₦airaland Forum

Putinofrussia:
All the loans are under the $21.5 billion MTEF that was approved by NASS earlier this year
It is going to be taken until the loans reach $21.5 billion by 2026 and beyond .The loans belong to FG,States and LG.
States and LG loans are channelled through the FG.Lenders don't loan them directly but through the FG that they can hold responsible.
The approved package is more complex than a single $21.5 billion loan and includes several components:
External Loans: $21.19 billion in direct foreign loans, €4 billion, and ¥15 billion. The loans are expected to be disbursed over a six-year period from international lenders, including the World Bank, African Development Bank, and China Development Bank.

Domestic Instruments: Up to $2 billion to be raised in the domestic market using a foreign-currency-denominated instrument.
Domestic Bonds: Approximately ₦757 billion in government bonds to settle outstanding pension liabilities under the Contributory Pension Scheme.
Grant: A $65 million grant.
Allocation of funds
The loan is earmarked for projects across various critical sectors in Nigeria:
Infrastructure: Including the Lagos-Calabar Coastal Highway and the reconstruction of the Eastern rail line from Port Harcourt to Maiduguri.

Human Capital Development: Allocations for health, education, and social safety net programs.
Security, Agriculture, Power, and Housing.
Pension Obligations: A portion is designated for clearing pension arrears.

If we were in a classroom or four walls of University i would have clapped for you

All these means nothing where our notorious politicial exist,.... huge sum of that loan will be looted, shared and embezzled ... that's the conclusion paragraph missing in your lecture

Goodlady:
Leave me o

wont you bill me , i am interested in your format

Goodlady:
Sharap 1 million times

where is good in the lady

Goodlady:
Other parties will be saying:
God airpus o!

where did you see pocohantas childwood picture thought she deleted her diary

And so with the policy somersaults and the recent pardon list does it seem like the Tinubu govt think things through before they act

is it not these same govt that removed subsidy and proposed sharing Rice as cushion effects for the masses

helinues:
There was downtrend in the first quarter but we bounced back from August.

For the money to be useful as projects for the VAT payers is the koko

Did you just call a VAT surge a bounce back ....

VAT is a % of total cost goods/service purchase ... e.g. gas sold previously at 1100 with Vat 7% = #77 vat per kg

because of inflation, Gas now is 1600 × 7% = 112 vat per kg ... technically your total will be an increase, applicable to all

its not a mystery such increase does not have any positive impact on the economy cos it as nothing to do with an increment in consumption, when demand is high producer scales up production thats what the economy needs to respond to growth

Our increased vat is coming as a result of incessant inflation on prices of goods & services

lightwind:
$
I wish dangote company could be fixing Nigerian bad roads as well as they ply the roads.

A lot of our roads are dangerous to use... State roads and Federal roads.

$

i dont have to wish, dangote as built more roads 2nd to govt in Nigeria, there is an MOU

OnionBandit:
Dem never mend this guy enough. He is disturbing public peace and must be treated as such.

You fit block am for underground ... one on one is allowed

nairalanda1:
Cbn isn't subsidizing naira because Nigeria is too broke to do so.

if you say they are not subsidizing thats an " Opinion"

however the difference between cbn rate and parrallel market is called what

educate me

Adexvivacity:
You can never expect a fraudster to berate a fraudster.....Obi aint real and he is trying to gain the votes of fraudsters like him. He knows we have many of them now....That man that got best advice from a madman.

Lets agree Peter Obi is All that you call him, is he not better than APC

APC that rehabitate Terrorists/bandit, and abandon there victims at IDP camps

Redirecting and investing in yahoo boiz to use there mental capacity or investing in terrorist to use there mental capacity positively which one is feasible for nation building

of what use can a terrorist ever be in life, these are worthless piece of shit that can never be useful cos of the level of evil in them ... yet govt embrace terrorist

There are many yahoo boiz that have gone legit, do big stuff and contributing to the economy and one agbero party thinks Obi is wrong

show us the Terrorist rehabilitated by Apc govt so far hat are contributing to nation building .. shamelezz people

nairalanda1:
Cbn is no longer subsidizing naira like that anymore.

Official rate is now very close to the parallel rate. If it wasn't, imported fuel would be in theory below 700 naira.

