Muhammad Zahraddeen

@Whales2024 @Onsogbu Borrowing continues by each successive government at an even unprecedented level! So, I ask the question you are curious to reply back. How will the cumulative loans be terminated and get repaid back?

@Onsogbu Some of u are just mumu No critical thinking Na people dey think for una. Buhari borrow and use Una crude has collateral Now Una dey suffer am d same thing dey happen Instead mk Una ask How will dey pay back dis loan None of Una care to ask Later Una go dey blame d West

WHEN SANUSI WAS CBN GOVERNOR, JONATHAN WAS BORROWING DESPITE OIL BOOM I don't like hypocrisy. And when I see it, I will say it . Remember under the Goodluck Jonathan administration there was oil boom? Oil was selling for $80- $120 . Money was in excess. So why were they borrowing? They earned over $300 billion (which can't be accounted for) through oil , they were not supposed to borrow. So why did they borrow? Here’s a clear, fact-based breakdown: Nigeria’s Borrowing Under Jonathan (2010–2015) Total Public Debt 2010 (start): ₦12.6 trillion ($65 billion) 2015 (end): ₦12.1 trillion ($63–65 billion) Key Shift: Domestic vs External Debt Domestic Debt (major increase) 2010: ~₦4.5 trillion 2015: ~₦8.4 trillion Government relied heavily on local borrowing (Treasury bills, bonds) External Debt (declined initially, then slightly rose) 2010: ~$4.5 billion 2013: ~$2.1 billion (lowest point) 2015: ~$7–9 billion Here's what you should know. These were why they borrowed. - Low savings despite high oil prices. - The famous allegation that $20 billion oil revenue was unaccounted for (later disputed and politically controversial) - Heavy fuel subsidy payments. That's very important. They were borrowing to pay subsidy even when there was oil boom. Oil was selling $100 - $120 per barrel. - Large government wage bill. - Declining savings in: Excess Crude Account (from $20bn to $3bn) - Little infrastructure impact compared to borrowing levels. - Failure to save during oil boom years. Here's my focus. What I want you to focus on is the fact that they borrowed to fund subsidy even with huge money from oil boom. Did Tinubu experience oil boom? The $300 billion made under Jonathan was supposed to be saved and reinvested, they wasted it. Nigeria became dry. You should also know that .. The spendings in oil subsidy was eating into money they needed to work plus the financial RASCALITY of that administration. So the removal of fuel subsidy doesn't automatically mean we have cash from money we're no longer paying. That cash doesn't exist physically. It never existed under Jonathan. Previous administrations all borrowed to fund it . Now under Asiwaju Bola Ahmed Tinubu , what changed Is that even when we borrow, we're no longer using it to pay subsidy. We're now giving it to states and local governments to develop Nigeria. But they're not doing it . This is where the problem is. So people asking, what is Tinubu doing with subsidy Money. Here's your answer. 1. There's no physical cash anywhere saved from subsidy. 2. Administrations before Tinubu had to borrow to fund it. 3. Nigeria borrows mainly because it is not industrialized... productivity is low... we're broke... We even produce less oil bellow our capacity to the world. So we earn less far Below our national needs . 4. So under Tinubu, nothing has changed except that the money borrowed is now given for the building of railways, roads and given to states and local governments to develop. So Emir Mohammed Sanusi was just playing politics. What he said doesn't match facts on the table. Ugoji Maximillian

@realBk_network @Big_marvis Those that enjoyed free or the least subsidized education with scholarships for all enrollees students of tertiary institutions are the same sets now granting loans with guarantors that are not readily available for the everyday people! What a paradox!

@Muzadeen @Big_marvis Ok but you've heard of student loan when they talk about using subsidy to funds it shey una no believe you people dragged them saying na by connection na u go take get am now they stop talking and do what they feel is right

