₦airaland Forum

SmartPolician:
Stop commenting on topics you know nothing about

And you think you know anything on the topic?

He's actually right and you are wrong.

helinues:
How many months now have they been debating this?

The fact remains that it became serious under Tinubu.

Even the tax law took 2 years plus before it was passed. So why are you having problem with how long it's taking the state police law to be passed?

nairalanda1:
LOL..the harsh truth is that most states cannot fund state police. Even those wey dey sign am, dem dey do am because tinubu wants to be releected, and tinubu wants to show that he is restructuring nigeria to win votes, expecially from the south.

The cold reality is most states cannot fund or equip state police. When push comes to shove, dem go call army to do heavy lifting.

I just dey laugh at the process. Your federal government cannot fund NPF. And it is states with lower resources that would fund state police?

Even if it's only one state in Nigeria that will be capable capable of funding state police today, just let the law be there.

Even with the amendments, states will still have to domesticate their own police laws before it can be established.

thomas2024:
If state police can be achieved, I’ll give the Chicago drug lord a BiG THUMB UP. I never support his policy or like him for anything but for this one, he won my heart but I still never kojẹ.

Did he ask for you to like or support him?

Keep your like and support to yourself.

helinues:
Even if there is going to be consideration for the state police, it has to be far after both presidential and governorship election

So a once in 4 years election is more important than the lives of people?

See what politics have done to you guys.

Please, I need a past question for the aptitude test for engineering.

19 years later and I'm seeing this.

AMINDA:
Lol. Isn't this too much "agidi" for a man that cannot win his own state of origin without begging the opposition givernor for an endorsement? I thought Tinubu was Awolowo's reincarnate? You all said worse than this about Adeleke and kept chanting "defeat is imminent" until he dealt Tinubu and the entire APC machinery a decisive blow. The tune has now changed to "Tinubu supported Adeleke" and "Adeleke please remember your promise. Agreement is agreement". Have you all got no shame?

Seyi Makinde is the new project now but the tune will change to begging if he defeats your Tinubu as he is definitely set to do. No be una again? Tinubu has being demystified. From grandstanding, he has now being reduced to begging Adeleke for an endorsement. All these is happening within his own Southwest o. We haven't even spoken about his popularity in other regions. Tell Tinubu to focus on winning the Southwest first. Tinubu is the first president to be banking on the support of governors to deliver him from defeat.

P.S: He better make that call to Seyi Makinde and tender an unreserved apology now before it's too late.

Till then.

AMINDA:
Are the people of Osun aligned with Tinubu? That's the only alignment that matters. Dele Momodu and several ADC chieftains supported Adeleke in the election. Atiku also met briefly in private with him in his visit to the state. Atiku does not need to win Osun in 2027 but Tinubu is highly unpopular in his own homestate. That says a lot. He currently needs Adeleke more than Adeleke needs him, yet he continues to withhold the local government funds in Osun state. It is wickedness and unbecoming of a president who just wants to win at all cost. The people of Osun have shown that they are sophisticated and independent. Proper Omoluabis, unlike Tinubu and his NADECO pretenders.

If you think Atiku or any other person will win Tinubu again in the 2027 election then it means you don't want to wake up from your slumber.

AMINDA:
Lol. Politicians won elections in the North by relying on Buhari’s popularity but here is Tinubu pathetically relying on 36 state governors to deliver him come 2027. Tinubu will need more than Adeleke's endorsement to overturn his massive unpopularity in his own backyard in Osun. APC had 21 governors in 2023 but Tinubu only won 12 states. Half of those 12 were not APC-governed states.

Let me tell you something about next year's election and you should screenshot it.

1. Tinubu will not lose any of the states he won in 2023. Not a single one.

2. Tinubu will win some states he lost in 2023.
He will win states like Lagos, Osun, Edo, Delta, Bayelsa, Plateau, Kaduna etc.

3. The worse you guys will do is to cry that the 2027 election was rigged. You won't do more than that.

IN 2023: Frank UBA was given a double promotion over his seniors “ Bolu” Tweeted that no one is shouting nepotism now o

Pic 2: Mr Iyke commented that it's based on merit

Pic 3: Adeogun told Iyke Don't complain if it's another person

PIC 4: “2026” Same Iyke, Same iyke

Dem go whine you but no panic.

Racoon:
"Westberg, who is the Registrar of the university, speaking under oath, specifically told the court that he was seeing the Diploma certificate copy for the very first time in the instant proceedings.

For example, the witness admitted that the Institution had no board of trustees in 1979, as against the claim in the certificate Tinubu submitted to the electoral body.

