Kemetian: Soludo, can you see how your son is chilling on the paved sidewalk with no open gutters?
Why can’t you build roads the same way in Anambra state?
Professor of Open gutter.
Why should he do that when his fellow citizens are not interested in the more important and more basic outcomes of governance in terms of utilities and services that are provided by well paid civil servants?
What % of schools in Anambra are private compared with public schools? Is that the same ratio in Europe and America where Soludo’s son is feeling fly about shining oyinbo congo
What of primary healthcare system and pipe borne water supply between us and the oyinbos?
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.
GOFRONT: Soludo's son now shining a white congo at early stage.......hmmm
This life no balance rara!!
We are yet to see Wike's Son gallivanting abroad
Do you know if oyinbos will be salivating at shining black congos too, seeing how they ostracised Prince Harry’s mulatto wife and kids
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.
Tradepunter2: That's where Satan will come out from
Satan that is a messenger of God like we saw in the Job (Ayuba in Islam) story and is how he is perceived in the Yoruba way of relating with Apostle Paul's Unknown God
axglide: I pray someone builds a school for free in that axis for them. With Jesus Christ the World is a better place
Is that how you simply prayed for success in your school exams without studying to disprove God's commandment that we must work and sweat to earn a living, which is the same thing as faith without works is dead.
EdiskyHarry: Wow, if there's anything I'll be grateful to my Akwa ibom State government, it's all about my education. I never paid shishi through out my primary and secondary school, Even waec, text books and other essential things were all free.
God bless obong Victor attah, God bless Godswil akpabio, God bless udom Emmanuel, God bless Umo Enoh and God bless Akwa ibom State.
Before we join you to say amen, can you please say what % of Akwa Ibom schools are public compared to the % that are private.
Neweramify: That story is both heartbreaking and powerful. It highlights the deep sacrifices some families make for education, especially in places where poverty is widespread and school fees are a burden. The grandmother bringing live chickens shows the value she places on her granddaughter’s future it’s an act of love, desperation, and determination.
At the same time, it raises serious questions about access to education. No child should be sent home because their family can’t afford to pay. It’s a reminder that education, though often said to be a right, still isn’t truly accessible to all.
Good morning Nairaland family,
I’m an HND graduate in Accounting, currently seeking job opportunities where I can contribute meaningfully and grow professionally whether within the accounting field or other areas where my skills are transferable. I would sincerely appreciate any leads, recommendations, or guidance. My location is Akwa Ibom State.
Thank you in advance!
Won't it be more powerful for the grandmother to lead others as Fela's mom did to ensure that her local and state government officals prioritise their commonwealth for employing teachers, accountants, administrators, lab attendants, librarians, coaches etc to make primary and secondary schools free for all children
Would this be an issue if we don't hail our tribal leaders who loot money that should make education free for all children, with matching funds from the UBEC established by PDP's Obasanjo/Atiku administration in 1999?
Do you know if Akwa Ibom also has less than 5% public schools owned and run by government? Or the state has more than 5%?
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.
Cubah37: I'm sorry for this! Pls ass1st me with anything. We are dying with hunger. We slept with hunger, wake without hope of how we are going to survive the day. Kids are crying and I'm depressed. Pls kindly ass1st us. I tried my best but life is now unbearable for us. God almighty will hear your prayers as you come to our aid
Just follow Akpabio's advice and you will be fine. Thank me later.
Omicronvaccine: Wherever You See Free Food, Eat It - Nigerian Senate President, Senator Akpabio Advises Nigerians
DSS1335: Civil service is the bedrock of corruption, there are people who Jappa-ed from Rivers state civil service after Nyesom wike conducted biometric verification in 2019. More than 5 years they are still receiving salaries
How is wicked ologogoro Wike not a worse bedrock of corruption since he has failed to use the TSA exempt revenues of FCT to employ workers that will ensure our federal capital has pipe borne water in all buildings
And enjoyment of free food palliative for 200 million Nigerians who are worse off on inflation, unemployment, underemployment, insecurity, corruption etc since ebilokan made his expired soldier to replace OTP Jonathan in 2015.
Glimpsetv: A large crowd of Lagosians was filmed in a long queue struggling to collect a loaf of bread. To maintain order, several military personnel were on the ground to control the crowd. This has triggered a lot of reactions online.
Watch the video, share your thoughts in the comments.
It is noted that ebilokan failed to achieve his reduced dollar rate promise, just as he has failed to achieve any of his other promises.
