₦airaland Forum

It more scary that the churches are not saying anything

NotOgaSeun:
Where the country go?..........
Cause I no understand wetin he dey talk

you are not supposed to understand because the person that removed your B didn't programmed that kind of statement in you

Election season don reach now you care

Davido should keep quiet,his uncle is what?a governor of a state,dancing all over even dancing instead of talking on sensitive issues

ibedun:
Which evil government? Na government born una?

1.8m barrels of crude per day at $65 = $40billion per year.

Population is 250million

This is extreme poverty and very limited government revenue and options.

Most of you don’t realise how very poor we are.

Do a comparison with Saudi Arabia, Qartar, Iraq, Libya and Algeria or even Angola.

Nonsense

Don't mind them. They are extremely ignorant. I have come to accept , over the past 3 years Tinubu has been President, that Nigerians are ignorant and way over-hyped.

Reno Omokri made exactly same point you did when he wrote that Nigeria is not an oil-rich Country but can you get the average Nigerian adult to understand and work with that fact instead of them ignorantly believing we have enough wealth for every Nigerian to be gifted free cars, homes, healthcare, education etc?

Only Nigerian adults are childlike enough, including the likes of Davido, not to be able to work with the cold facts presented below which shows how much trouble we are in as a nation and the sacrifice each of us must be ready to make so we bounce back instead of virtually every Nigerian adult hosting an ignorant sense of entitlement.

We are broke and this is the main reason our problems, including security, can't be addressed faster.

Our Country's main problem are structural and have accumulated over decades because successive Nigerian Presidents and heads of States failed to do what must be done.

Only Tinubu is attempting to do that and the rest of the educated adult world, which apparently excludes Nigeria, are praising him because they understand our path to rehabilitation, given the very severe damage done over decades, cannot come without pain and sacrifice.

Nigerian leader also display the excesses, egotism and lack of sacrificial discipline that typifies the black man.

Most of our people are functional illiterates who 'only think of rice and Eba" (Reno Omokri) hence the reason they don't have the cognitive skills to properly understand how much trouble we are in and this the solutions required.

Leaders like Atiku, Obi, Kwankwaso etal compound the problem fooling an ignorant people by making it seem like they are the solution when they know, and as the international community confirms, Tinubu is applying precisely the right solutions to rehabilitate Nigeria. For all a nation so troubled, leaders should be working together regardless of political Party but Nigerian leader are busy worshipping their own personal and selfish interest.

fergie001:
David Adeleke

Davido

How much money has he raised for Osun State sports fund since his uncle gave him the job

What has the money been spent on?

Kog45:
Davido should keep quiet,his uncle is what?a governor of a state,dancing all over even dancing instead of talking on sensitive issues

Precisely. Virtually all Nigerian adults are irresponsible and professional gaslighters starting from leaders like Atiku, Obi etal.


It is always the fault of others and never that of them and their own. Every Nigerian is a saint and the fault is with others.

Has Davido's Uncle not taken Osun backwards incredibly with his inept and completely incompetent leadership?

Why is he not rising up against his uncle's woeful leadership and rather going up and doing working for the Adeleke's to secure a second term as political leaders of Osun State?

ibedun:
Which evil government? Na government born una?
1.8m barrels of crude per day at $65 = $40billion per year.
Population is 250million
This is extreme poverty and very limited government revenue and options.
Most of you don’t realise how very poor we are.
Do a comparison with Saudi Arabia, Qartar, Iraq, Libya and Algeria or even Angola.
Nonsense

Your Stockholm Syndrome synopsis failed.

Why is Tinubu and his cronies spending our money recklessly if they are not the ones responsible for the extreme poverty, unemployment and hyperinflation that encourages people to be criminals and terrorists


https://www.nairaland.com/post/125340351

chisomkachy:
Nigerian President Bola Tinubu’s first supplementary budget includes a fleet of SUVs for himself and his wife, a presidential yacht and the renovation of his villa amid a cost-of-living crisis for some of the poorest people in the world.

The proposal — which seeks additional funding beyond the annual budget approved by Tinubu’s predecessor — comes as the government asks Nigerians to persevere through pain caused in part by a raft of economic reforms ushered in by the new president. Africa’s most populous country faces rampant unemployment, soaring food prices and a plummeting currency.

