Ofunaofu's Posts
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He has stolen so much from the people of Lagos state for over two decades and counting |
Tata boys are now churning out senseless threads because, after three and a half years, they’ve run out of anything meaningful to campaign with. When the record is this empty, I guess you have to manufacture a Peter Obi thread. |
Tata boys are now churning out senseless threads because, after three and a half years, they’ve run out of anything meaningful to campaign with. When the record is this empty, I guess you have to manufacture a Peter Obi thread. |
The people at the helm today are hypocrites. The same people who said Jonathan must go when fuel was N97 per litre are today telling you that Tinubu is “transforming the economy and implementing bold reforms while fuel is around N1,500 per litre, with the attendant high transportation costs, rising cost of living, and reduced purchasing power. Apparently, what was unacceptable at N97 is now reform at N1,500.
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FSBoperator:The news said Ikeduru/Mbaitoli Federal Constituency, but here you are, a notorious wanderer, jumping from thread to thread with absolute compression problem, dragging Peter Obi into conversations that have nothing whatsoever to do with him |
The Tinubu presidency is a bad precedent |
Truly, Nigerians are shocked, not by any infrastructure, because there’s none to be shocked by, but by the level of incompetence and unprecedented drift: worsening insecurity, high inflation, soaring fuel prices, hunger, and deaths that Tinubu’s draconian policies, masquerading as economic reforms, have inflicted on them. |
Oyo people shouldn't make the mistake of voting those Lapping themselves |
Obiedun:Behave well is how governments turn rightful dissent into disobedience. Yes, rights have limits, but who decides what bad behaviour is? If “Jonathan must go” was legitimate political expression yesterday, why is “Tinubu must go” an offence today? Democracy isn’t the freedom to speak only when government approves. And remember: the government you defend today may one day make you its victim. When that happens, don’t assume the same machinery you applauded for silencing others will come to your rescue. Defend rights as principles, not privileges. Otherwise, it isn’t democracy |
We were told he fought for democracy. Now, under him, apparently, democracy comes with handcuffs. The same people who weren’t arrested when they shouted “Jonathan must go” are now arresting people for saying “Tinubu must go.” So much for the struggle for democracy. It seems the freedom to protest expired the moment they grabbed it snatch it and run away with power A NADECO wannabe, indeed. |
TopBanter:Topbanter abeg relax. Nobody said “working vacation” is an oxymoron. We all understand the phrase. The point is, if Bayo Onanuga says it was a “working vacation,” while the man himself says he went to enjoy himself, I’m allowed to point out the contradiction without needing a lecture on Google definitions. But the venom with which you rushed to defend the phrase is impressive. At this point, you must either be Bayo Onanuga himself or one of the tata boys on duty. |
He said he went to enjoy himself but Bayo Onanuga and the tata boys said he is on working vacation |
Soon Tinubu will be used in a french hospital advert video And tata boys will hail him |
Hired crowd? We don’t want to hear stories about hired individuals not being paid in full. |
FSBoperator:Imagine being asked whether you’re wishing your president death and responding with an entire obituary and funeral speech. You really told on yourself |
FSBoperator:Are you wishing your president death or something? |
The video didn't show anything |
FSBoperator:When is Tinubu coming back |
It might sound funny, but that’s the reality. Tinubu continuing to stay in office as president of this country is a threat to the survival of ordinary Nigerians. Tinubu is a weapon fashioned against the survival of ordinary Nigerians |
Gombe 2027: Wike-Backed PDP Clears Pantami, 2 Others for Fresh Primary Today The Nyesom Wike-backed faction of the Peoples Democratic Party (PDP) in Gombe State will conduct its fresh governorship primary today, Tuesday, September 29, with former Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim Pantami, among the three aspirants cleared to participate.https://politicsnigeria.com/2026/09/29/gombe-2027-wike-backed-pdp-clears-pantami-2-others-for-fresh-primary-today/?utm_source=operamini&utm_medium=feednews&utm_campaign=operamini_feednews
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You can tell a sponsored post when you see one just by reading the first few lines. This one fits the description perfectly. |
APC and tata Boys Blast! Not Nigerians. Let’s get that very clear. APC and hordes of tata boys will surely blast anyone who promises a credible alternative to the catastrophe Tinubu has inflicted on this country. APC and their hordes of tata boys blasted Atiku. Now, they’re blasting Peter Obi. Their job is to blast. Ask them to point out what Tinubu has actually done, any achievements, any positives, and suddenly, everyone develops selective amnesia. |
