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Tinubu Chants Tiresome Borrowing Tune - Punch Editorial - Politics (3) - Nairaland

Nairaland ForumNairaland GeneralPoliticsTinubu Chants Tiresome Borrowing Tune - Punch Editorial (3857 Views)

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Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by tivhador: 11:11am On Jun 02, 2025
A man with one foot in the grave already has no blueprint or vision. Know this and know peace wink
Niok:
As expected
A man with no vision and blueprints
Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by Image123(m): 11:17am On Jun 02, 2025
Chienex24:
So in 2 f**king damn years, with fuel subsidy removal and increased taxes all round, what has been done or what is currently being done to alleviate the dire sufferings of Nigerianshuh?
Who has done more? Your favourites can't even dream it not to mention try. BTW, nobody increased tax, speak with facts not hearsay.
Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by sulaak(m): 11:18am On Jun 02, 2025
Image123:
How? You don't want debt but you want progress and infrastructure. Is it magic?
You want 700km finished in 6months but no borrowing. Just inshaallah and cruise? Unserious people. BTW, it's a plan, not yet approved or borrowed. They've hardly borrowed $2billion in a year not to mention 20.
The government can raise fund by cutting the cost of governance.

Cut the padding in the budget, cut and reduce the ministries, cut the number of MDA from 5000 to 300
Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by Image123(m): 11:24am On Jun 02, 2025
sulaak:
The government can raise fund by cutting the cost of governance.

Cut the padding in the budget, cut and reduce the ministries, cut the number of MDA from 5000 to 300
Easy to say than do. Who should we sack and how many so that we can save cost. How much is needed and how much is the alleged padding? Have you bothered to check?
Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by Image123(m): 12:08pm On Jun 02, 2025
sulaak:
The government can raise fund by cutting the cost of governance.

Cut the padding in the budget, cut and reduce the ministries, cut the number of MDA from 5000 to 300
How much?
Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by maasoap(m): 12:12pm On Jun 02, 2025
RichBoy247:
Everybody don tire jare, with the removal of fuel and FOREX scam subsidies, I expect the economy to run without any external loan.

Anyway, I still stand with JAGABAN
I guess you are confused and don't really know what you are standing with then grin grin
Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by sulaak(m): 12:24pm On Jun 02, 2025
Image123:
Easy to say than do. Who should we sack and how many so that we can save cost. How much is needed and how much is the alleged padding? Have you bothered to check?
Only Sri Lanka had more ministries than Nigeria (49), and the economy collapsed; the IMF was invited to support the country's economy with the introduction of austerity measures.


Nigeria has bloated ministries and departments that no country can afford, a government that it cannot sustain.
Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by sulaak(m): 12:28pm On Jun 02, 2025
Image123:
How much?
Large government also equates to corruption—the padding of the budget with 11,000 new projects—$4 billion wasted on rehabilitating refineries that don't work.

Nigeria needs only 24 ministries and the MDA can be reduced to 500

Oronsaye Report on MDA : https://leadership.ng/oronsaye-report-4-months-after-fg-footdrags-on-merger-of-mdas/
Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by Image123(m): 12:34pm On Jun 02, 2025
sulaak:
Only Sri Lanka had more ministries than Nigeria (49), and the economy collapsed; the IMF was invited to support the country's economy with the introduction of austerity measures.


Nigeria has bloated ministries and departments that no country can afford, a government that it cannot sustain.
While Sri Lanka has historically been noted for having a large number of ministries, such as the 107 ministries during President Mahinda Rajapaksa's tenure in 2010, other countries have also had substantial cabinet sizes. For example, Pakistan's coalition government led by Prime Minister Shehbaz Sharif formed a cabinet comprising 76 members, including state ministers, advisors, and special assistants. South Africa's cabinet expanded to include 32 ministers and 43 deputy ministers, totaling 77 members. Therefore, while Nigeria has a significant number of ministries, it is not accurate to state that only Sri Lanka has more; other nations also have comparable or larger cabinet structures.

A simple online search. Stay with facts. Give a simple answer, how much?
Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by Image123(m): 12:35pm On Jun 02, 2025
sulaak:
Large government also equates to corruption—the padding of the budget with 11,000 new projects—$4 billion wasted on rehabilitating refineries that don't work.

