₦airaland Forum

zombieHUNTER:
must Nigeria borrow

even without paying fuel subsidy anymore

why would Tinubu bury this country in debt

How much do you have in your reserves that you won't borrow?. Even US who dey print dollars dey borrow. Tinubu is paying off debts already. Your lies will never win you election.

Try this.

This CIA agent was never seen again after revealing this secret of how the west keeps Africa poor. pic.twitter.com/yQaC5faLhe

— Typical African (@Joe__Bassey) May 9, 2025

Me as long as the Bible has said the borrower is at the mercy of the lender and during my secondary school days when we were taught about imf in economics that once you borrow one dollar they devalue your currency.
Meaning if you are to repay 40,000 dollar loan with interest making it 50,000 dollar in 5 years by the time your currency is devalued with the effect of the devaluation on your economy the repayment is equivalent to loan shark operator mode.

Even the word devalue is a enough reason to runaway from imf and the likes

Racoon:
https://guardian.ng/news/international-debts-why-nigeria-still-owes-imf-millions/

Nigeria Journalist with double standard. FG has paid the principal loan it remains only interest. What noise again. The one that pay principal will clear interest nah.

richmond500:
it means the loan will not be going up again due to interest.
So Nigeria could take their time to pay up that interest anytime, even if they wait till 2028 before paying it up, there won't be additional interest

yhh until we end up with another report and being told they never agreed to any of that

Did you do compound interest in secondary school? If no, go back to secondary school

richmond500:
Ok. So FG has fully repaid it's principal loan. Also, SDR is not a debt, it's just asset on member states

The only thing remaining is interest and charges, this is suppose to be good news na, why are people bittered?

Interest and charges doesn't yield more interest cos interest are calculated on the principal and since the principal is gone, we are free.
It's calls for celebration abeg

Propaganda APC Government.
The same way he used Cheap Propaganda to rule Lagos.
Believe them , you are on your own.

richmond500:
Ok. So FG has fully repaid it's principal loan. Also, SDR is not a debt, it's just asset on member states

The only thing remaining is interest and charges, this is suppose to be good news na, why are people bittered?

Interest and charges doesn't yield more interest cos interest are calculated on the principal and since the principal is gone, we are free.
It's calls for celebration abeg

it's good news

Charges that any state government can pay! make people calm down jor

zero8zero:
China loan is even less than 12%. You guys should stop all these pull-him-down campaign. Many people are far more enlightened and educated than you on this platform. So stop talking ignorantly just for the sake of your bitterness.

Moroof olaniyi tribal bitterness can never replace common sense and simple research

DMerciful:
Did you do compound interest in secondary school? If no, go back to secondary school

IMF interest are not compounded.
Interest are charged on principal sum

Will the interest be paid or not? If yes then Nigeria is still owing IMF E.O.D.

richmond500:
IMF interest are not compounded.
Interest are charged on principal sum

Principal was reported as the whole thing.

Are the interests on the loans not part of the terms and conditions for acquisition of loans?

DMerciful:
Will the interest be paid or not? If yes then Nigeria is still owing IMF E.O.D.

trying to be smart by half.
So u are no more arguing about compound interest?
Yeye
Sometimes u people need to read what u typed before sending it.
Very disgusting

zombieHUNTER:
must Nigeria borrow

even without paying fuel subsidy anymore

why would Tinubu bury this country in debt

Pele!

Na the debt make you lazy or poor?

Buhari borrowed loan in 2020 and loan was to be fully paid off in 2024 because he refused to remove subsidy and devalue naira
Tinubu came in and did both and got extension to pay off in 2025 which he did and APC clowns are rejoicing
APC can only deceive their online rats

If you don't pay your yearly interest, its compounded

richmond500:
trying to be smart by half.
So u are no more arguing about compound interest?
Yeye
Sometimes u people need to read what u typed before sending it.
Very disgusting

SmellingAnus:
That's why it's good for a government to be sincere with their citizens and not having a track record of lying to it's citizens.... The day they will finally speak the truth or part of the truth as in this case, people will still doubt them...

The people should learn to be informed. They should be abreast of all the facts surrounding how they are governed then misinformation from the ruling class will cease.

I don't know of any democracy where the people trust their leadership hook, line and sinker.

Those that have slivers of integrity are regimes where there are consequences for misdirection.

Brendaniel:
You can celebrate it o, but don't come and complain about what you celebrated later on, like how you celebrated about your second choice becoming president and now you are complaining about him.

