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Buhari: Borrowing To Bolster The Budget

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By Bala Ibrahim.

It is not the intention of this article to go into the merits of the mathematic behind the wisdom of borrowing by the Buhari administration to finance the budget, far from that. In fact, the writer is a fatal failure in Maths. The intention is to look at the economic dialectics behind the logic of borrowing, particularly in a weak capitalist economy like Nigeria, where private individuals or businesses own capital goods, and services are based on supply and demand in the general market. In the end, I hope to confuse, sorry convince, the reader on the patriotic purpose of PMB, the best President Nigeria ever had.

As usual, in Nigeria, every year after the presentation of the budget to the National Assembly by the President, the country goes into the gear of all manner of brouhaha, occasioned by the overexcited reaction to the magnitude of the money, or the mission statement therein, where sometimes, the critics permit their preconceived opinion, to play poisonous prejudice on the purpose and overall intention of the budget. Some people permit jaundice to becloud their vision, in such a way that makes them refuse to see the good purpose and direction, or the nice nitty-gritty of the economic mission.

In the past, the period and pattern of such palaver was unpredictably erratic. There was no fix time for the budget uproar. But since 2015, when destiny bestowed Buhari as a reasonable, responsive and responsible President of Nigeria, he rose to the occasion, by changing the timing and pattern of the budget presentation to the National Assembly. Before Buhari, budgets were presented to the National Assembly only when the Government of the day deems fit. There was no constant sequence in the budget cycle.

But with the coming of Buhari, a new feat was achieved, particularly in 2019, when the Ministry of Finance, Budget and National Planning, returned Nigeria to the budget cycle of January-December. It was an unprecedented achievement that has almost been forgotten in the country’s economic space. And kudos must be given to President Muhammadu Buhari.

I listened yesterday, to the concurrence and consistency of chorus, coming from the principal officers of the National Assembly, with regards the changes that have now arrived in the phases of the budget process. They said the country is now back to the days of correct budget preparation, correct budget legislation, correct budget execution, and correct budget accountability. And almost in unison, they gave the credit to President Muhammadu Buhari.

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The general outcry of the critics of the budget is about the frequent borrowing of the Government, especially this particular one, where the Buhari administration said it plans to borrow more in order to finance the N6.258 trillion deficit in the proposed 2022 budget.

In addressing the borrowing issue, the Minister of Finance, Hajiya Zainab Ahmed said it was necessary that the government would continue to borrow to in order to fund developmental and infrastructure projects, as it does not get enough from it’s revenues. Hajiya Ahmed said Nigeria’s revenues could barely accommodate services, even as she emphasized that despite the concerns, the Government’s borrowings are still within acceptable limits.

“If we just depend on the revenues that we get, even though our revenues have increased, the operational expenditure of government, including salaries and other overheads, is barely covered, or swallowed up by the revenue. So, we need to borrow to be able to build these projects that will ensure that we’re able to develop on a sustainable basis. If you look at the total size of the borrowing, it is still within healthy and sustainable limits. As at July 2021, the total borrowing is 23% of GDP. When you compare our borrowing to other countries, we’re the lowest within the region, lowest compared to Egypt, South Africa, Brazil, Mexico, the very lowest, and Angola. Government has been borrowing before this administration and continues to borrow and it is important that we borrow to provide developmental projects in the form of roads, rails, bridges, power and water for sustainable development”-Minister Zainab.

It is an open secret that President Buhari intents on leaving behind a legacy of improved agricultural production, as currently, the agricultural sector contributes 23% of the GDP. Thanks to the President, for stimulating people to venture into large scale fertilizer blending and rice mills businesses. This is in addition to the Government’s rolling out of rail lines, some of which had been started several years ago, but abandoned, only for them to be completed by Buhari, through economically conscious and prudent borrowing.

To buttress the argument of the Buhari administration on borrowing to finance the budget, a chieftain of the All Progressive Congress, Prof Vitalis Orikeze Ajumbe, was not only supportive of the Minister of Finance, Hajiya Zainab Ahmed, but applauded the borrowing drive of the Government to fund capital projects.

Professor Ajumbe, a former Imo State Commissioner for Information and later commissioner for Internally Generated Revenue and Pension Matters, noted that despite the borrowings, Nigeria is not listed amongst the highest borrowers in the world. He argued that borrowings are proper and that all developing and developed countries in the world borrow to fund developmental projects. “Nigeria is not amongst the world’s top most debtor countries. It’s just No.8 in Africa to China with $4.8billion. Every developed and developing country in the World lives on borrowings. Angola, Ethiopia and Kenya are the top three African countries with highest debt profiles of $25 billion, $13.5 billion and $7.9 billion respectively”-Prof. Ajumbe.

