₦airaland Forum

xperiencelove:
Maybe you don't know your con man is charging over 6million for computer engineering per session in his University despite building the institution with stolen common man wealth which many of you cannot afford.

Tell Nigerians: how much has Tinubu siphoned from the Lagos State treasury through the opaque Alpha Beta deal and other arrangements spanning more than two decades and counting?

And what about the Chagoury deals, the Coastal Road project, and other Hi-Tech construction contracts?

Can you tell Nigerians exactly how much Tinubu has taken from Lagos and the country?

Are you aware that Abacha loot is just so insignificant compared to what Tinubu have stolen and looted

Krankhead:
Atiku is desperate and will bankrupt rhe country. Where is he going to see money to do all because he Saud he will return subsidy. Is it nit tge money that was saved from subsidy rhat is currently been used fir Student loan

Tinubu has already bankrupted the country.

Atiku is coming on a recovery mission.

As for where Atiku will get the money to do what he has promised: don’t worry. If all the money stolen under Tinubu is recovered, I believe there’ll be more than enough to fund the recovery mission.

MasterTeeUSA:
We have ignorant Nigerians. Do you know students are not made to pay back if they do not have jobs? Do you realize it is 0% interest? All those parents now get more money from the Govt...Fed or State, Retirements benefits are being paid and salaries are not owed. But you must be living in a different Nigeria than the rest of us...last I check, we were borrowing 97% to pay interests on debts and subsidy. What is wrong with us as Nigerians? We need to be able to think

You’re actually not thinking, bro.

Why has the Tinubu government borrowed much more than the Buhari government despite no longer paying fuel subsidy?

Where is the money saved from subsidy removal?

The Tinubu regime keeps telling Nigerians to “bear the brunt” of these so-called reforms. So, when exactly will it be over?

You Tinubu supporters keep saying salaries were being owed. Fine, tell us the salaries that were being owed as at when Buhari handed over to Tinubu.

Why is the Tinubu government still not paying the wage awards promised to civil servants, despite not paying subsidy?

Where is the 3000 CNG buses?

You folks should stop with all these lies, falsehoods, and propaganda. It’s not working.

phemray:
At least some beneficiaries have graduated and started working, can u investigate if government have ever asked them to Start payment? Government programme is just for the benefit of the poor, they will never pay back.
Ok what is the difference between This policy and conditional cash transfer to the most poor?

Read your comment again and ask yourself if you made any sense

Cajal:
Gullible dude , debt forgiveness for less than 4 years initiative

The drug lord deceived you all

It's all a deceit

Op, Na external reserve we go chop,?

Na statistics we go chop?

favor914:
Bitter Obidient.

Bitter TATA boy
Xxxxxxx

‘Bring answers when you return’, Atiku tells Tinubu over ₦30trn FAAC, ₦34trn duty waivers


ABUJA: The camp of former Vice President Atiku Abubakar has challenged President Bola Tinubu to return from his trip to Europe with concrete answers on the reconciliation of about ₦30 trillion in Federation Account Allocation Committee FAAC figures and roughly ₦34 trillion in Import Duty Exemption Certificate approvals, among other outstanding questions.

This is contained in a statement issued in Abuja on Tuesday by Phrank Shaibu, Senior Special Assistant on Public Communication to Atiku.


Shaibu said the questions could not go on leave simply because the President was away. “While you rest in Europe, millions of Nigerian parents lie awake at night, staring at empty cupboards and wondering how they will face their children in the morning,” he said. “That is the reality on our streets.”

Listing out the specific demands, Shaibu said: “When you return, bring answers. Reconcile the Federation Account figures of ₦30 trillion Naira. Provide full transparency around the duty exemptions of over ₦34 trillion Naira. Explain what Nigerians concretely received for the ₦15.8 trillion your government says subsidy removal mobilised. And explain why intervention is supposedly backward when Atiku proposes it, but miraculously becomes Renewed Hope when you announce it.”

On the Federation Account figures specifically, Shaibu said; “We have also repeatedly demanded a comprehensive reconciliation of the nearly ₦30 trillion identified across Federation Account revenues, deductions, savings, transfers and related entries. If our reconciliation is wrong, publish the complete ledger and establish the facts.”

