₦airaland Forum

Okete001:
He who comes to equity must come with cleans hands.

Baba too is one of the reasons we are where we are today and the next generations will continue to be.

Could you provide just one verified case of corruption involving Obasanjo? I'm not sure how old you were when he was President of Nigeria, but I believe you’re capable of thinking critically. It seems like you're repeating the same baseless claims the APC used to undermine Obasanjo's accomplishments. Do you really think that if the Tinubu administration found any evidence of corruption against Obasanjo, they wouldn't use it to silence him?

Emeskhalifa:
And some people think military taken over will do us any good.

I pity those with such reasoning

What’s the difference ?

Some time ago, I visited a friend at Computer Village. He had his own brand of power banks, phone chargers, and earbuds—products of very high quality and international standards. These items used to sell rapidly. However, when I arrived at his store, it was completely empty. Puzzled, I asked him, “Why haven’t you restocked?” His response was sobering: “Tell me, what guarantee do I have of recovering my $50,000 investment in Nigeria?”

This is the current reality. Many people are withdrawing their capital from the Naira and holding their wealth in dollars. Another friend of mine doesn’t even keep a single kobo in a Naira account. Whenever he needs to make purchases in Nigeria, he first converts his dollars to Naira.

This is the fallout of poorly thought-out policies. Confidence in the Naira has plummeted. The more the Naira depreciates, the more people seek safer ways to protect their capital.

Now, the government has introduced yet another policy shift—asking people to deposit all their dollars in banks—without adequately considering the adverse consequences. This approach is bound to backfire, especially when trust in the government and its policies is already so fragile. Beyond using cryptocurrencies like USDT stablecoin, people are likely to explore alternative ways to safeguard their dollars without involving the banking system. #babzview

About four years ago, when the dollar exchange rate was around ₦300/$, I purchased some plots of land at ₦1 million per plot. Today, the value of those plots has appreciated to about ₦3 million per plot. On the surface, this looks like a great return on investment (ROI). However, when factoring in currency depreciation, I realized I have actually lost over 50% of my capital.

Here’s the breakdown:
• Four years ago: 1 plot = ₦1 million, equivalent to $3,300 at ₦300/$ exchange rate.
• Today: 1 plot = ₦3 million, equivalent to just $1,600 at the current ₦1,800/$ exchange rate.

If I had kept that same $3,300 (₦1 million at the time) in a USDT (stablecoin) account, its value today in Naira terms would be approximately ₦6 million.

This brings me to the current discourse around investments and the economy. I don’t understand where @Reno or anyone criticizing @Davido got their economic analysis from. The numbers clearly show the obvious.

Sadly, the outlook is not promising. Analysis from experts, including my egbon @Dele Showunmi, on the implications of the 2025 budget and projected dollar supply indicates that the Naira might hit another all-time low in 2025.

The lesson? In our current economic climate, it's vital to measure investment returns not just in local currency but also against a stable global benchmark like the dollar.

If all the celebrities are running away from Nigeria because of the high cost of living, how do you expect common citizens to survive? Most of those idiots that supported and campaigned for this failure of a president have ran away from the country. If you like, don’t use your head well in next election, allow someone who has easy access to alternatives tell you who to vote for, or sell your vote for N5000.

israelmao:
Except Providence intervenes in the affairs of Nigeria or Tinubu succumbs to nature,no one can stand in his way.the bead bracelet has entered the wrist of deity let see who have the daredevilry to remove it.

I disagree, all we need is a good strategist that can detect Tinubu’s strategy and counter him.

kedeojo:
Let the El rufai removed him cos he is not even powerful in kaduna again. Stop making noise, am not a fan of Tinubu but he is a political juggernaut and a desperate politician who will do anything or go any length to get what he want. With kaduna governor and now Shehu Sanni, you think El rufai can't deliver his state to any party he join before 2027. The only candidate that can win Tinubu is former president Jonathan. Even if Atiku and Obi ran on joint ticket, they will still lose. Many people in south south and south west who voted for Obi, will see him as a desperate and not good person he claims to be. The Northerners will still vote for Tinubu because the governors expecially will want to be the beneficiary in 2023. Only Jonathan will command votes across all board. I don't even seeing him contesting again and with is closeness to Tinubu it will be difficult.

