Fg’s Borrowing Jumps 75.6%—what It Means For The Naira And Interest Rates - Politics (2) - Nairaland
Nairaland Forum › Nairaland General › Politics › Fg’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 |
| 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 infrastructure How many kilometers have they added this year. Tell meHacheNoire: |
| 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: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: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: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: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: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: 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: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: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: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: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: ![]() 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: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: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: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: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: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: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: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: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: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: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 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:Petrol subsidy removal has nothing to do with GDP growth, stop defending nonsense. |
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How many kilometers have they added this year. Tell me
small small with the "education" 