Back to the topic, Don't let anyone deceive you, Tinubu is like a man who owes palmpay 10,000 with intetest of 2,000 naira then goes to Opay to take a loan of 100,000 naira, he then removes 10,000 from the 100,000 and pays palmpay promising to pay the interest later, then tells you he has cleared his debt and that his financial records have gotten better.

Tinubu has taken about 13.5 billion dollars in loan less than 2 years in office, ask yourself how much he cleared of in IMF if it is up to 4 billion dollars in the same 2 years

.

May your brain never be jooba. God bless you.

Racoon:
There is no harm in saying Nigeria have cleared off the main debt but by playing the ostrich in denying the accruing payable interests on same debt burden is simply mischievous.

It is just like servicing a debt while trying to pay the same debt. However, we have a gang of hardened looters who feel they are not accountable to a nation in legalizing lies as official policy of governance then expect such shame and embarrassment

News has always been clear that it was the principal debt paid. Just the bitter souls trying to always find everything negative from good news.

REDshouse:
Interest till 2029..who be those wey enter such loan arrangement in the first place....and what use was the money for

good question..... That needs answers

Racoon:
There is no harm in saying Nigeria have cleared off the main debt but by playing the ostrich in denying the accruing payable interests on same debt burden is simply mischievous.

It is just like servicing a debt while trying to pay the same debt. However, we have a gang of hardened looters who feel they are not accountable to a nation in legalizing lies as official policy of governance then expect such shame and embarrassment

Is it Obi that pays you or Atiku for all your stress on NL

richmond500:
Ok. So FG has fully repaid it's principal loan. Also, SDR is not a debt, it's just asset on member states

The only thing remaining is interest and charges, this is suppose to be good news na, why are people bittered?

Interest and charges doesn't yield more interest cos interest are calculated on the principal and since the principal is gone, we are free.
It's calls for celebration abeg

Whats the pretence for, shebi you were here yesterday defending the Dj Yk in aso rock

All my life have never seen people as international dumb as those wey support Tinubu govt ....

when you collect a loan, principal and accrued interest total is your debt ... no segregation if you dont pay it finish you are still owing .. very simple

You pay principal rush out to claim settlement who does that .. Tinubu good news always get K -leg

Racoon:
There is no harm in saying Nigeria have cleared off the main debt but by playing the ostrich in denying the accruing payable interests on same debt burden is simply mischievous.

It is just like servicing a debt while trying to pay the same debt. However, we have a gang of hardened looters who feel they are not accountable to a nation in legalizing lies as official policy of governance then expect such shame and embarrassment

Still wrong, debt is debt no main no sub ... If the govt were proud of there action, they could have just publish how was paid and how much is left ...

we owe 50 but we've repaid 35 remain 15 ... Buhari and idiagbon govt do am naw ... just that no one inside that Tinubu govt get sense

All empty heads as soon as they join apc

richmond500:
it means the loan will not be going up again due to interest.
So Nigeria could take their time to pay up that interest anytime, even if they wait till 2028 before paying it up, there won't be additional interest

Oga interest accumulates oooo and it is part of the laon obligations owed to the person or entity. Make una take am easy to dey lie.

richmond500:
Ok. So FG has fully repaid it's principal loan. Also, SDR is not a debt, it's just asset on member states

The only thing remaining is interest and charges, this is suppose to be good news na, why are people bittered?

Interest and charges doesn't yield more interest cos interest are calculated on the principal and since the principal is gone, we are free.
It's calls for celebration abeg

Bros slow down when you want to spread lies. When you take a loan you repay back the loans plus interest after the moratorium has expired, so if you pay only the principal and you don't pay the interest my guy you still dey owe, you have not cleared anything.
Slow down and stop taking Nigerians for a ride. There are people who are knowledgeable on finance and credit.

Irony1:
Oga interest accumulates oooo and it is part of the laon obligations owed to the person or entity. Make una take am easy to dey lie.

Did u read the writeup to the end? Abi u just jump on my comment

richmond500:
Did u read the writeup to the end? Abi u just jump on my comment

Oga I read it well it you are owing interest payments, you are still indebted bro don't deceive people here.

Irony1:
Bros slow down when you want to spread lies. When you take a loan you repay back the loans plus interest after the moratorium has expired, so if you pay only the principal and you don't pay the interest my guy you still dey owe, you have not cleared anything.
Slow down and stop taking Nigerians for a ride. There are people who are knowledgeable on finance and credit.

Oga, Nigeria has paid back it's loan amount, go and die if u want to.

The interest and charges that was gathered is the one remaining