₦airaland Forum

Kukutente23:
A President that openly frolicks with an internationally convicted criminal who was convicted based on pleading guilty to corruption and looting is a worse advertisement for the country than whatever Badenoch has to say

Itzlinda:
Bro I wonder oo.

Paddy rice wey de mill for kano is 60k. I don't know where's getting this news from

Local rice is 3000 per mudu. I'm rice farmer and I'm even at just break even now

israelmao:
Omojuwa comparing Obi with JSS student shows how unsmart and senseless he is.If the glitches and other factors that enable rigging are phased out of electoral process In Nigeria.
If real votes are made to count.Obi will dust Emilokan with ease.

Reference:
Well, another advisory judgement, not enforceable? Are court judgements worth the paper they are written on these days.

PresidObi:
And they are baring their fangs already

The national association of failed parastatals that wants nigerians to keep paying for services not rendered are going to fight visionary governors that wants to ensure their residents enjoy what they are paying for.

This administration will want to you to pay tax, and forget about everything else, o accountability, no provision of security, power, infrastructural facilities and good governance.

All they want you to do is just pay and stay quiet.

Rubyjade:
She has responded. I am patiently waiting for your response to her with facts and figures.

AngelSlay:
The claim that net reserves grew from $4B to $23B is misleading without a transparent breakdown. Foreign reserves can be boosted through several means — not just exports or productive activity, but also debt, currency swaps, temporary inflows, or asset revaluation.

Question: If reserves rose by $19B, where did the surplus FX come from, considering:

Crude oil production remains below OPEC quota and below 2020 levels.

Foreign Direct Investment (FDI) is still at historic lows.

Capital importation declined in recent quarters.

Likely source? A combination of Eurobond borrowing, currency swaps (like from Afreximbank or China), and repatriated inflows, many of which have repayment terms — meaning they are not sustainable or organic reserve growth.

2. Businesses on NGX Posting Record Profits doea not equal General Economic Improvement

While some listed companies — especially in banking, energy, and FMCG — are posting record profits, this reflects:

Currency devaluation windfall (e.g. export or FX-holding companies gain).

Price hikes passed to consumers, not volume-driven growth.

Monopoly or oligopoly power, where a few firms dominate and can withstand harsh conditions.

This does not reflect the broader business climate for:
- SMEs, which are closing down due to input cost spikes.
- Millions of Nigerians facing food inflation over 30%, rising transport and housing costs, and stagnant wages.


So, the NGX performance is skewed and doesn't represent the real economy, especially the informal sector, which contributes over 50% of GDP and employment.
1. Net Reserves:
The rise from $4B to $23B likely includes borrowed funds, currency swaps, or temporary inflows — not just earned revenue. Without full transparency, it’s misleading to claim it's purely economic progress.

2. NGX Profits:
Record profits on the stock exchange mostly benefit a few large firms, not the broader economy. Most small businesses and citizens are still struggling with inflation, high costs, and low incomes.

3. Stock Market:
In Nigeria, the stock market reflects sentiment and speculation, not the real economy. A rising NGX doesn't mean life is getting better for ordinary people.

In short: Big numbers don't equal broad prosperity — context and distribution matter.

AngelSlay:
While Mr. Taiwo Oyedele claims Nigeria's reforms have improved the economy, real-life data shows mixed results:

1. Debt servicing is still high – Nigeria still spends over 70–100% of its revenue servicing debt, not under 50% as claimed.

2. Forex reserves have grown, but largely due to borrowed funds, and the naira still trades around ₦1,400–₦1,500/$, showing instability.

3. Tax-to-GDP improved, but the economy is barely growing, and businesses are shutting down under high tax pressure and poor infrastructure.

4. Fuel subsidy removal was necessary but done without proper support, leading to massive inflation, high transport costs, and worsening poverty.

5. Investor confidence remains low – FDI has dropped, and insecurity and policy inconsistency continue to scare businesses.

6. Comparing Nigeria to Zimbabwe/Venezuela is exaggerated and fear-driven, not based on Nigeria’s actual economic structure.


👉 In short, while some reforms are necessary, they’ve been poorly implemented and have not improved the lives of ordinary Nigerians.

SmartPolician:
Oga, give the account to PwC or Deloitte to audit. That's only when we can take you guys seriously. Una don use lies, propaganda and deceits finish us for this yeye administration.

nairalanda1:
1. PDP era of low affordable tution was also PDP era of poorly funded universites, poorly equipped labs, poorly stocked libraries, and hostels that looked like slums. That's the price of low affordable tutiion...and it was in fairness, a continued problem from the army times.

(I spent most of my university days under PDP, so don't come and tell me I am lying.)

2. Yes, salaries of lecturers went up under PDP, but the general situation of the unviersities was bad.

3. ASUU repeatedly went on strike to change matters, and to beg the government to do more than increase salaries, but at the end of the day, nothing changed under PDP. The universites were still as bad as they were when PDP came in

4. Same issues with half baked graduates...under PDP.

Note that I did not say APC made things better...they did not. ASUU still screamed at buhari, and even tinubu, they no hear. Funding for education as a whole is still a measly 2 billion dollars for 200 million or more people.

The loan thing is an acceptance that at the end of the day, universites are poorly funded, fees are too low to improve the funding. But it is still a bandaid on a very large and open wound that would benefit from major surgery. It does not address the problem...which is funding.

But the truth is, your pdp and their APC refuse to face the fact that universities remain poorly funded. Your pdp and their apc are still scared to increase funding, to tell nigerians the truth that taxing the 70% that do not pay tax to pay for better education and or raising fees is the way forward.