In computing the academics of Nigeria’s economics, the general consensus amongst the economists is that, the country is blessed with the ingenuity of a prudence, that propels recession recovery. Nigeria had gone into multiple recessions, but courtesy of the economic sanity of the leadership, the Africa’s largest economy, unexpectedly always exits the recession quickly.

And some of the credit goes to the guts of Buhari, for adopting the template of responsive and responsible borrowing, including that of borrowing to bolster the budget.

Opinion

2027 Election : Kano Speaks, As DSP Barau Promises Victory For Tinubu, Gov Abba

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By Abba Anwar

In Kano politics, definitive statements can only be made by individuals with high caliber, political sophistication, quality skills, strategic positioning, and genuine intentions, who can forecast outcomes. These qualities are visibly evident in the political arithmetic of the Deputy Senate President, His Excellency, Distinguished Senator Barau I Jibrin, CFR, who also doubles as the First Deputy Speaker of the ECOWAS Parliament, asserting his global relevance and influence.

As a show of solidarity and unwavering support for President Bola Ahmed Tinubu, GCFR, and the Governor of Kano State, Abba Kabir Yusuf, ahead 2027 general election, Distinguished Senator said it publicly that, “We are united and focused. Kano… will stand firmly behind President Bola Ahmed Tinubu and Governor Abba Kabir Yusuf. Our structure is intact, and we will work tirelessly to ensure their victories.”

At a stakeholders meeting held at his constituency, Kano North, it was glaring to all, as he mentioned that, “Stakeholders of the All Progressives Congress (APC) in Kano North Senatorial District have reaffirmed their total commitment to delivering overwhelming votes for President Bola Ahmed Tinubu, Governor Abba Kabir Yusuf and the Deputy President of the Senate, Senator Barau I. Jibrin, in the 2027 general elections.”

As stated during the meeting, His Excellency, DSP, appears to be in total support for internal cohesion and mutual understanding between the traditional All Progressives Congress (APC) and Governor Yusuf with his people who recently joined the party. He practically believes that, democracy should first be strengthen within the party structure.

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Hence, the need for tolerance, commitment to party’s survival and development, and above all supporting the state government to reach the promised land.

All indications, from DSP’s recent political engagements in the state, are geared towards politics without bitterness, strong internal structures, promotion of good governance, full blown support for Governor Yusuf and protection of Kano’s interest through the state structures. From state to federal
Bottom to up. And vice versa. In other words, the Distinguished Senator is well positioned to be the flagship of the Governor and the government of Kano State. No two ways about it.

What happened during the event, is a clear indication that, Senator Jibrin is not only a bridge builder between old APC members and the newly recruited ones, into its fold, but a messiah at the same time. To him, all the many years APC members and the newly joined ones, are the same in terms of enjoying political goodies, proper care and management.

He donated 26 cars, 141 motorcycles to 13 Local government Chairmen, Vice Chairmen, Councillors and Secretaries of his Kano North Senatorial District. The donation was witnessed by party leaders, elected officials, and grassroots politicians. Who unanimously put heads together to startle the consolidated unity. While strategizing party survival and continuous dominance as build-up to 2027 elections.

Justifying his donations, he emphasized to the hearing of all that, “Our Chairmen, Vice Chairmen, Councillors, and Secretaries are the engine room of our political structure. Supporting them means strengthening our base. With unity and proper mobilisation, Kano North will deliver landslide votes in 2027.” Assuring same for other two Senatorial Districts, Kano Central and Kano South.

What interests many at the event was when he assured that, “By God’s grace, we will deliver landslide votes for President Tinubu, Governor Abba and all other candidates of our party, APC

Unity, unity and unity, is the slogan of the DSP these days. The slogan was there evidently heard in the past. But in recent time, the slogan becomes more amplified and musically echoed. He always believes that, unity of purpose remains the hardest corridor to electoral victory.

An overwhelming standing ovation filled the air when he appealed all party members, from all sides of the pentagon to crush aside past differences. Urging that, “We need to work collectively, in fact we must work collectively towards a common goal.”

His passion for securing victories for the state and federal governments in 2027 drives him to tirelessly campaign and strengthen support for Governor Yusuf and President Tinubu. He continually promotes, refines, and solidifies this agenda.

