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SportsRe: Czechia Vs South Africa: World Cup 2026 (1 - 1) On 18th June 2026 by iwaeda(op): 6:40pm On Jun 18
South Africa. grin grin grin angry
PoliticsRe: Sanwo-Olu Orders Immediate Evacuation Of Waste Across Lagos by iwaeda(op): 2:45pm On Jun 18
Coupled with rain, Lagos is not looking beautiful. grin grin grin angry
PoliticsRe: Sanwo-Olu Orders Immediate Evacuation Of Waste Across Lagos by iwaeda(op): 11:13am On Jun 18
Jokes aside, Lagos has been so dirty in recent times. Olusosun is eyesore. Those in charge are looking for scape goats. grin grin grin grin
PoliticsRe: FG Releases Barely 5% Of N54.93tn Three-year Road Budget by iwaeda(op): 10:22am On Jun 18
Audio government. grin grin grin grin
PoliticsSanwo-Olu Orders Immediate Evacuation Of Waste Across Lagos by iwaeda(op): 10:21am On Jun 18
Lagos State Governor Babajide Sanwo-Olu has directed an immediate scale-up of waste evacuation operations across the state following growing concerns over the accumulation of refuse in some areas.

The state government, in a statement issued on Thursday by the governor’s Special Adviser on Media and Publicity, Gbenga Akosile, acknowledged residents’ complaints and assured Lagosians that efforts were underway to restore normal waste collection services.

According to the statement, relevant agencies and service providers have been mobilised to work round the clock to clear waste backlogs and improve sanitation across affected communities.

“The Lagos State Government acknowledges the concerns of residents regarding the recent accumulation of refuse in some parts of the state and wishes to assure Lagosians that the situation is receiving the highest level of attention from Governor Babajide Sanwo-Olu and the entire machinery of government.

“We are not oblivious to the inconveniences and concerns occasioned by the situation. Lagosians deserve a clean, healthy and environmentally sustainable city, and this administration remains fully committed to delivering on that obligation,” the statement read.

Akosile said additional resources had been deployed to support waste evacuation efforts, while strategic interventions were being implemented to strengthen operational efficiency and improve waste collection and disposal.

He added that the governor had directed the Ministry of the Environment and Water Resources, the Lagos Waste Management Authority, the Lagos State Environmental Protection Agency and other relevant agencies to intensify their operations.

The government noted that Lagos generates about 13,000 tonnes of waste daily, making it one of the highest waste-producing cities on the African continent.

While describing the current situation as temporary, the government said substantial progress had already been recorded in some locations and promised further improvements in the coming days.

“We wish to reassure residents that this challenge is temporary. Indeed, substantial progress is already being recorded in several locations, and more improvements will become visible across the state in the days ahead,” he added.

The government also urged residents, market associations, businesses and community leaders to support sanitation efforts by disposing of waste properly and avoiding activities that obstruct drainage channels, roads and designated waste collection points.

It reiterated its commitment to maintaining environmental standards and protecting public health across the state.
https://punchng.com/sanwo-olu-orders-immediate-evacuation-of-waste-across-lagos/

SportsCzechia Vs South Africa: World Cup 2026 (1 - 1) On 18th June 2026 by iwaeda(op): 6:32am On Jun 18
Czechia vs South Africa 18 June, 2026 5:00 Pm.
PoliticsRe: God Cleared Me Of Corruption Charges: Diezani by iwaeda: 9:39pm On Jun 17
All those accusing GEJ, hope they rest now. grin grin grin grin
Foreign AffairsRe: US Releases Official Agreement With Iran. Read The 14-point Text by iwaeda: 8:04pm On Jun 17
After destruction of the land. grin grin grin
PoliticsRe: FG Releases Barely 5% Of N54.93tn Three-year Road Budget by iwaeda(op): 7:48pm On Jun 17
Nlfpmod,can you imagine. grin grin grin grin
PoliticsFG Releases Barely 5% Of N54.93tn Three-year Road Budget by iwaeda(op): 7:55am On Jun 17
The Federal Government has released about N2.68tn for the construction, rehabilitation and maintenance of roads and bridges across the country between 2023 and April 2026, findings by The PUNCH from the Open Treasury Portal have shown.

