The Permanent Secretary, Office of Drainage Services and Water Resources in Lagos State, Mahmood Adegbite, has said that people drilling borehole in the Lekki axis of the state is probably drinking ‘’shit water.”
While speaking at a stakeholders meeting in the state recently, Adegbite noted that contaminated boreholes in Lekki pose health risk and added that treatment of waste water would eradicate any form of disease that may arise from it.
He said, “On waste water treatment, I will say that everyone digging borehole within the Lekki axis is probably drinking what I will call ‘shit water.’
dominique: Na when it's time to pay back the loan na there wahala go start.
What of the wahala of increased school fees for every student, out of which only a small fraction can be given NELFUND loans based on its limited budget
Most tertiary institutions in the country have hiked their fees by over 150 %, putting serious strains on the finances of parents and guardians who also have to contend with the poor state of the economy which has reduced purchasing power and savings.
Checks by Vanguard Learning in public universities across the country show that the increment in obligatory fees, which started late last year is continuing, as a new session starts in some schools this January.
Only on January 6, this year, for instance, the Federal University of Technology, Akure, FUTA, Ondo State came out with a proposal to hike fees by over 100%.
delpee: I learnt that the loan is interest free and payable from two years after graduation if she gets a job.
What is the likelihood of getting a job in this APC extreme poverty shege economy of unknown unemployment rate?
Do you think that the Tinubu has destroyed the unemployment rate more than clueless Buhari, which is why he is hiding the statistics for the last 14 months
Nigeria’s ‘Biggest Economic Threat’ Is Unemployment, But Data to Guide Policy Missing for 14 Months
Nigeria’s top economic risk for the 2026 economic year is unemployment but the country has not published any official labour statistics to measure its rate since November 2024, FIJ has found.
On Wednesday, the World Economic Forum’s Global Risks Report identified lack of economic opportunity and unemployment as Nigeria’s leading threat for the 2026 economic year.
The report also identified inadequate public services, economic downturn, inequality, and crime as the next four threats to economic stability in 2026.
Unemployment is serious enough for international observers but the National Bureau of Statistics (NBS) has not released Nigeria’s Labour Force statistics, however controversial, since the second quarter of 2024.
SILENCE SINCE METHODOLOGY REDESIGN
The NBS has been in the crossfire before for publishing Labour Force Data late in 2023 and 2024. In 2024, the bureau attributed the delay to an overhaul of its survey methodology.
At the time, NBS said it wanted to align Nigeria’s labour statistics with international best practices and ensure data quality and sustainability.
But the resulting data caused chaos. According to the NFLS published at that time (q1, 2024), only about 4.3% of Nigerians were unemployed. The data introduced new types of labour categorisation in the report.
Per the new method, anyone who works even minimal hours in a week is considered “employed”. The reliability of official figures was questioned by labour unions, business groups and even economists.
The Nigerian Labour Congress (NLC), for instance, described the reported employment statistics as unrealistic. Chris Onyeka, the NLC’s National Assistant General Secretary, called the report a “voodoo document” and a “fabrication designed to mislead the public”.
Similarly, Gabriel Idahosa, President of the Lagos Chamber of Commerce and Industry (LCCI), said, “The technical improvement in the employment rate is more of a way that employment is now calculated; but the reality is that the economy is not looking like an economy where unemployment is significantly reducing.”
Since then, the NBS has not made any attempt to publish labour data.
HydraFeeds: So the dead PDP is what you see as a thing of pride ?
I see why they say birds of a feather fly together!
How does that change the fact that PDP gave us 16 years of prosperity before APC wrecked it all with their clueless palliative sharing progreThief policies
Are you allergic to history? Why do you see your blissful ignorance as a thing of pride?
Another laughable point you made is privatisation which is one of the most corrupt deals of the Nigerian government that Atiku himself is still in court till today because of the SPV
Have you heard of the prosperous Indorama petrochemicals company, which was the privatised division of NNPC?
