₦airaland Forum

I think the FCT should have been excluded from the NCDC to begin with. In fact they should be removed. They already enjoy a special status as the FCT.

anonimi:
The agbero below has a message for you.

I see you are of those naysayers eh? Continue waiting for the messiah that's going to build you a house without first first digging up your land, or the other one that promises to build an airport on top your oil palm plantation while you continue farming the same land!

We in real town know that there is no progress without sacrifice or advancement without cost. Like the so called "agbero" in your tale and all the citizens that have borne the cost of rebuilding our economy, to them I say joy cometh in the morning. We would not let those with silver tongue, whose only intention is to regain power invalidate our collective sacrifices to build an economy that works for all, and a nation we can proudly call our home. We will not let them take us back to the days of building castles on sand.

#ForwardEver

DWO

There will be no peace for naysayers as Nigeria finally turns the corners on doldrums! it is going to be an era of "gba gbos gbas" for all those waxing nostalgic about an era that left us borrowing to pay salaries of civil servants and elected officials alike. An era that characterized by net negative job creations. An era where 9 out of every 10 university graduates had no chance at full or even under employment. Soon you will run out of newspaper headlines to use to mislead. Keep at it! Nigeria has already left most of you behind.

A careful analysis of that article shows 82% reduction in indebtedness on that credit facility. If you consider the additional $300million plus payment for 2025; you are looking at over 91% reduction in total indebtedness. Yet, people whose sole intention is to mislead are spinning this as a negative? Una go spin tire!!

#NeverGoingBack #ForewardEver

DWO

Is this individual, living in Dubai, claiming the moral high ground to critique a policy aimed at invigorating the local economy and bolstering self-sufficiency and independence? What a glaring display of hypocrisy! This is precisely why he repeatedly vies for the presidential office. For this person, everything revolves around politics; every statement he makes and every action he takes is politically motivated. He is incapable of, and has no intention of, aligning with the truth unless it helps his progression towards Aso Rock. The Deborah incident immediately springs to mind as a perfect example of this!

#ForwardEver

LegendHero:
But El Rufai said politicians decamping don’t matter and that they only have 1 vote.

Yesterday, PDP boys have been crying since about Tinubu visit to Katsina when they saw how the people receive Tinubu with love and maximum support.

They sell lies on social media while on ground reality kicks.

Atiku cannot escape it, in that same North, Tinubu will defeat him just like he did in 2023.

They haven't seen anything yet! They will soon realize that there are different categories to the political hurricane that is PBAT.

That is because this one doesn't understand the fundamental issues that stagnated the economy. PBAT has in less than 2 years solved 2 of the hydra-headed issues of multiple FX rate and fuel subsidy and reshaped the Nigerian economy. By taking on this issues, he was able to free up resources to settle the backlog of FX, and also makes funding available for Capex.

#ForwardEver

DWO

ACF over to you! This is very close to home.

These are the type of statements you hear from appointed leaders--leaders that don't take the time to look back and see if anyone is actually following them. Yes, Every Geopolitical region will decide 2027 and every other presidential elections thereafter as always. Every vote will be counted and will count.

Yes, every region in Nigeria can compete fairly with any country in the continent but not until each region is free from bad leadership. Leaders that have never taken the time to ask what their people really want. How come we have never heard ACF demand good governance from the elected officials in these states? Does the ACF not understand what a federal system of Government is? Is the security situation in the north a new development? where was this same ACF when PMB grappled with this situation for 8 years?

ACF claims to represents the North, but only as a bargaining chip for a minority of people interested in retaining their stronghold on the dividends of democracy due to the northern citizens. What has the ACF done to resolve the conflicts in Plateau State? What have they done to resolve the issues in Benue State? Or are those not part of the so-called north?

Unlike ACF that is fighting to maintain the status quo, where the wealth of the north is entrusted to the privileged few from a handful of states; this government, PBAT is focused on bringing the dividend of democracy to every northerner, as is every Nigerian. PBAT is working assiduously to develop our vast reservoir of Human Resources across every region of the country. We call on every elected official, North or South to join hands with PBAT to deliver the dividends of democracy to your constituents.

So to ACF, we are not counting by Regions, Geopolitical Zones, States or even LGA. We are counting by Towns, Villages, wards and door to door.Not the north or the south, but Nigerians, will determine the outcome of 2027 and every other elections thereafter.

Forward Ever!

DWO

I hope states learn to stop sending inchoate minds to the Senate to represent their interests. The legislature is not for attention seekers. If Governance were a ship/train, the legislature is the engine room. If a governance were akin to restaurant, the legislature would be the kitchen. Whether or not you get to your destination depends largely on what happens in the engine room. What you eat at the restaurant, is concocted in the kitchen. It is definitely not a place for attention seeking drama queens/kings.

