Is this the first step in the process of returning to the good old days of PDP deregulation and privatisation policies that gave us 16 years of widespread prosperity and high employment productivity?
All the good things that Tinubu used his expired Buhari to scatter in 2015 with fake promises of reform and change. What happened since then apart from extreme poverty shege
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
May Day: Hunger, unemployment, insecurity real— Tinubu
According to him: “The theme demands our collective attention and serves as a stark reminder of the need to create an environment where every worker feels safe, valued, and empowered to contribute to the growth and prosperity of our nation. As your President, I assure you that this administration is committed to creating such an environment for the common good.”
On the economic hardship, he noted that while it is a global phenomenon, its effects on Nigerians are particularly severe.
Tinubu said: “I am aware of the peculiarities of the economic hardship Nigerians face—rising living costs, hunger, insecurity, unemployment, and the loss of livelihoods. These challenges are real and demand definitive solutions, which I am poised to address as your President.
SonOfDSoil01: you that is not a slave…..are you bold enough to tell us your state or region even though we have a clue and let compare with Lagos state
you economic migrants seek refuge, in search of greener pastures? Btw proudly Lagos
What kind of migrant is the atọhunrinwa ayédèrú of Iragbiji, who has 20 million smart Lagosians in lockdown with his TAX monster plan since 1999
The father that is a great leader looter in Oshiomhole’s Assembly of Past Criminals, APC
chisomkachy: The Economic and Financial Crimes Commission (EFCC) has withdrawn the alleged money laundering suit it filed at the Federal High Court against Lagos Speaker Mudashiru Ajayi Obasa.
Naija News understands that the anti-graft did not give any particular reason for its application for withdrawal.
Following the application to withdraw, Justice Nicholas Oweibo discharged the ‘lien/Post No Debit’ placed on Obasa’s three accounts in Standard Chartered Bank.
The accounts are (US Dollars) 0001852063; (Current) 0001852056 and (Saving) 5002309624.
The judge also set aside the ex-parte orders he made on September 15, 2020, which led to the freezing of the accounts.
Recall that the court on September 15, 2020, granted an interim order freezing Obasa’s accounts following the EFCC’s application in a suit marked FHC/LCS/1064/2020.
The agency had said it was investigating the Speaker for the alleged offences of conspiracy, diversion of funds, abuse of office and money laundering.
But Justice Oweibo, on August 16, 2023, heard the application to unfreeze the accounts in his chamber.
During the hearing, the EFCC was represented by Mr. Sulaiman I. Sulaiman, while Obasa was represented by Mr. Adeyinka Olumide-Fusika (SAN).
The EFCC lawyer told the court that the application to unfreeze the accounts was pursuant to Section 44(2)(K) of the 1999 Constitution (as amended) and Sections 26, 29 and 34 (1) of the EFCC (Establishment) Act, 2004, and under the court’s inherent jurisdiction.
Section 44 of the Constitution concerns constitutional rights to property.
Justice Oweibo held: “It is hereby ordered that an order is hereby granted to the respondent/applicant setting aside the ex-parte orders of this court made on the 15th day of September 2020 upon the ex-parte motion of the Applicant/ Respondent in relation the funds of the Respondent/Applicant domiciled in the accounts stated in the following schedule:
“ACCOUNT NAME, FINANCIAL ACCOUNT INSTITUTIONS, TYPE OF ACCOUNT, 1. Mudasiru Ajayi Obasa, Standard Chartered, (US Dollars) 0001852063 2. Mudasiru Ajayi Obasa, Standard Chartered (Current) 0001852056 3. Mudashiru Ajayi Obasa, Standard Chartered (Saving) 5002309624.
“Issued at Lagos, under the seal of this Honourable Court and by the hands of the Presiding Judge this 16th day of August 2023.”
WorldRichest: Akanni Omo Olowoode, won n le l’eyin, o n le ara iwaju. Ekun Oko Iyalaya won. Una never see anything.
He will teach you all what you don’t know
What else can your leader looter teach us apart from how to increase tax burden on people, which he steals to bribe politicians for his stranglehold over the masses?
