₦airaland Forum

Tinubu inherited 87 trillion naira Debt,over 20 trillion naira is needed to service the debt in 2 years

The loan is for debt serving simple

adenigga:
Source: https://punchng.com/Nigerias-WBank-debt-may-hit-$9.2bn-as-FG-eyes-six-loans

Government of loans, for loans, by loans.

All these external loans should stop.
It appears as if there are a few people in the federal government and the lending institution who get commissions from these loans.
When the federal government takes external loans, they indirectly take money from the general Nigerian population through naira devaluation, and excessive inflation.

I know this world bank is a cesspool of wastage too.

malali:
Tinubu’s Government Is Drowning Nigeria in Debt
1. Reckless Borrowing:
Tinubu’s administration has turned Nigeria into a debt junkie, securing $9.25bn in World Bank loans in just three years.
Instead of fixing revenue generation, they keep mortgaging Nigeria’s future.
2. Empty Promises & No Results:
Loans were taken for power, healthcare, and education, yet blackouts persist, hospitals are underfunded, and schools remain in shambles.
Where is the accountability for the billions borrowed?
3. Debt Servicing Crisis:
Nigeria spent $3.58bn in 9 months just to service foreign debt—a 40% increase from 2023.
The country is bleeding cash while the government keeps taking more loans instead of fixing the economy.
4. False Economic Independence Claims:
Tinubu’s finance minister claims they’re reducing reliance on debt, yet six more loans are coming in 2025!
This government is saying one thing while selling out Nigeria to foreign lenders.
5. World Bank Control:
With $17.32bn owed, Nigeria is now a puppet of the World Bank.
How can we claim sovereignty when foreign institutions dictate our policies?

Government is not fixing Nigeria; it’s burying it under mountains of debt while ordinary Nigerians suffer.
Going on 2 years, can we account for what all the loans have been used for so far ?

they told Nigerians that when they eventually remove fuel subsidy that they will free surplus funds for national developments, but after the removal of fuel subsidy, there is no surplus funds anywhere for national developments, but instead they still depends on loans, loans, loans, for the so-called invincible national developments, and even for the funding of ordinary yearly national budgets.
is it not obvious to Nigerians that APC governance is a scam and that Nigeria nation is bleeding seriously because of these unchecked lootings of our national resources.

Ironfaceman:
But wait oh our GDP keeps rising our naira keeps gaining strength against the dollar, our country is now the biggest investment destination but our BORROWING keeps increasing.

CARDOSO is the worst thing to happen to Nigeria. That guy is a DAFT. CBN is not LAPO.

Cbn is not LAPO

chidiokay:
the main ones govt is subsidizing for you

The secret subsidy paid in imported petrol is what?

Gboss247:
The secret subsidy paid in imported petrol is what?

With Dangote price of Pms what exactly is govt subsidizing in Nnpc Pms price


Bwala is actually right

Niceme2020:
Tinubu inherited 87 trillion naira Debt,over 20 trillion naira is needed to service the debt in 2 years

The loan is for debt serving simple

As stated where ?? did you even read the article beta go back n read ...

injustice to your brain cos of 30k allowee is it really worth it

Niceme2020:
Tinubu inherited 87 trillion naira Debt,over 20 trillion naira is needed to service the debt in 2 years

The loan is for debt serving simple

As stated where ?? did you even read the article beta go back n read ... 20 trillion to service 87trn

divorcing your brain cos of 30k allowee is it really worth it

Loan again😳😳😲😲? Why don't these people just calculate how much this country worth and sell it off once and for all then share the money among us instead of collecting loan to be embezzled up and down?

Na una great grandchildren go pay the debt. Meanwhile, bulaba go flex the money

WTF are you borrowing ?
What new revenue are you using to pay back the interest ?
Crap !!! Enough already

chidiokay:
As stated where ?? did you even read the article beta go back n read ... 20 trillion to service 87trn

divorcing your brain cos of 30k allowee is it really worth it

Damn !!! lol 😂

chidiokay:
With Dangote price of Pms what exactly is govt subsidizing in Nnpc Pms price


Bwala is actually right

NNPCL imports petrol from Europe where the cheapest petrol is €1.7/litre i.e about N2,700 yet the landing cost in Nigeria is N900+ because secret subsidy does the magic.

Gboss247:
NNPCL imports petrol from Europe where the cheapest petrol is €1.7/litre i.e about N2,700 yet the landing cost in Nigeria is N900+ because secret subsidy does the magic.

Did that nonsense you wrote come out from your anus or nose

Nnpc is using #1,800 to subsidize 1ltr of fuel 🤣🤣🤣 when dangote own fuel is just 950 .... it is the height of foolishness for me you can jump sha

chidiokay:
Did that nonsense you wrote come out from your anus or nose

Nnpc is using #1,800 to subsidize 1ltr of fuel 🤣🤣🤣 when dangote own fuel is just 950 .... it is the height of foolishness for me you can jump sha

Whether it came out of my anus, ear, or ear. The truth is visible for all to see.

Gboss247:
Whether it came out of my anus, ear, or ear. The truth is visible for all to see.

Mumu, are you aware dangote just crash fuel price to 825,


if naa you be Nnpc you go ignore nearby 825 to go n buy abroad @ 2700 then subsidize 1875 on top cos money naa water