APC has borrowed more in 3 years than PDP did in 16 years.

Ask Tunde Bakare.

BakireBulmaker:


Don't be a goat!

I said I don't have time to start searching for links. I don't do such on Nairaland.

Rather, Tunde Bakare made the assertion and backed it up with figures and I saw it here on Nairaland.

Are you doubting me or Tunde Bakare

What will you do after I show you evidence?
Will you repent of your aboooki asslicking lifestyle

obailala:


Of course APC borrowed more than PDP but giving the 16 vs 3 years is a sensational comparison to sway emotions. Firstly, as at 2008/2009, Nigeria was virtually free of debts and all the debts by PDP were only from 2009-2015. So if we must compare, it is actually 6 vs 3 years, not 16 vs 3 years.

And then if its analysed a little more critically, the only way to get out of a recession is to borrow and spend. As at late 2014 when oil prices was still up to $70, the finanxe ministry already predicted a major economic crisis and it stepped up borrowing to prevent a recession. We all know that by end 2015/start 2016, oil prices dropped further to $28, Nigeria's oil export also dropped by over 60% due to pipe bombings and in general, Nigeria's income dwindled by over 70-80% heralding the official recession in Q1 2016. Irrespective of the low income, Nigeria still had standard operational/recurrent expenses that needed to be met, salaries had to be paid, hospitals had to be run, armed forces had to be financed etc., and since there was virtually nothing in savings, borrowing was the only option.

So without much thought, I think it's quite clear to all why Nigeria had to borrow so much between 2015 and 2017. The question that really bogs my mind is why Nigeria had to borrow so much between 2009 and 2015 when oil sold for averages over $100, and when Nigeria received unprecedented high income.

Firefire:
“If he (Mohomodu Buhary) cannot read the three-volume book, he should detail his aides to do so and summarise the chapters in a language that he will easily understand,”


The book should be translated to Fufude or Hausa for the dullardino to understand.

Shege!

BakireBulmaker:


@bolded
Yes the masses backed by the cabal wouldn't let GEJ completely remove subsidy - the largest single source of corruption in the country.

Maintaining pump price at N87/N97 made nonsense of whatever was the price of crude oil in the world market and what it should have profited us.

obailala:
Well, it all balls down to trust. When the debate for fuel subsidy removal was on, the points made by SLS and NOI in support of subsidy removal were very clear to all, but the lackadaisical attitude of the government in going after the fraudsters led to the disapproval by the Nigerian masses.

And yeah, it was the Nigerian people that roundly rejected it then, not any particular cabal, Nigerians have always rejected and protested every single fuel price increase since as long as I can remember, so I don't see how the one of 2012 (almost a 100% increase) could have been any different, or the work of a cabal.

lastpage:


Stop asking silly "aboki-type" questions!

OBJ was President for 8yrs and he earned salary, allowances, Estacodes as the most travelled President, he earned 'patronages', he got kickbacks on TransCorp and other Privitisation projects (with hell Rufai) like NEPA, NICON, Power Plants, e.t.c

You think it is just those '150 cows in Daura' that is producing all the money that Buhari and his family are spending or where did Buhari's osn get the over #40Million to buy those two PowerBikes?

Certainly, Buhari and OBJ are corrupt and Buhari should probe OBJ now, because when the time for his own probes comes, we will ask him, just like we asked GEJ, why he could not probe OBJ.

BigBrother9ja:

0lodo
An average wind turbine cost around a million dollars.
With 16 Billion dollars, Nigeria can obtain 16000 UNITS!
USE YOUR BRAIN.

BakireBulmaker:


Don't be a goat!

I said I don't have time to start searching for links. I don't do such on Nairaland.

Rather, Tunde Bakare made the assertion and backed it up with figures and I saw it here on Nairaland.

Are you doubting me or Tunde Bakare

What will you do after I show you evidence?
Will you repent of your aboooki asslicking lifestyle

deomelo:



You are on a public forum where people discuss issues and exchange sane, rational views and thoughts, so, of what relevance is your presence here if all you have to offer is other people's opinions and non factual views that you yourself can not support with any sane and rational facts.?

If you are going to make claims, quote and debate other people, common sense dictates that you purvey your own personal views and assertions with credible facts.

Don't quote people or engage in any discussion if you have nothing sensible to contribute beyond other peoples baseless and ignorant opinion that doesn't jell with documented and historical facts.

BakireBulmaker:


And what better way could GEJ have gone for the fraudsters than by removing the whole subsidy nonsense altogether

Had we allowed him, we would have overcome fuel crisis once and for all.