₦airaland Forum

Dalohad:
There is nothing to celebrate about dipping filthy hands into the pockets of people to steal from them in the guise of 'Taxes'..

Oil prices just went up, that is more looting opportunity for your politicians, yet they are insatiable.

Most Oil rich Gulf states do not dip their hand into the pockets of their citizens in the guise of taxes.

Dubai and Saudi are tax-free havens.

When they are done celebrating trillion naira revenues generated from heavy taxes, they asked as stupid question like " why is the prices of goods and services not reducing as the naira is appreciating".

Putindbutt:
I thought wailers said the new tax reform law has been suspended. States that generates more consumption gets more VAT revenue. As states keep getting more funds, it's left to you to hold your Governors to account or you continue barking at the wrong tree in Abuja.

Hold governors for what?
The federal government is reducing the purchasing power of naira through taxation and you are celebrating the volumes of money loosing value.

spacechuks:
Can we even stop drilling oil from the Niger delta,

So that we will know we are dealing with international oil price.

Why should I have crude in my community and still be paying through my nose for pms.

What level of wickedness is this.

If you are comfortable with earning ₦70,000 as minimum wage thinking that earning a lot of nairas as a Nigerian will make you rich, then you should also be comfortable with using a lot of nairas to smaller amounts of goods and services because the higher your minimum wage in naira, the higher the prices of commodities in naira.

Rossychy:
So which is better ? Increase in the price of cement ? I expressed my concern on that and the effect it will have on those that will feel it more.

Can we also expressed our concern why those countries will run to seek greener pastures earns there monthly minimum wage between 300 and 1,000 on there local currencies while Nigerians are earning 70,000. This 70,000 are generated by businesses including cement manufacturers through the price of commodities they sell.
So, if we think earning a lot of nairas make us rich, we only impoverishing ourselves.

2tpick:
Yeah Nigerians now get 77k minimum wage due to Tinubu reforms

Only poor countries earns 77,000 in there local currency as minimum wage. Rich countries earns below 1,000 in local currencies

brain54:
So what do you do with the 30 billion...?


Because it's not showing in the transformation of the state. No difference from before!


Secondly states should be viable and stop waiting for federal government to spoon feed them with allocations from federation accounts.


Such lazy states folks we have as governors!

In 2026, a lot Nigerians are yet to know that trillions and billions of nairas are symptoms of a crashing economy. Trillions and billions of nairas that have the values of hundreds and thousands of nairas in the 60s, 70s and 80s.

Racoon:
The free money governors now have access to loot without responsibility or accountability because of shared corruption.

What is the purchasing power of your free money?

Omalicious1:
Let's not blame the dollar...we are our problems. Shay they said inflation is dropping? Is alright.

Inflation is dropping?
What was your money supply before and what is your current money supply?

poiZon:
During GEJ, cement was averaging between 1500naira n 1800naira, minimum wage was 18000naira...
With 18k, u could buy atleast 10bags of cement with ur minimum wage at 1600naira a bag, under reformed change abi Master strategist, ur minimum wage of 70k will only give u less than 7bags....

Thats if the states r even paying the current minimum wage, cos i know quite well most states haven't implemented the new minimum wage up till today...


All the same, the only people benefiting from APC govts since 2015 r politicians, criminals, kidnappers, bandits.

I have said these here before and I will say again.
The higher the minimum wage in naira, the lower the purchasing power and the poorer Nigerians become.

NwokoloOwa:
I can't wait for the cement cabal to be handled like the rice cabal.

Allow importation of bulk cement and see the idiot and devilish Dangote, BUA, Lafarge start crying.

It can help in stabilizing the market like the rice market

Cement cabal?
Government of other countries are subsidizing cements to make it affordable while your own remove subsidy to loot.
Food products including rice are heavily subsidized in other countries while your government only knows how to use natural resources as a collateral to borrow dollar loans and import rice temporary to impress people like you.

Lateef73:
Price of $Dollars is falling yet price of Cement is going up. Economics in Nigeria is different.

Which economics is different?
When the tax collectors in Aso Rock where reforming your tax, what we're you expecting?

Rossychy:
This is not good at all. Cost of apartments will increase. Las las na poor man go suffer am.

When price of land increase, it good investment but when the house built on the land increase, it is suffering.
When are we going to stop deceiving ourselves.

U09ce:
The more you look the less you understand. The main raw material is quarried cheap in Nigeria. Natural gas and coal are also abundant and cheap. But here we are battling high cement prices.
By the way I suspect that the govt decision to switch to rigid/concrete pavement technology is a key factor. Demand has surely grown over the past two years but no reported commensurate expansion in supply. It points to the fact the decision was not well thought through.

Nigeria is the only country while citizens will follow the government to celebrate trillions of naira revenue generated from taxes forgetting the taxes are passed to the good and services they consumed everyday and quote imaginary demand and supply theories to feel good at the end.

Luckybelt:
there are about 50 Americans with Dangote s net worth so Trump may not know him.

Dangote is the richest black person in the world with a $23 billion 7th largest refinery by capacity and Trump who is heavily interested in doesn't know him according to you!
You must be seriously joking?

ogaemma:
Hummm.
With all this and other revenue, Oga is still traveling anyhow begging for loan to borrow up and down.

Loans for importation and profits repatriation for foreign investors

demstone:
being an obidenz doesn't automatically make u denz nah.. u cnt hate tinubu but celebrate governors who tell u dey are only doing better because of increased revenue from abuja

Been an obidenz? Are you the that that made me and obidenz?
Hate Tinubu and celebrate with governors with which revenue?

