₦airaland Forum

dometome:
Bro! I am into that line in my small way ok? I do that for a living, once the government put more tariff on imported goods, we increase the price. No emotions attached, No need to hate Trump. No be him tell una to destroy una own economy

Nigeria tariff on USA products hasn't changed since it was implemented I think since 2014/15. Now tell me why imported goods have witness price increase despite unchanged tariff?

SalamRushdie:
Nigeria needs to reduce import tarriff to fight inflation, the high import tarriff has done nothing but trigger Inflation and weaken the Naira , it has helped create industries , it hasnt increased Made in Nigeria production so let's stop deceiving ourselves, even the govt is importing petrol even though Dangote has a local refinery

Your take that tariff is the trigger behind inflation is false, inflation is caused by various factors that are mostly beyond local control such as global price of goods, currency depreciation which is mostly tied to too much import in the case of Nigeria. So simply removing tariff won't solve anything.

dometome:
The people who are shouting are people who do not know anything about business, If you import stuffs from the US, come to Nigeria and pay tariff money for those goods, the prices increase, and the increment gets passed on to the final consumers or buyers, but if there are no tariffs, then the goods will be cheaper and from the human psychology, you will see that people will tend to buy more, which means you sell more, you make more money in a shorter period of time, the same goes for your own products that you export to America, both parties do more exchange for that given period of time, which leads to more activities, more wealth generated. Instead of taking like, 3 months top sell a whole container, you will clear it in like, 3 weeks or a month and a week. You see, things move much quicker. So what Nigeria has to do is to become more productive. Produce more goods, especially finished goods, even Dangote fuel will be cheaper if Nigeria drops the tariff from American oil.

What are the aim of tariff?

Firstly, you mistakenly equates the removal of tariffs with an automatic decrease in prices and increased consumer purchasing, ignoring that many factors influence pricing, such as production costs and market demands.

So you want influx of cheaper imported goods with unguaranteed price reduction to saturate your market against an already struggling local production. How does that generates more wealth?

And your claim that dropping tariffs on oil will automatically lower fuel prices is funny when you are not considering the complexities of global oil pricing and supply chains.

SalamRushdie:
Instead of compelling your govt to immediately reduce it's high import tarriffs you are writing epistle ...Nigerias import tarriffs are too high and they are an extortionist tax on Nigerians .. Reduce Taffiff to 15 percent and Trump reduces his own to 7.5 and everyone smiles

Is that what you proffer as a solution to Nigeria present economical challenges? Do you consider blanket reduction of import tariffs as a quick fix? this approach of yours is fundamentally flawed my dear friend.

Nazgul:
You might not believe me, but we're defeating Mancity today.

I pray we do, though our performance against small team seems to be poor compare to the big boys. So my hopes are little high.

Islie:
$10 won’t buy you lunch in U.S, but $1 will get you meal in Nigeria – Tope Fasua, SSA to Tinubu






https://www.vanguardngr.com/2025/04/10-wont-buy-you-lunch-in-u-s-but-1-will-get-you-meal-in-nigeria-tope-fasua-ssa-to-tinubu/

Nlfpmod

Even though he made some valid point. He should also know that his comaprisons excludes the economic challenges faced by many Nigerians. Multi dimensional poverty includes many factors, but that doesn't negate the reality that many Nigeria struggle with basic needs amidst rising inflation.

ObosiLandlord:
Food is expensive in the USA, but when you look at what they earn, they can easily afford it.

If we take into account the significant income disparity and the current rising costs of living, then this statement is misleading.

folake4u:
Tor! @ the bolded. Since her púnnani now belongs to you, these are styles that you can use to dig further.


Research says the Prison style position gives a feeling like bungee diving. Blood rushes to the brain plus the feeling of being helpless. With every thrust, you'd feel like you will fall but you don't. #Adrenaline rush.


Happy digging!

