Sleekfingers: 🤣🤣🤣🤣 That same Atiku ? Inasmuch, I won't vote for Peter Obi, but I believe Peter Obi will do better than that oloju dudu called Atiku. Nigerians are just too docile and gullible. No wonder their leaders are playing them like Yo-yo.
Peter Obi believes that Atiku is a far better candidate than he is in governance hence why he was his running mate in 2019, which was five years after his former Fidelity Bank protege Obiano made him a political IDP after his failed attempt to be his godfather.
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.
Cj4charles: And you expect the price of goods to come down
Yes, we are expecting omoluwabi Tinubu to do what he promised. Are you not expecting him to be a man of honour Why not?
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.
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.
Flangelo12: Price of oil in the international market has gone up in tbe pasf week. Oil is an international commodity and it's byproducts would reflect that change in the price of oil. For those of you that love Trump, see news the From the US today.
Federal minimum wage per hour in Nigeria 404-435 naira( roughly about 0.24-0.26 dollars) Federal minimum wage per hour in the US 7.25( roughly about 9,653 naira)
Price of petrol per liter in Nigeria is 1,300 naira Price of petrol per liter in the US is 1 dollar
Do with this information as you please.
For me;
The implications is that. U need several hours of work in Nigeria to buy a litter of fuel while your 1 hour work in US can buy you several litters of fuel.
PlasmaTV: If you're an APC member, just flash your card at them at the fuelling station and they'll sell to you at N400/ltr.
At the rate people are angry these days, the APC member's face may be redesigned into something that looks like that of a boxer after he is beaten thoroughly in a match.
“You no dey shame. How you go wear APC cap still dey price goods? Suffer no dey tire you?”👀👀
— Moment people bl@sted a man wearing an APC cap while pricing goods in the market. pic.twitter.com/zdqLcJ2dnT
Sleekfingers: In 1999 , ₦1 million can buy 1. ₦1,000,000 ₦460 = 2,173 bags 2. ₦1,000,000 ₦510 = 1,960 bags
Price of things has been going up over the years . Even if Peter Obi or Atiku become the president, you think cement will go back to 3500 or 5500 naira ? By then , they will be selling at 20,000 naira ,
Atiku's ADC promise is a return to the prosperity of PDP years, by stopping APC's corruption, theft and cluelessness.
"Tinubu made living in Nigeria expensive. I will make Nigeria affordable again" - Alhaji Atiku Abubakar
Epistasis: The past governments really mismanaged our economy. Thanks to Tinubu for helping our country economically.
Is this how Tinubu is helping our country after it was mismanaged by the expired Buhari he begged to make Jonathan a one term president in 2015, after their party invited terrorists to destroy Nigeria?
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.
Thiefobi1: Who is decieving this fraudulent Pandora guy. Imagine Nigeria president sounding like a woman.
Kwankwaso is deceiving him, just like Utomi did in 2023.
Jagaban is master strategist for a reason.
lexylaw40: The “president-elect” saw in Obi's presidential bid, a good chance to reduce the winning chances of the presidential candidate of the PDP, Atiku Abubakar.
The governorship candidate of the Labour Party (LP) in Oyo State, Tawfiq Akinwale, [/b]on Wednesday [b]stated that the “President-elect” Bola Tinubu asked popular economist, Prof Pat Utomi to step down for Peter Obi in the buildup to the 2023 general elections.
Akinwale made this revelation while he appeared as a guest on a radio programme on 101.7 YES FM, Ibadan, Oyo State, while alleging that Obi received campaign funds from Utomi, whom he described as Tinubu's "son."
The LP aspirant, who spoke in Yoruba language, said "In the buildup to the 2023 elections, Obi who had purchased the nomination form of the Peoples Democratic Party (PDP), suddenly announced his exit from the party.
"Initially, Pat Utomi had secured the LP's presidential ticket, but when Peter Obi said he resigned from the PDP and joined the LP. Bola Tinubu, a master political strategist, quickly told Utomi, that everyone knows to be his son to step down for Obi.