Is that how he is continuing APC failures legacy
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.
Putindbutt: Touch not my boss Atiku and do my thief master no harm Mikano boys
Touch not your propaganda and do your lies no harm.
Mikano is not owned by Atiku or anyone related to him. If you have evidence to the contrary, please provide it otherwise keep your propaganda lies to yourself.
Moreover, the generator business sector should have been crippled and wiped out completely if All Promises Cancelled, APC was filled with people of integrity who do what they say instead of just being thieves, crooks and criminals posturing as redeemed saints in Oshiomole's Association of Past Criminals.
pendy79: Lagos State Governor, Mr. Babatunde Fashola, on Sunday evening boasted that he could provide uninterrupted power supply to Lagos residents between six and eight months.
Fashola spoke at the commissioning of 8.5 megawatts Lekki Independent Power Project (IPP), the fifth of such power projects in the last five years in the state.
The governor said the addition of the Lekki IPP was a testament to the fact that stable power does not require rocket science to achieve in the country.
While challenging power distribution companies in the state, Fashola said, “Let the Eko DISCOs sign a contract with me, giving part of their concessioning to the state government, in about six to eight months, there will be power in all homes in Lagos State,” Fashola said.
He added, “So, let no one say that he has no money to deliver power for the entire country. This is the limit to which the law allows us to do, but we have done this to make a statement that power can be generated. So, when they come with lies that power is impossible, you can tell them that we have power here; we make it possible”.
The project, courtesy of the state government, in partnership with Heritage Bank, is to serve Lagos State Water Corporations in Lekki Phase 1, Oniru, Victoria Island and Ikoyi, as well as over 25km of public lightening in the Lekki axis.
Commissioning the project, Fashola said he felt fulfilled with the conduct of youths that delivered the project, despite the difficulties in getting to the finishing point.
He said it also showed that the money to improve the Nigerian economy is here, “since we don’t need the World Bank to come and do this for us.”
Also, General Manager, Lagos State Electricity Board, Damilola Ogunbiyi, said the state had shown that reliable and sustainable power projects are possible through the youths. Ogunbiyi said though it had been a successful story, the state was just scratching the surface in its “aggressive development plan” in the area of power.
Promoter of the project, Faruk Agoro noted that the new IPP was an innovative idea of world-class natural gas-fired power generating facility, sold to the government by youths and it was bought into, to support government institutions, especially in the area of water supply and security.
jaxxy: Africa development bank is there we have nothing to show for it, we have jumped to Asia infrastructure investment bank. Looking for different ways to avoid accountability and address corruption in government.
Do you think that the switch to Asian bank is because Adesina is leaving AfDB soon, and ebilokan needs new sources of loans to pile on our heads
Islie: Nigeria's Debt Burden Swells: Each Citizen Now Owes N624,527, Rises By 63% Under Tinubu Administration
Nigeria's public debt has surged significantly, with the amount owed by each citizen increasing by 63%, according to a review of the data released by the Debt Management Office.
When President Bola Tinubu took office in June 2023, the country's debt stood at N87.3 trillion. However, by September 2024, this figure had ballooned to N142.3 trillion, representing a substantial growth in the nation's debt burden.
According to population data from the World Bank, Nigeria’s population as of 2023 stood at 227 million.
With the total public debt standing at N87.3 trillion as of June 2023, it would mean that debt per capita (that is debt owed by each Nigerian), stood at N383,000 as of June 2023.
With the current total public debt standing at N142.3 trillion, it means that the debt per capita surged to N624,527 per Nigerian as of September 2024.
This amount is nine times the country’s minimum wage of N70,000.
Nigeria's debt crisis is deepening, with the country's total debt stock surging to N142 trillion as of September 2024. This represents a 5.97% increase from the previous quarter, driven largely by the depreciation of the naira, which has increased the cost of external debt obligations.
Is Trump also doing CBEX scam of borrowing new loans to pay SMALLER old loans like ebilokan did for IMF and sukuk recently
Agbegbaorogboye: Nigeria recently announced the full repayment of the $3.4 billion emergency loan obtained in 2020 from the International Monetary Fund (IMF), with the final installment paid ahead of schedule on April 30, 2025.
The loan, taken under the Rapid Financing Instrument (RFI) during the height of the COVID-19 pandemic, was meant to cushion the economy against the oil price crash and recession risk.
