NewStats: 3,263,924 , 8,181,903 topics. Date: Sunday, 08 June 2025 at 07:20 PM 565o2h

hi

Good morning

Good morning Nigerians

Ritchiee:


In Nigeria, the federal government and the states share revenue through the Federation Allocation Committee (FAAC). The current revenue sharing formula allocates 52.68% to the FG, 26.68% to the states, and 20.60% to local governments. Additionally, oil-producing states receive a 13% derivation fund.

Now all FAAC allocations to governors etc have tripled.They are paying their debts and borrowing none or less.Most of them are executing projects right,left and centre without borrowing.

No ASUU strike and all other strikes that have become a culture in Nigeria.

Tinubu himself had borrowed 9.9 billion dollars since his coming and he has paid back more than 12 billion dollars of Nigeria's debt.

Borrowing is not bad if only they would use it for production or infrastructures and not looted.

Your last statement is what we all know is common, none of them is working for the interest of the masses. The rate at which all politicians are looting funds will amaze you later when the story comes up. it has always been business as usual.

Ritchiee:
Good.
He is paying the debts even the ones he met on ground.
Even Keir Starmer,Trump etc are borrowing money.
Serious nations and govts will always borrow and pay as much as possible but they should use the money for laudable projects not loot.
We all know that President Tinubu has 4 legacy projects and numerous projects all over the 6 geo political zones of Nigeria.
There had never been projects being executed simultaneously all over Nigeria the way they are in this dispensation.
He should have borrowed up to 50 billion dollars in order to quicken the growth of Nigeria and Nigerians.

You sound educated but where is all the saved billions from subsidy?

forgiveness:
They are just borrowing money but I hope it's used judiciously for the purpose.

Have you ever seen any past president borrow money and use it for the said purpose? That money will disappear immediately its release.

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iichidodo:
Ok bro..

I have not seen your message on my WhatsApp