AngelSlay's Posts
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 Jobs/Vacancies › Re: Jobs with accommodation or House �️ hunters by AngelSlay(op): 6:21pm On Jul 31, 2025 |
Room Available – Bode Thomas, Surulere A fashion designer is looking to share her 2-bedroom self-contained apartment in Bode Thomas, Surulere. • Rent: ₦360,000 per year • What’s Available: One room in a 2-bedroom apartment • Setup: • The sitting room is used as her sewing/showroom • She occupies one room • The available room is private • Shared Facilities: • 1 toilet • 1 kitchen Ideal for a working-class lady or business woman +234 907 168 3675 3 Likes |
| Jobs/Vacancies › Re: Operations Manager Needed For Immediate Resumption by AngelSlay: 1:36pm On Jul 31, 2025 |
THE PAY YOU OFFERING IS RIDICULOUSLY LOW AND AS SUCH CANNOT GET ANY COMPETENT PERSON TIILEAD2WIN: 2 Likes |
| Jobs/Vacancies › Re: A Remote Job Is Needed. by AngelSlay: 1:34pm On Jul 31, 2025 |
Sandyrice:What's your skill set? Let me know and have you worked remotely before if yes, share your portfolio. 1 Like |
| Jobs/Vacancies › Re: Are You Unemployed Or Even Underemployed? Please Come In by AngelSlay(op): 1:33pm On Jul 31, 2025 |
House Help Needed – Iyana Ipaja, Lagos Location: Iyana Ipaja, Lagos State Age Range: 20 to 24 years Gender: Female Requirements: Must be neat Must be a proven Christian Must know basic house chores Must already reside in Iyana Ipaja Must speak English and Yoruba Must be able to care for a baby boy Must be friendly, respectful, and relatable Benefits: Salary + Feeding Full health check-up will be conducted To Apply: Send a direct message to +234 706 755 7607 Please go straight to the point. |
| Jobs/Vacancies › Re: Are You Unemployed Or Even Underemployed? Please Come In by AngelSlay(op): 1:33pm On Jul 31, 2025 |
Urgent! 5 Female Ushers Needed Location: Victoria Island (VI), Lagos Dates: August 1st, 2nd, and 3rd Pay: ₦9,000 per day Dress Code: Black gown Black flat shoes Note: Only applicants based on the Island will be selected. To Apply: DM 08175400037 with your details. Please go straight to the point. |
| Family › Re: Must you marry? by AngelSlay: 12:52pm On Jul 31, 2025 |
essentialone1:Must you marry — or do you think happiness and fulfillment can be found outside of marriage too? |
| Crime › Re: My Married Ex Girlfriend by AngelSlay: 12:49pm On Jul 31, 2025 |
She’s not just trying to tempt you—she already is. And the truth is, this situation has nothing to do with confusion; it’s a test of discipline, boundaries, and respect—for yourself and for others. As a woman, this is what’s happening & what she’s doing: 1. Emotional Manipulation: Saying she "misses your something" is vague on purpose—she wants you to read between the lines and emotionally engage. She's trying to stir up old feelings without taking full responsibility for it. 2. Disrespecting Her Marriage: Regardless of whether she claims her husband is "trying," she is stepping out emotionally (and possibly wants to do so physically). That tells you a lot about her character. 3. Playing with Fire: She's married. Reaching out to an ex in this way is reckless and selfish—she’s not thinking about you, her husband, or the consequences. Why She's Doing It: - Boredom or dissatisfaction in her marriage. - Curiosity or nostalgia, especially if you were her best experience. - Validation: She wants to know she can still get your attention, even while married. - Impulsive emotional craving—some people chase old comfort when new life realities hit. You should be careful for the following reasons: 1. You’ll get emotionally entangled, and if caught, it could lead to drama, even violence. 2. It may seem like harmless flirting, but these things spiral—fast. 3. You’d be disrespecting not just her husband, but yourself. You're not a backup plan, a memory, or a secret side dish. If you were in his shoes, would you want someone entertaining your wife like that? What you should do NOW 1. Draw the line: Let her know you’re not that kind of guy, and you don’t want trouble. 2. Block her number: If she continues reaching out, this is your cleanest escape. 3. Respect your peace: Don’t entertain ghosts from the past—especially married ones. 4. Watch your emotions: Don’t confuse old feelings with a new opportunity. It’s not the same—it’s just a trap. You’re not confused. You’re just tempted, and you know it's wrong. She’s trying to blur the lines because she knows the old you might still respond. But it’s on you to show that the new you is smarter, wiser, and values peace over chaos. Delete that number again. This time, don’t just erase it from your phone—erase it from your mind. Sonofgod1990: 4 Likes 4 Shares |
