₦airaland Forum

Afrobasic:
Why not? When you devalue the currency more companies become trillion naira companies.

This is all semantics by the way. Just like saying Zimbabwean companies are septilion Zimbabwean dollar companies.

You can only fool the foolish.

Explain how devaluation has impacted their values. Do they buy and sell in dollars, No. Maybe some assets in dollars. Still they have to import inputs in devalued Naira (1,350 vs 700 3 years ago) which increases their costs.

Accept that these companies are witnessing real growth due to the deregulation of the economy by this government. More investors are therefore buying Nigerian stock markets thereby increasing their value. This is the simple explanation

Igbo traders in Gambia gather to welcome their social media President. How is this relevant to the 2027 election? Obi just dey waka all over the place instead of building structures and planning for the election. The

Ok they’ve checked the list, don’t see Nigeria and are very disappointed. Will they call it fake list or Tinubu bribed IMF?

This group of iron condemn politicians and bellyaching. What do they want this time? Complaining is all they do. If they don't wish to contest in 2027, they should raise the white flag and save us the N1 trillion INEC budget. Using Obi's reasoning, that money will build 100 hospitals and 200 schools

FreeStuffsNG:
He talks too much and that is a sign of poor use of discretion.

It's no brainer that there was no basis to be that reckless with such a simple question the journalist asked him. He was asked a very simple question, he could not answer without landing in jail and becoming a serious political liability. How is that one now a politician or political asset? Smh

El Rufai should have just insinuated that he was reliably informed but yet to ascertain instead of opening mouth waah to say on TV that he and others at large listen to conversations from illegally tapped phone of the National Security Adviser.


Just imagine anyone saying on TV that he tapped and listens to El Rufai's conversations when he was the Executive Governor of Kaduna State. Will he El Rufai let such individual(s) walk free? He will not! As a matter of fact, El Rufai will do far worse to the individual(s) than DSS is doing with him because Asiwaju Tinubu is a democrat and due process President.

The man believed he’s an untouchable and government cant arrest him regardless. Now he knows better. He was bragging about sending Tinubu back to Lagos in 2027. Now he will beg for mercy or risk jail time.

Jacoban20:
What leakages will there when only N36 million is what they released out of N218 billion budgeted to cater for the healthcare of all Nigerians in 2025?

Not even up to 0.1% of the budgeted money was released. And we're the tax payers

Yet this date, nobody is held to account nor did the presidency deem it fit to give any explanation.

What an insult.

Oh so you believe that crap Obi put out there? Obi knows he’s not fit to be president and just saying things to create content for his gullible followers. Do your findings and stop quoting lamba from Obi

Oh so you believe that crap Obi put out there? Obi knows he’s not fit to be president and just saying things to create content for his gullible followers. Do your findings and stop lamba from Obi

[quote author=wwwihy post=138415455]President Bola Tinubu did wonders[/quote]They’ll never agree with this statement. If Nigeria is on the list, this thread will reach 30 pages.

Argentina owes $58billion. And this is the country Obi & Atiku keep singing their praise and telling Nigeria to emulate

Ok Wike is brash and loud. The pertinent question is why is a military officer and soldiers guarding a construction site? Is it a military installation, barracks or house classified military materials?

Even a retired military officer still giving command to military officers is an aberration. Is that a lawful command? A retired office only entitled to military escorts, secretary etc. This incident is taking us back to the dark days of military rule.

It’s just disgraceful that many Nigerians don’t get this and are hailing the officer for standing down Wike. The military should be confined to their barracks with little or no interaction with civilians. Not the case with Nigeria. Everyday military officers brutalize innocent civilians and we accept vat as normal.

This Wike incident is a microcosm of the daily misuse of privelege by our military personnel

This man doesn’t understand the debt profile. 52% of the debt is domestic. That is Nigerians and local business investing in treasury bills, bonds and other instruments. This signifies confidence in government by citizens.

External debt is 48% or $44b. With a debt to GDP ratio of 39% Nigeria is in a relatively good position compared to other African countries. Plus credit rating agencies like Fitch and co continue to rate Nigeria high. And With an external reserve of $42b investors have no reason to shy away from Nigeria

Brendaniel:
The same way he boosted the Nigerian GDP from 2014 till date in partnership with Buhari abi?

Fake stats. Nigeria’s gdp was never this high. With rebasing that year it was 500b. And this was based on Naira pegged to dollar at subsidized rate.

givedemwotowoto:
The usual suspects will try to claim credit as usual with something that is bad anywhere else in the world.

For the “upteenth” time let us state again that drop in inflation is as a result of reduced purchasing power of people. If people can’t buy products due to increased poverty and harsh economic environment, inflation will drop. This is not a good thing.

If this happened in the US or any developed country, there will be outrage if the government tries to claim credit for it.

You can’t claim credit on a on an economy that is not growing as it should be.

