₦airaland Forum

gidgiddy:
Say a prayer for the millions of souls we lost in a noble fight for freedom from the tyrannical and unjust British colonial creation called Nigeria

Say a prayer for the present generation who survived the war, went on to multiply, but still exist in a Nigeria that has never worked since then

Say a prayer for the future generation, that they may have a better life than we did, without seeing what we saw

May all Biafran heroes rest in peace, until we meet again to part no more

Ise! Ise! Ise!

Sit at home no dey ni?😁

JetApartment:
This is pure lies from the pit of hell, seun I have read more than 5 front page news on grid collaps this year's alone but I see just one listed up there.

Share the 5 different news with Nairalanders

nairalanda1:
He sold them to competent people.

Abuja DISCO was sold to Kann , which had a good reputation in other African countries. As an example.

The problem was that price controls remained in place, which drove off much bigger investors. Only now is it that TInubu has removed price controls on band A , who make up less than 20% of the consumer base...otherwise they remain for most people.

Also, many Nigerians do not pay for the power they use. That also restricts profits.

That's why several discos were forced to hand over to the banks. Like KANN did for Abuja. And that is why Barth Nnaji is allowed to charge high prices for his aba power station. Price controls cause a lot of wahala.


If you were in business and government was setting your prices, you go make profit? NO.

Do you also know there's price control in the telecommunication sector?

nairalanda1:
LOL...you guys should realize that we needed a whole lotta more money than what Jonathan got.

One thing about the oil boom of the Jona years, while a lot of money flowed in, it won't have been enough to guarantee that every Nigerian connected to the grid would get 24 hour power supply.

The only way was privatisation, which Jona completed. The problem was that he then brought in price controls, which APC buhari and tinubu have both joined him in keeping, which keeps out far more investment.

You failed to also state that Goodluck Ebele Johnathan sold the power company to incompetent people

Procashtips:
1 this year just shows that this stat is not realistic.

Can you list out the power collapse that happen this year?

ksam:
Only one this year is a big fat lie. Like we are not in this country. This year alone, we have witnessed more than 20 grid collapse
The amount of power grid failures witnessed in APC alone is more than numbers of power failures since the existence of this country

You and who?

Before you start getting angry and depress, Gov. Adeola Adeleke was once in the APC before he ported to the PDP.

The 14th century was a time of crisis and transformation across much of the world. Plague, war, shifting power structures, and intellectual ferment reshaped societies from Asia to Africa, Europe to the Americas. Despite profound instability, new centers of influence emerged and long-distance connections intensified, forging an increasingly intertwined—yet fractured—global landscape.

The Black Death swept from China to Europe, decimating populations and disrupting economies, while the Delhi Sultanate expanded deep into the Indian subcontinent and the Mali Empire reached its zenith under Mansa Musa. The Mongol Empire fractured, Byzantium faltered, and new dynasties—like the Ming in China—rose from the wreckage. In West Africa, Islamic scholarship flourished in Timbuktu; in the Andes, regional centers consolidated power; and in Mesoamerica, the foundations of future empires were being laid. Trade routes carried goods, stories, and contagion across continents, linking distant cultures even as their internal structures reeled from conflict and change.

https://www.worldhistory.org/image/20507/map-of-the-world-in-the-14th-century/

Good2go1:
What capacity do you have to speak for Lagosians? We the real Lagosians that pay taxes are not happy with mediocrity

Lagosians are fully behind the president. Online lagosians like you can keep on shouting on nairaland

Good2go1:
Why in a rush to commission a small section of the completed? I weep for the kind of leaders we have in this country

Weep for yourself oga. Lagosians are happy with the project.

iwaeda:
Those deceiving themselves knows. How can 700km road be be 1.8% done and be commissioned. Why wasting scarce resource to celebrate a road that is just in Lagos area.

Work is ongoing in Akwa Ibom and Cross River. Work is ongoing on the section 2 in Lagos. The whole section 1 in Lagos will likely be completed this year base on the pace they are working. The government will be commissioning the road phase by phase. The road will reduce the traffic at that corridor.

6/10

agulion:
I don't think in the history of Nigeria, if anybody have ever asked a Judge to step down from a case assigned to him, pls fact check me

See what this small boy is saying and his fellow IPOB dients don knack his ignorant comment 19 likes

I do not agree with Falana on this issue because Natasha accused the senate president of wanting to assassinate her. It's a very serious allegation against the senate president, an allegation that can put a dent on the government.

He should be locked up for a long period of time

Chelsea agbaya

Preator:
One million a year, thats barely above minimum wage a month. Not sure what the congrats is for

You should know he mean #1m per annum. Shey e make sense to you, for a person earning #1m per month to be exempt from paying tax?

Omo, a lot of Nigerians that are not paying tax should be ready to start paying

Even Kenya is now importing more refined petroleum than Nigeria.

Shame on the "I know someone working at the Dangote refinery gang".

Cyril Dressers can be paired with Osimehin during the WCQ. He deserves to be giving a chance with this performance.

Good news. It will encourage the youths to attend the technical schools

FG’s Series VI Sukuk offer oversubscribed by 735%, attracts record N2.205 trillion subscription

FGN Bonds, bond, DMO set to auction N150 billion in FGN Bonds to investors , FGN Bond for February 2020 oversubscribed by investors, DMO suspends April 2020 FGN savings bond offer

The Debt Management Office (DMO) has announced that the Federal Government has successfully recorded a total of N2.205 trillion subscriptions through the Sovereign Sukuk since its debut in 2017, representing an oversubscription of 735%.