I have contrary opinion. I believe this is the game plan of Tinubu; split the opposition’s votes and harness his own domains. Atiku/Obi from new party and probably Jonathan from PDP. If you look closely, you will observe that the same strategy in 2023 is being applied but in a different way. The goal is to split PDP’s votes between Atiku and another candidate from PDP.

Oku igbe (okugbe?

obatreasure:
We all know that neighboring countries depend on Nigeria for survival. if you increase the price of fuel in Nigeria to 5000 today the prize in neighboring countries would also go up to like 6000, likewise if you reduce the prize to 200, you see the prize drop to like 300 there too. So, they should stop this nonsense of smuggler making money. if Dangote start exporting to neighboring countries now all these talks of smugglers making huge money would stop

The prices of petrol in Benin republic is inversely proportional to the international crude oil prices and not related to price in Nigeria. As long as naira is weaker than cfa, our prices will always be cheaper than the prices in Benin republic, not just petrol alone, but all other commodities.

So what did you expect after devalue your currency? That 600CFA was not more than N200 before.

Why is Okpebholo in hurry? Perhaps he knows his days are numbered..

nairalanda1:
They didn't. The economy was still bad. Most were still poor.

I don’t know what you meant by “most”. The minimum wage then was over $100.

nairalanda1:
I have told you the problem. Our currency relies on oil.

Not on exporting manufactured goods and services

How did Obj/Okonjo were able to stabilize the economy for more than a decade? I just want to learn.

nairalanda1:
And in 1993, that 10 million would have been worth 5 million dollars. In 1978, that ten million would have been worth 10 million dollars approx.

Our naira has been falling because it is based on the price of oil. Not on manufacturing and production

1993 to 2014 is more than 20yrs, but this is in the space of 10yrs. I don’t think our currency has dropped significantly within that short period. I went to Togo in 2014 with 350k. By the time I converted the naira to CEFA, I got over 1m cfa. I was about to buy a car and other stuff from Togo. Togo and Benin Republic are import dependent nations, they import almost everything and their currencies have retained their values for years. Pls don’t tell me our population is our problem, because we have countries with much population and they are doing fine.

nairalanda1:
But it clearly started out with more than what Lagos or Nigeria ever had, because...they produce twice as much oyel as we do for less than 15 million people today.

When NIgeria was already in the 80million range, or at least close.

All because your leaders did not take our economy to an economy that is dependent on exports of manufactured goods and services. That is what serious countries do.

My brother, $68b might be big now and $1.2b might be small. But let’s look at the value of the two figures 10yrs ago before APC took over. In 2014, I had N10m which was more than $50k. Today that same N10m is now less than $6k. At some point in time, Lagos was making more money than Dubai.

Proudlyngwa:
Government is meant to make policies and enabling environment, but the military has changed our ideology to a caregiver mentality, which is why policies rarely work, and instead government keeps applying cushioning effect which worsens the situation.

My brother, military has left power over 20yrs ago. This excuse are not tenable. Are you saying that military are more human friendly than the democratic government?

nairalanda1:


2024 BUDGETS FOR TWO TOWNS....

Dubai...68 billion dollars.
Lagos ...1.3 billion dollars

Burj Khalifa 1.5 bn dollars
Downtown Dubai...20 billion dollars.


Una see difference?

Plus the UAE Produces twice the oyel we produce and has 20 million people or less. Nigeria has far more people.

And the annoying thing is

1. They will still loot from lagos money

2. Tinubu is not serious about diversifying our economy.

Dubai did not start with $68b to build and develop Dubai, but the dedication and commitment of honest leaders who put the interests of the country above personal interests.

Proudlyngwa:
What concerns a government with production.

Is government meant to run industries.

So how will government increase production.

Yes, government has no business in the running of businesses, but creating policies and strategies to boost business, not to kill business. Have you taken time to study Trump’s policies and the brains he’s assembling to run such policies? That’s what a good government should do, not the olodo we have in Aso rock

nairalanda1:


Lagos budget in 2024 is 1.3 billion dollars. Compare with New York...a city of comparable size...107 billion dollars.

Lagos has needs larger in size than that 1.3 billion dollars. Naturally, they take loans.

Plus., last year Lagos collected 709 billion naira....or .....423 million dollars.

That is Nigeria's richest state.....and the tax they collect cannot meet its needs at all.