Anwar writes from Kano
Sunday, 15th February, 2026

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Opinion

Murtala Ramat Mohammed: Power with a Conscience

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General Murtala Muhammad

 

By Lamara Garba Azare,

There are men who pass through power and there are men who redefine it. Murtala Ramat Mohammed belonged to that rare breed who carried authority lightly and carried conscience heavily. He was a comrade in uniform, a patriot in spirit, a true son of Africa whose love for this nation was not performed for applause but proven through action.

He rose to lead the most populous Black nation on earth, yet power never altered his posture or polluted his character. He remained simple in conduct, measured in speech and humble in lifestyle. He never allowed the office to swallow the man. While others would have embraced sirens and spectacle, he chose restraint. His convoy moved without blaring horns. He obeyed traffic lights like every other citizen. He respected traffic wardens as custodians of public order.

There is that unforgettable moment when a traffic officer, having recognized his car, stopped other motorists to allow him pass. The General was displeased. The warden was punished for denying other road users their right of way, and his driver was sternly warned for attempting to move against traffic. In that simple but powerful incident, he taught a nation that no one is above the law, not even the Head of State. Leadership for him was not exemption from rules but submission to them.

His humility went even deeper. Often, dressed in private attire, he would visit markets quietly, blending into the crowd to ask about the prices of food and daily commodities. He wanted to feel the pulse of ordinary Nigerians. He wanted to understand how families were coping. He believed policies should not be crafted from distant offices alone but from lived realities. That simple habit revealed a leader who listened before he acted and who measured governance by the condition of the common man.

When he assumed power in 1975, he did so without plunging the country into bloodshed. In a continent where coups often left painful scars, his intervention was swift and calculated, aimed at correcting a drift rather than destroying the state. It reflected firmness guided by restraint. He was a soldier, yes, but one who understood that strength without humanity is weakness in disguise.

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In barely six months, he moved with urgency that startled the establishment. Files that once gathered dust began to move. Decisions were taken with clarity. He restructured the civil service in a bold attempt to restore efficiency and discipline. He initiated the process that led to the relocation of the capital to Abuja, a decision born of foresight and national balance. He confronted corruption without apology and made it clear that public office was a trust to be guarded, not an opportunity to be exploited.

His voice on the continental stage was equally resolute. When he declared that Africa has come of age, he was not uttering rhetoric. He was announcing a shift in posture. Nigeria under his watch stood firm in support of liberation movements and insisted on African dignity in global affairs. He believed that this continent deserved respect earned through courage and self confidence.

Then, just as the nation began to feel the rhythm of disciplined governance, tragedy struck on February 13, 1976. Bullets interrupted a vision. A country stood still in shock. Africa mourned one of its brightest sons. He had ruled for only a short season, yet the weight of his impact surpassed the length of his tenure.

Perhaps if he had remained longer, Nigeria would have charted a different course. Perhaps institutions would have grown around principle rather than convenience. Perhaps accountability would have become culture rather than campaign language. We can only imagine. But what cannot be imagined away is the moral clarity he represented.

Today, when citizens speak about abandoned ideals and weakened standards, his memory returns like a measuring rod. When convoys roar past traffic lights with entitlement, his quiet obedience becomes a silent rebuke. When policies lose touch with the marketplace realities of ordinary people, we remember the Head of State who walked into markets in simple clothes to ask the price of garri and rice.

He was not perfect, but he was purposeful. He did not govern to decorate history books. He governed to correct a nation. He detested corruption because he understood the damage it inflicts on the weakest citizens. He valued humility because he knew that power is fleeting but accountability before Almighty Allah is eternal.

Nigeria lost more than a leader. Africa lost a rare gem whose patriotism was sincere and whose heart beat for the dignity of his people. We pray that Allah grants Murtala Ramat Mohammed Aljannatul Firdaus and illuminates his resting place. We pray that his sacrifices count for him in the hereafter. And we pray that Nigeria rediscovers the discipline, courage and sincerity that defined his brief but remarkable stewardship.

Some leaders occupy office. Others transform it. Murtala Ramat Mohammed transformed it. His six months continue to echo across five decades because they were anchored in conviction and service.

Until Nigeria fully embraces integrity in leadership, until Africa truly stands in the maturity he proclaimed, his story will remain both our inspiration and our challenge. His life reminds us that greatness is not measured by duration in power but by depth of impact, not by noise but by noble action, not by privilege but by principle.

He came, he led, and though he left too soon, he still speaks through the standard he set.