Up

hotseat:
The NLC, under Joe Ajaero, got this one right.

Just when one hopes that there would be improvement in the power sector, things only get worse.

The way to go is to institute a probe into the privatization process of the sector and name those who "bought" them and possibly get them prosecuted for swindling Nigeria/Nigerians.

Lest Nigerians forget, this privatization scheme took place when the PDP held sway.

Like the NNPCL, the DISCOs and the GENCOs are like familiar spirits of ne'er-do-wells.



@hotseat

What is the relationship between NNPCL, Gencos, Discos and the national grid?

MrEar:
Source: https://www.vanguardngr.com/2026/02/grid-collapse-nlc-threatens-showdown-over-electricity-crisis/

nlfpmod

Last time I checked, the national grid that keeps collapsing is managed by the federal government through the Nigerian Independent Service Operator (NISO) a subsidiary of Transmission Company Of Nigeria (TCN).
What are these failures saying?

demstone:
den why are u celebrating tinubus govs like otti nd mbah but hating on ikpeazu nd ugwuanyi who owed over 1yr salary, obidenz,,,unah denz no b small

Who and you is celebrating Tinubu government?

demstone:
Of what use is an 18k dat only lagos, ogun & a few niger delta states cld pay.. wake-up my broda

The 18k they couldn't paid was more valuable than the 70k they can pay. The richest countries in the world have the minimum wages in below 1,000 in there currency while is increasing her minimum in her currency to make her citizens more poorer.

The 18k minimum wage was more valuable and Nigerians lived a better standards of life with it compare to the 70k devaluation package.

demstone:
minimum wage was 18k in 2015 but 28 of 36 states cldnt pay it.. today minimum wage is 70k , no state is owing nd states like ebonyi & imo pay 105k.. OBJ did well he took our reserves to $65b by 2015 it was $28b , PMB took it to a differential of $3b but today it is almost $50b

Shikena:
It's been officially declared several decades ago that Nigeria's economy defies economic logic.

It is difficult to quantify the natural greed of an average Nigerian businessman.

For example, news of impending fuel price increase or dollar increase is enough for an immediate increase in the cost of products across Nigeria but a corresponding actual reduction in fuel price or dollar value will not reflect in cost of products due to perpetual "we are selling old stock" argument.

When we told you guys that the new tax laws will make things harder for Nigerians, you guys defended with they are "taxing the rich and not the poor", now you complaining of cement prices.

Uchesis:
Even if they invest 100 trillion, the average Nigerian man will never feel the impact.


The prices of goods in the market will remain the same. Dollar exchange rate will still be high.


Know this and know peace. No price that rises in Nigeria ever falls down again

Has your minimum wage ever come down?

Elliotwaveforec:
Good! As demand for our bills is rising, the CBN should reduce rates so as to reduce debt burdens.

Single digit interest rate is good for borrowings.

Easy borrowing, easy money creation, money in circulation, inflation is keep raising.

DeltaBachelor:
Hmmm. All these investments, I hope it is not just on paper o, because we are yet to see the dividend or benefit to the common man o

Sit down, fold your hands and expect benefits when your next door neighbour is investing.

sirblend:
While Nigeria is still in darkness.....

It's clear Nigerians are being extorted because the presidency don't know what's is happening..


Infact in America power generation companies that generate 600MW of electricity make revenue of around $149 million yearly which translates to about N194 billion Naira..


How come transcorp made over N300 billion in revenue?

Nigerians are being extorted by this regime.

How do someone compares the revenue generated from a certain MW of electricity without evaluating its source of energy?

panpan:
The International Monetary Fund (IMF) is just a lending institution.
The goal of the IMF is to cripple the economy of non-Western countries.
No African country has prospered as a result of following the advice of the IMF.

By the way, why is IMF matter coming up on the front page almost every day?
Is the IMF trying to offer loans to Nigeria?

How do expect countries who borrow to consume to prosper?

Toredola:
This is good. But still na our stolen that is reinvested into our economy

Your stolen money? How is the money other people invested in T-Bills your stolen money?

apstpaulg:
This was very anticipated.
No business man doesn't want profit. Especially, business that loan was the capital base.
But then, why is it always that when Dangote comes into a particular sector, the price of that commodity skyrockets.
Business men are just like politicians.
Ones established, they forgot campaign promises.

Dangote was the one who also increased your minimum wage Abi?

orikoku:
This guy knows what he’s doing, that fuel price will hit 1k as he has said it. Reason he doesn’t want competition.

It not longer taxing the rich, it is now imaginary competition!

Zocalite:
Monopoly indeed

Have you ever heard oyinbo or foreign investors wan build refinery in nigeria?

That's cos

There's too much Shaddy dealings in oil venture in nigeria

Monopoly?
Where is the monopoly?
Which foreign investor will invest in country that citizens are supporting the government to reduce there purchasing power?
Wait, it is the same foreign investors waiting and looking for foreign investment from us?

mkoabiola:
As it stands now, Dangote dictates d market price

Unless another big competition comes on board, Dangote will continue to enjoy Monopoly

Big Competition, monopoly?
In 2026, someone is believing in fairytales. This is a citizen of country that sits and watch the excessive money supply firing up inflation, high taxation boosting the inflation was the unions encouraging by demanding the increment of minimum wage and salaries in nairas.