₦airaland Forum

Harrisonwo:
I'm more interested in seeing if T-pain will still borrow to fund the 2026 budget.
Benchmark was approximately $65/b, if it crosses $70/b then we should have surplus and a boost in foreign reserves since they don't pay petrol subsidy

When the prices of a product increases, the demand and number of customers buying that products reduces. So, where will the surplus come from?

miracle002:
That's the truth my brother. We like praising our oppresors and I don't know why. Look at cement just as you said although he is getting the raw materials locally.

I pray he doesn't fend of his competitors as he has trying hard to do, If not it will be hell on earth

Cement is the only that increased in your eye, other commodities are cheap abi?

esemes256:
If crude oil price rises by 3 to 4%, shouldn't the price of petrol also rise by only 3 to 4%?
Why is petrol price rising by about 14% for a 3% rise in crude oil price?
Why are prices so easy to rise but slow to drop down?

Have you ever heard of multiplier effect in economics?

ravensckar:
Trust me, Nigerians are beyond being saved.

My own anger is how we do the same thing and expect a different result.

Imagine trusting Dangote who got into the cement business and made it unaffordable for the common man (despite sourcing the raw materials locally).

The day that guy will finally fend off his competitors, that's the day Nigerians will see "premium shege".

A good example of doing the same thing and expecting a different result is sitting down, folding your hands watching the money supply of an unproductive nation grows to ₦119 trillion, minimum wage increase in volume and not value, tax increased, the prices of land rises and you celebrate it as the best investment forgetting that land is primary factor of production.
Continue to entertain yourself with imaginary competition and monopoly theories while Tinubu promised to reduce your purchasing power.

udeh3:
My question is simple, especially for those who travels regularly to the middle east: As the international crude price increases, for Oil producing nation, does it affects them in terms of pump price increases?

I'll be waiting for response, cos in Iran, Libya, fuel is almost free!

Basic products like petroleum products are heavily subsidized across the world including Middle East and there is no country with Nigerian kind of population depending crude to survive that is not suffering

NelbromTech:
Now that the government has removed subsidy, where the money enter? Are you seeing the money in electricity, security, Healthcare and others?

Which money?
Government get money?

miracle002:
I made a post about Dangote's ulterior motive during his face off with Farouk. You people ate me raw.

Dangote was reducing the price of Pms, fighting importation and competition just to gain monopoly.

Look at the little shege we are seeing

What would have happened if he had gained absolute monopoly.

You expect petrol prices to remain constant when oil prices are ever changing?
Tell yourself the truth for once.

MrPOTUS:
It's a two edged sword.

A blessing for FG coz they're going to make more money selling their oil to cover their budget deficit and enough to steal, but a curse for the masses coz price of pms will rise

They going to make which money selling which more crude?
Who will leave other cheaper crude to buy expensive Nigerian crude?
Who will buy crude in large quantities with high prices?

jessicahanlo:
Lol. Nigeria is truly a cruise without seatbelt.

So crude crosses $70 and immediately it’s ₦1,000/litre here, but when crude was below $60, did fuel ever come down? Dangote refinery is here, subsidy is gone, competition was supposed to help… yet na we still dey carry am for head.

At this point, marketers don’t even wait for increase to happen again, na forecast pricing we’re doing. Salary no dey increase, transport don double, food don triple, but fuel must always adjust.

Honestly, how is the average Nigerian supposed to survive this? People are already cutting meals, now transport and everything else will skyrocket again. Government should just come out and tell us the truth: there’s no plan. Because this one no be global market issue alone, na pure local wahala.

God help Nigeria, because Nigerians are tired. 😔

Competition was supposed to help!
Wait, in 2026 you still believe the fairytales of competition and monopoly?
Is competition theory immune to the prices of gold, silver, land, oil that keep rising?

kettykin:
What exactly is stopping Aba from becoming a top manufacturing hub in Africa since there is constant electricity in Aba

They are waiting for Dangote to setup a factory and before they rush in

Dunamai86:
Points can be made without subtle jibes . The issue is whatever macroeconomics at play here is not reflecting on the standard of living of Nigerians. That is a salient and undeniable fact.

My apologies
We all know that the APC government have been deceiving Nigerians since 2015. The trillions of nairas mentioned above is a products of APC devaluing the naira to impoverishing Nigerians to deceive them with huge numbers. If the naira was as valuable as the currencies of oil producing countries in the Middle East, the news headlines be announcing " millions of nairas generated from oil revenues with xyz trillion dollars equivalents" and not huge numbers as a product of currency devaluation.
Now, these oil revenues are generated in dollars but why are they solely quoted in naira without the equivalent in dollars if not for deception?

Nextjs:
They said Nigerian government earn 55 trillion naira mast year on just oil alone. They have not talked about non oil export, they have not talked about earnings from taxes of non oil product, earning from taxes on imported goods n services like cars etc, earnings by customs, FIRS, etc.

Budget of last year was 54 trillion naira and only oil covers 99.9% of that.

2025 Nigeria non oil export was $6.1 billion or that's about 9 trillion naira.
2025 Revenue generated by custom was ₦7.28 trillion
2025 federal inland revenue services was ₦22.59 trillion

Let's stop there n go no further like money from banks, all those taxes on value added etc

I have said it before and I will say it again, the trillions of nairas you are taking about are products of naira devaluation, purchasing power reducing and further if Nigerians. Quoting revenue generated from in trillions of nairas is a secret of announcing the draconian polices of the government oppressing Nigerians.
The survival Nigerian is dependant on World Bank, IMF, chinaEximbank, Afreximbanks dollar loans. This loans are what powered the importation done by Nigeria and the profits repatriated by foreign investors back home.
The $6.1 billion non-oil exports is not what a country of 230 million people with majority been young adults should be celebrating in 2026.
We all know that Nigerian economy depends on importation for survival but they have refused to release the 2026 non-oil imports by because they know that they deceiving the masses.

