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Politics › Re: IMF World Economic Outlook Growth Projections For 2025 by anonimi: 5:39am On Oct 25, 2025
seunmsg:
Only illiterates, pessimists, obidients and haters of Nigeria would be against the tax reforms of this administration. This government has lowered corporate tax rate more than any government in the history of this country. Even for personal income tax, this is the first government to waive the taxation of the first 800k income for every Nigerians.

See, you guys can keep lying about the tax reforms, it’s a lie that has an expiry date as implementation will commence in January 2026. When workers receive their January 2026 payslip and notice their PAYE has reduced compared to what they paid in December 2026, they will be the ones to come online and fight you liars and propagandists. So till then, I won’t waste my time engaging anyone on the effect of the new tax laws.
Only Stockholm Syndrome sufferers will love to give more taxes to leaders looters who have failed to use previous taxes well.

I hope you are not one of them. I hope and pray that you are not.

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.

https://punchng.com/the-eyesore-on-bourdillon-road/
>>
>>>>

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.


https://www.bloomberg.com/news/articles/2023-11-02/nigeria-budgets-for-suvs-and-yachts-amid-economic-hardship
Politics › Re: IMF World Economic Outlook Growth Projections For 2025 by anonimi: 5:24am On Oct 25, 2025
malali:
weaponization of illiteracy
……..by the broom wielding witches in Oshiomhole’s Assembly of Past Criminals, APC.

How can politicians who say that they are progressive, fail to use increasing revenue squeezed out of the public, to employ teachers for the free education of all children? Meanwhile, Obasanjo and Atiku’s PDP established UBEC to provide federal matching funds to help states achieve nine years of free and compulsory education for all children.

Lanrelagboi:
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.


https://x.com/toluogunlesi/status/1877326708904181856?t=R_xycXnffVtjtiWwoGCzAQ&s=19[/quote]>>;
>>>

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.

https://tribuneonlineng.com/ratio-of-public-to-private-schools-in-lagos-state-is-one-to-22-%E2%80%95-commissioner/
Politics › Re: IMF World Economic Outlook Growth Projections For 2025 by anonimi: 5:17am On Oct 25, 2025
Abdul05:
This is a sign that the economy is finally responding to reforms.. grin grin

And, if you say the growth still feels slow on the street..yes, you are right..

But l want you know that rebuilding economy takes times..
Let us be patient..
Who destroyed the economy in the first place? Could it be the man that Obasanjo was aware of how clueless he was but endorsed him nevertheless?

Buhari not sound in economy, foreign affairs —Obasanjo

“I will tell you what I know and I will tell you what I don’t know. I know Gen. Muhammadu Buhari. He served under me in the military. His characteristics that I know, his behaviour that I know, he has not deviated from them. He was never a perfect man, he is not a perfect man and no leader can ever be a perfect man because they are human beings.

But if you read my book, what I said about him is correct. He is not a hot person when it comes to economy. He is not a very hot person when it comes to foreign affairs. But he will do well in matters of military and he will do well in fighting Boko Haram.”

https://punchng.com/buhari-not-sound-economy-foreign-affairs-obasanjo/?amp
Could he be the man Tinubu described as expired in 2011 but made him president nevertheless?

anonimi:
March 21, 2011

Tinubu rules out alliance with CPC

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.”

http://www.vanguardngr.com/2011/03/tinubu-rules-out-alliance-with-cpc/
Politics › Re: IMF World Economic Outlook Growth Projections For 2025 by anonimi: 5:10am On Oct 25, 2025
seunmsg:
https://www.imf.org/en/Publications/WEO/Issues/2025/10/14/world-economic-outlook-october-2025?cid=sm-com-x-AM2025-WEOEA2025002

https://x.com/imfnews/status/1981760162718527636?s=46[/quote]What a terrible thing that happened to our country in 2015, when Tinubu made his expired soldier APC president, promising change only to destroy the prosperity handed over by PDP.

How did we end up with APC’s extreme poverty shege that Tinubu has worsened to the extra level?

