Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas - Politics (3)

Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas - Politics (3) - Nairaland

Nairaland Forum › Nairaland General › Politics › Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas (1615 Views)

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Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by nedekid: 5:01pm On Sep 08, 2025

lexy2014:
softmirror helinues max24 emkz seunmsg amaridigital CoronaVirusPro excel101 Baawaa
omoredia are you guys sure this man is not losing focus?

is he not supposed to support everything and anything that tinubu does blindly instead of looking for fault as he lost election?if

You won't find those useful idiots or their mentor reno on this post.

2 Likes

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by MemphitzDgreat1(m): 5:02pm On Sep 08, 2025*

Abeg, anybody see Yarimo, Helinues, Seunmsg or FreeStuffsNG comments for this thread?

Hahahahaha!
This na just the beginning, say when we talk all the Rotimi Amaechi laptop Boyz/Girls will be ranting... Una eyes go clear in the hard way.

1 Like

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by nairalanda1(m): 5:06pm On Sep 08, 2025

If we want to stop borrowing , these options must happen

1. OIl goes above 140 dollars per barrel...yes...because 2m bpd for 230 million people, the revenue won't make sense otherwise. Even at 120 dollars per barrel back in 2012/13, GEJ was borrowing because it was not enough.

2. We get a diversifed economy, where non oil exports earn something like 80 billion or more dollars per annum in addition to what oil earns

3. We suddenly become an industrial nation that exports.

So long as oil remains below 70 dollars per barrel, with a breakeven above 100 dollars per barrel, that means we have to borrow.

TInubu must go, anyway, no plan for diversification or industrailization

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by Ofemannnu: 5:07pm On Sep 08, 2025

Mrfixitt:
Only a fool will support the wreckless borrowing by this regime. Despite the fact that he removed subsidy, Tinubu regime has borrowed more than any other president in Nigerian history. What a wasteful man

Tinubu is also the person who paid off IMF $3.4 billion dollars' debt and $7 billion dollars owed to airlines by previous govt.
He is executing a lot of Projects in the 6 regions.It is better we borrow money to execute projects than embezzling the money.
Give kudos to the President.

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by blackgold2018(m): 5:10pm On Sep 08, 2025

AMINDA:
The cracks are beginning to show. As predicted, Tinubu will have Speaker Abass impeached before 2027. Just wait and see.

Buhari borrowed to build roads railways, ports and bridges while Tinubu is borrowing for obscure and intangible projects like "building the resilience of rural women".

susidy is removed. That’s the difference. Do you know how much money the subsidy money brings daily??

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by trillville(m): 5:11pm On Sep 08, 2025

If MDA's are privatised, so workers are reduced, the budget will be reduced, and there will be no need to have oil at historical highs ($140 per barrel).

workers need to be reduced, the whole budgetary system needs to be reformed.

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Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by thisisit: 5:15pm On Sep 08, 2025

MR. SPEAKER IS DISTURBING NIGERIANS WITH HIS RANTING.... HE SHOULD RUBBER STAMP THE LOAN REQUEST AS USUAL.... AFTERALL THE GHANA MUST GO BAG HAS BEEN DHLed FROM VACATION LOCATION IN EUROPR TO MR SPEAKERS BANK ACCOUNT

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by saintkel(m): 5:26pm On Sep 08, 2025

victorazyvictor:
Ogar, this is National Cake, when is your turn you eat. Nigeria and Africa is not ready yet.

If Obi should enter there tomorrow, I will urge him to do the same thing and heaven will not fall.

Boss dis is wrong.....that's what d north wants but it is wrong

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by ufotunang: 5:28pm On Sep 08, 2025

Mrfixitt:
Only a fool will support the wreckless borrowing by this regime. Despite the fact that he removed subsidy, Tinubu regime has borrowed more than any other president in Nigerian history. What a wasteful man

..why is the speaker complaining..they are the ones that approve any loans Tinubu and federal government wants to collect..they have the right to reject the loans but they refused to do it because they are loyal to the federal government

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by ArcSEMPECJ(m): 5:29pm On Sep 08, 2025

blackgold2018:
susidy is removed. That’s the difference. Do you know how much money the subsidy money brings daily??

Please tell us how much and what exactly it has done that is better than when it was there...I mean for the common man ...

Don't come and be telling me about influx of GDP $56 trillion into foreign reserves resulting to index funds overpowering abeg ......no be statistics we go chop abeg...

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by ufotunang: 5:31pm On Sep 08, 2025

Chekwas1984:
Yet this current administration said our economy is now stable. Fools

..abi.. the president said they have met the revenue target..but they are still collecting loans upon saying that you have met the revenue target.. nawaaooo

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by ArcSEMPECJ(m): 5:32pm On Sep 08, 2025

ufotunang:
..why is the speaker complaining..they are the ones that approve any loans Tinubu and federal government wants to collect..they have the right to reject the loans but they refused to do it because they are loyal to the federal government

See let's forget this corruption and wickedness of our leaders, these things come in stages...

The speaker has not risen to a total condemnation of body, soul and Spirit,at a time his conscience still flogs him at night or may be he still has a good wife besides him who fears God small compared to the one whose wife is a tool to the devil....hiding as a child of god.....

