₦airaland Forum

Buhari with subsidy, borrowed N87trn, but Tinubu without subsidy, borrowed N151trn in 3 years—Melaye


Dino Melaye, a former senator and chieftain of the African Democratic Congress, has criticised Nigeria’s current economic trajectory, comparing borrowing levels under former President Muhammadu Buhari and incumbent President Bola Ahmed Tinubu.



Speaking in a video shared ahead of the 2027 general elections, Melaye argued that Nigeria’s debt has risen sharply within a short period under the present administration. His remarks come as opposition figures, including Peter Obi and Atiku Abubakar, are reportedly working towards forming a coalition to challenge the ruling party.

Melaye questioned the impact of key economic reforms, particularly the removal of fuel subsidy, which was expected to ease fiscal pressure and reduce borrowing. According to him, this expectation has not been reflected in the country’s financial records.

He claimed that during Buhari’s administration, Nigeria accumulated about N87 trillion in debt while the subsidy regime remained in place. In contrast, he alleged that under Tinubu’s leadership, the country has recorded approximately N151 trillion in borrowing within three years, despite the removal of subsidy.


Using the comparison, Melaye raised concerns about the government’s fiscal policies, suggesting that the nation’s debt burden has worsened rather than improved. His comments add to growing public discourse on economic management, government spending, and the long-term implications of rising debt.

The development comes amid increasing political tension as the 2027 elections approach, with opposition groups intensifying efforts to present a united front. Meanwhile, debates continue among stakeholders, with supporters and critics offering differing perspectives on the effectiveness of current economic reforms

https://news-af.feednews.com/news/detail/d4d9c0d73c9ae7d12bb2fb803d6e692d?client=news

And he has no major capital projects ongoing except Coastal high way and so many phools are defending and supporting him. Black Africans seem to be cursed

At least he is making good use of the funds.

We are seeing projects and reforms been done


Let him borrow $100b Sensible Nigerians are with PRESIDENT TINUBU Till 2031.

This is indeed troubling. The level of debts is indeed too much.

Tinubu na SCAM

If they explain Nigeria give you and you understand then you must be mad. You must be on colos.

Tinubu would have used the model Buhari used in funding his road projects. Simply get a loan funded project from china and executed by CCECC📌💯. That coastal road will suffer setbacks if Emilokan is booted out. It's kickbacks that will finish emilokan 🤷🏿.

So phetectic the debt is too much,
Buhari with subsidy, borrowed N87trn, but Tinubu without subsidy, borrowed N151trn in 3 years

Shollay20:
So phetectic the debt is too much,
Buhari with subsidy, borrowed N87trn, but Tinubu without subsidy, borrowed N151trn in 3 years

Administration Borrowing (₦) FX Rate Borrowing ($)
Buhari ₦87tn ~₦400/$ ~$220bn
Tinubu ₦151tn ~₦1,400/$ ~$105bn

The poor mathematicians are not even interested in using the dollar rate they taunted about in the past

Dino is now a content creator

jaybee3:
Administration Borrowing (₦) FX Rate Borrowing ($)
Buhari ₦87tn ~₦400/$ ~$220bn
Tinubu ₦151tn ~₦1,400/$ ~$105bn

The opposition and their supporters are just so confused.

If the news is about high FX, they will be the one to use dollar rate for the argument but here, they are dumb

jaybee3:
Administration Borrowing (₦) FX Rate Borrowing ($)
Buhari ₦87tn ~₦400/$ ~$220bn
Tinubu ₦151tn ~₦1,400/$ ~$105bn

So who is responsible for that tinubu or buhari because buhari leave dollars #400 to dollars to tinubu.

Ofunaofu:
Buhari with subsidy, borrowed N87trn, but Tinubu without subsidy, borrowed N151trn in 3 years—Melaye


Dino Melaye, a former senator and chieftain of the African Democratic Congress, has criticised Nigeria’s current economic trajectory, comparing borrowing levels under former President Muhammadu Buhari and incumbent President Bola Ahmed Tinubu.



Speaking in a video shared ahead of the 2027 general elections, Melaye argued that Nigeria’s debt has risen sharply within a short period under the present administration. His remarks come as opposition figures, including Peter Obi and Atiku Abubakar, are reportedly working towards forming a coalition to challenge the ruling party.

Melaye questioned the impact of key economic reforms, particularly the removal of fuel subsidy, which was expected to ease fiscal pressure and reduce borrowing. According to him, this expectation has not been reflected in the country’s financial records.

He claimed that during Buhari’s administration, Nigeria accumulated about N87 trillion in debt while the subsidy regime remained in place. In contrast, he alleged that under Tinubu’s leadership, the country has recorded approximately N151 trillion in borrowing within three years, despite the removal of subsidy.


Using the comparison, Melaye raised concerns about the government’s fiscal policies, suggesting that the nation’s debt burden has worsened rather than improved. His comments add to growing public discourse on economic management, government spending, and the long-term implications of rising debt.

The development comes amid increasing political tension as the 2027 elections approach, with opposition groups intensifying efforts to present a united front. Meanwhile, debates continue among stakeholders, with supporters and critics offering differing perspectives on the effectiveness of current economic reforms

https://news-af.feednews.com/news/detail/d4d9c0d73c9ae7d12bb2fb803d6e692d?client=news

Despite Covid 19 and the global economy recession during PMB!!

His second term ,you guys will see pro max. You guys are yet to see anything.. Hopefully he doesn't sell the country and collect cash

After all he has got nothing to loose this time around

If not for Bukola Saraki do you know how much Buhari would have borrowed?..... Remember Tinubu and Buhari are the same.

helinues:
The opposition and their supporters are just so confused.

If the news is about high FX, they will be the one to use dollar rate for the argument but here, they are dumb

Do you need a job?