₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,327,285 members, 8,430,193 topics. Date: Saturday, 20 June 2026 at 04:16 AM

Toggle theme

If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsIf Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? (920 Views)

1 2 Reply (Go Down)

If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by iwaeda(op): 2:10pm On Jun 17, 2024
If Buhari used $1.5bn to defend Naira & Subsidy monthly, where is $18bn saved? APC just using all their propagandists to distract Nigeria. Buhari is dead brain, but BAT is proofing to be worse.
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by iwaeda(op): 2:19pm On Jun 17, 2024
Bayo Onanuga is worse than Lai. grin grin grin grin grin
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by PressMyButton: 2:22pm On Jun 17, 2024
iwaeda:
If Buhari used $1.5bn to defend Naira & Subsidy monthly, where is $18bn saved?
You're a proof that those in opposition are a bunch of illiterates.
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by RepoMan007: 2:22pm On Jun 17, 2024
That's how they exaggerate figures to arrive at useless propaganda. They cant leave things as they are. Never.
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by RepoMan007: 2:23pm On Jun 17, 2024
PressMyButton:
You're a proof that those in opposition are a bunch of illiterates.
The actual cost of defending Naira should be it's actual floated cost minus what we were paying for it.
Onanuga in his desperation to shore things up, exaggerated the cost. Clowns in corridors of power.
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by iwaeda(op): 2:26pm On Jun 17, 2024
PressMyButton:
You're a proof that those in opposition are a bunch of illiterates.
Proof your point. Always defending incompetency. Awon alatenuje gbogbo. grin grin grin grin
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by opes: 2:31pm On Jun 17, 2024
Where is money saved? Buhari was borrowing to defend naira, there cant be any money saved but can only reduce borrowing when naira is no more defended.
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by PressMyButton: 2:35pm On Jun 17, 2024
RepoMan007:
The actual cost of defending Naira should be it's actual floated cost minus what we were paying for it.
Onanuga in his desperation to shore things up, exaggerated the cost. Clowns in corridors of power.
Your brain doesn't tell you that a floated currency fluctuates based of market forces rather than a fixed rate as was obtained in the past.
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by PressMyButton: 2:37pm On Jun 17, 2024
iwaeda:
Proof your point. Always defending incompetency. Awon alatenuje gbogbo. grin grin grin grin
Aside insults, what else?. Bunch of illiterates.
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by Beautifulday: 2:39pm On Jun 17, 2024
opes:
Where is money saved? Buhari was borrowing to defend naira, there cant be any money saved but can only reduce borrowing when naira is no more defended.
So we didn't sell crude during Buhari era, no tax, no revenue?
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by Melagros(m): 2:39pm On Jun 17, 2024
COMRADES, Onanuga is a useless man
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by RepoMan007:
PressMyButton:
Your brain doesn't tell you that a floated currency fluctuates based of market forces rather than a fixed rate as was obtained in the past.
your controlling demon told you the above.


... actual floated cost ...
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by iwaeda(op): 2:41pm On Jun 17, 2024
PressMyButton:
Aside insults, what else?. Bunch of illiterates.
See literate somebody. grin grin grin grin
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by helinues: 2:41pm On Jun 17, 2024
huh

Na all your salary you dey save?

The debts servicing, increase in states monthly Oyel money, the projects across the country, where are those money coming from?

Chai!! shocked
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by richidinho(m): 2:41pm On Jun 17, 2024
opes:
Where is money saved? Buhari was borrowing to defend naira, there cant be any money saved but can only reduce borrowing when naira is no more defended.
So has the borrowing reduced?
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by PressMyButton: 2:43pm On Jun 17, 2024
RepoMan007:
your controlling demon told you the above.
Another illiterate, pls swerve.
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by Bobloco: 2:44pm On Jun 17, 2024
opes:
Where is money saved? Buhari was borrowing to defend naira, there cant be any money saved but can only reduce borrowing when naira is no more defended.
But curiously, this calamitous Tinubu regime has borrowed more even when they claim that they are not paying subsidies or defending the naira. 

