FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters - Politics (2) - Nairaland
Nairaland Forum › Nairaland General › Politics › FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters (7002 Views)
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by jayce232: 12:23pm On Jun 07, 2024 |
Beremx:Lol  There is no day u will come on this forum & not see govt borrowing for this or that 1 Like |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by Beremx(f): 12:25pm On Jun 07, 2024 |
jayce232:my brother I'm tired of hearing such news. Na wa o! 3 Likes |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by Nobody: 12:38pm On Jun 07, 2024 |
Oya APC supporters should come and sing praises as usual |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by toprealman: 12:39pm On Jun 07, 2024 |
AyeChaniel:You really think they give a shii about your “country” or whatever you call it? |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by Maximiliannnn: 12:47pm On Jun 07, 2024 |
helinues:Helinues go get job, nairaland is not an occupation 1 Like |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by Bimpe29(m): 12:54pm On Jun 07, 2024 |
Nigeria as a country is highly geared. |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by Blazetrailer: 1:04pm On Jun 07, 2024*. Modified: 5:13pm On Jun 16, 2024 |
This man's administration has succeeded in railroading itself into big problems by stupidly making wrong decisions in the bid to call himself a brave reformer. Mark the things below 1. This government will continue to borrow and it will be l far more than Buhati administration did 2. This Govt can not control the inflation that is self inflicted because Tinubu chose the popularity way and not the sensible way. The devaluation of naira killed Nigeria patapata 3. The Government is being led by idiots and Nigeria will continue to get worse 1 Like 1 Share |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by Diligence: 1:14pm On Jun 07, 2024 |
Shey una no remember the debt Tinubu plunged Lagos State into before he left Office as Governor on top of IGR this & dat! That's why Lagos Indigenes don't want to be part of South West if Regional Govt returns! After Tinubu, Fashola also left huge debts... |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by DMerciful(m): 1:26pm On Jun 07, 2024 |
Borrowing for subsidy, its there in the news iwaeda: |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by DMerciful(m): 1:26pm On Jun 07, 2024 |
Subsidy payment PropertyBanker: |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by Streetdoctor: 1:32pm On Jun 07, 2024 |
AskNgige2:Otochaaaaaz nnam u no go kill nwa nke madu |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by Calitoscassius(m): 1:32pm On Jun 07, 2024 |
AyeChaniel:Not really, the Naigerian corrupt FG are the problem, i mean, these countries lends Naigeria these monies with very high interests in the end they end up owning large shares in Naigeria's resources, lands and properties. These debts can never be paid back in decades to come, not even in the next 50 years, what they d be doing is servicing the debts paying high (interests) these countries do not even want these debts paid, they are just interested in Naigeria's resources, which are in abundance in Naigeria. Crude oil, gas, copboid, copper, zinc, aluminium and metal. 1 Like |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by LordIsaac(m): 1:34pm On Jun 07, 2024 |
Beremx:The truth is that the country is gone; the political oligarchs made sure of that. What you see any leader at any level doing is just “patch patch.” We are all waiting for the inevitable! 2 Likes |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by femi4: 1:35pm On Jun 07, 2024 |
Beremx:Not enough |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by lexy2014: 2:31pm On Jun 07, 2024 |
Beremx:He is continuing buharis legacies |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by lexy2014: 2:32pm On Jun 07, 2024 |
LordIsaac:Which patch patch is Tinubu doing? |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by lexy2014: 2:33pm On Jun 07, 2024 |
DMerciful:Then why are they still borrowing since they say they saved trillions from removing subsidy? |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by DMerciful(m): 2:46pm On Jun 07, 2024 |
You believe APC govt? lexy2014: |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by able20(m): 3:15pm On Jun 07, 2024 |
Tinubu, why all this Borrowing? Your people, especially those that stood on your mandate are starving to death and Tinubu is helpless I hope Tinubu is not running another hiding Island somewhere in the Caribbean. |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by Okeoghenerobert: 3:58pm On Jun 07, 2024 |
Go ahead.You are doing well sir |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by sterlingD(m): 4:34pm On Jun 07, 2024 |
StraightGaay:
|
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by Panda7(m): 5:35pm On Jun 07, 2024 |
[quote author=iwaeda post=130348762][/quote]How do govt plan to cover high and increasing food prices in the country? |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by Gabumehn(m): 5:50pm On Jun 07, 2024 |
Am an Electrician looking for job to feed my family my number 09038538378 |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by caye(m): 6:09pm On Jun 07, 2024 |
LordIsaac:The inevitable ( God forbid!) looks more like a mix of:- Congo 1958- date Liberia:- 1992-2002 Sierra Leone:- 1996-2004 Only non-indomies will understand what I wrote. |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by LordIsaac(m): 6:11pm On Jun 07, 2024 |
caye:You should also quote India/Pakistan as well as Sudan. This is 2024, it must not go the Congo way. The inevitable is peaceful disintegration of the contraption! 1 Like |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by CuntPeddler: 6:39pm On Jun 07, 2024 |
By the time APC is done with this nation ehn.... people nyash go don turn come dey for front |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by grandstar(m): 10:16pm On Jun 07, 2024 |
The borrowing would have been reduced to around 1 trillion if the subsidy was removed completely be deregulating the price once and for all as already done will diesel and kerosene. In addition, the subsidy on electricity should also be removed by doing likewise. Government should have fully deregulated the price of petrol from day one and compensated citizens by increasing pay. Though any wage increase won't be sufficient to cover the price increase, it would cushion to some extent the pain associated with it. Sadly, the government has been playing politics with the issue by lying through its teeth that the subsidy is gone for good. If Edun wants his ASAP to lead to fast economic growth, it should slash company tax to 12.5% (with the education tax inclusive) and the economy would begin to zoom. He isn't thinking outside the box. Soludo for instance introduced monetisation and bank recapitalization. Ezekwisili introduced due process. Okonji-Iweala reduced the country's foreign debt through a debt buy-back and in addition, worked hard to save $20bn into the Excess Crude Account. The CBN needs to fight inflation by increasing interest rates until they are higher than inflation. The government must stop seeking a strong Naira as its depleting the foreign reserve. The Nigerian economy really needs to restructure itself so it would greatly reduce the dependence on oil revenue for most of budget funding and for forex inflows. The return to excise duties by the Buhari government and now by Tinubu isn't good. The only reason why they are being applied is because they are easy to collect. It would be better if government increases VAT by 2.5% and improve compliance rates. Only about 25% of VAT is collected. Privatising tax collection may be necessary at this juncture to improve revenues. Tax rates must be business friendly. Private tax collectors must be given realistic targets which to meet but must be way higher than the present lousy revenues they collect.. 2 Likes 1 Share |
| Re: FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls – Sahara Reporters by blueAgent(m): 12:59pm On Jun 08, 2024 |
Calitoscassius: Crap. Stop peddling false information. |
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