₦airaland Forum

MarkudiRITA:
Since the war in Iran began, the excess funds we have been making from crude oil & gas sales has not been accounted for and nobody is talking about it.
We have been selling higher than the amount the 2026 budget was pegged with.

Excess funds from where?

NIGERIAJAGAJAGA:
Those banks will sha find s!lly excuses. Like ur ATM will be with u, they will still be telling u maybe someone use it. Na so access did for me in 2024, October. They claimed my ATM was used. Me that my ATM is under my bag, I never use it for once since I collected it and I'm staying alone. I told them how possible it is when is only me staying at home. They sha insisted that my card info leaked out. Banks are working with 419, when they knew we don't have working system.

Are you aware that your phone has dozens of spywares on them spying you per second?
Exposing sensitive details to you phone camera and reading it aloud can recorded using your phone's microphone even if your phone is zero percentage.

engrchykae:
do they need a separate law for cement?

Nigeria and China are two different countries with different laws.
Chinese government subsidizes electricity and cement, favourable tax laws compare to Nigeria with high tax laws, cement manufacturers buy expensive natural gas to generate electricity with no subsidy.

Dalohad:
Ibeto applied for the manufacturing license, he was denied because he challenged the FG in court for stopping his cement importation while Dangote was still importing. It appeared that he was being targeted.

Why stop my important while others are still importing?

When Dangote stopped importing and started producing, he got it but Ibeto did not.

If you don't the story you fem la bouche and open your ears.

The Obasanjo government gave enough time for cement importers to go into manufacturing but a particular importer prefers importing until he lose his licence.
Mangal built a cement plant in Kogi State and started manufacturing. Stop shifting goal post.

Gerrard59:
The acquisition isn't up to six months. So give it time. I am betting on them to produce en masse and make houses/construction much cheaper in the long term. Kenyans on Reddit have even applauded the Chinese for constructing much better buildings at lower prices.

The Chinese are ethnic neutral and only focused on money, nothing else.

Keep betting until you buy a bag of cement for 50k

Aavecoin:
Dangote with the help of Bros FG didn't allow the guy bring cheap cement into the country

Cheap cement subsidized by the Chinese government while you support the Nigerian government to remove subsidy calling it freeoney for the rich.

MrPresident1:
They will crash the price of cement, petrol, gas, medicines, power etc., it is only a matter of time

They have come as a covert for us to shield us from the face of Esau.

By the time some of you wake, the bad government supported by tribe and religion would have make you poorer beyond economic metrics.

engrchykae:
so it would have been cheap if the cement was produced in China and shipped to Nigeria?
Nigerians will perish together, no one will escape

Produce in China under what laws and ship to Nigeria under what laws?

Tenplet:
Me I'm not even concerned if the Chinese are doing business here or in competition with the we igbos..my own is for them to crash the prices of the important items like cement oo LoL we have suffered enough in this country biko

The prices of everything you buy in Nigeria is controlled by the government and not some imaginary competition.

miftaudeen:
BUA Cement #13000 to #14,500
Lafarge Cement #12,000 to #13,500

Competitors price are still cheaper compare to Dangote cement @#15000

Are you aware that prices of products varies based on locations?

Mantee:
Ibeto was sabotaged from manufacturing cement by laws from FG then to favour Dangote and Ibeto

According to you, he was sabotage from manufacturing but encourage in importing cement?

victorazyvictor:
Fat lie!
Cost of production is not high, na wickedness and power of monopoly.

Are you aware that cement companies in Nigeria buys natural gas at international prices to generate electricity, pay huge taxes to the government and use expensive diesel priced at international prices to distribute it?

Sleezwizz:
Charity they say begins at home. Advise Dangote to drop the price of his cement and c how other cement manufacturing companies will follow suit. Dangote is a monopolist.

We all knew what happened to Bua cement when he reduced the price of his cement.

Dangote dropping the price of cement as he is the minister of finance who hiked taxes or CBN governor who devalued the naira?

Deeprooted:
Middlemen are the problem.

Remember when BUA crashed the price to 7k?

Middlemen bought it at the new price but went back to selling it at the same price with that of Dangote

Middlemen are the problem and not the government you voted into power?

justmondris:
Cement is very expensive because of the extraordinary increase in demand due to the fact that the FG is now constructing federal roads with concrete.

Cement is expensive according to you based on an imaginary demand and not the high taxes, high diesel prices, high natural gas prices the bad government you voted into power because of tribe and religion?

Dalohad:
Did you give Ibeto manufacturing licence then, and he refused?

Do you remember why people called Dangote a monopoly who can only thrive when there is no competition?

So it is now citizens that gives licence to manufacture and the not manufacturer applying for licence?
Tribalism has a way of making people become senseless!

whatmoreng:
Hahahahahaha. The cements are produced in Nigeria. Cost of production is very expensive here compared to china

Cost of part the reason but cement is heavily subsidized by the government in China and importing from is way expensive and unprofitable.

