₦airaland Forum

lawani:
What lie did I tell against Buhari? If you tell a lie against Buhari that I know is a lie I would refute it

It was not Buhari that took the exchange rate from N450 to N1450.
Buhari did not float the naira

Oasisblue:
If he had done that, right now he would still be stuck in a littany of litigations with zero money recovered. GEJ tried some people for subsidy scam, what cmae out of it? Its easy to say 'inject capital to the real sector' but where would the money come from? We were using 97% of revenue to service debts under Buhari. That was the economy Tinubu inherited.

So thieves (people accused of stealing and looting the subsidy funds) should not be prosecuted, because of litany of litigations?
That is the justification now? Well done.

megawealth01:
Maybe na by connection na

Exactly!
It is the ''connection'' that he is hiding from Nigerians!
We know na.

lawani:
That is not my business. I am only correcting the common belief that this admin devalued the currency. Who devalued the currency is Buhari and not Tinubu

But is your business to tell lies against Buhari, a man who is dead, just because you want to defend another man?

megawealth01:
E get BSC na

What did he use to gain admission to read BSc?
The matter hook am for throat!

lawani:
Who inflated the currency?
The administration that printed 30 trillion naira was the one that inflated the currency and not the current administration. Buhari's admin printed 30 trillion naira then borrowed billions of dollars to repair the refineries. He did no repairs but instead sold the dollars at like 450 to keep the naira high while it was selling in the market at over 800 or so. What do you think was the real value of the naira to the dollar as at then?

Go help the president look for his primary and secondary school certificates and his class mates!
Buhari is dead and buried.

thebargainhunte:
These were the all time highs of the stocks listed above before 28 February 2020. Most of them have surpassed those previous all time highs between 2020 and 2026. However, OANDO, Caverton, and IB have failed to surpass their previous all time highs or even come close to them.

What about:
NB
ETI

megawealth01:
I no sabi sing any politician praises because they go stain your white... Na FACT Simply presented... I leave praises to his usual praise singers

Everybody don try sef.
Buhari try
Jagaban try.
Even Oando and Wale sef try. They give us some shares to hold for hand, sake of say make we no vex for no dividend

megawealth01:
My own be say Jagaban did well in NGX... I have always maintained this

No mention Oando, Access etc sha

I will sing his praise if I see what he has done in concrete terms.

Manufacturers Association of Nigeria:
The Manufacturers Association of Nigeria (MAN) reported that 767 manufacturing companies shut down operations and 335 became distressed in 2023. This collapse was driven by severe economic pressures, including foreign exchange volatility, high inflation, and a rising inventory of unsold finished products.


Some of the collapsed companies would have loved to list on NGX today. but they are dead now.

megawealth01:
Let's be sincere na...

Some penny stocks are selling at ×10 and a few BIG COYS sef

True.
But if we factor in the new parameters like inflation, devaluation etc, we will realize that most stocks are in the negative in real terms.
But some stocks may be in the positive as well.

londonerr:
You're spot on except for the assertion of where Nigeria was headed.... I totally disagree. If I was president at the time BAT was declaring subsidy removed, I'd be recovering all subsidy fraud funds, trimming down government and inject capital to the real sector, cut down on cement prices drastically to kickstart the construction sector.... Among several other things....

Another solid angle. But you better take it easy.
Otherwise don't be surprised if ''ghosts'' suddenly wake up and tell you '' take it to politics sections'' when you hit them hard!
Bob Marley calls them ''hypocrites''

londonerr:
There's no increased productivity in most ngx30 firms if we look at the real value of naira YOY if you deflate the naira you'll probably be at a losing end. I am struggling to explain in plain terms
In summary when top line nominal gains are deflated by double-digit inflation and steep Naira devaluation, real productivity and output growth for most NGX 30 firms are flat to negative
[b][/b]
Even Oando with half a trillion naira negative equity was declaring imaginary profits

Thanks.
Most times, we look at the nominal figures ignoring what they are in real terms.
A stock selling at N100 in April 2022 had more ''worth'' and ''value'' than the same stock selling at N200+ today because of inflation, devaluation etc. But most people only look at the N200 vs N100 in nominal terms.

londonerr:
It's going to spend some time on 28+ given the current order table

Okay.

ghm:
The article is right on many fronts. However, what it didn't take into consideration is where Nigeria was economically, fiscally, etc., and where it was headed before this administration's reforms started – compared to where the country is now.

