NewStats: 3,262,166 , 8,176,293 topics. Date: Sunday, 01 June 2025 at 05:50 AM 4s6w15

fuckingAyaya:
Na this man una talk say he don dey prepare to be president since time immemorial? We don't need the body we need the brain

Chai. See the lamba dem give us

Putindbutt:

You have eyes but can't read, have brain but can't comprehend. This is a borrowing plan for both federal and state governments in the MTEF for two years. Not all might be borrowed, it is just a framework. In recent development where states are borrowing less and repaying their debts, it is necessary to put a cap on the borrowing framework.
Una mind is only set to trigger negative alarms, misinterprete facts and spread falsehoods and that's what bitterness and election loss have done to you guys.
You guys are not the first people to lose an election in this country, those who lost in the past did not behave like that was the end of their lives.

Tinubu online Ur.chi.ne, You will explain tire, no evidence. You can not convince us. You guys are evil, APC is evil

LegendHero:


Approval will still be needed to draw the funds. But it’s usually better to have a cap limit to allow states and FG focus their plan on those.

If the limit is set at $20bn.

Ogun state can say out of my own $3bn cap, I am boring just $500k. They won’t just wake up one day and say they wan borrow $5bn.

By the way, no lending agency will borrow you $20bn at this point, where Worldbank wan see the money borrow us at one go? World bank have budget for Africa and only Nigeria drawing such fund will be detrimental to the rest. Na there I first know say na fake news..

Even Argentina that got such had to lobby hard Trump before they can make that available and if you compare their GDP to ours, they are huge.

And who would the FG get approval from when it wants to draw its own funds given that they would most likely already have blanket approval?

And why not give a breakdown what each state has requested for...

The WB or any other lending body having $20b to loan out is besides the point.

For a government that has made so much noise about clearing debts and increasing allocations to states, this borrowing plan is not healthy.

ivandragon:

And who would the FG get approval from when it wants to draw its own funds given that they would most likely already have blanket approval?

And why not give a breakdown what each state has requested for...

The WB or any other lending body having $20b to loan out is besides the point.

For a government that has made so much noise about clearing debts and increasing allocations to states, this borrowing plan is not healthy.

National Assembly will still need to approve it even at that point.

Ritchiee:

Are you really educated?
Borrowing is not bad if only they wouldn't loot it.
All nations of the world including USA,China borrow and still continue to borrow.

During the first term of Trump,national debt increased by approximately $7.8 trillion during his presidency, driven by tax cuts (e.g., TCJA 2017) and COVID-19 relief spending (e.g., CARES Act 2020).
Debt at start (2017): ~$19.9 trillion
Debt at end of his 4 years (2021): ~$27.7 trillion.
He borrowed a whole 7.8 trillion dollars in 4 years.

All of the entire Nigeria's total public debt is $94.23 billion
as of December 31, 2024.
Not even up to 100 billion dollars...mtcheww.




If only we have the capability of borrowing up to a trillion dollar even for the 8 years,Nigeria's growth will be exponential.
And that is if they don't loot it which I am sure Tinubu will never allow because of his desire to grow Nigeria economically.

And you will be the one to monitor if the money is not stolen abi. Continue blowing grammar

Putindbutt:

And this one will say he went to school, ask him what MTEF is about, I bet he wouldn't know. Their mind is made up to not accept anything other than negative narrative & agenda that suits them. Unfortunately for you, your minds will continue to be like this for another 14years because after Tinubu, the North takes over for another 8years.

after 8 years of tinubu and another 30 years of fulani will that stop area boys from saying owo mi da in lagos or will that stop northerners from producing almajiri ,bandits ,herdsmen ,boko haram ?if you take somethings that belongs to a child and raise up hands when your hands get tired you bring it down the child will take her thing back.

LegendHero:


National Assembly will still need to approve it even at that point.

Is that what the aide said or your own interpretation?

Anyway, it still begs the question, why make so much noise about loan repayment when you are planning to take even more loans...

