₦airaland Forum

HacheNoire:
Professor Wole Soyinka is highly learned and familiar with economics indices to assess and reach judgement.

You do not expect him to address issues when there is none. He is familiar with the great shift His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) is working on and aware about the course where The President is navigating towards.

When you see critics silent, is not that they are scared, bribed or being cowards. It is because they CURRENTLY do not have critical issues to address.

It will be nuisance for The Great Wole Soyinka to start addressing matters like Peter, who has no in-depth knowledge about economics or a sense of feasibility to know where the country is drifting towards.

The first term is gone already. What have Nigerians gained so far?
Facts are what actually affect the people, not figures. And as things stand, the facts remain bad. Worse than when Tinubu came in. So far, he has failed. Stop deceiving yourself

That's a very young child. What could that child have done to deserve this fate?
The north can never develop

Was it necessary to start building that highway if we had no money to do so? All these borrowings will only dig Nigeria in further. You said if we removed subsidies then we wouldn't have to borrow anymore during your campaign. But the reverse is the case

Freshtruth:
Atiku Abubakar pls step down now Nigerians are begging you



Ok movement is ready

Step down for who?
He has intentions for holding on until now




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stuffs2002:
Las las na me go end your criminal career as I have ended many criminal careers like yours.

E be like say to dey go prison never tire you with this your impersonation.

stuffs2002:
I don't expect criminals like you to like me because people like me ensure criminals like you don't walk freely on the streets of Nigeria and I get paid for it.

I make a career in jailing criminals in Nigeria which explains why you can't like me.

Rapist hate people like me
Armed robbers hate people like me
Ritualists hate people like me

In a nutshell, you now see why you are bound to hate people like me because we are the ones standing in your way and preventing you from committing all the crimes you want to commit

Elewon

stuffs2002:
My line of work is to send people like you to jail.
I get paid to jail criminals

Dey deceive yourself, experienced jailbird

stuffs2002:
Judges don't even waste time on your kind.

Cases like your are called open and shut case. Very easy.
Dem go give you prison cloth and space in less than 2 weeks

I talk am. This one don go jail before
Did you see the governor protest that poster? Silence is consent in this case, olodo

MASTAkiLLAh:
An Oba was kidnapped just few days ago in Kwara state, bandits attacked Igwuruta of all places in Rivers state and even little school children were kidnapped on their way to write JAMB two or three days ago but the problem of these wild animals is Peter Obi not how to secure this country or improve the economy, their problem is someone who came a distant third in last elections. No be gadus be dat ?

Why don't you make the cases of the kidnapped people your problem? Why are you not doing anything about it? Why is the op's thread your problem with all the problems in Nigeria?

The two of you are the same, you silly hypocrite

yemre:
So, you're the one claiming that one treated the other with disdain. Meanwhile, these people know where they meet irrespective of what they put out in the public. It is you people that drink Panadol for their headache.

This is not about tribalism, it is just about the class of people involved. The more you stay away from their drama, the better.

See your long post on top something irrelevant. Who's taking Panadol now?

stuffs2002:
That is why it is very very easy to send people like you to jail.

You are accusing the governor of doing something even with the person who did it fully displaying his name on the bill board.

That is why you will end up in jail.
If the governor did not support it, you think the other man would be confident to put his face on it. And they will leave it standing there?

insidelife22:
Everybody who supports Bulaba is also supporting Iran and hoping Trump never finishes with the terror regime
Coz they know after that it will be their turn.

Sane people across the world including in America do not support what Trump is doing.
It's only people from your place who think Iran US fight is a religious war.

yemre:
Politics of bitterness isn't practiced in the South West like you people. Politicians will always be politicians irrespective of their party affiliations.

