₦airaland Forum

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.

$84bn from 2002 to 2022.

Let us see what $84bn can do.

$84bn can build 4 Dangote refineries.
$84bn can build 85,000MW of electricity.
$84bn can build 5800KM of coastal roads.

Yet we spent that money to make fuel cheap.

And even while spending that amount, fuel increased from N30 per litre in 2002 toN185 per litre in 2023.

pazienza:
But Tinubu is not from the North. It's obvious he rigged elections and numbers from the North.
The North had a candidate in the election in the person of Atiku.
The dynamics are not same with 1979!

Winning Lagos alone was never going to be enough when Shagari easily won the North and parts of SS.

It's

Going by your logic that Tinubu couldn't have won the North except via rigging, then it means it was Atiku that won the 2023 election and not even the Agulu fraud.

Cos 60% votes in the North is more than 100% votes in the South (especially the SE).

So Atiku won the 2023 election. 🤭🙂

pazienza:
Obi won Abuja and Lagos where the most civilised voters in Nigeria are domiciled and the most cosmopolitan parts of Nigeria.

Tell me exactly how you thought Awolowo won an election where Shagari was representing Arewa, Zik the Igbo and Awolowo the Yorubas.
Where would Awolowo have gotten to votes to offset the ones from the North?

Tell me how Obi won the 2023 election when he didn't get any significant votes in core Northern States which have the major voting strength.
His votes was swallowed in Kano, Kaduna, Katsina, Kebbi etc.
Yes Obi won Lagos, but his margin was infinitesimally small. Less than 10k votes above Tinubu.
So how was that going to win him the election?

Also, as for the 1979 election, Awolowo won Lagos (the then capital) with over 82% votes.
So why will you say he had no path to victory?

PS;
I hope you're smart enough to understand my last screenshot?

Jokay07:
This type of comments was the reason why I deactivated my twitter(X) account

The highest form of gaslighting nai be that.

Karlman:
Fact is Igbo ancestors were at Ife, yes, same Ile Ife, and I heard it first from the Oni of Ife. What I don't know is if they were the first to settle there, and that is where the government should dig up in earnest search for truth and fact.

And as for those of you jumping up and down over what you know next to nothing about, the present Igbo is not planning to come back to Ife for any reason, in fact it was the Oni himself that was asking Igbos not to forget they moved from Ife.

Let the government set up a committee of enquiry to look into history.

Igbos have been in Ife which the Oni himself spoke about severally that Igbos were once at Ife, and same as benin.

I heard Oni of Ife in a video telling Igbo people that they moved from Ife in the olden days.
Government should do a finding rather than dismiss the book entirely just to be politically right.

Going through comments on this threads showed how obviously there little number of learned people on nairaland. No brainstorming, no academic exchange, just blind and ignorant arguments from people who know next to nothing about the topic.

FYI Igbo ancestors were at Ile Ife, go and dig up. The question here is, we're they the first.

The Onni was talking about the Ugbo people not the Igbo people.

Go and read about the Ugbo people.

pazienza:
How was Shagari rigged?
So Yorubas actually believed Awolowo won the election in 1979?
How would that be possible? Where will Awolowo get the votes to offset the Northern numbers?
Madness.

So Ibos actually believe PitObi won the election in 2023?
How would that be possible? Where will Obi get the votes to offset the Northern numbers?
Madness.

More.

If you don't use your head, other person will use it for you.

They're out there to paint others in a bad light while protecting theirs.

Okoyiboz3:
If them no type am in Igbo, e no fit enter Obidients head.

Ayiri omo Ayipob

Those guys hate Tinubu nor be small.

DeLaRue:
It's so funny.

When Grog's response didn't go his way, he threw a childish tantrum, and virtually accused an inanimate object of impartiality.

That's what hate can cause.