₦airaland Forum

sophy17:
I think the basis for any government is to PROTECT and SERVE everyone especially the common man.
What keeps holding us back as a country is not the provision of a comfortable life for Nigerians but rather due to massive corruption by politicians. You keep hearing they shared billions to the poor but you will never find the any real beneficiary.

I am a frequent traveler to Brazil and I can confirm that even as a foreigner you don’t pay a dime for medicals- treatment, drugs and even feeding while on admission in all Federal and State hospitals. Same for education to any level in public schools which also includes feeding and accommodation. Infact, some public universities pay as much as 2100 reais monthly to each student. One Reais is currently 270 naira. I can go on o. Yet, they haven’t been held back!

They have one of the best medical institutions in the world! It is 24hrs. I always enjoy it each time I travel to Brazil and it is completely free.

I attended MBHS on broad street in this same Lagos. I only paid schools fees to enter class one because Alhaji Lateef Jankade was later sworn in as Governor of Lagos State and made sure everything was completely free. We were regularly given textbooks and writing materials. His children attended public schools with us. One of his daughters Dupe attended Maryland Comprehensive high school, Lagos. She later attended Ogun State University with his brother while I was there. Same for Segun Awoloeo who died recently. My seat mate at some point in MBHS, Christopher Agbamuche was the son of Senator Agbamuche. Then he lived at 1004 estate with his dad Senator Agbamuche while i lived at Palm Avenue, Mushin with my parent in a room face me i face you, but yet school mates with a serving Senator’s son. Can that happen today in Nigeria? No, because rogues have taken over governance in Nigeria and it very unfortunate to see many defend and make excuses for them!

nosa2:
You are really prepared for the political conversation sha

Mr articulate why don't u articulate what are the achievements of this government for the past 3 yrs in different sectors.

You so called government is doing wonders with the economy and poverty rate has continued to increase. The last time it was 63%.It could be 75% by now.just because u fall among the less than 1% population involved in ngx.You have mouth to dey yan dust.

Every good governance is for the living and not when your people are dying of hunger and poverty, insecurity .The power sector and public health sector are dead.

The education sector they claim achievements is rubbish. Why must Nigerians collect government loan to fund thr education. Was that the way you and the generation before whr able to go to school.

You removed fuel subsidy as we all agreed.
Did we say u cannot subsidize the education, health and other sectors that wil make life bearable for the people

Why are the packages that was to come with the removal of fuel subsidy. The cng mass transport system promised. It is now rocket science after 3 yrs

ojeysky:
Yes indeed even though the big growth is in devaluation, in reality we are just about doubling the market cap from what it was in 2022 in USD terms. What will have happened if there was a different govt, i feel market CAP could have grown much better but i guess we won't know for sure until we try another govt this coming election(if wish could only come true)

Streetinvestor2:
Like joke. the ASI is heading for 300k
Almost 100% for this yr in 4 months.
Thr only campaign achievement is getting ready

Ovamboland:
Nobody is asking how citizens of Benin, Ghana, Niger, Ivory Coast are surviving and seem to be doing well in some cases without fuel or electricity subsidy

DonDiego:
Before the family hired a CEO, remember that it based on the promises different applicants for the job made at the recruitment interview. The family looked at its current conditions especially in view of the work of the most immediate past CEO and decided to give this current one a chance to actualize his promises, promises which specifically stated that he'd improve the overall living condition of the family. He's been there now for nearly three years and the members of the family are all the poorer for it. This is not even debatable. He's done a poor job of the assignment and I don't see why the ifs and buts.

This is exactly why it's baffling when excuses are being made or the victim is being asked to proffer solutions. Is that how many of the companies we celebrate here as examples of working, successful corporations do it? Do they hire a CEO who turns out to be inept and then ask customers and staff to proffer solutions for how the CEO can do better?

As for the practical specifics, the straight answer is: provide those things or simply quit. Give the people regular and affordable power which will become a catalyst for industrial and SME production leading to increased employment and growth.