Ritchiee:

Are you really educated?
Borrowing is not bad if only they wouldn't loot it.
All nations of the world including USA,China borrow and still continue to borrow.

During the first term of Trump,national debt increased by approximately $7.8 trillion during his presidency, driven by tax cuts (e.g., TCJA 2017) and COVID-19 relief spending (e.g., CARES Act 2020).
Debt at start (2017): ~$19.9 trillion
Debt at end of his 4 years (2021): ~$27.7 trillion.
He borrowed a whole 7.8 trillion dollars in 4 years.

All of the entire Nigeria's total public debt is $94.23 billion
as of December 31, 2024.
Not even up to 100 billion dollars...mtcheww.




If only we have the capability of borrowing up to a trillion dollar even for the 8 years,Nigeria's growth will be exponential.
And that is if they don't loot it which I am sure Tinubu will never allow because of his desire to grow Nigeria economically.

borrowing money they are looting do you have light or security or transport system in your country? lets not talk about municipal water that one is gone for ever,what are they doing with money they are borrowing?

........all planned borrowings (covering all 36 states and the FG), over the next two years, have been presented as one to the National Assembly.

WTF!!
What kind of nonsense is this
And e dey sweet for dem mouth.

LegendHero:


When you can’t thenk for yourself, the media will use you to sell their paper.

We all know the lenders for Nigeria, can you show me the aggregate value of our loan there that tells you we have any 180trn?

Just as you have budget and actual spending. You can budget N100 and spend N30, will you now say your spending is N100?

So u are now budgeting loans requests?? So that u can borrow for any ridiculous thing without proper approvals because u have done open approval for for what u don't even know yet

jaxxy:


So u are now budgeting loans requests?? So that u can borrow for any ridiculous thing without proper approvals because u have done open approval for for what u don't even know yet

It has always been the norm. That is in accordance with both the Fiscal Responsibility Act 2007 and the DMO Act 2003.

All President After OBJ usually do the same thing. It is just as you present budget every year, you do this same thing to plan loan estimate for 2-3 years.

It is for all states and FG and because you see that figure we $20bn does not imply they will borrow up to that amount. Who will even borrow Nigeria $20bn lump sum?

LegendHero:


When you can’t thenk for yourself, the media will use you to sell their paper.

We all know the lenders for Nigeria, can you show me the aggregate value of our loan there that tells you we have any 180trn?

Just as you have budget and actual spending. You can budget N100 and spend N30, will you now say your spending is N100?

Go and learn the meaning of these 4 words.

Misinformation.
Disinformation.
Propaganda.
Shenanigans.


These are powerful tools govt using to twist you huys brains. Most especially die-hard fans.

Quote me in future God willing...... They would access the loan in that timeframe (2 years)....

They quickly come out to dispell the rumour information because of negative traction it has gathered.

ojuu4u:



Go and learn the meaning of these 4 words.

Misinformation.
Disinformation.
Propaganda.
Shenanigans.


They are tools that govt using to twist you people brain.

Quote me in future God willing...... They would access the loan in that timeframe (2 years)....

They quickly come out to dispell the information because of negative traction it has gathered.

I don’t need the government before I can understand all these things.

This is not propaganda, it is the norm.

When FG draw any actual loan with the paperwork, everyone will see it them because we all have access to the lender website and they are very transparent.

You can go to IMF or World Bank site yourself to see Nigeria loans and how it’s increasing/decreasing per year.

You don’t need the government to tell you that before you will know.

Putindbutt:

You have eyes but can't read, have brain but can't comprehend. This is a borrowing plan for both federal and state governments in the MTEF for two years. Not all might be borrowed, it is just a framework. In recent development where states are borrowing less and repaying their debts, it is necessary to put a cap on the borrowing framework.
Una mind is only set to trigger negative alarms, misinterprete facts and spread falsehoods and that's what bitterness and election loss have done to you guys.
You guys are not the first people to lose an election in this country, those who lost in the past did not behave like that was the end of their lives.