Like now, Lagos needs between 1.5-4.7 billion dollars to fix its santiation system.

Remember, Lagos budget is 1.3 billion dollars

And looting still happens.

And how do we justify that Lagos spent more than what was used to develop Dubai. If half of Lagos money in bourdillon house, Lagos should be far better than Dubai by now, considering what’s made vs what’s expended.

nairalanda1:


Look, you guys don't know how bad it is for us.

80% of our revenue comes from oil. Let it sink in...80% of our revenue comes from oil. 20% comes from other sources, including tax. Tax does not account for a large amount of our revenue. Add the fact that the oil revenue comes from 1.3m bpd. Not enough for a nation of 5 million.

That is why we should not have voted for tinubu. We should have voted for a leader that would have promoted production, promoted widening the tax base and economic diversificaiton, plus total removal of subsides on power and education.

Subsidy still dey on education...primary and secondary...as well as health and for 80% of consumers of electricity. (those who are not on band A).

The truth is, our government borrows, because to not borrow means they would have to tax the 70% of Nigerians who do not pay taxes, and force every NIgerian to pay premium for electricity, and remove subsides on health and non-teritiary educaiton....and guess what...it means riots.

Tinubu is borrowing because he no wan face reality. Like every Nigerian politican, he takes bad decisions to get elected again and again.

I agree with some of your points, especially the fact that Tinubu was a mistake. However, I disagree with the subsidies on electricity. I once worked in an organization where we spend more money on national grid than running generators.

Bobloco:
Tinubu is not paying any subsidy, but has borrowed much more in the past eighteen months than what Buhari borrowed during his entire eight-year tenure, while still paying subsidy.

Apart from the Lagos-Calabar Coastal Highway, which is widely seen as a fraudulent project, there are no other major projects being undertaken by the Tinubu government.

This leads to the obvious conclusion that Tinubu is borrowing to loot, engage in frivolous and extravagant spending, such as borrowing to acquire a new aircraft, an all-black armored Cadillac Escalade SUV, and discarding the Mercedes Benz Maybach S-Class that Buhari used. He is also borrowing to buy a yacht and to fund senseless trips abroad, visiting hospitals in the UK and France for medical check-ups, yet failed to build a world-class hospital in Lagos despite claims that he built the state from scratch.

The same style they used to impoverished Lagos state. I’m yet to see anyone to enlighten me how and why the richest state in Nigeria is still the most indebted state in Africa.

Tinubunomic: External Reserve $40b, External debt $45b. Nigeria is moving fobackward.

In recent years, Nigeria has faced significant challenges under the leadership of the All Progressives Congress (APC). From economic downturns to issues of insecurity and corruption, many Nigerians have grown disillusioned with the promises that brought the APC to power. As the next election cycle approaches, a growing number of citizens are calling for change, hoping to find solutions that can lead the country out of its current struggles and toward a brighter future. This sentiment has inspired a catchy slogan: "A Better Country is as simple as ABC — Any Party But APC."

In this article, we explore the reasons behind this movement and why many Nigerians believe that a fresh approach is essential for progress. Let's break down the "ABC formulas" to understand what a different leadership might mean for Nigeria.

A - Accountability Over Empty Promises

One of the primary criticisms leveled at the APC is its alleged failure to deliver on the promises it made to Nigerians. The party came into power on a platform of reform, vowing to tackle corruption, reduce insecurity, and foster economic growth. However, critics argue that there has been more rhetoric than real accountability. Government officials accused of corruption continue to evade justice, and key infrastructure and social programs lag behind expectations.

Accountability means more than rhetoric. Citizens are increasingly demanding that their leaders take responsibility for their actions and deliver tangible results. For Nigeria to prosper, any party aiming to replace the APC will need to prioritize transparency and hold leaders accountable for both successes and failures. This approach, which has been lacking under the current administration, is essential to rebuild public trust.

B - Better Economy and Infrastructure

Under the APC, Nigeria has struggled with economic instability, high inflation, and rising unemployment. The country, once seen as a potential economic powerhouse, now finds itself facing stagnation in various sectors. This stagnation affects everyday Nigerians, from young graduates unable to find jobs to small businesses grappling with rising costs. Despite its promises, the APC has been criticized for failing to create an environment conducive to economic growth.