Naysayers keep wishing against facts and figures, the truth of the matter is the bottom is in. They did all they could to exacerbate the pains of repositioning our economy on their fellow citizens for political gains, yet they fall failed to turn back the hand of clock on PBAT's determination to remake our economy. Daily now, the good news are trickling in, yet they prefer lies and propaganda to sell their mission. They are tugging on ethnic disaffections to promote their agendas. #DOA! Forward Ever!

The Bottom is in! The Bottom is in on our pain and suffering! The bottom is in on our economic free fall! The bottom is in our infrastructural neglect and decay! The bottom is in on the decay of both our educational and healthcare delivery systems nationwide!

DWO

Even 2031 has been settled! Nigeria is never going backwards! Forward ever!

Jones4190:
2027 is already settled for tinubu, let them wait for 2031

They can come from any direction they want, there's no vacancy in Aso Rock. The era of policy somersaulting is over for Nigeria. We are at the start of the journey to a prosperous nation, to a more equitable economy and the birth of a nation that's truly reflective of a sovereign nation blessed with both natural and Human Resources.

Tough as it might be, we are never going back to leaders that think the strength of your economy is measured in the value of your currency against the dollars. Leaders that are ignorantly fixated on subsidizing the dollar at the expense of infrastructures, natural and human resources development and only to the benefit of the few. Forward ever!

DWO

Now that your bet has not only been called, but raised by PBAT and the APC, all of a sudden defection add no electoral value. This coming from the same man that thought so highly of himself, his electoral value and of the subsequent domino effect of his defection, that he assumed the SDP leadership would have no choice but to hand over the entire structure of the party to him. What a joke!

Forward ever!

Someone who couldn't govern an ethnically and religiously homogeneous state, wants us to believe he has the solutions to the problems of Nigeria. Well, no one's buying it. Nigeria is being reborn on a daily basis. We're forging ahead in the quest to build a nation, that we all would be proud to call home. Forward ever!

This one is fast becoming an embarrassment to her constituency and the state she represents in the Senate. Her antics are fast unbecoming of a Senator of the Federal Republic Nigeria, and casts a doubt on her seriousness about representing her constituency. She might in her myopic mind see this as a popularity contest, she has failed to grasp the fact that she's robbing her state of equal representation. While she goes about playing to the gallery, Kogi state is short one Senator.

While I see some use cases for this feature, I do think its use should be limited. And should absolutely not be available for any posting with political undertone. Else, all postings on this forum would be nothing but a mere regurgitative echo chambers of like minds. Case in point: One of those people that post national economic data on here with the sole intention to manipulate and mislead others here blocked me from presenting the same data in its full context, or the very least provide an alternative explanation for the said data.

You all will need to do better than this to achieve your aim of creating disaffection within Lagos APC Even a much more focused and cordinated campaign of calumny against PBAT for 7 years straight (between 2015-2022), sponsored and championed by people closest to the seat of the highest power in the land, failed to create disaffection within the Lagos APC. #YellowJournalism at its worst. Here's a piece for your entertainment:

Resident kick against Tinubu's son, Seyi over shortages of Croissants in Paris

A growing number of Parisians are voicing their frustration over an unusual and persistent shortage of croissants in several popular arrondissements, with some residents directing their ire, however speculatively, towards the recent high-profile visit of Seyi Tinubu, son of Nigerian President Bola Tinubu. While local bakeries cite supply chain disruptions, the timing of the shortage coinciding with Mr. Tinubu's stay and his reportedly large entourage has fueled local discontent. "It's become a daily struggle just to find a decent croissant before 9 am," complained Michelle Dufontt, a long-time resident of the Le Marais district, gesturing towards a sparsely stocked patisserie shelf. "One expects certain things in Paris – good coffee, reliable metro, and available croissants. Since Monsieur Tinubu and his companions arrived, the latter has become a luxury. It's absurd, perhaps, but the coincidence is noted by many."

DWO

I can only imagine how overwhelmed you all must have felt throughout this ordeal. Please take this experience and use it as a fuel to shape your dreams into reality. Move on, but never forget this moment in your life.

That said; to all Nigerians far and wide. This is a call to nation building. We must all join hands and build our nation. We must all make the needed sacrifice to build an economy that works for us all. We must learn to let go of the nostalgia of a the so called "great economy" of the past, a false narrative whose only lasting legacies are those of youth unemployment, criminality, scammers and a nation without laws or order.

2027 is not going to be a North V South Affair! The only people that want to frame this a such are desperate politicians, that have nothing to offer the people of the country, but rather want to capitalize on the temporary birth pains of the arduous task of rebuilding an economy, that they ( the same set of people) grounded.

