₦airaland Forum

As in !!!!! I never expected that a whole tinubu will perform this poorly

ogub:
Tinubu is really performing below expectations.

jogojogo:
Either this is true, half true or mischievous, I applaud the Government for such transparency and openness to be able to estimate budget against performance viz a viz borrowing
This is clearly half information and smear mischievousness of the highest degree.

Lol. Ignorance in full display
You think they release budget performance to please you their zone Bees or that they care about your opinion?

They release it because of their international lenders and guarantors who will need such statistics to approve the next tranche of loans.

Chai!! Ignorance is dangerous.

The worst government in the history of Nigeria.

WHERE IS ALL THE MONEY GOING.

If the government cannot come out to be accountable, it cannot question the suspicion of the people that grand theft is ongoing with the preferred vehicle of choice, UNVETTED/UNMONITORED CONTRACTS.

They just have to secure power the next elections and impose a government after to save themselves from serious indictment.

Hellisreal70:
Okay, but where is the remaining 82.44% ?

ASSUMING THIS IS TRUE. IT'S A GOOD SIGN OF FINANCIAL DISCIPLINE AND PROBITY.

IN PREVIOUS YEARS, THAT MONEY WILL JUST DISSAPPEAR AND THEY WOULD TELL YOU THEY SPENT IT ON THIS AND THAT.

Today there are all sorts of digital safeguards against wasteful expenditure, embezzlement, fraudulent procurement, etc.

In fact Tinubu is training over 1000 Procurement Officers in Nigeria First policies to prevent Capital Flight with regard to contracts.

SO LONG AS THE MONEY IS STILL THERE, IT MEANS THERE IS NO CORRUPTION.

JUST CAREFUL SPENDING WITHOUT THROWING AWAY MONEY TO CORRUPTION!

stepaside1:
Good to see the report in full. My guess is that projected oil revenues fell way short from a volume and price perspective that the additional shortfall on top of the existing budget deficit has to be covered through borrowings, majority of which will go into recurrent expenditure. Of course capital allocations will be the first to suffer. Those that are familiar with managing corporate organisations will understand this.

But your god said he met revenue target in August
What are you balabluing here

femi4:
There is another 4yrs ahead to implement the rest

So you mean in the next 4 years there won't be borrowing?

I hope someone here is not paying back all the monies he stole or forfeited back in the same

koladata:
As in !!!!! I never expected that a whole tinubu will perform this poorly

Then you lack good sense of judgement.


Did you not support buhari against GEJ? Now Tinubu against PO?

dre11:
Despite Over-borrowing By N1.54trn, Federal Gov’t Implements Only 17.66% Of Capital Projects




https://leadership.ng/despite-over-borrowing-by-n1-54trn-federal-govt-implements-only-17-66-of-capital-projects/

The article is mostly true but presented in a way that creates a misleading impression. The numerical data it cites appears accurate and aligns with patterns seen in Nigeria’s official Budget Implementation Reports, where borrowing overruns, capital under‑execution and delays in project‑tied loan disbursements are common.

However, the interpretation is incomplete and framed to imply scandal or hidden misuse of funds without providing the necessary fiscal context. It does not explain that Nigeria’s borrowing covers both recurrent and capital expenditure, meaning it is incorrect to compare total borrowing directly to capital spending as if they should match.

A large share of borrowing goes to salaries, pensions, debt servicing, subsidies and statutory transfers, none of which fall under capital expenditure. The article also omits that Nigeria operates a cash‑based release system, where capital funds are only released when procurement steps are completed and cash is available, which routinely delays capital spending.

Additionally, multilateral and bilateral project‑tied loans are not disbursed immediately; they require procurement processes, environmental assessments and project readiness steps. Therefore, “zero spending” in a given quarter does not mean the money is missing — it often means the project has not reached the disbursement stage.

In summary, the data is accurate but the framing is selective, highlighting borrowing overruns and capital underspending without explaining the structural, procedural and regulatory reasons behind them. This makes the article a half‑truth: factually correct numbers presented in a way that suggests wrongdoing or mystery where there may be none.

stepaside1:
Good to see the report in full. My guess is that projected oil revenues fell way short from a volume and price perspective that the additional shortfall on top of the existing budget deficit has to be covered through borrowings, majority of which will go into recurrent expenditure. Of course capital allocations will be the first to suffer. Those that are familiar with managing corporate organisations will understand this.

