₦airaland Forum

There are some people still defending this government for $24 billion dollar even after what bubari did. Telling us lies to defend the money they borrowed then.

My only question if people like helinues ans co can answer me is, what happened to the money recoved from the removal of subsidy. At least they where giving us figures then of the amount they have recoved. So where is the money.
Is the not enough to develop nigeria. And if it is not enough, what did they use the money for

How much in total has this government borrowed? How much debt in total have they serviced?

helinues:
How much in total has this government borrowed? How much debt in total have they serviced?

read very well. What have you done with the money from the gains from subsidy.

At least for two years, a serious government would have recovered lot of money. So where is the money.

delkuf:
read very well. What have you done with the money from the gains from subsidy.

At least for two years, a serious government would have recovered lot of money. So where is the money.

How much increase have the states been receiving as monthly oyel money?

Let's start from there

helinues:
How much increase have the states been receiving as monthly oyel money?

Let's start from there

so you are the subsidy money is given to the governor as there monthly allocation. And you think that os a wise to do.

What about money gain from taxes and igr. You are justifying that all the billions from subsidy and taxes and igr are giving to the governor while the government goes ahead to borrow to build road.
Nigeria is really developing

helinues:
How much in total has this government borrowed? How much debt in total have they serviced?

why borrowing,when funds are coming to the government from the removal of the fuel subsidy and the heavy taxes on Nigerians.

What did the government do with these monies plus the ones they have been borrowing since inception of office.

The government is borrowing to service debt instead of using it for economic development.

This whole thing is a merry go round and a complete waste of time and resources of the country.

delkuf:
so you are the subsidy money is given to the governor as there monthly allocation. And you think that os a wise to do.

What about money gain from taxes and igr. You are justifying that all the billions from subsidy and taxes and igr are giving to the governor while the government goes ahead to borrow to build road. What of the money from oil sales
Nigeria is really developing

what of the money from oil sales

Celestialsword:
why borrowing,when funds are coming to the government from the removal of the fuel subsidy and the heavy taxes on Nigerians.

What did the government do with these monies plus the ones they have been borrowing since inception of office.

The government is borrowing to service debt instead of using it for economic development.

This whole thing is a merry go round and a complete waste of time and resources of the country.

Did you study basic economy in secondary school sha?

delkuf:
so you are the subsidy money is given to the governor as there monthly allocation. And you think that os a wise to do.

What about money gain from taxes and igr. You are justifying that all the billions from subsidy and taxes and igr are giving to the governor while the government goes ahead to borrow to build road.
Nigeria is really developing

Read.and comprehend.

Thank you

helinues:
Did you study basic economy in secondary school sha?

what has that got to do with the discussion at hand,can you please make your points

Celestialsword:
what has that got to do with the discussion at hand,can you please make your points

You are asking why borrowing. Which country is not borrowing or not having debt?