NewStats: 3,264,238 , 8,183,093 topics. Date: Tuesday, 10 June 2025 at 10:20 AM 5q335x

President Bola Tinubu Is Not Borrowing $21 Billion

Dear Citizens of the Federal Republic of Nigeria,

Please let us respond to facts, not fake news or innuendo. the Federal Government's Medium-Term Expenditure Framework (MTEF) and read it yourself.

President Bola Tinubu is not about to borrow $21 Billion. The MTEF contains the borrowing plan for both the Federal and State Governments for the next three years.

In other words, the $21 billion is what the Federal Government and the 36 states can borrow over the next three years. Not they will borrow. What they can borrow. They are not even likely to take those loans. It is just a framework for what is possible.

For example, while the MTEF provides for extensive borrowings in 2025, only $1.23 billion will be borrowed externally. And that $1.23 billion will be borrowed by both the Federal and state governments from all geopolitical zones.

The MTEF only shows possible borrowing that Nigeria is entitled to based on agreements with our external borrowing partners, which must be in line with both the Fiscal Responsibility Act 2007
and the Debt Management Office. (Establishment) Act 2003.

And the Borrowing Rolling Plan ties such possible borrowings by the Federal and State Governments to specific projects.

For actual borrowings, Nigerians should look at the budgets of both the Federal and State Governments.

Therefore, the sensational headlines proclaiming that President Tinubu is to borrow $21 billion are both fake and alarmist.

Again, I urge Nigerians to read the MTEF and the 2025 Appropriation Act.

President Bola Tinubu is a First-Class Cum Laude ant adept at securing finances at the best rates from the most suitable lenders and for the right purposes.

Under such a skilled professional hand, Nigerians can expect their national debt to reduce, not increase.

Finally, Nigerians should note that many opposition media and influencers know that many of our people sadly do not read and are, therefore, susceptible to manipulation via misinformation and propaganda.

Thus, I urge the public to read as much as possible and from official sources before they make conclusions based on sensational headlines.

Reno Omokri

Gospeller. Deep Thinker. #TableShaker. Ruffler of the Feathers of Obidents. #1 Bestselling author of Facts Versus Fiction: The True Story of the Jonathan Years. Hodophile. Hollywood Magazine Humanitarian of the Year, 2019. Business Insider Influencer of the Year 2022. 21st Most Talked About Person in Africa, 2024.

https://x.com/renoomokri/status/1927646723167371275?t=eXxXw1RXksZfULkdC88zFw&s=19

edigb:
Is Reno now doing the Spoke person's Job for facts and checks

Because he had misfired before in the name of trying to play the good guy

he's trying to set the records straight so the election losers that keep spreading false narrative can rest

Mumu Reno

Always talking from both sides of the mouth

Today he's d saviour
But two years ago he was the devil

Very inconsistent man

OK

Ok

But has been given approval to borrow up to 21 billion dollars, do we know what is in Tinubu's mind?


You give a financial thief access to take loan up 21 billion dollars and then you want to trust him not to exhaust the full limit, well I don't trust him, you can trust him, me I don't

If shamelessness was a human.

It is obvious these clowns are not rating us.. the same set of kleptomaniacs changing party . This one that was abusing tinubu suddenly turn his er. Make una imagine

Suddenly borrowing done get another definition. See as explanation long. If the president and governors decides to take the money a beg won't they return it with interest?
Till Nigerians wake and flush out bad leaders and resist the emergency of vote buying leaders the country will never move forward. Like someone said on one program in kwara fm PEOPLE ARE HUNGRY.

If they can borrow $21 billion , trust me they will borrow. These leaders that are looking for opportunities to ... you know na. It's better we all start shouting at them. Peradventure, they go fear small.

If you don't intend to borrow the money, why do you need senate approval?

Reno is a certified APC e-rat full stop!

This guy, should come to naija...we want to check ✔️ something.

Let see if his sins has been forgotten by APC.

chopnaira:


https://x.com/renoomokri/status/1927646723167371275?t=eXxXw1RXksZfULkdC88zFw&s=19

A very dubious fellow. Someone that was letting all hell loose over Tinubu is suddenly now his praise singer.. Smh. Any where belle face is the answer.

Should we believe Reno Omokri?

He can borrow 30 billion dollars...we don't care,the north is cooking a hot soup for him come 2027 sadly 😔

But he is still borrowing.

Look, boys and girls, a lot of you people will come here to call me taxman, agbero, etc....but the hard truth is, so long as our budget is 80% reliant on monies from oil, we will borrow, and borrow more, and borrow, until we learn how to run our economy and government properly and face hard truths.

