Tinubu's Government and Loan

[Tonimez]

Vanguard

Barely 3 hours after receiving a letter from the President of Nigeria, President Bola Ahmed Tinubu, the senate ably lead by Senator Godswill have approved the loan application and granted a go ahead for the president to secure another 6 billion US dollars from the United Arab Emirates. Since the inception of this government, the president has collected up to 10 major loans around the world. How evident is the result of this loan collection in the nations infrastructural growth? Report has it that the loan amount has increased by over #56 trillion and still counting.

How efficient is this regime, do we believe in the renewed hope or all hope is lost? I don't want to imagine that these guys are only collecting loan to loot among themselves because wtf?

[Charles-Tim]

African leaders are stupid, this is no more new. Do not be surprised at all because we have known APC government to have been like this since Buhari time in government.

The problem now is that the African leaders are making their citizens pay higher taxes to be able to pay the loan, yet do not be surprised if they are not abo to finish paying the loan as usual.

[Son Of Blockchain (SOB)]

 Wow #56 trillion! The number looks unbelievable but I'll believe it even though I'm shocked cause that's how the APC regime has been operating since they took over, borrow money and tax the masses through different means to pay part of the debt then borrow again, what's annoying me now is that we're still owing lots of debt yet they keep taking more loans.
 With all loans they been taken yet nothing to give account of it, we still have bad roads, lack good power supply, educational system is poor and so on. If you dig deep you'll figure out that this loans are taken in preparations of the upcoming election in 2027.

[Queen uloma]

African leaders are stupid, this is no more new. Do not be surprised at all because we have known APC government to have been like this since Buhari time in government.

The problem now is that the African leaders are making their citizens pay higher taxes to be able to pay the loan, yet do not be surprised if they are not abo to finish paying the loan as usual.

Omg I support you Biko, the truth is that many African countries like Nigeria borrows money for development, infrastructure And to cover budget gaps. But where the problem is coming from is how the money is being manage, how transparent is the spending, and if all this project is actually bring value back to our economy. When debt increases, the government sometimes will raise taxes or remove subsidies to service the loans. Which can affect the ordinary citizens heavily especially if salary doesn't increase. All this imbalance contribute to our anger. African leaders ain't the only people borrowing, many countries across the world borrows too, but the difference is how it's been manage.

[Mr Reporter]

African leaders are stupid, this is no more new. Do not be surprised at all because we have known APC government to have been like this since Buhari time in government.

The problem now is that the African leaders are making their citizens pay higher taxes to be able to pay the loan, yet do not be surprised if they are not abo to finish paying the loan as usual.

How was I even talking about this issue today with a friend and it was more like this APC guys are just here to keep borrowing money from country to countries and while they allow people get killed every day by day what a mess this country is getting into every with such debt..the question is who is going to pay the loans when he is no more…why is Nigeria fund of borrowing loan all the time what happens to our money in the central banks…

The truth of the matter is that after borrowing such amounts of money they do not no how it be spent or what is the used for, I just imagine how they steal public funds and live a good lifestyle with it..some people are just wicked for life..

[ArabBTC]

Vanguard

Barely 3 hours after receiving a letter from the President of Nigeria, President Bola Ahmed Tinubu, the senate ably lead by Senator Godswill have approved the loan application and granted a go ahead for the president to secure another 6 billion US dollars from the United Arab Emirates. Since the inception of this government, the president has collected up to 10 major loans around the world. How evident is the result of this loan collection in the nations infrastructural growth? Report has it that the loan amount has increased by over #56 trillion and still counting.

How efficient is this regime, do we believe in the renewed hope or all hope is lost? I don't want to imagine that these guys are only collecting loan to loot among themselves because wtf?

Most times i even wonder who gives our leaders advice, how can a country continue to fund its economy on borrowing? This Nigerian leaders just want to turn people into slaves because the white man can never give you anything for free all this money that they are borrowing up and down will be paid for one day, however, i won’t allocate this borrowing to just APC because this borrowing trend have started a long time ago.

Nigeria leaders are really heartless and inhuman, i have never seen this kind of greed, do you know that they can actually borrow this money and invest it in areas that will yield profits to the nation and still make a little out of the money then when the dividends come they pay back the loan and get some extra profit but no our government are just so shameless and wicked that they care less about the countries future, sincerely this borrowing has to stop else the future of Nigeria will be eaten completely by this politicians and one day Nigerians will be slave again in there country because of debt.

