'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing - Politics

'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing (11616 Views)

1 2 3 4 Reply (Go Down)

'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by Sundaland(op): 9:18pm On Jan 09, 2024

Peter Obi, presidential candidate of the Labour Party in 2023, has accused President Bola Tinubu of abandoning Nigeria’s economic issues.

In a tweet on Tuesday, Obi knocked Tinubu’s economic management style adding that the recent National Assembly’s approval of president request for the securitisation of outstanding N7.3 trillion ‘Ways and Means’ debt balance was a violation of the CBN act.

Ways and Means is a loan facility through which the Central Bank of Nigeria (CBN) provides short-term financing to cover the government’s budget shortfalls.

“This is the time when we need to go beyond politics and partisan grandstanding to address the fundamental issues of rational economic management. I am afraid that the current administration is not paying sufficient attention to issues of rational economic management,” Obi said.

“In seven years, CBN lending to the Buhari government had climbed 2700% in flagrant violation of the CBN Act.

“Indifferent to the illegality of the excessive ways and means borrowing, the national assembly still approved the new Tinubu administration’s request for an N7.3 trn securitization of the existing ways and means facility just before considering the 2024 budget proposals.

“No questions asked. No explanations were sought as to the precise purpose of these borrowings all within the seven-month tenure of this government.

https://dailypostngr.com/2024/01/nigerians-are-in-the-dark-peter-obi-reacts-to-tinubus-excessive-borrowings/

56 Likes 7 Shares

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by Sundaland(op): 9:19pm On Jan 09, 2024*

If we borrow and invest the money wisely to improve lives and also generate revenues, that would be great! But the problem is that we've been hearing and reading on the news that the borrowed fund that are allocated to different Government Agencies / Ministries are being diverted into personal bank accounts. That's really sad!

61 Likes 5 Shares

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by Kosoco(m): 9:26pm On Jan 09, 2024

Politics apart, what is really happening.

99 Likes 9 Shares

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by Pathfinder2090: 9:34pm On Jan 09, 2024

This is just the beginning😂

40 Likes 2 Shares

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by Odogwuzack: 9:37pm On Jan 09, 2024*

In saner climes, even this their fake messiah would have died in prison for diverting state's fund into family business but this is Nigeria where you become a saint as soon you leave the corridors of power especially if you are able to run on tribal and religion sentiments. cool

https://saharareporters.com/2019/01/30/peter-obi-questioned-why-he-invested-30m-state-funds-company-where-his-family-owns-shares

62 Likes 12 Shares

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by Sundaland(op): 9:51pm On Jan 09, 2024

Very unfortunate

12 Likes

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by Dearest01(m): 10:06pm On Jan 09, 2024

Alot is going wrongly, but politics won't let them say it

80 Likes 8 Shares

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by Appletek: 10:06pm On Jan 09, 2024

Very funny

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by adesegun121(m): 10:06pm On Jan 09, 2024

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by christejames(m): 10:06pm On Jan 09, 2024

Fire 🔥 on, the people's President! ♥

45 Likes 6 Shares

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by apasino01: 10:07pm On Jan 09, 2024

Odogwuzack:
In a saner climes, even this their fake messiah would have died in prison for diverting state's fund into personal business but this is Nigeria where you become a saint as soon you leave the corridors of power especially if you are able to run on tribal and religion sentiments.

🤦‍♂️

8 Likes 3 Shares

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by JeffRock: 10:07pm On Jan 09, 2024

Lol

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by deji17: 10:07pm On Jan 09, 2024*

This is one of the reasons that the CBN Governor was removed from office.

5 Likes

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by ILoveNG: 10:08pm On Jan 09, 2024

With the way this guy talks, you wouldn’t believe the supposed messiah has nothing extraordinary In his credentials despite having his time in Anambra.

Nursing Nigerians with talks
Yahoo man

28 Likes 6 Shares

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by Nobleou(m): 10:09pm On Jan 09, 2024

Nigeria jaga jaga...

Idris Abdulkareem is a prophet

24 Likes 3 Shares

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by Bugatie(m): 10:09pm On Jan 09, 2024

Odogwuzack:
In a saner climes, even this their fake messiah would have died in prison for diverting state's fund into personal business but this is Nigeria where you become a saint as soon you leave the corridors of power especially if you are able to run on tribal and religion sentiments.

Do you guys have any other propaganda aside this one?

The economy is bleeding and you think your problem is Peter Obi

103 Likes 12 Shares

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by McDoe(m): 10:10pm On Jan 09, 2024

Well spoken. Peter Obi is another force that we really need to put the pussyfooting govt of the day on its toes.

Hate him or like, those in power dread him.

Carry on Sir. Nigeria needs you more than ever

63 Likes 8 Shares

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by matify83: 10:10pm On Jan 09, 2024

Buhari is receiving Knocks for 21 trillion ways and means borrowings in 8 years.

Asiwaju has already done 7 trillion in 7 months and someone is still wondering why we have galloping inflation?

59 Likes 6 Shares

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by dapsoneh: 10:11pm On Jan 09, 2024

This one sha wan be in the news till 2027 thinki n g he will go again grin

If you wan be an objective critics, you laud the good works of the opposition too

1 Like

Re: 'Nigerians Are In The Dark’ – Peter Obi Reacts To FG’s “Excessive” Borrowing by GboyegaD(m): 10:12pm On Jan 09, 2024

Unfortunately, many would go beyond the message to either attack or defend personalities involved as it soothes them. I have learned that until we as Nigerians are willing to learn and ask right questions from the leaders, one can only watch and pity ourselves.

28 Likes 2 Shares