₦airaland Forum

ghm:
There is something called the Freedom of Information Act (2011). It authorises anyone to request any public document—for example, the EIA of a government project like the Lagos-Calabar Highway—from custodians. The Act also mandates custodians to make such documents available.

What you did not know was that Arise TV was bullying the minister to request it on the spot on TV. The minister could have requested it if they had told him in advance—or directed them to the Ministry of Environment.

Arise TV eventually wrote to the Ministry of Environment, and the Ministry responded with all the documents and even issued a press release.

If you are not partisan or a politician, do not join them in their war.

My brother, I was not referring to Arise TV alone. The minister was interviewed on different fora.
Anyway, I have been vindicated: they have decided to re-route the project because of flooding issues in some sections in Delta State.
This is what comprehensive EIA and feasibility reports would have detected and found solutions to, long before now.

presiade:
Okay, we’ll see in January 2027 whether you learned well or you need to repeat your classes (as poor students that y’all are✌️) under the fantastic Pro-Chancellor!

I have already graduated with ''first class''. And ''Vice-Chancellor'' Tinubu himself signed my degree certificate! Just following his foot steps now, to the admiration of knowledgeable people like you

presiade:
When you study Voodoo Engineering at the Faculty of Anything Anti-Government, University of Opposition. They’ll teach you how to do just that.

Some of us actually learnt our ''engineering,'' ''science,'' economics,'' ''politics'', ''art'' (everything)'' under Tinubu himself!
We were with him from 2007-2015 when he was practicing the same Voodoo Engineering at Faculty of Anything Anti-Government, University of Opposition. He was a fantastic ''Vice-Chancellor'' and ''Pro-Chancellor'' combined.
I hope this clarifies.

ghm:
That is another issue entirely—another glorification of ignorance and pettiness.

How can one ask an appointed executive minister such questions on a TV interview?

Such matters are handled in a technical workshop. And it will not be the minister who attends—it will be the site engineers, designers, environmentalists from the client and contractors, NGOs, and journalists, with all manner of standards to be verified. A thorough review will not take less than a week.

The site engineers. designers, environmentalist from the client, contractors must submit their reports to the Minister. And a very good minister must read and go through, especially for someone like Umahi who claims to be a ''professor'' in the field.
You cannot tell me that a minister supervising such huge project should not have a copy of the EIA and other technical reports.
Are we joking or what?
Who would pay when issues of compensation comes up? Is it the engineers, designers, environmentalists from the client, contractors or the Minister?

ghm:
So you think an engineering project—the construction of a road—will be done without an Environmental Impact Assessment (EIA) and without comprehensive technical designs and drawings?

We like to demonstrate our ignorance. Partisan people and politicians can lie to make a cheap political jibe at opponents. But we should not join them.

If you are an engineer in the house, kindly assist and tell them if such is possible. How will workmen enter the field? With what documents? How will they know the mix, the equipment, the quantity survey?

We think engineering is talk talk.

March 2024: Construction of Lagos-Calabar Highway begins
May 2024: Presidenr Tinubu official flags-off ceremony
November 2024: Official, full EIA approval by Ministry of Environment

ghm:
So you think an engineering project—the construction of a road—will be done without an Environmental Impact Assessment (EIA) and without comprehensive technical designs and drawings?

We like to demonstrate our ignorance. Partisan people and politicians can lie to make a cheap political jibe at opponents. But we should not join them.

If you are an engineer in the house, kindly assist and tell them if such is possible. How will workmen enter the field? With what documents? How will they know the mix, the equipment, the quantity survey?

We think engineering is talk talk.

I don't think so but that is what happened under the ''trial and error'' govt

Please provide the pre-award EIA report and technical drawings if you have them.
These are some of the issues that caused problems with Umahi. He was asked to provide the EIA report and technical drawings for the project BEFORE the contract was awarded. He could not provide any because there was none!

The contract was awarded FIRST before they started considering these key issues.

Please do not show us the EIA report and technical drawings that came up AFTER the award of the contract!

The clearest evidence is the chop and change that you see them do on the project!

Also tell us if there was a tender for the project before it was awarded

megawealth01:
A few things many of you don’t think deeply about…
Dangote went to New York, advertised Dangote IPO at Times Square…. Plans NYSE listing… few weeks later, the Government of Donald Trump issues a massively published Warning ‼️ against INVESTING IN NIGERIA 🇳🇬.
If you don’t get it, FORGET ABOUT IT.

© Charles Awuzie

America First. MAGA
This Trump administration has been championing investing in the US local economy and discourages US companies from investing abroad, including China and the rest.

