Malali's Posts
Nairaland Forum › Malali's Profile › Malali's Posts
1 2 3 4 5 6 7 8 ... 54 55 56 57 58 59 60 61 62 (of 191 pages)
ScarletBrace:True talk.....LOL |
Onewazobia: We are just deceiving ourselves if we are not ready to shine the torchlight on the money movement. As long as we dont have an open fiscal policy on transparency, even foreign investors would be scared to come into Nigeria. As we approach 2027, every governor should be able to say how much he has borrowed and what he did with the money. So the voters can know whats really going on. If we had done that , the likes of Yahya Bello would not have embezzled 80 billion. He should have been detected in the first tenure and voted out for Kogi state to move forward. |
Everybody kills now and calls it Fulani Herdsmen. People were dying before herdsmen became the culprit all the time. What happened to all those killers ? Even the Bad guys are now taking advantage of Fulani Herdsmen to perpetrate their acts. |
If Nigerian governors are truly serious about attracting serious foreign capital, they must evolve beyond opaque “Come and invest” rhetoric and adopt bankable, investor-grade blueprints that make ROI visibility and government guarantees crystal clear. Here’s how: 1. INVESTMENT PACKAGING TEMPLATE FOR EACH OPPORTUNITY Each project (Agriculture, Mining, Industrial Parks, Oil Blocks, Green Energy) must come with: • Total Capital Requirement: e.g., $40M to build modular cassava processing plant • Expected Investor Contribution: e.g., $30M equity, $10M equipment credit • Projected ROI Timeline: e.g., 24–36 months for IRR >18% • Land Size & Title Status: e.g., 100 hectares, gazetted, surveyed • Market Offtake Ready: e.g., MoU with Nestlé, or state commodity board • Tax Incentives: e.g., 5 years corporate tax break • Import/Export Relief: e.g., waived import duties on machinery, priority port access • Workforce Plan: e.g., 60% local content, 40% skilled expats allowed • Exit Strategy: e.g., Buyback clause, IPO option, or regional acquisition triggers 2. STATE-FEDERAL INVESTOR PROTECTION FRAMEWORK • State provides access + logistics + power • Federal guarantees capital repatriation, security, dispute resolution via arbitration • All contracts backed by Nigeria’s Sovereign Investment Authority (NSIA) risk coverage fund 3. CENTRALIZED NATIONAL INVESTMENT PORTAL Develop a federal website (e.g., www.investNigeria.gov.ng) where: • Each state uploads verified investment packages • Interactive map shows: Sectoral options (Agri, Energy, Tech) Risk ratings Past ROI for similar projects • Includes downloadable feasibility studies, ESG ratings, and fast-track visa links We keep making noise about wanting foreign investors, but there is not a single website on possible investment, each state and the federal government should list where they could use foreign investors and the estimated ROI and state and government protection guarantees, import waivers, Some states can use investments of 1 million dollars, some 100 million And the federal government could have projects of 100 million to 10 billion dollars |
There should be a federal law mandating total visibility of every loan—local or foreign—collected by any sitting Nigerian governor. Because the very essence of public office is public accountability. Today, governors collect hundreds of millions in loans, often in complete secrecy, only for future administrations to reveal them like confessions at a shrine. This retroactive honesty is too late—the damage is already done. |
The west wont pay......MKO Abiola died (Unalived) on the reparation mandate. The west thrives on making Africa poorer than they are. Zuckerberg(META), Elon Musk(Star-link) all don't want to pay tax in Nigeria. Meanwhile you cant escape taxes in America if you do business there...... We have to pull ourselves up by our bootstraps..... First and foremost by stamping out looting of public funds and corruption in government. |
Pastor Chris Oyakhilome is slowly trading the pulpit for a stethoscope—and doing it dangerously wrong. His reckless comments encouraging increased salt intake are not just false—they’re deadly. With millions in his congregation, spreading such unscientific nonsense is a public health threat. This isn’t spiritual guidance; it’s medical malpractice in a robe. Stroke, hypertension, heart failure, and cardiac death await those who take him seriously. He must be compelled to publicly retract that misinformation, apologize both to his church and on national platforms, and reminded that spiritual authority does not equate to medical license. Lives are at stake. |
The Federal Ministry of Health and Social Welfare has warned Nigerians to avoid consuming too much salt following a viral video in which Pastor Chris Oyakhilome encouraged increased salt intake.Source: https://punchng.com/health-ministry-slams-oyakhilomes-salt-consumption-claims/
|
. |
Natasha is not our problem in Nigeria. Please Akpabio use the same energy to interrogate the security chiefs ? Where are the kidnappers located ? How are they collecting the ransom and still cant be caught ? Why are they kidnapping people daily ? Must the kidnappers, kidnap a sitting Senator before necessary measures are taken to secure Nigerians ? If Apkabio is distracted by Natasha.......Please step down as senate president. Nigeria has more problems, than Akpabio using various proxies home and abroad to fight another senator already on suspension. This is getting ridiculous........... |