When pressed on the signatures on other certificates issued in 1979 and the one Tinubu submitted to INEC, the witness admitted variations in signature, logo, and seal.

Specifically, Westberg pointed out that the signature on the replacement certificate of Tinubu matches certificates issued in the 1990s and not those of 1979, as claimed by the President.

"CSU: Certificate Tinubu Submitted To INEC Not Our Document."
https://dailypost.ng/2023/10/04/chicago-state-university-certificate-tinubu-submitted-to-inec-not-our-document/

Please God, make sure the opposition bring this certificate forgery case again in 2027 after their asses has been thrashed in the poll.

O God in heaven, like Pharaoh in the Bible, give them a reprobate mind to keep on pursuing this case that leads them nowhere.

Make them labour in vain for all of eternity.

Thank you God for answering my prayer in Jesus mighty name I pray. Amen!

https://www.bbc.com/news/world-africa-67067854#amp_tf=From%20%251%24s&aoh=17416234625999&referrer=https%3A%2F%2Fwww.google.com

OneCandleAway:
No one said he didn't attend the college.

What we say is the entry qualifications he used to enter are false. They belong to a dead bola Tinubu who was female.

So why are you guys saying he forged his certificate?

Brendaniel:
It doesn't still change the fact that the value Nigeria will pay back in crude oil is about 11 billion dollars at 65$ per barrel

Shalom.

Brendaniel:
I've read the contract part and I have explained this before, it still doesn't remove the fact that Nigeria may still lose almost 9 billion dollars for that loan, the calculation I did covers payment at a static prize.

If you notice throughout the contract they never stated an amount that will be paid back, instead only in barrels and those barrels have to be met with a benchmark 0f 65$ per barrel, the calculation I did used the benchmark throughout the period of the loan which still brought the figure of about 11 billion dollars, so the loss does not have to do with price change.

go back and read what I read what wrote there with screenshots

https://www.nairaland.com/8184573/buhari-administration-used-crude-mortgage/1#131511142

Nigeria is still paying about 11 billion dollars in value whether price changes or not because the payment is pegged at 65$ per barrel with a total amount of crude oil to be sold.

My first screenshot matters.

What Cable news provided wasn't the contract but their opinion on the contract.

The NNPC Chief spokesman has explained the contract (in the vanguard link I sent)- he explained how the payment is, and that's what I'm going with.

Good bye.

Brendaniel:
What you sent now has no detailed explanation like what the cable gave, I need detailed explanation not praises

This is the clarification from NNPC that you were arguing with.

Read it again, line by line. Anywhere you don't understand, screenshot it and post it in an AI so the AI will explain simple English to you.

https://www.vanguardngr.com/2024/01/understanding-project-gazelle-3-3-bn-crude-loan-from-afrexim-is-short-mid-term-solution-to-fx-shortage/amp/

Brendaniel:
The screenshot I posted was just calculation, read the news here and help yourself, you guys just display so much arrogance mixed with ignorance

https://www.nairaland.com/7958474/nigeria-pay-11.85-interest-3.3bn

Oga, the Cable's report is their (Cable news) own interpretation of the Project Gazelle, that's why it's called an "exclusive".

The Vanguard report is the clarification of the issues surrounding project gazelle. This clarification was done by NNPCL themselves through their Chief communication officer, Femi Soneye.

My main argument with you was that your argument on the screenshot of Vanguard which was as clear as daylight. You looked people in the eyes and lie.

What the report (the screenshot from vanguard) said was different from your interpretation. You were literally calling black white because of hate.

Brendaniel:
It is clear you didn't read the terms of the contract, go and read the terms of the contract before coming back to reply me...

I'm only replying to what I can read in the screenshot that you're arguing with.

That screenshot is black and white. It is very clear.

And I'm sure you haven't seen any contract. Whatever you know about project gazelle is what you've read on the news just like me.

Brendaniel:
That is the same thing I am telling you, do you understand mathematics at all?

Price is pegged at $65 per barrel to be paid in 5 years at 90,000 barrels per day...

Let's say price now increased to $130 per barrel, if it remains at $130 for the next 2.5 years, the entire debt will be cleared because of the sharp difference in the pegged price and the increase but you are forgetting that the value remains the same:

Do the maths:

Nigeria will still pay the same 10 billion dollars for 3 billion dollars loan

It's so sad that I saw this thread a year later.

But if you remove hate from your eyes, whatever was written there was in black and white. Audible to the deaf and visible to the blind.

If oil price increase, the extra amount will be kept by the seller/company/Nigeria not the lender/Afriexim bank.