Glimpsetv:
A Nigerian man has gone viral after posting a video of himself angrily tearing up his university degree certificate, NYSC discharge certificate, and WAEC result. In the clip, he sits in a black tank top, looking visibly frustrated as he holds up the documents one by one and rips them apart. He makes it clear he regrets going to university, saying it did not help him despite graduating with a second-class upper degree in Psychology.

Tearing the certificates one by one, he said, “I want to become an illiterate,” suggesting that since his certificates had not helped him achieve the success he expected, he would rather tear them and be known as an illiterate.

The video, shared widely on X, captures a raw moment of disappointment that many young Nigerians can relate to. After years of study, national service, and the usual paper chase, he feels the certificates have brought him little practical value in the job market. His actions and words have sparked a flood of reactions online. Some people express sympathy, pointing to the tough economic reality and limited opportunities facing graduates. Others respond with dark humour, joking about their own degrees or noting that some of the papers he tore looked like photocopies. A few simply watch in disbelief at the dramatic display of frustration.

It taps into a broader conversation about the gap between education and employment in Nigeria, where many young people finish school only to struggle with underemployment or unemployment. Whether the man’s decision to destroy the documents was purely emotional or a calculated statement, the video has struck a nerve. It leaves viewers with a simple,

uncomfortable question: what is the real worth of those hard-earned certificates if they do not translate into a better life?



https://www.youtube.com/watch?v=5aXM6RCjNwU?si=Ux783Xb6rntUBYvW

He is destroying PHOTOCOPIES! Don't be deceived!

lionshare:
It seems like there was no scope or cost assessment before they started the project. I understand it’s being done in sections, but that’s still no excuse. The real issue is that things like this only deepen people’s distrust of the government.

There was nothing like scope, technical designs, feasibility etc!
They skipped all the right processes and protocols so they could award the contract to Hitech (cronies of the president) who had no competence to handle projects of such magnitude.
Some of us raised the issues here but the APC/Tinubu apologists here were always defending and justifying it.

Dupeodus:
I stumbled on the below which corroborates your post here. The challenges are clearly there. I give kudos to the efforts. We'll see how it goes

Nkanu Eja That conclusion ignores the engineering realities of the route. The highway does not stay directly on the coastline even in parts of Lagos, Ogun, and Ondo because the coast is broken up by lagoons, creeks, estuaries, and river channels. Building along the shoreline would require countless bridges and significantly increase construction costs and environmental impacts.

The same challenge is even greater in the Niger Delta, where the coastline is intersected by numerous rivers and wetlands. That’s why the alignment moves inland in parts of the South-South. A coastal highway does not have to run beside the ocean for its entire length to serve the coastal region.

If your concern is whether the South-South sections will be completed, that’s a valid issue to raise. But claiming the project is simply a “Yoruba agenda disguised as a national project” is a political opinion, not a conclusion supported by the route’s engineering or the published plans.

All these issues were raised by concerned citizens and analysts but the govt ignored and went ahead and awarded such a huge contract to cronies of the president:.
No Environment Impact Assessment (EIA) report.
No competitive tender for the project
No national budget appropriation
No national assembly scrutinyy
No comprehensive technical designs/drawings for the project.
etc.

But the president awarded the contract just like that and said the day the project was flagged off was his ''bragging day''
In other words, he awarded the project so that he could have something to brag with! imagine that!
And his numerous political goons always supported him, including Umahi.
Today, the same Umahi is praising the president for diverting the express road to connect to other existing roads.
So, the question is: what happens to the initial bloated cost of the contract?

Agbalowomeri:
Because I no say you no go even mention 1

But I mentioned one. The loans to students in tertiary institutions. I think it is called NELFUND or something

Agbalowomeri:
Anything anti-government you go share whether it makes sense or not. So what now happens to the Calabar end that has gone far?

For God's sake, is it a bad thing to share this news item? What about the media house that carried the news? Will you blame them too?
The Calabar end will also be diverted to connect to one of the existing roads.

Govt of confusion by "trial and error"

Agbalowomeri:
Can you mention 3 things that you think this administration has gotten right?

Why 3? Must I manufacture 3 things if there aren't up to 3?

But I heard the govt introduced loans for tertiary students which is good.