| Jobs/Vacancies › Re: We're Hiring Content Creator (remote – Female Only) by AngelSlay: 10:55am On Jul 31, 2025 |
Kikitafrica:The salary is not commensurate with the JD. Use your personal tools to shoot. No data allowance. 1 Like |
| Travel › Re: Tulotulo Village: A Beautiful Desert And Oasis In Yobe by AngelSlay: 10:49am On Jul 31, 2025 |
Nigeria is blessed with a wide range of beautiful sights: Zuma Rock (Niger State): Often called the "Gateway to Abuja," it stands at 725 meters tall — taller than Aso Rock and even Uluru in Australia. Obudu Mountain Resort (Cross River): Located 1,576 meters above sea level, this temperate mountain area rivals European hill stations. Ikogosi Warm and Cold Springs (Ekiti): A rare natural phenomenon where warm and cold springs meet, side-by-side. Erin Ijesha Waterfalls (Osun State): A 7-step waterfall nestled in the rainforest — a potential eco-tourism magnet. Olumo Rock (Ogun State): A historic monument with caves, tunnels, and a panoramic view of Abeokuta. agbalej:Tourism in Nigeria is not a joke — it’s an untapped goldmine. With the right policies and leadership, it can create millions of jobs, reduce oil dependence, and change how the world sees Nigeria. |
| Crime › Re: "Nigerians’ NINs, BVNs, Photos Still For Sale Online. I Bought 4 With Just ₦560" by AngelSlay: 10:47am On Jul 31, 2025 |
BeginsAtHome:That’s a bit unfair. While Prof. Isa Pantami may not have gotten everything right, he actually played a key role in digitizing many aspects of Nigeria's communications and identity systems. Under his leadership, initiatives like the NIN-SIM linkage, improved broadband penetration, and tech-driven policy reforms were accelerated. Yes, there were flaws in execution and data privacy remains a concern — but let’s not ignore the groundwork he laid for digital transformation. The real issue is continuity, proper oversight, and implementation by the systems that came after him. |
| Crime › Re: "Nigerians’ NINs, BVNs, Photos Still For Sale Online. I Bought 4 With Just ₦560" by AngelSlay: 10:45am On Jul 31, 2025 |
You're absolutely right, and this is a global issue that’s deeper than most people realize. In fact, data breaches and identity theft are some of the fastest-growing cybercrimes in the world. What many people don’t know is that personal data is a hot commodity on the dark web. Emails, passwords, passport numbers, driver’s licenses, full bank credentials — all these can be purchased for as little as a few dollars. Many of the data breaches that feed the dark web aren’t even from poorly secured local websites, but from major international platforms that store massive amounts of user information. Once breached, hackers extract, compile, and resell this information — often to fraudsters across the globe, including Nigeria. Yahoo boys and scammers don’t always “hack” in the traditional sense — many simply buy leaked data from these dark web markets and then use phishing techniques or social engineering to scam their targets. It’s big business, and a lot of these dark web marketplaces are run by Russian and Eastern European cybercrime syndicates, or Asian blackhat groups who are extremely sophisticated. Even with efforts by organizations like the FBI, Interpol, and Europol, every time one dark web marketplace is shut down, five new ones pop up. It’s like trying to kill weeds with scissors — they keep growing back. So yes, as much as tech has helped the world, the downside is that our digital footprints can be exploited. People really need to be cautious about where they enter personal details. Not every website or online form is safe. Sometimes these platforms are fake fronts designed specifically to steal your identity. PulaPower: 1 Like |
| Crime › Re: "Nigerians’ NINs, BVNs, Photos Still For Sale Online. I Bought 4 With Just ₦560" by AngelSlay: 10:41am On Jul 31, 2025 |
PlasmaTV:The Digital Puppet Strings – How the West is Using Social Media to Monitor and Control Nigerians What if I told you that every time you log into Facebook, send a DM on Instagram, or tweet your frustrations on X (formerly Twitter), you're feeding a global surveillance machine carefully crafted not just to monitor—but manipulate? Let’s go deeper… 🎯 The Theory: 1. The “Free App” Trap: Western intelligence agencies, working hand-in-hand with Big Tech, have created social media platforms that appear "free" but actually serve as data harvesting machines. Every post you like, every message you send, every photo you upload is analyzed by advanced AI. They know your interests, your fears, your political leanings—even your likely next move. 2. Digital Colonization via