Bluntguy: All this cut and join monetary policy no go help una naira. Just tell Tinubu make him stop the borrowing and see how naira go come resemblance currency again.
What happened to the bragging about stopping borrowing after hitting his higher revenue target from increasing tax burden on people
Was he just telling lies as usual in his balablu propaganda ways?
Guestmale: President Bola Tinubu’s administration has actively cleared significant legacy debts, including finishing repayment of the $3.4 billion IMF Rapid Financing Instrument by May 2025 and approving the cancellation of ₦5.57 trillion in NNPC legacy debts. The government also paid ₦4.5 trillion in Ways and Means advances in 2024.
Key Debt Repayments and Reductions (2023–2026):
IMF Debt: Nigeria cleared its remaining legacy IMF debt, which was $472 million in July 2024 and fully paid by May 2025.
NNPC Debt: A total of ₦5.57 trillion and $1.42 billion in debts owed by the Nigerian National Petroleum Company Limited (NNPC) to the federation account was canceled/cleared.
Ways and Means: The federal government paid off ₦4.5 trillion of the outstanding Ways and Means loans.
Power Sector Debt: Over ₦501 billion was disbursed in January 2026 to settle arrears owed to gas producers and electricity generation companies (GenCos), according to Instagram post by nationalgridng.
External Debt Reduction: Nigeria's external debt decreased from $113.42 billion in 2023 to $94.22 billion by the end of 2024,
Lies and propaganda misinformation are the only things APC progreThieves know how to do.
Nigeria’s public debt hits N149.39 trillion in Q1 2025 – DMO
Nigeria’s total public debt rose to N149.39 trillion as of March 31, 2025, marking a year-on-year increase of N27.72 trillion or 22.8% when compared to the N121.67 trillion recorded in the corresponding period of 2024.
The latest figures from the Debt Management Office (DMO) also indicate a quarter-on-quarter increase of N4.72 trillion or 3.3% from N144.67 trillion as of December 31, 2024.
This consistent upward trajectory in Nigeria’s debt stock reflects both fresh borrowings and the impact of a depreciating exchange rate on external debt obligations. @ @ Domestic debt nears N79 trillion, driven by fresh borrowings
- The domestic component of Nigeria’s debt also maintained an upward trend, reaching N78.76 trillion ($51.26 billion) at the end of March 2025. - This reflects a year-on-year increase of N13.11 trillion or 20% from N65.65 trillion ($49.35 billion) in March 2024. - On a quarterly basis, domestic debt rose by N4.38 trillion or 5.9%, up from N74.38 trillion in December 2024. - The Federal Government alone accounted for N74.89 trillion of this total, while the 36 states and the Federal Capital Territory (FCT) jointly held N3.87 trillion. Interestingly, state-level domestic debt declined slightly from N3.97 trillion in Q4 2024 and from N4.07 trillion in Q1 2024, settling at N3.87 trillion by the end of March 2025.
LordBiden: No Jonathan only inherited a great economy from umaru yar adua
How was the economy good under Yar’Adua compared with Obasanjo
Despite the hike in oil price to $140 in 2009, he failed to make much with it, unlike the deregulation and privatisation era of Obasanjo, which Jonathan revived in his own administration, such that the economy was growing in 2014 and projected to grow even faster in 2015, despite crashing oil prices from 2013.
Pious101: and U think the north has this mindset U wrote up there? They have a born to rule mentality. It's high time d south make them understand they re not masters in politics. Northerners would never say this. Buhari was a chronic failure for 8 years. Who in d north castigated him?
But when it is d south, U see d likes of Amaechi and Co fighting the president? I do not support failure, there are competent individuals who can take on d affairs of the president from d south. If Obi should be d flag bearer today in ADC, I would gladly support him than any northerner. They should wait for their turn, period... It is either any other competent southerner, or it is Tinibu Vrs d north in d forth coming election.
You don't seem to realise how the Jagaban of Borgu is more northern than the Sultan of Sokoto.
The ayederu man is a serial betrayer of not just Yorubas and southerners specifically, he is also a betrayer of the entire country with his 2015 packaging of the Buhari he described as expired four years earlier, to end 16 years of PDP prosperity.
anonimi: My dad, victim of complex conspiracy – Kola Abiola
What role did Bola Tinubu play in all of these?
