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Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsFg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates (6061 Views)

Poll: Is Tinubu's borrowing reflecting positively in the economy

Yes! We are seeing massive projects never seen before 9% (13 votes)
No! We only hear of monies being borrowed. We don't know what they are being spent on 85% (116 votes)
It's hard to say really and I don't really care 5% (7 votes)
This poll has ended

1 2 3 Reply (Go Down)

Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by 123papas(m): 11:34am On Jun 30
Which infrastructurehuh How many kilometers have they added this year. Tell me
HacheNoire:
Because you have failed to see it!

With the whole infrastructural projects going on across the country, you still cannot see anything.

You better start appreciating His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR).

Do you know our TOTAL debt is not up to what the US pays as INTEREST on her total debt.

Our debt has not even surpassed our GDP which tells you those investment can boost our GDP and greatly reduce our debt in the long run. The US already has debt way ahead of GDP.
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by Diligence: 11:57am On Jun 30
Just like Lagos BluePrint - the more you hear, the less you see!

Legacy: Indebtedness

A New Nigeria is POssible
Nigeria will be OK
Register to Vote Wisely and Protect Your Votes
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by victoryenergy: 12:05pm On Jun 30
Nigeria has been touched off by kleptocrats...😁😁
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by EdiskyHarry: 12:11pm On Jun 30
Once you have a well known criminal in power, there can never be any progress in such nation
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by ArcSEMPECJ(m): 12:15pm On Jun 30
HacheNoire:
Because you have failed to see it!

With the whole infrastructural projects going on across the country, you still cannot see anything.

You better start appreciating His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR).

Do you know our TOTAL debt is not up to what the US pays as INTEREST on her total debt.

Our debt has not even surpassed our GDP which tells you those investment can boost our GDP and greatly reduce our debt in the long run. The US already has debt way ahead of GDP.
The way and manners you APC chains compare Nigeria to USA baffles me....lols 😂😂😂😂😂
Do you know that just one single Soldier that fell on the Iranian ground after their jet was shot down was taken out with all military might ....

But is now 42 days , still counting that those school children are in the forest , let's not talk about how our soldiers die like chickens ...
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by geoworldedu: 12:23pm On Jun 30
Kukutente23:
Could it be that Tinubu's nursing a malignant and highly infectious STD that he doesn't want Remi Mama Alakara isonu to know about
How can you be borrowing so aggressively locally and internationally and yet precious little is seen to be going on?
You can't even fund the budget!!
Tinubu should come clean. Oko oloyun might have a cure for what he's wasting dollars on
Oko oloyun ti ku, my guy.
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by Astrologyfact: 12:24pm On Jun 30
there is this saying my language that goes like this, if it gets better from today, then it really starts on time. It's never late bro, i could assist you with daily 3 to 4 odds maybe you can watch it for 2 days then you can now stake little that you can afford to loss on it, that's if you wish. But for virtual it's a no no for me.
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by Ibehchizzy: 12:40pm On Jun 30
Tinubu is a packaged fraud
His defeat will end In pure shame
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by chidi2003(m): 1:25pm On Jun 30
Image123:
People wey no get reach 200,000naira for economy go dey hope say first class brain no collapse economy. Na wa o
Tell me how Tinubu is getting things done, more better in Nigeria of today?
Humble my words with lucid points!
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by Image123(m): 1:49pm On Jun 30
chidi2003:
Tell me how Tinubu is getting things done, more better in Nigeria of today?
Humble my words with lucid points!
After the needed subsidy removal reset, $67 Billion added to Our GDP. States that once begged for salaries are now building roads, bridges, hospitals, schools. From Ogun to Enugu, Kaduna to Ebonyi, governors admit the truth: Tinubu restructured the finances. The money is flowing.
Today, foreign reserves have stabilized and hit the highest in almost 20 years. The stock market has exploded. Investment has returned. Oil majors are back with billions. Domestic refining is rising. The Naira for crude deal eases pressure. Tax reforms shatter colonial chains.
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by SeizeTheMemes: 1:51pm On Jun 30
CharlesCNG:
This is a classic example of using correct figures to push a one-sided conclusion.

Yes, CBN data shows that credit to government rose sharply to about ₦40.38 trillion in May 2026. Nobody should dismiss that. Government borrowing must always be watched because excessive domestic borrowing can crowd out private-sector lending and keep interest rates high.

But the writer then smuggles in a lazy conclusion: that this automatically means reckless money-printing, inflation explosion and naira collapse. That is where the analysis becomes political propaganda wearing an economist’s coat.