Federal lawmakers approved the president’s request for extra spending on Thursday, but eliminated the provision of 5 billion naira ($6.01 million) to buy a presidential yacht. Instead, they doubled the allocation to a student loan fund to 10 billion naira, according Abubakar Bichi, chairman of an appropriations committee in the House of Representatives.

The lawmakers approved 1.5 billion-naira proposed to purchase SUVs for the office of First Lady Oluremi Tinubu — an amount larger than that allocated to many individual federal colleges. The supplementary budget also proposes almost 6 billion naira to purchase SUVs for the presidency — more than the amount initially allocated to fund a student loan program for poor families.


https://www.bloomberg.com/news/articles/2023-11-02/nigeria-budgets-for-suvs-and-yachts-amid-economic-hardship

@@@@@@
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anonimi:
The eyesore on Bourdillon Road
2nd January 2025

Beyond his neighbours, there is something about the sight of people hanging around a president’s residence that does not speak well of his leadership capabilities. Maybe no one has nudged him to see it, but the impression that spectacle on Bourdillon Road generates is that Tinubu enjoys the sight of suffering humans and thrives in—and through— their poverty.

If all these years, impoverished people hang around you and you remain comfortable enough to keep them just so they can be handed tokens of your large heart, then it means you have a pro-poverty mindset. Such a frame of mind is oriented toward cultivating poverty rather than stimulating abundance.

That is why he could unproblematically relate the story of his “friend” who went from using five Rolls Royce to a far-less valued car and not consider the import of the nonsense he was saying. That spurious account was an indication that this is a man for whom poverty—of others, not himself—is an ideal.

https://punchng.com/the-eyesore-on-bourdillon-road/

anonimi:
How much money has he raised for Osun State sports fund since his uncle gave him the job

What has the money been spent on?

Indeed. The bolded illustrates the issue at the core of Nigeria's problem.

A Country of many irresponsible adults always seeking to blame others for their problems without the humility and awareness to understand they must be part of the solution and play their part.

Davido is busy running up and down trying to aid his Uncle's second term project yet we all know the dancing Governor should be tossed out He can gaslight the FG but, close to home and with Osun, he is not ready to be responsible and stand for what is in the best interest of the masses.

WizardOfNG:
Precisely. Virtually all Nigerian adults are irresponsible and professional gaslighters starting from leaders like Atiku, Obi etal.

It is always the fault of others and never that of them and their own. Every Nigerian is a saint and the fault is with others.

Has Davido's Uncle not taken Osun backwards incredibly with his inept and completely incompetent leadership?

Why is he not rising up against his uncle's woeful leadership and rather going up and doing working for the Adeleke's to secure a second term as political leaders of Osun State?

There is no worse gaslighting leader looter than your Jagaban of Borgu.

How much is petrol now, more than three years after he promised to crash the price, before he was allowed to grab power and hit the ground running

WizardOfNG:
Indeed. The bolded illustrates the issue at the core of Nigeria's problem.

A Country of many irresponsible adults always seeking to blame others for their problems without the humility and awareness to understand they must be part of the solution and play their part.

Davido is busy running up and down trying to aid his Uncle's second term project yet we all know the dancing Governor should be tossed out He can gaslight the FG but, close to home and with Osun, he is not ready to be responsible and stand for what is in the best interest of the masses.

What useless wizard tosses out a performer to replace him with chronic debtors and wicked politicians like those in Oshiomhole’s Assembly of Past Criminals, APC?

Who does that

fergie001:
Adeleke paid my dad's gratuities and salary arrears, he also paid my mum's salary arrears both owed by APC. I will travel home to Iwo just to cast that my one vote for him. I will go home and vote for him.

BobbyFeran

Stomoney:
Not only entertainers

I'm not sure labour union still exist
Same with NUT
No protest against this kidnapping, everyone just continued their normal life as if nothing happened

Labour Union wey Dey look for union dues to thief?

anonimi:
There is no worse gaslighting leader looter than your Jagaban of Borgu.

