₦airaland Forum

These huge debts accumulated over the past years.

I don't know why the previous government was not paying down these debts despite printing N20 trillion naira.

The privatisation of the power assets has not delivered any noticeable positive results.

Lanruze:
Nigerians are not fools, it was immediately Kwabkwaso joined the ADC that Ganduje and Abba Yusuf had a meeting with PBAT.

So Ganduje and ABBA Yusuf are barred by the Nigerian constitution from meeting the president to discuss their party's affairs.

Only ADC party members are permitted to meet?

ADC appears to have messed up the transition to its new executive. They also messed up the court case filed by the party's erstwhile Vice Chairman. They have some time now to return to the Federal High Court and argue their case, and if it is merited, get a favourable decision.

Shouting APC, one party state, Abacha etc up and down is not going to help the party.

They're trying to whip up young people to protest - nobody is even answering them. I remember how difficult it was to get a passport when Mr Aregbesola was Minister for Interior. Today, the young Minister has transformed the entire process beyond recognition. No more waiting for a year, and endless bribing.

Yet, it is that Mr Aregbesola, who was a failed Minister just over 2 years ago that now says he wants to save Nigerian What a joke.

They should pack themselves and their children to protest.

If they don't quickly return to FHC as the Court of Appeal directed, and keep wasting their time on Arise TV, they will only have themselves to blame.

On election day, voters will vote for the parties listed on the ballot paper. If ADC is amongst the listed parties, those who want to vote for them will vote for them.

If ADC, through its own fault, is not amongst the listed parties, then tough luck. The election will hold and a winner will be declared.

Leonardo4:
You people are jokers. state governors or LGA receiving x3., but the allocation of previous administration can still do more in value.

Do more in value? Really.

If their previous revenue allocation could 'do more in value', why were most states unable to pay salaries then. An inglorious phenomenon that has disappeared under the current government.

Also, why are States (the serious one) now undertaking the sort of projects that they were not able to embark on until this administration came into government.

According to reports here on Nairaland, states like Enugu, Imo, Abia, Oyo, even Edo, and no doubt other states across the country are doing big infrastructure projects. Yet according to you, their revenue is terrible.

All Governors have praised Mr Tinubu government's for transforming their revenue situation, yet it is you on Nairaland who have no insight into government affairs that is telling us that the revenue States now receive is nothing compared to before.

No be small thing o.

Rindo69:
Lol!

Overall best in taking loan despite floating naira and removing subsidy!

What's the connection between floating the Naira, removing subsidy, and borrowing.

Many of you just parrot fake opposition 'anger' against borrowing. Has Mr Obi or Mr Atiku said they would not borrow if they became President. What a joke. They will put a dollar-printing machine in Aso Rock and print dollars to their hearts content abi?

Virtually every country in the world that has access to borrow money is borrowing.

The richest countries in the world- Switzerland, Norway, Saudi Arabia etc are constantly borrowing money to improve their countries.

Yet, you expect Nigeria that desperately needs infrastructure to siddon dey look as the likes of even Ghana, Kenya, Ethiopia, Rwanda etc borrow to develop their economies.

No country on planet earth developed without borrowing money. If you know one, mention it.

Lagos State is the most indebted State in Nigeria, yet it is the most developed. If you are Ekiti or Cross River etc, and your people are opposed to your state taking loans to build infrastructure, no problem. You remain stagnant where you are.

NIGERIA NEEDS LOANS.THE COUNTRY SIMPLY DOES NOT HAVE THE MONEY TO FINANCE ITS INFRASTRUCTURE NEEDS.

It is no coincidence that Mr Dangote and his companies, MTN, Airtel are some of the most indebted companies in Nigeria. But they are also some of the richest. Often, you have to borrow to invest, and then pay back the loan from the profits from that investment.

Mr Dangote borrowed billions of dollars to build his refinery. No doubt his mates who opposed borrowing and chose to sit down at home eating guguru are looking at Mr Dangote's refinery success now and wandering whether they too should have borrowed to expand their businesses. If you choose not to take risks in life, no problem. But often, the most successful are people who take risks.

The issue is not about the loan itself. It is about whether you can afford to pay it back, and whether you use it for the right purpose.

Nigeria can certainly afford to pay back its loans. The economy is growing at about 4% annually, though that growth rate may or may not fall in the near term due to the Iran war.

Instead of jumping up at the mention of government taking a loan, citizens should focus on mounting pressure on the government to ensure that loans are deployed for the right purposes.

ZombieDredd:
Buhari must be rolling in his tight grave.

Subsidy monies not seen

1) The increased revenue to states is from where? When was the last time you heard that a state could not pay salaries.

2) All the massive road construction all over the country nko? There is none in your region?

3) Foreign reserve of over $50 billion fell from the sky?

4) Federal government gives free N20,000 per month to tens of thousands of higher institution students all over the country. And that's separate from having their tuition fee paid under the student loan scheme. To you that means nothing.

The only thing that will mean anything to you is fuel subsidy. You want the government to just use all the money to maintain a fraudulent subsidy, and everything and everyone else should be ignored.

