₦airaland Forum

koxyz:
Borrowing that is not tied to any capital projects,at the end of the day, the fund will find its way in the pockets of some politicians.

God is watching.

The borrowing is tied to the padding by the senators; this is why they rebased the economy to support more borrowing. If Tinubu said he was borrowing to build a Hydroelectric Dam, a deep-sea port an electricity power plant and transmission, I would support him.

Blame the Senator and house of Reps

The Senate on Tuesday approved President Bola Tinubu’s 2025–2026 External Borrowing (Rolling) Plan, which includes requests to borrow $21.8 billion, €2.1 billion, and ¥15 billion, as well as a €65 million grant, to finance key projects and programmes across various sectors of the economy.

This was the same Senate Reno was twerking for yesterday abi

Naija matter just be as he get sha

fineboynl:
The corruption in PDP 16 years administration de learn work for where APC government de.

Another political dreg paid in scrumbles and left overs. Whata slavery to humanity.

DMerciful:
I now agree that Atiku and Obi must work together even if it means Obi as VP because any attempt for Tinubu to win the 2027 election, Nigeria is gone forever!

Your head dey there.

TruthHurts1:
https://guardian.ng/news/senate-approves-tinubus-21-8b-loan-plan-%e2%82%a6758b-pension-bond/

After borrowing, they celebrate the increment of the external forex reserve. APC supporters and foolishness are like hydrogen and oxygen.

samomoli:
Please let me ask this simple question. Where is the money removed from subsidy

The subsidy they remove and keep paying secretly

Fernandeswagger:
$21B for what exactly?

Please somebody should tell me the name of this movie? You mean the FG still has to borrow this much even after saving a lot from removing subsidy?

No concern for the future generations, just keep borrowing to loot and continue your luxurious lifestyle. At this rate they might start selling Nigerians just to maintain their lifestyle.

When Nigerians are ready they'll wake up and demand accountability. For now let's keep playing while standing on his mandate abi manhood

Borrowing to defend naira, provide liquidity for importers,subsidize imported petrol through the back and loot the rest.

Buhari carry us enter huge Debt leave us enter heaven inside the wahala, this government wan carry us enter another huge gbese run to where we nor know now........

This set of senators we have in that ause are rubber stamp and Baba say parliamentary system.

Okay, it's time to be that guy again

First, I don't support APC, I never voted for tinubu, never will...for the simple reason that 1) Gani did not like him, and if Gani does not like you, there is something wrong. 2) Tinubu is your basic nigerian leader...short termisim, no serious long term thinking. Even things like removing subsides were forced on him by circumstance.


Now, on to the koko7

Our budget for this year was based on the expectation that oil revenue...which forms 80% of our budget for this year...was going to be based on a price of 75 dollars per barrel. At least 75 dollars per barrel this year. Based on that the only borrowing we would have done would have been 13 billion dollars.

But what happened is...oil has been below 70 dollars per barrel since the second week of January this year. Except for a few days when it rose to 90 dollars and above, it has remained low.

So, our budget is facing a massive shortfall. That means we got to borrow, or else, salaries won't get paid, ministries would be hamstrung, things like passport issuance would be difficult, and even dollars for imports and exports would no longer be enough. And the power sector would be forced to raise power prices to N300 or more per kwh because no money for subsides for bands b-e.

If you want to blame someone for this, blame tinubu still. IN 2015, his guy Osibanjo gave a lovely speech about a month before they took over, where he stated that they would diversify the economy. See what has happened under buhari and tinubu self. No diversification or effort towards that.

sulaak:
The borrowing is tied to the padding by the senators; this is why they rebased the economy to support more borrowing. If Tinubu said he was borrowing to build a Hydroelectric Dam, a deep-sea port an electricity power plant and transmission, I would support him.

Blame the Senator and house of Reps

Senate budget for this year, padding included is....4 trillion naira. Out of 33 trillion naira. That's 2.6 billion dollars...not even up to half of what they are borrowing.

They are borrowing because when they set the budget, they expected oil to be at least 75 dollars per barrel. OIl has for the most part been below 70 dollars per barrel since January. It even went as low as 58 DOLLARS per barrel.

Result: Shortfall. Hence borrowing.

nairalanda1:
Senate budget for this year, padding included is....4 trillion naira. Out of 33 trillion naira. That's 2.6 billion dollars...not even up to half of what they are borrowing.

They are borrowing because when they set the budget, they expected oil to be at least 75 dollars per barrel. OIl has for the most part been below 70 dollars per barrel since January. It even went as low as 58 DOLLARS per barrel.

Result: Shortfall. Hence borrowing.

23 billion dollars is not some change......no matter how we explain there must be results or else the economy will be in below worse stage.

Bizibi:
23 billion dollars is not some change......no matter how we explain there must be results or else the economy will be in below worse stage.

There are things apc is not doing to get to better economy

May Wrath of God decend on any household that vote for this government

The Senate’s approval of the borrowing plan highlights the government's effort to finance key projects, but concerns over Nigeria’s escalating debt burden remain. While the plan is seen as an investment in growth, the real challenge lies in ensuring these funds lead to tangible, sustainable improvements for the people, without exacerbating the country's fiscal pressur

After becoming president through fraud.. his next line of action is to unseat Elon musk as the richest person on earth by stealing Nigeria blind.. even here he has hijack it, mention his name even write it backward you will chop ban immediately

Rubber stamp, they will approve the sale of Nigeria

nairalanda1:
Senate budget for this year, padding included is....4 trillion naira. Out of 33 trillion naira. That's 2.6 billion dollars...not even up to half of what they are borrowing.

They are borrowing because when they set the budget, they expected oil to be at least 75 dollars per barrel. OIl has for the most part been below 70 dollars per barrel since January. It even went as low as 58 DOLLARS per barrel.

Result: Shortfall. Hence borrowing.

The budget, which was based on $ 75 and 2 million barrels per day, was overambitious and unrealistic. The government should have prioritised the cut in government expenditure, reduced the size of the bloated government and cancelled some of the unnecessary projects, such as the Lagos-Calabar Coastal highway.

If there is any need for excessive borrowing, it should be for investing in the electricity infrastructure. a country of 220 million generating 5000 MW has no hope of lifting its people out of poverty.

Image123:
You that is not talking thrash, mention 5 times the current administration borrowed for projects you didn't see. No need to bet, just make effort to think.

They have been borrowing money from day one but i don't see what the money is being used for. What happened to the subsidy money? I have no project to show you because they don't exist.

izombie:
They have been borrowing money from day one but i don't see what the money is being used for. What happened to the subsidy money? I have no project to show you because they don't exist.

You said that they have been borrowing money for projects, but now you can't point to the projects that you falsely accused them of borrowing money for? Please stop the lazy lies and generalizations. It's better not to say anything than to say what you don't know.