₦airaland Forum

Alliswell248:
Liar....
To deceive the headless mob.
You can't win with this lies.

Jagaban till 2031

Alliswell248:
Learn to read and do some research on your own
Every sane person kniws this is a lie.

Debt was 113 billion usd in 2023
Now is under 100 billion usd
Don't believe me, but research and come back.

stealmatic:
I have stopped arguing with this set of people, though its sometimes good to talk,if u noticed the oppositions are trying to find a campaining strategy,First they lied that the North is neglected,now he borrowed more than Buhari and the rest,they forgot that Nigerians have grown and wiser,let them ask for proof and u will see how they will change the narratives,the current administration has outperform the previous administrations to the extent that the oppositions don't have what to campaign on,only to do it with lies

malali:
What President Bola Ahmed Tinubu’s administration calls “economic reform” is, in truth, a grand pyramid of debt, mortgaging Nigeria’s future to fund present-day consumption. The numbers are staggering, but more troubling is their trajectory: ₦12.6 trillion in debt under Jonathan, now spiraling toward ₦200 trillion under Tinubu.

And still, no dams, no ports, no bullet trains, no mega factories.

Nigeria’s debt today isn’t buying wealth-generating infrastructure. Instead, it’s being channeled into:
• Subsidy offsets for petrol and food
• FX buffer injections to artificially hold the naira
• Civil service overhead
• Palliative funds with no long-term multiplier

From Republic to Debt Colony

While countries like Rwanda and Vietnam borrow to build, Nigeria borrows to breathe. Without clear repayment strategies or ROI-linked targets, this is not nation-building. It’s nation-leasing. Every Eurobond, every IMF draw, every China Exim agreement becomes a silent lien on:
• Future tax revenue,
• Future natural resource flows,
• And your children’s freedom to make fiscal decisions.

With over 60% of all national revenue now devoted to debt service, the budget for development has vanished. Hospitals are still underfunded. Schools still use chalkboards from 1994. The national grid still flickers like a dying candle.

Austerity by Proxy

The worst part? This debt does not lead to growth, but it imposes austerity:
• SMEs can’t borrow; banks prefer lending to government.
• Importers can’t hedge; the naira’s volatility kills inventory turnover.
• Investors won’t commit; they fear a forced debt restructuring like Ghana.

Ordinary Nigerians, meanwhile, are taxed like they live in Monaco but served like they live in Mogadishu.

A Social Explosion Waiting to Happen

History teaches us that countries with unsustainable debt + currency devaluation + youth unemployment are ticking time bombs.
Tunisia in 2011.
Greece in 2009.
Argentina perennially.
Nigeria is entering that fiscal Bermuda Triangle, with oil theft, food inflation, and zero savings buffers making the spiral irreversible unless checked.

The Ask

What the ADC is demanding isn’t revolutionary. It’s elementary due diligence:
• Disclose loan terms.
• Link each loan to a cash-generating outcome.
• Cap total external debt-to-GDP at 30%.
• Pause borrowing for at least 12 months.

Because without transparency, accountability, and productive use of capital, Nigeria isn’t just borrowing money. It’s borrowing time.

Guestmale:
AGRICULTURE
1. \$158.15m Agriculture Value Chain (VCN) Programme for nine Northern states
2. Kolmani Integrated Development Project (Bauchi and Gombe States)
3. Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) — a six-year World Bank–funded programme to restore 1 million hectares of degraded land and improve climate resilience in Northern Nigeria states
4. Kano River Project (irrigation scheme) — large-scale integrated irrigation development in Kano State, commissioned in 2023 and operational under the current administration

HEALTH

5. Ahmadu Bello University Teaching Hospital, Zaria, Kaduna (North West)
6. Federal Teaching Hospital, Katsina (North West)
7. University of Jos Teaching Hospital, Jos, Plateau (North Central)
8. Reference Hospital, Kaduna (North West)
9. Usmanu Danfodiyo University Teaching Hospital, Sokoto (North West)
10. Abubakar Tafawa Balewa University Teaching Hospital, Bauchi (North East)
11. Harmony Advanced Diagnostic Centre Complex, Ilorin, Kwara (North Central)
12. Federal Medical Centre, Nguru, Yobe (North East)
13. Jos University Teaching Hospital, Jos, Plateau (North Central) — additional expansion
14. Reinvigoration of about 1,000 Primary Health Centers, PHCS in the North

ROADS AND HIGHWAYS

15. Kano–Kongolam Road (Section II: Kano–Kanwar–Danja–Hadejia)
16. Yakasai–Zalli Road
17. 1,068 km Sokoto-Badagry Super Highway (Northern section including Sokoto and Kebbi)
18. 258 km, 3-lane Carriageway (Section 2, Phase 2A: CH 120+000–CH 378+000) in Gulumbe, Kebbi State
19. Abuja–Kaduna–Zaria–Kano Dual Carriageway
20. Biu–Kangiwa–Kamba–Gaya–Niger Republic Road (30 km segment)
21. Malando–Garin Baka–Ngaski–Wara Road (CH.0+000 – CH.79+586)
22. Koko–Besse–Zaria–Kala Road
23. Abuja–Kaduna–Kano Highway (375 km)
24. Repair of the Gamboru Bridge (Gamboru–Ngala–Kala–Balde Road in Borno State)
25. Expansion of Mararaba–Keffi Road (43.65 km)
26. Construction of Lafia Bypass Road (Nasarawa State)
27. Kano–Maiduguri Dual Carriageway
28. Adamawa–Taraba Single Carriageway
29. Adamawa–Borno Single Carriageway
30. Kaduna–Jos Road (Single Carriageway)
31. Zaria–Funtua–Gusau–Sokoto Road (Dual Carriageway)
32. Zaria–Hunkuyi–Daya Road (Sections I, II & III – 152.67 km) — rehabilitation project in Kaduna and Kano States
33. Reconstruction of Dikwa–Gamboru–Ngala Road (49.55 km) — strategic corridor reconstruction in Borno State

