Let them just sell this country and give me my share...

Racoon:
"Tinubu’s Fresh $2.2Billion Loan Is ‘Lunch Money, Too Insignificant; We Should Encourage Govt To Borrow More" - ’ Says Senator Jimoh Ibrahim


https://saharareporters.com/2024/11/19/tinubus-fresh-22billion-loan-lunch-money-too-insignificant-we-should-encourage-govt

How will 2.2billion dollars be enough when shared amongst them it will not reach them all? They should borrow more so that they can loot and have more left for their unborn generations.

Honestly, anyone that takes this advice from Jimoh Ibrahim ,( a man who could not manage business he took over almost for free ) should have himself or herself to blame.

treesun:
The same man that ran down, NICON, Daily Times, Global fleet. It is not surprising,
he can say this!

Dawn91:
Yoruba people will destroy this nation

Do you said " will " ?

They have started the destruction. What did you think Tinubu has been doing since May 29, 2023 ?

A clown that removed fuel Subsidy and float the naira at the Same. And they will say Tinubu is intelligent while it is the opposite.

It is Lunch Money agree, do you have the capacity to pay back, because if you have been paying back we won't be servicing loan till now.

Racoon:
"Tinubu’s Fresh $2.2Billion Loan Is ‘Lunch Money, Too Insignificant; We Should Encourage Govt To Borrow More" - ’ Says Senator Jimoh Ibrahim


https://saharareporters.com/2024/11/19/tinubus-fresh-22billion-loan-lunch-money-too-insignificant-we-should-encourage-govt

Every administration has its own clowns but this admnisration has numerous of them growing by the numbers.
The only problem is that those who are their followers are insensitive insensible.

Racoon:
"Tinubu’s Fresh $2.2Billion Loan Is ‘Lunch Money, Too Insignificant; We Should Encourage Govt To Borrow More" - ’ Says Senator Jimoh Ibrahim


https://saharareporters.com/2024/11/19/tinubus-fresh-22billion-loan-lunch-money-too-insignificant-we-should-encourage-govt

I saw borrowing to fund Ajaokuta steel company, can they tell us what happen to the previous money allocated to revive Ajaokuta Steel company

People should not complain after all, Tinubu rigged himself into office and non of you protested massively against it.
This is just the bebeningin.
People will roast while standing by next year.
E lo fokaaaan baaale🤣🤣🤣🤣🤣🤣

Jimoh Ibrahim net worth is 1.1b dollars but he said 2.2 b dollar is Lunch money. Enemy of the nation

helinues:


Director, are you listening!

Even you dey laugh, you see the shameless bastards you are always supporting


we should continue importing fuel we should continue borrowing yet there party came in as "CHANGE"

He is 100% correct but Nigerians are ignorant despite their education and have a negative association with debt.

All this $20b a year budget will never take us anywhere.

As individuals we borrow to start businesses and build houses but somehow we think it is bad for a country to borrow to develop to create wealth and job creating infrastructure which if properly deployed will pay for itself.

santopelele:
Nigeria youths are too dull for my liking, how we are allowing this idiooots that is not upto 2000 coconut heads dribbling us like this is what i dont understand, it is time we show atleast 1 or 2 of them example

Mr man, they have the army on their side.
If you do anyhow, you go collect anyhow.

casualobserver:
He is 100% correct but Nigerians are ignorant despite their education and have a negative association with debt.

All this $20b a year budget will never take us anywhere.

As individuals we borrow to start businesses and build houses but somehow we think it is bad for a country to borrow to develop to create debt and job creating infrastructure which if properly deployed will pay for itself.

You are right to an extent. There is nothing wrong with borrowing. The problem is that those money will end up embezzled by the same people that borrowed them.
There is also no iota or sense of accountability.
People don't ask questions. When they do, they are promptly pulled down with ethnic coloration.

alpharoyalty:


You are right to an extent. There is nothing wrong with borrowing. The problem is that those money will end up embezzled by the same people that borrowed them.
There is also no iota or sense of accountability.
People don't ask questions. When they do, they are promptly pulled down with ethnic coloration.

