₦airaland Forum

May God comfort her family. Learnt she was flunged to the water due to excessive speed. Our youth need to caution themselves.

Petrobas left, sold its asset for $1.5bn amidst corruption scandal. Emotion has not allowed some people to reason. Most of you are blinded by politics.

Atiku saw ahead of time. Wike is PDP for now and he has openly declared for Tinubu. November is close, May God keep us.

The Kaduna–Abuja rail corridor, one of the busiest in the country, has suffered multiple disruptions in recent years, including the March 2022 deadly attack by armed men.


A passenger train travelling from Kaduna to Abuja derailed on Tuesday, leaving some of its cabins overturned.

SaharaReporters learnt that the incident occurred along the popular route in the morning, sparking panic among passengers.

A passenger described the scene as chaotic, with people scrambling in panic to safety.

It was not immediately clear what caused the derailment or whether there were casualties.

The Kaduna–Abuja rail corridor, one of the busiest in the country, has suffered multiple disruptions in recent years, including the March 2022 deadly attack by armed men.

Authorities are yet to issue an official statement on Tuesday’s incident.

Just last week, SaharaReporters reported that the Nigerian Railway Corporation (NRC) had confirmed an incident on the Abuja-Kaduna Train Service (AKTS) after one of the train’s coach wheels developed a hot axle on Wednesday evening.

According to a statement signed by the NRC’s Chief Public Relations Officer, Callistus Unyimadu, the fault occurred a few kilometres from Rigasa Station in Kaduna.

The hot axle, the corporation explained, was caused by abnormal temperature and excessive heat on the journal housing.

Unyimadu noted that the situation was immediately brought under control, and the train was safely marshalled to Kaduna.

Following the incident, the NRC said there would be temporary capacity issues, particularly affecting passengers booked on the business class coach. It later resumed operations.

The corporation tendered an apology for the inconvenience caused to passengers.

𝐕𝐈𝐃𝐄𝐎: 𝐀𝐛𝐮𝐣𝐚-𝐊𝐚𝐝𝐮𝐧𝐚 𝐭𝐫𝐚𝐢𝐧 𝐝𝐞𝐫𝐚𝐢𝐥𝐬

A passenger train travelling from Abuja to Kaduna derailed on Tuesday morning, leaving several carriages overturned and triggering panic among those on board.https://t.co/XfQlgIW2Z1

Credit : X | Zagazola pic.twitter.com/IMKZa6oSVz

— Punch Newspapers (@MobilePunch) August 26, 2025

https://saharareporters.com/2025/08/26/breaking-chaos-kaduna-abuja-rail-line-train-derails-several-cabins-overturn

Women are the major source of shaming of fellow women. I am not condoling stealing. She is hungry, bandits has dealt with her farms, lands and family.

Petrobas is not different from NNPCL, but better managed. Ask yourself why they left Nigeria. They can't compete. You want dollars to stabilise, let me laugh. Go and read PIA or PIB.

Petrobras left Nigeria in 2020 after selling its assets in the country for $1.5 billion. The company's exit was driven by financial difficulties, an alleged domestic corruption scandal, and a strategic decision to simplify its global operations.

[b]Brazil’s state-controlled oil company Petroleo Brasileiro SA has finalized the sale of its shares in Petrobras Oil & Gas B.V. (PO&GBV), the company producing oil in Nigerian oil assets, thereby ending its activities in Africa.