First, CBN’s category is “Credit to Government (Net).” That is not the same as saying Tinubu printed ₦40 trillion and sprayed it into the economy. Net credit to government includes banking-system claims on government, netted against government deposits and other monetary items. It must be interpreted carefully.

Second, the same May 2026 monetary data shows that the rise in money supply was largely driven by improved Net Foreign Assets, not simply government borrowing. In fact, base money declined in May. So the claim that government borrowing automatically flooded the system with fresh naira is too simplistic.

Third, inflation has not risen in the dramatic direction his argument suggests. May 2026 headline inflation was far lower than May 2025, even if there was a mild month-on-month uptick. That means the story is more complex than “government borrowed, therefore prices exploded.”

Fourth, private-sector credit remains larger than government credit — about ₦81 trillion against ₦40 trillion. The real concern is not that banks have stopped lending entirely, but that high rates, credit risk, weak consumer demand, FX pressure and business uncertainty are making banks cautious.

So yes, government must reduce waste, improve revenue, widen tax efficiency, and borrow less. But let us not turn every CBN table into anti-Tinubu bedtime horror.

The honest conclusion is this: Nigeria has a fiscal pressure problem, but it also has a stabilisation story. Inflation has moderated year-on-year, the CBN is still tight, foreign assets improved, and private-sector credit remains substantial.

A serious analyst would present both sides. A partisan analyst picks one figure, adds panic, and calls it research.
You wrote this with AI didn't you? You can't even defend the corrupt government with your own brain. Disgraceful
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by CharlesCNG: 2:21pm On Jun 30
SeizeTheMemes:
You wrote this with AI didn't you? You can't even defend the corrupt government with your own brain. Disgraceful

This is the weakest escape route in modern debate: when you cannot answer the argument, accuse the grammar of being AI.


That is not a rebuttal. That is intellectual surrender with attitude.

If the figures are wrong, correct them. If the CBN classification is wrong, show it. If Net Credit to Government means “Tinubu printed ₦40 trillion and shared it,” prove it. If base money did not decline, bring your data. If private-sector credit is not still larger than government credit, show the table.

But shouting “AI” because a response has paragraphs, punctuation and logic is not analysis. It only means you are offended that the reply did not come in the usual format of abuse, emojis and economic illiteracy.

And let us even assume AI helped arrange the argument — so what? A calculator helps with maths; it does not make the answer wrong. A dictionary helps with spelling; it does not make the sentence false. The question is not whether a tool helped express the point. The question is whether the point is correct.

This is the fallacy: attacking the source instead of addressing the substance.

You called it “defending corrupt government,” but you still have not answered the core issue: your argument took one CBN figure and built a panic cathedral around it.

So please, leave my brain and face the data. My brain has done its part. I am still waiting for yours to report for duty.
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by CharlesCNG: 2:33pm On Jun 30
tpain121:
You do know you don’t need this long rubbish you wrote if these achievements are real ?

You go explain Taya . No evidence.
That is exactly where you miss the point.

I am not writing long explanations because I am trying to convince you Obidients.
You, obidients , are not the target audience of my write-ups on Nairaland. Many of you are already locked inside political certainty. Once a person has decided that everything Tinubu does is evil and everything Obi says is scripture, evidence becomes useless.

My write-ups are for the undecided, the curious, the silent readers, the independent-minded, and those who still have the patience to weigh facts, context and alternative perspectives without turning every disagreement into warfare.

You say “if the achievements are real, you don’t need to explain.” That is funny. Lies travel in slogans; truth often needs explanation. Propaganda survives by shortening everything into abuse: “fraud,” “failure,” “nothing is happening.” But serious issues like subsidy reform, FX policy, credit to government, inflation trend, infrastructure funding, tax reform and budget execution cannot be reduced to street insults.

That is why people like you fear explanation. Explanation exposes lazy narratives. Explanation separates data from drama. Explanation shows that the economy is not perfect, Nigerians are suffering, but reforms are also producing early stabilisation signs.

You want me to stop explaining so you obidients one-line propaganda can stand unchallenged. Sorry, that will not happen.

I will always challenge obidients falsehood, exaggeration and selective outrage.

So no, I am not explaining “taya.” I am documenting the other side for people who still want to think.

