₦airaland Forum

DoTheNeedful:
APC cannot win Katsina, let's be realistic. In fact, APC will lose the NW and the NE. The margin of the defeat will determine the outcome of the election.

That said, I still believe Tinubu will win. Outrightly winning a state will not matter too much in the forthcoming presidential election. In 2023, Tinubu lost Lagos, Kano, Katsina, and Osun. Yet, across these four states, he got around 2 million votes, representing 33% of Obi's votes or 30% of Atiku's votes. At the moment, Tinubu will come at least second in almost every state in Nigeria. That should seal the deal for him, except the NW break massively (the Buhari way) in favour of Atiku.

Atiku really upset the cart by announcing that he would return subsidy. Whether you agree or not, the dynamics of the 2027 elections changed after that announcement. Atiku currently even has more momentum than Peter Obi.

Subsidy cannot be returned without damaging Nigeria.
I would rather we collapse the country than go back to the penury and mass stealing of the subsidy era. Atiku no go die well

Stanna2025:
The thunder that will fire Tinubu and this reserve is warming up. God punish you all and reserve while the masses struggle 😭😭😭

E no go betta for you and those useless and senseless masses…..

We no go use public funds to feed anybody.

Isobug:
Nonsense and irrelevant news, what's the effect to common man on the streets of Lagos to Zamfara to Abakaliki and to Plateau.
We want real human welfare development not one unreal paper economics

The common man is not the be it and end it for Nigeria. We must give priority to the productive, industrious sensible men NOT the common man that is a burden on himself, his unfortunate family and the nation 🤷🏾‍♀️

Jakarta:
Foreign reserves, wey dey reserve porverty.

Something important is very far from you. Pity

And poverty is spelt this way.

ghettochild:
Nothing Is spiritual about Nigeria...
It's sheer wickedness from bad leadership....

The citizens are 10x times worse than the leaders.

OredoPikin:
Only criminals, potential criminals, and tribal bigots hate Obi

The tribal bigots voted 90%+ for their Obi in 2023. Parochial bloody hypocrites.

leisuretym:
Let's try Peter obi, it's over due

Let see what this man can even do

Try him as local govt chairman in Enugu. Of course

Luxuryprincesss:
Eiejeje

Hello, still available?

Eriokanmi:
I nearly ate that guy's money here ahead of the 2023 election. I wish I entered a bet with him. He said tinubu would win lagos lol. Even next year, not only will he still lose here. He will lose woefully

You’re overestimating yourselves, Obi people. The rubbish that was allowed in 2023 will never be repeated anywhere in Yorubaland again.

iwaeda:
Thank God. How can 308 people be kidnapped for more than 6 months. APC will not rule forever.

At least Obi people will never smell Aso Rock

discusant:
The Commander in Chief was asleep in Aso Rock when those people were kidnapped in the first place.
What sort of Commander in Chief would have people kidnapped under his guard?
A failed Commander in Chief.

Obi people
Obi people
Obi people
You will NEVER smell Aso Rock

Kobojunkie:
Like play like play, this has become a new norm in Nigeria with the damned president supposedly welcoming the very victims he failed to protect from terrorists and kidnappers!

Are you ok? Abi ori yin ti da ru ni? 🤷🏾‍♀️

mamaafrik:
Yes, Nigeria’s foreign reserves can increase while most citizens remain poor. Foreign reserves measure the country’s external financial buffer—not the welfare or purchasing power of households.

Nigeria’s gross external reserves have reportedly risen above US$45 billion, while official inflation declined slightly from 15.93% in May to 15.91% in June 2026. However, the IMF still estimates that poverty is extremely high and that millions of Nigerians face food insecurity.

1. Higher reserves do not enter people’s bank accounts
Foreign reserves are mainly foreign currencies and external assets held by the CBN. They are used to:

pay for critical imports and external obligations;

defend or stabilise the naira;

reassure foreign investors;

provide protection against oil-price and other external shocks.

They are not government revenue that can simply be shared among citizens or spent freely on salaries, roads and food subsidies. Spending reserves carelessly would weaken the naira and could restart an exchange-rate crisis.

Think of reserves as the country’s emergency savings account. A family can have emergency savings while its members still struggle with low monthly income.

2. Falling inflation does not mean prices are falling
An inflation rate of 15.91% does not mean food, transport and rent have become cheaper. It means that, on average, prices are still increasing—just at a somewhat slower annual rate.

For example, an item costing ₦10,000 could become approximately ₦11,591 after a 15.91% increase. Therefore, families continue to feel hardship unless wages and incomes increase faster than prices.

