₦airaland Forum

From 1914 to independence more than 70 percent of Nigeria's revenue came from the old west then by 1967 there was civil war and dependence on oil started. On and off there was dependence on oil up till 2023 but now the whole country is dependent on the old west by more than sixty percent via CIT, PIT, VAT, customs etc and oil. It isn't healthy and it is also a thankless job. As in the people you feed do curse you. No tangible progress too. No security etc. So it is high time the country is broken up. Let everybody concentrate their effort on their land

divine010:
i wish !! Adulthood naa scam ! back to the Matter

Where is it Done that One govt enact a Law no other govt can change its policy ... just clarify that simple

If you have expenses of 100 billion dollars already then you can't make a law that will reduce your income to 20 billion dollars. The pace has already been set and a reversal would be impossible

divine010:
if you understand no Govt has the constittional right to Impose his policies as Permanent

their is no policy fiscal or monetary drafted that can not be reverse please stop embrassing yourself, their is no law enacted today that can not be redress or cancelled so long due process are followed

So don't play on our intelligence and posit some fiscal policies can not be touched that a big lie

if Tinubu can touch Subsidy every leader in the past resisted to remove then No policy of govt is untouchable

just look at you, Your problem is Nigerria shouldnt go back to budget of 23billion But it is okay we ru.n 3 budget concurrently
itbis okay we are still running 2025 budget into late 2026

it is okay the we can fund our capital project up to 30% each year

Who are You people, it baffles me so much how younpeople reason all the time

You are obviously a kid. NO GOVERNMENT CAN RETURN NOGERIA ANYMORE TO THE WILDERNESS OF OIL AND GAS DEPENDENCY

Nobody makes laws to preserve reforms

What is important is the fiscal reforms that can't be reversed. The country can never go back to a budget of 23 billion dollars a year and that is all that is important

May their souls rest in peace.
As they are full grown men, Nigeria's GDP have gone down by like 60/220,000,000

Agbalowomeri:
E go reach 2030 before EPS reach N10

The company will perform better than that. The only problem with the IPO is what the money raised is planned for. Expansion to me is a waste of money but considering that what is being sold is just three percent, it isn't a very big deal

Streetinvestor2:
I disagree. The naira is not on free float.
what we have is cbn managed float or system float. The naira has no reason to still be on 1350 at this time with what is presently on ground. The Dangote refinery was enough to bring naira down to 1k or below. This government is the one holding it at 1300 and above. So you can not call it free float

If all you have done is refuse to sell your dollar while not restricting anyone else and you are selling to the highest bidder when you want to sell, it is still free float

Edir

I didn't look at the monika before responding. I was not supposed to respond to the young man

Streetinvestor2:
You are definitely right here.I don't have what you have
I don't intend to have hunger and poverty in my life.I reject it in Jesus name..amen
you can now disappear from my post
I remember blocking u severally

Make una help educate this man what it means to be
retail investor
retail trader

Let me now school you a bit. Whether this forum is faceless or not, it is totally uncouth to be broke shaming people. Money isn't virtue.
Then you can't be more than my former employees in both age and net worth. I also have very high net worth people as family and friend. As at 2009 I had like 15 people in my employ and I was under 30.
In Nigeria where senior civil servants with kids in the university are paid less than 4 k dollars a year, someone in Ilesa living alone in a big house spending 800 dollars per annum isn't poor. I don't pay rent. No one in the whole of Ilesa can spend more than that per annum on self unless they are wasting money intentionally. If I need to spend more I will, but I don't need to
It is somehow uncivilized to meet someone anywhere and be broke shaming them is my point. What do you even have,? You are not moving big money. You own a small business which by your own admission you invest the savings into the NGX. So you are just coming up.
Then even your employees, you need to respect them not to talk of someone old enough to be your professor in school.
So that is my advise to you. Stop broke shaming random strangers. It makes no atom of sense I tell you and my quality of life is way above yours

Streetinvestor2:
I have said it severally. I am not a trader.I am an investor. An investor who invest his savings from his active businesses into ngx
for long time.I only rebalance my portfolio when I see such need

If this TA is sure bet for you.Why is it when you buy .You come to hawk the stock daily like gala to achieve your target. This is unlike other TA guys here...lol
Some of us don't need that mental stress for any reason

That said,enjoy what u do as is your strategy and works for you.

Why not list that your business on the NGX so that people can buy shares like they buy Dangote? How many boards are you a member of since you rank yourself as above retail investors?

