₦airaland Forum

I'm beginning to feel the borrowing is a scam because how do you keep borrowing a nation without anything to show for it??

PlasmaTV:
Tinubu is a disaster. Borrowing to fund his lavish lifestyle. And his supporters are supporting madness.

They'll come and insult Obi and Igbo people. I don't understand it. I don't.

owobokiri:
You should know by now that I am not the type you chase around with your APCs propaganda talking points..
Below are the facts, deal with it.
You kwurupt lot elected a government that is solely interested in increasing taxes and looting the country bare...
History will remember all of you for this infamy..

anonimi so this is your alternate Monika?

U should know I will never exchange anything with u

I didn't even bother to read your gibberish

BATified2023:
anonimi so this is your alternate Monika?

U should know I will never exchange anything with u

I didn't even bother to read your gibberish

anonimi kee u dia..
Who be anonimi?
All of a suddenly you don't want to read again...

Funkyswagzz:
He paid 10 billion dollars and borrowed more than that what exactly are you trying to prove. You service your debt with over 1.5 trillion every 3onths please how can you justify that?

Go and read the break down of the debts here...
https://www.premiumtimesng.com/news/headlines/808873-senate-approves-external-borrowing-plan-of-21-5bn-n757bn-pension-bond-arrears.html?tztc=1


All the monies he is borrowing are part of the $21.5 billion MTEF the Senate approved for him in 2025.

Moreover,every Nigerian sees what he is using the money for as in massive projects and social welfare all over Nigeria unlike Jonathan et al who embezzled the humongous revenue,the reserve and loans that accrued to Nigeria then.

Putinofrussia:
Go and read the break down of the debts here...
https://www.premiumtimesng.com/news/headlines/808873-senate-approves-external-borrowing-plan-of-21-5bn-n757bn-pension-bond-arrears.html?tztc=1


All the monies he is borrowing are part of the $21.5 billion MTEF the Senate approved for him in 2025.

Moreover,every Nigerian sees what he is using the money for as in massive projects and social welfare all over Nigeria unlike Jonathan et al who embezzled the humongous revenue that accrued to Nigeria then.

Lies upon lies. After claiming massive projects and reforms, they’re still afraid of votes counting

Tinubu is a known criminal Gani wanted is ass in prison which would have saved us from all this madness.

Borrow2222:
Like PO said, we truly have a serious problem in Nigeria now.

That APC still has supporters is what I don’t understand despite the glaring evidence of gross incompetence.

Gross 'incompetence' that offset $5billion FX backlog and ensured airlines returned back to operation, 'gross incompetence that raised foreign reserve to almost $50billion. You think governance is only about selling crude oil in advance to pay fuel subsidy and subsidise Naira?
Obi was being mischievous in the figure he Stated. He should have stated the dollar equivalent of what fPMB and PBAT borrowed. How do you expect the Naira equivalent of dollar when exchange rate was ₦460/$ to be lower than when exchange rate is almost ₦2000/$?

Original suffer head, una dey duffer dey smile,,just tell me what good has come out of this party since 2015? I don't support any party or politicians o,but just think and tell me

jogojogo:
Peter Obi is very dull.
He should continue trading please
How does one live his life lying all day ceaselessly?

This is absurd,considering the way tinubu is behaving at his first term will give you a glimpse of things to come.

Nigeria is not working

Who dey borrow them money self I think rules of borrowing should be pay before you borrow another ??

givedemwotowoto:
President Tinubu has borrowed close to N200 Trillion naira with nothing to show for it, after taking away petrol subsidy

High insecurity, the worst in Nigeria's history — Little to no effort in fighting it.

Economy is in shambles, no meaningful economic impact on the citizens.

Highest poverty rate on the entire planet — Nigeria has more poor people than India, the most populous country in the world.

High corruption everywhere, lack of transparency, executive influence on the judiciary and legislative.

Shege Pro Max tax coming — it has been put on hold due to 2027 elections.