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

https://nairametrics.com/2023/09/01/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/
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anonimi:
May 1, 2025

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.

https://www.vanguardngr.com/2025/05/may-day-hunger-unemployment-insecurity-real-tinubu/

Politics › Re: I Am Not FG's Spokesman, Never Flown Abroad For Medical Reasons - Wike by anonimi: 4:51am On Oct 25, 2025
Omoboricash:
Let take the news one after the other
He said Wike was sick and flown abroad. He made it clear that he was half paralyzed
Not quiet long Wik show on National TV.
He also alleged President bar him from monthly media chat, now Wike just had one

The latest was Minister of Finance Wale Edun, he said he was critically Ill and was flown abroad becos he’s suffering from stroke . Two days later the man was seen in a function.

Is stroke illness you cure within one week?
Sowore is a conveyor of fake news. More than 80% of his news are fake
Wale Edun’s sickness was confirmed by his boss.

https://dailypost.ng/2025/10/13/hes-getting-better-tinubus-aide-gives-update-on-minister-wale-eduns-illness/
Politics › Re: I Am Not FG's Spokesman, Never Flown Abroad For Medical Reasons - Wike by anonimi: 4:47am On Oct 25, 2025
Pakute:
https://dailypost.ng/2025/10/24/im-not-tinubus-spokesman-never-flown-abroad-for-medical-treatment-wike-counters-sowore/
Sowore and Sahara Reporters will soon show us the receipts confirming that Wike is a liar.
Politics › Re: Nigeria Imports 15 Billion Litres Of Petrol Despite Dangote Refinery Output by anonimi: 4:29am On Oct 25, 2025
Saturnalia:
Let me tell you, even if Jesus Christ comes down to govern Nigeria, things will still not work.

Obasanjo was the first person to make that observation. As you are bringing one solution, 2000 new problems are springing up in different direction.

The root of Nigeria’s problems is entrenched from here to Kilimanjaro.
How many million Nigerians are from here to Kilimanjaro huh

How many million Nigerians want something, and even everything without doing anything towards achieving their community and country goals?

How many of your friends and relatives vote, and how many of them contribute towards the different aspects of the political and governance processes huh

Racoon:
The ranking placed Nigeria in 186th position, only after Haiti, among 187 countries of the world. Nigeria is the second country in the world with the lowest voter turnout, worse than war-ravaged Afghanistan and Libya, a new ranking by Picodi has shown.

The ranking placed Nigeria in 186th position, only after Haiti, among 187 countries of the world. Nigeria also ranked worst in Africa. Nigeria’s low voter turnout

PREMIUM TIMES had reported how Nigeria recorded a new low in voter turnout during the last general elections. With a national turnout of 29 per cent, a Premium Times analysis showed that the last election had the lowest participation rate in the country’s six decades of independence.

It further revealed that of the 93.4 million registered voters this year, 87.2 million people collected their Permanent Voters Card and the total number of actual voters on election day was only 24.9 million..The winner of the election, Bola Tinubu, had less than nine million votes, roughly 10 per cent of the total eligible voters.

Another analysis by this newspaper revealed that all the 18 candidates in Nigeria’s February elections received only 27.55 per cent of the total eligible votes.

https://www.premiumtimesng.com/news/top-news/634921-voter-turnout-nigeria-ranks-worlds-second-worst-nation-report.html?utm_campaign=twitter&utm_medium=twitter&utm_source=twitter
Politics › Re: Oseni Rufai Replies To Bayo Onanuga Calling Him "Economic Illiterate" by anonimi: 4:06am On Oct 25, 2025
Kemetian:
You think Rufai and Obidients understand this stuff you're saying? grin grin

Ol' boy, those are village guys. They have no clue what you're saying. grin grin
Do you have any clue what Wale Edun said about how Oshiomhole’s Assembly of Past Criminals, APC ruined all the prosperity handed to them by deregulation and capitalist PDP a decade ago huh

Or maybe you don’t care about all that stuff because you are getting free daily bread palliative instead of jobs to earn a living in dignity, as promised by APC leaders looters?



https://www.youtube.com/watch?v=zYltMapDyIo?si=0-hO0Vt5C9uBxVd1


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

https://nairametrics.com/2023/09/01/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/
Politics › Re: Oseni Rufai Replies To Bayo Onanuga Calling Him "Economic Illiterate" by anonimi: 3:57am On Oct 25, 2025
loffyloffy:
Even without looking deep, you can see how senseless Rufai Oseni is.