Cbn can't afford subsides on the naira. When they are not even meeting up with subsides on power . Dollar inflows have fallen because oil price no dey favor us. And oil revenue is a major sauce of forex

Well that is the forma news, with the recent update CBN pump Fx into oil importation whats the catch ??

i am one of the few people alive that wont believe institutions just Do things for no reason, no love in business

You said, " close to parallel rate" meaning a difference thus exist .. mathetically thats "subsidizing" ...if you like graduate from oxford, harvard or oscar college .. it is subsidy, leave grammar for pocohantas
if after everything Tinubu govt has put Nigerians through if CBN is paying marketers to import fuel that means they punished us for nothing

we have so many genuine demands CBN should be more vested in subsidizing esp. manufacturers not some rings of thieves parading themselves as marketers ..
As a matter of Reasonable, CBN should only be vested in ventures that promote local productivity

Putindbutt:
So what's the big deal here?. Some economic illiterates will read the headline and start screaming. The oil sector has been liberalized, the market is open to every player. If oil marketers go to the CBN to request for foreign exchange to import fuel, that's fair game in the sector. The fact is, we cannot even stop importation in the next 5years to put it reasonably. Even though Dangote is already trying to expand its capacity to 1.4million barrel per day. The marketers will still go to the buyers that sell cheaper to them and best serves their interests.
The good thing in all of this, is the fact that Nigeria spent $1.2b on fuel importation in the first three months of this year which is a remarkable improvement compared to the time we were spending a whooping $20 billion on fuel importation aside from the subsidy that would still be paid on it. This gulped about 40% of our foreign exchange revenue. Now we have been able to turn the tide. With the expectation of more refineries coming up like BUA & a few others as well as the expansion of the capacity of Dangote refinery before the year end, we expect even much less importation and much less foreign exchange demand for fuel importation.

No one as said Marketers shouldnt import But the whole ideal of CBN collaborating with Marketers to provide, wakes the question " subsidy" ??

if Cbn is providing forex for marketers, if not at subsidized rate , then why ??

i want to weigh you,

Ofodirinwa:
If Fashola came and did well, and you can admit that, then were do you think I'm wrong in saying Lagos has improved?
Again, I shouldn't say Lagos has improved and you say no it has not and give me an evidence of something that can be improved because it tells me you think I should wait until perfection has been achieved to say something. And that there is a place where perfection exists (world benchmark you're calling it).

The North is very nice and very well developed. It also has a lot of poverty, some of the worst poverty in the world. But If i said the north has improved over the years, I'm telling a fact based truth. I can also say there are ppl in IDP camps and that's true as well. I don't have to wait for the IDP camp to disappear to cite the rapid development that has been happening in the north over the past 20-15 years.

Is it how Fashola left lagos that it is now, cleaniless and security wise, are the BRT buses well maintained and available left Fashola left it
when Ambode was governor for 4yrs its visible development across board esp. mainland there is no local government you will visit nd wont see ongoing project But today are we progressing Mediocre, owambe Apc party, sharing rice is what they prioritize

OGa you cant play smart with me, i didnt has for perfection,. leave how i judge You say that improvement in lagos sebi people are reading as well


yoy can say there is "Growth" but in real sense Nigeria is "underdeveloped" we havent hit that benchmark of development yet

Olatundex22:
🤣😂🤣😂 are you sure ? You have lived longer enough in this world to know more than I do and you talk like this 🤣🤣🤣🤣seriously. Now it confirmed you are delusional.
Just check all your questions, you sound like kids or adult kids. I don’t even know what to call you seriously
(Hasn’t he stolen more than enough to get himself a jeep?
What did he do with his salaries n allowances ? )
I feel every bad exchanging words with someone like you

why not stop embrassing yourself and attempt to answer any of the questions he raised..

why they were serving they were properly appropriated for and taken care of ... all the SUvs they gotten on duty is that not enough

why are Nigerians making this a Fuss, Is becos we have the most uselezz govt in the world when it comes to pay ordinary pensioners Govt say no money, the same Tinubu govt telling Nigerians no Money is increasing benefits to people in corridors of power

Under Tinubu govt all we have seen is Opulence pro max, they are just Living larger than life whereas Nigerians get Nothing from govt except Tax threats

Ofodirinwa:
Lagos used to not have street lights, in very recent memory. When the street lights were installed, they were not obeyed. Today people are obeying but many are not functioning. Instead of saying 'Lagos needs to fix the broken street light on this road or that road' people will say 'THERE IS NOT DEVELOPMENT NIGERIA IS FINISHED WE ARE SUFFERING', which to me is a very pointless dramatic way of talking and thinking.
I can't even say Lagos has improved without people who know there has been great improvement over the past 15-10 years arguing with me.

