₦airaland Forum

Also, the day Mr Atiku is declared winner, the value of the naira will collapse to around N1600, and within a week, it will head towards N1800, as foreign investors will scamper out of the country.

The world bank, African Development Bank, IMF, USA, EU, UK and every serious country and institution in the world is against fuel subsidy especially in a country like Nigeria that has endemic revenue problems that dates back several decades.

Mr Atiku claims he knows better than all of them.

They will so punish the naira that by the time it is trading at more than N2000 to 1 Usd, and the price of a loaf of bread is N3500, and a bag of rice is N150,000 Nigerians will beg for subsidy to be taken away again, but it would be too late.

The international community and institutions will look away. Nobody has time for an unserious country.

Nigeria will be on its own then, facing a Zimbabwe-type collapse.

You people should continue. No problem. We sidon dey look.

Even today, petrol is cheaper in Nigeria than in all surrounding countries.

Now think what will happen if it is subsidised and it becomes even cheaper, we'll be back to massive smuggling to neighbouring countries.

Meaning, Nigeria will also be subsidising petrol prices in all those countries with money that the Nigerian government should be using to develop this country.

Wonderful.

If he wins, he will be forced to change his tone on bringing back subsidy as the naira will immediately fall to around N1800 to a dollar and get progressively worse.

The foreign exchange market will teach him a hard lesson. He will immediately be seen as a reckless leader in the mode of Mugabe, or Turkish leader Erdoğan. The markets will destroy the naira.

When people start buying bread for N4,000 a loaf, you people will beg for subsidy to be removed again. By then it would be too late.

There needs to be a revision of Nigeria's criminal law.

The current sentencing tariffs for some crimes aren't fit for today's circumstances.

Sentencing for 100, 150, 180 years in prison needs to be the norm for certain crimes. These sort of super lengthy sentences will send a serious message to criminals and their relatives. Trust me, parents will go back to raising their young children properly.

Sentencing someone to 'life imprisonment' just doesn't have the same psycholohical impact on society anymore even if the final outcome is the same as the super lengthy sentencing above.

Imagine if someone convicted of raping a child, or producing these horrible illegal drugs that is wrecking havoc on society is sentenced to 170 years in prison. I bet you, these crimes will reduce significantly.

oshiokpu:
When you acquire a company you are acquiring both its assets and liabilities. It is your job to do due diligence to be sure that the liabilities are what you can stomach.

From what I heard from a gentleman who appeared on Arise TV the other day, during due diligence sometime in January 2026, the former management sent a letter to the company acquiring Geregu informing the acquiring company that a N34 billion (or so) raised from a bond was safely in an escrow account.

The new management only found out in June/July 2026 that there was no money in the account.

If that account is true, then I'd say there is a legal basis for a potential claim of fraudulent misrepresentation against the former management. Commercial law 101.

I assume there was a miscommunication somewhere and that this would be resolved amicably. Otherwise, we can expect a monumental court case to follow. It will be a legal fight for the ages.

If you are a law student, keep a close eye on this case.

By the way, even if there was no letter from the previous management confirming the money was safely in a bank, and Mr Yari's company was negligent in its due diligence, my view is that the bond holders will likely have a claim against the previous management because if it is true that the N34 billion was raised specifically to acquire another power generation company and the transaction failed because the Bureau of Public enterprise did not approve the acquisition, then the N34 billion should have been kept to pay back the bond, or used for another purpose only if the bond holders approve that other purpose.

If you raise money from bond holders for project A, and project A does not happen for whatever reason you cannot spend the money on something else without the consent of the bond holders.

I bet you Mr Otedola's lawyers have been taking a dissecting knife to all the facts to see where liability for the money lies.

And don't be deceived, people don't become billionares at Mr Otedola's level by writing out easy checks. Even a dollar billionaire will be looking for a way out unless and until his lawyers say, Baba, there is no way out.

If liability falls on the previous management, then every member of the previous board (not just Mr Otedola as Chairman) is affected.

So if your friend, brother, or relative says let me just put your name down as a director for the company I want to register with the CAC, be sure you understand the implications before you casually say 'no problem'.

Bread, one of the foods that's silently condemning millions of Nigerians to a future life of diabetes.

Most Nigerian breads are a serious health hazard. Should be eaten in moderation and probably not more than once or twice a month.

White flour + sugar + margarine = stratospheric glycemic index.

The undertaking is unlawful.

You can't force someone to work for you under Nigerian law.

Even if you stole from the company, you cannot be forced to continue to work for the company.

You're free to resign, and leave.

I just don't understand why the Police would get involved in procuring a forced labour undertaking.

That's good.

I quite like Mr Tinubu, the great reformer, as President of Nigeria.

I hope he wins in 2027.

We need him to enshrine another term of deep reforms to firmly put the foundation of Nigeria's greatness in place before an incompetent President comes and destroy everything again.

