₦airaland Forum

Slippy:
Tinubu government is borrowing more than it is actually saving or generating revenue.

Yet he and his tribal loyalists will publish the increased revenue as an achievement to low IQ Nigerians

While reserves may have improved, the reality is that the country has been pushed deeper into debt.

The likes of Richtaiwo, Helinues, Yarimo, FreeStuffsNG, TimeManager, Putindbutt go overlook this thread

Tinubu Government has collected more loans in 2 Years than all administrations put together in 24 years.

Despite Subsidy Removal

Kukutente23:
And they are using it to prop up the reserves
Zombies are rejoicing

Propping up reserves is only a tiny part of A-looter Propaganda Congress, APC's onigbese modus operandi.

The bigger part of the debt is stolen and used to bribe politicians into decamping for city boy's 2027 project.

emkz:
He has also borrowed the brains of those in opposition who are already blaming him for their inability to organize themselves and tell us what they'd do differently.

Dele Momodu:

1. Will the opposition return fuel subsidy?
2. Will the opposition subsidize forex?
3. Will the opposition cancel student loans?
4. Will the opposition reverse 100% gratuity for civil servants?
5. Will the opposition cancel food importation so that food can be expensive for citizens in favour of local farmers?
6. Will the opposition reverse the Electoral Act and bring back delegate voting?
7. Will the opposition cancel Tompolo's contract to secure pipelines?
8. Will the opposition cancel the tax bill which frees more funds for our workers?

Tinubu bought yatch, Tinubu bought SUV, Tinubu travelled, Tinubu has borrowed more that African leaders since 1960...Tinubu is the reason for lack or erectolysis morningknackus in some people.

We have heard.

Tell us what you'd do differently on policy.

You said a lot of facts.

Opinedecandid:
Tinubu Government has collected more loans in 2 Years than all administrations put together in 24 years.

Despite Subsidy Removal

If that is really true, then it shows the capacity of the government has greatly increased because you can only borrow against your revenue. I am not in support of excessive borrowing though but being able to borrow that much proves something

Opinedecandid:
Tinubu Government has collected more loans in 2 Years than all administrations put together in 24 years.

Despite Subsidy Removal

...............and despite bragging about no more borrowing after hitting higher revenue targets in August.

How does city boy tell lies so well without laughing at his own tomfoolery




https://www.youtube.com/watch?v=Bn29b0SkCWU

lawani:
If that is really true, then it shows the capacity of the government has greatly increased because you can only borrow against your revenue.

I am not in support of excessive borrowing though but being able to borrow that much proves something

Any idea where the increased revenue is coming from?

Can it be from higher tax burden on people?

What are the increased government services and public utilities for the people in return

This is the type of story the govt like to respond. Dele should have stated certain statistics amount horrow e, rose in interest paid and repayments so far. I await the rebuttal but figures don't lie anyway

anonimi:
Any idea where the increased revenue is coming from?

Can it be from higher tax burden on people?

What are the increased government services and public utilities for the people in return

Yes from higher tax burden of course. Only tax can make a country developed. Money from natural resources should just be a bonus. The big problem of Nigeria which IMF, world bank etc have always hammered on is dependence on oil money. If the government is able to drastically reduce dependence on oil money as it is posed to do then it would have done a great service for the nation

lawani:
You can only get loans that your revenue can pay back. It means the government has revenue than all previous government combined

I hope your 20k would last through the whole month

Dele go to court. I can see you all in adc lac shame infact I'm even shocked adc still talking after online fake names registration.

Dele go to court. This is one reason Davido don't respect you a bit.

See below those who registered in your adc yahoo yahoo party.

lawani:
Yes from higher tax burden of course. Only tax can make a country developed. Money from natural resources should just be a bonus. The big problem of Nigeria which IMF, world bank etc have always hammered on is dependence on oil money.

