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Apprehension As FG Borrows N20.1trn Under Tinubu - Politics (5) - Nairaland

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FG Borrows N2.45 Trillion From CBN Amid Fiscal Risks / Reps Fume As FG Borrows ₦5.62 Trillion To Fund 2022 Budget Deficit / Battle Ready Soldiers Cause Apprehension In Rivers Ahead Of Elections. Photos (2) (3) (4)

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Re: Apprehension As FG Borrows N20.1trn Under Tinubu by seekerme: 2:02pm On Jun 03
treesun:


https://www.vanguardngr.com/2024/06/apprehension-as-fg-borrows-n20-1trn-under-tinubu-2
Despite denying the poor subsidies they enjoy with claims that government is poor what is Tinubu borrowing all these Trillion for under 1yr?

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Re: Apprehension As FG Borrows N20.1trn Under Tinubu by Okeytus(m): 2:06pm On Jun 03
chatinent:



At a point in insanity is where you don't even believe what you mean or say anymore.
Hello bro
Re: Apprehension As FG Borrows N20.1trn Under Tinubu by Pharaoh4rin(m): 2:49pm On Jun 03
Some people are gifted in writing rubbish. I don't blame such people. I blame our judiciary and the learned dirty wigs who ruled in favor of a rogue to become a president; someone with no evidence of primary, secondary and tertiary institution.

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Re: Apprehension As FG Borrows N20.1trn Under Tinubu by ArcSEMPECJ(m): 3:24pm On Jun 03
Angelfrost:


Before you foam all over the place... Answer this simple question:

Did Peter Obi secure his families' future outside Nigeria?!! Yes or No?!!


Everything nor be fight.

So sorry you have such experience around you...is well

Meanwhile, Peter Obi was never related to Any motor park or came from Ebonyi State to be Governor of Anambra State...

He was already group managing Director of Fidelity bank before he became Governor ...

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Re: Apprehension As FG Borrows N20.1trn Under Tinubu by villagereporter(m): 3:33pm On Jun 03
FreeStuffsNG:
Fiscal and monetary control strategies to combat inflation. It's paying off gradually as the month on month increase in inflation has started declining from last month while govt revenue is rising up.

It's very difficult and almost impracticable to combat inflation, raise minimum wage significantly and expand the economy at the same time but the Cardoso-Edun combo is like magic in economics. They will over-deliver and exceed expectations at last. Petrol importation will likely end this month as Dangote Refinery starts releasing its petrol into the local market, freeing up more forex to FG which is at same time reducing electricity subsidies and funding big impact projects like Lagos- Calabar coastal highway, Sokoto - Badagry highway, etc

May God bless Nigeria for ever! Check my signature for free stuffs!

Talk is cheap
.


It can be deduce from what you said that your conscience is dead because of freebies
Re: Apprehension As FG Borrows N20.1trn Under Tinubu by Khyrvxjzy: 4:04pm On Jun 03
izombie:
who told you south east is not better than south west? The only thing good in south west is lagos which was a former capital of Nigeria.
akwa ibom is better than lagos
as you cant answer straight you will now begin to tell me how you failed in life
Re: Apprehension As FG Borrows N20.1trn Under Tinubu by Ibrahimmantu79: 4:24pm On Jun 03
FreeStuffsNG:
Fiscal and monetary control strategies to combat inflation. It's paying off gradually as the month on month increase in inflation has started declining from last month while govt revenue is rising up.

It's very difficult and almost impracticable to combat inflation, raise minimum wage significantly and expand the economy at the same time but the Cardoso-Edun combo is like magic in economics. They will over-deliver and exceed expectations at last. Petrol importation will likely end this month as Dangote Refinery starts releasing its petrol into the local market, freeing up more forex to FG which is at same time reducing electricity subsidies and funding big impact projects like Lagos- Calabar coastal highway, Sokoto - Badagry highway, etc

May God bless Nigeria for ever! Check my signature for free stuffs!

Talk is cheap
.
Try and read what you wrote again . This time stand in front of a mirror and look at yourself
Re: Apprehension As FG Borrows N20.1trn Under Tinubu by blackgold2018(m): 5:01pm On Jun 03
FreeStuffsNG:
Fiscal and monetary control strategies to combat inflation. It's paying off gradually as the month on month increase in inflation has started declining from last month while govt revenue is rising up.

It's very difficult and almost impracticable to combat inflation, raise minimum wage significantly and expand the economy at the same time but the Cardoso-Edun combo is like magic in economics. They will over-deliver and exceed expectations at last.

Petrol importation will likely end this month as Dangote Refinery starts releasing its petrol into the local market, freeing up more forex to FG which is at same time reducing electricity subsidies and funding big impact projects like Lagos- Calabar coastal highway, Sokoto - Badagry highway, etc

May God bless Nigeria for ever! Check my signature for free stuffs!