He raised similar concerns over the scale of import duty waivers granted in 2025 worth over N34 trillion, insisting Nigerians were owed disclosure on who the exemptions benefited.

On the ₦15.8 trillion the government says was mobilised from subsidy removal between June 2023 and December 2025, Shaibu argued that Nigerians had made heavy sacrifices without a clear account of what they received in return.

Shaibu also queried the timing of the presidency’s sudden promise of relief measures, including cheaper transportation and increased food production, in the “next few weeks,” suggesting the announcement was tied to the approach of the 2027 elections rather than genuine economic recovery. “The answer is becoming increasingly obvious. After more than three years of hardship, Nigerians are now being offered a temporary dose of political anaesthesia as 2027 approaches. God forbid that Nigerians should mistake election-season relief for economic recovery”, he said


https://www.vanguardngr.com/2026/09/bring-answers-when-you-return-atiku-tells-tinubu-over-%E2%82%A630trn-faac-%E2%82%A634trn-duty-waivers/amp/

FortCavazosKnox:
The way Atiku is promising heaven and hell, that man can’t be trusted and he must not be president

Atiku is more trusted than Tinubu.

Can you trust Tinubu?

What am I even saying? Even Remi doesn’t trust Tinubu.

The so-called financial autonomy that Tata boys were hailing Tinubu for, claiming that it was some sort of restructuring, was nothing but abracadabra...a fraud, with Tinubu himself rubbishing it by withholding Osun State LGA funds for almost two years, despite a Supreme Court judgment ordering that the funds be released.

Thank you Atiku

Tinubu is a wicked man

He has impoverished Nigerian parents, the same parents who hitherto were able to pay their wards’ school fees. He then created a loan scheme called NELFUND, putting the burden on students who are told they will repay the loans when they get jobs...jobs that his government hasn’t created.

FSBoperator:
Lol

So Okeke don join the untouchable list that includes Kanu and Giringori.

Lmfao.

Nothing is in it,” yet Atiku is supposedly chasing shadows, while Tinubu, through his lawyer, is fighting to keep the files from becoming public. Una get sense so?

Sunday Dare is a mæd man

You won't see Tinubu supporters screaming religious war

OP, Are our borders closed? If yes, why do we still have so many guns and bandits wreaking havoc, raiding villages and towns, wantonly destroying lives and property, and carrying out kidnappings?

This is the worst this country has witnessed since independence under the Tinubu administration.

The rejection is total and across the board.

Fuel prices went from below N200 to over N1,300 per litre, with the promise that the money saved from subsidy removal would be put to good use.

Today, Nigerians are asking: Where is the money saved from subsidy removal?

First, they claimed the previous government was borrowing to pay for subsidy. Nigerians responded: “You’re no longer paying subsidy, yet you have borrowed much more than the previous government.”

Then came the next excuse: “Hold your governors responsible; they have the subsidy-removal funds.”

The governors responded: “Don’t hold us accountable for the subsidy-removal funds.”

And so, it has been back and forth, back and forth, everyone pointing fingers, nobody taking responsibility.

Meanwhile, the Tinubu regime continues to inflict untold hardship on Nigerians: worsening insecurity, soaring inflation, rising living costs, and a deepening economic crisis.

subsidy is gone.

Tinubu where is the money saved from subsidy removal

Na statistics we go chop!

Burob:
He will be the Walter Ofangogoro for President Gringory Obi.

Why don't you make your comment regarding the subject matter

Na statistics we go chop

Ritchiee:
Prove him wrong,baba.
Stop dancing naked in the market.

Reno Omokri’s own words have already proved him wrong.

Whatever he is saying today that contradicts what he said previously before Tinubu appointed him ambassador designate is nothing but the desperate rantings of a man who sold his principles for a bowl of porridge.

That’s the energy come 2027.
Voting APC is basically reinventing suffering, hardship, worsening insecurity, and more deaths.

NewHe:
The reforms you know,sir!
At least we have not had ASUU going on strike
No fuel Scarcity
Naira/fx is stabilize now
Please ask Emir Sanusi,Madam Okonjo Iweala,Peter Obi ...lots of other people versed in developments what they are saying about our economy now!