A “Better Economy” must be a top priority for any administration that aims to improve the lives of Nigerians. Addressing infrastructure gaps, reforming policies to attract foreign investment, and providing support for local businesses are all critical steps toward a stronger economy. A thriving economy is fundamental to poverty reduction, job creation, and improved living standards, and any party that seeks to succeed the APC will need a clear, actionable economic plan to deliver these results.
C - Commitment to Security and Social Stability

Nigeria's security challenges are well-known and have escalated in recent years. Issues ranging from insurgency in the northeast to banditry, kidnapping, and ethnic conflicts have severely impacted national stability. Many Nigerians feel increasingly unsafe in their communities and frustrated by the government's inability to restore peace and order. While the APC has made attempts to address these concerns, the persistence of insecurity has led to a loss of confidence.

A commitment to security requires more than a reactive approach; it necessitates a comprehensive strategy to tackle the root causes of conflict, improve intelligence operations, and equip law enforcement and military personnel adequately. By prioritizing social stability and security, Nigeria can create an environment where citizens feel safe and are able to pursue their lives and businesses without fear.

Why "Any Party But APC" Resonates

The call for "Any Party But APC" is not just about opposing a political party; it's about advocating for the basic tenets of good governance. Nigerians are asking for leaders who prioritize the welfare of the people, act with integrity, and have a clear vision for the future. Citizens are looking for an alternative that can break away from the cycle of broken promises and address the issues they face daily.

As voters head to the polls, they will be weighing the plans and promises of other parties against the APC’s record. Many are hopeful that a different party might bring fresh perspectives and innovative solutions to the table. The sentiment driving the “ABC” slogan represents a desire for progress, security, and prosperity for all Nigerians, and this desire has become a powerful force pushing for change.

The Path Forward: Making "ABC" a Reality

For "Any Party But APC" to truly pave the way to "A Better Country," voters must be vigilant. It is not enough to simply switch political affiliations. Nigerians need to demand concrete plans, monitor leaders’ actions, and hold them accountable for their promises. Citizens must also continue to engage in democratic processes, advocating for policies that uplift communities and push the country forward.

In the end, achieving a better Nigeria is about more than party politics—it’s about instilling a culture of responsibility, resilience, and dedication to the common good. Only then can the ABC formula become the foundation for a new era of progress.

Saao:
Hmm A man serving under Apc, deciding on the fate of another person in pdp. Who is doing juju for wike that pdp can't kick him out of the party? Or is pdp so weak that apc will be controlling them? I tired for naija style of politics

It's clear that Wike and Reno recognize the strongest candidates capable of defeating the "monster" in Aso Rock; that's why they're opposing the choice of Atiku and Peter Obi. Reno even mentioned once that he would start attacking Atiku if Atiku chose Peter Obi as his running mate. Now, the "drunken master in FCT" is also kicking against the choice of Atiku. What are they so afraid of?

Truthisit:
Another tactic to block Atiku again. Omo, the formula worked well in 2023 and it will work again

When a student refused to accept the reason/s why s/he failed an exam, but believes s/he failed the exam because the teacher doesn’t like his or her face. That student will remain a failure till s/he gets sense and correct his or her mistakes.

A responsible president or government should focus on the well-being of its citizens above all else. Instead of making life difficult for everyone by removing fuel subsidy due to a few people smuggling petroleum to other countries, real leadership would tackle the problem directly. In contrast, President-elect Trump has committed to policies aimed at improving life for Americans. He plans to address illegal immigration through deportations, reduce taxes to ease the financial burden on middle-class families, and bring jobs back to the U.S. through trade reforms. Trump has also promised to strengthen border security, cut down on unnecessary regulations that hinder businesses, and invest in infrastructure to create more jobs. These measures reflect a focus on enhancing Americans' quality of life and safeguarding their interests. These initiatives reflect a dedication to safeguarding Americans’ interests and raising their standard of living—hallmarks of good leadership. This contrasts with a leader who, on their first day in office, announces the end of subsidies without consideration for the immediate impact on citizens, as if eager to impose hardship. True leadership requires not just action but also empathy and careful planning to protect and uplift all citizens.

But God, why did you created me in this corntree?