ENERGY AND GAS

34. Ajaokuta–Kaduna–Kano Gas Pipeline (AKK) (614 km)
35. Gwagwalada Power Plant (FCT, Abuja – connected with AKK pipeline)
36. ABIBA Solar Power Station, Kaduna (50 MW) — planned solar power plant to boost renewable energy capacity in Kaduna State

RAIL AND METRO

37. Kaduna–Kano Rail Line (203 km, part of Lagos-Kano Rail Project)
38. Kano–Maradi Rail Line (285 km, linking Kano, Jigawa, Katsina to Maradi in Niger Republic)
39. Kaduna Light Rail System — ₦100 billion budget allocation to develop light rail public transport in Kaduna
40. Abuja Metro Line Rehabilitation (Abuja Light Rail)

WATERWAYS & TRADE CORRIDORS

41. Trans-Sahara Trade Route — infrastructure development to connect trade routes from Calabar through Nasarawa and Abuja towards Northern Nigeria and beyond

NATIONAL PROGRAMMES & INSTITUTIONS

42. National Agency for the Great Green Wall (NAGGW) — renewed mandate and leadership for desertification combat in Northern Nigeria
43. Nigeria Erosion and Watershed Management Project (NEWMAP) — ongoing erosion control and watershed infrastructure development in the North.
All of these in only two years by President Tinubu @officialABAT

AntiChristian:
Opposition talk na just lies masked as truth!

It can't stand.

What truly happens is that the valuation of our naira decreased.

Ofemannnu:
Most of President Tinubu PR people are very laid back and not doing their work properly using data and even comparing the debts of nations like South Africa and Egypt with that of Nigeria.
The only person's that can do this work well are Reno Omokri and Daniel Bwala.
Bayo Onanuga doesn't seem capable replying with facts.
He has not been doing a good job in that..

ambale:
Outperform by making all citizens poor abi

And by scrapping off the average income earners

Kundus for una ooo

franugo:
I'm still not sure why we're borrowing foreign loans, previously it majorly was to import refined crude and to service banks who in turn service their customers. Now those two black holes have been shut, why are we then still borrowing foreign funds? Naira I can understand.....or is it that we're borrowing FX to service the ones Buhari borrowed?

Frezhkid10:
We borrow for capital projects..

franugo:
Why in fx tho? Our payments should be in naira...how can the govt be admonishing private bodies that request payment in fx and be borrowing to pay for capital projects in Nigeria in fx?

Frezhkid10:
Will Siemens accept Naira..or is there any Nigerian company that can produce electrical components??
Will train coaches purchase be paid in naira??..
Will CCECC accept naira??

tctrills:
If you don't understand that the falling Naira is making your debt many time harder to repay, then it will be very hard for you to understand the mess your brother is plunging the nation into.
Again, the Tinubu government has only increased the debt without decreasing the poverty hence every kobo borrowed is a waste.

AntiChristian:
This is essentially false!

Even if the subsidy wasn't removed we'll still need to back the $ with funds! Let the market take over! With time it will normalise!

Alliswell248:
Liar....
To deceive the headless mob.
You can't win with this lies.

Jagaban till 2031

tctrills:
Your loans and policies are making Nigerians poorer. There is no evidence that your economy will normalise or that you can manage your debts.
Let's take a look at your debt servicing alone.
According to various reports from sources like the African Development Bank (AfDB) and analyses from media outlets citing the Debt Management Office (DMO), here's a breakdown.
Nigeria spent a total of N13.12 trillion on debt servicing in 2024. This represents a substantial 68% increase from the N7.8 trillion recorded in 2023. This figure also surpassed the budgeted allocation of N12.3 trillion for the year.
Debt servicing costs reached 4.1% of Nigeria's Gross Domestic Product (GDP) in 2024, up from 3.7% in 2023
The debt servicing-to-federal government revenue ratio stood at 77.5% in 2024, a slight rise from 76.8% in 2023. This indicates that over three-quarters of the federal government's revenue went towards servicing its debt obligations.
Domestic Debt Service: N5.97 trillion, a 14.15% rise from 2023.
External Debt Service: $4.66 billion (equivalent to approximately N7.15 trillion at an exchange rate of N1,535.32/$1), a sharp increase of 167% from 2023.

Sundaymessi:
Jagaban till 2031 because of ethnic bigotry not necessarily because you actually believed in him.
I thought you were going to counter the figures!

AntiChristian:
Same thing I have been emphasising. This increment is as a result of the subsidy removal and naira devaluation. What's the dollar equivalents?

tctrills:
The only point here is that the loans have only made Nigeria worse and Tinubu is seeking more.
Please don't blame the opposition for the actions of the worst president in our history.
We can't change the history.
It has never been this bad.

AntiChristian:
You're not making sense and I don't think you will ever make any I this conversation. It's just like Rotus arguing with that Agricultural journalist!