Stand up and fight against re-electing this government because your life for the next 4 years depends on it: insecurity, more taxes, more impunity, more hardship and so on. If it doesn't affect you directly, it will affect your neighbor and when they have nothing to eat, they will come knocking

This man must never be president! He will kill the country with his "I too know"

givedemwotowoto:
Lies upon lies. After claiming massive projects and reforms, they’re still afraid of votes counting

half truths and flat out lies everywhere. The debts were borrowed in dollars and will be paid in dollars. So, stop all these silly conversions.

If Nigeria is a western country, tinibus will not only be booted out in 2027, he will be jailed for life for destroying the future of the country. Nigerians are in deep pain and suffering, and their future is bleak.

this govt should be voted out of power the suffering will be too much if they win for another 4 years ...the country will become ungovernable

demstone:
SO IN REAL TERMS NIGERIAS DEBT HAS REDUCED BY ABOUT 10BILLION DOLLARS BUT INCREASED DUE TO NAIRA DEVALUATION NOT BORROWING

SO OBI AS USUAL LIED TO HIS GULLIBLE FOLLOWERS

Bros slow down to dey lie. It has increased.

Lekan239:
lol, If we compare Tinubu’s borrowing with Buhari’s, it’s not as simple as saying one is just borrowing more.
During Buhari’s time, the naira was stronger against the dollar, around 750 to 800 naira per $1. Now it is around 1,360 per $1. So if Nigeria owes, for example, $1 billion, the amount in naira terms will automatically look much bigger today even if the dollar amount has not increased. That is because the naira has lost value, not necessarily because more money was borrowed.
Also, since Tinubu came in, there have been several major spending commitments. Student loans were introduced, salaries were increased for police, teachers, military, and NYSC members, and some outstanding arrears for doctors were paid. There are also more federal road projects going on compared to previous years, and state allocations have increased significantly, in some cases two to three times higher.
All these things require a lot of money.
So the question is, where is the government getting the funds from to cover all these expenses? It is not like the money is coming from nowhere.

How do you borrow to do student loans? It makes no sense

owobokiri:
You should know by now that I am not the type you chase around with your APCs propaganda talking points..
Below are the facts, deal with it.
You kwurupt lot elected a government that is solely interested in increasing taxes and looting the country bare...
History will remember all of you for this infamy..

lol
Underfunding of projects but massive projects are ongoing all over Nigeria without stop unlike in previous govts where they just pushed out the monies,embezzled them without executing any project.
Nigerians will never allow scammers and rogues near the seat of power again.

kunle4toyeyaho:
Gross 'incompetence' that offset $5billion FX backlog and ensured airlines returned back to operation, 'gross incompetence that raised foreign reserve to almost $50billion. You think governance is only about selling crude oil in advance to pay fuel subsidy and subsidise Naira?
Obi was being mischievous in the figure he Stated. He should have stated the dollar equivalent of what fPMB and PBAT borrowed. How do you expect the Naira equivalent of dollar when exchange rate was ₦460/$ to be lower than when exchange rate is almost ₦2000/$?

Oga go and sit down.

Misterone:
half truths and flat out lies everywhere. The debts were borrowed in dollars and will be paid in dollars. So, stop all these silly conversions.

Dude just sit this one out. It is above your level of understanding.

Putinofrussia:
lol
Underfunding of projects but massive projects are ongoing all over Nigeria without stop unlike in previous govts where they just pushed out the monies,embezzled them without executing any project.
Nigerians will never allow scammers and rogues near the seat of power again.

The only massive project is coastal road bro and even at that we were told that govt will provide 30% funding, and even at that there is no transparency as to if the funding was planned for in the budget. Please this scope of massive projects is too stale. The last time Nigeria ever saw a massive project of huge scale was LNG in Bonny during Abacha. So forget all these lies of massive projects

givedemwotowoto:
President Tinubu has borrowed close to N200 Trillion naira with nothing to show for it, after taking away petrol subsidy

High insecurity, the worst in Nigeria's history — Little to no effort in fighting it.