Listen, subsidy is gone.

If ADC promises to return subsidy then vote for them. I know they won't even dare to try it. If their presidential candidate wins and he declares that he will return subsidy, the naira will head towards N2000 to $1 within 2 weeks. Next will be N2,500. When you start buying a loaf of bread for N7,000, you will learn a hard lesson and start telling us our Tinubu era was better. Same way some of you reminisce about Jonathan era now.

As long as fuel is subsidised, you don't mind if the country goes bankrupt, abi. No problem.

Nigeria's foreign reserve is over $50 billion.

According to you, he needs another $6 billion to rig abi.

Some of you people ehn.

You complain about light. Some of the power infrastructure is more than 40 years old, and can't cope anymore.

There's universal agreement that tens of billions needs to be spent annually to upgrade the power infrastructure. Nigeria doesn't have that sort of money to spend on power alone as huge spending is also required for roads, health, security etc but some of you are adamant that the government should not borrow.

So, the oyinbo or China man will sell the needed power and security equipment and infrastructure to the government for free abi?

All the 'good' countries that you people run to borrow heavily. Google US Treasuries, UK Gilt, and the French, German, Japanese etc equivalent. These countries are borrowing heavily every 2 weeks (USA), or monthly (the rest). Thailand, Mexico, Brazil, South Africa, Kenya, Ghana - virtually all countries in the world are borrowing to improve their countries.

But some of you are so jerked up at the mention of Nigeria borrowing. Pay tax, you complain. Government borrows because its tax and other income is less than the expenditure it needs to build infrastructure, you complain.

So, the government should just fold its hand, sit down & look while other countries are borrowing to develop their societies?

And then 20 years later, when these other countries (including Ghana) have moved further ahead of Nigeria, you will be a cranky old man/woman complaining bitterly about how Nigeria is a terrible country.

Compared to most countries, Nigeria is not even borrowing much considering the size of our economy.

People should focus on whether the loan is spent well rather that screaming too much loan, too much loan.

Owning 2 estates is good, but not the best approach. Too much concentration of risk.

If he owns 2 estates, that suggest he's probably letting them out. The wear and tear on rented properties in Nigeria can badly reduce the value of the properties in the long run. What looks like a shiny modern estate today, can become a run down and highly devalued estate in 15 years time.

Also, owning an entire estates of rented properties will not do much for the value of each property in the long run. The houses may become difficult to sell individually in the future.

Concentrating ownership in such a way is also risky. Just one unfortunate incident can tarnish the reputation of an entire estate and undermine the value of the properties.

A better bet will be to spread the risk by buying properties in multiple upmarket and middle class locations. That way, he is spreading risk.

The majority of Nigerians do not have the means to pay a cost-reflective electricity charges as the Professor advocated.

It is simply too expensive.

Private companies don't want to invest billions of dollars in the sector because they're not sure of getting back their money.

MTN, Airtel and the rest will take big financial risks in the telecom sector because most Nigerians can afford to buy credit.

This and successive governments need to invest heavily in the power infrastructure while at the same time accelerating economic growth. The more Nigerians earn, the greater their ability to pay for electricity.

Until then, there is no magic wand.

I am in Band A.

For about a year now, I've had light at 23.5 hours a day.

Even through the current power crisis, we get over 23hours. There are days when we get 24hrs.

I suspect that privatisation has emboldened Discos to pursue pure profit by supplying power to a narrow small group of consumers - primarily those in Band A.

That's very wrong. The law should compel Discos to distribute power to all consumers more evenly.

I would rather have less supply so that others (non-Band A) can have some power too.

Anyone that thinks there is an easy solution to the power issue is deceiving himself.

To guarantee 24/7 power across Nigeria, this and successive Nigerian governments need to spend several billion dollars every year for the next 10 - 15 years to install new distribution infrastructure. But then, previous governments, and the present one can't seem to find that sort of money.

Until they do, I don't see where massive improvement is going to come from.

The privately owned power companies seem to channel most their electricity supply to Band A leaving the rest of the population is dire straights.

It is a big problem with no immediate solution in sight.

Please provide the video of where he specifically saidhe would fix electricity in his first term.

If you don't have a video,provide a newspaper record (from the likes of Punch, This day, The Nation, or Guardian) to support your claim.

Electricity has not been fixed by any government since Nigeria's independence in 1960, so how can a government fix it in 4 years.

PDP under Chief Obasanjo spent $16 billion trying to fix electricity yet there was little improvement.

This government hasn't barely spent 10% of that (due to lack of money) yet you expect a magical transformation in power supply.

Back to my main point. Provide an official source showing that Mr Tinubu made the promise you claimed.

That is not to say the current power situation is not terrible, and we all desperately need tangible solutions. I agree with you on that.

I don't watch much football, but I think it may be better for Morroco to play in a middle East competituon, not AFCON.

Other than being in the same continent by dint of geography, there is zero connection between black Africa and the likes of Morroco, Tunisia, Algeria etc

Not in food, culture, or music.

So because you fear your preferred candidate may not win in 2027, you now want an urgent referendum.

Interesting.