Furthermore, NBS reported food inflation at 17.52% in June 2026, higher than headline inflation. Since poorer households spend a large proportion of their income on food, their lived experience may be worse than the headline figure suggests.

3. Previous price increases have not been reversed
Nigeria experienced major increases in fuel, transportation, electricity, food and imported-product prices following exchange-rate depreciation and subsidy reforms. Even when inflation slows, the accumulated price increases remain.

The naira may now be more stable, but it is stabilising at a much weaker value than several years ago. The official NFEM rate was around ₦1,365–₦1,370 per US dollar in early August 2026. Consequently, imported machinery, medicines, raw materials and spare parts remain expensive.

4. Economic growth is not yet sufficiently inclusive
An economy can grow because oil exports, banking, telecommunications and financial markets are performing better, while ordinary workers, farmers and small businesses see little improvement.

The World Bank has acknowledged that Nigeria’s stronger external balances, revenue and economic growth have not yet significantly improved living standards. It says the country still needs more productive jobs, better public spending, lower food inflation and stronger social protection.

Nigeria’s population also grows rapidly. Therefore, total GDP can increase while income per person improves very slowly—or even declines. What matters to citizens is not only national GDP growth, but growth in real wages, employment and household income per person.

5. High interest rates are painful for businesses
To fight inflation and attract investment, the CBN has maintained a very tight monetary policy. The Monetary Policy Rate was 26.5% in July 2026, with a 45% cash reserve requirement for commercial banks.

This may help control inflation and support the currency, but it also makes loans extremely expensive. Small manufacturers, farmers and traders may find it difficult to borrow, expand production or employ additional workers.

Therefore, the same policy that strengthens reserves and stabilises the naira can temporarily suppress business activity and job creation.

6. Some foreign inflows may be portfolio investment
Foreign investors may bring dollars into Nigeria to purchase government securities, equities and other financial assets. These inflows strengthen reserves and the foreign-exchange market, but they do not automatically create factories or large numbers of jobs.

Long-term foreign direct investment in manufacturing, agriculture, mining, electricity and infrastructure generally has a stronger impact on employment than investors purchasing short-term financial instruments.

7. Structural problems remain
CBN policies cannot independently solve:

insecurity affecting farming and transportation;

unreliable electricity;

poor roads and logistics;

low industrial productivity;

unemployment and underemployment;

corruption and inefficient government expenditure;

insufficient healthcare and education;

weak social-protection systems.

The IMF has specifically noted that insecurity continues to hurt agriculture, investment and oil production. It estimated poverty at about 63% using Nigeria’s national poverty line, with approximately 27 million people facing food insecurity in late 2025.

The proper conclusion
The CBN’s achievements are not necessarily false. Rising reserves, a narrower official–parallel exchange-rate gap and declining inflation can indicate that an economy is moving from crisis toward stability.

But stability is only the first stage. It does not automatically produce prosperity.

For Nigerians to feel the improvement, macroeconomic stability must be followed by:

sustained reduction in food and transportation inflation;

wage and income growth above inflation;

greater agricultural and industrial production;

affordable electricity and business financing;

productive employment;

efficient use of increased government revenue;

targeted assistance for vulnerable households.

In simple terms: Nigeria’s financial indicators may be recovering, but household incomes, employment and public services have not yet recovered enough to compensate for the enormous loss in purchasing power experienced during the reform period.


This is what I found out

Keep looking for the bad news, Obi people. .

Mattswaggz:
na statistics we go chop?. .

Who cares what you go chop?

SpiritedCheer:
Tinubu has been power for 3 years, and you people are still blaming past regime. Under Tinubu, insecurity has gotten worse. Prices of basic items have quadrupled. Economic hardship has worsened. General cost of living has exponentially increased. The national currency lost most its value. Tinubu has failed in all areas of governance.

Go sit down and keep quiet. Allow the elected government to do the needful.

pdppower:
The question is, what positive effect does this have on the common man?

To hell with the common man, everything we do can’t be at the behest of the masses or the so called common man. The country doesn’t exist for their sakes only.
Time to stop this thinking. We can’t keep allocating all of government’s resources to feeding and taking care of the hapless common man. 😡😡

zeyt:
T Nigerian problems burns down to poor leaders. Leaders that spearheaded Nigeria indepence can't be compared with current crop of leaders. Leaders that leads with determination and purpose to bring positive changes. Ppl like Nelson Mandela, Kwame nkruma, Ibrahim Traore, Patric lummba, Muhammad Gaddafi to name a fews.
Tunibu policies won't bring Nigeria back on track. In fact we are derailing. It's no common sense to accrue more money for the government at the expense of general populace. The Money will either be squandered or stolen nothing like providing infrastructure. They can't find a way to depend Naira but take an easy way out. Squeezing the live out of everything that breathes. Businesses shut down. Ppl can't afford electricity, middle class wiped out and this is process for bringing change. Standard of living of ppl determines what translates in the future.

