FG to use eurobond cash, borrow more to fund petrol subsidy, says Zainab Ahmed | TheCable

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The federal government says it will tap €2 billion from an eurobond sale last year to fund petrol subsidy as oil prices continue to rise.

Ahmed said Nigeria would not tap the eurobond market this year.

“Rising oil prices have put us in a very precarious position … because we import refined products … and it means that our subsidy cost is increasing,” she said.The minister said that the government was working with lawmakers to boost revenues and that the rise in oil prices means that borrowings will increase more than planned.This has raised petroleum landing cost, thus widening market price and actual cost per litre.for the government to sell petrol below the international market rate.

 

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ZShamsuna FinMinNigeria We only see this one when it's time to borrow 😭😭😭 Onigbese minister. Omo

ZShamsuna FinMinNigeria She's the Deziani of this administration

ZShamsuna FinMinNigeria We are in a very big problem every year we will be talking of subsidy instead of us to look in world on how to refine locally

ZShamsuna FinMinNigeria Just sell the country

ZShamsuna FinMinNigeria Stupid Policy and wrong step, misplacement of priority and clueless ministers.

ZShamsuna FinMinNigeria Madam can't you fix our refineries!!! Which kind Minister be this!?

ZShamsuna FinMinNigeria Madam, the economy is in shambles, it's time for you to resign.

NaijaFlyingDr ZShamsuna FinMinNigeria Borrow ke, borrow what, for what, why,

ZShamsuna FinMinNigeria Wahala wen no get limit dey.

ZShamsuna FinMinNigeria Haa!!!! Shameless people.

ZShamsuna FinMinNigeria This Minister should have had the courage to look at her boss in the face and discouraged him that this 'economic model' is faulty and unsustainable. Now Nigeria is borrowing to finance consumption, all these in the presence of billions of debts owed Nigeria by oil companies

ZShamsuna FinMinNigeria You guy's don't get tired of borrowing pen!!!

ZShamsuna FinMinNigeria Why is channels TV not drilling this incompetent woman like they did to one Mrs Ngozi Okonjo-Iwela week in, week out.channelstv

ZShamsuna FinMinNigeria You people are big for nothing, lost with ideas

ZShamsuna FinMinNigeria Nigeria is finished 🙌

ZShamsuna FinMinNigeria Hanty Nigeria will soon be blacklisted this borrowing is getting out of hand, I'm not sure why whenever you make an appearance in the news is about more borrowing,the future of the unborn child has been mortgaged by you.

ZShamsuna FinMinNigeria All these borrowing! H!ss ..... why can’t our refineries be revamped Then setting up modular refineries and integrate illegal refineries. Even with increasing oil prices, we can’t but continue to service loans from whatever we would have benefited.

ZShamsuna FinMinNigeria Whichever country that is still pending money out to Nigeria at this period must be deluded.

ZShamsuna FinMinNigeria These rascals....

ZShamsuna FinMinNigeria You don't want the price of petrol to go up but you're against subsidy and against borrowing, can only be madness.

ZShamsuna FinMinNigeria How come the only time that Nigerians know that they have a Finance Minister is when she comes out to announce more borrowing...

ZShamsuna FinMinNigeria

sarnchos ZShamsuna FinMinNigeria The worst idea ever these is our problem to collect bond from people pay them interest just because you want to keep people's luxury life

ZShamsuna FinMinNigeria Sale Nigeria and give everyone their share

ZShamsuna FinMinNigeria The only time we know that we have finance minister is when it's time to borrow

ZShamsuna FinMinNigeria I think its time for PMB to replace this woman with Some one who knows much about the situation and Economy... Always she's thinking of borrowing

ZShamsuna FinMinNigeria This government was crying that oil price was low when they came in, now oil prices is high and yet they’re still crying wolf. Nothing makes sense anymore in this country.

ZShamsuna FinMinNigeria I can see your skull is a very empty one. You don't have full control of our economy! Only you na you! Olodo...