In 2019–2023, most companies in the oil, banking, and telecom sectors were restructuring and laying off thousands of staff. They were not executing new projects or expanding. I know several families who were affected by salary and pension non-payment, layoffs, etc.

Fast forward to 2026 – these same companies are expanding, retaining their old staff, recruiting new ones, and taking on mega-projects.

What journalists, critics, and many people are missing is the current health of the companies declaring huge profits. They are not downsizing or sacking staff – quite the opposite. There is corporate prosperity: salaries are paid, pensions are paid, staff salaries have increased by as much as 60% to 120%, economic allowances have been introduced, and profit-sharing bonuses are being distributed.

If these are not signs of a recovering economy, I don't know what is.

We are quick to compare other countries like China, forgetting that they worked for 40 years before they became unstoppable. The World Bank has also said that we need 10 years of consistent improvement to start seeing massive changes in the microeconomics of all citizens.

Here we go again!
When I refute these claims with contrary facts, then some ''ghosts'' would suddenly appear, wriggling in skin-pain to shout ''take it to politics section''.

Please read MAN report on the number of companies that have either collapsed or reduced capacity due to the so called ''reforms'' of this govt. A country where the cost of generating power to fuel production has quadrupled in last three years.
Do you think the massive demonstrations over poverty and hardship all over the country was just because people wanted to demonstrate?
Do you know what the incidence of poverty and hardship has been in the country since May 2023?

If you say things are better or improving, you need to put it in proper context.
Maybe things are better than they were in 2024. But things are still worse economically than May 28, 2023 under Buhari!

People even find it difficult to drive their cars and you say the economy is better than pre 2023?
Subsidy removed and replaced with huge unprecedented, astronomical debts with no improvement in standard of living, welfare, security etc.

megawealth01:
I follow dey wait for that 10 naira just incase

Like play, like play
Access bank may hit N30 before we realize it.
I just wonder when it will get to N10 as @Agba and his gang predicted

megawealth01:
Key Tinubu reforms affecting the NGX

1. Bank recapitalisation

The CBN's new minimum capital requirements forced banks to raise substantial capital. Much of this capital was mobilised through the Nigerian capital market. The SEC says the market helped mobilise about ₦4.65 trillion in 24 months for the banking recapitalisation exercise.

This is very important for NGX investors because it increases the number of shares in some banks while simultaneously strengthening their balance sheets. This particular reform is what helped most banks discover abi na reveal their true value


2. New Investments and Securities Act 2025

Tinubu assented to the Investments and Securities Act (ISA) 2025, replacing the 2007 legislation. This gives the SEC a more modern legal framework for regulating Nigeria's capital market, including stronger investor-protection and market-development provisions.


3. T+2 and now T+1 settlement

Nigeria moved equities from T+3 to T+2 in November 2025 and subsequently to T+1 from June 1, 2026. In simple terms, when you buy or sell shares, settlement now happens one business day after the transaction. The SEC says this is intended to improve liquidity, reduce counterparty risk and bring Nigeria closer to international standards.


4. Higher capital requirements for stockbrokers and market operators

The SEC substantially increased minimum capital requirements for brokers, dealers, fund managers, issuing houses and other market operators. For example, the minimum capital for brokers was raised to ₦600 million, while proprietary dealers face ₦1 billion.

The idea is to eliminate weak operators and create a stronger, better-capitalised capital-market ecosystem.


5. Digitalisation and stronger regulation

The SEC is moving more registration and regulatory processes online while strengthening oversight of capital-market operators and newer areas such as digital assets.

The important point is that Tinubu's reforms have indirectly become a major catalyst for the Nigerian stock markets

Bank recapitalisation + stronger capital-market regulation + faster settlement + increased foreign-investor confidence has contributed to the very strong performance of Nigerian equities.

Even Reuters reported that the stock market had risen to record levels, with the government highlighting a roughly fivefold increase in the market index since Tinubu took office.

These are FACTS without emotions 😞

I no sabi hide FACTS, go and veeify

© MEGAWEALTH01

I wont say anything.

Praise the Lord!
Praise Jagaban!

megawealth01:
Truth be said Jagaban is doing well with his reforms in NGX...

I'm an objective critic of all governments....

I only block people who tag me with insults or unnecessary talks aimed at indirectly attacking me...