The analysis, however, revealed a significant disparity between approved budgets and actual releases, with the government making provisions totalling N54.93tn for road-related projects within the period under review.

The figures highlight both the growing emphasis on infrastructure development and the persistent financing constraints that continue to affect capital project execution in the country.

The development also comes amid the ongoing Renewed Hope Media Tour organised by the Presidential Communications Team, designed to showcase projects being implemented under President Bola Tinubu’s Renewed Hope Agenda.



Civil Society Groups March Against Insecurity and Economic Hardship in Lagos0:00 / 0:00


Data obtained from the Open Treasury Portal on Tuesday showed that road projects attracted a combined budgetary allocation of N2.53tn in 2023, out of which N631.51bn was released, representing an implementation rate of 24.95 per cent.

The Treasury data, however, did not specify the road projects to which the funds were released and did not indicate whether the government’s four legacy highway projects formed part of the expenditure.

A year-by-year breakdown showed that road construction projects received N280.14bn from a budget of N1.09tn during the year, while rehabilitation and repair works attracted N345.93bn from an allocation of N1.42tn. Road and bridge maintenance projects also received N5.44bn out of a total provision of N14.68bn.


In 2024, the Federal Government increased its budgetary commitment to the sector, making provisions amounting to N9.39tn for road-related projects. However, actual releases stood at N784.60bn, representing 8.36 per cent of the approved amount.

Road construction projects accounted for N383.74bn of the spending from an allocation of N5.05tn, while rehabilitation projects received N384.49bn from a budget of N4.32tn. The government also released N16.37bn for the maintenance of roads and bridges out of a total provision of N18.18bn.

The trend continued in 2025, with the government budgeting N7.22tn for road construction and rehabilitation projects. Treasury records showed that N670.68bn had been released during the period, translating to an implementation rate of 9.29 per cent.

Of the amount released, road construction projects received N269.75bn from an allocation of N3.42tn, while rehabilitation and repair projects attracted N400.94bn from a budget of N3.80tn.

The 2026 figures indicate a sharp rise in budgetary provisions. As of April 2026, the government had earmarked N35.79tn for road construction, rehabilitation and maintenance projects, the highest within the four-year period.

However, only N597.08bn had been released, representing 1.67 per cent of the approved budget. Specifically, road construction projects had a budgetary provision of N23.61tn, with releases amounting to N293.06bn.

Similarly, rehabilitation and repair projects received N300.80bn from a total allocation of N12.03tn. Road and bridge maintenance projects had an allocation of N144.64bn, but only N3.22bn had been released as of the end of April. Treasury records show that N26.54bn was released in April alone, leaving an outstanding budget balance of N23.32tn yet to be funded.



The data indicate that although substantial sums have been earmarked for road projects over the years, actual cash releases remain significantly lower than approved allocations, reflecting the financing constraints that often affect capital project implementation.

Further analysis showed that road construction consistently attracted the largest allocations. Budgetary provisions rose from N1.09tn in 2023 to N23.61tn in 2026, reflecting the Federal Government’s increasing focus on large-scale highway projects.

Road rehabilitation spending remained substantial throughout the period. Allocations increased from N1.42tn in 2023 to N12.03tn in 2026, suggesting a parallel effort to repair existing infrastructure.

Maintenance received the smallest allocations but recorded the highest execution rate. In 2024, road and bridge maintenance achieved a 90.05 per cent implementation rate, compared to less than 10 per cent for construction and rehabilitation.

Overall, the Federal Government budgeted N54.93tn for road-related projects between 2023 and April 2026 but released N2.68tn during the same period.

The data also showed that while budgetary provisions expanded significantly over the years, the percentage of funds released declined. In 2023, about 25 per cent of the approved budget was released. This fell to 8.36 per cent in 2024 and 9.29 per cent in 2025.

As of April 2026, only 1.67 per cent of the total budgetary provision had been released. The development comes amid the Federal Government’s renewed focus on infrastructure as a catalyst for economic growth.


Several major road projects are currently underway across the country, including the Lagos-Calabar Coastal Highway, the Abuja-Kaduna-Zaria-Kano Road, the Sokoto-Badagry Super Highway and other strategic federal highways aimed at improving connectivity across Nigeria’s six geopolitical zones and stimulating economic activities.