ZShamsuna FinMinNigeria Which will you prefer, the rising cost of oil or the falling prices? Please tell us

ZShamsuna FinMinNigeria Borrow....borrow...borrow.....doesn't make good economic sense. Are there no alternatives to persistent borrowing?

ZShamsuna FinMinNigeria Need New Stream of Income? Watch and learn about Aquaculture Business Follow us on Twitterfarm_enterprise

ZShamsuna FinMinNigeria ZShamsuna, NIZOORIA have become your another Fulani CASH COW where you Fulani JANJAWEED steal and run Fulani INEPTITUDE ECONOMATIC. Borrowing to finance imported fuel when you export crude oil, refine at your private refineries abroad. You can't fool all the people all the time.

ZShamsuna FinMinNigeria Thought they said subsidy is a scam

ZShamsuna FinMinNigeria If Father Christmas like China has stopped lending money to this government, soon, Nigeria will be listed on Amazon for sale.

ZShamsuna FinMinNigeria This woman is a big disaster...

ZShamsuna FinMinNigeria We see you only when borrowing, why?

ZShamsuna FinMinNigeria Can someone help me. Why is it very difficult in fixing 1refinery in Nigeria. No. Not the 5. Just 1.

Sasha03545351 ZShamsuna FinMinNigeria In a sane country, this woman is not qualified to hold akawo money

ZShamsuna FinMinNigeria These guys just make you want to curse. The make the heavenly race harder!!! God punish them sha

ZShamsuna FinMinNigeria She surfaces only when the country seeks to borrow & disappears afterwards.

ZShamsuna FinMinNigeria Borrow borrow minister

ZShamsuna FinMinNigeria That's what you get when you do not put qualified pple in sensitive positions

ZShamsuna FinMinNigeria What’s wrong with these people? Ain’t you bothered about the future of this country? Why putting this yoke of debts on Nigerians? Please give us a break.

ZShamsuna FinMinNigeria A borrower can never be rich

ZShamsuna FinMinNigeria Må tell us u want to borrow den u can looted it again I know 1 day revolution wl happen in ds country and swallow u set of criminal, only Nigeria wl borrowed money to buy a train with no fire extinguisher wht a useless MBuhari admnstn & d nonsense NGRSenate will approve it

ZShamsuna FinMinNigeria The next president might resign after day one. How do you start paying back all these loans?

ZShamsuna FinMinNigeria 👀👀

ZShamsuna FinMinNigeria Borrow this, borrow that. One day, them go borrow Nigerians kidney to fund govt. 😂😂😂

ZShamsuna FinMinNigeria Minister of borrowing and debts....

ZShamsuna FinMinNigeria We accused pdp of making alot of money from selling above 130k. Now the opportunity has come apc. They crying subsidy. How did PDP do it?

ZShamsuna FinMinNigeria This woman should be renamed MADAM BORROW.. chai!!!

ZShamsuna FinMinNigeria Madam don't u av shame all d one u av borrow where is it? are u crazy u are all in Dat MBuhari administration.

ZShamsuna FinMinNigeria The worst Finance minister since 1999.

ZShamsuna FinMinNigeria Congratulations ma, they want to borrow to consume ,this govt is making good progress in terms of betterment of Nigerians ,mad people everywhere.

ZShamsuna FinMinNigeria Borrow borrow government

ZShamsuna FinMinNigeria Minister of borrowing

ZShamsuna FinMinNigeria Someone said,it is when 9ja want to seek for loan then this woman would just surface, they even call her road side economist compare to renowned economist Dr Okonjo Iweala. I think I will support the person observation. This woman was just there!! Quota system minister.

ZShamsuna FinMinNigeria Good for one Nigeria mentality

ZShamsuna FinMinNigeria We are now borrowing for consumption. Lets stagger the subsidy removal by taking out 25% every 6 months. This should prepare businesses to adjust strategically. We cannot just continue to fund this consumption and we must create a shock absorber to cushion the over effects.

ZShamsuna FinMinNigeria Zainab is just an idiotic finance minister, even a layman knows borrowing improves nothing. But almajiri administration must live up to it's name. Mtchewwww!!

