Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency - Politics (2) - Nairaland
Nairaland Forum › Nairaland General › Politics › Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency (4332 Views)
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by Dokitto001: 12:07pm On Apr 25 |
Ndi mgbu. In Primary school we were taught about basic amenities 1. Water 2. Electricity 3. Roads 4. Housing. Lets take it one by one. Which of these is Nigerian government able to provide? Waste, that's all they borrow to do. |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by gigfx: 12:07pm On Apr 25 |
All I can say is that, those that did not taste Tinubu form of government and use the propaganda of He developed Lagos to vote for him, maybe they will don understand why he did not win in Lagos now. Next election will say a lot. |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by anytexy: 12:08pm On Apr 25 |
Election!election!!election!!! 2027. If you know you know |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by anytexy: 12:09pm On Apr 25 |
Election! !election!!election!!! 2027. If you know you know |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by onuman: 12:11pm On Apr 25 |
Can anyone name what infrastructures that APC government brought to Imo state which brought APC to the southeast? Not even a pin of federal infrastructure has been cited in Imo West Senatorial district where APC first debuted in the southeast. |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by Alliswell248: 12:12pm On Apr 25 |
The emergency lovers of Nigeria cant comprehend this. They think only of rice and beans. Village people. If Lagos is still a village, they won't leave their landlocked region and migrate their. Even the finished lamba man left for Lagos after his tenure |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by abbasajao(m): 12:12pm On Apr 25 |
There is nobody that can explain this thing for us to understand. Revenue generation is now doubled. We have save more from subsidy removal. So, why has borrowing increased geometrically? This is too bad. |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by Alliswell248: 12:13pm On Apr 25 |
gigfx:Tinubu would shock you next year. Pls don't cry rigging. |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by FX(m): 12:19pm On Apr 25 |
Where is the subsidy money. The trillions being saved from subsidy. Why are you borrowing billions if trillions are being saved from subsidy |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by gigfx: 12:21pm On Apr 25 |
Alliswell248:I actually want him to win, not because he will give good governance, but seems he is the only candidate that can tackle all those fulani elite. |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by ElSudani: 12:40pm On Apr 25 |
CodeTemplar:Highways are very important to the economy though you cannot directly eat it but it is nonetheless very important. |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by CodeTemplar: 12:47pm On Apr 25 |
ElSudani:dualization oooo. How will more lanes boost productivity? As for new highway, is it fish chinese vessels already exhaust that will boost economy? |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by jaxxy(m): 12:53pm On Apr 25 |
Buhari paid subsidy and build capital infrastructure and yet borrowed less. ![]() |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by ElSudani: 12:53pm On Apr 25 |
CodeTemplar:Many of you just criticize just for the sake of it. Businesses, especially those that will employ thousands of people depends on good infrastructure in order to function. Anyone who is promising you anything else is lying to you. For Obidients like you we already know it is not about infrastructure or even making Nigeria a better country. It is about your unachievable dream of separation. |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by Reference(m): 12:54pm On Apr 25 |
CodeTemplar:In a depressed economy like ours what you do about highways is the minimum requirements to make them serviceable, usable and this involves maintenance grade works not the ultra expensive reconstructions using reinforced concrete we are seeing nationwide. It is an economic decision of where you deploy your scarce resource effectively. Investments that yield immediate returns come first, the proceeds of which help to reduce reliance on credit. Get your roads to manageable levels then institute an effective maintenance regime to prolong their lifespan using a PPP model. Do everything to ensure your infrastructure is as cost efficient as possible. The economic plan of this country appears more grandiose than effectual or practical. You lose your job and desire to be a cabbie to make ends meet, what will be the vehicle you have in mind when you approach your bank for a loan, a tricycle or a limousine? |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by Fujiyama: 12:59pm On Apr 25 |
