₦airaland Forum

Christmyhope:
The reason I am in support of Tinubu is because of his reform policies. I have longed for someone who will initiate such an audacious move but all our past presidents since 1999 have been timid and unenterprising. I never knew Tinubu would make such a move judging from widespread perception about him but he has taken me by surprise. If these reform policies are allowed for the next four years then Nigeria will achieve economy emancipation. Tinubu till 2032👍👍

100%.

I keep telling people that Nigerians will build statues of Tinubu in future, in his honour.

I see him as the Lee Kuan Yew of Nigeria. (Lee Kuan Yew was the prime minister of Singapore who presided over the economic/industrial transformation of the country).

The truth must be told: United Bank for Africa needs to change its name. White Europeans are not happy we are banking with the UBA.

In 2006, I traveled abroad and associated only with white people in South Africa, I only had a UBA account at that time. on returning to Nigeria, GTB invited me to open an account with zero deposit.

I later realised it was because I went to a post-apartheid South Africa, and associated with only white Europeans with a UBA account only. It was an aberration.

UBA should change its name.

The hypocrisy of poor people.

There's no miracle there. The Fx issue was cause by over importation of petrol. With Dangote's refinery coming on stream, that reduced the dependency on imported petrol.

DeLaRue:
Some on Nairaland even say Cardoso knows nothing and that he's only CBN Governor be ause he is Yoruba. You just have to shake your head.

Recently, Mr Otedola said Mr Cardoso is the best CBN Governor in Nigeria's history. I have been saying that here on Nairaland for the best part of a year.

Now, Mr Elemelu is singing a similar chorus.

Many African Central Bank Governors are rushing to learn the mini miracle that the Nigerian CBN has performed in the past 2 years.

If you give me the option of Mr Cardoso, Mr Sanusi, and Mr Soludo,I will pick Mr Cardoso without blinking an eye because an unsung general who has led an army in a near-calamitous war, and won, is better than a flamboyant general who talks a good game but has never been to any war.

anonimi:
Lagosians have endured Jagaban of Borgu’s reforms for 27 years of increasing TAX burden for 100 times growth in budget.

However, 20 million Lagosians are still suffering from kwashiorkor belly effects of drinking detty, shitty, smelling, disgraceful water.

What else do you think Bọla is doing with the money apart from stealing it? Stealing money to buy votes and bribe politicians for his reelection and 3rd term agenda to be life president.



https://www.youtube.com/watch?v=g5v-F81hNTs

Yet yours are flocking to the same Lagos in droves to drink the same "dirty, smelling water".

Christmyhope:
The reason I am in support of Tinubu is because of his reform policies. I have longed for someone who will initiate such an audacious move but all our past presidents since 1999 have been timid and unenterprising. I never knew Tinubu would make such a move judging from widespread perception about him but he has taken me by surprise. If these reform policies are allowed for the next four years then Nigeria will achieve economy emancipation. Tinubu till 2032👍👍

Obasanjo did a lot too, the decay started from Goodluck Jonathan

dequir:
Yet yours are flocking to the same Lagos in droves to drink the same "dirty, smelling water".

Mine from Iragbiji, where your Ayédèrú idol with a name different from his Mogaji mother, is rumoured to be from?

Or mine from Borgu where your Jagaban is a titled chief

Why do you think that anyone with valid questions about your progreThief tax master is not Yoruba pọnbele? Ojúlówó ọmọlúwàbí tí ó yàtọ̀ sí àwọn atọhunrinwa agbelẹrọ panda

Those who are progressive Yorubas are dismayed at how your a-looter bandit has destroyed our noble heritage.

Splashme:
The first civilian governor of Lagos State, Alhaji Lateef Jakande, on Tuesday, said that the cancellation of the Lagos metroline project in 1985 was a major mistake and disservice to many Nigerians.

Jakande spoke in Lagos during the launch of a book which chronicled his life in politics and journalism.