I even had to use ChapGPT to see if I wasn't confusing myself, and here was what the AI said.

shortgun:
It’s not a matter of belief.
[b]The benefits Bola Tinubu enjoys as a former Lagos State governor are backed by an actual law.
Lagos State Public Office Holder (Payment of Pension) Law No. 11 of 2007.

It includes
1 house in Lagos and Abuja
Six new cars for ex-Governor (plus pilot and backup vehicles) and two cars for ex-Deputy, renewed every three years.
Furniture Allowances—300% of incumbent governors basic salary
Car maintenance —30%
PA—25%
E.T C

The original version of that law was so outrageous that it sparked widespread public backlash, leading to a revision and reduction of its provisions.
This law is publicly available

Can you show proof that Tinubu is actually accepted collecting his pension.

Do you even know that Anambra has similar pension laws for ex Govs and deputy Govs and the law was signed into law by Peter Obi himself.
He has said he doesn't collect his. Even Fashola has said he doesn't collect his.
Many Governors has said they don't collect theirs.

So show me where Tinubu collected his.

KaLuCh:
Uhm? So the government should never subsidise commodities for its citizens? You do understand that's part of the government's reasonable duties?

To be cntd

The government should only subsidize when there's enough fund to do so.

How to you subsidize your country to destruction?.

You subsidize to the extent that only $4bn was left in the reserves (net reserve) ?

shortgun:
Here is what Tinubu is taking from Lagos state as an ex governor.
1 house in Lagos + (if 2-term) 1 in Abuja
6 new cars every 3 years (or equivalent detailed fleet)
Annual Pension 100% basic salary for life
Furniture  Allowances(300%) of basic salary
House 10%
Utility 20%
Car 30%
Entertainment 10%
PA 25%
Domestic Staff
Pensionable staff provided
Free medical for governor & his family members
8 policemen + 2 DSS operatives for his security

Do you actually believe this?

"I will copy Egypt" Copy what?

First question. Do you have the money? Egypt has borrowed roughly $40bn on power alone. The El Dabaa Nuclear plant alone costs $29bn. It's financed by Russia. Their national grid upgrade project costs $8bn. Egypt's debt is $262bn, 91% of GDP.

Egypt has borrowed nearly Nigeria's total external debt of $45bn on power alone. Let's even assume that we have a president who is ready to take on huge debts. Who will lend you money within 2 years? Will the Senate even approve the loan? How will you pay back in a country whose citizens want you to keep fuel, FX, and electricity subsidies? They will also complain that the president is borrowing too much.

You think electricity drops from the sky? 🤡

AMINDA:
I know you're embarrassed but why argue over something that is easily verifiable. This was as far back as October 2024 and the Worldbank is not the only financial institution Tinubu is borrowing from. What's worse is that there's absolutely nothing on ground to show for these loans. Just admit that Tinubu is overrated.

Cl0wn.

The DMO is the official records of public debts in Nigeria and below is what they have to say.

FG debt as at December 2023 was $37.9bn (external)+ $59.2bn (domestic) =$97.1bn.

FG debt as at December 2024 was $41bn (external) +$45. 9bn = $86.9bn. As you can see, there's a reduction and not an increment.

If we compare only the external debt of both years, the difference is $3.1bn. It means Tinubu borrowed $3.1bn external debt. So where is this $6bn World bank loan coming from?

If you even have sense and you know how institution works, you would know that WB cannot give $6bn in less than a year.
You think world bank loans is like those online loan app that you can just collect?

AMINDA:
Try again. Two years gone and the only thing they have to hold on to as an achievement is "bold reforms". Even though the data shows that they have borrowed more in 2 years than the whole 8 years of Buhari where everything was subsidised. So, what's the whole point if Nigerians are now more poorer with nothing to show?

Tinubu's government has borrowed less than $3bn since inception. Stop the lies.

Ofunaofu:
Op, stop confusing recklessness with reform. Removing fuel subsidies without building a safety net isn’t bravery; it’s negligence. Floating the naira without stabilizing policies isn’t economic genius; it’s malpractice.

What we’re witnessing isn’t “legacy over elections”; it’s crisis over competence a bold dive into chaos dressed up as reform. And no, that’s not political will. That’s political willful ignorance.

You guys still haven't given us the alternatives given the reality that Tinubu met the country.

Let me give you some of the realities Tinubu met on ground as at May 29 2023, then you give me a better alternative.

For fuel subsidy.
1. When Buhari signed the PIA in August 2021, the implementation (one of which fuel subsidy was to be removed) was to be done in 6 months time which was February 2022.

In February 2022, Buhari then extended the implementation by 18 months which was June 2023.
So the 2023 budget covered fuel subsidy up until June 2023.
So tell me how Tinubu that entered May ending would have continued paying it.
Would he have spent money out of budget which is illegal?
Would he have proposed a N3.4tn (that was how much paying fuel subsidy from June to December would have cost) supplementary budget to the NASS in June just for fuel subsidy payment?