So projects that were widely publicised, and approved by the National Executive Council as far back as April is now the subject of a 'leaked' document.

There's zero controversy here, other than election is coming, and the usual noise makers must make a storm in a teacup.

The three railway lines are assets of the Federal Government, so MOFI, the Ministry of Finance's asset management company is a rightful government entity to manage the projects.

The Ministry of Transport doesn't have the exclusive right to manage all federal government projects, particularly as these projects were promoted/initiated by the 3 state governments involved.

Irony1:
Let me ask you one question and you need to be sincere. Can you allow your children or siblings to use NELFUND to fund their education? Let me show you a scenario that people fail to see. When COVID grants came people rushed it forgetting that pay back will come, as of last year people were crying that they were seeing debits for repayment for COVID grant. Look if these guys think they will not be debited after NYSC they are in for a long thing. They have their NIN and BVN along with their expected graduation date and also their data will be captured during NYSC, so definitely they will start to debit them once they finish NYSC.

This is incorrect information.

Those who take the loan will only start paying 2 years AFTER starting work and only a small percentage will be deducted per month.

So, if after NYSC, a graduate hasn't found work for 3, 4, 5, 6 or however many years, he won't pay a dime.

So, this is a fantastic deal for students who need financial assistance to attend a University.

Don't forget too, that in addition to the NELFUND tuition which the government pays directly to the university, the government also gives such student N20,000 per month FREE. And they receive the N20,000 even during holidays. That's N240,000 per year FREE.

How can anyone criticise these arrangements.

NURTW is a creation of a Federal law.

A State Governor does not have the power to suspend its activities.

The courts have made rulings to this effect before.

43Ronin:
Its not possible that English is spoken more than pidgin, & and its not also possible that 22 million people speak fulfude

I believe English is likely spoken more than pidgin.

That's the language of business in Nigeria.

Patnome:
70% of Nigeria speak and understand pidgin

Even most abokis in Abuja speak pidgin

Understanding and speaking it occasionally (when there's a need for it) is not the same as speaking it daily like Yoruba or Hausa.

Also, Abuja us not representative of Nigeria.

lordm:
Why?
Pidgin English should be number 1

Not true.

You can exist in places like Kwara, Ondo, Ekiti, Oyo, Osun etc and not speak a word of pidgin in your daily life for several months.

I'd guess that more than 95% of Yorubas in all SW states don't habitually speak pidgin to one another.

Same would probably be true in most Northern states.

Pidgin is only in common use in Lagos, South South, and I assume SE.

Many housewives want these things, they just can't discuss it with their husbands.

Many women are not getting enough from their husbands, but they have to keep quiet as most men get bitter if their wife tell them the truth.

A sizable proportion of men who have been married for more than 10 years simply don't fancy their wives as much anymore.

Also most men over 50 years, or 40 years if they drink excessively or are in a high-tress job simply can't perform as much any more.

These are realities society don't want to talk about.

People also don't consider that the number of ports need to more or less reflect the size of the economy.

Everybody wants a port in his backyard.

But ports are businesses, not charities.

If there's not enough goods going through them, they will be loss making, and become moribund as investment will divert to profitable ports.

There is Calabar. There is Onne. And Warri. Akwa Ibom is planning to build one. Ondo wants a port too.

Mr Dangote is planning to build the largest port in Nigeria in Ogun.

Haba, where are the goods (import & export) to fill these ports and make them all profitable.

If there is Apapa, Tin Can, Lekki, and the proposed Dangote port, I don't see an immediate need for another port in nearby Ondo.

That's good.

Goods that are primarily intended for the South South, South East, North East, and part of North Central should use ports in the South South that are close to them.

It makes economic sense.

However, any assumption that a fully operational Calabar port will economically transform Calabar, let alone Cross River, or adjoining state is misplaced.

The largest port in the UK is in a small town of about 30,000. In France,the largest port is a small town.

There has been no magical economic transformation of either town. The large prosperous cities of London, and Paris don't have Ports.

Today's modern port function so efficiently that it is just like collecting a consignment from an organised warehouse. Trucks drive into the port town/city, and within 2 hours, they are out heading to their destination. The economic impact of a port on the local economy of its location is not as significant when the port operates smoothly.

If you drive past Lekki Ports, you won't even know there is a port there because it operates so efficiently.

The days when Nigerian ports are a behive of activity with hundreds of trailers waiting, and thousands of people milling around thus creating increased economic activity is coming to an end.

He will. Eventually.

However, one would think a party leader who was genuinely concerned about the release of those children would have issued a press release by now.

Mr Kwankwaso is trying to win some people to his side with an eye towards 2031.

Just 3 years ago, he said he didn't rate Mr Obi.

Today, he still doesn't care about Mr Obi's interest in 2027.

He's just pretending.

The description of the road is inaccurate.

It is Oluku junction (Benin) all the way to Ibadan passing through Akure, Ilesha, Ife, Ikirum, then Ibadan.

