₦airaland Forum

NaijaNaWaa:
Let’s call this the “Dangote Tax.” They’re trying hard to hand him petrol market just like cement.

No they are not , just watch

Stevosty:
keep living in denial.

You dey mind these clowns , in the coming day their eyes will open , it's Tinubu they are joking with

Bobodee09:
Comprehension and basic economics knowledge would have saved you from this embarrassing point.

You don't know this crafty man like I do , if you think he did this protect Dangote than you are a🤡.

We know his cronies are the ones with the high stakes in the import business...Give it some days let's watch , if this gives Dangote any edge then I will come here and apologize..

BreakingNews21:
Time for the brand new service chiefs to address the oil bunkering issue and eliminate it.

You people love jokes 😂😂😂 too much

bigpicture001:
This should be the final nail on coffin of fuel importers..

Now tinubu is serious!!!!!!

So you people want to keep pretending not to know hevis actually the head of the importers ? We love to live in denial

So price of petrol about to go up by another 15 percent ....this man is truly heartless abeg

ZoomTravels:
You have been traveling since you were born eh? As in you just walked out of the womb and start boarding planes? Anyway I thought to share with you a summary of what your masa and provider of stats created tool conclude about the two countries. So now, you can carry your bags and go to Liberia seeing as you have no idea how to interpret data. Liberia’s GDP per capita appear higher than Nigeria’s mainly because of population size — Liberia has only about 5 million people, while Nigeria has over 220 million.

Even if Nigeria’s total economy is much larger, its wealth is spread across far more people, making its GDP per capita lower. I see you have no rebuttal to Sudan, don’t tell me you are about to board a plane there now

When you compare countries you do it per head or per ever 100 thousand people...Liberia has just 5milion people so you can't compare size of economy but eve at that I can and still prove it's better ...let's go

Nigeria GDP -187 billion dollars

Liberia GDP - 4.3 billion dollars

Nigeria Population: 239 million

Liberia population - 5.7 million

So in essence Liberia population is just 2.3% of Nigerias population yet their GDP is also 2.3% of ours ...

Can you see even GDP wise you are not better than Liberia ...

Well I don't think there is anywhere that can match Nigeria pound for pound when it comes to overall poor standard of living , please if you do tell me let me fetch the data

Andela is dead and shouldnt be there

ZoomTravels:
So I guess we doing this, I have actually been to Monrovia just in 2022 for their land of return celebrations as I was invited by a friend I met decades ago in China and can tell you it’s one of the worst capital in Africa. Your rant about exposure is a conversation to be had with your kins, peep the user, I have been traveling before they even thought of conceiving something like you. Since life only matters to people like you when it’s only Christians being murdered but you ignore the many more Muslims who have been killed in mosques, for more than 2 decades Nigeria has been in a slow burning civil war all funded and armed by the same people pretending to be Aid givers just to get to your resources and who wake up every morning to feed your empty mind with fake statistics. There is a term for your kind (useful 1d10T). Yes Nigeria is no paradise and has its problems (deserving of being on the list) but how is it the worst country on earth? Based on what statistics is Nigeria worst on life expectancy? Same people who keep spoon feeding you that Yemen is a better country or Afghanistan is? Or the same ones that just provided you a list that those countries are better than Philippines, Thailand or Vietnam? Are you actually having a laugh here? Some of you really need a check up to be honest. Would you rather live in Syria or Nigeria? Because then I can be able to judge that you probably belong in Aro hospital. GDP per capita isn’t the only metric for quality of life because it measures economic output, not well-being. It ignores factors like income inequality, health, education, environment, and life satisfaction, which all affect how people actually live. 60% of the total 20 million plus living in Lagos is 12 million, to be clear so you can see your obvious low IQ, you are telling me that on a daily basis 12 million of people in Lagos daily go by the road side to poop? Where are you pulling the stats from? Your behind? What level of self hate is this? We literally just watched 460 people unalived yesterday in Sudan at a hospital and you are here arguing what exactly? Read authors like John Perkins and maybe you will have a tiny knowledge of how the world works boy

Oga I have been traveling right from the year I was born ,so I am not one those people you will age shame or broke shame .. well let's get back to the Crux of the matter and use this Liberia to compare with Nigeria on just a few social and economic data points and you tell me where Nigeria beats Liberia ..