The Minister of Works, David Umahi, recently disclosed that the Federal Ministry of Works would prioritise the completion of major highways and the execution of four presidential legacy projects in its 2026 capital plan.

According to the minister, the ministry inherited over 2,000 ongoing projects in 2023, many of which have been rolled over into subsequent budgets due to funding constraints.

Umahi also told lawmakers during the defence of the ministry’s 2026 budget proposal that the Federal Government owed contractors about N2.2tn for certified works executed between 2024 and 2025, underscoring the financing challenges facing the road sector despite rising budgetary allocations.

He added that only a fraction of expected capital releases had been made, forcing the ministry to re-scope and prioritise projects.

The Open Treasury Portal, which tracks government revenues and expenditures, provides a snapshot of how much of the approved budgets for capital projects has translated into actual spending.

Although the latest figures point to an unprecedented expansion in planned spending on road infrastructure, the challenge, analysts say, will be ensuring that budgetary commitments are backed by timely releases to deliver the intended benefits to Nigerians.

https://punchng.com/fg-releases-barely-5-of-n54-93tn-three-year-road-budget/
SportsGhana Vs Panama World Cup 2026 (1 - 0) On 17th June 2026 by iwaeda(op): 10:07pm On Jun 16
Ghana vs Panama 18 June, 2026 12:00 AM.
SportsRe: France Vs Senegal: World Cup 2026 (3 - 1) On 16th June 2026 by iwaeda(op): 9:50pm On Jun 16
Defensive error by Senegal, 2-0 France. grin angry angry grin grin grin
PoliticsRe: Outrage In Jos, As Court Declares Hausa-fulani Eligible For Indigene Status by iwaeda: 12:11pm On Jun 16
We know there is an agenda and they are fulfilling it. grin grin grin grin grin
CrimeRe: Gunmen Attack NIPSS, Kill Three Security Operatives In Plateau by iwaeda: 11:32am On Jun 16
Nigeria is under siege, who is next. I pray God intervene. grin grin grin grin
PoliticsRe: ZLP Deregistration: This Judgement Will Expose You – Nwanyanwu To Justice Lifu by iwaeda: 10:39am On Jun 16
Hope these people are not planning, no Election. Lifu is a controversial judge. He should ask ABN judge. grin grin grin grin grin
PoliticsRe: Position Of The Electoral Act On Deregistration Of Political Parties by iwaeda: 9:51am On Jun 16
There is an existing appeal court judgement. With Lifu, his family will benefit some day. grin grin grin
BusinessRe: Dangote Refinery Slashes Petrol Gantry Price By ₦75/Litre by iwaeda: 8:36am On Jun 16
I thought it is N900 like one trap said. They are just waiting for elections, price will get to N1800. grin grin grin grin grin
BusinessNigeria’s Crude Earnings Plunge N1.75tn Despite Global Price Rally by iwaeda(op): 8:20am On Jun 16
Nigeria’s crude oil exports fell by N1.75tn in the first quarter of 2026 despite a rise in global oil prices, data from the National Bureau of Statistics showed.

The NBS, in its latest Foreign Trade in Goods Statistics report for Q1 2026, said crude oil exports declined to N11.20tn from N12.96tn recorded in the corresponding quarter of 2025.

“Crude oil exports in Q1 2026 were valued at N11.20tn; the value decreased by 13.53 per cent from N12.96tn in Q1 2025 and increased by 15.45 per cent from N9.70tn in Q4 2025,” the bureau stated.

The decline translates to a year-on-year loss of N1.75tn in crude export earnings, although crude receipts rose by N1.50tn compared with the fourth quarter of 2025. The data suggests that the rebound from the previous quarter was not strong enough to match the level recorded in early 2025.


So This Happened (EP 258) Reviews NNPC’s Plans To Secure A $2 Billion Oil-backed Loan,...

Crude oil remained Nigeria’s dominant export product during the period, but its weight in the country’s export basket weakened.

