President Bola Tinubu has said the country could not continue to service its debt with 90 percent of its revenue.

He noted that the country was headed for destruction should that continue.

Tinubu spoke during the Annual Conference of the Nigerian Bar Association on Sunday in Abuja.

He said his administration must make difficult changes to better the lots of the country.

Tinubu said, “Can we continue to service external debts with 90% of our revenue? It is a path to destruction. It is not sustainable. We must make the very difficult changes that are necessary for our country to get up from slumber and be respected among the great nations of the world.

“To build a great nation, we must make bold decisions; even though it may be painful at the moment, it is not about you and me. It is about our generation yet unborn.”

Tinubu, who said there is hope for a great Nigeria, called for the cooperation and support of the private sector.


He said, “Yes, it is a shame not to have adequate electricity for the mass majority of homes in Nigeria and to power our industries. How can we address poverty without electricity? We can take many people out of poverty with an uninterrupted electricity supply. Poverty is not acceptable, and we must banish it.

Speaking on the epileptic power supply in the country, the president described the situation as shameful.

He, however, promised that his administration would ensure that Nigeria generates and distributes the electricity the economy requires to thrive.

Tinubu said, “Yes, it is a shame not to have adequate electricity for the mass majority of homes in Nigeria and to power our industries. How can we address poverty without electricity? We can take many people out of poverty with an uninterrupted electricity supply. Poverty is not acceptable, and we must banish it.”

On remuneration for judicial officers, Tinubu stated that true justice reform must begin with world-class salaries and benefits for legal professionals in Nigeria.

The NBA President, Yakubu Maikyau, SAN, expressed the confidence of the NBA in the ability of President Bola Tinubu to deliver good governance to Nigeria because of his pedigree and past track record of excellent performance in Lagos State, where he was the governor between 1999-2007.

“President Tinubu got it right in Lagos, and it is our considered expectation that as President of Nigeria, you will not only replicate your achievements in Lagos but surpass them for our country.”

Source: https://punchng.com/Servicing-debt-with-90%-revenue-path-to-destruction-Tinubu

It is today you know. Meaning, you are wicked for tolerating all the wayward and wicked borrowing policies of the Buhari government whom you proudly said you made president because of your Inordinate ambition just like the fuel subsidy issue.

And your government is already borrowing monies to give new senators an undeserving $70B for God-knows-what while looting others as 8k paltry palliative?

What an ijjjiot!
Fake accountant.

Yet you keep borrowing and bribing your way through life and death!

Your judiciary and legislative bribing nko?

Why don’t you tell the BUHARIDIOTS and DANGOLEEE to return all they stole?

KanwuliaExtra:
What an ijjjiot!
Fake accountant.

Yet you keep borrowing and bribing your way through life and death!

Your judiciary and legislative bribing nko?

Why don’t you tell the BUHARIDIOTS and DANGOLEEE to return all they stole?

Tinubu have not borrowed any money yet.

But you were quiet about this under buhari and supported him when he kept blaming PDP for our woes.

It’s time for you to start blaming buhari, else, you’ll be an hypocrite!

How can a shady man rule a country like Nigeria? No be juju be that?

He no go better for INEC... Tueh!

That's why subsidy had to be squashed.

This man once said “E think na statistic we go chop” and they laughed. Now the statistics Peter Obi was preaching about has come to bite them

Talk talk without action.

90% revenue for debt servicing, 77trillion naira debts, $3billion foreign reserves, a depleted ECA, yet some akpu heads want subsidy to continue, enemies of the state dem.

Pakute:
90% revenue for debt servicing, 77trillion naira debts, $3billion foreign reserves, a depleted foreign reserves, yet some akpu heads want subsidy to continue, enemies of the state dem.

But government subsidy can stay? that is why the presidency still has over 10 presidential jets that gulp hundreds of billions every year, senate gulps over a trillion every year and other numerous spendings for govt officials gulping trillions, if they were removing subsidy for the people, they should have removed for the govt too, so that we can save more as they claim, abi is saving not the target again?

Oga, you have been deceived......

Brendaniel:


But government subsidy can stay? that is why the presidency still has over 10 presidential jets that gulp hundreds of billions every year, senate gulps over a trillion every year and other numerous spendings for govt officials gulping trillions, if they were removing subsidy for the people, they should have removed for the govt too, so that we can save more as they claim, abi is saving not the target again?

Oga, you have been deceived......

Senate gulps over a trillion every year?. The lies they told you over a cup of mkpurummiri.

Pakute:
Senate gulps over a trillion every year?. The lies they told you over a cup of mkpurummiri.

Oga, go and do your analysis properly, when we say senate, it means lower and upper house, staff members both political and career, constituency projects and so on all for the purpose of legislation that can be per time, read the link there, you guys argue anyhow, that's 2.1 trillion in 2020

https://politicsdigest.ng/nass-gulp-2020-budget/

ORIENTATION101:
Tinubu have not borrowed any money yet.

If they borrow, will you know?
If AkpabiOLE was not drunk, would you know about the 'holiday allowance'?
Where were you when the Nigerian Foreign Reserves was used as callateral?
All the money BUHARIDIOT AND DANGOLEEE stole via 'borrowing' did you know?

Your next 20 generations will not finish paying the interest on the loans. . . not to mention the loan itself.
Enjoy!

Exactly.

You can't service debt with revenue but you and your gang can live large on our revenue. The people are suffering and are told to endure while "mail of prayers" are distributed among yourselves. Palliative we thought will be tangible,was just nothing. After everything they will loot the money.

If you need better sure palliative,just install palmpay and input the invitation code KZLX8458 and get up to 10k. When you use the code you get a welcome bonus. Make we use this one as palliative.100% paying and legit
Palmpay is a digital bank,where you can save money and also earn money. You are rewarded with airtime regularly.

Your stealing the seat of power in Abuja is path to destruction.

Some useless people no care about the next generation oo, they just want to eat their life out in this generation.

Racoon:
Meaning, you are wicked for tolerating all the wayward and wicked borrowing policies of the Buhari government whom you proudly said you made president because of your Inordinate ambition just like the fuel subsidy issue.

And your government is already borrowing monies to give new senators an undeserving $70B for God-knows-what while looting others as 8k paltry palliative?

Anyone writing all these for Tinibu should be careful...

Tinibu can have such sense of writing such oyibo..

Tinibu brain is gone forever

Just too ridiculous

If we are not expected to be borrowing unnecessary, that means we need to generate our money locally through taxation majorly

K

BAT- May your enemies never succeed!

May the enemy of Nigeria never succeed!

He should start by addressing those reformed Govt polices and tax laws that favor the rich at the expense of the poor.

Still looking fir thr good news this monday morning...

Probe the past administrations and recover all stolen funds to stabilize the economy.

Bola Tinubu, blame yourself for forming the APC alliance which threw Nigeria on the path of servicing debts with 90% of national income.
A foresighted man would not form such an alliance.

Chai..

Nigeria has been in shambles even before the new president was elected.

Getting the country right is not a day job.

Our mentality as citizens needs to change too.