Where did you hear that he has ever been in court because of SPV?
If anyone should rot in jail for SPV, it’s Tinubu for his $3.3 billion Afreximbank loan to defend the Naira with future oil revenues in an SPV. Do you know why the loan has not helped him get to his N300/$1 short term goal since May 2023
....the same Atiku that embezzled electricity funds that he redirected to his Mikano business .
Atiku doesn’t own Mikano. Stop being a tool in the hands of propagandist liars.
Cmanforall: It seems Wizkid no dey humble to insults and attacks
You throw stone on him, he’d bring AK 47
Is that not how his Asiwaju fought for and grabbed power before running with it aimlessly and cluelessly, to the point where we are wondering if Buhari is a smart guy after all.
AlphaTaikun: NO Fula should even be elected into any top political positions for years to come based on how they mismanaged Nigeria and oversaw the foreign Fula militia bandits who relentlessly eliminated people from Hausaland and other parts of Nigeria.
The majority Hausas have vowed in videos online NOT to elect any Fula because no single Hausa man or woman has been elected as a President since 1960. Several Hausa States of the North West are actually being governed by the minority Fula Governors.
Kwankwaso is a Fula (his father was the Sarkin Fulani of Kwankwaso village in Kano), Ganduje, El-Rufai, Datti Baba-Ahmed and Hakeem Baba-Ahmed are Fulas from Mauritania, Atiku Abubakar and many more have positioned themselves in ADC as a decoy to get back to power and continue with the Fula political hegemony.
Was Buhari not a Fulani when Tinubu made him president to destroy the good work of PDP?
Was Tambuwal not a Fulani when the ayederu man threw a Yoruba woman under the cow 🐄 instead of letting PDP make her HoR Speaker
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.
HydraFeeds: Emotional blackmail , so they're unquestionable despite both having subpar and corrupt records ?
What subpar record does Atiku have, being the brainbox of PDP’s 16 years of widespread prosperity, built on deregulation and privatisation policies?
How can Atiku be more corrupt than the Lagos TAX monster planner, who raised budget and IGR 100 times in 27 years to make the state a smelly, detty, disgraceful, waterless shithole
mattb1: And those who insult Nigeria by calling a disgrace country are patriot and lovers of Nigeria.
Those ones are definitely more patriotic and greater lovers of our country than the balablu propagandist who packaged his expired Buhari as APC change messiah, to end 16 years of PDP prosperity from deregulation and privatisation policies.
Prospect of a possible alliance between the Action Congress of Nigeria, ACN and Congress for Progressive Change, CPC, was dashed yesterday in Kano as the leader of the party and former governor of Lagos State, Asiwaju Ahmed Bola Tinubu described CPC as parading “expired leadership.”
Tinubu told ACN supporters in Kano during the party’s Presidential rally that: “What Nigerians need now is a transformation in leadership” as obtained in the advanced economy.
The two-term Governor of Lagos State explained that the leadership of ACN was offering Nigeria the brilliance of Nuhu Ribadu who, he said, is in the class of Nicolas Sarkozi of France, David Cameron of Britain, Medvedev of Russia and Barack Obama of the United States of America.
“What has CPC got to offer? We certainly don’t need expired leadership as we are offering the best in terms of brilliance, courage and patriotism in the class of Sarkozi of France, David Cameron of Britain and Barack Obama of the USA.”
Tinubu’s position came on the heels of Ribadu’s declaration penultimate week in Kaduna when he hinted during a political rally of a joint ticket between the two opposition parties to confront the dominance of the Peoples Democratic Party, PDP.
The national leader of ACN criticised President Goodluck Jonathan for shying away from the national debate held last Friday, stressing that”that singular act exposed Jonathan as a coward who has nothing to offer.”
grandstar: I would have preferred at least a 20-25% year on year increase.
It is that type of sustained increase that transforms economies in a generation.
South Korea enjoyed a 40% year on year increase from 1962-1972.