Presidential candidate of the African Action Congress (AAC), Omoyele Sowore, has called for the impeachment of President Bola Tinubu over his prolonged absence from Nigeria, arguing that the President cannot continue to govern the country from abroad. Symfoni reports that he (Sowore) argued that the constitutional provision on presidential absence should be activated if the President stays outside the country beyond 21 days without formally transferring power. “If he’s not back, then we should be talking about his impeachment tomorrow morning,” Sowore said. According to him, the Constitution requires the President to formally transmit a declaration to the National Assembly when proceeding on vacation or when unable to discharge the functions of his office. Sowore rejected the argument that Tinubu could continue performing his presidential duties from abroad, insisting that Nigeria cannot be effectively governed by a President who is outside the country for an extended period. “I don’t believe that there is any working visitation. You have to be in town to be President of Nigeria,” he said. The AAC presidential candidate also compared the situation with previous instances of prolonged presidential absence, arguing that Nigeria should not repeat what he described as past mistakes involving former Presidents Umaru Musa Yar’Adua and Muhammadu Buhari. The Presidency has maintained that Tinubu’s foreign stay was a working visit and that he remained in contact with officials while away from the country. Sowore, however, insisted that the constitutional provisions governing presidential absence must be followed, saying the Vice-President should assume the necessary presidential functions where the constitutional conditions are met. https://symfoninews.com/21-day-absence-sowore-demands-tinubus-impeachment/ |
Tinubu is a threat to democracy and rule of law |
The African Action Congress (AAC) has dragged President Bola Tinubu, the Attorney General of the Federation and other senior government officials before the Federal High Court in Abuja over the President’s failure to transmit power to Vice President Kashim Shettima during his prolonged vacation outside Nigeria.https://politicsnigeria.com/2026/09/28/breaking-tinubu-dragged-to-court-over-refusal-to-handover-power-to-vp-shettima/?utm_source=operamini&utm_medium=feednews&utm_campaign=operamini_feednews
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LordIsaac:Just as the current head is rotten |
duro4chang:I didn't mention Obi, and I certainly didn't mention Tinubu. So why are you this agitated? What exactly brought Obi into this conversation? Or are you having nightmares already? |
duro4chang:What makes it an effort in futility? According to the Supreme Court judgment, APC doesn't have a candidate in Rivers. The Wike rainbow confusion is in tatters, running helter-skelter. Wike, in trying to outwit everyone else, ended up outwitting himself and his own rainbow confusion. |
Reactions As Tinubu Announces He Has Built CREDICORP And That Nigerians Can Now Buy Things On Credit Social media users have taken to their official X account to react after it was announced that President Bola Ahmed Tinubu has built an institution that will help Nigerians to get loans and buy things on credit. The announcement was made on the official X account of President Bola Ahmed Tinubu on Monday, September 28, 2026. In the post that surfaced online, the President stated that his administration has built a credit based institution known as CREDICORP. He said the institution will allow Nigerians to buy things on credit and pay later. The President stated that his administration will continue to put out measures that will lift burdens on the people of Nigeria. According to President Bola Ahmed Tinubu on his official X account; "That promise was about something practical. A worker with access to credit can buy what the family needs and pay over time and a small business can invest today against the income it expects tomorrow. "We have been building the institutions to make that possible. Through CREDICORP, working Nigerians can access consumer credit". https://news-af.feednews.com/news/detail/5917457e3db629eec0010aba0e5bdf8c?client=news
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Nigeria’s public debt burden has again sparked public and economic concern after fresh calculations showed that every Nigerian now carries an estimated N716,822 in public debt, up from N383,442 three years ago — an increase of about 87 per cent. This individual debt figure is based on the latest figures from the Debt Management Office (DMO) divided by the World Bank’s population estimates for both periods. The rise is even more stark when measured against what Nigerians actually earn, with debt per person now accounting for a far larger share of average income than it did three years ago. The disclosure has renewed debate about debt sustainability, with economists warning that the pace of borrowing is outstripping the country’s capacity to service its debt. Debt-servicing costs have become a growing concern, with Nigeria projected to spend more than $11.6 billion on debt servicing in 2026 — up sharply from the previous year — even as recurrent government spending continues to rise. Nigeria’s Debt Stock Grows 90.9% In 3 Years As Borrowing Hits N166.79trn LEADERSHIP’s checks showed that three years ago, at the end of June 2023 — the first debt figure published after President Bola Tinubu assumed office — Nigeria’s total public debt stock stood at N87.38 trillion. Divided by the World Bank’s population estimate for that year, 227,882,945, the per-capita debt burden worked out to roughly N383,442 at the time. Today, with the debt stock at N166.79 trillion as of June 30, 2026, and the population estimated at 232,679,478, per-capita debt has surged to N716,822 — an increase of N333,380 per person, or about 87 per cent, in three years. The debt stock itself nearly doubled in naira terms, rising by N79.41 