franchasng: 13. International Breweries – $1.5 billion
This is the Brewery Peter Obi invested Anambra state money that Soludo said it's worth next to nothing
Nigeria really need Peter Obi, God should have mercy on Nigeria and give us Peter Obi let's try him
You deserve one Hero beer for this sarcastic post, which highlights how Obi was used to facilitate ebilokan’s continuity of APC shege two years ago, thanks to Wike.
jameshankss: Arguing that Obi’s presidential bid would only work in favour of Tinubu, Soludo said, “Indeed, if I were Asiwaju Tinubu, I would even give Peter Obi money as someone heading one of the departments of his campaign, because Obi is making Tinubu’s pathway to victory much easier by indirectly pulling down PDP.”
Obi, according to Soludo, would only deplete the votes of the Peoples Democratic Party (PDP) and pave the path for an APC victory.
He stated, “The current fleeting frenzy, if not checked, will cost Ndigbo dearly for years. The South-east has the lowest number of votes of any region, but it is also the only region where the presidential race might be a four-way race (it is a two-way race in the other five regions) thereby, ensuring that our votes won’t count in the making of the next president of Nigeria.
Unfortunately, our collective poverty has been worsened in the last decade by the progreThieves who share palliatives instead of creating jobs promised.
How did we allow ebilokan to scam us into buying his propaganda package of 2011 expired Buhari as the replacement for Jonathan four years later?
How do we get back the deregulation and privatisation capitalist prosperity of PDP’s 16 years with high employment productivity?
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.
SmartPolician: Na #17 Presco shock me pass - a company making over a billion dollars by investing in palm oil! When I imagine how we can invest massively in palm oil and make billions of dollars from it yet everyone is running to Abuja to share $50 billion of petrodollars every year,
I feel terrible about the kind of leaders we have. That's why I keep arguing that blacks are not fit for self-rule!
Since the leaders looters are not imported and imposed foreigners, but rather they emerged from among us, those who understand what our issues are must work for the enlightenment of others until their own ideas dominate the society.
Oyinbos were formerly cave dwellers who were later ruled by absolute monarchy until they enlightened themselves for the masses to understand their own power as the owners of sovereignty in the theory of Social Contract.
No leader can exist without having followers! No leader can keep his job if he ultimately fails to do what the followers want to do.
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.”
AfonjaPriest: Lagos stinks! There is no doubt about that. The government collects taxes from the people, yet it expects them to pay for the removal of garbages.
What is the Lagos State government doing with the money in her treasury? Sanwo-olu should do something immediately. And that's an order!
The Lagos State government headed by Sanwo Olu is doing with the annual trillions budget what ebilokan’s a-looter progreThief master plan says.
The same master plan is being used in Aso Rock for 200 million Nigerians since 2023. If it works well on 20 million smart Lagosians, surely it will work well on the entire country. No need to change the winning strategy.
The results speak for themselves at the federal level.
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.
First off, it's officially known that if international flights fly directly into every major city of Nigeria, it means private airlines will go bankrupt. So, these restrictions of international airlines flying ONLY into the airports in Lagos, the FCT, Kano, Enugu, etc, were made so that the local aviation industry will thrive and NOT be suffocated by foreign airlines competing with them. So when they fly into say Lagos or Kano airports, the local airlines can generate revenue too and fly passengers out to other cities This is also done in many countries of the world to keep the domestic aviation going.
Second, the Onne River Port is already very active and Onitsha River Port is also there. I'm aware that barges have been used to move consignments to Onitsha from Onne that were brought by big ocean-going ships. So, why haven't some people moved out of Lagos? Based on CLEAR evidence, it's because of the insecurity LARGELY caused by criminal elements among the South Easterners that's making the South East of Nigeria people to stay away from using those two ports fully. Lagos State is also located on the Atlantic Ocean and directly on a major international shipping route along the West Africa coastline with access to West African markets and markets beyond.
To be candid, Lagos State MUST be decongested with the constitutional amendments (and these new bills President 'Bola Tinubu is signing into law) BECAUSE it's affecting infrastructure. Many people are BETTER off in their home towns or villages where they can LARGELY get cheaper foods to buy and eat or simply walk into their farms or home gardens and pluck fruits, vegetables, and more to cook meals.