Provide security regardless of how you do it. Nigerians should be able to go to bed eveey night and sleep with their two eyes closed. They should be able to move from one part of the country to another at any time of the day and night without worry about getting to their destinations. If it would take firing all your security chiefs who are sitting on their hands and doing nothing while parts of the country are ravaged by bandits, then so be it.

Although it appears that this has become a rice economy where the commodity is the be all solution to the people's needs as far as this government is concerned, you'll agree with me that making it easier for the people to cultivate the rice on their own rather than giving them bags of it makes more strategic and sustainable sense.

And I disagree with your take on education and healthcare too. Even with the two sectors being on the concurrent list, we know how much influence the FG wields in those areas. The biggest teaching hospitals are still owned and underfunded by the FG. The biggest educational institutions especially are federally owned and run down. Yet the same FG received the largest percentage of all FAAC. allocations relative to the states. What does it do with all those trillions?

Ultimately, there's no way things will improve if we continue this way of making excuses for those who should be held accountable for their stewardship.

EDUECO:
The APC government has drastically slowed down economic activities by greatly increasing the cost of goods and services.

The astronomical increase in goods and services has reduced economic activities.Consumers tend to buy more when goods and services are cheaper;and increase in consumption increases the growth of the economy.

DonDiego:
You mean someone deliberately sought to lead and when he gets there it is left for the one whom he made promises to, to list out for how to make his living conditions better while he takes all the glories of being the leader? I really don't get it. Maybe, he should start from his actual promises. Power. Regular and affordable electricity. Security. Reduction in the cost of living. Affordable healthcare. Education. I mean the list is endless. I am surprised that you are asking me to chart a roadmap for these here for the government or to develop a policy document for attaining these. So, what is the job of all the wonks and technocrats appointed and being paid for that purpose? We make too much excuses for non-performance in this country and when a few point it out, we turn the nuzzle in their direction and leave those we really should be holding accountable.

DonDiego:
Maybe we should start with cutting down on the corruption. Trim the outrageous wastage in governance. Then, actually focus on the people rather than on the politicians and their elite cliques in business and the executive suites. That's what a serious minded government facing the sort of conditions that Tinubu met in 2023 would do.

DonDiego:
I doubt that there's really much you can debunk from the piece if you look at it entirely from the actual living conditions of the average Nigerian these past three years which is exactly what the writer has emphasizing on. When Reno Omokri and the other Tinubu apologists point you to the stock market and flash so-called macro-economic indices and cold stats that do not tell any convincing story on the worsening personal living conditions of the average Nigerian to 'debunk' the reality of majority of Nigerians, conditions that are now purely one of straightforward poverty and abject destitution, then you know they're simply the privileged ones who have no personal stakes in the daily suffering of the majority. But like a wise philosopher reportedly quipped: 'There are three kinds of lies: lies, damned lies and statistics.'

megawealth01:
Nobi me write am ooooo

megawealth01:
Let me show you something that should make every Nigerian cold in their bones.

Goodluck Jonathan borrowed $3.8 billion in 5 years.
Buhari borrowed $32.6 billion in 8 years.

Tinubu has borrowed over $10 billion in less than 3 years, with another $24 billion still in the pipeline. That’s a total of $34 Billion in 3 years.

And the Senate just approved a fresh $516 million loan yesterday. For a road.

That is the Sokoto-Badagry Super Highway, funded by Deutsche Bank, at an interest rate of SOFR plus 5.35% per annum. Nine years to repay. A road. While Nigerians cannot afford to eat.

But here is the part nobody is saying loudly enough.

Jonathan and Buhari borrowed all that money AND still paid fuel subsidy AND still paid electricity subsidy.

Two governments. Combined debt of over $36 billion. And they were still subsidizing the pain of living in Nigeria. Still putting petrol at N165. Still keeping electricity tariffs low. Still absorbing the shock so ordinary Nigerians could survive.

Then Tinubu came.

He told us the subsidies were the problem. He said the country was bleeding money. He removed fuel subsidy on day one. He devalued the naira. He raised electricity tariffs by over 300%. He told us the pain was necessary. He told us to endure, that better days were coming.

We endured.

