₦airaland Forum

Image123:
Are you okay at all? Is governemt not a continuum? Is what the current government doing not going to affect the next government and generations? If your fore fathers did what the Dangotes and Dantatas were doing, will you be at your current state? If we had built our own Dubai Mall and Metro instead of saving the money, will we not be making our billions of dollars from it annually today? Would any government deceive you today about wanting to build road?

Godfullsam:
How much was your earning in 2006? Compare and contrast.

I don't support this government though, but you can only shout inflation if your earnings remain constant between these periods or if the national minimum wage remains constant between 2006 and 2025 or if the money in circulation remains the same.

BlackViper:
https://x.com/StatiSense/status/1953857600275001450?t=wPf_tNDHFgteL0OVVTlBYw&s=19[/quote]Oga Freestuffsng, could you please ask your quartus economist to give this inflation statistics a rebase.

FreeStuffsNG:
https://www.thecable.ng/report-manufacturing-sector-lost-n1-2trn-in-four-years-but-recovering-under-tinubu/

ibabz:
I don’t understand what you guys meant by this statement “ There's inflation all over the world and the world can not be stagnant”. In a sane country when the prices of goods rise, the government will adjust the minimum wage to be able to accommodate the inflation or provide subsidies in the essential commodities like food and health. Pls tell me one thing that Nigerians enjoy as a citizen of this country under Tinubu government, just one thing.

ibabz:
It was an honest debate and discussion about government and their deceit but you decided to add family. If I decided to answer you according to your folly people would say I’m too harsh. Can’t you people just talk without going personally especially with someone you don’t know anything about? Is that too hard for your brain to comprehend ?

VeeVeeMyLuv:
My brother this party called APC have drastically reduced the quality and standard of life of Nigerians

That is just the painful truth.

anonimi:
May 1, 2025

May Day: Hunger, unemployment, insecurity real— Tinubu

According to him: “The theme demands our collective attention and serves as a stark reminder of the need to create an environment where every worker feels safe, valued, and empowered to contribute to the growth and prosperity of our nation. As your President, I assure you that this administration is committed to creating such an environment for the common good.”

On the economic hardship, he noted that while it is a global phenomenon, its effects on Nigerians are particularly severe.

Tinubu said: “I am aware of the peculiarities of the economic hardship Nigerians face—rising living costs, hunger, insecurity, unemployment, and the loss of livelihoods. These challenges are real and demand definitive solutions, which I am poised to address as your President.

https://www.vanguardngr.com/2025/05/may-day-hunger-unemployment-insecurity-real-tinubu/

Psalmistproject:
Wrong stats!
Why do you intentionally want to deceive gullible readers with this your garbage.?

Or do you lack the ability to do a thorough research. As at 1987 rice was around 1300 naira.
Please go and review your post and make necessary corrections.

ibabz:
It was an honest debate and discussion about government and their deceit but you decided to add family. If I decided to answer you according to your folly people would say I’m too harsh. Can’t you people just talk without going personally especially with someone you don’t know anything about? Is that too hard for your brain to comprehend ?

Believeintruth:
The way you people twist facts ehnnn even Satan will marvel. You assume Nigerians are naive abi!! Tinubu destroyed the value of the naira by more than 500% even in black market the value of the naira plunged. The rushed subsidy removal without any plan even worsened the situation. Inflation rose by more than 300% from 2023 to 2025 far more than Buhari and GEJ.

Putinofrussia:
So also is 100k in 2006 cannot buy what 8k can buy in 1987.


In1990, a 50k bag of rice cost N350.

In 2006, a 50kg bag of rice in Nigeria cost ₦6,000.


In 2025,a 50k bag of rice cost N70,000.
Let us do the maths.

6000 divided by 350 gives ~ 17.

70,000 divided by 6000 gives ~ 11.6= 12(approx)


Comparing the two with the space of 16 and 19 years,Tinubu has done better because price went up 17 times in 1990 (space of 16 years to 2006) even with the fraudulent Fuel Subsidy.

In 2025,with the removal of the fraudulent Fuel Subsidy,price only went up approximately,12 times (and things are still coming down exponentially, we pray)



Kudos to President Tinubu for having got the gut to make these hard decisions that brings prosperity to Nigerians soonest..

Putinofrussia:
So also is 100k in 2006 cannot buy what 8k can buy in 1987.


In1990, a 50k bag of rice cost N350.

In 2006, a 50kg bag of rice in Nigeria cost ₦6,000.


In 2025,a 50k bag of rice cost N70,000.
Let us do the maths.

6000 divided by 350 gives ~ 17.

70,000 divided by 6000 gives ~ 11.6= 12(approx)


Comparing the two with the space of 16 and 19 years,Tinubu has done better because price went up 17 times in 1990 (space of 16 years to 2006) even with the fraudulent Fuel Subsidy.

