₦airaland Forum

yarimo:
The same peter obi that accepted to be grand patron of association of fake drugs.

You have lost it all

porthouse7:
hey.....the economy is growing steadily back to better, election is still 2yrs

This is evidence of Tinubu's 'bolekaja' economic policy prescriptions.

The inflation rate is decreasing from 34% to 24%, while the prices of basic food items like rice are increasing.

Under the Tinubu government, the prices of food, goods, and services have no correlation with inflation. In fact, Tinubu doesn't mind turning basic economics on its head just to spread lies, falsehoods, and propaganda, forcing it down our throats

porthouse7:
wetin obi wan take campaign, which church em wan go, obi cldon cast

You should be more concerned about what Tinubu will use in his campaign.

As per sey lagos blueprint builder, and will bring on board egg heads and best brains to handle the economy don cast

Factcheck0001:
the same idiot that will always shout irredeemable

U that u are lost to madness, u Igbos are not rated n u will b punished for the littliest of things u do n we will look away when it happens in other regions

Shebi u no wan get sense now, we go force sense into your flat head

You are just irredeemable

seun OAM4J Nlfpmod fergie001

When ever they deny, it's a proof that the claim is true

The dramatic change in the inflation rate from 34% to 24% is clearly the epitome of Tinubu's 'bolekaja' economic policy prescriptions.

It's obvious that this wicked and draconian Tinubu regime will use the remaining two years to not only engage in outright lies, falsehoods, and propaganda but also force it down our throats.

helinues:
Just called him a Biafran

He's not a Nigerian

They can't continue to be spoiling the country's name anywhere dey go

Always in a hurry to spew ethnic hate and tribal bigotry, here is a list of Nigerians on death row in Saudi Arabia for drug trafficking.

Nnamdi Kanu, leader of the outlawed Indigenous People of Biafra (IPOB) has vowed that he will never stand trial again before Justice Binta Nyako of the Federal High Court, Abuja.

Mr Kanu, who faces terrorism charges at the Federal High Court in Abuja, spoke in an open letter to Nigerians on Friday.

His special counsel, Aloy Ejimakor, uploaded a copy of the letter on his X handle on Sunday.

The IPOB leader has been in detention since he was repatriated to Nigeria from Kenya in June 2021 under controversial circumstances.


IPOB is a group seeking the secession of the South-east and some parts of the South-south from Nigeria.

‘Why I’ll never stand trial before the judge again’
During the court’s hearing on 24 September 2024, Mr Kanu requested that Mrs Nyako recuse herself from presiding over the matter, accusing the judge of bias.

The judge subsequently announced her withdrawal from the matter, but the chief judge of the Federal High Court later reassigned the matter to Mrs Nyako.

Since then, Mr Kanu and his team of lawyers have repeatedly opposed Justice Nyako from presiding over the case.

In his open letter, the IPOB leader said he would not stand trial before Mrs Nyako again because she has recused herself from the case.

“If it will take the rest of my life in detention to produce me before a proper and impartial court, so be it.

“But let me say this for the world to know: I will not succumb to any trial conducted by any judge or court whose jurisdiction does not pass constitutional muster. Not now, not ever,” Mr Kanu vowed.

Request for recusal
Mr Kanu also said he successfully requested Mrs Nyako’s recusal from the case in September because the judge allegedly showed bias by ordering his detention at the facility of the State Security Service (SSS) without a fair hearing.

Mr Kanu further claimed the judge refused to transfer him to a correctional prison facility to better prepare for his trial and subsequently declined to obey a Supreme Court ruling which ordered his bail be restored.

He said the judge ordered an accelerated trial “in the face of the reality that I will never get a fair trial whilst detained at the SSS (facility).”

“These are the major reasons that compelled me to request recusal of the judge and having consented to it, she proceeded to make an order removing herself from my case.

“That order was never challenged on appeal; thus, it remains extant to this day,” he said.