If Nigeria's total debt is 152 Trillion, is it reasonable to ask that has it not all been borrowed under Tinubu?

The mumu also knows that fx adjustment means our debt in Naira terms went up, while in Dollar terms it has been stable or even going down.

Lastly the fool knows that govt generaly borrows to meet up with budget and payback as revenue flows in. Tinubu has the biggest budget ever and will continue to borrow to execute. He also have the buggest revenue ever, meaning he is paying back as he is borrowing.

This short term borrowing keeps the economy rolling.
The same way that Lagos State borrowing under Tinubu’s master plan, despite increasing tax burden on 20 million Lagosians for budget growth, keeps Lagos rolling in deprivation of basic services and utilities like water.

When last did you read about Stockholm Syndrome huh


https://www.youtube.com/watch?v=g5v-F81hNTs


[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.


https://x.com/toluogunlesi/status/1877326708904181856?t=R_xycXnffVtjtiWwoGCzAQ&s=19[/quote]
Politics › Re: Tension In Kwara As Truckloads Of Fulani Herders Allegedly Arrive For INEC Reg. by anonimi: 3:51am On Oct 25, 2025
CrownedPhoenix:
Jihad is going on in this country.

Just wondering why I have never seen the governor of this Kwara state make comments on the atrocities being committed in those Kwara communities by the Fulani terrorists.
Fulanis are not committing any atrocities in Kwara State or any other state. Our president knows that and you should follow his example.
Politics › Re: Tension In Kwara As Truckloads Of Fulani Herders Allegedly Arrive For INEC Reg. by anonimi: 3:49am On Oct 25, 2025
Penguin2:
They stay fixated on issues of Abia, Alex Otti and Southeast, and in telling Anioma people to deny their Igbo heritage while their kith and kin are being slaughtered like chickens in Kwara.

It’s most troubling that the monikers whose voices are usually the highest whenever a trailer fails break at Ugwu Onyeama in Enugu usually disappear whenever there’s report of ethnic cleansing in Kwara.

I’ve never seen a people like this.

God forbid I or my tribe will ever become this self-sabotaging for whatever reason at all.

Fiakwa!
Please don’t blame us o.

We are just following the example of Aṣiwaju ọmọlúwàbís.

Meanwhile, how do we know that these people are Fulanis without seeing their cows huh

Highways:
Where Are The Cows? Is Evans A Herdsman?'


When Funke Olakurin, daughter of Afenifere leader, Pa Reuben Fasoranti was murdered instead of Bola Tinubu to make sure that the perpetrators were brought to book, he ended up making fun of the death of the young lady by turning everything into tribalism by showing his hates for Igbos.


Tinubu has never spoken against the deadly activities of Fulani herdsmen across the country




Mrs Olakunrin died of gunshot wounds in July 2019 after her vehicle was attacked by armed men, suspected to be marauding Fulani bandits whose violent activities had reached a frightening level across the southwest states.


Those arrested suspects include Lawal Mazaje, 40, from Felele area of Kogi State; Adamu Adamu, 50, from Jada area of Adamawa State; Mohammed Usman, 26, from Illela area of Sokoto State and Auwal Abubakar, 25, from Shinkafi area of Zamfara State....

However, the leader of the team, identified only as Tambaya, and three others are yet to be found.

