₦airaland Forum

EDUECO:
The APC government has drastically slowed down economic activities by greatly increasing the cost of goods and services.

The astronomical increase in goods and services has reduced economic activities.Consumers tend to buy more when goods and services are cheaper;and increase in consumption increases the growth of the economy.

Cost of goods and services increased based on the removal of fuel subsidies and liberalisation of FX rates which the major opposition also campaigned for and criticised the former APC Government for not implementing. These are the consequences of those policies. You can only manage the situation and work to first stabilise things and then spur growth thereafter or you reverse the policies subtly or outrightly.

GeneralDae:
Cost of goods and services increased based on the removal of fuel subsidies and liberalisation of FX rates which the major opposition also campaigned for and criticised the former APC Government for not implementing. These are the consequences of those policies. You can only manage the situation and work to first stabilise things and then spur growth thereafter or you reverse the policies subtly or outrightly.

Very well said.

Unfortunately, we are yet to hear any superior or better option or alternative from those jostling for positions till now.

DonDiego:
You mean someone deliberately sought to lead and when he gets there it is left for the one whom he made promises to, to list out for how to make his living conditions better while he takes all the glories of being the leader? I really don't get it. Maybe, he should start from his actual promises. Power. Regular and affordable electricity. Security. Reduction in the cost of living. Affordable healthcare. Education. I mean the list is endless. I am surprised that you are asking me to chart a roadmap for these here for the government or to develop a policy document for attaining these. So, what is the job of all the wonks and technocrats appointed and being paid for that purpose? We make too much excuses for non-performance in this country and when a few point it out, we turn the nuzzle in their direction and leave those we really should be holding accountable.

We are not talking about the government but YOU!
We know you are not in government but want things to be better.
If you know so much to see clearly and judge the policies, then you must have some re-reforms in your hands. It takes patriotism to have such passion. That is what we are asking you.

Besides, you don't know who is asking you, it may be the C-in-C himself.

What do you think would help the average Nigerian? What policy should be reversed or implemented? No vagueness, no insults, no aggression but objectivity.

Before the family hired a CEO, remember that it based on the promises different applicants for the job made at the recruitment interview. The family looked at its current conditions especially in view of the work of the most immediate past CEO and decided to give this current one a chance to actualize his promises, promises which specifically stated that he'd improve the overall living condition of the family. He's been there now for nearly three years and the members of the family are all the poorer for it. This is not even debatable. He's done a poor job of the assignment and I don't see why the ifs and buts.

This is exactly why it's baffling when excuses are being made or the victim is being asked to proffer solutions. Is that how many of the companies we celebrate here as examples of working, successful corporations do it? Do they hire a CEO who turns out to be inept and then ask customers and staff to proffer solutions for how the CEO can do better?

As for the practical specifics, the straight answer is: provide those things or simply quit. Give the people regular and affordable power which will become a catalyst for industrial and SME production leading to increased employment and growth.

Provide security regardless of how you do it. Nigerians should be able to go to bed eveey night and sleep with their two eyes closed. They should be able to move from one part of the country to another at any time of the day and night without worry about getting to their destinations. If it would take firing all your security chiefs who are sitting on their hands and doing nothing while parts of the country are ravaged by bandits, then so be it.

Although it appears that this has become a rice economy where the commodity is the be all solution to the people's needs as far as this government is concerned, you'll agree with me that making it easier for the people to cultivate the rice on their own rather than giving them bags of it makes more strategic and sustainable sense.

And I disagree with your take on education and healthcare too. Even with the two sectors being on the concurrent list, we know how much influence the FG wields in those areas. The biggest teaching hospitals are still owned and underfunded by the FG. The biggest educational institutions especially are federally owned and run down. Yet the same FG received the largest percentage of all FAAC. allocations relative to the states. What does it do with all those trillions?

Ultimately, there's no way things will improve if we continue this way of making excuses for those who should be held accountable for their stewardship.

GeneralDae:
Well, it’s just like when you appoint someone as CEO of your family company. The CEO may have his own ideas on how to make the family better short term, mid term, or long term. It’s possible that the CEO implements policies which you in the family do not like. You have the right to challenge the CEO and tell him exactly what you want else he is convinced that what he is doing already is in the best interest of the family.

Now you have given some practical things you want:

Electric Power : The CEO has clearly failed so far but he has made some excuses like debt constraints since 2015 and lack of gas availability. If you see this as stupid excuses (which they might be) and sack this CEO, what would you like to hear from the new CEO you vote for? What timeline? How do you want him to tackle the efficiency problem and debt problem in a different way?