This is according to a new circular issued on Wednesday, 28 May 2025 by DMO.

DMO had announced the issuance of a N300 billion 7-year Ijarah Sukuk bond to fund critical road and bridge infrastructure across Nigeria’s six geopolitical zones.


According to the DMO statement, “It is clear evidence of investor-appetite for the ethical instrument introduced by DMO in 2017 as an innovative strategy to expand the nation’s investor-base and provide opportunities for all Nigerians to participate in the activities of the capital market.”

Analysis of the subscriptions showed that the subscribers cut across various segments of the public: retail, non-interest banks and financial institutions, banks, pension fund administrators, assets/fund managers, and others.



“Like the previous series, funds realized from the Issuance will be used by FGN to construct new roads and rehabilitate existing ones as well as build bridges in the six (6) geopolitical zones of the country and the Federal Capital Territory (FCT),” DMO stated.

What you should know 
Speaking during “an all-parties meeting” for the issuance of the seventh series of the Sovereign Sukuk in March, Director-General of the DMO, Patience Oniha, revealed that the latest series aims to raise approximately N300 billion to finance capital projects.
Reflecting on the progress achieved, Oniha stated, “We recall that the first Sukuk was issued in September 2017. After extensive marketing, the offer, which was for N100 billion with a tenor of seven years, received a total subscription of N105.878 billion.” 

Oniha highlighted the accomplishments achieved over the years, noting, “Following the modest success of the first Sukuk and the achievement recorded from September 2017 to December 2023, the DMO has raised a total of N1.09 trillion.” 



With this amount, over 4,100 km of roads and nine bridges across Nigeria’s six geopolitical zones and the Federal Capital Territory have either been constructed or rehabilitated.
The DMO emphasized the transformative impact of the infrastructure projects funded by the Sukuk. Benefits include reduced travel time, enhanced road safety, job creation, and improved market access for remote farmers.
She noted that investors experience dual benefits: the fulfillment of contributing to infrastructure development and receiving returns in the form of income paid semi-annually.
The issuance of the Sovereign Sukuk is supported by financial advisers such as Lotus Financial Services Limited, Buraq Capital Limited, Stanbic IBTC Capital Limited, Greenwich Merchant Bank Limited, and Vetiva Capital Management Limited.
These firms play a critical role by advising on the Sukuk’s structure, managing the offering process, and facilitating investor participation.

Earlier in May, DMO announced the issuance of a N300 billion 7-year Ijarah Sukuk bond to fund critical road and bridge infrastructure across Nigeria’s six geopolitical zones.


https://nairametrics.com/2025/05/28/fgs-series-vi-sukuk-offer-oversubscribed-by-735-attracts-record-n2-205-trillion-subscription/

SamGift0817:

https://www.youtube.com/watch?v=-X-IhkamOzI

A member of the Peoples Democratic Party’s Board of Trustees, Bode George, has expressed dismay over the sealing of the PDP’s national secretariat by the Federal Capital Territory Administration due to unpaid ground rent.

George said it was painful that the Minister of the FCT, Nyesom Wike, under whose authority the FCTA carried out the action, is a member of the PDP.

Officials of the FCTA sealed the PDP headquarters, also known as Wadata Plaza, in Abuja on Monday during the enforcement of the revocation of 4,794 properties for non-payment of ground rent, which ranged from 10 to 43 years.

Properties owned by government institutions, corporate organisations, and individuals were also affected.

All the things he did in the past for the party, how did the PDP pay him back?

The Niger Delta will never be part of Biafla

When some Governors drag the FG to court during the naira crisis, the case didn't take this long. I wander why this is different. But if the supreme court eventually looks into this case and pass a judgement, I hope everybody will accept the outcome.

TallNigerian:
It's not just the police, 90% of public service jobs in Nigeria are designed to keep you in perpetual poverty. If you are not opportune to find yourself in Grade A agencies like NNPC, NUPRC, NMDPRA, NIMASA, NCC, NDIC, NCDMB, NSIA, CBN or few grade B like NIA, NNRA, BOI - which by the way are reserved for children and relatives of the elite- and you do not have the connections to get yourself a political appointment such as SA, SSA, DG/CEO, Commission Secretary, Board Chairman/Member of parastatal Governing Board, Minister (Junior/Senior), etc. You are just wasting the most productive years of your life calling yourself a civil servant, living from hand to mouth, surviving on loans and almost choking to death before your next paycheck.

Gone are the days when public service jobs were the prize. Core Civil service no longer pay gratuities, pensions are no longer for life and are subject to what you and your employer contribute from your meagre salary and will not be enjoyed beyond 75 years of age. if you don't die on or before 75 years, you are on your own. No low cost housing for most civil servants and many will never own a house of their own after 35 years of meritorious service. wage awards, promotion arrears, and other entitlements being owed for years.

Omo, this comment is heartbreaking

What's the minimum wage in Nigeria compared to the US minimum wage? Base on Nigeria standard, the 320k is manageable. The FG needs to find ways to make the naira gain value and stabilize.

Each of the state should receive a derivation like the oil producing state

Carazon:
What if he comes to Nigeria with that 14k cedis and buy the iPhone 16 pro max?

Fyi, I'm not supporting any side, just ask a question

How much will it cost him to fly from Ghana to Nigeria to and fro?

Riskymarvelous:
is that what remain now bro when 90% of Nigerians are suffering

Provide your evidence