Talk is cheap
mugu.. hungry Tinubu online spokesman
Re: Apprehension As FG Borrows N20.1trn Under Tinubu by BeeNG3: 9:08am On Jun 04
But they said they haven't borrowed! O ga o
Re: Apprehension As FG Borrows N20.1trn Under Tinubu by izombie(m): 9:12am On Jun 04
Khyrvxjzy:
akwa ibom is better than lagos
as you cant answer straight you will now begin to tell me how you failed in life
What concerns akwa ibom with what i wrote? Are you high on something?
Re: Apprehension As FG Borrows N20.1trn Under Tinubu by blueAgent(m): 11:00am On Jun 04
TimeManager:

Someone who removed long-years subsidy scam, refurbishing the refineries and Ajaokuta steel, installing more substation power plants, road infrastructure, oil and gas expansion, etc is ruining the economy?. It is your stomach that's talking, you want to eat your future today.

-Kiss the truth!

Zombie
Re: Apprehension As FG Borrows N20.1trn Under Tinubu by blueAgent(m): 11:03am On Jun 04
FreeStuffsNG:
Fiscal and monetary control strategies to combat inflation. It's paying off gradually as the month on month increase in inflation has started declining from last month while govt revenue is rising up.

It's very difficult and almost impracticable to combat inflation, raise minimum wage significantly and expand the economy at the same time but the Cardoso-Edun combo is like magic in economics. They will over-deliver and exceed expectations at last.

Petrol importation will likely end this month as Dangote Refinery starts releasing its petrol into the local market, freeing up more forex to FG which is at same time reducing electricity subsidies and funding big impact projects like Lagos- Calabar coastal highway, Sokoto - Badagry highway, etc

May God bless Nigeria for ever! Check my signature for free stuffs!

Talk is cheap
What a useless analysis shocked
Wannable Zombie economist.
Re: Apprehension As FG Borrows N20.1trn Under Tinubu by Khyrvxjzy: 11:56am On Jun 04
izombie:
What concerns akwa ibom with what i wrote? Are you high on something?
calabar has water and is a former capital

calabar is better than lagos?
Re: Apprehension As FG Borrows N20.1trn Under Tinubu by ArewaNorth: 10:04am On Jun 07
TimeManager:
There's nothing like apprehension, it is rather the reality. Buhari himself told us that 97% of our revenue was used to service debts, monies borrowed to pay subsidy and a percentage of our crude oii was used as advanced payments while 27trillion naira ways and means borrowed from CBN. These are liabilities inherited by the current administration and while the government is paying off debts obligation, there are critical sectors that needs to keep going through debt financing. It is more important to increase the revenue base and export volume not only for the federal but also the states.

-Kiss the truth!

Do u really meant what u wrote or you are deliberately misleading your readers?

It is reported above that Financial Vanguard analysis of data from the DMO and CBN showed that in the 12 months ending May 31st (June 2023 to May 2024), also the first year of President Bola Tinubu, the FG borrowed N20.09 trillion through these instruments, representing YoY increase of 117 per cent from the N9.275 trillion borrowed in the previous 12 months, namely June 2022 to May 2023.
And here is the Borrowing details:
According to data from CBN, FG’s borrowing through NTBs rose YoY by 188% to N13.235 trillion in the 12 months ending May 2024 from N4.592 trillion in the 12 months ending May 2023.

FG’s borrowing through the monthly FGN Bond auctions, which constituted 32.8% of total domestic borrowing during the period, rose, YoY by 42% to N6.476 trillion in the 12 months ending May 2024 from N4.537 trillion in 12 months ending May 2023.

FG’s borrowing through Sukuk Bonds, which accounted for 1.7 per cent of total domestic borrowing during the period, rose, YoY by 169 per cent to N350 billion in the 12 months ending May 2024 from N130 billion in the 12 months ending May 2023.

FG’s domestic borrowing through FGN Savings Bonds accounted for 1.5 per cent of total borrowing during the period, also spiked, rising YoY by 116 per cent to N29.17 billion in the 12 months ending May 2024 from N16.07 billion in the preceding 12 months ending May 2023.

Stop misleading people, the N22trillion ways and Means which was borrowed by last administration mainly during COVID-19 doesn't have anything to do with this 12 months report of Tinubu administration.
Re: Apprehension As FG Borrows N20.1trn Under Tinubu by CooldipoMPS: 9:44am On Jun 09
Zealoy:
What is the reason of removing subsidy when we are still borrowing this much

I have portable inverter for your TV and Decoder, price from 150k and above
Re: Apprehension As FG Borrows N20.1trn Under Tinubu by Zealoy(m): 12:10pm On Jun 09
CooldipoMPS:


I have portable inverter for your TV and Decoder, price from 150k and above
can i see the pictures
Re: Apprehension As FG Borrows N20.1trn Under Tinubu by CooldipoMPS: 7:21pm On Jun 10
Zealoy:
can i see the pictures

Re: Apprehension As FG Borrows N20.1trn Under Tinubu by Zealoy(m): 10:05pm On Jun 10
[quote author=CooldipoMPS post=130406254][/quote]How much?
Re: Apprehension As FG Borrows N20.1trn Under Tinubu by CooldipoMPS: 7:10pm On Jun 11
Zealoy:
How much?
Price range from 90k to 700k

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