The Brazilian state-controlled firm had 50 percent of the company, in a joint venture with BTG Pactual E&P B.V, and sold its shares to Canada’s Africa Oil Corp. for $1.45 billion.
BTG, Brazil’s largest independent investment bank owns the other 50percent stake in Petrobras Africa, whose core assets are stakes in offshore fields that produce Nigerian oil grades Agbami, Egina and Akpo.
According to a note released by Petrobras, the transaction “is in line with the optimization of the portfolio and the improvement in the company’s capital allocation, aiming at generating value for its shareholders.”
The primary assets of Petrobras are an indirect 8 percent interest in Oil Mining Lease 127, which contains the producing Agbami Field with 250,000 barrels per day (bpd) capacity, operated by affiliates of Chevron Corporation, and an indirect 16 percent interest in OML 130, operated by affiliates of TOTAL S.A., which contains the producing Akpo and Egina fields.
Akpo produces 130,000 barrels per day (bpd) of condensate, while Egina, which started last year, will produce roughly 200,000 bpd. Agbami, with 250,000 bpd of light, sweet crude, is the most prized part of the asset.[/b]
In November last year, BusinessDay reported the sale of Petrobras Nigerian oil assets is not going according to plans after Petrobras, former partner, Africa Oil, said it would conclude the $1.5 billion purchase alone, but the company is scrambling for cash, a factor that may yet further delay the sale.

Please what will Petrobas do that, Nigeria indigenous Oil and Gas are not doing. Hope Nigerians will manage the company when it returns.

APC pyramids of rice in Ogun in the days of baba oni fila gogoro, witnessed by late Buhari.

Always flee like Joseph Israel Jacob of Abraham' clan from the city of Teran. How can monks ate forbidden apple too.

They went to Japan to designate a town as Nigeria homeland. They lied that Japan has approved a new policy. Kudus to APC lying machines.

Subsidy is gone destroyed the economy, when we told people, he had no plan. Today most youth are into content creation,many companies have been forced to close shops. Someone with low IQ, said, when last have you slept in petrol station. I want to ask them, when last have you filled your tank, how many days doest it take filling stations to sold off thirty thousand liters of PMS. Travel on the road, how many vehicles do you see, roads are deserted. Anyways, Tinubu is OTP.

This is a big lie and propaganda, people in Band A pays more. How many hours do they get.

Trade mark of Lagos, reason why all these balees, thugs, omoonile, abu, and Co wants lawlessness called APC to continue.

Very interesting, it is Atiku's clock, Obi may be lured with this bait.

For a man that built Lagos, but bequeath slums to most parts. People are hungry, angry and frustrated by bad thought polices.

Emi esu ti wa joba laye yi oo. What a wicked world. Ogun laye.

Alaba Rago after Orile towards FESTAC is a notorious place, how various government closed eyes to allowed it to degenate to that level. Anyways my path doesn't cross that area for now.

I pray we don't add Gaza to our stripes. It will be too complicated. Hope he is not given to Israel.

Benue through doesn't possess commercial crude, May be gas thought. What has been done with all the past profits.

Echo50:
Why is arsenal tormenting man united nah?
Even setting man united up by using smith Rowe to pass information.

Amori abi Amourin, will soon be relieved of his duty. 1 point since.

Saul is already on the throne, waiting for our David, Nlfpmod.

Egbon, ekaro. I saw the news, just decided to do nothing, but since it is here. What are Kwara people doing to defend there lands? Government seems unconcerned. Very bad, but history will judge us all.

https://www.youtube.com/watch?v=Q3iTH5Q8Eyc?si=veoOJw9bNH6kmH9s

Senior Pastor of House on the Rock Church, Paul Adefarasin, has sparked a heated debate after declaring that Nigeria was not divinely created but was instead a colonial construction designed for British economic gain.

Speaking during a Sunday sermon, the cleric dismissed the idea of Nigeria being founded on God’s will, insisting that historical and colonial interests shaped its existence.

“Nigeria, I do not believe it was created by God. I don’t believe it. I believe that Elizabeth the first got into a deal with the Ottoman Empire and they had a deal concerning the Sudan and those who care to buy the book, buy the book. It’s written by a fellow called, the name of the book is The Martyrdom of Man.

“As far as Africa was concerned, two empires got together and decided that this land will go to the sons of Ishmael. It is self-evident, but let’s not go there. This is not a political forum. This is a church and the church has responsibilities to get right what man got wrong. She’s the light of the world and the salt of the earth. That’s important.

