₦airaland Forum

Can this be real? I pity the innocent and naive souls defending and fighting for these terrorists.

nairalanda1 folks like you who always blame others for their woes end up being liabilities to the society. If you have basic comprehension how can a business man who is unable to collect over 40% of his own revenue from his customers continue running such business if he is not stealing from his paying customers? You want cost reflective tariffs but can't even provide cost reflective service, is that not trying to reap from where you did not sow? The problem of Nigeria power is not debts, or non cost reflective tariffs, but rather inefficiency, incompetence, and corruption on the part of Discos. So far Discos have shown that even with a cost reflective tariffs, they still cannot provide electricity for their users.

If according to you, Discos don't have the money to provide cost reflective tariffs for customers who are already paying for it, why charge those customers in the first place? Given your logic a thief has the right to steal food because he doesn't have the needed money to buy food, the government couldn't provide job for him, or he is not being paid for his true worth.

I strongly suspect you googled what a certificate is, because you obviously don't know or own one, even if you own 1, I believe it will be that of you PRI 6 school leaving certificate. Go show our posts to your learned elder brother, if you have one, and if your issue is not hereditary, he will tell you how low you are on the common sense spectrum.

nairalanda1:
They cannot fix it because government is forcing them to charge below their costs..ie not letting them charge a cost reflective tarrif for most consumers.

See the above figure. Discos are able to raise less revenue than they need to pay the bills GENCOS send them, so at the end, there is going to be corruption, and issues with fixing power.

You do not have the same issues in african countries that charge cost reflective tarrifs.

(Good afternoon).

Did you even bother to read the post? You are always defending rubbish. A company that is not ready to collect its own money from his customers is not ready for business. As a distribution company you can't provide infrastructure, meters, or even collect your own money from your customers, but you want to receive fat checks from Abuja. See you shouting cost reflective tariffs any how, are those already paying cost reflective tariffs getting what they paid for? If the government forced prices on Discos why is same government paying Discos subsidy money? Stop defending the inefficient and incompetent Discos.

AMINDA:
Oga, Obi will get more votes in the Southsouth than he got in 2023. Sheriff is struggling to negotiate for himself. He can barely campaign for Tinubu in the state.

No be weytin I go want ogbeni, but the reality is, Sheriff, and Tinubu second term is a done deal. No need for plenty talk, but you can continue dreaming if you want.

Penguin2:
I won’t stop you from tickling yourself if it gives you pleasure.

But just to remind you that in 2023 we told you and your ilk that Peter Obi will win Delta and you swore that he won’t because Okowa was Atiku’s running mate. What later happened?

Like I said, continue to tickle yourself.

Like how you and your ilks told us Peter Obi will be Nigeria's president in 2023? Ogbeni wake up from your dream and face reality, day don break.

Noblechykk:
Best of luck with your delusion.

Una just wan chop Agege money throwaway, look at the mirror and u will see delusion first hand.

Energy security cost AKA behind door subsidy by Tinubu

2023: ₦4.844 trillion
2024: ₦7.131 trillion
2025: ₦8.672 trillion

Subsidy is gone my foot.

Ogbeni weytin happen to Adeleke is a goner?anyway self consoling is allowed, but always remember to safeguard your L

Former vice president for that matter oh!! Human wants will forever remain insatiable.

Noblechykk:
I guess you were drunk when you typed the first sentence.

I hope you collect your welfare package like PC, data, etc from Agege? Because since APC wey be incumbent and federal dey pay 30k, NDC an upcoming party, with a caricature candidate like Agege no go pay pass 10k oh!!, no say I no tell you oh!! 😆 😆 😆.

Penguin2:
It’s obvious that the governor is beginning to feel the heat ignited on his arse by the NDC as led by Omo-Agege.

NDC will win Delta governorship election in 2027.

Presidential election is a given.

Ogbeni let person hear word, Let's be realistic, Deltans no even know say 1 party name na NDC, Omo Agege self no go win him polling unit let alone his community. As for you Sheriff, we know of your salary no need announcing it, but why you come use ₦50M just to buy form, spent millions on campaign and lobbying? I no blame una, Na the i d i ots wey many pass the upright ones I blame.

Shame no dey catch you, Na Ur old age you want take be agbero, Davido go pay you pass the F9 governor if you fit get access to be him PA.

Mubiola360:
can you give the debt value in dollars instead of Naira or if you want to be sincere, calculate the current dollar debt value by the exchange rate in 2023.
$100 in 2023 was 40,000 naira while it is 134,700 naira now due to floating of the naira and not about borrowing.
We all know this but you just decided to play politics on gullible people

If you are not being gullible, you should have first asked yourself was the figures I gave borrowed or not?