The book, entitled, ‘Jakande: Leadership in Action’ is written by Dr. Bola Olaosebikan, who told the audience at the event that the All Progressives Congress presidential candidate, Maj. Gen. Muhammadu Buhari (retd.), was not responsible for the cancellation of the project.

Jakande said, “Reflecting on the metroline project, I think it is a major disservice to many Nigerians. Imagine how many people would have benefitted. It would have made life easier and changed the face of transport in Lagos. Whoever cancelled it or gave the advice towards its cancellation didn’t do right.”

The former governor asked Nigerians not to vote for unserious leaders in the coming polls, saying the elections presented Nigerians with a good opportunity that should not be squandered.

Expressing the hope that Nigeria would soon overcome its developmental challenges, Jakande said hope would be actualised faster if credible people emerged as leaders in the next dispensation.

He said, “This book comes at a very auspicious time in Nigeria’s history as we need leaders who can act. We need leaders who would not compromise the standards of good governance. God has blessed this nation the most in Africa, although we have not reached where we should be; with the right leaders, Nigeria would overcome its challenges.”


http://www.punchng.com/news/cancelling-metroline-a-major-mistake-jakande/

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eluquenson:
REVISITING SOME OF THE LATEEF JAKANDE'S GOVERNMENT ACHIEVEMENTS FROM OCTOBER 1979 TO DECEMBER 1983 (FOUR YEARS AND 3 MONTHS) IN LAGOS STATE

* His government built the current Lagos State Secretariat which houses all the state ministries as well as the popular round house hitherto occupied by all subsequent governors of the state.

* His government built the Lagos State House of Assembly complex.

* His government built the Lagos State Television

* His government built the Lagos Radio

* His government built Lagos State University

* His government established General Hospital in zones all over the state with assurance of free health care.

* His government established Teacher Training College and the College of Education.

* His government built low cost houses in Ijaiye, Dolphin, Oke-Afa, Ije, Abesan, Iponri, Ipaja, Abule Nla, Epe, Amuwo-Odofin, Anikantamo, Surulere, Iba, Ikorodu, Badagry, Isheri/Olowu, Orisigun etc.

* His government established the Water Management Board and Waste Disposal Board on the 18th of August, 1980.

* His government constructed the Adiyan Water Works to increase water supply in the state to 18.16 million litres per day.

* His government modernized and expanded the Iju Water Works which was first commissioned in 1915. This increased daily capacity from 159 million to 204 million litres per day.

* His government purchased and commissioned the giant car crusher equipment. The equipment was designed specifically to crush derelict vehicles in Lagos State. It had the capacity to crush 45 vehicles per day.

* His government constructed, rehabilitated and resurfaced Epe/Ijebu-Ode Road, Oba Akran Avenue, Toyin Street, Town Planning Way, Alimosho-Idimu-Egbe Road, Idimu-Iba-LASU Road, the new secretariat road and several others.

* His government constructed Victoria Island/Epe Road and thereby creating an ‘oil rig’ for Lagos State.

* His government established Asphalt Plant for the Department of Public Works.

* His government established Electricity Board for Rural Electrification with provision of street lights.

* His government modernized, expanded and commissioned Onikan Stadium in 1982.

* His government established a singular school system and ensured genuine free education in Lagos State and the beneficiaries of this policy are in different positions of eminence in the country and around the world.

* His government raised the primary schools in Lagos State to 812 with 533,001 pupils (against 605 primary schools with 434,545 pupils he met in 1979) and secondary schools to 223 with 167,629 students (against 105 schools with 107,835 students in 1979).

* His government constructed 11, 729 classrooms with the maximum of 40 children per class between March and August 1980, by 1983, he had constructed over 22,000 classrooms.

* In July 1983, two commercial passenger boats christened "Baba Kekere and Itafaji" to run the Mile 2 - Marina (CMS) route via the lagoons were inaugurated by his government to mark the official launch of the Lagos State ferry services.

* His government took over the ownership and financing of Lagos State Printing Corporation in July 1980

* His government established the first State Traffic Management Authority (Road Marshals).

