NewStats: 3,264,513 , 8,183,980 topics. Date: Wednesday, 11 June 2025 at 11:44 AM 331h5u

TheRealestGuy:
Anonimi you're over 40 years old and still behaving like a teenager, doing ethnic dog whistling and casting tribal slurs at everyone who goes against your perceived political position.

What did they say about a fool at 40 again?

Chai

They say a fool at 40 is called Pandora Bitter Obi with his headless mob of fellow hypocrites.
That is what they say. Enjoy.

bennybuhari:
“’I cannot take anything back about Obi. I said Obi said he wants to move Nigeria back from consumption to production and I said that is not true. He cannot do it because his own business survives on consumption. Is that a lie? He has been an importer and I said he deals with cash and carry economics; container economics, imports”.

“All the goods that can be produced in Nigeria, Obi imports them in his supermarkets. That is consumption economics. That kind of person cannot tell you that he is moving you from consumption to production. He will then be committing self-economic suicide and Obi will not do that to himself”.

“So, Obi is deceiving everybody and I can’t take that back because that is true.

https://independent.ng/peter-obi-deceiving-everybody-i-wont-retract-my-statement-about-him-dele-alake/
 

ufotunang:
..he will not borrow everytime as Tinubu likes borrowing everytime

maigida he will definitely borrow.Nigeria is broke and that is the simple truth.how much are we realizing from oil sales,VAT .and u thing such a small can take care of 200million + citizens.
Politics aside Atiku will borrow .
If Obi win 2027 election, he to will borrow or he will heavily tax the citizens.Even If he cuts down cost of governance it will just reduce the borrowing.but for Atiku he will definitely borrow except he is ready to increase tax

Again, this is Atiku clearly punching above his intellectual weight.

Perhaps, Mr Atiku should only avail his thoughts on matters he has the requisite knowledge on.

Nigeria’s indebtedness is still within normal limit. At 42% external debt to total debt ratio, our foreign exposure is still within limit when compared to other African countries.

Secondly, IDA debts are tied to development projects and released in stages after the objectives are met. These are usually not debt for consumption. The long term effect is improved productivity.

Thirdly, the loans from IDA have favorable compared to other loans. They have concessionary interest rate and longer moratorium period.

The statement -“Tinubu boasted that the @FIRSNigeria and @CustomsNG under his watch had collected all-time high revenues to finance the Budget. Why are they still borrowing?”, reflects poorly on a presidential candidate.
Long term debts are recognized as a standardized way of financing infrastructural development regardless of revenue. That a former VP and presidential candidate must be told this only reminds Nigerians why he has been serially rejected and reinforces the need to reject him once more.

Thank you.

blacknp:
Wailer, a beggar has no choice, If the policies your state government give u dey add any value to your life, you no for they depend on amala & ewedu polices?

Senselessness at its peak😁😁.
Your next dumb post will be to say some are making it. We are not addressing the issue on a personal basis, We are addressing how this failure personified called T-pain don scatter everywhere with him cluelessness😁😁.

Jobless urchins must se Yes to a full scale failure of a govt bcus they must zombie till they fall ;😁😁😁😁

I'm not a fan of any NIgerian useless politician but I just want you to know that TPain President Ahmed BOla Tinubu spent 1 year of his istration borrowing money for himself,families and friends. Definitely not for the growth of Nigerians.

AustineE1:
This Tinubu government will go down in history as the worst ever,very corrupt and built on deceit.This was the same government that bragged about the monumental income they are making,as a result of the fuel subsidy removal.They where throwing figures around,on how trillions of money is coming into government coffers and hence,it implies massive infrastructural development for Nigeria and enough money to run governance.So they pleaded with Nigerians to accept the fuel subsidy removal,make sacrifices and then recieve the quantum benefit of good governance.
These same Ali Baba and the forty thieves are now asking for loan up and down to loot as usual.
It will go down history,how the tribalistic government of Tinubu and his Yoruba brothers ruined whatever is left of this nation.This ethnic jingoist is making former president Buhari whom himself is a tragedy that shouldnt have ever been the president,look like a wonderful president.

dis people no shout when buhari was there

Kukutente23:
Grand slam
But truth be said, how can senate approve loans without any details as to what it will be used for and the repayment plan?
APC has mismanaged Nigeria massively
Just imagine. So the CBN will have to convert the dollar loan to naira at N800 which means the economy will still be shortchanged in of monetary value of the impact

It's understandable you want explicit detail on how this will be used but you shouldn't deny the $2.2 billion loan is a strategic move by Nigeria’s government to manage its budget deficit effectively while ensuring that essential projects continue to receive funding amidst challenging economic conditions.

There definitely are questions at how the lower exchange rate is derived but isn't this good that we are using less naira to the dollar? It raises questions too unless there are definite expenditure that will be paid for in dollars.

If he was president will he not have borrowed? I don't see any government not borrowing even Peter Obi if he was president but my own is how is the loan used? 50% or less or even more shall be embezzled. That is where my problem comes with collecting the loans

honesttalk21:


It's understandable you want explicit detail on how this will be used but you shouldn't deny the $2.2 billion loan is a strategic move by Nigeria’s government to manage its budget deficit effectively while ensuring that essential projects continue to receive funding amidst challenging economic conditions.

There definitely are questions at how the lower exchange rate is derived but isn't this good that we are using less naira to the dollar? It raises questions too unless there are definite expenditure that will be paid for in dollars.