They started Ilesha to Ibadan last year. Now they are facing the other side to Akure and Benin.

One road, several towns, villages, and multiple cities.

This is an incredible project.

Many Nigerians just don't appreciate the significance of Mr Tinubu's massive cross-country road projects.

For decades to come, Nigerians will remember a certain President called Tinubu.

The best Nigerian President/Leader ever. Full stop.

Beautiful.

It didn't even occur to me that Adire was seen by some people as a Yoruba thing, until this NYSC bruhaha.

Aso Oke is Yoruba's traditional wear.

I don't know any Yoruba person that 'feels' Yoruba because they're wearing adire, in a way that wearing Aso Oke makes you feel.

Besides, you don't want Adire because it is made primarily in Abeokuta (part of your country) but you want Khaki and T shirts that are made in China, a foreign country

You want the Government to patronise Innoson motors made in the East (I support), but you don't want the Government to use a clothing material made in the West. As a Northerner you insist Arabic must remain on the naira (even though majority of Nigerians in other parts of the country can't read the language), and no one cares, but you don't want a Nigerian institution to adopt a clothing material because according to you, it is associated with a particular section of the country. Ok o.

And I'm sure Adire can by made in any part of Nigeria by those who want to. Learning to make it surely can't take more that 3 months.

But some Nigerians would rather hurt themselves on the alter of tribalism.

In any case, the outfit can be made from locally sourced materials from the North and the East.

They can drop Adrire. Yorubas are instinctively disinclined to fight for cultural supremacy with anyone. You don't do that when you're so confident about your culture.

Any way as long as it is a local material, any suitable local material from any part of Nigeria, it is better than foreign import.

It is easy to say, give powerful arms like AK 47 to local vigilantes and private security companies.

The result will be disastrous for Nigeria.

Many of those powerful arms will end up in the wrong civilian hands. Armed robbery will explode. Kidnapping and terrorism will become worse.

Give it a few years, the violence in the country will be several times worse than it is today, and civil war will be just around the corner.

The best thing is to leave powerful arms in the hands of the police (State and Federal) where there will still be a modicum of monitoring of which officer handles what ammunition.

South Africans have behaved badly.

That's no reason for thoughtless reprisals by Nigerian citizens.

The government will know how react in a subtle but painful way that inflicts serious economic and diplomatic pain on South Africa.

That's where it should end.

Even Mr Trump was complaining a few days ago that US petroleum companies were refusing to reduce prices despite the fall in crude prices.

He threatened that he would initiate an investigation of the oil companies.

In a free market, a government cannot dictate to businesses what price they should sell their products.

The Nigerian government doesn't have the legal authority to impose a price on Dangote refinery.

Like Mr Trump in the US, Nigeria's competition commission can only threaten an investigation. And such investigation can last several months or years as Dangote refinery will rush to court to grind any investigation to ground.

What the government needs to do is ensure that companies that want to import get the necessary icences so that there is competition.

Best President / Head of State in the history of Nigeria.

Making fundamental changes one after the other.

Who asked for his opinion.

Didn't he say we the public are not entitled to know his plans

Very outmoded way of thinking.

There are males and females who don't like sex much naturally. It's not weird.

Why should such person not marry.

You're the pastor that say people should not have sex before marriage. You're also the one saying such person should not marry if they don't like sex.

How will a person who did not have sex before marriage know they don't like sex until after marriage

1. Efo riro.

2. Edikaikon.


They are not bad, but they leave you wondering, what's the noise about.

I sill haven't found anything under the sun that beats a well cooked egusi (not the white or watery type).

muyico:
If you can fully handle frustrations ??

The gentleman should make the move to Lagos, though Abuja might be better since he would be closer to home.

RichBoy247:
Shey na APC contest against itself in all the bye elections in the different states? Where are Obidients nah? Where are Aregbesola, Amaechi, David Mark, Atiku, big fat Dele Momodu and other Internally Displaced Politicians?

They have more important issues like internal rancour, lack of money, and above all, too many court cases, to deal with.

These issues are draining. ADC, and NDC know they can't win the 2027 elections. But they need to make a lot of noise on Arise and social media to deceive their supporters.

nairalanda1:
This is a bad sign for the elections. For the opposition.

APC is winning all their elections. This should not happen.

APC is battle-tested in elections in a way that neither NDC nor ADC is.

That election experience that APC has which neither of the new parties has is a big advantage for APC.

APC also has the people on ground, the nation-wide reach, and above all, the money.

Structure is a key advantage for APC, and PDP.

Even as broken as PDP is, there are still millions of ardent PDP supporters up and down the country. They grew up with it. It is all they know.

APC is getting to that level of inalienable support too because it too has been around for a while now.

However, new parties like NDC, and ADC are simply not well known to people in towns and villages in many parts of the country.

That's a big disadvantage for them going into the 2027 elections.