Oga no mind all these Agbotikuyos. Soludo presented a borrowing plan of a 100 billion to the Anambra state house but has not borrowed a dime since. What does that tell them?

LegendHero:


I don’t need the government before I can understand all these things.

This is not propaganda, it is the norm.

When FG draw any actual loan with the paperwork, everyone will see it them because we all have access to the lender website and they are very transparent.

You can go to IMF or World Bank site yourself to see Nigeria loans and how it’s increasing/decreasing per year.

You don’t need the government to tell you that before you will know.

Abi oooo, immediately they came, they are telling you all the subsidy gone. Did everything go initially?

They told you PH refernary has come back to produce petrol. Did it produce before it park up?

ojuu4u:


Abi oooo, immediately they came, they are telling you all the subsidy gone. Did everything go initially?

They told you PH refernary has come back to produce petrol. Did it produce before it park up?

How does this relate to Worldbank and IMF website where you can go yourself to confirm?

Below is 2013 vanguard news when Jonathan sent same MTEF to the National Assembly.

https://www.vanguardngr.com/2012/10/nigeria-debt-profile-rises-to-borrow-25bn-by-2015/

Naso so statistics helinues dn dey Chop since tinubu enter power

Money they have borrowed already before pasting it on media.. who is fooling who

Putindbutt:

Did you go to school at all?, If you did, what's the name of your school?

the same school with tinubu. I swear to God if you can find the name of Tinubu school I will drop a million naira in your .

LegendHero:


Source: https://x.com/dolusegun/status/1927677702539972648?s=46

LegendHero:


Every government have this framework which they sent to the National Assembly. Buhari did, Jonathan did, and etc, why is it news now?

Nigeria media seems to be getting worseee by the day. They purposely twist headline to sell paper.

Imagine suddenly saying our debt is 180trillion by using MTEF estimates as actual debt.

Racoon:
MTEF or not, there is a strong inherent nature to always twist facts and reality by everyone under this useless, rudderless, impactless and directionless government.

PresidObi:
Ok, they should respond to this too, because some people will tell stupid lies till they back themselves into a corner they cannot escape from

The only thing rising in Nigeria is the burden of their debts.

In trying to twist facts (APC's trademark) they end up confirming Tinubu took borrowing into another new level, He said they are borrowing on behalf of 36 states for the next two years, abeg how is that not a loan? It is all written in the article, read it yourself before you reply me.

Who is now fooling who? Maybe their ers sha because those ones don't have the capacity to think for themselves.

Good clarification

LegendHero:


Source: https://x.com/dolusegun/status/1927677702539972648?s=46

Idiot, fool.
Borrow one time, two times or next year. Borrow na borrow.
Our domestic and external debt will shoot to over #170trillion.
Various infrastructure kiiiill you there
Do they not have names and locations? Barawo.

LegendHero:


I don’t need the government before I can understand all these things.

This is not propaganda, it is the norm.

When FG draw any actual loan with the paperwork, everyone will see it them because we all have access to the lender website and they are very transparent.

You can go to IMF or World Bank site yourself to see Nigeria loans and how it’s increasing/decreasing per year.

You don’t need the government to tell you that before you will know.

But Tinubu said subsidy is gone that he will not borrow money.
Wale edun said Tinubu is saving #950 Billion from subsidy money.
Wale edun said the states has more money and FG share trillions with the states every month.
Wetin come change ? Please any more clarification?

Ritchiee:

Are you really educated?
Borrowing is not bad if only they wouldn't loot it.
All nations of the world including USA,China borrow and still continue to borrow.

During the first term of Trump,national debt increased by approximately $7.8 trillion during his presidency, driven by tax cuts (e.g., TCJA 2017) and COVID-19 relief spending (e.g., CARES Act 2020).
Debt at start (2017): ~$19.9 trillion
Debt at end of his 4 years (2021): ~$27.7 trillion.
He borrowed a whole 7.8 trillion dollars in 4 years.

