₦airaland Forum

AqualinaXYZ:
See APC members messiah



Tinubu and working with thieves



Anyways what do u expect from a character like Tinubu that is a known drug lord and a thief

tiger28:
Reno is such an asset………..

Because his rebuttals are ALWAYS based on FACTS!

kenex4ever:
Brai*l*ss Reno.

Did they spend the money in dollar

You people are busy celebrating that Tinubu is giving governors more money in Naira than previous admins, whereas if u convert to dollar, its actually less money.

So you chose the currency that favours your narrative.

floss:
Wait ooo is there any difference between Apc under Buhari and Apc under Tulumbu ?

Are they trying to say that Buhari government mismanaged Nigeria money and Tulumbu’s government is rescuing it ?

lol , is it not this same Tulumbu that said before Buhari during one of his campaign

“You’ve done incredibly well and I’ll continue from where you stopped “

More over why try to paint Buhari government bad because he’s dead now….this same Tulumbu said Nigerians should hold him responsible if Apc fails during Buhari campaign…,did Apc not fail during Buhari tenure or not ?

What I expect Apc to be doing is measuring their performance from Buhari tenure till now and not painting Buhari government as bad while Tulumbu government is worse than Buhari’s

AqualinaXYZ:
See APC members messiah



Tinubu and working with thieves



Anyways what do u expect from a character like Tinubu that is a known drug lord and a thief

Guestmale:
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,

Guestmale:
Monthly allocations from the Federation Account Allocation Committee (FAAC) to Nigerian states have increased significantly. Total disbursements surged by approximately 30% in 2025 compared to 2024. States received over ₦6.73 trillion in the first 11 months of 2025, with monthly disbursements frequently exceeding ₦500 billion and rising, with a 7.18% increase noted in early 2026.

Key details regarding the increased allocations include:
Massive Growth: State allocations jumped from ₦3.58 trillion in 2023 to ₦5.81 trillion in 2024, representing a 62% increase, and continued upward in 2025.

2025 Monthly Trend: Monthly allocations to states reached peaks, such as ₦727 billion in September 2025, from lower figures earlier in the year.

2026 Outlook: January 2026 saw a net allocation of ₦703.26 billion to states, driven by higher oil prices and revenue initiatives.
Drivers: The increase is attributed to improved revenue, including higher oil prices, VAT growth, and exchange rate gains, particularly after the removal of fuel subsidies.

By Businessday NG

Bentacur007:
Reno trying to cover Tinubu mess everyday but it’s not working

SeeWahala:
it's like you weren't around this forum in early 2023 when Seun himself collected money to run anti Peter Obi/LP advertisements on his forum for everyone to see

Seun is a sellout, always has and always will be 🤗

Memphis357:
Seun Osewa has sold Nairaland to the APC since 2015. Nairaland has been the mouthpiece of the APC since then

ZombieTERROR:
Reno is a lying machine

Nothing good can come out of Reno

Bunch of hypocrites

SeeWahala:
See, right from the day Seun made it practically impossible for other forum members to quote mannababaqgrillz to scold him concerning his "darling daddy" buhari shenanigans was the moment we all realised exactly what they were all up to on this forum

SixSeven:
Time changes yesterday.

joandavidleonha:
Fact-Check: How @Daily_Trust Lied About Nigeria's Debt Profile Under Tinubu




Source

AqualinaXYZ:
See APC members messiah



Tinubu and working with thieves



Anyways what do u expect from a character like Tinubu that is a known drug lord and a thief

Guestmale:
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,

Nigeria’s public debt hits N149.39 trillion in Q1 2025 – DMO

Nigeria’s total public debt rose to N149.39 trillion as of March 31, 2025, marking a year-on-year increase of N27.72 trillion or 22.8% when compared to the N121.67 trillion recorded in the corresponding period of 2024.

The latest figures from the Debt Management Office (DMO) also indicate a quarter-on-quarter increase of N4.72 trillion or 3.3% from N144.67 trillion as of December 31, 2024.

