Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation - Politics (3)

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Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation (15543 Views)

Okowa Signs 2023 Appropriation Bill Of ₦‎571.6 Billion / “He’s Not My Son” – Tinubu Reacts To Osinbajo’s 2023 Declaration / Tinubu Reacts To Sanwo-Olu's Move To Cancel Pension For Ex Governors & Deputies (2) (3) (4)

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Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Benwallt(m): 8:13pm On Jan 13, 2023

Obi can never articulate a point like this in his lifetime.

1 Like

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by AmuDimpka: 8:14pm On Jan 13, 2023

And who said that this one is an accountant

This is the first time I year am accountant say budget deficit isn't bad

If this kan win eeeeehhhh bubu will be a saint

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Ttalk: 8:14pm On Jan 13, 2023

mrvitalis:

Ignorant you want to debate ? I dare you

What do you know this boy

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Indispensable85(m): 8:15pm On Jan 13, 2023

alsudan:
What does the idoi.t know about Budget Deficit?

No woman he the dodge debate.

You're asking a two term governor that prepared budget 8times what he knows about budget deficit? Una too mumu sha

3 Likes

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Nightwolf1: 8:16pm On Jan 13, 2023

INDOMIE9090:
the gathering,meetings,interviews he has been doing all this while is what?
So you think tinubu will stoop so low to attend town hall meeting with a third class empty brain philosopher where some retarded ipob youths are waiting to tear him apart.
Jagaban only meet with strategic people not hooligans.

What a pathetic excuse grin

This is more like a presentation by a loafer. Tinubu debating with other presidential candidates means stooping low in your line of thought really? grin

This is why u guys are regarded as most senseless group rooting for these political party candidates.

Without mincing words, this is what I have for you below.

2 Likes

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by oneMalik: 8:16pm On Jan 13, 2023

Tell us what you know !

You can be right .

Johnthejohn:
What does Tinubu know about budget

3 Likes

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Indispensable85(m): 8:18pm On Jan 13, 2023

AmuDimpka:
And who said that this one is an accountant

This is the first time I year am accountant say budget deficit isn't bad

If this kan win eeeeehhhh bubu will be a saint

Just shut up you dunce.
Go and study the budgetary system of the big nations and stop exposing your ignorance in public.

3 Likes

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by INDOMIE9090(f): 8:18pm On Jan 13, 2023

Nightwolf1:

What a pathetic excuse This is more like a presentation by a loafer. Tinubu debating with other presidential candidates means stooping low in your line of thought really? This is why u guys are regarded as most senseless group rooting for these political party candidates.

Without mincing words, this is what I have for you below.

eyah
I and my family are voting tinubu,if you are pained,drink sniper

1 Like

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Hoelujohn: 8:18pm On Jan 13, 2023

oyebanji44:
Good point from tinubu

As long as it is used for the intended purpose..

Like what buhari did to the south easterner by constructing the second Niger bridge ..

Is it wise ,for any one of them to criticise buhari for borrowing loan..

Loan that can be used to construct 4 of such bridges. Seems you don't know what contracts is about in Nigeria. It's contracts issues that made Tinubu fought Ambode

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Nightwolf1: 8:20pm On Jan 13, 2023

INDOMIE9090:
eyah
I and my family are voting tinubu,if you are pained,drink sniper

dumbo

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by CodeTemplar: 8:22pm On Jan 13, 2023

The Presidential Candidate of the All Progressives Party, APC, Bola Ahmed Tinubu, said budget deficits are not necessarily bad.
Also, he said the real issue is whether the budget deficit spending is productive.

Yes, is rail service able to pay for the railway to Niger or it is oyel money to the rescue?

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Goodoldays(m): 8:25pm On Jan 13, 2023

oyebanji44:
Good point from tinubu

As long as it is used for the intended purpose..

Like what buhari did to the south easterner by constructing the second Niger bridge ..

Is it wise ,for any one of them to criticise buhari for borrowing loan..

You mean a bridge that will be tolled,a bridge that we and our children will pay for?

You see one thing with you people is that no matter how glaring Tinubu and APC failure is,you will still ignore and try hopelessly and shamelessly defend failure.

