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Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong - Politics (3) - Nairaland

Nairaland ForumNairaland GeneralPoliticsEmir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong (10201 Views)

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Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by advanceDNA: 10:58am On Oct 31, 2025
musicwriter:
This is the same thing I've said in other threads. This incessant borrowing after removing subsidy only means that we're making the loan givers rich.

It's better to have subsidy and borrow, than remove subsidy and continue borrowing.

Those who argued that it's better to give Nigerians the money than to IMF or others are right. If so, it means the subsidy removal is meaningless
Its meaningful to those stealing....politicians never come to help the people ..they came for their pocket....
They pay heavily to get to those public office...tinubu had to remove fuel subsidy for only one reason....to have more money to steal.. nothing.more...
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by GiftofGod77(m): 11:01am On Oct 31, 2025
This is very professional and only the truth. May God bless and reward you Sir. I wonder why such people as the Emir are not in leadership positions. May God help us.
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by safarifarms(m): 11:05am On Oct 31, 2025
Ezeama400:
Is Nigeria a productive country ?

What are u producing to be comparing yourself with a country like US that has a very strong economy?

The way some of you guys reason sef !
He will only compare those things that they can use to support bad things in Nigeria. Ask him to compare on good institutions, good healthcare etc and he will disappear.
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by CodeTemplarr: 11:05am On Oct 31, 2025
Before subsidy removal we were about to borrow from the dead and kidnapped. Now we are building highways to nowhere, traffic starved flyovers and going to mecca like kings. Isnt that wonderfully great?
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by safarifarms(m): 11:06am On Oct 31, 2025
helinues:
Wondering why US is having trillion dollars debt

Modified: See so many American citizens on this thread. Chai, may bitterness about one's country not be our portion in life. Amen
When will you ever compare Nigeria with good things happening elsewhere?
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by SouthSouth1914: 11:09am On Oct 31, 2025
Emzedz:
Tinibu has borrowed more money in 2yrs than buhari borrowed in 8years yet the oldman does not pay subsidy to reduce prices of goods n services..
the worst ruler ever in nigeria
Just unbelievable! Keep allowing praise singers to keep the drum and bass going!
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by Exceed15: 11:24am On Oct 31, 2025
This Tinubu administration lacks leadership skill to lead the country. It's all about grabbing power ( emilokan)
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by dettolgel: 11:49am On Oct 31, 2025
helinues:
And how many millions of homeless people do they have in USA? Can you compare that with Nigeria
So the money Tinubu is borrowing is used to solve homelessness problem in Nigeria?

Oga for once, accept that the guy was right and move on. How could you ever learn anything in your life with this attitude? 😜
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by jaxxy(m): 11:50am On Oct 31, 2025
ARISHEM:
Sanusi should be careful again o. He should not forget that his too much advise opinions and talks on APC government decisions had him replaced some time ago
Let tinubu apc try it and see if it won't backfire.
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by IJAYA001(m): 11:52am On Oct 31, 2025
helinues:
Wondering why US is having trillion dollars debt

Modified: See so many American citizens on this thread. Chai, may bitterness about one's country not be our portion in life. Amen
Despite the fact USA is still borrowing more . l can only agree with Sanusi on how all tiers of Government spend recklessly.
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by Smartcitizen: 11:56am On Oct 31, 2025
helinues:
Wondering why US is having trillion dollars debt

Modified: See so many American citizens on this thread. Chai, may bitterness about one's country not be our portion in life. Amen
Have you wondered why your leaders are always buying properties and going to hospital in that same US?

You sincerely need help from this bootlicking.


🥱🥱🥱🥱
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by CorperKola: 12:06pm On Oct 31, 2025
malali:
Stop comparing looting to USA-style social infrastructure. Let’s be clear:

1. In the USA, unemployment benefits exist for those actively looking for work but unable to find a job.
2. Citizens who cannot afford housing have Section 8 and other public accommodation support.
3. People who become disabled and cannot work receive disability benefits.
4. Social Security ensures that anyone who has worked until ~62 receives a basic income, regardless of private pensions.
5. Every child gets free schooling up to high school graduation.
6. Underserved children have access to healthcare if their parents cannot afford it.
7. Children from low-income families receive food vouchers to ensure they are fed.