Adefarasin further argued that Nigeria’s constitution lacks legitimacy since it was imposed by soldiers rather than by “we the people.”

Quoting Psalm 11:3, he likened the nation’s predicament to a building raised on faulty foundations.

“I have no problem with people of any faith being in charge, but they must adhere to the constitution of we the people. And when a constitution proposed to be of we the people and it is not, it’s some soldiers who wrote it, you have to question why we obey that constitution.

“Nigeria cannot be a solid nation that is properly grounded going towards her destiny. We started to go, but the Bible says, Psalm 11 verse 3, if the foundation is corrupted, if it is destroyed, what can the righteous do? To build a sustainable building, you have to build a solid foundation. You do a soil test, you do your engineering statics and you determine what will carry this building and make it last for a long time.”

He also took aim at governance and corruption, citing shoddy road projects as a metaphor for Nigeria’s flawed systems.

“There’s a difference between any road and the road that they build that takes you to the Lagos airport. That’s a proper road. Why they build roads and resurface them wrongly, I don’t know.

“Somebody suggested to me that it’s that kind of road because they want the same contract next year. That means that somebody sitting down somewhere making decisions has no sense of equity and justice. Do you understand? I hope you get me.

The pastor dismissed Nigeria’s celebrated nationalist leaders, Obafemi Awolowo, Tafawa Balewa, Ahmadu Bello, and Nnamdi Azikiwe, as “not the true founding fathers.” Instead, he attributed the nation’s creation to British officials in Whitehall and Lord Lugard, whose girlfriend allegedly coined the name “Nigeria.”

“There was a colonial conquest coming from the Maghreb, the Sahel, and it was interrupted by another colonial conquest of the British. And the British are not, let me say it another way, Awolowo, Tafawa Balewa, Ahmadu Bello, and Azikiwe, they are not the founding fathers of Nigeria in my opinion.

“The founding fathers of Nigeria are some men from Whitehall and a fellow called Tob Goldman, his girlfriend, she named the country, and also Lugard.

“This nation was created for the business of the British purse so they wouldn’t have to bear the bill for the not as prosperous and wealthy part of the country.

https://punchng.com/video-nigeria-not-created-by-god-but-by-britains-greed-pastor-adefarasin/

The economy built on borrowing and doing palliative can't grow, but let those who lies see otherwise.

THERE is a growing concern among industry stakeholders as the gap between real and services sectors’ contributions to the economy widens in favour of the latter.

The stakeholders say the development is consolidating the country’s economic structural defect, which subdues progress towards industrialisation, as the real sector is considered the bedrock of economic growth.

Available official data indicates that while the real sector, consisting mainly of manufacturing and agriculture, is entering its sixth consecutive year of decline in 2025, the services sector is on the increase.


The data shows that the manufacturing sector recorded a mere 8.8 per cent average contribution to the Gross Domestic Product, GDP, between 2020 and 2024. The Agriculture sector grew by 25.5 per cent.


In contrast, the Services sector recorded average contributions of 54.9 per cent.

Available data from the National Bureau of Statistics (NBS) shows that the manufacturing sector’s contribution to the economy in 2020 stood at 8.99 percent and 8.99 percent in 2021, it declined to 8.91 percent in 2022; 8.64 percent in 2023; and 8.41 percent in 2024.

Similarly, the Agriculture sector contributed 26.21 percent in 2020 and declining to 25.88 percent in 2021; 25.58 percent in 2022; 25.18 percent in 2023; and 24.64 percent in 2024.

Comparatively, the Services sector contributed 52.44 percent to GDP in 2020 and rising to 53.56 percent in 2021; 55.40 percent in 2022; 56.18 percent in 2023; and 56.89 percent in 2024.


