₦airaland Forum

nairalanda1:
And that's largely the fault of Nigerians .

Most of you support leaders on the idea that it is our turn to rule. Many of you also support the idea of a national cake

That promotes an economy that is resource dependent, not dependent on industries and so forth. So long as the oil money flows, and is shared well, we don't need to develop a local industry

Infact on this site, I have seen many people asking why we are not like Libya and Saudi Arabia because they are oil producers. I don't see Nigerians asking why we are not like Japan or south Korea or even china and Germany and even the USA. It's because most of us think that we should live like trust fund babies. Not like industrialist people. All our needs being met by selling oil money and using it for passive income.

When you do that, there is no room for industries. That affects our universities badly. Because if there are no industries it makes no financial sense for universities to fund up to date labs since that would drive them into horrendous debt. Also abroad it's industries that fund universities partially or fully. This enables universities to pay for good labs and so forth to train the future innovations and so forth.

Finally, our national cake idea means that most of us want to go to school for cheap. That means fees have been kept very very low. Check all the leading global universities. They charge high fees or they also are paid for by state funding which comes from very high taxes . Nigerian government universities for the most part are cash strapped.

How bad is it. ? Last year, Harvard spent 6 billion dollars as it's budget. The entire Nigerian education sector , ie primary to tertiary spent about half of that. And you expect them to be like world leading universities? Some states even don't spend as much as a few million dollars on education , which is why they have wretched looking facilities.

And yet we keep sabotaging education by voting for leaders like tinubu and even the rest who promise a share of the oil money rather than development to improve the earning of money for our nation.Even nelfund that tinubu is promoting is band aid on a very open wound. And we oppose improving tax revenue as well as fighting corruption unless it is our enemy.

So what do you expect?

nairalanda1:
And that's largely the fault of Nigerians .

Most of you support leaders on the idea that it is our turn to rule. Many of you also support the idea of a national cake

That promotes an economy that is resource dependent, not dependent on industries and so forth. So long as the oil money flows, and is shared well, we don't need to develop a local industry

Infact on this site, I have seen many people asking why we are not like Libya and Saudi Arabia because they are oil producers. I don't see Nigerians asking why we are not like Japan or south Korea or even china and Germany and even the USA. It's because most of us think that we should live like trust fund babies. Not like industrialist people. All our needs being met by selling oil money and using it for passive income.

When you do that, there is no room for industries. That affects our universities badly. Because if there are no industries it makes no financial sense for universities to fund up to date labs since that would drive them into horrendous debt. Also abroad it's industries that fund universities partially or fully. This enables universities to pay for good labs and so forth to train the future innovations and so forth.

Finally, our national cake idea means that most of us want to go to school for cheap. That means fees have been kept very very low. Check all the leading global universities. They charge high fees or they also are paid for by state funding which comes from very high taxes . Nigerian government universities for the most part are cash strapped.

How bad is it. ? Last year, Harvard spent 6 billion dollars as it's budget. The entire Nigerian education sector , ie primary to tertiary spent about half of that. And you expect them to be like world leading universities? Some states even don't spend as much as a few million dollars on education , which is why they have wretched looking facilities.

And yet we keep sabotaging education by voting for leaders like tinubu and even the rest who promise a share of the oil money rather than development to improve the earning of money for our nation.Even nelfund that tinubu is promoting is band aid on a very open wound. And we oppose improving tax revenue as well as fighting corruption unless it is our enemy.

So what do you expect?

MadamVanessa:



Forcing lies on people's throat. This past glory school wouldnt want to give up. This is not 60's , 70's 80's and early 2000 that you people were all and all , attaining unimaginable feats. In this present dispensation a lot of schools has emerged and has relegated and pushed this glorified school to abyss . This lies can only be meaningful to the gullible but we that know, knows better.

Evilthoughts:
If you noticed the recent videos of ishowspeed around Africa you would be embarrassed by how our people acted. Nigerians were begging and expecting handouts which sends bad signals to any visitor. I have visited Kenya and they don't beg foreigners, foreigners might give them something out of the goodness of their hearts but they don't harass them.

I have lived in South Africa for years and you will never see them begging tourists or foreigners, even the poor ones act very proud when they see you are not one of them. Why do we always want to project ourselves in bad light infront of strangers even though we are the better Africans with more pride,global respect and hustling spirit. This is why we are even getting disrespected by small small African countries that should be begging to clean our houses for free .
Let us stop the beggy beggy culture, it makes us look weak to outsiders. You can't be begging strangers in your own home. Look at what those weak South African footballers did when they were in Nigeria,giving out food from moving bus windows to humiliate us. Do you think they would take that if the Eagles did same to them? They would stone our players and accuse them of demeaning them. We need to change this behavior before it's too late .

Evilthoughts:
If you noticed the recent videos of ishowspeed around Africa you would be embarrassed by how our people acted. Nigerians were begging and expecting handouts which sends bad signals to any visitor. I have visited Kenya and they don't beg foreigners, foreigners might give them something out of the goodness of their hearts but they don't harass them.
Every anti socialism behaviour especially begging is more prevalent in Lagos.