AMINDA:^^^ ![]() |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by CodeTemplar: 12:59pm On Apr 25 |
Reference:The clown is trying recreate an illusionary city boy reputation. Using concrete for hard lands is like breaking rock then pouring cement again. Very daft set of people ruling us. |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by CodeTemplar: 1:07pm On Apr 25 |
ElSudani:Have the businesses complained about lack of alternate lanes or flyovers inside villages? Businesses need smooth logistics and that connotes security of highway, zero extortion from unions and task forces. Power is another area almost all businesses complain. Interest rates is another. Corruption is another. Of all these pressing needs, Tinubu's brain could only see more lanes and a 10 lane highway along the coast. Imagine if the highway hadn't been scaled down to six lanes due to cries of the reasonable ones, that road will be at 3-4% completion instead of around 10% it is today. Dont worry. Add paradise to the list of infrastructure. |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by CodeTemplar: 1:15pm On Apr 25 |
ElSudani:Your farda na im Obidients. |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by snowball11(m): 1:16pm On Apr 25 |
Asibackward Gbola Tilumbu will be tried after his ![]() Most of these his idiotic followers will be part of that trial! ![]() |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by SmartyPants(m): 1:17pm On Apr 25 |
Borrowing to invest or to finance elections? Smh. |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by WorkTheTalk(m): 1:21pm On Apr 25 |
This is the infrastructure.
|
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by Reference(m): 1:23pm On Apr 25*. Modified: 1:52pm On Apr 25 |
CodeTemplar:There are stages of development. You have the emerging stages, the growth and acceleration stage and the domineering stages. And this involves everything about your economy including infrastructure. I said this about power and how we will struggle to develop if our emerging state relied on gas infrastructure for energy because gas is expansive to deploy and to use. No one needs to tell the Nigerian. When he starts going down the first thing is to abandon his cylinder and start cooking outside with coal. China started this way and in the mid to late 80's they were building and commissioning one coal fired station every week to supply their emerging economy with cheap energy. Cheap energy that helped them undermine the West's manufacturing capacity. Now their banks are overflowing they can 'afford' to go green on a massive scale. That is what you do. Get your infrastructure working in the most cost effective manner to provide the cheapest cost outlook for your economy and when you get to the acceleration stage you can afford more durable, high tech infrastructure like high speed trains, smart highways, signature airports, etc. But in my opinion as well, we cannot get industrialization up and running without a nationwide network of rail transportation. If the colonial governments knew this and developed countries depend on this, I don't know what we are doing building these crazily expensive new highways that still depend on expensive gasoline and diesel to run our economy. |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by Saidfx(m): 1:32pm On Apr 25 |
richiemcgold:That coastal road sha..from the Ahmadu Bello entry to okun Ajah exit, nah colos merchant full there. It's a good one but power is the most important thing to fix in this kountri. However, it's a white elephant project as long as the leaders continue to be puppets to the Brits. No light till Jesus return..💯 |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by femi4: 1:39pm On Apr 25 |
AMINDA:The more you look... |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by 1vandragon: 1:39pm On Apr 25 |
What bat fails to understand is that Nigeria does not need legacy projects at this time. The major roads being built now are good, but not priority at this time because there are already existing road networks connecting those places which just need an upgrade. Aside lagos, most traffic congestion or delays on federal roads are caused by bad roads. So, won't it be cheaper to fix the bad roads than build new ones in this tight economic Times? But bat wants legacy projects that feather his ego while also making a k1lling by awarding contracts to his cronies without due process. |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by ibedun: 1:52pm On Apr 25 |
