Ikaeniyan0: The naira is also gaining against the dollar, cost of goods and service are falling.
Nigerians will beg Tinubu to contest in 2027
If we didn’t beg PDP to continue in 2015, then what would make us beg Oshiomhole’s Association of Past Criminals, APC to continue with their corruption and incompetence 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
Petrol should never cost more than N70 per litre, says APC
January 19, 2015
The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.
On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.
But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.
It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.
FORMER Minister of Petroleum and Energy, Prof. Tamunoemi David-West, said that Nigerians should expect sharp drop in petrol price from the current N87 to about N40 per litre, saying, “the president-elect, Gen. Mohammed Buhari, will reduce the fuel pump price to N40 per litre.”
PigTormentor: Nigeria is now running a real market economy, not a try and error economy where thr government keeps trying the same old tactic that has not worked.
Is this the result of running a real market economy after two years
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.
Maybe you are talking about the real market economy of PDP’s 16 years of deregulation and privatisation capitalist policies for high employment productivity below
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
twilliamx: So na cow and dogs they work on the project. When you are on a project no be people go work on am. And won't they get paid for their work?
PigTormentor: No work? Didn't they employ people to build these projects. This is how you create real employment, by investing in capital projects that will employ people.
How many teachers, engineers, technicians, administrators etc have been employed by Wike to work on the school and water projects that he has commissioned?
Do you know
anonimi: Water Scarcity Hits Maitama, Embassies Affected
Tue, 25 Feb 2025
A severe water scarcity has hit the downtown area of Maitama District in the Federal Capital City over the last two weeks, Abuja Metro reports.
Many parts of the affluent neighbourhood have been struggling with lack of pipe-borne water as the Federal Capital Territory Water Board supply has been off.
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.
Ezmans: Politicians are using lere against his brother am not supprise
In the same way that Tinubu used himself against his southern brother Jonathan to make him a one term president, replaced by a northerner whom he knew was expired in 2011.
Why would an ọmọlúwàbí do something so horrible? Why would he replace PDP prosperity with APC extreme poverty shege? To gain what
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.”
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
Jayhome24: Eeewwwwoooohhhh Chinese!!! Pls read what you posted how does it sound in your ears?
Oh heaven pls where is wisdom gone in Nigeria? From your statement it clearly showed you are dry of critics and you just want to stay relevant because your post is out of point completely.
I have read an again and it sounds heavenly.
Can you please use your wisdom to say the number of well paid civil servants employed by land grabber Wike to work the commissioned projects
Kdon2: Can you give me one that has resigned like this since 1999 to date?
Okonjo-Iweala resigned from Obasanjo’s administration.
Why don’t you want government officials to resign if they are unable to deliver on their job and promises
Don’t you want our country to be as good as oyinbo countries where the people EXPECT nonperforming officials who can’t do what they promised, to resign?
Do you want us to continue being the lowest of the lowest among human races?
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)[1][2] 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.
What is project commissioning about if there is no employment of well paid civil servants to work the projects for longevity in the service of the people
Promismike: One thing I detest so much about these APC is their arrogance even as it's obvious they have done so bad.
This can't happen in a nation where their is free and fair election.
Who are you expecting to work on making free and fair elections happen in our country? Politicians? Or the people like you
anonimi: “The worst illiterate is the political illiterate, he doesn’t hear, doesn’t speak, nor participates in the political events.
He doesn’t know the cost of life, the price of the bean, of the fish, of the flour, of the rent, of the shoes and of the medicine, all depends on political decisions. The political illiterate is so stupid that he is proud and swells his chest saying that he hates politics.
The slowpoke doesn’t know that, from his political ignorance is born the prostitute, the abandoned child, and the worst thieves of all, the bad politician, corrupted and flunky of the national and multinational companies.”
Kukutente23: Ghana is doing 6.3% growth presently Benin is at 7.5% Togo is at 5.3% Senegal is at 6% Even Mali is doing 5% under military rule
And we are at 3%. Very sad
It’s really very sad that we allowed him to replace PDP deregulation and privatisation prosperity with APC palliative sharing extreme poverty shege that was fraudulently sold as change.
How do we get our prosperity back o
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.
Ozinlex: All this Governor knows is media boys hyping and nothing much
They come to office and the first thing is to recruit online laptop boys; rubbish!
