₦airaland Forum

mrvitalis:
Firstly that's a big lie at the bolded

Our trde deficit has always been between +4 billion to -4 billion dollars

If you add foreign remittance it has always been positive

India has always had negative trde deficit

Your naira is weak not from import.. But loans your government take

mrvitalis:
Let me start by saying this... If you are not grounded in economics please read and pass

There has been this sentiment in Nigeria that import is what's killing Nigerian economy.. Lmaooo uts funny

Let me start by saying this importation has never harmed any economy, lack of export is what kills an economy

If you refuse to import what you can produce cheaper than imported once you are reducing the living standard of your people by reducing their purchasing power

As a nation because you can produce something doesn't mean you should... Say the locally made A cost ₦100 and imported once cost ₦20 by all means allow import

Some import duty we have is exactly what is killing Nigeria

Why should there be import duty on wheat? Can we ever produce wheat effectively? Never

Why us their import duty on stock fish? Can it grow here?

Why is their import duty on turkey? Do we have a turkey industry?

Don't get me wrong I understand import duty on rice, we have the land and climate and labour to compete

But import duty on steel? Lmaooo England just closed its last steel company because it was running at a loss... Ajokuta can never work or produce steel cheaper or even 150% price of imported steel... The iron concentration is too low 33% minimum requirements is 68% ... So we would need to enrich it which would increase cost

Import duty on steel have killed many industry from going global because their steel price put them at a disadvantage...

We want auto industry but we have import duty on steel and aluminum? Funny people

Why is their import duty on fabrics? We can never compete in the fabrics industry our cottons are too expensive and production is too poor... Import duty on fabrics is preventing Aba from competitng with turkey🇹🇷 and Bangladesh

Ok you want to protect fabrics industry but you won't allow cotton import? Funny people

To put it plainly To export as a nation you must import especially if you want to export finished goods and not raw materials

There is a reason the biggest export nations are also biggest import nations

We need economic policy change as a nation

Well what do I know

uzorathena:
The Forum of South-East Academic Doctors (FOSAD) views with grave concern and deep disappointment the state of the Nigerian nation as President Bola Ahmed Tinubu marks two years in office. Contrary to the celebratory tone of the President's May 29 anniversary speech, the reality on ground reveals a tragic tale of failed leadership, worsening insecurity, economic misery, institutional collapse, and national despondency.

The Forum rejects, in its entirety, the President’s self-congratulatory narrative of achievement, which is disconnected from the lived realities of millions of Nigerians. Instead of progress, Nigerians have witnessed two years of suffering, silence, and state-sanctioned failure.

1. Insecurity and Terror Still Reign
Despite lofty promises, the security situation across the country remains dire. From Zamfara to Imo, Benue to Kaduna, criminal gangs, kidnappers, terrorists, and unknown gunmen continue to operate with impunity. The South-East remains militarized, yet unsafe. Communities are traumatized, and the state seems unable—or unwilling—to provide security.

2. Hyperinflation and Unbearable Cost of Living
President Tinubu’s economic policies have plunged the country into historic levels of inflation. The removal of fuel subsidy without a coherent plan has crippled transportation and production. Inflation now exceeds 40%, and the prices of food and basic commodities have skyrocketed beyond the reach of ordinary citizens. Nigeria today faces the worst cost-of-living crisis in its history.


3. Electricity Supply: A National Shame
Two years on, electricity remains epileptic. Blackouts have worsened, and tariff hikes continue to impoverish consumers. The national grid remains fragile, while government pretends reforms are underway. In the digital and industrial age, Nigeria still gropes in darkness.

4. Collapse of the Education System
Under this administration, Nigeria's education system is at its lowest ebb. JAMB and WAEC have been riddled with controversies. The so-called student loan scheme is a political gimmick with no clear funding strategy or implementation framework. It excludes the poor, burdens the future, and is clearly unsustainable. Funding for universities has declined, while brain drain continues unabated.

5. White Elephant Projects over Real Development
FOSAD condemns the prioritization of grandiose, misplaced projects like the Lagos-Calabar Coastal Highway, a vanity project with limited national value, while basic infrastructure across Nigeria is in decay. Roads in the South-East remain death traps. Public hospitals are underfunded, and local economies are in ruins.

6. Food Crisis: A Nation on the Brink
The cost of staple food items is at an all-time high. Farmers are being displaced by bandits and killer herdsmen, agricultural productivity is crashing, and the average Nigerian household is in a daily battle against hunger. The government has failed to implement any credible strategy to address food insecurity.

7. Tinubu's May 29 Speech: Propaganda, Not Progress
The Forum strongly condemns President Tinubu’s May 29, 2025 speech which seeks to whitewash failure and paint a false picture of progress. The speech was not only insensitive but also an insult to the intelligence of Nigerians. We urge the President to listen more to the cries of the people and less to the echo chambers of praise-singers and political contractors.

Our Call
FOSAD calls on all well-meaning Nigerians, civil society groups, organized labour, and student bodies to speak out against the deepening national decay. We demand a government that prioritizes people over propaganda, substance over showmanship, and policy over politics.
Nigeria is not working. The hardship is real. The suffering is national. President Tinubu must wake up to the sobering truth: his government, two years on, is a colossal failure.

Signed:

Dr. Stephen Nwala
President
Forum of South-East Academic Doctors (FOSAD)

Dr. Uzor Ngoladi
Secretary General
Forum of South-East Academic Doctors (FOSAD)

Umunzeorumba:
See Yoruba land wet develope pass USA

tonychristopher:
leave Lagos...call other parts of Yoruba from Ekiti to Ondo to Ogun


The problem with Yoruba land is Lagos cos they concentrate on Lagos and funny enough Lagos isn't a Yoruba project but a national project

Didijiji:
Clueless man removed subsidy

We are supposed to have excess money and be lending to other countries, they way you people blamed subsidy payments for everything

Useless APC party of demons

Uglyojuku:
YOU WERE BORROWING $1.5 BILLION DOLLARS EVERY MONTH TO SUSTAIN NAIRA AND BORROWED TRILLIONS TO SUSTAIN FUEL SUBSIDY.