Lol, you had me laughing out of control! It really does sound like intimacy is turning into an extreme sport. I just hope he remembers to wear a helmet for that bungee diving experience. Safety first.

descartes400:
Also add the Israel genocide, with the full participation of US, and the preparation to go war with Iran unbehalf of the zionist state into the mix.

Trump never see anything yet.

It wouldn't have mattered who becomes USA president. The support for Israel is deeply imbeded in American system.

cococandy:
You can’t reason with a typical Nigerian on American issues. All they heard is that we have laws that prevent us from imprisoning gay people or stoning them to death and that’s all they needed to hear

It’s funny how many Nigerians fight for human rights but think LGBTQ people don’t deserve those rights. We need to move past just accepting individual choices and start supporting everyone’s rights equally.

JASONjnr:
It's a reciprocal tariff....

Trump told these countries not to counter hike their tariff on America's goods.

But he announced that he was going to have a discussion with these countries.

I see your point about reciprocal tariffs. However, Trump can’t have it both ways. He can’t expect countries not to raise tariffs on American goods while also imposing his own tariffs.

Rebelutionary:
The problem with the likes of the fellow you mentioned is they only see what they want to see-their tin god who can never be wrong!

To them somehow only democrats feel the pinch of these policies!

It can be clearer than you have outlined it!

I can relate to your point. . I really wish that they see the broader picture regarding Trump's policies. It’s important to recognize that these decisions can impact people across the political spectrum, not just one side.

JASONjnr:
There's no policy without its negativity.... but then it comes with a whole lot of new things and Americans will have to adjust to the new conditions.

Also, if you recall I pointed out that it will not last for long. The president is meeting with these countries to explain the policies to them.... with time, and in a short while, all things will fall into places.

I do know the challenges that comes with new policies and I’m not aware of any recent meetings between Trump and other countries regarding tariffs. But engaging with them on this issue should have been his first move. Open dialogue could have helped prevent many of the negative impacts we’re seeing now.

Slytiger:
Trump said inflation would reduce from day one and the stocks will keep rising, the opposite is what's happening now.

Its called politicking. Trump knows that what he's claiming isn't actually possible.

JASONjnr:
As a foreign observer, I believe President Trump's economic policies, particularly his tariffs, are a strategic move to boost the US economy. The Trump tariffs aim to level the playing field for American businesses and workers by imposing taxes on imported goods. This approach has both supporters and critics, but it is designed to protect US industries, generate revenue, and stimulate domestic production and investment. While the tariffs may lead to higher prices for consumers and reduced economic growth in the short term, they can also be seen as a negotiating tool to secure more favorable trade agreements with other countries. The tariffs imposed on China, Canada, and Mexico, as well as those on steel and aluminum, are specific examples of this policy in action. Overall, Trump's tariffs are a complex and multifaceted policy aimed at promoting American economic interests.

I appreciate your viewpoint, but I must disagree with the assessment of Trump's economic policies. While the intention behind the tariffs may be to protect American industries, the reality is that these policies often backfire, leading to higher consumer prices and job losses in sectors reliant on exports.

Moreover, the claim that tariffs stimulate domestic production overlooks the broader economic context. Many industries faced increased costs for raw materials due to tariffs, which ultimately stifled growth and innovation. For example, sectors like manufacturing and agriculture have reported significant job losses and revenue declines as a direct result of retaliatory tariffs.

Agbegbaorogboye:
Baloney!! Fx backlog has nothing to do with national debt. National debt is managed by the DMO not CBN?
Where are you guys popping out of with this rubbish?.
Fx backlog simply means CBN refused to honour demands for fx. It is not debt in any conceivable form except for clowns who are shopping for flowers where there's none.
Fx backlog will hinder Nigeria's financial stability? What clownery

I respectfully disagree with your assessment. The FX backlog and national debt are indeed interconnected. While the Debt Management Office (DMO) manages the national debt, the Central Bank of Nigeria (CBN) plays a crucial role in currency stability and foreign exchange supply.

