Netizens have questioned the Tinubu government’s decision to borrow $20 billion despite claims of saving $20 billion from the removal of fuel subsidies.
Many expressed confusion and frustration, asking why the subsidy savings were not utilized instead of seeking external loans.
Many questioned why the funds from the subsidy savings were not utilized instead, criticizing what they perceive as a lack of transparency in managing public resources.
The questions were directed at Nigeria’s Finance Minister, Wale Edun, as citizens demanded clarity on the use of the subsidy savings and the rationale behind the borrowing.
@MandateBandit said, “And you’re about to borrow $2 billion? Why didn’t you just take 2 billion from the 20 billion and keep 18 billion? Make it make sense pls”
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@HarrisonOkonkw8 said, “Why you borrowing $2b.”
@CountlessWealth said, “Simply ask him why is the same Tinubu going to borrow $2 billion”
@PEEnigma asked “Where has it gone to because the economy is not showing any sign of recovery.”
@MrTeekay001 said, “Yet Tinubu still wrote to NASS seeking their approval to borrow some money? Who’s fooling who??
@vian337 said “Yet balablu keeps borrowing like his life depends on it. Continue, one day bush meat go catch the hunter”
@_Street_General said,” I still don’t understand how the government saved $20,000,000,000 and still borrow $2,000,000. Where is the money saved? What are they going to do with it?”
@EbukaKingeyN1 said, “We saved $20billion that’s a great news someone would say. So Why is the FG asking to borrow ordinary $2billion when we have $20billion saved? This thing no clear to me. @cenbank @NGRSenate.”
@Xandyy_Jay asked, “So where is the money? How was it shared? Where is my own?”
@blochief hilariously said, “$20 billion saved in Oluwole reserves bank without withdrawal function.”
@corporal_111 said “Then why is President Tinubu asking for approval for a loan of 2.2 billion dollars? Nigeria is owing more than 120 trillion; this amount of debt will sink the country. Someone should call the president to order; he needs to stop this borrowing spree for the sake of the country.”
The concerns were primarily directed at Finance Minister Wale Edun, with citizens demanding explanations about the use of the subsidy savings and the justification for the borrowing.
They have called for greater accountability, urging the government to clarify how the saved funds are being allocated to ensure public trust.
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