At the very beginning, he was part of the Yar’Adua PF group from Jos. He was a senator then, and as far as the group went, we related. The crisis started post-election. When Abacha came, one of the things he wanted to do was to be the administrator for Lagos.
That is Tinubu?
Yes. I am sure you have seen pictures of him and my dad. He was hoping that there would be civilian administrators like we had under IBB but Abacha said no, that he was going to have military administrators. So he (Tinubu) said okay, in that case, can I be a deputy administrator? But Abacha said that there wouldn’t be deputies. Then he wanted the post of a commissioner.
He wanted to be a commissioner?
Yes. Then it was a choice between him and someone very close to Jakande who has passed on now. I can’t remember his name, but because Babagana was already in the government, that guy was picked as commissioner. But really, Senator Tinubu had lost out already.
Was Tinubu very close to MKO?
Yes, he was close enough. He and Adeniyi Adele, a very good guy, were close to my father. In fact, Adeniyi was closer to my father and more dedicated to the process than anyone of them. When my documentary comes out, you will see Tinubu’s take on issues. So once he lost out, automatically, he became a NADECO member and Adeniyi was incarcerated.
anonimi: How we foiled Jonathan’s effort to make Mulika Adeola Speaker, Akande reveals
AS president in 2011, Goodluck Jonathan did all he could to ensure South West grabbed the country’s number four seat, including lobbying then opposition leaders from the zone, to no avail. The North West eventually grabbed the seat, supported by South West leaders in opposition to then ruling party, the Peoples Democratic Party (PDP).
Former Governor of Osun State and now statesman, Chief Bisi Akande, made this revelation in his autobiography, “My Participations” which is currently dominating political and national dis- course.
Aminu Tambuwal, now Sokoto State governor, won the seat, against the preferred pick of his party, Mrs Mulikat Adeola Akande, from the South-West. Defunct Action Congress of Nigeria, then a fledging opposition, which had Akande and his soulmate, former Lagos State governor, Senator Bola Tinubu, as front- line leaders, openly asked its elected members of the House of Representatives, mostly from the South-West, to work against their region and back Tambuwal from North-West.
The opposition party’s support carried Tambuwal through the contest against Akande, then ruling party’s favourite for the speakership seat.
In his book, Chief Akande revealed that former president then as incumbent, personally reached out to Tinubu, who is now believed to be nursing presidential aspiration in 2023 and himself, but couldn’t convince them.
He wrote, “President Jonathan, immediately after the meeting (with political parties), called Bola Tinubu aside into a lobby to broach the matter of ACN support for a choice of who would become the Speaker of the House of Representatives.
“That same day, President Jonathan talked to me on phone about the same matter. He disclosed that PDP had zoned the position to the South-West but that only one Muraina and another Mulika won elections on PDP ticket from the zone into the House of Representatives.
jaxxy: This is what atiku should be doing instead he is making himself a vilan to the south.
What happened when he did that in 2023? What was Wike's reaction to that
anonimi: Wike lobbied PDP committee to be Atiku’s running mate – Ex-gov’ship aspirant
Thu, 29 Sep 2022 14:33:04 WAT
Muazu Magaji, a former governorship aspirant of the Peoples Democratic Party in Kano State, has alleged that the Governor of Rivers State, Nyesom Wike, lobbied members of the party’s committee constituted to advise the presidential candidate, Atiku Abubakar, on the choice of his running mate.
Magaji disclosed this while speaking on Channels TV’s Sunrise Daily, on Thursday.
The Kano politician also argued that there was no proof that Atiku promised Wike the vice president position as claimed.
The PDP committee had recommended the Governor of Delta State, Ifeanyi Okowa; Governor of Akwa Ibom State, Udom Emmanuel and Wike.
The committee, however, scored Wike above the other two contenders but Atiku decided to settle for Okowa. A decision that has since unsettled Wike’s camp.
Magaji, however, claimed that Wike lobbied to be scored ahead of others, adding that the Rivers State governor should not be trusted with important positions in the country.