If the government is able to drastically reduce dependence on oil money as it is posed to do then it would have done a great service for the nation

How can government reduce dependence on oil money when looting is the order of the day at the local, state and federal levels?

Looting that prevents children from attending free schools with well paid teachers and other staff, prevents citizens from accessing free basic healthcare, deprives residents of pipe borne water and other government services and utilities including law and order.

Without these things in place and maintained, how will private businesses flourish to overtake oil revenue?

Terrible

Even after taking away fuel subsidy.....na one chance Nigerians enter o

Jayhome24:
Dele go to court. I can see you all in adc lac shame infact I'm even shocked adc still talking after online fake names registration.

Dele go to court. This is one reason Davido don't respect you a bit.

See below those who registered in your adc yahoo yahoo party.

Have their online registration been validated at ward level

anonimi:
How can government reduce dependence on oil money when looting is the order of the day at the local, state and federal levels?

Looting that prevents children from attending free schools with well paid teachers and other staff, prevents citizens from accessing free basic healthcare, deprives residents of pipe borne water and other government services and utilities including law and order.

Without these things in place and maintained, how will private businesses flourish to overtake oil revenue?

The first problem to be solved is the dependence on oil money. Corruption is all over the world and not peculiar to Nigeria. If no oil money, Nigeria will not be more corrupt than Ghana

emkz:
He has also borrowed the brains of those in opposition who are already blaming him for their inability to organize themselves and tell us what they'd do differently.

Dele Momodu:

1. Will the opposition return fuel subsidy?
2. Will the opposition subsidize forex?
3. Will the opposition cancel student loans?
4. Will the opposition reverse 100% gratuity for civil servants?
5. Will the opposition cancel food importation so that food can be expensive for citizens in favour of local farmers?
6. Will the opposition reverse the Electoral Act and bring back delegate voting?
7. Will the opposition cancel Tompolo's contract to secure pipelines?
8. Will the opposition cancel the tax bill which frees more funds for our workers?

Tinubu bought yatch, Tinubu bought SUV, Tinubu travelled, Tinubu has borrowed more that African leaders since 1960...Tinubu is the reason for lack or erectolysis morningknackus in some people.

We have heard.

Tell us what you'd do differently on policy.

The brainbox of PDP prosperity did privatisation and deregulation to make us more prosperous with peace and security as well as less corruption and debt burden for 16 years?

If you want these better things back, why don't you join the opposition to organise them around what they did differently in the past

The Truth Before Dele Momodu:
Ok,we don hear,Oga Momodu,but is he ( Tinubu) delivering on his Promises?
•For example - your dead PDP - was once in Power there for 16-yrs,but Could Not Build a Single Road 🛣️ Projects Infrastructures Developments - for Commissions,what about that?
•For example - the Lagos-Ibadan Express Road was eventually being Constructed by Buhari- Tinubu's Govt now,yet it was Awarded by PDP Govt- to A Lawyer then.
-But Today,we See Road 🛣️ DEVELOPMENT Growth in All the Regions - just 2 yrs- 10 Months of Tinubu's Govt.
Did you Travel through the LAGOS- CALABAR COASTAL HIGHWAYS ROAD INFRASTRUCTURES - that is Passing through 9-Southern -States, including your Own State,Mr Momodu?
2.What happens to $16-Billion DOLLARS -NEPA -DISCOS Loan granted to A Former President under PDP Govt- claiming they want to use it for INDEPENDENT POWER PROJECTS,yet More Darkness Are In Nigeria
•Mr Momodu,where is the Light 🕯️ 🚨 Now and who were Independent Power Projects Contractors?
•Why did you Moved Your Ovation Magazine Production to Ghana - where you Provide the Youths there with Jobs Opportunity,buy Nigerian Youths are here Suffering?
NIGERIANS- Want Men and Women of Integrity in Politics, Please 🥺.

lawani:
You can only get loans that your revenue can pay back. It means the government has revenue than all previous government combined

Where did you get this your logic from
US loan is 100% of its GDP not even budget