You can keep shouting “no evidence.” The evidence is for readers, not for closed minds.
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by CharlesCNG: 2:39pm On Jun 30
ogwuche4u:
Are you that daft or your sense of reasoning has been hijacked?
How is NELFUND an achievement? In trying to sound wise, you ended up making an outright fool of yourself.
I hate you honestly. You disgust me.
Your “I hate you, you disgust me” line is not the devastating argument you think it is. It only shows that the discussion has left economics and entered emotional biology.

Now to NELFUND.

You may dislike Tinubu, but pretending NELFUND is not an achievement is dishonest. A student loan system that gives many young Nigerians access to tertiary education funding is a policy achievement. You can question implementation. You can ask whether disbursement is fast enough. You can ask whether repayment terms are sustainable. You can even argue that grants would be better than loans. Those are valid criticisms.

But to say it is not an achievement at all is unserious.

For decades, many Nigerians have been unable to enter or remain in school because their parents could not pay fees. If a government creates a structured national education-financing scheme to reduce that barrier, only political bitterness will make someone dismiss it completely.

The problem is that once Tinubu is attached to anything, some of you obidients lose the ability to judge it independently. If another politician introduced NELFUND, you would call it visionary. Because Tinubu did it, it suddenly becomes foolishness.

That is not reasoning. That is political allergy.

So please, keep your disgust. It is your constitutional right to be emotionally inconvenienced by facts.

But hatred is not a counterargument. If you believe NELFUND is useless, explain why access to education finance is bad policy. Until then, your anger is merely noise with saliva.
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by danietohbadt(m): 2:40pm On Jun 30
HacheNoire:
Because you have failed to see it!

With the whole infrastructural projects going on across the country, you still cannot see anything.

You better start appreciating His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR).

Do you know our TOTAL debt is not up to what the US pays as INTEREST on her total debt.

Our debt has not even surpassed our GDP which tells you those investment can boost our GDP and greatly reduce our debt in the long run. The US already has debt way ahead of GDP.
No hospitals, no railways, no electricity, no schools.

Just loans upon loans, locally and internationally.

What infrastructural projects are you talking about actually.
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by Gboss247(m): 2:42pm On Jun 30
Image123:
After the needed subsidy removal reset, $67 Billion added to Our GDP. States that once begged for salaries are now building roads, bridges, hospitals, schools. From Ogun to Enugu, Kaduna to Ebonyi, governors admit the truth: Tinubu restructured the finances. The money is flowing.
Today, foreign reserves have stabilized and hit the highest in almost 20 years. The stock market has exploded. Investment has returned. Oil majors are back with billions. Domestic refining is rising. The Naira for crude deal eases pressure. Tax reforms shatter colonial chains.
The Nigerian GDP growth is powered by Dangote refinery and fertilizer exports and not petrol subsidy where the federal borrowed in nairas to subsidize petrol.
Stop defending nonsense!
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by 2tpick: 2:57pm On Jun 30
SeeWahala:
you self, undecided small small with the "education" cry he's already calling you his brother for crying out loud sad

he will run away o ! shocked
cheesy grin grin

Baba most of these people are confusionist. If you read between the lines, you will see how he tried to be magical with words dropping lines without real answers to questions posed.
He blamed buhari in one of his responses without knowing that Tinubu has done worse in the very same thing he accused buhari of doing.
That same person must have praised buhari for 8 years using another moniker but to defend Tinubu now, he must sacrifice buhari
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by Image123(m): 3:13pm On Jun 30
Gboss247:
The Nigerian GDP growth is powered by Dangote refinery and fertilizer exports and not petrol subsidy where the federal borrowed in nairas to subsidize petrol.
Stop defending nonsense!
Oh, so when the GDP is shrinking, we should blame government. When it grows, we should stop defending nonsense. Selective reasoning.
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by HacheNoire: 3:16pm On Jun 30
ArcSEMPECJ:
The way and manners you APC chains compare Nigeria to USA baffles me....lols 😂😂😂😂😂
Do you know that just one single Soldier that fell on the Iranian ground after their jet was shot down was taken out with all military might ....

But is now 42 days , still counting that those school children are in the forest , let's not talk about how our soldiers die like chickens ...
Show us the picture of the soldier? Stop falling for everything!

Is same you that use to use “In saner climes”

Now that I have compared our great country with same saner climes, it becomes a problem.
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by HacheNoire: 3:17pm On Jun 30
123papas:
Which infrastructurehuh How many kilometers have they added this year. Tell me
Where in the world do massive infrastructural projects get completed overnight?

