How do we know that this is not another propaganda story from APC if the exchange rate is getting worse despite subsidy savings and reduced imports plus billions of dollars in loans to defend the Naira?
Was this not how we were told that APC reserves under Buhari were inflated massively
Ibusho: The Federal Government on Friday received a $2.25b foreign exchange support facility from the African Import-Export Bank.
The Minister of Finance, Wale Edun, confirmed this to Arise TV, said it is the first tranche of the $3.3bn facility from the bank. He noted that the loan was aimed at resolving the acute FX shortage that has hampered the economy.
According to the report monitored by our correspondent, the balance of $1.05bn will be received in the first week of January.
Edun stated that work has commenced for solutions to Nigeria’s economic challenges.
In August, the Nigerian National Petroleum Company Limited announced that it had secured a $3bn emergency loan from the Afrexim Bank to stabilise the country’s volatile foreign exchange market.
nairalanda1: And the women don't look at broke men because many of the have bad attitudes towards women because they were burned by the girlfriend who left them for the richer man.
Yeah and on the girlfriend issue, most girls in Nigeria are under pressure to bring a rich man , not a poor man. Family too needs to survive, and the extended family too needs more money
Also, women marry men who can feed their children.Harsh, but no woman wants to see her kid starve
Finally most of you guys are running after materialistic women and women out of your league. One of my friends wasted time doing so, and lost big time.. fortunately he found a nice woman who was within his league and not materialistic, they are happily married now.
But the main problem is Nigerian economy is not a job creating economy. That makes relationships transactional far too many times and it is effing awful
So why are you not committing to promoting the better option of the two main parties to deliver a job creating economy based on comparative results of both sides in government for the past 26 years
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.
Samade7: Who told you say is everywhere in naija that is bad?
Besides, can you compare naija and anywhere in world in terms of jolli?
Una go dey two corners dey talk trash
What % of Naija is not bad, where people are drinking water from sewage septic soak away tanks leaking into boreholes, because they are doing jolly jolly with the rogues who steal money that should employ engineers, administrators, technicians etc to make pipe borne water available for everyone?
What % is your estimate
Lawmaker scores Lagos Water Corporation low
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.
SmartPolician: This man has raised fundamental issues that every sane government should fix in the country.
Thank God I didn't expect anything from this government because you cannot give what you don't have.
How is this government, or any government at the local, state or federal level different from the people who ultimately own it, and who allow a few to emerge from among themselves into public office?
Can any government ever get into office and remain there without doing what the people want? The people who ultimately have sovereignty and allow a few to exercise it temporarily on their behalf?
If that’s the case then why are you not working on enlightening everyone in your own sphere of influence and beyond to become the dominant public opinion that must be followed by politicians who want to serve the people in public office?
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.”
anonymous1759: Supporters of Trump will still blam BAT for their over grown baby.
Please would you be willing and able to explain how supporters of Trump are responsible for ebilokan’s failure to deliver on his promise of crashing petrol price below the level in January 2023?
El Rufai is right in saying that ebilokan is the worst disaster of a president, which ebilokan himself unfortunately confirms even as he mocks us and brags about his ability to buy politicians’ loyalty with money stolen from subsidy savings and increased tax burden on the poor.
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.
ceejay80s: We have refinery and we have the crude oil , so wetin concern Iran abeg?
Now tell me that USA fuel price in America has increased too because of the war or tell me weda Iraq that has crude oil too price has increased in their country
Me sef dey wonder for my corner o.
Moreover, the windfall of the oil price increase should be used to make petrol cheap locally, first and foremost before we allow the president to buy more luxury for himself while dashing us palliative bread instead of jobs promised.
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.
What is there to gloat over when the south, and especially the southwest has regressed (fa sẹ́yìn) in free education for all children as we use the lack of education progress in other regions to divert attention away from the failures of our local looters who are hailed as tribal leaders and champions?
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.
TallNigerian: We will start celebrating one region over the other and gradually turn this thread into a tribal battleground.
Whereas, it should be a moment of introspection and reflection for all of us.
90% in North West/East is worst enough, 34% in the South West isn't great either with all the potentials, level of exposure, and free primary education the region boasts of.
So what is limiting our potentials in this country? We all know the answer but we like to think the average Igbo, Yoruba, Hausa, Tiv, Ikwere, or Ibibio man is the problem.
You have spoken well sir and identified our main problem. Stay blessed.
edet19892015: Unless you understand your role in society, you can never make any meaningful contribution.