Bluntemperor:
The Truth Before Dele Momodu:
Ok,we don hear,Oga Momodu,but is he ( Tinubu) delivering on his Promises?
•For example - your dead PDP - was once in Power there for 16-yrs,but Could Not Build a Single Road 🛣️ Projects Infrastructures Developments - for Commissions,what about that?
•For example - the Lagos-Ibadan Express Road was eventually being Constructed by Buhari- Tinubu's Govt now,yet it was Awarded by PDP Govt- to A Lawyer then.
-But Today,we See Road 🛣️ DEVELOPMENT Growth in All the Regions - just 2 yrs- 10 Months of Tinubu's Govt.
Did you Travel through the LAGOS- CALABAR COASTAL HIGHWAYS ROAD INFRASTRUCTURES - that is Passing through 9-Southern -States, including your Own State,Mr Momodu?
2.What happens to $16-Billion DOLLARS -NEPA -DISCOS Loan granted to A Former President under PDP Govt- claiming they want to use it for INDEPENDENT POWER PROJECTS,yet More Darkness Are In Nigeria
•Mr Momodu,where is the Light 🕯️ 🚨 Now and who were Independent Power Projects Contractors?
•Why did you Moved Your Ovation Magazine Production to Ghana - where you Provide the Youths there with Jobs Opportunity,buy Nigerian Youths are here Suffering?
NIGERIANS- Want Men and Women of Integrity in Politics, Please 🥺.

Why do you keep repeating same set of Lies like a robot
Are you not tired
Abi na pay per post be your contract

lawani:
The first problem to be solved is the dependence on oil money. Corruption is all over the world and not peculiar to Nigeria. If no oil money, Nigeria will not be more corrupt than Ghana

Just imagine how an homo sapiens is thinking
Corruption is all over the world. OK all over the world people get punished for Corruption. How about we also do that here abi your logic no reach that side
And how come Nigeria is more corrupt than countries that have more oil than us since you claim oil is the enabler of Corruption

Kukutente23:
Where did you get this your logic from
US loan is 100% of its GDP not even budget

Can the US get a loan whose interests can not be paid by the total of it's budget? No. No matter how big your GDP, you can not use it to directly borrow, you can't borrow against it, you can only borrow against revenue. If your tax to GDP is very high then your debt can be as big as your GDP.

lawani:
Yes from higher tax burden of course. Only tax can make a country developed. Money from natural resources should just be a bonus. The big problem of Nigeria which IMF, world bank etc have always hammered on is dependence on oil money. If the government is able to drastically reduce dependence on oil money as it is posed to do then it would have done a great service for the nation

So how are countries work low or no tax like UAE able to develop

Kukutente23:
Just imagine how an homo sapiens is thinking
Corruption is all over the world. OK all over the world people get punished for Corruption. How about we also do that here abi your logic no reach that side
And how come Nigeria is more corrupt than countries that have more oil than us since you claim oil is the enabler of Corruption

Go and join the Sowore party that wants to change Nigeria by fighting corruption. The problem in Nigeria is aman with a large family on minimum wage. A man with ten children on minimum wage. Fighting corruption will not solve the problem, you need more revenue. The fight against corruption should go on by the side but it can not be the main thing for any serious government