* His government established small scale Industries Credit Scheme which preceded the EKO bank.

*His government established LASACO Insurance.

*His government expanded existing market and built new ones.

*His government established Traditional Medicine Board.

WHO SAYS 4 YEARS IN OFFICE IS NOT ENOUGH FOR MEANINGFUL ACHIEVEMENTS?

IT'S A FACT THAT 90% OF GOVERNORS IN NIGERIA SINCE 1999 WITH REVENUES AT THEIR DISPOSAL CANNOT BOAST OF A QUARTER OF THESE ACHIEVEMENTS EVEN WITHIN THEIR EIGHT YEARS IN OFFICE.

anonimi:
Mine from Iragbiji, where your Ayédèrú idol with a name different from his Mogaji mother, is rumoured to be from?

Or mine from Borgu where your Jagaban is a titled chief

Why do you think that anyone with valid questions about your progreThief tax master is not Yoruba pọnbele? Ojúlówó ọmọlúwàbí tí ó yàtọ̀ sí àwọn atọhunrinwa agbelẹrọ panda

Those who are progressive Yorubas are dismayed at how your a-looter bandit has destroyed our noble heritage.


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Yinmu.

We do not know your antecedent in your " dirty, smelly" Lagos City.

At least your nemesis and bète noire has a Tinubu to his name, which is not being debunked by his famous legacy family.

MISTER CADI B!!!

DeLaRue:
Some on Nairaland even say Cardoso knows nothing and that he's only CBN Governor be ause he is Yoruba. You just have to shake your head.

Recently, Mr Otedola said Mr Cardoso is the best CBN Governor in Nigeria's history. I have been saying that here on Nairaland for the best part of a year.

Now, Mr Elemelu is singing a similar chorus.

Many African Central Bank Governors are rushing to learn the mini miracle that the Nigerian CBN has performed in the past 2 years.

If you give me the option of Mr Cardoso, Mr Sanusi, and Mr Soludo,I will pick Mr Cardoso without blinking an eye because an unsung general who has led an army in a near-calamitous war, and won, is better than a flamboyant general who talks a good game but has never been to any war.

I hate this Iragbiji narrative of Tinubu, it's a creation of nairaland. Just I didn't buy his bed wetting story and his rotten teeth story by his frenemies, I hate to pin Iragbiji on Tinubu. Iran lo gba iji. Amoda ogundere, I understand the drift they're using these to abuse some of us.

Lagosians either penetrated towns and villages of Yourbaland for Tinubu to President or ran away from Lagos like myself because of what I experienced. Each person's own is different.

But the truth must be told, Tinubu is patently a Lagosian.

#Iragbiji Jo #SolaIji ni #Completenonsense

anonimi:
Mine from Iragbiji, where your Ayédèrú idol with a name different from his Mogaji mother, is rumoured to be from?

Or mine from Borgu where your Jagaban is a titled chief

Why do you think that anyone with valid questions about your progreThief tax master is not Yoruba pọnbele? Ojúlówó ọmọlúwàbí tí ó yàtọ̀ sí àwọn atọhunrinwa agbelẹrọ panda

Those who are progressive Yorubas are dismayed at how your a-looter bandit has destroyed our noble heritage.


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dequir:
Yinmu.

We do not know your antecedent in your " dirty, smelly" Lagos City.

At least your nemesis and bète noire has a Tinubu to his name, which is not being debunked by his famous legacy family.

What famous legacy family does your Ayédèrú ori olórí have?

Why are you confusing infamous with famous

anonimi:
The often cited biography titled Madame Tinubu: Merchant and King-maker, authored by Nigerian historian Oladipo Yemitan, paints her views regarding slave trading.

On one occasion, during her final sojourn in Abeokuta, she was alleged to have sold a young boy into slavery and was accused of it. When arraigned before Ogundipe Alatise over the matter, she reportedly explained: 'I have a large house-hold and I must feed them well. I need money to do that, that's why'.

