₦airaland Forum

surgical:
The verdict is out there except you lack understanding
The fact producers could not have buyers to buy their products to extent of having trillions of naira unsold goods as at Dec 2024,should bring it home to you
Multinationals are exiting the country in droves
Unemployment is pervasive
Poverty increasing at an alarming rate
If all these do not point to an economy that is down, I wonder what your definition of an economy that is down means or maybe in apc administration you don't rate economy

Story! Go and explain to your imperial masters

This is a man that have never criticized IPOB! An organization that has been destroying the economy and the GDP of his region.
When he was governor, he never did anything to improve the lives of his people other than to invest in a foreign brewery that has gone to the dogs.

surgical:
your productivity is down because of government policy one of which you have mentioned the natural consequences is for the economy to be down

The economy isn't down. The prices of commodities doesn't determine if an economy is down.

SeraphicWind:
Honestly, if not for forum rules, these people deserve to be called lower ranking animals.

A pig rolling in the mud is far wiser than these baboons.

They are totally bereft of what is about to explode on Nigeria. They have no idea of the tornadoe that is about to hit Nigeria.

Forget about PETER OBI for once.

Tinubu is actually a total failure.

Before you call me MUMUDIENT or whatever, read through what I am about to say first.

In 2015, South Africa was Africa's second largest economy.

In 2024, they are number one. Not just that, they doubled their wealth!

Nigeria on the other hand practically retrogressed under these wild animals ruling Nigeria! Nigeria moved from first to fourth abi 5th! Not even second that South Africa was.

How can EGYPT be richer than Nigeria? Are these APC supporters these daft?

Nigeria was at least 450 billion dollar rich in 2015. Now, Nigeria is 188 billion poorer!

Who does that if not evil rulers viz a viz, Muhammadu Buhari and the worst of them, BOLA AHMED TINUBU. (The most useless president in the history of the world). This is verifiable to even the blind.

They are even talking of 2027. No one is talking about REAL GOVERNANCE that should happen between 2023 to 2027!

You see how stewpid these APC supporters are?

Like I said before, forget about PETER OBI for once.

We want to see the workings of the USELESS government of the man called BOLA AHMED TINUBU. Power had been grabbed. Now use it wisely? Never!

Who can tell me why these TINUBU supporters are this brainless?

You just wrote rubbish. Just because we devalue our currency doesn't mean our economy is down

nairalanda1:
It doesn't matter.

This year's budget was based on oil being above 75 dollar per barrel. The current oil price is below that. So, loans will be taken whether we like it or not.

Also , we need oil to be above 130 dollars per barrel to balance our budget. The oil price is lower than that,so loans have to be taken

Even with the 75 dollar benchmark, a deficit of 13 trillion was factored into this year's budget. More loans to be taken

The above table is an exercise in self deceit. Yes debts be paid thanks to subsidy removal freeing up more money, but it does not mean that we will stop taking loans


Until we cure our dutch disease. Tinubu does not have the medication and is just continuing on the same old same old.


I pity Nigeria

And no, obi or atiku are not the answer either..obi was saying he would borrow to pay subsides. Hahahaha

stop writing rubbish!

tesseract:
You can all continue to lie to yourselves, it's your right to do so. The economy continues to tank as there is no visible effect of all this lamba on the common man. As for the OP and the author of this , I hope you got your much needed 2k.

Continue complaining. Even an acre of fresh pepper will make you a millionaire

After Tinubu na Ribadu. Mark my words

*Dear Peter Obi,*

When Lagos State lawfully demolished part of Landmark Beach Resort in April 2024 to make way for the Lagos Calabar Coastal Highway, you and Obi Ezekwesili IMMEDIATELY went to town, accusing both the Federal and Lagos State Governments of targeting Igbo businesses. You broke the Internet dancing naked in the streets.

You paid a solidarity visit to Maryanne Moghalu three days after she tweeted, 'Invest in Lagos at your own peril'.

But you have not said a word twenty-four hours after the Anambra State Government demolished Innoson Vehicle Manufacturing's office for a road project. You have maintained a stoic silence.

Why the double standards, Peter?

That is Peter Obi's regular trademark. If it happens in Igboland, Obi will suddenly become deaf, dumb, and blind. But if it occurs in the North or Southwest, Peter Obi will dance naked in public like a madman.

Or am I lying?

Reno Omokri

Gospeller. Deep Thinker. #TableShaker. Ruffler of the Feathers of Obidents. #1 Bestselling author of Facts Versus Fiction: The True Story of the Jonathan Years. Hodophile. Hollywood Magazine Humanitarian of the Year, 2019. Business Insider Influencer of the Year 2022. 21st Most Talked About Person in Africa, 2024.