The author took the wishes and aspiration of a PDP member and tries to spin it into a plot line. Why wouldn't Atiku, El Rufai and the PDFP hope that 2027 election is about the North and the South? Why wouldn't a group of has failed politicians and "has beens" with nothing to show, at best, or negative trails of antecedents, want to grab onto old fracture lines to get to power? Why wouldn't a party that failed at internal democracy and self governance, attempt to ride on the wave of ethnic disaffection for a chance to gain control of governance?

PDP is a failed party desperately seeking to stay relevant by pulling on our national faultiness . Going by the events of recent, they should worry more about savaging their party rather than 2027. There seem to be a lot for them to get right as a party. A party that cannot self govern yet wants to govern a nation. A party that is not guided by its own constitution yet, wants us to trust them with our nation. A party that failed to complete a national secretariat in almost 20 years, wants to build our nation. A party that has failed to evolve in almost 3 decades, wants us to give them the reins of governance in the era of artificial intelligence.

2027 will be anything but North Versus South! Because north or south, wherever you are from or live within the sovereign borders of NIGERIA; our aspirations are one and the same. More to come!

DWO

They call it "day of reckoning"! It comes for everyone. That's why our parents raised us all to walk the straight and narrow. That said, I am afraid it's going to be a season of reckoning for all the so called "Azaman" of the world.

In my conversation with an old friend, who happens to be an immigration lawyer, he talked about these new expanded background checks. Everyone with a file before the USCIS now, get's this thorough criminal background check. Back in the days, it was just criminal conviction check. Now if your name as much as shows up in speeding ticket, it is flagged for further investigation which could potentially lead to criminal charges. And a criminal charge, means your application is automatically denied. They are doing the same thing with Visa applications, this time granting Visas to some that thought their transgressions had been forgotten, only to be arrested at the port of entry.

This is the truth that some on this forum never want to hear. Like it or not, in time no one will be able to escape the reality that this is by far the best President this country has ever had. We've had Presidents come and paper over the faults--massive faults lines--in the foundation of our economy. PBAT could have easily done the same and be celebrated for it. But he chose to do the needful for the sake of our future, the future of our children yet unborn.

Building an economy that truly works for all requires making sacrifices. The President is leading by example. Choosing to sacrifice the love of the people for the sake of their betterment is an uncommon trait for our politicians--dare I say politicians world over.

DWO

Leaders simply lead!

PBAT is leading our nation out of years of stagnation. All well meaning people are beginning to see that the nation has been reposition for extreme growth the likes that propelled Malaysia, Thailand, Singapore and even China into their current economic state. According to Lil' Wayne, "This is a major move right here, you gotta get with it or get lost".

To all my youth, get productive! Find ways to access means of production and be productive. It's a National Ribirth! You are living in a period of National Rebirth, do not be afraid to be reborn yourself. Leave behind all old storylines, the old fracture points and join hands with PBAT as he midwifes a new Nigerian Economy that truly works for all.


DWO

DavidMm:
Okay, let's break this down. If the value of currency B is now one-third of its exchange rate versus the dollar a year ago, it means:

Last year, 1 unit of currency B bought $X dollars.
This year, 1 unit of currency B buys X/3 dollars.
Or, looking at it from the dollar perspective:

Last year, $1 bought Y units of currency B.
This year, $1 buys $3Y units of currency B (because you need three times more B to get the same dollar).
Now, let's consider the country's GDP. GDP is typically measured first in the local currency (currency B). Let's say the country's GDP in currency B was GDP
B
​
both last year and this year, based on your "all else equal" assumption which implies the volume of goods and services produced and their prices in local currency haven't changed.  

To get the GDP in dollars, you convert the local currency GDP using the exchange rate:

GDP
dollar
​
=GDP
currencyB
​
×(Exchange Rate in dollars per unit of currency B)

Let's apply this:

Last Year: GDP
dollar_old
​
=GDP
B
​
×X
This Year: GDP
dollar_new
​
=GDP
B
​
×(X/3)
Now, compare the new dollar GDP to the old dollar GDP:

GDP
dollar_new
​
=GDP
B
​
×(X/3)=(GDP
B
​
×X)/3=GDP
dollar_old
​
/3

So, mathematically, if the nominal GDP measured in local currency remains exactly the same (GDP
B
​
is constant), and the only change is that the exchange rate of currency B to the dollar falls to one-third of its previous value, then the country's GDP measured in dollars would indeed also be one-third of what it used to be.

