₦airaland Forum

IamPatriotic:
Who won't disagree with Atiku's almajiri economic policies, where everything is free, including marriage?

faoogoke:
Nigerians will be shocked but Peter Obi and Atiku will not when after removing subsidy fuel prices instead of going down remain high and there are long queue everywhere.
And typical of Nigerians, they will say again if only Tinubu had remained president, if only subsidy was not returned.
I will laugh tire...

IamPatriotic:
Who won't disagree with Atiku's almajiri economic policies, where everything is free, including marriage?

Kukutente23:
He should have just settled for that VP ticket with Atiku
He's looking more like a content creator nowadays

AWONEYAN:
Two confisonist that has opposing policies clamouring to rule Nigeria.

We have passed the level of gambling.

We are moving forward

Ofunaofu:
Report: Current Govt Added More Debt in Two Years Than Nigeria Accumulated in 55 Years

• Decries Nigeria’s debt service-to-revenue ratio

•Urges FG to declare fiscal emergency

A new policy brief has warned that Nigeria’s worsening debt profile and weak revenue generation have pushed the country into a dangerous fiscal position, with the current administration accumulating more debt in two years than Nigeria recorded during its first 55 years after independence.

The report, released by the Alliance for Economic Research and Ethics LTD/GTE, a Nigerian policy think tank, argued that the country’s debt crisis has evolved into a governance and revenue emergency, as debt servicing obligations now exceed the federal government’s retained earnings.
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According to the think tank, Nigeria’s public debt rose sharply from N87.38 trillion in June 2023 to N159.28 trillion by the end of 2025, with President Bola Tinubu’s administration accounting for about N65.9 trillion of the increase within its first two years in office.

The organisation in the brief titled: “Nigeria Is Borrowing to Breathe—and the Clock Is Ticking”, noted that Nigeria accumulated only about N12.06 trillion in debt from independence in 1960 up to 2015, meaning the current administration added more than five times that amount in just 24 months.

The report stated that while previous governments also contributed significantly to the country’s rising debt burden, the speed of accumulation under the current administration had intensified concerns over fiscal sustainability.

“President Bola Tinubu’s administration has added a further N65.9 trillion in just two years. To put that in perspective: it took Nigeria’s first 55 years of independence to accumulate N12 trillion in debt. The current administration has added more than five times that amount in 24 months,” it argued.

It recalled that Nigeria briefly became almost debt-free externally after the administration of former President Olusegun Obasanjo secured an $18 billion Paris Club debt relief package in 2005 and paid $12 billion to extinguish about $30 billion in external obligations.


https://www.thisdaylive.com/2026/05/22/report-current-govt-added-more-debt-in-two-years-than-nigeria-accumulated-in-55-years/

AWONEYAN:
Two confisonist that has opposing policies clamouring to rule Nigeria.

We have passed the level of gambling.

We are moving forward

DeepSight:
For me, this is the most important thing. Its ridiculous for the govt of the day and the opposition to all be saying the same thing. If they are, there is no point in opposition. Even if bringing back the subsidy is a bad idea (and it is not) certainly there is value in having opposing ideas which the electorate will interrogate.

FitCorper:
Tinubu really meant it when he said Peter Obi will soon campaign for him. 😂😂

AMINDA:
In politics, there is what is known as strategic silence. Clearly, Peter Obi is being used by Obasanjo who's only life mission is to see that Atiku does not become president. He has effectively weared himself thin and talked himself out of the 2027 conversation and will further bleed supporters as a result of this. He may still enjoy the euphoria from people screaming "Obi, Obi" every now and then, but winning a presidential election goes beyond that. You have to be disruptive and come up with policy positions that differ from the status quo. Otherwise, why are you opposing? If Tinubu is a Southerner and Obi left a unified coalition because it's the "turn of the South" and still wants to sustain fuel subsidy removal just like Tinubu, why then does he want to unseat Tinubu instead of stepping down and fully backing his re-election? Not as many people will troop out again to vote for him enmass like they did in 2027 if they see that he genuinely does not stand a chance. The 2027 election will be won by the candidate who is able to build the most momentum.

GloriousGbola:
Atikulator wey dey disguise

You were defending gej for the failed 2011 subsidy removal, now you are saying bringing back subsidy is a good idea.

We will all be alright las Las.

anonimi:
NNPCL’s subsidy payment jump by 47.9% to N7.1trn in 2024

November 26, 2025

The Nigerian National Petroleum Company Limited (NNPCL) paid a total of N7.1 trillion as subsidy for premium motor spirit (PMS) in 2024, this sum represents a 47.9 percent increase from N4.8 trillion recorded in 2023.

This is despite the government’s announcement of subsidy removal in 2023.

The company explained that the amount, which it termed ‘energy security expense’ arises when there is differential between the exchange rate used to freeze the premium motor spirit ex-coastal price and the prevailing rate at the point of import settlement.

According to the report, government had instructed that NNPC Limited cannot sell its PMS above a certain regulated price. It added that the cost of petrol import is usually much higher that the regulated price.

https://businessday.ng/news/article/nnpcls-subsidy-payment-jump-by-47-9-to-n7-1trn-in-2024/?amp

Eba50:
i get 12 year old bitter leaf tree for my compound. i don sense am say in 2 years time, e go begin dey distressed cos i later cement where i plant it , so i come cut 3 big shoots from it with roots, plant for another part of the compound, 3 months ago, and them don dey grow fast with deep roots as na rainy season, even for dry season, i go dey water them.we can use this approach for nigeria subsidy stuff. it should be phased out gradually within 5 years at most, not abruptly

Nefort:
This is a terribly low IQ comment. So because Tinubu and Peter Obi support subsidy removal there is no point for Peter Obi to unseat Tinubu? Is subsidy removal the only contested issue in Nigeria? What a load nonsense

NLCreator:
Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 elections, has defended the purchase of sports utility vehicles (SUVs) for members of the national assembly.

