₦airaland Forum

malali:

Using just common sense
1-Our revenue has depleted, Oil revenue is meager as oil prices have been dropping ever since.
2-Oil subsidy is counteracted by increased allocation to state governors
3-He is borrowing more money because,he is using debt to pay debt. AKA Ponzi scheme.
4-What he is running currently cannot be sustained for long. Watch and see. You painted a good picture, but have you asked yourself,if all that was the case,why is he borrowing more than Buhari did ?

INTEGRITYA1:
I'm I the one who told her to give before?

Some of you on here self.

grandstar:
Please search this using Google AI:- Has the Nigerian government revenue increased despite the slump in crude oil prices this year?

asolocoaso:
It has been reported to increase, but that's the part that's hard to believe. Tinubu's administration has credited it to non-oil revenue's.
He has attributed it to remittances from abroad. But as a world citizen. I know that all those living abroad at this moment have high unemployment rates and they are also dealing with inflation, with rents, mortgages,bills,groceries, etc having skyrocketed.
So why is Tinubu's administration lying that these same people are now sending more money to Nigeria ?
It doesn't make sense, they should be sending less, because their disposable income is now less.Our GDP number is falsified

Lukuluku69:
Funny IMF, when you will be the ones hawking meaningless Loans? You hawk Loans with your cooked up data and statistics.

Lol

grandstar:
The IMF does not actively go about begging dovernments to borrow from.

It is usually approached by nations when their economy is in tatters, and no country or banks want to lend them money as they are considered too risky and will be unable to repay loans.

They are lenders of last resort. Countries do not approach the IMF when they have a little wound. It is only when it is a big massive scar, that may soon turn gangrenoius, is when they approach..

malali:
She’s likely referring to Asiwaju Bola Ahmed Tinubu.

Falsifying GDP figures to meet IMF debt-to-GDP requirements for continued borrowing has serious consequences. When this house of cards,or Ponzi scheme, eventually collapses, it will trigger massive inflation, currency crashes, and devaluation.

The IMF is issuing warnings now because they can see the government’s manipulations and understand the economic fallout if these numbers continue to be misrepresented. They’re signaling what the future could look like if these games persist.

Lukuluku69:
Of course they don't put a physical knife on anyone's neck. All they do is to cook up Data and falsify statistics, paint a gloomy picture and funny enough the so called emerging markets fall for it and they take the Loans.

Lukuluku69:
They do sir. They actively go around peddling Loans. Let me take you back memory lane.

When President Muhammadu Buhari newly resumed Office, the IMF Head came to Nigeria within 2 weeks of his Tenure.

She came to hawk Loans knowing fully well the financial mess we were in. Remember, the Co-ordinating Minsiter for Finance said they were borrowing to pay salary.

Buhari never liked IMF, so he turned to China.

grandstar:
The IMF did not come to hawk loans. Buhari's economic policies were destroying the economy and they were pleading for him to change course.

Tinubu is now the one forced to clean up the mess that Buhari left behind. That is why the Naira is now $1-N1,500.

The only time the IMF extended any loan to Nigeria was during the pandemic lockdown. That was because during the lockdown, no money was coming in.

grandstar:
The IMF did not come to hawk loans. Buhari's economic policies were destroying the economy and they were pleading for him to change course.

Tinubu is now the one forced to clean up the mess that Buhari left behind. That is why the Naira is now $1-N1,500.

The only time the IMF extended any loan to Nigeria was during the pandemic lockdown. That was because during the lockdown, no money was coming in.

Lukuluku69:
IMF came to Nigeria in January 2016.

Buhari entered May 2015.

Are you saying Buhari messed the Economy up in just a little over Six months?

IMF knew of the mess we were in, Okonjo said they were borrowing to pay salary.

So, they came as usual offering their usual Toxic Loans but Buhari never like or trust them, reason why he went the China way.

OkonkwoOkoro:
If you read the article well, you will have noted that it was not addressed to Nigeria but other countries.

grandstar:
Buhari entered in May 2015. The official exchange rate then was $1- N199 while the parralel exchange rate was N216 or so.

By December, the offiicial exchange rate was 199 but the parrallel exchange rate was N280. Things was already falling apart due to Buhari's bad policies. Nigerian economists such as Charles Soludo and Lamido Sanusi had by June 2015 had already warned Buhari that he should change his economic policies, that they would destroy the economy.

Check out the post below:

https://thewillnews.com/lamido-sanusi-laments-buharis-economic-policies/

Lukuluku69:
Baba that's besides the point.

What was it when GEJ ruled? Was the Parallel Market and the Official rates any equal?

The point I am making his this: IMF peddle loans around.

I know what I am saying.

I can detail their involvement with us since Babagida SAP escapades

grandstar:
Imagine a man sees his friends daughter going out at night in a miniskirts with lots of lipstick. He informs his friend and that friend replied that she is going for night vigil, that she is a prayer warrior in her Church, what would you think? You can interpret what is going on.

Learn to interpret economic issues. You can't interpret economic information. The issue on ground was the difference between official and parralel market rates. Lamido Sanusi said it must never be more than 3%. The World Bank says 5% is still acceptable. Anything above that figure would encourage corruption and distortions in the economy.

The difference by December 2015 was over 40%. Buhari's exchange rate policies were destroying the economy.

Please, show me where IMF peddles loans.

https://thewillnews.com/lamido-sanusi-laments-buharis-economic-policies/

Lukuluku69:
Lol

So, all our economic woes is predicated solely on the disparities between the Official Rates and Parallel Market?

Lol again.

Cheers.

grandstar:
Yes, It can solely RUIN an economy . That was the primary reason the economy collapsed under Buhari

I can always back whatever I write.

Google this using their AI: "did buhari's foreign exchange policies destroy the nigerian economy"

Lukuluku69:
Baba, are you currently writing a Term Paper or a Thesis? The way you are forming and blowing grammar just makes me laugh..

So, if disparities in Exchange Rates for FX can SOLELY RUIN an Economy, it is only President Buhari that should carry that cross solely? Lol

You are a joke.

Please ease up on the mention.

Cheers 🍻

grandstar:
Yes. Buhari and his enabler, Emefiele destroyed the destroyed the economy. Emefiele knew Buhari's forex controls do not work, but still did his bidding.

I am glad I could defend myself with facts. You can't even defend yourself. You're the joke. It is like a student who can't defend his project but is laughing at the student who can. It is like a blind man who is determined to direct someoenwho can see.

Go and pick up The Economist magazine and not Mills and Boons.

You're like Oshiomole who frustrated OBJ's efforts to remove subsidy, but upon becoming governor, he realised that the policy cost lots of money and was depriving state governments lots of revenue.

Lukuluku69:
Before you go off typing as if you swallowed a Typewriter, are you saying that the disparities in the exchange rates during President Buhari tenure was the sole reason that Nigeria economy was in shambles?

Lol

Mr. Typewriter that can defend himself of whatever he writes, a simple Google search or the Fabled AI you always run to will tell you that, the disparities has always been with Nigeria. From Babagida, Abacha, Shonekan, OBJ, GEJ, Yar'dua to Buhari there have always been disparities but it is Buhari that messed it up?

Continue.

Lol

Obagreatdatoye:
You should read well...Nigeria total debt as at June 2025 is $99bn

grandstar:
Remittances isn't revenue, unless part of it was taxed.

Tinubu never attributed increased government revenue to remittances.