The FX backlog reflects unmet demands, which can lead to a ripple effect on the economy, impacting trade and investment. Ignoring this relationship oversimplifies a complex issue. Addressing the FX backlog is essential for Nigeria's economic health and future growth.

Unless you have no idea of what you trying to dispute.

JASONjnr:
Democrats are really dummies......


The LGBTQ+ and gay activities they sponsored through world bank and USAID is the reason for all these protests....

I understand your frustration, but I think it's important to look at the bigger picture. While you frown upon LGBTQ+ initiatives, it's worth noting that Trump's economic policies and the ongoing trade war are having significant impacts on everyday Americans. These issues often affect people more directly than the cultural debates. The protests may have multiple causes, and focusing solely on one aspect might overlook the broader economic challenges many are facing.

SpaceX:
The president with a spine... The most active president in history, sharp, compose and highly intelligent filled with mind-blowing ideas.

It sounds like you're using some heavy sarcasm here

FreeThinkerPlut:
Why Eko Atlantic Is More Sophisticated Than Egypt's New Capital by Biodun556

https://www.nairaland.com/8388454/why-eko-atlantic-more-sophisticated

Eko Atlantic vs. Egypt’s NAC: Sophistication or Self-Delusion? A Rebuttal





I must dissect this post with the precision it demands, exposing its flaws, biases, and oversights while weaving in the critical historical nugget that General Ibrahim Babangida’s rushed relocation of Nigeria’s capital from Lagos to Abuja in the 1980s was, in part, driven by his paranoia over coup d’états—a detail that parallels the post’s own framing of Egypt’s motives yet conveniently goes unmentioned.

It a dead end for both arguments. I would love to respond to this later.

FreeThinkerPlut:
The poster’s argument starts with a smug flex: Nigeria’s Abuja proves it can build from scratch, so Egypt’s New Administrative Capital (NAC) isn’t special. Fair enough—Abuja’s transformation from forest to capital is impressive, a planned city hacked out of the wild under Babangida’s watch. But let’s not gloss over the messiness. Babangida didn’t just move the capital for noble “regional balance”; he bolted from Lagos in 1991, mid-tenure, because its coastal chaos—teeming with political rivals and military restiveness—made it a coup magnet. His regime survived at least two serious plots (1985, 1990), and Abuja’s remote, defensible terrain was his shield, much like the poster claims Egypt’s NAC shields Sisi from protests. The irony? The poster skips this parallel, weakening their own case by ignoring how both projects share a whiff of authoritarian self-preservation.

Then there’s the swipe at Egypt’s NAC as a non-economic vanity project, built on loans to dodge revolution. Sure, the Arab Spring’s body count (thousands dead, 2011-2013) and Sisi’s surveillance obsession (6,000 cameras!) back the “fortress” theory. Egypt’s debt—$165 billion by 2024—does make the $58 billion NAC a fiscal gamble, unlike Eko Atlantic’s private funding. But the poster’s dismissal of economic intent is lazy. Egypt’s betting on long-term gains: a decongested Cairo, a government hub, and prestige to lure investment. It’s not just a bunker; it’s a sales pitch. Contrast that with Eko Atlantic, which the poster lionizes as a private triumph. Yes, it’s ingenious—10 million square meters snatched from the Atlantic, guarded by an 8.5 km sea wall—but it’s a gilded sandbox for the rich, not a national lifeline. Its “amazing” factor is boutique, not populist, and its economic returns are unproven until it’s fully built.

I completely disagree with your claim that Eko Atlantic's economic returns are unproven.

Eko Atlantic has already attracted significant private investment and is positioned as a financial center, showcasing its ability to generate economic activity. In contrast, NAC's economic prospects remain uncertain. Comparing the two is challenging, especially since Eko Atlantic operates under a public-private partnership (PPP) model, which allows for responsiveness to market demands. This flexibility solidifies its potential for economic returns, unlike NAC, which is primarily funded through substantial debt.