"The “president-elect” saw in Obi's presidential bid, a good chance to reduce the winning chances of the presidential candidate of the PDP, Atiku Abubakar.
"What Peter Obi didn't know is much more that what he knows, he started collecting campaign funds from Utomi, while Tinubu was giving the money to Utomi.
"This went on until Obi's presidential campaign got to a stage it went beyond target. Obi was used without him knowing," Akinwale said after announcing his departure from the party.
Obi defected to the LP after resigning his membership of the Peoples Democratic Party (PDP) and also withdrawing from the presidential race under the party.
The former governor consequently joined the race for the party’s presidential ticket, while Professor Pat Utomi, in June 2022 stepped down for him to emerge as the presidential candidate of the Labour Party, LP, unopposed in Asaba, Delta State.
27 out of Nigeria’s 36 states were reported by Buhari himself in March 2016 as having difficulty paying workers’ basic salaries. � Punch Newspapers In June 2016, Buhari again said that 27 of the 36 states could not pay salaries, even after receiving federal bailout assistance. � Business Day +1 An ICPC review confirms that 27 states benefited from Buhari's salary bailout programme, specifically to address salary arrears. � ICPC Some reports at the height of the crisis put the figure at about 29 states owing workers salaries in June 2016. �
Atiku will never be president, like I told you last last you will de activate from this forum.
If Buhari was not the 2011 cluelessly expired person who Tinubu fraudulently sold as APC messiah four years later, then he would have found out why the governors failed to pay salaries, if they are getting more federal allocation and didn’t employ more workers.
I guess he was too busy looting money to bother with that.
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.
Adblg0610: When did we have prosperity. Peace and security? Was is it when
1. Atiku disposed off all FG assets into penury? 2. As Finance Minister, under GEJ, Ngozi Okonjo Iweala announced that Nigeria was insolvent? 3. Was the kidnap of 276 Chibok girls in 2014, a similitude of peace and security? 4. Are you also aware that the Boko Haram insurgency started in 2009, under PDP? What Tinubu is dealing with today is the mess created by PDP’s years of locusts.
If you have forgotten about comparatives, then please read about them again.
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
Itiswell234: Another day to remind us that it is only the opposition that can solve Nigeria's problems. The moment they get into power, the circle continues
Was life not better under Atiku and PDP before Tinubu went to beg Buhari out of retirement to make Jonathan a one term president, after their wicked APC party invited terrorists to destroy Nigeria?
"Tinubu made living in Nigeria expensive. I will make Nigeria affordable again" - Alhaji Atiku Abubakar
Adblg0610: Even if Atiku is reopening the Strait of Hormuz, how he go take do am? What is the source of funding?
Where was the source of funding when we had cheap petrol and low debt burden during PDP's 16 years of prosperity, peace and security? We even had better roads than these APC rogues.
“This is how the Benin–Asaba Expressway looks yesterday, Thursday, August 20, 2026. Look at how cars and trailers are stuck because of the bad road. Mr Peter Obi advised the APC to start fixing existing roads, but instead, they are att@cking him. Instead of Dave Umahi focusing on… pic.twitter.com/k3V0eCNOo8
carzeem1: When they fall out of favour with aso rock, they remember all the solutions to Nigeria's problem.
How and when did he fall out of favour with Aso rock, which is occupied by the friend he helped with office space for his 1999 campaign after he was allowed to replace Engr. Funsho Williams as AD candidate. Back then Tinubu was very broke, after America seized $460,000 drug money from him.
HacheNoire: Simple question and they will write a paragraph to answer it. Ask them which court of law convicted His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) of a crime and they will write another paragraph.
How many paragraphs did Keyamo write below on Tinubu's indictment and forfeiture?
How many paragraphs did Reno recite in his Chicago documentary below?
Tinubu's good luck is that Chicago is not a city in China. Otherwise, we would not even be having this conversation to start with.