1Alex:
You’re missing the point sir. We’re discussing Nigeria’s three major ethnic groups and fairness in the federation, not claiming other ethnic groups have no grievances. One group’s exclusion doesn’t cancel another’s.

If Ogun attracted investment, good for them. The question is why the Southeast cannot get similar opportunities. And saying the Southeast deserves only one state because you think it’s the size of Oyo State is just your personal opinion, not an argument.

Nobody is denying that federal roads are being constructed. But acknowledging ongoing projects doesn’t mean every concern has been resolved.

Nigeria belongs to all of us. Asking questions about fairness is not an attack on Nigeria. If you believe the system is fair, address the issues with facts, not ethnic comparisons.

There is no three major ethnic groups. DON'T BE DECEIVED. Thesame way Igbo senior Urhobo is how Yoruba senior Igbo

hacunamatata:
The truth is bitter but it must be told. Do seaport in Ontisha and let's watch lagos population

You can ask your people to leave. You can't ask everyone to leave and not all your people will respond to you. Some have married Yoruba people and some are grounded in Yoruba land. So at most you get 500k people to leave. How much difference? The population in a place like Anambra is not indigenous too. Left to indigenes Anambra should not be much more than Ekiti state

You seem to not realize that as non Yoruba are in Lagos you have Yoruba in Abuja, Kano, Kaduna, Jos, Onitsha, Enugu, PH and etc. Do you really think strangers in Yoruba land outnumber Yoruba in other places? You would be wrong. The skills sector in any Nigerian city is more or less dominated by the Yoruba and the Yoruba in the UK alone may surpass all non Yoruba in Lagos. This is why you shouldn't think anyone is doing the Yoruba a huge favor by staying in Lagos, Ibadan and etc. It is a rub my back I rub yours scenario. A symbiotic relationship

TenQ:
Industrial development is a function of both political will AND local population

As a third world country, it is difficult to break into the market already occupied by China, Germany, USA or UK. The only way to develop is to upgrade domestic technology by selling to local markets.

Northern Nigeria is landlocked and so they would probably end up like Niger Republic. South-South has oil and thus would have money to purchase everything at the expense of their technological development. The South-East has a small population and could be an industrial hub except that it would be difficult for them to sell their products to other republics (of former Nigeria). In addition, the South-South wouldn't want to form a unified republic with the South-East. The south-West advantage would be the Sea Port.

No, It doesn't pay each one of us individually!

If Ijesa were a country it would have had a government university decades ago instead of in 2022. It would be popular In the world too and the population will exceed three million. It would have an integrated steel mill and it would have at least one oil refinery. It will have a negotiated access to the sea through Lagos. Ijesa in the 1500s had access to the sea through Lagos etc etc
They had people going back and forth to Europe and America back then with no hitches

wshaderack:
You made some compelling arguments that are hard to ignore. A lot of folks tend to see only one side of things, but breaking it down like this really expands the scope of the whole conversation.

This is more explanatory

https://www.nairaland.com/8762398/central-banks-quantitative-easing-interest

Streetinvestor2:
You know you don't fall into the category of people that I will bother asking such in the first place.
Na wen person chop him go fit shit

You are nothing more than an online terrorist

TenQ:
I used to think like this BUT trust me, it is far much better to restructure the country and restructure the governance structure than to split into small republics.
The best of us would be like Benin Republic or Togo or Gambia. It is a bad idea.

Our greatest asset is our population: once we split, we lose that asset and economic development would be impossible

Yes that is true but what about big groups that are bigger than most countries of the world? Why should they continue carrying the colonial identity? Germany was occupied and split between the west and the East for decades with one a communist nation and the other a free market, one speaking more of Russian and the other more of English but at the end they reunited. That is what should happen in West Africa. There was nation building here before the British. I am Ijesa for instance, if we had no nation in the 1500s we would not have white people in Brazil who are from an Ijesa community. So is Nigeria bigger than that? Not in my opinion. As it is with the Ijesa, it is also with other groups. The British didn't introduce nation building to these parts

May the soul of Baba Fasoranti rest in peace

The name is in the typical Ijesa dialect though he is from Akure

Ifa ko se oro ti
Ifa can never fail to resolve a matter (no matter how nutty the matter)..

Nigeria has damaged all groups and not only Igbos
The only thing the Yoruba gained in Nigeria is that the number one city is on their land but before the British the number one city in west Africa was also on their land.