Pound for pound

Liberia GDP per Capita --- $846

Nigeria GDP per Capita -- $806

Liberia. Life expectancy - 62 years

Nigeria Life expectancy - 54 years

Liberia out of school kid-- 2.4 million

Nigeria out of school kids- 18 million

Liberia inflation rate - 12.4 %

Nigeria inflation rate - 25%

Liberia exchange rate. - $1=201LRD

Nigeria exchange rate -$1 =1485 Naira

Liberia Maternal mortality- 0.7%

Nigeria maternal mortality -1.04%

Liberia homicide rate - 4 in every 100,000

Nigeria homicide rate - 21 in every 100,000

Oga Sir I can go on and on and you will not find a single social or economic data pound for pound that you can out perform Liberia

The problem is some of you are either not observant or not sharp or just deliberatelyive to live in delusions of grandeur.

SisterAnn:
Waawu!


Sad he took his rascality into old age.

White hair has never equated wisdom.

That man is a certified rascal

Gun carrying on campus , violence, weed smoking, Juju worship , all him don do

ZUBY77:
He has been rewarded with our National Theatre. It was a a well planned action.

It will be reversed in due course, he doesn't deserve it

helinues:
I don't think dollar to naira rate can drop to N500 except if we want to continue with the subsidizing of dollars

I wonder where y'all get this idea that the Naira is not being being defended..
Well data show it's being defend almost at the same level with previous govt ..

See below year by year interventionz

Ofcourse it would give Nigerians more disposable income to be able to jumpstart. The dead economy

A new Informal Economy Report 2025 reveals that over 40% of informal businesses in Nigeria make less than $12 in daily revenue, painting a vivid picture of resilience amid rising economic hardship.

Despite contributing roughly 65% of the country’s GDP and employing more than 80% of its workforce, the sector’s fragility remains exposed.

“The informal economy is Nigeria’s silent engine, but one that’s running on fumes,” the report noted.

The report identifies the informal economy as overwhelmingly young, with 38% of businesses run by entrepreneurs aged between 18 and 34.

Many of these youth-led ventures are small, often family-operated, and locked in a cycle of survival. Only 40% of these businesses gave employees, underscoring their micro-scale nature.

Retail and general trade dominate the space, accounting for 44% of informal activity, followed by agriculture and creative services. Yet, beneath this industrious energy lies a harsh truth: most of these enterprises barely stay afloat.

While revenues for many businesses have grown in nominal terms, profitability continues to lag. Inflation, volatile exchange rates, and rising supplier costs have eaten deep into earnings.

The report found that 41% of women-owned businesses earn less than $6 in daily profit, compared to 34% of male-owned businesses.

This gendered income gap reflects not just market realities but structural inequities in access to credit and resources.

A staggering 79% of respondents said their operating costs surged in the past year, driven largely by inflation, higher transport expenses, and supplier price hikes.

The country’s weakening currency has compounded the strain. Small traders dependent on imported goods now grapple with shrinking margins.

Meanwhile, multiple layers of taxation from federal, state, and local authorities continue to discourage formalisation.

“Entrepreneurs perceive registration as a tax trap rather than a growth opportunity,” the report explained.

“Formalisation remains unattractive when it brings more costs than benefits.”

Despite Nigeria’s rapid fintech expansion, cash remains king in the informal market. One in four informal businesses reported that less than 10% of their transactions are digital, highlighting a significant gap in adoption.

While many businesses now use bank transfers to buy supplies, few use point-of-sale systems or mobile apps for customer payments. The reasons range from transaction fees and poor connectivity to distrust of digital systems.

Bridging this divide is essential to integrating informal businesses into Africa’s growing digital economy.”

Efforts to formalise Nigeria’s informal sector are ongoing. Initiatives by both the government and private sector, such as digital registration drives and tax incentives supported by fintech firms like Moniepoint, aim to make compliance easier.

But the transition remains slow. Many entrepreneurs associate formalisation with red tape, not opportunity.