Toosure70:
Not only banking man. Nigeria na hell phase 2

If an Igbo man can start live from being an apprentice to owning a 2 by 2 shop that is even shared, to building a 4 story apartment. Then, I can't understand the rubbish this man is talking about. Making money is mostly about lifestyle. They say live within your means!

tegrianonigltd:
Read the grok again. Do you lack comprehension issues ?

You finish school like this?


Omo na so you dumb?


Sab miller invest 100m dollars not Peter Obi or Anambra.

Sab miller use 100m dollars to build and finance the whole set up. Read na.


Peter Obi investment different.


For someone to invest in you, they would see potentials. They agreed to come build their factory, they spent initial 100m dollars. That’s means Peter Obi attracted 100m dollars investment.


Peter Obi the invested back, but your economy no dey let am rest, you damn don’t have an economy. A stable one.


READ MORE, it will help you in life. You clearly have an understanding problem.

Oga stop typing and posting rubbish! Obi said he invested $100 million. He is a big fat liar. If you like twist grok from now till thy kingdom come, I still stand by my words

tegrianonigltd:
With Una yeye economy? Make e no fall? Do you know how stocks work?

Do you know how investment works?


Go read about investment before you comment.

You put money today to double tomorrow, if the economy affects the market, stocks fall. Nigeria don’t have a stable economy, naira keep going down, your money is will be devalued.


Abeg e don do. Una just dumb. Fact check


Obi made the investments as long-term diversification for state revenue, not quick-profit schemes.
Investing surplus funds (instead of excessive government spending) was viewed as fiscally responsible by many analysts and citizens.
The investments didn't vanish, even if their value fluctuated — and some were still held as assets.


Long term investment is not MMM, CBEX etc



Your BUHARI AND TINUBU will make men loose money.

POLICIES ARE BAD. People are hungry.



JUST SHUT THE Bleep UP. I had lived in America, South Africa, and now United Kingdom, you need to get out of that country to have a sane MINDSET. Why you go dey support person wey dey keep una for poverty, because of tribalism

You quoted grok and said the initial investment was $100 million. Now you quote the same grok which says the initial investment is $12.6 million! See yourself! Jumping up and down the net without verifiable facts! Oga stop typing rubbish! If you have lived in the moon, that's non of my business! Lived in America, Uk, South Africa yen yen yen! Wetin concern me!

tegrianonigltd:
You see you guys lack comprehension issues, that’s why you don’t read, don’t understand life.

Attracted is not same as Invested.

Comrade research na… attracted means how much Sab miller the second largest brewery in the world as at then invested into the project in the state to start production and employ, not how much Peter Obi invested. Don’t tell me you are this dumb and supporting Tinubu, because even Tinubu no go like you for him side ooh.

Yeye dey smell .Go and ask Soludo what he said about Obi's investment in SABMiller! For clarity he said Obi invest $12 million and that investment today is less that $3.5 million.

tegrianonigltd:
Liars. Research

If one of these items you post as research is a lie, then most likely, all the others are lies.
For number 6, it's a fact that obi did not invest 100 million in SABMiller but about 20 million. Based on the lies alone that can be proved with a simple google search, then the rest are all lies.you type an article on the net and ask grok about that article. It will reproduce it for you.

naptu2:
https://www.vanguardngr.com/2025/04/2027-pdp-govs-acting-as-tinubus-spoilers-killing-opposition-says-atikus-coalition/

I don't understand! Is it only when the PDP takes over at the centre that democracy is no longer in danger? Democracy is all about freedom of choices and consensus. If the PDP cannot agree to bring their members under one umbrella then that's their own business.

Politicstoday:
this is just pro wike supporters here. Funny people

Yeah! Pro wike supporters you call them! When it's that of Fubara, you'll call them Nigerians. I can see pain all over this thread.

Saao:
I'm not a lawyer but two things I can point for you are:
1) it's only supreme that has the power to overrite herself.
2) the way and manner nass voted for the declaration maybe null and void.

The supreme Court cannot interfere in the affairs of the NASS unless a member of the NASS takes the NASS to court. So far, non of the members of NASS has deemed it fit to go to court on this issue. Therefore , no one can be more aggrieved than the bereaved.

Jostoman:
Can you imagine, This government is just too wicked to Nigerians. They should free that boy o

Your own na to type "this government ". What is a minor doing outside in the midnight? Also, he was arrested by the locals and handed over to the police who carried out investigation and charged him to court. Yet your own na to listen to one side of the story and cry "this government"! Pray tell! What is the right thing to do?

