Tinubu Seeks Senate Approval For Fresh $516m Loan - Politics (4)

Tinubu Seeks Senate Approval For Fresh $516m Loan - Politics (4) - Nairaland

Nairaland Forum › Nairaland General › Politics › Tinubu Seeks Senate Approval For Fresh $516m Loan (14200 Views)

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by naijanaso: 4:08pm On Apr 23

This is more than too much now. These people should just stop. Borrow and then put the burden on citizens via tax and every element of hardship. Na waohhh

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by rafcrown(m): 4:08pm On Apr 23

What a great legacy.He will soon borrow money from Chad Republic.

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by JohnBullMySon: 4:09pm On Apr 23

boxypane:
Right and wrong. The infrastructures have economic importance, but no social safety nets to cushion the stomach infrastructure part.

What is the travel and transport demand between Sokoto and Badagry that justifies the need for a superhighway?

Same issue with the coastal road and a lot of other government projects. Misplaced priorities. A lot of money being pushed into projects whose economic importance does not justify the amount spent. Meanwhile, existing roads are in bad condition.

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Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by L0wk3y(m): 4:18pm On Apr 23

simpleseyi:
.
You mean he who have shared the money to Nigeria’s youths to buy hard drugs and alcohol?

What happened to building schools and hospitals?
Atleast it'd have helped save me from the nonsense you typed up there that you can’t even spell correctly.
Nigerian youths will be on whatever they’re on until the country and government change the state of things. The people joining boko haram, iswap, lakorawa and co you think it’s because they went to school, graduated and have good healthcare and stable jobs for themselves and their family?
They have no choice, they’ve been wasting away for years…then someone came, taught them the wrong things, educated them in Sunni faith, made them feel like they belong and gave them guns telling them to “take back what they’re owed” because the society always marginalized them!
I can never rationalize terrorism…but the government is the biggest motivation behind this jihadist movements.

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by doncartel: 4:19pm On Apr 23

I thought this man has first class in accounting and financial management. Ok na oluwole. Oya Peter Obi, educate them on how a government can succeed without borrowing a kobo.

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by Angel1696: 4:24pm On Apr 23

ogaemma:
Why did Tinubu removed fuel subsidy if he will continue to borrow up and down?
One of the main reasons to remove the fuel subsidy is to reduce or stop borrowing.
The purpose why subsidy was removed have been failed.
Tinubu is far worst than Buhari.

That Man is anti Nigeria

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Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by Ifyz0001: 4:29pm On Apr 23

Which car wan to run 1000km at a stretch?

I use God beg the deutch bank not to issue him this loan.

Ha

iwaeda:
https://www.vanguardngr.com/2026/04/breaking-tinubu-seeks-senate-approval-for-fresh-516m-loan/

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by Emzedz: 4:38pm On Apr 23

Useless tinibu n loans.. very useless ruler.. wia is all d money frm subsidy, immigration dues, NRS, customs etc.. corrupt tinibu must do jail

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Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by Putinofrussia: 4:38pm On Apr 23

L0wk3y:
Abeg…out of the N200 trillion naira($148,000,000,000) borrowed soo far in the last 3years what infrastructure have they built with it?
If them build infrastructure finish and boko haram still burns down villages, military camps, army bases and public places of worship isn’t that counter intuitive?
If everyone is killed by terrorists and Islamic extremists who will be there to use the infrastructure?
Lastly abeg who will pay this loans back?, is it when everyone is either dead or has japa?

This is why I said most of us in the opposition are illiterates or half lirerates.

According to DMO as of April 2026, Nigeria’s total public debt has reached approximately $110.97 billion (₦159.28 trillion) as of December 2025 data, with further debt approved in 2026, including a fresh $6 billion loan. Tinubu's administration has accumulated over $21 billion in new foreign loan approvals for the 2025–2026 budget to tackle infrastructure and budgetary deficits.
All the debts Tinubu has taken personally including the MTEF of $21.5 billion that he is collecting in piecemeal (it will end by Dec 2026 with some part of 2027) is around $32 billion dollars.
We should also remember that he has paid off almost $11 billion.
Nigerians joy is that the loans are being used for infrastructures that we can use,Educational subsidies and social welfare at al.

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Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by snowball11(m): 4:42pm On Apr 23

ogaemma:
Why did Tinubu removed fuel subsidy if he will continue to borrow up and down?
One of the main reasons to remove the fuel subsidy is to reduce or stop borrowing.
The purpose why subsidy was removed have been failed.
Tinubu is far worst than Buhari.

He removed it so as to steal more from the money he's borrowing presently. If the fuel subsidy was still in place, he would have been paying significant portion of the borrowed monies to fuel subsidy and thereby, having little too loot! grin

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Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by Skullminers1: 4:45pm On Apr 23

ogaemma:
Why did Tinubu removed fuel subsidy if he will continue to borrow up and down?
One of the main reasons to remove the fuel subsidy is to reduce or stop borrowing.
The purpose why subsidy was removed have been failed.
Tinubu is far worst than Buhari.

My dear if you ask me na who I go ask.
If you talk now his zombies will find thousands excuses to defend his borrowing spree

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Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by boxypane: 4:46pm On Apr 23

JohnBullMySon:
What is the travel and transport demand between Sokoto and Badagry that justifies the need for a superhighway?

Same issue with the coastal road and a lot of other government projects. Misplaced priorities. A lot of money being pushed into projects whose economic importance does not justify the amount spent. Meanwhile, existing roads are in bad condition.

