₦airaland Forum

gidgiddy:
Are those who won elections enjoying the country? Are they buying petrol, bread or geisha cheaper? Are they more secure than others?

Nigeria is what it has always been, an unworkable British colonial creation that should have been dissolved a long time ago

lexy2014:
nairalanda1 from the look of things, don't you think Nigerians need to pay more taxes so that there can more of these trips?

Eboofa:
You have oil sir........Argentina does not have oil! APC has decimated our oil blessings.....at this point we have almost collateralized all our oil proceeds into the future........thank your stars for diaspora remittances too!

Zeekzeek:
This is nonsense, does the dead has need for this.

Take care of the living and you are disturbing the dead with useless award.

mrvitalis:
Oga there is none

SarkinYarki:
Name the macro indicator abeg let's compare

mrvitalis:
Name the macro indicator performing better oga

Ofunaofu:
The only thing Tinubu ‘stabilized’ is the collapse he orchestrated himself. Nigeria’s economy didn’t just stumble, it was shoved off a cliff by reckless, calamitous, poorly timed policies with no safety net. Comparing GDP trends while ignoring context is just intellectual laziness. Argentina may be struggling, but at least their leaders didn’t light the economy on fire and then take credit for putting out the smoke. Nigeria's improving indicators are like applauding a doctor for stabilizing a patient after nearly killing them with the wrong diagnosis.

mrvitalis:
Nigerian GDP went from 375 billion dollars to just over 200 billion today since 2023

Argentina GDP went from 646 billion in 2023 to 669 billion dollars in 2025

And a human being with sense thinks Nigeria is doing better than Argentina

Some of you are funny ooh

Argentina borrowed 44 billion dollars and their GDP have grown by same amount

Tinubu borrowed over 15 billion dollars and our GDP dropped by 200 plus billion ...

Of Argentina rebase their GDP they would be a trillion dollars economy

Jayhome24:
They will never read this or listen to such news but if its bad news about Nigeria this topic will be in page 10 by now.

I'm waiting for Mr complaint-in-chief of Nigeria to do press conference to counter this.

zionstaar75:
don't mind him,even a fool can see that things are getting better.since June I've been buying everything at the same price

chimex38:
Exactly..this is the reality.
This is the koko.
Compounding effect should be reported not the usual Y-o-y or monthly reduction as IMF and economics reports them.

Make I Expand the bracket

Month --> Month reports of 40%-->35%--35%-->35%->30%-->25%-->20%=
220% Compounded!!!!!❌
100%= doubled
200%= trippled!!
220%= price has more than trippled!
But on the surface, the rates of increase are reducing gradually from 40 to 35 to 30 to 25..
Who ee help? .
Doesn't benefit the masses with stagnant purchasing power.❌

Simply, Nigerians need average deflation rate reports..
rate(Deflation) of
-10%--> -15%--> -5%-->-12%..✅
=-32%
Price of commodities reduced by 32%.
This is what people will feel on the streets..
The Compounded reduced effects✅

Mindlog:
It is not about his preference, for overwhelming majority of Nigerians, what can their naira buy them in the market to meet their basic needs, NBS generated GDP figures is the least of their worries.

Commentor:
He can't answer that.

helinues:
Enemies of progress should stay out of this thread as this news is not for them.

Racoon:
Does the unfortunate fellas plaguing the hapless citizens of this nation appreciate what the GDP is today? Per person capital GDP is the best index of assessment not even the GDP of a nation.

Racoon:
A GDP growth in background of worsening hardship, increasing cost of living, worsening reducing power, increased govt borrowing, double-digit inflation, is not in tandem is nothing to write home about

Ttalk:
Good news about Nigeria is a balm to the heart of patriotic Nigeria. Nigeria will continue grow stronger and better.

Rational Nigerians are begining to see and appreciate the hard work the president is doing that other president in the past could not do.

It's not by talk, but by action, the president has laid solid economic foundation and in 2 years we are already seeing the result.

Our balance of trade is now in positive
Inflation going down
Naira stabilizing against dollar.
Huge

Nigeria’s real Gross Domestic Product grew by 4.23 per cent (year-on-year) in the second quarter of 2025, the National Bureau of Statistics revealed in its Q2 2025 GDP Report.

According to the report released on Monday on its website, the figure shows a significant improvement compared to 3.48 per cent recorded in the second quarter of 2024 and the 3.13 per cent recorded in Q1 2025.

PUNCH Online reports the figures signal a strengthening economy, driven by recent rebasing, rebound in oil production and a resilient non-oil sector.

The report said, “Following the rebasing [url][/url]of the Gross Domestic Product using 2019 as the base year, previous quarterly GDP estimates were benchmarked to the rebased annual estimates to align the old series with the new rebased estimates

TenQ:
No!
They are paid at par because NUC insist on this. The problem is that some private Universities may owe several months of salary to their staff

SarkinYarki:
The contracts being referred to are the the JV contracts ( agreements) , the ministry of petroleum bcam handle that

IkennaOkongwu:
It is true that Sahara Group and a Korean company own 60% of Ikeja Electric, while the Federal Government retains 40%. However, it is incorrect to claim that the workforce is not tied to government. The truth is that the Federal Government still plays a significant role because:

1. Equity Ownership: With 40% ownership, the Federal Government is still a major shareholder in Ikeja Electric. The workforce and infrastructure were originally funded, built, and sustained by government investment before privatization.

2. Licensing and Regulation: The management operates strictly on licenses issued by the Nigerian Government through NERC. Without these licenses, Sahara Group and its partners cannot operate the Disco.

3. Funding and Debt: The government continues to inject funds and guarantee loans for Ikeja Electric PLC via CBN to sustain operations, which indirectly supports both staff and infrastructure.

4. Continuity of Assets: The physical infrastructure (lines, poles, substations, etc.) still belongs to the Nigerian State. The private investors are only managers and operators, not outright owners of these national assets.

Therefore, while Sahara Group may control the majority stake and handle direct employment contracts, the Nigerian Government still retains substantial ownership, responsibility, and influence over both the workforce and infrastructure.

EyeCumInPeace:
Very good.

Let the children be taught how various ethnic Nationalities that are not ready to unite to build a nation, were forced by colonialists to coexist under a geographic contraption called Nigeria.

Earthquakes:
Exactly, instead of calling wike to order you removed elected governor to please a minister
We have seen tinubu crisis management, this will be a yardstick to remove governors going forward and some if you will cry more later

casualobserver:
When you are doing “business” by importing with official forex and import duty waivers competing against legitimate business men who obtained their forex at the black market rate and paid the official duty you own a bank and you don’t lend to businesses but make money from lending to govt and from round tripping, why won’t won’t you be successful. Those avenues for many of these business men have been closed, we will now know who the true business men are!

You see them with rickety tankers because they had no need to be efficient. Now that they have to compete in a levelplaying field, you will see the wheat separating from the chaff.

Mario619:
Task the harmless poor citizens and give to the greedy state governors and politicians to thief more. I stand for regional system of Government in Nigeria!!!! January when the whole Taxations starts, everybody go feel the hit!!! Na be person go tell you to join street