The IMF has confirmed that Nigeria no longer appears on its list of debtor countries. Nigeria has also never taken an IMF bailout loan. However, while this repayment signals a commitment to fiscal responsibility, Nigeria still owes a total of N74.38 trillion in domestic debt and $44.9 billion in external debt as of December 2024. This is based on the most recent data published by the Debt Management Office (DMO), which has yet to publish the data for the first quarter of 2025.
Domestic Debt: Bonds and Bills Lead the Pack Nigeria’s domestic debt profile continues to be dominated by long-term and short-term instruments issued by the Federal Government:
FGN Bonds: N55.44 trillion Nigerian Treasury Bills: N12.35 trillion Other Domestic Instruments: N3.97 trillion Promissory Notes: N1.54 trillion FGN Sukuk Bonds: N992.56 billion FGN bonds alone make up nearly 75% of all domestic debt, highlighting the government’s continued reliance on the bond market to fund its budget deficit.
External Debt: Eurobonds and the World Bank Dominate Despite paying off the IMF loan, Nigeria’s external debt burden remains substantial. As of December 2024, total foreign debt stood at $44.9 billion, with the top five creditors being:
Eurobond holders – $17.32 billion World Bank (IDA) – $16.56 billion Exim Bank of China – $5.06 billion African Development Bank (AfDB) – $2.10 billion IBRD (World Bank) – $1.24 billion
Notably, Nigeria’s exposure to commercial debt markets through Eurobonds means higher interest costs and increased vulnerability to refinancing risks.
While the principal IMF loan has been cleared, Nigeria is still obligated to make annual payments of around $30 million in Special Drawing Rights (SDR) as part of service charges and administrative fees until 2029.
These charges are standard for IMF facilities.
Still, the repayment improves Nigeria’s image in global financial circles and may help its case in future multilateral and bilateral negotiations.
Why Is the Debt Still Growing? Several key drivers explain the growing debt pile:
Currency Devaluation: With the naira trading around N1,550/$1, dollar-denominated debt now translates to more in naira terms.
High Budget Deficits: The federal government continues to finance large deficits by borrowing both locally and abroad.
Refinancing Needs: Maturing short-term securities like Treasury Bills mean that existing debt is often rolled over or refinanced at higher costs.
Which one is worse between deadly rice and fake rice pyramids
SCAM OF THE CENTURY: GOV. AMOSUN DISPLAYS BAGS OF SANDS AS PYRAMID BAGS OF RICE DURING CHRISTMAS TO DECEIVE CBN GOVERNOR WHO RELEASED N8 BILLION LOAN FOR RICE PLANTING
December 21th, 2017 was a memorable day in Ogun State as the Ogun state government launched its MITROS rice, her own version of the LAKE rice. Secret Reporters reliable sources captured several dignitaries from across the country who graced the occasion. Among whom were, the CBN Governor Mr Godwin Emefiele, Kebbi State Governor Alhaji Abubakar Bagudu and other dignitaries who were present to launch the rice project.
At the event, Governor Ibikunle Amosun revealed that the rice had different varieties and they were all planted within the state by the state government. Part of the rice farm was located in Sawonjo in the Ogun West Senatorial district of the state. The governor further revealed that the state government has harvested and processed a total of 110,000 bags of rice translating to 183 trucks of rice at 600 bags per trailer.
It was however shocking when our source revealed facts about the lies and deceit involved in the said MITROS rice right from the venue of the launch. It was revealed that no rice of such quantity was planted in any part of the state and none of the rice mills displayed during the launch were functional. The little ones displayed by Amosun are the ones he bought from different sellers across all the markets in the state, then after, was SAND FILLED IN SACKS AND DISPLAYED AS RICE to deceive the CBN into believing that the N4bn agriculture loan has been put into massive rice production. The governor knows there is no rice farm to take the CBN governor to and the total number of bags of rice to be displayed isn’t up to 7,500 which won’t reflect rice production of N4bn. That’s why the fake rice pyramid had to be created to reflect the acclaimed 110,000 bags of rice displayed during the launch which will make the governor access the second batch of the loan. That was why the commissioner for agriculture recently revealed that the sum of N4bn was used to plant the recently launched MITROS rice
Further information gathered by Secret Reporters revealed that the pyramid of rice displayed to show 110,000 bags of rice actually housed not more than 2,500 bags of rice. Furthermore, various insider sources then backed this information with detailed pictures of how the governor, Ibikunle Amosun had deceived the CBN governor and others that graced the occasion.