Unless we're supposed to wait for perfection to begin to say something good has happened. That is the real issue.
Nigerians believe some places (US) have achieved perfection, and Nigeria is the opposite.
So when an airplane collides in the US, they will say an airplane has collided. When an airplane collides in Nigeria, it's 'NIGERIA IS FINISHED, OUR GOVERNMENT IS KILLING US, THERE IS CORRUPTION, NIGERIA IS HELL ON EARTH'. This is an very unusual way of thinking and talking and I have seen enough to say it's a problem because you can't even talk about reality without people spiraling into psychosis.

i expect you to know the difference btw street light and traffic light ... i said lagos is dark at night on most roads .. i once got robbed inside traffic at gunpoint

Why do they have to wait until for people to complain taya ... are there not people whoses job is to maintain this facility we have local govt around they dont have eye or what ?? wait for people to teeach you your job is plainly incompetence n poor

Lagos have improved in some Ways no doubt But the rots are still there, bad roads, glood, hoodlums threat and darkness

IF i say No development in Nig. follow me to the luth hospital or govt hospital n see patient sleep on the floor, see patient bath with pure water in 2025
IF i say No development in Nigeria follow me to the East ... and see 1st hand

If you travel by road across Nigeria well you wont eeven argue development go into North n see adults women bathing nake outside at IDP camps what they prepare as food even my dog will roll eye at me

There are development ofcus but its nothing when rated to world benchmark .. thats the point

if you see telling the truth as psychosis Bro the joke is on you ... we will keep speaking out till a reasonable leader will come nd listens

You think Nigerians are pessimistic, extremist ... But when Fashola came n did well ... did people not laud him to the point those in diaspora were interested in visiting lagos, when Vp osinbanjo took some decisive steps in absence of Buhari did Nigerians not laud him ...we are not mad people naw if you do well we will applaud loudly trust Nigerians

just watching the love in every words nd i feel the whole scene is unrealistic

bambam using bedroom voice for every scene freaks me out .... love na for fools tru true

ChizzyBuna:
That's why I call it smart hustling.
You can be evil fornicator and still organize large crowd of Christian, monetize and chop your millions😏

whats wrong with being "smart" or " hustling" ... i dont get why people like you are so envious of pastors/clergymen, you think its easy ... do you know the downsize, spiritual attacks, sacrifices this men have to bear cos they work for God

Social media is a platform with the largest attention ... i why cant a pastor with message be there, youtube brought monetization not the pastors

I dont know why is itches Guyz like you so bad .. when you see pastors make money, no one is forcing you to give, keep your money But dont come online insulting others because they decided to bless men of God

why not, you guyz came with dollars ... everybody treats you like a VIP, everywhere you turn people are looking with smiles for opportunity to beg

Only people earning in dollar can understand how uselezz the naira what oyinbo will buy with $50 in Nigeria he/she will be overwhelmed

thats why pocohantas will mock those of spending naira

Ofodirinwa:
So we can't compare the US to Nigeria if the example isn't made to make Nigeria look bad? Nigeria is significantly better than it was 20 years ago, 15 years ago etc. You can say you want improvement without pretending otherwise. When you cannot even admit something good has happened and want good things, you'll confuse yourself.

I didnt say we cant compare, my point is Us population size is × 4 of Nig. by common sense there flight inflow n outflow is over Nig. flight flow thats make it inbalance for comparison
However the accident you are trying so hard to discredit US for is jus 0.0028% thats nothing compare to number of people that die becos of bandit in Nigeria per month

infact i we say it loud ... 0.0028 flight accident in Us per year is not " Bad" cos accident is inevitable, it can only be reduced

like i said, improve how drive round lagos at night the street light are not working or absence, stop holdup at night ... hoodlums are out to robb you of your possesion.
If e sure for you, highlight those significant improvement, why are you afraid to tell us

loffyloffy:
Even without looking deep, you can see how senseless Rufai Oseni is.