2023: PDP and politics of healing Wike’s self-inflicted injury
Then, the race began in earnest for three years now, reaching a frenzy with the works of the two PDP committees on zoning. The first was the Gov Ifeanyi Ugwuanyi committee on the zoning of the PDP party offices. The Ugwuanyi committee quickly told the world the committee’s assignment did not cover zoning the office of the president. Though this was true, the question is: why didn’t the Ugwuanyi committee zone the PDP chairmanship to the North without aligning it to the divide that would produce the PDP presidential flag-bearer? The second committee headed by Gov Samuel Ortom of Benue state was specifically on the zoning of the presidential ticket and, with the votes of the representatives of all the 17 Southern states without any exception, the Committee unanimously recommended throwing open the PDP presidential ticket, which the PDP NEC simply upheld.
One thing irrefutably stands out – Wike shot himself in the leg. Here was a man who had an overarching influence on both committees but could not insist that the ticket be zoned South. Many had wondered why? The reason is also relatively in plain sight: the Southeast factor. As the clamour for zoning of the presidential ticket of the PDP to South reached its crescendo, many had pointed out the fact that though the PDP Constitution had prescribed zoning of the office of the president to be between North and South since the South-west and South-south had taken their turns in producing the president and the vice in this current dispensation in the persons of Olusegun Obasanjo and Goodluck Jonathan, zoning this time around, should not just be to the South but the Southeast.
Atiku Abubakar went a step further by offering to step down from the race if it would be agreed that the touted zoning to the South would mean micro-zoning to the Southeast. Wike and the rest could not take the Atiku challenge maybe because Atiku would likely back Peter Obi, who was his vice-presidential running mate in 2019 and an ally. The prospects of Peter Obi picking the ticket if PDP zoned South was so real compelling Wike to go for an open contest, believing he could pick it up ahead of Atiku, Tambuwal and Bala Mohammed, given his large war chest.
ddippset: Says a man who hijacked the party and singlehandedly produced the last 4 National Chairmen of the party for his own selfishness.
Says a man who accepted nomination to be running mate to Fulani Atiku. He knew it was injustice to give Atiku the ticket yet he lobbied to be the VP.
He knew the party had to go South for the 2023 election, yet he still put Secondus as National Chaiman just to hijack the party.. Only to push Secondus out because he wanted the ticket 2023.
This man remains the biggest problem of PDP.
He can only deceive and fool his minions, not reasonable people.
tym92: He run o, he doesn't run o that's his own problem...
How fuel money will come down seriously, that is my own problem now. ire o
E je ki a fi okan bale fun akanbi olodo ide, o ma gbe wale as a proper omoluabi who honours his words.
Deltafirstson: Although the pump price of fuel was N197 when President Bola Tinubu took over on May 29, 2023, the product now sells for N617 per litre – less than two months after.
In his inaugural address, Tinubu announced that subsidy was gone, fulfilling a promise that all leading presidential candidates made during the campaign.
Nigerians have been lamenting the hardship occasioned by fuel price hike. Amid the lamentation, a video where Tinubu campaigned to slash the price of fuel went into circulation.
Checks by Daily Trust affirmed the authenticity of the video uploaded on the YouTube page of Channels Television.
At his campaign rally in Abeokuta, Ogun State capital, on January 25, 2023, Tinubu spoke on a number of issues, but those of fuel scarcity and naira redesign made the headlines.
However, Tinubu who spoke in Yoruba language, also assured the crowd that though people were saying petrol price would hit N200, it would be reviewed downward under him.
“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax, we will bring it down,” he had said in the 7th minute of the video.
Austindark: All these explanations are stupid. Should he be borrowing at all? Was that not the reason he removed the subsidy?
Where is the subsidy he removed? Is it what he is using to buy/bribe governors to his political party?
You have hit the nail on the head about city boy's modus operandi that has kept Lagosians in his stranglehold for 27 years of forever increasing tax burden without commensurate improvements in government services and utilities.
"I know of States that have received over 500 billion Naira from the Federal Government as palliative, but I have never received anything.
I think the reason I don't get it is because I'm not in APC.
NaijaRoyalty: …Says Buhari doesn’t have my kind of money
However, Buhari doesn’t have the kind of money I can steal neither does he have the money I can collect. He doesn’t even have the money for Lagos votes. So, whatever I promise, it’s for real and is coming from my pocket. It’s not until I go to Alausa before I get money to give you.”
