₦airaland Forum

Ekaka14:
Joke's on you actually. Whose job is it to ensure stability of the Naira vs Dollar, whosw job is it to manage Inflation and review currency devaluatuon... it's the man on the saddle ...and guess who that man is at this time?🤔
Now you know and pls stop this closed-minded way of thinking... there's always room to improve. Not finding justification to increase the burden on the people by hyper-taxing them, mismanagibg their resources, boelrrowing to fund projects that are clearly misplaced priorities while the vast majority continue to wallow in poverty and a few corridor sycophants and cronies enjoy contracts and good will so they can have 3nergy to be singing his praises and a few of your type who received nothing but a bag of rice from "City boys movement " will come here to setup all these weak and crappy defence rhetorics in favor of a man who don't mean well for you and who has continued to attract debts that you and your lineage may have to pay for generationally long after he's gone from office and perhaps from the earth.....dem swear for some of una for here? una no dey see or hear?!!!

The guy might be ignorant or wicked,they converts loan to dollar and allocations to state to naira to tell us states are getting more.

oyebanji:
This is being clever by half. What is the dollar value of the loans for the 2 periods?
To put this in context, under Buhari, Naira to USD was averagely N320 while under Tinubu its averagle N1400. At Buharis N75trn and Tinubu's N65trn, loans under Burai is $234bn while same under Tinubu is $46bn.

That the average Naira value is significantly lower under Tinubu and higher under Buhari is a proof that Tinubu dragged us back regardless of debt volume.

oyebanji:
This is being clever by half. What is the dollar value of the loans for the 2 periods?
To put this in context, under Buhari, Naira to USD was averagely N320 while under Tinubu its averagle N1400. At Buharis N75trn and Tinubu's N65trn, loans under Burai is $234bn while same under Tinubu is $46bn.

Firstly, Tinubu also borrowed more in foreign currencies than Buhari, in addition to more local loans even though he bragged that he stopped borrowing last August, which makes him a balablu propagandist liar of the worst kind.

Secondly, why has he failed to achieve his short term target of N300/$1 after almost three years of hitting the ground running and borrowing money to defend the Naira?

ijustdey:
Nigeria will pay an interest of 11.85 percent per annum on the $3.3 billion “pre-export finance facility” (PxF) facilitated by the Nigerian National Petroleum Company (NNPC) Ltd and arranged by Afrexim Bank, TheCable can report.

Until now, the fine details of the transaction, which has a five-year tenor, had been withheld by all parties involved.

A similar cocoa-backed $800 million facility arranged for Ghana by its cocoa marketing board attracts an interest of 8 percent per annum.

Bilateral lenders, such as the International Monetary Fund (IMF), would typically charge 1-3 percent with a longer tenor.

In the details seen by TheCable, Nigeria pledged a total of 164.25 million barrels of crude oil — at 90,000 barrels per day — starting from 2024 to repay the loan through Project Gazelle Funding Ltd, an “orphan” special purpose vehicle (SPV) incorporated in Bahamas for the PxF.

Effectively, the NNPC has pledged 38.58 percent of five years’ worth of tax and royalty oil to secure the loan.
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‘DOLLAR LIQUIDITY TO STABILISE THE NAIRA’

The national oil company announced in August 2023 that the PxF was to support the federal government “in its ongoing fiscal and monetary policy reforms aimed at stabilizing the exchange rate market”, describing it as “a relief for the naira”.

It called the facility “crude oil repayment” with an upfront cash loan “against proceeds from a limited amount of future crude oil production”.

At the time, the dollar exchanged for an average of N775 in the official market and N885 on the streets.

The rates have now moved to N1,035/$ (official) and N1,230/$ (parallel).

https://www.thecable.ng/exclusive-nigeria-to-pay-11-85-interest-on-3-3bn-afriexim-nnpc-loan-pledges-164m-barrels-as-security/amp

Dannieln1:
Are we cursed in Nigeria??
Cause I don’t understand the kind of leaders we keep getting.
More like demons stationed in hell to torture sinners

There are so many good leaders and good minds willing to change this country but their chances get crashed on the ballot while the bad, corrupt ones amass good votes from the people cos of their corrupt practices and evil ability to buy the peoples mind and conscience. It’s obvious we are doomed in the hands of Bola Ahmed Tinubu, a vision less leader who only came to destroy the nation.

How does a government increase Nigeria’s total debt from about ₦85 trillion to over ₦160 trillion in just 3yrs without any clear, direct impact on citizens: no fuel subsidies, no electricity support, no currency stability, and no meaningful investment in education or healthcare? No accountability on what has actually been achieved with over ₦65 trillion added to the debt portfolio.