AMINDA:What do you produce in Nigeria? Nothing! Which means you have to import things you need. You need dollars to trade internationally. Dollar is not our currency. You sell oil but the revenue is too small for 270 million people who don’t and can’t produce anything! The tax they pay is too small. The other government revenue is too small. AMINDA, what do you want the government to do? Tell us the alternative (better idea). We are waiting…….,,,,, |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by tonesky(m): 1:54pm On Apr 25 |
Very shallow talk. No ingenuity at all. The worst of us ruling the best of us. |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by ElSudani: 2:10pm On Apr 25 |
CodeTemplar:The same type of mindset that made it impossible to generate and distribute more than 5000 mw of electricity. Obi who is your leader even took it a step further by saying investment in infrastructure is a waste of money. I bet a shadow factory is more important. |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by franvincoop: 4:11pm On Apr 25 |
Context matters. It's either they are borrowing to meet Poverty infrastructure or stomach infrastructure, e no fit pass these two types of infrastructure walahi... Person wey no dey pay subsidy dey borrow pass person wey dey pay subsidy? How ![]() The same infrastructure wey Dem never yet release the money they borrowed for the capital projects for 2025 budget oo, I mean 2025.... If APC serve you buffet with propaganda eh, na 5 star review sane Nigerians suppose give them. I bow to APC, the P stands for propaganda richiemcgold: |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by franvincoop: 4:22pm On Apr 25 |
I am not Aminda but here is the alternative. Let Nigeria leave OPEC like Angola and pump as much oil as we want without any restrictions/quota and sell even at a discounted price to meet the needs of 270 million people and stop all this borrow borrow and IMF/ADB/Eximbank entanglements as na rat race. We can't be in OPEC and be living on oil pumping restrictions/quota and think we can progress as we don't have the same developmental requirements of Saudi or UAE which are more developed than us and can survive on quota/restrictions. Do you know why USA - the biggest oil producer, Canada and Qatar are not members of OPEC? ibedun: |
| Re: Tinubu Borrowing Billions To Invest In Nigeria’s Infrastructure – Presidency by MemphitzDgreat1(m): 4:51pm On Apr 25 |
This is for those with short memory 👇👇 "All Progressives Congress (APC) National Leader Asiwaju Bola Tinubu has said President Goodluck Jonathan’s request for $1 billion (about N165 billion) is not for fighting terrorism, as the government wants everyone to believe. The frontline politician said the loan would be spent to wage war against opposition and scuttle democracy. He noted that the administration would not be transparent in expending the loan, adding that its records showed a deep-rooted mismanagement of the nation’s resources and abuses. He is not asking for help in tackling terror. He is asking us to turn a blind eye and empty mind to an abject heist. This is as cynical a measure as a national leader has ever undertaken during the time of national calamity. He demeans his office and the nation in this time of crisis. Of all things, he now subordinates the gravest national threat we have faced in four decades to his desire to hold on to office. “Yet, do we know precisely what the loan is for? No. What will they purchase that has already not been set to purchase? No one knows. Again, by saying this is to fight terror, we are supposed to act blind, deaf and dumb or rush to congratulate him for his new found vigour. At best, he appears as a Johnny-come-lately to the fight against Boko Haram. This man has been commander-in-chief for over three years. Where has he been? He has been ensconced in the cosy, safe confines of Aso Villa, giving less than a care about the ravaging of northern Nigeria. “It was only upon hiring a foreign Public Relations (PR) firm did he begin to act as if Boko Haram and the Chibok crisis exist. Before that, he was sleepwalking in the midst of the storm around us. In a statement yesterday in Lagos, Tinubu said: “The news that President Jonathan has requested the National Assembly to approve his request to seek a loan of one billion dollars, purportedly to battle Boko Haram terrorism, should lead any person with sober conscience to fall out of their chair. “If only our spendthrift President attacked terrorism with the daring by which he assaults democracy and our common sense, there would be no need for any expenditure. Boko Haram would have been vanquished many yesterdays ago. “Yet, Boko Haram continues stalking us because the President would rather play tricks than govern as a statesman. The bottom line is that the only thing remotely military about this massive request is that it serves to camouflage a sinister aim. The man seeks to bolster the Peoples Democratic