Gboss247:
If you stop following politicians sit down to study monetary economics, you would known that the things you listed above are fuels for inflation.

After imposing all those painful measures on Nigerians, why did the public debt stock still rise from about ₦87tn when Tinubu came in to roughly ₦159tn by March 2026?

If these policies were necessary to put government finances on a sustainable path, then show us the fiscal results:
How much did revenue increase? How much did the deficit fall? How much did debt service pressure fall? What productive assets did the additional borrowing create?

Why did the government still spent over #20trillion on same subsidy that is gone?
You don't get to shout "inflation!" and make ₦70tn+ of additional debt disappear. 😂

Putinofrussia:
lol
The total money Jonathan paid on subsidy was just #1 trillion,our population was very much less than what we have today,
while he made #54 trillion in only oil and embezzled all the billions of dollars in ECA.They also looted the foreign reserve from $45 billion that Obasanjo left it down to $30 billion.
One of the most corrupt,wicked and clueless govts ever in the history of Nigeria.
The only achievement was we grew our gdp due to the sale of oil but when oil became just $78,Nigeria was totally down in 2014 and Jonathan was borrowing money to pay workers.They have eaten Nigeria to the bone marrow
They have embezzled all the billions of dollar without building any tangible infrastructure.They opened borders for cheap food so Nigerians can buy rice for #100 per bag while they went on their embezzlement spree and Nigeria went down and down.Nigeria had been depleted but #10 bag of rice is what gullible Nigerians know.
What grows a nation is "infrastructures".
Every other thing will follow.
Ask Dubai,South Africa,UK,USA etc.

Was this current government not voted in to change the status quo? Here are stats for your current government payment for a so called energy security cost AKA subsidy. Same subsidy they said was gone.
2023: ₦4.844 trillion
2024: ₦7.131 trillion
2025: about ₦8.672 trillion
2023 - 2025 combined: roughly ₦20.64 trillion for a non existent subsidy. Let's not talk about the billions budgeted for non existent agencies. Same current government spent $3B on non working refineries. As bad as they were, the past governments made more positive impacts on Nigerians than this current ebin pawa promax government.

Putinofrussia:
If previous govts have done the same massive construction to loot,Nigeria would have been very much developed and progressive.
It would have been cynosure of all eyes because infrastructure is what drives constant electricity,cheap food,robust transportation etc.

Previous governments paid subsidies, spent money in defending the naira, had very low VATs and customs duties, still borrowed less than a government that didn't pay subsidy nor spent a dime in defending naira, yet increased VATs, and duties, spent over ₦7T in a so called non existent subsidy AKA energy security cost, yet still borrowed more than those previous governments combined.

Tareq1105:
Whatever. If you look at our debt of #157t which is not up to $1t. Take 157/1346×100/1. Work it out and you'll agree with me.

And if you check very well and make research you will find out that we are using #67k to service debts out of every 100k we make as a country. Please can you answer this, even with all these debts why is the world still using USD as the world primary reserve currency?

Tareq1105:
Our total debt is like 0.005% of US debt.

And our revenue is like 0.00000000001% of US revenue.

HacheNoire:
Be patient with us. US spent $40 trillion to get there.

Let us get to $40 trillion too before you judge us.

US is already handling it by using just 18% of its revenue unlike the bambiala that uses over 67% of his revenue to service debts.

Ritchiee:
So all those infrastructures etc are being executed with sand sand abi?

Infrastructures wey only fit vex use my personal money execute? Borrow ₦50B loot ₦49B, use ₦1B for infrastructure, suffer no dey tire you?

HacheNoire:
Sir, we have not reach $40tn and still under $150bn.

Us clearing our debt is feasible. Even if US steal all of Venezuela, they cannot pay off that debt. Do they want to tax their population who are debtors themselves?

We are on course, they are drowned already.

And after borrowing over #120B, good roads, electricity, portable drinking water still remains luxuries. Just like how your lord is currently taxing Nigerians to death? Nigeria poverty rate is currently over 50%.

HacheNoire:
Relax!

We investing in infrastructure and human capital. It will yield positive outcomes.

His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) is in charge

By budgeting ₦1.3B for non existing agencies Abi? Same PBAT whose under his watch NNPCL spent over ₦7T on energy security expenses despite the removal of subsidy?

HacheNoire:
Nothing to show for what?

Did you see the massive constructions going on across the country?

We are currently upgrading our grid being handled handled by Siemens.

Are we using grass to achieve all that?

Massive construction keh, constructions wey dem dey use take do looting avenue. Upgrading your grid, yet Ur Aso rock wants to use ₦10B to install solar, no be juju be that? Your government don fit pay the over ₦3T igbese it currently owes electricity generation companies?