Tambaya has been declared wanted by the police and he is said to be capable of communicating in Hausa, Fulfude and Pidgin English.

https://www.premiumtimesng.com/news/top-news/388382-afenifere-police-speak-on-arrest-of-alleged-killers-of-fasorantis-daughter.html
Food › Re: I Bought This Beans In Apapa by anonimi: 7:42pm On Oct 24, 2025
Ofunaofu:
Op, you bought ebin pa wa oil with a touch of bean seeds
He should find the nearest location for free daily bread palliative to complement the beans-flavoured oil. grin

Glimpsetv:
A large crowd of Lagosians was filmed in a long queue struggling to collect a loaf of bread. To maintain order, several military personnel were on the ground to control the crowd. This has triggered a lot of reactions online.

Watch the video, share your thoughts in the comments.


https://www.youtube.com/watch?v=zYltMapDyIo?si=0-hO0Vt5C9uBxVd1
Food › Re: I Bought This Beans In Apapa by anonimi: 7:39pm On Oct 24, 2025
Olaolar:
500naira beans can't even reach half of takeaway plate anymore..
GOD help us bring things back to normal in this country..
Can you please explain in detail, HOW God brought us APC extreme poverty shege in place 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

https://nairametrics.com/2023/09/01/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/
>>>
>>>

anonimi:
May 1, 2025

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.

https://www.vanguardngr.com/2025/05/may-day-hunger-unemployment-insecurity-real-tinubu/
Celebrities › Re: Peller Made Over ₦70m In Just 5 Minutes During A Tiktok Official Match(vid) by anonimi: 9:42am On Oct 24, 2025
FreeIgboho:
What EXACTLY is this?

Can someone explain?
70m how?
He will surely explain to tax authorities when they come for their tax returns from him.
Politics › Re: FIRS, Customs Generate ₦6.41 Trillion In 9 Months by anonimi: 9:39am On Oct 24, 2025
FarahAideed:
Under Tinubu govt make sure you convert any trillion dry tell you to dollars and see how much you are being misled ...if you check this is one of the worst performance if the FIRs is the last 15 years
Maybe if he had done what he promised to do in the short term for the dollar rate, it would have been the best performance of FIRS?

All the SPV loans from Afreximbank have failed to help Bọbọ Chicago.

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.

https://www.ripplesnigeria.com/world-bank-offers-nigeria-forex-rate-advice-as-tinubu-eyes-n200-dollar-rate/?amp
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>>>


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.

https://www.thecable.ng/exclusive-nigeria-to-pay-11-85-interest-on-3-3bn-afriexim-nnpc-loan-pledges-164m-barrels-as-security/amp
Politics › Re: FIRS, Customs Generate ₦6.41 Trillion In 9 Months by anonimi: 9:34am On Oct 24, 2025
barinedan:
Then why is tinubu borrowing all over the world?
This is the biggest riddle of our history.

$84 billion subsidy savings, no impact.
Billions of dollars in trade surplus, zero effect.

ManirBK:
Aug 28, 2023

The Federal Government says it has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation.

The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this at the end of the inaugural Federal Executive Council meeting on Monday in Abuja.

He said that the benefit of the subsidy removal would be ploughed back into various sectors aimed at boosting government revenue and improving the business environment for local and foreign investment.

Edun said that with the increased revenue from subsidy removal, various palliatives have been made available to cushion its effect on a short, medium and long-term basis.

He reiterated the President Bola Tinubu-led administration’s desire to bring back the economy from the wood it has found itself over time.

https://www.vanguardngr.com/2023/08/fg-ends-borrowing-finance-minister/amp/
Politics › Re: FIRS, Customs Generate ₦6.41 Trillion In 9 Months by anonimi: 9:32am On Oct 24, 2025
nikky5:
No doubt, Tinubu is doing a great job.
Indeed, he is doing a great job of squeezing out increasing taxes from the public while failing to make life better for everyone as he promised.

He is more concerned about stealing the money to buy votes for his grip on power as he is doing in Lagos since 1999 with his master plan.

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.

https://punchng.com/i-said-i-was-richer-than-osun-state-tinubu-admits/
Sports › Re: Nigeria Tops List Of African Countries Represented In The Premier League by anonimi: 9:14am On Oct 24, 2025
erad:
Absolutely DOMINATING in PL but not dominating at home. What then is the use?

You dey clean your neighbour house but your own house is worse than a pig sty. SMH!
Many thanks for sharing this brutal truth with us.