What else can Ọgbẹni ojuyọbọ teach anyone
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.
Lord Lugard, the former governor-general of Nigeria, in 1926, wrote his unfiltered thought about Nigerians. From his book, The Dual Mandates, come these excerpts: "In character and temperament, the typical African of this race-type is a happy, thriftless, excitable person, lacking in self-control, discipline, and foresight. Naturally courageous, and naturally courteous and polite, full of personal vanity, with little sense of veracity, fond of music and loving weapons as an oriental loves jewellery. His thoughts are concentrated on the events and feelings of the moment, and he suffers little from the apprehension for the future or grief for the past. His mind is far nearer to the animal world than that of the European or Asiatic, and exhibits something of the animals' placidity and want of desire to rise beyond the state he has reached.
"Through the ages, the African appears to have evolved no organised religious creed, and though some tribes appear to believe in a deity, the religious sense seldom rises above pantheistic animalism and seems more often to take the form of a vague dread of the supernatural. He lacks the power of organisation, and is conspicuously deficient in the management and control alike of men or business. He loves the display of power, but fails to realize its responsibility - he will work hard with a less incentive than most races. He has the courage of the fighting animal, an instinct rather than a moral virtue. In brief, the virtues and defects of his race -type are those of attractive children, whose confidence when it is won is given ungrudgingly as to an older and wiser superior and without envy. Perhaps, the two traits which have impressed me as those most characteristic of the African native are his lack of apprehension and his lack of ability to visualize the future"
Guys lets discuss the thoughts of Lord Lugard. he had a supremacist view obviously. But is he right in the way he describes Nigerians and Africans in general? How many of the issues that he raises are valid?
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.”
HgAkpobomeEr: Tinubu's contributions to Buhari's success in 2015 cannot be overemphasized.
Tinubu’s contribution to the disaster of Oshiomhole’s Assembly of Past Criminals, APC is well noted.
APC extreme poverty shege that destroyed 16 years of PDP deregulation and privatisation prosperity.
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
Exousiang01: If they don't work to get them out you will say they are part of the kidnapping ring. When the get the job done you still say the same thing......
I think there is a market were madness is sold in wholesale in this country and some of you are regular customers
How many of YOU are customers of this market where madness is sold, since you don’t see any issue with how the kidnappers have not been killed or arrested
Akwamkpuruamu: We keep on emulating financial laws from abroad but the accountability and transparency seem in abroad we avoid that.
Isn't this criminal
Beyond the accountability and transparency, we also have the absence of well paid government employees to make common services and public utilities available for everyone.
Common services and public utilities like free education for all children.
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.
hopexter: Taxing Lagosians to death and yet your brothers still troop into Lagos like banished criminals.
If taxation of lagosians is what makes Lagos the centre of commerce and business, with foreign investors trooping into Lagos daily, that tells you taxation is the beginning of development and growth. Nigeria is in that Era and if you cannot accept it, pls move to Bukina Faso or Saudi Arabia where there’s no Tax.
At what point since before 1914 when Lagos became amalgamated Nigeria’s capital, were people not trooping to the city?
Is it when the Nupes settled in Oshodi? Or when the Bini kingdom reigned over the lagoon from Iga Idunganran
ufotunang: Why are these governors greedy..upon the high billions of federal allocation they collect from the federal government monthly..they still want to with hold and control local government funds... without the local government areas, villages , communities been developed..
Nigeria cannot be developed .. development must start from the foundation, grass roots then upwards...any country where the villages, communities,LGA areas are not developed such a country cannot be developed and that is why Nigeria is still call a developing country at 65 years of independence
What have the 36 governors, including Sanwo Olu of Lagos, got to do with Tinubu’s failure to do what the SCON ordered 29 months ago
[quote author=Lanrelagboi post=133655707]Lagos has now crossed the 3 Trillion Naira annual budget mark. Crossed 2 Trillion in 2024.