Other States of Nigeria have to relieve Lagos State of the pressures.
Should other states also relieve Lagos of the huge revenue (internally generated and federally allocated) that is based on its population
A Lagos State lawmaker, Mr Saka Fafunmi, on Thursday expressed dissatisfaction at the performance of the state Water Corporation.
Fafunmi, a member of the Lagos State House of Assembly (LAHA), said in Ikeja that the corporation had not been able to justify statutory allocations to it.
The lawmaker, who represents Ifako-Ijaiye Constituency 1 at the assembly, spoke to the News Agency of Nigeria (NAN).
He said that the corporation had the capacity to generate much fund internally through water rates but had relied solely on government funding because of poor performance.
'' Anyone that is using water will be willing to pay for it; the corporation has not been giving us water.
"Is there any new community that Water Corporation has given water? People depend on boreholes; even government estates have industrial boreholes.
"Why do we keep pumping money into an agency that does not give us the desired results?'' he asked.
He noted that the Adiyan Waterworks was located at Ifako-Ijaiye, where many of the residents had resorted to digging boreholes as a means of getting water.
''A lot of people are falling sick because they don't drink clean water.
''In the same compound, where you have sewage, is where you have a borehole.
''There is no way you can manage the sewage that it will not leak and pollute the water; everyone drinking such is drinking contaminated water,'' he said.
The lawmaker urged the corporation to increase water reticulation and supply to residents.
sreamsense: Obi is not the one that promised, Tinubu is the one that promise, hope you know?
Tinubu is a talk and do not "go and verify"
So why has ebilokan failed to talk and do for the crashing of petrol price below the January 2023 level?
Do you know how much this failure affects the price of food, rent and other things
Deltafirstson: Although the pump price of fuel was N197 when President Bola Tinubu took over on May 29, 2023, the product now sells for N617 per litre – less than two months after.
In his inaugural address, Tinubu announced that subsidy was gone, fulfilling a promise that all leading presidential candidates made during the campaign.
However, pump price of fuel hit N537 per litre days after Tinubu ended subsidy.
On Tuesday, the price climbed further to N617, a development that the Nigerian National Petroleum Corporation Limited (NNPCL) attributed to “market forces”.
Nigerians have been lamenting the hardship occasioned by fuel price hike. Amid the lamentation, a video where Tinubu campaigned to slash the price of fuel went into circulation.
Checks by Daily Trust affirmed the authenticity of the video uploaded on the YouTube page of Channels Television.
At his campaign rally in Abeokuta, Ogun State capital, on January 25, 2023, Tinubu spoke on a number of issues, but those of fuel scarcity and naira redesign made the headlines.
However, Tinubu who spoke in Yoruba language, also assured the crowd that though people were saying petrol price would hit N200, it would be reviewed downward under him.
“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax, we will bring it down,” he had said in the 7th minute of the video.
King Wasiu Ayinde Marshall, a Fuji musician who performed at the rally, interrupted the president’s speech with chants as the crowd cheered.
On the campaign podium with the president were Vice-President Kashim Shettima; Pa Bisi Akande, interim National Chairman of the APC; Femi Gbajabiamila, Chief of Staff to the President; Senator Gbenga Daniel; among other bigwigs of the ruling party.
Tinubu went further to say Nigerians would defy the acute fuel scarcity at the time and trek to cast their votes.
“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200/N500 per litre. Go and relax, we will crash the prices,” he had said.
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.
Melagros: COMRADES, we know these people by their comments, that's why Dino Malaye affirmed that PDP is a branch of apc
What a shame
It’s indeed a shame what Wike has done to not just PDP but also to the country, by working for ebilokan to continue APC shege after losing his own chance to be Atiku’s running mate.
anonimi: Wike lobbied PDP committee to be Atiku’s running mate – Ex-gov’ship aspirant
Thu, 29 Sep 2022 14:33:04 WAT
Muazu Magaji, a former governorship aspirant of the Peoples Democratic Party in Kano State, has alleged that the Governor of Rivers State, Nyesom Wike, lobbied members of the party’s committee constituted to advise the presidential candidate, Atiku Abubakar, on the choice of his running mate.