If Nigeria's total debt is 152 Trillion, is it reasonable to ask that has it not all been borrowed under Tinubu?

The mumu also knows that fx adjustment means our debt in Naira terms went up, while in Dollar terms it has been stable or even going down.

Lastly the fool knows that govt generaly borrows to meet up with budget and payback as revenue flows in. Tinubu has the biggest budget ever and will continue to borrow to execute. He also have the buggest revenue ever, meaning he is paying back as he is borrowing.

This shirt term borrowing keeps the economy rolling

Why not just accept like Father like son,. ... how do you rationalize ×2 debt despite removing all " subsidies" ...

All past Govt paid subsidies on basics for Nigerans, yet what they borrowed is less compared to what Tinubu that is not subsidizing as borrowed within a year .. how do you realize that

Was it not Tinubu that told Nigerians they've met Revenue target for the budget as at August .... is it not ridiculous that such govt ois still borrowing more

Coastal road is the only Tangible project under Tinubu nd it is funded by loan independently .. with the Tax hike, high revenue more than any govt Why are we still borrowing more, For what exact

if we are sacrificing lets know what we are suffering for ... very uselezz set of people

thisisit:
Define what you mean by EARNING...
Is earning 70k income? ... if yes, then the stats is incorrect
if no, what is earning ??

PLS DEFINE EARNING AND REDO THE STATS

Why are you confusing and dribnling yourself, the english is " very simple" earning is any money you get in return from offering goods 0r services .. simple

because your region of audio billionaire are topping the list some of you dont know what " earning" means anymore

Ofodirinwa:
but they're not regular in the nigeria, we have far less plan crashes and mishaps than the US by volume and per capita. I think there were close to 200 plan crashes in the US around the time trump took office. I agree with you that our light situation is abysmal. The main thing I'm addressing is that nigerians at this point are addicted to down talking Nigeria, and the down talking is creating real life consequences. People are going to Libya to become slaves because all they have heard in their life is Nigeria is the worst place in the world. Some are going to Mauritania to be slaves where there has never been light or gen talkless of power uh.

We have been calling the government thieves since Balewa was president, and wonder why politics attracts criminals today. Had we called them what they were, we would get the same type of people governing Nigeria today as then (though in my life time, Nigerian leaders have improved)

Maybe if i dont have exposure i would have agreed with you, Bro its unbalanced to compare Us flight with Nigeria flight base on volume of flights, however here is fact ;
✈️ Data from the past 20 years shows an average of 0.00028% of passenger flights the FAA oversees are involved in an accident.

You cant blame Nigerians if they chose to acknowledge their reality .. the country is bad without mincing word a lot of people are dead today just becos Nig. happened to them not Mr. death

libya is better than Nigeria, how they treat africa immigrant is what is bad buh for the citizens libya is fair compared to being a Nigerian thats the " context"


when you say Nigeria leader have improved, how

the primary responsibility of any govt is protection of lives n properties ... today people die massively sote govt dont even grieve anymore, governor are now negiotating with terrorist n bandits pay money .... is that the improvement

In recent time We have seen govt disobey court rules with impunity, sowore re asset is one of many attestations, is that the improvement

Maybe you should explain your own " Improvement" ... is it that govt now make promises n keep it ?? what

KingRabota:
Hmmm and i used to wonder why she always so aggressive and insistent. Now i know

My broda naa "Money" ... she dey cash out baby sharks, baby snakes given to her

as from now be stingy with your " Likes" ... we no dey give shishi

70m from likes and share, no wonder pocohantass is always fighting for like n share on NL tew, silent billionaire

when will seun add gifts, cant wait to finish folake with baby shark n snakes

I might as well tagged penguin2 along,,, why is the presidency jiltery about a jonathan Nigerians wont come out to vote

Onanuga said jonathan can contest if he want But they will drag him to court 🤣 who takes a nobody seriously

Now we have Tompolo of all people compelling Jonathan not to contest .... why are they not begging Sowore not to contest

they are strangely jiltery nd they can't even hide it, why ??

Penguin2:
This idea of PDP dividing their votes was planted by APC to justify their rigging.

Why didn’t votes count?

Why was the IREV shutdown?

You keep saying you are a realist but it seems your own realism is only restricted to looking at the future.