Hmmm Nigerians are a disadvantage to the country. Too many unproductive and entitled poor people who reproduce with reckless abandon. God forbid that I will vie to be the president of such a population of people.
We can’t keep blaming the leadership for everything.

Are we even easy to govern and direct? No!

zeyt:
Naira is still trash in the world market. What do you need naira for? We import almost everything and we have an unhealthy appetite for luxury we can't produce here. Corruption and thievery in public positions are still very high. Unproductive and uncontrollable monstrous population explosions. We don't even know how many we are in Nigeria. Yet they presents growth in economic indicators. It's lies and bullshit on paper. Everything is mixed and choatic.

Blame this on society, our dangerously unintelligent society. We can’t put this on one person or a group of politicians. We are mad.

Absolutely cursed people. How do you supply these deadly stuff without any conscience? Desperate people

Daguccizgreat:
What a suicidal decision she made. Hope she survives NOT

😡😡

seppuku:
Will you quite this SW- SE nonsense for God sake.

Are you ok? So we should ignore the simmering tension and hatred growing between the two, and pretend everything is sunshine? The people that have secretly accumulated g u n s (against SW people) in preparation for the next election.

Are you ok?

CharlesCNG:
RUFAI FINALLY DISCOVERS BLUEPRINTLESS PETER: NIGERIA CANNOT RUN ON VIBES. by CharlesCNG.

For years, Rufai Oseni appeared to provide Peter Obi with one of his most comfortable media platforms.

Obi could recite foreign statistics, describe Nigeria’s problems, announce ambitious targets and promise to move the country from consumption to production. His statements were frequently celebrated as evidence of exceptional intelligence.

But one essential question was often left hanging:

How, precisely, would he achieve these promises?

Then Obi faced Seun Okinbaloye in a serious national interview.

Suddenly, broad aspirations met direct follow-up questions.

Obi promised to end insecurity. He was asked how.

He spoke about power generation, agriculture, manufacturing and affordable credit. He was asked for the implementation pathway, institutional framework, funding and measurable targets.

The answers did not match the confidence of the promises.

Now even Rufai Oseni has reportedly reached the same conclusion:

“I didn’t see the how. We can’t run a country on vibes.”

Exactly.

Nobody expects a presidential candidate to reveal secret military operations, intelligence sources or classified security tactics. But voters are entitled to understand the broad architecture of his programme.

What policing reforms will he introduce?

How will intelligence agencies be coordinated?

How will his power targets be financed?

Which institutions will provide affordable credit?

What are the timelines and measurable outcomes?

These are not attempts to steal Obi’s ideas. They are the basic questions citizens should ask anyone seeking the presidency.

Rufai is right, but his discovery came late.

For too long, sympathetic interviewers and commentators treated Peter Obi’s descriptions of problems as solutions and his foreign comparisons as implementation plans.

They helped inflate the political balloon that Seun’s interview finally punctured.

It was like praising a student throughout rehearsals, only to discover during the external examination that he memorised the introduction but never studied the calculations.

Rufai helped nurture the myth.

Seun conducted the examination.

And Blueprintless Peter supplied the demarketing material.

I really enjoyed reading your submission. The style, clarity, expression and use of words and sentence structures were all on point. Kudos

highchief1:
i went to SA made a fortune and left immediately.i don’t understand why Nigerians decide to settle down there.Those guys are too hostile

SW is not hostile but see the insults and disrespect we are getting. If we change it for them, they will start crying. Surely SE can’t be that bad.

ceejay80s:
Someone should just direct me to any South African living around lagos,
I wan try something

Are you ok? Take that nonsense to the east. We don’t tolerate such behaviour in the SW.
they should have left when the SA people said enough was enough but stronghead and arrogance no go allow.

Chijeep:
It's a clear sign that most of us supporting Peter Obi aren't hungry for food, we just want a better Nigeria

Try a better SE or Biafra. Nobody will put you in charge of Nigeria. God himself forbids it.

Validated:
It is N187 per litre for "On Your Mandate people " of suffersticated land.

Yet, you can’t make it in life without running to the Mandate people’s region. Me chionu oga!

Emmabyte:
Tinubu has nothing to offer Nigerians

Wetin Agulu boy that can’t speak properly has to offer Nigeria?

mastermaestro:
This country is a coven of wickedness.

Why did your parents born you here? Have you thought about that and asked them?

Chijeep:
South African xenophobic spirit don dey enter una small small.
Una go cry las las

Go BECK!!!
Go Beck!!!