The commodity accounted for 52.92 per cent of total exports in Q1 2026, down from 62.89 per cent in Q1 2025. This means crude oil still generated more than half of Nigeria’s export earnings, but its share fell by almost 10 percentage points within one year.

Total exports rose to N21.17tn in Q1 2026 from N20.60tn in Q1 2025, representing a 2.77 per cent increase. This shows that overall export growth was not driven by crude oil but by stronger earnings from non-crude oil exports and other petroleum products.


Non-crude oil exports rose to N9.97tn in Q1 2026 from N7.64tn in Q1 2025, while non-oil exports stood at N3.19tn. Other oil product exports also increased sharply to N6.78tn from N4.48tn, representing a 51.49 per cent rise.

The report said, “Crude oil remained Nigeria’s major exported commodity in the first quarter of 2026, with a value of N11.20tn, representing 52.92 per cent of total exports.”

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The figures indicate that Nigeria’s export structure remained heavily dependent on petroleum, even as crude oil underperformed year-on-year. Mineral products accounted for N18.16tn, or 85.77 per cent of total exports, followed by products of the chemical and allied industries at N1.39tn, or 6.58 per cent.

India was Nigeria’s biggest export destination in the quarter, receiving goods valued at N2.77tn, or 13.09 per cent of total exports. France followed with N1.97tn, the Netherlands with N1.95tn, Spain with N1.63tn, and the United States with N1.18tn. Together, the five countries accounted for 44.84 per cent of Nigeria’s total exports.

Regionally, Europe was Nigeria’s largest export market, with goods valued at N7.93tn, or 37.44 per cent of total exports. Asia followed with N6.42tn, or 30.31 per cent, while Africa received N4.06tn, or 19.19 per cent.

Despite the fall in crude earnings, Nigeria posted a stronger trade surplus of N7.55tn in Q1 2026, compared with N1.71tn in Q4 2025. The bureau attributed the improvement mainly to lower imports and higher crude oil exports on a quarter-on-quarter basis.

Imports fell to N13.62tn in Q1 2026 from N16.64tn in Q1 2025 and N17.25tn in Q4 2025. The lower import bill helped strengthen the trade balance, even though crude earnings remained weaker than the level recorded a year earlier.

The decline came despite rising international crude oil prices in March 2026, driven by escalating geopolitical tensions in the Middle East and concerns over disruptions to global oil supply routes.

According to the US Energy Information Administration, Brent crude prices climbed sharply during the first quarter of 2026, crossing the $100 per barrel mark on March 12 and closing the quarter at around $118 per barrel after renewed military tensions in the Middle East and fears surrounding the Strait of Hormuz.

The decline in crude oil export earnings further coincided with lower crude oil production in the first quarter of 2026, suggesting that weaker output may have offset the benefits of higher international oil prices during the period.

The NBS, in its latest Gross Domestic Product report, noted, “The nation in the first quarter of 2026 recorded an average daily oil production of 1.55 million barrels per day (mbpd), lower than the daily average production of 1.62 mbpd recorded in the same quarter of 2025 and lower than the fourth quarter of 2025 production volume of 1.58 mbpd.”

https://punchng.com/nigerias-crude-earnings-plunge-n1-75tn-despite-global-price-rally/
BusinessRe: US-Iran Truce Could Slash Petrol Price To ₦900 – Oil Marketers by iwaeda: 8:04am On Jun 16
Another propaganda by APC, Dangote has been removing N75 day in day out. N900 ko N200 ni. grin grin grin grin grin grin grin
PoliticsRe: ADC Deregistration: Justice Peter Lifu Should Be Arrested - Bolaji Abdullahi by iwaeda:
The same way they scuttled June 12, ADC will be on ballot papers and win.Lufi has failed. Men never learn from history. grin grin grin grin grin
PoliticsRe: Four Generals Killed Under Tinubu Administration By Bandits (Photos) by iwaeda: 9:58pm On Jun 15
Under Tinubu, things have gone worse, obas, army general are dying in kidnappers den.No one is safe. cry cry cry cry cry
CrimeRe: Nigerian Troops Rescue Wife Of Retired General Rabe Abubakar In Katsina. by iwaeda: 7:55pm On Jun 15
Another movie script. Truth will come out one day. cry cry cry cry cry
PoliticsRe: Court Is Wrong: ADC Won 2 House Of Representatives Seats In 2023 by iwaeda: 7:53pm On Jun 15
Wike and Co think, they will have power forever. Tinubu should not destroy Nigeria for his selfish ends. We shall be here to laugh. grin grin grin grin grin
SportsFrance Vs Senegal: World Cup 2026 (3 - 1) On 16th June 2026 by iwaeda(op): 7:04pm On Jun 15
France vs Senegal 16 June, 2026 20:00 j
BusinessRe: Nigeria’s Inflation Rose To 15.93% In May – NBS by iwaeda(op): 4:24pm On Jun 15
Nlfpmod, we can doctored again. No comment. grin grin grin grin
BusinessNigeria’s Inflation Rose To 15.93% In May – NBS by iwaeda(op): 3:52pm On Jun 15
Nigeria’s inflation rate rose to 15.93 per cent in May 2026.