According to the Greeks, they are three types of people on Earth, 1. The idiots, 2. The tribesmen, and 3. The citizens.
Studies show only 10% of Africans are citizens. The remaining 90% are either tribesmen or idiots.
1. When the Greeks used the word "Idiot", they did not use it as a curse word. Idiots are people who just don’t care. If they sit for exams, they will cheat. If they are in government they will steal.
An idiot does not care at all, if he eats bananas he throws the peels anywhere instead of putting them in a trash bin.
IDIOTS won't attend monthly neighborhood meetings. They won't pay security dues. They won't contribute to community development. Even when they see or know about something that will harm others in the community they won't report it. When they see/know/have something that will benefit their community they won't share.
In fact, Idiots don't care to register for or vote in an election, yet they complain the most. If they register to vote, IDIOTS will sell their votes for peanuts.
According to the Greeks, some societies have more idiots than tribesmen and citizens.
2. The next set of people are "Tribesmen", these are people that look at everything from the point of view of their tribe.
These are people that believe in you only if you are part of their tribe. It can be terrible to have a tribesman as a leader, he will alienate the rest.
When the Greeks talk about tribes, it’s not just about ethnicity, they also consider religion, gang membership, group membership, party membership and even cult membership as a tribe.
A great percentage of Africans are tribesmen, because they view everything from the point of view of their tribes. They trust only their tribesmen
3. The last group are "Citizens". These are people who like to do things the right way. They will respect traffic light rules even if no one is watching them.
They drive within speed limits. They respect the laws, and won’t cheat in exams. In government, they won’t steal. They are compassionate and give to others to promote their well-being.
Citizens often promote projects that benefit everyone. The Greeks called this group "The Citizens".
Some countries have more citizens than tribesmen and idiots, others have so many idiots.
A tribesman can become a citizen through orientation. And an idiot can become a citizen by training and constant enforcement of the law.
But things fall apart if you elect an idiot or tribesman to lead you if he has not been reformed.
Where do you belong? Are you an idiot, a tribesman or a citizen? Reflect on your life. Reflect about your immediate community, city, state and nation.
specialmati: you will receive 30 bullion vans from Agbero chairman by this time tomorrow
MC Oluomo , the chairman of NURTW agberos will deliver, as the enforcement officer of Agbero Poverty Congress, APC is bringing the bullion vans from Bourdillon sharply.
Tendd: Buhari's leadership was the worst ever.The economy and finance were in shambles and over 63.000 Nigerians were killed under his regime.Thousand were displaced and many fled outside of the country.Many who ran to Benin Republic from Ogun state are yet to return to their homes.Rape was common.The grannies in Ondo and Oyo states complained bitterly that they were being raped in their farms.
So far Tinubu has not done very well and is likely to fail but he still has much time to prove himself.Campaigning now for re-election is unnecessary,let his work speak for him.
Buhari was worse than Jonathan, who remains the best president in comparison to Yar’Adua and Obasanjo sef.
This is why El Rufai appropriately called ebilokan the worst of the lot.
Do you know what RISING means in comparison with the past?
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.
ManOfSon: This man was he dead when Buhari was President?
Comparative analysis sir.
- Bad - Worse - Worst
Do you have Yorubas fighting for food and dying in stampedes during Buhari’s government that was worse than the best government of Jonathan?
Did ebilokan not claim his own turn in Aso Rock because he used propaganda lies to make Jonathan a one term president and replaced him with a corrupt and incompetent northerner? How can you replace a southerner who is the best president, with an incompetent northerner that you called expired four years earlier? Is it possible for you to logically explain how and why
Omooba77: The association, in a statement on Sunday by the NAS Capn, Dr. Joseph Oteri, said these needless deaths, a grim reflection of the desperation gripping many Nigerians, underscore the rising hunger and economic hardship that has engulfed the nation.
The National Association of Seadogs (Pyrates Confraternity) says it is deeply saddened by the tragic loss of over 60 lives in Oyo, Anambra, and Abuja during recent palliative distribution stampedes.
The association, in a statement on Sunday by the NAS Capn, Dr. Joseph Oteri, said these needless deaths, a grim reflection of the desperation gripping many Nigerians, underscore the rising hunger and economic hardship that has engulfed the nation.
“While we commend the government's effort to alleviate the plight of vulnerable citizens through palliatives, it is evident that these measures have been marred by inadequate planning, poor coordination, and lack of accountability,” it said.