Economy is in shambles, no meaningful economic impact on the citizens.

Highest poverty rate on the entire planet — Nigeria has more poor people than India, the most populous country in the world.

High corruption everywhere, lack of transparency, executive influence on the judiciary and legislative.

Shege Pro Max tax coming — it has been put on hold due to 2027 elections.

Stand up and fight against re-electing this government because your life for the next 4 years depends on it: insecurity, more taxes, more impunity, more hardship and so on. If it doesn't affect you directly, it will affect your neighbor and when they have nothing to eat, they will come knocking

Well spoken. You just spoke my mind. 👍

Borrow2222:
Like PO said, we truly have a serious problem in Nigeria now.

That APC still has supporters is what I don’t understand despite the glaring evidence of gross incompetence.

Honestly, it is very disappointing how they (APC data boys) try to find something meaningful out of every error and disastrous move this government make.

UR OBI SAID THAT DEBT IS 200TRILLION IN 2024 WEN EXCHANGE RATE WAS $2000/${ $103B * 2000= 206TRILL} ND REPEAT SAME NOW DAT EXCHANGE RATE HAS GAINED TO #1350/$

WHY ARE U ACTING LIKE PERSON WEY NO GO SCHOOL

Irony1:
Bros slow down to dey lie. It has increased.

givedemwotowoto:
President Tinubu has borrowed close to N200 Trillion naira with nothing to show for it, after taking away petrol subsidy

High insecurity, the worst in Nigeria's history — Little to no effort in fighting it.

Economy is in shambles, no meaningful economic impact on the citizens.

Highest poverty rate on the entire planet — Nigeria has more poor people than India, the most populous country in the world.

High corruption everywhere, lack of transparency, executive influence on the judiciary and legislative.

Shege Pro Max tax coming — it has been put on hold due to 2027 elections.

Stand up and fight against re-electing this government because your life for the next 4 years depends on it: insecurity, more taxes, more impunity, more hardship and so on. If it doesn't affect you directly, it will affect your neighbor and when they have nothing to eat, they will come knocking

Cry cry baby ,lolzzzz

Irony1:
Dude just sit this one out. It is above your level of understanding.

Stop talking nonsense! Your propaganda will not work. Tinubu till 2031

Irony1:
How do you borrow to do student loans? It makes no sense

your guys will just one way or the other find something to say once you are not in support of the person, u always find a way to discredit,
Example if someone u dont like give 1000 people who are hungry rice, and pne of them choked due to how fast he was eating, you guys will come out and say why did he give them rice, didnt he know it will choke them, why not give them garri. Or chicken.

So I see no reason to explain anything to you. Where or which news did you ever see that Nigeria hovt borrowed loan directly to give student loan?. And who told you it does not make sense for the givt to borrowed loan to give student loan

Lekan239:
lol, If we compare Tinubu’s borrowing with Buhari’s, it’s not as simple as saying one is just borrowing more.
During Buhari’s time, the naira was stronger against the dollar, around 750 to 800 naira per $1. Now it is around 1,360 per $1. So if Nigeria owes, for example, $1 billion, the amount in naira terms will automatically look much bigger today even if the dollar amount has not increased. That is because the naira has lost value, not necessarily because more money was borrowed.
Also, since Tinubu came in, there have been several major spending commitments. Student loans were introduced, salaries were increased for police, teachers, military, and NYSC members, and some outstanding arrears for doctors were paid. There are also more federal road projects going on compared to previous years, and state allocations have increased significantly, in some cases two to three times higher.
All these things require a lot of money.
So the question is, where is the government getting the funds from to cover all these expenses? It is not like the money is coming from nowhere.

so this Tinubu economics and Buharis own which is better

I mean the economics of a stronger naira like you mentioned against the loss value caused by Tinubu

Didijiji:
so this Tinubu economics and Buharis own which is better

I mean the economics of a stronger naira like you mentioned against the loss value caused by Tinubu

let me ask you a question. which is better between: Govt subsidising the dollar using our naira, fixing the exchange rate using subsidy and creating official rate and parallel rate, allowing only few set of people who have connections who can get dollars at cheap officials price, take the dollar to the black market and sell at parallel market rate. The buhari system only reward those set of people and they are just 0.1percent of Nigeria's population.