Rebasing has little effect on this. Generally, rebasing is required to reflect changes in buying patterns and the economy. There have been significant changes in the economy since the last rebasing in 2009. For example, food delivery and online business have exploded in the last 7 years. So to accurately capture changes like this, inflation figures & GDP, rebasing must be done. It is standard practice in all economies to do a rebasing every 5 years. The NBS is not cooking up numbers as you falsely claimed.

The important thing is that inflation numbers are trending downwards. One key reason is the stable Naira rate at 1,500 for the last 10 months. Importers now have a more stable exchange rate to work with. Also, fuel prices have come down a bit from 1,000 to 900 per litre. Yes, prices are still higher compared to 2023. Remember back then, fuel was subsidized and arbitrage in the FX Market was rampant. Now prices reflect true market value. Prices may not come down to 2023 levels, but over time, they will continue to reduce.

There’s more to this meeting. Obi just wants to be seeing talking to Jonathan as a way out. He can now say “I stepped down for my elder brother to save Nigeria”. That way, the lynching from his Obidient mob can be softened.

Obi knows he can’t win but too scared of his Obidients to break the news. Jonathan running is the excuse he’s being waiting for. Wait and see

What is the correlation between passport cost and minimum wage? Obi started this infantile argument. This shows his inability to critique government policies iintelligently and understand what matters in grand scheme.

Passport is a privilege for minority of people looking to travel out. Increasing price of passport is inconsequential and there are bigger issues to focus on.

He who alleges must prove. Basic law. How can a SAN make a statement like this. He should tell the Canadians to provide evidence

EponObi:
Does this man understand what he's saying?

It's impossible.

How much dem Adeleke get wey be say dem go dey pay monthly salary of the entire workforce of a whole state? Even Dangote no fit try am.

What happened to the big monthly allocation the FG now give state governments? Osun get more than 10B naira per month as FAAC. Governors like Peter Mbah have said months ago that because of the PMS subsidy removal, states no longer borrow to pay salary. They are now clearing their debts.

If this is true, it's enough reason to impeach Ademola Adeleke. Osun State is not a family business. If, big IF, they are using their family fund to pay salaries, what's their expected gain because it's 100% certain they are not running charity?

Is it even constitutional for a state governor to pay state expenditure from their private pocket? Did the state assembly approve this? This is how corruption starts. Now they'll tell us Osun state owes Adeleke family billions of Naira. Why do these politicians take Nigerians for fools? small time

AnniversNIG:
Peter Obi is still in shock 😲 😳
We await his next press conference as usual.
Nigeria politics is not cho cho cho....

Obi attended a burial ceremony today. He'll post tomorrow. just wait

Useless stats. Highly populated countries will have more crimes compared to low populated ones. Combined population of all these countries is less than Lagos, Kano & Oyo states. Western countries coming up with wuru wuru stats to set narratives for Africa

givedemwotowoto:
Even if Kwankwaso works with Tinubu, it’s very far from being enough.

Kwankwaso and Tinubu combined are 4 million votes at most. Add half of Buhari supporters who voted for Tinubu in 2023, you get 7 million votes total

Atiku and Obi have 13 million votes already. Add half of Buhari supporters who voted for Tinubu in 2023, that’s 16 million votes.

Oh since 2023 the 13millon votes have been kept in a storage waiting to vote for Obi? Dey play, keep dreaming

koxyz:
This governement cannot execute any project without borrowing.We are placing a big burden on the next generation to come.

Taking this route indicates that this gouvernement lack the capacity to look inward and generate the needed funds.

You don’t want to take loan and you don’t want to pay taxes. Nigeria has very low tax to GDP ratio of 11%. Oil revenue still low, we don’t generate enough revenue from other sectors. So where will government find money to build infrastructure you keep demanding for?

Mischievous reports like this are only pushing false narratives on the Nigerian debt profile. National debts are measured and reported in USD. This is the internationally accepted practice.

As of March 2023, our total debt was $108b, but as of today, it's $97b. This shows a decline of $11b in the last 2 years. Unfortunately, these doomsayers and negative people will convince gullible Nigerians things are getting worse. They deliberately report the debt in Naira only, thereby overstating the real number. In March 2023, the conversion was based on the highly subsidized exchange rate of N460/$1 compared to the market-driven, efficient N1,500/$1. Of course the figures will be higher in Naira when compared to 2 years ago

This administration has made a strident efforts to pay down the debt. Our international trading partners and countries applaud this efforts and have confidence in the handling of the Nigerian economy by this government. Unfortunately, like lambs to slaughter, gullible Nigerians will believe politicians and fake media outlets.

This court order is shaky. Can a court suspend proceedings of the committee on finance, security or any other legislative committee? Can a court stop the legislative arm from doing its job because a Senator is not satisfied with the process?

Legislative committees are part of the internal workings of the legislative arm to arrive at a decision. And if a court can halt this, so where is the separation of power?