In 2025,with the removal of the fraudulent Fuel Subsidy,price only went up approximately,12 times (and things are still coming down exponentially, we pray)



Kudos to President Tinubu for having got the gut to make these hard decisions that brings prosperity to Nigerians soonest..

Godjone:
Nigeria is gone except we allowed the person who will be prudent in finance to handle the country and the person is no other but OBI

VeeVeeMyLuv:
My brother this party called APC have drastically reduced the quality and standard of life of Nigerians

That is just the painful truth.

Putinofrussia:
It will get better.Nigeria was borrowing money to pay for fuel subsidy and defending fx.
When Buhari had problem borrowing,he printed 30 trillion naira,after he exhausted that,they use fuel to borrow money for 5 years.
Meanwhile,ASUU went on strike for 8 months because there was no money to pay them,workers,pensioners,doctors etc were owed money,airlines were owed $7 billion, Nigeria and states were going bankrupt and a load of other ills.
If it went on like that,it would have been worse than this and it might even end in another civil war.
A lot of people were stealing the little oil we were producing...powerful people in govt and out of govt and their cohorts.
It would be a battle for the fittest.
Now,according to FITCH ratings,Poor's ratings,World Bank,IMF...Tinubu has grown the economy (but not felt by the masses ).
Tinubu has paid off the $7billion,paid off IMF more than $3 billion he met on ground etc.

The pain we are going through is what is called transition pain that has eased than last year and it will get better.
Rome was not built in a day.
Go and write it down,before 2027,there will be prosperity for Nigerians.
The key word is a little patience.
For your information,Nigeria's fuel still remains one of the cheapest in Africa.
Previous govts tied our lives to fuel,reason any little hike in price will seem as if the world is ending.
That has stopped. Prosperity is here...soonest.

The United States of America's debt has ballooned to $36.7 trillion, and out of desperation, the U.S. Government is accepting donations from citizens to reduce its indebtedness. The United Kingdom is facing a debt crisis that has seen its budget deficit hit £20.7 billion, and its debt level is now the second highest on record. And the biggest economy in Europe, Germany, is grappling with a €118.8 billion budget deficit.

Meanwhile, in Nigeria, President Bola Tinubu has reduced our national debt from the $113.7 billion he inherited from General Buhari to $97.1 billion today.

This is even as he is building the two largest road infrastructure in Nigeria's history, the 1068 kilometre Illela-Sokoto-Badagry Superhighway, costing ₦13 trillion, and the 750 kilometre Lagos-Calabar Coastal Highway, priced at ₦15 trillion.

Yes, there are still challenges here and there, but Nigeria has made significant progress under Tinubu. And the world is noticing. This is why more countries are granting Nigeria's passport visa-free access, leading to the latest Henley Passport Index upgrading Nigeria's passport from the 97th strongest under General Buhari to the 88th most powerful passport on Earth today.

EyeCumInPiss:
Fun fact:
Do you know that one seed of Groundnut🥜 is now worth over ₦2.

Next time you buy ₦100 groundnuts, take time to count them. They are not up to 50 seeds.

Kay17:
Let's assume you know how the FX market works.

I am sure you know it is about the demand and supply of dollars. The FGN is burning its reserves of dollars at such a flow and quantity to drop the price of the dollars. Obviously, it is trying to flood the FX market with dollars so it becomes cheaper to buy. But as you see, there is a cost to it. Everyone knows that this flooding strategy fails when FGN's reserves of dollars finish.

So it is not a matter of fiat or law that the FG fixes the price of dollars. It is with dollars which could be used for something else. In other words, opportunity costs for housing, security, food security, investment, healthcare etc. Remember the principal question of economics, "how do we satisfy our unlimited wants with our limited resources."

Tinubu had to slow down the flooding strategy. it will be a shame if we return to the full measure of the strategy.

fortunez1:
This comment made me appreciate Tinubu today, I'm a father of 3 with a wife struggling, I have this hope that things will turn completely better for Nigeria after 8yrs of Tinubu tenure because he will improve the govt system and ease of money making. His good when it comes to statistic and that's a good criteria for goal achievement.

Putinofrussia:
So also is 100k in 2006 cannot buy what 8k can buy in 1987.


In1990, a 50k bag of rice cost N350.

In 2006, a 50kg bag of rice in Nigeria cost ₦6,000.


In 2025,a 50k bag of rice cost N70,000.
Let us do the maths.

6000 divided by 350 gives ~ 17.

70,000 divided by 6000 gives ~ 11.6= 12(approx)


Comparing the two with the space of 16 and 19 years,Tinubu has done better because price went up 17 times in 1990 (space of 16 years to 2006) even with the fraudulent Fuel Subsidy.