Addressing APC supporters on the need to deliver votes, Tinubu said handsome cash rewards await those who can deliver votes for the party.
He said he would not make mistakes of the past where people would collect money in advance and not deliver on election day.
Tinubu added, “Those of you that say you come to Bourdillon for mobilisation, it is mobilisation that we are doing here or don’t you understand? Definitely, if you know people in your neighbourhood, our members, how we used to do.
Dennisochampa: Nigerians are not ready for change.... If we are ready... We will stop endorsing all these old politicians who collectively brought this suffering on Nigeria.... Tinubu, atiku, obi, el rufai, ameachi, kwankwanso etc.... They are all one and the same thing as long as we are still trying to choose from that same circle... Nothing will change for the best in Nigeria.... We will only be getting the same devils but in different costumes
How many young Nigerian politicians who are ready for change have you used your time, talent and other resources to make them viable options to old politicians for public service positions in your local, state and federal government legislative and executive branches
rummmy: how many bandicts have you sent to firing squared sir....... crime is crime and should be given severe punishment not giving some criminals a soft landing
Any idea why APC's Tinubu is giving bandits, kidnappers and terrorists a soft landing
26.11.2025 Featured
‘Tactical Ransom or Negotiation?’ Nigerians Question Tinubu, FG as Kebbi, Kwara Terrorists Go Scot-Free
Since the Nigerian government confirmed that the abducted 38 worshippers in Kwara State and the 24 Kebbi schoolgirls had been freed, many Nigerians have been awaiting updates about the arrest or killing of their abductors.
The silence of the federal and state governments on consequences for the perpetrators has led many to believe that the government likely negotiated with the terrorists and paid ransom to have the abductees released.
FIJ called the spokespersons of the Nigerian Army (NA) and the Nigeria Police Force (NPF) on Wednesday morning, but neither provided answers to questions about the abductors.
Shortly after Kebbi Governor Nasir Idris and Bello Matawalle, Minister of Defence, announced on Tuesday that the 24 students had been freed, the terrorists who abducted the girls released a video, saying the government negotiated with them for the girls’ release.
Babangidapikin: If there's no demand there would be no supply, moreover not everyone sold slaves just a few retard ones.
There were enough retard ones to make us blacks the race that sold most of its people to others as slaves.
Why did other races not provide the supply to meet this demand
anonimi: The often cited biography titled Madame Tinubu: Merchant and King-maker, authored by Nigerian historian Oladipo Yemitan, paints her views regarding slave trading.
On one occasion, during her final sojourn in Abeokuta, she was alleged to have sold a young boy into slavery and was accused of it. When arraigned before Ogundipe Alatise over the matter, she reportedly explained: 'I have a large house-hold and I must feed them well. I need money to do that, that's why'.
— Oladipo. Yemitan, 'Madame Tinubu: Merchant and King-maker'
Another section of Yemitan's Tinubu biography, referred to as the Amadie-Ojo Affair, captures a slave trading deal gone sour in 1853 (notably after the 1852 Treaty abolishing slavery in Lagos) wherein Tinubu tells another slave trader (Domingo Martinez) that "she would rather drown the slaves [20 in number] than sell them at a discount".
Japanese slave women were even sold as concubines to Asian lascar and African crew members, along with their European counterparts serving on Portuguese ships trading in Japan, mentioned by Luis Cerqueira, a Portuguese Jesuit, in a 1598 document.
Japanese slaves were brought by the Portuguese to Macau, where some of them not only ended up being enslaved to Portuguese, but as slaves to other slaves, with the Portuguese owning Malay and African slaves, who in turn owned Japanese slaves of their own.
Hideyoshi was so disgusted that his own Japanese people were being sold en masse into slavery on Kyushu, that he wrote a letter to Jesuit Vice-Provincial Gaspar Coelho on 24 July 1587 to demand the Portuguese, Siamese (Thai), and Cambodians stop purchasing and enslaving Japanese and return Japanese slaves who ended up as far as India. Hideyoshi blamed the Portuguese and Jesuits for this slave trade and banned Christian proselytizing as a result.
Enough answer from Tinubu's finance minister who was previously his finance commissioner as Lagos governor
thisweekng: The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.
He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.
He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.
“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.
“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.” Private sector to drive the economy
Emu4life: Make dem pack up. Make everybody use Road.
