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Showing posts with label International Monetary Fund (IMF). Show all posts
Showing posts with label International Monetary Fund (IMF). Show all posts

APC Government of Propaganda Seeks fresh Domestic And Foreign Loans For 2025 Budget After Tinubu's Claims That Nigeria Has Met Revenue Target

APC Government of Propaganda Seeks fresh Domestic And Foreign Loans For 2025 Budget After Tinubu's Claims That Nigeria Has Met Revenue Target



The head of Nigeria's propaganda government of APC Bola Ahmed Tinubu claimed that Nigeria has met its revenue target since August 2025.




This is nothing short of an insult to the intelligence of Nigerians as the same government has tendered before the National Assembly requesting for fresh Domestic and International Loans to bridge the 2025 budget.

How can a government boasting of “record revenues” still rush to the Senate, cap in hand, seeking fresh loans both locally and internationally?




Tinubu led APC anti people government formally requested an approval from the National Assembly to borrow N1.15 trillion from the domestic debt market to plug the funding gap in the 2025 budget.

The said proposal was presented in a letter that was read on the floor of the Senate during Tuesday’s plenary session by Senate President Godswill Akpabio

This contradiction exposes not fiscal success but hypocrisy and economic mismanagement of the APC led pro Terrorists Regime.




An administration that truly meets its revenue targets should be reducing debt, stabilizing the economy, and improving citizens’ welfare — not piling up more loans while the people drown in inflation, unemployment, and hardship.




Tinubu’s government has mastered the art of propaganda while abandoning the principles of accountability. Behind the glossy speeches and inflated figures lies a harsh reality: Nigeria’s coffers are empty, trust is broken, and leadership has become addicted to debt and deception.




Meeting revenue targets should bring relief and stability, not more suffering. Until transparency replaces rhetoric, every such claim remains a mockery of the struggling Nigerians.

According to the available information about the new loan application, he borrowing is intended to “bridge the funding gap and ensure full implementation of government programmes and projects under the 2025 fiscal plan.”




Following the reading, Senate President Akpabio referred the request to the Senate Committee on Local and Foreign Debt (chaired by Senator Aliyu Wammako) for detailed scrutiny.

The committee has been directed to submit its report within one week.

This domestic borrowing request comes amid parallel efforts by the Tinubu administration to obtain external financing.

In late October, the House of Representatives approved a $2.35 billion external borrowing plan, which includes refinancing maturing Eurobonds and issuing Nigeria’s first sovereign Sukuk.

Meanwhile, National Assembly has also approved a broader external debt package of over $2.8 billion to part-fund the 2025 deficit.




Observers note that Nigeria’s public debt burden has been rising rapidly.




In July, the Senate approved a sweeping external borrowing framework exceeding $21 billion to cover infrastructure, health, security, and other needs.



The head of Nigeria's propaganda government of APC Bola Ahmed Tinubu claimed that Nigeria has met its revenue target since August 2025.




This is nothing short of an insult to the intelligence of Nigerians as the same government has tendered before the National Assembly requesting for fresh Domestic and International Loans to bridge the 2025 budget.

How can a government boasting of “record revenues” still rush to the Senate, cap in hand, seeking fresh loans both locally and internationally?




Tinubu led APC anti people government formally requested an approval from the National Assembly to borrow N1.15 trillion from the domestic debt market to plug the funding gap in the 2025 budget.

The said proposal was presented in a letter that was read on the floor of the Senate during Tuesday’s plenary session by Senate President Godswill Akpabio

This contradiction exposes not fiscal success but hypocrisy and economic mismanagement of the APC led pro Terrorists Regime.




An administration that truly meets its revenue targets should be reducing debt, stabilizing the economy, and improving citizens’ welfare — not piling up more loans while the people drown in inflation, unemployment, and hardship.




Tinubu’s government has mastered the art of propaganda while abandoning the principles of accountability. Behind the glossy speeches and inflated figures lies a harsh reality: Nigeria’s coffers are empty, trust is broken, and leadership has become addicted to debt and deception.




Meeting revenue targets should bring relief and stability, not more suffering. Until transparency replaces rhetoric, every such claim remains a mockery of the struggling Nigerians.

According to the available information about the new loan application, he borrowing is intended to “bridge the funding gap and ensure full implementation of government programmes and projects under the 2025 fiscal plan.”




Following the reading, Senate President Akpabio referred the request to the Senate Committee on Local and Foreign Debt (chaired by Senator Aliyu Wammako) for detailed scrutiny.

The committee has been directed to submit its report within one week.

This domestic borrowing request comes amid parallel efforts by the Tinubu administration to obtain external financing.