Ehn now, ṣebi they are Aṣiwaju ọmọlúwàbís’ followers. The Chicago trained accountant with Mobil experience who built Lagos into a glorified ghetto without water and without free education for all children despite claiming to be progressive.
What do you think that he, Fashola, Ambode and Sanwo Olu have been doing with the N3.4 trillion budget that was N42 billion just a quarter of a century ago? Stealing, robbing and looting
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.
fergie001: I don't think he is saying things people do not know already but we know been Governor of the State if created is his prime motive.
Not bad for a politician.
…….but terrible for governance?
How many states have been created since we got rid of military dictators 26 years ago?
Ned Nwoko should tell us why he has failed to deliver his Anioma dream in the five amendments to the 1999 constitution. Instead of talking about it, should he not be mobilising and lobbying his fellow senators to include Anioma state in the ongoing 6th amendment
Burob: Just to elaborate on a few, The Governor Akpabio of Pdp, or the Senate President Akpabio in Apc today,
The Governor Akume of Pdp, or the one in Apc today, the Nyesom Wike of Pdp, or the one supporting APC today, the founding father of APC Abubakar Atiku, or the one in Pdp today, or is it James Ibori of Pdp, or the one supporting Tinubu today?
How many privatisation schemes and deregulation policies have been implemented by extreme poverty APC since 2015 compared with PDP in 16 years of widespread prosperity
Kdon2: Please stop bringing tinubu into it, he was not in government then, even osinbajo who was in government couldn't do anything about terrorists.
The whole world gave them. It started during Jonathan, so yes it's not a tinubu thing.
If you can’t do the job you asked for, then why don’t you just resign?
Did Buhari and Tinubu with APC promise to fix insecurity when they asked us to vote against PDP in 2015?
Do you understand what integrity means
Emergingnation: Flashback: How Bola Tinubu spoke highly of Buhari in 2015, named PDP ‘Poverty Development Party
National leader of the ruling All Progressives Congress, APC, Bola Tinubu had during the presidential campaign in 2015, referred to President Muhammadu Buhari as the only solution for the security and economic challenges facing Nigeria.
During a mega presidential rally, the former governor of Lagos State recalled how some powerful nations in the world returned to army generals when they were challenged, saying “Major General Buhari would revive Nigeria’s economy”.
He named the current opposition People’s Democratic Party, PDP as the “Poverty Development Party saying they had nothing to offer.
His words at the time were; “Every nation has a period of their own challenges, when America was challenged, they turned to one great man, their ex-military general, General Eisenhower. When the French were challenged, they turned to their general, Charles de Gaulle.
“When Britain was challenged, they turned to their general. Today, Nigeria is economically and physically challenged so we turn to General Muhammadu Buhari. He is the right man for the job. If you talk about military experience, he has it abundantly, he has courage, simplicity, he has it abundantly.
“If you talk about great determination, a combination of vision and ability to perform, honesty and integrity, he has it abundantly.
“I laugh when the incapable government, ‘Poverty Development Party’ PDP were talking. They have nothing again to say, they now want to question the qualifications of General Buhari and look for his certificate”.
Following the manifestos in 2015 which projected the APC presidential candidate as a ‘saviour’, Buhari defeated the then incumbent president, Goodluck Ebele Jonathan with Nigerians expecting a total change in security and economy.
joachimnkenchor: Not to young to cash out Anywhere belle face 🤣
You must be talking about Tinubu and his cronies who have made life so unbearable for 200 million Nigerians with high petrol price and inflation of everything just to give themselves more luxury and steal money to bribe politicians to keep them in power.
Kiss the truth!
TimeManager: The Federal Government has revealed that the elimination of the petrol subsidy under President Bola Tinubu has resulted in savings of over $84 billion, which are now being channelled into the construction and rehabilitation of 40 key road projects across the country over the past two years.
This was disclosed in a policy brief released by the National Orientation Agency (NOA), titled “Two Years Later: Key Benefits of Subsidy Removal,” and made available to journalists over the weekend in Abuja.
The report, which reviewed the outcomes of the subsidy removal since May 29, 2023, noted that the policy averted a looming economic crisis.
It also enabled the Tinubu administration to clear long-standing financial liabilities, increase capital investments, and support the financial stability of state governments.
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.
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.