Racoon: Festus Keyamo Defends Tinubu From Drug Trafficking, Says Tinubu Mistakenly Shared Flats With Drug Lords
The Minister of State for Labour and Employment, Mr Festus Keyamo, has distanced the All Progressive Congress presidential candidata, Bola Tinubu, from being a drug baron who was involved in the traffic of narcotics in the United States.
Keyamo, who also doubles as APC Presidential Campaign spokesperson, noted that the former governor of Lagos State only shared a block of flat with drug barons about 30 years ago in the US.
His reaction is coming following documents of a Chicago District Court indicting and convicting Tinubu of drug dealings and money laundering in 1993.
The document which emerged online two days ago, described APC standard-bearer as a drug baron, adding that Tinubu entered a plea bargain, leading to the forfeiture of his assets to US authorities in 1993
It was also pointed out that Tinubu forfeited the sum of $460, 000 dollars in his bank account at First Heritage Bank to the US government.
Speaking on Wednesday on Channels TV, Mr Keyamo dismissed such claims, insisting that Tinubu was linked to drug peddlers who were his neighbours.
He said: “What happened was that Tinubu went to open an account. The address which he used in opening the account was the address used by these people. I think some blocks of flats. Maybe, he was happy to be in that block of flats too.
“So, they now link it that the other people they were investigating for narcotics are in the same address used by Asiwaju to open that account.’’
Penguin2: Is Atiku getting more popular in the north? If yes, where will Tinubu get his votes now?
Atiku is getting more popular, not just in the north but across the entire country. Who no want better life, which we had for 16 years under PDP deregulation and privatisation policies, with cheap petrol and less debt?
As for Jagaban of Borgu, his fellow Guineans will vote for him in his original country. Shikena.
"Tinubu made living in Nigeria expensive. I will make Nigeria affordable again" - Alhaji Atiku Abubakar
Worthydefender: He is so sure all Nigerians are gonna vote him, wonder shall never end. Vote will count and you will lose again.
Kwakwanso is there to ensure that, just like Utomi did in 2023.
Tinubu is master strategist of Nigerian politics for a reason.
lexylaw40: The “president-elect” saw in Obi's presidential bid, a good chance to reduce the winning chances of the presidential candidate of the PDP, Atiku Abubakar.
The governorship candidate of the Labour Party (LP) in Oyo State, Tawfiq Akinwale, [/b]on Wednesday [b]stated that the “President-elect” Bola Tinubu asked popular economist, Prof Pat Utomi to step down for Peter Obi in the buildup to the 2023 general elections.
Akinwale made this revelation while he appeared as a guest on a radio programme on 101.7 YES FM, Ibadan, Oyo State, while alleging that Obi received campaign funds from Utomi, whom he described as Tinubu's "son."
The LP aspirant, who spoke in Yoruba language, said "In the buildup to the 2023 elections, Obi who had purchased the nomination form of the Peoples Democratic Party (PDP), suddenly announced his exit from the party.
"Initially, Pat Utomi had secured the LP's presidential ticket, but when Peter Obi said he resigned from the PDP and joined the LP. Bola Tinubu, a master political strategist, quickly told Utomi, that everyone knows to be his son to step down for Obi.
"The “president-elect” saw in Obi's presidential bid, a good chance to reduce the winning chances of the presidential candidate of the PDP, Atiku Abubakar.
"What Peter Obi didn't know is much more that what he knows, he started collecting campaign funds from Utomi, while Tinubu was giving the money to Utomi.
"This went on until Obi's presidential campaign got to a stage it went beyond target. Obi was used without him knowing," Akinwale said after announcing his departure from the party.
Obi defected to the LP after resigning his membership of the Peoples Democratic Party (PDP) and also withdrawing from the presidential race under the party.
The former governor consequently joined the race for the party’s presidential ticket, while Professor Pat Utomi, in June 2022 stepped down for him to emerge as the presidential candidate of the Labour Party, LP, unopposed in Asaba, Delta State.
Sirleo05: Nigeria is a fuel economy, that's, it largely depends on fuel, diesel for her daily survival, and any increase will mean doom for the people and business at large. so, there's need for government to reduce price which in turn will reduce pressure on the people and business.