Mr Kanu criticised the Federal High Court chief judge for reassigning the case to Mrs Nyako despite her recusal, alleging that the chief judge may have connived with Nigerian authorities to convict him.


The IPOB leader stressed that the reassignment of the case to Mrs Nyako was not due to a lack of “decent judges in Nigeria that can be trusted to deliver even-handed justice.”

“That is not the issue. Instead, the issue is that my case is deliberately being shielded from judges and justices that are deemed to be committed to doing justice even when it means that the federal government must lose,” he alleged.

‘My abduction from Kenya and stay of execution order wrong’
In the open letter, Mr Kanu recalled how the Nigerian government repatriated him to Nigeria from Kenya in 2021, noting that the court had declared that the action was in violation of his fundamental human rights and local and International laws.

He said the court also held that by his forcible abduction and extraordinary rendition, Nigerian courts are “divested of jurisdiction to entertain charges” against him.

“In a responsible and well-ordered society, run by a responsible government, this judgment is sufficient to have ended my lengthy detention and encourage the federal government to constructively engage me on the issue of the self-determination agitation that triggered this whole saga,” he said.

The IPOB leader expressed sadness that on 13 October 2022, he was discharged and acquitted by a Court of Appeal in Abuja, but the Nigerian government went on to appeal against the ruling without first obeying it by releasing him.

“Despite the clarity of this judgment and its comportment with reason, the federal government refused to release me from detention while it went behind closed doors and connived with three other justices of the Court of Appeal who fraudulently and swiftly sat on appeal over the judgment and practically destroyed it by issuing what they termed ‘a stay of execution,’” he stated.

“In a plethora of cases, the Supreme Court has held that anybody who disobeys a related court order cannot be given any judicial relief until such order is obeyed.”

Background
Mr Kanu was first arrested in 2015 under the administration of former President Muhammadu Buhari.

The Court of Appeal, Abuja, on 13 October 2022, held that the IPOB leader was extraordinarily renditioned to Nigeria and that the action was a flagrant violation of the country’s extradition treaty and also a breach of his fundamental human rights.

The court, therefore, struck out the terrorism charges filed against Mr Kanu by the Nigerian government and ordered his release from the facility of the State Security Service


But the government refused to release the IPOB leader, insisting that he (Kanu) could be unavailable in subsequent court proceedings if released and that his release would cause insecurity in the South-east, where he comes from.

The government, through the office of the Attorney-General of the Federation, later appealed the court ruling and subsequently obtained an order staying the execution of the court judgement at the Supreme Court.

Delivering judgement on the appeal on 15 December 2023, the Supreme Court reversed the acquittal granted to Mr Kanu by the lower court and consequently ordered continuation of his trial at the Federal High Court Abuja.



https://www.premiumtimesng.com/regional/ssouth-east/774910-why-i-prefer-to-remain-in-prison-than-face-trial-before-justice-nyako-nnamdi-kanu.html

helinues:


If whoever Obidients support in 2027 get 5 million votes, then they must have rigged heavily to get such number

Another piece of gibberish from Nairaland's most notorious creator of senseless comments and threads

BloomingDale:
Are you guys not tired of all these insults? Is this how you expect one to vote Obi?

How did you know that he or she is a Peter Obi supporter?

Anyone who exposes this Tinubu government for its incompetence and cluelessness is pigeonholed accordingly and tagged a Peter Obi supporter.

zero8zero:
This is what you get when you make dumb people your celebrities. Na why wizkid dey always flog am silly.

You wouldn't have described him as a dumb artist if he had supported Oyetola, the failed former governor and currently a failed minister of the blue economy, the APC, and the former APC local government chairmen who were sacked, causing mayhem and instigating chaos in Osun State, which has now led to the loss of lives and property.

Christistruth02:
The murdered man was an Appeal Court reinstated APC LG Chairman
Just reinstated after he was removed by PDP Governor Adeleke
Don’t just talk

Think!!!

Have you seen or read the Appeal court judgement?