Low fees looks nice, but it is why our universities are a mess, and were a mess under PDP. And even now.

At the end, however, the buck is on tinubu's table, and he has to wake up to the fact that he needs to do more. Hell, when a VC of a university says that government gives him one fifth of his overhead costs...how does the university function properly.?

Streetinvestor2:
You get strong mind oh.Yous bought presco still at that price yesterday. Though based on forward eps na 2k stock

On different matter.
Do you think chinko can still afford to buy wapco from us with what I am seeing now.
The stock will definitely hit #150 this yr

kolente:
You have proven that asides from being a discerning person, you are a genius in data, mathematics and statistics.

Sharp forensics you did here in 10 minutes.

It's indeed a shame that the person who made this post intends to create a money illusion for the gullible public.

Mpeace:
The government is well aware of the root of the problem, yet it continues to focus solely on the dollar while neglecting other currencies and critical economic issues. The Naira cannot appreciate in value unless we address and balance trade relations with our neighbouring countries.

At present, we import a large volume of goods from these neighbouring nations—items they themselves source from Europe. As a result, we are forced to seek CFA francs to complete these transactions.

Meanwhile, the government makes it increasingly difficult and expensive to import goods directly into Nigeria. For instance, you might buy a car for ₦2 million but end up paying over ₦3 million in customs duties and levies. This has led many Nigerians to turn to neighbouring countries for imports, further worsening the trade imbalance.

Unless we reduce imports from neighbouring countries, Naira may find it hard to appreciate. One way of reducing imports from neighbouring countries is by reducing the custom duties and levies.

Let's not forget all the insecurities that now prevent pple from these countries who use to flood Onitsha, Kano, Aba and other markets to buy items they sell at their various markets

Mpeace:
I have followed the mam closely. It's not the first time he made this kind of statement only to be proved wrong. But I don't blame him. Nigeria is unpredictable.
What many do no know is that the Naira didn't really strengthen against the dollar due to policies of government. The dollar has been falling in value since January this year that's the simple reason.

Streetinvestor2:
Bris you fall my hand because you sounded like someone I do see in investment thread.
We are talking of CT paid to the state and you are talking of share holdings of Anambra state.
Is IB not paying cooperate tax of 300milion.Though the company has not declared dividend for some times now.when they declare won't the state still collect additional cash flow.Do you know the present value of those share based on appreciation.Dont you know the state being the host state must have gotten serious discount in the deal.
Do you know the level of direct and indirect employment the company must have created. Do you know the level of social responsibility to the state

TheGift:
His main argument was that the taxes from SAB Miller alone, prove that it was not a bad investment for the state. All these other factors you are bringing up are secondary to that.

franugo:
Hello Andro, thanks for your submission, I understand where you're coming from, I believe the original investment was done in naira, I added the FX value as an afterthought.
I believe in hindsight, Peter would probably have gone for better options like GTCO, Zenith etc that are indigenous companies and would have fetched considerably more. Also though, if he'd left the money lying in the state govt account, it definitely would have yielded very insignificant amount so I guess it's commendable that he tried to multiply the money.
P.S, Sabmiller is actually like a parent body to Int'l brewery, not really the same company, I'm not quite sure which shares Peter purchased at the time, if it was in Sabmiller or in international brewery, though I believe the fund was utilized by Sabmiller mainly for the construction of int'l brewery.

P.s again, thanks for this, it's so irritating that people leave substance to abuse each other's ethnicity and political leaning, very annoying

pneumatikos:
You haven't explained anything here. Give us breakdowns, talk with facts.

Solsix:
You forgot the number of people the company took off the street. No matter how u view it soludo statement was careless.

jmoore:
Sell the shares na. Someone offered to buy the shares and he hasn't responded.

Believe Soludo at your own peril.

kedeojo:
Same over hype Otti is among the seven state still not be able to pay the 70k minimum wage. Normally abians are very backward and the little Otti has done is so celebrated by them. Peter mbah of Enugu as done far better than him since they were both elected in 2023. Imagine the amount and they were getting convulsions because my governor Okpeboho borrowed 100b loan to finance critical infrastructure like the ongoing first and very important flyover in ikpoba hill axis and another one to be constructed too and with numerous projects to be executed. Igbos are just too hypocratic.

Olaide1295:
This is the difference between a private business and govt. If this racket was being done in NNPC, it'll take them 5 years to notice. Then another 5 years to stop it (the racketeers will collude with NNPC staff).

Eriokanmi:
Stop mentioning religion. It doesn't add up in today's politics anymore. It's an old tale. 2027 is near. We'll live to witness it. Amin

Eriokanmi:
The issue on ground isn't about religion but sufferings of the masses. Things have never been so bad in Nigeria, except you want to lie to yourself. Even those who supported tinubu in 2023, thinking he'd perform magic have been disappointed. Obi doesn't need to win kwara. the 25% is fine, which he can easily get. Quote me later. Without Makinde, tinubu would have lost Oyo woefully. Makinde worked so hard for him there. I don't see that happening again cos there's nothing he or any oyo politician can use as a campaign tool for tinubu as it stands. Obi did well in oyo, go and rewind the scenes. He will do much better this time and generally.

Did you hear what the CPC bloc are saying right now? Read the news.

kolente:
Except for people who want to cash-in on the finances and goodwill of Alhaji Atiku, the patriotic and common sense ball has fallen in his court.

Support PO if you have the national interest at heart.