— Oladipo. Yemitan, 'Madame Tinubu: Merchant and King-maker'

Another section of Yemitan's Tinubu biography, referred to as the Amadie-Ojo Affair, captures a slave trading deal gone sour in 1853 (notably after the 1852 Treaty abolishing slavery in Lagos) wherein Tinubu tells another slave trader (Domingo Martinez) that "she would rather drown the slaves [20 in number] than sell them at a discount".

https://en.m.wikipedia.org/wiki/Efunroye_Tinubu

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FLASHBACK: Prince Olagunsoye Oyinlola narrating the life of Tinubu years ago. #Ayederu (Counterfeit)pic.twitter.com/xr40gXe9Qx

— ayemojubar 🫆 (@ayemojubar) June 26, 2022

Paramount01:
Pls when last did you enter bank to get dollars?

which bank is changing dollar to naira or naira to dollar without insider for you,if you want to know the real exchange rate is from black market (burundichange)

[quote author=anonimi post=138463396]What famous legacy family does your Ayédèrú ori olórí have?

Why are you confusing infamous with famous


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FLASHBACK: Prince Olagunsoye Oyinlola narrating the life of Tinubu years ago. #Ayederu (Counterfeit)pic.twitter.com/xr40gXe9Qx

— ayemojubar 🫆 (@ayemojubar) June 26, 2022

know the Tinubu family house in Lagos, which you are vigorously depicting in your bogus copy and paste jobs, why not go there yourself to verify if your "ayederu ori olori" originates from them, and tests if you will not be lynched for maligning their courageous and famous son.

Thedon22:
You go wail tire. Keep crying while those that matters are giving kudos to Tinubus management of the economy. First it was NOI then Soludo , then Otedola and now Elumelu. So, you want to review Elumelus assessment. You and your Messiah with your consumption to production jingle and China going back to China Nonsense are very laughable. Nobody takes Obi and his supporters analysis seriously, Obi is a trader. Keep parroting your infantile propaganda with your Yes Daddy!

@ emboldened is what they are not getting. Considering so many deliberate lies and propaganda they have told, Nigerians are not interested in listening to them again

ElSudani:
"A banker of his stature knows better. Liquidity is not value. Availability is not strength. You don’t clap because dollars can now be found at N1,400 after policies helped drag the naira from N460. That’s not progress, that’s currency collapse dressed up as reform"

This is complete utter nonsense.

Engage constructively

It will never be well with you sir

Christmyhope:
The reason I am in support of Tinubu is because of his reform policies. I have longed for someone who will initiate such an audacious move but all our past presidents since 1999 have been timid and unenterprising. I never knew Tinubu would make such a move judging from widespread perception about him but he has taken me by surprise. If these reform policies are allowed for the next four years then Nigeria will achieve economy emancipation. Tinubu till 2032👍👍

You people like to defend rubbish and it's one of the major reason why we aren't moving forward as a nation. If Cardoso is the Best CBN governor, I would hand myself. Where will you put the like of Emir Sanusi and Soludo?? Please how much did Emefele leave dollar rate and how much is it on today?

DeLaRue:
Some on Nairaland even say Cardoso knows nothing and that he's only CBN Governor be ause he is Yoruba. You just have to shake your head.

Recently, Mr Otedola said Mr Cardoso is the best CBN Governor in Nigeria's history. I have been saying that here on Nairaland for the best part of a year.

Now, Mr Elemelu is singing a similar chorus.

Many African Central Bank Governors are rushing to learn the mini miracle that the Nigerian CBN has performed in the past 2 years.

If you give me the option of Mr Cardoso, Mr Sanusi, and Mr Soludo,I will pick Mr Cardoso without blinking an eye because an unsung general who has led an army in a near-calamitous war, and won, is better than a flamboyant general who talks a good game but has never been to any war.

Ofunaofu:
Tony Elumelu is not being objective, he’s being political. Trying to be in the good books of Mr President

A banker of his stature knows better. Liquidity is not value. Availability is not strength. You don’t clap because dollars can now be found at N1,400 after policies helped drag the naira from N460. That’s not progress, that’s currency collapse dressed up as reform.