Memory Lane: the first full-year Lagos State budget (Year 2000) in the 4th Republic was in the region of 40-something billion Naira. And it was described as “unprecedented” back then.
Meteng: It is now that I believe this man knows nothing else than to tax Nigerians to stupor and indulge himself. Otherwise what is this?
They always copy how to milk us from the west but will not copy how to govern well
200 million Nigerians love it so, just like 20 million Lagosians have been loving it for 26 years now.
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.
Good initiative to generate revenue for stealing by Tinubu to bribe politicians?
Bribe politicians for his reelection and then use it for his 3rd term to get life president like Biya?
Tinubu is set to succeed where Obasanjo failed despite his Ghana must go bags of NASS bribes.
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.
But the fee should be minimal to avoid burdening vehicle owners.
As minimal as the hike in petrol price instead of the promised crash of January 2023?
Why do you think that Tinubu and APC are such wicked TAX monsters
chisomkachy: Nigerian President Bola Tinubu’s first supplementary budget includes a fleet of SUVs for himself and his wife, a presidential yacht and the renovation of his villa amid a cost-of-living crisis for some of the poorest people in the world.
The proposal — which seeks additional funding beyond the annual budget approved by Tinubu’s predecessor — comes as the government asks Nigerians to persevere through pain caused in part by a raft of economic reforms ushered in by the new president. Africa’s most populous country faces rampant unemployment, soaring food prices and a plummeting currency.
Federal lawmakers approved the president’s request for extra spending on Thursday, but eliminated the provision of 5 billion naira ($6.01 million) to buy a presidential yacht. Instead, they doubled the allocation to a student loan fund to 10 billion naira, according Abubakar Bichi, chairman of an appropriations committee in the House of Representatives.
The lawmakers approved 1.5 billion-naira proposed to purchase SUVs for the office of First Lady Oluremi Tinubu — an amount larger than that allocated to many individual federal colleges. The supplementary budget also proposes almost 6 billion naira to purchase SUVs for the presidency — more than the amount initially allocated to fund a student loan program for poor families.
hatchy: They can only attack the blacks but will never say pim to the Arabians who have completely taken over the UK, waving flags of the so called liberation country in the middle East.
The reason is not far fetched.
Qatar and UAE were created and colonised by the British until independence 11 years after we were left to our own devices by the same British empire in 1960.
Do you say pim to successful people in your own communities
TheBedWench: The one-drop rule is a social and legal principle of racial classification that was historically prominent in the United States in the 20th century. It asserted that any person with even one ancestor of black ancestry ("one drop" of black blood) is considered black (Negro or colored in historical terms).
This concept became codified into the law of some states in the early 20th century. It was associated with the principle of "invisible blackness" that developed after the long history of racial interaction in the South, which had included the hardening of slavery as a racial caste and later segregation. It is an example of hypodescent, the automatic assignment of children of a mixed union between different socioeconomic or ethnic groups to the group with the lower status, regardless of proportion of ancestry in different groups.[3]
The one-drop rule is defunct in law in the United States and was never codified into federal law.
Mcslize: Before kor. An unrepentant third world country that battles epileptic power supply, dirty and oozing environment.
Nigeria is carrying a curse as a country and they don't want to do anything about it.
Why don’t you go ahead and tell us the details of the curse that 200 million of us are carrying, which you are doing something about since you know that the rest of us are not doing anything about it
I want to sell a script to a Hollywood studio. The story is about a guy who owns a farm that constantly runs at a loss but never quite shuts down.
The farm is massive and underutilised, and the protagonist has all the opportunities in the world to improve its output and get a bumper harvest.
He has access to credit, machinery, free irrigation and gifts from neighbouring farmers, but all he ever does with these things is drink and smoke them away while his family suffers.
Nigeria has refused to grow up and achieve something, but it somehow feels as if it is living vicariously through the achievements of its estranged children around the world
Apart from drinking, smoking and generally being utterly useless, his other pastime is to pump out children at an industrial rate. Needless to say, he takes no care of his children whatsoever, and many of them fail to survive childhood.