How do we make things right for our own country and communities huh

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.

https://www.thisdaylive.com/index.php/2024/10/12/neo-black-problem-must-blacks-be-ruled-by-whites-in-order-to-prosper/
Sports › Re: Nigeria Tops List Of African Countries Represented In The Premier League by anonimi: 9:12am On Oct 24, 2025
RemoveKebab:
Sub Saharans are the top most physically athletic people in world
Especially west Africans
How has this made our countries as prosperous as oyinbo countries, instead of us praying and fasting for their japa visas huh

anonimi:
David Hundeyin
May 4, 2022


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.

I’d imagine we do not aspire to be Somalia.
Travel › Re: See The Terrible State Of Benin–asaba Expressway After Heavy Rainfall (video) by anonimi: 9:04am On Oct 24, 2025
Emoin:
EDO is shining from nothing to nothing 😂😂😂
The clueless governor is more concerned about his commissioners wearing Tinubu caps than anything else.


https://punchng.com/okpebholo-directs-edo-cabinet-members-to-wear-tinubu-branded-outfits/?amp
Sports › Re: Rashidi Yekini's 62nd Posthumous Birthday Is Today by anonimi: 9:00am On Oct 24, 2025
Tayorshd87:
So Tinubu that came 2 years ago tax Rashidi yelling money since 1988??

U well so ❓
You should be asking yourself that question since you don’t know how government is a continuity.

Was there no government collecting taxes in 1988 from every Nigerian huh
Politics › Re: 25 Countries With The Largest Homeless Populations by anonimi: 5:25pm On Oct 23, 2025
lightwind:
$
How can USA not be number one on that list huh
Including Canada
$
Direct your question to the leaders looters we allow to steal money that should employ well paid workers to make government services and utilities available for everyone.



https://www.youtube.com/watch?v=g5v-F81hNTs


thewinning101:
PANDORA PAPERS: Buhari visited Tinubu in corruption-tainted London villa acquired by Oyetola

Governor Oyetola, a relative of Mr Tinubu, may have sabotaged his own country by buying the exotic property as Nigeria made to seize it.

ByNicholas IbekweandTaiwo-Hassan Adebayo October 7, 2021 in Headline Stories, Pandora Papers Reading Time: 8 mins read

It was a meeting of two of Nigeria’s most influential politicians in London – President Muhammadu Buhari was visiting political kingmaker and senior member of his ruling All Progressives Congress (APC), Bola Tinubu.

In July, the presidency announced that Mr Buhari was heading to London for an education summit. The office also added that the president would also see his doctors for “medical check-up”.

Coincidentally, Mr Tinubu, who had travelled to London earlier, was also receiving treatment for an undisclosed ailment in the British capital. So, a perfect setting for both men to meet was created.

https://www.premiumtimesng.com/pandora-papers/488537-pandora-papers-buhari-visited-tinubu-in-corruption-tainted-london-villa-acquired-by-oyetola.html?tztc=1
Crime › Re: Soldier On Holiday Shot Dead By Herders After Challenging Them by anonimi: 4:57pm On Oct 23, 2025
Apcnewrecruit:
The herdsmen who killed him will see the wrath of the indefatigable Nigeria army
According to Tinubu, it was not herdsmen that killed the soldier.

Highways:
Where Are The Cows? Is Evans A Herdsman?'


When Funke Olakurin, daughter of Afenifere leader, Pa Reuben Fasoranti was murdered instead of Bola Tinubu to make sure that the perpetrators were brought to book, he ended up making fun of the death of the young lady by turning everything into tribalism by showing his hates for Igbos.


Tinubu has never spoken against the deadly activities of Fulani herdsmen across the country




Mrs Olakunrin died of gunshot wounds in July 2019 after her vehicle was attacked by armed men, suspected to be marauding Fulani bandits whose violent activities had reached a frightening level across the southwest states.


Those arrested suspects include Lawal Mazaje, 40, from Felele area of Kogi State; Adamu Adamu, 50, from Jada area of Adamawa State; Mohammed Usman, 26, from Illela area of Sokoto State and Auwal Abubakar, 25, from Shinkafi area of Zamfara State....