Magaji disclosed this while speaking on Channels TV’s Sunrise Daily, on Thursday.
The Kano politician also argued that there was no proof that Atiku promised Wike the vice president position as claimed.
The PDP committee had recommended the Governor of Delta State, Ifeanyi Okowa; Governor of Akwa Ibom State, Udom Emmanuel and Wike.
The committee, however, scored Wike above the other two contenders but Atiku decided to settle for Okowa. A decision that has since unsettled Wike’s camp.
Magaji, however, claimed that Wike lobbied to be scored ahead of others, adding that the Rivers State governor should not be trusted with important positions in the country.
osuofia2: Haha, Atiku think say he wise, you go change party tire.
Rip PDP, thanks to Atiku
Don’t you have the wrong name there
Why did you leave out Wike?
ddippset: Says a man who hijacked the party and singlehandedly produced the last 4 National Chairmen of the party for his own selfishness.
Says a man who accepted nomination to be running mate to Fulani Atiku. He knew it was injustice to give Atiku the ticket yet he lobbied to be the VP.
He knew the party had to go South for the 2023 election, yet he still put Secondus as National Chaiman just to hijack the party.. Only to push Secondus out because he wanted the ticket 2023.
This man remains the biggest problem of PDP.
He can only deceive and fool his minions, not reasonable people.
chichar1: Pdp is an offshoot of APC thanks to wike and atiku.
Wike, I understand but what is the other name doing in your comment
anonimi: 2023: PDP and politics of healing Wike’s self-inflicted injury
Then, the race began in earnest for three years now, reaching a frenzy with the works of the two PDP committees on zoning. The first was the Gov Ifeanyi Ugwuanyi committee on the zoning of the PDP party offices. The Ugwuanyi committee quickly told the world the committee’s assignment did not cover zoning the office of the president. Though this was true, the question is: why didn’t the Ugwuanyi committee zone the PDP chairmanship to the North without aligning it to the divide that would produce the PDP presidential flag-bearer? The second committee headed by Gov Samuel Ortom of Benue state was specifically on the zoning of the presidential ticket and, with the votes of the representatives of all the 17 Southern states without any exception, the Committee unanimously recommended throwing open the PDP presidential ticket, which the PDP NEC simply upheld.
One thing irrefutably stands out – Wike shot himself in the leg. Here was a man who had an overarching influence on both committees but could not insist that the ticket be zoned South. Many had wondered why? The reason is also relatively in plain sight: the Southeast factor. As the clamour for zoning of the presidential ticket of the PDP to South reached its crescendo, many had pointed out the fact that though the PDP Constitution had prescribed zoning of the office of the president to be between North and South since the South-west and South-south had taken their turns in producing the president and the vice in this current dispensation in the persons of Olusegun Obasanjo and Goodluck Jonathan, zoning this time around, should not just be to the South but the Southeast.
Atiku Abubakar went a step further by offering to step down from the race if it would be agreed that the touted zoning to the South would mean micro-zoning to the Southeast. Wike and the rest could not take the Atiku challenge maybe because Atiku would likely back Peter Obi, who was his vice-presidential running mate in 2019 and an ally. The prospects of Peter Obi picking the ticket if PDP zoned South was so real compelling Wike to go for an open contest, believing he could pick it up ahead of Atiku, Tambuwal and Bala Mohammed, given his large war chest.
Is one of the sins that destroy a nation - Mahatma Gandhi
Tell me, what businesses has she established or work has she done legitimately to be able to afford this philanthropy?
She has established the business of sharing the $84 billion savings from subsidy removal that hiked petrol price and hyperinflation instead of crashing them as promised by her husband.
Ìyẹn náà tó fún business.
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.
okoloto: Good governance is the sure way to buy votes
If you are correct, then why was ebilokan able to use propaganda against his fellow southerner Jonathan and replace him with a cluelessly expired northerner?
How could ebilokan replace PDP’s 16 years of deregulation and privatisation capitalist prosperity with APC’s extreme poverty shege that was fraudulently sold as change?
