₦airaland Forum

Somebody once said even if u give him 30 years he will not be able to achieve anything.
Election is coming so they have to borrow.

He will share the money with Yarimo because that is one of the laziest boy I have ever seen on this forum.

He can't even think properly.

Parachoko:
List out the roads Jonathan constructed, and the km of roads he constructed

Because me I know all the roads I know in the south west and south south were in bad shape under Jonathan.

His rehabilitation of the east west road hardly last till the raining season, once it rains, flood go wash of the roads

Well, I'm waiting for you to list the quality roads Jonathan Constructed between 2011 and 2015

Was it not Jonathan that did reconstruction of Lagos-Ibadan expressway? That road was almost completed before buhari came to re-award the little part around shagamu that had been awarded before. Once they assure you people of a bag of rice, you will never see something good in what your perceived enemies had done.
Don't even go the area of comparing GEJ with this wicked blood sucking party in power today. Who cares kilometer of road construction when people are struggling for daily survival. Tell your master to bring cement back to #1,500-#2,000 per bag, and drop food inflation to how it was in 2014 before we can begin comparison. Na Lagos Calabar road people go chop or sleep on?
Any government that has failed to improve people living conditions in the area of food, shelter and clothing has no business staying in corridor of power

marlow1962:
Sanusi I now believe you need glasses, obviously you are not seeing the good works of their first class graduate from Chicago, the Lagos maker, the Messiah of ebin pawa

He already uses glasses nah

It's one question people have refused to ask. After taking out loans for the so called electricity project in a sector that is privatised, the government took again another loan in a phony fiber optic project and i asked wasn't the telecommunication sector privatised? Yet again yesterday another huge loan for sokoto whatever super-highway.
Trillions have been saved from subsidy , yet loans, upon loans and the opposition in the National Assembly are keeping quiet .The money saved from subsidy is pocketed by few individuals and hence the loans simple.

dhope:
Was it not Jonathan that did reconstruction of Lagos-Ibadan expressway? r

Do you think you're talking to a 10 years old boy? 😡😡

How can you be lying so boldly 😡😡😡😡

Or is there another Lagos-Ibadan express way in this Nigeria you're talking about?

Jonathan was only fixing Lagos Ibadan on papers, nothing was been done.

Buhari started the construction of the Lagos Ibadan expressway.

Buhari did most of th work on the road, Asiwaju is now finishing it

What happened to our Local industries?
Didn't you say you have a President?
Either you didn't read that it's for Shadowy Local Projects or you just "Keep supporting incompetence".

Gboss247:
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.

Na wa oo my brother e no suprise you

I'm

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

Agreed.
What happened to the excess money realized from removal of subsidy?
Crude oil price rose above 100% , what happens to the oil windfall?

Parachoko:
Tinubu is miles ahead of Buhari

Under Buhari, the economy got so bad nobody was willing to give us loans again

Tinubu has done more in Infrastructure in less than 4 years.

Tell me more about it. Lagos-Ibadan Expressway, Lagos-Ibadan Railway, Kaduna-Abuja Railway, Kaduna-Kano Expressway, Warri-Itakpe Railway, Lekki Deep Seaport, Baro Port, Second Niger Bridge, 700MW Zungeru Hydropower plant, AKK gas pipeline, Loko Toko Bridge, several dry ports, etc. Kindly list out Tinubu's projects in similar manner.

Criteria for Government/Public borrowings:

1) for capital projects ONLY
2) there must be marginal income/revenue from the completed projects
3) low interest loan
4) loan duration/tenure should not surpass projects lifespan
5) ability to repay loan as agreed and and repayment funded mostly from the projects income/revenue
6) aggregate loan portfolios still under the internationally agreed threshold ratio, that is, Loan bs GDP, Loan vs Budget Allocation for Loan Services etc.