Let everybody focus on dismantling the country so that all groups can face their land and develop it without inhibition

Streetinvestor2:
Do you have investment on ngx
That will go a long way for people here to be responding to your post wisely
we will like to verify u

You are a faceless person here. You are anonymous and it does not make sense to be making any claim nor to be asking people the size of their portfolio on the NGX, NYSE and etc

GeneralDae:
Name one competent Nigerian president in history aside maybe Tafawa Balewa (still highly debatable too). Even now, name one really competent politician in the major/popular political class contesting for presidency.

You have integrity and you love the people you want to lead. That is all the capacity needed. You don't like the people you want to lead. That is trouble.
You run your own family well but can't run a country? That isn't possible

May his soul rest in perfect peace

Which group is more important to their residence? Yoruba in PH or Igbos in Lagos?


These kinds of discussions are important because if there is understanding there will be less animosity and etc.
In the old Eastern region of Nigeria Port Harcourt is the most cosmopolitan big city while in the old Western region of Nigeria, Lagos metropolis is the most cosmopolitan big city.
Rivers state as a whole using NIN registration figures is around eighty percent or a bit less of Oyo state. Therefore if Oyo state is between ten and eleven million population then Rivers will be around 8.5 million and one should expect PH to be close to 4 million in population. Lagos metropolis on its part is around 17 million people while Ibadan will be around five million. Lagos state (not metropolis) is reported to have over 3000 hotels, Ibadan has over 600 while PH has over 500 all according to the internet.
The big difference between Lagos and PH or Ibadan is the population. Population is the first strength of any city.
PH is traditionally owned by the people of the old Eastern region including Ikwerre, Ijaw and maybe others while the Lagos metropolis is owned by mainly the Awori people
PH
Population 4 million plus
Big Yoruba led or owned businesses headquartered or with operational headquarters in Port Harcourt paying a lot of workers
1. Conoil producing
2.Sam and Sara Wears
3.Aradel refinery
4. Debyl limited
5.Notore Chemicals
6.Solewart Pipe and Metals
7. Paga
8. Cakasa Nigeria
9.Custodian Insurance
10. Novatel
11. AIICO Insurance
12. Globacom Nigeria
Then there are thousands of SMEs including hotels, schools, website developers, artisans, traders, butchers, fashion designers, law firms, accounting firms, architects, oil servicing firms, traders, commercial drivers and etc
Lagos metropolis
Population - 17 million
Big Igbo founded or owned businesses with headquarters or operational facility in Lagos.
1. Coscharis group
2.Air Peace
3.Emzor
4. Seplat
5.Zinox
6.United Nigeria Airlines
7. Peace mass transit
8.Nestoil
I did not include banks and random group of companies that are fairly common
Then of the 52 markets that are in Lagos at least five will have Igbo majority including Alaba which will be over sixty percent or close to, Ladipo, Trade fair complex and etc. 27 markets in Lagos are plank markets and there are still other markets like food, cattle, building materials and etc then there can be smaller shopping complexes but real markets are just around 52 and not up to ten are dominated by Igbos. In PH, practically all butchers would be Yoruba and there are still other jobs like that
We also have Igbos doing all jobs in Lagos just like any other group and just like the Yoruba do in the Igbo cities. They have hotels, law firms, accounting firms and etc as you would expect in a city like Lagos.
So from the information above, each city has its identity and people from all over are resident there, they work there and there is no need for what many Igbos do online in form of saying Lagos was not developed by the Yoruba or it is not a Yoruba city . So far it was not your personal money used to build Lagos bridges, roads and ports then you have no reason to complain. If it is your personal money you can ask to be refunded. The records are there that from 1914 to at least 1970 or maybe1967 Nigeria was taking from Yoruba land and not the other way round. Who will now pay back all that?
We were founded by Britain and like Britain, Nigeria is an amalgam of nations. An English man can never become the Scottish first minister nor be elected into the Welsh parliament unless under special circumstances. However anyone with a British passport is welcome throughout Britain. Anyone with a Nigerian passport can live anywhere in Nigeria and also contest elections and they are also free to relocate en masse to anywhere in Nigeria and there is no need to ask for more than that. What needs to change is the idea that if only one person remains in a state as a resident and worker there, the state can still produce three senators and the allocated number of representatives.
No group will agree that it's traditional land become or be designated as the property of all. Not the Ikwerre, not the Gwari and etc in Abuja nor the Awori but they will agree with what the constitution says and not with more than that.
It is all for decorum and order. Anyone can contest election anywhere but a Yoruba man contesting election in PH should not rank himself higher than a Chinese Nigerian doing the same. If the Yoruba is not agreeable with the locals in PH, he should relocate because if there is any problem, he will leave everything behind whether he paid for it or not. So if there is any issue with the locals let him bail out when he is still alive to tell the story

Which group is more important to their residence? Yoruba in PH or Igbos in Lagos?


