₦airaland Forum

Haba, this goal is too early na.

Zackattack:
An economy will not grow by buying dollars paper.
Don’t forget that money is just a social construct, and it can only have value when it is exchanged for goods and services.
The economy will only grow when you produce valuable goods and services.
It is only a matter of time before lame monetary policy tricks destroy an economy beyond redemption.

Thank you joor. He thinks he can fool everyone with his illogical responses.

DeLaRue:
The exchange rate is still floated.

There are different degrees of float.

What we operate is a 'managed float", ie, the currency is floated but, IF NEED BE, the CBN can intervene to defend the naira.

This is perfectly reasonable. It is what most countries do, and what the CBN promised from the beginning.

It was mischievous 'experts' on Arise TV shouting 'float, float', all over the place without explaining to their audience what it means.

A managed float is still a float.

The CBN has been consistent.

You guys are just a bunch of stupid liars. I remember when you claimed you had removed subsidies and fuel was being sold for N600, only to hear that your government was still paying subsidies. Only a fool will believe anything from APC. Unfortunately, Nigerians have short memories.

DeLaRue:
So Mr Buhari was spending $10 billion per year to keep the rate at around N650 to $1 (only people going for hajj, and highly connected politicians got dollar for N450).

Now let's assume the current government spent $4 billion in each of the past 2 years.

But so far this year (2025), more dollars have been flowing in than the Nigerian currency market can absorb.

The CBN is stepping in to buy that excess dollars.

Effectively, there has been a complete turnaround. The CBN is not currently defending the naira due to excess dollar inflow.

That means if this situation persists for most of this year, the CBN's annual intervention may fall from the claimed $4 billion to my be $1 billion - $2 billion.

Isn't that fantastic.

Remember, as I mentioned previously, during early Feb, Brazil was spending $7 billion PER DAY to defend its currency.

If Nigeria ends up spending $2 billion PER year to defend the naira this year, please let us appreciate the work of the CBN a little.

There is no perfect country in the world.

Ogbeni, you go explain tire with no evidence. The simple truth is that election is coming and you must prove that your policies are working. Where did you see the excess dollars coming in. This doesn’t have any logical meaning at all. You have excess dollars which should have reduced the dollar value without spending extra $8billion to support the naira. You people just think everyone is a fool.

The simple logic is this, I see naira to gain more value against the dollar. Tinubu will do anything to ensure that people believe in his government. Not because he suddenly loves the suffering Nigerians, but because the election preparation is about to start and he must prove that his policies are beginning to yield results. If Nigerians should make the same mistakes and believe him, only God knows the kind of tpain pro max that will come after.

Abeg, who be Chika Ike?

We will soon go back to the era of cyber cafe.

pdppower:
I remember that 60 units of IBEDC prepaid metre then was 1k. It was when useless Fashola became Minister of power under Buhari that he increased the price, and it's now only 4 units for 1k on Band A under the batman.

Batman or badman?

In the ever-evolving landscape of Nigerian politics, every decision made by key political figures is often viewed through the lens of strategy, especially as elections approach. Recently, the news of Nnamdi Kanu’s potential release from detention has sparked significant attention. Many are beginning to question whether this move by President Bola Ahmed Tinubu is truly an act of goodwill, or if it is a calculated political play aimed at scoring points ahead of the 2027 elections.

The Background

Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), has been a controversial figure in Nigerian politics. His group has consistently agitated for the secession of the Southeast region, leading to clashes with the Nigerian government. Kanu’s detention has been a point of contention among his supporters and has sparked widespread debates about human rights, governance, and regional autonomy.

His arrest and subsequent legal battles have kept him in the headlines, with both local and international organizations calling for his release. Many see him as a symbol of resistance, while others view him as a threat to national unity.

A Tactical Decision?

As the 2025 elections draw closer, political observers are keenly watching Tinubu's every move. With tensions running high and various factions seeking to influence the political landscape, the decision to release Kanu could be seen as an attempt to win the favor of key political stakeholders, especially in the Southeast.

For Tinubu, who will likely be seeking re-election, securing the support of the Southeast region—an area that has historically been a stronghold of opposition—could be crucial. The release of Kanu might be seen as an olive branch, signaling to voters in the region that he is open to dialogue and resolution of longstanding grievances. It could also serve as a tactical move to neutralize Kanu’s influence, potentially removing a divisive figure from the political equation.