“Until registration brings visible benefits, like access to loans, training, or government support, most informal operators will stay where they are,” the report war
Report: Over 40% of Nigeria's informal businesses make less than $12 daily
Segun Adeyemi
28 October 2025 02:12 PM

Nigeria’s vast informal economy, stretching from street vendors and market traders to roadside artisans and small-scale farmers, remains both the heartbeat of Africa’s largest economy and a reflection of its deep-rooted inequalities.

Shoppers and traders in a congested street market in Lagos, Nigeria, on Monday, July 17, 2023. [Benson Ibeabuchi/Bloomberg via Getty Images]
Shoppers and traders in a congested street market in Lagos, Nigeria, on Monday, July 17, 2023. [Benson Ibeabuchi/Bloomberg via Getty Images]
Over 40% of Nigeria’s informal businesses earn less than $12 daily, revealing the fragility of Africa’s largest informal workforce.
79% of small business owners report soaring operational costs due to inflation, fuel hikes, and the weakening Naira.
Women entrepreneurs remain the hardest hit, with 41% earning under $6 per day in profit, compared to 34% of men.
Despite fintech growth, cash still dominates transactions, with only one in four informal traders using digital payment tools.


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Shoppers and traders in a congested street market in Lagos, Nigeria, on Monday, July 17, 2023. [Benson Ibeabuchi/Bloomberg via Getty Images]
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A new Informal Economy Report 2025 reveals that over 40% of informal businesses in Nigeria make less than $12 in daily revenue, painting a vivid picture of resilience amid rising economic hardship.

Despite contributing roughly 65% of the country’s GDP and employing more than 80% of its workforce, the sector’s fragility remains exposed.

“The informal economy is Nigeria’s silent engine, but one that’s running on fumes,” the report noted.


A young but struggling workforce
A view from Wuse Bazaar (Fruit Market) in Abuja, Nigeria on February 18, 2024. [Getty Images]
A view from Wuse Bazaar (Fruit Market) in Abuja, Nigeria on February 18, 2024. [Getty Images]
The report identifies the informal economy as overwhelmingly young, with 38% of businesses run by entrepreneurs aged between 18 and 34.

Many of these youth-led ventures are small, often family-operated, and locked in a cycle of survival. Only 40% of these businesses have employees, underscoring their micro-scale nature.

Retail and general trade dominate the space, accounting for 44% of informal activity, followed by agriculture and creative services. Yet, beneath this industrious energy lies a harsh truth: most of these enterprises barely stay afloat.

“Informality provides jobs but not prosperity. Without access to finance, basic infrastructure, and supportive regulation, young entrepreneurs remain trapped in low-income activities,” the report emphasised.

Profitability gap and gender divide
A woman selling fresh fish prepares some pieces for a client at a market in the Obalende area of Lagos on December 18, 2023. [Photo by BENSON IBEABUCHI/AFP via Getty Images]
A woman selling fresh fish prepares some pieces for a client at a market in the Obalende area of Lagos on December 18, 2023. [Photo by BENSON IBEABUCHI/AFP via Getty Images]
While revenues for many businesses have grown in nominal terms, profitability continues to lag. Inflation, volatile exchange rates, and rising supplier costs have eaten deep into earnings.

The report found that 41% of women-owned businesses earn less than $6 in daily profit, compared to 34% of male-owned business
This gendered income gap reflects not just market realities but structural inequities in access to credit and resources.

“Women dominate informal trading and services,” the report noted, “but they face systemic barriers, from limited financial literacy to societal expectations, that stifle their ability to expand.”


The Informal Economy Report 2025 paints a stark picture of Nigeria’s rising cost of doing business.
A staggering 79% of respondents said their operating costs surged in the past year, driven largely by inflation, higher transport expenses, and supplier price hikes.

The country’s weakening currency has compounded the strain. Small traders dependent on imported goods now grapple with shrinking margins.

Meanwhile, multiple layers of taxation from federal, state, and local authorities continue to discourage formalisation.

“Entrepreneurs perceive registration as a tax trap rather than a growth opportunity,” the report explained.

“Formalisation remains unattractive when it brings more costs than benefits.”