Redoil: In various voice notes forwarded to our correspondent, the speakers maintained that two trucks of rice were stolen from a neighbouring country and were later smuggled into Nigeria through the Idiroko border and the Seme border.
Nigeria Customs Has made smuggling to kill the economy and it now officially the fastest growing business in nigeria.
How can smuggling be the fastest growing business compared to the rice pyramids APC showed us in Ogun and FCT
The Biggest Rice Pyramids in Africa. Built with 1million Bags of Rice Paddy planted and harvested from states across the country under the Anchor Borrowers Programme ABP.
CBN is matching rice millers with RIFAN to off-take the paddy, mill and supply the Nigerian markets. They have set up machineries to prevent hoarding and ensure the milled rice are sold to Nigerians.
The paddy recovery is an ongoing effort as harvests are never concluded at the same time. Aggregated paddy for the pyramids is a fraction of the recovered paddies and the ones used at the unveiling represents about 25% of the loan amount.
Agbegbaorogboye: Zombies don't see anything wrong with body shaming now since it's coming from their gods Just imagine if it was an opposition politician that insulted a Ganduje calling him Abetiaja, they will remember omoluabi principles and need for decorum
Meanwhile is Lere not eating Wike's money as well? Or is he working pro bono. Oh I forgot. He's actually eating Nigeria's money through Wike to be an attack dog for Wike
Lere is just a hypocrite like his paymaster, the wicked oplogogoro Wike. They should be ignored by wisemen except to expose their hypocrisy and propaganda lies.
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.
Lanruze: Irrespective of jokes and jabs, I think Alhaji Atiku Abubakar is being just selfish and unrealistic with his ambition.
Everybody I mean everybody advising him to content are purely deceiving him- In simple terms ; Alhaji Atiku Abubakar cannot win the 2027 election as it stands today.
No where in Southern Nigeria can he boast of 20,000 as at today, so why attempt a project that is evidently dead-on- arrival ?
Throw your full weight behind Peter Obi and you get a Northern Candidate in your bag in 2031.
Please how was Atiku selfish and unrealistic in 2003 when he allowed Obasanjo's reelection instead of succumbing to nortehrn pressures to be their candidate and unseat his boss?
Was that not the first time Abacha's PTF a-looter comrade asked us to make him president with Chuba Okadigbo as running mate?
How was Atiku more selfish and unrealsitic than wailing Wike who remains pained that he shot himself in the foot two years ago?
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.
myrates: Very good development. Meanwhile, policy to immediately vacate a defaulting tenant within 7days without long court procedures should also be vigorously enforced as it's obtainable in western world where we have monthly rent payment system,shikenah....
Is it also obtainable in western world to drink faecal water from boreholes in the same compound as soakaways, because the governors are stealing money that should have employed technicians, administrators, engineers etc
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.
tenpipsperday: I hope Lagos have enough houses to rent to people on monthly basis o
Yes nah.
Ebilokan and his placeholders built millions of low cost houses over the past 26 years of high IGR, loans and allocations plus PPP projects since they are redeemed saints of Oshiomole's Association of Past Criminals, APC.
Owaincouncil: How many house did the government built to achieve this or they want to tell me how to charge my tenants on the house I use bank loan to build where collecting monthly rent will have negative impact on the interest been paid back.
This government is insensitive and lack direction.
Very insensitive and lacking in direction for governance but highly skilled in looting the people's commonwealth.
How many low cost houses have been built in A-looter Propaganda Congress, APC's 26 years stranglehold on 20 million smart Lagosians, compared to what Jakande did in just four years before incorruptible military dictator Buhari locked him up for stealing? Why did he hand over to the master planner of Lagos looting in 2023 instead of letting him rot in jail
eluquenson: REVISITING SOME OF THE LATEEF JAKANDE'S GOVERNMENT ACHIEVEMENTS FROM OCTOBER 1979 TO DECEMBER 1983 (FOUR YEARS AND 3 MONTHS) IN LAGOS STATE
* His government built Lagos State University
* His government established General Hospital in zones all over the state with assurance of free health care.
* His government established Teacher Training College and the College of Education.
* His government built low cost houses in Ijaiye, Dolphin, Oke-Afa, Ije, Abesan, Iponri, Ipaja, Abule Nla, Epe, Amuwo-Odofin, Anikantamo, Surulere, Iba, Ikorodu, Badagry, Isheri/Olowu, Orisigun etc.
* His government established the Water Management Board and Waste Disposal Board on the 18th of August, 1980.