I am from Ile Ife, Osun state. You can express yourself without bringing tribalism into it

I hate this kind of talk. How could you have won when the north voted largely against you? That's the problem with Nigerians, anytime they lose anything then someone has cheated them. Whenever super eagles lose, it's always ojoro.
Oga, there is no way on earth you could have won that election. You were popular only in urban areas of the south and middle belt.

stuffs2002:
Look at the billboard again. This time with your eye glasses on and you will find out that the person responsible for the billboard is not Governor Adeleke

You are not smart. If the governor didn't approve, the billboard wouldn't occupy that space

Why is he still supporting Tinubu who treated him with disdain?

Nigeria is not only poor but dirt poor

Nefort:
There are Yorubas in the south east as well. What the hell are you talking like your people are not in other regions?

Igbos are known for travelling everywhere for business. Igbos are also in the North in substantial numbers. So stop talking like Igbos come to south west because your region is paradise.

Go and tell your brother to stop opening stupid threads to measure dicks

ariesbull:
They are servicing the Loma not paying back via they don't have the capacity to pay the loan they just pay the interest and leaving the principle.... That's debt servicing

That's the way it is the world over, you silly man.
Why do you think the richest countries in the world are indebted?

ariesbull:
And they ain't paying ...money that will be used to pay back they are using it to service loans and not even paying the loans but servicing making them run higher Recurrent expenditure ... It stagnates the region ....

High debts isn't good !


High Debt Service Costs: Rising debt levels, particularly foreign debt, mean that a large percentage of revenue is directed toward paying interest and principal rather than public services. As of 2025, Lagos is facing significant foreign debt service, further stretching its finances.

Low Revenue Generation vs. High Debt: While states like Lagos have high Internal Generated Revenue (IGR), the growth of debt has often outpaced the growth of IGR, creating a sustainability issue. Other South-West states often struggle to generate sufficient revenue to meet even their recurrent expenditure, let alone pay off heavy debts.

Over-Reliance on Loans for Projects: Some states have accumulated debt to finance "white elephant" projects, including airport projects, that have failed to generate significant revenue or economic growth in the region.

Missed Development Opportunities: The debt burden has caused stagnation in critical sectors. For instance, the funds that could have been used to improve education, healthcare, and infrastructure are instead utilized for debt repayment, leading to a decline in quality of life.

What do you mean they're not paying back? Where's your evidence?

ariesbull:
South West isn't developed trust me! Remove Lagos ...travel to Ondo towns like Okitipupa, Ogun villages like Ijebu Itele, Ijebu Remo or Osun villages like Ede and Ige on your way to Oshogbo or EKITI state drive to Ado


Oga we know all these things




Keep arguing and living in delusion

Data is fact and sacrosanct

Is Lagos not SW again?

Besides built up doesn't mean development, it simply means your tiny enclave is congested..
That's why you can't stay at home

ariesbull:
No..don't put the blame on Lagos it is majorly Lagos ,Ogun and Osun


Lagos State is the most indebted state in South West Nigeria and Nigeria overall, holding a total debt stock exceeding

trillion as of mid-2025. The region is a high-debt zone, with Ogun and Osun following Lagos, while Ondo frequently reports lower debt profiles.

Most Indebted States in South West Nigeria
Lagos State: Holds the highest debt in the region and country, often accounting for over 50% of the zone's total domestic debt.

Ogun State: Consistently ranks among the top debtors in the region, with significant domestic debt.
Osun State: Notable for its high debt-to-revenue ratio and substantial domestic indebtedness.

Oyo State: Maintains a high, though generally lower, debt profile compared to Lagos and Ogun.
Ekiti State: Faces challenges with rising debt accumulation despite tax revenue growth.