Moreover, Eko Atlantic generates immediate revenue through land sales and real estate development, creating a self-sustaining economic ecosystem. NAC, on the other hand, is primarily focused on government functions, and its revenue generation potential is unclear.

FreeThinkerPlut:
The desert-versus-ocean question is where the post really stumbles. Framing it as a beauty contest—“Which is more amazing?”—dodges substance for sentiment. Egypt’s NAC turns 700 square kilometers of sand into a mega-city; Eko Atlantic wrests a mere 10 from the sea. Scale alone makes the desert feat staggering, yet the poster romanticizes the ocean rise like it’s Poseidon’s gift. Both are engineering marvels, but the NAC’s ambition dwarfs Eko Atlantic’s scope. And let’s not pretend Nigeria’s “done it before” with Abuja—it’s a different beast, a smaller, slower burn, not the breakneck, debt-fueled sprint of Egypt’s project.

I’m finding it difficult to grasp the direction of your write-up.

Firstly, I believe that NAC does not dwarf Eko Atlantic in any meaningful way, particularly when we consider quality versus quantity. While NAC covers a vast area of 700 square kilometers, Eko Atlantic focuses on creating a sustainable and vibrant urban environment within a smaller footprint. This demonstrates a high level of precision and planning.

Eko Atlantic integrates residential, commercial, and recreational spaces within a compact area, promoting a lively urban lifestyle. Additionally, it features a well-planned transportation network that enhances mobility and access throughout the city.

In fact, how can we compare a city that prioritizes community integration, mixed-use development, cultural elements, efficient transport, sustainability, and economic diversity to NAC, which faces uncertainties about its future?

FreeThinkerPlut:
The post’s Nigeria-first bravado—claiming superiority over Egypt— reeks of insecurity dressed as pride. Babangida’s coup-fearing dash to Abuja mirrors Sisi’s protest-dodging NAC more than the poster admits, and Eko Atlantic’s private sheen doesn’t outshine Egypt’s state-driven sprawl in raw audacity. It’s a flawed, parochial take, cherry-picking to prop up a narrative while ignoring inconvenient echoes. Egypt’s desert titan and Nigeria’s ocean gem are both amazing, but neither needs this chest-thumping to prove it. The poster’s lens is too narrow—history and nuance deserve better.
FreeThinker from Pluto

I understand where you're coming from, my dear friend. Are you Egyptian? If so, I apologize if the poster thread provoked you. However, it's important to recognize that both Eko Atlantic and the New Administrative Capital (NAC) are unique in their own ways and serve different purposes each project reflects the aspirations and challenges of its respective country, and rather than comparing them, we should appreciate their distinct contributions to urban development.

seunmsg:
If you have any iota of sense based on the information already provided to you, you should know by now that Tinubu has significantly reduced our debt and not increased it. Our national debt in dollar terms has gone down and that’s majorly the currency of repayment. The increase in Naira terms of our debt is simply because of the exchange rate difference and not because Tinubu has taken any significant net loan.

We moved our exchange rate from the unrealistic $1/N460 to a market driven $1/N1500 which has now help us to increase our net reserve from $3.9b to $23billion. For sensible folks, they should be excited about the magic Tinubu is doing and not this hate filled Peter Obi kind of ignorant talk.

It's encouraging to see your strong support for Tinubu's policies and the positive changes happening in Nigeria. Many people may overlook these achievements due to political biases, which can cloud their understanding of the economic realities.

The reduction in national debt in dollar terms and the shift to a market-driven exchange rate are significant steps toward stability and growth. The increase in net reserves from $3.9 billion to $23 billion is a remarkable effect of good governance.

We all need to set aside political differences and focus on the progress being made.

Agbegbaorogboye:
Lol. You mean fx backlog is part of national debt?
This is comedy. When did fx backlog become debt? Who was it borrowed from and what's the rate?