In the first quarter of 2025, Q1 2025, though the GDP rebasing improved manufacturing sector contribution to 9.62%, industry experts said the contribution was actually lower in real terms.

Also the improvement did not make positive impact on the widening gap as the services sector’s contribution increased further to 57.50 percent.

Worsening the position of the real sector is another decline in the Agriculture sector contribution which stood at 23.33 percent.

Stakeholders highlight challenges
Industry leaders attribute the declining performance of the real sector to the impact of multiple challenges constraining the realization of the huge potentials of the sector.

These include persistent structural challenges, including unreliable power supply, inadequate infrastructure, limited access to affordable finance, and regulatory bottlenecks, and the significant reduction of consumer purchasing power, driven by rising inflationary pressures, which has weakened domestic demand for locally produced goods, further worsening the overall challenges confronting the manufacturing sector.


The stakeholders argue that the prospect of recovery in the manufacturing sector would depend on implementing policy stimuli and export-focused trade strategies, and called for policy interventions for the sector, including foreign exchange (FX) stability, development funds for manufacturing, and improved infrastructure, especially electricity.

Rebasing exposes sector’s structural weakness – MAN
Commenting on the data, Director General of MAN, Segun Ajayi-Kadir, lamented the underperformance of the industry sector in general, especially the manufacturing sector, adding that manufacturing growth has remained uneven and fragile across sub-sectors.

He noted that the recent rebasing of the GDP has further exposed the structural weaknesses in the country’s productive base, particularly in manufacturing, which is central to any ambition of building a resilient, competitive, and inclusive economy.

His words: “Manufacturing is structurally weak, with sub-sectors that should be growth drivers performing below potential, as indicated in the report. Based on the figure released, the average annual growth rate of the manufacturing sector between 2019 and 2024 is negative (-0.76 percent).

“This means Nigeria’s manufacturing sector has been shrinking in real terms over the last five years. The rebasing confirms that Nigeria’s economy may be statistically larger, but it is not more productive, nor more industrialised.


“Industrial output remains largely declining. Following the rebasing, the industrial sector’s share of GDP dropped from 27.65% in the 2010 base year to 21.08 percent in the 2019 base year.

“More worrisome is the underperformance of the manufacturing sector. Despite its critical role in job creation, export diversification, and economic transformation, the sector’s contribution to GDP remains low and increasingly volatile.

“Key subsectors such as oil refining and motor vehicle assembly have recorded consistent declines in real output, eroding Nigeria’s industrial performance.”

The MAN DG urged the government to see the rebased GDP as a strident call for structural industrial reforms. He said the government should prioritise manufacturing and industrialisation to reflect the real economic situation and gains of the country’s rebased GDP.

“Nigeria must re-industrialise to achieve inclusive growth, build export capacity, and reduce dependence on primary commodities and informal activities.


“We urge the government to prioritise manufacturing in policy, financing, and infrastructure development, because without a strong industrial base, GDP expansion may just become a hollow statistic.

“MAN strongly advocates a manufacturing-led growth strategy. This must include sector-specific interventions such as energy reliability for manufacturers, incentivised local content policies, streamlined regulatory frameworks, and strategic trade facilitation to boost competitiveness.

“We call for urgent rebalancing of economic policies in favour of productive sectors, especially manufacturing. The current structure, heavily reliant on services and primary production, is not sustainable for long-term development,” Ajayi-Kadir stated.

Industrialisation, most viable path to economic devt – NESG
The Nigerian Economic Summit Group (NESG) also warned that without a shift from consumption to production, the country will remain trapped in slow growth and import dependence, noting that industrialisation remained the most viable path to unlocking Nigeria’s economic potential.

In a statement issued by Ayanyinka Ayanlowo, NESG’s Head of Strategic Communications and Advocacy, the policy think tank,said the country’s economic renaissance hinges on building a strong industrial base capable of creating jobs, boosting exports, and driving inclusive prosperity.