This marked the third consecutive monthly increase in the annual inflation rate as food prices continued to pressure household budgets despite a slowdown in the pace of monthly price increases.

The latest Consumer Price Index report released by the National Bureau of Statistics on Monday showed that inflation increased from 15.69 per cent in April to 15.93 per cent in May, extending a rebound that began in March after inflation fell slightly to 15.06 per cent in February.

The report showed that the Consumer Price Index increased to 140.7 in May from 138.3 in April, representing a 2.4-point increase in the general price level.

According to the NBS, “In May 2026, the Headline inflation rate on a month-on-month basis was 1.75 per cent, which was 0.39 per cent lower than the rate recorded in April 2026 (2.13 per cent). This means that in May 2026, the rate of increase in the average price level was lower than the rate of increase in the average price level in April 2026.”

Although the month-on-month inflation rate moderated, the annual inflation rate continued its upward trend, rising from 15.38 per cent in March to 15.69 per cent in April before reaching 15.93 per cent in May.

“On a year-on-year basis, the Headline inflation rate rose to 15.93 per cent, up from 15.69 per cent in April 2026 and down from 26.06 per cent in the same month of the preceding year (May 2025). Looking at the movement, the May 2026 Headline inflation rate showed an increase of 0.24 per cent compared to the April 2026 Headline inflation rate,” the report read.

The latest figure, however, remained substantially below the 26.06 per cent recorded in May 2025, highlighting the significant easing in inflationary pressures compared with a year earlier. The NBS noted that the May inflation rate was 0.24 percentage points higher than the 15.69 per cent recorded in April.

An analysis of the inflation basket showed that food and non-alcoholic beverages remained the largest contributor to headline inflation, accounting for 6.38 percentage points of the annual inflation rate. Restaurants and accommodation services contributed 2.06 percentage points, transport accounted for 1.70 percentage points, while housing, water, electricity, gas and other fuels contributed 1.34 percentage points.

Education services contributed 0.99 percentage points to headline inflation, followed by health at 0.97 percentage points and clothing and footwear at 0.80 percentage points. Information and communication, as well as personal care and miscellaneous goods and services, each contributed 0.52 percentage points.

The report further showed that average inflation for the 12 months ending May 2026 stood at 18.36 per cent, compared with 30.57 per cent recorded in the corresponding period of 2025.

Food prices remained one of the strongest drivers of inflation during the month.

The NBS reported that food inflation stood at 16.96 per cent year-on-year in May, compared with 24.55 per cent in the corresponding month of 2025. On a month-on-month basis, food inflation eased to 2.98 per cent from 3.63 per cent recorded in April.

According to the bureau, the increase in food prices was driven by the rising cost of staple items, including onions, maize grains, melon, water yam, cassava flour, crayfish, fresh pepper, tomatoes, wheat grain, cassava tubers, yam tubers, sweet potatoes, ginger, plantain and cowpea.


“The average annual rate of Food inflation for the twelve months ending May 2026 over the previous twelve-month average was 16.99 per cent, which was 16.22 percentage points lower compared with the average annual rate of change recorded in May 2025 (33.21 per cent),” the report sstated

Core inflation, which excludes volatile agricultural produce and energy prices, stood at 16.82 per cent year-on-year in May, compared with 24.92 per cent in May 2025. On a month-on-month basis, however, core inflation accelerated sharply to 1.94 per cent from 1.03 per cent in April.