How many Nigerians has the Tinubu regime actually lifted out of poverty?

What is the unemployment rate today?

How many Nigerians have been killed, kidnapped, or displaced under Tinubu, compared with the same figures under the immediate past Buhari administration?

And let’s talk about the N70,000 minimum wage.

How much is N70,000 worth in dollars today, compared with what N30,000 under Buhari was worth in dollars?

Better still, forget dollars, let’s use the currency Nigerians actually understand: litres of fuel

How many litres of fuel could Buhari’s N30,000 minimum wage buy?

How many litres can Tinubu’s N70,000 buy today?

Because if your salary goes from N30,000 to N70,000 but what that money can actually buy keeps shrinking, congratulations , you got a pay rise in naira and a pay cut in reality.

And then there is the promise of constant electricity.

Tinubu pledged to deliver it ,b and even essentially challenged Nigerians not to vote for him again if he failed.

The real question is simple:

Are Nigerians materially better off today than they were before Tinubu took office?

If the answer is yes, show the numbers.

If the answer is no, show us the excuse.

NewHe:
It's not about Tinubu but sensible Nigerians with insights knew Tinubu will finish his good reforms and position Nigeria onto an enviable status economically where all Nigerians can blossom ( those who are ready to embrace positive things)!

When making reference to reforms, be specific. Which reforms?

NewHe:
Alleged,it's going to be Alleged till Tinubu leaves in 2031!

Actually Tinubu is leaving in 2027

Even Tinubu himself knows he is leaving

Tinubu made Nigeria' so so expensive

simpleseyi:
.
Tinubu is not a mere mortal, he is the god of Politics and Infrastructure. Can you defeat Ogun or Sango or Aiyelala? If you cannot defeat any of the old gods, definitely you cannot defeat the god of Politics and Infrastructure, Emilokan JAGABAN

Which infrastructure are you talking about

***Decry regulatory failure

***Consumer protection agencies, others need to protect Nigerians now – CISLAC


Organised Labour and Civil Society Organisations, CSOs, have accused the Federal Government and petroleum industry operators of contributing to the mounting hardship faced by Nigerian workers and the masses through successive increases in petroleum product prices.

They also accused the Federal Government of failing in its regulatory oversight.

This came as Independent Petroleum Marketers of Nigeria, IPMAN, attributed the latest increase to repeated price adjustments by the Dangote Refinery.

Reacting to the latest hike in pump prices noticed across petrol situations across the country on Wednesday, the Nigeria Labour Congress, NLC, said the hike was particularly troubling given the relative stability of crude oil prices at the international market and the recent improvement in the exchange-rate environment for local businesses, whose cost factors are denominated in United States dollars.

Faulting the increase, NLC’s Assistant General Secretary, Mr. Chris Onyeka, said: “There is a gang-up against Nigerian masses by the elite, unfortunately with the seeming support of the ruling class.

“The truth is that the price of crude has remained stable, but the exchange-rate regime has become slightly favourable for local businesses whose cost factors are measured in United States dollars.

“The only justification for increasing petroleum product prices can only be seen from the standpoint of capitalist greed, reaping the benefits of extortionate monopoly.

“A few dominant operators have become the major suppliers of petroleum products to the Nigerian market and is always ruthless in exploiting any opportunity to increase prices whenever it presents itself, especially when the regulators in the industry have remained worryingly silent.

“It shows you the dangers of courting monopolies, which countries do everything to destroy but which monsters Nigeria seems to be comfortable in breeding.

“Every Nigerian remembers how much we pay for a bag of cement, a product controlled by the same these dominant operators .

“There will be no respite for Nigeria from the exploitation of a dominant operator until we get our public refineries back on stream.

“We have spoken of these dangers at the beginning, and this will continue if the government does not wake up through its agencies that regulate the sector to rein in the dominant operators’ appetite for exploitation.

“This is coming at the heels of the widely known fact that Nigeria experienced the highest level of petroleum price hike as a result of the Iran-USA/Israeli war globally.

“We must ensure that the stranglehold which these guys have on our downstream sector is removed if government is truly committed to reducing the hardship on workers and masses.