However, the "all else equal" assumption is highly unlikely to hold in reality when a currency loses two-thirds of its value. A drastic currency depreciation like this would have significant impacts on the local economy:

Inflation: Import costs would skyrocket, leading to higher prices for many goods and services within the country. This would likely increase the nominal GDP measured in currency B, even if the real output (volume of goods and services) doesn't change much.
Changes in Output: Exports might become cheaper and potentially increase, while imports become more expensive and likely decrease. Domestic consumption and investment could also be affected by the resulting economic uncertainty and inflation.
Debt Burden: If the country or its businesses have dollar-denominated debt, the cost of servicing and repaying it in local currency terms triples, potentially leading to defaults and financial instability, which would negatively impact local GDP.
Confidence and Capital Flows: A sharp currency drop can trigger capital flight and reduce investor confidence, impacting economic activity.  
Because of these real-world effects, the GDP
B
​
figure itself would almost certainly not remain the same. It would likely increase due to inflation but could decrease due to reduced real economic activity caused by the crisis.

Therefore, while the mechanical conversion using the new exchange rate would result in the dollar GDP being one-third (assuming local GDP is unchanged), in reality, the actual dollar-measured GDP would be the result of both the exchange rate fall and the complex changes in the local currency GDP caused by the economic shock. The actual outcome could be a fall to roughly one-third, more than one-third, or less than one-third, depending on the magnitude of inflation and the change in real economic activity in local currency terms.

But based purely on the isolated effect described in your question and the "all else equal" assumption (meaning GDP
B
​
is constant), the dollar-measured GDP would fall to one-third.

The true size of the Nigerian economy measured in our local currency is at the very least 7 times what the dollar value is and at least 2X what it was at the end of PMB's 2nd term. Dependency on imports for basic needs such as food, education and healthcare are the issues. Local production using local content and domestication of production would in time reveal the gains of this current pain--the rebirth pains of a nation!

Okay, let's break this down. If the value of currency B is now one-third of its exchange rate versus the dollar a year ago, it means:

Last year, 1 unit of currency B bought $X dollars.
This year, 1 unit of currency B buys X/3 dollars.
Or, looking at it from the dollar perspective:

Last year, $1 bought Y units of currency B.
This year, $1 buys $3Y units of currency B (because you need three times more B to get the same dollar).
Now, let's consider the country's GDP. GDP is typically measured first in the local currency (currency B). Let's say the country's GDP in currency B was GDP
B
​
both last year and this year, based on your "all else equal" assumption which implies the volume of goods and services produced and their prices in local currency haven't changed.  

To get the GDP in dollars, you convert the local currency GDP using the exchange rate:

GDP
dollar
​
=GDP
currencyB
​
×(Exchange Rate in dollars per unit of currency B)

Let's apply this:

Last Year: GDP
dollar_old
​
=GDP
B
​
×X
This Year: GDP
dollar_new
​
=GDP
B
​
×(X/3)
Now, compare the new dollar GDP to the old dollar GDP:

GDP
dollar_new
​
=GDP
B
​
×(X/3)=(GDP
B
​
×X)/3=GDP
dollar_old
​
/3

So, mathematically, if the nominal GDP measured in local currency remains exactly the same (GDP
B
​
is constant), and the only change is that the exchange rate of currency B to the dollar falls to one-third of its previous value, then the country's GDP measured in dollars would indeed also be one-third of what it used to be.

However, the "all else equal" assumption is highly unlikely to hold in reality when a currency loses two-thirds of its value. A drastic currency depreciation like this would have significant impacts on the local economy:

Inflation: Import costs would skyrocket, leading to higher prices for many goods and services within the country. This would likely increase the nominal GDP measured in currency B, even if the real output (volume of goods and services) doesn't change much.
Changes in Output: Exports might become cheaper and potentially increase, while imports become more expensive and likely decrease. Domestic consumption and investment could also be affected by the resulting economic uncertainty and inflation.
Debt Burden: If the country or its businesses have dollar-denominated debt, the cost of servicing and repaying it in local currency terms triples, potentially leading to defaults and financial instability, which would negatively impact local GDP.
Confidence and Capital Flows: A sharp currency drop can trigger capital flight and reduce investor confidence, impacting economic activity.  
Because of these real-world effects, the GDP
B
​
figure itself would almost certainly not remain the same. It would likely increase due to inflation but could decrease due to reduced real economic activity caused by the crisis.

Therefore, while the mechanical conversion using the new exchange rate would result in the dollar GDP being one-third (assuming local GDP is unchanged), in reality, the actual dollar-measured GDP would be the result of both the exchange rate fall and the complex changes in the local currency GDP caused by the economic shock. The actual outcome could be a fall to roughly one-third, more than one-third, or less than one-third, depending on the magnitude of inflation and the change in real economic activity in local currency terms.

But based purely on the isolated effect described in your question and the "all else equal" assumption (meaning GDP
B
​
is constant), the dollar-measured GDP would fall to one-third.