APIs: Through backdoors in app APIs and "agreements" with African governments, these companies have unfettered access to Nigeria’s digital bloodstream. Our national ID databases, SIM registration info, BVNs, and even NINs are slowly being funneled through compromised systems—some “accidentally” hosted on Western servers. Coincidence? Or part of a long game? 3. The Budget Laundering Loop: Here's the kicker—millions of dollars are budgeted for “digital infrastructure,” “data privacy,” and “cybersecurity.” But where does the money go? Into the pockets of elites who sign shady contracts with foreign firms. These firms, in turn, sell the same data they were supposed to protect back to intelligence networks and advertisers. It’s a loop. A digital laundering scheme dressed as progress. 4. The Silent Algorithmic Censorship: Ever notice how certain types of political content disappear faster than others? Or how whistleblowers in Nigeria suddenly get shadow-banned or "violated community guidelines"? That’s not random. It’s programmed suppression. Our dissent is being curated, filtered, and—when necessary—erased. Not always by local actors, but by algorithmic decisions made in California or London. 5. Why Nigeria? Nigeria is Africa’s largest democracy, its largest market, and one of its loudest voices online. If you can influence Nigerian opinion, you can influence Africa’s trajectory. That’s why there’s a quiet race to dominate our minds—digitally. And they’re winning. The Goal? Control the future without firing a single shot. Through your screen. Through your own words. They don’t need to jail you anymore—they just need your data. They don’t need to conquer you—they just need to know what you love, hate, and fear... then they can sell it back to you, weaponized. Stay paranoid. That "targeted ad" might be the least dangerous thing you're seeing. |
| Health › Re: People That Prefer Injection Than Swallowing Drugs by AngelSlay: 10:30am On Jul 31, 2025 |
While it's true that everyone has their own preferences, it's incorrect to generalize that most people prefer injections over oral medication. Preference often depends on context—some people choose injections because they believe it's faster or more effective, especially in emergencies. But for others, especially those with past traumatic experiences (like the repeated injections and lingering chlorine taste you mentioned), pills are far less triggering and easier to manage. Pain—both physical and emotional—can shape our choices more than we realize. So rather than dismissing someone's preference as just "subjective," it’s more accurate to say it’s personal, shaped by experience, trauma, and sometimes survival. Not all preferences are rooted in comfort—some are rooted in coping. xpress: |
| Health › Re: People That Prefer Injection Than Swallowing Drugs by AngelSlay: 8:38am On Jul 31, 2025 |
RollinTNDA:My brother, that’s not just a red flag — that’s a whole ambulance siren. How do you say you’d rather get pierced by 3 injections than swallow 1 small paracetamol? Is it that the pill insulted her ancestors? Let’s break it down: Normal person: “I hate injections o!” Your babe: “Bring 3 needles, I can’t swallow sweet-coated pill.” → Who hurt her?? 😭 Now, does this mean she’s into pain or lowkey BDSM? Not necessarily. But it does suggest: She may have a high pain tolerance (which can be hot or scary, depending on how you look at it) She could be traumatized by pills (some people gag or fear choking) Or… she’s just built different But bros, your fear is valid. If person dey smile as needle dey enter arm, you no go lock your door well? 😭 Final thought: It’s not a red flag unless pain becomes her love language. Until then, it’s just a very interesting preference. 😂 1 Like |
| Romance › Re: Can You Stay In A Relationship For Five Years Without Cheating Sexually? by AngelSlay: 8:37am On Jul 31, 2025 |
cutecommend:Before you ask "Can someone stay faithful for 5 years?"—ask instead: "Why do we assume 5 years of faithfulness is impossible?" People brag about loyalty in friendships, jobs, even sports teams. But when it comes to love and commitment, we suddenly treat self-control like rocket science? Yes, 5 years is a long time. Temptations exist. Life happens. But discipline, values, emotional maturity, and intentionality still exist too. Let’s stop making cheating seem like an inevitable milestone. There are men and women who stayed 5 years faithful—some 10, some 20. It’s not loud, but it’s real. So, rate yourself not just by your urges, but by your principles. Can you stay faithful for 5 years? If your answer is no, ask why? And if your answer is yes, ask what systems or mindset will help you keep that promise? Faithfulness isn't about being perfect—it’s about being committed, even when it’s hard. Your capacity to be loyal might say more about your character than your partner. 6 Likes 2 Shares |