If I may ask Khalifah Sanusi:

1) why is America borrowing every single day of this life and sitting under the loan burden of about $40 Trillion, even as USA’s infrastructure is developed to a 1st world standard

2) how can Nigeria rapidly develop her infrastructure to, at least, 2nd world standard with a meagre revenue of less than $50 Billion per annum

3) can a less than $15 Billion annual capital budget make desirable impact on our demand for rapid development

4) The NYPD—New York City Police Department alone, spends about the same as the total 250m Nigeria’s annual budget , how pathetic is that

5) how can Nigeria’s GDP reach a $$$Trillion without adequate provision for capital projects and creating economic opportunities for the masses

6) is it not a shame that Nigeria GDP is considered one of the lowest by population and other indices

7) can anyone, including Khalifa Sanusi proffer funding alternatives for infrastructure for Nigeria

Sanusi dem go soon untie ur wrapper again o

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

All Nigerian politicians are not the same. How can you suggest that Peter Obi is same with Bola Tinubu? What insult!

GODISGREAT123:
We are borrowing money because Tinubu is a first class graduate of accounting

You can't understand Sir

How do you know? Is he your classmate?

The Troubles With Sanusi:
Mallam Sanusi should Step Down -from the Traditional Ruler Seat and joined the Politicians,since there are so many Ways of Communicating to the Govt- but he chose to be garrulous, irrespective whether his suggestions is valid or not,Sanusi Mission is detrimental to the Tinubu's Govt - the earlier the Govt knows this ,the better.
• He is an a Ruler that lives in a Limelights life-and has always been a dissidents.
He did it to Jonathan- govt and must not be allowed to go scott- Free again,for he was the very CBN Governor:
• that destroys some Southern -Banks of Intercontinental bank, Union Bank and Others,
• by giving Spurious Excuses ,
- that the CEO were using Shareholders -Funds, etc,which Financial Experts have debunked,
For Example - what was the Value of the Bank ,eg Intercontinental Bank,Union-bank he claimed to be Sick at that time and according to him,
- But why don't you remove the CEO, and allowed the Banks to Live,
• thereby throwing away Thousands of Bank Workers and their Family were put in trouble,till today ,because of Unchecked- Power of Sanusi!
While the likes of Saraki were looking elsewhere,when they should have checked- Mated him with their Own - Oversights- FUNCTIONS, but they didn't care or pretend to Allow Intercontinental Bank being -Swallowed up by Smaller -Access Bank - Who ironically -Borrowed Money 💰 from the same Intercontinental Bank.
Indeed,What Cannot Happen In Nigeria-Doe Not Exist!
• Since Sanusi left the CBN - has there not been Some Banks going down but the New CBN Management used Wisdom and Prudential Means to SAVE them AND THEY ARE Alive Today ?
• The Same Sanusi gave out NBillions- to Northern Universities,as he claimed The CBN- Act gave him such Power,
While Jonathan was helpless and all those inactions -Contributed to Jonathan govt fall.
I pity any Southerners supporting the gaulibles and Sanusi ought to join Nigerian Politicians by dropping his royal toga and Carry Elections Boxes too .

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

Yes that is true.

What of those road projects all over the country, both state and local governments are now receiving double of what they used to collect before and the grants to our universities students through NELFUND

GODISGREAT123:
We are borrowing money because Tinubu is a first class graduate of accounting

You can't understand Sir

..as a first class graduate of accounting he should be generating revenue for the country and less borrowing

BBQZ:
Help me ask....
Because....."as how na"

What of those road projects all over the country, both state and local governments are now receiving double of what they used to collect before and the grants to our universities students through NELFUND

Mandate1:
why is he borrowing to build new roads when the existing roads are bad, what happens to repairing and expanding existing roads? There's no state in Nigeria that doesn't have and exiting connecting road to other states. Building new roads at a higher cost rather than fixing existing ones at a cheaper rate is a bad economic policy. The money spent on these roads can be used to fix power.

See ehn all these 'projects' his praise singers keep yapping about are conduits. Lagos-badagry expressway of far fewer kms is a project that has been ongoing for well over 20years now. Those wey don collect their own share don finish their terms don comot. This one too share will be collected, and he sef go do him own wuruwuru comot. And then they will come and talk about how at least he started those roads, whether him finish am or whether accountability dey, that one no go matter again 🤣🤣

AMINDA:
Tell me more about it. Lagos-Ibadan Expressway, Lagos-Ibadan Railway, Kaduna-Abuja Railway, Kaduna-Kano Expressway, Warri-Itakpe Railway, Lekki Deep Seaport, Baro Port, Second Niger Bridge, 700MW Zungeru Hydropower plant, AKK gas pipeline, Loko Toko Bridge, several dry ports, etc. Kindly list out Tinubu's projects in similar manner.