According to the group, the chaotic scenes that led to the fatal incidents are an “indictment of the systemic failure to address the root causes of hunger and poverty”.
The group noted that rising hunger in Nigeria is a national emergency that demands urgent action.
“Failure to act decisively will deepen the crisis, with devastating social, economic, and political consequences,” it said.
“We mourn with the families of the deceased and demand that the government ensures accountability for this avoidable tragedy. Hunger should never be a death sentence in a country blessed with abundant resources.”
“It is time to rise to the challenge of ensuring that every Nigerian can live with dignity, free from the scourge of poverty and hunger,” it added.
Therefore, the association called on all levels of government to urgently prioritize sustainable solutions to the hunger crisis.
It said, “Palliatives must reach the intended beneficiaries without endangering lives. Transparent and well-organised systems, with the involvement of community leaders and credible NGOs, should be put in place to avoid chaotic distributions.
“Beyond temporary relief measures, the government must develop long-term strategies to enhance food production, support local farmers, and stabilize food prices.
“Programmes aimed at addressing the needs of the most vulnerable must be scaled up. Access to affordable healthcare, education, and social safety nets is critical to lifting millions out of poverty.
“Policies that create jobs and enhance income-generating opportunities should be fast-tracked to reduce dependency on palliatives.”
The association noted that two of its chapters in Edo State (Area 3) recently had successful palliative programmes, during which over 2,000 underprivileged persons were fed.
It added that one of the key components of the programme was orderliness.
EmperorIsaac: Not the worst, but 100% operating below expectations!
Ebilokan said himself that he is the worst after using propaganda lies to hit the ground running helter-skelter for increased tax burden in addition to subsidy removal
How can you assess him differently than he has assessed himself
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.
Thunderfayamods: Lmao 😂🤣🤣😂 look at disaster calling another person disaster all because you couldn't get ministerial position.
Do you need a refresher on comparatives- bad, worse and worst?
Thunderfayamods: Have you asked the governor of your state what he has done with the allocation the state gets?
What gives you the impression that he is not a Lagosian who knows how ebilokan is firmly in charge of the lootocracy that is packaged in propaganda lies as progressive governance
Babasessy: The Awolowo rebirth in the Southwest has inspired gongs, songs and rhetoric of sorts. But they have missed one point.
It occurred to me in Abeokuta last week amidst the big crowds and euphoria of the swearing-in of Senator Ibikunle Amosun as governor. In all the states from Lagos to Edo, where Awo has witnessed ideological resurgence, hardly a single family member has played a role.
So we have an Awo family without an Awo. That is an irony. But history overwhelms us with this sort of twist. Obafemi Awolowo toiled for his reputation. His roots were lowly, he toiled to school both home and abroad, launched into careers in law, business, journalism and eventually politics. He carved a niche for himself, and became the first methodical and charismatic leftist in our history. Other leftists abounded but they did not inspire comparable drama and following.
He faced tribulations, went to jail, failed in elections, won a few, but he imprinted his ideas and legacy in the country, and no single mortal has beaten him in the history of this country. His greatest achievement was in the area of ideas, and that was how he fashioned a family. Most families are born of biology but his issued from ideology. That family suffered with him.
In a spoof of Jesus Christ, these were the men who followed him in his teachings, and endured with him in his temptations. So he formed a kingdom for them in the Southwest, in the old Western Region, presiding over his projects, his legacies and people.
In all of these, the family he had was not his flesh and blood. In another spoof of Christ, who were his family anyway? Those who were with him must be counted as his family. So, I combed in the ambience of Babatunde Raji Fashola (SAN), and I found none. I went to Ogun, I frisked the crowd under Amosun’s bower, hardly any. Around Ogbeni Rauf Aregbesola in Osun, I could not lay a finger. With Governor Kayode Fayemi in Ekiti, where are the forbears of Awo? Yet, I can hear the chants of Awo. Hardly in any of the inaugural speeches or any of their other public intervention would you miss the philtre and filter of Awo from these gentlemen. To parody Novelist Joseph Conrad, they are the sparks from Awo’s sacred fire, the messengers of the might within the man.
Already all of them are pursuing the legacy ideas of Awo: free education, free health services, infrastructural development, urban renewal and economic engineering.
Lagos has posted itself as the John the Baptist. The others are putting up valiant efforts, and the world of course is watching to see how well they will perform. It will call for great work, resourcefulness and cooperation. They are the real Awoists, and Awo was a man of rigour and vigour.