ZShamsuna FinMinNigeria Hushmummy

myklazonline ZShamsuna FinMinNigeria Borrow. Borrow. Borrow. Borrow. This is all this woman talks about!

ZShamsuna FinMinNigeria This half baked finance woman , buhari really like low level,all na them them this one and madam school feeding,after now Nigerians go know how far

ZShamsuna FinMinNigeria Please can some explain to me what's 'eurobond'? And also why will the subsidy be of advantage to our country?

ZShamsuna FinMinNigeria When a household borrows for the sake of consumption, it’s the only sign you need to make your conclusions.

ZShamsuna FinMinNigeria But why must we continue to import these products when we have four refineries? Are we serious at all?

ZShamsuna FinMinNigeria DJ play me Finesse

ZShamsuna FinMinNigeria Borrow borrow government OfficialAPCNg

ZShamsuna FinMinNigeria Tell me one good thing this administration has done ? You borrow and borrow until you have nothing to give in return. This country is in worst problem than we can imagine 😞😔

ZShamsuna FinMinNigeria 😳😳🙆🏾‍♂️ Tell me this is a joke ?

ZShamsuna FinMinNigeria Okay Oo buy own b say, what abt others commodities...? Nah only fuel we dey subsidy..? But this borrowing is too much Oo but Buhari get money do giveaway for Afghanistan🇦🇫

ZShamsuna FinMinNigeria Nigeria is in a bigger ocean of problems. When are you paying off this borrowed money 💰. Are you leaving it for our children unborn, since you use borrowed bond to borrow all over the world. 🙆🙆‍♂️🙆‍♀️

ZShamsuna FinMinNigeria When are we going to borrow to fix our refineries

ZShamsuna FinMinNigeria This is why the military strikes when politicians are too corrupt and incompetent to destroy Nigeria. HQNigerianArmy please be patient, we know you can see that our democracy is only working for a few corrupt people.

ZShamsuna FinMinNigeria Ai election is around the corner, wuna go soon go back home rest

ZShamsuna FinMinNigeria Just sell the country ,.....

ZShamsuna FinMinNigeria Failed government. Borrow lo ma payin!! Borrow borrow borrow for our children to pay.

ZShamsuna FinMinNigeria Something is broken in our system. Booming oil prices used to be something positive, now we are going to borrow in USD to fund energy consumption.

ZShamsuna FinMinNigeria If MBuhari ws to be sane by now half of his Cabinet should ve been fired apart frm Ethics issue 80% of MBuhari Northern appointees don’t knw anything about d office occupied look at Zainab Ahmed she knw nothing about her office including AGF dat man knw nothing about law

ZShamsuna FinMinNigeria Something is wrong with us as a people. Booming oils prices used to be something positive, now we are going to borrow in USD to fund energy consumption.

ZShamsuna FinMinNigeria The petrol we see or the one we didn't see This woman is part of our problems cause she mentions billions as if she has it b4 she was appointed What change has she bring in Nigeria 🇳🇬 govt since she assumed office Madness everywhere make una sell Nigeria 🇳🇬 nah

ZShamsuna FinMinNigeria See wahala...borrow to fund subsidy?

NaijaFlyingDr ZShamsuna FinMinNigeria E be like this woman bin dey work for LAPO cus who likes borrowing like this

ZShamsuna FinMinNigeria Borrow Borrow woman. You are not even ashamed of yourself

ZShamsuna FinMinNigeria Disgraceful

ZShamsuna FinMinNigeria By the time buhari finish with this country, everyone inside will just need to include a Chinese name into their father's name

ZShamsuna FinMinNigeria Probe the subsidies paid instead; check the looting of our commonwealth those in the long run are the remedies Nigerians need urgently!

ZShamsuna FinMinNigeria Make Nigeria kuku use you for money ritual to settle our loan problems na.. Indiaraaaa...

ZShamsuna FinMinNigeria *Over 107m barrels missing *Oil surge around the world *Refineries not working *Ministry of Petroleum moribund Yet you come here to talk about borrowing

ZShamsuna FinMinNigeria Cut the cost of governance.

