₦airaland Forum

Understand cost amortisation or expense allocation.

Minimum wage = N70,000
Passport cost = N100,000 validity 5 years ( 60 months ).

If the N100,000 is amortised over 60 months, the monthly cost becomes N1,667.

If you want to compare the cost of the passport with a validity of 5 years then compare it to what the person will earn over 5 years. N70,000 × 60 months = N4.2m

This has nothing to do with the cost of the passport. It's just common sense.

https://x.com/fimiletoks/status/1961478470116295002

One is sprint the other is marathon .
One makes you burn out quickly, while the helps you keep the momentum .

Both can be combined and infact are always combined.

They are mutually inclusive

givedemwotowoto:
These people just wake up and spin any baalablu out for Nigerians to consume

Why are you always sad and crying at the same time?

God Bless Federal Republic of Nigeria

#RiversDecides: APC leads in Tai LGA

APC: 70, 080
PDP: 1,245 votes
PRP: 532 votes
Total valid votes: 72,770 votes
Rejected votes: 326 votes
Total votes: 73,096

President Bola Tinubu
The Best President in the history of Nigeria

40 Major Milestones Achievement of President Bola Tinubu in 2 years

From devaluation to domination: How Tinubu’s exchange rate reforms turned naira into Nigeria’s export engine

When President Bola Ahmed Tinubu’s administration dismantled Nigeria’s rigid foreign exchange regime in 2024, critics were quick to call it a currency collapse. The naira plunged to ₦1,800 per dollar in March 2024, and headlines screamed of economic freefall. But beneath the noise, a deliberate, high-risk economic recalibration was underway—one that has now begun to pay off in spectacular fashion.

By August 2025, the naira had clawed its way back to ₦1,525/$1, marking a 15.28% strengthening in just five months—an annualised pace of nearly 48.9%. This wasn’t luck; it was policy. Increased oil receipts, swelling diaspora remittances, and the clearing of over $4 billion in foreign exchange backlogs restored investor trust. The unification of Nigeria’s FX windows created a single, transparent market rate—finally letting the currency find its realistic value.

Why does this matter? Because a realistic exchange rate does more than please economists—it changes the very arithmetic of trade. Nigerian goods, once overpriced in dollars due to an artificially strong naira, suddenly became bargains on global markets. A bag of sesame seeds, cocoa beans, or even processed chocolate instantly cost less in New York, Mumbai, or São Paulo, without the Nigerian farmer or factory owner earning less in naira terms.

The result was swift and striking. Non-oil exports jumped from $2.696 billion in H1 2024 to $3.225 billion in H1 2025—a 19.62% year-on-year growth. And this wasn’t just a “price illusion.” Export volumes rose from 3.83 million to 4.04 million metric tonnes, proof that foreign buyers weren’t just paying more for the same goods—they were buying more goods, period.

A perfect “sweet spot” had emerged:

• For buyers abroad, Nigerian goods were cheaper than competitors’.

• For exporters at home, the naira value of earnings soared, enabling reinvestment into value-added processing—turning raw cocoa into chocolate bars, raw sesame into bottled oil.

For the economy, the export surge pumped foreign exchange back into the system, strengthening the naira without eroding its competitiveness.

The feedback loop is textbook economics:
1. FX Reform → Realistic Naira
2. Cheaper USD Prices → Export Boom
3. Export Boom → FX Inflows
4. FX Inflows → Naira Stability
5. Naira Stability → Investor Confidence & Long-Term Growth

What’s remarkable is that this cycle feeds itself. As Nigerian goods win more market share globally, the inflow of export dollars reinforces naira stability. That stability lowers risk for investors, inviting portfolio and capital inflows that further bolster reserves.

The critics who cried “worthless naira” missed the bigger picture: a floating currency is not a sign of weakness—it is a tool for national competitiveness. By refusing to prop up the naira with scarce reserves and instead letting market forces work, the Tinubu administration has set the stage for a sustainable, export-driven growth path.

