₦airaland Forum

Brendaniel:
That is what I am telling you, I only used that as an example, From Buhari's time check the prices of goods and services, I deal on cars, all the cars we were selling as low as 700k in Buhari's time now go for as much as 3 million naira some even close to 4 million.

However if we use dollar value as you said and dollar value has taken care of inflation then allocations to states has almost doubled between 2023 and 2026.

lawani:
However if we use dollar value as you said and dollar value has taken care of inflation then allocations to states has almost doubled between 2023 and 2026.

You are not being realistic with your statement, how did the dollar value take care of inflation?

I bought #800 from NNPC filling station yesterday, they are even yet to sell less than that.

yemre:
Oga, are you in this country at all? Do you even know the meaning of deregulation? If you don't know something, you calm down, listen and learn.

The downstream is completely deregulated. So marketers and depot operators are free to fix their prices without the government intervention. That's the reason Dangote refinery has been playing ping-pong with the marketers because he refines his products and is able to toy with the importers that have other bills like shipping and logistics to deal with.

As it stands, if Dangote refuses to raise his own prices, you will see these same depots bring down their prices in the coming week because this would make the marketers buying from them to switch to Dangote and the depots will start losing business. Besides, it means more crowd for MRS and other outlets marketing Dangote's products.

You people just come out and be talking sha

Brendaniel:
You are not being realistic with your statement, how did the dollar value take care of inflation?

Is dollar inflation not affecting the dollar? You can't use naira inflation on dollar value. Do you want to say naira inflation affected dollar value?
According to the Osun example. Allocations to states have almost doubled by dollar value within 2023 and 2026

Brendaniel:
Naira devaluation, I have done the caluculation here different times, the allocation Buhari gave to states is still higher in value than what Tinubu is giving them now same with Jonathan

God bless your wisdom

Brendaniel:
You people will just come and be talking nonsense, 7.2m in 2012 has more value than 70 million in 2025, what does that tell you?

but what happened to the house you and the cars you bought for 7.2 m in 2012?,it has lesser value now…oga go and find something to do,there is no where in the world that value will remain constant,not even your age.

ki02020:
Abegiii

Stop this misinformation jare
Subsidy was not removed abi
How come the allocations to your states government increased with such margins

It increases in Naira because it's now a worthless currency.

Brendaniel:
You people just come out and be talking sha

You should have read further to where it talks about price control rather than just copy the part that appears to support your narrative. This your post is half information.

The government input in the prices now is in the areas of taxes and general revenue to the government, unlike before that the government will fix prices.

It's always good to read well and digest before interpreting and forming opinions on issues that's as sensitive as this.

Antoeni:
Of a Truth Subsidy Was Never Removed, It Was Given Another in The Budget, By This Present APC Government,

Mumu - where are the governors then getting the extra FAAC allocation funds from - Some of them now gets x2 to x3 what they used to get. Some of you are just dunce - not fit for public discuss.

They have started again.

yemre:
You should have read further to where it talks about price control rather than just copy the part that appears to support your narrative. This your post is half information.

The government input in the prices now is in the areas of taxes and general revenue to the government, unlike before that the government will fix prices.

It's always good to read well and digest before interpreting and forming opinions on issues that's as sensitive as this.

Why don't you post the full information and prove me wrong, you are now changing goal post, initially you claimed government does not regulate price again, post the full information, and if the government can control the prices through taxes and the revenue like you claim, why are they not intervening?

Are you saying that the agencies the government is spending billions to run every year as price control agencies is useless to the citizens?

Breakdown of borrowings
The breakdown of the FG borrowings so far this year show that it borrowed N11.43 trillion in 10M’25 through Treasury Bills (Primary Market Auctions), representing a 4.6 per cent, year-on-year, YoY, increase from N10.925 trillion in 10M’24.

The FG, however, reduced its borrowing through FGN Bonds by 22 per cent, YoY to N4.042 trillion in 10M’25 from N5.15 trillion in 10M’24.

But borrowing through the FGN Savings Bond auction rose by 5.6 per cent, YoY to N40.19 billion in 10M’25 from N38.06 billion in 10M’24.

Similarly, FG raised its borrowing through Sukuk Bond issuance to N300 billion in 10M’25 from zero issuance in 10M’24.

ki02020:
Abegiii

Stop this misinformation jare
Subsidy was not removed abi
How come the allocations to your states government increased with such margins

Lanretoye:
but what happened to the house you and the cars you bought for 7.2 m in 2012?,it has lesser value now…oga go and find something to do,there is no where in the world that value will remain constant,not even your age.

Chai, see how someone is sounding because of tribalism, it is in Tinubu's regime I knew that tribalism can make intelligence, smartness, logic, education and so on useless, even a professor can start behaving and acting irrational because of tribalism...

franchasofficia:
God bless your wisdom

Amen, thank, you.

Christmas done finish

lawani:
However if we use dollar value as you said and dollar value has taken care of inflation then allocations to states has almost doubled between 2023 and 2026.