Be patient! Our great country is evolving into greatness.
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by HacheNoire: 3:19pm On Jun 30
Memeni:
You're a goddamn forsaken fool. A liar and a freak of nature.A total worthless clown. I just wish this hardship can only affect people like you but the truth is everyone suffers. You imbeciles always use USA as a case study ti justify your dimwitted brains and a chronic failure of a president forgetting that the USA is a billion times far ahead of you in all sectors and even in common sense
Let us have access to same $38 trillion had access to and see if they won’t be behind us.

Your lots will compare our great country with “saner climes@ when you want to rubbish our country, but when such is reciprocated, you become rabid dogs.
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by HacheNoire: 3:21pm On Jun 30
villagereporter:
May you never end well for defending dis bastard from yòrùbá land. Eyin olóribú gbogbo. Just last week 1litre of dragon is 5k but yesterday when I want to purchase it, it was 6k or 5,5k, and you moribund good for nothing people will come online to glutton and salivate over a coastal road dat your 10th generation may not ply as success of a failed govt. Ògún má pa gbogbo yin ni.
The government is not your problem. Majority of your problem comes from the curses you make that end up dwelling with you.
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by Emeskhalifa(m): 3:45pm On Jun 30
Kukutente23:
See foolish talk
Is it GDP that pays debt or revenue
At least US used their debt to become world power
Meanwhile even Africa power don comot your hand courtesy of the joint incompetence of Bubu and Balablu
Go and fry akara!!
So what has the so called world power got them recently? World power that couldn't humble Iran? Or the so called World power that China is already ahead of in terms of modern technology?

Abeg talk another thing
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by chidi2003(m): 4:18pm On Jun 30
Image123:
After the needed subsidy removal reset, $67 Billion added to Our GDP. States that once begged for salaries are now building roads, bridges, hospitals, schools. From Ogun to Enugu, Kaduna to Ebonyi, governors admit the truth: Tinubu restructured the finances. The money is flowing.
Today, foreign reserves have stabilized and hit the highest in almost 20 years. The stock market has exploded. Investment has returned. Oil majors are back with billions. Domestic refining is rising. The Naira for crude deal eases pressure. Tax reforms shatter colonial chains.
Money inflows increased to states, right?
Subsidy was removed; why is Tinubu still borrowing the more?
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by Image123(m): 4:48pm On Jun 30
chidi2003:
Money inflows increased to states, right?
Subsidy was removed; why is Tinubu still borrowing the more?
i gave you undeniable lucid pointS as you requested. Seems that you don't want them, you want to pick holes instead. Nonetheless, i will oblige you till there's no shadow of doubt on intent.
1. $67 Billion added to Our GDP.
2. States that once begged for salaries are now building roads, bridges, hospitals, schools. From Ogun to Enugu, Kaduna to Ebonyi, governors admit the truth: Tinubu restructured the finances. The money is flowing.
3. Today, foreign reserves have stabilized and hit the highest in almost 20 years.
4. The stock market has exploded.
5. Investment has returned. Oil majors are back with billions.
6. Domestic refining is rising. The Naira for crude deal eases pressure.
7. Tax reforms shatter colonial chains.

Seven real economic improvements. Money inflows increased to states, it's not a question. i really wonder why you are asking.
As for borrowing, subsidy wasn't stopped so that Nigeria will not borrow. Every major country and even company borrows. Subsidy was stopped because it wasn't sustainable and we were even borrowing to pay it. Today, instead of borrowing or making money to pay for subsidy, the borrowing is used mainly for projects and infrastructure.
Because we need infrastructure NOW, we can't wait ten years saving for it. If you really need a car or house or education and you cannot immediately afford it with your earnings, nothing wrong with you borrowing for it. It's called different names like credit or mortgage or loan. This is a global practice. You either borrow, or look for funding. Like many of the current projects are also PPP. e.g Lagos-Calabar coastal highway.
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by realhovaps(m): 6:30pm On Jun 30
I was discussing this with someone recently, mehn you broke this down so incredibly well the borrowing is too much and begs the question on govt spending . Govt needs to be creative this time, borrowing or taxing is not enough and the delay is worsening .

Govt esp needs to be creative with the banks, and shouldn't neglect loaning or having programs packages in terms of risk as well on both sides that helps private or small biz, even the 9% package I heard is still high

In the coming days am expecting more answers in terms of govt spending from govt agencies, Ministers and Governors
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by OGOLMEKZ95: 11:21pm On Jun 30
CharlesCNG:
My brother, you made some fair technical corrections, but then spoiled them with the usual Obidient seasoning of exaggeration, insult and selective economics.