Only Ondo State: Generally reports the lowest domestic debt profile in the South West region

And the SW including Lagos is far more developed than SE. Or are you trying to say that Lagos is not SW? You don shoot yourself for leg

ariesbull:
This is the problem with South West Education...I didn't say SE economy is bigger .... Or larger


I said development.... Let me break simple developmental economics down for you


Germany has a big economy in Europe , we agree but the best countries that have beat standard of living in Europe are Luxembourg, Switzerland, Monaco and Liechtenstein... These are tiny European countries

Lagos has a big economy but most people in Lagos doesn't have decent lives compared to people in Enugu or Abuja ... That's called standard of living


Look at this map ,I hope you can interprete it ....South East has the lowest poor people in Nigeria while South West has the highest poor people in southern Nigeria

Even NELFUND, the South East didn't apply much to it..why? They don't need to borrow to pay school fees meaning they are well off unlike South West that their youths are borrowing to pay school fees

....data don't lie! You can argue

When you don't have apacity to pay back then you can't grow economy that's why South West States are backward in Nigeria.
That was what you said. You said economy, not development. Do you see why people are ignoring your thread? You Are very spurious just like you people are known for. In terms of economy and development, SE is behind SW.

ariesbull:
When you don't have apacity to pay back then you can't grow economy that's why South West States are backward in Nigeria... Remove Lagos you see backwardness

Try visit villages in south West and South East and Niger Delta and compare

Show us how the economy of the SE is bigger than the economy of the SW. I dey wait

ariesbull:
Is Lagos not South West? Ok do you want to deny that ?

It is SW and the debt is majorly owed by Lagos. That's why you see a lot of development in Lagos, a Yoruba state compared to any ibo state.

And in addition there's no ibo state that has the infrastructural development of Oyo state. None

ariesbull:
Show us the benwfiest in South West from roads to schools to hospitals ... South East have the best roads and hospitals ...let's compare

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

Nefort:
They only come to Lagos and not the whole south west. They come to Lagos because the federal government made Lagos the commercial capital of Nigeria.

You are not telling yourself the truth. Your people are all over the SW. Ibadan used to have more ibos until the 80s. Ibadan is still home to many of your people and their businesses

ariesbull:
As of 2025, South-West Nigeria is the most indebted region, led by Lagos State's ₦1.04 trillion debt, which contributes to a regional total surpassing ₦1.43 trillion. This high debt, driven by infrastructure needs and currency depreciation, creates fiscal pressure, forces reliance on federal allocations, and limits funding for essential services like healthcare and education.

Regional Debt Dynamics and Implications:
Most Indebted Region: The South-West holds the highest debt profile, primarily driven by Lagos State (₦1.04 trillion) and supplemented by significant debt in Ogun and Oyo.

Implications of High Debt:

Reduced Development Spending: High debt servicing obligations limit funds for essential social services (healthcare, education) and infrastructure.
Fiscal Vulnerability: Continued borrowing,
particularly in foreign currencies, makes the region vulnerable to currency shocks and devaluation.

Dependency on Revenue Allocation: Despite having high Internally Generated Revenue (IGR), states like Lagos and Ondo rely on federal transfers to meet debt obligations.

Reduced Public Services: The high cost of debt servicing limits the ability of the government to provide public services to residents.

Management Strategies: Experts emphasize the need for stronger oversight, improved fiscal discipline, and linking borrowed funds directly to projects that generate economic growth.


Key Regional Data (2025):
South-West Debt: ~₦1.43 trillion (Highest).
Top 10 Most Indebted States Include: Lagos (1st, ₦1.04 trillion), Ogun, and Osun.

External Debt: The South-West accounts for 34% ($1.7 billion) of Nigeria's total external debt.

These figures suggest that while the South-West is the economic hub of Nigeria, its rapid development is heavily financed by borrowing, which raises sustainability concerns if not managed with strict fiscal discipline.

When it is convenient for you, you remove Lagos from SW. You are such terrible people. Tribalistic

aworatak:
The states keep accumulating debts without anything to show for it. The one of the south west is quite troubling.
The blame lies on the so called lenders who advances loans to every tom dick and harry.

No, it's not. You can't grow your economy without some form of debts. Ability to pay back is what counts. Do you make enough revenue to be able to pay back?