₦airaland Forum

LagosOrigin:
You're a tinubu supporter and the fact that you used the word "If" shows deep down, you're not in support of this senseless borrowings. You don't need to argue with me because I understand you must work for your stipend.

hahaha '....you must work for your stipend....'

LagosOrigin:
This man has finally gone mad

The kaduna rejection has gotten to his brain and turned it upside down .. he's in desperate need of more money now to save himself from defeat staring at him in the face in 2027 election .. but it's already too late.

.
This youth needs medical attention

VOsimhen144:
Tinubu is going about borrowing money like a mad man after removing the fuel subsidy.

Why did Tinubu removed fuel subsidy if he will continue to borrow up and down? The major reason to remove fuel subsidy is to reduce or stop borrowing.

The purpose of subsidy removal has been failed. Nigerians we have been scamed

Tinubu is far worst than Buhari.

It was the IMF and World Bank that told him to remove subsidy so that he will have access to more loan facilities. Without that they were not going to borrow him any kobo. That's because without that being done it would be difficult for Tinubu or Nigeria as a whole to service the loans that they will request from IMF and World Bank, so the subsidy removal only benefits the lenders and not the country itself, anyone who says otherwise is a bloody liar!
At least 70% of the subsidy money is now going into the pockets of these organisations ( IMF and World Bank) 15% goes to the governors while the rest is used to support the Naira from hitting ₦2,500 per dollar.

These people are playing games on our intelligence as a people and that's because we have been too divided to actually do something about it.

Parachoko:
Asiwaju Government is corruption free

So I know when the National Assembly approves it, it will be judiciously spent

You no go still see Prado SUV, not even fairly used keke napep

Looks like a structured exit scam to me, just in case the election he plan to rig goes south.

We told you Ahmed Tinubu is a criminal. A raw and unadulterated con-artist.

If you're still in need to evidence, how about a bed space in a psychiatric institution where his paid defenders obviously belong.

Putinofrussia:
It is still part of the MTEF the Senate approved as loan in 2025.
It covers both 2025 and 2026.
I think this is the last batch before new borrowing...but less...for subsequent years.
Just let them use it judiciously.




No govt is perfect.The only problem of Tinubu's govt is the removal of subsidy which is unfortunately a "must do" if Nigeria is not going to become totally bankrupt and govt collapse.
Secondly,hardship is all over the world mainly because of the USA Iran conflict.
Apart from all of these,no previous govt has ever performed like Tinubu in the area of infrastructures,Education,Social welfare,Health,Aviation etc.

As per debt,add Buhari's $22.4 billion...this is the #30 trillion baba Buhari printed which was added to Tinubu's debt (securitized ) and $10.4 billion....this is all the IMF debt that Tinubu paid and Buhari $7 billion debt to foreign airlines that Tinubu also paid....together which equals to $32.8 billion.
Now remove $32.8 billion from Nigeria's debt and you will see that President Tinubu has not borrowed more than previous govts but he has performed excellently more than all of them combined and he has been,very prudent.

Anybody well versed in this can take me on to explain how he thinks Tinubu has borrowed more while it is otherwise.
Yes,he is still going to borrow more just like other countries,Fortunately,we can see the infrastructures he is executing...more than all previous govts combined since 1960... and the massive social welfare he has embarked upon.
Just like I said,the only problem with this administration is the effect of removal of subsidy and the global hardship.
Both are going to fizzle away very soon.
Without these two,his performance has been above all the govts Nigeria has had.

.

What non.sens is this one saying? There's no worldwide hardship and the war in Iran only started early this year meanwhile the hardship in Nigeria started Immediately Tinubu took over and removed subsidy+ floated the Naira. You all must think us as fuuls or something sha.
Besides how did the war in ira. Cause hardship meanwhile your personal lord and saviour Tinubu is blaming it on the opposition? Can you not see how incoherent your( both you and Tinubu) excuses actually are?

Parachoko:
What kind of corruption is happening on this road project

show me when and where bidding was done for the award of the contract. Transparent bidding is a prerequisite for awarding government contracts

FEDERAL LOAN TO REBUILD LAGOS

symbianDON:
show me when and where bidding was done for the award of the contract. Transparent bidding is a prerequisite for awarding government contracts

Show me the transparent bidding that was done for the construction of a new defence HQ by Julius Berger in Abuja

Parachoko:
How much Obi dey pay you for working for him on Nairaland?

Listen to yourself.

Parachoko:
Show me the transparent bidding that was done for the construction of a new defence HQ by Julius Berger in Abuja

well, there you have it! Another corruption exposed by you! Thanks man

symbianDON:
well, there you have it! Another corruption exposed by you! Thanks man

Show me evidence Alex Otti asked people to bid when he bought a Toyota Hilux for over a billion naira

Parachoko:
Lagos Calabar Coastal Highway

Really? And money saved from subsidy removal has been used for?

I don't know how much your stipend is but defending rubbish makes you ridiculous.

I

Putinofrussia:
It is still part of the MTEF the Senate approved as loan in 2025.
It covers both 2025 and 2026.
I think this is the last batch before new borrowing...but less...for subsequent years.
Just let them use it judiciously.




No govt is perfect.The only problem of Tinubu's govt is the removal of subsidy which is unfortunately a "must do" if Nigeria is not going to become totally bankrupt and govt collapse.
Secondly,hardship is all over the world mainly because of the USA Iran conflict.
Apart from all of these,no previous govt has ever performed like Tinubu in the area of infrastructures,Education,Social welfare,Health,Aviation etc.