[Son Of Blockchain (SOB)]

 I just woke up to this news from Vanguard and it's so disappointing that the Senate couldn't take longer to ponder on the loan request but approved it immediately the President made the request, this is foolishness at the highest order and the poor masses are the ones that would suffer afterall that's why they don't care, these people are heartless.
 Sen God'swill Akpabio is the most useless Senate President Nigeria has ever got history would never forget his silly actions and how helped crumble the economy of Nigeria by standing on a foolish drug barons mandate, you all should prepare for more taxation cause thats the only way this evil APC regime can clear those debts.

[Biirakedee]

Wow #56 trillion! The number looks unbelievable but I'll believe it even though I'm shocked cause that's how the APC regime has been operating since they took over, borrow money and tax the masses through different means to pay part of the debt then borrow again, what's annoying me now is that we're still owing lots of debt yet they keep taking more loans.
 With all loans they been taken yet nothing to give account of it, we still have bad roads, lack good power supply, educational system is poor and so on. If you dig deep you'll figure out that this loans are taken in preparations of the upcoming election in 2027.

Honestly it just feels like a cycle thing, borrow, tax then borrow again. When people don’t see improvement’s in things like road education, it raises a lot of concerns on how those loans are being used but also I think we should be careful about concluding that the loans are specifically for election because evidence no really de for that one. I feel the real issue here is transparency, people really want to know and understand where the money is going and what it is being used for and why we don’t feel the impact. For me, borrowing shouldn’t be a problem because other countries do as well but the main problem is borrowing without clear results that people can actually see. At the end of the day We want to be able to point at something and be like yes this is what the money we borrowed as achieved.

[HajiBagi]

African leaders are stupid, this is no more new. Do not be surprised at all because we have known APC government to have been like this since Buhari time in government.

The problem now is that the African leaders are making their citizens pay higher taxes to be able to pay the loan, yet do not be surprised if they are not abo to finish paying the loan as usual.

I am not surprised by the news because many loans have been taking from different countries by Nigeria government and it looks like they are not going to stop now until their regime is over but what is actually surprising me is that what are they doing with the loan they are taking, are they using it to build the country? Are they using to save peoples who got kidnapped by the bandits? Or are they using the money to give the citizens work? The answer is No, we don’t know what they are using the money for because these are things we are facing in Nigeria right now.

Many citizens have been killed last weekend and they did not say anything about it but they have the time to take loan and be asking the citizens to pay tax and increase the tax, it looks like this APC are thinking that we are not human beings or they think that we are small children and they have the power to do what they like and we must vote for them when they want to go for another round, i don’t even know where this country is heading to, Tinubu is the worst president ever in history of Nigeria.

[Mr Reporter]

Vanguard

Barely 3 hours after receiving a letter from the President of Nigeria, President Bola Ahmed Tinubu, the senate ably lead by Senator Godswill have approved the loan application and granted a go ahead for the president to secure another 6 billion US dollars from the United Arab Emirates. Since the inception of this government, the president has collected up to 10 major loans around the world. How evident is the result of this loan collection in the nations infrastructural growth? Report has it that the loan amount has increased by over #56 trillion and still counting.

How efficient is this regime, do we believe in the renewed hope or all hope is lost? I don't want to imagine that these guys are only collecting loan to loot among themselves because wtf?

Most times i even wonder who gives our leaders advice, how can a country continue to fund its economy on borrowing? This Nigerian leaders just want to turn people into slaves because the white man can never give you anything for free all this money that they are borrowing up and down will be paid for one day, however, i won’t allocate this borrowing to just APC because this borrowing trend have started a long time ago.

Nigeria leaders are really heartless and inhuman, i have never seen this kind of greed, do you know that they can actually borrow this money and invest it in areas that will yield profits to the nation and still make a little out of the money then when the dividends come they pay back the loan and get some extra profit but no our government are just so shameless and wicked that they care less about the countries future, sincerely this borrowing has to stop else the future of Nigeria will be eaten completely by this politicians and one day Nigerians will be slave again in there country because of debt.