Playing the Political Game

Nigeria’s political history has been riddled with instances where leaders have taken steps to address contentious issues or make key concessions in the run-up to elections. Tinubu, as a seasoned politician, is likely aware that this is a high-stakes game. The timing of Kanu's release, coming just ahead of the elections, raises questions about the true motivations behind such a decision.

It is important to note that while the release could be a genuine step toward reconciliation and addressing the concerns of the Southeast, it is equally plausible that it is a strategic move to solidify support among key demographics, particularly in light of the upcoming elections.

Tinubu’s camp may argue that this decision is part of a broader effort to foster national unity, but in reality, it could be a carefully crafted maneuver to win over voters who may feel alienated or disillusioned. The move might also be designed to defuse potential threats posed by opposition figures in the region, who could capitalize on Kanu’s continued detention.

Reactions and Implications

The release of Nnamdi Kanu, if it comes to fruition, will likely trigger a range of reactions. Supporters of Kanu will likely view it as a victory for their cause and may rally behind Tinubu, particularly if his actions are seen as sincere. On the other hand, critics may argue that this is a classic case of political maneuvering—an effort to score points with an eye on the election results.

At the same time, opponents of Tinubu’s administration might interpret the move as a sign of weakness or an attempt to appease an increasingly vocal opposition. For those who oppose Kanu's separatist agenda, his release could be seen as a dangerous precedent that undermines national unity and sets a problematic example.

The Bottom Line

In Nigerian politics, timing is everything, and with the 2027 elections just around the corner, Tinubu’s decision to release Nnamdi Kanu may be more than just a gesture of goodwill. While it may offer a window for reconciliation, it is also likely to be a strategic decision aimed at consolidating political power and neutralizing opposition.

As with any political move, only time will tell whether this is a calculated effort to score points or a genuine attempt at addressing long-standing regional issues. What is clear, however, is that the release of Nnamdi Kanu could play a significant role in shaping the political discourse in the lead-up to the next general elections in Nigeria.

EmperorCaesar:
And you didnt see where he kept mentioning Yoruba as if every Yoruba is automatically behind Tinubu

When person start to dey drag another tribe now, una go begin dey preach against tribalism

Hypocrites

Listen, I’m a Yoruba man, but I can never trust any Yoruba man or woman again. I’d rather deal with any other tribes than a Yoruba man or woman. I haven’t seen betrayals like Yoruba.

Odin13:
Now it’s obvious the entire southwest Yoruba is under panic as it’s comes ..
Atiku gave Baba buhari a run for his cult followership in the north .. and buhari nearly escape with a 1.8 million vote after rigging ..

Atiku gave Tinubu a hot in north .. and in south.. plus Tinubu rigging plus minus .. Tinubu lost figures ..

That was how they set kwankwaso up in North that he’s a giant .. he lost and lost beautifully

Saraki knows his onion and also knows too well he can venture into a politcal turf against Atiku..

GEJ would have tried .. but right now .. he don’t have the muscle to pull it .. South might be loyal.. but what about Arewa
Tinubu must go.. obi is the figure that ought to align with Atiku.. same same ..
Te em Tinubu will congratulate them before inec start.

Wike can pay any human.. to talk gibberish.. let him keep trying .. but the harder the come .. the harder the fall

If Atiku is the only political figure to give buhari a run .. no other northerner can pull that .. and this the North knows very very too well

Primate Abi Wetin the call am . The politcal bishop with lots of a failed prophecies is on his own and cannot gaslight anyone ..

Tinubu and his Yoruba government is truly feeling the heat .. event never even start and it’s like this .. make November reach he will release another story

God bless Nigerians

The burning of Tinubu bill board in the North really send a big message to Tinubu and his minions

Them go hear word

For those saying Tinubu is not GEJ.. I laugh in Yoruba ..

E go soon be ..

Nigerians has rejected Tinubu.. even the gods has rejected him
GEJ too had hoped till e clear


E go olay

I agree with you 100% on this. APC/Tinubu will do anything to discourage PDP from picking Atiku because they know this is the only candidate that can oust them from office in 2027. If Trump can do, if Ghana can do it, I don’t see why Atiku wouldn’t be able to do it.

With Trump, it has always been #AmericaFirst

badoh:
Walahi, the guy you quoted has a superior argument. Stop being emotional on this issue. If Nigeria will get better, it will start somewhere and people need to be held accountable for their actions and inactions.