This consistent upward trajectory in Nigeria’s debt stock reflects both fresh borrowings and the impact of a depreciating exchange rate on external debt obligations.
@
@
Domestic debt nears N79 trillion, driven by fresh borrowings

- The domestic component of Nigeria’s debt also maintained an upward trend, reaching N78.76 trillion ($51.26 billion) at the end of March 2025.
- This reflects a year-on-year increase of N13.11 trillion or 20% from N65.65 trillion ($49.35 billion) in March 2024.
- ⁠On a quarterly basis, domestic debt rose by N4.38 trillion or 5.9%, up from N74.38 trillion in December 2024.
- The Federal Government alone accounted for N74.89 trillion of this total, while the 36 states and the Federal Capital Territory (FCT) jointly held N3.87 trillion. Interestingly, state-level domestic debt declined slightly from N3.97 trillion in Q4 2024 and from N4.07 trillion in Q1 2024, settling at N3.87 trillion by the end of March 2025.

https://nairametrics.com/2025/06/28/nigerias-public-debt-hits-n149-39-trillion-in-q1-2025-dmo/

bentenny:
If the increase is attributed to the highlighted,then why does the FG constantly keep borrowing?
Can't the current windfalls in higher crude price assist in providing such funds?
That can be likened to a man that can afford to buy food but yet he can't help but borrow before he can eat!

You keep posting about improved revenue, including higher oil prices, VAT growth, and exchange rate gains, particularly after the removal of fuel subsidies but yet nothing trickles down to the common man in terms of purchasing power,reduced cost of living,easy access to proper health care and education.
This can be likened to a wealthy man with a fat bank account yet his wife and children are living in abject poverty!

Guestmale:
President Bola Tinubu's administration has initiated a massive, nationwide road construction and rehabilitation program, heavily focusing on using reinforced concrete technology for durability and long-term value, targeting a 50–100 year lifespan. The Ministry of Works, under Senator Dave Umahi, is implementing these projects to improve connectivity across all six geo-political zones.

Here are key aspects of road construction under the Tinubu administration:

1. Major Legacy and Ongoing Projects
Sokoto-Badagry Superhighway: A massive 1,000-km-plus project connecting Nigeria's northern and southern regions, traversing Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos. Construction began in 2024, with significant work in the Kebbi section using concrete paving.

Lagos-Calabar Coastal Highway (Phase 1): Construction of a 47.7-km section in Lagos began in March 2024, with a planned completion for Phase 1 by May 29, 2025. This project aims to integrate rail transport and boost coastal trade.

Abuja-Kaduna-Zaria-Kano Dual Carriageway: Accelerated under the current administration, this 164-km project saw renewed funding and a target for completion to ease transport bottlenecks.
Abuja-Lokoja-Benin Road: Undergoing rehabilitation and dualization with concrete technology to ensure durability.
Oyo-Ogbomoso Road: A key project re-awarded to Messrs JRB Construction Co. Ltd. at N147.89 billion for completion in 2025.

2. Key Initiatives & Strategy
Concrete Technology: The administration has adopted rigid pavement (concrete) construction for major roads to tackle the poor condition of road networks and enhance sustainability.
Funding Mechanism: Projects are funded through various models, including tax credits (e.g., MTN for Enugu-Onitsha Expressway, BUA for Bode Saadu-Kaima-Kosubosu road) and public-private partnerships (e.g., Benin-Asaba superhighway).

Focus on Infrastructure: The federal government has expressed commitment to fixing critical roads nationwide to enhance food security, agriculture, and tourism.


3. Key Road Projects by Location
North: Akwanga–Jos–Bauchi–Gombe–Maiduguri road; Abuja-Kaduna-Zaria-Kano road.

South: Lagos-Calabar Coastal Highway; Enugu-Onitsha Expressway; Benin–Asaba Superhighway; Third Mainland Bridge rehabilitation.

AqualinaXYZ:
See APC members messiah



Tinubu and working with thieves



Anyways what do u expect from a character like Tinubu that is a known drug lord and a thief

Lithiumite:
Same way its deceitful fir you to quote tinubu's debt on naira knowing fully well the currency has been devalued and would only make the naira debt value look alarming just to embarras the govt......thats why obidients are regarded as unintelligent reactionaries who dont think deeply and dwell always on propaganda and sensationalism in the place of fact and emotional intelligence, thats why their choice for who should lead the country cant be trusted.