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
They need the votes with desperation hence concentrating the donations on where they think they would get them
Ebilokan does not have to work for southeast’s tribal bloc votes. He will get them indirectly as he did last election, to continue APC shege for another four years.
jameshankss: Arguing that Obi’s presidential bid would only work in favour of Tinubu, Soludo said, “Indeed, if I were Asiwaju Tinubu, I would even give Peter Obi money as someone heading one of the departments of his campaign, because Obi is making Tinubu’s pathway to victory much easier by indirectly pulling down PDP.”
Obi, according to Soludo, would only deplete the votes of the Peoples Democratic Party (PDP) and pave the path for an APC victory.
He stated, “The current fleeting frenzy, if not checked, will cost Ndigbo dearly for years. The South-east has the lowest number of votes of any region, but it is also the only region where the presidential race might be a four-way race (it is a two-way race in the other five regions) thereby, ensuring that our votes won’t count in the making of the next president of Nigeria.
Teejay2033: Whoever tells you that Nigeria humongous challenges can be fixed in four years (not even two) is lying to you. Nigeria mess is massive and it will take time and determination to do fix it.
At least, Tinubu was honest never to promise us eldorado, and he was bold to take some important decisions like local government autonomy, tax reforms, removal of fuel subsidy, etc., knowing fully well that such decisions could cost him his second term ambition.
I didn't vote for Tinubu the last time, but I will definitely vote for him come 2027 because of his boldness and courage. Don't get me wrong, there is still a need for improvement.
Crashing petrol price to the January 2023 level is not eldorado. Why has the brilliant, Chicago accountant failed to deliver on this one promise
Why has All Promises Cancelled, APC failed to do deliver N70 petrol that they criticised Jonathan for, as a prelude to making him a one term president in favour of ebilokan’s cluelessly expired northerner Buhari?
Deltafirstson: Although the pump price of fuel was N197 when President Bola Tinubu took over on May 29, 2023, the product now sells for N617 per litre – less than two months after.
In his inaugural address, Tinubu announced that subsidy was gone, fulfilling a promise that all leading presidential candidates made during the campaign.
However, pump price of fuel hit N537 per litre days after Tinubu ended subsidy.
On Tuesday, the price climbed further to N617, a development that the Nigerian National Petroleum Corporation Limited (NNPCL) attributed to “market forces”.
Nigerians have been lamenting the hardship occasioned by fuel price hike. Amid the lamentation, a video where Tinubu campaigned to slash the price of fuel went into circulation.
Checks by Daily Trust affirmed the authenticity of the video uploaded on the YouTube page of Channels Television.
At his campaign rally in Abeokuta, Ogun State capital, on January 25, 2023, Tinubu spoke on a number of issues, but those of fuel scarcity and naira redesign made the headlines.
However, Tinubu who spoke in Yoruba language, also assured the crowd that though people were saying petrol price would hit N200, it would be reviewed downward under him.
“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax, we will bring it down,” he had said in the 7th minute of the video.
King Wasiu Ayinde Marshall, a Fuji musician who performed at the rally, interrupted the president’s speech with chants as the crowd cheered.
On the campaign podium with the president were Vice-President Kashim Shettima; Pa Bisi Akande, interim National Chairman of the APC; Femi Gbajabiamila, Chief of Staff to the President; Senator Gbenga Daniel; among other bigwigs of the ruling party.
Tinubu went further to say Nigerians would defy the acute fuel scarcity at the time and trek to cast their votes.
“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200/N500 per litre. Go and relax, we will crash the prices,” he had said.
Are we owing IMF alone? Or are we owing different loans to various external and internal lenders?
Why are you sharing partial information to labour in vain at distortion and propaganda lies?
Is this why ebilokan and other progreThieves have failed to employ adequate professional teachers who are well paid for the free education of all children? No wonder Agbero Poverty Conmen, APC has less than 5% schools owned by the government in Lagos after 26 years of massive budget and revenue growth squeezed out of the people.