When Tinubu came, he floated the naira, and allow the market to decide its true rate, removing the corrupt practice done by the few who can assess dollar cheap and sell high. This allow the naira to attain its real value and it fall drastically and attain its real value. So its the market that determines the value of the naira now, not the government.

So the question u ask me is still for you to decide. Here is a way to think about it.

If you believe that a stable but fake number is better, and you could tolerate a system that was broken and corrupt, then you might prefer the Buhari era. The pain was slow and grinding, and the true cost was hidden.

If you believe that facing a painful truth head-on is the only way to build a real and better future, then Tinubu's economics is better. He has taken a huge gamble. He caused immediate, severe pain to fix a problem that Buhari ignored for eight years. But the early signs the naira's first annual gain in over a decade, the jump in government revenue, the export boom are the first green shoots of a potentially healthier economy.

No one can say for sure if Tinubu gamble will pay off. But if Nigeria keeps bringing on leaders who refuse to make painful but necessary changes, the country will remain stuck in the same cycle. Tinubu's approach, for all its current hardship, at least offers a different path.

Borrow2222:
Like PO said, we truly have a serious problem in Nigeria now.

That APC still has supporters is what I don’t understand despite the glaring evidence of gross incompetence.

Its not hard to understand, tribal sentiments, religious affiliation and personal interests explains it all

Lekan239:
let me ask you a question. which is better between: Govt subsidising the dollar using our naira, fixing the exchange rate using subsidy and creating official rate and parallel rate, allowing only few set of people who have connections who can get dollars at cheap officials price, take the dollar to the black market and sell at parallel market rate. The buhari system only reward those set of people and they are just 0.1percent of Nigeria's population.

When Tinubu came, he floated the naira, and allow the market to decide its true rate, removing the corrupt practice done by the few who can assess dollar cheap and sell high. This allow the naira to attain its real value and it fall drastically and attain its real value. So its the market that determines the value of the naira now, not the government.

So the question u ask me is still for you to decide. Here is a way to think about it.

If you believe that a stable but fake number is better, and you could tolerate a system that was broken and corrupt, then you might prefer the Buhari era. The pain was slow and grinding, and the true cost was hidden.

If you believe that facing a painful truth head-on is the only way to build a real and better future, then Tinubu's economics is better. He has taken a huge gamble. He caused immediate, severe pain to fix a problem that Buhari ignored for eight years. But the early signs the naira's first annual gain in over a decade, the jump in government revenue, the export boom are the first green shoots of a potentially healthier economy.

No one can say for sure if Tinubu gamble will pay off. But if Nigeria keeps bringing on leaders who refuse to make painful but necessary changes, the country will remain stuck in the same cycle. Tinubu's approach, for all its current hardship, at least offers a different path.

Lekan, I will answer you sentence by sentence

1. A few set of persons getting dollars and favors: Tinubu has a few persons, 35 in number called governors who received trippled allocations with very little to show for them. Allow me call them cabals as you guys please to call. Buhari's cabal favored the masses as life was affordable. Tinubu's cabal is the worst ever in this country because they loot what is received except for a few like Enugu and Abia governors. This allocation seems like it was used to force them to the APC. The masses prefer Buhari's cabal please. This one NA SCAM

2. So to you now, the current value of the Naira is the true value abi. Tell me if Subsidy is evil as you people are painting it to be now. I am yet to know why a government intervention will be termed as evil. A failed government just looking for where to hide their cluelessness. Nigeria under Tinubu has the worst inflation figures in the entire west africa

3. Give Tinubu 16 years as President, Nigeria will be worse than south sudan

QUOTE ME ANYDAY ANY TIME

gidgiddy:
Its not hard to understand, tribal sentiments, religious affiliation and personal interests explains it all

Yes, it is true that many Nigerians still support APC because of tribal sentiments, religious affiliation, and personal interests. That is not a lie. Some people will support Tinubu just because he is from the South-West. Some Christians will not vote for a Muslim-Muslim ticket. Some people get contracts, appointments, or small cash gifts from APC politicians. So they will support APC no matter what.