Those who do survive have to leave the farm and hire themselves out as hired labour to the neighbouring farmers, having picked up some survival skills from home.
With time, a number of them rise through the ranks and become senior managers, directors and even shareholders in these other farms while their father continues mismanaging his farm.
When good news about some of these successful children gets home, their father is filled with pride and joy, but when they end up on the wrong side of life, he acts as if he never knew them.
The successful ones make efforts to revamp their childhood home by sending back money and volunteering their skills and time, but all this guy ever wants to do is be a 62-year-old underachieving idiot carried through life by charity and luck.
Famzing” diaspora success is dishonest I’m sure before the end of the second paragraph, you figured out whose story I was telling. The 62-year story of post-independence Nigeria — which the Hollywood studio would surely reject for being too sad with no redemption — is that of our fictional antihero.
Nigeria has refused to grow up and achieve something, but it somehow feels as if it is living vicariously through the achievements of its estranged children around the world.
Remember how everyone from corporate brands to Abike Dabiri made a big song and dance about supporting Anthony Joshua the “Nigerian,” whose only chance to become someone in life came when his parents emigrated from Nigeria?
Remember how things turned when he somehow lost against that chubby Mexican dude whose name I can’t remember? Remember when the Super Falcons won the female AFCON title and received a congratulatory tweet from the president, only for them to have to stage a protest before being paid their camp allowances?
That’s what we do in Nigeria. We try to live vicariously through the achievements of people who have achieved great things under their own steam, simply because said people happen to be called ‘Ifeoma,’ ‘Efe’ and ‘Ayotunde.’
Even when Nigeria had absolutely nothing to do with said success, or in fact happened in spite of Nigeria, as with Divine Oduduru, we bask in the reflected glory of their personal achievements.
Sometimes when those people wear a Nigerian flag or post something about Wizkid or Jollof Rice on Instagram, we go crazy with the Nigerian flag emojis because oh my god, they identify with us!
This is not about being a Killjoy Somehow, the complete failure of Nigeria and our complicity in its failure is more bearable when we point at Nigerian immigrants doing great things in life and say “I knew Femi before he started calling himself Anthony.
His father and I were classmates in Aiyetoro.” It is unclear how exactly this helps our situation but hey, it’s also unclear how chugging the amount of alcohol we do helps either.
Escapism is a key part of our culture, and anyone who dissents must be a non-Jollof-eating, vegetarian heretic, and possibly also an atheist.
Now while all this is painfully cringey to my eyes, some will also point out that Nigeria is not the only country that has a weird obsession with its diaspora population.
Even ‘first-world’ countries like Ireland continue to have deep emotional and economic connections to their diaspora, and in any case Nigerians proudly supporting Anthony Joshua or the NBA’s Giannis Ante…African-sounding-name is basically harmless fun. They’re not hurting anyone. Why be such a killjoy, David?
The reason this matters can be found in a quote that has been dubiously attributed to Russian President Vladmir Putin, where he describes Africa as the place where its diaspora does not invest in, but returns to only to die and be buried with their ancestors.
While there is no concrete evidence that Mr. Putin ever actually made that comment, the truth in it is painfully poignant.
For diaspora success to be meaningful to Nigeria, it must correlate to on-ground results in Nigeria. The example of Somalia shows that having a well-educated, globally successful diaspora while being an absolute basket case are both possible at the same time.
RealTAArije: One of the worst things that have ever happened to osun is Adeleke coming in as our governor, since his Assumption 3yrs ago, everything in the state has dead,
I went to Asubiaro hospital to visit someone there, omoh, the hospital is in bad condition, our schools are dilapidated, without teachers, and roads inside Osogbo are not motorable... Everything is this state is not working, AMBO is coming to make the correction.
Why are you not worried about your dead English instead of your propaganda against the performing governor of the state?
Did you go to school when APC was in charge of the state
Politics › Re: Okonjo-Iweala, Governor Otti Commission Abia's Electric Buses (Video, Pictures) by anonimi: 10:01pm On Dec 22, 2025