The Awo son that many expected to take after the father was Olusegun, who unfortunately died in a car crash. We shall never know if he could have pulled it off. But the others have not shown much of the paterfamilias’ brio and depth. In the past decade, under this republic, they have blended with the wrong crowd. Even H.I.D, hobnobbed with Alao-Akala, who brought illiteracy to governance; with Oyinlola who turned the grace of office into a hell-hole of despots; with Daniel who could not arrest his quick fall into megalomania.
I wrote once that this woman whom Awo once described as the jewel of inestimable value has lost value to his cause. If he came back to life, he would have committed the extraordinary act of divorce after death. Even his newspaper, The Tribune, has so stumbled and fallen that it swims in Awo’s vomit.
Cherrybae: Food for obedients. This man would caused this Government more harm than good.
He will be retired permanently in 2027.
Is this what ebilokan had in mind when he delegated Chatham House questions to him, along with others because the Lagos waterless master plan owner was and remains cluelessly incapable of making any meaningful progress in governance. Zero progress since 1999 in Lagos on basic government services and public utilities.
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.
Tinubu also delegated a former Commissioner for Finance in Lagos State, Wale Edun, to respond to a question on how he (Tinubu) would boost the economy if elected.
Others, including the Speaker of the House of Representatives, Femi Gbajabiamila; former Ekiti Governor, Kayode Fayemi; APC National Women’s Leader, Dr Betta Edu; also answered questions.
Tinubu said: “Let me demonstrate here one of those philosophies and doctrines that I believe firmly in, it is team-ship, unbreakable team. To demonstrate that, I’ll assign it to my team.”
How is he crying more than the 200 million Nigerians who are suffering the rising inflation, insecurity, unemployment etc from ebilokan’s clueless corruption and incompetence that has made Buhari suddenly look like a sterling performer?
Can you please explain how we are all not crying more than the former Kaduna governor who ebilokan delegated Chatham House questions to on insecurity after he had relied on him to secure northerners’ support?
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.
'Ilorin models' - you mean inefficient, old school tractor that breaks down so often and without enough spare parts around.
And were the so-called Ilorin models manufactured in Nigeria.
Where in Nigeria is the steel works where the various parts are forged.
See questions of entitled mindset.
Why did you fail to answer how our forex will ever improve if we keep importing tractors and everything else? Any idea? Abi you are just happy to be forever inferior to other races, even your unborn generations? I thought God made all of us in His image ,hence we are equal in fundamental intelligence, no be so
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.
commoditiesnig: Very welcome development.. Just stumbled on watching the live commissioning.
Mechanized Agriculture and food production is very critical to a nation. Kudos to the FG on this.
Let the tractors and co get to work asap.
How much farming output will pay for the imported tractors?
How much will pay for locally produced and simpler tractors based on NCAM Ilorin models?
Which of these two options will help ebilokan achieve the N300/$1 short term goal that he has missed after two years of hitting the ground running. Where has he been running to all these past 25 months? Do you know
anonimi: World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate
April 23, 2023
The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*
“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.
“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.
codemaniacs: This has nothing to do with emiratis, qataris e.t.c.
the people that are out of school and extremely poor in Nigeria are in northern Nigeria and they are out of school because to their politicians and parents education is a sin and a crime... they are poor because the northern region they live in and are from has always been poor and has deficit balance of payment... they are suffering from generational poverty that can never be solved...
You said Nigeria has highest number of out of school children and extreme paupers and I answered you but you are talking about qatar and emiratis then that means the discussion is beyond your intellectual capacity
Are you not the one who used your intellectual capacity to make the comment below
codemaniacs: the b:ritish decided to join an unproductive northern Nigeria that had a deficit balance of payment with the productive southern Nigeria that had and still has and always has a surplus balance of payment in order to use southern Nigeria's wealth to create an illusion that northern Nigeria was doing okay and disguise unproductive nature of northern Nigeria.
there can never be a better Nigeria because Nigeria consists of different countries within it.. so the whole of Nigeria cannot suddenly become progressive at the same time, some states will always be more productive and developed than other states especially in a country where some politicians believe education is a sin and crime..
as long as northern Nigeria exists there will always be extreme poverty and out of school children because they have always been in poverty.. the allocations that go to northern Nigerian are actually meant for southern Nigeria states but the money southern Nigeria makes is so much that it can fund 19 states in Nigeria.
even Gowon said the money was too much and they did not know what to do with it.
in your family, do your siblings earn the same amount as salary as you. are you all living in mansions?
before you talk about Nigeria been poor just remember that one side of Nigeria called northern Nigeria has always been poor..
ppogba: If with your little patch patch education you are still wailing over the price of petrol going up and down from time to time then, your case is irredeemable. Common sense should apply here.