Will you keep quiet there? Do you guys have souls at all? What are you defending?

femi4:
There is another 4yrs ahead to implement the rest

engage your brain

Kukutente23:
But your god said he met revenue target in August
What are you balabluing here

He met non oil revenue target but not the oil revenue one which is much bigger. Reason why Wale Edun made that outburst which seemed to contradict his boss.

Wale Edun as Finance Minister and the budget office DG are the first people to blame for not been diligent enough in challenging the basis of oil revenue projections because so much depends on it. It is not enough to put your hands up in the sky and say, see oil price was lower than budgeted or that oil volume targets couldn't be met. There are consequences for that as the President ultimately bears responsibility.

NB - we are having a conversation. Need to keep it civil.

Kushites:
ASSUMING THIS IS TRUE. IT'S A GOOD SIGN OF FINANCIAL DISCIPLINE AND PROBITY.

IN PREVIOUS YEARS, THAT MONEY WILL JUST DISSAPPEAR AND THEY WOULD TELL YOU THEY SPENT IT ON THIS AND THAT.

Today there are all sorts of digital safeguards against wasteful expenditure, embezzlement, fraudulent procurement, etc.

In fact Tinubu is training over 1000 Procurement Officers in Nigeria First policies to prevent Capital Flight with regard to contracts.

SO LONG AS THE MONEY IS STILL THERE, IT MEANS THERE IS NO CORRUPTION.

JUST CAREFUL SPENDING WITHOUT THROWING AWAY MONEY TO CORRUPTION!

Are you guys okay at all?

Let me even follow this you deficient line of thought. Why do the borrowing if he won't utilise it? Why not borrow what ought to be put in place immediately?

Why borrow if your revenue project was achieved 4 months earlier, August, 2025?

Nigerians can be so dull, and struggle to understand income and expenditure.

Government is making less than the budget, and some borrowing plans already included in the budget.

In simple lay man terms, if i plan to spend 100,000 in a year , and hope i will make 70,000 and then borrow 30,000 to make up the shortfall.


If i then begin to borrow the 30,000, then someone then wakes up to scream blue murder, it suggest they were stipid or indocile when the budget was prepared. Also, there is no guarantee i will make 70,000, i could end up making 55,000 , that suggest a shortfall of 15,000.


Nigeria has a serious income problem ! when compared to its population and infrastructural needs.

There is so much social engineering by terrible and ineffectual opposition politicians with no new ideas to deceive the very gullible populace.

I also believe the NA should begin to seriously reduce proposed budgets and make it realistic with the more realistic income profile, even though the current government is obvously taking steps to increase its income.

jogojogo:
The article is mostly true but presented in a way that creates a misleading impression. The numerical data it cites appears accurate and aligns with patterns seen in Nigeria’s official Budget Implementation Reports, where borrowing overruns, capital under‑execution and delays in project‑tied loan disbursements are common.

However, the interpretation is incomplete and framed to imply scandal or hidden misuse of funds without providing the necessary fiscal context. It does not explain that Nigeria’s borrowing covers both recurrent and capital expenditure, meaning it is incorrect to compare total borrowing directly to capital spending as if they should match.

A large share of borrowing goes to salaries, pensions, debt servicing, subsidies and statutory transfers, none of which fall under capital expenditure. The article also omits that Nigeria operates a cash‑based release system, where capital funds are only released when procurement steps are completed and cash is available, which routinely delays capital spending.

Additionally, multilateral and bilateral project‑tied loans are not disbursed immediately; they require procurement processes, environmental assessments and project readiness steps. Therefore, “zero spending” in a given quarter does not mean the money is missing — it often means the project has not reached the disbursement stage.

In summary, the data is accurate but the framing is selective, highlighting borrowing overruns and capital underspending without explaining the structural, procedural and regulatory reasons behind them. This makes the article a half‑truth: factually correct numbers presented in a way that suggests wrongdoing or mystery where there may be none.

Fantastic. Shows you understand the key issues. A balanced view of the issues always helps. Apart from paying salaries, pensions and all those recurrent expenditure, debt servicing also weighs heavily on govt finances. Could govt have negotiated debt repayments? Could it have restructured recurrent expenditure to reduce that particular burden? Govt could do a lot but typical reaction is to make capital expenditure the fall guy.

stepaside1:
He met non oil revenue target but not the oil revenue one which is much bigger. Reason why Wale Edun made that outburst which seemed to contradict his boss.

