₦airaland Forum

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.

Iamsane:
All these dribble just to make it hard for the eventual takeover by any responsible government with zero tolerance for corruption with wicked greed.

Takeover by a government when the government is the one killing the electricity industry in Nigeria through TCN, what a wonderful way to solve the symptoms of the problem instead of the problem itself.

TechBaron:
2026

65 years after independence, Nigeria is still having this conversation.

How exactly did Togo, Benin, Mali, Burkina Faso, and Senegal which are poorer countries, figure this power issue out?

Can't we contract experts from these countries to fix our power problems?

It's shameful that I'll be arguing Nigeria's infrastructure superiority over other West African nations, yet I'm still haunted by stories of blackouts and National grid failure back home.

Extracting experts when the government is the bottleneck?

grandstar:
Buhari destroyed the economy with lamentablr economic policies.

When Tinubu got there, there was only $3.99bn is the net foreign reserves. The net foreign reserves refers to the part of the foreign reserves that is unencumbered. This was not even enough to cover 1 month of Imports

The shortage of fx was so bad that it chased some multinationals such as GSK out of Nigeria. Remember the airlines were complaining about not getting the fx they paid. It was that bad.

The net foreign reserves is now over $40bn, enough to cover 8months of imports.

Buhari destroyed the economy while Tinubu is continuation of Buhari

grandstar:
The size of the economy is what you should look at and not the population.

The fundamentals does not justify 10,000 to 1.

The Naira is already quite undervalued as it is. That's why the foreign reserves have grown. More fx is coming in than going out.

Forex reserve have grown from $60 billion with population of 160 million people to $46 billion with a population of 230 million people, what kind of growth is that?

grandstar:
There's over $40bn in the foreign reserves, enough to last 8 months, which is twice as high as the minimum of 4 months.

$40 billion in forex reserve for a country of over 230 million people swimming in a foreign debts of $47 billion. Do you wish to have a exchange rate of ₦10,000/$?

ribbit:
mostly greed.

Buhari heavily supported and subsidized them.

Bring out the list of those Buhari subsidized?

ribbit:
That's a lesson for those who believe that Nigerians actually prefer foreign products.


Nigerians want cheap quality products not foreign.

Those locally made rice would have chased foreign rice out of the market if they actually produce good quality rice and lower price.

But no, their greed won't let them be.

Greed?
You celebrate Nigerian government when they removed subsidy and accused Nigerian farmers of greed while consuming a foreign product subsidized by there government.

Lordofalmajiri:
Importers will have no choice but to align eventually... We must support local production that fuels our economy and provides employment opportunities.

We can only hope Dangote will not turn up price on us later on.

After using tribe and religion to vote in bad government that promises to reduce your purchasing power, you now hoping that the prices of petroleum products will not increased.
Continue to hope!

grandstar:
Won't lifting the high import duty on food imports not bring prices down?

What does comparative advantage and subsidies have together?

After lifting up the high import duties, where will get the dollars to import from aside IMF loans?

ecolime:
Na banks and stamp duties go fund this year's budget.

No need getting loans from China

When you stop dreaming, some billion dollars loans with collaterals: crude, gas, lithium is around the corner.

bluefilm:
Where is my dearly beloved OPay?

Well, I guess OPay doesn't even need any recapitalisation simply because

OPay is The Bank

A financial institutions don't recapitalization?
Ignorance is very dangerous!