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by ArcSEMPECJ(m): 5:41pm On Sep 08, 2025

Ofemannnu:
Tinubu is also the person who paid off IMF $3.4 billion dollars' debt and $7 billion dollars owed to airlines by previous govt.
He is executing a lot of Projects in the 6 regions.It is better we borrow money to execute projects than embezzling the money.
Give kudos to the President.

Removing subsidy is enough to be a project to handle for his 4years in office if I were him ...

Like what is he looking for in projects when he can't fix nothing in Nigeria huh

?

The people pushing him to go for projects are only doing so because of kick backs and emoluments it will give to their contractors who will come for lobbying .....

Fixing Nigeria immediately he removed Subsidy should be the biggest project that can even give him third tenure ....

If he is borrowing to reduce the fuel pump price to #50....
If he is borrowing to reduce dollar rate, no problem
If he is borrowing to reduce food cost inflation .. won't you prefer such huh

?

These should come first before any useless coastal high way project....

1 Like

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by Babasonny(m): 5:48pm On Sep 08, 2025

No be Una dey approve am?
If una resume by 23, una go start again

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by MemphitzDgreat1(m): 5:51pm On Sep 08, 2025

nedekid:
You won't find those useful idiots or their mentor reno on this post.

Very useless set of people..... Not one of them found it worthy to comment on this thread.
Bola Ahmed Tinubu aka Borrow And Tax!

1 Like

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by Mrfixitt(m): 5:51pm On Sep 08, 2025

Ofemannnu:
Tinubu is also the person who paid off IMF $3.4 billion dollars' debt and $7 billion dollars owed to airlines by previous govt.
He is executing a lot of Projects in the 6 regions.It is better we borrow money to execute projects than embezzling the money.
Give kudos to the President.

Which yeye Projects is he executing ? Buhari was miles ahead of him in terms of infrastructure yet he sustained subsidy payment. Tinubu is a wasteful and clueless leader

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by IJAYA001(m): 5:54pm On Sep 08, 2025

AqualinaXYZ:
They will come for u

I no blame Tinubu and his people

Na useless south south wey dey allow them use their oils for loan

The day Rivers state will rise that’s the end of this marriage

Omo Igbo you are beating the drum of woooooor.

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by ottersberger(m): 6:00pm On Sep 08, 2025

First, Mr. Abbas, it was your irresponsible rubber-stamp members who approved whatever Tinubu borrowed so far. This is what Nigeria must now deal with for allowing a proven criminal anywhere near the national coffers.

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by ottersberger(m): 6:07pm On Sep 08, 2025

IJAYA001:
Omo Igbo you are beating the drum of woooooor.

You sef know say una no fit fight na, una liver cold. Na always mouth una dey.

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by blackgold2018(m): 6:17pm On Sep 08, 2025

ArcSEMPECJ:
Please tell us how much and what exactly it has done that is better than when it was there...I mean for the common man ...

Don't come and be telling me about influx of GDP $56 trillion into foreign reserves resulting to index funds overpowering abeg ......no be statistics we go chop abeg...

bro no worry I Dey with you🤣. God forbid me being as poor and stupid as those Tinubu supporters

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by Antiurchins: 6:49pm On Sep 08, 2025

Tinubu removed petrol subsidy which led to increase in transportation cost and virtually every other thing in Nigeria by x10.

Removed subsidy on tertiary education tuition fee for Nigerian students which led to increase in university school fees and he cunningly brought student loan, loan not grant.

Tinubu brought Telecom tax, this pushed data price up.

He still went ahead to tax 50 naira for any transactions of 10,000 naira and above

Tinubu devalued Naira and unified our exchange rate which jerked exchange rate up and led to increase in commodity prices in Nigeria.

Tinibu increased the of clearing of goods 6 times in less than 3years in office, upto 800%

Tinubu removed subsidy on electricity tariffs and introduced band A, band B, C billing system which led to increase in electricity bill by x10

Tinubu is introducing new tax law that will force many struggling businesses to start paying huge tax from 2026.

Tinubu introduced new vehicle ownership style whereby every owner of vehicle in Nigeria now pay to FG every year to renew the ownership of their car. So every year you pay Tinubu to verify that your car is still your car not that you sold the car to a new owner.

Braze up for patrol tax from next year you pay 45naira for every 1 liter of fuel you buy 😭😭

Tinubu is now introducing house insurance which will cause annual rent in Nigeria to increase by x2 so that people paying NGN2 million per flat in a year will now pay NGN3.5million to NGN4million once he implements the housing insurance policy and Una say this man called Tinubu should not be impeached before 2027?

Nigerians continue playing na my tribes man, e go soon clear for una eyes shocked

May the supporters of this inhumanity never end well, may the cry of poor Nigerians reach God's heart 😭😭

1 Like

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by MrSly(m): 6:58pm On Sep 08, 2025

chisomkachy:
https://dailytrust.com/breaking-nigerias-debt-alarming-we-must-reject-reckless-borrowing-speaker-abbas/

The rubber stamp at the red chambers will not agree with you on this.

Re: Our Debts Alarming, We Must Stop Reckless Borrowing - Reps Speaker, Abbas by prophetfire: 7:19pm On Sep 08, 2025

Mrfixitt:
He can't stop the process even though he's the speaker. If majority of house members supports the approval, he can't do otherwise.

He never spoke out against it on the floor of the house. He never did and knowing the lame duck Nigeria legislature, if the speaker opposes, the other useless legislators would pander to his side because of favours.