I think you should make a research on that, and see the benefits. However, the budget for such project is totally questionable.

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by Skullminers1: 4:47pm On Apr 23

snowball11:
He removed it so as to steal more from the money he's borrowing presently. If the fuel subsidy was still in place, he would have been paying significant portion of the borrowed monies to fuel subsidy and thereby, having little too loot!

Hahaha you are very very smart for this smart statement you made and respect you for this but his nairaland zombies will say otherwise

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Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by snowball11(m): 4:47pm On Apr 23

To think this "thing" is the best out of s certain region! undecided

Shior!

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by snowball11(m): 4:49pm On Apr 23

Skullminers1:
Hahaha you are very very smart for this smart statement you made and respect you for this but his nairaland zombies will say otherwise

That's why they are called zombies! grin

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by shekauvsbuhari: 4:50pm On Apr 23

alanto:
But where can I get 5m naira loan?

Modified:
The only time a loan is bad is when you use it to buy suya.

Borrowing to build infrastructure is not wrong. Chai.

The druggie thief said that removing subsidy will enable him amass money for projects and not resort to borrowing.
Now he has borrowed in three years more than what the master borrower Buhari borrowed in eight years and Buhari was paying subsidy but borrowed far less.
Nigeria has been captured by a devilish thief and drug pusher.

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Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by Putinofrussia: 4:50pm On Apr 23

LagosOrigin:
This man removed subsidy and still borrowing like mad man

Chei

Goodluck Jonathan Administration (2010–2015):
Records indicate approximately N3.9 trillion was spent on petrol subsidies. Other data suggests that annual subsidy payments during this period ranged from over N400 billion to as high as N2.1 trillion in 2011.

Muhammadu Buhari Administration (2015–2023): The Buhari government spent an estimated N11.4 trillion on petrol subsidies.

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Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by Omalicious1: 4:53pm On Apr 23

iwaeda:
https://www.vanguardngr.com/2026/04/breaking-tinubu-seeks-senate-approval-for-fresh-516m-loan/

Question: Wasn't this super highway captured in the budget?

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by kennethesan(m): 5:01pm On Apr 23

Complete one chance...

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Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by patrickcollins: 5:15pm On Apr 23

alanto:
But where can I get 5m naira loan?

Modified:
The only time a loan is bad is when you use it to buy suya.

Borrowing to build infrastructure is not wrong. Chai.

Tinubu's borrowing is bad, Nigerian Government excessive borrowing is bad and evil the money will be squandered. It was conceived that once there is removal of fuel subsidy, those money goes into infrastructure development but yet borrowing has sharply increased

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by ArcSEMPECJ(m): 5:16pm On Apr 23

edogu:
Carry on my father. On your mandate we shall continue to stand. If you want more, we are willing and ready to compel our representatives to approve more loan. We must learn a lesson.

We're seeing the benefits. Security and inflation have dropped to the barest minimum. The economy has become stable owing to fuel subsidy removal. Carry on my father.

..

This your Father must be getting his advice from a chalk sniffer and highly corrupt circle of friends .....cheeeiii Nigeria is finished anyway but God will turn around the captivity of the citizens , it shall be like a dream to us in 2027....

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by Doyou2019: 5:21pm On Apr 23

All they know is borrow borrow and borrow.

Useless government. Akotileta gbogbo!

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by Doyou2019: 5:22pm On Apr 23

snowball11:
To think this "thing" is the best out of s certain region!

Shior!

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by Inosky: 5:29pm On Apr 23

When cr!min@ls are in power, everything is geared towards steal!ng.

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by frog12: 5:39pm On Apr 23

this Sokoto-Badagry Super Highway is needless waste of money.
just to appease the north grin

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by inyass2580(m): 6:02pm On Apr 23

The money dy will share togeda

Won ti ya were

Wetin concern inyass sha

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by femi4: 6:03pm On Apr 23

Yawoyawo government

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by ottersberger(m): 6:11pm On Apr 23

Atiku Abubakar is calling Bola Tinubu a thief and Bola Tinubu is also calling Atiku a thief. Both Atiku and Tinubu have not called Peter Obi a thief for once. Thief knows thief ~ Dele Farotimi

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by ufotunang: 6:32pm On Apr 23

Racoon:
This is not funny @all. Building useless roads while people are dying, insecure? Why borrowing to fund projects that are of no economic value to the dying citizens of this nation? God punish whoever put Nigeria in this mess with the plagues of Buhari and Tinubu.

.. and they are lot of existing federal roads that are in deteriorable and bad condition that needs urgent government attention..but focusing and wasting money on sokoto badagry high way road..it's a pity

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by ufotunang: 6:35pm On Apr 23

frog12:
this Sokoto-Badagry Super Highway is needless waste of money.
just to appease the north

..and to use the road to campaign during APC election campaign and deceive Nigerians and the northerners

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by Rindo69: 6:51pm On Apr 23

Borrow Borrow

Re: Tinubu Seeks Senate Approval For Fresh $516m Loan by ogascomax: 7:17pm On Apr 23

alanto:
But where can I get 5m naira loan?

Modified:
The only time a loan is bad is when you use it to buy suya.

Borrowing to build infrastructure is not wrong. Chai.

Borrowing to funds what has no economic value is what is the problem. In the next hundred years can that project give you back the money or contribute directly into Nigeria economy. The answer is now. But that money could fund so many federal road that can contribute to the economy. They are many major federal road that are terrible and we are building supper road with little values.

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