NewDea4:
Oyetola is clearly angling for that local government money (autonomy things)

Barawo Banza

Instead of him to concentrate on his Job as minister of blue economy, he is busy fomenting trouble and creating chaos in Osun state.

A failed governor and currently a failed minister

seunmsg:
The Court of Appeal judgement clearly reinstated the sacked Local Government Chairmen. It’s unfortunate that PDP is being absolutely irresponsible by trying to frustrate the enforcement of a valid judgement of the court.

PDP’s rascality notwithstanding, I will appeal to APC and the law enforcement agencies to allow the status quo remain until the matter is decided by the Supreme Court.

Below are your exact words from the other thread, and I believe you have yet to see or read the judgment, yet here you are making statements without having the facts

You are a confusionist

seunmsg:
What is the exact position of the Appeal Court judgement? Did the court truly order the reinstatement of the Council Chairmen or no consequential order was given as claimed by the governor?

Those with better understanding of the judgement should enlighten the rest of us.

ogododo:
The sacked chairman of Irewole Local Government, Osun State, Mr. Remi Abass, is dead.

OSUN DEFENDER learnt that Abass, a member of the All Progressives Congress (APC) was shot dead by some hoodlums who invaded the local government secretariat in Ikire today.


Abass was among the chairmen who were reportedly returned by the Court of Appeal last week.

Details later….

https://www.osundefender.com/breaking-sacked-irewole-local-govt-chairman-killed/amp/

Oyetola has abandoned his job as Minister of Blue Economy and is busy setting up Osun state for chaos and mayhem in active collaboration with Tinubu.

Tinubu is providing enormous support to his ministers, who are causing chaos and mayhem in their states, especially in those controlled by the opposition. It happened in Rivers state and now Osun state

Who did this jankara fact-checking?

NIGERIA is in trouble economically. Therefore, those in charge at the federal, state, and local government levels should buckle down and tackle the cost-of-living crisis tormenting Nigerians.

The new numbers from the IMF graphically resonate with the misery of the populace. In its report, the IMF says Nigeria’s GDP per capita has fallen to its lowest level of $835.49 in 2025 from $877.07 in 2024, indicating a 4.74 per cent dip.

The GDP per capita is a country’s economic output per person and is calculated by dividing the GDP value of a country by its population.

Over the past decade, Nigeria’s GDP per capita has plummeted by 74.08 per cent, falling from $3,222.7 in 2014 to its current level.



This means the economy is growing at a pace not fast enough to match the rapid population growth. That is a recipe for economic disaster.

A combination of naira devaluation and soaring inflation has reduced the purchasing power of an average Nigerian. Even though the economy grew 3.46 per cent in the third quarter of 2024, most Nigerians hardly took notice because, in their personal lives, they have not seen any improvement economically speaking.

Indeed, Nigeria’s GDP per capita remains one of the lowest in Africa. Comparative data for 2025 places South Africa at $6,517.1, Morocco at $4,470.6, Tunisia at $4,396.2, Egypt at $3,160.1, Ghana at $2,189.3, and Kenya at $2,186.6.

Luxembourg, Singapore, Ireland, and Norway have the highest GDP per capita globally in the order.

These figures indicate that Nigeria is among the least economically prosperous countries in sub-Saharan Africa, falling within the lower GDP per capita bracket of $500 to $2,500.

However, the IMF projects a gradual improvement in Nigeria’s GDP per capita, expecting it to rise to $940.2 by 2026, $1,001.3 by 2029, and $1,047.08 by 2030. This is not good enough.

This slow recovery suggests Nigeria will only cross the $1,000 threshold again by 2028, far behind many of its regional and global counterparts.

Aside from the sharp fall in GDP per capita, Nigeria has also dropped from being the largest economy in Africa to the fourth position behind South Africa, Egypt, and Algeria. Nigeria’s GDP is $362.8 billion, falling from a high of $509.97 billion in 2014.

As of December 2024, Nigeria’s inflation stood at 34.88 per cent, a 30-year high. For inclusive prosperity, the inflation rate needs to drop considerably.