papiSNEH:I know right, now its being abducted by fellow humans. |
We have a government more focused on politicians defecting from one party to another. Our security has gotten 100% worse, people are now being kidnapped and killed for a bag of rice and chicken, humans literally being sacrificed for "food". Instead of tackling the insecurities, which is an existential crises, the president is constructing roads, what good is your Lagos-Calabar coastal Highway when kidnappers start kidnapping people on these roads and killing them for a bag of rice and chicken ? Nigeria has so many security outfit and agencies. The security agencies rather ambush and arrest people like very dark man. |
Families and friends of the seven persons abducted in Kwara State are in shock after the N14 million ransom demanded was delivered on Tuesday, yet the kidnapped victims were not released as promised. Vanguard reliably gathered from one of the relations of the victims, who craved anonymity, that after collecting the ransom the kidnappers demanded for another N10 million. Aside the N14 million ransom, the source said that they collected a bag of rice, 12 chickens and recharge cards. Recall that the victims were abducted on Friday, April 25, at about 5:45p.m, at Eleyin village, via Isanlu-Isin in Kwara South senatorial district, while travelling from Abuja to Offa. Two children, who were in the vehicle, were left behind, and later rescued by the Police. Seven others were abducted and their whereabouts remained unknown. The seven kidnap victims were abducted along with the driver, while enroute Offa from Abuja in a Sienna bus registered FFA 50XD, owned by a transport company based in Offa, Kwara State. Efforts to reach the spokesperson of the state police command, SP Adetoun Ejire-Adeyemi, in Ilorin on Wednesday for comment proved abortive. Source: https://www.vanguardngr.com/2025/05/kwara-victims-remain-in-captivity-after-n14m-ransom-as-kidnappers-want-additional-n10m/ Cc: President Bola Ahmed Tinubu
|
franvincoop:I blocked him, he is a troll. Dont entertain him. |
SoftSport: its been two years...he has no plan. Roads do not generate revenue to pay back the kind of loans he is accepting. He is borrowing cow money to start a snail business I dont see any job boost he has started or will start in his first 4 years. Tinubu is just shouting wait and see, believe me there is nothing to see. |
Ofemannnu:Dont mention the governors. They are collecting loans far greater than their IGR. They are collecting loans to build roads. Will roads generate revenue and jobs ? Using the money to buy bulletproof exotic cars. With no fear of prosecution because they all saw what happened to Yahya Bello. |
SoftSport:"Yes, we are using some of that saved money to pay back old loans but those loans didn’t start with him. He’s just cleaning up the mess. And now, with the savings, we can start using money to build roads, schools, and other important things." In 2 years he has collected new loan of $13.5 billion dollars making our total debt 45 billion dollars plus Buhari's own If he spends 8 years and he collects that amount ever 2 years thats 54 billion dollars Add this to 45 billion We are looking at a 100 billion easily. Okay he paid 300 milion in 2 years, after 8 years if he continues paying 300 million every 2 years he will pay 1.4 billion dollars. If you subtract 1.4 billion from 100 billion, you have 98.5 billion approximately. At this rate Tinubu will leave us with the highest Debt we have ever had in history. |
Rossikk:Thanks.....I didnt even go to school talkess of dropping out. Na who go school dey drop out. |
chatinent: |
SoftSport:Good question you have asked !! Let me tell you where the scam is....all that money we have saved from petrol and forex subsidy is now being used to service loans. Loans that are spent at entirely their discretion. Loans that are not spent on revenue generating investments. Would you rather buy petrol at 200naira a litre and buy $1 at 400naira or you prefer to have a road leading from Lagos to Calabar ?? Choose one. |
Probably had Mental Health issues. Most likley Bipolar or on drugs or even both |
ebexofficial: LOL....He paid $300 million. But guess what, he has borrowed $13.5 billion in the same time interval. Forget all that "legacy"....its all wayo grammar |
SoftSport:Two years in—and we ask, with open eyes and weary wallets: Where is the mass employment? Where is the signature initiative that gave at least 1,000 Nigerians a new paycheck? We’ve searched. We’ve waited. We’ve come up short. Electricity remains exorbitant, practically a luxury. Roads? A parade of bloated contracts handed to cronies. Jobs? None. Hope? Dimming. The cost of living has galloped past sanity, while wages crawl like a tired gecko. You don’t build a strong nation by squeezing the poor and borrowing like an addicted gambler. Loans are meant to be springboards for prosperity, not bandages for budget holes. Yet this administration keeps taking out multi-billion dollar loans—not to build refineries, fiber-optic infrastructure, agro-processing hubs, or factories—but to patch roads that generate no revenue and need constant repair. A refinery expands revenue. A road depletes revenue over time. This is not strategy—it’s insanity. Tinubu promised efficiency. He sold us on reform. But what we’ve gotten feels like Buhari 2.0 in better English. We were hopeful. Now, we’re disillusioned. And if care isn’t taken—history may remember him as worse than Buhari. Not because of lack of charisma. But because of the debt spiral with no engine of income, and the missed chance to fix a nation bleeding from every seam. |
