₦airaland Forum

Lovelife433:
This is very commendable, ATIKU and his family has the interest of this country in there heart.

But if it was Mr Tinubu's son, you would be up in arms.

Nigerians

The saga has badly hurt the Oyo State Governor's standing.

However, this being Nigeria, people forget easily, so any damage to his political standing is unlikely to be long lasting.

But 2027 election is not enough time for people to forget, so his credibility as a potential Presidential candidate in that election is shredded. His political enemies will not let the scandal go unless he pipes down his 2027 ambition.

Luckily he is still young enough to 'regain popularity' after 2027.

And my position above is not a commentary on whether he acted properly or not in the N50 billion saga. It is simply my take on how the negative publicity surrounding it will stick in people's minds for longer than he would want.

Jamie248:
Because this is like declaring to Nigerians that Black is White when everyone including you can clearly see that it is still Black

If you'd deign to indulge me though, what exactly are the 'non-oil' exports that have displaced crude sales from its prime position per forex income?

'Forex income' as you put is not some magically powerful revenue that is superior to other forms of revenue, afterall the foreign revenue Nigeria earns from oil is still mostly converted into Naira by the CBN before it is shared between the federal govt and the States. Exactly the same way revenue from FIRS, Customs and other domestic source are shared in the same manner.

So foreign revenue is not so super special that a like for like comparison with revenue originating from Nigeria should never be made as you seem to suggest.

If the poster is correct that revenue from crude oil is falling while domestic revenue is rising, it is entirely plausible and the notion shouldn't be dismissed.

Too many numbers.

They need to unify to 1,2 or 3 numbers.

The whole thing is just head-scratching stuff.

How can a Governor receive N30 billion for a specific human disaster, and not mention/announce it at all to the people of the state for nearly 2 years.

The way we are governed in Nigeria is baffling.

Most of Mr Obi's supporters will see nothing wrong in Mr Obi's association with the former Attorney General.

Even yesterday, many of them welcome the other man's comment concerning Mr Obi joining the ADC. But a few days they called him a terrorist sponsor. Since Mr Obi defected to APC, they've stopped calling the man terrorist sponsor.

Until Mr Obi's defection to ADC, they hated everything Fulani. They wanted Sharia magically removed from the constitution, all Fulani sent back to Futa Jalon, and for no Fulanito ever come near the Nigerian Presidency ever again. Today, they have gone quiet on those demands, and welcome Mr Obi's deputising to a Fulani presidential candidate.

It is sooooo laughable.

Putinofrussia:
Let us see how it all ends after his tenure.
Surely,going by realities and according to World Bank,IMF,Fitch Ratings etc.... Cardoso has really tried.

He won African Central Bank of the Year last year.

Turkey was in the same situation as Nigeria, even before Nigeria. Since then, the Turkish lira and their economy has still not really Stabilised as Nigeria has. And in that period Turkey has had about 5 or 6 central bank Governors, as their President keeps sacking and replacing them, including Professors of economics, because there was no improvement.

Argentina was also in a similar situation alongside Nigeria and Turkey. Only 2 months ago, the Argentinian peso was on the verge of another collapse until Mr Trump bailed the country out with $20 billion.

So, like Turkey, Argentina has not recovered.

When countries get themselves into the type of problems Nigeria faced in 2023, it can take up to 10 years to stabilise. It is not easy. Turkey is almost in year 6, still no tangible recovery.

Yet, Mr Cardoso turned things around and stabilised Nigeria's economy in less than 2 years.

Other African countries have been coming to study the Nigerian 'miracle'.

But as usual, many Nigerians only see and want failure.

First Bank Chairman, Mr Otedola has said that the CBN Governor Mr Cardoso, is the best CBN Governor Nigeria has ever had.

https://www.premiumtimesng.com/business/business-news/847084-otedola-urges-cbn-to-raise-banks-capital-to-%E2%82%A61-trillion-as-firstbank-meets-%E2%82%A6500bn-requirement.html

I have been saying this since late 2024. If only people knew what the man achieved by turning around the naira and the economy, from the edge of collapse in such a short time.