All of the entire Nigeria's total public debt is $94.23 billion
as of December 31, 2024.
Not even up to 100 billion dollars...mtcheww.




If only we have the capability of borrowing up to a trillion dollar even for the 8 years,Nigeria's growth will be exponential.
And that is if they don't loot it which I am sure Tinubu will never allow because of his desire to grow Nigeria economically.

Get off Trump please.
Put Nigeria side by side with South Africa and Egypt with this your gibberish.
Why putting condition of 'if they don't loot it' knowing fully well notting will come out of it.
Do Nigeria Government know the size of its citizens they want to plan for?

saysoo:

Get off Trump please.
Put Nigeria side by side with South Africa and Egypt with this your gibberish.
Why putting condition of 'if they don't loot it' knowing fully well notting will come out of it.
Do Nigeria Government know the size of its citizens they want to plan for?

Ok,I am getting off Trump and using South Africa and Egypt's debts to compare to Nigeria's debt.


In the 2024/25 financial year, South Africa's total debt, including government, household, and corporate debt, is estimated to be around $699.5 billion. This includes a government debt component of $300.2 billion (USD) at the end of 2024. The total debt represents a significant portion of the country's GDP, with the debt-to-GDP ratio ranging from 69.2% to 129%.


While all the total debt of Nigeria is 94.23 billion dollars that of South Africa is more than seven times bigger at 699.5 billion dollars.


As for Egypt.....
In June 2024, Egypt's external debt was $152.9 billion, which is 40% of its GDP. This means that Egypt owes approximately $152.9 billion in total debt to external creditors.

While Nigeria's total debt is $94.23 billion,Egypt is your oga in debt with $152.9 billion and Egypt household debt(domestic) is $23.5 billion dollars...totalling $176.4 billion.

https://www.ceicdata.com/en/indicator/egypt/household-debt


In 2025, Egypt's population is estimated to be around 118.4 million, while South Africa's population is estimated to be around 64.7 million. Egypt's population is projected to be 116.5 million in 2024. South Africa's population was estimated to be 63.0 million in 2024.
In 2025, Nigeria's population is projected to be around 234.57 million. In 2024, the population was estimated at 227.71 million. Projections indicate a significant increase in population over the next few years, according to statista.


What else do you want to say,sir?

Ritchiee:

Ok,I am getting off Trump and using South Africa and Egypt's debts to compare to Nigeria's debt.


In the 2024/25 financial year, South Africa's total debt, including government, household, and corporate debt, is estimated to be around $699.5 billion. This includes a government debt component of $300.2 billion (USD) at the end of 2024. The total debt represents a significant portion of the country's GDP, with the debt-to-GDP ratio ranging from 69.2% to 129%.


While all the total debt of Nigeria is 94.23 billion dollars that of South Africa is more than seven times bigger at 699.5 billion dollars.


As for Egypt.....
In June 2024, Egypt's external debt was $152.9 billion, which is 40% of its GDP. This means that Egypt owes approximately $152.9 billion in total debt to external creditors.

While Nigeria's total debt is $94.23 billion,Egypt is your oga in debt with $152.9 billion and Egypt household debt(domestic) is $23.5 billion dollars...totalling $176.4 billion.

https://www.ceicdata.com/en/indicator/egypt/household-debt


In 2025, Egypt's population is estimated to be around 118.4 million, while South Africa's population is estimated to be around 64.7 million. Egypt's population is projected to be 116.5 million in 2024. South Africa's population was estimated to be 63.0 million in 2024.
In 2025, Nigeria's population is projected to be around 234.57 million. In 2024, the population was estimated at 227.71 million. Projections indicate a significant increase in population over the next few years, according to statista.


What else do you want to say,sir?

Absolutely nothing.
Avoiding the most data for the citizens.(Per Capita income). Hope you know the massive implications of our large population to economic growth? Beautiful stats though.

LegendHero:


National Assembly will still need to approve it even at that point.

Noted. Till then.