I need to be educated on his ''reforms'' in NGX!
Is it the new minimum traded units required to move prices of high-cap stocks?

londonerr:
The topic "N59tn Stock Market Boom: Why Nigerians Are Not Feeling The Wealth" highlights a major disconnect between capital market performance ("Wall Street" and everyday economic reality ("Main Street" in Nigeria.
Key Factors Behind the Disconnect
* Low Retail Participation: Fewer than 3% of Nigerians directly own equities. The massive capital gains on the Nigerian Exchange (NGX) accrue predominantly to institutional investors, pension fund administrators (PFAs), foreign portfolio investors, and high-net-worth individuals.
* Inflation and Devaluation: Much of the index surge is nominal, driven by asset repricing in response to high inflation and naira devaluation. For average households, soaring food, transportation, and energy costs rapidly erode real purchasing power faster than any market gains.
* Corporate vs. Household Wealth: Stock market growth reflects corporate earnings, price adjustments, and financial sector recapitalization, which do not directly translate into job creation, wage increases, or reduced living costs for ordinary citizens.
* Concentration of Capital: A small cluster of large-cap banking, telecommunication, and industrial stocks drives the bulk of market capitalization, concentrating financial gains within a narrow slice of the economy.

Thank you.
But those praise-singers would not even listen to your cogent explanations.

Payunsin:
Even ii it sells for ₦1 you will still not buy n will miss the eventual opportunity.
I now trade like an institutional investor thanks to Oando I mopped below N6.
I pray we all get to a point where we see market upside n downside as a win , win situation.

Exactly!
Some of us dont even understand that the market is dynamic. No stock stays up or down forever. A time of change in fortunes will surely come.

O

4willer:
N59tn Stock Market Boom: Why Nigerians Are Not Feeling the Wealth

Sam Diala and Ogochukwu Onwaeze
August 10, 2026


August 10, (THEWILL) — Nigeria’s recent emergence as the world’s best-performing stock market in 2026 was received with mixed feelings. The rally was built on an exceptional performance recorded a year earlier when the Nigerian Exchange (NGX) ranked as the world’s second-best performing equity market after South Korea.

By the end of March 2026, the NGX All-Share Index had surged 38.88 percent to 201,668.42 points, crossing the 200,000-point mark for the first time. Investors created almost N30 trillion in wealth during the quarter as market capitalisation climbed to a then-record N129.45 trillion. So far, Nigeria’s capital market has added about N59.13 trillion in market value since the end of 2025, pushing the NGX to fresh highs.

As of Friday, August 7, the NGX equities market capitalisation stood at N158.513 trillion, while the All-Share Index closed at 245,573.60 points. Against the N99.38 trillion market capitalisation recorded at the end of 2025, the market has added roughly N59.13 trillion in value in just over seven months.

Nigeria has now outpaced South Korea, heightening expectations of a booming economy that will cascade through the lives of households and individuals.

But the opposite has been the outcome. The rally has already painted picture of a booming economy that would cascade through the lives of households and individuals. But the opposite has been the outcome as millions of Nigerians continue to struggle with poverty, rising food costs and expensive credit.

The dramatic increase in financial asset values has, therefore, not been matched by an equivalent improvement in household purchasing power. Recent developments underscore this reality. The World Bank’s April 2026 Nigeria Development Update estimates that 63 percent of Nigerians were living below the national monetary poverty line in 2025, up from 61 percent in 2024 and 56 percent in 2023.

At the same time, headline inflation stood at 15.91 percent in June, while food inflation remained higher at 17.52 percent, keeping pressure on household budgets despite the significant moderation in inflation from previous peaks.

The contrast raises a fundamental question: if financial assets are becoming substantially more valuable, why is that wealth not translating into a comparable improvement in living standards? Part of the answer lies in the difference between market value and fresh capital.

Industry experts explain that a rise in stock-market capitalisation does not mean that an equivalent amount of money has flowed into listed companies. When investors bid up the price of existing shares, the value of the entire company rises even though only a fraction of its shares may have changed hands at the new price. This distinction is particularly important in understanding the N59.13 trillion increase recorded by the equities market this year.

For a country battling a cost-of-living crisis, shrinking purchasing power and widespread poverty, the stock market is telling a remarkably different story. The Nigerian Exchange is booming. Investors have watched trillions of naira added to the value of quoted equities, with the market’s spectacular appreciation creating the impression of a country awash with new wealth.