Abi now, sebi Umahi and Tinubu are building new roads upandan in every corner of Nigeria with subsidy savings.
TimeManager: The Federal Government has revealed that the elimination of the petrol subsidy under President Bola Tinubu has resulted in savings of over $84 billion, which are now being channelled into the construction and rehabilitation of 40 key road projects across the country over the past two years.
This was disclosed in a policy brief released by the National Orientation Agency (NOA), titled “Two Years Later: Key Benefits of Subsidy Removal,” and made available to journalists over the weekend in Abuja.
The report, which reviewed the outcomes of the subsidy removal since May 29, 2023, noted that the policy averted a looming economic crisis.
It also enabled the Tinubu administration to clear long-standing financial liabilities, increase capital investments, and support the financial stability of state governments.
Image123: Is Tinubu responsible for aviation fuel price?
i know you need to blame Tinubu for how your life is, no problem. Even your last term result na Tinubu. Somehow the government must be brought into the conversation, except saint Otti of course. Aviation fuel (Jet A1) prices in Nigeria are primarily determined by independent marketers, the Nigerian National Petroleum Company Limited (NNPC), and international market forces, rather than a fixed government price. Prices are influenced by high import costs, forex volatility, and logistics challenges.
Was Jonathan responsible for fuel price when we had PDP's widespread prosperity with less debt burden and cheap petrol for better life of everyone?
How much do you estimate we are being forced to pay as subsidy to APC balablu leaders, due to massive corruption in their oil sector, for the past 11 years that petrol has been above N70
anonimi: Petrol should never cost more than N70 per litre, says APC
January 19, 2015
The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.
On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.
But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.
It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.
Awa Yorubalokan si fi okan bale pe akanbi ma gbe owo epo wale, as a proper omoluabi who honours his words.
Deltafirstson: Although the pump price of fuel was N197 when President Bola Tinubu took over on May 29, 2023, the product now sells for N617 per litre – less than two months after.
In his inaugural address, Tinubu announced that subsidy was gone, fulfilling a promise that all leading presidential candidates made during the campaign.
Nigerians have been lamenting the hardship occasioned by fuel price hike. Amid the lamentation, a video where Tinubu campaigned to slash the price of fuel went into circulation.
Checks by Daily Trust affirmed the authenticity of the video uploaded on the YouTube page of Channels Television.
At his campaign rally in Abeokuta, Ogun State capital, on January 25, 2023, Tinubu spoke on a number of issues, but those of fuel scarcity and naira redesign made the headlines.
However, Tinubu who spoke in Yoruba language, also assured the crowd that though people were saying petrol price would hit N200, it would be reviewed downward under him.
“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax, we will bring it down,” he had said in the 7th minute of the video.
Dennisochampa: When has Nigeria ever been a country without hardship?
If you were president, how would u have made efforts to revive the economy without the necessary reforms? Just like an average Nigerian, u want good things but u don't want to have to pay for it
When has hardship been as bad as it is since 2015 when Tinubu packaged the Buhari he called expired four years earlier into APC change messiah?
What happened to APC's promises of better change when they tricked us into kicking out PDP deregulation and privatisation politicians who gave us 16 years of widespread prosperity? What happened apart from sharing rice and other palliatives because APC progreThief leaders are clueless about creating the millions of jobs they promised
harunchina: As of today, Nigeria's total public debt is $103.9 billion. It has actually reduced!
However, due to the change in the Naira's value resulting from the flotation of our currency under the Tinubu administration, quantifying our total public debt in Naira gives the false impression that it has risen.
Can you please tell Nigerians the dollar amount of their total public debt on May 29, 2023, versus the dollar amount today, rather than give them Naira figures without context?
Clever by half balablu analysis by Tinubu's Chicago documentary film producer.
The public debt has reduced in dollar value because city boy has failed to restore the value of Naira as he promised, just as his APC predecessor failed in the same area.
Rather than restore the value, both leaders looters of All Promises Cancelled, APC drastically devalued our currency despite removing subsidy TWICE, to save trillions in Naira and billions in dollars.
Tinubu has borrowed more externally and locally despite bragging about no more loans because he hit his higher revenue target in August?
