₦airaland Forum

Dem don take Nigerians Handicap.

go and ask your grandfather

all countries in the world do borrow,even the mighty US and UK.i expect sanusi to know better

Keypad warriors would have been all over the place if it was Peter Obi who said this. Unfortunately they are aiding the destruction and corruption in Nigeria without knowing it, or maybe they know.

Peter obi is a trader while Tinubu is a first class account, the master's classic strategy—remove subsidy so citizens can “breathe,” then borrow money like there’s a Black Friday sale on loans. Tinubu is a Truly inspiring fiscal gymnastics. At this rate, we’re not just the Giant of Africa, we’re the Giant of Debt—carrying loans on our head like gala sellers in traffic.
But no worry, dem go still tell us say everything is under control. After all, na we go pay am… one way or another.
Ṣé na cruise ni, abi kí ló ń ṣẹlẹ̀ gan-an? 😏

Hez143:
all countries in the world do borrow,even the mighty US and UK.i expect sanusi to know better

The question is borrow to do what? That's the real question here. Where is the money they are borrowing?

Peter obi is a trader while Tinubu is a first class account, the master's classic strategy—remove subsidy so citizens can “breathe,” then borrow money like there’s a Black Friday sale on loans. Tinubu is a Truly inspiring fiscal gymnastics. At this rate, we’re not just the Giant of Africa, we’re the Giant of Debt—carrying loans on our head like gala sellers in traffic.
But no worry, dem go still tell us say everything is under control. After all, na we go pay am… one way or another.
Ṣé na cruise ni, abi kí ló ń ṣẹlẹ̀ gan-an?

GOOD QUESTION

ELECTION IS AROUND THE CORNER

If the expenditure (recurrent &capital)side of your budget is higher than your expected revenue, then your budget will run into deficit which is the difference between both components.......you have to finance that deficit so that your budget doesn't fail.

Nigeria's 2025 budget deficit was about N13trn while projected subsidy payments was about N5tr......if you were tobuse basic income and expenditure analogy your subsidy savings isn't even enough to fund your budget deficit.....therein lies a bit of the answer to your question.

You need to service your debts and you arevare obligated to pay them.momies meant for construction of roads,hospitals and other social amenities is being used to cater for.

Help me ask the druglord

Parachoko:
Nigeria was borrowing to pay for subsidy before Asiwaju became the President

Under Jonathan, we were borrowing to pay Salaries, borrowing to pay for subsidy, Pension, and also borrowing to build projects

Under Buhari, we were borrowing to pay subsidy on fuel, and also borrowing to pay salaries, pensions and also borrowing to build projects


Under Asiwaju, we're not borrowing to pay pensions or salaries, we're not borrowing to pay for subsidy, we're only borrowing to spend on Capital Projects.

I expect Sanusi to know there's no problem borrowing to build capital projects

Capital projects that only situated in Ur baba backyard, in which only you and your household seeing them.

Parachoko:
Nigeria was borrowing to pay for subsidy before Asiwaju became the President

Under Jonathan, we were borrowing to pay Salaries, borrowing to pay for subsidy, Pension, and also borrowing to build projects

Under Buhari, we were borrowing to pay subsidy on fuel, and also borrowing to pay salaries, pensions and also borrowing to build projects


Under Asiwaju, we're not borrowing to pay pensions or salaries, we're not borrowing to pay for subsidy, we're only borrowing to spend on Capital Projects.

I expect Sanusi to know there's no problem borrowing to build capital projects

Sanusi knows but wants to play to the gallery same way he did under gej and got fired when he claimed 20b dollars was missing.

Greatex90:
Very good questions asked about this government.
There is no justification whatsoever for borrowing.
What improvement have you seen in Nigeria as regards infrastructural development.
Security is on zero levels, No jobs,
Commodities are unpayable.
What is he borrowing for.
It's 4 years yet no constant Light.

You quit paying subsidy yet no Nigerian refinery is working.
You nothing to say about this backward APC GOVERNMENT

I find strange that a citizen of an import dependent nation is asking why the government is borrowing we all knows that Nigeria's importation and foreign investments are powered by loans.

Parachoko:
Nigeria was borrowing to pay for subsidy before Asiwaju became the President

Under Jonathan, we were borrowing to pay Salaries, borrowing to pay for subsidy, Pension, and also borrowing to build projects

Under Buhari, we were borrowing to pay subsidy on fuel, and also borrowing to pay salaries, pensions and also borrowing to build projects


Under Asiwaju, we're not borrowing to pay pensions or salaries, we're not borrowing to pay for subsidy, we're only borrowing to spend on Capital Projects.

I expect Sanusi to know there's no problem borrowing to build capital projects

Pack one side, Asiwaju ko, Asari dokubo ni.
See how he's echoing Asiwaju as if he's God, a failure for that matter oo. A renowned international economist is telling you something and you here mentioning Asiwaju

Lalami3232:
E shock me too ooooooo, oga sanusi. All these Nigerian politicians are the same thing jare. Believe anyone of them, at your own peril. But I rather believe a Nigerian politician than not go for DNA test if I marry a non-virgin.

What do I even know sef aside enlightening my fellow men nationwide with the good news of DNA test

Do not lump your fraudulent politician with all politician after supporting a criminal gguru str*tegist, you want to lump everyone together.

There is no pathway for the faaake certttifficcate hollldderr. You refused to condemn the one who is guilty but lumping all to make it look as if there are no better politician than the roasted electricity fraud

COMPAQ:
It doesn't even mean we still cant borrow, but let the borrowing be tied to very specific capital projects.

