₦airaland Forum

Bluntemperor:
Has your lord Atiku returned the $16-Billions NEPA DISCOS Loan Money 💰,
For he said recently ' if we had handled the Billions DOLLARS MONEY Well'
So,he has Not Returns the DOLLAR 💰 Back and Nigeria is experiencing this Total Darkness 🌑- in our homes and Offices till date.
-Did you know the Amount of $16 Billions Dollar in NAIRA Form?
That is the kind of person you de talk about here!

I think recently he challenged the federal government of Tinubu to probe him if they have proofs?

Kushites:
OK. SINCE TINUBU IS BUSY FIXING THE COUNTRY, LET ME USE THE AI FOR HIM AND RESPOND TO ATIKU


......................

Atiku’s "Dollar Illusion" is the Desperate Rhetoric of a Failed Alternative

It is profoundly ironic that former Vice President Atiku Abubakar, who has spent decades auditioning to lead Nigeria on a platform of privatization and deregulation, has suddenly developed selective amnesia. His latest tirade against the Federal Government’s fiscal triumphs is nothing more than a masterclass in political hypocrisy and desperate economic distortion.

Atiku’s critique relies on a lazy, dishonest gimmick: evaluating Nigeria’s sovereign domestic economy entirely through the lens of the US Dollar. By doing so, he insults the intelligence of Nigerians and deliberately obfuscates the massive structural rot his own political era helped create.


1. The Hypocrisy of a Ghost Reformer

* The Rebuttal: For years, Atiku campaigned on the promise that he would eliminate the corrupt fuel subsidy regime and unify the exchange rate market "even if they killed him."

Yet, now that President Tinubu has shown the political courage to actually make these hard choices, Atiku has weaponized the inevitable transitional pains for cheap political points.

* The Reality: Atiku does not weep for the Nigerian worker; he weeps for the lost campaign talking points. He cannot praise deregulation in his manifesto and then condemn the fiscal reality of that deregulation when implemented by a bolder leader.


2. The Deceptive "Dollar-Standard" Fallacy

* The Rebuttal: Atiku’s weaponization of dollar conversions is an economic scam. Nigeria’s economy operates on the Naira, not the
Dollar. Civil servants buy food, pay school fees, and rent houses in Naira.

* The Reality: By benchmark-pricing Nigeria’s minimum wage and state allocations entirely in USD, Atiku betrays his elite worldview—
one that views Nigeria only through the lens of foreign capital and overseas spending.

The ₦21 trillion FAAC distribution represents real, tangible local liquidity that is building roads, funding schools, and paying teachers across 36 states—things that cannot be wished away by Atiku’s arbitrary currency conversions.


3. Unmasking the "Subsidy Illusion" of 2019

* The Rebuttal: Atiku nostalgic reference to 2019’s FAAC figures is an admission of guilt. The "cheap dollars" and lower Naira numbers of 2019 were an artificial, unsustainable hallucination funded by trillions of Naira in bleeding subsidies that nearly bankrupted the country.

* The Reality: The previous status quo was a ticking financial bomb. The Tinubu administration chose to diffuse that bomb, redirecting funds from the pockets of billionaire fuel smugglers and arbitrage traders directly to state and local governments.

Calling the recovery of these stolen trillions a "monetary illusion" proves Atiku would prefer to feed the syndicates than fund the states.


4. Intellectual Dishonesty on State Debts

* The Rebuttal: Atiku points to state debts to claim the revenue boom is fake. This is an embarrassing display of fiscal illiteracy from someone who chaired the National Economic Council.

* The Reality: Debt is a function of capital development, not a sign of failure. The historic surge in FAAC allocations has given states the unprecedented capacity to actually service their debts while simultaneously investing in massive infrastructure projects. Atiku wants Nigerians to look at a state's liabilities while ignoring the new highways, agricultural hubs, and security networks those liabilities are building.


5. Empty Rhetoric vs. Structural Actions

* The Rebuttal: Atiku asks, "Where is the money going?" while ignoring the massive fiscal reforms staring him in the face.