A widely circulated claim on social media and top media platforms suggests that President Tinubu's administration has borrowed over ₦63 trillion as of now or ₦56.6 trillion as of December 2024 in less than two years. This is a complete misconception. While Nigeria's total public debt has risen significantly from ₦87.38 trillion in June 2023 (one month after former President Buhari left office) to ₦149.39 trillion in March 2025, this increase is primarily driven by the naira-to-dollar exchange rate, as a result of the floating of naira, not solely from new loans.
For clarity sake, let us examine the debt figures for June 2023 and March 2025, factoring in the exchange rate changes.
Nigeria's Total Public Debt Portfolio as of June 2023 (Source: DMO)
How Did the Debt Increase from ₦87.38 Trillion to ₦149.39 Trillion? The increase in Nigeria's public debt from June 2023 to March 2025 can be attributed to two main factors: the revaluation of existing external debt due to the naira's devaluation and new debt stock under the Tinubu administration.
1. Impact of Exchange Rate Devaluation
The external debt of US$43.16 billion as of June 2023, when revalued at the March 2025 exchange rate of ₦1,536 per US dollar, amounts to ₦66.29 trillion. This represents an increase of ₦33.04 trillion for the same debt stock due solely to the exchange rate change.
2. New Debt Under the Tinubu Administration
External Debt Increase: From US43.16 billion in June 2023 to US45.98 billion in March 2025, an increase of US$2.82 billion. At the March 2025 exchange rate, this equals ₦4.33 trillion.
Domestic Debt Increase: From ₦54.13 trillion in June 2023 to ₦78.76 trillion in March 2025, an increase of ₦24.63 trillion.
Total New Debt: ₦4.33 trillion (external) + ₦24.63 trillion (domestic) = ₦28.96 trillion.
Softmirror: The kind of criticism Tinubu has been getting has really been helping to project his administration in a very positive light every time the administration counters with hard facts.
SoftMisinformer, what is the positive light for someone who has completely and totally failed to do any of the things he promised?
Has he crashed petrol price below the January 2023 level
anonimi: World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate
April 23, 2023
The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*
“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.
“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.
mrmayormedia: Tinubu did not take much loan as widely claimed online.
Stop the story
Your own OP story says that he took more loans both externally and internally. So what else is there to explain and ṣàlàyé?
Anyway, there is no need to stress yourself since ebilokan himself has said that he has made everything worse than the cluelessly expired northerner he made president. The APC extreme poverty olodo ebilokan used to make his fellow southerner Jonathan a one term president.
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.
Softmirror: The kind of criticism Tinubu has been getting has really been helping to project his administration in a very positive light every time the administration counters with hard facts.
Did ebilokan borrow more money externally AND internally according to the OP’s analysis despite saving $84 billion from subsidy removal that has hiked petrol price and hyperinflation instead of crashing them as he promised?
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.
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.
Imagine David Mark, after wasteful years of not contributing any value to the society besides his close allies and family members, the unfortunate one still want to stay relevant.
Who was the senate president when the doctrine of necessity was used to make Jonathan the Acting President?
Jmk9292: A total overhaul and a new order is what Nigeria deserves....... All these guys are rotten.
What % of your own earnings are you donating to the various guys who are not rotten to create your new order, in addition to your time and talents?
If you’re not donating your money and not volunteering your time and talents, then who are you expecting to do it
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.”
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.”
Guestmale: If you want to judge Tinubu on the high cost of living except we want to be an hypocrite we all know the banes of the inflation, which are fuel subsidy removal and floating of naira the same policies all the three top contestants in the last presidential election promised to implement if voted for and economic gurus also supported that the two subsidies must.
It's only uninformed person that can be hoodwinked in voting for the other contestants on the basis of present high cost of living except they come out and say they are reverting to old prices of ₦180 per litre's of pms and ₦200 per dollar.
During PDP era that we experienced oil boom that a barrel of crude oil was selling for over $110, what did they do with it , they misappropriated and looted it ( Diziane and Dasuki comes to mind) the Jonathan government resulted to borrowing to pay worker's salaries when the oil prices started dropping.
Why is ebilokan borrowing more than previous presidents despite $84 billion subsidy savings
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.