Digital divide in a cash-first economy
A customer withdraws newly-designed Nigerian 1000 naira banknotes from an automated teller machine (ATM) in Lagos, Nigeria, on Monday, Feb. 6, 2023. [Benson Ibeabuchi/Bloomberg via Getty Images]
A customer withdraws newly-designed Nigerian 1000 naira banknotes from an automated teller machine (ATM) in Lagos, Nigeria, on Monday, Feb. 6, 2023. [Benson Ibeabuchi/Bloomberg via Getty Images]
Despite Nigeria’s rapid fintech expansion, cash remains king in the informal market. One in four informal businesses reported that less than 10% of their transactions are digital, highlighting a significant gap in adoption.

While many businesses now use bank transfers to buy supplies, few use point-of-sale systems or mobile apps for customer payments. The reasons range from transaction fees and poor connectivity to distrust of digital systems.

“This digital exclusion limits efficiency and record-keeping,” the report stated.

“Bridging this divide is essential to integrating informal businesses into Africa’s growing digital economy.”

Efforts to formalise Nigeria’s informal sector are ongoing. Initiatives by both the government and private sector, such as digital registration drives and tax incentives supported by fintech firms like Moniepoint, aim to make compliance easier.

But the transition remains slow. Many entrepreneurs associate formalisation with red tape, not opportunity.

“Until registration brings visible benefits, like access to loans, training, or government support, most informal operators will stay where they are,” the report warned.

A woman without facemask receives money from customer inside Mile 12 Food Market in Lagos, Nigeria on Monday, May, 4 2020. [Photo by Adekunle Ajayi/NurPhoto via Getty Images]
A woman without facemask receives money from customer inside Mile 12 Food Market in Lagos, Nigeria on Monday, May, 4 2020. [Photo by Adekunle Ajayi/NurPhoto via Getty Images]
Despite the challenges, experts say the informal sector represents one of Africa’s greatest economic opportunities.

Access to affordable financing, digital tools, and training could transform small traders and artisans into sustainable enterprises. Gender inclusion is another key pillar.

“Empowering women entrepreneurs through tailored financial products and digital literacy programmes is essential for shared prosperity,” the report urged.

Nigeria’s informal economy mirrors a continental reality. Across Africa, more than 85% of jobs exist in the informal space, from Kenya’s jua kali artisans to Ghana’s market women and South Africa’s township traders.

https://africa.businessinsider.com/local/markets/report-over-40-of-nigerias-informal-businesses-make-less-than-dollar12-daily/rl1ggx5

Go and use Google Earth and you will find a secret runway in the forest in Kogi being run by a northern kingpin who is known for snuggling...so I will not be surprise they have more of these secret runways

ZoomTravels:
The way some of you reason is really baffling. You are just willing to gobble up any drop of propaganda. Have you seen what quality of life in Liberia, Sierra Leone looks like? I’m sure the Yemenis constantly pounded by the Israeli and western governments and according to the WHO going through a food crisis is way ahead of a country like Thailand (on the list) which is the number 1 destination in Asia for the same people who prepared this list. I bet life must be so great in Sudan and Somalia that they did not even make the list. By the way I will like you to show me “that data of yours, that shows with 99% accuracy “ that Nigeria is worse than the few examples I gave and thus deserving to top the list. By the look of the list we should all even be migrating to Afghanistan tomorrow mtcheeew

Take this type of low IQ away from , for your information my immediate brothers wife is from Liberia and we go there from time to time ...If you are living in Nigeria and cannot see that it's one of the worst places on earth , well I have been to quite some Countries and Nigeria is the one with worst standard of living I have seen pound pound..

Show me one African country that is facing the number of terrorists groups we have in Nigeria today
Show me one African country that is faces the kind of kidnapping Nigeria is facing

Show me one country in Africa that has more out of school kids than Nigeria

Show me one country in Africa today that has more poor people than Nigeria

Show me one African country that has lower maternal and infant death than Nigeria today .

Show me one country in Africa today

Show me one country today in Africa where Christians are killed daily more than Nigeria

Nigeria has one of the lowest GDP per capita in Africa , worse than Sudan and Syria ..