The big question we are not asking enough, is why Tinubu failed to crash the price of petrol as he promised before he was allowed to grab power from Buhari after fighting for it? Why did he run with the grabbed power cluelessly like a headless pig to make everything worse than even clueless Buhari did?
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.
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.
erad: Atiku is now sounding very foolish and annoying. Every sane Nigerian knows IPMAN's appeal is not for the sake of Nigerians, it's to protect their own profit margin.
Do you also know that Tinubu has been paying subsidy illegally under a different name
Any idea why he is selling petrol so expensive despite paying subsidy more than previous presidents?
anonimi: NNPCL’s subsidy payment jump by 47.9% to N7.1trn in 2024
November 26, 2025
The Nigerian National Petroleum Company Limited (NNPCL) paid a total of N7.1 trillion as subsidy for premium motor spirit (PMS) in 2024, this sum represents a 47.9 percent increase from N4.8 trillion recorded in 2023.
This is despite the government’s announcement of subsidy removal in 2023.
The company explained that the amount, which it termed ‘energy security expense’ arises when there is differential between the exchange rate used to freeze the premium motor spirit ex-coastal price and the prevailing rate at the point of import settlement.
According to the report, government had instructed that NNPC Limited cannot sell its PMS above a certain regulated price. It added that the cost of petrol import is usually much higher that the regulated price.
saintopus: Of a truth, we're are not supposed to buy fuel at the present price. Nearly all the oil producing countries, Nigeria’s petrol is the most expensive.
Of a truth, All Promises Cancelled, APC is filled with scammers and 419ers.
How much do you think they have FORCED us to pay as subsidy to them for the past 11 years, due to the massive corruption in their oil sector
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.
gr8ofnnetwork: Dey play. Let ElRufai become president, he will do NOTHING. You think Nigeria Former President is a joke to you. Where were you when Tinubu was mock during OBJ/Jonathan regime, did the man die? Even Buhari did not spare him. You guys are too emotional on Nigeria matter.
You don't care the dangerous game he played by leaking NSA security information despite seeing how Nigeria is hemorrhaging in the hands of insecurity instigators, but you think ElRufai is an hero. He is fortunate to be around till date. Of he had done this in other climes, by now his family will be planning one year memorials
What NSA security information did he leak?
In what other climes are you referring? Is it America, where Chicago is? Or in France, where Paris is? Or in China where they execute drug dealers instead of letting them off the hook after paying $460,000? What other clime are you talking about here
Fishermen: El rufai must pay for all the atrocities he committed against Christians and southern Kaduna
When are you going to make Tinubu pay for all the atrocities he committed against Christians with his Muslim-Muslim ticket as well as to Yorubas and Igbos?
anonimi: How we foiled Jonathan’s effort to make Mulika Adeola Speaker, Akande reveals
AS president in 2011, Goodluck Jonathan did all he could to ensure South West grabbed the country’s number four seat, including lobbying then opposition leaders from the zone, to no avail. The North West eventually grabbed the seat, supported by South West leaders in opposition to then ruling party, the Peoples Democratic Party (PDP).
Former Governor of Osun State and now statesman, Chief Bisi Akande, made this revelation in his autobiography, “My Participations” which is currently dominating political and national dis- course.
Aminu Tambuwal, now Sokoto State governor, won the seat, against the preferred pick of his party, Mrs Mulikat Adeola Akande, from the South-West. Defunct Action Congress of Nigeria, then a fledging opposition, which had Akande and his soulmate, former Lagos State governor, Senator Bola Tinubu, as front- line leaders, openly asked its elected members of the House of Representatives, mostly from the South-West, to work against their region and back Tambuwal from North-West.
The opposition party’s support carried Tambuwal through the contest against Akande, then ruling party’s favourite for the speakership seat.
In his book, Chief Akande revealed that former president then as incumbent, personally reached out to Tinubu, who is now believed to be nursing presidential aspiration in 2023 and himself, but couldn’t convince them.
