₦airaland Forum

ValarDoharis:
We want total debt

Agbegbaorogboye:
Stop advertising your ignorance
The $3bn was the balance remaining after OBJ paid off the Paris club debts
You're hypocritically complaining of someone who reduced debt from $20bn to $3bn while blind to those who ballooned debt from $10bn to $46bn and counting!!

Nigerians should curse APC when they wake every morning before they wash their mouths

zero8zero:
$30billion not $20billion and we paid off $12billion. He didn't reduce it, it was a relief/cancellation. The $3billion was still in the books as external debts.

fullclub:
Paris club wiped only 18 billion dollars and obasanjo had to pay 18 billion dollars.

That's pay 50% and we forgive u 50%

And after that he left over 70 billion dollars in reserve remember he meet just 3.5 billion dollars as reserve from abacha

We will celebrate obasanjo when he is no more

Agbegbaorogboye:
What is this zombie with zero sense saying?

He did not reduce it abi? Oya tell your god to cancel the $40bn debt abi he nor get biro ni

Mugu

Tinubu is not fit to lace OBJ's shoes now in this world and the world to come

He's just a bloody hypocrite who gathered clowns like you with agbado to worship and defend him

zero8zero:
You're an Illiterate, that's why it was called debt relief or cancellation. He didn't grow enough reserves to pay it off, rather he had to beg for debt forgiveness which was granted to him. Tinubu is doing fantastically well reducing external debts, serving debts and growing the reserves.

zero8zero:
They gave us $18 billion as relief, we paid off $12 billion. OBJ never left $70billion, he left $42billion.

Agbegbaorogboye:
We are still saying the same thing. Since he just woke up from his bed and put a call to the Paris club of debtors and voila, the debt was cancelled, let Tinubu do same now

You think it was an accident of history that DMO, BPE, EFCC, NFIU and other financially responsible offices were created by OBJ in the 2000s

And some of you clowns just sing along like zombies that your god is carrying out reforms

You're all a bunch of ignoramuses. You simply can't give what you don't have

LegendHero:
You no sabi read? Where do you see debt increase.

LegendHero:
So Jagaban dey service the previous loan, took his new loans and ensured the loans remain static at a given +- value.

God bless President Tinubu.

fullclub:
Obj left 70 billion plus 42+20+ excess crude
He explicitly said it here
Take time to watch this
https://www.nairaland.com/8249209/tinubu-came-office-without-plan

zero8zero:
Look at OBJ, after Paris club gave us debt relief, he still ended up collecting another loan, leaving behind behind another $3billon debt .



Tinubu will not bring down anything to 800 or 80 naira, market forces will continue to determine the true value.

zero8zero:
You're only proving me right how much Illiterate you are. OBJ wasn't even the one that started the negotiation, it was a US based organization that initiated a report and intimated Nigerian Govt to take advantage of the window for debt relief for less developed countries since others were also getting debt relief. That was when OBJ appointed members of his cabinet to work with the organization. So, OBJ practically begged for it.
That he created agencies and departments, then that makes him what?. Were the MDAs he met on ground not created by previous Administrations?. Try dey use common sense na.

HisXLNC1:
You that can read, the loans this present administration is taking upandan are they internal debt? Don't you know that government services its debts and borrow more?

LegendHero:
Source: https://x.com/statisense/status/1908161166775308738?s=46[/quote]Summary: Buhari ran Nigeria aground.

$30 billion extra loan during his tenure as president

DataDoc:
Summary: Buhari ran Nigeria aground.

$30 billion extra loan during his tenure as president

Agbegbaorogboye:
The next step for APC buffoons is to tell lies
Why don't you mention the name of the organization? Debt relief that OBJ already mentioned as early as 2000.
Oya Tinubu too should go and beg for it abi he doesn't know how to beg ni. Sebi your previous god Buhari asked for debt relief after covid. Why didn't he get it?
Those agencies are the bedrock of the debt relief. Those agencies showed seriousness from the govt to be fiscally responsible and with the progressive economic management of that govt, they qualified for the debt relief. It shows a high level of financial awareness and public accountability to create such offices in a corrupt country like Nigeria. That is what is called reforms not this audio reform of trial and error.
If it is easy. Tell Tinubu to go and beg for debt relief too.

zero8zero:
You come quick add ECA to it . The purpose of ECA is different from external reserves, ECA belongs to the FG + States, and it's meant for sharing among them.

ElevationD:
So you were part of the team that negotiated the loan terms? Or you gave OBJ the idea how to go about that debt relief.

zero8zero:
You're only proving me right how much Illiterate you are. OBJ wasn't even the one that started the negotiation, it was a US based organization that initiated a report and intimated Nigerian Govt to take advantage of the window for debt relief for less developed countries since others were also getting debt relief. That was when OBJ appointed members of his cabinet to work with the organization. So, OBJ practically begged for it.
That he created agencies and departments, then that makes him what?. Were the MDAs he met on ground not created by previous Administrations?. Try dey use common sense na.

Agbegbaorogboye:
What a tragedy!!

As at 2015 when these incompetent baboons were yet to take power, external debt was just $10bn!!

Today, even with unprecedented taxation of Nigerians comparable only with the colonial days that led to revolts in Aba and Abeokuta, external debts have ballooned to $43bn!!

If you add the $3.3bn taken through NNPCL from Afreximbank to be paid back with our oil production, the external debt is actually $46.33bn!!

APC is a disaster that shouldn't befall any country

zero8zero:
What's special about the AI screenshot you posted?. I already said the same thing. Tinubu will never beg, he's servicing debts, reducing external debts, growing the reserves in less than two years, why must he beg?. A genius of a President.

Abufo:
Oga...your debt is 54 billion dollars......with punitive interest

LegendHero:
So Jagaban dey service the previous loan, took his new loans and ensured the loans remain static at a given +- value.

God bless President Tinubu.

Agbegbaorogboye:
Hahahaha
So it's infantile triumphalism now

Only a very naive individual will confidently declare what a Nigerian politician will do or not do

Some folks in 2004 will say Tinubu will never declare state of emergency
Some in 2012 will say Tinubu will never remove subsidy

Are you clowns even aware that Nigeria restructured its debt under Tinubu? That's why we're paying less to service debt now? What does restructuring entail?

When Tinubu was going from India to France to "look for investors" what was he doing?

A genius of a president who crashed the economy and threw his citizens into the depths of poverty in less than two years and had multinational companies making a bolt for the exit door is a genius indeed!

I guess a child who goes from 20th position to 19th in a class of 25 students is a genius in your cocoon