trillion, or 90.9 per cent, over the same period. The per-capita figure shifts depending on the population estimate applied. Using the National Population Commission’s (NPC) own projection of slightly more than 216 million — last updated by NPC Chairman Nasir Isa Kwarra — the current per-capita debt burden rises to roughly N772,175. Analysts have, however, noted that part of the naira-denominated surge reflects currency depreciation rather than new borrowing alone. Recall that in June 2023, shortly after the naira was floated under the new administration, the official exchange rate closed the month at N769.25/$1 at the I&E window. By comparison, the official NFEM rate as of September 2026 stood at about N1,329/$1 — a depreciation of about 72.8 per cent over the three-year period. That currency slide means Nigeria’s dollar-denominated debt grew far more moderately than the naira figures suggest: from about $113.6 billion in June 2023 to $120.93 billion in June 2026, an increase of only about 6.4 per cent. Debt Burden Outpacing Income A more troubling picture emerges when per-capita debt is weighed against per-capita income. According to World Bank data, Nigeria’s GDP per capita stood at roughly $1,596.6 in 2023. At the June 2023 exchange rate of N769.25/$1, this translated to approximately N1,228,378 per person. That put per-capita public debt of N383,442 at about 31 per cent of per-capita income at the time. By 2024 — the most recent year for which World Bank figures are available — Nigeria’s GDP per capita had fallen to $806.9, a drop of more than 49 per cent, driven largely by the naira’s devaluation and the rebasing of the economy. Converted at the current exchange rate of roughly N1,329/$1, that amounts to approximately N1,072,368 per person in naira terms. Against this lower income base, per-capita debt of N716,822 now represents nearly 67 per cent of per-capita income — more than double the debt-to-income share recorded three years ago. The decline in dollar-denominated income has been dramatic by regional standards. Nigeria’s GDP per capita, which remained above the Sub-Saharan Africa average from 2002 to 2023, fell to $806.9 in 2024 — about $710 below the regional average of $1,516.4, the widest gap in more than two decades. Economists say this combination — a debt burden rising even as the income base against which it must be repaid shrinks — is a central reason why the per-capita debt figures have alarmed analysts more than the naira totals alone might suggest. The Current Numbers The DMO’s most recent data puts total public debt at N166.79 trillion as of June 30, 2026, up from N159.35 trillion recorded at the end of March 2026, representing a 4.7 per cent quarter-on-quarter increase. A breakdown shows that domestic debt accounted for N91.59 trillion, or 54.91 per cent of the total, while external debt stood at about N75.20 trillion, or 45.09 per cent. The federal government accounted for N152.77 trillion of the total, comprising N86.99 trillion in domestic debt and N65.77 trillion in external obligations, while the states and the FCT jointly held N14.01 trillion. The disclosure has drawn sharp reactions from civil society, economists, business leaders and ordinary Nigerians, many of whom questioned whether the country’s rising debt has translated into tangible benefits for citizens. Commenting on the development, the executive director of the Civil Society Legislative Advocacy Centre (CISLAC) and Head of Transparency International (TI) Nigeria, Auwal Ibrahim Musa Rafsanjani, raised concerns over the country’s rising debt profile. Describing it as “a major concern”, he said: “CISLAC is really particularly concerned about the growing pressure that debt servicing can place on public finances. “Borrowing can be a legitimate instrument of development when it finances productive infrastructure, human capital, industrial development, and investments capable of generating economic returns. “But the kind of borrowing and debts we have have nothing to do with what I have just mentioned. It is more of an opportunity to divert and still waste public taxpayers’ money. For us, accumulating debts while citizens continue to experience inadequate healthcare, deteriorating public education, poor electricity supply, unemployment, poverty, insecurity and infrastructure deficits are actually serious issues. “It means that the question of value for money, fiscal discipline and accountability is completely absent from what we are seeing today in Nigeria. “Nigeria cannot continue borrowing and transferring repayment obligations to future generations without demonstrating clearly where the money went. We want to know what projects were financed, who executed those projects, what results were achieved, and how these investments will generate economic or social returns.” On his part, the national president of the Association of Small Business Owners of Nigeria (ASBON), Dr Femi Egbesola, said the rise in Nigeria’s estimated debt burden per citizen from N383,442 to N716,822 was concerning, but clarified that this did not mean every Nigerian personally owed that amount. He explained that the figure was simply the country’s total public debt divided by its population. “Debt itself is not necessarily bad if it is used to finance productive investments that expand the economy, create jobs and increase government revenue,” he added. He explained that the real concern was whether the country was borrowing to create value or simply borrowing to meet recurrent obligations while the cost of servicing the debt continued to rise. “For businesses and MSMEs, the