The Lagos-Calabar Coastal Expressway Will No Longer Pass Through Some Coastal Areas

The Lagos-Calabar coastal road project would no longer go through the coast after Lagos and Ogun states. Instead, it would detour inland through Edo State to join the East-West Road. Engr Umahi calls this "a wonderful engineering decision by Mr President" pic.twitter.com/HU5vZBr7un

— NG/Lagos Reports (@TrafficChiefNG) October 11, 2026

Dupeodus:
When I read things like this, I wish there is another Nigeria without reforms running in parallel with what we have now so people can see the bullet Nigeria dodged. Even then, we don't need to look too far. There is Venezuela before Trump's meddling, there is Argentina and even Zimbabwe.

Ask Tinubu to tell us if Nigeria truly dodged a bullet in 2013 when he was rather attacking and criticizing Jonathan for increasing fuel price at thst time?
So why did Tinubu not allow Nigeria to ""dodge the bullet"" at that time?
He must address what he said against previous govts in the past and what he is doing now as president.
We are not fools.

Dupeodus:
When I hear people talk like this, I wish there is another Nigeria without the reforms running in parallel with what we have today. There have been templates that will tell us what will happen. There is Venezuela, before Trump's meddling. There is Argentina and there is even Zimbabwe. To see all of these examples and still argue that Nigeria is not on the right path with the reforms is befuddling to me.

Funny how Venezuela and Zimbabwe are being mentioned in this context; Countries that have been under serious sanctions by the US and Europe for decades?
Is Nigeria under any sanctions? Would Nigeria be sanctioned if Tinubu had not implemented his anti-masses economic policies?
Idont get it Is it mischief? Or fear mongering?

ayobama1:
If PitObi or Atiku should both drop dead, will Nigeria stop existing? What stops you from putting yourself forward?

If you live long enough, everything is possible

Applying for a job ( e g contesting for presidency) that you are not prepared, or ready for, or competent to do, is the highest form of recklessness and disrespect to the people.
When I am prepared and ready, i will make myself available.
I dont pay my taxes to the opposition. So I don't waste my time to assess their performance because they are not holding any govt office .
I can only assess the govt that collects my taxes.

ayobama1:
The intractable ASUU problem for example has largely been fixed and the benefits are already with Nigerians. The greater benefits will continue to manifest into the future.

There is so much opportunity for improvement and in so many areas too. Quick fixes, No. Enduring fixes, Yes.

I haven't seen any better alternative propositions in the political space.

So if Tinubu should die, Nigeria cannot find another person to govern the country out of the 200million people? Is that your thinking or what?

I have not seen a worse govt or a more nepotistic, clueless and incompetent govt in the fourth republic than the present govt.

GeneralDae:
FX reforms have also led to:

More daily inflows: from $20 million to $100 million as at 2023 to around $500 million as at 2026

Your Bank cards now working abroad with quarterly limits of up to $40,000. This was not seen since like 2012.

Return to JP Morgan index since 2015. JP Morgan now want to set up a merchant bank in the country

Fitch ratings and moody’s ratings are the best in like a decade

FDI have improved since 2023 modestly (still improving)

NGX market cap spurred due to certainty by investors. Market cap is now at over $120 Billion (highest ever in dollar terms and second highest ever in real dollar terms).

Airlines and other investors who couldn’t get their dollars are now stable in the country

FX backlogs cleared

Does Fitch rating feed you our put money in your pocket?
How much is a bag of rice or bag of cement right now compared to May29, 2023?
What is the poverty incidence now compared to May29, 2023?
Do you go to the market and tell them to give you a bag of beans because NGX market cap has increased or because JP Morgan index now includes Nigeria?
You seem so selfish and insensitive tthat you dont appreciate that majority of the people are suffering but you are busy talking about things that benefit the minority.

GeneralDae:
Reforms are aimed at improving the lives of the people whether in the short, medium or long term. What else would a reform be aimed at?

A recapitalisation of banks means banks are way more resilient than in 2023 and have the foundation to lend to the people when need be.

FX reforms means GTB or other banks have fx officially for the common trader or importer of raw materials and they don’t have to wait in queues or get FX only by knowing someone in Abuja which kills ease of doing business and in turn reduces economic activity making the people poorer in the long run.

Increased fx reserves means what happened in 2023/2024 would not easily happen anymore as long as net reserves are strong which provides economic stability in the short to mid term or possibly long term for the people.

Tax reforms from colonial outdated system, means the people pays less in taxes since January 1, 2026 and taxes are being streamlined to help the people.

Except by “the people” you mean something else or have another definition

Please stop repeating same excuses for obvious failure!
Tinubu was voted to rule for 4 years. So whatever benefits of his reforms must reflect within the 4 years! That is all!
His so called FX reforms have led to collapse and destruction of 700 manufacturing companies.
Massive corruption, gross incompetence, and the people are suffering.