Please don't come up with the bull crap that they are borrowing to fund critical infrastructure. The Buhari government also undertook critical infrastructure.
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by PressMyButton: 2:45pm On Jun 17, 2024
opes:
Where is money saved? Buhari was borrowing to defend naira, there cant be any money saved but can only reduce borrowing when naira is no more defended.
Have you asked your state Governor how his monthly allocations was increased in double?
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by helinues: 2:47pm On Jun 17, 2024
PressMyButton:
Have you asked your state Governor how his monthly allocations was increased?
For where?

The debts servicing regularly which upgraded our ratings with the global financial institutions is not something to be considered by them.

The ongoing projects across the country, na from the heaven the money dey flow.

Educated but they are half baked
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by DMerciful01(m): 2:48pm On Jun 17, 2024
Haters!...pe awon OLOPAA!!
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by PressMyButton: 2:50pm On Jun 17, 2024
helinues:
huh

Na all your salary you dey save?

The debts servicing, increase in states monthly Oyel money, the projects across the country, where is those money coming from?

Chai!! shocked
From Obidients and Mikano boys donations.
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by helinues: 2:51pm On Jun 17, 2024
PressMyButton:
From Obidients and Mikano boys donations.
Their arguments lately is really getting boring. Wondering why they can't just think things through before rushing to post online
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by PressMyButton: 2:51pm On Jun 17, 2024
helinues:
For where?

The debts servicing regularly which upgraded our ratings with the global financial institutions is not something to be considered by them.

The ongoing projects across the country, na from the heaven the money dey flow.

Educated but they are half baked
That's why I called them bunch of illiterates.
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by JAMO84:
Nigeria 2024 budget - $37b - 200m people

South Africa 2024 budget $150b - 60m people

We have a long way to go
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by DMerciful(m): 2:58pm On Jun 17, 2024
Seems you have no answer to his question but hiding behind a finger.

Op,

Its not cost savings but cost avoidance meaning you avoid the borrowing needed to pay subsidy
PressMyButton:
Aside insults, what else?. Bunch of illiterates.
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by PressMyButton: 3:04pm On Jun 17, 2024
DMerciful:
Seems you have no answer to his question but hiding behind a finger.

Op,

Its not cost savings but cost avoidance meaning you avoid the borrowing needed to pay subsidy
Do you have a State Governor?. Have you gone to ask him what he's been doing with the increased allocations?
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by PressMyButton: 3:06pm On Jun 17, 2024
helinues:
Their arguments lately is really getting boring. Wondering why they can't just think things through before rushing to post online
They are social media opposition. They lack creativity.
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by iwaeda(op): 3:11pm On Jun 17, 2024
DMerciful:
Seems you have no answer to his question but hiding behind a finger.

Op,

Its not cost savings but cost avoidance meaning you avoid the borrowing needed to pay subsidy
What borrowing has this government avoided? grin grin grin grin grin
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by RepoMan007: 3:13pm On Jun 17, 2024
PressMyButton:
Another illiterate, pls swerve.
demon, abeg leave him mumu button o.
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by DMerciful(m): 3:13pm On Jun 17, 2024
I have said I'll hold my state gov accountable when there's state autonomy and state resource control. I don't believe this system where my resources go to Abuja then less than 30% come back to my state.

I want my state to rather, pay 20% to fg and we keep 80%
PressMyButton:
Do you have a State Governor?. Have you gone to ask him what he's been doing with the increased allocations?
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by RepoMan007: 3:14pm On Jun 17, 2024
helinues:
Their arguments lately is really getting boring. Wondering why they can't just think things through before rushing to post online
This isnt about Obodient. I believe the OP is more PDP inclined.
Re: If Buhari Used $1.5bn To Defend Naira & Subsidy Monthly, Where Is $18bn Saved? by DMerciful(m): 3:18pm On Jun 17, 2024
I'm explaining why there's no saving of $1.5billion.

However, everybody knows Tinubu is paying subsidy much more through the back door of NNPCL
iwaeda:
What borrowing has this government avoided? grin grin grin grin grin
1 2 Reply

FG Spends ₦200b On Electricity Subsidy Monthly – Olu VerheijenContractors Hand Over $1.5bn Lekki Port After CompletionBuhari Used As An Example Of A Bad Leader During Lectures In Scotland University234

Gov Fubara Praises Tinubu For Fair Play In Rivers LG Election (video)Minimum Money Given To School Children These Days By ParentsDollar Is Now 1730