I have explained this here before, go back and read it, follow up with those who brought their arguments like you and and my responses back to them...

https://www.nairaland.com/8541817/faac-which-state-received-highest#137158921

Brendaniel:
I have explained this here before, go back and read it, follow up with those who brought their arguments like you and and my responses back to them...

https://www.nairaland.com/8541817/faac-which-state-received-highest#137158921

I don't know what you are talking about
In 2023 Osun budget was like 138 billion naira which will be like say 200 million dollars then. I am not sure of the exchange rate. In 2026 the budget is like 740 billion naira which is like 500 million dollars now. Osun is not doing any significant igr. If you go to Enugu that does igr the difference will be far more pronounced

ki02020:
Abegiii

Stop this misinformation jare
Subsidy was not removed abi
How come the allocations to your states government increased with such margins

you nor dey Nigeria? If Subsidy was not removed, from where can you land petrol at even N900 in the world??
The state allocation increased cos FG increased the % of share to the states from the now named stamp duty to 50% ,borrowed and raised its stake in treasury bills amongst other things.

ki02020:
Abegiii

Stop this misinformation jare
Subsidy was not removed abi
How come the allocations to your states government increased with such margins

"Allocations to your states increased," while tinubu's borrowing is drowning the country.

Agbado munchers

Brendaniel:
Chai, see how someone is sounding because of tribalism, it is in Tinubu's regime I knew that tribalism can make intelligence, smartness, logic, education and so on useless, even a professor can start behaving and acting irrational because of tribalism...

if you can’t live with tinubu regime,may be you should die

Lanretoye:
if you can’t live with tinubu regime,may be you should die

For speaking the truth? No...

You will keep hearing the truth...

lawani:
I don't know what you are talking about
In 2023 Osun budget was like 138 billion naira which will be like say 200 million dollars then. I am not sure of the exchange rate. In 2026 the budget is like 740 billion naira which is like 500 million dollars now. Osun is not doing any significant igr. If you go to Enugu that does igr the difference will be far more pronounced

Governors differ when it comes to budget, do you know all the sources of the funding of the budget? do you know if loans will cover a lot?

same with presidents...

Brendaniel:
Governors differ when it comes to budget, do you know all the sources of the funding of the budget? do you know if loans will cover a lot?

same with presidents...

The 138 billion naira in Osun was also funded from different sources just like the 740 billion, so it cancels out. The main source of income for Osun is federal allocations. Leave Osun and research other states and it will be the same thing

lawani:
The 138 billion naira in Osun was also funded from different sources just like the 740 billion, so it cancels out. The main source of income for Osun is federal allocations. Leave Osun and research other states and it will be the same thing

You cannot rule out different governors with different plannings and strategies for budgeting...

Brendaniel:
You cannot rule out different governors with different plannings and strategies for budgeting...

Can you point out any state in Nigeria that is not doing 250 percent of it's 2023 budget by dollar value in 2026? I doubt there is any. Different governors have different plans and that is why I mentioned the Enugu governor. Enugu maybe doing up to 500 percent if not more of the dollar value of it's 2023 budget

ki02020:
To all those saying rubbish about Dangote
Una see sey if Dangote blink for 5 seconds everywhere go blur with increase in pump price

dangote is government proxy

Antoeni:
Of a Truth Subsidy Was Never Removed, It Was Given Another in The Budget, By This Present APC Government,

What other name was it given so we can learn.

ki02020:
Abegiii

Stop this misinformation jare
Subsidy was not removed abi
How come the allocations to your states government increased with such margins

So it's subsidy removed that increase allocation

Is that what tinubu told you

tinubu devalue the naira and, do you know what price of dollar is to naira now

When they sell crude in dollars, and they convert to naira, has the naira equivalent not increased


Use your brains

Lanretoye:
but what happened to the house you and the cars you bought for 7.2 m in 2012?,it has lesser value now…oga go and find something to do,there is no where in the world that value will remain constant,not even your age.

Big mighty lies

Under PDP Goodluck and OBJ, price remained stable for years.

As soon as APC entered
Prices developed wings and started to soar higher and higher till this very moment Nigeria has not rested. The most wicked and frightening thing is that in all these salary remained constant! 🙀

Prices in your fellow western African francophone countries that uses cefa have remained stable for over 2 decades now. Go find out. That's why most importers bypass Lagos and use contonu port for their business.

In UK, USA, Europe prices of goods such as electronics (computer, laptop, tablets , smart phones,) automobiles and machineries have been fairly stable. Same, not much difference compared to 20 years ago.

But in Nigeria 4g network smartphone of 33k in 2021 is now going for a whopping 100k+


Let me also tell you that the man who is aggressively trying to install his son as the next Lagos state Governor, that you are mindlessly defending here has absolutely no regard for the average Nigerians. He only cares about his billionaire friends within and outside the country.

lawani:
Can you point out any state in Nigeria that is not doing 250 percent of it's 2023 budget by dollar value in 2026? I doubt there is any. Different governors have different plans and that is why I mentioned the Enugu governor. Enugu maybe doing up to 500 percent if not more of the dollar value of it's 2023 budget

I've decided to reply you so that you can see for yourself that your analysis is wrong if you stake it only on budget...

This is Rivers state budget for 2023 by Wike, 550 billion naira converted to dollars was 1.34 billion dollars, I used 2022 exchange rate because I didn't want the exchange rate to clash with Tinubu's exchange rate in 2023 and the budget was passed in 2022 for 2023.

Now in 2025 using Tinubu's exchange rate Rivers state passed a budget of 1.4 trillion and after conversion to dollar is 966 million dollars, you see why I told you that Tinubu's allocation did not increase in any value, infact it decreased....


And if you use state budgeting as a yardstick you would not get the actual value, because state governors differ in planning,

What you should be looking at is FAAC allocation value sent to the states in dollars which I have also shown you the calculations that it decreased in value due to the naira devaluation...

So what exactly has Tinubu improved?