Was that the period that South Koreans applauded governors and FCT ministers who failed to provide free education for all children, in schools with adequate number of well paid teachers
anonimi: Ratio of public to private schools in Lagos State is one to 22 ― Commissioner September 4, 2022
The Lagos State government has said the ratio of public to private schools at both primary and secondary school levels in the state is one to 22.
The state’s Commissioner for Education, Mrs Folasade Adefisayo, gave the revelation in her remark at the 2022 edition of the Total School Support Seminar Exhibition (TOSSE) held at Oregun in Ikeja between Thursday and Friday.
anonimi: FCT Teacher’s Strike: The unfolding crisis that has kept Abuja’s children out of school for months
The industrial action is the third in a series since late 2024.
ByQosim SuleimanandZainab Adewale July 2, 2025 Reading Time: 4 mins read For over three months, public primary school pupils in the Federal Capital Territory (FCT) have been out of the classroom due to a teachers’ strike.
The industrial action has seen multiple suspensions and resumptions and is the third since late 2024.
Lithiumite: Go school you not gree go,go learn economics.....people like you who don't even understand how an economy runs,has not even ran a 2 by 2 shop profitably wants to impress on us to vote someone that receives advise from mad men or washes toilets or serves rice at parties.
Is Eleyi also a balablu toilet washer who receives advise from madmen hence why he is clueless bout how an economy runs
Do you think this is why your Tinubu made him finance minister after working with him in Lagos as finance commissioner, when they raised IGR and budget but failed to employ well paid workers for the provision of commensurate basic services and utilities?
Nemere2020: 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.”
When will Tinubu deliver the positive change APC promised us 11 years ago, when he made his expired Buhari president, so that our economy's brilliance can be returned to the top of Africa?
Why did we allow Tinubu confuse us to swap PDP prosperity of deregulation and privatisation for APC extreme poverty shege in 2015
Nemere2020: 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.”
press9jatv: Adeleke should be preparing his handover notes, he's a goner
Adeleke as the people's governor is solid as a rock in August.
APC propaganda lies and distortions have failed and will continue failing in their labour in vain attempt to return the state back to the dark days of suffering and pains characterised by owing salaries and pensions to workers.
press9jatv: Ajilesoro’s comment came following a statement by the spokesperson to the governor, Olawale Rasheed, that all the sixteen palace chiefs of the Ooni of Ife have endorsed Adeleke for a second term.
Rasheed had, in the statement, said the chiefs paid a courtesy visit to Governor Adeleke at the Government house and commended him for the remarkable developmental strides recorded under his administration.
The statement said the chiefs who were led by the Obalufe of Ife, Oba Idowu Adediwura applauded Governor Adeleke for his people-centred leadership and visible achievements across the state.
Rasheed said Obalufe “stated that the people of Ile-Ife are proud of the governor’s accomplishments in the last three years and have collectively resolved to throw their full weight behind him by endorsing him for second term.”
However, Ajilesoro, while speaking at the Palace of Obalufe in a video obtained by osun.life, said the chiefs do not endorse Adeleke.
In short, the Rep went to put pressure on the Obalufe to reverse himself on what he said at the governor's office.
The Rep is clearly on his own as Osun people won't allow Oyetola's return through his proxy, that served as finance commissioner when they were looting Osun money instead of paying owed salaries and pensions to workers and pensioners.
Christmyhope: Diversification is a gradual and phenomenal process embark upon by dis government and I think Tinubu's government should be commended for dis audacious move.
Audacious move that relies on PDP deregulation and privatisation efforts that unleashed productive capacities across sectors
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.
If this is not another balablu propaganda Tinubu lie, then why is he borrowing more than PDP presidents who gave us widespread prosperity with high employment for 16 years?
PDP prosperity based on deregulation and privatisation policies.