How much is petrol now, more than three years after he promised to crash the price, before he was allowed to grab power and hit the ground running

You'll make good point in one post and then submit ignorant conclusions in the next. Petrol prices was always bound to increase because the government decided we must stop fuel subsidy, that kept prices artificially low, so our economy benefits from the profit that can be made from a fully deregulated oil and gas downstream sector.

Petrol was this and that under GEJ and Buhari is the complaint of many adults who should be educated enough to understand that was an artificial and self-destructive construct only leading Nigeria towards bankruptcy and total collapse.

Same with removal of subsidy of Naira that gave it false value, made it a less convertible currency and starved Nigerians of Forex to engage in socio-economically productive activities capable of increasing Nigeria's growth and success. Mainly the currency arbitrage crew, economic saboteurs in really, were benefitting from subsidy of the Naira and not ordinary Nigerians.

This is why I laugh when Nigeria say dollar was this that that under GEJ and Buhari. How can an educated adult not be able to grasp the fact that subsidy of the Naira, that inflated it's value artificially yet had negative consequences for Nigeria, was responsible for that and needed to be corrected for the long-term socio-economic development of Nigeria?

Even as you don't wish to see it, there are massive benefits of fuel subsidy removal visible. No State is owing workers salary or borrowing to pay them as was the case under GEJ and Buhari.

Massive volume of critical infrastructure ongoing across virtually every corner of Nigeria. NELFUND assisting every Nigeria to secure higher education even if dirt poor.

MREIF mortgage scheme, never before seen in our history, giving Nigerians loans of up to 100 million at 9.75% interest rate to buy homes with repayment over 20 years whereas what Nigeria had before Tinubu had been mainly developer loan schemes typically over 12 to 24 months with repayment interests above 25%.

I could go on all day. The Tinubu Government is actually improving Nigeria well. The problem is that the average Nigerian adult is irresponsible, has an unenlightened sense of entitlement and is highly ignorant, in comparison to his peered worldwide, meaning we have evolved a blame culture that makes the average Nigerian not interested in understanding the grave nature of our problem to then note the solutions required that will require patience and sacrifice from him/her also.




https://www.youtube.com/watch?v=Ph5XCf8jgOE?si=BkLUx3lV4KIW_lQO

anonimi:
What useless wizard tosses out a performer to replace him with chronic debtors and wicked politicians like those in Oshiomhole’s Assembly of Past Criminals, APC?

Who does that

You're delusional bro.

WizardOfNG:
You'll make good point in one post and then submit ignorant conclusions in the next. Petrol prices was always bound to increase because the government decided we must stop fuel subsidy, that kept prices artificially low, so our economy benefits from the profit that can be made from a fully deregulated oil and gas downstream sector.

Petrol was this and that under GEJ and Buhari is the complaint of many adults who should be educated enough to understand that was an artificial and self-destructive construct only leading Nigeria towards bankruptcy and total collapse.

Same with removal of subsidy of Naira that gave it false value, made it a less convertible currency and starved Nigerians of Forex to engage in socio-economically productive activities capable of increasing Nigeria's growth and success. Mainly the currency arbitrage crew, economic saboteurs in really, were benefitting from subsidy of the Naira and not ordinary Nigerians.

Tinubu promised to crash petrol price and failed.
He promised to make a dollar equal to N300 in the short term before making it N200 by May 2027. He failed to deliver, even though he said he saved billions of dollars in subsidy and increased exports.

Any idea what he is doing with all the money apart from stealing it to bribe politicians into APC and buy votes from deliberately impoverished people

ijustdey:
Nigeria will pay an interest of 11.85 percent per annum on the $3.3 billion “pre-export finance facility” (PxF) facilitated by the Nigerian National Petroleum Company (NNPC) Ltd and arranged by Afrexim Bank, TheCable can report.

Until now, the fine details of the transaction, which has a five-year tenor, had been withheld by all parties involved.

A similar cocoa-backed $800 million facility arranged for Ghana by its cocoa marketing board attracts an interest of 8 percent per annum.

Bilateral lenders, such as the International Monetary Fund (IMF), would typically charge 1-3 percent with a longer tenor.

