₦airaland Forum

optionalY09:
Tinubu is setting Nigeria free

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 ?

olaolaking:
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

Timmi:
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?

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

richmond500:
Achieve?
The only people that made Tinubu won are the Obidients who divided votes

optionalY09:
Tinubu is setting Nigeria free

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 ?

Brendaniel:
That's has always been you people's script, vote in an idio.t and blame others who did not vote him in for choosing a candidate of their choice in a democratic settings, what then is democracy about?

If I am blamed for doing the right thing because some people chose to do the wrong thing but you instead turn around to blame those who did right and left those who did wrong because you are among them...

Ask yourself, are you normal?

You've gotten what you wanted now you are blaming others for getting what you wanted, are you sure you are okay?

olaolaking:
I don't know

richmond500:
I never voted Tinubu, Infact I have never voted APC even when I support them.

In 2023, PDP was my first choice, APC was my second choice.
It's the Obidients that gave Tinubu victory

EndBuhariNow:
All these people supporting Tinubu and his gangs of thieves are useless and stupid and don't understand the reality of life out there because they are parasite who are in one way or the other been taken care of by one relatives... How is this debts going to relieve suffering Nigeria from hardship, when is it going to reflect in our economy, I means commodities.. Tinubu fans are useless with no focus because of they are buying building materials like cement and rod or have any serious engagement with their lives, they should have known a bag of cement is 12,000 naira today and 12mm rod 10,000 naira... Very soon you will start living in the trees like monkeys when the reality will fall on each an everyone of u

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.

LegendHero:
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?

Putindbutt:
So, you didn't factor in exchange rate differential.

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

Toluwanise247:
Why lies? 20k on electricity that is not stable enough haaa ….
I based in Ibadan and I work from 5k card last more than a month

Brendaniel:
So why didn't you vote PDP?

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.

Lanruze:
Which one is exchange rate differential.

Your AFREXIM loans signed with NNPC and are crude backed are what ?

Are they not loans ?

Those are not stated with DMO.

Lanruze:
Lol ,

When allocations from FAAC improve based on the same devaluation of it's a selling point for the administration, but when the debts look humongous in Naira we should push to the background.

Also note that some AFREXIM Bank loans are not stated here and have two (2) consummated since PBAT became President.

Those one are backed by future production on crude.

Ikaeniyan0:
Cost of living is so high. The cost of living in Nigeria is presently one of the highest in Africa.

LegendHero:
Let’s not commit academic dishonesty here.

—If you say, Nigeria debt increase in Naira terms due to naira devaluation, you are right.

—If you say Nigeria debt increase in Naira because Tinubu government borrowed over $10bn more, then you are wrong.

This is a matter of English. Unfortunately, your own argument is the second one, which is wrong.

optionalY09:
Tinubu is setting Nigeria free

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

Thats the only freedom we seek.

richmond500:
I voted PDP, but unfortunately, they didn't win

optionalY09:
Tinubu is setting Nigeria free

Lanruze:
I am surely not the person that wrote that the PBAT Administration borrowed $10B.

optionalY09:
Tinubu is setting Nigeria free

Ikaeniyan0:
Cost of living is so high. The cost of living in Nigeria is presently one of the highest in Africa.