Why not look for something else to wail upon like the NELFUND loans for students for example.
The market woman on the street already what is going on in the international space.
Is this why you don’t want the market women to remember how ebilokan promised to crash petrol price in January 2023?
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.
Is this increase for petrol supplied by NNPC’s Warri and PH refineries that have been operating since 2015?
Abi that was just another propaganda lamba from ebilokan’s APC party?
Port Harcourt, Warri refineries commence production, says NNPC
July 30, 2015
The Nigerian National Petroleum Corporation (NNPC) on Wednesday announced that Port Harcourt and Warri refineries have successfully restarted production after a nine-month phased rehabilitation programme.
Re-streaming of production at the two facilities followed the completion of technical repairs by in-house engineers and technicians, the NNPC said.
The Spokesperson for the corporation, Ohi Alegbe, said both plants commenced preliminary production of petroleum products after successful test-runs.
He said Port Harcourt refinery has already raised its operational capacity to about 60 per cent of its 210, 000 barrels per day (bpd) capacity, while production at Warri refinery was projected to hit 80 per cent of installed 125,000 bpd capacity.
Mr. Alegbe said the Port Harcourt Refinery was projected to boost the nation’s local refining capacity with a product yield of five (5) million litres of petrol per day, while Warri Refinery would contribute about 3.5 million litres of petrol to local refining capacity.
codemaniacs: the b:ritish decided to join an unproductive northern Nigeria that had a deficit balance of payment with the productive southern Nigeria that had and still has and always has a surplus balance of payment in order to use southern Nigeria's wealth to create an illusion that northern Nigeria was doing okay and disguise unproductive nature of northern Nigeria.
there can never be a better Nigeria because Nigeria consists of different countries within it.. so the whole of Nigeria cannot suddenly become progressive at the same time, some states will always be more productive and developed than other states especially in a country where some politicians believe education is a sin and crime..
as long as northern Nigeria exists there will always be extreme poverty and out of school children because they have always been in poverty.. the allocations that go to northern Nigerian are actually meant for southern Nigeria states but the money southern Nigeria makes is so much that it can fund 19 states in Nigeria.
even Gowon said the money was too much and they did not know what to do with it.
in your family, do your siblings earn the same amount as salary as you. are you all living in mansions?
before you talk about Nigeria been poor just remember that one side of Nigeria called northern Nigeria has always been poor..
Lazy people blame their tools instead of working on their goals.
Did Indians stay together with Pakistanis at independence 13 years ahead of us?
Did Bangladeshis not fight for independence from Pakistanis a year after our civil war ended?
What of Singaporeans who separated themselves from Malaysia five years after our independence?
If and when we are ready to go our separate ways, we will ALL work for it. Until then we should stop complaining and flourish with the entity left behind by the British. That is how Qataris and Emiratis are doing since 1971.
Image123: Tosan Harriman is in the best position to answer this as an eye witness. Atiku corroborates his part though. His mentor, Shehu Musa Yar’Adua convinced him, at a critical SDP meeting. To prevent a split vote that could favour Kingibe, to ensure party unity, and boost Abiola’s chances across regions.
He still tells the North to vote for him because he's a northerner, it's plausible he did same at the primaries before the stalemate where his mentor came in.
Was that before or after ebilokan told Yorubas to vote for him in Abeokuta while campaigning for APC primaries, because it is the turn of Yoruba la?
Image123: Besides, during the primaries Atiku and kingibe were already blackmailing delegates not to waste their votes insisting that if MKO wins the military will not handover. Their argument was that the military establishment then can only handover to a northerner. So it was obvious they knew the game plan.
So why did Atiku step down for Abiola as stated by Alake here >>
TimeManager: Aside from actively supporting MKO Abiola and being one of those that convinced Atiku Abubakar to step down for him,
On the other side of the aisle, Arthur Nzeribe, Uche Chukwumerije had already registered ABN and were waiting with their foot soldiers among whom was Peter Obi who served the Justice Bassey Ikpeme's court order barring NEC to conduct June 12th elections.