| Jobs/Vacancies › Re: Jobs with accommodation or House �️ hunters by AngelSlay(op): 7:31pm On Jul 30, 2025 |
Shared Room Available – Ajah (Self-Contain BQ) A brand new self-contain BQ is available for a shared room arrangement in Ajah. Total Rent: ₦1.2M Your Share: ₦600,000 Type: Self-contain (BQ) Condition: Brand new (you may need to bring your own furniture and appliances) Landlady: Lives abroad, but her main house is in front of the BQ. If you’re interested in getting a house in Ogwa, there’s someone here who has found a place with a total package of ₦1.2 million (₦900k rent). She’s already ready with her half. If you’re also ready with your own half, I can connect both of you so you can meet and rent the house together. 📲 If interested, please text/call: the number on the first post 3 Likes |
| Jobs/Vacancies › Re: Are You Unemployed Or Even Underemployed? Please Come In by AngelSlay(op): 4:13pm On Jul 27, 2025 |
Happy Sunday 😊 |
| Jobs/Vacancies › Re: Jobs with accommodation or House �️ hunters by AngelSlay(op): 4:10pm On Jul 27, 2025 |
Location: Gbagada, Lagos (Good access to the Island & major parts of Lagos) 💰 Rent: ₦2.2M 💼 Total Package: ₦3.5M (includes agency, caution, legal, etc.) Features: • Spacious 2-bedroom & 3-bedroom flats available • No POP ceiling • Not painted white (you can repaint if you like) • Very big kitchen – perfect if you cook or meal prep a lot • Secure and decent area 💡 Great for 2 or 3 clean, working ladies looking to split rent and stay somewhere functional. Depending on your group, each person may pay from ₦1.1M–₦1.75M for the full package. +234 907 168 3675 2 Likes |
| Family › Re: The Harsh Reality Of African Women In Abusive Marriages by AngelSlay: 12:45pm On Jul 27, 2025 |
Nnamdipapa:Financial independence is undeniably powerful and can offer a woman more options and freedom in marriage, reducing the causes of abusive marriages primarily to finances overlooks deeper psychological, emotional, and social factors that often keep women stuck. 1. Emotional Bonding and Trauma Bonds: Many women, regardless of their financial standing, stay in abusive marriages due to emotional manipulation, fear, low self-esteem, or hope that their partner will change. These trauma bonds can be harder to break than financial dependence. 2. Religious and Cultural Conditioning: For many women, religion and culture shape their sense of duty, shame, and loyalty — making it incredibly difficult to leave, even when they can afford to. In some faith communities, divorce is heavily stigmatized. 3. Children as a Strong Anchor: It's not just about money — some women stay for the children. They fear destabilizing their kids’ lives, losing custody, or exposing them to broken family dynamics. A woman can have a six-figure income and still choose to stay because of her kids. 4. Financial Independence Isn’t Always Freedom: Not all financially independent women leave. Some high-earning women still endure abuse — whether physical, emotional, or psychological — because abuse isn’t always about money, it's about control, fear, shame, and sometimes identity loss. 5. Overemphasizing Career May Backfire: Advising young women to prioritize career over religion or marriage can unintentionally lead to imbalance. A more holistic message might be: pursue purpose, develop emotionally, build spiritual strength, and grow professionally — because success in one area doesn't immunize you from failure in others. 6. Life Isn't Always Linear or Predictable: Holding off on kids to “first get a job or learn a skill” makes sense logically, but life often throws curveballs — infertility, layoffs, illness, burnout. While planning is smart, overplanning based on fear of abuse may breed anxiety and rigidity. In summary, financial empowerment is essential, but it must go hand-in-hand with emotional intelligence, support systems, healthy spirituality, and confidence. A woman with money but no courage, vision, or self-worth may still be stuck — and so the solution must be comprehensive, not just economic. |
| Politics › Re: Nigeria Now Spends Less Than 50% Of Revenue On Debt From 97% by AngelSlay: 12:32pm On Jul 27, 2025 |