1 Like

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Enemyofpeace: 8:26pm On Jan 13, 2023

Liar! Speaking from both sides of his mouth

2 Likes

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Temptee101(m): 8:30pm On Jan 13, 2023

What does mr. Bulaba know about the economy he helped Buhari to destroy? How was he able to pronounce Deficit because we all know his brains have left him due the excessive abuse of hard drugs therefore he couldn't have successfully pronounced that without going mad

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Fujiyama: 8:32pm On Jan 13, 2023

oyebanji44:

Did you know if the money wasn't enough

^^^

Is that your final question?

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Fujiyama: 8:35pm On Jan 13, 2023

Obaofaba:
Jagaban is my president....

The man is very vast with productive agendas, he knew and understand Nigeria more than any of his challengers.

He has men in every local government area in Nigeria.

His cabinet members has been known already.

Positive results will start showing from 29th May.

^^^

Ok.

We are still waiting for your comments on deficit financing. That's the discussion here.

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Kruzxx: 8:37pm On Jan 13, 2023

oyebanji44:
Good point from tinubu

As long as it is used for the intended purpose..

Like what buhari did to the south easterner by constructing the second Niger bridge ..

Is it wise ,for any one of them to criticise buhari for borrowing loan..

Mumu spotted

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Stevosty: 8:39pm On Jan 13, 2023

We can't be running a deficit budget and the country retrogresses at the same time, something is fundamentally wrong, it is either the money is being looted or we have incompetent leaders, and who is going to balance the deficit? Definitely not their generation, Nigeria for sale.

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Fujiyama: 8:40pm On Jan 13, 2023

casualobserver:

For all his flaws, He is the most qualified of all the Nigerian presidents to date on finance, budgeting and accounting.

^^^

Your statement is incorrect. He isn't president yet - and he may never be. Only time will tell.

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Fujiyama: 8:47pm On Jan 13, 2023

Winning123:
And your Obi is such a slowpoke. He thinks reducing beauracracy alone can stimulate growth. And he belongs to a political party with no national assembly member. Some of his solution require legislations.

^^^
Even though this thread's focus is Bola Tinubu - you do have a point about difficulty Peter Obi will face in passing legislation with hostile lawmakers - if he (Obi) becomes president. I'll concede that.

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Yampotatocarrot(m): 8:47pm On Jan 13, 2023

Nairaland FrontPage is now lined like the pages of a book... Good idea, makes the topics readable... Seun, please do reduce the font a little, they're kind of too large, hence the front page isn't accommodating too much topics

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by ezechi242: 8:48pm On Jan 13, 2023

oyebanji44:
Good point from tinubu

As long as it is used for the intended purpose..

Like what buhari did to the south easterner by constructing the second Niger bridge ..

Is it wise ,for any one of them to criticise buhari for borrowing loan..

I hope you ate buying fuel and bread 70 naira each......get sense in Jesus name.

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by funshint(m): 8:49pm On Jan 13, 2023

Some people want to see Tinubu publicly criticize Buhari...even if he knows he's wrong it won't happen. Una go wait tire grin

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Fujiyama: 8:52pm On Jan 13, 2023

adioolayi:
A first class Accounting graduate...

^^^
This is false.

adioolayi:
A former employee of some of the best financial institutions in the world..

^^^

Name these financial institutions please. I ~~dare~~ urge you to.

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by muykem: 8:53pm On Jan 13, 2023

Johnthejohn:
What does Tinubu know about budget

amazing comment from IPOB member. Chartered accountant doesn't know anything about budget but third class in philosophy know it.

1 Like

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by 9gerian: 8:56pm On Jan 13, 2023

For a healthy Tinubu, Nigeria would be lucky to have him.

casualobserver:

For all his flaws, He is the most qualified of all the Nigerian presidents to date on finance, budgeting and accounting.

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Nato008(m): 8:58pm On Jan 13, 2023

oyebanji44:

Good .

.you are talking about cut of expenses ..buhari and osinbajo did the same by cutting their salaries

Let us imagine if you were the president

And you decided to cut all the expenses

Don't think you will be stepping on toes
Especially those senators
But u realize if we don't take matters into ours hands we are doomed not the senators,the senators will simply go with the next flight out....it seems we don't realize we are on life support here,we can't afford to get it wrong.....

