Tinubu has borrowed significantly. Primarily from World Bank/IMF, & I’ll break them down.
WB Loan is $6.45 billion, borrowed within his first 16 months in office. The loans include:
1. $750 million ($449 million IBRD loan + $301 million IDA credit) for power sector recovery.
2. $500 million for women empowerment.
3. $800 million to support the Safety Net.
4. $2.7 billion, including $750 million for power sector recovery & $750 million for renewables.
5. $3.75 billion for 5 projects, including $1.5 billion for economic stabilization reforms, $750 million for resource mobilization reforms, $700 million for girls’ education, & $70 million grant.
6. IMF principal on Buhari’s $3.4 Loan include: SDR 125.99 million (approximately N274 billion at N2,180 per SDR) in charges & interest.
7. Domestic Borrowing: FG has significant domestic borrowing obligations through bond instruments, & it’s approximately N20.9 trillion.
8. Rubber Stamp Akpabio approved the securitization of N7.3 trillion Ways and Means.
Your Total External Debt stood at $46 billion by December 2024, but it far exceeds $50 billion when you add these ongoing borrowings.
Now, your Total National Debt (FG + States) is currently at N144 Trillion, excluding the $21.5 billon, 15 billion Yen, 2.1 billion euros & $2 billion foreign bond (new borrowing request).
Did any of these loans impact on anything? Pablo should have mercy upon us…..
WB Loan is $6.45 billion, borrowed within his first 16 months in office. The loans include:
1. $750 million ($449 million IBRD loan + $301 million IDA credit) for power sector recovery.
2. $500 million for women empowerment.
3. $800 million to support the Safety Net.
4. $2.7 billion, including $750 million for power sector recovery & $750 million for renewables.
5. $3.75 billion for 5 projects, including $1.5 billion for economic stabilization reforms, $750 million for resource mobilization reforms, $700 million for girls’ education, & $70 million grant.
6. IMF principal on Buhari’s $3.4 Loan include: SDR 125.99 million (approximately N274 billion at N2,180 per SDR) in charges & interest.
7. Domestic Borrowing: FG has significant domestic borrowing obligations through bond instruments, & it’s approximately N20.9 trillion.
8. Rubber Stamp Akpabio approved the securitization of N7.3 trillion Ways and Means.
Your Total External Debt stood at $46 billion by December 2024, but it far exceeds $50 billion when you add these ongoing borrowings.
Now, your Total National Debt (FG + States) is currently at N144 Trillion, excluding the $21.5 billon, 15 billion Yen, 2.1 billion euros & $2 billion foreign bond (new borrowing request).
Did any of these loans impact on anything? Pablo should have mercy upon us…..
Tinubu has borrowed significantly. Primarily from World Bank/IMF, & I’ll break them down.
WB Loan is $6.45 billion, borrowed within his first 16 months in office. The loans include:
1. $750 million ($449 million IBRD loan + $301 million IDA credit) for power sector recovery.
2. $500 million for women empowerment.
3. $800 million to support the Safety Net.
4. $2.7 billion, including $750 million for power sector recovery & $750 million for renewables.
5. $3.75 billion for 5 projects, including $1.5 billion for economic stabilization reforms, $750 million for resource mobilization reforms, $700 million for girls’ education, & $70 million grant.
6. IMF principal on Buhari’s $3.4 Loan include: SDR 125.99 million (approximately N274 billion at N2,180 per SDR) in charges & interest.
7. Domestic Borrowing: FG has significant domestic borrowing obligations through bond instruments, & it’s approximately N20.9 trillion.
8. Rubber Stamp Akpabio approved the securitization of N7.3 trillion Ways and Means.
Your Total External Debt stood at $46 billion by December 2024, but it far exceeds $50 billion when you add these ongoing borrowings.
Now, your Total National Debt (FG + States) is currently at N144 Trillion, excluding the $21.5 billon, 15 billion Yen, 2.1 billion euros & $2 billion foreign bond (new borrowing request).
Did any of these loans impact on anything? Pablo should have mercy upon us….. ðŸ˜ðŸ˜
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