NewStats: 3,263,503 , 8,180,363 topics. Date: Friday, 06 June 2025 at 09:55 AM 5n164s

fabolouz1:
from paying up IMF debt to seeking a whooping $24bn dollars loan
Tinubu has destroyed Nigeria.

the problem with people like u is illiteracy, u are not willing to open your mind up to entertain what will not fulfill your mind n make u happy.

The story have been debunked n even scholars online have debunked d news but since it suits your narrative to insult n disparage tinubu then it's cool

This is one of d rebuttal, I know u will b too lazy to read but I will post it here



President Bola Tinubu Is Not Borrowing $21 Billion

Dear Citizens of the Federal Republic of Nigeria,

Please let us respond to facts, not fake news or innuendo. the Federal Government's Medium-Term Expenditure Framework (MTEF) and read it yourself.

President Bola Tinubu is not about to borrow $21 Billion. The MTEF contains the borrowing plan for both the Federal and State Governments for the next three years.

In other words, the $21 billion is what the Federal Government and the 36 states can borrow over the next three years. Not they will borrow. What they can borrow. They are not even likely to take those loans. It is just a framework for what is possible.

For example, while the MTEF provides for extensive borrowings in 2025, only $1.23 billion will be borrowed externally. And that $1.23 billion will be borrowed by both the Federal and state governments from all geopolitical zones.

The MTEF only shows possible borrowing that Nigeria is entitled to based on agreements with our external borrowing partners, which must be in line with both the Fiscal Responsibility Act 2007
and the Debt Management Office. (Establishment) Act 2003.

And the Borrowing Rolling Plan ties such possible borrowings by the Federal and State Governments to specific projects.

For actual borrowings, Nigerians should look at the budgets of both the Federal and State Governments.

Therefore, the sensational headlines proclaiming that President Tinubu is to borrow $21 billion are both fake and alarmist.

Again, I urge Nigerians to read the MTEF and the 2025 Appropriation Act.

President Bola Tinubu is a First-Class Cum Laude ant adept at securing finances at the best rates from the most suitable lenders and for the right purposes.

Under such a skilled professional hand, Nigerians can expect their national debt to reduce, not increase.

Finally, Nigerians should note that many opposition media and influencers know that many of our people sadly do not read and are, therefore, susceptible to manipulation via misinformation and propaganda.

Thus, I urge the public to read as much as possible and from official sources before they make conclusions based on sensational headlines.

Reno Omokri

Gospeller. Deep Thinker. #TableShaker. Ruffler of the Feathers of Obidents. #1 Bestselling author of Facts Versus Fiction: The True Story of the Jonathan Years. Hodophile. Hollywood Magazine Humanitarian of the Year, 2019. Business Insider Influencer of the Year 2022. 21st Most Talked About Person in Africa, 2024.

Borrow borrow Govt. SHAME

The thing is Nigerians hate the truth, and we are to divided in the lines of religion or tribe to actually see it.. now take this or leave it, it's up to you.the only difference between tinubu and buhari is one of them still had a little conscience.... Guess which one?

iwaeda:
Egbon, ekaro. Help us ask, how much have they saved from subsidy removal. They have increased everything taxable, electricity, food, ports, driver licence, import duties, export duties, income taxes and yet they are borrowing like graves.

Borrowing like graves

I just fell down from the top of a mango tree , where my doctors number

In a sane country, with a functional Federal House of Assembly, President Bola Ahmed Tinubu should be summoned today with a detailed of the subsidy proceeds and how much the CBN has saved monthly from the FX harmonisation policy.

There would also be a projection for the new Tax reform bill whilst the request will be stepped down.

This request is the most humongous in the recorded financial history of Nigeria.

Why exactly was subsidy removed ?

By the time Tinubu is done with Nigeria, the country will disappear from world map.

umpire1st:
The thing is Nigerians hate the truth, and we are to divided in the lines of religion or tribe to actually see it.. now take this or leave it, it's up to you.the only difference between tinubu and buhari is one of them still had a little conscience.... Guess which one?

Buhari is actually looking like St. Peter these days

Omooba77:


https://www.vanguardngr.com/2025/05/nigerias-debt-heads-for-n180trn-as-tinubu-seeks-n34trn-new-loans/

Here we go again from this useless and callous government. What exactly are these loans used for ? Buying cars for Obas and politicians, sharing palliatives and buying presidential jets. Can anyone articulate how Nigerians have benefited from the money already borrowed by this useless good for nothing government that they want to borrow more again? The USD1.5Bn borrowed by Mele Kyari to repair refineries is yet to be repaid by our untapped crude oil but today no refinery is functioning in this country yet Tinubu wants to keep borrowing despite telling us subsidy is gone and all other shenanigans.
Nigeria is truly a zoo and this country is cursed, if you are able to flee from this zoo and never return.

Abeg make them post the for Nigeria WhatsApp group make all of us hand pay this money abeg.

Remove subsidy. Increase taxes and levies. Balloon borrowing. Impose punishing hardship on the people.
....and he's already campaigning for 2027.

Ahhh, my great grand children are debtors

Lanruze:
In a sane country, with a functional Federal House of Assembly, President Bola Ahmed Tinubu should be summoned today with a detailed of the subsidy proceeds and how much the CBN has saved monthly from the FX harmonisation policy.

There would also be a projection for the new Tax reform bill whilst the request will be stepped down.

This request is the most humongous in the recorded financial history of Nigeria.

When they are endorsing him already for an election that is 2 years away?

