BAT = Buhari and Tinubu! Two clueless old men, who think to answer president is the best achievement before they leave their miserable bodies behind for the unknown. Old men who should at best be enjoying their old age in homes for the elderly, who ironically have a criminal past.
Tinubu = Sanctioned drug mule.
Buhari = Treasonable fellow who overthrown a democratic govt. Both crimininals in my opinion.

Avoid the govt of BAT, UNA think say na Igbo vs Yoruba media war, or APC vs LP vs PDP.... Una go eat grass very soon!
Prophet Buhari told you guys you will prefer him.
In Buhari time, at least Southern crooks were still afraid, leaving only Northern crooks to loot. Now, both Northern & Southern crooks would loot everything, everywhere. Nobody fears this crook! After all the crooks na him paddy paddy!

Achor1111:
Jagaban is doing well.
Dumb defenders, will defend this one too

Lol @ dumb defenders

Cc: helinues duro4chang throwback iammo

adenigga:


•How CBN loans to FG, new debts, promissory notes raise public debt by N37tn between April and June

•Tinubu’s reforms will improve debt sustainability, DMO assures Nigerians as latest figure overshoots agency projection by N10tn

The Debt Management Office has said Nigeria’s total public debt hit N87.38tn at the end of the second quarter of 2023.

The figure represents an increase of 75.29 per cent or N37.53tn compared to N49.85tn recorded at the end of March 2023.




Source: https://punchng.com/Nigerias-debt-jumps-by-75%-in-three-months-hits-N87tn

it is a lie ,the government said they will not borrow a dime, that the economy will be self sustaining

This is Nigeria

in few more years when oil will become almost useless then what? Nigeria is DOOMED.

This is part one

Where is now the money saved from subsidy removal for God's sake??!!!!!

Nigeria problems is always huge

Despite the subsidy savings?

No naa.

Can Nigeria pay back this loan, they keep collecting and pilling up the debt with nothing to show for it.
A debtor is a weak person, he talks but not heard, he shout but not loud to be heard, he laughs unnecessarily at things not funny enough, he agree & accept things ordinarily he would have turned down, he avoids attending important functions with unnecessary excuses.
The lender will give more if you ask, even volunteer to give more if you have an issue that doesn't require more loan, will be nice to you to subject you into embarrassing abject poverty.
A day will come, the lender will come not for his money but for your head, there will be no need to ask because it is obvious you can not pay, he will tell you how to run your house, he will tell you when and how to sleep with your wife or even collect her from you, how to generally live your life, not by force but by your acceptance with stupid laughter all along.
Nigeria, you pride yourself to be independent and a sovereign nation. Continue collecting loans in the midst of plenty

Reference:


Money saved is money not borrowed. If not the debt will probably have crashed past the 100 trillion mark. You fail to remember that debt servicing is eating both the fruit and the seed of this country.

The situation is so vicious that even if government miraculously discovers a source of revenue it will be heavily tempted to borrow against that. Just as a man who has remained unemployed for years and racked in debts suddenly finds a job. His borrowing is likely to rise not fall in the short term.

That daddy who has been struggling, hassling and borrowing to raise his kids will not automatically become rich just because the kids are grown and left the coop. Nigeria remains an unproductive country.

We are on the ropes, like seriously.

stop spraying perfume to defend poo.

You don't know what you don't know and what you said up there is simply common man logic. You obviously don't have any idea about how these things go...

If ur comrade can not handle Nigeria, let him judiciously resign.

OYEDIPE:

Nigeria is gone to you.

This one na Tinubu twerker

You and your fake president are living in a dream world.

You've never seen anything yet. 75% is still minimal compare to my expectation, we are going to 1000%. Keep tab.
Tinubu cannot perform any wonder in an environment where there is no enough money, that is what I always tell people, his performance in Lagos is because he has money money to throw around and same applicable to his successors. If they had managed a state like Kogi, they cannot done more than what those that have managed the state had done because no more effects that can generate revenue for them in the state like in Lagos.

This is just the beginning. Let get 100 trillions dollars dept.

Make eee just dea favour me ND my family.

AntiWailer:
Majorly caused by the floating of Naira.

If you owe 1M dollars in April, - you are owing 460 Million Naira.


Now without doing anything or even adding interest, you are now automatically owing 800 Million Naira.

Also.
“The government was borrowing to pay for subsidy and that subsidy was steadily increasing. If you convert it to dollars, it won’t be so much, but because naira has depreciated, by the time you do the multiplication, it will increase significantly in naira terms.”

Another reasons why subsidy must go no matter the pain.

Add Ways and Means Advances of the Central Bank of Nigeria to the Federal Government usually used to fund an ill prepared budget.

shamless man

still holding on to excuse.