Wale Edun as Finance Minister and the budget office DG are the first people to blame for not been diligent enough in challenging the basis of oil revenue projections because so much depends on it. It is not enough to put your hands up in the sky and say, see oil price was lower than budgeted or that oil volume targets couldn't be met. There are consequences for that as the President ultimately bears responsibility.

NB - we are having a conversation. Need to keep it civil.

Are you interpreting or correcting him now?
Same people claimed that non-oil revenue has exceeded oil revenue and yet you're here saying oil revenue is bigger
Where are you getting your own info from

Kukutente23:
Are you interpreting or correcting him now?
Same people claimed that non-oil revenue has exceeded oil revenue and yet you're here saying oil revenue is bigger
Where are you getting your own info from

He needs to update his WhatsApp app to get new defence line.

stepaside1:
He met non oil revenue target but not the oil revenue one which is much bigger. Reason why Wale Edun made that outburst which seemed to contradict his boss.

Wale Edun as Finance Minister and the budget office DG are the first people to blame for not been diligent enough in challenging the basis of oil revenue projections because so much depends on it. It is not enough to put your hands up in the sky and say, see oil price was lower than budgeted or that oil volume targets couldn't be met. There are consequences for that as the President ultimately bears responsibility.

NB - we are having a conversation. Need to keep it civil.

Bros abeg go and rest. No disgrace yourself here.

Your Tinubu’s government said that thr6 earned more from non-oil sector. The government increase levies, taxes, everything. It said that it met OPEC quota.


Go and rest

Elusive001:
Wey these Tinubu’s defenders. See this una new recruit advise.

You see how people dey tie themselves. Veteran Tinubu’s defenders see this thread, cut-out, you come dey show yourself bah? When we uncloth you now here, you begin throw tantrums as usual.

Him say veteran Tinubu's defenders, so there are actually green horns or let me say Ibrahim Konate among the defenders..

Interesting.

Kushites:
ASK YOUR ILLITERATE PROFESSOR IF HE IS AWARE THAT THE STATES COMBINED RECEIVE MORE ANNUAL BUDGETARY ALLOCATION THAN THE FEDERAL GOVERNMENT.

THEN ALSO ASK THE ILLITERATE PROFESSOR IF HE KNOWS THAT THE BUDGET COMPRISES LARGELY RECURRENT EXPENDITURE, SO "20% OF THE BUDGET" MEANS WHAT, EXACTLY, IN HIS ILLITERATE HEAD?

You are either carried away by emotion or childhood. I will engage you in the future.

If Jagaban of Borgu held smart Lagosians down for 27 years with this modus operandi, then why won't he hold the entire country down with the same format of increasing tax burden, borrowing like crazy without improving government services and utilities accordingly?

As long as he can bribe politicians and buy voters tribalistic and greedy, shortsighted conscience, he is on cruise control to reelection and 3rd term agenda for life president as they have in Cameroon.

"I know of States that have received over 500 billion Naira from the Federal Government as palliative, but I have never received anything.

I think the reason I don't get it is because I'm not in APC.

-Dauda Lawal, Zamfara State Governor pic.twitter.com/QvfR8olibA

— Arewa Source (@Arewa_Source) February 17, 2026

NaijaRoyalty:
…Says Buhari doesn’t have my kind of money

However, Buhari doesn’t have the kind of money I can steal neither does he have the money I can collect. He doesn’t even have the money for Lagos votes. So, whatever I promise, it’s for real and is coming from my pocket. It’s not until I go to Alausa before I get money to give you.”

Addressing APC supporters on the need to deliver votes, Tinubu said handsome cash rewards await those who can deliver votes for the party.

He said he would not make mistakes of the past where people would collect money in advance and not deliver on election day.

Tinubu added, “Those of you that say you come to Bourdillon for mobilisation, it is mobilisation that we are doing here or don’t you understand? Definitely, if you know people in your neighbourhood, our members, how we used to do.

https://www.google.com/amp/s/punchng.com/i-said-i-was-richer-than-osun-state-tinubu-admits/%3famp

And that's the man that wants a 2nd term.
Utter fai.lure

The way this man used to denge pose as if he's thinking something very serious. I swear, nothing dey that head, just full of saw dust and mucor.........

dre11:
Despite Over-borrowing By N1.54trn, Federal Gov’t Implements Only 17.66% Of Capital Projects




https://leadership.ng/despite-over-borrowing-by-n1-54trn-federal-govt-implements-only-17-66-of-capital-projects/