As per debt,add Buhari's $22.4 billion...this is the #30 trillion baba Buhari printed which was added to Tinubu's debt (securitized ) and $10.4 billion....this is all the IMF debt that Tinubu paid and Buhari $7 billion debt to foreign airlines that Tinubu also paid....together which equals to $32.8 billion.
Now remove $32.8 billion from Nigeria's debt and you will see that President Tinubu has not borrowed more than previous govts but he has performed excellently more than all of them combined and he has been,very prudent.

Anybody well versed in this can take me on to explain how he thinks Tinubu has borrowed more while it is otherwise.
Yes,he is still going to borrow more just like other countries,Fortunately,we can see the infrastructures he is executing...more than all previous govts combined since 1960... and the massive social welfare he has embarked upon.
Just like I said,the only problem with this administration is the effect of removal of subsidy and the global hardship.
Both are going to fizzle away very soon.
Without these two,his performance has been above all the govts Nigeria has had.

.

If Nigeria earned same minimum wage as the so called developwd world u mentioned. Do you think Nigeria won't be abl for to afford 3k per litter even if Govt increase tax to 35%?

Whats is f.

Does he understand any other language apart from borrowing and tax collection? After, it would be used to buy jeep for APC youth leaders.

etokhana:
https://dailytrust.com/breaking-tinubu-asks-senate-to-approve-20-5bn-e1-04bn-foreign-loans/

I am sorry for this country.. we are so unlucky with the kind of leader we have.

Parachoko:
If the money will be spent on infrastructure, power, transportation, healthcare, education, agriculture, water supply, security etc, there's nothing wrong with taken the loans

Obviously it wont

What for

Parachoko:
If the money will be spent on infrastructure, power, transportation, healthcare, education, agriculture, water supply, security etc, there's nothing wrong with taken the loans

The money will be spent only in Lagos and some parts of ogun state
Little o though and the rest bullion van to bourdollion

Parachoko:
If the money will be spent on infrastructure, power, transportation, healthcare, education, agriculture, water supply, security etc, there's nothing wrong with taken the loans

All the ones he borrowed, what did he used it for?
Like you said, let him borrow, I suggest he borrowed more and more after all, it only a section of Nigeria will pay it back. Other sections should relax, no cause for Alarm.

okeke6969:
All the ones he borrowed, what did he used it for?
Like you said, let him borrow, I suggest he borrowed more and more after all, it only a section of Nigeria will pay it back. Other sections should relax, no cause for Alarm.

He's using it to build roads, refurbishing the Lagos airport etc

LagosOrigin:
I know you were laughing at your comment after you posted it here ..

Like I said before, I understand you must work for the stipend being paid to you by APC to defend tinubu calamity government 😂

His defence is irrelevant. Men of timbers and calibres are not even recognised let alone Nairaland keyboard warriors 🤣🤣🤣🤣🤣

BetterScottish:
X 10 sef! I swear that hin moniker name dey really affect am for real life, no jokes

Those guys are sore losers and very pathetic. Them dey always make person vex with d nonsense wey dem dey always talk sometimes

Parachoko:
If the money will be spent on infrastructure, power, transportation, healthcare, education, agriculture, water supply, security etc, there's nothing wrong with taken the loans

The ones he has already borrowed, can you point to the infrastructure, power, transportation, healthcare, education, agriculture, water supply, security, etc., that the money was spent on?

Ofunaofu:
The ones he has already borrowed, can you point to the infrastructure, power, transportation, healthcare, education, agriculture, water supply, security, etc., that the money was spent on?

Lagos Calabar Coastal highway

Shagamu Ijebu ode Expressway

Construction of access roads and bridges to connect the 2nd Niger bridge

Rehabilitation of the MMIA

Sokoto Badagry expressway

Kaduna-Kano-Sokoto railway

Our production of wheat has increased by more than 100%

Rehabilitation of the 1st Niger Bridge

Etc

Parachoko:
Lagos Calabar Coastal highway

Shagamu Ijebu ode Expressway

Construction of access roads and bridges to connect the 2nd Niger bridge

Rehabilitation of the MMIA

Sokoto Badagry expressway

Kaduna-Kano-Sokoto railway

Our production of wheat has increased by more than 100%

Rehabilitation of the 1st Niger Bridge

Etc

But Buhari did much more. He built the Second Niger Bridge, implemented Nigeria’s largest social investment programme, the N-Power programme, and continued paying fuel subsidies, all without accumulating as much borrowing and debt as we have seen under Tinubu in his entire eight-year tenure.

LagosOrigin:
This man has finally gone mad

The kaduna rejection has gotten to his brain and turned it upside down .. he's in desperate need of more money now to save himself from defeat staring at him in the face in 2027 election .. but it's already too late.

The Akpabio and the clowns he's leading at the NASS are more mad than Tinubu.

Ofunaofu:
But Buhari did much more. He built the Second Niger Bridge,

The Bridge is not presently serving it's purpose because access roads were not constructed by Buhari

He only construed the bridge

Asiwaju is building access road to the bridge in Delta and Anambra state

It's a massive project

Watch the video below


https://www.youtube.com/watch?v=g8vACExYJT4?si=nU2XNnRCJ3akGM6Z

Loan upon loan, to what end is he doing this?

Nigeria is doom, if this empty skull wins 2nd term.

Parachoko:
If the money will be spent on infrastructure, power, transportation, healthcare, education, agriculture, water supply, security etc, there's nothing wrong with taken the loans

you are sick! What happened to the funds earned after subsidy removal?

VOsimhen144:
Tinubu is going about borrowing money like a mad man after removing the fuel subsidy.

Why did Tinubu removed fuel subsidy if he will continue to borrow up and down? The major reason to remove fuel subsidy is to reduce or stop borrowing.

The purpose of subsidy removal has been failed. Nigerians we have been scamed

Tinubu is far worst than Buhari.

It is simple economics, the removal of the so called subsidy, is what qualifies Nigeria for the loan.