thisisit: E BE LIKE SAY THOSE PETROLEUM CABALS 4 NIGERIA ARE FUELING THIS IRAN WAR SO AS TO KEEP THE PUMP PRICE OF PETROL ABOVE 1K PER LITRE FOR NIGERIA ....
This is what happens when when you take gradual and consistent steps forward. Over time it will amount to great development. A simple lesson some so called leaders are yet to grasp. We've heard some of them saying we will stop this and stop that rather than saying we will start this or that.
smallsmall: And How much Annual Tax have you been paying on that #2.5Million? Despite the #2.5Million, you still look Wretched. Despite the #2.5Million, you have not been able to grow your Corn-Seller Business and you are still by the Roadside! I pray you DONT get runover by a Truck. Stockholm Syndrome at Play.
This kind of fake stories is what you hear, from poverty-stricken people who are offered Money to indict themselves. In any sane Society, she will be forced to payback all owed \taxes or even go to Jail.
But ofcourse, this is just GOVT PROPAGANDA ON STEROID, using their Social Media Paid Influencers to spread lies.
She looks wretched? She's at work for goodness sake. You expect her to be draped in gold?
And you wonder why countries are looking for nuclear weapons. Self preservation is the first law of nature. Some people are still tempted to colonize others by force.
dgr8truth: not many people will make meaningful comment here because they don't know the implication of this mismanagement or corruption.
This revelation by the IMF exposes one of the biggest problems destroying the lives of ordinary Nigerians, a lack of transparency and accountability in government spending. When expenditures worth about 2% of GDP can happen outside proper budget records, it raises serious questions about how public funds are being managed by Tinubu government.
For the average Nigerian struggling with high food prices, unemployment, poor healthcare, bad roads, unreliable power supply, and rising costs of living, these are not just accounting errors — they represent opportunities lost. Every untracked naira could have been a classroom, a hospital, a road, support for small businesses, or relief for struggling families.
A government that demands sacrifice from citizens through subsidy removal, higher taxes, and economic reforms must also show discipline and honesty in how it manages public resources. Transparency cannot be optional.
This is why corruption remains deeply entrenched in this Tinubu system: billions can move through unclear channels like the gbajagate while ordinary Nigerians are asked to endure hardship in the name of economic reform and recovery. No nation can build trust when citizens feel the burden while those in power avoid accountability.
Nigeria does not lack resources; it suffers from poor management, waste, and a political culture where public money too often escapes proper scrutiny. Until accountability becomes stronger than corruption, ordinary Nigerians will continue to pay the price for the failures of leadership.
So, what exactly are these projects awarded or implemented outside of the budget? Did IMF mention any? Did government offer any explanation? No, none of these happened, just a bunch of unsubstantiated allegations.
[quote author=urchman3000 post=139919549][/quote]We are on the right trajectory obviously and if we sustain it the benefits you talked about will become more apparent and more widespread. The fact that we are producing and exporting more is something that Nigerians should be happy about.
While you are here trying to create a narrative. Only a mad person will try to stop the momentum already created in the economy. Who do you think in making money from these exports, Ghanians?
Trustyourself: If you say "come", a Yoruba child won't understand unless you say "wa"
How come they even got up to 51%?
I wonder o. Yet, when you hear of Nigerians doing wonders academically all over the world they are often Yoruba. Something is wrong with your 419 statistics.
when it is time to share juicy position, recruit for NNPC, DPR, CBN etc. they share it among themselves, but when police work comes out they start calling on the public to apply
Their weaponization of poverty is the problem here, if the economy were good, only those who loves to trade akara will do such jobs
our parents won't do it because that's the only option they have to survive
If you must know my wife is making millions of Naira today, she sold pure water as a child. There's dignity in labor. What the first lady was trying to convey is not taught in schools.
warrah: Where are your own piglets?? Abi you don't want to become rich?
Of course I do. But I am not wailing like you. I am doing something about it and I am seeing great results. I don't ask for handouts and wail all day long on the internet.