Security for the family: This current CEO is working on state police and a police trust fund for every member of the family. Is that good enough? This CEO seem to have failed in proposing more strategic methods in following the money to solve the kidnapping problem. Do you think so too and what do you expect from the new CEO you want to employ in tackling kidnapping? Would state police for the sake of state police be enough?

Affordable living for the family: How should this be done? Sharing rice? Keke empowerments? World bank’s 5k to 14 million households? Removal of fuel subsidies? FX pegging? What major policy implementation or policy reversal would bring about affordable cost of living in the short term?

Healthcare: Healthcare is largely in the hands of your state and local Governments who are now empowered more than ever to do more. Do you task them on it?

Education: Isn’t this one of the best Governments in education since the 1980’s with NELFUND, Free technical colleges (which have increased enrollment), and lack of ASUU strikes in 3 years ? Primary education and out of school children issues are largely in the hands of your Governors and LGA’s. Do you know this?

What difference will it make if I write here and proffer solutions that will ultimately be effete? You think this is about reinventing the wheel? Do you think that deep down those guys in government who have simply refused to do the right thing do not know what should be done and how to do it for the benefit of the greatest number of Nigerians? Do you not realise that this is squarely a problem of elite interest and the unwillingness of a clique to do right? Why is it this hard to see?

ghm:
We are not talking about the government but YOU!
We know you are not in government but want things to be better.
If you know so much to see clearly and judge the policies, then you must have some re-reforms in your hands. It takes patriotism to have such passion. That is what we are asking you.

Besides, you don't know who is asking you, it may be the C-in-C himself.

What do you think would help the average Nigerian? What policy should be reversed or implemented? No vagueness, no insults, no aggression but objectivity.

https://www.youtube.com/watch?v=6lVMonhnnOY

Ngx Premarket for today.

ositadima1:
Oh, I didn’t know that, lol.

I guess you did... You were deliberately deviating. You always do

DonDiego:
Before the family hired a CEO, remember that it based on the promises different applicants for the job made at the recruitment interview. The family looked at its current conditions especially in view of the work of the most immediate past CEO and decided to give this current one a chance to actualize his promises, promises which specifically stated that he'd improve the overall living condition of the family. He's been there now for nearly three years and the members of the family are all the poorer for it. This is not even debatable. He's done a poor job of the assignment and I don't see why the ifs and buts.

This is exactly why it's baffling when excuses are being made or the victim is being asked to proffer solutions. Is that how many of the companies we celebrate here as examples of working, successful corporations do it? Do they hire a CEO who turns out to be inept and then ask customers and staff to proffer solutions for how the CEO can do better?

As for the practical specifics, the straight answer is: provide those things or simply quit. Give the people regular and affordable power which will become a catalyst for industrial and SME production leading to increased employment and growth.

Provide security regardless of how you do it. Nigerians should be able to go to bed eveey night and sleep with their two eyes closed. They should be able to move from one part of the country to another at any time of the day and night without worry about getting to their destinations. If it would take firing all your security chiefs who are sitting on their hands and doing nothing while parts of the country are ravaged by bandits, then so be it.

Although it appears that this has become a rice economy where the commodity is the be all solution to the people's needs as far as this government is concerned, you'll agree with me that making it easier for the people to cultivate the rice on their own rather than giving them bags of it makes more strategic and sustainable sense.

And I disagree with your take on education and healthcare too. Even with the two sectors being on the concurrent list, we know how much influence the FG wields in those areas. The biggest teaching hospitals are still owned and underfunded by the FG. The biggest educational institutions especially are federally owned and run down. Yet the same FG received the largest percentage of all FAAC. allocations relative to the states. What does it do with all those trillions?

Ultimately, there's no way things will improve if we continue this way of making excuses for those who should be held accountable for their stewardship.

Okay I get you. You don’t care about the nitty gritty or what can be done differently. You just want them done.
Your position is not strange but it has its pros and cons and this is one of the biggest issues I have with our style of democracy.
The market woman or common man can hold this position and vote for any sweet talking politician who promises to solve all problems immediately but not you writing on a business platform.

You are an educated voter and I am debating with you because it’s my belief that the more educated voters we have, the more difficult it would be for sweet talking politicians to campaign with the usual things they think the people want to hear without being interrogated deeply. We are on a business forum my man, so you should not just say do it or leave but access the situation better than the common man. It would then be your duty and my duty to convince our family members and the common man on the street to vote for our preferred candidate based on what we know as the economic/business elites in the society.

The biggest problem we have with education today is at the primary level with out of school children and this is majorly the fault of Governors and non functioning LGA’s, ditto primary healthcare.

The FG receives more funds than the state Governments but the FG also pays way more salaries and services way more debts than they do. In other words, margins of the FG are way smaller than even the worst state Government in Nigeria today (in 2026).