However, the leader of the team, identified only as Tambaya, and three others are yet to be found.

Tambaya has been declared wanted by the police and he is said to be capable of communicating in Hausa, Fulfude and Pidgin English.

https://www.premiumtimesng.com/news/top-news/388382-afenifere-police-speak-on-arrest-of-alleged-killers-of-fasorantis-daughter.html
Politics › Re: If Tinubu Fails, It Will Be Difficult For His Successor To Fix Nigeria - Shehu by anonimi: 4:48pm On Oct 23, 2025
Racoon:
https://www.vanguardngr.com/2025/10/if-tinubu-fails-itll-be-difficult-for-his-successor-to-fix-nigeria-shehu-sani/
We know that he has failed already, as he confessed himself.

Shehu Sanni should focus his efforts on getting Tinubu and APC to resign so that PDP prosperity people can take us back to:

- low inflation
- low unemployment
- low insecurity
- low corruption
- high productivity

anonimi:
May 1, 2025

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.

https://www.vanguardngr.com/2025/05/may-day-hunger-unemployment-insecurity-real-tinubu/
Sports › Re: Rashidi Yekini's 62nd Posthumous Birthday Is Today by anonimi: 4:45pm On Oct 23, 2025
Tayorshd87:
Which tax ?
Who tax who?
U used the word everywhere ? 😄🤣

How many tax Nigerians are paying ?

Only civil servant are paying it ..
90% of business men and women making millions don't have CAC and don't pay tax ..

So which tax are u talking about in 1988 when they are playing and earning 🤔

Educate me abeg 😂
Please get the tax education from your government that collects it from everyone.
Sports › Re: Rashidi Yekini's 62nd Posthumous Birthday Is Today by anonimi: 12:07pm On Oct 23, 2025
Tayorshd87:
because majority didn't plan or think about the future ...

Similar thing happening to taribo and he started abusing government 🤔

When they are making cool cash when dollar was #5 to 1$ they were so wealthy and didn't plan for tomorrow 😕

Did d government share or enjoy with them and d money then ??
How can you ask if the government shared in their money when they pay taxes like everyone else huh
Sports › Re: Rashidi Yekini's 62nd Posthumous Birthday Is Today by anonimi: 12:06pm On Oct 23, 2025
Smartcitizen:
Mr Hot Shot..

He was one of Nigerians finest players but very stingy Yoruba man.

It was reported that he died a very miserable man.

Morales: learn how to bless people with whatever God has given to you because freely you received and freely you must give back.

🙏🙏🙏
Received freely by working hard to improve his skills and travelling to earn money?

Why is God not giving you freely as well huh
Politics › Re: The Results Of The 1891 Census Of Lagos Indigenes by anonimi: 10:05am On Oct 23, 2025
chatinent:
That means that the people who claim to own Lagos today are not even from Lagos!
Who exactly are those who claim to own Lagos today but are not from Lagos huh
Politics › Re: The Results Of The 1891 Census Of Lagos Indigenes by anonimi: 10:04am On Oct 23, 2025
Politics › Re: States Now More Buoyant Under Tinubu’s Administration – Governor Oyebanji by anonimi: 9:19am On Oct 23, 2025
FarahAideed:
This too I can always disprove and I will ...this is one lie that has been over peddled
You dey mind the asslicking sycophants!

Apart from the shrunk value of the Naira due to hyperinflation, there is also the fact that while the 36 states scramble to share 27% of the federation account, the federal government alone corners 53%.
Sports › Re: Rashidi Yekini's 62nd Posthumous Birthday Is Today by anonimi: 9:15am On Oct 23, 2025
nlfpmod:
Birthday: Rashidi Yekini Turns 62 Today!

https://en.m.wikipedia.org/wiki/Rashidi_Yekini
May his soul continue to rest in peace.

It would be nice to see him in the jerseys of the Nigerian League teams he played for.

If anyone has pictures of that, please share.

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