Nigeria needs only 24 ministries and the MDA can be reduced to 500

Oronsaye Report on MDA : https://leadership.ng/oronsaye-report-4-months-after-fg-footdrags-on-merger-of-mdas/
How much? Who gave this magic figures 24 and 500?
Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by Kewekubosineh: 1:23pm On Jun 02, 2025
helinues:
Here they come with another bunkum story
Did you read the Editorial to appreciate what is contained therein?

I doubt if you read it to comprehend the import of the message.
Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by IyfeNamikaze(m): 2:53pm On Jun 02, 2025
Image123:
How? You don't want debt but you want progress and infrastructure. Is it magic?
You want 700km finished in 6months but no borrowing. Just inshaallah and cruise? Unserious people. BTW, it's a plan, not yet approved or borrowed. They've hardly borrowed $2billion in a year not to mention 20.
They claimed to have saved billions of dollars yet they still want to borrow more.
Not everyone is a zombie, some of us still can think critically unlike you lot.
Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by Image123(m): 3:28pm On Jun 02, 2025
IyfeNamikaze:
They claimed to have saved billions of dollars yet they still want to borrow more.
Not everyone is a zombie, some of us still can think critically unlike you lot.
It's not saved in your bank account, it's saved expenditure. Meaning that they didn't need to spend that money usually spent. For example, you transport yourself to work with 25,000 monthly but now have accommodation close to work. Or you used to pay for accommodation but now have accommodation free somehow. You've saved that money you used to use for transport and accommodation. It's not necessarily in the bank. Now consider the fact that we were borrowing to pay subsidy. May whoever you serve give you understanding.
Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by sulaak(m): 4:06pm On Jun 02, 2025
Image123:
While Sri Lanka has historically been noted for having a large number of ministries, such as the 107 ministries during President Mahinda Rajapaksa's tenure in 2010, other countries have also had substantial cabinet sizes. For example, Pakistan's coalition government led by Prime Minister Shehbaz Sharif formed a cabinet comprising 76 members, including state ministers, advisors, and special assistants. South Africa's cabinet expanded to include 32 ministers and 43 deputy ministers, totaling 77 members. Therefore, while Nigeria has a significant number of ministries, it is not accurate to state that only Sri Lanka has more; other nations also have comparable or larger cabinet structures.

A simple online search. Stay with facts. Give a simple answer, how much?
The Nigerian government has a budget of under $60 billion for 220 million people. South Africa has only 32 ministries, and Sri Lanka and Pakistan are both failed states that buttress my point that Nigeria's bloated government is one of the reasons why the country is broke.
Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by Image123(m): 4:30pm On Jun 02, 2025
sulaak:
The Nigerian government has a budget of under $60 billion for 220 million people. South Africa has only 32 ministries, and Sri Lanka and Pakistan are both failed states that buttress my point that Nigeria's bloated government is one of the reasons why the country is broke.
Errm, Nigeria has about 52 cabinet members and South Africa 75. Our budget is lower than theirs. What are you on about?
Even if you have just 3 ministries, that doesn't immediately reduce expenditure. Maybe helps with efficiency. We have a massive development deficit you seem unaware of.
Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by RichBoy247: 4:12pm On Jun 03, 2025
anonimi:
Why stand with the worst rogue in our political space huh
All the name calling you are all doing, we will teach you another bitter lesson in 2027
Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by anonimi: 4:15pm On Jun 03, 2025
RichBoy247:
All the name calling you are all doing, we will teach you another bitter lesson in 2027
What bitter lesson more than the one that they are living in Isalẹ Èkó?

Glimpsetv:
A large crowd of Lagosians was filmed in a long queue struggling to collect a loaf of bread. To maintain order, several military personnel were on the ground to control the crowd. This has triggered a lot of reactions online.

Watch the video, share your thoughts in the comments.


https://www.youtube.com/watch?v=zYltMapDyIo?si=0-hO0Vt5C9uBxVd1
Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by RichBoy247: 4:41pm On Jun 03, 2025
maasoap:
I guess you are confused and don't really know what you are standing with then grin grin
Don’t worry, we will teach you another bitter unforgettable lesson very soon
Re: Tinubu Chants Tiresome Borrowing Tune - Punch Editorial by maasoap(m):
RichBoy247:
Don’t worry, we will teach you another bitter unforgettable lesson very soon
You don't know me.
1 2 3 Reply

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