This is not being emotional, but logical. Let’s look at this with open minds. If you were the organizer, you planned an event for 10am, locked the gate till you were ready and every personnel are on ground. But desperate people decided to jump the fence, 8hrs before the scheduled time and issues like this happened. Pls tell me what you would have done differently, perhaps people can learn from your experience.

Alexiiydon:
you’re a fool to think I will read all this rubbish how many people threw there children through the fence 1000 and if procedure was in place will that happenoga go get sense no enter this new year with this dumb brain it won’t take you far 🤡 no matter what happen In that venue the organizers are to be blame so if everybody went well people won’t hail them So when it went bad people should look away 🤡 no be one die na 34 which you had someone close to you among

I don’t waste my time with idiots like this that talk before thinking. It’s quite obvious the position of your brain - it’s a waste of my intellectual capacity to address you. You can die in your ignorance.

jojothaiv:
When I read the court extracts, I first find one corner burst out laugh.

Nigeria is a wonderful country.

Honestly, this country don tire me. How do they expect the organizers to control the greed and desperation of hungry and careless parents who threw their children over the fence as early as 4am for an event that was slated for 10am. Majority of these people where the ones shouting emilokan up and down because of religion and ethnicity.

Tallesty1:
It is easy to say. That woman is messed up bro, imagine trying to help the poor and ended up killing them in the process. She needs help

She didn’t kill anyone, the greed and desperation of the parents did.

Alexiiydon:
so them whey Dey share am no get any procedure in place Most of you go Dey talk like say them wire you

I still do not understand how some Nigerians reason. Pls what do you mean by procedure? I’m sure you didn’t read the article or you lack comprehension. Did you read the part where people threw their children over the fence as early as 4am for an event that was slated for 10am? Such parents should be arrested and not Naomi. Their greed and desperation caused the death of their children and not the organizers. I learnt some people went as far as renting other people’s children. Some came with 4 children. Nigerians and their over Sabo and over smart mentality. Common, Naomi has no fault. If the useless and senseless parents can’t protect their own children and now passing the blame on the organizers. That’s always the issues with Nigerians, NEVER accepting their mistakes but looking for whom to pass the blame. I can never be that careless and jeopardize the life of my children because of N5k. Pls let’s call a spade a spade, the parents should be blamed.

I have no issues paying taxes, but I need to know what and why I’m paying the taxes for. You can’t expect me to pay tax and still expect me to pay for my personal security to protect me against criminals and those men in mourning black uniforms.

I wan knack. sorry, I meant snack. What’s wrong with me self?

I want to eat you. Sorry I meant your snack

Is this prophesy or prediction?

danvon:
Exactly how you guys hailed Reno Omokri and Fani Kayode till they turned against you...

Exactly how Julius Abure was a hero and Lamidi Apapa was a traitor, till he didn't play your song...

Now Dele is a hero too...

You guys must always demonize everyone you don't like, every enemy is evil every friend is an angel...

But true politics is when you learn how to respect and learn even from those who fight against you and learn how to monitor and criticize those who are on your side.

Dele has proven that he is arrogant, meddlesome, greedy and has no problem falsely accusing people... Hope you won't cry when these traits don't work in your favor.

Those people you mentioned have a very cheap price tag. Most of their actions were motivated by what they could get (power, money recognition). From what I know about uncle Dele, he’s not a man you can easily bought over or intimidated.

Why is everyone fixated on TAX reform while ignoring resource control, which seems far fairer? Is it because Lagos generates more taxes and earns the lowest? Lagos keeps only 17.90% of the taxes it generates, but what about Delta State, Nigeria's richest oil state—how much does it truly earn from the sales of the crude oil mined from the state?

In this post, I tried to highlight the dynamics of resource control and tax reform by examining Lagos State, Nigeria's highest tax contributor, and Delta State, the richest oil-producing state.

1. Overview of Lagos State
• Economic Profile:
o Lagos is Nigeria’s commercial and financial hub, contributing over 50% of Nigeria’s non-oil GDP.
o The state generates significant revenue through taxes, including Value Added Tax (VAT), corporate taxes, and personal income taxes.
• Tax Contribution:
o Lagos generates a substantial percentage of Nigeria’s total tax revenue. Lagos contributed over 55% of VAT collected nationwide.
o Retains only about 17.90% of the taxes it generates, with the rest redistributed to other states through the federal government.