“Unfortunately, it appears that government is not interested in alleviating the sufferings of the people.”

CSOs backs NLC

Corroborating NLC on the allegations of collusion between the Federal Government and oil marketers, Civil Society Organisations, CSOs, insisted that Nigerians deserve better in the downstream sector.

The Human Rights Writers Association of Nigeria, HURIWA, said government appears more concerned about protecting business interests in the oil sector than addressing the welfare of citizens.

National Coordinator of HURIWA, Emmanuel Onwubiko, stated this in a telephone interview, said citizens were paying the price for what he described as the government’s “disproportionate interest” in the comfort of the oil cabal.

“The NLC is spot on. How can you explain why the only oil refinery in Nigeria and those who import petroleum products are selling at almost the same price?”

“This doesn’t make sense. Something is deeply wrong and the excuse that it is a free market is not adding up. The prices are supposed to be competitive and Nigerians ought to enjoy lower prices if things were done properly.”

Consumer protection agencies, others need to protect Nigerians now – CISLAC

Also speaking, Executive Director of the Civil Society Legislative Advocacy Centre, CLAC, Auwal Musa Rafsanjani, said: “We view the latest increase in the pump price of PMS with serious concern, particularly because Nigerians are already struggling with high transportation costs, food inflation, declining purchasing power and the broader consequences of previous energy-price increases.

“Our position is that Nigerians should not be made permanent victims of a deregulated petroleum sector that socialises every increase in cost while privatising every reduction in cost.

“Government must intervene as a regulator and protector of competition, not necessarily as a price fixer. It should immediately establish whether the present increases are supported by genuine

“Deregulation must not become another word for exploitation. Its promise should be competition, efficiency, transparency and ultimately better value for Nigerian consumers.

“We recognise that Nigeria operates a deregulated downstream petroleum market. Deregulation means that the government should not arbitrarily dictate the price at which every marketer sells petrol. However, deregulation cannot mean absence of regulation, transparency or consumer protection.

“A deregulated market must be genuinely competitive. It cannot become a system in which prices increase immediately whenever there is an upward movement in costs but remain rigid whenever crude prices, exchange rates or ex-depot prices decline.

“We call on the NMDPRA, Federal Competition and Consumer Protection Commission, FCCPC, Ministry of Petroleum Resources and other relevant institutions to immediately conduct an evidence-based review of the current PMS pricing template.

“Marketers and major suppliers should be required to transparently demonstrate the components responsible for significant price adjustments, including the ex-refinery or ex-depot price, exchange-rate exposure, transportation, financing, storage, insurance, distribution margins and applicable taxes or levies.

“We are particularly concerned about a pattern in which consumers appear to experience rapid upward price transmission but extremely slow downward transmission.

“Government should also investigate whether there is any evidence of price fixing, coordinated pricing, market dominance, artificial scarcity or other anti-competitive practices.

“We call for the following measures: Immediate pricing audit: NMDPRA should publish a transparent assessment explaining the cost components responsible for the latest PMS price increases;. Mandatory price transparency: Major refiners, depot owners and marketers should disclose the key components informing ex-depot and retail price adjustments without revealing legitimate commercially sensitive information.”

Govt needs to urgently intervene — ActionAid

ActionAid Nigeria, AAN, Country Director, Dr. Andrew Mamedu, speaking on the development, said: “We are concerned about the recent increase in petrol prices because every increase at the pump quickly affects transportation, food prices, businesses and household income.

“What deserves scrutiny is that prices are rising at a time when some of the factors usually cited, including global crude prices and the exchange rate, have shown relative stability. Nigerians therefore have a legitimate question: what exactly is driving the increase?

“We recognise that Nigeria operates a deregulated petroleum market and prices will reflect crude costs, refining, foreign exchange, transportation, distribution and reasonable business margins. But deregulation must not become a licence for arbitrary pricing or profiteering.

“The FCCPC has previously raised concerns that marketers are often quick to increase prices when crude prices rise, but reductions are not passed to consumers at the same speed when costs fall. That is an issue regulators must examine seriously.