* The Reality: The money is going toward the Compressed Natural Gas (CNG) transport revolution that is slitting transport costs in half. It is going into the Nigerian Education Loan Fund (NELFUND) to ensure poor children go to university. It is going into the direct pockets of workers through a more than 130% increase in the minimum wage. It is going into plugging the systemic leakages that Atiku’s political associates historically exploited.


Atiku Abubakar’s "brutal arithmetic" is nothing but brutal political opportunism. Having been repeatedly rejected at the polls by the Nigerian people, he is reduced to acting as a professional doomsayer.

He attempts to wave away record-breaking revenue generation and institutional tax reforms because he cannot stomach the fact that this administration is successfully rewriting Nigeria’s economic foundations—foundations that his generation of politicians left decayed.

Bigger numbers do mean bigger value when they represent real independence from predatory subsidies, and no amount of dollar-denominated gaslighting from Atiku's Dubai palace can change that reality.

Nigeria economy relies on naira but foreign reserve is being relied in dollars?

Flets:
But in those countries you mentioned
1. The daily minimum wage is more than 2 months minimum wage for a Nigerian
2. Quality education is free from kindergarten to High school, student loan available for college
3. There is employment insurance for folks who lose their jobs
4. Unemployment is at single digits compared to Nigeria
5. Basic infrastructure is in place
6. Families are paid monthly child benefits payments to augument family spends
7. Fewer people visit gas stations as there are effective and safe transport systems
8. Quality health care is free in UK and Canada


Please quit the argument, you have no clue

don't mind these people. They're always comparing rubbish 🗑. Those countries that even subsidizes food na en him wan carry Nigeria compare. My guy in Italy 🇮🇹 says he barely uses 50 euros 💶 in a month to feed but convert that money to naira and see if it would serve you for a week because of the kind of Tinubuconomics we found ourselves.

eazzzy1:
Countries like Canada, USA and the UK where most Nigerians like to japa do not subsidize fuel for their citizens. Canada has more fuel, more refineries and a significantly lower population yet would not subsidize fuel.

When we borrow from the world bank and IMF to pay fuel subsidy, we inadvertently borrow from these countries. It's like a broke man going to borrow money to pay his children school fees in babcock from his wealthy neighbour whose kids attend unilag.

This stopped making sense to these organizations so they refused to lend to Nigeria anymore, hence the need for Buhari to print money and borrow directly from countries with future oil production. If fuel subsidy returns, it won't be sustainable for long and would need to be removed again.

Tinubu caught everyone by surprise with the removal, this time wealthy people will stock up on fuel and food for the eventual re-removal. People will have reservoirs and warehouses, the poor people who think their lives were better with subsidy can be likened to the beggars who are satisfied with eating the crumbs that fall from the wealthy man's plate.

every time una go dey do mumu comparisons. Who told you that those countries don't subsidise petrol?
In fact, you want to compare your country to countries that her minimum wage matches whatever situation they find themselves? Your highest currency which is 1k can't afford a litre of petrol and you want to compare your Tinubu country to those who even subsidises food?

Eba50:
though am not wike fan at all, amechi actually messed up, carrying railway to even chad abi niger, and not supporting gej, his own brother

did Tinubu support GEJ?

Racoon:
Imagine! This same guy was talking about the criminals activities of Tinubu in the past. Well, is Nigeria where only those who are hungry starts singing the praises of their pay masters once they start benefiting from them.

This is the same Datti that was against all that Tinubu depict from the beginning. Now he has crossed over, hence talking like a drunken fish out of water. Well, let Peter Obi get the privilege first to see how he wield power or not.

All good thinking Nigerians want is a country that works for the benefits of all and not a man fighting to conceal his dirty criminal past from the country he is lording it over.

did you read the post properly at all?

Wolexyoshi:
That's the narrative the interviewer wish to pass. I am sure he would get some response of those that are beneficiary but such won't come online

how much was Uni Uyo school fees before Tinubu and how much is it now?

jchioma:
He was appointed Bursar of NOUN in September 2026, according to the university.


Could this be an assassination ?

May our promotion/breakthrough not lead to death or destruction.

of course its an obvious assassination.