Nackzy: They will definitely Rigg the election in favour of tinubu
Are you saying that there is no chance for a return to the deregulation and privatisation prosperity years of PDP capitalists?
Wahala dey o. Shey na like this we go dey endure APC shege that was fraudulently sold as change 10 years ago?
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.
ozo13: I don't understand ur point.so we should allow people to hold us to ransom selling food at exorbitant prices because of a govt policy. What was the cause of price of foreign rice moving up from the 2015 price.we should start the argument from there.
this isn't about politics or who is right or wrong.it should be about what can be done better for the benefit of all.it isn't an APC /PDP thing.it should be about Nigeria because all of us are in the mess.
Everything is about politics and the earlier you understand that the better for us to be a better country.
anonimi: “The worst illiterate is the political illiterate, he doesn’t hear, doesn’t speak, nor participates in the political events.
He doesn’t know the cost of life, the price of the bean, of the fish, of the flour, of the rent, of the shoes and of the medicine, all depends on political decisions. The political illiterate is so stupid that he is proud and swells his chest saying that he hates politics.
The slowpoke doesn’t know that, from his political ignorance is born the prostitute, the abandoned child, and the worst thieves of all, the bad politician, corrupted and flunky of the national and multinational companies.”
Re-lection is 2027 so they need a decisive way to convince the gullible ones...
How do we make the number of gullible ones reduce drastically?
How can we do the enlightenment work for everyone to be more informed and less gullible
anonimi: “The worst illiterate is the political illiterate, he doesn’t hear, doesn’t speak, nor participates in the political events.
He doesn’t know the cost of life, the price of the bean, of the fish, of the flour, of the rent, of the shoes and of the medicine, all depends on political decisions. The political illiterate is so stupid that he is proud and swells his chest saying that he hates politics.
The slowpoke doesn’t know that, from his political ignorance is born the prostitute, the abandoned child, and the worst thieves of all, the bad politician, corrupted and flunky of the national and multinational companies.”
ozo13: correctly summarize.i stay in Kebbi and this is exactly what they were doing.warehouses everywhere creating artificial scarcity just to increase price.
Now that prices are down, most of them got no option than count their looses.beans I use to buy 3k per plate is now 1800/1900 just few days ago I bought in the market. Foreign rice that was almost 100k here is now 57k here.
The same politicians making noise because of high prices of food because of govt policies are still the same politicians complaining prices are now coming down .
How much was foreign rice in 2015 when minimum wage was 18k? How do these numbers compare with APC’s 57k rice with minimum wage at 70k?
Does that make us worse extreme poverty paupers or not
You that read the article well, what is different from what he wrote about it?
Why are we importing food and bankrupting the country with loans instead of growing our own food and securing our future like we did when PDP was in office for 16 years?
Why did we allow APC elected leaders looters show us shege with their corruption, cluelessness and incompetence of the last decade?
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.
Lanretoye: call it whatever you call it,subsidy is evil that shouldn’t live.imagine still paying subsidy and importing fuel when dollar is now 1600?,
you can’t be borrowing money from Opay to pay Palmpay then still borrow from palmpay to Opay again and on.subsidy was never a benefit
Why should dollar be N1,600 when we have saved $84 billion from subsidy removal, and we have billions of dollars in trade surplus because imports have reduced while exports have increased?
Is the dollar still very costly because Tinubu and APC are worse rogues than their PDP rivals
socialmediaman: The 2018 Rating by Transparency International placed Nigeria at 148th position out of 180 countries. Nigeria was improving over the years under the previous government, until Buhari got elected as president, things became worse.
There is a difference between fact and fiction. We need to face facts, Buhari is worse than GEJ when it comes to fighting corruption, at least that’s what the facts prove.
Most of us believed there was corruption under Goodluck Jonathan’s Government. I agree with those who did, there was corruption, but not as bad as it is today under Mohammadu Buhari.
In 2012, Nigeria was placed at 139th position, In 2014, Nigeria gained 3 steps and was placed at 136th position. Under Buhari, Nigeria has lost many positions down to 148th.
There’s no further proof needed that corruption has worsened under Buhari’s government compared to previous years.
tunde1200: You go explain tire...! No matter what you analys citizens and not happy with the current situation of the country. Obi no mean bad for the country Yar adua no mean bad GEJ no mean bad Buhari no mean bad
Like wise Baba Jagaban but the shadows of the past is really worrying us in the country.
