₦airaland Forum

owobokiri:
Borrow tens of billions from the World Bank.., then repay couple of millions to the IMF for the agbadorian propaganda machine, (which you will re-borrow in a fortnight from all sorta of places) and voila; you are the best administration since Lee Kuan Yew.. That's according to Tilimgbu School of Escobar Economics..

I thought there is something called "borrowing from Peter to pay Paul"

Oya show me proof from Worldbank website that showed we borrowed additional $10 billion + since Tinubu got to power.

If you can show me, I will deactivate my account.

Remember I said Worldbank and not all these useless blog.

I am the first person in the whole Nigeria to break this “IMF debt $0 for Nigeria news” and I did on Nairaland here. After I premiered it here, the FG spokesperson made a thread on Twitter and the useless mainstream media that can’t do simple research started writing about it.”

Brendaniel:
So what did Tinubu support Buhari to do for 8 years?

I don't know

have you eaten today

Jagabanbattle:
Nigerians don’t know how rich Nigeria is after removing subsidies on so many things.

Tinubu will no doubt bring Nigeria to greatness in terms of financial strength.

tinubu üriné drinkers army have seen food today

These Obidients call themselves lovers of Nigeria.

How then can you be sad that Nigeria is clearing her debt bit by bit?

Mistersolar:
nigerians needs to feel the impact of debt repayment, you cant be making citizen work harder and stay poorer whle the politicians eat fat

Is it the day that raining season starts that grasses grow everywhere?

Brendaniel:
Shebi you people have achieved what you wanted, enjoy it while it lasts...

Who are the people voting Tinubu out?

Achieve?
The only people that made Tinubu won are the Obidients who divided votes

tell that to thieving chicago president and senatosr who are not cutting governance cost like argentina did

olaolaking:
Is it the day that raining season starts that grasses grow everywhere?

ttoyetade:
This is the excuse that they always use that the" next person to come in won't do miracles" but Nigeria is full of talented people and Tinubu is not the best leader we can produce. We have people who can turn things around more quickly, who can more transparent, not corrupt and also able to deal with corruption. We haven't had a good leader in this country apart from Muritala Mohammed and Tunde Idiagbon.

Are you aware that a certain madam Gele was in charge of our economy for close to 15 years? Tell me if she's not capable enough. Tell me those that you know are better than her in economics matter. Tell me your brother is better than Soludo or even Osinbajo. They all managed us and we cried to heavens despite that they pampered us. Miracles won't happen

Mistersolar:
tell that to thieving chicago president and senatosr who are not cutting governance cost like argentina did

Is that all? At least you've tried. Now run!

shame on you, dem no give you and your pikin chop, dem dey chop alone and you dey here dey lick the sand they piss on....... spits

olaolaking:
Is that all? At least you've tried. Now run!

Pls dont beg them to move on we don't care anylonger infact we have left them behind.

Obj spend 8 yes same lazy people complained all through and waste the whole 8 years and can not point to anything they have done for their lives.

Our Jonathan spend 6 years same Lazy people complained and wasted the whole 6 years and can not point to any good thing they have done or achieved.

Buhari spend 8 years same lazy auto reverse destiny people complained for 8 years and achieved nothing to change their life for better.

Tinubu is here 2 years gone same lazy destiny missed road people still here lamenting and lamenting nothing to show their mates are buying cars, marrying, doing house warming even as at yesterday, starting up business but they are here wasting away surely we will help them to waste another 8 years of their life as God live.

Keep on lamenting and complaining 2031 still far no go sit and think of how you can discover your auto reverse destiny back on track dem no dey telli pesin. A word is enough for the wise.

LordBiden:
Tell him to return fuel and dollar price to where he met it.

Thats the only freedom we seek.

And continue to borrow $10 billion dollars annually to support it,abi?

1Alex:
What and what are currently subsidised in Nigeria today?

Many things are subsidized here. You don't know until you are told. Lagos state subsidized health for 65 and above.

Health is cheap here if you don't know.

Primary and secondary education are almost free.

University education is subsidized.

Electricity is subsidized.

We just don't appreciate this things and I think government should back off if possible

olaolaking:
Many things are subsidized here. You don't know until you are told. Lagos state subsidized health for 65 and above.

Health is cheap here if you don't know.

Primary and secondary education are almost free.

University education is subsidized.

Electricity is subsidized.

We just don't appreciate this things and I think government should back off if possible

we are not talking about Lagos state. How can a person in Jigawa enjoy Lagos subsidies?

The Debt Management Office is the go-to-agency which has the current stats and debt portfolio of the country and indeed our debt profile has increased from May 29, 2023 to Q1 2025.

May 29, 2023. = N91 trillion debt approx
March 2025 (Q1) = N141 trillion debt approx


N50 trillion additional debt from both domestic and foreign international lenders.

@ legend hero,

The IMF milestone is an achievement but we need to to be concerned about oil production in April 2025 at 1.5m bpd and crude at $60 per barrel.

The budget deficit if production is not ramped up may throw us into another set of borrowings or what do you think ?