Why is A-looter Propaganda Congress, APC filled with so many wicked liars? Is it just what Bwala said below or there is more to it?
floss: I think Nigerians deserve Tulumbu and Apc because if a full grown man can write these gibberish just because month is about to end so that he can be paid his monthly 30 k naira…
What exactly is the economic situation of dollar before Buhari handed over to Tulumbu ?
Why can’t Tulumbu take back dollar to what he met it ?
I thought he did that already as promised, with the help of $84 billion subsidy savings and Afreximbank SPV loan of $3.3 billion arranged by Elumelu's UBA at a ridiculous rate of 11.85%, among other reform breakthroughs for higher dividend.
If clueless Buhari failed to deliver on a similar promise, surely a Chicago trained accountant and Mobil staff can't fail.
anonimi: World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate
April 23, 2023
The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*
“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.
“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.
Muhammadu Buhari, presidential candidate of the All Progressives Congress (APC), has promised to ensure that the naira would be equal to the dollar in value if voted into office.
NAN reports that Buhari said this on Monday during the south-east presidential rally of the party at Dan Anyiam Stadium, Owerri.
“It is sad that the value of the naira has dropped to more than N230 to one dollar. This does not speak well for the nation’s economy,” he said.
He urged the people to vote for APC, noting that he would ensure that corruption was tackled headlong if elected.
DeepSight: Up to Richtaiwo, Seunmsg, WizardofNG, Image123 and other BATists to defend.
That is very easy for them as they only need to refer to statements by Tinubu and his ministers of how we are back from the brink and everyone is enjoying the fresh air from city boy's reforms
Jagabanfromcali: Very useless woman , she actually took this man from a woman on her death bed , she is soulless and not God fearing and deserves worse
faoogoke: The only portion uncompleted is the Damaturu Maiduguri section. And this is due to Boko Haram activities. The road has since been completed during the Buhari era. I support BAT but this information is false.
What information from balablu Bola is not false
How many things has he ever said that is true? How many promises has he ever fulfilled since his days as governor 27 years ago?
Deltafirstson: Although the pump price of fuel was N197 when President Bola Tinubu took over on May 29, 2023, the product now sells for N617 per litre – less than two months after.
In his inaugural address, Tinubu announced that subsidy was gone, fulfilling a promise that all leading presidential candidates made during the campaign.
Nigerians have been lamenting the hardship occasioned by fuel price hike. Amid the lamentation, a video where Tinubu campaigned to slash the price of fuel went into circulation.
Checks by Daily Trust affirmed the authenticity of the video uploaded on the YouTube page of Channels Television.
At his campaign rally in Abeokuta, Ogun State capital, on January 25, 2023, Tinubu spoke on a number of issues, but those of fuel scarcity and naira redesign made the headlines.
However, Tinubu who spoke in Yoruba language, also assured the crowd that though people were saying petrol price would hit N200, it would be reviewed downward under him.
“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax, we will bring it down,” he had said in the 7th minute of the video.
oyebanji: This is being clever by half. What is the dollar value of the loans for the 2 periods? To put this in context, under Buhari, Naira to USD was averagely N320 while under Tinubu its averagle N1400. At Buharis N75trn and Tinubu's N65trn, loans under Burai is $234bn while same under Tinubu is $46bn.
Firstly, Tinubu also borrowed more in foreign currencies than Buhari, in addition to more local loans even though he bragged that he stopped borrowing last August, which makes him a balablu propagandist liar of the worst kind.
Secondly, why has he failed to achieve his short term target of N300/$1 after almost three years of hitting the ground running and borrowing money to defend the Naira?
ijustdey: Nigeria will pay an interest of 11.85 percent per annum on the $3.3 billion “pre-export finance facility” (PxF) facilitated by the Nigerian National Petroleum Company (NNPC) Ltd and arranged by Afrexim Bank, TheCable can report.
Until now, the fine details of the transaction, which has a five-year tenor, had been withheld by all parties involved.
A similar cocoa-backed $800 million facility arranged for Ghana by its cocoa marketing board attracts an interest of 8 percent per annum.
Bilateral lenders, such as the International Monetary Fund (IMF), would typically charge 1-3 percent with a longer tenor.
