₦airaland Forum

larride:
I think trying to do all reforms at once is the Achilles heel of this administration. It just doesn't make sense that you keep pushing people more into poverty in the name of reform.

The annoying thing is even the slow pace they are going about it as if people's lives is not at stake.

izzou:
Exactly

Na why Uncle Jimi believe say there's something else apart from what they want us to believe

The other day on Arise, they asked Bwala about the situation on the APC primaries. He answered, and then began to mention how Obi was unserious to be a president.

The same ADC that cursed him for leaving, cannot even conduct a primary (transparent or not).

Na Obi still be the problem

Ibime:
Many Nigerians lack discipline in billing

For my grandmums funeral, I had gone round all her children and grandchildren abroad and gathered contributions which covered almost all expenses, tagged it as contribution from "her children and grandchildren" covering everyone so those less well-off are covered. . . . while other extended family members, friends and adopted children put their own contribution to the point contributions exceeded budget by a few million.

Because list of contributors is published in extended family WhatsApp group, one of my uncle I have already covered under our contribution went to put in N250k so his name can be published separately from "children and grandchildren", now just couple weeks later his family are billing me for feeding money. I had to be very abrupt with them and give them a piece of my mind.

daveP:
Cos of 1 controversial +1 they wan kon dey disrespectf our Igwe. Lol.


I pray we have such a player to do epl boot b2b2b again.

Salah denying Kane and Haaland the chance for treble like Igwe🤣🤣🤣🤣

Alan Shearer doing it at 2 clubs b2b.



Meanwhile see the biggest climbers and droppers. I hope we can steal one Forest player at least.

purplekayc:
Jr brf :-Xf

izzou:
I watched an interview yesterday where they asked Amaechi if he would be vice to Atiku.

He said the interviewer should never ask that kind of insulting question again

larride:
1. If I remembered correctly, I once posted here that Tinubu and Cardoso are intentionally keeping the exchange rate at that 1300 - 1400 range to enable them actually fund the budget. Personally I feel a stronger naira means cheaper dollars and that's why they celebrate it.

2. It's in terms of Naira equivalent, the dollar equivalent is most likely the same or even lesser. It's also why I don't parrot that nonsense anymore because when you factor in the increase in price of most goods and services due to the exchange rate, you will see it cancel out wherever increase in FAAC allocation that they get.

izzou:
I was listening to Jimi Disu some weeks back when Obi went to NDC.

Jimi said that even though he doesn't know whether Obi will fix Nigeria or not, he is now convinced that Nigerian politicians don't want him to contest. They keep dragging him, even though other contestants are there

They roasted him for dodging primaries in ADC even when it was untrue. Now, the same ADC cannot even organize its own primaries. Two factions with two different results, and Obi isn't even there.

The same APC insulting him about primaries have conducted their own; Inflated and false figures everywhere. So the purpose of the primary was never about transparency.

The man has left all of them, yet they won't let him rest.

Na here I see say Donald Duke and Makinde go pull votes. Nobody dey drag them for contesting. Nobody is dragging Amaechi and Jonathan. It's only one person that is the problem.

TemporaryHansel:
Me? You must be mistaking me for Raumdeuter.

izzou:
Ahn Ahn

Obi again?

ADC has moved on without him, and even at that, the party has 2 presidential candidates already

Dumebi Kachikwu
Atiku/Amaechi

You are not even bothered about that. It is someone who has nothing anymore with your party crises you're blaming

CrystalTiger:
Maybe it's my eyes but are the party delegates covering their faces? Sowore na very funny guy

Sowore’s party, the African Action Congress (AAC), begins its presidential primary election today in Abuja. pic.twitter.com/dBNj89pDlD

— CHUKS 🍥 (@ChuksEricE) May 26, 2026

mostob:
Wondering why Raya wore his gloves for the trophy lift?
He wanted to make another save! 😄

iamoyindamola:
Na dullard way fail gender test you they take serious

Shegzdave:
I Dey enjoy your counter attack for those okonjo wailers😂

Roland17:
Cry today! Wail tomorrow!! E no go heal the pain in your heart!

larride:
I actually went back to the link you posted and I just realised the guy that made that statement was just looking for a banger headline. The facts don't align.

First, our debt profile is not a hidden document, it's open for anyone to see and scrutinize for themselves. Our total debt today is 159 trillion naira.