While Chinese youths are learning AI the wife of Nigerian President is telling us to start frying Akara business and corn roasting.
Nigeria’s First Lady, Senator Oluremi Tinubu, made headlines after a video surfaced of her advising citizens that starting small-scale businesses, such as frying akara (bean cakes), roasting corn, or making kuli-kuli (peanut snacks), does not require much capital.
One thing she didn't say is that you shouldn't go to school. The richest farmer in China is worth more than $15 billion dollars and he started with only 22 piglets. Someone like you will roast all of them saying you are it all because you were hungry.
DoTheNeedful: I hope Nigerians who can't see beyond government's ownership of enterprises can learn something from this information.
There is a strong correlation between the economic growth of any nation and the number of billionaires it has. As the Chinese economy grows, the number of billionaires in China grows. It is the case in any economically buoyant country.
The economy of most working countries in the world are run by entrepreneurs who are able to deploy capital into various sectors of their economies. These entrepreneurs are usually big dreamers and ambitious.
Nigeria has a few like Dangote, Otedola, Abdul Samad Rabiu, Adenuga, and even Elumelu. Nigerians don't appreciate these people due to jealousy, and the uninformed belief that large scale businesses should be owned by the government. Unknown to many people, Nigeria need many of these big dreamers for us to thrive economically as a nation. We need them in large scale commercial farming, power generation, information technology, hi-tech engineering, real estate, healthcare, and so on.
One of the reasons we don't have constant power in Nigeria is because we don't have enough private sector participation in generation. We have been conditioned to think that it is only the duty of the government. I used to believe it too, until I conducted a research on power generation in most developed countries, and I realized that most are driven by the private sector. In fact, with the exception of the US, the top capitalized companies in many advanced stock exchanges in the world are utility companies.
The US is nothing without the private sector. The best universities (Ivy League + MIT , Stanford e.t.c) in the US are private. The best hospitals like Mayo Clinic, Johns Hopkins, e.t.c are private. The largest employer of labor in the US are private companies. The electricity used in most homes are provided by the private sector.
We need to embrace the private sector more in Nigeria for the country to work better.
God bless you. This simple logic is what Mrs. Tinubu was trying to convey but the usual suspects immediately went to town with their usual nonsense. Imagine Sao Paulo alone with 41 billionaires. Amongst these are poultry farmers, cow ranchers etc. Some of the industries Nigerians will look down upon.
Mbanda: Databoi tell your goddess to look into the points below.
What we need more than anything in Nigeria is a change of attitude. How can anyone convince a creature like you that some of the biggest companies in the world had very humble beginnings. Jeff Bezos started Amazon in his garage for example. Trust me, handouts are not the best way to go. Unfortunately, you may not truly understand this until you are old and grey. If you don't want to grill corn perhaps you can pop it, there are businesses making millions from it. Of course you wouldn't know.
Mrs. Tinubu should have told them what they like to hear. She should have said there's unlimited amount of money on the internet just waiting to be taken with little or no effort. She should have encouraged them to explore crypto currency and various online schemes. Quick money is what most young Nigerians are looking for.
christejames: Mrs Jezibel should have asked if they people have money to even buy akara and roasted corn 😏
Garbage comment. I bet you couldn't read the Chinese language she used in describing how her office provides grants for people. Is it even her responsibility to provide grants? A system where people rely on hand outs is a system working against your natural instinct to survive and provide for yourself and your offsprings. Many of you have a warped idea of what the government should be doing for you.
Our capacity is small at the moment. We can't even pay teachers, and have to rely on Youth Corpers, so I doubt we'd be spending money on "superior ammunition and guns included amord tanks, gun helicopters", and I doubt our criminals will stay in our state and not go bother other states.
I hope they think this through.
Pay teachers or have no teachers at all because the schools will be empty if children are being kidnapped. What are the things important to you? I would suspect these are the things you would focus on.