In the details seen by TheCable, Nigeria pledged a total of 164.25 million barrels of crude oil — at 90,000 barrels per day — starting from 2024 to repay the loan through Project Gazelle Funding Ltd, an “orphan” special purpose vehicle (SPV) incorporated in Bahamas for the PxF.

Effectively, the NNPC has pledged 38.58 percent of five years’ worth of tax and royalty oil to secure the loan.

Nigeria pledges over $12 billion worth of oil
At the beginning of 2024, a barrel of Nigerian oil was sold at the international market at $77.93 per barrel, according to the Central Bank of Nigeria (CBN) data.

At $77.93 per barrel, the 164.25 million barrels of oil pledged by Nigeria equals $12.8 billion — about three times more than the facility taken.

Pre-2014, the national oil company used to remit an average of $3 billion from oil sales every month.

Officially, Project Gazelle Funding Ltd (PGFL) is the borrower while the NNPC is the “sponsor” and will pay with oil to the SPV to liquidate the loan.

To make the repayment, the NNPC will forward-sell 90,000 barrels per day of Nigeria’s share of offshore crude oil under the production sharing contract (PSCs) with the oil companies.

Under PSCs, the companies usually pay royalties and taxes by giving the oil equivalent to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Federal Inland Revenue Service (FIRS) respectively.

The NNPC in turn exports the oil on behalf of NUPRC and FIRS and remits the proceeds to the agencies.

This is part of the revenues paid into the federation account and shared by the three tiers of government.

But under the PxF, the revenue from 90,000 barrels per day will be used to service the loan in the next five years.

The loan arrangers will get a commission of $66 million or 2% of the facility, TheCable further learnt.

Nigeria will pay 2 percent penalty per annum in the event of a default.


‘DOLLAR LIQUIDITY TO STABILISE THE NAIRA’

The national oil company announced in August 2023 that the PxF was to support the federal government “in its ongoing fiscal and monetary policy reforms aimed at stabilizing the exchange rate market”, describing it as “a relief for the naira”.

It called the facility “crude oil repayment” with an upfront cash loan “against proceeds from a limited amount of future crude oil production”.

At the time, the dollar exchanged for an average of N775 in the official market and N885 on the streets.

The rates have now moved to N1,035/$ (official) and N1,230/$ (parallel).

Nigeria’s outstanding forex liabilities are currently thought to be over $7 billion.

In an explainer after announcing the PxF last year, the NNPC said its exposure is very limited, “covering just a fraction” of their entitlements and that “there are no sovereign guarantees tied to it”.

It said it “will also equip the Federal Government with the necessary dollar liquidity to stabilize the Naira, with limited risk”.

A strengthened naira as a result of the initiative, it said, “will lead to a reduction in fuel costs. This means that if the Naira appreciates in value, the cost of fuel will drop and further increases will be halted”.

It also ruled out subsidies, maintaining that a stronger naira “will result in lower prices from the current level, making subsidies unnecessary. The deregulation policy remains unchanged”.

Critics questioned NNPC’s involvement in getting loans to boost forex reserves when it should be concentrating its efforts on bringing in more oil revenues.

There were also questions over the decision to pledge the tax and royalty oil belonging to the entire federation to secure the loan.

Analysts also queried why the details of the deal were never made public.

https://www.thecable.ng/exclusive-nigeria-to-pay-11-85-interest-on-3-3bn-afriexim-nnpc-loan-pledges-164m-barrels-as-security/amp

WizardOfNG:
You're delusional bro.

You are talking about yourself sir, as you wizardly wish for a return of the worst looters in Osun State.

God will not allow this to happen. .



https://www.youtube.com/watch?v=FiQ2oBmOqtI&pp=0gcJCU8Co7VqN5tD&ra=m

From Service To Suffering: Osun retirees narrate tales of neglect

January 9, 2020

Omoniyi Ilesanmi spent three months on the sickbed where he incurred N393,000 to treat himself of arthritis – the inflammation of one or more joints, causing pains and stiffness, which worsens with age. He served the Osun government for over 30 years.

“In 2013, I was on the hospital bed for three months nursing arthritis and spent N393,000 as medical expenses,” he narrated his post-retirement story.