President Bola Tinubu has said that his government is targeting a 15 per cent inflation rate in 2025, but analysts have cautioned that it may only drop below 30 per cent. The naira exchange rate to the dollar depreciated by 40.9 per cent by December.


Tinubu, after taking over from the ineffectual President Muhammadu Buhari (2015-2023), has targeted a 6.0 per cent annual growth. He did not achieve that in 2024, and he is not likely to achieve it in 2025.

The President has also targeted an 18 per cent tax-to-GDP ratio by 2026 and a $1 trillion GDP by 2030.

Notwithstanding, the drop in per capita income largely shows Nigeria’s dwindling fortune.

Ordinarily, a large population is supposed to be an advantage because it provides a big market for domestic output. In Nigeria’s case, the population is not being used advantageously to push the economy to greater heights because of poor policies.

Tinubu has made some bold but controversial reforms. These reforms have created the current cost-of-living crisis in Nigeria. One area that he has not touched is the sheer humongous waste at the federal level that has continued to push up recurrent expenditures in the annual budgets. The cost of governance must go down.

The recurrent expenditure in the 2025 budget is N13.64 trillion. There should be concerted efforts to prune it down by taking measures to reduce the size of recurrent spending at the federal level.

The United States – the largest economy in the world with a GDP of $27 trillion – has seen the need to cut costs at the federal level by setting up the Department of Government Efficiency, headed by the richest man in the world, Elon Musk. So, it makes a lot of sense for an economic crisis-ridden Nigeria to also take steps in that direction.


The federal, state, and local governments should stop behaving as if the country is rich. The country is poor, and modesty must be reflected in expenditures to show the public that austerity is not only for the masses.

Furthermore, it is highly illogical for poor countries to increase running costs when rich countries are cutting costs.

Also, for it to be prosperous, Nigeria needs to make the states very productive. Most of the states are still dependent on federal allocations to run their budgets, which is unsustainable. A country cannot grow when the sub-national units depend on the centre and are unproductive. Nigeria will greatly benefit from a far-reaching political and economic restructuring that would make the country much more prosperous.

It is noteworthy that the initial VAT sharing formula of 20 per cent equality, 60 per cent derivation and 20 per cent population, as proposed by the Presidential Tax Reform Committee in the tax reform bills, was rejected by governors for a revised VAT sharing formula of 50 per cent based on equality, 30 per cent based on derivation, and 20 per cent based on population.

However, Nigeria needs to quickly get to a level where those who produce more get more or a fair share as an incentive for productivity and engendering healthy competition among the federating units rather than a dependency mentality.

Efforts must be increased to reduce the country’s dependence on imports, while corruption in government offices must be reined.

Although the economic situation is dire, and most Nigerians live from hand to mouth, it has not been all doom and gloom for the country.


First, the crude refining sub-sector of the oil industry is growing substantially as the Dangote Refinery says it will ramp up production to a full capacity of 650,000 barrels per day in a few months.

With the Port Harcourt and Warri refineries coming on stream, it is envisaged that the crude refining sector will continue to expand, and exports from the refineries will continue to earn Nigeria some much-needed foreign exchange to bolster the economy.

There has also been an increase in Nigeria’s oil production. The latest Monthly Oil Market Report of the Organisation of Petroleum Exporting Countries shows that Nigeria’s crude oil production rose above 1.5 million bpd in January.

According to the report, Nigeria produced an average of 1,539,000 bpd in January, slightly higher than the 1,485,000-bpd recorded in December.

With the rising oil production, there will be more inflow of foreign exchange, which should shore up the country’s external reserves and strengthen the naira.

The government should work hard to reduce inflation in 2025 and strengthen the naira.

The Nigerian Economic Summit Group has forecast naira appreciation and a reduction in inflation in 2025, provided the government implements effective stabilisation measures.


https://punchng.com/nigerias-shrinking-gdp-per-capita/