If Nigeria stays the course, the naira’s recovery won’t just be about exchange rates—it will be the story of an economy finally learning how to turn its currency into a competitive weapon on the world stage.

Yakubu is the director-general of
Budget Office of the Federation

https://www.thecable.ng/from-devaluation-to-domination-how-tinubus-exchange-rate-reforms-turned-naira-into-nigerias-export-engine/

If Peter Obi did what he did as governor of Anambra state in China he would be in Prison today.

Investing $30millions of state funds into SABMillers and giving 5% equity to his family.

Using Anambra state funds to run a bank he has shares in.

These are criminal offenses.

If Peter Obi did what he did as governor of Anambra state in China he would be in Prison today.

Investing $30millions of state funds into SABMillers and giving 5% equity to his family.

Using Anambra state funds to run a bank he has shares in.

These are criminal offenses. pic.twitter.com/AQYBTuvQZT

— High Chief Lawrence Igbins Okoro (@HighChiefOkoro) August 30, 2025

President Bola Tinubu changing the narratives for Nigerians for good.

God Bless President Bola Tinubu
God Bless Federal Republic of Nigeria

Wailers over to you

Electricity supply has improved in some parts of the country, findings by Saturday PUNCH have shown.

Our correspondents gathered that in many cities and towns in Lagos, Ogun, Osun, Bayelsa, Delta, Akwa Ibom, and parts of Yobe, Nigerians were enjoying better supply compared to previous years.

But in other states, including Ekiti, Sokoto, Yobe and the Federal Capital Territory, residents lamented irregular power supply.

However, alongside the improvements, many consumers decried the high electricity tariffs, which they described as unbearable.

Residents in some states complained that while supply had become relatively stable, the rising cost of power, especially for those on Band A, was eating deep into household and business finances.

The Nigerian Electricity Regulatory Commission introduced the Service-Based Tariff regime in October 2023, categorising electricity consumers into five bands based on daily supply hours.

https://punchng.com/mixed-fortunes-as-power-supply-improves/

Universities students: Register online for your PVC



2: You must protect your loan and stipends from bad, bad, bad people so that they will not stop it ooo.

3: Parents and Guardians pls register ooooo.

4: parents and guardians dey happy say no stress again to pay school fees?

5: NELFUND should also send SMS to students to register for their PVCs


God Bless President Bola Tinubu
God Bless Federal Republic of Nigeria

SarkinYarki:
Just look at shameless sycophants , okay do the monthly cost for the American or UK passport.... silly things

Superior argument, bring yours
God Bless Federal Republic of Nigeria

infohenry:
Useful idiots everywhere, why others are buying up the country, useful idiots are busy defending on empty stomach them while their heirs are busy balling hard.

Superior argument, bring yours

God Bless Federal Republic of Nigeria

The leader of the mob doesn't understand cost amortisation or expense allocation.

Minimum wage = N70,000
Passport cost = N100,000 validity 5 years ( 60 months ).

If the N100,000 is amortised over 60 months, the monthly cost becomes N1,667.

If you want to compare the cost of the passport with a validity of 5 years then compare it to what the person will earn over 5 years. N70,000 × 60 months = N4.2m

This has nothing to do with the cost of the passport. It's just common sense.

https://x.com/fimiletoks/status/1961478470116295002

kedeojo:
He will soon bring screenshots. Keep defending a known bigot. A clean politician and he made the yes daddy call. Obi that was sharing money for vote when he was pdp member.Una really funny.

God Bless you sir
God Bless Federal Republic of Nigeria

https://pmnewsnigeria.com/2025/08/29/how-i-rejected-peter-obis-bribe-deji-adeyanju/


https://www.youtube.com/watch?v=YEdkfsCJKJo?si=TbJGXzrP1NpzPM0y

EmpressF0911:
I won't respond to you again. 😔😔😔

You ran away?
God Bless Federal Republic of Nigeria

Streetinvestor2:
I am sure u feel u are invisible when u become person of interest.
All it requires is to pay the right amount to the right office

Why are you guys always crying over small jokes. Obi is a gbajue and coward that doesn't have the mind to sue anyone....yes daddy audio is still there till today

Leboska:
Nigerian Immigration just increased Nigerian passport price 150% above minimum wage you are not concerned, all you are concerned is an opposition figure, you are truly cursed

Says someone that have never obtained passport before

God Bless Federal Republic of Nigeria

Commentor:
She should learn to be serving food and stop making the old man run up and down.