The budget for this year was based on the idea that oil prices will remain at least at 75 dollars per barrel. AND EVEN THEN...the government had to borrow 13 bn dollars extra. That is at Jan 1 2025. Since then, oil has fallen, and will keep falling this year. It is now at 60 dollars per barrel and has even been at 59 dollars per barrel. And it is going to keep falling. And here is a scary fact, we need oil to be at 130-39 dollars per barrel before we can say we got enough money...so even with all that, we are broke. AND THE ANNOYING THING...is that stealing is still in progress eg the budget padding happened this year as usual.

(Oh, and for agbadorians, that is why GEJ borrowed. Despite oil prices being high under his government, for the most part they did not 130 dollars per barrel).

But, forgetting corruption, oil prices have fallen far below the benchmark, that if Nigeria does not borrow, the government won;t be able to pay nothing, nada,zilch in salaries, contracts, etc. Which means people would be out of money and out of luck.

That is why, since we got independent, we should have gone industrial...but no. All of you calling for army rule...the times we have had army rule, none of them did the needful and improved industrial development. We have never had a general park type ruler.And we never will because of our oil dependent narrative.

Tinubu should have raised money by raising our tax to gdp ratio, raising income from alternative means, and by actually fighting corruption, and also by encouraging diversification. (I don't want to hear any it takes time to do things). And he should have removed power subsides as well....so that the sector can grow. And he should have started all this on June 1 2023.

Manufactured goods and services. Dutch disease.

Oil is a CURSE.

Reno no need to explain to them they are brainless unreasonable human filled so much with hatred and pain to the extend they can no longer reason independently and proper again..

They couldn't even understand the different between "want to borrow" and "can borrow if necessary" and that is why Tinubu don't even care to answer them.

No matter how hard they stand against anything Tinubu and Nigeria won't stop us from voting for Tinubu again and again and they can't do anything about it.

Giftedhand47:
Always talking from both sides of the mouth

Today he's d saviour
But two years ago he was the devil

Very inconsistent man

when a man does not have a hand work.he can swing to any side there’s food.reno ,ffk and Bwala.U no go reason their matter.hunger no be easy thing.

Reno Omokri’s latest spin to sanitize Tinubu’s $21.5 billion borrowing spree is not just disingenuous, it’s a calculated insult to Nigerians’ collective intelligence. His semantic shell game distracts from one glaring fact: Tinubu is aggressively mortgaging Nigeria’s future, and Omokri is complicit.

1. The $21.5 Billion Myth Debunked

Omokri called it a “ceiling.” False. On May 27, 2025, Tinubu officially requested National Assembly approval for $21.5B, €2.19B, ¥15B, and a €65M grant to fund 2025–2026 projects. This is no hypothetical—it’s legislative fact. Adding N757.9B in local bonds, Nigeria’s debt will spike to ₦183 trillion, according to SERAP. Omokri claiming it’s “just a projection” is pure misdirection.

2. Tinubu’s Debt Addiction

Omokri paints Tinubu as a “First-Class ant.” Laughable. In Nov 2024, Tinubu secured a ₦1.77 trillion loan, then six months later, he’s back for $21.5B more. Campaign promises? Broken. Debt-to-revenue ratio may have dipped, but debt-servicing is still choking the budget. Projects like the Lagos-Calabar Highway are stalled, Nigerians see no tangible output, only rising debt.

3. Omokri: From Critic to Political Errand Boy

This is a man who flip-flopped from PDP defender to APC cheerleader, now acting as Tinubu’s hype man. His selective narrative is a bid for relevance. A self-appointed fiscal “expert,” Reno offers distractions, not facts. He tells Nigerians to read the MTEF—conveniently ignoring that most citizens can’t access or decode these bureaucratic traps.

4. Harsh Economic Reality

Fuel subsidy removed. Naira tanked to ₦1,605/$. Rice at ₦80,000 per bag. Food inflation > 40%. These are not “framework outcomes”, they are lived disasters. Omokri’s utopian vision is disconnected propaganda, while Nigerians starve, businesses close, and public despair deepens.


5. Propaganda & Censorship

Reno accuses critics of “fake news,” echoing Tinubu’s authoritarian tone. Yet it’s this regime banning protest music, harassing journalists, and silencing dissent. Omokri’s fake neutrality is a fig leaf for tyranny.


Tinubu’s $21.5B loan plan is real, reckless, and ruinous. Omokri’s defense is a polished lie wrapped in fiscal buzzwords. Nigerians deserve transparency, not this circus of spin.
Reno Omokri, history won’t your tweets, it will your betrayal.

Factcheck0001:
he's trying to set the records straight so the election losers that keep spreading false narrative can rest

what have the election winners done so far to make nigeria better?

is nigeria better off under the istration of the election winners or is nigeria worse off?

They can borrow, they will borrow, they may borrow. Reno should go and be explaining the difference to his kids at home.

chopnaira:


https://x.com/renoomokri/status/1927646723167371275?t=eXxXw1RXksZfULkdC88zFw&s=19

Unofficial Spokesman, go get a Job

This charlatan is at it again, he wount take a break.