There have been reports that the leadership of the 10th national assembly has bought SUVs for all lawmakers.

Each SUV is said to be valued at N160 million.

The LP had asked members of the party in the national assembly to kick against “wastage”.

While responding to questions during a press conference in Abuja on Monday, the former governor of Anambra said the SUVs are not personal cars of the lawmakers, noting that they are for official use.

“Let me start with the issue of Labour Party members in the house. I have actually discussed this issue with them,” Obi said.

“Surprisingly, I can tell you I heard that these vehicles are official cars. They have to use it. It is meant for office.

“So it is not as if it is their vehicle. They said it is official cars and you are meant to use it while you are in the senate.”

Obi also hinted at contesting for the country’s number one position in 2027, adding that Nigeria deserves dedicated and visionary leaders who will lead the country towards a brighter future.

https://www.thecable.ng/theyre-for-official-use-obi-defends-purchase-of-n160m-suv-for-lawmakers/amp

Kukutente23:
I really feel for Obi here
He was caught between a rock and a hard place.
If he backed Atiku's proposal, he will be seen as lacking originality and also lose his fellow billionaire friends who are the prime beneficiaries of naira devaluation which they've all applauded.

He had no choice but to play safe but I think he did it very weakly. Since Atiku raised that counterpunch, I expected Obi to have come from the angle of accountability. That's the lowest hanging fruit.

Whether subsidy is removed or reintroduced, the fundamental thing is accountability. If subsidy is removed, where's the benefit of the removal? If subsidy is introduced. How do we ensure its not corrupted and mismanaged?

In fact, I expected him to have raised a team of forensic analysts who would have shown how this govt has mismanaged the subsidy removal aftermath. Because that's why they are sending you to the govs. They can't account for the proceeds of subsidy removal on their own.

Obi seems unimaginative to me. He just goes with the flow and hopes the saintly and meek persona he's posturing (which makes him look like he's just catching cruise) will endear him to Nigerians as it did for Buhari. Unfortunately, he's dealing with a propaganda machine that can find dirt and magnify it even when none exists.

I think Obi doesn't have the stomach and the grit for 2027. That's my honest assessment. He should just collapse his campaign because in the end, He is being used as a canon to distract the opposition by the APC in my view.

Willy2025:
I have been expecting this for long time. I know the dullard NPC candidate will definitely put his mouth where it doesn't belong . Both Atiku and PO are jokers. No vacancy in Aso Rock. Even Seyi Tinubu will defeat PO on a good. PO is so very empty. I don't know how he managed to govern Anambra State with that kind of brain and mindset. I prefer Charles Soludo or Alex Otti or even Gov. Mbah in Enugu. Any of these is a good presidential candidate.

AWONEYAN:
Two confisonist that has opposing policies clamouring to rule Nigeria.

We have passed the level of gambling.

We are moving forward

lawani:
I AM USING NAIRALAND TO FIND A MEANS TO GET THE FG TO PAY ME FOR MY INTELLECTUAL PROPERTY USED THAT IS YIELDING RESULTS FOR THE COUNTRY NIGERIA EVEN AS I HAVE NO INCOME BUT NAIRALAND MANAGEMENT IS BLOCKING ME? ALL NON SOCIAL MEDIA AVENUES TO SEEK AUDIENCE HAVE BEEN BLOCKED

That is the kind of world we live in. A company in business is obstructing a justice that does not slight it in any way just because it can. They lose nothing by supporting justice or by being neutral but choose to obstruct it

anonimi:
We are all alright already with Tinubu paying subsidy with a different name and hiking petrol price simultaneously.

Who is a more wicked politician than the amalanomics expert in balablu bulaba propaganda?

Thus, it said the money the federal government is owing it due to its interventions in energy stability during the year amounted to N17.512 trillion.

It listed the debt as “energy security cost” which amounted to N8.67 trillion and ‘other receivables from federation’ at N8.840 trillion.

It explained that the security cost during the year (2024) was made up of energy security expense of N7.1 trillion and N4.8 trillion for[b] 2023[/b].

AMINDA:
Obi no longer has strategists in his team and it shows. As a serious presidential aspirant, you can't continue to run a one-man show or at worst, have characters like Peter Akah and Mama Pee as your only close confidants. He went from having the likes of Senator Abaribe, Emeka Ihedioha, Umeh, etc in his team to this. Even Aisha Yesufu and Serah appear to have withdrawn from his corner. Even the synergy between himself and Kwankwaso is not there.

The problem with Peter Obi's position is that apart from a few points he may get for consistency, which rarely translates to electoral fortunes, his defense of subsidy removal is neither good politics nor good policy. The political sentiment in Nigeria has soured on subsidy removal because Nigerians have seen and are groaning from its aftermath. And the policy side of subsidy removal too is now in tatters, discredited by the failure of any of its many promised benefits to materialize.

saintkel:
Obi is empty yet it was people like u who gave us Buhari....even when it was obvious that d guy has nothing upstairs ..Obi is empty because it is Tinubu now....biased humans everywhere

Reloadedisraelp:
Na obi I go still vote for ...una go cry tired..😂😂 ....used that knowledge wey u get pass obi take change ur life first..😂😂