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Nairaland Forum / Nairaland / General / Politics / CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt (9893 Views)
How MDAs Squandered ₦3.8 Trillion Under Buhari – Report / Reps Dump N22.7 Trillion Loan Request, Okay N1 Trillion Borrowing / NASS Resumes Today, ₦23.7 Trillion Loan Restructuring Tops Agenda (2) (3) (4)
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by ClearFlair: 3:03pm On Apr 28 |
Magic hehehe |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by ClearFlair: 3:04pm On Apr 28 |
helinues: Which proof do you need more than no fuel, no light, no security and widespread hunger. Dey play 1 Like |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by 43Ronin: 3:04pm On Apr 28 |
It's very sad that an institution is trying to dribble the masses. 1 Like |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by Tendd: 3:15pm On Apr 28 |
That amount is very much to have been borrowed by the present administration in this short while.I am certain,they meant Buhari's government.Tinubu inherited a huge loan on high interest.l wonder how and when that loan would be paid.Obasango did well on negotiating on our loans and clearing them off and sadly ,we are back at being indebted as a nation. |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by HNICEARTH: 3:22pm On Apr 28 |
I keep saying it, with all yahaya Bello's incompetence, man is still miles ahead of Tinubu. He was a better governor to kogi state than tinubu was ever to lagos 3 Likes 1 Share |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by condralbedez: 3:25pm On Apr 28 |
I thought no more borrowing, after the subsidy has been removed... APC Government please whatever we the Nigerian populance did to you people, we are truly sorry ![]() |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by Faposky95: 3:42pm On Apr 28 |
nairalanda1: Don't think you hit it when you put PO in there. Reality check, you said......? |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by nairalanda1(m): 3:50pm On Apr 28 |
Faposky95: I'm not here to attack any politician. I am here to tell you how dire our situation is, and why it is dire. |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by Faposky95: 3:51pm On Apr 28 |
nairalanda1:It really is...... |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by tnerro1(m): 3:52pm On Apr 28 |
Voodoo economics is being tested |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by DMerciful(m): 4:08pm On Apr 28 |
You're missing the point. The point is not about borrowing but govt lying to the citizens. It is also about lack of transparency. You said there is no more subsidy when it obvious there's subsidy. Experts are saying there's subsidy, govt is saying no subsidy, who do citizens believe? All these reduces confidence and no foreign investor will invest in a country the citizens do not have confidence in the economy nairalanda1: 3 Likes 1 Share |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by CrossRhodes: 4:10pm On Apr 28 |
Blaze14k:They don print money taya Oh nigeria, thy day cometh when your glory will be restored, but these evil doers and their supporters will never live to see it. 1 Like 1 Share |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by Brushstrokes20: 4:17pm On Apr 28 |
Ain't surprised though... Criminal govt of self serving THIEVES 💯💯💯 |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by SweetCarrot(m): 4:24pm On Apr 28 |
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Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by Blazetrailer: 4:30pm On Apr 28 |
You share my views except the fact that if Tinubu was aware or had any sense of calm thinking and deep retrospective abilities as claimed, he would not have removed subsidy and devalued the currency at almost the same time...no country does this...it is a recipe for disaster....a currency that is not internationally traded, that is even a second choice in its own country can not be floated until the system is cleared to give an advantage to the local currency.....this action of devaluation wothiut thinking has set the economy back 20 years...I'm telling you it will take that long ot more to recover from that irrational decision. nairalanda1: |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by heysquare(m): 4:32pm On Apr 28 |
Cindypresh:Borrowing from one treasury isn't a crime is even better from talking loan from Foreign countries. No o countries can even match what US is taking from their treasury including minting |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by Blazetrailer: 4:44pm On Apr 28 |
I wrote it out on one nairaland topic that this government will return to the ways and means it criticised Buharis government for, so many many of the daft urchins attacked me and abused the hell out of me...truly, what did anyone expect? The government approved a huge expansionary budget proposing to spend its way out of current self induced recession and galvanise production in the economy. The two ways you can fund an expansionary budget if your earnings are shrinking are through borrowings or increasing taxes.....the government chose the former and was hoping to get a lot of foreing loans ti make uo for the deficits...unfortunately these are not coming as expected....to use the alternative option of taxing the citizenry more will require quite a lot of bureaucracies but also has a political consequence.....so the quicker option was to return to the ways and means while working on the fiscal policy options. As I predicted this, let me tell you what will happen in the coming year or two under this government. 1. Inflation will conntinue to get worse 2. Exchange rates will prevaricate between 1200 and 1500ish to a dollar...that is the true value of the naira now 3. There will be increased taxes soon( increased VAT is being proposed) 4. Expect a lot of foreign loans or Tinubu going cap in hand to beg for them at every opportunity 5. Ways and means will continue to be used as an alternative for funding the government expenses 6. The continued disjoint between fiscal and monetary policies will not abate. CBN fighting inflation using monetary policies while the Govt is increasing inflation through an expansionary budget and spending(e.g Money being given out to some citizens lately as social initiatives that are not backed by any economic production). You are free to abuse, curse and attack me as some did months ago, I'm sure they are eating their words now. The above will happen. 1 Like 1 Share |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by Cindypresh(f): 5:01pm On Apr 28 |
heysquare: Is that so?? Are you on the same level of development with US? or you just like comparison?? |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by Racoon(m): 5:22pm On Apr 28 |
The most useless criminal government in history. |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by rinzaugustine: 5:43pm On Apr 28 |
Blaze14k:imagine…illegally withdrawn more than 20 trillion in less than a year…a person must become a fool without a functioning brain to have believed tinubu was capable of fixing the country…smh |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by Fujiyama: 6:22pm On Apr 28 |
Tendd: ^^^ ![]() Who is bankrolling you? 2 Likes |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by tinktanker: 7:02pm On Apr 28 |
Some foolish ppl put a well know criminal into power by hook and crook all because of tribal n religious sentiments. |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by ELKHALIFAISIS(m): 8:56pm On Apr 28 |
He has milked Lagos state from 1997 till he became governor... Now , nah Nigeria be the cashcow Tulumbu is evil |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by heysquare(m): 5:33am On Apr 29 |
Cindypresh:Mention one country including developed country that doesn't borrow to finance projects |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by Cindypresh(f): 8:24am On Apr 29 |
heysquare: Which of them do you want to compare your country with let's do it?? |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by blueAgent(m): 10:48am On Apr 29 |
DMerciful: A government made up of desperate ppl who rented fake Bishops, with false certificates and identity can never mean well for the masses. What do you expect? They have continued with their lies. 1 Like |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by Ilekokonit: 3:24am On Apr 30 |
CrossRhodes: Amen. |
Re: CBN Removes Report On Fresh ₦3.8 Trillion Loan By Tinubu Govt by Ilekokonit: 3:29am On Apr 30 |
Blazetrailer: Tinubu (a drug baron cum certified treasury looter) getting his hands on the Nigerian Treasury has finished Nigeria. Just watch as it all unravels and the criminality and sheer GREED in Tinubu (that was never hidden or disguised) will be clear for all decent Nigerians to finally see for themselves. Only an act of God can save Nigeria and Nigerians from Tinubu's vice like grip. |
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