He wrote, “President Jonathan, immediately after the meeting (with political parties), called Bola Tinubu aside into a lobby to broach the matter of ACN support for a choice of who would become the Speaker of the House of Representatives.
“That same day, President Jonathan talked to me on phone about the same matter. He disclosed that PDP had zoned the position to the South-West but that only one Muraina and another Mulika won elections on PDP ticket from the zone into the House of Representatives.
Atiku is way better than the master strategist of balablu bulaba propaganda lies in Aso Rock, who has destroyed the prosperity, peace and security with cheap petrol and less debt burden we enjoyed under PDP for 16 years.
"Tinubu made living in Nigeria expensive. I will make Nigeria affordable again" - Alhaji Atiku Abubakar
anonimi: 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.
1nice: Shut up and stop talking nonsense. Your tribalism is making you talk nonsense and you talk without thinking. Itsekiris were part of rivers state, which was in old eastern region. All this tinubu supporters self dey like behave like olodooo.
If their master strategist idol is an olodo uprising of the balablu bulaba type, what do we expect of his cloned supporters
Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun made this known at the end of the inaugural Federal Executive Council meeting in Abuja. Mr. Edun said that the benefit of the subsidy removal will be plough back into various sectors to improve business environment for local and foreign investment. He added 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.
Ofunaofu: Report: Current Govt Added More Debt in Two Years Than Nigeria Accumulated in 55 Years
• Decries Nigeria’s debt service-to-revenue ratio
•Urges FG to declare fiscal emergency
A new policy brief has warned that Nigeria’s worsening debt profile and weak revenue generation have pushed the country into a dangerous fiscal position, with the current administration accumulating more debt in two years than Nigeria recorded during its first 55 years after independence.
The report, released by the Alliance for Economic Research and Ethics LTD/GTE, a Nigerian policy think tank, argued that the country’s debt crisis has evolved into a governance and revenue emergency, as debt servicing obligations now exceed the federal government’s retained earnings. > > According to the think tank, Nigeria’s public debt rose sharply from N87.38 trillion in June 2023 to N159.28 trillion by the end of 2025, with President Bola Tinubu’s administration accounting for about N65.9 trillion of the increase within its first two years in office.
The organisation in the brief titled: “Nigeria Is Borrowing to Breathe—and the Clock Is Ticking”, noted that Nigeria accumulated only about N12.06 trillion in debt from independence in 1960 up to 2015, meaning the current administration added more than five times that amount in just 24 months.
The report stated that while previous governments also contributed significantly to the country’s rising debt burden, the speed of accumulation under the current administration had intensified concerns over fiscal sustainability.
“President Bola Tinubu’s administration has added a further N65.9 trillion in just two years. To put that in perspective: it took Nigeria’s first 55 years of independence to accumulate N12 trillion in debt. The current administration has added more than five times that amount in 24 months,” it argued.
It recalled that Nigeria briefly became almost debt-free externally after the administration of former President Olusegun Obasanjo secured an $18 billion Paris Club debt relief package in 2005 and paid $12 billion to extinguish about $30 billion in external obligations.
Magabush1: Is Niger delta university a federal university or state university. Most of comment out of hate rather than knowledge. Is federal government the one that increase the school fees of a state university
Tinubu hiked petrol price instead of crashing it as promised. Tinubu failed to achieve N300/$1 in the short run as promised before he hit the ground running despite his $3.3 billion SPV loan to defend the Naira.
These two clueless reforms have created hyperinflation, which is complicated by Tinubu's failure to create 50 million jobs.
Is there any part of the above that you do not understand
"Tinubu made living in Nigeria expensive. I will make Nigeria affordable again" - Alhaji Atiku Abubakar
Business › Re: See How Many Bags Of Cement ₦1 Million Can Buy In 2026, 2022 And 2014 by anonimi: 6:58pm On Sep 04
Why not?
. Hopefully, he'll go back to do RANKA YA DADE to his BOSS.