For no one is clean he who have no hidden sin let him throw the first stone
Why should those who offer themselves to SERVE the public in positions that are greatly rewarded in various ways, be held to the same standard as the sovereign people who temporarily allow them into public office
Matthew 18:6
But whoso shall offend one of these little ones which believe in me, it were better for him that a millstone were hanged about his neck, and that he were drowned in the depth of the sea.
SpaceX: Rest in peace but same ribadu failed to protect Christians being killed every single day instead he prefer to tell lies to anyone that cares to listen.
Is there anyone in A-looter Propaganda Congress, APC that is not a satanic liar waiting for his demonic reward
Racoon: National Security adviser, Nuhu Ribadu, has said that Nigeria has recorded over 90 percent improvement in terms insecurity under President Bola Tinubu administration.
Mr Ribadu stated this in Jos, Plateau State while briefing the press shortly after a meeting with the Commander of Operation Safe Haven, Major General Folusho Oyinlola at his office, following a gunmen attack on Bokkos community that left hundreds of residents killed.
According to him, President Tinubu administration will not relent in its efforts at ensuring peace and security in the country.
“In the last 1-year-ten-months, violent deaths have been reduced probably by over 90 percent in our country. We have the statistics, in 2022 and 2023 those who lost their lives as a result of extreme violence in the country has reduced,” Mr Ribadu disclosed.
givedemwotowoto: Tinubu is a weapon fashioned against Nigerians.
Over 90% of Nigerians have lost their life savings to extreme hardship, inflation, and insecurity – since Tinubu took office.
He failed to do his job of dealing with insecurity and protecting Nigerians, and when pressured, invited Trump to launch airstrikes on the North.
Vote him out of office in 2027, don't repeat the mistake of 2023.
You are very correct sir.
He has always been a weapon of extreme poverty shege fashioned against Lagosians since 1999, before he was allowed to replace his expired Buhari in Aso Rock three years ago, for continuity of APC clueless mismanagement of our country.
Why and how did he succeed to hold us captive all this long
Is it just our divisive tribalism? Or there is something else?
anonimi: The eyesore on Bourdillon Road 2nd January 2025
Beyond his neighbours, there is something about the sight of people hanging around a president’s residence that does not speak well of his leadership capabilities. Maybe no one has nudged him to see it, but the impression that spectacle on Bourdillon Road generates is that Tinubu enjoys the sight of suffering humans and thrives in—and through— their poverty.
If all these years, impoverished people hang around you and you remain comfortable enough to keep them just so they can be handed tokens of your large heart, then it means you have a pro-poverty mindset. Such a frame of mind is oriented toward cultivating poverty rather than stimulating abundance.
That is why he could unproblematically relate the story of his “friend” who went from using five Rolls Royce to a far-less valued car and not consider the import of the nonsense he was saying. That spurious account was an indication that this is a man for whom poverty—of others, not himself—is an ideal.
What tribe does the ayederu leader looter belong to?
Do you think that he is Fulani
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.
Yes, we have a president who is always in France, prepping for 2027 and 3rd term agenda to be life president as Cameroon's Biya.
Why do you think he is increasing TAX burden on Nigerians and bribing politicians to join Oshiomole's Assembly of Past Criminals, APC
Tinubu is set to succeed where Obasanjo failed with his own 3rd term agenda despite Ghana must go bags of bribe to NASS members, thanks to Atiku's leadership of democratic forces back then in 2007.
Maxymilliano: The presidential candidate of the All Progressives Congress (APC) Asiwaju Bola Ahmed Tinubu has explained why he delegated some members of the party to respond to questions posed to him. According to the former Lagos Governor, he adopted the delegation method “to show team-ship”.
Tinubu spoke at the Chatham House lecture titled: ‘Nigeria’s 2023 elections: In conversation with Bola Ahmed Tinubu’, monitored by The Nation.
At the lecture, Tinubu after his opening remarks, assigned Kaduna Governor Nasir El-Rufai to speak on how his (Tinubu-led) government would address insecurity and asked the Director of Strategic Communication of the All Progressives Congress (APC) Presidential Campaign Council, Dele Aleke, to respond to the question on oil theft.