Now let's assume he was able to get the NASS to approve the supplementary budget, where would have have gotten the funding from? Would he have borrowed? The Jan-June subsidy was borrowed, even the 2022 subsidy was borrowed. So would Tinubu also borrow this one too?

Also let's assume he was able to fund the fuel subsidy.. How would he also have funded this safety net you guys keep talking about? Would have borrowed to fund fuel subsidy and also borrowed for the safety net?
If he did borrow, for how long will the money last before another round?

Also, the fact that he ended fuel subsidy on day one took everyone unaware. The opposition, NLC, NANS and any anyone else wouldn't have possibly protested on the first day of a President. Their conscience wouldn't have allowed it.

There's no amount of explanation or safety net Tinubu would have put, the truth is that no one wants to pay more for fuel. And the opposition would have used that to force the President not to end fuel subsidy.

2. Naira floatation.
Nigeria was already in a forex crisis when Tinubu came onboard. There was a $7bn trapped funds with foreign airline's reaching over $800m.
Our net reserves was an all time low (about $3bn). So where would we have gotten forex to fund imports?

The economy was virtually at a verge of collapsing and only a drastic measure would have saved it.

So my brother, please give an alternative to the points I mentioned.

advanceDNA:
It's even funny that the pple in power packing the common wealth of 200million Nigerians in their pocket are telling nigerians that a private citizen spending his own money is deceiving them......
I tire for politicians ...

Why was that private citizen telling us that wrist watch is just to tell time so one wrist watch is enough?

Good2go1:
Peter is the major importer of champagne so it is naturally for him to have it at home.

Yet we should hype him for wearing 2 pair of shoes and one wrist watch?

The lawmakers are dvmb.
Why keep the 30% corporate tax.

Very senseless lots.

The easiest job for any President - truth be told - is to do absolutely nothing. Yes, to fold hands, maintain status quo, and coast through the corridors of power on autopilot. In fact, if you're desperate for a second term, that’s the golden ticket: change nothing, rock no boat, ruffle no feathers.

Now, what does “status quo” mean in the Nigerian context?

1. Keep borrowing to fund fuel subsidy, and when the creditors start giving you side-eyes, activate the infamous “Ways and Means” - just print more money. And if that still doesn’t cut it, sell off national assets like family heirlooms at a distress sale. As long as the people can say “fuel was cheap during your time,” who cares about the fiscal recklessness? Whatever the cost, give the illusion of comfort.

2. Prop up the naira with subsidies till it's a house of cards. Let foreign investors gnash their teeth trying to repatriate profits. Let the reserves bleed dry. As long as the street can shout “₦400 to a dollar!” in your name - even if it’s just on paper - you’ll be hailed as an economic magician. Whatever the cost, give the illusion of strength.

3. Don’t touch the tax regime. That’s sacred ground - lest you offend governors who think fiscal reforms are a personal insult. You need them singing your praises come election season. So, smile, nod, and keep the deadwood tax system alive, whatever the cost.

4. Forget any audacious infrastructure dreams. Lagos-Calabar Highway? Too bold. Too dusty. Too disruptive. People will ask why it's not their region first. Or scream, “What has that got to do with the price of rice?” Stick to the old playbook: ground-breaking ceremonies with Fuji stars, golden shovels, and the famous 2-coach foundation block. Smile for the cameras, do nothing afterward, and resurrect it as campaign promise when the next election comes knocking. Whatever the cost, protect the optics.

5. Student loans? For heaven’s sake, no! Why stir the hornet’s nest? Innovation breeds misunderstanding. Keep tuition fees low, even if it means unpaid lecturers, poorly funded schools, and indefinite ASUU strikes. Let students spend 7 years on a 4-year course - as long as the fees are cheap, they’ll adjust. It’s the Nigerian way, after all.

---

BUT WHAT DID BAT DO?

The exact opposite.

Being a seasoned politician, we thought he’d toe the line - secure the throne first, govern later. But lo and behold, the man flipped the script. He placed vision over ambition, governance over politics, legacy over elections.

He dared to do what many only discussed behind closed doors. Where others danced around tough decisions, he dived headfirst. And for the first time in a long time, we saw political will in action - not just campaign grammar.

Nigeria's problem has never been about the absence of ideas. We have ideas in excess - our real deficit is courage. The guts to act. The will to lead. And in Asiwaju Bola Ahmed Tinubu, we have a man who not only knows how to win elections but also the rare courage to govern in spite of them.