Surprised to see my name in your list, as I have never blocked anyone.

richiemcgold:
He currently holds the prize of the worst performing governor in Nigeria.

I just don't understand.

I heard he has been reported at Aso Rock for poor performance, but he continues to plaster the state capital with pictures of himself and Mr Tinubu everywhere

I asked my source why the people are not vocal against their Governor. He said the people are too tired of politicians and that they have left the Governor alone

I heard the Ondo State Governor is one of the most inactive Governors in the country.

Apparently, he no send anybody.

At least it took several days after the war started before Egypt raised its petrol price.

What I don't understand is why Dangote refinery straight away increased prices shortly after the war started.

Why did the company raise prices immediately despit the fact it had fuel in in storage when the war started

What would it cost to let Nigerians continue to buy what was already in storage at the old price.

That's subsidy through the back door.

Another route for monumental corruption.

Government should not get involved. The war will not last for long. Soon petrol prices will be back to normal.

In Nigeria...it will not work.

And I know the people promoting this scheme know in their hearts of hearts that it will not work.

Example - 90% of the boreholes sunk by local government, State governments, and federal agency (at hugely inflated cost) stop working shortly after installation.

The so-called $750m will mostly end up in private pockets.

Next.

I am so indifferent about their wars.

Let them sort it out.

These people don't care a jot about what's happening in my environment. I too don't care about their environments.

Always amusing to see many Nigerians arguing for or against one side or the other and wasting their time and energy. Yet, neither side even respect them as humans.

Africans are the easiest people to colonise on planet earth. Even if they acquire PHDs, they still worship foreigners who hate their guts.

Returning the stolen money without a court guilty pronouncement will set a bad precedent.

Returning the money is an admission of guilt.

Any public officer or political appointee found guilty of stealing public funds above a certain amount should be barred from holding public office for at least 10 years.

FFK to Germany is a big win.

Mr Tinubu is really quite forgiving.

Mr Reno to Mexico is a plum one too, but one step below Germany.

Judolisco:
Tinubu no really get wahala oh... Baba Don resolve almost all naija issues oh, from fuel scarcity, fuel subsidy to ASUU strike issues..... Na only light remain like this

True.

Some people just don't want to accept that in less than 3 years, the man has taken on and solved many of the big problems the country has faced for several decades.

The electricity one, I don't think that will be solved for another 20 years.

That's because with privatisation, most of the elements required to improve things are no longer in government hands.

I am not sure the government is even generating electricity any longer. Everything has been privatised, so it now depends mostly on private generating companies. Private companies will not invest more in generation unless they are sure they will.make their money back and since most Nigerians does have the means to pay, it would be a miracle if all of Nigeria has 24/7 electricity in the next 20 years. Except ofcourse, Mr Dangote comes into the fray.

The only thing the government controls now and which it can invest in to improve is the distribution infrastructure.

So anyone expecting a government to 'solve' the electricity problem probably doesn't understand the current set up.

Ashirioluwa:
G

@President Tinubu’s tailor is the worst Nigerian native custom-made tailor.

I an not sure it is the tailor.

Most of Mr Tinubu's attires does not suit his physical stature.

I think he looks better in Yoruba-style buba and shoro with agbada than the long-top format he wears.

Good news.

Whether in politics or economics, Mr Tinubu is a pragmatic deal maker.

The only issue with the oil deals is you may not see a drop of oil from that deal for 2 years due to the infrastructure that is often required to get oil out of wells.

Hopefully this one will be faster, as I believe drilling had already taken place years back.

ASB717:
Can't the bag of rice or carton of spaghetti be embedded with real time tracking and listening device

Abi o.

One marvels at what appears to be a gaping hole in technical capability within the security services.

For example, when they catch one or 2 of those motorcycle- riding bandits who are part of a large group, one would think they will detain them for a day or 2, release them but only after putting tracking devices in their motorcycles.

Inevitably, upon their release the bandits will ride the bikes back to their group's forest location thereby giving the security forces an easy opportunity to identify and attack the location taking out virtually all of them.

But there is no sign that the military does this kind of thing.

The bandits' base can't be more than 10 kilometres from wherever they want the food dropped.

The fact that the security services still doesn't have drones to trace bandits like this is just perplexing.

Outrage where?

Trust some easily manipulated Southerners to suddenly support this man for political reasons.

In all that long speech, here is the only thing he said about the bandits '...even though the abductors are complete ignorant. They will beat and kick their victims.'

So bandits are merely ignorant

The man couldn't even bring himself to condemn the bandits.

The only other thing he said was that the government was targeting opposition.

This man is not really against bandits, and he is probably also upset that the likes of Malami and El Rufai are being dealt with by a Southern president

No smart person should be deceived.

Israel can't take on Turkey without the US, and I can't see the US taking on Turkey, a NATO member.

As a military power, Turkey is no joke.

In what way is Whizkid even a 'great' artist, to warrant comparison with Fela.

Even amongst his peers in Nigeria, Burna boy ranks higher.

Comparing Wizkid to fela is like comparing Eberechi Eze to Dennis Bergkamp because Eze made a few sublime passes in a couple of matches.