He performed a minor miracle.

It was only last week that someone here called for the sack of the 'useless' CBN Governor for poor performance. The things you hear on Nairaland leaves one shaking his head.

I responded to that person that he was the best CBN Governor in the history of Nigeria. I am glad to read that Mr Otedola shares the same perspective.

Better than Prof Soludo. Better than Emir Sanusi. Mr Cardoso just happen to be a very quiet person. Not a noise maker.

This and the coming generation should be thankful to Mr Cardoso. Who remembers when some were certain naira was heading to N3,000?

We were basically on our way to a mini Zimbabwe situation from which Nigeria may not have recovered in 15 to 20 years. Mr Cardoso rescued us.

I hope history records him as one of the most impactful Nigerians that ever lived in this country. His contribution is that serious.

Jakumo:
My experience in Nigeria has been DRMATICALLY different from yours, sir, and I will leave it at that.

Fair enough.

Jakumo:
Having spent enough years residing in America and in Nigeria, I disagree 100% with the opinion expressed by this rapper who claims that the USA is more dangerous than Nigeria. If the rapper had claimed that GHETTOES in America are more dangerous than Nigeria, his statement would be factual due to the prevalence of "Saturday Night Special" cheap and disposable $50 handguns in most American ghettoes, where the gang and drug culture has decimated generations of semi-educated black Americans.

The odds of falling victim to gang violence drop off steeply as soon as one leaves the inner-city ghetto, and moves into any middle class suburb, even if that safe haven is just a few blocks from the ghetto's boundary lines.

In Nigeria, however, there is NO "safe neighborhood" because kidnappers and armed robbers can strike anywhere and any time, against any and all Nigerian citizens who cannot afford to have armed police guards. When driving along any highway in Nigeria, the risk of getting ambushed and kidnapped that is prevalent all over Nigeria, simply does NOT exist in ANY American city.

Unless one is wealth enough to charter helicopters for routine inter-city travel in Nigeria, literally ANY road trip could wind up becoming a one-way trip into hell. The absence of any such ambush danger along ALL highways in the USA , taken as a single factor of consideration, makes Nigeria orders of magnitude more dangerous than any part of America, including the Deep South.

More than likely, the American rapper visiting Nigeria spent his entire holiday in an up-scale area like Lekki or Victoria Island in Lagos, and on noting that there was no gunplay as is a normal occurrence in American ghetto night clubs, concluded WRONGLY that the entire nation of Nigeria must be safer than his ghetto "hood" stateside.

What an exaggerated nonsense.

Tens of millions live in Lagos, Abuja, Kano, Ibadan, Enugu and several other towns and cities in Nigeria and carry on their daily business and activities. How many of them are actual victims of violent crime on a daily basis.

Outside of the terrorist activities in the northern part of the country, crime is not a daily experience of the overwhelming majority of Nigerians.

You are safer in many parts of Lagos or Abuja than you would be in many parts of London.

Lagos is outrightly safer than Detroit, Memphis, St Louis, Baltimore, Cleveland, Oakland, and many parts of Chicago and Philladephia.

That is not to say everything is honky dory here, but there is some definite truths in what the American rapper said.

Lekan239:
Go and tell Ekiti State Govt this one na. I know what they did to me last year with this tax issue just for having a small shop at the market, without knowing my income,they brought 120k for me as tax, same way they gave other small business owners with just 12sqm shops. The crazy part is they said this year will be much higher bcus of the new tax law they will implement

The new tax law will actually help someone like you.

From yesterday, the basis on which your state government can tax you has become enshrined in the new law. They can't just turn up in your shop and slam you with any how tax, levies etc

If you're a small business I.e your yearly revenue/turnover is less than N100 million, you will not pay any company income tax (Federal Tax) on your profit. Beautiful!