The naira recorded one of the fastest currency collapses in the world under Tinubu.

Infact, the naira achieved something remarkable, a record-breaking collapse.

Celebrating dollar supply after a over 200 percent currency destruction is economic gaslighting. It’s like setting a house on fire and then demanding applause for reducing the smoke.

And let’s be honest with ourselves; the biggest relief on FX demand from fuel imports came from Dangote Refinery, a private investment, not from government brilliance. Attempting to frame that as policy success is convenient amnesia.

Scarcity may have eased, but the damage is real. The purchasing power wiped out, the businesses crushed, the savings eroded, those don’t disappear because a banker chooses to praise power.

That’s not economic analysis.

You sound so smart but you're ignorant in actual sense. Some of you'll come up here blasting, but you're so empty. What economic activities was Nigeria in back then that justified dollar at #460? Or while is official and black market rate so wide?
Talking about dangote refinery, was the Government not instrumental in it's success? Do NNPC not have a stake as a shareholder? Do you listen to what Bayo ojulari(NNPC CEO) said about Dangote refinery?
The crude oil swap with Dangote in Naira, isn't that a brilliance from the government?

It's a shame on some of you, that you make every attempt to be myopic and blindfolded, even when you have an option to clear view. Nigerian youths are so ignorant about policies and governance. Some of you are just damn LAZY.

Ibehchizzy:
Tinubu feeding his orchins with statistics as usual 😂😂🤣🤣🤣🤣

Don't worry. Obi will feed your type eihr with hot lamba.

Wickedtruths:
Don't worry. Obi will feed your type eihr with hot lamba.

one of the orchins dn quote me
Y’all never ceases to amaze me 😂😂🤭🤣🤣🤣

helinues:
You are the one not being sincere here. The N460 rate you are talking about was subsidized and even apart from that, the rate fluctuating within a year can be from N50-N200. Under this government, a whole year naira to dollar rate difference was less than N30. That's stability with the Naira against Dollars



Why won't we celebrate. What have we been using the dollar to do before that always cause scarcity?



Without the FG providing conducive environment for business with reforms and policies, the Dangote refinery might have still not function. What delayed his licence for years?



The scarcity and whatever temporary hardship it might have brought, Nigerians are now more conscious with their spendings compared to before.

You can see that I addressed all your concerns above without insulting or attacking, if you guys can stick to that, let's discuss. We want to clear things you have been doubting Thomas about

What was the dollar rate before he became the president. Africa is backward because we love celebrating mediocrity.
U met dollar at N350 next dollar hit N1500 reduce to N1450 and u are jumping. Lol

Baawaa:
which bank is changing dollar to naira or naira to dollar without insider for you,if you want to know the real exchange rate is from black market (burundichange)

I get without insider from union Bank

gideonvalor98:
You sound so smart but you're ignorant in actual sense. Some of you'll come up here blasting, but you're so empty. What economic activities was Nigeria in back then that justified dollar at #460? Or while is official and black market rate so wide?
Talking about dangote refinery, was the Government not instrumental in it's success? Do NNPC not have a stake as a shareholder? Do you listen to what Bayo ojulari(NNPC CEO) said about Dangote refinery?
The crude oil swap with Dangote in Naira, isn't that a brilliance from the government?

It's a shame on some of you, that you make every attempt to be myopic and blindfolded, even when you have an option to clear view. Nigerian youths are so ignorant about policies and governance. Some of you are just damn LAZY.

Calling people ignorant doesn’t magically turn currency depreciation into economic genius.

Asking what justified N460 to a dollar, ignores a basic economic principle: exchange rates reflect relative stability, productivity, and confidence. A currency doesn’t need to be justified at a number, it stabilizes where policy credibility, reserves, and capital flows support it. What we had then was distortion and mismanagement, yes. But what we have now is shock therapy without shock absorbers.