This suggests that underlying price pressures in the broader economy strengthened during the month despite the moderation in headline and food inflation on a monthly basis.

Urban inflation was recorded at 16.07 per cent year-on-year in May, while monthly urban inflation rose to 1.99 per cent from 1.86 per cent in April. The 12-month average urban inflation rate stood at 18.27 per cent, significantly lower than the 32.55 per cent recorded a year earlier.

In rural areas, inflation stood at 15.60 per cent year-on-year. Monthly rural inflation slowed markedly to 1.17 per cent from 2.80 per cent in April, while the 12-month average rural inflation rate eased to 18.19 per cent from 28.36 per cent recorded in May 2025.

Further analysis of the report showed that services inflation remained elevated at 17.92 per cent year-on-year and 2.84 per cent month-on-month.


Imported food inflation stood at 14.60 per cent annually and 2.28 per cent monthly, while goods inflation was recorded at 6.62 per cent year-on-year and 0.73 per cent month-on-month. Energy inflation stood at 5.73 per cent year-on-year and 0.72 per cent month-on-month.

At the state level, Yobe recorded the highest headline inflation rate on a year-on-year basis at 24.94 per cent, followed by Anambra at 23.29 per cent and Sokoto at 22.60 per cent.

Niger recorded the lowest annual inflation rate at 3.07 per cent, followed by Plateau at 7.10 per cent and Edo at 7.73 per cent.

On a month-on-month basis, Benue recorded the highest increase in headline inflation at 8.23 per cent, followed by Bayelsa at 7.62 per cent and Borno at 7.29 per cent.

Niger recorded a decline of 4.55 per cent, while Zamfara and Taraba recorded declines of 3.36 per cent and 2.67 per cent, respectively.

The report also showed wide variations in food inflation across states. Adamawa recorded the highest annual food inflation rate at 29.62 per cent, followed by Kwara at 28.47 per cent and Rivers at 28.40 per cent. Borno recorded food deflation of 6.53 per cent, while Taraba and Bayelsa recorded the slowest increases at 1.13 per cent and 5.99 per cent respectively.

On a month-on-month basis, Bauchi recorded the highest food inflation rate at 7.73 per cent, followed by Ogun at 6.86 per cent and Jigawa at 6.69 per cent. Niger, Katsina and Gombe recorded food price declines of 3.54 per cent, 3.48 per cent and 2.22 per cent, respectively.

The latest figures indicate that while inflation remains considerably lower than the levels recorded a year ago, consumer prices continue to rise, with the annual inflation rate increasing for the third consecutive month amid persistent pressures from food, services and other core components of the economy as global tensions and insecurity persist.
https://punchng.com/nigerias-inflation-rose-to-15-93-in-may-nbs/

PoliticsRe: ADC Announces Amaechi As Atiku's Running Mate by iwaeda: 1:11pm On Jun 15
Atiku and Amaechi, the only option left. Congratulations in advance. grin grin grin grin
PoliticsRe: Bandits Launch Over 50 Attacks In One Week - Police Report by iwaeda: 1:01pm On Jun 15
When we talk, they ask us to bring head and leave neck. Tinubu is a failure, QED. Even with the present set up of security manned by one tribe. grin grin grin grin
PoliticsRe: South-West Likely Decider In 2027 Presidential race - Nairametrics by iwaeda: 12:59pm On Jun 15
Atiku Abubakar is your next President. grin grin grin
PoliticsRe: El-Rufai Arrives In Court For Corruption Trial by iwaeda: 12:50pm On Jun 15
Let us see how it goes, another delay tactics. grin grin grin grin
PoliticsRe: Why We Had To Go Fully Solar — Aso Rock by iwaeda(op): 12:11pm On Jun 15
They tell you to tighten your belts, but loosen theirs. grin grin grin grin grin grin
Christianity EtcRe: No Security, No Election - Prophet Isa El-Buba by iwaeda: 9:18am On Jun 15
You are defending incompetent government of Tinubu because of personal gains. Don't worry. Life knows how to balance out. grin grin grin grin angry angry

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