Yet, outside the trading floors, brokerage houses and portfolios of shareholders, there is little evidence of a corresponding prosperity. The paradox is stark: the stock market is getting richer while the Nigerian household is getting poorer.

“That contradiction exposes one of the most misunderstood features of Nigeria’s economic recovery. A rising stock market is not necessarily the same thing as rising national wealth, rising household income or falling poverty. In an economy where ownership of financial assets is heavily concentrated, an equity-market boom can enrich investors without materially improving the living standards of the overwhelming majority,” said Mike Akannor, a financial analyst.

This is the uncomfortable question behind the N59 trillion market boom: where is the wealth going?

The conventional wisdom is that the stock market is the barometer of the economy. In a properly functioning economy, a buoyant equity market should reflect stronger corporate earnings, expanding businesses, rising investment, employment creation and confidence in the future. That is what obtains in advanced economies. But Nigeria’s present experience demands a qualification.

The stock market may be a barometer of investor expectations and corporate valuations without being a reliable barometer of the welfare of the average Nigerian, because investors invest for the future. When share prices rise, the immediate beneficiaries are shareholders. Companies whose market valuations increase become more valuable. Existing investors record capital gains, while those who sell at higher prices can crystallise those gains.

“But millions of Nigerians do not own meaningful quantities of quoted equities,” said David Andoni, Chief Executive Officer of HighCap Securities Limited. He explained further that “a market-capitalisation increase is not the same as money being distributed across households. It is, fundamentally, a revaluation of financial assets.”

This is why a N59 trillion increase in market value cannot be interpreted as N59 trillion suddenly entering Nigerians’ pockets.

Akannor further explained that much of the increase represents the higher valuation of shares already in existence. “If the market value of a company rises because investors are willing to pay more for its shares, the company does not automatically receive that increase as cash for distribution to citizens. The wealth is real for shareholders, but its distribution is anything but broad.”

Another explanation for the paradox is the ownership problem. Market experts say Nigeria’s stock market has another structural weakness: asset ownership is highly unequal. The Nigerian who is struggling to pay rent, school fees, transport fares and food bills is unlikely to have surplus income to deploy into equities. For many households, savings have become a luxury. When income is barely sufficient to survive, the household priority is not buying shares. It is buying food.

A professional investor with a substantial portfolio can see his net worth rise dramatically during a stock-market rally. A low-income worker facing higher food prices experiences none of that paper wealth. The two Nigerians live in the same economy but inhabit completely different economic realities.

The rally was driven by a combination of monetary easing, banking recapitalisation and improving macroeconomic conditions. A 50-basis-point reduction in the Monetary Policy Rate to 26.5 percent signalled that Nigeria’s interest rate tightening cycle had peaked, prompting investors to rotate from fixed-income securities into equities as Treasury bill and bond yields moderated.

The banking sector became the market’s biggest catalyst after 33 banks successfully met new capital requirements, collectively raising more than N4.65 trillion through rights issues, public offers and private placements. The recapitalisation exercise boosted liquidity and strengthened investor confidence in financial stocks, while expectations of stronger corporate earnings further supported demand.

Foreign portfolio investors also returned as exchange-rate stability improved and external reserves strengthened. Trading activity accelerated sharply, with monthly equity turnover more than doubling between January and March as participation broadened beyond blue-chip stocks into mid-cap and growth companies.

PenCom’s Q4 2025 industry report showed that N3.96 trillion of pension assets was invested in domestic equities as of December 31, 2025. That represented 15.37 percent of the N25.76 trillion Contributory Pension Scheme assets under management at the time. By 2026, pension assets and domestic equity exposure had increased further, underscoring the growing importance of institutional savings to the Nigerian capital market.

For pension contributors, stronger equity prices can be positive because rising share values can increase the value of retirement savings. But that benefit is different from an immediate improvement in disposable household income. A worker may have a larger pension balance on paper while simultaneously paying more for food, transport, electricity, housing and other necessities.


The booming market is yet to become a mass-market wealth-creation platform because most Nigerians are not participants. As NGX Managing Directo,r Jude Chiemeka, acknowledged, retail participation remains significantly low despite Nigeria’s population of more than 250 million. Until ordinary Nigerians own meaningful stakes in productive companies, a surge in market capitalisation will remain largely a story about asset prices rather than household prosperity.