Innomama7:
one stupid elder dey follow me drag land for my hood na i vess sai make i go buy cements take fiss the land Omo wen I do calculation my mind touch ground, las las i carry men go track the elder na he lin low.

omoh to fence now ie damn expensive 😑. Tinubu don finish us. The price differences from May 28, 2023 is quite to much from the price of May 29th 2026. Imagine the hyper inflation.

lionshare:
I think he should have ignored that stupid question because whats his business with APC campaign council---his principal is still a member of PDP.

what made the question stupid?
Is selective scrutiny by the EFCC a good thing?

Benwallt:
I am glad you're taking my advice. Just keep on singing. Please, don't stop o.

But let me ask you this, the fact that our highest denomination no fit buy fuel, does it mean that nobody can afford buying fuel? Hmm, God forbid bad thing o

I just dey waste my time for 30k data boy

Benwallt:
Just cross you legs and fold your arms while singing hyper inflated. A man like you paid 142 million year rent for a warehouse today as he is expanding his business. Get a 🎙️, increase your volume and remix hyperinflation. Put it on repeat. This isn't rice and beans economy you're are used to.

so if a man paid such amount simply means the economy is working?
Before Tinubu assumed office, that warehouse would be nothing less than 30 million naira. So you can now see what hyper inflation means. Our currency has no value. Nigeria is the only country that its highest denomination cannot purchase a litre of fuel.

discusant:
Because bad or pseudo economists are in charge of Nigeria.

Uplifting the living standards of citizens is the number one reason Economists are employed by government to manage a country. Not to release periodic figures of foreign reserves.

these APC people just dey tire me.

Melezenawii:
EXTERNAL RESERVES BY PRESIDENT



Source

what is the effect of the high external reserve in this hyper inflated economy?

Mattswaggz:
How did she know he was a yahoo boy and why do most Nigerians find a way of linking natural events that happen everywhere to be something spiritual?...... perhaps the spies the colonial masters sent to assess Africa before they set in to do the do saw this flaw in their thinking process and decided to use it against them by using religion as a primary tool in their conquest and even till today that decision is serving them enormously.

obviously you don't know what is happening then. They deliberately crash into people as a means of their sacrifice and you will see them sponsoring the burials with millions.

EponObi:
How many buses the FG wan buy to cover all the states? Like Ben Murray-Bruce said, these are the jobs of the state governors. We really need regional government.

Majority of the state governors are too useless. Zero initiatives. Na to just dey pay salaries. Mtchew.

They receive way more money now since the fuel subsidy was removed, but they still don't make any impact with the funds. But I no blame them sha. Na Nigerians be the problem. When be say if road that leads to their gates is bad, na FG and Tinubu dem go dey drag.

Since 2023, I've never seen citizens of a state complain, protest about their one of these useless state governors. Everything na FG and Tinubu.

We have too many adults. Scratch that. We have too many old men and women that are close to their graves that don't have basic understanding of governance in Nigeria and the responsibilities of the FG, their state governors, and LG chairmen to them.

Youths who claim to the educated with zero understanding of this too.

We definitely got our orientation wrong somewhere.

yes they receive more money compared to before but what about the inflation they received?
A kilometre road that was a billion naira to construct is now over 3 billion naira, salaries went up by 30-40% which means wage bill went up by that percentage. So I am surprised that you people are always lamenting about increased allocations.

nairalanda1:
Hmm, looks like this one is not of the race of Issachar.

what's that?

spiceadole:
No, I did not and I still do not have a good relationship with them.

My father was tough , abusive and extremely malicious.. made it clear he wasn't my friend or mate. The only time I could stay even 1 minute close to him was either he was beating me or verbally abusing me.

My mother was excessively judgemental and annoyingly over religious. She also believed I was a child and never had a say.

I left home as a teenager to university and stayed away for 3 years.. didn't visit and they didn't bother.
They didn't attend my matriculation, induction and convocation.
I learnt how to celebrate my wins alone.
First picture I took with my parents was during my wedding.
My siblings and I never had one family picture with them.

Today, I just send money when I want to. We still don't relate.
I don't know how to talk to/gist with them especially my father. My children do not know them.