Petrol went from N185 to over N1,300.
Electricity bills tripled overnight.
Food prices doubled, then tripled again.
Businesses closed. Jobs disappeared. Families broke apart.

And what did we get in return for all that sacrifice?

More borrowing. Faster borrowing. Bigger borrowing.
Nigeria’s total public debt has gone from N87 trillion when Buhari left to N159 trillion today. That is N72 trillion added in less than 3 years. The fastest debt accumulation in Nigeria’s history.

Clueless Buhari took 8 years to grow debt by N75 trillion. Tinubu did the same in under 3.

And debt servicing? Nigeria spent $9.9 billion just servicing external debt between June 2023 and August 2025. By 2028, debt servicing alone is projected to hit N91 trillion. That is more than Nigeria currently spends on health, education, and security combined.

Over 80% of government revenue goes to paying back loans. Not building schools. Not building hospitals. Not fixing roads.

Paying back loans.

Yet he is still borrowing.

The $516 million approved this week is not even the scary part. The scary part is that Tinubu has formally requested approval to borrow $21.54 billion, €2.19 billion, and ¥15 billion more. That is over $24 billion in one borrowing plan. More than 60% of Nigeria’s entire foreign exchange reserves.

Let that number sit in your chest for a moment. We are borrowing in all foreign available currencies.

A government that removed subsidies to save money is borrowing at a pace no Nigerian government in history has ever attempted.

So where is the money going?

Not to your electricity. That one you now pay for in full.
Not to your fuel. That one you now pay market price for.

Not to your roads. Those are still the same death traps.

Not to your hospitals. Doctors are still on strike or emigrating.

Not to your children’s schools. ASUU is always one disagreement away from another shutdown.

Nobody can account for it. No clear audit. No transparent project tracking. Just loan after loan after loan, approved in legislative chambers in a matter of hours, disappearing into a system that has never once been held accountable.

Jonathan borrowed and we saw Abuja-Kaduna rail and Universities across the country, etc.

Buhari borrowed and we saw the completion of second Niger Bridge, Lagos-Ibadan expressway, Abuja airport terminal.

Whatever you think of those projects, they existed.

You could touch them. You could drive on them.

Tinubu has borrowed N72 trillion in under 3 years.
Point to what was built other than 40 kilometers of road and the purchase of Emblems for more tax.

This is not governance. This is a government that removed the one thing that kept ordinary Nigerians from complete destitution, handed the savings to a system nobody can audit, and then borrowed more on top of it, faster than any leader before them.

And every single Nigerian alive today, including newborns, is carrying a debt they did not consent to.

Every child born in Nigeria today is born owing.
That is not a metaphor. That is the balance sheet of a country being hollowed out in real time.

If this does not make you angry, check your pulse. The only hope we have is to have hope that things will get better, and this government continues to renew our hopes for a better Nigeria that they can’t give us.

This hope is a danger to our collective existence and Nigerians are tired of Hope. In the midst of all these, the only defense the defenders of this government has is that “We Do Not Understand Economics.”

Is there anyone reading this who needs a PhD in economics to know when he or she is hungry and suffering?

-KAA
#kaa_truths

megawealth01:
Blood money loading

Itzlinda:
If we are being honest with ourselves these cements coys se exploits us.

60% profit margin is crazy for a cement country with a housing crisis

EDUECO:
Tinubu's government is 99 percent a capitalist government; this government is greatly anti people.

megawealth01:
You remind me of the glory days of Wale the starboi

KarlTom:
FY '25 has not been released.
Extension sought till 29 May

chimex38:
UBA is really big.

They single handedly drove the market in red.
Despite PRESCO and Dangcem gains..

If you're big you're big

Brighter weeks ahead 🔆

Agbalowomeri:
Chai so we get Trillionaire for this platform.

When you are big you are large

emmanuelewumi:
The following are the current stocks in my portfolio.


1. Afriland Properties
2. CSCS
3. Aradel
4. GTCO
5. Nahco
6. Presco
7. Unilever
8. United Capital
9. Transcorp Plc
10. Stanbic IBTC Bank
11. Okomu Oil
12. Custodian Investment
13. Zenith Bank