lionshare:1. On Foreign Reserves and Transparency While the CBN claims Nigeria’s net reserves are around $23 billion, the figure itself tells only part of the story. Net reserves often include non-liquid assets, currency swaps, and encumbered funds that are not readily available for defending the naira or meeting import obligations. This was precisely the concern raised by JP Morgan in 2022, when it estimated that only $3.7 billion of Nigeria’s reserves were truly liquid. The rest, it said, was tied up in derivatives and FX forwards. The CBN, under Emefiele, never transparently disclosed how much of the reserves were truly usable, and this lack of clarity persists today. Until the CBN publishes audited breakdowns, it is not irrational for analysts and institutions to remain skeptical — especially given Nigeria’s history of opaque reporting. 2. Exchange Rate Stability ≠ Strong Reserves Short-term exchange rate stability can be engineered through temporary capital controls, aggressive interest rates, or even suspension of FX demand (e.g., via import restrictions or FX rationing). A relatively stable naira over a few months doesn’t necessarily reflect robust reserves. Forex backlogs still exist, and access to dollars remains limited in many sectors. Many importers and manufacturers still rely on the parallel market, where rates remain significantly higher than the official window — a clear sign that the market remains under pressure. 3. NGX Performance ≠ Economic Well-being Yes, companies listed on the Nigerian Exchange Group (NGX) are not on the moon, but equities can rally even in a weak economy. Why? Many NGX-listed firms (e.g., Dangote Cement, Seplat, Airtel) earn foreign currency or have pricing power, making them relatively immune to local inflation. The rally since 2023 has been partly driven by institutional repositioning, limited investment alternatives, and a search for real returns amid high inflation — not necessarily broad-based economic growth. While listed companies are important employers and contributors to the economy, over 90% of Nigeria’s labor force is in the informal sector or SMEs, most of which don’t benefit from the NGX boom and are struggling under FX volatility, energy costs, and weak consumer demand. 4. Inflation Moderation Must Be Viewed in Context Yes, headline inflation has started moderating in late 2024. But: Food inflation remains stubbornly high. Real wages have declined. Consumer confidence is still weak. In fact, recent “moderation” is more reflective of base effects than strong economic policy results. 5. Fundamentals Still Need Rebuilding You’re right — fundamentals drive long-term growth. But many of Nigeria’s fundamentals are still under stress: Debt service to revenue ratio remains concerning. Oil production is yet to fully rebound. The power sector and security concerns continue to hamper productivity. The trust deficit between policymakers and citizens/investors is still very real. Progress has been made, there is no room for complacency. Market performance and temporary exchange rate stability must be seen in the broader context of structural challenges. The call is not to discredit the CBN’s figures outright — but to demand transparency, interrogate the numbers, and stay grounded in the lived economic realities of most Nigerians. |
| Politics › Re: Nigeria Now Spends Less Than 50% Of Revenue On Debt From 97% by AngelSlay: 12:28pm On Jul 27, 2025 |
Why Fuel Subsidy Removal in Nigeria Was Considered Necessary 1. Too Expensive to Sustain: Nigeria spent ₦4–6 trillion annually on subsidies, more than education and health combined. This caused budget deficits, borrowing, and underinvestment in infrastructure. 2. Benefited the Rich More: Wealthier Nigerians consumed more fuel and gained more from the subsidy. The poor suffered the most from the resulting inflation and poor public services. Smuggling to neighboring countries worsened the problem. 3. Corruption Was Rampant: Fraud, ghost fuel imports, and fake companies plagued the subsidy system. 4. Global and Local Experts Warned for Years: The IMF, World Bank, and Nigerian economists urged its gradual removal, calling it fiscally irresponsible. 5. Past Attempts Failed: Jonathan (2012) and Buhari (2020) tried and failed to remove it fully. Tinubu removed it abruptly in 2023. Why you and Nigerians Oppose It: - Poor timing (high inflation, unemployment). - No social safety nets or alternatives. - Widespread distrust in how savings will be used. What Should Have Been Done Differently: - Gradual phase-out, - Strong public communication, - Welfare programs (cash transfers, public transport), - Local refinery development, - Transparent use of savings. Subsidy removal makes economic sense, but the way it was done hurt ordinary Nigerians the most — with no cushion to soften the blow. lexy2014:1. Saudi Arabia: Gradually removed subsidies with strong government support and cash transfers to citizens. 