* His government constructed the Adiyan Water Works to increase water supply in the state to 18.16 million litres per day.
* His government modernized and expanded the Iju Water Works which was first commissioned in 1915. This increased daily capacity from 159 million to 204 million litres per day.
* His government purchased and commissioned the giant car crusher equipment. The equipment was designed specifically to crush derelict vehicles in Lagos State. It had the capacity to crush 45 vehicles per day.
* His government constructed, rehabilitated and resurfaced Epe/Ijebu-Ode Road, Oba Akran Avenue, Toyin Street, Town Planning Way, Alimosho-Idimu-Egbe Road, Idimu-Iba-LASU Road, the new secretariat road and several others.
* His government constructed Victoria Island/Epe Road and thereby creating an ‘oil rig’ for Lagos State.
WHO SAYS 4 YEARS IN OFFICE IS NOT ENOUGH FOR MEANINGFUL ACHIEVEMENTS?
IT'S A FACT THAT 90% OF GOVERNORS IN NIGERIA SINCE 1999 WITH REVENUES AT THEIR DISPOSAL CANNOT BOAST OF A QUARTER OF THESE ACHIEVEMENTS EVEN WITHIN THEIR EIGHT YEARS IN OFFICE.
When will EFCC rightly declare ebilokan wanted for his CBEX teeming and lading fraud in repayment of debts by borrowing more loans?
Repaid IMF and sukuk loans but increased world bank, Afreximbank, sukuk and domestic loans. Yet his tribalistic supporters want us to praise him instead of asking EFCC to declare him wanted.
UK has no hand in Tinubu economic reform policies and the truth is their iss no way to reform an economy without hiccups but at long run it will yield God result However, I support the reform 100%, subsidy will never return so pls try and go look for job to do it will help you alot.
Thanks..
What has ebilokan’s 26 years master plan reforms yielded in Lagos apart from deprivation of basic services and utilities despite squeezing out IGR from the public with high allocation that has not stopped the agbalọwọmeris from borrowing money?
Nigeria decided voluntarily to restructure its economy.
Tinubu could easily have continued with borrowing $10 billion annually to pay for fuel subsidies, and left the dual exchange rate regime that led to arbitrage by companies meant to be producing stuff, and other companies fleeing altogether, leading to further debt and economic decline.
Instead we’ve stopped the subsidies, and even repaid billions of dollars in debt.
Just last week the World Bank announced that Nigeria is currently achieving its fastest economic growth in 10 years.
So nobody forced Nigeria to restructure. It was the smart thing to do.
Buhari didn’t do it because he was scared of the backlash, but Tinubu is a stronger leader.
How does someone with Reflect as moniker tell lies anyhow
FG, states add N57tn to debt in 18 months 12th May 2025
Nigeria’s total public debt rose by N57.3tn within the first 18 months of the current administration, according to an analysis of data released by the Debt Management Office.
The increase represents a 65.6 per cent surge in the debt stock, growing from N87.38tn recorded at the end of June 2023 to N144.67tn as of December 2024.
President Bola Tinubu, who assumed office on May 29, 2023, inherited a debt portfolio that already reflected heavy domestic obligations, including a N22.7tn Ways and Means balance from the Central Bank of Nigeria. However, within a year and a half, Nigeria’s borrowing profile expanded sharply, driven by increased local debts and a steep depreciation of the naira.
At the end of June 2023, the DMO reported that Nigeria’s total external debt stood at N33.25tn, while domestic debt was N54.13tn. By December 2024, external debt had jumped to N70.29tn, while domestic debt climbed to N74.38tn.
The rise in external obligations, both in absolute and proportional terms, marks a shift in the composition of Nigeria’s debt, with foreign debt now accounting for nearly half of the country’s total debt stock.
Is he more useless or less useless than Akpabio who said that we should be looking for where to eat free food while they loot us silly instead of employing us and paying us well to provide government services, amenities and utilities?
Omicronvaccine: Wherever You See Free Food, Eat It - Nigerian Senate President, Senator Akpabio Advises Nigerians
Looters must loot, it is their destiny while pretending to be paragons of prudent management and incorruptible saints.
Why is ebilokan doing like those CBEX scammers by paying $100 million to take a fresh loan of $300 million despite removing subsidy, devaluing the Naira, increasing taxes etc
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.
Politics › Re: Governor Soludo’s Son, Ozonna Enjoying Time With His Oyinbo Girlfriend Abroad by anonimi: 1:10am On May 16, 2025