In the details seen by TheCable, Nigeria pledged a total of 164.25 million barrels of crude oil — at 90,000 barrels per day — starting from 2024 to repay the loan through Project Gazelle Funding Ltd, an “orphan” special purpose vehicle (SPV) incorporated in Bahamas for the PxF.
Effectively, the NNPC has pledged 38.58 percent of five years’ worth of tax and royalty oil to secure the loan. > > > ‘DOLLAR LIQUIDITY TO STABILISE THE NAIRA’
The national oil company announced in August 2023 that the PxF was to support the federal government “in its ongoing fiscal and monetary policy reforms aimed at stabilizing the exchange rate market”, describing it as “a relief for the naira”.
It called the facility “crude oil repayment” with an upfront cash loan “against proceeds from a limited amount of future crude oil production”.
At the time, the dollar exchanged for an average of N775 in the official market and N885 on the streets.
The rates have now moved to N1,035/$ (official) and N1,230/$ (parallel).
Indeed life goes on, with greater debt to be paid by future generations despite city boy saving $84 billion from subsidy removal and bragging about stopped borrowing due to higher revenue target in August.
That was the same way the balablu man bragged about ending corruption since May 2023.
Reference: And now that oil prices have seen a similar Jonathan era $100 dollar gallop, well above budget benchmarks, there is really nothing more to harangue previous administrationa for.
Everything they were accused off is happening gain and in some cases much worse.
So...what is happening to the infamous EXCESS CRUDE ACCOUNT. Oga President....
In what specific cases is APC and Tinubu doing anything better since 2015 than PDP did for 16 years of widespread prosperity, peace, security and less corruption, built on deregulation and privatisation policies
jiz: Atiku should go and rest Affliction shall not rise again
Why would you prefer APC extreme poverty shege and worsening insecurity from high unemployment due to their clueless palliative sharing progreThief policies
Is this what you describe as affliction- widespread prosperity from deregulation and privatisation policies?
anonimi: How Indorama sustains manufacturers, boosts Nigeria’s FX earnings
Indorama Eleme Petrochemicals Limited (IEPL) has emerged as a major value creator in the Nigerian economy. It is responsible for the survival, growth and sustenance of many manufacturing companies in Nigeria today. A large number of plastic and allied firms depend on the Eleme-based company for petrochemical resins (or polymer resins) which serve as their raw materials.
The petrochemical company is just one of the several subsidiaries of Indorama-Nigeria Group, which also comprises Indorama Eleme Fertilizer & Chemicals Limited (IEFCL), Indorama PET Nigeria Limited, and Indorama Port Operations.
Since Indorama Corporation of Indonesia became core investor in the old Eleme Petrochemicals Company Limited (EPCL) in 2006 through privatisation programme of the Federal Government, the group has become a game changer in the Nigerian economy.
The petrochemical company has solved the major challenge facing a number of manufacturers— poor access to raw materials. Rather than scramble for foreign exchange to import inputs, the company ensures that manufacturers have access to their critical raw materials, enabling them to save costs and improve margins.
The major resins used by plastic and allied companies are polyethylene and polypropylene. Indorama produces about 45 grades of these products for various industries. About 600 of such companies in Nigeria depend on IEPL for their survival. They are estimated to have over 90,000 workers.
dgitrader: After Buharis disasterous 8 years, coupled with his Fulani hegemony and failed agenda, The eyes of indigenous Nigerians are clear now. They know who the real problems of Nigeria are.
Atiku is on a lost course. He should just go back to Dubai and enjoy his riches as usual.
Is there a greater problem of our country than the Jagaban of Borgu who is more Fulani than the Sultan of Sokoto?
The serial betrayer of Yorubas and southerners should be on a lost cause to ojulowo omoluabis and patriotic southerners who are not tribalistic Stockholm syndrome sufferers.
anonimi: My dad, victim of complex conspiracy – Kola Abiola
What role did Bola Tinubu play in all of these?
At the very beginning, he was part of the Yar’Adua PF group from Jos. He was a senator then, and as far as the group went, we related. The crisis started post-election. When Abacha came, one of the things he wanted to do was to be the administrator for Lagos.
That is Tinubu?
Yes. I am sure you have seen pictures of him and my dad. He was hoping that there would be civilian administrators like we had under IBB but Abacha said no, that he was going to have military administrators. So he (Tinubu) said okay, in that case, can I be a deputy administrator? But Abacha said that there wouldn’t be deputies. Then he wanted the post of a commissioner.