2. Iran: Still subsidizes but uses a rationing system and gives cash payments to help the poor. 3. UAE: Fully deregulated fuel prices since 2015 and invested in public transport. 4. Angola: Recently removed subsidies; now introducing cash transfers to reduce the shock. 5. Venezuela: Kept fuel extremely cheap, leading to economic collapse, smuggling, and fuel shortages. 🟩 Nigeria’s Approach (Compared to Others) - Removed subsidy suddenly, with little or no relief programs. - Still importing fuel, making prices very high. - Citizens don’t trust the government to use savings well. - No working refineries, poor public transport, and weak safety nets. Key Lesson: Subsidy removal isn’t bad by itself — but without proper planning, support, and alternatives, it hits citizens hard. Other countries eased the pain with cash transfers, gradual timing, and real reforms. Nigeria skipped that part. |
| Family › Re: Why Are Mothers Like This? by AngelSlay: 12:20pm On Jul 27, 2025 |
 Aifrobeats: |
| Family › Re: Riddle by AngelSlay: 12:20pm On Jul 27, 2025 |
AllBlack:I think 🤔 you should stop taking crack |
| Celebrities › Re: Sometimes I Cook In Enugu And Waybill It To Lagos For My Man – Blessing CEO by AngelSlay: 7:46pm On Jul 24, 2025 |
Blessing CEO's gesture of sending cooked food from Enugu to Lagos may seem romantic, but it's impractical and questionable. The delivery can cost over ₦80,000 — more than some Nigerians earn monthly — and poses serious food safety risks due to long transit times. It also reinforces outdated gender roles, where women go to extreme lengths to prove love. In reality, commitment should be mutual and thoughtful, not measured by dramatic or unsustainable acts. In other news, I think she's lying. 8 Likes |
| Travel › Re: Which Africa Country Is Safe To Relocate To With 7m? by AngelSlay: 7:43pm On Jul 24, 2025 |
zinaunreal:Your South African friends are not exaggerating — crime, especially robbery, is a daily threat for many citizens. While the country has many beautiful opportunities and infrastructure, safety concerns are legitimate and well-documented. Most locals have been victims or know someone who has. That's the hard truth. 1 Like |
| Travel › Re: Which Africa Country Is Safe To Relocate To With 7m? by AngelSlay: 7:41pm On Jul 24, 2025 |
dederocs:That statement is misleading and rooted in stereotypes. While it's true that some Nigerian youths abroad engage in unlawful or unserious activities (just like any nationality), the majority are thriving, hardworking individuals making tangible impacts globally. To judge millions based on the actions of a few is not only unfair but also self-sabotaging. Nigerians abroad are not just thriving—they are raising the country’s image globally. The real issue is not that they left, but why they had to leave in the first place. |
| Politics › Re: Nigeria Now Spends Less Than 50% Of Revenue On Debt From 97% by AngelSlay: 7:35pm On Jul 24, 2025 |
The claim that net reserves grew from $4B to $23B is misleading without a transparent breakdown. Foreign reserves can be boosted through several means — not just exports or productive activity, but also debt, currency swaps, temporary inflows, or asset revaluation. Question: If reserves rose by $19B, where did the surplus FX come from, considering: Crude oil production remains below OPEC quota and below 2020 levels. Foreign Direct Investment (FDI) is still at historic lows. Capital importation declined in recent quarters. Likely source? A combination of Eurobond borrowing, currency swaps (like from Afreximbank or China), and repatriated inflows, many of which have repayment terms — meaning they are not sustainable or organic reserve growth. 2. Businesses on NGX Posting Record Profits doea not equal General Economic Improvement While some listed companies — especially in banking, energy, and FMCG — are posting record profits, this reflects: Currency devaluation windfall (e.g. export or FX-holding companies gain). Price hikes passed to consumers, not volume-driven growth. Monopoly or oligopoly power, where a few firms dominate and can withstand harsh conditions. This does not reflect the broader business climate for: - SMEs, which are closing down due to input cost spikes. - Millions of Nigerians facing food inflation over 30%, rising transport and housing costs, and stagnant wages. So, the NGX performance is skewed and doesn't represent the real economy, especially the informal sector, which contributes over 50% of GDP and employment. lionshare:1. Net Reserves: The rise from $4B to $23B likely includes borrowed funds, currency swaps, or temporary inflows — not just earned revenue. Without full transparency, it’s misleading to claim it's purely economic progress. 2. NGX Profits: Record profits on the stock exchange mostly benefit a few large firms, not the broader economy. Most small businesses and citizens are still struggling with inflation, high costs, and low incomes. 3. Stock Market: In Nigeria, the stock market reflects sentiment and speculation, not the real economy. A rising NGX doesn't mean life is getting better for ordinary people. In short: Big numbers don't equal broad prosperity — context and distribution matter. 3 Likes 1 Share |