This is REAL growth, not fuel subsidy-dependent, and with no dual exchange rates driving away investors.
This is very different.
Tinubu has already told Nigerians on New Years Day: EXPECT PROSPERITY FROM THIS YEAR.
Tinubu is not a kid. When he talks, listen.
How is the Lagos TAX monster planner not a kid when he said similar things for 27 years of increasing tax BURDEN on Lagosians without matching provision of services and utilities?
Can you compare his 27 years in Lagos with the 4 years of Jakande who was jailed by Buhari for corruption 42 years ago after his only successful coup against democratic institutions at the local, state and federal levels
Splashme: The first civilian governor of Lagos State, Alhaji Lateef Jakande, on Tuesday, said that the cancellation of the Lagos metroline project in 1985 was a major mistake and disservice to many Nigerians.
Jakande spoke in Lagos during the launch of a book which chronicled his life in politics and journalism.
The book, entitled, ‘Jakande: Leadership in Action’ is written by Dr. Bola Olaosebikan, who told the audience at the event that the All Progressives Congress presidential candidate, Maj. Gen. Muhammadu Buhari (retd.), was not responsible for the cancellation of the project.
Jakande said, “Reflecting on the metroline project, I think it is a major disservice to many Nigerians. Imagine how many people would have benefitted. It would have made life easier and changed the face of transport in Lagos. Whoever cancelled it or gave the advice towards its cancellation didn’t do right.”
The former governor asked Nigerians not to vote for unserious leaders in the coming polls, saying the elections presented Nigerians with a good opportunity that should not be squandered.
Expressing the hope that Nigeria would soon overcome its developmental challenges, Jakande said hope would be actualised faster if credible people emerged as leaders in the next dispensation.
He said, “This book comes at a very auspicious time in Nigeria’s history as we need leaders who can act. We need leaders who would not compromise the standards of good governance. God has blessed this nation the most in Africa, although we have not reached where we should be; with the right leaders, Nigeria would overcome its challenges.”
eluquenson: REVISITING SOME OF THE LATEEF JAKANDE'S GOVERNMENT ACHIEVEMENTS FROM OCTOBER 1979 TO DECEMBER 1983 (FOUR YEARS AND 3 MONTHS) IN LAGOS STATE
* His government built the current Lagos State Secretariat which houses all the state ministries as well as the popular round house hitherto occupied by all subsequent governors of the state.
* His government built the Lagos State House of Assembly complex.
* His government built the Lagos State Television
* His government built the Lagos Radio
* His government built Lagos State University
* His government established General Hospital in zones all over the state with assurance of free health care.
* His government established Teacher Training College and the College of Education.
* His government built low cost houses in Ijaiye, Dolphin, Oke-Afa, Ije, Abesan, Iponri, Ipaja, Abule Nla, Epe, Amuwo-Odofin, Anikantamo, Surulere, Iba, Ikorodu, Badagry, Isheri/Olowu, Orisigun etc.
* His government established the Water Management Board and Waste Disposal Board on the 18th of August, 1980.
* His government constructed the Adiyan Water Works to increase water supply in the state to 18.16 million litres per day.
* His government modernized and expanded the Iju Water Works which was first commissioned in 1915. This increased daily capacity from 159 million to 204 million litres per day.
* His government purchased and commissioned the giant car crusher equipment. The equipment was designed specifically to crush derelict vehicles in Lagos State. It had the capacity to crush 45 vehicles per day.
* His government constructed, rehabilitated and resurfaced Epe/Ijebu-Ode Road, Oba Akran Avenue, Toyin Street, Town Planning Way, Alimosho-Idimu-Egbe Road, Idimu-Iba-LASU Road, the new secretariat road and several others.
* His government constructed Victoria Island/Epe Road and thereby creating an ‘oil rig’ for Lagos State.
* His government established Asphalt Plant for the Department of Public Works.
* His government established Electricity Board for Rural Electrification with provision of street lights.