This guys no what they are doing at some point i feel all this loan debt they are putting us into are been paid somehow maybe from the country nature resources…i just feel somehow the government are paying with some of this mineral resources and it not even sounding funny again and the part they are playing heartless and turning they backs on human life is what is paining me the most honestly speaking our government are so shameful and pathetic at what they are so call doing right now thing are not done that way to see poor people suffering this much..it now even looks they is no saver in this country to say anything.

[Tetu100]

Vanguard

Barely 3 hours after receiving a letter from the President of Nigeria, President Bola Ahmed Tinubu, the senate ably lead by Senator Godswill have approved the loan application and granted a go ahead for the president to secure another 6 billion US dollars from the United Arab Emirates. Since the inception of this government, the president has collected up to 10 major loans around the world. How evident is the result of this loan collection in the nations infrastructural growth? Report has it that the loan amount has increased by over #56 trillion and still counting.

How efficient is this regime, do we believe in the renewed hope or all hope is lost? I don't want to imagine that these guys are only collecting loan to loot among themselves because wtf?

What were we expecting from a drug lord, a criminal gang parading themselves as our leaders in Nigeria, nothing absolutely can come out from those set of humans being. However in the history of Nigeria no president put together has ever borrowed the amount Tinubu and his gang of thiefs has borrowed alone since in the entire history of Nigeria, to show how evil and demonic him and his entire crew are.

And you see one funny thing about we Nigerians is that we love adapting to any kind of treatment and it's very bad, nobody is ready to hold them accountable for their actions, everybody is busying glorifying them for their evil deed. Personally to me am tired of talking talking without any reasonable results, possibly all of these their actions has a negative way of reacting on the citizens and all we the citizens does is sit back and complain without actions, no problem I believe we haven't suffer enough when we are really fed up nobody will remind us on the right thing to do.

[Marvelockg]

How efficient is this regime, do we believe in the renewed hope or all hope is lost? I don't want to imagine that these guys are only collecting loan to loot among themselves because wtf?

This is not just about the tinibu regime. It's the fact that we're getting too used to taking of loan to engage in a non revenue generating ventures and administration after administration, it's almost looking like that's the new part that they are bent on taking.

This administration will continue to take up loans till the next one comes and it's likely going to be the same thing which will leave us in a never ending vicious circle of indebtedness. With the multiple loans we continue to take, we're only indirectly enslaving ourselves to the people we are taking the loan from because believe it or not, nothing goes for nothing. You take up a loan and there's always going to be a clause that's going to be attached to it.

[Biirakedee]

How efficient is this regime, do we believe in the renewed hope or all hope is lost? I don't want to imagine that these guys are only collecting loan to loot among themselves because wtf?

This is not just about the tinibu regime. It's the fact that we're getting too used to taking of loan to engage in a non revenue generating ventures and administration after administration, it's almost looking like that's the new part that they are bent on taking.

This administration will continue to take up loans till the next one comes and it's likely going to be the same thing which will leave us in a never ending vicious circle of indebtedness. With the multiple loans we continue to take, we're only indirectly enslaving ourselves to the people we are taking the loan from because believe it or not, nothing goes for nothing. You take up a loan and there's always going to be a clause that's going to be attached to it.

I agree with you, it’s is bigger than just bola Tinubu or any administration. The real issue is that borrowing has almost become a pattern when one government borrows the next continues and it keeps going like that. The worrying part is not even about the loan itself but what are they used for. If the money was clearly going into projects that generated revenue or improve the economy of the country, people will not complain this much but when it’s not obvious it starts to feel like we are just pilling up debts without any progress. So for me i feel if this borrowing continues without clear results, it stops being development but a burden for the future.

[9ja Amaka]

My problem is not for the government to collect loan, but my issue is what are they doing with the loans they have been collecting.  Report has it that this government has borrowed over 150 trillion naira, which is more than any government since the time of former president Olusegun Obasanjo. All this other administration did not remove fuel subsidy and they still borrowed less that this administration that removed subsidy. My question is what is the use of removing subsidy if they are still borrowing this much and what is the effect of this loan on our economy.  I think this government is just wicked and all they care about is their pockets, that's why it took the senate just 3 hours to approve the loan, because they know it's just more money from them to share amongst themselves.

[Callido]

How efficient is this regime, do we believe in the renewed hope or all hope is lost? I don't want to imagine that these guys are only collecting loan to loot among themselves because wtf?