But that is not the full truth. The same thing happens on the other side too. Opposition supporters also stick to their own candidates because of tribe, religion, or personal interest. Many people who support Peter Obi do so because he is from their tribee. Many who support Atiku do so because he is Fulani. So you are pointing a finger at APC while ignoring that your own side does the same thing. That is hypocrisy.

You are also blinded by your own bias. That is why you cannot see what Tinubu is actually doing.

He removed the fuel subsidy that was stealing money from all of us for years. He stopped the government from fixing the dollar rate, which was a hidden subsidy that made a few people rich while the rest of us suffered. Under his watch, the naira gained value for the first time in 13 years. Government revenue went up. Foreign debt went down.

Does that mean everything is perfect? No. Inflation is high. Many people are struggling. But change was never going to be easy after eight years of Buhari hiding the problems.

You call it incompetence. I call it facing the truth. The problem is you have already chosen your side. So no matter what Tinubu does, you will call it bad. That is not analysis. That is just politics and sides. Exactly what you accused APC supporters of doing.

Didijiji:
Lekan, I will answer you sentence by sentence

1. A few set of persons getting dollars and favors: Tinubu has a few persons, 35 in number called governors who received trippled allocations with very little to show for them. Allow me call them cabals as you guys please to call. Buhari's cabal favored the masses as life was affordable. Tinubu's cabal is the worst ever in this country because they loot what is received except for a few like Enugu and Abia governors. This allocation seems like it was used to force them to the APC. The masses prefer Buhari's cabal please. This one NA SCAM

2. So to you now, the current value of the Naira is the true value abi. Tell me if Subsidy is evil as you people are painting it to be now. I am yet to know why a government intervention will be termed as evil. A failed government just looking for where to hide their cluelessness. Nigeria under Tinubu has the worst inflation figures in the entire west africa

3. Give Tinubu 16 years as President, Nigeria will be worse than south sudan

QUOTE ME ANYDAY ANY TIME

WOW. You are also blaming Tinubu for the incompetence of Govornors now?. You have forgotten under the Nigeria constitution, the president cannot remove a govornor, they did not report to the president, he did not elect them, he cannot question them, and he cannot fire them. If a govornor is failing, blame the people of that state who elected him. You cannot hold the president responsible for the choices of 35 seperate state government. That is not how democracy works.

Now let's check some of ur claims that you mebtion against the fact.

On the allocation aspect, you are right state allocation have increased drastically and local government now received allocation directly, that is kudos to Tinubu government, though some govornors are failing to show result. But you are wrong that everyone prefers Buhari's era. That system had a hidden subsidy that made a few connected people rich. Many Nigerians are struggling now because the government is finally removing those old systems. It's painful, but it's not a scam. It's a necessary change.. I'm not in support of any party, but I can see good system when I see one, and I hoped for it to work.

You're right that Nigeria's inflation is the highest in West Africa right now, I agree. That is a fact. But you're wrong to say the old subsidy system was a good thing. That system was not helping the masses. It was a machine for corruption. And the Naira you see today is its real market value. The old fixed rate was a lie.

On Tinubu and South Sudan, That is your opinion, not a fact. South Sudan is the poorest country in the world. Nigeria is not there, and there is no evidence it will get there. You can disagree with Tinubu's policies, but that statement is just an exaggeration

So let's just be honest. The economy is hard we know. Inflation is also high. But the problems we face today are the result of decades of bad policies, not just the last two years. Removing the fake exchange rate and the fuel subsidy was always going to cause pain. The question is whether that pain will lead to something better. That is what we are waiting to see. That is what I'm waiting to see.

Feel free to quote me anytime.