* His government modernized, expanded and commissioned Onikan Stadium in 1982.
* His government established a singular school system and ensured genuine free education in Lagos State and the beneficiaries of this policy are in different positions of eminence in the country and around the world.
* His government raised the primary schools in Lagos State to 812 with 533,001 pupils (against 605 primary schools with 434,545 pupils he met in 1979) and secondary schools to 223 with 167,629 students (against 105 schools with 107,835 students in 1979).
* His government constructed 11, 729 classrooms with the maximum of 40 children per class between March and August 1980, by 1983, he had constructed over 22,000 classrooms.
* In July 1983, two commercial passenger boats christened "Baba Kekere and Itafaji" to run the Mile 2 - Marina (CMS) route via the lagoons were inaugurated by his government to mark the official launch of the Lagos State ferry services.
* His government took over the ownership and financing of Lagos State Printing Corporation in July 1980
* His government established the first State Traffic Management Authority (Road Marshals).
* His government established small scale Industries Credit Scheme which preceded the EKO bank.
*His government established LASACO Insurance.
*His government expanded existing market and built new ones.
*His government established Traditional Medicine Board.
WHO SAYS 4 YEARS IN OFFICE IS NOT ENOUGH FOR MEANINGFUL ACHIEVEMENTS?
IT'S A FACT THAT 90% OF GOVERNORS IN NIGERIA SINCE 1999 WITH REVENUES AT THEIR DISPOSAL CANNOT BOAST OF A QUARTER OF THESE ACHIEVEMENTS EVEN WITHIN THEIR EIGHT YEARS IN OFFICE.
Make e Sha no be buhari people wey dey use money look for cattle route
How will the next president enjoy the balooning debt, which have failed to impact the economy despite fake anoouncements like this one
What happened to the $84 billion subsidy savings, reduced imports and increased exports with news of trade surplus if we are not at N300/$1 in the short term since May 2023?
Any idea what Tinubu has done with the $3.3 billion SPV Afreximbank secured with future oil revenues?
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.
Nigeria pledges over $12 billion worth of oil At the beginning of 2024, a barrel of Nigerian oil was sold at the international market at $77.93 per barrel, according to the Central Bank of Nigeria (CBN) data.
At $77.93 per barrel, the 164.25 million barrels of oil pledged by Nigeria equals $12.8 billion — about three times more than the facility taken.
Pre-2014, the national oil company used to remit an average of $3 billion from oil sales every month.
Officially, Project Gazelle Funding Ltd (PGFL) is the borrower while the NNPC is the “sponsor” and will pay with oil to the SPV to liquidate the loan.
To make the repayment, the NNPC will forward-sell 90,000 barrels per day of Nigeria’s share of offshore crude oil under the production sharing contract (PSCs) with the oil companies.
Under PSCs, the companies usually pay royalties and taxes by giving the oil equivalent to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Federal Inland Revenue Service (FIRS) respectively.
The NNPC in turn exports the oil on behalf of NUPRC and FIRS and remits the proceeds to the agencies.
This is part of the revenues paid into the federation account and shared by the three tiers of government.
But under the PxF, the revenue from 90,000 barrels per day will be used to service the loan in the next five years.
The loan arrangers will get a commission of $66 million or 2% of the facility, TheCable further learnt.
Nigeria will pay 2 percent penalty per annum in the event of a default.
‘DOLLAR LIQUIDITY TO STABILISE THE NAIRA’
The national oil company announced in August 2023 that the PxF was to support the federal government “in its ongoing fiscal and monetary policy reforms aimed at stabilizing the exchange rate market”, describing it as “a relief for the naira”.
It called the facility “crude oil repayment” with an upfront cash loan “against proceeds from a limited amount of future crude oil production”.
At the time, the dollar exchanged for an average of N775 in the official market and N885 on the streets.
The rates have now moved to N1,035/$ (official) and N1,230/$ (parallel).