Have you looked at the past realistically? Why are you talking as if 2023 election was perfect? As if you didn’t see all the tippexing that happened on result sheets.

And did you say yes that Tinubu won Rivers in 2023?

Planted or not, it sounds tew logical and convincing esp. now we have opposition shooting for " Coalition" . .. i believe there is rigging and the best rigger won But still Atiku & obi division favoured Tinubu votes

The fact that Tinubu lost Lagos and FCT, osun and partly north centre is enough attestation " votes count"

2ndly, that only the presidential result irev log failed to open as promised tells us as Nigerians " Rigging happened" but just that the best rigger won

When i say i am a realistic i means i acknowledge the peculiarity of my environment more instead of living in fantasies or day dreaming ... e.g when you come nd tell me OBi will win without a party he will fix Nigeria blah blah ... a realist cant digest that i under my terrain and i the kind or politics that go on in Nig

Is that what you induced, 2023 perfect because i acknowledge " Divided we Fall " i cant help if you are allergic to the Truth. "SAI baba" " change" where the most popular slogan of 2023 you dont expect it will count
Look at the strategic buildup of the coalition 2023, the names, the structures annexed ... yet you feel all that is meaningless, your Atiku n Obi should have won becos thats what you liked

If your party couldnt prove Tinubu lost Rivers, whats logical to believe here

LegendHero:
Na them call am elite protester? He should be called "paid" protester instead because baba always getting paid from international donors.

This arrest is in Sowore favor because people don dey talk say he purposely delivered Kanu brother and lawyer to the police. Now they can all cool off in Kuje till tomorrow.

If your brothers are killing, do, doing ritual and carrying cocaine to a place like Malaysia ..

Getting paid to Protest for a course that will benefit the people largely is laudable, commendable

Do you know how many times Sowore had slept prison .. he could have being another Reno n still be cashing

if its all about money .. If Sowore submit to work for Wike naa still cashout so why choose money wey carry prison

lapintoz:
Bros shut your enu!

Do a simple search, all the land where MFM churches are built....go and find out the owner of the land. Weather they are in the name of the church/trustees or the personal name of Dr Olukoya.

You will see the wonders of your 10%.

Una mumu too much!

what wonders, MFM belongs to Dr. olukoya as a matter " Right" ... whether the lands are in his name or trustee name is not a subject of conviction or trial

I once heard about an MFM pastor in Uk after gaining members refused to remit any money to MFM designated account and when G.O quried him he changed the name of the church that is relatable to what we are discussing here

i go to MFM, i pay offering i pay tithe i dont give a fvck if Dr odukoya use all that money to buy iphone n gucci shoes But a subordinate pastor diverting church funds to himself that crime before church and law

i pay offering to God i am Mumu But i am sure you pay Tax govt, do you know what politicians use your money to do .. that one no pain Mr wise

ademijuwonlo:
He would never blow that kind of whistle because he wouldn't want to air his church dirty laundry outside, the matter would be handled internally if he had thought it was wrong but I believe he must have had some level of trust on those in charge of the funds

Then you dont know the Man, pastor odukoya has exposed more pastors under him to the police more ... i go to Mfm i know wassup

On sundays there is always a disclaimer message warning members not to donate any money to charity in the name of pastor odukoya/mfm thats its a scam

This is not the 1st report of pastors under Mfm misbehaving and it is G.O thats calls police on them ... he doesnt care dirty lineage outside or not

That man is very immune to public judgement, say whatever he has his principles

SmartPolician:
For those who may not understand this news, the UK government has a unit in charge of poverty alleviation through donations to charities and vulnerable people known as the UK Charity Commission.

Because the government considers churches as responsible organisations[b], they fund some UK churches[/b] so that they can help their active poor members.

However, Nigerian churches in the UK keep lóóting the money as they cannot properly account for it. Now, the government is taking action. It didn't start with MFM; Pastor Matthew Ashimolowo's church was among the first to be caught in the mess.

We complain about government and yahoo boys, now churches are doing the exact same thing! Nigérians are irredeemable!

I dont know how true it is that Uk govt will give money to churches when they havea structured welfare system However " looting" is not even the case, more like phlishing church accounts


According to the news, many private bank accounts were setup autonomously without "linkage" to the central managenent ... I wont be surprise if its daddy odukoya that blows the whistle sef