LegendHero:
Oya show me proof from Worldbank website that showed we borrowed additional $10 billion + since Tinubu got to power.

If you can show me, I will deactivate my account.

Remember I said Worldbank and not all these useless blog.

I am the first person in the whole Nigeria to break this “IMF debt $0 for Nigeria news” and I did on Nairaland here. After I premiered it here, the FG spokesperson made a thread on Twitter and the useless mainstream media that can’t do simple research started writing about it.”

olaolaking:
Are you aware that a certain madam Gele was in charge of our economy for close to 15 years? Tell me if she's not capable enough. Tell me those that you know are better than her in economics matter. Tell me your brother is better than Soludo or even Osinbajo. They all managed us and we cried to heavens despite that they pampered us. Miracles won't happen

But they were borrowing money to pay salaries in 2014 even before Buhari arrived.
Not able to pay salary and other ills....that is how good they were

richmond500:
It's two years already.
When will the 2moro come?
If things dont become easy by 2027, people will vote out Tinubu.
4yrs is enough to show us that he knows what he is doing.
I spend 20k on electricity every month, with just fan, AC, fridge and three bulbs.
I know how hard it is to live.

20k or you mean more? There is no way you can run all you said with 20k in a month. Bros I use that in tops 3-4 days with management. Maybe you are not on band A.

Mistersolar:
shame on you, dem no give you and your pikin chop, dem dey chop alone and you dey here dey lick the sand they piss on....... spits

You better go and fine work and leave this begging attitude of relying on government to feed you. Be shaming me who takes care of my family without expecting any government to cup

LordBiden:
Tell him to return fuel and dollar price to where he met it.

Thats the only freedom we seek.

How does this even make sense to you?

Ofemannnu:
But they were borrowing money to pay salaries in 2014 even before Buhari arrived.
Not able to pay salary and other ills....that is how good they were

They have to because they don't have option. You people had insisted that the money available must be used to pay subsidies. Petrol, electricity, etc. They wanted to remove subsidy far back then so that they can do many things and borrow less but una gree.?

Die minutes moves, election moves…what do we say when someone does 100 things wrongly but does one thing right…I don’t know what it is but it’s definitely not a Thank you!

1Alex:
we are not talking about Lagos state. How can a person in Jigawa enjoy Lagos subsidies?

What of electricity? what of education?

I mentioned state because they also have power to subsidies

Of course, that is something your God sent politician can do within 4 years?

Even the best economist in the world can't take those economic variables to what they were few years ago.

Yes, damage was done. But it takes trial and error to actually get the desired result.

But as for this debt settlement. It's 100% path towards great results.

So kindly swallow this pills even if it's bitter. Thanks!

LordBiden:
Tell him to return fuel and dollar price to where he met it.

Thats the only freedom we seek.

nedekid:
20k or you mean more? There is no way you can run all you said with 20k in a month. Bros I use that in tops 3-4 days with management. Maybe you are not on band A.

I use it on management too.
As for AC, I only put it on for like 30mins a day.
5mins every hour.

I don't even watch tv,
as for my fridge, I on it only for around 7hours daily

IMF debt was repaid so they can ask for huge top up

1Alex:
What and what are currently subsidised in Nigeria today?

Oga nothing can be subsidised for now, things have gone really bad since the military government...everyone is corrupt and we need to reset out brain to factory settings... you can't just have it easy within 4 years.. kolework....we all have to sacrifice for our children or else you eat their tommorrow today.

The white did that many decades ago and they are doing fine....

If you know the meaning of what he has done by offsetting IMF loan, you will forget about fuel subsidy.

LordBiden:
Tell him to return fuel and dollar price to where he met it.

Thats the only freedom we seek.

Lanruze:
The Debt Management Office is the go-to-agency which has the current stats and debt portfolio of the country and indeed our debt profile has increased from May 29, 2023 to Q1 2025.

May 29, 2023. = N91 trillion debt approx
March 2025 (Q1) = N141 trillion debt approx


N50 trillion additional debt from both domestic and foreign international lenders.

@ legend hero,

The IMF milestone is an achievement but we need to to be concerned about oil production in April 2025 at 1.5m bpd and crude at $60 per barrel.

The budget deficit if production is not ramped up may throw us into another set of borrowings or what do you think ?

Bro read what you wrote nao. We borrow loan in USD, the difference you are seeing is due to the changes in exchange rate due to the devaluation.

--If you owe me $100 in 2023, you are owing me like 700K for example.
--If you owe me same $100 in 2025, you are owing me like 1.6M.

Can you say the increase is because "I borrowed more"?

Let us argue like learned people please. Tinubu has not borrowed any additional $10billion loan anywhere, who will even borrow us a lump sum like that?

olaolaking:
You prefer the country to be in debt as far as you buy fuel for 200 naira. A very bad citizen who prefers to eat his tomorrow today

Exactly.

I just don’t understand why these people can’t reason.

So that those milking you dry by collecting subsidy and taking fuel to neighboring countries can continue stealing our commonwealth? And you call that freedom? Freedom to continue stealing?

LordBiden:
Tell him to return fuel and dollar price to where he met it.

Thats the only freedom we seek.