₦airaland Forum

Spy360:
Apart from supporting a drug lord as president, you be better guy. My guy. 😎

diggz:
Luxury car and N15 million in the same sentence in 2025’s Nigerian economy— how now?

diggz:
Luxury car and N15 million in the same sentence in 2025’s Nigerian economy— how now?

Spy360:
Apart from supporting a drug lord as president, you be better guy. My guy. 😎

ChristineC:
maybe used

THIS present administration has got many things to worry about. Insecurity is one of them. The high cost of living is another. The worst appears to be hunger and extreme poverty, which could trigger unrest with debilitating consequences. The government should act fast to arrest this ugly situation.

Worried by the situation, the Catholic Bishops’ Conference of Nigeria recently warned that the economic reforms initiated by the Bola Tinubu administration have triggered sky-rocketing inflation and pushed more Nigerians into poverty.

The bishops merely reiterated what Nigerians already knew. In the 2022 Global Hunger Index, Nigeria was on the list of the 10 hunger-ravaged countries in the world.

In 2023, it was among the 22 countries classified as hunger hotspots in the world. The situation is worse in the North-East, where over four million people are on the danger list of food insecurity.

The World Bank Food Security Update Report, released in September 2024, noted that the number of people facing acute food shortage in Nigeria increased by 28 per cent in 2023. Also, 82 million Nigerians, or 64 per cent of the country’s population, may go hungry by 2030, per the UN.

The Food and Agriculture Organisation (a UN agency) projects that over 31.1 million Nigerians faced the risk of acute food insecurity during the lean season between June and August 2025.

The Archbishop of Owerri and President of the CBCN, Lucious Ugorji, amplified that scenario in his speech at the opening session of the 2025 First Plenary Meeting of the conference in Abuja.

Quoting the World Bank, which projected that 129 million Nigerians lived below the poverty line, Ugorji added that the 2024 Global Report on Food Crisis listed Nigeria in second place globally in the acute food insecurity index.

Many Nigerians are frustrated, confused and sad. In August 2024, disturbing hunger protests rocked different parts of the country. Some citizens have developed some form of mental illness, while some who cannot bear it have committed suicide.

The Presidency is wont to defend the Federal Government policies despite criticism. On March 14, President Bola Tinubu met with the Catholic bishops in Abuja. He said the reforms were necessary to build a stronger country.

But reforms should have a human face. The sudden removal of the fuel subsidy on May 29, 2023, and the floating of the naira exchange rate devastated many individuals and companies.

Consequently, the naira has grossly depreciated. The prices of goods and services have quadrupled. Many Nigerians cannot feed. Many companies operate at a loss. Some multinationals have exited Nigeria. Factory closures and job losses ensued.

Rather than lead by example, the political leaders engage in luxury. Last year, the Presidency added another expensive aircraft worth $150 million to the Presidential Air Fleet. The new residence for the Vice-President gulped N21 billion.

Members of the National Assembly went home soon after their inauguration with sports utility vehicles worth N57.6 billion. The NASS leadership reportedly moves about in a convoy of luxury vehicles that cost the country over N7 billion. About N90 billion was spent to subsidise the 2024 Hajj. This is a shame.

The government must retrace its steps. Agriculture is a priority for many advanced countries because they do not joke about food security. South Africa embraced biotechnology and encouraged its farmers to use genetically engineered seeds, which has improved crop yields.

The Nigerian government should emulate this. It should encourage mechanised all-season farming and lower tariffs to aid the growth of the productive sector.

Tinubu should not just focus on raising revenue, he should also ensure favourable ease of doing business in the country.

Excessive borrowing should stop. The welfare of the people should be paramount in whatever the government does.

BlueRayDick:
Source- Punch Editorial

I don't know if it's just me that observed that anytime u step outside a mall, bank, market, hospital, normal neighborhood provision shop, fast food outlet/restaurant, outside your house, etc.; u will always meet at least one person who will approach u to ask for money to buy food due to extreme hunger in the land.

diggz:
Thanks for sharing, bros! I see they’re all Sienna vehicles, and the most recent model is from 2011, going for N17mil. Abeg, could you confirm if they are Nigerian-used or Tokunbo? Also, the key word for me here is '’luxury car,’’ and I still don’t see any in that photo, bros. Maybe Izzou can help us confirm something when he’s online!

diggz:
Thanks for sharing, bros! I see they’re all Sienna vehicles, and the most recent model is from 2011, going for N17mil. Abeg, could you confirm if they are Nigerian-used or Tokunbo? Also, the key word for me here is '’luxury car,’’ and I still don’t see any in that photo, bros. Maybe Izzou can help us confirm something when he’s online!

GloriousGbola:
i just decided on sienna

you can enter camry, rx, lx etc in jiji and you will see the prices.

even brand new chinko is not selling for 15m

i was asking for price of korope and brand new is 17m . brand new uber suzuki is 11m

izzou:
[color=royalblue] Prosperity is cumming

Beg today, build mansion tomorrow [/color]

izzou:
[color=royalblue]Cars not older than 2012 (Tokunboh) fall into the 15 million category.

I won't consider them luxurious though, because they are old.

So, in order to make them luxurious, we now "Upgrade"....2012 car will be upgraded to 2018 or 2020.

Interiors will be changed and tech accessories added.[/color]

izzou:
[color=royalblue]Cars not older than 2012 (Tokunboh) fall into the 15 million category.

I won't consider them luxurious though, because they are old.

So, in order to make them luxurious, we now "Upgrade"....2012 car will be upgraded to 2018 or 2020.

Interiors will be changed and tech accessories added.[/color]

GloriousGbola:
i just decided on sienna

you can enter camry, rx, lx etc in jiji and you will see the prices.

even brand new chinko is not selling for 15m

i was asking for price of korope and brand new is 17m . brand new uber suzuki is 11m. on the uber group someone said it is 22m

obainojazz:
When Toyota become luxury 🌝

GloriousGbola:
sienna has the same frame from 2008 to 2019 or so
so you can buy a 2008 sienna and throw the body of a 2019 sienna on it.

i actuality came across a 2009 sienna with 2012 body one time. horrible thing.

izzou:
[color=royalblue]Many of those upgrades look horrible.

And you're right, most cars maintain the frame of a model for up to 8 or 10 years.

Prados and Hilux are the major victims of upgrades [/color]

afrodoc2:
How much will a 2012 Kluger go for now?

izzou:
[color=royalblue]Many of those upgrades look horrible.

And you're right, most cars maintain the frame of a model for up to 8 or 10 years.

Prados and Hilux are the major victims of upgrades [/color]

afrodoc2:
The kind of close marking sha.

See gegenpress.

GloriousGbola:
wow wow wow

so that is the reason for the prevalence of all those late model hilux on the roads!
i was wondering where regular guys were getting the money for tear rubber hilux - when most companies are opting for chinko pickup or mitsubishi

izzou:
[color=royalblue]You guys call it Kluger, we dey call am Highlander for here.

This guy says his own is 21 million[/color]

https://www.nairaland.com/8372899/fresh-toks-2012-toyota-highlander#134598055

GloriousGbola:
goan ride ya luxury bicycle jare

afrodoc2:
The kind of close marking sha.

See gegenpress.

afrodoc2:
Thanks.

People are being priced out of little little goodies o.