2. Overview of Delta State
• Economic Profile:
o Delta is one of Nigeria’s richest oil-producing states, contributing significantly to the country’s crude oil output.
o Oil accounts for the bulk of the state’s revenue, derived primarily from federal allocations tied to oil revenue.
• Resource Control and Revenue:
o Under the current fiscal system, oil-producing states receive 13% derivation from the revenue generated by crude oil within their borders.
o Delta's allocation is substantial but does not reflect the full value of the resources extracted, raising concerns over equity.

Why is everyone fixated on TAX reform while ignoring resource control, which seems far fairer? Lagos retains just 17.90% of the taxes it generates, but what about Delta State, Nigeria's richest oil state—how much does it really earn from the crude oil extracted within its borders? Clearly, common sense isn't so common. #babzview

These people think everyone is daft and stupid. This government just impoverished the people. Pls just take us back to when the minimum wage was N30,000/ $90. Your N70,000/ $43 is nothing but a scam.

I’m expecting that dead brain slowpoke that would ask me if we spend dollar in Nigeria. I’m waiting for you.

Who dey chop this delicious meat?

"I came across an article by @yoruboid and wanted to ask a quick question:

yoruboid:
https://x.com/bwaladaniel/status/1867916065230963174?s=46&t=YoF4K0q-dNG9S6AXfcrqSg[/quote]Could you share the revenue generated in 2023 compared to 2014 and 2020, in dollar terms? This might be a good starting point for our discussion."

Wyttcat:
You this degenerate is not only a zombie but a hopeless one at that.

When you think and speak like zombie as you have have done, you as zombie as the come. Idiot, I don't know who dash you brain.

Btw, I read just the first line of the trash you typed.

Mumu go and play in the traffic jo!

Pls can you interpret what you just wrote? Cause I don’t understand it at all. You know what? I don’t blame you, I blame myself for engaging with a dead brain like you.

Wyttcat:
I shouldn't have bothered telling you anything, main reason why I tell idiots like you to go to hell when they ask questions.
You zombies have been programmed to kiss the ass of your oppressors no matter what they do to destroy you.

Is this truly the best you can do? One of my greatest disappointments is sharing the same country with retarded brains like you, who approach discussions with such baseless hostility. A low life idiot like you has the gut to label others as 'zombies,' yet your behavior exemplifies a lack of critical thinking. A 'zombie' blindly believes everything they’re told—does that description fit here? I just pity the womb that bears the bigoted lowlife idiot like you. You are just a wasted semen.

All I asked for were verifiable claims, yet your response is laced with unwarranted anger. Is it realistic to expect everyone to abandon rational thought and accept baseless accusations? If your claims are genuine, why not present the evidence instead of resorting to insults?

I refuse to engage in baseless conversations or allow disrespect towards an elder statesman who has contributed significantly to this country. If you have proof to support your claims, provide it—otherwise, I can’t waste my precious time engaging with a fool like you.

Wyttcat:
Obasanjo is a thief and apart from what he stole from Yoruba. These are a few of his corruption.

1. The money he and Ngozi Okonjo Iweala burrowed from Paris club while telling Nigerians that they paid the debt.
2. The $16 billion with Anenih for eletricity that was later used for his 2nd or planned 3rd term campaign.
3. The Ibeju Lekki where Dangote is, Obasanjo seized that land before it was sold to Dangote and soldiers killed the Baale and people who resisted the sale.
4. Yoruba farm settlements were zeized by Obasanjo and transferred to Nigeria, one of them is his Ota farm.
5. It was Obasanjo who took land away from the control of the families and handed them to the govt.

There are more but I'm sleepy now, I will have to create a thread on how Obasanjo single handedly destroyed Yorubaland and contributed to the demise of Nigeria.
Apc is not saying anything about Obasanjo, he's a criminal. President Tinubu can't do anything to him becuse he's not the only one, at least not yet.

I asked for verifiable case/s of corruption, and not all these beer parlor gossip without any source/s. If you know this much about OBJ, why not read a book and state all these your allegations?

Wyttcat:
Obasanjo Ole!

You burrowed and stole half of the debt when you didn't have to.

When will you apologize to Nigerians?

Can you provide just one verified case of corruption involving Obasanjo? if not, you are very stupid and ignorant. I'm not sure how old you were when he was President of Nigeria, but I believe you should be able to thinking critically. Repeating the same baseless claims the APC used to undermine Obasanjo's accomplishments is a sign of stupidity. Do you really think that if the Tinubu administration found any evidence of corruption against Obasanjo, they wouldn't use it to silence him?