HacheNoire:
Servicing our debt and knocking it off is clearly feasible. It is just $120bn. A revival of steel and mining can knock it off easily!

Where does the US want to start with $40tn? With whole oil being stolen from Venezuela, the debt keeps increasing. Now, they demanding for Benezuelan gold from UK. Can you see now that even with stealing, they can’t pay of that debt!

No feasible path to pay off $40tn.

Common $120bn that some individuals in Nigeria will even knock off, but that is not even on our tab.

Oga, The US is massive debt. Both the people and government are all debtors!

If wishes were horses, everybody would ride. You call $120B common, yet your bambiala Boro Boro government keeps borrowing.

Just like how Nigeria's public debt jumped from ₦12.6 trillion for 55 years after independence to ₦159.35 trillion in 11 years of APC led FG. Even after the removal of subsidy, floating of the naira, increasing customs duty, increasing electricity tariff, increasing VAT, PBAT alone added over ₦71T to Nigeria's debt in just 33 months with almost nothing to show for it.

HacheNoire:
We are still in better position Oga!

You don’t know more that US financial analysts who are predicting doom

Nigeria has been getting praises for its economic turn around has every indices points towards growth.

We are still redeemable, the US is not! Jobs and manufacturing are been outsourced to other countries in record numbers.

When I stated US Debt is already higher than GDP, did you dispute that?

Don’t even let us talk of consumer debt. Everyone is a debtor in the country. All have spent their future and in shackles of debt.

Our own economy is real. It’s not a debt system. We don’t spend the future and hand it off to our kids.

$40 trillion and still defending rubbish but condemning his country with $120bn that has vast resources yet to be exploited.

Even the interest US pays on her debt is more than the entire debt of Africa 😂🤣😂. Interest only o, not principal.

What even makes you think I am a Muslim? You Naralanders never cease to amaze. Every uncivilized sets. Their debate is either tied to religion or tribe.

You keep exposing your financial ignorance, you asked whether I dispute that US debt is higher than GDP. No, I don't. The US debt to GDP ratio being above 100% is a fact. But what exactly do you think that proves?

Japan has had debt to GDP of over 220% for years, but they still remain the world's 4th largest economy, show me any of the top 5 world's largest economies that has a debt to GDP ratio lower than 60%. But you know what? none of them have a debt to revenue ratio higher than 20% unlike your country's 67%.

Debt to GDP alone does not tell you whether a government can service its obligations.You keep ignoring the metric I actually raised. Why are you avoiding it like a plaque?

In the first nine months of 2025, your lord and saviour spent ₦12.52tn servicing debt against ₦18.63tn in FG revenue, that's about 67.2% that's an enormous fiscal burden.
A man that earns #100k monthly and uses over ₦67k just to service his debts, but want to take panaldo for the headache of a man that earns same ₦100k and uses just #18k to service his debts will be considered an abnormal being, battling inferiority complex.

As for your religion and tribal rants, are you indirectly saying that the religion you mentioned is synonymous with anything terrorism, so dem really promise dem virgins? Ogbeni you need a factory resetting slap.

HacheNoire:
The fact is that, as at where we stand now, we are not massively indebted like the US and have not spent the future far ahead of time.

We are still in position to make sharp turns!

You don’t know better than nations and investors dumping US debt.

They interfere in our matters to so I have a right to interfere. Like people like you will always say to rubbish our great nation that “In saner climes “

Saner climes is now $40tn in debt and you don’t want us to talk about it🤣😂😂

That is more than the total debt of the EU😳

Oh! The EU is not developed. They don’t have healthcare l, education, security and work life balance. They don’t even have freedom and that’s what America bought with $40tn

It took Nigeria 55 years of independence to accumulate ₦12T in debt (1960 - 2015). Your APC government borrowed over ₦146T in just 11 years, even the 11 years ended in March 2026, the remaining part of the year has not been added oh!!

Even with the removal of subsidy, floating of the naira, increasing customs duty, increasing electricity tariff, increasing VAT your lord and saviour still added over ₦71T to Nigeria's debt in just 33 months with nothing to show for it.

In 2025, the Nigeria government used ₦12.52tn to service debts, from a revenue of ₦18.63tn. That's using a whopping 67.2% of your nations revenue just to service debts. Let's not even talk about the % that was looted. Same US that is living in your head rent free, used approximately $970bn to service debts from a revenue of over $5T in same period, that's a little over a mere 18% of her revenue to service debt. But Na US debt they bother u, you need buckets for tears collection? You go wail and cry tire because the US mission of sending your brothers to their non existent virgins no dey end soon.