IfnobeGod20:
This Mr. Doyin Okupe have serious issue and he need redemption quickly. It was the same way he defended Jonathan with all the fibre in him. He is now doing same with Tinubu. I remember how he also defended Atiku during election. He's a man where belle face.
These politicians have taken the downtrodden for fools and they tend to dictate the rhyme for them, even though they have failed in all fronts.

You dey mind the “oku igbe “?

Judolisco:
Okonkwo, pat utomi and okupe really did a wonderful job in d last election.... Tinubu needed someone to reduce Atiku's vote in d south and Peter obi swallowed the bait hook, line and sinker..... Omo, levels dey dis politics stuff oh.... Even kwankwaso Don go see tinubu twice

kwankwaso and Obi worked for Tinubu. Every vote for the two were indirect votes for Tinubu. Unfortunately, many did not see it that way. They still believe they won the election. How do you correct your mistake is you still believe you didn’t make any mistakes? That’s why I think Tinubu might win the second term election

fergie001:
https://dailytrust.com/doyin-okupe-tinubu-will-spend-8-years-theres-an-agreement/

I like the clause, “if he fixes the problem he created” Nigeria and Nigerians can not survive another 4yrs of disastrous government. It’s not about north vs south but the right candidate that can move Nigeria forward. Unfortunately, I haven’t seen that in this T-pain regime.

slimfit1:
PDP is not a better alternative while Atiku is still attempting to run in 3 years time. A failed opposition party is not an alternative to Tinubu. They pushed this country to where we are today. Look at the state they govern it's shocking that they are not even attempting to be a better alternative. Tinubu as bad as he his still did something in Lagos to at least fool some people into voting and rigging for him.

The worst of PDP is far better than the all the best of APC joined together

emkz:
They all agreed to remove subsidy.

Subsidy was removed.

Those who lost are now turning their backs on the outcomes. This is why they never deserved to win.

Atiku had his chance as VP. There were serious issues arising from his managing sale of FG assets. There were issues arising from the power sector reforms and how that administration wasted money. They celebrate debt forgiveness. That was shameful. Has anyone bothered to ask about the cost of that debt forgiveness? If that Obasanjo/Atiku administration was not hopelessly visionless, could they not find something sensible to do with the money they threw away to buy debt forgiveness?

Was it not during Obasanjo/Atiku maladminiatration Nigeria started subsidizing dollars for the rich? Did both Obasanjo and Atiku not start their own private universities while in government exactly after winning their 2nd term?

Was it not Obasanjo/Atiku that starved Lagos State of LGA funds? Who suffered?

When Emefiele started naira repainting scheme, didn't Atiku support it, thinking it would be to his advantage? Is naira not scarce today because of Emefiele's demonic tendencies?

When Atiku saw that he was losing the court case against the person who defeated him, did he not go to the US to try to rubbish the person? Didn't Atiku support the #EndBadGovernance protests? When they became riotous and some of the children asked Atiku to be handed the seat he lost, why didn't Atiku speak up against it? Must he play politics with everything?

The north has had Almajiri problem for years, how did Atiku help to resolve the problem? It took a southern president to build schools for them which they have not attended.

Knowing how fragile our country is, was it fair that 8 years after Buhari ran the country, Atiku wanted to succeed him? Sadly, we are not there yet.

Atiku who now prides himself as a hypothetical problem solver could nit resolve the PDP crisis that eventually cost him the election. Even now, the party is in turmoil because of one person. Atiku cannot use his influence to rein in on the person, but he assumes he can solve Nigeria's problems.

Atiku, you had your chance and you did not immortalize yourself. Allow Tinubu do his four years and run against him in 2027. If Nigerians prefer you, they'd give you their votes. Your selfishness might make people wary of you if you continue in this trajectory of politicizing everything.

You are saying what you'd have done if you were president. But you are not president, which makes your fundamental premise flawed and everything that followed the flawed premise unintelligent.

OBJ/Atiku did far better than this total and monumental failure you call a President. I wonder what would have happened if it was APC/Tinubu that took over from the military, I'm sure by now, they would have sold the country.

gigabyte13:
Orisirisi
ATIKU sef dey advise government
😝😆😝😆😝😆😆😆😁😆😝
😆😝😝😝😝😝😝😆😆😝😆
If l dey power sef, no be person like Atiku l go wan listen to too.

Yes, the same Atiku is far better than your president.