WHY IS TINUBU BORROWING? I AM GOING TO BE VERY BLUNT HERE. Please I beg you, this post is very important. SHARE it. President Asiwaju Bola Ahmed Tinubu came to the Senate yet again seeking to borrow the sum of $516M . The purpose is to finance the finishing of the Sokoto-Badagry highway. And to this ,the Senate President says, "It Is Better To Borrow For Projects To Improve Road Safety And Foster National Integration" — Senate President, Akpabio I have received several calls from friends who say "You see am? Tinubu is borrowing again." Then I ask, what's it with you people and his borrowing again? I believe you don't know,now I want to answer you on why previous administrations borrowed and why he's borrowing. Let me break it down to the layman's understanding. Have you ever borrowed money before ? Either from your friends, micro finance banks or those online Apps that give many sleepless nights?🤣 I assume the answer it YES? So why did you borrow? Perhaps you needed to start a small business or increase your business or you're on a project ? So why did you borrow to execute the project? The answer is simple. Your productive capacity is not enough to produce the money you need to finance your projects. Now imagine that you're a guy who inherited ten plots of land. Before now a plot there was selling for just one million. Then suddenly a maga company came there and built a factory and a federal university moved in there too. The value quickly shot to 30M per plot. 10 plots will be N300 M. You sold all of them and you were swimming in Money. Then you made no further investments with the money. You squandered the money. And before one year you were back to square one. So if you're going to survive, manage to start a business, send your kids to school, feed, and finance your other needs , what will be your option? Miracles? No. You'll borrow. Let's say you've learnt your lessons, borrowing is not a bad thing as long as you're using the money to invest in things that will generate profit and enabling you pay back. And in five years, you could become a successful businessman again. So this is the case with Nigeria. Previous administrations squandered golden opportunities for Nigeria to prosper. Jonathan administration especially enjoyed oil boom and earned $300 billion. That was our opportunity to industrialize and blow up , but the money ended up in private bank accounts. We're borrowing $516 M now , but Jonathan's petroleum minister , Diezani Madueke-Allison alone disappeared $20 billion. Till today that money can't be found. From my post last night you could see testimonies from Central bank Governors Soludo and Sanusi plus Dr. Ngozi Okonjo-Iweala saying that, "Whoever would takeover from Jonathan in 2015 would suffer because he will have no money to run government." Remember, all these three served in that government and they had this testimony about it? Let me tell you, whoever tells you that if he becomes Nigeria's president today he won't borrow, that person is not being honest. What miracle is he going to do? If you don't have money , how are you going to finance projects? Unless he's going to do what Peter Obi did in Anambra - keep money in the bank and do no major transformational projects. Play baba Ijebu Economist. Is this what we want? You could see what Tinubu needs this money for? A major highway linking Lagos and Sokoto -northern business Axis. This road is linking products to customers. This is why I tell you to pay attention to every move Tinubu makes. See the sense in them. I tell you that this road will finance the repayment of that loan before the end of one year. The biggest road revolution in this country is this Badagry-Sokoto and Coastal road. They'll blow up Nigeria's economy greater than anything you've seen. I support Asiwaju with my full chest. A leader who makes moves that matter. Even when the moves are unpopular.

@Big_marvis Where's the transparency regarding subsidy savings? Foreign reserve increments that don't translate to real growth amidst high poverty rate are just abstract figurative expressions!

@Muzadeen But you keep hearing that the foreign reserves keep increasing every month, where do you think they are getting money to do that

@QuantumCipheria @cute_visual @OsosaChris Post subsidy regime! For what?

@cute_visual @OsosaChris Don't mind the clown, Tinubu administration has spend almost $8billion despite removing subsidy

OBJ spent $60Billion in 8 years to defend the naira against the dollars. Yar'dua spent $58Billion/Jonathan $145Billion in 8 years to defend the naira against the dollars. Buhari spent $125Billion in 8 years to defend the naira against the dollars. Tinubu has spent $0 dollars in defending the naira against the dollars. President Bola Ahmed Tinubu is making the hard decisions that will give the nation structural stability in true growth that will be sustainable. This is the true definition of nation building. The Renewed Hope Agenda of Mr President will birth a new Nigeria redefined in national growth and prosperity. Thank you Mr. President for your courageous leadership!

@cresundsea @ADCVanguard_ She is exceptional because all sectors of her economy are unsubsidized with either the subsidy being removed or doesn't exist in the first place!

@ADCVanguard_ .......to enable good living and proper industrialisation. no nation develop without subsidizing major economy sectors, and Nigeria isn't an exception.

JUST IN: Sanusi Tears Into Tinubu Govt Policies Says ‘You Can’t Remove Subsidy and Keep Borrowing’ The Emir of Kano, Sanusi Lamido Sanusi, has reiterated that Nigeria had no choice but to remove fuel subsidy, warning that the previous system was no longer sustainable. “I have always said the subsidy regime was unsustainable. We cannot continue supporting foreign refineries when we’re an oil-producing country,” he said. He also dismissed artificial exchange rate controls, stating: “Artificial exchange rates, especially printing money, can’t work, there will be devaluation.” Sanusi maintained that the reforms themselves were correct: “For me, removing subsidy or liberalizing exchange rates, these are good interventions.” However, he raised concerns about execution, particularly timing: “If you decide to remove subsidy and liberalize exchange rates in an environment of very loose monetary conditions… the naira drops to a bottomless pit.” He stressed that Nigeria’s fiscal situation made subsidy removal unavoidable: “When you get to a point where 100% of your revenue goes into debt service, you cannot continue.” Despite this, he questioned why borrowing continues after subsidy removal: “We’ve removed the subsidy… What we should now see is fiscal consolidation. You cannot remove subsidies and continue borrowing.” He ended with a direct challenge: “If you’re not paying subsidy and you have the money, why are we still borrowing? What are we borrowing for?”

@Benithamahrez1 😅

OMG😱

@FinPlanKaluAja1 @foundation2006 I like your reply to the guy with a clueless and illogical reasoning type of mindset!