He wanted to be a commissioner?
Yes. Then it was a choice between him and someone very close to Jakande who has passed on now. I can’t remember his name, but because Babagana was already in the government, that guy was picked as commissioner. But really, Senator Tinubu had lost out already.
Was Tinubu very close to MKO?
Yes, he was close enough. He and Adeniyi Adele, a very good guy, were close to my father. In fact, Adeniyi was closer to my father and more dedicated to the process than anyone of them. When my documentary comes out, you will see Tinubu’s take on issues. So once he lost out, automatically, he became a NADECO member and Adeniyi was incarcerated.
anonimi: How we foiled Jonathan’s effort to make Mulika Adeola Speaker, Akande reveals
AS president in 2011, Goodluck Jonathan did all he could to ensure South West grabbed the country’s number four seat, including lobbying then opposition leaders from the zone, to no avail. The North West eventually grabbed the seat, supported by South West leaders in opposition to then ruling party, the Peoples Democratic Party (PDP).
Former Governor of Osun State and now statesman, Chief Bisi Akande, made this revelation in his autobiography, “My Participations” which is currently dominating political and national dis- course.
Aminu Tambuwal, now Sokoto State governor, won the seat, against the preferred pick of his party, Mrs Mulikat Adeola Akande, from the South-West. Defunct Action Congress of Nigeria, then a fledging opposition, which had Akande and his soulmate, former Lagos State governor, Senator Bola Tinubu, as front- line leaders, openly asked its elected members of the House of Representatives, mostly from the South-West, to work against their region and back Tambuwal from North-West.
The opposition party’s support carried Tambuwal through the contest against Akande, then ruling party’s favourite for the speakership seat.
In his book, Chief Akande revealed that former president then as incumbent, personally reached out to Tinubu, who is now believed to be nursing presidential aspiration in 2023 and himself, but couldn’t convince them.
He wrote, “President Jonathan, immediately after the meeting (with political parties), called Bola Tinubu aside into a lobby to broach the matter of ACN support for a choice of who would become the Speaker of the House of Representatives.
“That same day, President Jonathan talked to me on phone about the same matter. He disclosed that PDP had zoned the position to the South-West but that only one Muraina and another Mulika won elections on PDP ticket from the zone into the House of Representatives.
Is that because you don't want our country to get back to PDP's 16 years of widespread prosperity that was built on the back of deregulation and privatisation policies, of which Atiku was the brainbox
What is your own personal joy in these 11 years of APC's extreme poverty, palliative sharing shege?
anonimi: Neo-black Problem: Must Blacks Be Ruled by Whites in Order to Prosper?
In short, the neo-black dilemma may be framed as follows: is it better to live under white rule without political dignity but with basic life-sustaining standards for many;
or to live under black rule with illusory political dignity and without basic life- sustaining standards for the majority? @ @ The path forward for Africa lies in cultivating higher and adequate levels of personal and communal agential integrity as well as full personal responsibility and productivity. Not to mention creativity (including epistemic creativity), productive justice (such as merit and freedom), harmony and reconciliation at local and international levels, and a proper domestication of capitalism and other related values and institutions.
Africa must stop wasting her time on dreams of socialism because it is a system of wealth distribution primarily. Whereas, capitalism is a system of wealth creation primarily, and wealth has to be produced before it can be distributed.
TheBizGenius: People on nairaland seem to believe that everything about their lives revolves around the "government". That's sad. That is shrinking the issues you have influence over by focusing on issues of concern, which you have very little control over.
I won't come to lament here if we contribute N1, 000 each, on my street, for a stolen man hole cover and complain that they don't contribute money like that in Sri Lanka. It is just a reality of life in the environment I find myself currently.
Note: It takes deep insanity to outsource one's decisions and choices for joys and pleasures, in totality and perpetuity, to an external person or organization, even the government.
How can a business genius suggest that one should suffer double jeopardy, of paying taxes and having taxes collected on one's behalf by governments to employ well paid workers for the provision of services and utilities, only to resort to self help because they failed?
Business › Re: CBN Bans Foreign Currency Payments For Diaspora Remittances From May 1 by anonimi: 9:12pm On Mar 27