They borrowed more between April to now despite no subsidy

Bigpat:
Can Nigeria pay back this loan, they keep collecting and pilling up the debt with nothing to show for it.
A debtor is a weak person, he talks but not heard, he shout but not loud to be heard, he laughs unnecessarily at things not funny enough, he agree & accept things ordinarily he would have turned down, he avoids attending important functions with unnecessary excuses.
The lender will give more if you ask, even volunteer to give more if you have an issue that doesn't require more loan, will be nice to you to subject you into embarrassing abject poverty.
A day will come, the lender will come not for his money but for your head, there will be no need to ask because it is obvious you can not pay, he will tell you how to run your house, he will tell you when and how to sleep with your wife or even collect her from you, how to generally live your life, not by force but by your acceptance with stupid laughter all along.
Nigeria, you pride yourself to be independent and a sovereign nation. Continue collecting loans in the midst of plenty

Summary of our ideal in Nigeria. Succinctly captured here. God bless you.

You go explain tire. How come the trillions saved is not offsetting it?

StreetFight:


Illiterate, go and read the report. The report is as at the end of second quarter of the year. Tinubu took over at the beginning of the last month of the second quarter. Don't let the hatred and bitterness that killed those before you also kill you

Awon weyrey ti hit the ground running. 😂😂😂

Buhari did alot of senseless borrowings that has landed Nigeria into all-time high debt.

You can never see people like Chucks, Favor913, Helinuis, Legacy or the rest of the zombies here.
If they come, they'll try to change the narrative and start insulting you.
Very stupid set of defenders that have nothing upstairs. That's how you'll know that is paltry N30k they are all hustling for.

AntiWailer:
Majorly caused by the floating of Naira.

If you owe 1M dollars in April, - you are owing 460 Million Naira.


Now without doing anything or even adding interest, you are now automatically owing 800 Million Naira.

Also.
“The government was borrowing to pay for subsidy and that subsidy was steadily increasing. If you convert it to dollars, it won’t be so much, but because naira has depreciated, by the time you do the multiplication, it will increase significantly in naira terms.”

Another reasons why subsidy must go no matter the pain.

Add Ways and Means Advances of the Central Bank of Nigeria to the Federal Government usually used to fund an ill prepared budget.

keep shut sir. You making a big fool of self.

Reference:


Money saved is money not borrowed. If not the debt will probably have crashed past the 100 trillion mark. You fail to remember that debt servicing is eating both the fruit and the seed of this country.

The situation is so vicious that even if government miraculously discovers a source of revenue it will be heavily tempted to borrow against that. Just as a man who has remained unemployed for years and racked in debts suddenly finds a job. His borrowing is likely to rise not fall in the short term.

That daddy who has been struggling, hassling and borrowing to raise his kids will not automatically become rich just because the kids are grown and left the coop. Nigeria remains an unproductive country.

We are on the ropes, like seriously.

Excellent analysis

But at the end, the solution is, revenue has to go up...and that means imprving taxation uptake short term, as the artticle posits.

Keep borrowing and looting with nothing to show for it...!

Eventually the nation will become irreparably insolvent.

Shebi Tinubu appraised well Buhari administration.. oya make una collevt una APC baggage

Thought subsidy has been removed,why are we still borrowing money

This is so shocking, I taught subsidy has been removed and the workers minimum wage is yet to be increased.

AntiWailer:
Majorly caused by the floating of Naira.

If you owe 1M dollars in April, - you are owing 460 Million Naira.


Now without doing anything or even adding interest, you are now automatically owing 800 Million Naira.

Also.
“The government was borrowing to pay for subsidy and that subsidy was steadily increasing. If you convert it to dollars, it won’t be so much, but because naira has depreciated, by the time you do the multiplication, it will increase significantly in naira terms.”

Another reasons why subsidy must go no matter the pain.

Add Ways and Means Advances of the Central Bank of Nigeria to the Federal Government usually used to fund an ill prepared budget.

Me n u know say na rubbish u dey talk

Another borrowing or what

Zupay:
In Mr. Macaroni's voice, Nigeria is doing well under APC.

Where is boda FreeStuffsNG, he should give APC free advice.

FreeStuffsNG will justify this as usual.

AntiWailer:
Majorly caused by the floating of Naira.

If you owe 1M dollars in April, - you are owing 460 Million Naira.


Now without doing anything or even adding interest, you are now automatically owing 800 Million Naira.

Also.
“The government was borrowing to pay for subsidy and that subsidy was steadily increasing. If you convert it to dollars, it won’t be so much, but because naira has depreciated, by the time you do the multiplication, it will increase significantly in naira terms.”

Another reasons why subsidy must go no matter the pain.

Add Ways and Means Advances of the Central Bank of Nigeria to the Federal Government usually used to fund an ill prepared budget.

Did we pay subsidy for the last three months under consideration?

AntiWailer:
Majorly caused by the floating of Naira.

If you owe 1M dollars in April, - you are owing 460 Million Naira.


Now without doing anything or even adding interest, you are now automatically owing 800 Million Naira.

Also.
“The government was borrowing to pay for subsidy and that subsidy was steadily increasing. If you convert it to dollars, it won’t be so much, but because naira has depreciated, by the time you do the multiplication, it will increase significantly in naira terms.”

Another reasons why subsidy must go no matter the pain.

Add Ways and Means Advances of the Central Bank of Nigeria to the Federal Government usually used to fund an ill prepared budget.

You go explain tire. Werey orun