from since money is inadequate to pay salaries? |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Horlufemi(m): 9:01am On Dec 19, 2021 |
freeborn02: Do you believe you can address people without insulting them. It only shows how simple minded you are. I have indulged you enough so I won't reply you anymore. God bless everything that concerns you. Amen. Have a lovely day freeborn02 1 Like 1 Share |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Nobody: 9:02am On Dec 19, 2021 |
DeHorus: The corruption makes the situation worse. 2 Likes |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by udemzyudex(m): 9:05am On Dec 19, 2021 |
benuejosh: Keep making silly excuses for your incompetent one. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Horlufemi(m): 9:05am On Dec 19, 2021 |
BigYash: I'm not in support of the government. I'm just calling out Reno and state some facts. Like it or not...the truth is that this Government is not 100% bad |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by macaranta(m): 9:05am On Dec 19, 2021 |
benuejosh: Lol ironically you're "benue" josh. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Nobody: 9:05am On Dec 19, 2021 |
ifiokjohn: We weren't living better under Obasanjo. Things were just as bad then They are worse because our population is higher than it was then,and by extension our Forex needs Note that I am.not defending Bihari. The problem with both Buhari and Obasanjo is that if they had pursued policies that diversified our economy away from oil we would have been in a much better place than when Obasanjo was in power. Buhari is a bad leader. Where we disagree is why he is a bad leader |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Prince111111: 9:07am On Dec 19, 2021 |
Horlufemi:It is better to just call a spade a spade please.. This Government is the worst we have ever had. You yourself don't need to be hypocrite. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Nobody: 9:07am On Dec 19, 2021 |
stayclearofme: I don't like Buhari myself. Infact I kind of hold him responsible for the bad security crisis in the country and for not diversifying the economy at all. But why we borrow goes beyond Buhari being in power |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by krushdripper(m): 9:09am On Dec 19, 2021 |
This country has long been sold out for peanuts. Nigerians must win the battle for thier minds against salvation. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Dmacqh(m): 9:09am On Dec 19, 2021 |
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? #copied And has Nigeria economy improved despite the ‘ the extensive infrastructure’ been built by Buhari ? Yes or No How have the average Nigeria benefited in the heavy loans ? Can the ‘ acclaimed infrastructure repay the loans been used to build it in the next 10years ? Yes or No ? Under the ‘ bra buying government’ gas sold at #150 and under Mr Integrity gas sells at #750 ? Which government will you prefer ? Has killing and banditry (terrorism) improved under Mr integrity? Yes or No ? $1 sold at #300 under Bra buying government and under Mr Integrity it sells at $1 = #550 . Has rule of law improved under Mr Integrity ? Yes or No ? Has the appointments of Service chiefs or Agency chiefs or Ministers shown Mr Integrity deserved to be called Nigeria or Fulani President? Yes or No ? Etc ? Let’s attack the message not the messenger. 2 Likes |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Nkitara: 9:11am On Dec 19, 2021 |
benuejosh:fvck off Zombie |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Reference(m): 9:13am On Dec 19, 2021 |
backbencher: And it is not politically popular for the only thing you left out in your compedium of excuses for bad governance which is the failure of this government to cut the cost of its administration. Every keen observer has noted the huge leap in recurrent expenditure since 2015. What is the excuse for that. If income is tough and we cannot control that, what is the excuse for not cutting expenses to balance the books. Every day we are inundated with upsetting news of government waste, graft and reckless maladministration of our treasury. Hardly the best campaign advert to get the long suffering citizens to pitch in with their taxes innit? So they borrow because they cannot make the sacrifices to get us in solidarity with them. That is classic bad governance. To sneak on us liabilities we are unwilling to take. 3 Likes |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by stayclearofme: 9:15am On Dec 19, 2021 |
backbencher:Exactly. 1 Like |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Nobody: 9:15am On Dec 19, 2021 |
JAMO84: Gej did that because even though oil prices were high they were never as high as the fiscal breakeven oil price for Nigeria. So he had to borrow. Also Nigeria was spending billions funding the oil subsidy which would have been saved if Buhari and company hadnt mobilized support against it. Seriously your party is part of the problem. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Nobody: 9:20am On Dec 19, 2021 |
Reference: 1. First off,I am not defending the goverment. 2. I have reason to be angry with the goverment. Back in 2015,fair enough, they said we had to diversify the economy. Which they forgot about when they got into power. 3. They also promised to raise tax revenues which they didn't . 4. They didn't cut goverment spending as you have pointed out very well 5. And they kept on spending on subsidies 6. Meanwhile our Forex needs keep on rising. So borrowing results. A sign of failure I'm not defending this goverment. PDP and APC are jokes to me |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by olisaEze(m): 9:24am On Dec 19, 2021 |
Ah, ‘‘tis the voice crying in the wilderness saying, make way make way PMB don chop pass GEJ! This guy sha is the only one saying & doing things that his whole party doesn’t have the guts to say or do. And if u think it’s just because he doesn’t reside here now, this administration that is adept at mudslinging would have released information to discredit him if they could find any by now. |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by LZAA: 9:26am On Dec 19, 2021 |
Jack005:Ignore omenka |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by J3susFr3ak: 9:26am On Dec 19, 2021 |