The solution is to make sure any borrowing is policed and consequences for diversion. The one thing for sure, we are going nowhere with our $20-30b a year budget. Where it takes 10yrs to build a 100km road because there is no money.

Lol, okay.

Acidosis:


How have you managed the previous loans?

So because cars have accidents people should not enter them again.

Your problem should be on how to find out what is causing the accidents not stopping people from entering it

A stupid monkey from a 3rd world nation is calling $2.2billion lunch money were 80% of 200million nigerians feed below $10 a day ..

can a america citizen that as seen dollar all is life refer to $2.2 billion as launch more even crazy Trump will not go on Tv and call $2.2 billion lunch money

Both PDP and APC are both useless party filled with rogues/thieves .. PDP still get human face and emotional intelligence atleast But APC is so filled with worst set of animals shame 0 sense 0 emotional intelligence 0 ..... just loot is the goal

All united in stealing our common wealth...
How can you justify govt not paying subsidy still go to borrow money?
Where are they keeping they subsidy money?

It's better we youths be second class citizens, abroad, in a saner clime. They are not honourables not distinguished in their dealings.

U call 3.3 trillion naira lunch money?

God, how do u create this Criminals called Politicians?

Jimoh Ibrahim, the self-acclaimed economist never ceases to annoy people. This is a man who could not manage his business but found solace in politics, now spewing arrant nonsense.

Is this (dis)honourable not aware that excessive levels of foreign debt can hamper a country's ability to invest in their economic future? Either via infrastructure, education, or healthcare; as the country's limited revenue now goes to servicing such loans and automatically thwarts long-term economic growth?

Mr. Jimoh does not know anything about economics and should stop defending the Executive arm of govt and solely be saddled with legislation and their pocket-stuffing oversight functions.

Nigerians are not timid

hungry senator

no wonder nigeria is where it is because of senators like this

ss

It would make sense if the salaries of these senators and ministers were used to repay the loans.

I actually watched the interview and two things crossed my mind
First, Senator Jimoh has a point when he talks about borrowing massively to fund production in the economy. Unfortunately he's in the wrong choir. The candidate who showed genuine interest to do that was Atiku who talked about raising $10bn to fund SMEs. APC has characteristically been a party that borrows to run govt and that is principally because of their loose fiscal policies. They now have the largest cabinet in this country's history. Tinubu does not have any direction or vision he's focused on to bring the economy back to life. He's just going through motions. So even if he were to borrow $100bn, I can assure you in two years there'll be nothing on ground to support the money. So who in their right senses will borrown Nigeria $50bn as it is presently run?

Secondly, unfortunately, he was making that argument to defend borrowing and not because he was really convinced about borrowing massively to fund development. That is why he started making offpoint comparisons between Nigeria, UK and US. He knows the borrowing is not for any developmental agenda but to run govt. So he's simply playing the devil's advocate. This is what happens when one chooses to be a sycophant

casualobserver:
He is 100% correct but Nigerians are ignorant despite their education and have a negative association with debt.

All this $20b a year budget will never take us anywhere.

As individuals we borrow to start businesses and build houses but somehow we think it is bad for a country to borrow to develop to create wealth and job creating infrastructure which if properly deployed will pay for itself.

You should have asked the senator where he thinks he'll get a lender that will borrow him $50bn in one swoop

lol chicken change

Make Ogun kill you dia jimoh!

We're in deep trouble!

Borrow Nigeria from your wealth or let your asset be used as collateral for the loan

Kukutente23:

You should have asked the senator where he thinks he'll get a lender that will borrow him $50bn in one swoop

thats not how financing works. Getting a lender is never a problem
.

The senility and callosity of the senator attempt to confer validity on the theory of evolution which I could have accepted if I were not a convinced Christian. It seems the disruptive Nigerian leaders, though with the appropriate physical morphology, are still evolving and yet to attain the realm of human beings. For a fact, many Nigerian rulers have devalued themselves to the level of apes! What a disservice to God Almighty who created us human beings!