These kinds of discussions are important because if there is understanding there will be less animosity and etc.
In the old Eastern region of Nigeria Port Harcourt is the most cosmopolitan big city while in the old Western region of Nigeria, Lagos metropolis is the most cosmopolitan big city.
Rivers state as a whole using NIN registration figures is around eighty percent or a bit less of Oyo state. Therefore if Oyo state is between ten and eleven million population then Rivers will be around 8.5 million and one should expect PH to be close to 4 million in population. Lagos metropolis on its part is around 17 million people while Ibadan will be around five million. Lagos state (not metropolis) is reported to have over 3000 hotels, Ibadan has over 600 while PH has over 500 all according to the internet.
The big difference between Lagos and PH or Ibadan is the population. Population is the first strength of any city.
PH is traditionally owned by the people of the old Eastern region including Ikwerre, Ijaw and maybe others while the Lagos metropolis is owned by mainly the Awori people
PH
Population 4 million plus
Big Yoruba led or owned businesses headquartered or with operational headquarters in Port Harcourt paying a lot of workers
1. Conoil producing
2.Sam and Sara Wears
3.Aradel refinery
4. Debyl limited
5.Notore Chemicals
6.Solewart Pipe and Metals
7. Paga
8. Cakasa Nigeria
9.Custodian Insurance
10. Novatel
11. AIICO Insurance
12. Globacom Nigeria
Then there are thousands of SMEs including hotels, schools, website developers, artisans, traders, butchers, fashion designers, law firms, accounting firms, architects, oil servicing firms, traders, commercial drivers and etc
Lagos metropolis
Population - 17 million
Big Igbo founded or owned businesses with headquarters or operational facility in Lagos.
1. Coscharis group
2.Air Peace
3.Emzor
4. Seplat
5.Zinox
6.United Nigeria Airlines
7. Peace mass transit
8.Nestoil
I did not include banks and random group of companies that are fairly common
Then of the 52 markets that are in Lagos at least five will have Igbo majority including Alaba which will be over sixty percent or close to, Ladipo, Trade fair complex and etc. 27 markets in Lagos are plank markets and there are still other markets like food, cattle, building materials and etc then there can be smaller shipping complexes but real markets are just around 52 and not up to ten are dominated by Igbos. In PH, practically all butchers would be Yoruba and there are still other jobs like that
We also have Igbos doing all jobs in Lagos just like any other group and just like the Yoruba do in the Igbo cities. They have hotels, law firms, accounting firms and etc as you would expect in a city like Lagos.
So from the information above, each city has its identity and people from all over are resident there, they work there and there is no need for what many Igbos do online in form of saying Lagos was not developed by the Yoruba or it is not a Yoruba city . So far it was not your personal money used to build Lagos bridges, roads and ports then you have no reason to complain. If it is your personal money you can ask to be refunded. The records are there that from 1914 to at least 1970 or maybe1967 Nigeria was taking from Yoruba land and not the other way round. Who will now pay back all that?
We were founded by Britain and like Britain, Nigeria is an amalgam of nations. An English man can never become the Scottish first minister nor be elected into the Welsh parliament unless under special circumstances. However anyone with a British passport is welcome throughout Britain. Anyone with a Nigerian passport can live anywhere in Nigeria and also contest elections and they are also free to relocate en masse to anywhere in Nigeria and there is no need to ask for more than that. What needs to change is the idea that if only one person remains in a state as a resident and worker there, the state can still produce three senators and the allocated number of representatives.
No group will agree that it's traditional land become or be designated as the property of all. Not the Ikwerre, not the Gwari and etc in Abuja nor the Awori but they will agree with what the constitution says and not with more than that.
It is all for decorum and order. Anyone can contest election anywhere but a Yoruba man contesting election in PH should not rank himself higher than a Chinese Nigerian doing the same. If the Yoruba is not agreeable with the locals in PH, he should relocate because if there is any problem, he will leave everything behind whether he paid for it or not. So if there is any issue with the locals let him bail out when he is still alive to tell the story

Armaggedon:
well, happiness is free. Buying land, settling in another area of a country and becoming part of that community is the biggest tool of integration. It's the opposite of apartheid. That's why societies that discourage integration prevent such. Jews buy up lands in the West Bank and the so called Palestinian authority are seriously worried and has even enacted death sentence to mitigate it.