Gajagojo:
That is an assumption

A lot of highly educated Nigerians don't know this, you will see them celebrating the earnings of foreign investors while fighting against the same for local investors.

Dunamai86:
We want to see the impact of this on the standard of living of average Nigerians and not in the ugly hands of politicians

If you study economics in secondary school, you will know that trillions of naira is an economic disaster caused by inflation, in other words. The more trillions Nigeria claims to earn, the weaker the purchasing power of the naira and the poorer Nigerians become.

Nextjs:
And how much did they borrowed under same year?


This is only for oil and not to talk about the non oil export.

Nigeria has no business borrowing money


But the criminals in powers

Nigeria have no business borrowing according you after seeing trillions of nairas forgetting ithe following:
1. Trillions of nairas up there is a product devaluation which means, more nairas, lesser purchasing power.
2. Nigeria is an import dependant economy which import with dollars not nairas, so the trillions of nairas up there is just decoration.
3. The so-called trillions of nairas earnings are done by foreign companies, they earn, Nigeria records it and they take the money back home while Nigerians themselves with foreign investors.

iwaeda:
How much did we borrowed in 2025?

The foreign products you consumed, are those imported with dollars or nairas?

saintopus:
This is a whooping amount of money. So what did they do with so much money and still borrowing?

Your trillions of nairas are how much in dollars?
The title Nigeria earns is misleading because most there so-called earnings are done by foreign companies repatriating back home. In this case, Nigeria earns on paper but looses in Nigeria.

Bimpe29:
Hmn! But, he once said that the pump price reduction is continuous or my memory didn't serve me right?

Pump reduction is continuous as Dangote refinery is refining petroleum products or prices?

grandstar:
He is not.

Charles Soludo and Okonji-Iweala are just two of the economists that have endorsed Tinubu's policies. They are a departure from those of Buhari.

Global credit rating agencies has improved their rating of country.

What was the global credit rating of Nigeria before the disaster called APC came to power?

WhizdomXX:
No, I mean to effectively combat Dangote, because BUA's capacity is effectively going to cover just the south east and south south. It's all about market share.
It's like comparing Nigerian breweries (has capacity to supplying products to all over the country) to Champions breweries that covers Akwa Ibom and a few neighbors.

To effectively combat Dangote?
Is Dangote and BUA now armed forces of two different countries that needs to be at war?

Guilty conscience in display

ajalawole:
oga no make me curse you. You think hungry people like. Even voters card I don't have. I rather stay at home and watch the election. Whoever win should win, we eithr enjoy or suffer it together. Because am Yoruba you think I will hate people because of there tribel or religion. If you quote me again I will curse you. Carry your tribel war go another person not me

ogascomax:
Those that Dangote always fool should come and answer this question. They were busy defending the number one cartel man in Nigeria. I just pity them.

Fools are those will thinks the prices of petroleum products will come down when there minimum wage was increased in naira, excessive money supply over ₦119 trillion with daily increases, taxation laws etc.

WhizdomXX:
BUA's capacity is so little.

You are more concern about the capacity of BUA refinery than the ever increasing excess nairas in circulation causing inflation, high and multiple taxation.

fabolouz1:
dangote is playing with the intelligence of nigerians and this is a terrible gamble.

No, Nigerians are playing with there intelligence thinking earning a ₦70,000 minimum wage will make them rich while rich countries earns below 1,000 of there domestic currency, closing a blind eye to the excess naira in circulation (₦119 trillion), shouting tax the rich I top of there voices!
This is how Nigerians play with there intelligence.

If

skywalker240:
We pray more private refineries comes onboard

My problem with those useless importers and all the other bodies fighting dangote are

Why can't they come together and build at least 3 refineries to check dangote?

Probably importing is easier and cheaper, building is costlier but more profitable in the long run 🤔🤔

Cheaper?
How it is cheaper they there filling stations are selling higher than Dangote partner stations?

skywalker240:
Thank you

We sang till our voices was dried up

We never learned from the cement incident

I just shake my head when ever i see a post praising dangote on this forum

You didn't learn from using tribe and religion to vote in bad government while expecting good governance

DeltaBachelor:
Hmmmm. As expected. They should just peg it at 1000 and allow us rest jare

Oil prices fluctuates up and down, so petroleum products prices are not expected to be exempted.

NwokoloOwa:
Dangote! Very funny man. Same style he used in the cement industry to strangulate there.

Principles of the "The more you look the less you see"

Says a funny citizen expecting good governance from the bad government he voted into power

ajalawole:
price won't go down oga. What dangote is doing is for government to stop importation of fuel, once government stop importation of fuel, trust me dangote can hike price to 1500 per litre. He know what he is doing. We just pray BUA refinery should start working soon

After using tribe and religion to vote in bad government, you are now praying for BUA because of the fairytale competition theory they scam you in school?

TheDemola:
Why this increase now? 😭
#100 increment!! It's too much

When oil prices was dropping in the international market, what where you expecting?

Omooba77:
https://nairametrics.com/2026/01/20/wale-edun-says-fg-will-now-rely-less-on-borrowing/

More lies been published to entertain there gullible supporters. A country of 230 million people with foreign debts closed to $50 billion and need more billions for importation.

Iamsane:
Have we given up hope on ever getting a responsible government in this country?

A responsible government will go after it's failing organisations like TCN and not functioning private businesses.