Nigeria’s outstanding forex liabilities are currently thought to be over $7 billion.
In an explainer after announcing the PxF last year, the NNPC said its exposure is very limited, “covering just a fraction” of their entitlements and that “there are no sovereign guarantees tied to it”.
It said it “will also equip the Federal Government with the necessary dollar liquidity to stabilize the Naira, with limited risk”.
A strengthened naira as a result of the initiative, it said, “will lead to a reduction in fuel costs. This means that if the Naira appreciates in value, the cost of fuel will drop and further increases will be halted”.
It also ruled out subsidies, maintaining that a stronger naira “will result in lower prices from the current level, making subsidies unnecessary. The deregulation policy remains unchanged”.
Critics questioned NNPC’s involvement in getting loans to boost forex reserves when it should be concentrating its efforts on bringing in more oil revenues.
There were also questions over the decision to pledge the tax and royalty oil belonging to the entire federation to secure the loan.
Analysts also queried why the details of the deal were never made public.
MCentral: You dont really need to patronize the black market any more. Most transactions can be done through your bank. Just fund your naira account and make your purchase in naira and the bank will convert near the official or NAFEM rate. Basically the Naira has become a convertible currency once again after the dark days of Emefiele when all the banks stopped the use of Naira cards for foreign or dollar purchases.
Now you can do as much as the naira equivalent of $10,000 a month or more, depending on your bank
When is the short term of Tinubu, to achieve his N300/$1 goal, before getting to N200/$1 by May 2027
Any idea?
If clueless Buhari failed to achieve the goal, should brilliant Tinubu also fail in this regard?
anonimi: World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate
April 23, 2023
The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*
“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.
“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ 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.
Oludiary: Make them first tell SON to work on big c pl mpanies like Nestle, Eva and co…
then, We will believe them
Is that how it is done in Chicago and Paris after their master planner has increased revenue and budget 100 times over 27 years through greater TAX burden without employing civil servants to make ordinary water available?
Don't we deserve our leaders looters in this waterless, smelly shithole disgraced country of fantastically corrupt 200 million mumus
fuckJones: (A case study of Nigeria citizens & their elected oppressors).
During the Soviet dictatorship of Joseph stalin. He was a brutal dictator with mind of his own. On one fateful day, stalin came to Politburo meeting with a live chicken. Standing in front of audience, He started to pluck the feathers of the live chicken off one by one. The chicken trembled in pain, blood tricking out of its pores. It gave out grievous cries, but stalin being a cruel dictator continued without remorse plucking the feathers out until the chicken was completely Unclad. After which, he threw the chicken on the ground. The Unclad chicken was staggering in pain. stalin goes into his pocket and from his pockets, he took out some chicken food and started to throw it at the poor & hapless creature. The poor chicken in pain started eating and stalin started walking towards his seat. As he walked away, he kept dropping some feeds on the floor & the chicken followed him and sat feeding from his feet.
Joseph stalin then turned to members of his political party leadership. He said, "This chicken represents the people". "You must disempower them, brutalise them, beat them up, starve them and then leave them". "If you do this, go into your pocket & give them peanuts when they are in that helpless and desperate situation, they will blindly follow you for the rest of their life, worshiping you". "They will think you are a hero forever. They will forget that, you're responsible for their sorrowful situation in the first place." Breath taking, isn't it ?
Now! Take a look at all the people some Nigerians are busy defending on social media. Take a look at those they call their heroes. They are the same people who plunged Nigeria into the situation she is. They are the same people who are responsible for their predicaments. Did you see the numbers of people that throng to Saraki's House during this Sallah period to go collect peanuts? People trooping to Bola Ahmed Tinubu Foundation offices to collect branded One kilo bag of Rice & Noddles. Did you see the number of people of all ages who troop out to welcome Ex- convict James Ibori to South South! Do you see the number of handle mop following obi as if he is a seat? what of the one following dino malaye?