Now look at Nigeria. We have mountains of debt, but what is it financing? Which of these fundamental social supports does Tinubu’s administration provide with all the money borrowed?


Debt in Nigeria is not building social safety nets, infrastructure for human capital, or sustainable welfare. Instead, it seems to prop up a bloated government, subsidies that barely reach the intended people, and a political class focused on optics rather than outcomes.

The question is blunt: why borrow so heavily when none of the systems that make a society humane, productive, and resilient are in place?

Debt without social investment is not development; it’s a trap, and we are all paying for it.
That is why i was gainst the sudden removal of subsidy at once like that
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by Kewekubosineh: 12:06pm On Oct 31, 2025
malali:
Stop comparing looting to USA-style social infrastructure. Let’s be clear:

1. In the USA, unemployment benefits exist for those actively looking for work but unable to find a job.
2. Citizens who cannot afford housing have Section 8 and other public accommodation support.
3. People who become disabled and cannot work receive disability benefits.
4. Social Security ensures that anyone who has worked until ~62 receives a basic income, regardless of private pensions.
5. Every child gets free schooling up to high school graduation.
6. Underserved children have access to healthcare if their parents cannot afford it.
7. Children from low-income families receive food vouchers to ensure they are fed.


Now look at Nigeria. We have mountains of debt, but what is it financing? Which of these fundamental social supports does Tinubu’s administration provide with all the money borrowed?


Debt in Nigeria is not building social safety nets, infrastructure for human capital, or sustainable welfare. Instead, it seems to prop up a bloated government, subsidies that barely reach the intended people, and a political class focused on optics rather than outcomes.

The question is blunt: why borrow so heavily when none of the systems that make a society humane, productive, and resilient are in place?

Debt without social investment is not development; it’s a trap, and we are all paying for it.
Malali, Find out your source of information.

Your Take on US social policy is not correct.

Re-check and come back to Tell us the Truth. Not the lies bandied in the write up.
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by Putinofrussia: 12:12pm On Oct 31, 2025
malali:
Stop comparing looting to USA-style social infrastructure. Let’s be clear:

1. In the USA, unemployment benefits exist for those actively looking for work but unable to find a job.
2. Citizens who cannot afford housing have Section 8 and other public accommodation support.
3. People who become disabled and cannot work receive disability benefits.
4. Social Security ensures that anyone who has worked until ~62 receives a basic income, regardless of private pensions.
5. Every child gets free schooling up to high school graduation.
6. Underserved children have access to healthcare if their parents cannot afford it.
7. Children from low-income families receive food vouchers to ensure they are fed.


Now look at Nigeria. We have mountains of debt, but what is it financing? Which of these fundamental social supports does Tinubu’s administration provide with all the money borrowed?


Debt in Nigeria is not building social safety nets, infrastructure for human capital, or sustainable welfare. Instead, it seems to prop up a bloated government, subsidies that barely reach the intended people, and a political class focused on optics rather than outcomes.

The question is blunt: why borrow so heavily when none of the systems make a society humane, productive, and resilient are in place?

Debt without social investment is not development; it’s a trap, and we are all paying for it.
Are these reasons why USA is owing up to $38 trillion dollars?

Remember that Tinubu is doing better than that by..
1.Giiving technical colleges free education with free food and #22,500 monthly pocket money.

2.Making it possible for youths all over Nigeria even with a family that has more than 20 children who want to attend universities at the same time.No burden on the parents finances because Tinubu has taken care of that.

3.All pensioners can get free treatment in any FG hospitals.

4.Credit scheme to help the needy and so much more.