In late October, the House of Representatives approved a $2.35 billion external borrowing plan, which includes refinancing maturing Eurobonds and issuing Nigeria’s first sovereign Sukuk.

Meanwhile, National Assembly has also approved a broader external debt package of over $2.8 billion to part-fund the 2025 deficit.




Observers note that Nigeria’s public debt burden has been rising rapidly.




In July, the Senate approved a sweeping external borrowing framework exceeding $21 billion to cover infrastructure, health, security, and other needs.

Tinubu's Irrational Borrowing Proposal: Our Nation Has Been Betrayed Again

Tinubu's Irrational Borrowing Proposal: Our Nation Has Been Betrayed Again

Tinubu 

Let history record this moment clearly: the president Bola Tinubu’s administration is attempting to dig a deeper financial grave for Nigeria while falsely claiming to be filling it up. This is a sin—not just against the economy, but against the generations of Nigerians yet unborn who will inherit this betrayal.


In what can only be described as an alarming affront to logic, accountability, and national dignity, the recent proposal by the Bola Ahmed Tinubu’s administration to borrow a staggering $21.5 billion exposes a deep and worsening contradiction at the heart of Nigeria’s fiscal and moral crisis. At a time when the government loudly trumpets the repayment of past debts—including loans from the International Monetary Fund (IMF)—one must ask: What was the hurry in paying off those loans if the intention was to plunge the nation into deeper debt almost immediately?


Traditionally, the paying off of debts signals a nation’s movement towards fiscal independence. It marks a resolve to rely on internal discipline, innovation, and productivity rather than perpetual dependence on foreign creditors. But in this administration’s case, debt repayment appears not to be a strategy for liberation, but a cynical reset for a fresh cycle of reckless borrowing. This contradiction renders the supposed triumph of debt repayment meaningless and insincere.


What is even more bewildering is the deliberate obfuscation of truth through deceitful propaganda. While the Tinubu-led government seeks parliamentary approval for this colossal loan, the Economic and Financial Crimes Commission (EFCC) recently announced that it has recovered an astronomical $967.5 billion (nearly $1 trillion). Meanwhile, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) declared the recovery of ₦277 billion in stolen or misappropriated funds. These are not insignificant figures—they represent enough capital to not only cover the country’s current borrowing ambitions but to inject a measure of revival into key national sectors.


Why, then, are we still being asked to accept the burden of more loans?


This is not just about poor fiscal management—it is deliberate deception, institutionalized hypocrisy, and unrepentant financial sinfulness. If these recoveries are genuine and available for use, borrowing should not be an option. If they are fictitious, then we are dealing with a propaganda machinery designed to pacify a suffering populace while silently mortgaging their future.


Daniel Wilson

Tinubu 

Let history record this moment clearly: the president Bola Tinubu’s administration is attempting to dig a deeper financial grave for Nigeria while falsely claiming to be filling it up. This is a sin—not just against the economy, but against the generations of Nigerians yet unborn who will inherit this betrayal.


In what can only be described as an alarming affront to logic, accountability, and national dignity, the recent proposal by the Bola Ahmed Tinubu’s administration to borrow a staggering $21.5 billion exposes a deep and worsening contradiction at the heart of Nigeria’s fiscal and moral crisis. At a time when the government loudly trumpets the repayment of past debts—including loans from the International Monetary Fund (IMF)—one must ask: What was the hurry in paying off those loans if the intention was to plunge the nation into deeper debt almost immediately?


Traditionally, the paying off of debts signals a nation’s movement towards fiscal independence. It marks a resolve to rely on internal discipline, innovation, and productivity rather than perpetual dependence on foreign creditors. But in this administration’s case, debt repayment appears not to be a strategy for liberation, but a cynical reset for a fresh cycle of reckless borrowing. This contradiction renders the supposed triumph of debt repayment meaningless and insincere.


What is even more bewildering is the deliberate obfuscation of truth through deceitful propaganda. While the Tinubu-led government seeks parliamentary approval for this colossal loan, the Economic and Financial Crimes Commission (EFCC) recently announced that it has recovered an astronomical $967.5 billion (nearly $1 trillion). Meanwhile, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) declared the recovery of ₦277 billion in stolen or misappropriated funds. These are not insignificant figures—they represent enough capital to not only cover the country’s current borrowing ambitions but to inject a measure of revival into key national sectors.


Why, then, are we still being asked to accept the burden of more loans?


This is not just about poor fiscal management—it is deliberate deception, institutionalized hypocrisy, and unrepentant financial sinfulness. If these recoveries are genuine and available for use, borrowing should not be an option. If they are fictitious, then we are dealing with a propaganda machinery designed to pacify a suffering populace while silently mortgaging their future.


Daniel Wilson

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