₦airaland Forum

Eriokanmi:
You're taking it too far. There shouldn't be any derailment from this topic. Do you remember despite the so called huge inherited debt, tinubu still borrowed? Do you know how many times he had borrowed since he became president and he's still borrowing more? If truly according to them,despite the huge debt incurred by the past administration theyre telling us our credit performance was good and we could borrow more( I remember when they posted the number of countries we're better than, in terms of credit performance in africa here, to justify the claim), why not also borrow for palliatives either from within or outside since our credit performance was so good? If truly they had the love of the masses at heart, this would have been their focus.
Are you aware Tinubu's administration borrowed almost 800m usd to finance the lagos-calabar coastal road project that is a long term in view? A lot is just wrong with this administration and I think theyre acting deliberately this way

What's more important...palliatives to save the poor masses from further despair and keep the economy going or the elephant project of that calibre? The existing roads are death traps and I always use ekiti road as an example here.
Im not saying you shouldn't defend your party, its ok. But when doing this, think of what your conscience will tell you first.

Atiku wouid have sold the refineries which Tinubu is planning to borrow another money to fix and he said this many times. Obi would have done same. Both candidates had agreed on the removal of subsidy too. But Obi said he will not remove it once cos the impact would be too much on the masses....and he's right as seen today. I cited the Angola model to you, which is why they're not crying like us today. Angola did like Jonathan. Before subsidy was removed, enough palliatives were already in place and it was removed in phases, not once like Tinubu had done. but tinubu didn't just bother.

1. Not a derailment

2. Borrowing happens now for the same reason that it happened before ..We rely on oil and we have failed to diversify away from oil

Because oil prices have not been high enough for us , we borrow

3. It is failure to diversify away from oil that makes tinubu a failure

nairalanda1:
1. Not a derailment

2. Borrowing happens now for the same reason that it happened before ..We rely on oil and we have failed to diversify away from oil

Because oil prices have not been high enough for us , we borrow

3. It is failure to diversify away from oil that makes tinubu a failure

Borrowing to fund a long term project like the coastal highway project instead of maintaining the existing ones which are death traps in many places, or Borrowing for palliatives that will alleviate the immediate sufferings of the masses as a result of the sudden subsidy removal, also by keep our economy running ,which is better out of the 2? We all have conscience. It doesnt lie, even if we do. Enough said

Eriokanmi:
Borrowing to fund a long term project like the coastal highway project instead of maintaining the existing ones which are death traps in many places, or Borrowing for palliatives that will alleviate the immediate sufferings of the masses as a result of the sudden subsidy removal, also by keep our economy running ,which is better out of the 2? We all have conscience. It doesnt lie, even if we do. Enough said

I don't think this argument was about the roads and the palliatives. Already i have been critical about both elsewhere.

Also you are refusing to acknowledge what i said about diversified economy.

Anyway, the issue with our borrowing is simple. Dutch disease..same issue Venezuela has. Before the Chavez and Maduro took over even

We got to get off oil.

Good morning. See the big picture. Most of you are in campaign mode which kind of makes it difficult to explain my views

commoditiesnig:
I don't think the president just made that comment out of the blue/without thinking, in disagreement to what many people thought.

I think/believe he and his campaign team had already decided the decision from day 1.

Someone said if the president had delayed from not implementing the subsidy removal from day one, political forces would've fought him to delay it.. Just as they did to previous presidents.. Can't you see what's happening to Dangote?

That statement was planned and took the subsidy mafia unawares. I believe this.

which mumu mafia

now there is no mafia how have we fared... He only created a new mafia... The governors collecting all the allocations with little to show

Didijiji:
which mumu mafia

now there is no mafia how have we fared... He only created a new mafia... The governors collecting all the allocations with little to show

Lol. You should be ashamed for this statement. What do you mean by "the Governors". Speak for yourself!

1. Was it Tinubu that appointed YOUR OWN STATE GOVERNOR?

2. ARE YOU TELLING US THAT YOUR STATE GOVERNOR IS A CULPRIT? WHAT STATE ARE YOU FROM AND WHAT'S YOUR GOVERNOR'S NAME?

3. YOU'RE SUPPOSED TO DIRECT YOUR CONCERN AND HOLD YOUR STATE GOVERNOR RESPONSIBLE FOR INCREASED ALLOCATIONS AND NOT "TINUBU"

4. AS FAR AS I'M CONCERNED, MY STATE GOV. (EDO STATE) HAS BEEN MAKING JUDICIOUS USE OF ALLOCATIONS GIVEN TO HIM.. ROAD CONSTRUCTION AND PROJECTS ALL OVER THE STATE.

LAGOS STATE GOV ALSO DOING GREAT JOB. YOU HEARD GOV. HOPE RECENTLY INCREASED MIN WAGE TO OVER N100K AND OVER N500K FOR DOCTORS.

SO I ASK AGAIN WHAT STATE ARE YOU FROM? WHAT'S YOUR STATE GOV NAME

If you can't tell the world your state governor then shame on you!

commoditiesnig:
Lol. You should be ashamed for this statement. What do you mean by "the Governors". Speak for yourself!

1. Was it Tinubu that appointed YOUR OWN STATE GOVERNOR?

2. ARE YOU TELLING US THAT YOUR STATE GOVERNOR IS A CULPRIT? WHAT STATE ARE YOU FROM AND WHAT'S YOUR GOVERNOR'S NAME?

3. YOU'RE SUPPOSED TO DIRECT YOUR CONCERN AND HOLD YOUR STATE GOVERNOR RESPONSIBLE FOR INCREASED ALLOCATIONS AND NOT "TINUBU"

4. AS FAR AS I'M CONCERNED, MY STATE GOV. (EDO STATE) HAS BEEN MAKING JUDICIOUS USE OF ALLOCATIONS GIVEN TO HIM.. ROAD CONSTRUCTION AND PROJECTS ALL OVER THE STATE.

LAGOS STATE GOV ALSO DOING GREAT JOB. YOU HEARD GOV. HOPE RECENTLY INCREASED MIN WAGE TO OVER N100K AND OVER N500K FOR DOCTORS.

SO I ASK AGAIN WHAT STATE ARE YOU FROM? WHAT'S YOUR STATE GOV NAME

If you can't tell the world your state governor then shame on you!

I dont have time to read the rubbish you wrote up there... You guys always claim THERE IS A SUBSIDY CABAL and Tinubu came to dismantle. I am saying that the so called cabal were few individuals given so much money for subsidy payments as claimed. Now my question is why dismantle a problem to create another that leaves people suffering more? You dismantled subsidy cabal and gave the governors soo much money as allocation... what is the impact in the states.... the governors claim that the figures are only huge in numbers but less in value because inflation has made a mess of the money... una dull o