However, you will pay personal income tax (STATE GOVERNMENT TAX) on any profit you make above N800,000 at a tax rate of between 15% and 25%. So, let's assume you sell clothes. Throughout 2026, your total sale (not profit) is N45 million. Under this new tax law, you will not pay any tax to the Federal government, and you'll not be required to remind any VAT. So you are completely FREE FROM FIRS wahala. Another beauty!

Now, let's assume again that out of your total 2026 sale if N45 million, your profit at the end of the year is N15 million. Your personal income tax (STATE GOVT TAX) will be around 20% of your N15 million profit minus N800,000, meaning you will only pay tax on N14.2 million of your profit. The reason N800,000 is subtracted from your profit before tax is calculated is because under the new tax law (unlike before), EVERY NIGERIAN IS ENTITLED TO N800,000 of tax-free income per year. So whatever your annual income/profit/salary is, whether it is N1 million or N1 billion, tax will not apply to N800,000 of it.

As you can see, for people who are not 100% against paying tax, the new tax laws are very fair to everyone. Infact, compared to the old tax law, the NEW TAX LAW SIGNIFICANTLY REDUCES THE TAX BURDEN ON SMALL BUSINESSES in order to encourage growth. The new law also provides clarity. There should be no more multiple taxation (though we know this is Nigeria) with different government agents turning up in you shop to ask for payment of different taxes, levies etc

The new tax law completely removes anyone earning less than N800,000 from paying ANY INCOME TAX.

This was not the case under the old law. Yet, even those who fall nto the 0% personal income tax category and stand to benefit significantly from the tax law are being completely deceived on social media that the tax law will affect them negatively.

It is incredible how some Nigerians just want their country to fail at all cost and will go to any length, including blatantly lying to cause fear and chaos.

keemsleek:
What I don't understand is will tinubu too mot pay tax or will his family not pay tax? Is the tax for tinubu or for nigeria? Will the next government not benefit or continue where it's stop? It's all about politics and hatered. Start asking all the government before what they did with ur tax. I have been paying tax since 2006. Most people don't even understand what the tax is all about just want to flow with d noise.

Thank you.

The funny thing is this new tax law actually protects most people and businesses from multiple taxes.

But they are being misled on social media by those who are just intent on creating chaos and instability in the country.

Many taxes have been reduced under the tax law, and other than capital gains tax (which does not affect 95% of Nigerians), most taxes are either at the same level as before or reduced.

Yet, on social media the merchant's of fear and chaos are deceiving people that they will be arrested and jailed if they don't pay tax

bigpicture001:
Today I was sent 13k by a friend stand next to me...

He noticed he was debited by his bank twice, one for the transfer , the other is termed, "electronic transfer fee"

Then I quickly checked mine ND it was 12950 I got with a message that I was charged 50 naira for stamp duty charges..

It has fully began

That has nothing to do with the tax law.

The tax law HAS NOT INTRODUCED ANY NEW TAX on bank transfers.

All the new law has done is swap who is responsible for paying the N50 transfer fee. Until 12 midnight last night,the N50 was deducted from the receiver's account. Under the new tax law, it will be deducted from the sender's account instead. This makes sense.

If I send N10,000 to my cousin who is a student in a far away university. Under the old law,he would receive N9,950 with N50 transfer fee deducted.

Under the new tax law, my cousin will receive the entire N10,000 without N50 transfer fee deducted. I, the sender, will now be responsible for paying the N50 transfer fee, so in effect N10, 050 will be deducted from my account.

So all the new law has done is change who is responsible for paying the N50 transfer fee.

The new tax Law HAS NOT INTRODUCED ANY NEW TRANSFER FEE.

You people are all over social media deceiving people.