@foundation2006 You know the US has 24/7 power But continue, I won't stop you

There should not be a fee to install a solar panel on any home in a power-challenged nation or State. The State government should rather be offering a rebate to Land Use charges for homeowners to install a solar panel. I remind you that Lagos State launched Nigeria's first sub-national green bond in November 2025, raising ₦14.815 billion (Series 3) to fund environmentally friendly projects like renewable energy. It's like charging mothers a fee to vaccinate their kids from Polio

@ZorrobankzC @Bashir_GS Unfortunately, it is quite sad that the Judiciary is now fully political, belonging and dancing to the tune of the ruling party!

@Bashir_GS Funny enough,the "missing affidavit" isn't an accident, it’s a strategic signal from the judicial bureaucracy that they are not yet ready to be the battleground for this particular war between the NSA and the former Governor

Update: Mallam Nasir El-Rufai was arraigned and a 5-count charge bothering on allegations of phone tapping allegations were read to him. He pleaded not guilty to all of them. However an affidavit filed by his lawyers could not be found. It is missing in the file before Judge. The matter has been stood down for that to be sorted out.

@ennyola0015 @SNnajiude Of course you are deep hollow!

@SNnajiude If this line of thought is what intelligence means, I’m hollow.

Without foreign loans, relying only on oil and taxes, meaningful infrastructure progress would take us roughly 396 years😭.

@ojodale58 @Okoroaforlaura @nwaocheimarvel @__dikachi @PureMinD__ 😅 Do you mean you are lifeless?

@Muzadeen @Okoroaforlaura @nwaocheimarvel @__dikachi @PureMinD__ Get a life pls.

Subsidy on fuel - Removed Subsidy on Education - Removed Subsidy on Electricity - Removed Subsidy on everything beneficial to the common Nigerian - Removed So I ask again, what exactly does the Nigerian government of today do to make life easier for the common Nigerian?

@ojodale58 @Okoroaforlaura @nwaocheimarvel @__dikachi @PureMinD__ All of your Voo Doo economics doesn't hold water! It is far from being in touch with reality, let alone apply to such scenarios where the more you see the less you understand!

@Okoroaforlaura @Muzadeen @nwaocheimarvel @__dikachi @PureMinD__ Nigeria has always been a poor country, with revenue generation problem. Under your so called Jonathan, what was the capital budget ratio?? i cannot be educating someone who failed to finish high school, no be me go teach you economics and sense. Wallow in your ignorance

@Vindicatedchidi No FOMO! Remain indifferent! Be ready for double sided outcomes, similar to coin tossing. Expect and accept a bullish or bearish outcome! That is the straight and simple fact!

Seems $CORE is gradually recovering. I'm patiently waiting. Can it reach $10 before December 2026?

@nwaocheimarvel @ojodale58 @__dikachi @PureMinD__ He is lost and has fallen into silent mode to respond!

@ojodale58 @__dikachi @PureMinD__ Nigeria is a poor country, but they spend billions of naira to be president, governor, senator or chairman in a poor country. A poor country with some of the richest politicians in the world. Allow them to keep lying to you that Nigeria is a poor country while they loot it dry.

@ojodale58 @PureMinD__ Okay with your long grammar! Subsidy in all aspects are gone yet borrowing is continuous and unprecedented. What is that called with regards to the future, a stalled future or what?

What has the subsidy done for the common man. And when will the common man stop been a commoner. Are we to mortgage our future and the future of our unborn children, cause of the common man? Are we all going to be a commoner before we do what is right for Nigeria? Fuuull for clout

@Coredao_Org @sat_pay

Over 23,000 people have already joined the @sat_pay waitlist. The demand for a Bitcoin standard is real.

@ishaqsamaila5 Subsidy gone, yet borrowing continues and the debt burden is now at N159Trillion! Is it about jumping from the frying pan into the fire?

History no dey lie. 21 years ago, Obasanjo tried remove fuel subsidy—he said it was draining billions and killing the economy. He pushed hard, but he couldn’t get it done. Fast forward to 2023, Jagaban stepped in and removed it from day one—something past leaders attempted but failed to achieve. Love am or hate am, that move changed the game. Jagaban ọmọ ológo! 🔥🇳🇬

@SamboMaiHula Sambo Mai Hula, you must be Sambo Mai Hau..!

• Iran produces oil and sells it at an exorbitant price today. • Saudi Arabia, along with many other oil-producing nations, is also facing this issue. In Nigeria, the price of fuel per liter is currently just 1300. In contrast, other oil-producing nations have a barrel of oil priced over 100 dollars today. We express our gratitude to the PBAT administration for making the Dangote Refinery lively and ensuring its continued functioning, even amidst the ongoing global conflict. Despite these challenges, Nigerians are fortunate to have access to fuel at a lower rate compared to other oil-producing countries.

@ennyola0015 This time there's no room for whistle blowing!

Was it easier to steal public funds before this administration, or are whistleblowers fed up?

@NigeriaStories It's equivalent to saying that no presence of leadership and government doesn't exists in the country!

President Bola Tinubu not responsible for fuel price hike. ~ APC chieftain, Soni Abang says