₦airaland Forum

Meedon:
Tinubu the master borrower.
He borrowed to strengthen the naira against the dollar and it is working and Nigerians are happy and everywhere is developed now.

Tinubu is working hard to put smiles in everyone's faces. God bless the jagaban of Africa.

You sound incoherent like a broken record.

Are you ok?

lesson44:
They removed subsidies from the oil sector, increased charges on imports at various ports, and raised VAT, yet the government keeps borrowing at every opportunity.

Nigerians are being far too passive by continuing to stay quiet.

That’s the Tinubu magic for you. It’s working on 20 million Lagosians for the last 26 years so it must work on 200 million Nigerians.

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/

loffyloffy:
If you are smart and observant, you would have been able to recall that the budget includes a deficit element that is not covered by revenue.

But as school sat failed wey you be, it will be too much to remind you of this fact.

Meeting his revenue budget means he have enough money to pay back short term loans that was within the prohected revenue.

In the same budget, there is deficit, which means he will have to borrow to cover that.

If at tge end of the day his revenue superceded expectation, he can use it to boast his external reserve by savibg it, which the govt is doing right now, or he could use it to repay loans, which they are not doing.

But assuming that they wont have to borrow because they have meet their revenue target is babyish economics.

> With all due respect sir, your 4th paragraph contradicts your 3rd paragraph, but I stand to be corrected with facts.

> What exactly do you think is responsible for the deficit nature of our national budget?

> We keep borrowing without producing. Can you educate us what exactly Tinubu is using these borrowed monies for?

> Please kindly explain to us what Tinubu meant by 'I have met my revenue target'.

We are waiting!

Thank you sir!

2025 is almost at the end, that means there will be more borrowing in 2026.

₦1.15 trillion loan again? At this point, Nigeria should just rename itself “Federal Republic of Borrowers.

Sheuns:
They said they met their revenue targets in August. In November they are seeking 1trn naira in loans. I honestly don't know why Nigerians deserve such cruel people as leaders.

They must have met Revenue target for the month of August.

Massive tax. Subsidy removed. FX deregulated. Still massive borrowing.
Tulumbu economics in action.

hatchy:
You sound incoherent like a broken record.

Are you ok?

Is this not how his supporters praise him?

Borrow borrow borrow borrow na the only thing wey Nigeria see collect from this evil terrorist govt hand.

Chachalogo:
> With all due respect sir, your 4th paragraph contradicts your 3rd paragraph, but I stand to be corrected with facts.

> What exactly do you think is responsible for the deficit nature of our national budget?

> We keep borrowing without producing. Can you educate us what exactly Tinubu is using these borrowed monies for?

> Please kindly explain to us what Tinubu meant by 'I have met my revenue target'.

We are waiting!

Thank you sir!

Well I will respond to you as you appear to be a reasonable, plus you prove yourself to be better than me by not responding to my implied insult.

Now I need to remind you that the budget have two distinct sides. Planned expenditure(expenses) and Revenue(Income). When the revenue exceeds expenses which is extremly rear in govt budgeting you have excess, but when the revenue is less, you have deficits.

When this budget was made, the projection is that we will have a deficit and the plan is that the government will borrow to cover this deficit.

While it is true that the govt has been able to achieve 100% of its project revenue up to August, which is remarkable as it is uncommon, this will not still be enough to cover the deficit that has been built into the budget.

Now I need to let you know that govt borrowing is always a mix of short, medium and longterm borrowing. When they declare the budget, they ussualy dont have the money, so they borrow short time to kick start the budget, this is paid back as the Revenue comes in, it includes loans from banks and individual like you and I(bonds, treasure bills etc) There is also long term borrowing ussualy for capital projects, most time budgets deficits meant for capital projects are longterm loans.

I hope I have been able to answer your questions in a way that is clearer for you.

Thanks

na borrow borrow with these people

😂 😂 😂 awon we had met the 2025 revenues! Una go see Cameroonian pepper in 2026. This is just testing of microphones.

Baba incompetence. Very useless rulers hv ruled nigeria but this tinibu is d worst ever

W3tin he wan d money do...this kind man sef

Wicked man. He wants to wreck the country before he dies. Emilokan..!

Se yen lowa kan bayi. Shey na borrowing be the next thing now Tinubu

So Tinubu is craftily trying to bury his plan to borrow trillions in the muddled waters now that Nigerians are discussing Trumps threat to invade Nigeria. Tinubu thinks we will not notice his evil plan to lumber us with trillions more in debt

Sheuns:
They said they met their revenue targets in August. In November they are seeking 1trn naira in loans. I honestly don't know why Nigerians deserve such cruel people as leaders.

They deserve cruel Leaders because the useless ones will still vote for the evil leaders .

If you have money, just buy dollars and keep. These dulllards are using the loans to suppress the dollars for optics. At some point, it would become unmanageable.

Chachalogo:
> With all due respect sir, your 4th paragraph contradicts your 3rd paragraph, but I stand to be corrected with facts.

> What exactly do you think is responsible for the deficit nature of our national budget?

> We keep borrowing without producing. Can you educate us what exactly Tinubu is using these borrowed monies for?

> Please kindly explain to us what Tinubu meant by 'I have met my revenue target'.

We are waiting!

Thank you sir!

To buttress my point in my initial response. Bellow is Canada's budget for 2026 as presented today by the finance minister

Note the budget deficit of $78 billion dollars. That is the amount the govt have to borrow to make the budget work.

Carney's 1st budget calls for billions in new spending to prop up tariff-hit economy | CBC News https://share.google/lmxY87nVZLFs1v72U

iwaeda:
https://www.channelstv.com/2025/11/04/tinubu-seeks-fresh-%e2%82%a61-15trn-domestic-loan-to-fund-2025-budget-deficit/

Just imagine the madness, despite the so called removal of subsidy?? Why is Nigeria a terrorist country? Selling the future of unborn generation to loans??

Disgracefully

I pray this is fake news

iwaeda:
https://www.channelstv.com/2025/11/04/tinubu-seeks-fresh-%e2%82%a61-15trn-domestic-loan-to-fund-2025-budget-deficit/

Na there dem dey see am. This cocaine sniffer won’t stop until the cursed country is done for.

iwaeda:
https://www.channelstv.com/2025/11/04/tinubu-seeks-fresh-%e2%82%a61-15trn-domestic-loan-to-fund-2025-budget-deficit/

GOD AND DEVIL PUNISH ANYONE SUPPORTING THIS CURSED GOVT. ALL THE AGBADO TINUBU BALL LICKERS. UNA NO GO DIE BETTER

I will never vote any presidential candidate fromthe SW

Like i said before tinubu can only deceive Reno omokiri and yarimo not me