In what capacity did Obi do this? Was he a court bailiff
Is the governor paying minimum wage to primary school teachers who are enough to have every Imo child in free schools, abi e dey wait for Very Brave Man (VBM) aka VDM to protest with children first before he does the needful?
What is the sense of prioritising roads without having every single child in free schools
Image123: Wow, using children for protest? This is so unreasonable.
Two wrongs don't make one right. No one will correct him, but they'll come out to lament if the police or government does anything. This fellow looks for attention so bad, it seems he's trying to hide something under government persecution. Whatever he does, people will say government is getting back at him or setting him up.
Why is Wike giving him the opportunity to get attention by failing to pay teachers their money?
What is Wike doing with the increased revenue if he can't pay teachers? Does he not appreciate education in addition to being a rogue
So sad to see how some of us have no qualms showing our 200 million mumu credentials.
Wike will now be forced to intervene in this matter
Is it not time for the bricklayer lawyer who hypes himself as Mr. Project to focus on the software of governance by not just paying existing teachers but employing more, a lot more to ensure every FCT child can be in free schools.
What is the point seeing projects when you have to struggle to pay school fees on top of hyperinflated goods and services in the market?
How did we lose our guards to aceept the abandonment of this foundational element of government at the local and state levels?
Imagine Lagos state having only 5% schools owned by the government after 26 years master plan of looting by ebilokan
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.
joceey: That's true Nigerian love strangers and can render help to them no matter the situation
What choice do poor people who are deprived of the basic amenities and utilities of life as well as government services have? What option do we have than to be super friendly to strangers with money?
Ugly babe wey no dey friendly, na how e want take get guy to helep am lubricate the place
Timmi: What you need to realize Oga anonimi is that the Nigerian in diaspora remitted Billion of Dollar to the Nigerian economy annually.
You can google diaspora remittances, and you will the World Bank compiled data to buttress this assertion. The Nigerians in diaspora are doing Nigerians good in their professional endeavor while contributing enormously to the Nigerian economy.
What will happen if all employees outearn the value that they create/add to the bottomline of the company
Can you understand how this analogy applies to the miserable crumb of remittances by diasporans to our own economy? How likely is it that their children and other descendants in the diaspora will do remittances to Nigeria?
Benrosaria: The reason they opened their bothers for student visa. Took all our wiz and pros in tech and health sector, leaving us in ruins.
It's fine
Nigeria will still shine again
When did our country shine before?
What were the things that made us shine that time?
Will our country shine again because you simply said it? Or will we shine again because you are working hard to recreate the past conditions that made us shine?
Past conditions like free education for all children, water supply, electricity supply etc.
Potable water still luxury 23 years after return of democracy
WHILE the Federal Government continues to proliferate the country with dams, it is such an irony that a state like Lagos, with its massive, constant boast of being a megacity, cannot provide its residents, thereby forcing the bulk of them to take solace in the arms of water boreholes.
At regular intervals, the two major waterworks in the state, the Adiyan, and Iju get grounded leading to the non-availability of water. In April and May last year, for instance, they both produce less than 10% of their installed capacity.
As of today, Eti-Osa, Apapa, Victoria Island, Badagry, Ibeju Lekki, Surulere, Ikorodu, Agege, Ojo, Mushin Kosofe, and most locations in the state are without access to clean water. Consequently, millions of residents now rely on boreholes, rivers, rainwater, as well as comprised wells for their water needs.
On its website, the LWC claims that it has a total installed water production capacity of 210 million gallons per day (MGD), which is far lower than the current estimated daily water demand of 540 million gallons per day.
Also, its plan to produce 745 million gallons per day by the year 2020 through the Lagos Water Supply Master Plan fell flat with the actual number of citizens having access to potable water dropping, rather than increasing 11 years after the launch of the master plan.
A senior staff of LWC, who preferred anonymity said that at present, its agency only supplies water to Lekki, parts of Ikoyi, Victoria Island (VI), Ojodu, Iju, and some parts of Ikotun.
Fred2020: God bless the Nigerians keeping us on the world map for all the right reasons — from tech to talent, sports to style, and vibes to victories. You're the real MVPs!
Could you please explain how this will work miraculously for our country to get out of the ugly mess of having the highest number of extreme poverty paupers and children who are not in school?
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.
Politics › Re: Nigeria's FX Reserves Rises 17% In 18 Months by anonimi: 5:46am On Jun 24, 2025