IF YOUR BANK CHARGES YOU N50 TRANSFER FEE AND ALSO CHARGES THE RECIPIENT N50, THE PROBLEM IS WITH THE BANKS, not the new tax law. THE RECIPIENT WAS WRONGLY CHARGED. HE SHOULD COMPLAIN TO HIS BANK AND HE WILL BE REFUNDED.

mmadu4:
This government bad ooo imagine taxing people who barely make much at the end of the day .

It shall never be well with them

You have been told over and over again that unless you earn over N25 million per year, the new tax law will have no additional impact on you.

And if you run a business, you will not pay tax on your profits unless your profit exceeds N50 million naira.

Despite all this, you people still run to social media making noises about tax law! tax law!

What is the problem.

The rich people who didn't use to pay tax, and will now pay some tax are not even complaining.

If that photo up there is correct, that's a built up area meaning there is a high risk of collateral damage to nearby buildings and innocent neighbours.

That's serious.

BondRiv:
Another person who should leave is Cardoso.

Cardoso has been one of Nigeria's most successful CBN Governors.

If you knew the peril the naira faced in 2023/2024, where it was heading, and where it has been in 2025, you wouldn't understand where I am coming from.

And the various reforms the CBN has introduced to turn the economy around in such short time is near miraculous.

It is no surprise Mr Cardoso won Africa's Central Bank Governor of the year award. Mr Cardoso seems like a quiet man, but quite effective.

Leaving noise aside, if you give me a choice of Prof Soludo, Emir Sanusi, or Mr Cardoso, I will choose Mr Cardoso as CBN Governor.

A General who went to a very difficult war, commanded his troops, and won is a PROVEN General. If there's another war, I would rather have that General than Generals who have only dealt with riots.

Oshin56:
but kwara state is not SW now

Even if he's from the SW, so what.

This is a meritorious appointment of someone who has proven himself in the EFCC.

Why should he be discriminated against just because he is Yoruba.

[quote author=Zouze However, under what law or constitutional provision would Tinubu issue an executive order compelling state governors to make direct remittance of LGs? You don't issue executive orders without an enabling law empowering same.

You see, it's all talk right now. The only way out is constitutional amendment. The joint account created under S162(5) needs to be deleted. The Supreme Court judgement contained mere declarations.[/quote]You are wrong.

There is no need for a Constitutional amendment before the Supreme Court's position can be enforced.

The Supreme Court's position IS THE NEW LAW on the matter, and so, the President is required by the constitution to enforce the law, whether by Executive Order or otherwise.

The same Supreme Court you claimed only made a declaration has recently remonstrated and stated its displeasure at the lack of enforcement. DO YOU KNOW MORE THAN THE SUPREME COURT.

Whether or not you or I think any part of the Constitution needs to be amended is irrelevant.

If the Supreme Court has compelled the Federal government to do something, nobody, not even the President can resist on the ground that the constitution says this or that.

If the constitution says 1 + 1 is 2, but the Supreme Court determines that the answer is 3, then the correct answer for the time being is 3. Only the national assembly can pass a new law or amend the constitution to counter the Supreme courts position and until it does, the answer is 3 irrespective of what any professor of .mathematics thinks.

The Supreme Court is very powerful.

moscobabs:
When a foreign power takes over kinetic operations on your soil to protect your citizens, you have effectively surrendered your primary duty of sovereignty

Sovereignty looks good on paper, especially the way it is taught at secondary school level.

But in the real world, the concept of absolute sovereignty is non existent.

The only country that comes close to having it is the US because of the unmatched scale of its military power. May China too.

If you desperately need help, you call for it from a greater power. Nothing to be ashamed of.

KingOfAmebo:
I am current enough to know the strike was conducted on December 25, 2025 but the Nigerian government is issuing a statement the following day, didn't you check the date on the statement you uploaded? Have they ever taken this long to respond to statements by Peter Obi?