Who ever thought that Trillion will one day become worthless in the hands of our government

koladata:
As in !!!!! I never expected that a whole tinubu will perform this poorly

What is whole about Tinubu's performance in Lagos as governor for eight years and master planner cum landlord subsequently

Are balablu bulabla propaganda talk, fake promises and propaganda announcements what makes Jagaban of Borgu whole?




https://www.youtube.com/watch?v=Bn29b0SkCWU

...and is still trying to add more lanes.

wallrichy:
The way this man used to denge pose as if he's thinking something very serious. I swear, nothing dey that head, just full of saw dust and mucor.........

Is that to say he is only fit to be a Nollywood actor, and not even a local government councillor

So how did smart Lagosians vote him twice and allow him hold the state since 1999 under his lootocracy master plan?

anonimi:
The eyesore on Bourdillon Road
2nd January 2025

Beyond his neighbours, there is something about the sight of people hanging around a president’s residence that does not speak well of his leadership capabilities. Maybe no one has nudged him to see it, but the impression that spectacle on Bourdillon Road generates is that Tinubu enjoys the sight of suffering humans and thrives in—and through— their poverty.

If all these years, impoverished people hang around you and you remain comfortable enough to keep them just so they can be handed tokens of your large heart, then it means you have a pro-poverty mindset. Such a frame of mind is oriented toward cultivating poverty rather than stimulating abundance.

That is why he could unproblematically relate the story of his “friend” who went from using five Rolls Royce to a far-less valued car and not consider the import of the nonsense he was saying. That spurious account was an indication that this is a man for whom poverty—of others, not himself—is an ideal.

https://punchng.com/the-eyesore-on-bourdillon-road/

CandyOps:
The USA acting like saviours while doing the worse. Check the report on USAID sponsing Terrorism. It’s online. Check out the report on the Nigerian #2 man in Army in connection to terrorism. Not my report. It’s online. And I say number 2. Since Bat is number 1.

Link- source:
https://www.youtube.com/watch?v=atDC8xabSQA

The Brits working covertly
The Chinese working overtly
The Government Dey chop

It’s pretty amazing the country is functional tbh.
It’s pretty surprising how dogged and resilient the citizens are considering the fact that it ‘barely’ even functions.

Let’s not even started.
Is it the indirect attack and erasure of every sort of resistance by religion or the complete irrelevance of the accountability system.

Why do we actually face or begin?

The dream is now to leave the country.
And we are asked to blame ourselves when the money trail shows it flows overseas.

Yet those same corporations that help store the stolen funds overseas turn around and act like the effing care?!

The hypocrisy is astounding.
I hope we get it right but then look at your history and statistics

What does the trend show? 📊
Do you positive growth trends or not?
It’s not a prayer thing.

It’s there in BLACK & WHITE
The numbers don’t lie

Come to think of the fact that most governments are know to do their best in the first tenure and then maybe relax a bit in the 2nd.

So is this the best we can do?
If this is the best imagine how the next tenure would be…

By the way… why most we allow a bad coach to carry on till the end of the season?!

Why wait till the end to kick out a bad habit?

Why is it an abomination to say the state of things and this union is not beneficial to us?

When is it okay not to speak out?!

Like when does this end? Or is this a forever thing? Like where is the hope?

The other day, I saw a video of a herdsman strongly defending his right to rear animals on the effing main road.

This is sad man how things have gotten
The most vexing part is knowing that we can do better. Na that one de pain pass.

It’s like having the top potentials of a team like PSG and not fielding your best players.

SMH
I’ll be surprised if NL doesn’t take this my post down because e no de hard them

That's a lie. Na USA publish their manual? So US dey sponsor jihad?

Govt of thieves and impunity! Stealing with reckless abandon! Nobody is disturbing them; not even the youths.

Kukutente23:
Are you interpreting or correcting him now?
Same people claimed that non-oil revenue has exceeded oil revenue and yet you're here saying oil revenue is bigger
Where are you getting your own info from

I believe the President was wrong. The real situation was made known by Wale Edun. Projected revenue was N42trn while actual receipt was about N11trn, a massive shortfall.

So in that situation, capital expenditure of about N15trn will not be adequately funded. Priority will be given to recurrent expenditure (N14trn) and debt service (N16.8trn).

Tinubu and APC are borrowing to loot in Nigeria