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.
Efuaye: Show me just one Nigerian who is not affected by the misrule of president tinubu and apc since 2015
Who feels it knows it, APC scammed us. Pure and simple!
anonimi: Petrol should never cost more than N70 per litre, says APC
January 19, 2015
The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.
On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.
But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.
It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.
njokuuche77: This family too get money. Billions billions everywhere.
That means they are worth over a trillion naira
The money must be from the trillions Lagos master plan annual budget that should employ civil servants to make government services and public utilities available for all.
Maxymilliano: If Tinubu could turn the country in a destructive direction in just 2 years, then a whole 4 years should be enough to redirect the country's path to the right direction.
Unfortunately, ebilokan said the same thing but his destruction of Lagos in 26 years of his master plan should have shown us that he was clueless and incompetent about governance.
Ditto for Obi and his Anambra eight years record before he made his Fidelity Bank boy the successor. The one who showed him out of APGA and frustrated his godfather ambitions.
newsbook: Anambra State governor, Chief Willie Obiano has re-echoed his allegation that his predecessor, Mr Peter Obi demanded the sum of N7.5billion from him for sponsoring his election in 2013.
Obiano and his predecessor, Obi have had a frosty relationship shortly after his swearing in.
Obi has however denied that he demanded for the sum of N7.5billion from Obiano, saying that his problem with him was his (Obiano’s) underperformance.
Obi said if he needed the said sum, he would have simply taken it from the N75billion he left for the Obiano administration at the end of his tenure.
But Governor Obiano while speaking on Wednesday evening at Ezechima Primary School, Onitsha where he inaugurated his reelection campaigns in Onitsha North Council Area, said the clarification became necessary because of the recent accusations against him by the former Governor.
He stated that his predecessor had demanded the sum of N7.5billion from him as funds spent in prosecuting the election on his behalf, but that he refused to pay the money because it was not true.
Obiano said he refused to pay because he strongly believed that public funds should be used for public good, and not to settle godfathers.
These, he said, was the reason they fell apart.
The governor said that another reason he refused to pay the money was because he was aware that enough money was raised for his campaign by his friends and associates, all of which were never accounted for by the former governor.
On the actual sum the former Governor claimed he left behind, Governor Obiano made it clear that he inherited liability of about N127 billion debt from him in contracts awarded and other responsibilities, which he has been religiously undertaking in the spirit of continuity.
He said Obi flagged off several roads even on the day he was leaving office and saddled him with the burden of paying for it, but he assured the people that he has his eyes on the ball and will not allow anything to distract him from fulfilling his promises.
The Chairman of the Governor’s Re-election Campaign Committee, Chief Victor Umeh said APGA as the political spirit of Ndigbo, has in the past three and half years, availed Anambra good governance at its best, reminding the people that the upcoming guber election was not about Willie Obiano but about ensuring that the state remained free from political godfatherism.
A former Central Bank Governor, Professor Chukwuma Soludo in his speech said that at this time, the State needs a tested hand like Governor Obiano who has the experience and expertise to effectively steer her affairs.
Nothing beat the land of your birth, no place better than home. Forget about all those people hyping abroad. No life in abroad apart the constant light, security and currency. Mention one persons that made billion doing business in abroad and I will mention 100 people in Nigeria that made such money .. Imagine on Sunday morning , hearing or listening the melodious song coming from the cherubim and sapphire church . Or the old high life songs that remind your childhood memories while traveling a long distance journey.. My life in abroad is like a priso while I will work all the day of my life payin bills .. No freedom in abroad when you don’t have documents, running away and hidin from security every day of your life. Two second , u might be cut and gets depoted or takenn to court where you might be charge to prisonn or get life bann . All the money you spentt all gonee
If he is breaking rule 8, then why is the threat not closed and deleted
My rich uncle after seeing my struggle decided to help me with 4m to start up life. My old school friend that lives in SA is ready to help me come over in SA and start afresh but I am scared . Really need your advise. I know there are no jobs in SA
Business › Re: Full List Of Nigerian Companies With Market Capitalization Above $1 Billion by anonimi: 6:29am On Aug 06, 2025