In 2025,with the removal of the fraudulent Fuel Subsidy,price only went up approximately,12 times (and things are still coming down exponentially, we pray)



Kudos to President Tinubu for having got the gut to make these hard decisions that brings prosperity to Nigerians soonest..

Kay17:
Let's assume you know how the FX market works.

I am sure you know it is about the demand and supply of dollars. The FGN is burning its reserves of dollars at such a flow and quantity to drop the price of the dollars. Obviously, it is trying to flood the FX market with dollars so it becomes cheaper to buy. But as you see, there is a cost to it. Everyone knows that this flooding strategy fails when FGN's reserves of dollars finish.

So it is not a matter of fiat or law that the FG fixes the price of dollars. It is with dollars which could be used for something else. In other words, opportunity costs for housing, security, food security, investment, healthcare etc. Remember the principal question of economics, "how do we satisfy our unlimited wants with our limited resources."

Tinubu had to slow down the flooding strategy. it will be a shame if we return to the full measure of the strategy.

fortunez1:
This comment made me appreciate Tinubu today, I'm a father of 3 with a wife struggling, I have this hope that things will turn completely better for Nigeria after 8yrs of Tinubu tenure because he will improve the govt system and ease of money making. His good when it comes to statistic and that's a good criteria for goal achievement.

malali:
Nearly 3 years in, currency devaluation and subsidy removal haven’t lowered prices. Interest rates at 30% crush retirees and the vulnerable, over 70% of Nigerians lack formal paychecks to cope.

The government’s silence on targeted relief deepens suffering, families struggle with basics, small businesses fail, and poverty worsens.

Putinofrussia:
So also is 100k in 2006 cannot buy what 8k can buy in 1987.


In1990, a 50k bag of rice cost N350.

In 2006, a 50kg bag of rice in Nigeria cost ₦6,000.


In 2025,a 50k bag of rice cost N70,000.
Let us do the maths.

6000 divided by 350 gives ~ 17.

70,000 divided by 6000 gives ~ 11.6= 12(approx)


Comparing the two with the space of 16 and 19 years,Tinubu has done better because price went up 17 times in 1990 (space of 16 years to 2006) even with the fraudulent Fuel Subsidy.

In 2025,with the removal of the fraudulent Fuel Subsidy,price only went up approximately,12 times (and things are still coming down exponentially, we pray)



Kudos to President Tinubu for having got the gut to make these hard decisions that brings prosperity to Nigerians soonest..

yemre:
Very good.

FYI, minimum wage in 2006 was 3,000 but today it is 70,000. As for subsidies, the government has, before now, heavily subsidized petrol but got tired when it was abused by the so called elite, who imported fuel, got the subsidy differentials from the government and still moved the fuel to other African countries for sale at exorbitant rates, thereby, shortchanging the masses and creating undue fuel scarcity and making the people to suffer for something that had already been subsidized by the government.

Why do you think the other countries like Benin Republic and Cameroon do not pay subsidy?

In exchange, Tinubu came, removed the subsidy and channeled the excess into massive infrastructural development. We have not witnessed massive infrastructural development like this in decades.... and his government is just two years old.

He empowered your state governors by multiplying their monthly allocation for the benefit of their states and people but you people would not even look in that direction. It is Tinubu. He also triggered grassroots development by pushing for Local Government Autonomy and their allocations paid directly to their LG accounts but you people will still not hold your local government chairmen accountable.

Yet, you guys would keep claiming that you've never seen anything Tinubu government has done.

The stock market and it's players are there smiling to the bank and thanking God for emergence of Tinubu as the president.

If by now, even in just two years, you still haven't seen anything he's done, then, I don't know what to tell you.

fortunez1:
This comment made me appreciate Tinubu today, I'm a father of 3 with a wife struggling, I have this hope that things will turn completely better for Nigeria after 8yrs of Tinubu tenure because he will improve the govt system and ease of money making. His good when it comes to statistic and that's a good criteria for goal achievement.

Putinofrussia:
So also is 100k in 2006 cannot buy what 8k can buy in 1987.


In1990, a 50k bag of rice cost N350.

In 2006, a 50kg bag of rice in Nigeria cost ₦6,000.


In 2025,a 50k bag of rice cost N70,000.
Let us do the maths.

6000 divided by 350 gives ~ 17.

70,000 divided by 6000 gives ~ 11.6= 12(approx)


Comparing the two with the space of 16 and 19 years,Tinubu has done better because price went up 17 times in 1990 (space of 16 years to 2006) even with the fraudulent Fuel Subsidy.

In 2025,with the removal of the fraudulent Fuel Subsidy,price only went up approximately,12 times (and things are still coming down exponentially, we pray)



Kudos to President Tinubu for having got the gut to make these hard decisions that brings prosperity to Nigerians soonest..