I am thinking of selling my Dangote Sugar and use the proceed to buy Dangote Cement or WAPCO? Is it a good move?

ghm:
I am thinking of selling my Dangote Sugar and use the proceed to buy Dangote Cement or WAPCO? Is it a good move?

If i was you I will use new fund to buy those cos dangote sugar is next to do upward magic

ghm:
I am thinking of selling my Dangote Sugar and use the proceed to buy Dangote Cement or WAPCO? Is it a good move?

Don't you think Dangote sugar will still reprice to N300?

.

WHAT WILL THE MARKET DO TODAY
We are in a good time for the market, the index continues to beat our forecasts. Today probability of many stocks going on full bid is high with many mid and big caps joining the full bid list.

NSEstudent:
I guess you did... You were deliberately deviating. You always do

No, I am not deviating. I am making clear, informative points that are contestable if you have better ones. The person who responded is not the person I quoted in my post. Check the post, who I responded to, what that person said, and why I made my reply. There is no need for emotional judgment, read and follow the argument.

Agbalowomeri:
Don't you think Dangote sugar will still reprice to N300?

Honestly, I do not see it reaching N300 from the current N69.
Comparing both of them shows clearly. See the screenshot.

Diing

UBA

ghm:
Honestly, I do not see it reaching N300 from the current N69.
Comparing both of them shows clearly. See the screenshot.

It will get their after fund raising

BUACEM @417/418 intraday.....
Just waiting for 100k to move +10% for today....
Done!! @418.....+10%


DANGCEM sighted at circa 1k intraday...



** Seun needs to do some upgrades on this platform again....
Earlier showing server down👇

robobo:
Oga Mike, make u no vex for me. I just dey pull your leg, the reason there was a long laugh out loud at the end of my statement

That said i will still say that everything Oando shld not be taken at face value but rather should be interrogated properly.

My legs go dislocate for your hand one day. And you go buy me milk, Milo, eggs, bread, mayonnaise, custard, malt, FIRST so that I can recover BEFORE you take me to hospital and buy Panadol, Rub, embrocation, etc. because I have fallen sick for your hand.
If you like, continue. I don talk my own.

UACN

My SP projection: ₦205 - ₦210

TIP on full bid. 30.60

SEPLAT Q1 '26
https://doclib.ngxgroup.com/Financial_NewsDocs/46860_SEPLAT_ENERGY_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_APRIL_2026.pdf

NGX Q1 '26
https://doclib.ngxgroup.com/Financial_NewsDocs/46856_NIGERIAN_EXCHANGE_GROUP_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_APRIL_2026.pdf

CHAMS Q1 '26
https://doclib.ngxgroup.com/Financial_NewsDocs/46866_CHAMS_HOLDING_COMPANY_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_APRIL_2026.pdf

mikeapollo:
My legs go dislocate for your hand one day. And you go buy me milk, Milo, eggs, bread, mayonnaise, custard, malt, FIRST so that I can recover BEFORE you take me to hospital and buy Panadol, Rub, embrocation, etc. because I have fallen sick for your hand.
If you like, continue. I don talk my own.

i beg no kill me oooo

TIP of life

megawealth01:
Let me show you something that should make every Nigerian cold in their bones.

Goodluck Jonathan borrowed $3.8 billion in 5 years.
Buhari borrowed $32.6 billion in 8 years.

Tinubu has borrowed over $10 billion in less than 3 years, with another $24 billion still in the pipeline. That’s a total of $34 Billion in 3 years.

And the Senate just approved a fresh $516 million loan yesterday. For a road.

That is the Sokoto-Badagry Super Highway, funded by Deutsche Bank, at an interest rate of SOFR plus 5.35% per annum. Nine years to repay. A road. While Nigerians cannot afford to eat.

But here is the part nobody is saying loudly enough.

Jonathan and Buhari borrowed all that money AND still paid fuel subsidy AND still paid electricity subsidy.

Two governments. Combined debt of over $36 billion. And they were still subsidizing the pain of living in Nigeria. Still putting petrol at N165. Still keeping electricity tariffs low. Still absorbing the shock so ordinary Nigerians could survive.

Then Tinubu came.

He told us the subsidies were the problem. He said the country was bleeding money. He removed fuel subsidy on day one. He devalued the naira. He raised electricity tariffs by over 300%. He told us the pain was necessary. He told us to endure, that better days were coming.

We endured.

Petrol went from N185 to over N1,300.
Electricity bills tripled overnight.
Food prices doubled, then tripled again.
Businesses closed. Jobs disappeared. Families broke apart.