Many of you are are not exposed enough , once you live that your small town and enter tertiary institution you start thinking that the Nigeria ends in Maitama and Ikoyi


So you know 60 percent of Lagosians do open defaction still?

So you know Nigeria has one of the highest homeless population on earth ?

Do you know that that Nigeria has one of the worst life expectancy in Africa if not the worst ? Do you know why Nigeria has the highest youthful population in Africa ? It's because we don't have enough old people, most people die before they are 55 years old .

You mentioned Sudan but that Susan has better GDP per Capita and better life expectancy than Nigeria , you mentioned somalia but our GDP per Capita is slightly larger than theirs but the have better life expectancy .. you people love to live in delusions

indigenous234:
If you look very well, don’t be surprised the RSF is populated with Fulanis.

RSF is the actually what was known as supporter of APC back in the day when they were used to attack Dafur region

DiarisGodoo:
Pure nonsense

Xxxxxxxx

Keep decieving yourself , all the available economic and social data shows the list is 99 percent accurate

Top 25 Countries with the Lowest Quality of Life in 2025

1. 🇳🇬 Nigeria
2. 🇧🇩 Bangladesh
3. 🇻🇪 Venezuela
4. 🇱🇰 Sri Lanka
5. 🇪🇬 Egypt
6. 🇮🇷 Iran
7. 🇵🇪 Peru
8. 🇻🇳 Vietnam
9. 🇵🇭 Philippines
10. 🇱🇧 Lebanon
11. 🇰🇪 Kenya
12. 🇮🇩 Indonesia
13. 🇵🇰 Pakistan
14. 🇦🇱 Albania
15. 🇹🇭 Thailand
16. 🇰🇿 Kazakhstan
17. 🇨🇱 Chile
18. 🇨🇴 Colombia
19. 🇲🇦 Morocco
20. 🇦🇿 Azerbaijan
21. 🇺🇦 Ukraine
22. 🇷🇺 Russia
23. 🇹🇳 Tunisia
24. 🇧🇷 Brazil
25. 🇦🇷 Argentina

https://x.com/Globalstats11/status/1983580810122031280

Buhari 1983

Buhari 2015

Bokku Soyinka mart ..Mart for Tribalists

I smell this playbook will happen in Northern Nigeria soon , Islamic terrorist will causes a blockade that stops fuel and electricity supply fir moving into the north

Harddiskng:
I don’t trust Dangote but I trust the Jagaban 001 of Nigeria - On your mandate we shall stand 🫡

God bless Nigeria 🇳🇬

Person wey don run your life generational handicap

Same way he removed fuel subsidy without thinking deep and set himself up for monumental failure

daniwise:
This yeye man.He is a full APC member.The other day he was seeing among APC members,he was even wearing an APC muffler.Thisan's opinion doesn't matter to Nigerians again.

He was working for APC and Tinubu then and people thought he meant well , I can never forgive those men for derailing the best govt I have seen in Nigeria till date

SisterAnn:
Comrade, I didnt read your post before responding to a quote from zero8zero who said he had marked me 😂

I made it abundantly clear to him that I don't take prisoners and shoot to kill!

Hahaha 😃

These Agbadorians ehn 😬

Abeg help finish that zero man 😂

lordwoz:
This Nobel Prize Award they pain some people shaa...

To be frank some people just hate this man because of the Nobel Prize...

Is he the only person that has won Nobel prize ?

Putindbutt:
Prof WS is really dealing with some people. He has the cure for their madness

Still doesn't stop his VISA from being revoked 😂😂

Thunderfayamods:
Show me where he called Johnathan's wife Shipopotamus.
All these hate and insults because he did not support Obi. Las Las na high bp go settle una matter.

He did, he described her as a Swamp Hippo

9jatriot:
I think FG should take this a step further and find out how those names got smuggled in, particularly the drug related convicts. I am convinced that the drug barons and sponsors sneaked in those names, this will be a good opportunity for NDLEA to now know who some of the drug sponsors are.

Are you joking ? You are wondering who the drug Barons are?

Simpleshafee:
Good one,Maryam Sanda’s name has been dropped.

Maryam Sanda wey her family go don fly out

Because of devaluation Tinubu govt is earning 3 times less than former govts so he has to borrow additional dollars