Deji @adeyanjudeji
sues Sarah Ibrahim @TheSerahIbrahim
, the shovel tooth item seven girlfriend ofPeter Obi @PeterObi and immediately Peter Obi sues Deji Adeyanju. Even if Margaret wants to leave, should she be replaced by this not so good looking bonga fish? Come on. #GRIMUN

https://x.com/DayoOlogun/status/1961056766357115001

Where is Peter Obi's Wife and How True is This?


https://x.com/papichulo4224/status/1961051113785851985

What a disgrace on the part of ASUU. So they cannot differentiate between AGREEMENT & PROPOSAL. For almost 16 years ASUU has been shouting:
2009 AGREEMENT
2009 AGREEMENT
2009 AGREEMENT

The handwriting was on the wall with the results of the by-election. Atiku is on his way back too

PDP chieftain who decamped to ADC 3 weeks ago has returned back to PDP.

God Bless President Bola Tinubu
The Best President in the history of Nigeria
God Bless Federal Republic of Nigeria

Citizens stone Argentina president Milei during election campaign



https://www.youtube.com/watch?v=t-Z9Ct8Udeg?si=Ty1GEVHRsJ-1C84q

https://guardian.ng/news/world/citizens-stone-argentina-president-milei-during-election-campaign/

Free speech would suffer under Peter Obi.

God forbid I cast my vote for a dictator.


https://x.com/TheoAbuAgada/status/1960814492209570264

Coalition in Disarray as Social Media Banters by proponents become Lawsuits

‎

Former presidential candidate and chieftain of the Peoples Democratic Party, Gbenga Olawepo-Hashim, has faulted the party’s decision to zone the presidency, warning that it amounts to an endorsement of President Bola Tinubu’s reelection bid.
‎
‎Speaking on Channels Television’s Politics Today on Monday, shortly after the PDP National Executive Committee meeting held in Abuja, Olawepo-Hashim described the move as “unprecedented” in the history of the party.
‎
‎“Zoning the presidency to the south is a default campaign for the return of President Bola Tinubu. Because those who are mounting this campaign of zoning to the south are the same people who are saying we are in PDP, but we work for President Tinubu,” he said.
‎
‎He argued that the decision effectively weakens the PDP’s chances of producing a viable presidential candidate.

He added, “It’s a default campaign for the PDP not to have a viable candidate by those people. So this is a subtle campaign for an easy ride of Bola Tinubu’s re-election.”
‎
‎The PDP chieftain stressed that the party had never barred any region from contesting the presidency, citing past conventions as examples.
‎
‎“The PDP has never zoned the presidency before. In 1999, President Olusegun Obasanjo, who was then General Obasanjo, contested against Alhaji Rimi from Northern Nigeria and some other candidates, Dr Alex Ekwueme, etc.

“In 2003, as a sitting president in the villa, President Obasanjo had to contest again with Chief Barnabas Gemade from Benue, Alhaji Rimi from Kano. The party never shut the door against any zone,” he recalled.
‎
‎He maintained that the NEC of the PDP made a “big error” by adopting the zoning decision.

“I’m not saying that they didn’t do it by majority. They did it by a majority. It was quite democratic. All the organs of the party decided. But it made a big error,” he said.

https://punchng.com/olawepo-hashim-faults-pdp-zoning-says-move-aids-tinubus-2027-bid/

Stability in FX rate has made business planning easier.

Closing the gap between the official rate and black market has also been well executed by the Tinubu administration.


https://x.com/Ol0ye/status/1959554570905944481

Should Peter Obi Decamp to PDP and face his mates to slug it out?