key question is whether these borrowings are translating into better infrastructure, reliable power, lower production costs and easier access to finance. For me, this is not so at the moment. “Nigeria must move from simply measuring how much we owe to asking what we are achieving with what we borrow.” Also, the founder of DAL Concept Strategy, Pelumi Oladeji, said the rising debt could further limit the government’s ability to fund critical areas of the economy if the trend was not properly managed. “A growing share of government revenue will continue to be spent on debt servicing instead of critical sectors such as education, healthcare, infrastructure and security,” he said, warning of reduced fiscal flexibility and slower national development. Oladeji said the way forward would depend on the government’s ability to grow revenue faster than it takes on new debt. This, he said, would require “stronger economic productivity, improved revenue generation, export growth, and greater discipline in public spending,” adding that reducing the debt burden should be viewed as “a medium- to long-term objective rather than an immediate expectation.” A statistician, Oluwatimileyin Onasanya, however argued that the rise in Nigeria’s debt burden should not necessarily be viewed as a problem, stating that borrowing could help a developing country finance important projects. “The main issue is not borrowing but actually failing to use the borrowed money for its intended use,” he said. According to him, borrowing should create opportunities through investments in infrastructure and other projects, but this has not happened because of how the funds are allocated. Onasanya added that Nigeria should not stop borrowing but must ensure that borrowed funds are properly channelled towards development. “A country cannot develop on its own resources,” he said, adding that the focus should be on improving the debt-to-GDP ratio and ensuring that borrowing contributes to economic growth. He also said the rising debt was not directly responsible for the cost-of-living crisis, pointing instead to “the cost of dollars vs the naira” and the imbalance between imports and exports. In his own reaction, Mr Eyitayo Oladapo said he did not see any clear benefit Nigerians were getting from the rising debt. “We don’t believe what they are telling us they use the money to produce,” he said, adding that “the rich are getting richer and the poor are not getting out of it.” He also expressed concern about continued borrowing, saying the country could not afford to keep accumulating debt at the current rate. “They are borrowing money and they are saying that we are the ones that will pay it. I don’t understand,” he said, noting that the rising debt was coming at a time when Nigerians were already struggling with high living costs. The vice chairman of Highcap Securities Limited, David Adonri, said the rise was worrisome because borrowing had not translated into improved living standards. “If debt per citizen has moved from N383,000 to over N716,000 in three years, we should be seeing corresponding improvement in infrastructure, power and productivity. Instead, cost of living is rising and purchasing power is declining,” he said. Adonri warned that continued borrowing without efficient utilisation could crowd out private-sector investment and put pressure on future budgets through debt-servicing obligations. The Managing Director of Globalview Capital Limited, Mr Aruna Kebira, said borrowing was not bad in itself if the funds were channelled into productive purposes and the return on investment outweighed the cost of funds. Kebira said the government borrows to finance budget deficits when it needs to spend beyond what it generates within a fiscal year. “When you are borrowing, you make sure that what you are putting the money into is justified. If it is for business, you ensure the return on investment is higher than the cost of funds. Assuming it is used judiciously and channelled into the projects for which it was borrowed, there is no problem,” he added. He, however, expressed concern that in developing countries, especially in Africa, borrowed funds often do not match the purposes for which they were borrowed. “What has characterised Africa is that this fund will end up in private pockets. Then the debt becomes government’s own while the fund becomes private,” he said. Kebira noted that while the United States is the highest debtor globally, it has the advantage of owing in its own currency, which it can print to repay. In contrast, Nigeria has to source dollars or use oil revenues to repay dollar-denominated debts. He warned that rising debt was a bad signal because debt servicing is included in the following year’s budget, potentially forcing the government into a cycle of deficits. He advised the government to reduce borrowing and focus on critical infrastructure, adding that even borrowed funds are often inflated, poorly executed or abandoned. https://leadership.ng/reactions-as-nigerias-debt-burden-per-citizen-hits-n716-822/ |
NewHe:Did Tinubu understand federalism when he literally increased the fuel pump price from N187 per litre to over N1,500 per litre? Was there a tripartite committee set up to discuss the effects of such a wicked and draconian increase on the living standards of Nigerians? Just asking. |
DennisEche:You don't ask about the whereabouts of a so-called N2 billion on social media. That's foo.lish.ness. Visit the nearest EFCC office and submit a petition. That's how sensible people behave, bro. |
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