Ok. What of the $3.3bn borrowed through NNPCL and the 2.2bn sovereign bond. You see how you are now?

An educated individual should recognize that a forex backlog significantly affects a country’s debt dynamics. It increases borrowing costs and accelerates currency depreciation, making existing foreign-denominated debt more expensive to service. This situation can ultimately hinder Nigeria's financial stability.

Great100000:
Source: https://www.legit.ng/people/1648088-man-spent-n18-million-relocate-uk-discovers-scammed-by-immigration-agents/

It's truly disappointing to see someone sell land for 18 million naira and then travel abroad only to fall victim to a scam. This situation highlights a lack of foresight; instead of using that substantial amount to invest in a profitable business in Nigeria, he chose to chase opportunities elsewhere without proper research. You think Jobs are easy to get abroad? Think again.


The reality is that many people find success by investing locally. 18million in Nigeria is enough for you to be successful if you are a serious type.

rajiedreez:
I thought they said their president was a revolutionary thinker. That he's the best that could happen to Argentina, that he's cutting unnecessary government expenditures. He even scrap some government ministries.

It’s important to look beyond the surface when evaluating President Milei's actions. While his supporters may label him a "revolutionary thinker," real peoe with sense see his policies as a facade that masks deeper issues. Cutting government expenditures and scrapping ministries may sound appealing, but these measures can have severe consequences for public services and social welfare. Moreover, his approach has led to economic instability, increased debt, and a reliance on external loans. I pity those still supporting him.

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

$10billion? Where did you get this from?
I have to disagree with your claims.
There is no evidence that the government borrowed such amount ro defend the currency. The current value of the naira is more aligned with market conditions and reflects its true worth. While there have been significant challenges, it's essential to recognize that the government's efforts are aimed at stabilizing the economy, not simply defending an outdated rate. Resorting to insults doesn't contribute to a constructive discussion. Let's focus on the facts and engage in a more informed dialogue about the economic realities we face.

LegendHero:
Source: https://punchng.com/argentinas-milei-to-seek-20bn-imf-loan-during-us-visit/?amp

I remembered critizing this guy move on a space only for people to come for my head. He is going to run the country down sooner or later.

jteku:
Following Presidential approval to enhance the capabilities of the FAAN Aviation Security Department, and the subsequent training of a select group of AVSEC personnel, the Federal Airports Authority of Nigeria has inaugurated a specialized unit aimed at significantly enhancing security measures in and around our airports. This milestone is another example of the new administration’s commitment to elevating the overall security baseline at Nigerian airports, ensuring the safety and well-being of all travelers, staff, and facilities.

Hope they achieve their objectives, but unless this guys are given free hand to handle miscreants.

davefurn:
What's happening in Kenya btw? Kenyans in the house @ntsa

Some kind of revolution I think.

basilico:
Dr. Fauci admitted to making up social distances and masking up kids.
House committee public interview today. Ill watch how democrats will question him.
When do l lawsuits begin?
Budaatum. Every evil thing will come to light one day. Remember that.

He never admitted to such claim sir.

bemeruca:
Republicans or conservatives don't riot, aside from the exception of the capitol.

Agreed republicans rarely do protests, but they are good at conspiracy.

bigwig071:
X

That's is not an answer. You said USA army are going to remove Chinese army from the world map in weeks. That is what we called a "final statement."


Now it left for you to tell us how they gonna do it analytically.

WriteerNg:
⚡Britain warned Lebanon that Israel was planning to attack it - Al-Akhbar

Lebanon’s Al-Akhbar newspaper reports that Lebanese officials have received warnings, especially from Britain, through diplomatic channels that Israel is about to launch a war against Lebanon, estimated to begin in the middle of June for an unknown duration.

That will be costly for Netanyahu and his cohort, Israel definitely isn't ready for a war with Hezbollah.

bigwig071:
it's not by number... us army alone can remove China from the map within a week... but the world don't need that

How are they gonna do that sir?