“This is where we ‘less’ our thinking and wind away time,” Mr Ilesanmi said adjusting his cloth to position himself for an interview.

He had invited this reporter over to a drinking joint in Osogbo, the state capital, where he and old friends who retired from the state civil service have made a tradition of ”drinking away their sorrows” every evening.

Retired as an assistant director in 2012, he could only account for the medical bills and not miscellaneous expenses. “If my family were not around me, I would have died,” he lamented.

Another retiree and friend of Mr Ilesanmi also narrated his experience. The retiree, who asked not to be named, said he has been disposing of his properties to fend for his family. He retired in the security department of the state house of assembly.

“In 2014, when nothing was forthcoming from the government, I had to sell my building in Owode Ede at a cheap price in order to keep my family,” he said.

Both men complained of not being paid their gratuity – the statutory lump sum paid to an employee to sustain life after retirement – saying it worsened their predicament.

https://www.premiumtimesng.com/news/headlines/371661-from-service-to-suffering-osun-retirees-narrate-tales-of-neglect.html?tztc=1

What do they need to say. Your uncle is making his state people happy. Even many of them that dint benefit from his governance still want him for 2nd term. So, that means the country is fine.

fergie001:
David Adeleke

Davido


Davido

NotOgaSeun:
Where the country go?..........
Cause I no understand wetin he dey talk

Truly you no fit know ooo. Because you live abroad

Stomoney:
Not only entertainers

I'm not sure labour union still exist
Same with NUT
No protest against this kidnapping, everyone just continued their normal life as if nothing happened

Tiuubu has factionalized every opposition and strong social institutions. NLC used to be the apex Labour organisation but Tinubu will pay TUC to remove themselves if NLC organizes protest. Same with ASUU.... even religious bodies are not spared.....If CAN talks today he can even bribe PFN to come out and say something contrary.

I just pity those APC supporters who cannot see beyond party loyalty. What Tinubu tested in Lagos is exactly what he is now replicating. We warned in 2022 but the dog that is destined to get lost will never hear the hunters whistle

anonimi:
You are talking about yourself sir, as you wizardly wish for a return of the worst looters in Osun State.

God will not allow this to happen. .



https://www.youtube.com/watch?v=FiQ2oBmOqtI&pp=0gcJCU8Co7VqN5tD&ra=m

Grow up. Where, in anything I have written do you note an appeal for the return of Oyetola? Point is that Adeleke is a failure. How is that difficult for you to comprehend?

I forget you always mainly talk emotionally and sentimentally according to your prejudices against leaders and political Parties.

WizardOfNG:
Grow up. Where, in anything I have written do you note an appeal for the return of Oyetola? Point is that Adeleke is a failure. How is that difficult for you to comprehend?

I forget you always mainly talk emotionally and sentimentally according to your prejudices against leaders and political Parties.

If you are a wizard truly, then why are you failing to see that Oyetola’s lackey will be a repeat of the worst governor in Osun State from APC

Governor Ademola Adeleke paid 2 months half salary arrears owed by the past APC administration in the state today 01/01/2025 when Osun APC were still nursing the bullet wound of new minimum wage alert before 2024 Christmas.

https://x.com/dukeofosun/status/1874540535018557809?s=46

Everything is bad in nigeria. If You talk now problem! Even the same poor citizen go attack you self for fighting for them. If you Fight for police men make the government take good care of them meh the same police men now go still come arrest you. So Everything is win win for the government 🤔. Nothing for we! because nothing is working.
Salary 35k rent 35k some state rent 45k to 50k, only fewer state paying the 70k minimum wage! so how all these workers survive 🤔 really ? It a lie meh! is only through bribery someone can survive such life. I see why corruption is 90% in nigeria because the system forcing the citizens 🤔 to do it because they are in surviving mode. Nigeria system of government is really bad. Very very bad to humanity 😕.

WizardOfNG:
You'll make good point in one post and then submit ignorant conclusions in the next. Petrol prices was always bound to increase because the government decided we must stop fuel subsidy, that kept prices artificially low, so our economy benefits from the profit that can be made from a fully deregulated oil and gas downstream sector.