8by6incherr:
Google play is rejecting my verve and usd virtual card. How are you guys making purchases on Google play?

Based on my research, Verve is card company owned by a Nigerian company called Interswitch has most of its operations in Africa.

VanuatuWycombe:
This is a welcomed development. Lebara will give MTN a run for its money.

Glo may eventually kpai or bought over.

By time you wake up, you would have spend 5x on them.

erico2k2:
MTN is dead already cos Libera is in the UK and Europe and America, its free to call each other, guess what we are going to do to MTN ahaha

Are you living in UK or Nigeria?

Lekby25:
Honestly MTN has not been fair to Nigerians, They need serious competition. You use your money to buy data just like you buy airtime, and they are telling you that you must use it within certain petiod, failure by which it will expire

Does the diesel generators powering MTN mast have to wait for you to turn your data on before it turns on and then off after using it or it is on 247?

Lekby25:
Honestly MTN has not been fair to Nigerians,

MTN has not been fair to Nigeria as MTN is the one using tribe and religion as to vote in bad government who reduces your purchasing power, increase land prices, diesel, taxes etc?

SocialFinance:
Lebara has been in UK since 2000.

It's a life saver for international students back then because of their cheap international calling rate.

I hope they will give MTN a run

MTN has turned to scammers with very expensive call and data rate which vaporise like morning dew

MTN is a scammer according to you after using tribe and religion to vote in bad government who increases the prices of diesel.
Now imagine a virtual mobile operators like them leasing MTN equipment.

Lanruze:
When Godwin Emefiele, Afrexim Bank, AFDB under the watch of Dr. Akinwunmi Adesina and a syndicate of Nigerian Tier 1 Banks pooled funds to support the Dangote Petrochemical Plant Dream, these were some of its Justification.

Aliko Dangote has single handedly through the listing and IPO offer of his Refinery & Petrochemical Plant made the most consequential impact on the Nigerian Stock Exchange.

However, I find it amusing that Aliko Dangote fails to give credit to Godwin Emefiele publicly.
.
Dangote would have spent over 80% additional FX rate if the CBN hadn't deliberately subsided the dollars for this specific purpose.

Congratulations to the NGX and congratulations to Nigerians, Wealth has been democraticised finally.

Which one is subsidized dollar again?

Magabush1:
Since you know that and you're a governor. Why aren't you paying 150,000 Naira minimum wage. Are you waiting to be president first. Oga seyi ,lead by example

The higher the minimum wage in naira, the higher prices of goods and services in naira and the poorer Nigerians get.
When will this basic monetary economics stopped been rocket science in Nigeria.

mycar:
Tinubu should have used the savings from the fuel subsidy removal to lower the exchange,

The petrol subsidy was financed with loans which the government is paying. So which subsidy saving are you talking about?

LegendHero:
Then increase Oyo minimum wage to 200k.

This guy seems to be forgetting that he is also a governor.

Abi he increase minimum wage to 200k and anyone forbid him?

The increment of minimum wage from 18,000 to 70,000 has destroy the purchasing power and you are still asking for more increases?

Basic123:
So...how much minimum wage is seyi makinde paying Oyo State workers.

Is he not a governor?


By this proclaimation one would expect Oyo state workers to be earning 300k as minimum wage.


Politicians will just be gaslighting people and play on their intelligence.

300k minimum wage with the purchasing power of 30k in 2019

Dejijossy:
Then increase your state's minimum wage to 140k, and stop wailing.

The higher the minimum wage, the lower the purchasing power.

Jozilinn:
I still reserve my comment above bro no hard feelings everyone is open to his or her opinion. Thanks

I'm not stopping you from reserve your comment, I'm only showing you the reality you are not seeing

judewrites:
Go to Europe and America where there is accountability.

America and Europe have one in common, there currencies are reserve currencies accepted and used anywhere.
American will import anything in USD (it's local currency) from any part of the world for there development, same goes for European Union and EUR.
Now a country like Nigeria taxing it's citizens in naira is not a reserve makes no sense because majority of the development needed comes from outside which need USD and not NGN.
If German citizens pay taxes in Euro and the German contracted Julius Berger to construct good and standard road for them. It is workable but not in Nigeria while the citizens will pay taxes in naira, government contracts JB with the naira who in turn demand for USD to repatriate there profits back home to Germany.
The government then collateralize crude for USD loans form multilateral organisations like IMF to provide forex liquidity.
Let me ask you this question:
Was it the naira taxes that Nigerians paid that built roads or IMF USD loans?

Didi2d:
It seems the government read my mind. I was just thinking this morning, that the government needs to review and reduce all the various taxes Nigerians are paying.

I went to renew my drivers licence this morning and I paid 40k to renew a class H driver licence.

Things like international passport, driver license and so on shouldn't be too expensive naw.

When Tinubu government came with that there poverty empowerment in 2025, we warn Nigerians are poorer they will become but they told us they are taxing the rich and the poor.
They didn't remember that goods and services they consume are produced rich, which taxing increases the prices of the goods.