We are talking about the worse regime ever since the history of Nigeria as a country. The painful part is that there are people still singing on your mandate, after seeing through all that is happening. Nigerians are somehow the most useless set of people to have ever lived, no wonder we forced and slaved for years even with all we've got.

Taking loans and adding more loans, makes us inferior and must be loyal to our borrowers as debtors. Our government are busy enslaving us indirectly, and all of these are for selfish reasons.

[igebotz]

African leaders are stupid, this is no more new. Do not be surprised at all because we have known APC government to have been like this since Buhari time in government.

The problem now is that the African leaders are making their citizens pay higher taxes to be able to pay the loan, yet do not be surprised if they are not abo to finish paying the loan as usual.

Do you know what's more concerning about this ? He told us, every money saved from subsidy was going to be use to service our debts, yet all we see is the Govemment borrowing to spend lavishly. The amount Tinubu has borrowed in his first three years in government would make it difficult for anyone who succeeds him to govern efficiently. ( You'll spend everything on servicing debts)

This administration saves 6-10 trillion annually from subsidy according to several reports and we're not seeing any intact; not in debt servicing, not in infrastructure as promised.

[Abdulzuruku01]

I did not believe in any renew hope from this regime, many important aspects like security system and cost living have already reached the level of collapse. Honestly It's obvious now that this people are using Nigerian budget as a shield to loot the money because we didn't see any impact of budgets and strange part is, it keeps going high each year without meaningful growth of nation.

I saw one of the news about the issue of this loan, they were saying purpose of him requesting for this loan is to eradicate the poverty, and if it's happen to be true, I don't think they will channel that money to even close to what they present.

[Africolo]

Vanguard

Barely 3 hours after receiving a letter from the President of Nigeria, President Bola Ahmed Tinubu, the senate ably lead by Senator Godswill have approved the loan application and granted a go ahead for the president to secure another 6 billion US dollars from the United Arab Emirates. Since the inception of this government, the president has collected up to 10 major loans around the world. How evident is the result of this loan collection in the nations infrastructural growth? Report has it that the loan amount has increased by over #56 trillion and still counting.

How efficient is this regime, do we believe in the renewed hope or all hope is lost? I don't want to imagine that these guys are only collecting loan to loot among themselves because wtf?

Do we still have people who are still standing on his mandate?, because the level of suffering faced by Nigerians during this regime is horrible and yet this Man keeps borrowing money on daily basis, what does he uses all this money for?, and yet still taxing every Nigerian on all electronic deposit made. He has bought the Senate and Akpabio over to himself that anything he utters within seconds they must implement and approve it without asking questions.

This money that is being borrowed,  I'm sure they are using tricks under budget to loot funds and saving money they will use for their campaigns during elections, all those who were supposed to protest as they did against Good luck Ebelle Jonathan has gone mute into their shell. Tinubu's regime can be best describe as the worst so far in the history of Nigeria since his inception as president has been so much borrowing and what he borrows money for is not visible to us.

[Juicyhome]

African leaders are stupid, this is no more new. Do not be surprised at all because we have known APC government to have been like this since Buhari time in government.

The problem now is that the African leaders are making their citizens pay higher taxes to be able to pay the loan, yet do not be surprised if they are not abo to finish paying the loan as usual.

This Tinubu administration has taken more loans than obasanjo, Jonathan and Buhari combined, the Apc came to destroy Nigeria especially this current government the nation Assembly under Akpabio is only known for taking loan.

He approves every loan request without delay because the Apc are majority in the Assembly, the stupid thing here is that these loans are not used for anything meaningful than. To share among themselves. The Next president has to start paying off the loans that he never took. This our country is a disgrace, we haven't seen this kind of useless politicians like this before.

[Sammysmart001]

Just imagine if not bad leadership. How can all this keep happening day by day  and nobody can stop them from doing what they wish to do. If we are to ask what are all this loan for at first?, what are they borrowing all this huge some of money for ……Nigerian my country, we are doomed all in the name of leadership. They are gradually selling this country and what do we have to say about this? Nothing. This because right to freedom of speech is no longer but into consideration . Poor people are the ones suffering this day by day, is it that there are no one that can stop all this from happening or what, this country is all fuck up