“Nigeria has struggled with de-industrialisation, overdependence on imports, and limited value addition in key sectors.

“Indurialisation offers a strategic solution to these challenges by unlocking the country’s manufacturing potential, enhancing productivity, and strengthening linkages across agriculture, extractives, and services,” NESG stated.

According to NESG, the nation’s manufacturing sector has faced years of decline, bedeviled by poor infrastructure, inconsistent policies, and limited value addition in key industries.

It said reversing this trend required coordinated action between the government and the private sector to build competitive industries anchored on innovation, local content, and technology adoption.

“Industrialisation is not just about factories, it is about creating a national ecosystem of productivity where skilled labour, reliable infrastructure, access to finance, and supportive policies work together,” the group added.


Manufacturing should contribute 40% to GDP – Ekpo
A former Director General of the West African Institute for Financial and Economic Management (WAIFEM Prof. Akpan Ekpo, at an event, said the manufacturing sector’s contribution to Nigeria’s GDP must reach 40 percent before the country could have a strong economy.

According to him, Nigeria must industrialise to build a strong economy that could withstand negative external shocks. Ekpo,who is also a former board member of the Central Bank of Nigeria (CBN) said: “Since 1963, Nigeria’s manufacturing sector has contributed less than 12 per cent to the GDP. For you to have a strong economy, that sub-sector, and its value chain, must contribute at least 40 percent to the GDP.

“But the irony of it is that recent data revealed that the service sector is contributing about 55 per cent or more to the GDP, which we have to be cautious and very careful about because it is a false narrative that shows that we have arrived.”

In terms of growth trajectory, Ekpo said a country’s grows from an agriculturally dominated economy to an industrialised economy, with a strong manufacturing base before growing to a point where the service sector would lead the economy.

Sector loses N1.2trn in 5 years – Report
A report by Quartus Economics, a research company, which analysed the country’s economy, following the GDP rebasing exercise of NBS, indicated that the country’s manufacturing sector lost about N1.2 trillion between 2019 and 2023.


Acording to the report, titled, ‘Inside Nigeria’s Quiet Recovery‘, between 2019 and 2023, both the agriculture and services sectors struggled and “failed to keep pace with population growth, while manufacturing declined sharply.

“Between 2019 and 2023, agriculture grew at 11 percent and services at only 3 percent, while the manufacturing sector declined by 21 percent. Between the period, Nigeria shed over N1.2 trillion in manufacturing GDP.

“During the years of stall, more than half of Nigeria’s industry categories (26 out of 46) declined in value, while nearly 20 percent (9/46) were in slow-growth mode relative to 2019. By the end of 2024, however, only 7 industry groups remained in decline.”

FDI plummets amid waning investors’ confidence
Meanwhile, analysts at Proshare have highlighted significant decline in foreign direct investment (FDI) into the manufacturing sector, reflecting waning investor confidence.

“In Q1’25, FDI inflows into the sector plummeted to just $129.2 million, a sharp decline from $421 million recorded in the previous quarter, marking the lowest quarterly inflow since Q2’22, when the sector attracted a mere $98.2 million.

“The steep drop in investment reflects growing investor apprehension amid persistent structural challenges, macroeconomic instability, and policy uncertainty, further undermining the growth of the sector,” they stated.

Looking ahead, analysts said the manufacturing sector holds strong potential to become a significant driver of Nigeria’s industrialisation agenda, adding, however, that “this potential will require deliberate and sustained efforts to address entrenched structural deficiencies, as well as prevailing macroeconomic pressures”.

https://www.vanguardngr.com/2025/08/economy-declining-manufacturing-agric-sectors-threaten-nigerias-industrialisation/

Manchester United vs Chelsea 20 September, 2025 17:30

The tax collector will ensured less money in your pocket by reducing your purchasing power and widening the tax nets.

Manchester United are five points behind Arsenal, Tottenham after two games, just musing loud.