And to add salt to injury, you still have keyboard warriors and deluded, miserable miscreants chanting, “on your manhood we stand.”

Olodo yaureeba government by all measurements

Very Olodoish in nature

You cannot see them captured in any positive data

All the wrong data you will see them there

Grabbers but useless to the nation Nigeria

yemre:
You can insult him all you want. The fact remains that he's not poor and he doesn't even know you exist!

Reno, you are a hungry fool, I repeat it.
When has speaking facts amount to insults?
Only an unstable person will tell you that white is white today and then turn around tomorrow to tell you that the same white is now yellow.

The fool hates to be confronted with facts, he has blocked me on X and Facebook because I keep exposing his hypocrisy.

oyebanji:
This is being clever by half. What is the dollar value of the loans for the 2 periods?
To put this in context, under Buhari, Naira to USD was averagely N320 while under Tinubu its averagle N1400. At Buharis N75trn and Tinubu's N65trn, loans under Burai is $234bn while same under Tinubu is $46bn.

And who is responsible for the rise in naira - dollar rate?

I wanted to know if Buhari debits wasn't carried over to Tinubu own?

oyebanji:
This is being clever by half. What is the dollar value of the loans for the 2 periods?
To put this in context, under Buhari, Naira to USD was averagely N320 while under Tinubu its averagle N1400. At Buharis N75trn and Tinubu's N65trn, loans under Burai is $234bn while same under Tinubu is $46bn.

you are not okay upstairs. Who took dollars from 320 to 1400? At least buhari was paying subsidy. Life wasn't as hell as this hell we are living in now. All the money they are saving from subsidy why aren't they using it to invest in projects that will ease the suffering of the common man. All of you supporting this satanic administration on the lines of tribe and religion will die a shameful death

Buhari once said we’re gonna miss him when he’s out of office and it’s happening…

Wff

I want to personally see these figures

BlackViper:
#Statisense
(Debt Management Office)

Source

The question is what is Tinumbu the emperor using the money for?
During Buhari, there are many social and economics purposes to which people can see. e.g Npower, Covid 19 relieve, Youth investment programm e.t.c.
Who can mention one tangible thing this man has done so far than inflicting pains on us.

President Bola Tinubu’s administration has actively cleared significant legacy debts, including finishing repayment of the $3.4 billion IMF Rapid Financing Instrument by May 2025 and approving the cancellation of ₦5.57 trillion in NNPC legacy debts. The government also paid ₦4.5 trillion in Ways and Means advances in 2024.

Key Debt Repayments and Reductions (2023–2026):

IMF Debt: Nigeria cleared its remaining legacy IMF debt, which was $472 million in July 2024 and fully paid by May 2025.

NNPC Debt: A total of ₦5.57 trillion and $1.42 billion in debts owed by the Nigerian National Petroleum Company Limited (NNPC) to the federation account was canceled/cleared.

Ways and Means: The federal government paid off ₦4.5 trillion of the outstanding Ways and Means loans.

Power Sector Debt: Over ₦501 billion was disbursed in January 2026 to settle arrears owed to gas producers and electricity generation companies (GenCos), according to Instagram post by nationalgridng.

External Debt Reduction: Nigeria's external debt decreased from $113.42 billion in 2023 to $94.22 billion by the end of 2024,

donmixc:
his headless mob are coming to defend him. if I talk now their tribal.ist mod brothers will ban me

Na dia way be that. He banned me and also removed my reply to you but I pass am by far

oyebanji:
This is being clever by half. What is the dollar value of the loans for the 2 periods?
To put this in context, under Buhari, Naira to USD was averagely N320 while under Tinubu its averagle N1400. At Buharis N75trn and Tinubu's N65trn, loans under Burai is $234bn while same under Tinubu is $46bn.

Who made the naira fall, by diverting funds to support it to other uses.

You are making buhari better actually.. buhari supported the naira with funds and still borrowed less.

Leave those people. Their issue is not a sold conscience but lack of sense

infohenry:
KiNow you will also agree with the increase in FAAC that Tinubu brag about is hoax, judging by your submission states got huge allocations during Bihari when compared to what they are getting now from Tinubu. Do you agree?

dalass:
FOREX.... Naira to Dollar rate is what makes it so. Naira is about 10 times cheaper now than buhari era...

So buhari supported naira with funds and tinubu removed the naira support funds and still borrowed more than buhari who spent on naira support?

TruthHurts1:
Buhari was paying trillions annually to subsidise fuel prices, yet Nigeria’s debt profile was 3 times lower under him.