Your guess is as good as mine. Nigerians kill those they should defend and defend those they should kill! Pass to all your contacts & let your Political & Religion Leaders read, understand & digest.
abbey621: So when he plucked out the eyes of his sister and killed her, why didn't the father voice out? Why was he not arrested since?
LEave God out of this, inaction is just another form of enablement, if na America, the father would have eliminated him long ago!
Which America are you talking about here?
The one that is filled with almajiri children who are deliberately uneducated by leaders looters who steal the money that should employ well paid teachers for their free education?
The America where governors increase TAXES and other revenue generating burdens on the public without employing well paid civil servants to make ordinary water available for every household?
Is this the 300 million population America that you are comparing with our Nigeria of 200 million people?
dangermouse: He should rather be tortured and punished until he begged to be killed. A serial murderer deserves it.
Wonder what took his father this long to tell the world the atrocities perpetrated by his son?
Is it fear of his son or tacsit support for his atrocities that made him not to report his son all these while to the authorities?
How many fathers or even mothers have you seen publicly calling for their criminal children to be killed
How many parents and other tribesmen have you seen publicly calling for their own criminal leaders looters to be arrested, prosecuted and jailed?
edet19892015: Unless you understand your role in society, you can never make any meaningful contribution.
According to the Greeks, they are three types of people on Earth, 1. The idiots, 2. The tribesmen, and 3. The citizens.
Studies show only 10% of Africans are citizens. The remaining 90% are either tribesmen or idiots.
1. When the Greeks used the word "Idiot", they did not use it as a curse word. Idiots are people who just don’t care. If they sit for exams, they will cheat. If they are in government they will steal.
An idiot does not care at all, if he eats bananas he throws the peels anywhere instead of putting them in a trash bin.
IDIOTS won't attend monthly neighborhood meetings. They won't pay security dues. They won't contribute to community development. Even when they see or know about something that will harm others in the community they won't report it. When they see/know/have something that will benefit their community they won't share.
In fact, Idiots don't care to register for or vote in an election, yet they complain the most. If they register to vote, IDIOTS will sell their votes for peanuts.
According to the Greeks, some societies have more idiots than tribesmen and citizens.
2. The next set of people are "Tribesmen", these are people that look at everything from the point of view of their tribe.
These are people that believe in you only if you are part of their tribe. It can be terrible to have a tribesman as a leader, he will alienate the rest.
When the Greeks talk about tribes, it’s not just about ethnicity, they also consider religion, gang membership, group membership, party membership and even cult membership as a tribe.
A great percentage of Africans are tribesmen, because they view everything from the point of view of their tribes. They trust only their tribesmen
3. The last group are "Citizens". These are people who like to do things the right way. They will respect traffic light rules even if no one is watching them.
They drive within speed limits. They respect the laws, and won’t cheat in exams. In government, they won’t steal. They are compassionate and give to others to promote their well-being.
Citizens often promote projects that benefit everyone. The Greeks called this group "The Citizens".
Some countries have more citizens than tribesmen and idiots, others have so many idiots.
A tribesman can become a citizen through orientation. And an idiot can become a citizen by training and constant enforcement of the law.
But things fall apart if you elect an idiot or tribesman to lead you if he has not been reformed.
Where do you belong? Are you an idiot, a tribesman or a citizen? Reflect on your life. Reflect about your immediate community, city, state and nation.
Peterobiisathie: Will they die without being involved in white powder ?
Esnbrutality Owobokiri
Why are you not calling Reno, Tinubu’s documentary film producer, who has been rewarded with ambassadorial posting to America?
Do you think that Reno’s mandate is to encourage Trump to invade Nigerian territory again, killing innocent northerners under the guise of looking for Muslim terrorists that are committing genocide against Christians
swaggerjack: Reno Omokri: I Challenge Tinubu To Prove If He Was Not A Drug Lord In Chicago
Education › Re: I Can Call Myself A Graduate Today Because Of NELFUND - Graduate by anonimi: 8:54pm On Jan 20
