₦airaland Forum

Tajbol4splend:
The reason why more people become dumber day by day is because they choose wrong source for information

helinues:
Just wait for some people to attack the writer instead of disputing what he wrote

ivandragon:
Just being clever by half.

Who wrecked the economy to the extent that the exchange rate became N1,600 to $1?

The same bat that condemned exchange rate at N217 as being too high is suddenly grandstanding on a exchange rate of N1,600... nonsense.

It is ridiculous how bat and his supporters are trying to explain thier incompetence. The increased exchange rate has a significant negative impact on the masses, especially given government's corruption driven policies.

mrmayormedia:
Tinubu did not take much loan as widely claimed online. Stop the story

Softmirror:
The kind of criticism Tinubu has been getting has really been helping to project his administration in a very positive light every time the administration counters with hard facts.

ManirBK:
Aug 28, 2023

The Federal Government says it has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation.

The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this at the end of the inaugural Federal Executive Council meeting on Monday in Abuja.

He said that the benefit of the subsidy removal would be ploughed back into various sectors aimed at boosting government revenue and improving the business environment for local and foreign investment.

Edun said that with the increased revenue from subsidy removal, various palliatives have been made available to cushion its effect on a short, medium and long-term basis.

He reiterated the President Bola Tinubu-led administration’s desire to bring back the economy from the wood it has found itself over time.

https://www.vanguardngr.com/2023/08/fg-ends-borrowing-finance-minister/amp/

mrmayormedia:
Tinubu did not take much loan as widely claimed online.

Stop the story

anonimi:
May 1, 2025

May Day: Hunger, unemployment, insecurity real— Tinubu

According to him: “The theme demands our collective attention and serves as a stark reminder of the need to create an environment where every worker feels safe, valued, and empowered to contribute to the growth and prosperity of our nation. As your President, I assure you that this administration is committed to creating such an environment for the common good.”

On the economic hardship, he noted that while it is a global phenomenon, its effects on Nigerians are particularly severe.

Tinubu said: “I am aware of the peculiarities of the economic hardship Nigerians face—rising living costs, hunger, insecurity, unemployment, and the loss of livelihoods. These challenges are real and demand definitive solutions, which I am poised to address as your President.

https://www.vanguardngr.com/2025/05/may-day-hunger-unemployment-insecurity-real-tinubu/

Softmirror:
The kind of criticism Tinubu has been getting has really been helping to project his administration in a very positive light every time the administration counters with hard facts.

anonimi:
World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate

April 23, 2023

The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*

“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.

“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.

https://www.ripplesnigeria.com/world-bank-offers-nigeria-forex-rate-advice-as-tinubu-eyes-n200-dollar-rate/?amp

helinues:
Just wait for some people to attack the writer instead of disputing what he wrote

anonimi:
Your own OP story says that he took more loans both externally and internally. So what else is there to explain and ṣàlàyé?

Anyway, there is no need to stress yourself since ebilokan himself has said that he has made everything worse than the cluelessly expired northerner he made president. The APC extreme poverty olodo ebilokan used to make his fellow southerner Jonathan a one term president.

Shawarmagirl:
You go explain tire. Na statistics we go chop?

mrmayormedia:
Why are you the opposite of wise.. Tinubu external debt rose from US43.16 billion in June 2023 to US45.98 billion in March 2025, an increase of US$2.82 billion. At the March 2025 exchange rate, this equals ₦4.33 trillion.

Domestic Debt Increase from ₦54.13 trillion in June 2023 to ₦78.76 trillion in March 2025, an increase of ₦24.63 trillion

TimeManager:
The Federal Government has revealed that the elimination of the petrol subsidy under President Bola Tinubu has resulted in savings of over $84 billion, which are now being channelled into the construction and rehabilitation of 40 key road projects across the country over the past two years.

This was disclosed in a policy brief released by the National Orientation Agency (NOA), titled “Two Years Later: Key Benefits of Subsidy Removal,” and made available to journalists over the weekend in Abuja.

The report, which reviewed the outcomes of the subsidy removal since May 29, 2023, noted that the policy averted a looming economic crisis.

It also enabled the Tinubu administration to clear long-standing financial liabilities, increase capital investments, and support the financial stability of state governments.

https://businessday.ng/news/article/84bn-saved-from-petrol-subsidy-now-financing-40-key-roads-report/?amp