Lamara Garba Azare, a veteran journalist writes from Kano

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Opinion

Kwankwaso/US Congress And The Jow Jow With Jungle Justice-Bala Ibrahim

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Head Of Kwankwasiyya Movement and former Governor of Kano,Engineer Rabiu Musa Kwankwaso

 

By Bala Ibrahim.

The ambition of the justice system, as highlighted in the law books I read, is to maintain social order and public safety by enforcing laws, upholding the rule of law, and resolving conflicts fairly. It acts to protect individual rights, provide justice for victims, punish offenders, and rehabilitate criminals to prevent future offenses. I am not a lawyer, but having practiced journalism for decades, I am very conversant with the meaning of the word, fair. Fair hearing, fair trial, fair presumption and fairness in the resolution of conflicts. By my understanding, the best process of resolving conflicts should involve peace or peaceful and mutually satisfactory solutions, through listening to the parties and negotiating with them in order to find a comprise or address the root causes of the problem. Ultimately, and without engaging in emotion, the goal is to reach a solution that satisfies all parties. That way, you arrive at a “win-win” situation, thereby avoiding conflict.

America’s status, as the beacon of human rights, justice and democracy, is being contested, because of its regular prioritisation of interests over values. This deliberate bias of interest is making the meaning of fairness ridiculous. And by extension, putting a question mark on the historically projected position of the United States, as the beacon of justice and fair play. As I write this article, some American lawmakers have introduced a bill to the US Congress, seeking to impose sanctions on the former Governor of Kano state and former Minister of Defence, Sen. Rabiu Kwankwaso, over allegations of violations of religious freedom. To the best of my knowledge, no one made attempt to hear from Kwankwaso. According to the provisions of the bill, Kwankwaso is identified as one of the individuals contributing to systemic religious “persecution of Christians that has persisted” in Nigeria.

Let me start by putting the records straight. I am not a supporter of Kwankwaso. We belong to different political parties and we have differences in ideological beliefs. But our differences not withstanding, I am totally in disagreement with the position of those behind the bill that is seeking to sanction him. It is wrong, very wrong and brazenly in conflict with the meaning of fairness. Even the local and international observers of events that are unfolding in Nigeria, would vehemently disagree with that claim. Kwankwaso can be crucified for some sins, political sins, but to implicate him in religious persecution is not only ridiculous but loudly laughable. Anyone familiar with Kwankwaso, knows that he doesn’t belong to the class of people engaged in religious fanatism. Far from that. It is probably an attempt by the powerful, to give the powerless a bad name, in order to hang him. And that smells like a jow jow with jungle justice, I think.

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It reminds me of that old book, written by George Orwell, called the Animal Farm. The famous line from the book says, “All animals are equal, but some animals are more equal than others.” For some reasons, today, America is acting like a country that is in the script of George Orwell’s Animal Farm. The Animal Farm was written based on the Russian Revolution concept, by showing how those in power can be corrupt and how they can oppress the people they’re supposed to help. In todays world, the “Almighty” America is playing the bully, by hurting or attempting to hurt or frighten, some people or countries, so as to force them to do something that they do not want to do. Nigeria has since fallen into the category of those victims. And now, attempt is being made to unjustly, add the name of Kwankwaso.

It is heartening to hear that his movement, the Kwankwasiyya movement, through the NNPP’s National Publicity Secretary, Ladipo Johnson, had issued a statement, describing the whole thing as a blackmail. “The months before the latest development, Kwankwaso had openly reacted when President Donald Trump re-designated Nigeria as a Country of Particular Concern over alleged religious persecution. Kwankwaso cautioned against what he described as oversimplified characterizations of Nigeria’s internal challenges. Kwankwaso stated that it was important to emphasize that our country is a sovereign nation whose people face different threats from outlaws across the country.”-Johnson.

Indeed America is acting according to the 7 rules in the Animal Farm, which goes thus:
1. Whatever goes upon two legs is an enemy.
2 Whatever goes upon four legs, or has wings, is a friend.
3.No animal shall wear clothes.
4.No animal shall sleep in a bed.
5.No animal shall drink alcohol.
6.No animal shall kill any other animal.
7.All animals are equal, BUT some animals are more equal than others.

I cant talk about MACBAN and the two others, whose names appeared alongside that of Kwankwaso, but despite my political disagreement with him, I can attest to the religious tolerance of Eng. Rabiu Musa Kwankwaso. So, the US Congrees men should put on their thinking caps, and know that the name to put in there, is not Kwankwaso.

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