Wetin concern Buhari with Lekki deep seaport?

And by the way, I won't be having this kind of unnecessary argument with you because Buhari nah APC man.

He tried his best and Asiwaju is continuing from where he stopped.

Buhari spent 8 years in Power

Tinubu has not spent up to 3 years in power

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

But trust APC data boys to attack Sanusi now.

What of those road projects all over the country, both state and local governments are now receiving double of what they used to collect before and the grants to our universities students through NELFUND

Parachoko:
Wetin concern Buhari with Lekki deep seaport?

And by the way, I won't be having this kind of unnecessary argument with you because Buhari nah APC man.

He tried his best and Asiwaju is continuing from where he stopped.

Typical. As expected. Bottomline is that Tinubu has outborrowed Buhari despite not paying subsidies but he has no commensurate projects to show.

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

..I thought Tinubu said last year October 2025 that he has met the revenue target that borrowing will reduce or stop...but since then still borrowing money every month till now

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 I rather support devil than defend who don't give a care about you and your people, una de try


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

I rather defend devil than do exactly what you doing, I believe your extended family are enjoying the renew hope not just only u, cos it will be selfish of u

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
Lamido is with Kwankwaso, while the Emir is with Ganduje and now with the governor

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 is Kwankwaso person, now that the Governor is now with Ganduje, no need for me to explain it more than this .

AMINDA:
Typical. As expected. Bottomline is that Tinubu has outborrowed Buhari despite not paying subsidies but he has no commensurate projects to show.

Tinubu has not outborrowrd Buhari

Get your facts right Asgard

Buhari is APC, I'm a known Buhari supporter on Nairaland.

While I was supporting Buhari, you're not where to be found

So you can't really understand my point.

These are the results of voting an incompetent president into power

It's a pity

iwaeda:
"If you're not paying subsidy and you've got the money, why are we still borrowing?" — Lamido Sanusi questions federal government's economic policies and borrowing plans.

"If you're not paying subsidy and you've got the money, why are we still borrowing?" — Lamido Sanusi questions federal government's economic policies and borrowing plans pic.twitter.com/QjGemTVjVJ

— TheCable (@thecableng) April 24, 2026

What sort of stupid statement is this?
Must nations borrow money for consumption or for capital development? Almost every nation on earth borrow money for their development and that's why we have the IMF, World bank etc. Sanusi is saying rubbish here.
Our 2027 budget is just $50 Billion USD for over 230 million population while Singapore, a City State of 6 million people has a budget of US$ 120 Billion this year.
I don't like the impact that palace is having on Sanusi's brain.

emperor4love:
I rather defend devil than do exactly what you doing, I believe your extended family are enjoying the renew hope not just only u, cos it will be selfish of u

Bro, what exactly is your point

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

Tell us the capital project and the borrowed money ratio per past government.
Careful make thunder no fire you

dhope:
Was it not Jonathan that did reconstruction of Lagos-Ibadan expressway? That road was almost completed before buhari came to re-award the little part around shagamu that had been awarded before. Once they assure you people of a bag of rice, you will never see something good in what your perceived enemies had done.
Don't even go the area of comparing GEJ with this wicked blood sucking party in power today. Who cares kilometer of road construction when people are struggling for daily survival. Tell your master to bring cement back to #1,500-#2,000 per bag, and drop food inflation to how it was in 2014 before we can begin comparison. Na Lagos Calabar road people go chop or sleep on?
Any government that has failed to improve people living conditions in the area of food, shelter and clothing has no business staying in corridor of power

..abi.. Tinubu even demanded for loan of 516 million dollars for construction of sokoto badagry high way road ... what is the benefit of sokoto badagry high way road for Nigerians now..you can see the unnecessary debts is piling up for Nigeria and waste of money on projects that does not benefit Nigerians