Moreover South Africa owes more than $600 billion with just 64 million population while USA is owing up to $38 trillion as at this Oct 2025.
Nigeria's total public debt was $99.66 billion as of June 2025, the latest available data. This figure is a slight increase from the $97.24 billion recorded in March 2025 and represents the highest public debt in dollar terms on record, just shy of $100 billion. The increase is attributed to new borrowing and the impact of exchange rates on external debt, which climbed to $46.98 billion.
Source of data: The Debt Management Office (DMO)
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by ADAMUdaCOWBOY: 12:34pm On Oct 31, 2025
Gotocourt:
Senator Bukola Saraki remains the best Senate President Nigeria ever had 📌💯. Baba was busy rejecting loans upandan grin
It was not in your interest guy! Buhari refused to give him juicy appointments that was why he fought. I fail to see how that made him a good senate president.
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by Fujiyama: 12:36pm On Oct 31, 2025
undecided

Subsidy removal is not the magic wand or silver bullet it was made out to be (by its one trick pony supporters). That much is clear now.

For years some of us yelled about institution building and public sector reform as life and death matters. But the BAT crew weren't interested - because that would threaten their carpetbagging plans.

Well, here we are now.
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by dododawa1: 12:43pm On Oct 31, 2025
Hpocrite




All of them include



Who is talking
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by malali(op): 12:43pm On Oct 31, 2025
Kewekubosineh:
Malali, Find out your source of information.

Your Take on US social policy is not correct.

Re-check and come back to Tell us the Truth. Not the lies bandied in the write up.
When you call someone a liar, you bring the receipts.
You state the facts, show your sources, and let the audience judge who’s actually standing on truth.

But when someone screams “liar!” then disappears, we already know where the dishonesty lives.

If you can’t back your mouth with evidence, don’t label people.

Simple. Clear. Case closed.
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by NOETHNICITY(m): 1:03pm On Oct 31, 2025
Sanusi is absolutely right. I’m a Tinubu supporter, and I’ve raised same exact concerns

Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by internationalman(m):
helinues:
And how many millions of homeless people do they have in USA? Can you compare that with Nigeria
Please use your chatGPT or any other AI app to ask the countries with the highest numbers of homeless people. Nigeria is sitting at the top of the list.

I just laugh when you Nigerians exaggerate this homeless people issues in the US when the numbers of homeless people in Lagos motor parks and under the bridges alone is significantly high.

Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by Confirm4real(m): 1:37pm On Oct 31, 2025
The Druglord is secretly saving money for next Election bribe cool
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by Kingbuhari(m): 1:52pm On Oct 31, 2025
He should use Lagos state as collateral
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by Gotocourt: 1:58pm On Oct 31, 2025
ADAMUdaCOWBOY:
It was not in your interest guy! Buhari refused to give him juicy appointments that was why he fought. I fail to see how that made him a good senate president.
Well it favoured the economy 🤷🏿. I guess you can see how Lawan and Akpabio approved loans and we're all feeling the heat 🥲
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by Inosky: 2:07pm On Oct 31, 2025
After 2023 hijack. Bulaba balabulu

Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by maasoap(m): 2:12pm On Oct 31, 2025
helinues:
And how many millions of homeless people do they have in USA? Can you compare that with Nigeria
Drug addiction related homelessness in most cases.
They even have families. Their families don't want them or they don't want their own families in some instances
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by maasoap(m): 2:15pm On Oct 31, 2025
ARISHEM:
Sanusi should be careful again o. He should not forget that his too much advise, opinions, interference and talks on APC government decisions had him replaced some time ago
That also got him chased out of CBN as CBN governor by Jonathan of PDP angry angry
I say make I remind you as you have forgotten, may be amnesia is the cause
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by Tochi3(m): 2:21pm On Oct 31, 2025
grin grin grin

..Sanusi himself is still grapping with what a Bullion van actually means..

..people don't really understand what it means to have a Bullion van be in possession of the Keys to the National treasury..

..i really don't have pity for some Nigerians.. grin grin

grin grin grin
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by Elusive001: 2:35pm On Oct 31, 2025
The problem is the rape of the country in broad day light. Worse still is rape without protection.
Re: Emir Sanusi Cautions Tinubu: Continuous Borrowing After Subsidy Removal Is Wrong by Elusive001: 2:40pm On Oct 31, 2025
Iran2025:
Exactly my worries. Where's the fuel subsidy money?


Tinubu is a failure and his supporters are useless.
Of course

I remember them support the reckless borrowing by buhari. They vilified GEJ for borrowing, but support buhari.
1 2 3 4 Reply

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