₦airaland Forum

malali:
Yet even though the federal government now has more fiscal space by not paying subsidies, what we are seeing is more borrowing, not less. That contradiction strikes at the core: the problem was not simply the subsidy. The problem is how government spends and borrows.

Why is it that, despite freeing up money from subsidies, the government still keeps filling the debt pot? Why are we still seeing large borrowings while promises of jobs, agricultural revolutions and domestic manufacturing remain un-fulfilled?

Meanwhile:
• We are not seeing meaningful growth in Nigerian manufacturing, despite having vast arable land and young labour.
• Oil prices are stuck in the US$50s per barrel, so there is no windfall there to magically solve everything.
• The only thing holding up the economy’s illusion of stability is borrowing and currency/FX buffers, not a fundamentally transformed production base.

What this suggests is that the real challenge is governance: institutional discipline, transparent spending, reducing bloat in government, and avoiding the trap of turning reform optics into mere slogans. If you fill one hole (subsidy) but dig another (uncontrolled borrowing + bloated expenditure), you haven’t moved forward, you’ve just redirected the problem.

The many ministers, convoys, bureaucratic overheads, the creeping idea of “political dynasty” or “monarchy by another name” (i.e., Tinubu-and-sons or wike-and-sons), all this adds to the sense that the architecture of public service is drifting back into degeneracy. It’s worse than a simple budget item: it’s a governance culture issue.

The promise of 2027 elections should not become the excuse for not doing the work now. The real test is: what has ordinary Nigerians’ lives improved by, three years in? Are more people employed? Are we producing ourselves instead of importing rice? Are anti-corruption cases visible and credible?

Reform is not simply removing an unsustainable subsidy. Reform is pairing that with fiscal discipline, institutional reform, production-led growth, and transparent governance. Until then, savings from subsidy removal will keep leaking away into borrowing and inefficiency, and the recovery will remain more illusion than reality.

Perhaps, after getting your salary at work or make money from your business, you always squandered everything without having any reserve

Wondering why US is having trillion dollars debt

Modified: See so many American citizens on this thread. Chai, may bitterness about one's country not be our portion in life. Amen

She tried. More success dear

Your spermatozoa is likely to be watery now

The more sex you have, the more you are weaken your own self as those cells released as sperm have their own roles to play in your strength and physicality

The guy above me is ingrained with bitterness. There are lots of them on this forum who never display any form of joy for years.

One can't express himself without them trying to shut you down. Anyways, the few of them that are still able to see my comments na privilege, the blocking button is magical

The real business men and women not the noise makers like some people

I have been trying to crack my head on what could have inspired those who are planning the coup and the only thought is about ongoing saboteur investigation within our security operatives. Both Service and retired officers have been milking from the insecurity

Probably the investigation was leaked and the culprits got to know about their end, hence planning a coup

Arms dealing in Nigeria is mostly South South business men work, so linking the coup back to Bayelsa state is not surprising

sleek214:
Says someone that doesn't have money in any bank

My account Manager, long time oo

whatmoreng:
Picture of helicopters this night? You are unbelievable

Perhaps you are using Nokia 3310

Pinshures or na as usual joke

President Tinubu's reelection is unstoppable

What a man can do, a woman could do better

She took advantage of the late president, the drummer man and decided to turn the country into her personal affairs

LegendHero:
So you think the coup plotters will hand over to Obi or what?

Na the question I been dey ask myself oo.Some of them no dey bother to think things through again

What's the crying all about. Are you sad that the coup plotters have been arrested?

That's to discourage fuel import. The local refineries is the tip

LeeSmart:
CNN anchors will do thesame thing to president Trump and ur type will hail dem but will be quick to talk about slapping someone becus it involves ur darling president?

Sound coherently and stop giving us unnecessary headache

Northerners are waiting for outsiders to come and beg them to stop causing insecurity in their own region.

Haha

It's matter of when. Financial institution with not much physical address are likely to collapse

Okay noted. Thanks for your concern

I am actually yet to get the reason why any South South people would be involved in the coup plan. What were they thinking?

That na family issue. It for no concern us

The coup was executed in their wildest dreams

Lead one tomorrow and be the scape goat

Your message was right. You need to place such people to where they belong

If that's how easy to get money, he should source for it himself

Next time, na dirty slap Abati go give him

michlins:
the way you're consistently defending politicians even in situations that should is too shameful

But you are not different now. What's the fuming about

The husband needs to be man enough by talking to both separately on their role in your life as your wife and mother

There must be separation of roles

Softmirror:
He should be as ruthless as the President of El Salvador.

Enough of pampering those who are funding them. If they are arrested, that will cut supplies to the errand boys, our security operatives can then go after them

michlins:
I'm not interested in politics but good governance.

When will it be your own turn

So when did I personally tell you that I am also interested in the main politics?

Get to work immediately. Stop wasting time chasing the errand boys, go after those who are funding them straight