The shadows of the past when APC complained about N87 petrol even though PDP didn’t borrow so much money to bankrupt us?
What is the reason behind APC borrowing more money than PDP after removing subsidy to save $84 billion? Is it looting, stealing and robbing
Buhari’ll reduce petrol to N40/L —David-West
FORMER Minister of Petroleum and Energy, Prof. Tamunoemi David-West, said that Nigerians should expect sharp drop in petrol price from the current N87 to about N40 per litre, saying, “the president-elect, Gen. Mohammed Buhari, will reduce the fuel pump price to N40 per litre.”
Petrol should never cost more than N70 per litre, says APC
January 19, 2015
The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.
On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.
But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.
It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.
Kdon2: Elrufai accomplice. He should be locked up and the keys thrown into the lagoon
Where should the man who delegated insecurity questions to him be locked up?
Krankhead: This and El-Rufai are the set of People obi and supporting
Why did Tinubu support him as well
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.
LagosOrigin: Terrorists now give condition to our so called army and the president
What a country 😂😂😂
The two sides understand each other and they are working in sync.
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
The same stand Adeyinka Grandson gave on the death of Fasoranti's daughter is where Tinubu, the leader of the Yoruba Conservatives stands. Please see Tinubu's video below. pic.twitter.com/COhiSvabqW
— Adeyinka Grandson (@deyinkagrandson) July 14, 2019
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.
Vision101: With all due respect sir: Ask the civil servants that were owed 21 months salaries by various states whether they prefer that or now that their salaries are paid on time.
Ask the various contractors that were owed so much before now whether they prefer that or now that they are paid timely
Ask the foreign airlines that were owed backlog of their remittance with no hope of releasing them before PBAT whether they prefer that or now that the backlog has been cleared. Ask the average traveller what this meant.
Ask the citizens all over the country whether they prefer the terrible road or now that there is so much provision of infrastructure by federal and subnationals.
Ask the average economist the implications of forward sale of crude oil not yet extracted and now that it doesn't exist.
Ask the average economist implications of high and low foreign reserve.
Think deeply and you will understand that two of the biggest source of corruption in our economy is the subsidy on fx and petroleum products. This monster 💩 has been defeated.
Ask the average parents and students in the university whether they will prefer the old order of uncertainty in the completion of their studies due to lack of funds or the current certainty of completion and gradual repayment of loan after studies.
Ask the average economist the implications to the economy and business people when workers and contractors are paid timely.
All these happened in two years. You can imagine how it will be in another six years.
Ask the average Nigerian the implications of propaganda lies.
ijustdey: Nigeria will pay an interest of 11.85 percent per annum on the $3.3 billion “pre-export finance facility” (PxF) facilitated by the Nigerian National Petroleum Company (NNPC) Ltd and arranged by Afrexim Bank, TheCable can report.
Until now, the fine details of the transaction, which has a five-year tenor, had been withheld by all parties involved.
A similar cocoa-backed $800 million facility arranged for Ghana by its cocoa marketing board attracts an interest of 8 percent per annum.
Bilateral lenders, such as the International Monetary Fund (IMF), would typically charge 1-3 percent with a longer tenor.
In the details seen by TheCable, Nigeria pledged a total of 164.25 million barrels of crude oil — at 90,000 barrels per day — starting from 2024 to repay the loan through Project Gazelle Funding Ltd, an “orphan” special purpose vehicle (SPV) incorporated in Bahamas for the PxF.
Effectively, the NNPC has pledged 38.58 percent of five years’ worth of tax and royalty oil to secure the loan. > > > ‘DOLLAR LIQUIDITY TO STABILISE THE NAIRA’
The national oil company announced in August 2023 that the PxF was to support the federal government “in its ongoing fiscal and monetary policy reforms aimed at stabilizing the exchange rate market”, describing it as “a relief for the naira”.
It called the facility “crude oil repayment” with an upfront cash loan “against proceeds from a limited amount of future crude oil production”.
At the time, the dollar exchanged for an average of N775 in the official market and N885 on the streets.
The rates have now moved to N1,035/$ (official) and N1,230/$ (parallel).
Politics › Re: Wike’s Aide, Lere Invites Sowore To Abuja Project Commissionings by anonimi: 6:49pm On Sep 16, 2025