ifiokjohn: Interesting that you mention India's population size. I understand you wanted to emphasize that it is not the size of a country's population but how "productive" that population is. India's tech sector is still growing. Their fastest growth area is reflected in the boom in Tech Unicorn Startups as mentioned in this article: https://www.ibef.org/economy/indian-economy-overview-- "India is the fourth-largest unicorn base in the world with over 21 unicorns collectively valued at US$ 73.2 billion, as per the Hurun Global Unicorn List. By 2025, India is expected to have ~100 unicorns by 2025 and will create ~1.1 million direct jobs according to the Nasscom-Zinnov report ‘Indian Tech Start-up’"... Nigeria's extremely large population is nowhere near productive even for fourth world countries. There is absolutely no policy to incubate any virile world-class tech or industrial startup scene at all. What is the point when even the basics of providing constant and stable electricity has not been mastered? Emerging markets like India and even more-so China--have since leaped far ahead because they prioritized the need to produce and export "something of value"...rather than roll around the the low-wage resource exports tier. Countries like China also understood "growth" by placing a one-child policy for a period in their history with a clear understanding of how Malthusian dynamics can doom a nation's economic growth plans. Nowadays, a more prosperous China has done away with limits to child bearing and is encouraging their young citizens to have more babies because of the greater trend of an aging population. What has doomed Nigeria for so long is the fact that a wild out of control population growth is driven more by "political competition" rather than an a natural organic natural growth reflecting the actual capacity of citizens to take care of themselves. The various ethnic groups have not understood the types of "growth" that correlates with a high human development index--where the quality of the population means a lot more than the "quantity." Becoming a diligent "civil servant" in any tier of government is not the type of technical growth we are talking about. Why has the budget ballooned out of control? Because a massive hydra-headed beast of a leeching Federal Government sucks in and spits out into artificially created constructs called "states" that are even more unproductive but need an unhealthy amount of subsidies from a mono-export to survive. If I had the powers I would scrap two-thirds of the existing states, wipe away the existing local governments (those who want to exist must tax themselves to survive), create a more regional or state policing system (relieving the FG of this burden) and encourage each state to exploit more of their own resources to export for cash. Then, for each state or region...it is sink or swim time! If anyone likes, train your youths with the technology of tomorrow or train them with Almajiri and Nomadic Terrorism...it is all up to you. No more oil revenue to cover your shame anymore! 4 Likes |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by LofiLogic: 9:27am On Dec 19, 2021 |
Horlufemi: Bro abeg what infrastructure? |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Sonn(m): 9:27am On Dec 19, 2021 |
benuejosh:does it mean you don't have any sense of reasoning? I mean' what sort of human beings are you that supports this BUHARI's government? attack the message he passed not the messenger, nobody looted this country more than IBB and ABACHA, but Nigerians never suffered like this, Gej spent only six years and till this day this government is yet to nail anyone through court proceedings that served under Gej, all they do is propaganda cum media trials, DASUKIGATE has been closed without fact-finding, the government you supports today acucuses people online, try them online, and take them into captivity, and you A FULL-TIME ZOMBIE comes online to support them, don't you have sense? you are still talking about Bra that even the government itself has denied saying such, Nigeria has never been this terrible, but some of you wicked souls have refused to call a spade a spade, this evil you some of you guys support today must surely consume you one by one, now' like i said before, attack the message not the messenger... #Onukwu 2 Likes |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by sulaak(m): 9:27am On Dec 19, 2021 |
backbencher: You are writing out of ass! What was the oil price under OBJ, Abacha, IBB etc? Under OBJ oil price was under $30 for 6 years and reached $60 in his final two years yet OBJ managed to clear the national external debt. Over the past year, oil price is $80 yet Buhari has managed to take more loans close to $30 billion, who will pay back this debts |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by nick50(m): 9:29am On Dec 19, 2021 |
Horlufemi:..no he won't waste his energy killing a dead man like u...infrastructure kill u there..ewu |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by HEAVEN4444: 9:30am On Dec 19, 2021 |
Horlufemi:same reno is using money he stole in nigeria to stay in hotels in the carribean which cost 1 million naira a night. can you imagine ? 1 million naira a night is how much reno spends on hotels in the carribean . if you think i am lying i will get the video for you https://www.youtube.com/watch?v=bLninDtH0as |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by mayo47(m): 9:31am On Dec 19, 2021 |
Borrowing so much to fund the budget amidst overdependence on oil revenue from which a significant portion goes on to service existing foreign debt and re-current expenditure. With little or nothing for Capital expenditure which has a multiplier effect boosting variety of economic activity. backbencher: |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Prince111111: 9:32am On Dec 19, 2021 |
Horlufemi:You are blessed for this! |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by tonyson010(m): 9:32am On Dec 19, 2021 |
backbencher: Be blaming oil price, as if Jonathan fixed oil price. This government is borrowing money and looting it. Refineries not working despite promises. Buhari has been campaigning for presidency since 2003, 2007, 2011, 2015 which he won n he is behaving like some who was transferred from a village in Kenya to Aso rock. All those years he was campaigning, he had no idea of what to do for Nigeria.....that is the bitter truth. 6 years + is gone and we are in big chaos, very bad economy, highest insecurity, terrible education, worst inflation, worst unemployment, worst debt, Terrible corruption in police, DSS, EFCC, and public service including the army with their white lies. Nigeria is even more polarised now than ever . Life has become so difficult that people easily surrender to corrupt practices just to survive. No excuse for this kind of failure. 2 Likes |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by Sonn(m): 9:32am On Dec 19, 2021 |
Horlufemi:forgot about Reno and who he is fighting for, concentrate on the message he passed across... |
Re: Reno: Buhari Has Borrowed More Than All The 14 Presidents Before Him Combined by mayo47(m): 9:33am On Dec 19, 2021 |
You probably need to improve your ability to comprehend because I don't see where he indirectly supported the present govt Jack005: |
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