Party (PDP) electoral war chest on the backs of the victims of terror and on the heaviness of our collective fear of the terrorist’s threat. In cloaking the request as part of the battle against terror, he believes no one will have the courage to object and this will enable him to get away with what should not be gotten away. “I fear hired handlers may have told him to do this thing because it will help him get elected and will make it appear to the outside world that he is doing something. Johnny-come-lately is also now on stage, dancing and performing in dual capacity, as Johnny do-the-wrong-thing and Johnny-wrong-step Hasn’t he presented the National Assembly defence bills and budgets totalling over three trillion naira in the past three years? Boko Haram has been terrorising throughout this period. Tell me, what has changed, what is so different now that he must stack another $1 billion atop the funds already given him to defend and protect the nation? The answer is nothing, except that elections are approaching. “Thus, we are left with two alternatives. In the past three years, he has been so bereft of conscience and derelict in duty that he presented defence budgets, which are woefully inadequate to face the challenge we all could plainly see before us. Alternatively, he has been so bereft of conscience and derelict in duty that he has squandered the money given him in the worst of ways, giving contracts to cronies and leaving our frontline soldiers without boots or bullets. Now, he asks us to applaud his request for $1 billion loan. He and his claque have siphoned money from the states to deposit in the illegal Excess Crude Account/Sovereign Wealth Fund. The government said it did this unconstitutional confiscation of state and local funds to save for a ‘rainy day’. Well, terror is reigning over and down on us from all sides. The blood of the innocent rains on our national conscience. “If those who control this money do not think we are not now in the hands of calamity, then there will be no other earthly occurrence that may ply their hands into releasing the people’s money for the people’s security and well-being. In short, there is no need for the loan. If the funds are truly needed for our collective safety, Nigeria has the money. “But Jonathan seeks to borrow money because of his foreign handlers. They have told him, if he borrows from abroad and spends that same money aboard, he will win the favour of foreign lenders, arms contractors and assorted business ventures. These people will, in turn, pressure their governments to love Jonathan where they now loathe him and his incompetent handling of high matters of state. As such, he can then ramrod his way through the 2105 elections and not risk international reaction. This is the plan. This loan is not intended to defend Nigeria any more than a pig is built for aerial flight. It is intended to launder his image and buy foreign favour that he may conduct his coming electoral misdeed in international silence. In reality, this loan will be used to buy the election and pay for the intimidation of the opposition and the electorate. Most of it will go into the PDP coffers. The portion which finds its way to the Armed Forces and security agencies will be to purchase their services in suppressing all who are not PDP. The loan will not be to fight terrorism. It will be to fight the legitimate dissent. “Thus, the President’s request should be rejected categorically, for he seeks not to use the money to construct a safe haven for the people. He seeks the money to build a casket for democracy. “I want to rid this nation of Boko Haram but I also am not prepared to be fooled by a trickster and his tricks on this important point. Given his track record of corrupt expenditure, the burden of proof lies with Jonathan. If more money is truly needed to tackle Boko Haram, I have no qualms with it. Before we get there, the President must give the nation a full accounting of what happened with the vast funds already allocated. If we need more funds, let it come from the illegal funds the government now controls. “Moreover, if money is needed, the National Assembly must institute a special fund and exercise special control and monitoring over the sum. All expenditure must be audited by impartial experts so that the funds are used solely for the battle against Boko Haram and not for partisan objectives.”
|
‘Tinubu’s Borrowing In 24 Months Surpasses 55 Years’ Debt Record’ - Dele Oye • Tinubu Borrowing N1.2 Trillion After Paying Chagoury’s Company N15 Trillion • Fashola Clears Air On ‘US-Nigeria Infrastructure’ Comparison • 2 • 3 • 4
As Yar'adua Prepares To Exit The Stage, Power Play For Aso Rock Heats Up • Suspected Boko Haram Agent Arrested In Ibadan • Boko Haram Is Not Our Problem, Corruption Is