1 Like 1 Share

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by casualobserver: 8:59pm On Jan 13, 2023

Fujiyama:

^^^

Your statement is incorrect. He isn't president yet - and he may never be. Only time will tell.

ok he is the most knowledgeable on finance, budgeting and accounting of all past Nigerian presidents and the leading aspirants.

Obasanjo got us debt relief...to what avail? all the saving was looted with nothing to show in infrastructure...electricity zero, roads zero, refineries zero, rail zero...upon all he even sold over 150 govt owned companies. Peter Obi saved money for Anambra...to what avail? People who understand money, debt and budgeting know that for a country badly in need of development, you borrow as much as you can and invest in infrastructure and social programs. The more you borrow the less there is to steal, the more you save the more there is to steal. the more you borrow the more your successor have to engage their brains to generate revenue, the more you borrow the more you can invest in creating future wealth.

Ofcourse the caveat here is that so long as the borrowing is invested properly. However in the case of Nigeria, you save money you are just saving money for your succesor to loot without doing any work. If your successor is going to loot at least leave him/her with a debt burden (hopefully for visible infrastructure) so that if he want to loot he has to work to generate increased revenue, because debt is always deducted at source from FAAC.

4 Likes 1 Share

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Theunbothered: 9:00pm On Jan 13, 2023

oyebanji44:
Good point from tinubu

As long as it is used for the intended purpose..

Like what buhari did to the south easterner by constructing the second Niger bridge ..

Is it wise ,for any one of them to criticise buhari for borrowing loan..

Borrowing without a plan to generate from the project is wickedness.

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by Fujiyama: 9:01pm On Jan 13, 2023

INDOMIE9090:
the gathering,meetings,interviews he has been doing all this while is what?
So you think tinubu will stoop so low to attend town hall meeting with a third class empty brain philosopher where some retarded ipob youths are waiting to tear him apart.
Jagaban only meet with strategic people not hooligans.

^^^
That's a very condescending way to describe people who you want to vote for your principal.

I am not an IPOB member. I am certainly not a hooligan.

I don't think a presidential candidate attending a town hall meeting is "stooping low". undecided

Why is Bola Tinubu avoiding the rough and tumble of electioneering - the part that will involve him taking questions from an audience and actually thinking on his feet? Why is he afraid of being tested?

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by reddingtonblack: 9:01pm On Jan 13, 2023

mrvitalis:
This people that wrote this rubbishes for agbdo no nothing about economy

A country who's debt servicing to revenue is already over 100% you want to borrow more ?

What's Japanese debt servicing to revenue ratio .....I can bet you they would never mention that
The funny thing is the more we show lack of fiscal discipline the more our lenders give us high interest rate which then compound our already terrible revenue to debt service ratio

Solutions show fiscal discipline , remove subsidy , cut cost of governance , your president of a country which GDP is less than that of Huston is having a motorcade of 50 cars , 15 private jets ? For a small economy as ours ?

My advice is one remove subsidy introduce a #75 tax on every liter of fuel

Reduce number MDAs

Infact go listen to Peter obi he Sabi pass me

You should have taken your time to digest what TInubu is saying, borrowing or collecting loan is not bad itself, countries & large scale firms sort for loan all the time to finance projects, now what you use the loan to do is what is subjective to bad or good which i agree with Tinubu.

Borrowing loan to finance recurrent expenditure is counter-productive and i guess the point Tinubu is trying to make is that how about borrowing money to finance projects
& infrastructures that will be inaugurated into generating income/revenue should be the ideal.
Imagine someone collecting loan to finance a wedding or burial, then he cries loan is bad buh when you borrow money to acquire asset, the asset itself can service its loan & repay on a short or long run depends.

3 Likes

Re: Budget Deficits Not Necessarily Bad – Tinubu Reacts To 2023 Appropriation by IbeOkehie: 9:02pm On Jan 13, 2023

ganisucks:
Yes Baba. The deficits are "Real and they are spectacular ".

Alright Seinfeld fan. shocked

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