Urchaino247:
E-Hailing Drivers Decry Low Earnings, Accuse Ride-Hailing Firms of Exploitation
By Ijeomah Daniel Uche (Danbaba)
Lagos
Drivers under the umbrella of the Amalgamated Union of App-Based Transporters of Nigeria (AUATON) have raised fresh concerns over what they describe as exploitative fare structures imposed by ride-hailing companies operating in Nigeria.
The union’s Lagos State Financial Secretary, Ijeomah Daniel Uche, popularly known as Danbaba, issued a strong response following recent claims by Bolt that drivers retain over 75 per cent of trip fares on its platform.
According to the union, the company’s public defence fails to reflect the harsh economic realities facing drivers in Lagos and across the country.
Commission Versus Reality
Bolt had maintained that drivers earn more than 75 per cent of a typical ₦5,000 trip fare, suggesting that its commission model remains fair. However, AUATON argues that such figures do not account for operational expenses that drastically reduce drivers’ take-home income.
The union noted that beyond platform commissions — which range between 27 and 38 per cent when taxes and booking fees are included — drivers must independently cover fuel, vehicle maintenance, mobile data, feeding, and other daily expenses.
Using an estimated gross daily earning of ₦60,000 after at least 12 hours of work, AUATON provided the following breakdown:
Commission (27%): ₦16,200
Fuel (28–30 litres daily): ₦25,000
Feeding: ₦4,500
Miscellaneous expenses: ₦2,000
Vehicle remittance to owners: ₦10,000
This brings total daily operating costs to approximately ₦57,700, leaving a net income of about ₦2,300 per day.
Vehicle Ownership Burden
The union further revealed that nearly 90 per cent of drivers do not own the vehicles they operate. Many work under fleet owners or car partners, remitting as much as ₦60,000 weekly, regardless of daily earnings.
“These financial obligations do not fluctuate with economic realities,” the statement noted, adding that rising fuel prices and inflation have compounded drivers’ hardship.
Safety Concerns
AUATON warned that low earnings are forcing many drivers to work up to 15 hours daily to break even, increasing fatigue and the risk of road accidents.
The union also cited frequent levies and alleged harassment by local enforcement agencies and other actors, describing such charges as unpredictable and unavoidable.
Call for Industry Reform
While acknowledging the right of companies like Uber, Bolt, and InDrive to operate profitably, AUATON called for:
Reduced commission rates during periods of economic hardship
Fare structures reflecting inflation and operational realities
Transparent engagement with driver representatives
Policies limiting excessive working hours
“A sustainable ride-hailing industry cannot exist where drivers shoulder nearly all the economic risks while platforms maintain fixed commissions,” the statement read.
Appeal for Dialogue
The union urged ride-hailing firms to move beyond public relations statements and engage directly with driver representatives to review commission models and fare structures.
“True sustainability means drivers earn decent, livable incomes without debt, exhaustion, or exploitation,” the statement concluded.
AUATON called on drivers nationwide to unite in advocating for reforms aimed at restoring dignity and viability to the e-hailing sector.

Were you forced to drive on the app

Kukutente23:
So how are countries work low or no tax like UAE able to develop

UAE population is eleven million and last year budget was 19 billion dollars with around ten billion dollars coming from oil. UAE is around the same population as Oyo state

Mumu talk from mumu human

fuckJones:
There is nothing wrong with taking loan, my ex Jones borrowed from opay too

Kukutente23:
Why do you keep repeating same set of Lies like a robot
Are you not tired
Abi na pay per post be your contract

You are Pained abi?
So ,how can you say the Above Facts Are lies - For Example,Did OBJ - your PDP took Dollars 💰 loans from - Yes or No.
Because ,many of us are Not into any Political Parties but we tell you Raw, because we are Not Gen Z- who just came yesterday.
You Mumu Never Do Now you have Migrated from PDP to LP- to ADC!

These stinking mouth frog thinks he is relevant.
Someone joined pdp in 2022 and they referred to him as a chieftain

Dele Momodu must be an IPOB anyone not supporting them is tagged already

treesun:
https://dailypost.ng/2026/03/04/tinubu-govt-has-taken-more-loans-than-all-administrations-combined-dele-momodu/

This one is looking for attention as baba don ignore am completely. No appointments for you Dele.

DeclanR:
I sincerely want to ask:

How has the removal of fuel subsidy impacted our lives?
I thought the reckless borrowing was meant to stop since the removal of the subsidy on fuel?

😂 You never see anything. Na APC government and Tinubu government you dey trust like this🤣🤣🤣