Fiscus105:
Infact, I started liking Trump on this tariff war, LET OUR GOVT OPENS BORDER AND REDUCES TARRIF, IT WOULD BE BENEFITS TO "WE" THE MASSES..... Afterall, border closure and higher tarrif haven't done any favour for us but the rich.

NB. How did I gain since govt ban cement importation? Only the Dangote, BUA etc smiling to the banks, while we the masses sweating to buy a bag of cement at rate of 10k for now.

For your information, the naira is now afloat. If you like import a pile of shit, you're paying the exact amount in dollars. So , don't complain if the value of your currency drops

jimi4us:
I supported Trump for this, Drill baby Drill.

Pump more oil into the market and let it go below $50.
Don't forget Dangote refinery and petrol importers told us that fuel per litre will reduce according to crude Oil price reduction in the market.

I wonder why they're keeping quiet all of a sudden. They were quick to increase pump price when Oil price climbed a little.

More crude oil in the world would reduce inflation not only in Nigeria but around the world.
There's too much hardship in the world

You need to do some background work before spewing trash. The US is the number one producer of shale oil. The production cost of shale oil is about $50 with some even higher than that! So what do you think will happen to shale oil production in the US? What will be the effect on global market?

Ask Obi what he would have done! His answer will be China this! China that! Bunch of obiiranu

Godfullsam:
Why not upgrade the existing primary health centres nation wide?

I wonder who is advising this people sef.

It's like you did not read through the post. You just wrote something out of the hatred in your heart.
Now in summary:
Existing hospitals will be upgraded
New health centres will be created (8800)

Believeintruth:
You smoked something walahi. The collateriwed the loam with crude and you said is a swap. What did they swap it with is it air?
The loan is in 3 year tranches if you must know. It has not even been redeemed.

spewing trash over the net! Rubbish

This is far better than the "YES DADDY" crooner

mrvitalis:
I have oga

Akwa Ibom is a state that keeps proving infrastructure doesn't build an economy

From where is the money for the infrastructure provided by the Akwa Ibom state government coming from? Answer = Tax. So, what are you saying?

mrvitalis:
So you build road then tax what? Give me a practical example let's be realistic

Go and reread my first writeup

mrvitalis:
So government borrow money to build roads in your city.. How would government get the loan to pay back

Through taxation , tolling, etc. But not by selling the road to the highest bidder

mrvitalis:
One thing I have always said is if I ever decide to be governor or president Economics would be made compulsory in all schools from SS1 to university 200 level...

Volume of debt or size of debt is not an issue
Ability to repay is the issue

Someone can owe 2 million and be worse than someone who owe 10 billion

In nigeria the issue we talk about is our revenue to debt servicing is too high..

We need to increase revenue, sadly the only way to do that is to borrow more but use it for what would generate revenue or ability to pay back the loan

So borrowing and using it to build road, bridge, rails, and the reat feel good projects is foolishness... Very big foolishness

And that's what APC have been doing since

Oga, you know nothing about economics. The first rule of governance is that : Government have no business in business. Government is all about welfare. Business is all about profit.
Now, how do you tax your citizen, use the money to create a business then request for profit as a means of revenue generation? That is criminality.
Building or construction of roads and bridges is a means of generating revenue. First, the workers pay tax. Second, roads bring about development. An access road to a land increases the price of the land, it also enhance ease of doing business in the area. This encourages business and the businessman will pay tax. Revenue is created.

Ernchibyke:
If you have a point sir, pls make it...

If you think what I said is not a point, then I have nothing to say to you.

Believeintruth:
Oga the government is borrowing to defend the naira. Tinubu took loans from Afrexim for this purpose. Make una take am easy to dey lie here.

Big fat lie! It was a crude oil swap that has even been redeemed.

Ernchibyke:
Pls I need clarification
How can a country that slams upto a 50% tariff on US imported goods be crying fowl that the US retaliated by imposing half(25%) of what those countries slammed on them.

Pls economist help

The question is; how did he get his numbers? That's what New Zealand prime minister said.

rinzaugustine:
You are actually the one who is dumb here for defending bolekaja policies the made the illegitimate government spend more than $10bn defending a currency they met at official rate of 400n-$1 and now naira have quadrupled in depreciation after the foolery but then I remembered why people keep calling una zero IQ

Read what you wrote and explain it to yourself again! It's like you really lack understanding. Did Nigerian government borrow to defend the naira? No. That's what would've happened if subsidy had not been removed.

When you extrapolate this N5.5 billion to the current budget of N54 trillion, you will understand why dollar is now N1500