I haven't spoken to my mum in 3 months and my dad in 11 months. I try not to pick his calls because we have nothing to discuss.
It's too late to begin building a relationship.

😢please hope you are not transferring the aggressiveness to your kids sha?
So sorry about everything.

nairalanda1:
HAHAHAHA, not as i wanted..

From the early days, the relationship parameters were clear. I child, they parent. And they made it clear that they were not my friends, and that I was expected to obey them, do well in school, and always come home when they wanted me to come home, and be always as neat as i was when I left their house.

Anyway, thank God for them, at least, i didn't turn out awful.

for me I didn't see anything wrong here. Except there's something you ain't spewing.

Basic123:
Northerners!


Chai!


Where was this man when killers went on rampage under buhari?


We all know what we are doing in this country

can we compare the killing under Buhari to now?

O

TimiofAbuja:
You knew that before referring me to google. Current government is always worse than the former one. You too go and check the price differences of basic things common men could afford during the two regime

you can't compare the inflation from Obasanjo to GEJ government to the inflation from Buhari government to Tinubu's government. That's what we're talking about.

Imalwayshorny:
no be the woman way chop money for Buhari administration be this

Tinubu

nairalanda1:
Actually, the Hormuz Strait did raise fuel prices by probably ₦200

is the Hormuz still blocked 🚫?

TimiofAbuja:
That's what I got on Google

I think I just gave you some of his policies which favoured the common man and businesses boomed under GEJ compared to OBJ. The problem GEJ had then was the fight to remove subsidy which the likes of Tinubu and Co fought against saying it's a scam and corruption but here we are now facing the worst subsidy removal regime.

TimiofAbuja:
that's far, he should compare Jonathan and Obasanjo

the economy under GEJ was way better than under OBJ. GEJ regulated some many stuffs. How much was an SMS under OBJ? 15-25 naira but GEJ brought it down to 4 naira, GEJ brought 60 seconds call to 10 naira while it was 30-35 naira under OBJ. I can go on and on but I will advise you use Google search to help you. Thanks.

nairalanda1:
Strait of Hormuz probably added a few hundred naira...on top, but removal of subsidy also did most of it, yeah.

then this your government are blatant liars because they deceived the masses with this Strait of Hormuz saying it's the cause. Honestly Tinubu really need to go.

helinues:
Atiku you are the ignorant here. Didn't you also say you will remove the subsidy before the last election.

So what nonsense are you now saying?

you're even more ignoramus because he said he would remove subsidy so Tinubu towed that path without putting the basic necessities in place and then start to impoverish the masses and enrich his government and governors at the detriment of the masses suffering?

nairalanda1:
That was for a period of time between October 2024-March 2025, when fuel prices did not pass N900 per liter...and government was at one time spending N1 trillion per month, or close to it. Had he not paid it, fuel would have been more expensive

And at the end, it probably worsened our debt. It was not the best decision that tinubu ever made.

Also, our population has not remained static over the last 20 years, so subsidy costs would go up, and then there is the devaluation of the naira.

I am not a fan of tinubu, and want him out, but you are responding with the same type of populism that he used to decieve Nigerians in 2012.

in essence what you're saying is that it wasn't the block of Strait of Hormus that made the price of petrol to increase to where it is now but subsidy was the cause?

MMempire:
Oga relax, I dey 100% sure of wetin I dey talk.

hmmm

blackpanda:
States do not follow FG in payment of wages. Infact some States are even better than FGN in Salary

most states follows, especially the South South states.

Nice2023:
That is why I am not the usual civil servant...I was comfortable when I joined civil service and that is why I didn't plan staying beyond 10years.
I understand u better, I will advice u to hit the street and sort urself out. There is no money in being a civil servant honestly.

The real money is outside and believe me honestly

I believe you. Though, I am into Agropreneurship, just that the sales doesn't come in bulk. It is what has been paying my rent and utilities since I joined the system.

Nice2023:
For someone with four children...feeding and sorting of other bills.

My rent alone is #2,650,000. Fueling of two cars and name it.

That money is too small to pay my bills honestly .

no civil servant can live such life. I'm a civil servant and I know what I am going through. A level 10 civil servant earning just 126k monthly so imagine a whole 265k.