Nigerians go suffer job.

themanderon:
Yet we don't know where all the money is going to.

To the coastal road na ,,,,,project of life 🤣🤣🤣

Thats a sign of a curs'ed nation

BeginsAtHome:
Bola Ahmed Ebitinu GCRF, Owe Owe One.

Na statistics we go chop?!!!

As Nigeria’s debt burden approaches a staggering ₦180 trillion, the Tinubu istration’s push for an additional ₦34 trillion in borrowing must be questioned—not just economically, but morally and strategically. Here's why more loans are not just irresponsible, but dangerous for the future of the country and its citizens:

1. Debt Servicing is Swallowing Our Future
Nigeria already spends over 90% of its revenue on debt servicing. That means nearly every naira earned goes into repaying interest, not improving infrastructure, healthcare, education, or job creation. More loans only deepen this hole, reducing the fiscal space for real development.

When a country borrows just to service old debt and pay salaries, it’s not stimulating the economy—it’s sinking in a cycle of dependency.

2. There Is No Clear ROI (Return on Investment)
If loans were being used to fund high-impact infrastructure or productivity-boosting projects, perhaps the argument would hold. But in Nigeria, loans are too often squandered on bloated istrative costs, consumption, or "white elephant" projects that produce no measurable economic return.

It’s like borrowing to build a house that doesn’t have plumbing or a roof.

3. Citizens Bear the Burden, Not the Politicians
Loans taken by governments are repaid by citizens, not officeholders. Increased borrowing leads to higher inflation, currency devaluation, and eventually—higher taxes and subsidy removals. We’re already seeing it in fuel, electricity, and food prices.

The average Nigerian is being choked by policies made to cover debt repayments they never consented to.

4. Devaluation + Debt = Economic Collapse Risk
Most of Nigeria’s loans are in foreign currencies. As the naira continues to weaken, the real cost of repaying those loans keeps increasing. What may have been ₦400 billion when the exchange rate was ₦400/$ is now over ₦1 trillion at ₦1,400/$.

We are mortgaging the country’s stability to lenders whose grow worse by the day.

5. Corruption Undermines the Entire Borrowing Logic
In a country where billions vanish from budgets annually and audits are ignored, piling on more loans is like pouring water into a leaking bucket. No anti-corruption framework accompanies these borrowings, meaning they’re just as likely to be looted or mismanaged.

Without trust, borrowing is not leadership—it’s reckless abandonment of responsibility.

6. Sustainable Alternatives Are Being Ignored
Instead of loans, the government should be:

Expanding the tax base through digital economy reforms and SME inclusion.

Monetizing idle public assets.

Encouraging foreign direct investment (FDI) with policy stability and security.

Blocking leakages in oil revenue, customs, and procurement.

Relying on loans when we haven’t exhausted internal revenue strategies is a sign of lazy governance.


Borrowing is not inherently evil—but in Nigeria’s case, it has become a crutch for corruption, a cover for incompetence, and a curse for the next generation. Without ability, clear outcomes, and economic vision, taking more loans is not development—it’s national sabotage with a repayment date.

PresidObi:


Borrowing like graves

I just fell down from the top of a mango tree , where my doctors number

Ema fo baba. Graves borrow without paying.

Sheken change. The debts no plenty at all. Tinubu is really managing our very bad economy wey Jonathan spoil

Brendaniel:
Someone who ed another person to wreck a country for 8 years so that he can come and rule the same country most likely doesn't have good plans for that country

it is simple logic but of course to some people tribalism and religious dominance is more important than logic and progress

The plan to be like US is real. i no know say the debtpart follow.

iwaeda:

Ema fo baba. Graves borrow without paying.

Omooba77:


https://www.vanguardngr.com/2025/05/nigerias-debt-heads-for-n180trn-as-tinubu-seeks-n34trn-new-loans/

the family is a very corrupt one.seyi lifestyle will show u how morally Bankrupt the tinubu family is.

Nbote:
The govt removed subsidy on electricity and raised electricity tariffs.
The govt increased taxes and other levies while introducing new ones.
The govt removed subsidy on Education and healthcare
More govt agencies have been given revenue targets including those whose core functions isn't focused on revenue generation. Many Govt agencies all announced skyrocketing revenues generated.

Just last week the govt announced repaying IMF loans.

This week the govt is seeking approval to go ahead with the loan it indicated in the budget.

Borrowing from Peter to Pay Paul.

No matter how fast or far lies travel, the truth will always catch up with it

some agbadorians will come and attack you

The old man knows nothing about governance

coleon:

Here we go again from this useless and callous government. What exactly are these loans used for ? Buying cars for Obas and politicians, sharing palliatives and buying presidential jets. Can anyone articulate how Nigerians have benefited from the money already borrowed by this useless good for nothing government that they want to borrow more again? The USD1.5Bn borrowed by Mele Kyari to repair refineries is yet to be repaid by our untapped crude oil but today no refinery is functioning in this country yet Tinubu wants to keep borrowing despite telling us subsidy is gone and all other shenanigans.
Nigeria is truly a zoo and this country is cursed, if you are able to flee from this zoo and never return.

guy use your head before they use it for u

It has been debunked but nairaland will always post stories of 5 days ago as fresh

Shame on u that u have data but can't make research on your own, u sit for in one corner to b fed with rubbish.

No wonder many of u believed Buhari was cloned

Ndi this Government will Favor me and my family
🤣🤣🤣🤣🤣🤣🤣

Keep using tribe to evil na we all go suffer together!!!!!! Period