And what did we get in return for all that sacrifice?

More borrowing. Faster borrowing. Bigger borrowing.
Nigeria’s total public debt has gone from N87 trillion when Buhari left to N159 trillion today. That is N72 trillion added in less than 3 years. The fastest debt accumulation in Nigeria’s history.

Clueless Buhari took 8 years to grow debt by N75 trillion. Tinubu did the same in under 3.

And debt servicing? Nigeria spent $9.9 billion just servicing external debt between June 2023 and August 2025. By 2028, debt servicing alone is projected to hit N91 trillion. That is more than Nigeria currently spends on health, education, and security combined.

Over 80% of government revenue goes to paying back loans. Not building schools. Not building hospitals. Not fixing roads.

Paying back loans.

Yet he is still borrowing.

The $516 million approved this week is not even the scary part. The scary part is that Tinubu has formally requested approval to borrow $21.54 billion, €2.19 billion, and ¥15 billion more. That is over $24 billion in one borrowing plan. More than 60% of Nigeria’s entire foreign exchange reserves.

Let that number sit in your chest for a moment. We are borrowing in all foreign available currencies.

A government that removed subsidies to save money is borrowing at a pace no Nigerian government in history has ever attempted.

So where is the money going?

Not to your electricity. That one you now pay for in full.
Not to your fuel. That one you now pay market price for.

Not to your roads. Those are still the same death traps.

Not to your hospitals. Doctors are still on strike or emigrating.

Not to your children’s schools. ASUU is always one disagreement away from another shutdown.

Nobody can account for it. No clear audit. No transparent project tracking. Just loan after loan after loan, approved in legislative chambers in a matter of hours, disappearing into a system that has never once been held accountable.

Jonathan borrowed and we saw Abuja-Kaduna rail and Universities across the country, etc.

Buhari borrowed and we saw the completion of second Niger Bridge, Lagos-Ibadan expressway, Abuja airport terminal.

Whatever you think of those projects, they existed.

You could touch them. You could drive on them.

Tinubu has borrowed N72 trillion in under 3 years.
Point to what was built other than 40 kilometers of road and the purchase of Emblems for more tax.

This is not governance. This is a government that removed the one thing that kept ordinary Nigerians from complete destitution, handed the savings to a system nobody can audit, and then borrowed more on top of it, faster than any leader before them.

And every single Nigerian alive today, including newborns, is carrying a debt they did not consent to.

Every child born in Nigeria today is born owing.
That is not a metaphor. That is the balance sheet of a country being hollowed out in real time.

If this does not make you angry, check your pulse. The only hope we have is to have hope that things will get better, and this government continues to renew our hopes for a better Nigeria that they can’t give us.

This hope is a danger to our collective existence and Nigerians are tired of Hope. In the midst of all these, the only defense the defenders of this government has is that “We Do Not Understand Economics.”

Is there anyone reading this who needs a PhD in economics to know when he or she is hungry and suffering?

-KAA
#kaa_truths

Thank God I am not the person that posted this
But the ''gang'' may come after you for this.
What they blamed and attacked Jonathan and Buhari for (even though the impact was much less), they want people now to praise Tinubu for, even though the negative effects are more severe. Hypocrites!

I no send anybody oooooo

mikeapollo:
Thank God I am not the person that posted this
But the ''gang'' may come after you for this.
What they blamed and attacked Jonathan and Buhari for (even though the impact was much less), they want people now to praise Tinubu for, even though the negative effects are more severe. Hypocrites!

GeneralDae:
Cost of goods and services increased based on the removal of fuel subsidies and liberalisation of FX rates which the major opposition also campaigned for and criticised the former APC Government for not implementing. These are the consequences of those policies. You can only manage the situation and work to first stabilise things and then spur growth thereafter or you reverse the policies subtly or outrightly.

Did they equally say.What will be saved from those policies will be looted via dubious and bloated contracts. Why are they borrowing more even after those policies. I thought those two things whr the drain to the country revenue

You know I no longer talk about that here

SonofElElyonRet:

Mega oya tell us your target price bracket..

I don dey become elder now so I no dey like some yabbings by some uninformed persons

Has anyone checked SEPLAT's result? Is it reflecting Ayatollah and Strait of Hormuz? I am asking because of it's younger brother.

* BUACEM full bid @418....
Officially @418......+10%
* DANGCEM trading above 1k......no 100k yet...
PZ crossed 100! @107.80
* WAPCO:

Ita good but I expected a higgher revenue windfall. They made about $30 million more than the same time last year.

GeeKudi:
Has anyone checked SEPLAT's result? Is it reflecting Ayatollah and Strait of Hormuz? I am asking because of it's younger brother.