To simplify it we are borrowing $10,000 dollars today to pay back the $100 dollars we borrowed yesterday. We have removed oil and petrol subsidy, but now we are borrowing so much money, we now need $5 billion to service the loans, thats to pay the interests on these loans, not necessarily paying the main loan itself. So technically instead of the citizens enjoying the petrol subsidy and the Forex subsidy. The Nigerian government is now using the money to service loans collected and they can spend the loan anyhow they desire. So Nigeria is not saving any money by removing petrol and forex subsidy because all that money has officially now gone to debt servicing |
Nigeria’s government wants us to clap for them. They’re crowing about repaying $300 million of an IMF loan, as if this is some grand milestone in fiscal responsibility. But let’s pull back the curtain on this charade: in the same breath, they’ve quietly borrowed a staggering $13.5 billion, ballooning the country’s external debt to an estimated $47.5–$49 billion by May 2025. This isn’t progress; it’s sleight of hand. Are we, the Nigerian people, being played in a sophisticated Ponzi scheme dressed up as governance? The math doesn’t lie, even if the government’s press releases try to. Borrowing ten times what you repay isn’t a strategy—it’s a scam. A Ponzi scheme thrives on the illusion of solvency, using new loans to pay off old ones, creating a mirage of financial health while the debt pile grows. Sound familiar? Nigeria’s external debt servicing in 2024 alone hit $4.66 billion, with $1.63 billion funneled to the IMF for principal repayments. Yet, in the same period, fresh loans poured in, dwarfing what was paid back. With oil prices—our economic lifeline—tanking daily, are we just recycling loans to fake repayment? This is the textbook definition of a Ponzi scheme, and Nigerians deserve to know if their future is being mortgaged to keep up appearances. The government’s silence on this is deafening. Instead of transparency, we get patronizing headlines like “Nigeria Pays IMF Loan!”—as if we’re too naive to notice the fine print. This isn’t leadership; it’s deceit. Borrowing more to pay less while oil revenues dwindle is not a plan; it’s a prayer for a miracle. And when that miracle doesn’t come, it’s our children who’ll be crushed under the weight of this debt, not the politicians cutting ribbons today. What Nigeria needs is honesty, not smoke and mirrors. The government must publish a quarterly report—clear, public, and unfiltered—detailing revenue generated, interest accruing on loans, debt repaid, and new loans contracted. No more hiding behind vague press statements or cherry-picked victories. The Debt Management Office already conducts debt sustainability analyses; why not make these metrics accessible to every Nigerian? If the debt-to-GDP ratio is capped at 40% by law, show us where we stand. If oil prices are collapsing, explain how we’ll service these loans without plunging deeper into the red. Sweeping $49 billion in external debt under the carpet while celebrating a $300 million repayment is not just misleading—it’s an insult to our intelligence. Critics have long warned of Nigeria’s governance rot: corruption, weak transparency, and institutional decay. These aren’t abstract problems—they’re the scaffolding of this debt trap. The Tinubu administration touts reforms like subsidy removal and exchange rate unification, but with inflation at 24.23% and purchasing power crumbling, these feel like bandages on a broken leg. Debt servicing is crowding out development spending, and social safety nets are a cruel joke. Are we borrowing to build a future or to prop up a failing system? Nigerians aren’t fools. We see the disconnect between the government’s rhetoric and reality. The government must stop treating citizens like spectators in their own economy. Come clean about the debt. Show us the numbers. Prove this isn’t a Ponzi scheme. Because right now, every new loan feels like another layer in a house of cards, and when it collapses, it won’t be the politicians who suffer—it’ll be us. |
36STATES:Are you concerned about the numbers ? Do you see the big picture or you are fixated on the numbers ? Imo doesn't produce more doctors than southwest. Go and do your research. |
NewHe: LOL....He borrowed $13.5 billion in the same time interval. Fresh Loans. |
The Isreal airport strike....got them negotiating better. All of a sudden they can understand each others language...lol Those Houthis are crazy.....maybe we should hire them to fight the boko haram and insurgents in Nigeria. |
Put only your play money in Watford FC. You are still young. After collecting all those blows in the ring. I would stake my bet with Listed American Blue chips companies |
frankson1:Dont have a seizure ooooohhhh. Paying only $306 million, out of $23 billion in 2 years of being in office is nothing to get excited about. Een if he spends 8 years in power at that rate if he doesnt borrow anymore he would have paid 1.2 billion dollars remaing $22 bilion dollars !!! But guess what, he is still borrowing....He is using semantics to fool Nigerians. |
tunjijones:Happy ? When he has borrowed more than what he has paid. Someone borrowed $12 billion and paid back an outstanding 300 million dollars Its either you are joking or you did not study basic mathematics |
1 2 3 4 5 6 7 8 ... 54 55 56 57 58 59 60 61 62 (of 191 pages)