ZShamsuna FinMinNigeria FG to use eurobond cash, borrow more to fund APC campaigns, says Zainab Ahmed | TheCable

ZShamsuna FinMinNigeria Minister of borrow affairs 😀

ZShamsuna FinMinNigeria God will pųnish daft people

ZShamsuna FinMinNigeria For God's sake! Why are we not borrowing to build refineries. I undoubtedly believe that our politicians are inhuman when making decisions that would impact negatively on Nigerians. God help us!

ZShamsuna FinMinNigeria When a good person comes on the scene, make them lockup all these criminals for jail

ZShamsuna FinMinNigeria Minister borrowing affairs, carry on.

ZShamsuna FinMinNigeria The worst finance Minister in the history of Nigeria.All she knows is borrow,borrow!What a shame!!!

ZShamsuna FinMinNigeria Once you see this picture, just know that borrowing is coming up

ZShamsuna FinMinNigeria You her not helping this country at all

ZShamsuna FinMinNigeria Who go pay all this gbese seff😂😂

ZShamsuna FinMinNigeria I don't understand, is it that this woman didn't go to school? Can't she at least consult professionals on how to create wealth, why is she only always in the news when govt is about to borrow? This country is frustrating.

ZShamsuna FinMinNigeria Our minister doesn’t have any ideology to help this country rather than to urge the FG to borrow more fund

ZShamsuna FinMinNigeria Minister of Borrowing! Aunty the debt ia becoming too much for our children yet unborn to pay ma. Quick solution: 1. Lets integrate the Illegal refineries producing fuel in the Niger-Delta. 2. Marshall out a team of engineers and discuss on how to set up modular refineries!

ZShamsuna FinMinNigeria Good move

ZShamsuna FinMinNigeria Dear federal government, please and please,.remove the subsidy so that we can use the money for other meaningful projesct as Nigerian aren't supporting the borrowing. Thanks

ZShamsuna FinMinNigeria Borrow and donate to Afghanistan ²nd phase

ZShamsuna FinMinNigeria Only you people will borrow money because you don't have and still do free will donation to Taliban. Is it not madness?

ZShamsuna FinMinNigeria Haaa😂😂this govt has lost it 💯💯💯

ZShamsuna FinMinNigeria Is there any other course this woman understood well in class during her school days other than: 'The Principles of borrowing in Economics'? 😭😭

ZShamsuna FinMinNigeria This is the only time we know we have a minister for finance. You only see Zainab in the news anytime the buhari's govt wants to go borrowing.This is how bad we have gone as a nation.😭

ZShamsuna FinMinNigeria Wetin dey worry this mbuhari gunment? Everywhere u put ear na BORROW BORROW! Una bambiala Don enter international level! I tire for this corntree and it's gunment oo!

ZShamsuna FinMinNigeria Madam borrow.

ZShamsuna FinMinNigeria The last days! Steady borrowing

ZShamsuna FinMinNigeria Highlights of madness take place in Nigeria

ZShamsuna FinMinNigeria You only see or hear this incompetent cum failure whenever it's time to borrow Nothing again Just borrow and insha allah

ZShamsuna FinMinNigeria DJ mule play me borrowing by Buhari

ZShamsuna FinMinNigeria ZShamsuna y u useless like dis? 😠

ZShamsuna FinMinNigeria Everytime you see this lady we are borrowing. Ahhh

ZShamsuna FinMinNigeria This minister is only active when it comes to borrowing funds but can't think out ways to generate funds. Must we always borrow? What a shame!

ZShamsuna FinMinNigeria When it has been reported that Nigeria would use as much as 97% of her revenue to fund interests in 2022, we still want to borrow more?. Extractive industries are owing Fed trillions of Naira. Save Nigeria O Lord.

ZShamsuna FinMinNigeria The only time we see her face is when they want to push Nigeria into more debt.

ZShamsuna FinMinNigeria Borrow borrow govt

ZShamsuna FinMinNigeria The word USELESS is more USEFUL than this woman, she's very useless!

ZShamsuna FinMinNigeria What about the money made from excess crude oil sales

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