What does it matter if the US launched their attack at 11.30 pm last night (25 December), and Nigeria's Ministry of Foreign Affairs release its state at 1 am today (26 December). That's just 1hr 30 mins later

Preparing the Ministry's statement may have even started before the attack started, once the government knew the attack was on its ways. The Ministry would be aware that its statement will be read around the world, so many experts in the Ministry will have spent a long time checking, changing, reviewing, and changing it again, just to make sure every word hits the right cord with Nigerians, and with people in the rest of the world. And before the Ministry could send it, they will have received approval from Aso Rock after experts in the Presidency have also scrutinised every letter, word, comma, full stop etc.

Writing a press release for an important international event like this is no joke. It takes time.

The attack launched by the US will be one of the biggest news in the world later today.

Omoawoke:
Nigeria’s security is compromised

True.

But we also don't have the advanced technologies needed to capture intelligence at the level required to effectively deal with the situation.

The few countries that have these technologies rarely sell them. If they do, it will be to their closest alies e.g USA, UK, Israel. The US will not even sell these technologies to countries like France, Germany etc. So there is no way Nigeria can have access to them.

The only other countries with such inter-continental intelligence gathering capacity are Russia, and China.

But the US is tops.

Richie6:
What stopping the Nigerian government from carrying the same air strikes and bombing on terrorist locations and logistics support?

Nigeria doesn't have the technology to identify most of their hideouts.

Very few countries in the world have that type of technology.

Certainly none in Africa. Not Egypt, Not South Africa.

What a joke.

There has not been a time in the last 20 years that the Nigerian economy has relied less on oil than now.

Our non-oil exports has reached record high, and the contribution of oil & gas to the external reserve has been less than 90% for several months. These days the naira doesn't even react to fall in crue oil price like in the past.

Why? Because under this government non-oil exports, including cocoa, fertiliser, Dangote refinery exports etc have exploded.

Since the President has not shown them any favouritism as they thought they would get under a Muslim Muslim ticket, they are suddenly economic critics. They think they can put the President under pressure.

But the President is not for turning. Christian o, Muslim o, traditional religion adherents o, the President treats everyone equally.

So Igbos are the only ones that travel to their places during Christmas.

I am not Igbo,but I am out of Lagos. I am several people in my circle - both Yorubas and non-Yorubas who have travelled to various parts of the country for Christmas. Some travelled abroad.

Great progress.

The reordering of the economy away from import dependence to producing more of what we need is progressing steadily under this government.

Higher import duties are a necessary tool for ensuring that we do not become an economic colony of China.

Same way many Southerners kowtow to Americans, Europeans, and Israel.

It is an ingrained sense of less worth and inferiority.

They talk down their own country and people, believing anything their foreign masters tell them is the truth.

FreeSpirited:
Useless government of retrogression... Always about rules, regulation, stiffling innovation instead of supporting innovation. Always sniffing to eat where they have not planted.
Instead of invest in pharmaceuticals, Vaccine production and research, human capital investment in local drug problem, trade skills... All they know is regulation, tax, ban, and nothing else. Bunch of dead head sadistic leaders

So regulating the sale of medicine online to protect citizens is a terrible thing according to you.

The 'sane climes' many refer to and dream of have all these regulations but you abhor regulations in your own country Even if it is to protect you.

No be small thing o.

And some say he's being targeted because he is in opposition.

Most Nigerians are only against corruption if it involves someone they have no affiliation to.

The Governor should reconsider his contesting for presidency.

South West people are not clamouring for a 2nd SW presidential candidate that will open the door for another Northern president so soon after Mr Buhari, especially by someone who is young enough to wait.

You have a Governor in the same party as you in neighbouring Osun, yet you did not support his re-election

This Governor doesn't command any support outside Oyo State.

Most people don't know you in Lagos, Ondo, Ekiti, and Ogun. If you stop people on the streets of Lagos, or Akure, most of them won't be able to tell you who the Governor of Oyo State is. Even I don't always remember his name.

Yet he thinks it's his turn to contest, even if that means splitting the SW votes

Mr Tinubu was a factor in all 6 Southwestern states toiling and battling for nearly 2 decades before contesting for President.