Secondly, Buhari handed over a total debt of 87 trillion naira to Tinubu. That's around $103 billion.

Thirdly, when Buhari was leaving office, he used Emefiele to pin the 25 trillion ways and means payment into public debt further increasing the domestic debt.

Fourth, Buhari left an external loan of $43.16 billion, as at today, our external loan is $51.86 billion which means this administration has borrowed $8.7billion which if you use today exchange rate is 11.9 trillion naira plus another 15.3 trillion on domestic debt which brings his total debt to 27.2 trillion naira

Fifth, the writer of that post was being deliberately mischievous using a base of 12 trillion debt which Jonathan left in office when Buhari already balloon the national debt to 87 trillion naira before he left.

Of course exchange rate is an important part of national debt, the debts that Jonathan and Buhari left that Tinubu is servicing now, he will still have to source the $$ in today's exchange rate.

To make it eve clearer for you, when Jonathan handed over to Buhari, the total national debt was $63 billion which in naira was 12 trillion naira that the mischievous man quoted. According to Okonjo Iweala, Jonathan only borrowed $21 billion out of this $63 billion debt.

When Buhari left office, the total national debt is $103 billion which is 87 trillion naira using the official exchange rate then. If you look at it critically, Buhari didn't borrow X2 of what Jonathan left but the naira equivalent is x7. Why is that? Because Buhari exchange rate at the end of his tenure is significantly higher than GEJ own.

If you keep going downward further, you'll notice the same pattern. 1 billion dollars under Obasanjo is not the same as 1 billion dollars under GEJ. Same way 1 billion dollars under Abacha is not the same as 1 billion dollars under Obasanjo

Time value of money, inflation and exchange rate all play a part.

izzou:


He removed subsidy, had more money, and borrowed thrice the previous administration in dollars.

That was how Buhari's borrowing was defended by Tinubu until he entered there, and began to complain.

izzou:
Quite funny that this was the same argument Segedinho was making when we were told Governors have more money because of subsidy removal.

larride:
Anyone can play with numbers to give a desired result.

It makes no sense to compare someone that borrows $1billion which will be 1.37 trillion naira in today exchange rate to someone like say GEJ who was borrowing at a pegged exchange rate of 150-200 which will make $1 billion around 150 billion naira.

It's only when these analyst wants to be mischievous that they mention the naira equivalent as if all of the past Presidents were borrowing on the same exchange rate.

The more important question is what the government is using all the loans for which we can't see it's impact.

Bimmarlykay:
Imagine Whodeygba abi na WhonogoEurope comparing his small London's bicycle club to a Rolls Royce like Barça.

🔴⚪ In one single season. One.

✅ Premier League debut — youngest ever.
✅ EFL debut. FA Cup debut.
✅ Champions League debut — youngest ever in the competition's history, beating Moukoko's record by over a year.

✅ First Premier League start — youngest ever.
✅ First Premier League goal — youngest ever. 97th minute. Solo run. Calm finish. 16 years and 73 days old.

✅ And now — youngest player to ever win the Premier League. 16 years and 239 days. Phil Foden's record? Gone. And it wasn't even close.

Meanwhile we're one week away from a Champions League final. Against PSG.

✅ Youngest player to WIN the Champions League could also be his. Before his 17th birthday.

This script couldn't have been written differently for my boy. 16-year-old boy from Hale End just quietly rewriting every record book in existence.

Arteta trusted him. The system built him. And God is clearly writing something special.

Congratulations Max Dowman. The records will keep falling, and we have front row seats to all of it.

COYG. Always. 🔴⚪

TemporaryHansel:
Borrowing isn't a problem, what they do with the money borrowed is the problem.

Are they putting money borrowed to good use? No. That is the issue.

Every country on earth borrows. The problem is Nigerian politicians borrow money and use only 20% of the money to fund projects while using the remaining 80% for their personal indulgences, meanwhile repayment is tied to the country not them.

Oye, who is the immediate past chairman of the Organised Private Sector of Nigeria (OPSN), noted that while successive governments accumulated debt over decades, the current administration alone has added N65.9 trillion in two years, compared to just N12 trillion accumulated over the first five and a half decades of Nigeria’s independence.

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.”

odizeey:
Na now una go wish say una no celebrate losing to city.

Dead mentality.

You people are part of the problem of your club.

I pour una spit