| Politics › Re: Nigeria Now Spends Less Than 50% Of Revenue On Debt From 97% by AngelSlay: 7:25pm On Jul 24, 2025 |
Exactly — it's one thing to throw around glossy stats and another to deal with the stark reality on ground. The so-called financial engineering feels more like economic gymnastics, with little to no safety net for the masses. ₦32 trillion in borrowing to fund a ₦55 trillion budget is not only unsustainable, it's reckless — especially when previous borrowing hasn't translated into visible infrastructure or human capital development. Debt servicing is already eating up over 50% of government revenue, and the future generations are being mortgaged with little to show. Fuel subsidy removal, which was meant to free up funds for social services, has instead led to astronomical fuel prices — over ₦700/litre in many areas — with no meaningful public transport system to cushion the impact. Currency devaluation, under the guise of "market reforms," has only led to imported inflation, making essentials like food, medicine, and education unaffordable for millions. The naira has lost over 60% of its value since mid-2023. According to reputable global indices, poverty and inequality in Nigeria are rising, not falling. The World Bank itself recently noted that over 7 million Nigerians fell into poverty in 2024 alone, due to inflation and policy shocks. The bitter truth is this: the masses are being crushed under elite experiments. You can’t praise reforms when they’re built on the backs of those who can’t even afford a bag of rice. Reforms that don't translate into better living conditions are nothing but high-sounding theories. AMINDA: 1 Like |
| Politics › Re: Nigeria Now Spends Less Than 50% Of Revenue On Debt From 97% by AngelSlay: 7:23pm On Jul 24, 2025 |
While it’s commendable to acknowledge progress, it's equally important to remain grounded in facts. Yes, the current administration has had over two years, but the lived reality for many Nigerians hasn't reflected significant improvement. Inflation is still soaring, and the cost of living has become unbearable for the average citizen. Food, fuel, and basic services are out of reach for many. Insecurity remains a major threat in many parts of the country. From banditry to kidnapping, many Nigerians live in fear daily. Youth unemployment is still alarmingly high, and even those who are employed are largely underpaid or underutilized. The so-called "low-hanging fruits" like power reforms, education funding, healthcare access, and public sector efficiency still remain largely untapped or poorly implemented. Kudos should follow impactful and measurable improvements, not just policy announcements or elite-level reforms. Let’s give credit, yes—but also hold leadership accountable to ensure real progress reaches the people who need it the most. AlphaTaikun: 1 Like |
| Politics › Re: Nigeria Now Spends Less Than 50% Of Revenue On Debt From 97% by AngelSlay: 7:21pm On Jul 24, 2025 |
helinues:While Mr. Taiwo Oyedele claims Nigeria's reforms have improved the economy, real-life data shows mixed results: 1. Debt servicing is still high – Nigeria still spends over 70–100% of its revenue servicing debt, not under 50% as claimed. 2. Forex reserves have grown, but largely due to borrowed funds, and the naira still trades around ₦1,400–₦1,500/$, showing instability. 3. Tax-to-GDP improved, but the economy is barely growing, and businesses are shutting down under high tax pressure and poor infrastructure. 4. Fuel subsidy removal was necessary but done without proper support, leading to massive inflation, high transport costs, and worsening poverty. 5. Investor confidence remains low – FDI has dropped, and insecurity and policy inconsistency continue to scare businesses. 6. Comparing Nigeria to Zimbabwe/Venezuela is exaggerated and fear-driven, not based on Nigeria’s actual economic structure. 👉 In short, while some reforms are necessary, they’ve been poorly implemented and have not improved the lives of ordinary Nigerians. 1 Like |
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