Hi

Oasisblue:
But you are 'the people' and could testify that these reforms have benefited you through the NGX performance. Abi I lie?

The NGX has been booming since 2004/2025.Agai!n, the number of people in NGX are not up to 5m. We are more than 220million in popultion.

GeneralDae:
But he has performed fx reforms and recapitalised our Banks. He has reformed our oil and gas sector attracting new investments. He has updated our tax laws and boosted our FX reserves.

You see, this is the problem.
A govt is voted to improve the lives of the people. A govt is not voted into office to carry out the so called "reforms".
Any govt that says it has carried out "reforms" wbut cannot indicate how it has improved the lives of the people is a total failure. They hide behind "reforms" to cover their failures.
Any useless, unproductve, policy can be described as "reforms".
The so called "FX reforms" has led to the collapse of 700 companies, according to MAN. (Manufacturing Association of Nigeria). The "reform" is unable to increase industrial capacity, productivity and create employment which should be the main deliverable objectives.
But they would just tell you they are doing "reforms". while things are getting worse.

GeneralDae:
But he has performed fx reforms and recapitalised our Banks. He has reformed our oil and gas sector attracting new investments. He has updated our tax laws and boosted our FX reserves.

You see, this is the problem.
A govt is voted to improve the lives of the people. A govt is not voted into office to carry out the so called "reforms".
Any govt that says it has carried out "reforms" wbut cannot indicate how it has improved the lives of the people is a total failure. They hide behind "reforms" to cover their failures.
Any useless, unproductve, policy can be described as "reforms".
What is FX regorms that

megawealth01:
JAGABAN said make una give am second chance to turn NAIJA around...

Shareholders should give Wale second chance too for OANDO PLC to be turned around sha

Well, may be he can do better in his second term. It is possible. But nobody can convince me that he has done well in the first term
If he is able to convince the masses to vote for him genuinely the second time, it is okay. That is democracy. I dont have problem with that t

megawealth01:
Will DANGOTE extend the IPO?

Na today the thing come dey enter my eyes

Normally, you should be able to buy about 1 week after the official closing date of a PO if you go through the designated issuing houses/stockbrokers because they need about 2 weeks to compile all the subscriptions and render returns

megawealth01:
You don dey market OANDO like PETERICHY

I no dey market Oando oo.
My investment strategy is long term, not the jijo like Peterichy,
So no need to market it. When it is time it will either fly or crash!
All die be die! We dey inside!

thebargainhunte:
From Monday, respite will return to our market. The Dangote Refinery IPO really hit Oando hard.

Dangote refinery IPO is almost done and dusted.
Oando MAY go upward from next week.
I suspect they may execute some of their plans before the year ends.

SonofElElyonRet:
Are you aware that corporate organizations buying up to 50,000 units in dangote refinery IPO are allowed to fill a form? If there's this 50,000 threshold, isn't it possible that dangote will end up giving up more shares to cover most of the oversubscription? After all, he'll still remain majority shareholder by far.. I suspect most of the oversubscription will be absorbed. Na bluff Alhaji just dey do

Yeah.
It was also in the news that he was engaging regulatory authorities on possibly absorbing all the subscription and increasing the total number of shares on offer if possible.

I said it, the govt is really confused.


https://www.youtube.com/watch?v=AvrKEkrF4UM?si=ZmRStHhpO4-e4uCK

londonerr:
If I calculate it would be 10 naira... using global valuation standards as OAO is priced on the JSE....

So you think the JSE price is ''perfect'' or accurate.
Don't you realize there are factors that may influence different pricing on different exchanges e.g. information asymmetry?
We know more about Oando and its prospects, challenges, difficulties, potentials, expectations, Wale's shenanigans etc. than they do in SA

londonerr:
Oando is a classic study in dysfunctional pricing. That stock is less than 12naira per unit in real terms even with all the reserves

Okay oooo
Show us calculation of your valuation

iskalamong:
In many cases they are fake orders, AKA spoofing.

Those bids are placed to calm the market since sentiment is bearish. If price falls close to the level of those bids, those orders will likely disappear.

Big trades such as those are usually given to brokers to execute. Those brokers will not usually show their full size on the order book. Instead, they use what is called iceberg orders. They will also look for counter parties that can match such size so that the trades can be executed in a single tranch called a block trade without impacting market price.

This is my opinion though.

Cheers

.

.

Okay, but what you just explained happens to all the stocks on NGX, right?
So no be only Oando own go be problem.
We wan breathe small