One will think by now Nigeria should have had a stable electricity
The only thing we are enjoying which is subsidy, you removed all.

Lithiumite:
If the expenditure (recurrent &capital)side of your budget is higher than your expected revenue, then your budget will run into deficit which is the difference between both components.......you have to finance that deficit so that your budget doesn't fail.

Nigeria's 2025 budget deficit was about N13trn while projected subsidy payments was about N5tr......if you were tobuse basic income and expenditure analogy your subsidy savings isn't even enough to fund your budget deficit.....therein lies a bit of the answer to your question.

You need to service your debts and you arevare obligated to pay them.momies meant for construction of roads,hospitals and other social amenities is being used to cater for.

Must you do capital budget that exceeds your revenue? Is it an abomination to do surplus budgeting?
YOU HAVEN'T FINISHED 10% OF COASTAL ROAD TO CALABAR, WHY STARTING BADAGRY TO NORTH-WEST?

Meanwhile, where are the few available projects they even did with money they borrowing?


The way you guys following your oppressors ehn, it will take magic for Nigeria to become developed nation.

Our reputable economists where are you, your attention is genuinely needed over this matter pls 🙏.

Kindly make us know about this borrow borrow of a thing 🤷‍♀️

Mr presido ti de okún gbèsè sílè fún 9ja oooo

Monicker ABEDUN where are you, Mogaji ilé yin tún ti fé yá’wó ooooo🗣because very soon you’ll be crying me Eleyele river😏

jchioma:
That's the question every logical and sane human being should be asking.

But trust APC data boys to attack Sanusi now.

They cannot do that because everyone knows that Tinubu shouldn't be borrowing at this time. However, data boys are a bunch of nobodies whose opinions don't matter.

COMPAQ:
It doesn't even mean we still cant borrow, but let the borrowing be tied to very specific capital projects.

.

That’s not true. Subsidy debt ranked more than 50% of the country’s debt. Now it has been removed, why is he still borrowing even at an alarming rate?

Answer the question abeg.

ObasaHF:
God bless this emir! Very critical question. If subsidy is gone as been told, the federal government should have sufficient money in it's account to reduce borrowing.

But the reverse is the case and Nigerians will face the economic fallouts.

What's the economics behinds this subsidy matter as factor for improved living standards?

I beg I need answers.

Sufficient money from where?
Sufficient money in what currency?
Sufficient money of what purchasing power parity?
Where was the sufficient money when government was borrowing money to petrol subsidy?

I Wish The Baba Werey Has Answer, We Have never Had it So Bad , Tinubu Is Calamity Upon Nigerians

COMPAQ:
It doesn't even mean we still cant borrow, but let the borrowing be tied to very specific capital projects.

The question is, where is the money saved from the removal of fuel subsidies?

They borrow to carry out supposed .capital projects where they can get large chunk of kickbacks to finance elections and to launder for future use in case they are out of government.

overall90:
I shock too
Not just borrowing, the humongous amounts being borrowed from every available source

You are not shocked that Tinubu met the forex rate (official) at ₦470 and devalued it over ₦1,700 and he is currently celebrating it at ₦1,350 as an achievement.
So, if FG used to borrow ₦10 before Tinubu. The ₦10 now becomes ₦100 after devaluation.

if you ask me na who i go ask. the mater we see so e plenty for mouth. looting for elections, children and generation unborn. APC is one chance

Elvis2kay:
I don't understand Jagaban again oo

The lootings that is going on by tilimbu and his gangs will be massive and it will take years to recover them if there's any options. Abacha is still learning work where tilumbu dey.

Parachoko:
Nigeria was borrowing to pay for subsidy before Asiwaju became the President

Under Jonathan, we were borrowing to pay Salaries, borrowing to pay for subsidy, Pension, and also borrowing to build projects

Under Buhari, we were borrowing to pay subsidy on fuel, and also borrowing to pay salaries, pensions and also borrowing to build projects


Under Asiwaju, we're not borrowing to pay pensions or salaries, we're not borrowing to pay for subsidy, we're only borrowing to spend on Capital Projects.

I expect Sanusi to know there's no problem borrowing to build capital projects

Can u list the capital projects
I hope u won't mention roads because Jonathan and Buhari constructed more roads while still paying subsidy.
Shouldn't we have 24 hours electricity now that we are not paying subsidy?

The same thing I posted yesterday on nairaland.
You have removed subsidy, then why are you still borrowing up and down.
Let us just agree that Tinubu came to destroy Nigeria.

Parachoko:
Nigeria was borrowing to pay for subsidy before Asiwaju became the President

Under Jonathan, we were borrowing to pay Salaries, borrowing to pay for subsidy, Pension, and also borrowing to build projects

Under Buhari, we were borrowing to pay subsidy on fuel, and also borrowing to pay salaries, pensions and also borrowing to build projects


Under Asiwaju, we're not borrowing to pay pensions or salaries, we're not borrowing to pay for subsidy, we're only borrowing to spend on Capital Projects.

I expect Sanusi to know there's no problem borrowing to build capital projects

What are these capital projects and what do they add to the GDP, CPI, and cost of living?

Have they lowered inflation or reduced insecurity? Is the average person now able to afford the basics?

Mind you, borrowing just to end up building housing for corrupt judges or build insolvent airports may be projects, but they sure ain't capital.

ZUBY77:
The question is borrow to do what? That's the real question here. Where is the money they are borrowing?

the loan is for infrastructure nah