The southwest wants integration and they're getting it. The southwest fought for three years to prevent Igbos from leaving Nigeria and even crafted policies that sabotaged infrastructural development such as port in the East which severely affected industrialization along the eastern corridor. This forced massive Igbo migration to Lagos.

This is the integration which you wanted by all means and now, you have it. Don't cry. You cannot approbate and reprobate!

Yoruba are more in PH by far than Igbo in Lagos by percentage and they are not all over the internet in the same way Igbos are doing. They are not begging for integration or forcing themselves on the locals. Therefore what kind of integration is it that Igbos want? Igbos are nothing in Lagos compared to the Yoruba in PH

SonofElElyonRet:
When exactly did this primary election take place ooooo?

Sorry not with wide margin but he beat him

SonofElElyonRet:
Ok. Kwakwanso is more popular than Atiku in the north. 😂

Going by the facts on ground. Yes. Or what do you want to use to judge if not when Northern elites chose between them during a primary election?

SonofElElyonRet:
Bigger picture. Only Atiku Obi combination can unseat Tinubu. Kwakwanso is a light weight in the north when compared to Atiku. Even in Kano his stronghold, APC has made inroads. The governor he put there has defected to APC.
Are you also aware that Kwakwanso was one of the first governors to introduce Sharia criminal law? I believe USA flagged him as an extremist sometime ago (I stand to be corrected)

If Kwankwanso contests against Atiku whether in a primariy or general elections, it will be a walkover for Kwankwanso. It will not be a small gap. Light weight indeed

megawealth01:
Your argument is partly correct, but the 2013 claim needs correction. Using approximate NGX All-Share Index levels and exchange rates, an investor who bought at the end of 2023 would have gained substantially in dollar terms by October 2026. However, someone who invested in 2013 or 2007 would still have lost value in dollar terms, even before accounting for US inflation.

The key point is that the NGX can rise significantly in naira terms while investors lose money in dollars because of naira depreciation. These estimates exclude dividends, which could improve actual investment returns.

When you invest in the NGX it is into a particular company and your fortune is therefore tied to how good the managers are not to the government anymore or to inflation. The most important things government needs to do as regards the NGX is to get more companies to list and monitor them well also have good rules. That is all there is needed. Not fixed rules but flexible rules that changes when needed.
Then if no currency restrictions then the stock exchange will do better because forex from foreign investors will move freely

Gotocourt:
It's believed if late COS Abba Kyari was alive, Tinubu won't have clinched the party ticket.

That Abba Kyari must have huge influence then. Who would he have supported that would have won?

There was nobody to win that primary outside Tinubu or someone supported by him. People ultimately use their common sense you know? Not all brains are emoty

lionshare:
With the right political alignments, all of this can be achieved under the current constitution.

Not possible under the current constitution. Even the Republican constitution does not cover it but that one was not forced on anyone

lionshare:
Assuming I concede—without agreeing—that the 1999 Constitution is fraudulent, what major changes would a new constitution bring that would be significantly different from the current one? And how exactly would those changes deliver progress to the federating units?

The current population figures and sharing formula at ederal level is based on a fraudulent census. That is one issue then there is no basis for saying Ekiti and Kano or Lagos or Rivers or Ogun etc should have the same number of senators making decisions. It does not matter if the US is doing t. This is Nigeria.

If I pay more tax, it is evidence I have more population and there are other stats like active SIM cards etc that can be used and they say the same thing. I should have representation according to tax paid.

Then I as a Yoruba man want a Yoruba country where Yoruba is the official language just like I want a Gerrmany where German is the official language.

I want an Ijesa land controlling its own police and army divisions

Those are all the issues I personally have

mikeapollo:
In terms of nominal figures, one can say that the NGX has grown several times. But in real terms, factorng in inflation and exchange rate depreciation, not much has happened. It has been more of asset repricing.
For example, in 2022, a GT stock of N30 could buy bottled water. The same GT stock of N150 in 2026 cannot buy bottled water anymore.

We should look at prices of stocks like money in our hands and what it could buy between 2002 and 2026.
What happened Obasanjo's time was real growth, without any massive devaluation and inflation. K

The stock exchange like real estate isn't affected by inflation. When the currency is devalued the total market cap will go up in response while the nominal value of your bank savings remain the same. If the company was in huge debt before the devaluation, it will amount to a substantial debt wipe off