Ali Ndume Is Right — Tinubu Is Borrowing Nigeria Into An Existential Crisis - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › Ali Ndume Is Right — Tinubu Is Borrowing Nigeria Into An Existential Crisis (234 Views)
| Ali Ndume Is Right — Tinubu Is Borrowing Nigeria Into An Existential Crisis by malali(op): 4:23pm On Apr 08, 2025 |
“It is one thing to borrow money for development. It is another thing to borrow recklessly like a man who knows he will never have to pay back. Unfortunately, Nigeria is in the latter category under President Bola Ahmed Tinubu.” Senator Ali Ndume didn’t say anything new. He only vocalized what millions of Nigerians have been grumbling about in their homes and on the streets — Tinubu’s government is borrowing Nigeria into its early grave. Two years into his administration — what exactly do we have to show for it? Where are the mega farms feeding the nation? Where are the new government-established companies employing 100,000 Nigerians? Where are the state-backed industries generating foreign exchange? Zero. Nothing. Emptiness. Yet, Tinubu borrows like a gambler in a casino — knowing full well he will not be around when the debt collector comes knocking. Dual Citizenship Appointees: Agents of Capital Flight It is a matter of national security and common sense. More than HALF of Tinubu’s appointees have dual citizenship — the highest number in Nigerian history. Let us be blunt — these people did not swear loyalty to Nigeria alone. They hold passports from America, the UK, Canada, and Europe — countries where their families reside, their assets are hidden, and their future is secured. They never declare their assets abroad. They have one leg in Nigeria for looting — and one leg outside for escaping. These are the same people controlling Nigeria’s purse strings. What stops them from moving billions abroad when their loyalty is divided? Absolutely nothing. My Recommendations 1. Mandatory Declaration of Dual Citizenship Every appointee must publicly declare all other citizenships they hold. No exceptions. 2. Quarterly National Debt Report The Senate must publish quarterly reports detailing: • Total Debt (Domestic + Foreign) • Specific Projects Funded • Repayment Timelines • Revenue Generated From Each Project 3. Ban Dual Citizens from Critical Economic Portfolios No dual citizenship holder should manage Nigeria’s economy, foreign reserves, or national security. The Senate: From Oversight Body to Comedy Central Under Senate President Godswill Akpabio, the Nigerian Senate has been reduced to a circus. Instead of overnighting the federal government, Akpabio is battling allegations of sexual harassment — an embarrassing distraction for the third arm of government. The Senate floor — once a place of serious national debate — now feels like open-mic night at a stand-up comedy club. Akpabio has been rightly branded Nigeria’s certified political jester. But the joke is on us — the Nigerian people. Tinubu’s borrowing spree without productivity is laying a time bomb for Nigeria. Debt is not the enemy — unproductive debt is. If the money borrowed is not used to generate more wealth, Nigeria will soon face: • Currency collapse • Sovereign default • Massive capital flight • Extreme unemployment • Brain drain of the best minds And when that happens, those with dual citizenship will escape. The rest of us will be left to pick up the pieces. Senator Ali Ndume is not just right. He is the only one left with the courage to say what everyone else is too cowardly to admit. If Tinubu continues borrowing like a man who knows the house is not his — Nigeria will not survive the rent due date. 1 Like
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| Re: Ali Ndume Is Right — Tinubu Is Borrowing Nigeria Into An Existential Crisis by malali(op): 4:23pm On Apr 08, 2025*. Modified: 4:47pm On Apr 08, 2025 |
Tinubu has zero revenue generation Ideas. All what was done in Lagos was because of establishments by the federal government when it was the country's capital Now he is just borrowing loans like crazy 2 years into his administration there is no new revenue generating project by Bola Tinubu to justify the amount of loan he has borrowed. The 10th senate is filled with clowns, so they have turned it into a circus. Today is sexual harassment, tomorrow its alleged murder plot. There is zero oversight of the federal government. If you catch Akapbio and ask him how much has Nigeria borrowed till date. I am sure he has no idea. But if you ask him what color wrapper Natasha wears to the red chamber the most. He might have an accurate answer. Nigerians, these people dont care about us. The nation belongs to all of us ,not just the alleged winners of the elections. We have to stand up fight and resist these people. 1 Like 1 Share |
| Re: Ali Ndume Is Right — Tinubu Is Borrowing Nigeria Into An Existential Crisis by VnAhunnaPl: 5:00pm On Apr 08, 2025 |
Existential crisis ko, e don tire wey don go borrow |
| Re: Ali Ndume Is Right — Tinubu Is Borrowing Nigeria Into An Existential Crisis by malali(op): 5:46pm On Apr 08, 2025 |
VnAhunnaPl:We are borrowing at the most reckless, record-breaking pace ever seen — all under Tinubu. Yet, there is absolutely nothing tangible to show for it. Let’s not forget — this is a government no longer paying for fuel subsidy. This is a government no longer paying forex subsidy either. But somehow — we are borrowing far more than when we were shouldering those heavy obligations. So the question is simple — Where is all that money going? 2 years in — not a single federal revenue-generating project has emerged. Not one. Just borrowing to spend. Borrowing to share. Borrowing with no vision for wealth creation. |
| Re: Ali Ndume Is Right — Tinubu Is Borrowing Nigeria Into An Existential Crisis by Brendaniel: 6:10pm On Apr 08, 2025 |
malali:But we told you guys now, we warned, I had sometimes sleepless nights here on nairaland trying to explain why Tinubu should not be president, all what he is doing now is not really a surprise to me. I wish you can go through my comments throughout the election period and post election period, this thing happening to you I knew it will happen and I told a lot of Tinubus supporters then that it will happen to them because time will reveal who Tinubu really is to them. Read this article I wrote and see one of the reasons( because there are other reasons) why some of us saw him as the worst candidate on the presidential ballot... https://www.nairaland.com/7802865/only-tinubu-supporters-saw-nigeria |
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