What is strategic about borrowing? What about cutting down on wasteful spending? The lower exchange rate ensures that less of the money is reflected in the economy. Probably will be kept aside to be used to offset foreign expenditures such as all these their travellings

Omonile economic management

Amongst all the extremly corrupt politicians, Atiku is the most stale and desperate. I don’t take him serious.

But can't they present budget on what they make instead of borrowing money to balance the

And the most painful part is that majority of the proposed budget funds will be embezzled by the government and their cronies.

Kukutente23:

What is strategic about borrowing? What about cutting down on wasteful spending? The lower exchange rate ensures that less of the money is reflected in the economy. Probably will be kept aside to be used to offset foreign expenditures such as all these their travellings

Perhaps not strategic however there's a shortfall in expected revenue inflow based on the original budget perhaps lower barrels of crude oil produced etc.?

Countries can secure loans at more favorable local currency values compared to dollar exchange rates through several methods, including central bank interventions, bilateral agreements, loans from international financial institutions, enhanced credit ratings, and the maintenance of stable currency regimes.

The thing is to identify which expenses have been made beyond the approved budget and which of these were previously identified as wasteful in the budget at the onset.

honesttalk21:


Perhaps not strategic however there's a shortfall in expected revenue inflow based on the original budget perhaps lower barrels of crude oil produced etc.?

Countries can secure loans at more favorable local currency values compared to dollar exchange rates through several methods, including central bank interventions, bilateral agreements, loans from international financial institutions, enhanced credit ratings, and the maintenance of stable currency regimes.

The thing is to identify which expenses have been made beyond the approved budget and which of these were previously identified as wasteful in the budget at the onset.

You still don't understand do you? If the loan is approved at N800 to $1, that means less dollar will be required to reach the N1.7trillion based on the present exchange rate in the market. What now happens to the remaining dollars?

Conversely, if the N800 to $1 is used to liquidate the loan fully, that implies that CBN used a fixed exchange rate to liquidate the dollar to naira. Who is paying for the shortfall? You see the confusion now?

ozo13:
maigida he will definitely borrow.Nigeria is broke and that is the simple truth.how much are we realizing from oil sales,VAT .and u thing such a small can take care of 200million + citizens.
Politics aside Atiku will borrow .
If Obi win 2027 election, he to will borrow or he will heavily tax the citizens.Even If he cuts down cost of governance it will just reduce the borrowing.but for Atiku he will definitely borrow except he is ready to increase tax

..I know that Atiku will borrow...but not the way Tinubu is borrowing everyday and every minute

ufotunang:
..I know that Atiku will borrow...but not the way Tinubu is borrowing everyday and every minute

the borrowing is meant for 2024 budget deficits else where are they going to generate money from for the budget deficit.uts either to borrow or tax us the more

helinues:


Atiku being deceiving his ers

Just the Way Your Gbajue Jagaban have been deceiving Nigerians and making People. suffer more

Kukutente23:

You still don't understand do you? If the loan is approved at N800 to $1, that means less dollar will be required to reach the N1.7trillion based on the present exchange rate in the market. What now happens to the remaining dollars?

Conversely, if the N800 to $1 is used to liquidate the loan fully, that implies that CBN used a fixed exchange rate to liquidate the dollar to naira. Who is paying for the shortfall? You see the confusion now?

Ok. That's a good way to look at it.

Then we should also consider that about 3.74 trillion is generated as against 1.7 so you could write a petition to question this or go through FOIA

honesttalk21:


Ok. That's a good way to look at it.

Then we should also consider that about 3.74 trillion is generated as against 1.7 so you could write a petition to question this or go through FOIA

That will be after the loan is obtained

ozo13:
the borrowing is meant for 2024 budget deficits else where are they going to generate money from for the budget deficit.uts either to borrow or tax us the more

..is it not Tinubu that told nigerians that the money they will realize and get from fuel subsidy removal will be used to fund the budget... even the money he gets out from fuel subsidy removal..they have not told nigerians what they have done with the money and how much they have realsed and gotten so far

Atuero:
Tinubu is confused

You snatched people's mandate and now confused on how to utilize it......if Tinubu was denied Presidency, Many would have thought Nigeria missed a great chance.


Yoruba have been totally exposed by this fraudster

you are not wise man dude. The fact that tinubu is bad as a president doesn't stipulate that all Yoruba people are bad. What can you say about the great general Obasanjo?

ufotunang:
..is it not Tinubu that told nigerians that the money they will realize and get from fuel subsidy removal will be used to fund the budget... even the money he gets out from fuel subsidy removal..they have not told nigerians what they have done with the money and how much they have realsed and gotten so far

hahahah.u know they need to pay loan too running into billion dollars every year and somehow I think that is what they are using the said money to codedly do.Nigeria is obviously broke with the resources at our disposal.
We can only cut down our spendings as much as possible and also reduce corruption (which an average person from top to bottom isn't ready to do because it's all about them and want to capitalize on the opportunity they have)
Imagine Nigeria could boost of 2 to 2.5M barrel per day at a point in Jonathan govt but where are we today. May be 1.5M barrel per day and in most case it's 1.2 - 1.4M and that is our major source of income.imagine 1.5M barrel per day for a citizen of over 200M.
We gats sit ourselves down and design a road map on how to solve our multiple problem ooo else na to Japa go make small money be the only way for ordinary citizens for now.
The country isn't smiling now.