Also, narrowing the gap between official and parallel rates is not the same thing as strengthening a currency. If both windows converge at a much weaker level, that’s not reform success, that’s devaluation harmonized. Convergence is structural; value is economic. They are not the same metric

The crude-for-naira swap Creative, yes. But it became necessary because FX liquidity was strained after the currency float. Fixing pressure created by policy isn’t the same as avoiding the pressure in the first place.

And finally this isn’t about personalities. It’s about outcomes, high inflation rate, high food prices, Purchasing power crushed ,SMEs struggling with input costs, Savings eroded etc

If according to you, that’s ignorance, then maybe the real issue isn’t laziness, it’s accountability

Economic debate shouldn’t be emotional. It should be evidence-based and you don’t strengthen an argument by calling people names.

grandstar:
The BDCs complained that were left out of the forex maeket, that bisiness was suffering. I feel that was why the CBN threw them that bone.

I also suspect it is Tinubu doing anything to curry votes as election draws near. He needs to buy up the Northerners who control the parallel market.
I am worried Tinubu might have thrown the country under the bus to appease them.

It was $20,000 a weak when Charles Soludo, and the same amount until Emefiele abolished it in 2021.

Why $150k a week? It makes no sense.

You are in an alternate reality
BDCs have been getting 50k a week since 2024 untill it was recently increased to 150k
If you claim it is Tinubu's doing then it shows the CBN is not independently run as it should be and Soludo is thus far better off

Ojuntana:
You are in an alternate reality
BDCs have been getting 50k a week since 2024 untill it was recently increased to 150k
If you claim it is Tinubu's doing then it shows the CBN is not independently run as it should be and Soludo is thus far better off

I was compelled to search online and you're partially correct.

Cardoso still tops Soludo.

Case dusted and closed.

Ofunaofu:
Calling people ignorant doesn’t magically turn currency depreciation into economic genius.

Asking what justified N460 to a dollar, ignores a basic economic principle: exchange rates reflect relative stability, productivity, and confidence. A currency doesn’t need to be justified at a number, it stabilizes where policy credibility, reserves, and capital flows support it. What we had then was distortion and mismanagement, yes. But what we have now is shock therapy without shock absorbers.

Also, narrowing the gap between official and parallel rates is not the same thing as strengthening a currency. If both windows converge at a much weaker level, that’s not reform success, that’s devaluation harmonized. Convergence is structural; value is economic. They are not the same metric

The crude-for-naira swap Creative, yes. But it became necessary because FX liquidity was strained after the currency float. Fixing pressure created by policy isn’t the same as avoiding the pressure in the first place.

And finally this isn’t about personalities. It’s about outcomes, high inflation rate, high food prices, Purchasing power crushed ,SMEs struggling with input costs, Savings eroded etc

If according to you, that’s ignorance, then maybe the real issue isn’t laziness, it’s accountability

Economic debate shouldn’t be emotional. It should be evidence-based and you don’t strengthen an argument by calling people names.

Your response further justified the names I called you. Go and learn.

What is the difference between dollar scarcity and dollar ratio to naira?
Am confused!

zeyt:
Yeah dollar scarsity is over but Naira is yet to find it footing at 1400 Naira per Dollar. Whatever the case maybe it shouldnt be above 700 Naira per Dollar as per prepolicy black market rate.

Love800:
What is the difference between dollar scarcity and dollar ratio to naira?
Am confused!

Are you not trying to be sarcastic here？

No, am not. What reason will i have to mock you!
It was an honest question.

zeyt:
Are you not trying to be sarcastic here？

Love800:
No, am not. What reason will i have to mock you!
It was an honest question.

Ok. But from what standpoint？

Alright.

Am beginning to be confuse in our conversation.

I appreciate.
Have a splendid night ahead.

zeyt:
Ok. But from what standpoint？

Love800:
Alright.

Am beginning to be confuse in our conversation.

I appreciate.
Have a splendid night ahead.

I still doubt you dont have answer to your question.