First, on NELFUND, you are right that the student loan scheme is not funded from the Afreximbank or Abu Dhabi loans. The 2024 Student Loan Act created NELFUND as a sustainable education-financing institution to provide loans for tuition, charges and upkeep. So yes, it should not be lumped casually into external-loan accounting. But that does not erase the fact that NELFUND is a Tinubu-era social investment reform. A good policy does not become invisible because it is not funded by the particular loan you want to discuss.

Second, on the Afreximbank facility, let us be accurate. The well-documented facility was the NNPCL-backed $3.3 billion crude-oil prepayment facility, not some vague “where is $6bn?” slogan. Reuters reported that NNPC secured the facility to support reforms and stabilise the FX market, while Afreximbank said the first $2.25bn was disbursed, with another $1.05bn expected, and later Reuters reported total disbursement had reached about $3.175bn. So if you want accountability, ask for the structure, repayment and transparency — don’t just throw “$6bn” into the air like campaign confetti.
Third, the **$5bn First Abu Dhabi Bank arrangement** is also not something to be defended blindly. The IMF itself warned that such TRS/derivative-style borrowing can be opaque and risky. Fair point. But the same Reuters report says the proceeds are intended to refinance expensive debt and fund infrastructure. So the serious argument is transparency and debt-risk management, not “Tinubu is destroying everything.”

Fourth, Lagos-Calabar and Sokoto-Badagry being EPC projects does not mean money is not involved. EPC is a contract delivery model, not Father Christmas. Someone still finances design, engineering, procurement, construction, guarantees, counterpart obligations and repayment. You can question the financing model, but pretending EPC means “no fiscal implication” is economics by moonlight.

Fifth, on GDP per capita, let us not play with numbers. Nigeria’s GDP per capita has fallen badly in dollar terms, yes, partly because of naira depreciation and weak productivity. But the claim that it fell from **$5,000** is not supported by World Bank data; World Bank data shows Nigeria’s recent GDP per capita much lower, with 2024 at about **$1,084**. So again, there is a real problem, but you do not need inflated figures to make it.

Sixth, you asked how 4% growth gets Nigeria to a $1 trillion economy. On real GDP growth alone, it does not. That target requires higher real growth, exchange-rate stability, investment expansion, productivity, exports, oil output recovery, tax reform, infrastructure and possibly statistical rebasing. So yes, $1 trillion by 2030 is extremely ambitious. But dismissing 4% growth as useless is unserious. You do not jump from crisis to miracle; you stabilise first, then accelerate.

And that is where your “Tinubu is not repairing anything” line collapses. The World Bank says subsidy removal and FX reforms are crucial to rebuilding fiscal space and restoring macroeconomic stability. It projected growth improving from 3.3% in 2023 to 3.7% in 2024 and 4.1% in 2025 if reforms are sustained. NBS also reported Q1 2026 GDP growth of **3.89%**, higher than **3.13%** in Q1 2025, with manufacturing, trade, construction and oil sector improvements.
Even Reuters reported that the 2026 budget allocated **₦26.08 trillion to capital projects**, focusing on security, infrastructure, education and health, while inflation had fallen from **24.23% in March to 14.45% in November**, and reserves had risen to about **$47bn**. Those are not signs of an economy magically fixed, but they are signs of stabilisation.

So let us be honest: Nigerians are suffering, and government must do more. Borrowing must be transparent. Waste must be cut. Debt must be managed. The benefits of reform must reach ordinary people faster.

But saying “nothing is being repaired” is not analysis. It is frustration pretending to be research.

Tinubu inherited a distorted economy built on subsidy fraud, FX illusion, weak revenue and debt pressure. He may be criticised for the pain of the surgery, but do not pretend there was no disease before the doctor entered the theatre.

The honest debate is not whether reform was necessary. It was. The real debate is speed, sequencing, cushioning, transparency and delivery.

That is where serious people should argue — not with akara jokes and economic hysteria.
You have actually convinced yourself that we will vote for your failure in Aso Rock. Smh.
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by 123papas(m): 11:42pm On Jun 30
HacheNoire:
Where in the world do massive infrastructural projects get completed overnight?

Be patient! Our great country is evolving into greatness.
The only work that has happened this year on the coastal road is paving of the reported completed scope.
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by 1vandragon: 5:20am On Jul 01
CharlesCNG:
The problem is that you cannot see what you have already decided not to see.

Nobody is saying Nigerians are not suffering. Nobody is saying poverty is not high. Even the World Bank says poverty remains high and that macro gains must translate faster to households. But the same World Bank also acknowledges that the reforms since 2023 have helped stabilise the economy. You cannot quote only the pain and pretend the stabilisation does not exist.