YOU WERE NOT ABLE TO PAY WORKERS,ASUU,NASU AND ALMOST ALL NIGERIAN WORKERS WERE ON STRIKE BECAUSE YOU COULDN'T PAY THE MEAGRE #18,000 AND #30,000 YOU PROMISED.

INSTITUTIONS WERE WARY OF BORROWING YOU MONEY BECAUSE YOU WON'T BE ABLE TO PAY.
YOU DEPENDED ON LIFELINE AND YOU WERE DYING RAPIDLY.



TODAY,YOUR WORKERS ARE RECEIVING #85,000,#75,000,#70,000.
GOVS ARE RECEIVING TRIPLED ALLOCATIONS, THEY ARE PAYING THEIR DEBTS,SOME UP TO 90%.THEY ARE EXECUTING PROJECTS RIGHT,LEFT AND CENTRE.
FG JUST PAID OFF ALL IMF DEBTS,PAID OFF $7 BILLION FX BACKLOG ETC.
UNLIKE BEFORE WHEN YOU WERE DYING,NOW FITCH RATINGS,WORLD BANK,IMF,AfDB ETC ARE TELLING THE WORLD THAT YOU ARE NOT DYING ANYMORE BUT GETTING BETTER AND STRONGER.
YOUR EXPORT HAS GONE UP,LITHIUM FACTORIES ARE BEING SET UP IN NIGERIA IN WHICH CASE YOU WILL BE PRODUCING ELECTRIC VEHICLES,YOUR MINERAL SECTOR HAS GONE UP,THE GOODIES ARE NUMEROUS.


ONLY A MUMU AND A SADIST WILL LIKE TO GO BACK TO THAT UNSUSTAINABLE AND DYING LIFE YOU WERE LIVING BEFORE.

Agbegbaorogboye:
I stopped reading at that $1.5bn every month loan claim. Like someone must be extraordinarily stupid to believe that Nigeria was borrowing $1.5bn every month for 8 years!! Like who or where will you even get someone to borrow that sum from. A simple arithmetic for anyone with commonsense will tell you that $1.5bn every month for 8 years will be $144bn in 8 years!! While Nigeria's total debt as at 2023 may was $108bn!!
Those who fed you such bunkum must really think you're very low on the order of human intelligence. Far lower than neanderthals

specialmati:
ok hope you are comfortable with running after buses at busstops 20 more years to go sir.E pele

rinzaugustine:
Idris Abdul karim called tinubu a proud total failure which is an apt description of him

specialmati:
so 90 bullion vans to you from Agbero chairman Lagos State branch

safarifarms:
In essence, we should be grateful for also having flooding in Nigeria because it happened in US. Is it only bad things that Nigeria can be compared to these developed nations? When will we be able to compare good things happening in developed countries to same happening in Nigeria? APC has seriously brainwashed some people. And it will always be people from the land that the Chicago city boy built.

Umunzeorumba:
But why did Obi still go ahead to win se and ss without PDP's vote in 2023.

Umunzeorumba:
In 2019 Obi won ss and se and also got massive votes in Lagos as Atiku vice.

Umunzeorumba:
Cross River was under APC when Peter Obi win.He also win in Edo and Delta States two PDP States.People are the structure and not politicians.

SmartPolician:
The same heartless lending institutions that give you loans and don't mind you collecting the blood your citizens to repay their loans and pay interests on them? You should be worried whenever those folks are hailing a government.

Besides, leadership is about the people. When Nigerians, not fellow politicians, start praising this government, you know they are doing the right thing. For now, this administration is horrible!

SmartPolician:
Akin Adesina is about to retire from the AfDB and settle in Nigeria, so he doesn't want Tinubu's DSS harassing him for earlier saying that Tinubu has destroyed the country. That's why he's writing this ass-licking sequel

Maxymilliano:
https://www.vanguardngr.com/2025/05/tinubus-two-years-the-worst-in-nigerias-history-cupp/?fbclid=IwY2xjawKkyw9leHRuA2FlbQIxMQBicmlkETFsak53eUxtdENLNW9Yekh1AR7YDVE1fSm9kECvTjhA6qdiZshk5ag9dCJbyJFCXT1xBxtbeER53M81SMPfhQ_aem_C9yVdQYlgkMZqSRlLRPdsg

saysoo:
Get off Trump please.
Put Nigeria side by side with South Africa and Egypt with this your gibberish.
Why putting condition of 'if they don't loot it' knowing fully well notting will come out of it.
Do Nigeria Government know the size of its citizens they want to plan for?

rinzaugustine:
Tinubu, tunde bakare, Wole Soyinka , omolwoleye sowere, Enoch adegboye, odumakin and all those people from that region who incited the north everyday to stop the well performing 1st president from a region that produces Nigerian oil from completing his tenure due to their hate for Niger delta, today they are all silent but the regions hate for SS continues but God no Dey sleep because evil or good gets their reward at the right time. Read the post ☝️

RenaissanceGuy:
In other words, it's $10b this year and another one next year. I pray Argentina or Greece doesn't happen to Nigeria, because the amount of loan Buhari and Tinubu have taken within the last 10 years, is very grievous and can wreck our economy to smithereens.

abiodunbright:
You sound educated but where is all the saved billions from subsidy?