An economist and former Chief Economic Adviser to former President Muhammadu Buhari, Doyin Salami, at the July 2026 Anchoria Investor Forum, where he participated in discussions on the changing structure of Nigeria’s capital market, highlighted the growing dominance of domestic investors, with domestic investors accounting for about 80 percent of participation.

The forum acknowledged that domestic institutional investors—pension funds, asset managers, insurance companies and other large investors—can dominate trading while millions of ordinary Nigerians remain outside the market. The fact that domestic investors now dominate the Nigerian market should not be confused with mass ownership of Nigerian equities.

The market can be overwhelmingly “domestic” while still being concentrated in the hands of institutions and relatively wealthy investors. The real test is not who is trading on the NGX, but how widely ownership of the country’s productive assets is distributed.

“You cannot benefit from an asset-price boom if you do not own the asset. A Nigerian who owns no shares does not become richer merely because the market capitalisation of listed companies has risen by trillions of naira,” said Andoni.

Those who say we should clap for the govt and celebrate because NGX is growing should read this

pluto09:
Instead of them to pay back the money they owed the company (one that is in dire need of cash) they are giving their shares to other shareholders or na shellholders and some are calling it bonus

Some retail shareholders who received millions of units of the redistributed shares (which they did not pay for) and sold at N50-N55 per share, will tell you they enjoyed it. That is like free N50-N55m in their pocket!

KarlTom:
Mostly from assets that they have to divest so as to fall back in compliance with CBN...

Is the HI 2026 result out?

Olofofo247ng:
Tonto Dikeh officially launches her own church as she preaches at her newly built ministry, New Wine Prophetic Tabernacle, in Abuja.

Video:

Tonto Dikeh officially launches her own church as she preaches at her newly built ministry, New Wine Prophetic Tabernacle, in Abuja. pic.twitter.com/hd6vZ7TP4H

— . (@lindaikeji) August 10, 2026

There is nothing God cannot do; and God can use anyone to do His work!
But there is no need to rush things when God calls you. He takes one through a period of silent and quiet cleansing and spiritual rebirth; before He tells you to go ahead and open a church.

megamart247:
What else do you expect?

When billions of extra ordinary shares are created out of nothing in the name of (share redistribution) and (Right Issues) hits the market their share price will drastically nosedive.

Other serious coys are paying dividends no matter how little while Oando management is deceiving their unsuspected shareholders with worthless (share redistribution and rights issues) that will amount to over-bloated outstanding shares.

By the time OANDO gets to a ridiculous amount Wale will now do a share reconstruction and the circle goes on and on.

I pity their shell-holders.

When a company pays you dividend, you receive cash.
When another company gives you bonus shares; if you sell those shares, what do you get? Is it not cash that you get?
Some people have received millions of units from of Oando's share redistribution bonus. And that is cash if they decide to sell.

megawealth01:
Access Holdings led the Tier-1 group in gross earnings growth, recording N5.5 trillion in 2025 against N4.9 trillion in 2024...

But this current chairman nobi WIGWE

Have they released H1 2026 results?

Elusive001:
Pakistan’s defense minister says Israel ‘illegitimate,’ calls for ‘united military front’ among Muslim nations amid pact with Saudis, Turkey

See more Times of Israel on Google - add us as a Preferred Source
Today, 5:17 pm


Pakistan’s Defense Minister Khawaja Asif tells a news outlet in his country that “Israel is a threat to the entire Muslim world,” and calls for “a united military front” against it, just a day after Pakistan, Saudi Arabia, and Turkey signed a joint defense agreement.

“In the context of Israel, all Muslim countries must unite. I have no doubt about this,” Asif says.

“Israel is a product of the Balfour Declaration, which was established in the 1940s as an illegitimate state, and it could pose a direct threat to any of the countries in the region,” he adds, referring to the 1917 British declaration of support for the establishment of a homeland for the Jewish People in the land of Israel, which set the stage for Israel’s independence three decades later. Pakistan was similarly established on the basis of a British declaration in 1947, just one year before the founding of Israel.

Asif, who has in the past called Israel “evil and a curse for humanity,” and a “cancerous state,” tells the interviewers that his fierce opposition to Israel will not change even if Prime Minister Benjamin Netanyahu is defeated in this year’s elections, which are set for October 27.

“No matter who comes to power in Jerusalem – whether it’s [former premier Naftali] Bennett or any other leader – the differences are only marginal,” Asif says.