90% of Lagos exude toxicity. I don't like and I can't live in Lagos

I have lived in South Africa for years and you will never see them begging tourists or foreigners, even the poor ones act very proud when they see you are not one of them. Why do we always want to project ourselves in bad light infront of strangers even though we are the better Africans with more pride,global respect and hustling spirit. This is why we are even getting disrespected by small small African countries that should be begging to clean our houses for free .
Let us stop the beggy beggy culture, it makes us look weak to outsiders. You can't be begging strangers in your own home. Look at what those weak South African footballers did when they were in Nigeria,giving out food from moving bus windows to humiliate us. Do you think they would take that if the Eagles did same to them? They would stone our players and accuse them of demeaning them. We need to change this behavior before it's too late .

Agbalowomeri:
Or insiders are running away?

Agbalowomeri:
I don't even understand whether na AwesomeJ people dey recycle the shares which has been unending for a year Lol
Even if the supplier has 10B shares e suppose don end by now. Something beyond ordinary is not right with ACCESS

emmaodet:
Hmm

BabsO2:
China is made up of regions that compete in growth of their respective GDP’s. They do not operate a feeding bottle economy where money is collected by central government to be shared to regions like Nigeria share money to states from the centre. Each region struggles to make its money by producing things. That’s like each state in Nigeria actively working for the state to be attractive to people and businesses and making its money. And not waiting for money to be coming from a center even if the state is unproductive and contributing nothing to the prosperity of the Nation. That’s one of the reasons China got to its current level - internal regional competition at growing regional GDP’s through hard work.

GeeKudi:
The people in ADC, LP (you didn't mention these two), PDP, APC et al are Nigerians. They are part of the 'Nigerian culture' we are talking about.

SonofElElyonRet:
"pull out the drain stopper"

GeeKudi:
Well, leaders are drawn from the citizens. Generally, Nigerians are saints only when the opportunity to be corrupt has not presented itself. Ozekohme is an anti corruption crusader. He could have contested and won election on the basis of his activism.

pluto09:
Nigeria problem is not only about politicians and security personnels.
Almost everyone is culpable.

EDUECO:
If you're a newbie start buying ACCESSCORP because it is the best banking equity in terms of future value and current price!

ACCESSCORP enabled the actualization of Dangote refinery.Dangote said it in one of his interviews.

A happy and prosperous 2026 to everyone.

SonofElElyonRet:
Just because you say it's junk stock doesn't mean everyone must agree with you. I have Japaul and I believe in the vision for long term. For short/ mid termers, they are coming to the market with an offering and price will be pushed up whenever they are ready. No one is forcing you to buy. You are the one acting like self appointed nsempa police, dude!

OsunOriginal:
They would rather steal more than return... they are never satisfied. Only a radical revolution can quench their insatiable thirst. Dont think changing the political party or the person will change anything. It is a zero-sum game.

Ovamboland:
While it is true all those leakages must be plugged and public revenue shored up. That will be enough to hit the mark

There are no countries in the world even half our size that is dependent on mineral export sales almost wholly to run their economy. Minerals commodity prices that are unstable can have damaging effects on such an economy. Taxation of income is the surest and most stable source of public funds.

To have similar revenue buffers like UAE, Nigeria will need to produce and export 70m barrels of oil daily, now we manage to produce1,7m barrels. Where is the market to absorb 70m?

SonofElElyonRet:
Uncalled for, unacceptable, unnecessary

Streetinvestor2:
I will never pay as long as it is not withdrawn from source. It is on record we don't pay tax in the North unless na u wan go do something and it requires tax clearance certificate. The north does not pay shishi. Na only local government money we dey pay.The tax guys they even fear to go many places. The north says they are not paying. All those government loans they gave under different schemes. How many was government able to collect back.Even traditional leaders told his subjects not to pay back all those poverty alleviation loans.Na for una lagos una go pay as u have been paying
Besed that 2027 is no longer far for us to kick them out

EDUECO:
You have started 2026 with your kalokalo stocks?

You dey look for those wey you go dump on?

Stockpromoter:
ROYALEX – Midday Update
By Stockpromoter (Loco)
Royal Exchange Assurance Plc traded 1.313m shares so far. Best bid ₦1.90, best offer ₦1.92, with a strong bid depth of 7.38m shares.
Heavy bids show solid demand and accumulation, while the tight spread suggests balance. ₦1.90 looks well supported; a volume push could see a test of ₦1.92+.

Streetinvestor2:
It better for the person use his money to go play betnaija instead of this kind projection

chimex38:
Also ₦40 in 2029 is poor.
As sure as poor

Streetinvestor2:
All I know is #100 is possible in FBNH in 2026.It does not matter what other bank share price are right now.If transcorp hotel can do #170 by toni.Even kpakus that is suppose to be minus 20kobo is at #13.
And you feel a business with over 100yr existence cannot be pumped to just #100 naira. If not bad management over yrs do FBNH have any reason not to be in 4 digits price as great grand father in banking industry

emmanuelewumi:
If we add his other loans, the debt is in hundreds of billion.


Even with his influence, connection and money, he could not afford to pay back the debts

Value of his portfolio is less than his debts plus accumulated interest and no cash flow to service the loans.

Reason why I believe cash flow should determine the volume of debt to take