You say roads are less than 10% completed-absolutely not true.
Over 2,700km of roads are under development. That is not “nothing”; it is work in progress.

On poverty, yes, the figures are painful. The World Bank estimated poverty rose to about 63% in 2025. But serious people ask why: inflation shock, weak productivity, inherited structural failure, subsidy distortion, low revenue, insecurity and poor social protection delivery.
Partisan people simply shout “Tinubu destroyed everything.”

You also keep asking about crude-backed repayment. Fine. Ask for repayment schedule and transparency. But that does not cancel the fact that the Afreximbank facility was publicly documented as a $3.3bn NNPC crude-prepayment facility, with initial disbursement disclosed.

The honest position is simple: Nigerians are still hurting, but there are signs of stabilisation — inflation easing, reserves rising, investor confidence improving, roads ongoing, and fiscal reforms taking shape.

Your position is also simple: if it is Tinubu, it must be fraud.

But any candidate who can do better than Tinubu must show me exactly how he will do better, not just shout that Tinubu has failed.

What will he do differently?

Will he reverse subsidy removal? If yes, where will he get the money to fund it?

Will he re-peg the naira artificially? If yes, how will he stop another FX backlog?

Will he reduce borrowing? Good. What spending will he cut? Salaries? Capital projects? Security? Debt service?

Will he fight insecurity? Fine. What is his position on state police, intelligence reform, border control, technology, local recruitment and forest policing?

Will he grow the economy? Excellent. What is his plan for power, manufacturing, exports, agriculture, mining, tax reform and investor confidence?

That is the alternative I am looking for — not anger, not insults, not “anybody but Tinubu.”

For now, I see Tinubu attempting painful structural reforms: subsidy removal, FX reform, tax reform, local government autonomy, student loans, infrastructure push, and now state police. Are they perfect? No. Are Nigerians still suffering? Yes. Must government do more? Absolutely.

But I will not abandon a difficult reform path simply because someone offers sweeter slogans without a costed plan.

So bring me a candidate with better structure, better courage, better policy, better coalition and better implementation capacity. I will listen.

Until then, my position remains this: Nigeria needs alternatives, but the alternative must be viable — not emotional packaging with no engine.
The problem with your kind is that you are too invested in self deceit.

Are socioeconomic reforms done for reforms sake or to achieve a better society? Where is the evidence of the positives of the reforms on the masses?

Who has the economy stabilised for? The people you are giving 50k to start akara business or who? The reforms have thrown millions more into avoidable multidimensional poverty, what sort of reform is that? That is how your kind praised buhari to the high heavens despite his obvious incompetence and you are doing same with the dingbat.

Are roads some kind of new thing? Is there any government that has not constructed roads? Road contracts that the dingbat gives to his confidante at exorbitant prices without following due process. There will always be roads to construct. Roads were constructed before the dingbat and there will be roads constructed after he is gone.

Yes, the dingbat destroyed the socio-economic system for the masses. People are getting poorer. By now, there should have been a significant progress in the socio-economic lives of the masses. He inherited problems, has he solved any problem that benefits the masses? Are killings and kidnappings not happening at worse rates? Inflation remains high, people are getting poorer, Nigeria has one of the highest bank loan interest rates in the world.

Didn't you and he praise buhari when buhari was destroying things? When people spoke up then, you used your propaganda to defend the failure and now you are doing same thing despite the obvious incompetence.

Why can't the government be open with how much crude it has to give for the loans taken? Is it rocket science? Anyway, it is not surprising, the dingbat has always reveled in opaqueness both in governance and personal life.

Again, who are the reforms helping? Certainly not the masses. The government that is forcing reforms down the throats of the masses is not following its own reforms. They remove subsidy for the masses but keep increasing subsidies for themselves, does that make sense to you? What sacrifice have they also made in view of the hardship they have caused?

Pdp significantly improved the economy for the masses. People felt the positivity. It wasn't also perfect just like you are excusing the dingbat today, but change was needed. Now that the dingbat is performing worse, you don't want people to speak up for change again.

So stick to your position, the bottom line is that the dingbat is a collosal failure.
Re: Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates by Gboss247(m): 12:28pm On Jul 01
Image123:
Oh, so when the GDP is shrinking, we should blame government. When it grows, we should stop defending nonsense. Selective reasoning.
Petrol subsidy removal has nothing to do with GDP growth, stop defending nonsense.
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