“Their attitude towards the Palestinians and their anti-Islamic mindset will not disappear. They continue to incite Muslim countries against each other,” he charges, “and as long as the Palestinian issue is not permanently resolved, the Islamic world must stand against them as one.”

https://www.timesofisrael.com/liveblog_entry/pakistans-defense-minister-says-israel-illegitimate-calls-for-united-military-front-among-muslim-countries-against-it-in-wake-of-pact-with-saudis-turkey/

Some people still deceive themselves that there is no influence of religion in the hatred and war between Arabs and Israel.
The evidence is glaring.

abc115:
The NRS Chairman, Zacch Adedeji Rolls Out Economic Snapshot Comparing May 2023 Baseline to Mid-2026 Gains Across Key Indicators​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​:

Domestic refining capacity
May 2023: 30,000 bpd
Mid-2026: 700,000 bpd (Nigeria’s first net petrol export recorded in March 2026)

Tax revenue (FIRS/NRS)
May 2023: ₦12.3 trillion
Mid-2026: ₦28.3 trillion (2025) / ₦27.1 trillion (July 2026)

Trade balance
May 2023: Marginal surplus of ₦44.7 billion
Mid-2026: ₦7.55 trillion surplus in Q1 2026

Capital importation
May 2023: US$3.9 billion
Mid-2026: US$23.22 billion (2025)

Solid minerals revenue
May 2023: ₦16 billion
Mid-2026: ₦70 billion (2025)

NGX All-Share Index / market cap
May 2023: 55,738 points / ₦30.36 trillion
Mid-2026: 250,000 points / ₦161 trillion

Out-of-school children
May 2023: 20 million (UNICEF estimate)
Mid-2026: 18.3–18.5 million (UNICEF)

Minimum wage
May 2023: ₦30,000
Mid-2026: ₦70,000

The NRS Chairman, Zacch Adedeji Rolls Out Economic Snapshot Comparing May 2023 Baseline to Mid-2026 Gains Across Key Indicators​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​:

Domestic refining capacity
May 2023: 30,000 bpd
Mid-2026: 700,000 bpd (Nigeria’s first net petrol… pic.twitter.com/2o7uoI5tUk

— Imran Muhammad (@Imranmuhdz) August 9, 2026

This is how they deceive the people, and the ignorant would swallow this useless thing.
Can they also show us the incidence of abject poverty, unemployment and hardship in the country between May 2023 and May 2026?

brain54:
:::


This is not a good quality or character for anyone. You can admire and praise him all you want but that is actually a weakness and not strength.

A man should not be so obstinate to always insist on my way or the high way. He should know when to compromise and give small concessions sometimes even if it means pretending to do so to give those on the negotiating table with him something to massage their ego with.


In my mind his rigid and non compromising stance has contributed to the prolonged war.


:::

Apparently, if you become a leader, you would sit idle and sip champagne when some terrorists attack your people, kill 1200 harmless citizens and kidnap 250 into captivity.
Well done. Congratulations

lawani:
They do brainwash people that they will burn in hell if they don't pay. It is coercion too. Not all countries allow it. However it is wrong to allow NGOs to collect money in such a manner and if they now collect it it must be for a reasonable reason. I don't know what that reasonable reason is for mega churches but in any case they will still be wrong to use it for obviously frivolous purposes because it is NGO money

Leave those who have been brainwashed by their church to deal with it.
Have you been brainwashed by your church or mosque too? If not, why are you complaining about another person's headache?
Face your own clueless govts that have been brainwashing you for decades

Agbalowomeri:
Na una dey spoil this country. Church is a charity organisation. Both the government and the church are accountable to the public. But Nigeria is a special place sha

Can you show me which church has come to tell citizens that they must come and pay tithes and donations compulsory whether they like it or not?
Nigerians always looking for excuses to blame someone else when they are supposed to face the roo[bsource of their problems! Chasing shadows
Does the oil money and the fictitious, inflated contractts go to the churches?

lawani:
Money spent by churches is public money as much as taxes are. You want to blame a politician for wasting money while leaving out a Pastor collecting money from the public to own four private jets? In a normal country they will go for the Pastors first before the politicians

Then I was merely pointing out to you that research for progress isn't free and it is also profitable. There will be a difference between a country spending billions on research and one paying billions of naira to Pastors. Both are cultures. That is the point

Face your useless, irresponsible and corrupt govts and leave churches alone.
Taxes are compulsory payents to govt. Donations or tithe paid to churches are not compulsory!
Enough ass-licking the govt.