Frostyfluster

Opposition's propaganda machines claim that in 63 years, 16 past Nigerian leaders borrowed ₦46 trillion combined, while President Tinubu borrowed ₦120 trillion in just 3 years and still removed the fuel subsidy. But in reality • The ₦46 trillion figure from late 2022 hid ₦22.7 trillion in Central Bank "Ways and Means" overdrafts that weren't officially put on the books until May 2023. • The previous ₦46 trillion calculations converted foreign debt using an artificial exchange rate of ₦448 = $1, when the street value was over ₦700. • When the exchange rate was unified in June 2023, the exact same dollar debt instantly looked ₦13.4 trillion larger on paper overnight without a single new dollar being borrowed. • In actual dollars, Nigeria's public debt went from $113.4 billion in June 2023 to $120.9 billion by June 2026; an increase of only $7.5 billion, not $100 billion as claimed by opposition leaders. • Removing the fuel subsidy actually increased the monthly FAAC funds shared to states and local governments from ₦656 billion in April 2023 to ₦2.4 trillion by September 2026. Watch the video and get the real facts. 👇