Petrol was this and that under GEJ and Buhari is the complaint of many adults who should be educated enough to understand that was an artificial and self-destructive construct only leading Nigeria towards bankruptcy and total collapse.

Same with removal of subsidy of Naira that gave it false value, made it a less convertible currency and starved Nigerians of Forex to engage in socio-economically productive activities capable of increasing Nigeria's growth and success. Mainly the currency arbitrage crew, economic saboteurs in really, were benefitting from subsidy of the Naira and not ordinary Nigerians.

This is why I laugh when Nigeria say dollar was this that that under GEJ and Buhari. How can an educated adult not be able to grasp the fact that subsidy of the Naira, that inflated it's value artificially yet had negative consequences for Nigeria, was responsible for that and needed to be corrected for the long-term socio-economic development of Nigeria?

Even as you don't wish to see it, there are massive benefits of fuel subsidy removal visible. No State is owing workers salary or borrowing to pay them as was the case under GEJ and Buhari.

Massive volume of critical infrastructure ongoing across virtually every corner of Nigeria. NELFUND assisting every Nigeria to secure higher education even if dirt poor.

MREIF mortgage scheme, never before seen in our history, giving Nigerians loans of up to 100 million at 9.75% interest rate to buy homes with repayment over 20 years whereas what Nigeria had before Tinubu had been mainly developer loan schemes typically over 12 to 24 months with repayment interests above 25%.

I could go on all day. The Tinubu Government is actually improving Nigeria well. The problem is that the average Nigerian adult is irresponsible, has an unenlightened sense of entitlement and is highly ignorant, in comparison to his peered worldwide, meaning we have evolved a blame culture that makes the average Nigerian not interested in understanding the grave nature of :Pour problem to then note the solutions required that will require patience and sacrifice from him/her also.



https://www.youtube.com/watch?v=Ph5XCf8jgOE?si=BkLUx3lV4KIW_lQO

If all is well with the economy and security why prices or food and commodities going up instead of coming down?

Any economic achievement that does not translate into practical positive change for ordinary citizens is paper achievement. We keep hearing that inflation rate has reduced yet the price of commodities and taxes have quadrupled.

People are afraid of traveling now insecurity was news in the southwest before now but gradually ondo, ogbomoso children are still in the hands of kidnappers.

Things were not as bad as this under Goodlick when you are your stupid leaders called GEJ incompetent and asked him to resign. How you can turnaround and whitewash a government that is 10x worse is a shame and the highest form of delusion.

For all of you suporting this evil government calling black white and calling evil good none of you will escape the "good" things you are supporting

Isn’t this the same person who only recently ended up kowtowing to the very president they blame for ruining the country?

Kay25:
Don't mind davido oo na because of im uncle he dey rant ooo

And you don't want him to rant coz the president is from your region

temmyyem:
It's unfortunate that our people have been disarmed with 400 years of indoctrination using govt, Christianity and islam.

Black man know your enemy before it's too late.

Na talk like this we need. Let us start here. But the inductrination is deeper.

2

ibedun:
Which evil government? Na government born una?

1.8m barrels of crude per day at $65 = $40billion per year.

Population is 250million

This is extreme poverty and very limited government revenue and options.

Most of you don’t realise how very poor we are.

Do a comparison with Saudi Arabia, Qartar, Iraq, Libya and Algeria or even Angola.

Nonsense

And who is responsible for creating national wealth, national leadership. Just as the father is responsible for lifting the family, just as the governor is responsible for lifting the state, just as the CEO is responsible for the fortunes of the company.

The quality of leadership matters. That we have been dependent on 1.8 million barrels of oil since time immemorial simply shows we have not had qualitative leadership. Agreed that is entirely our fault. We are poor because of our poor quality leadership choices.

If Davido with his billionaire lifestyle from small age can understand " Nigeria don go"

then one call himself "richtaiwo" .. Unto small change e dey gain from apc meetings his claiming Nigeria is now better ..

Student loan ... and coastal road .. thats transformation to better Nigeria

Dem suppose pack apc supporters go do thorough MRI check .. I swear

Like your family didn't profit from the corrupt system, use us to catch cruise