Meanwhile Tinubu in his first two years in office has almost amassed the same amount of debt that Buhari accumulated after 8 years in office despite Tinubu not having to pay fuel subsidy.

I'm beginning to think we were unfair to Buhari

In 2022, the government used all its revenue to servixe debt. In 2023, it was expected to be 97% before Tinubu took office.

Today, less than 50% of govetnment revenue is used to service.

During Buharis term, the federal government resorted to ways and means, whivh is asking the central bank to print money to lend to the government. This is very inflationary.

Buhari's subsidization of the dollar and retention of the fuel subsidy wrecked the economy.

TruthHurts1:
Buhari was paying trillions annually to subsidise fuel prices, yet Nigeria’s debt profile was 3 times lower under him.

Meanwhile Tinubu in his first two years in office has almost amassed the same amount of debt that Buhari accumulated after 8 years in office despite Tinubu not having to pay fuel subsidy.

I'm beginning to think we were unfair to Buhari

How much is dollar now compared to buhari era?

How much is debt servicing ratio to revenue now compared to then?

How much revenue do you have now compared?

How much foreign reserve compared to then?

How much crude oil output is Nigeria producing now compared to then?

What is Nigeria's budget now compared to then?

Theirein lies all the answers,the tinubu govt is running a much bigger and robust economy than you had then.

BlackViper:
My question is, of what use are educational qualifications in Nigeria when it comes to judging competence?

How is it that a man who never saw the 4 walls of a university was better able to manage Nigeria’s economy than a man who was allegedly trained in one of the best universities in the United States?

Look around you, Nigerians worship man with money the reason a thief like Tinubu is in the highest office of our country.
Nigerians mentality about money is out of this world. Integrity has gone with the wind. Our leader know people can be easily bought with money.
Unfortunately, this pattern will continue till the end of time.
Regrettably, Nigerian is irredeemable.

Hmmm... But it'll be unfair to PBAT to domicile the debt in Naira because of how our naira has lost much value in the past 3 years. I think it's best to have the dollar figure for both administrations' debt records.

Any fishmonger who uses cat 🐈 🐱 as a watcher over fishes will record plenty losses.
Tinubu is the cat.

He made the sign in the beginning of his tenure, two fingers pointing at all of you, i interpret it as 'Oju yin ma bo'... Una go see shege, and shege we're seeing. Buhari made it clear "I am for nobody and am for everybody".

Moral of my post: No politician in Nigeria has your interest at heart, you stand alone even though you don't want to believe it... Politicians no send ur papa wether u be him supporter or not. Make we wise up my people.

iwaeda:
Tinubu is borrowing to make Nigeria poorer, companies are shutting down, road deserted due to high cost of transportation, people can't afford good housing, we are paying for darkness, but some people still want Tinubu to continue. I pity you in advance. Borrow SENSE. This is just the beginning of adversity. Even minimum wage is not paid by many government agencies.

God knows how to save His children who are sincere ..
God will punish those supporting evil APC
And when the riot burst out
God will make sure those fools are affected

He made the sign in the beginning of his tenure, two fingers pointing at all of you, i interpret it as 'Oju yin ma bo'(in yoruba) meaning 'Una go see shege', and shege we're seeing. Buhari made it clear "I am for nobody and am for everybody".

Moral of my post: No politician in Nigeria has your interest at heart, you stand alone even though you don't want to believe it... Politicians no send ur papa wether u be him supporter or not. Make we wise up my people.

Dannieln1:
Are we cursed in Nigeria??
Cause I don’t understand the kind of leaders we keep getting.
More like demons stationed in hell to torture sinners

It's a default by westerners..
This is what em they want to survive over there .. Nigeria will never work

oyebanji:
This is being clever by half. What is the dollar value of the loans for the 2 periods?
To put this in context, under Buhari, Naira to USD was averagely N320 while under Tinubu its averagle N1400. At Buharis N75trn and Tinubu's N65trn, loans under Burai is $234bn while same under Tinubu is $46bn.

I know someone will come up with this excuse We spend naira and by the end of the day we are going to convert naira to dollars when paying back.

Kingosytex:
Reno, you are a hungry fool, I repeat it.
When has speaking facts amount to insults?
Only an unstable person will tell you that white is white today and then turn around tomorrow to tell you that the same white is now yellow.

The fool hates to be confronted with facts, he has blocked me on X and Facebook because I keep exposing his hypocrisy.

Just as all can see that your first line here is not an insult.

Nigerians now had shifted their focus from questioning the way they are been governed to adapting to the challenges from d bad governance