NewStats: 3,261,087 , 8,173,011 topics. Date: Wednesday, 28 May 2025 at 08:02 AM 27221p

The chairman of Senate Committee on Appropriation, Senator Solomon Adeola has denied news report that the istration of former President Mohammadu Buhari borrowed $400 billion to stabilize the naira against the dollar during his tenure.

Contrary to the report in some major newspapers and some online blogs on Saturday April 26,2025, the senator at his Town Hall Meeting/ Mega Empowerment Programme with constituents in Ayetoro, Ogun State, speaking mostly in local Yoruba language, has justified the removal of oil subsidy and the floating of the exchange rate by the incumbent istration of President Bola Ahmed Tinubu saying without these bold fiscal policies, Nigerian economy was headed for a collapse.

Senator Adeola stated that previous istrations have been spending trillions of naira on fuel subsidy and defending the naira against the dollar adding that this was to the benefit of a very negligible number of Nigerians while Nigeria accumulated huge national debt.

At no point did the senator mentioned the name of the former President Buhari or made specific reference to his istration as incurring a debt of $400billion. It is therefore clear that the debt figure attributed to former President Buhari istration is a misquotation from reporters’ translation of the senator’s speech from Yoruba to English language.

The misquotation must have come about from confusing 40 for 400 in translation as the figure of debt for previous istrations. It is also noted that most of the reporters of the major newspapers that reported the misquotation did not personally attend the event and relied on some online blogs for their story.

Senator Adeola holds former President Buhari in high esteem and acknowledge his valiant efforts in piloting the economy under the circumstance he found it during his tenure.

https://blueprint.ng/i-didnt-say-buhari-borrowed-400billion-for-naira-stabilisation-adeola/

Thieves

Tell tales of a thief.

That reminds me of Sanwo Olu dissing Peter Obi.

Sanwo Olu should be ashamed of himself under his nose the Lasg assembly did not see him as a leader to go to. Butt a house-boy doing Tinubus chores.

This defense is lame, He said Nigeria has borrowed well above $400 billion to defend the value of the naira over the years.

in his words.

Whatever.

The fraudulent subsidy is gone.

That's what's important.

Yayi is lying, he said it that Buhari borrowed, N400bn to defend Naira, can all the media outlets be lying. These politicians are empty, saying words like kids.

Blackmailing is not good. When it hits back, you start speaking incoherently.

Buhari as the president supervised the greatest heist known to mankind as president.

He's sitting pretty in Kaduna, feigning ignorance of whatever happened

As if $400B na beans who go even loan him that amount

No need to deny anything Ashiere, it is common knowledge amongst many quarters than Buhari was reckless and incompetent, and one of his many failure was to borrow money and deplete the foreign reserves to prop up the naira.

Oloriburuku ni gbogbo yin, e de ni kuuuure!

APC ppl & jagbanjantis!

Senator Yayi will be very lousy if he emerges Governor of Ogun State. He has been poking his interest in everyone's eye, facilitating so many FG's projects to himself as the Senate committee chairman on appropriation, even encroaching on other senatorial district.

People who ed Buhari for 8years called him the best after fried rice now complaining and claiming he destroyed the economy and that is why their yeye Tinubu is finding it difficult to make life better for its citizens

Wahali e ni kuu re..

Hmmm

He want to use it for cassava gari ewa for Agbadorian and ronu reloaded

morikee:
As if $400B na beans who go even loan him that amount

Under your nose,are you seen as a leader in your house?

Ironfaceman:
Tell tales of a thief.

That reminds me of Sanwo Olu dissing Peter Obi.

Sanwo Olu should be ashamed of himself under his nose the Lasg assembly did not see him as a leader to go to. Butt a house-boy doing Tinubus chores.

The senator seems to be speaking carefully, likely to avoid directly blaming the Buhari istration—which nearly ruined the country.

This government is taking tough but necessary steps that past istrations avoided out of fear of inflation and backlash. The hardship is real, but it's part of a needed correction.

According to Emefiele, nearly $12 billion spent in seven months—how much more for four years? And that's not even counting Buhari’s eight years government.

Note, this is just for Naira subsidy, there is still fuel, electricity and pilgrimage subsidies to pay ooo 🏃

almayda:
Under your nose,are you seen as a leader in your house?

o


Sanwo Olu Tinubus house boy can not call OBASA to order. Don't compare a man that was elected to a man that was selected.

If people can believe that Buhari was replaced with a certain Al- Jubrin from Sudan, it will be far easier to believe a $400 billion story.

Generation daft.

..coward..

..they dish information upandan to shift the blame from their incompetent kinsman Thief'nubu..

..be rest assured that poo'hari's kinsmen in the Senate must have come for his head..& as a coward that he is...nothing is left other than denial & be cowardly about his earlier position..

He definitely can't mention Jonathan so he must have mentioned buhari and his loans.

iwaeda:
Yayi is lying, he said it that Buhari borrowed, N400bn to defend Naira, can all the media outlets be lying. These politicians are empty, saying words like kids.

Naira is different from dollar 💰

Ehn Iwaeda eyan Peter Obi 😊

jamafa:


Naira is different from dollar 💰

Ehn Iwaeda eyan Peter Obi 😊

You need medical checkup.

Ventura1:
Senator Yayi will be very lousy if he emerges Governor of Ogun State. He has been poking his interest in everyone's eye, facilitating so many FG's projects to himself as the Senate committee chairman on appropriation, even encroaching on other senatorial district.

He has positioned himself for 2027,Na war between him and Dapo

This one desperately want to be governor of Ogun state.