Where’s the link to the portal so we can test

No big deal. At times, as a defendant you don’t have to present any evidence or call witnesses.
It’s incumbent on Obi the petitioner to provide unimpeachable evidence that he won. Shikena

It might be a better strategy to let the case be decided only on evidence provided by petitioner. So far no smoking gun or evidence of massive rigging has been presented before the judges

With the 10,000 PUs, it’s just about 900k accredited votes casted. This will make no difference in the results. Also if canceled, it will affect all parties.

To erase Tinubu’s, huge lead of 2.1m vs Atiku or 2.8m vs Obi, results of over 70k PUs must be canceled. This of course depends on which states the over voting occurred.

Elections are about numbers. Atiku & Obi just wasting time with their petty petitions.

NaijaSumigan:
How and when did FCT became a State. Who is the governor of FCT and what's the Capital of FCT

AND was simply added to ensure FCT is not unwittingly excluded. By just saying 2/3 of all states, FCT will be excluded. If it's mandatory to score 25% in FCT, it means FCT is a superior entity in the federation. That's not the case. All votes from the FCT carry equal weight to every other vote from all states.

Just a natural reaction to a catastrophic loss. Obi's ability to win the presidency was overestimated, hence stunned and dazed reactions from his obidients.

In the coming days and weeks, mentions of Obi will gradually diminish. His obidient movement will fizzle out as the Jagaban slowly consolidates power. By swearing-in day, the word obedient will be nothing more than a footnote in this election.

2027 is only 4 yrs away. Obi should begin preparation for Presidency today if he wants to run. Tiniubu is now in charge as he's the new sheriff in town. Even Buhari is now a lame duck and will have to run things through Tinubu. This is how democracy works

Biabank:
Anambra has been confirmed to contain a thermonuclear bomb.
Nearly a million votes for P O.

I'm working to obtain results from Abia

With less than 30% turnout, Obi will only get a maximum of 2.1 million votes in all SE. Do the math and stop posting unreliable figures

Kobonaire4:
It is kind of the fault of our education system and the way the economy is set up

Educated people leave the villages and head out into the cities to look for work and other opportunitues. This leaves those who cannot leave because they are not educated enough.

The main parties build their structures and their support on the people left behind. And since these are the people that the villagers see...not the educated man in the city that may come home once in a year or sometimes in years....they win elections for their main parties.

I don't like it when people call them illiterates for voting APC and PDP.(I reiterate that that is a mistake...something that the Democrats learned the hard way in 2015, and even still make, and something seen to some extent in the UK). APC and PDP are sadly the only parties that at least give a damm. LP? Lord knows I used to live in the North. LP is not to be seen anywhere in the rural areas. If LP at least did some mobilization and came with some ideas that suit the rural areas, or even some of the educated people came home and ran for councillor, and suchlike, or even engaged in local activisim so that people could eventually see that APC and PDP are fake parties who just want power...maybe things might change. But it is hard work, and most of us educated people ain't got time.

LP is also not above using tribe and religion to to woo voters...plus a lot of the educated vote for all three parties on tribal and religious grounds.

At the end, politics in Nigeria is not about issues. I don't consider Atiku, Tinubu or Obi have anything new for Nigerians. At the end, they would just do what has been done year in, year out;;;;over subsidise, take loans to cover the deficit, find jobs for the boys and girls, and the rest of us will complain and grumble as we always do about 'corruption' and look for the next 'hero'.

Very accurate analysis on the political landscape. Politics is all grassroots. Shouting on social media or urban areas will not work.

SmartPolician:
Even if Peter Obi gets 3 million votes in Lagos, it's a game-changer! Lagos, with over 7 million voters, has never done more than 2 million before. It makes no sense.

This is a campaign to wake up the sleeping giant! Everyone must come out and vote on Saturday. Nobody should be playing football while our inferiors use our country to play ping-pong because we let them. APC making Bola Tinubu their presidential candidate is an insult taken too far!

The turnout is projected at 41%, which means 2.9 million of the 7 million will actually vote. So do the math and figure things out. Learn about voting patterns and numbers before making asinine statements. Numbers win elections not emotion. Your heart may give Obi 3 million votes but it's still an uphill task for him to get 1 million votes in Lagos. FACT

For Tinubu, the goal is to ensure Obi can’t run up the numbers and to reduce Atiku’s vote. With a voter rich state like Rivers, 17% - 18% for Tinubu is ideal. That way Obi can’t secure more than 45% and Atiku 35%. Rivers is not an Apc stronghold so the strategy is just to depress numbers for Obi & Atiku. Same approach for Delta (2nd highest in SS). Cross Rivers and Akwa
Ibom will be a 3 way battle. Not sure about Bayelsa.

Obi will run up huge numbers (70%) in SE, but no big deal.

So he knew there was supply constraints, yet he insisted on cut-off date of Feb 10? And he’ll still blaming saboteurs in the banking system for his massive failure. A simple “what if scenario planning” would have saved this untold hardship on the people. And this is the top banker, overseeing a 200m nation spewing this garbage.

Now he confirmed the whole purpose of the redesign is political goal. Ensuring the economic well being of citizens has no value to these people