“Government can and should intervene, not necessarily by fixing prices, but by ensuring transparency and protecting consumers. The NMDPRA and FCCPC should examine the pricing chain from refinery to filling station and make clear what is driving these increases. Where there is evidence of price fixing, collusion, artificial scarcity or excessive profiteering, regulators must act.

“The renewed conversation around fuel subsidy also presents an important opportunity. If government maintains that a universal petrol subsidy is inefficient or unsustainable, then we must have an equally serious conversation about targeted support for people living in poverty and those most vulnerable to these price increases. Support can take other forms: affordable public transportation, targeted social protection, support for smallholder farmers, energy assistance for low-income households and measures that reduce the cost of moving food and essential goods.

“The principle should be simple: removing a general subsidy should not mean removing government’s responsibility to cushion the poorest from economic shocks. Savings from reforms should translate visibly into stronger protection and better public services for those who need them most.

“For us, the biggest concern is the impact on ordinary Nigerians. A small increase in petrol can mean higher transport fares, higher food prices and greater pressure on families already struggling with the cost of living.

“Our position is clear: Nigerians should not continue to bear unexplained increases in the cost of essential commodities.

“Businesses have a right to make reasonable profits, but citizens also have a right to protection from exploitation.

“Deregulation cannot mean deregulating responsibility. Government must protect the public interest, regulators must regulate effectively, and economic reforms must work for those living in poverty, not push them further behind.”

Why fuel price is high —IPMAN

Meanwhile, IPMAN has attributed the latest increase to repeated price adjustments by the Dangote Refinery.

Public Relations Officer of IPMAN, Chief Chinedu Ukadike, said marketers have had to deal with frequent gantry price adjustments in the past week.

The refinery had raised its gantry price from N1,165 per litre to N1,185 and subsequently to N1,200 per litre in the past seven days.

“Every time Dangote increases his price, our price will also rise,” he said, adding that independent marketers were being forced to adjust their pump prices because they could not continue selling at a loss.

The latest development has been reflected in pump prices across Abuja.

Checks around the nation’s capital, yesterday, showed that NNPC Retail stations, which previously sold petrol at N1,250 per litre, are now selling at N1,270 per litre. TotalEnergies prices have moved from N1,250 to N1,275 per litre, while Bovas stations have adjusted prices from N1,253 to around N1,275 per litre.

Ukadike said the volatility was making it difficult for marketers and consumers to plan, noting that the cost of replacing products could change significantly within a short period.

He attributed fluctuations in petrol prices to several factors, including international crude oil prices and movements in the foreign exchange market. He linked the situation to geopolitical developments affecting global oil supplies.

The IPMAN spokesperson said petrol price volatility was particularly significant because petroleum products influence transportation and the wider cost of goods and services in Nigeria.

He, however, expressed optimism that Dangote Refinery’s free transportation initiative for marketers could help ease distribution challenges and ultimately reduce prices if sustained.

According to him, some trucks carrying products under the scheme had yet to arrive because of poor road conditions, but more marketers were enrolling in the programme.

He said the inclusion of Imo and Anambra states in the initiative would also expand access to Dangote’s products, describing the two states as important gateway markets in the South-East.

Ukadike said increased access to locally refined products would intensify competition and reduce pressure on marketers facing transportation challenges and funds tied up in depots.

On the continued importation of petrol by some major marketers, despite increased local refining capacity, Ukadike said imports could support deregulation and competition but questioned the rationale for importing products at prices higher than locally refined petrol.

“When the products that are being imported are higher than the ones Dangote is giving us, what is the essence of importing it, putting pressure on our dollar?” he asked.

He called for greater support for local refining, including increased access to crude oil for domestic refineries, arguing that stronger local production could eventually enable Nigeria to export refined petroleum products.

https://www.vanguardngr.com/2026/08/fuel-hike-labour-csos-accuse-fg-operators-of-gang-up-exploitation/

That's nice

But what now happens to Adegboyega Oyetola, the Minister of Marine and Blue Economy?

Has Tinubu discarded him and AMBO after they failed to deliver Osun to the APC?

Absolutely 💯

He doesn't deserve it

The Supreme Court ordered that the funds be released to the LGAs, yet the Tinubu government continued to withhold them in flagrant disregard of the rule of law.

Isn’t that, at the very least, grounds for an impeachable offence?