₦airaland Forum

nairalanda1:
The reason why we borrow and have been borrowing
1. Government revenue from taxation is not sufficient for a nation our size. Most people do not pay tax because the economy is largely informal

2. Revenue from oil is also not sufficient for a nation our size and has been over the last 40 years at least 80% of government revenues

3. A lack of commitment to fighting corruption by most governments.

Taxes don’t grow countries. Proper management of resources and revenue do. There are countries that collect zero tax and they’re doing fine.

Nigerian politicians tax everyone and everything directly and indirectly and loot all the proceeds.

You have my vote already. No worry I go campaign for you.

“It is very easy to destroy but difficult to build, the various reforms being rolled out are meant to rebuild the destroyed Nigeria by previous administrations.”

This same man was a minister in Buhari’s cabinet. The same reforms Buhari did for 8 years because past administrations destroyed Nigeria is what Tinubu is doing again.

You’ll be sent back to Nigeria to come and share rice when they finally pack your load for deportation.

You carry you family land and property sell to highest bidders. They buy from you, you still ask them to pay owo omo onile, oba, etc, they do.

When they start lording over you in your so called land you start getting angry forgetting that you sold those properties to them willingly out of greed and lack of foresight to make good use of them.

You lavish all the money realized on owambe and faaji and you return to square zero after a few months.

So far this pattern continues, you have no right to tell anyone to go back to his state or region.

ayoolataiwo:
Previous administrations really dealt this nation a great blow,many years ago a barrel was sold for as high as $150 and inflation was drastically low.Those greedy lots was busy stealing here and send abroad their lots,significant mechanisms should have been put in place to save for the rainy days probably the situation might have been better

You lie. Never was there a time crude sold for as high as 150$ a barrel, the highest price is $147.5 a barrel and that was for just few months.

Between 2015 and 2023 Crude sold for an average of $64 a barrel. It went as high as $100 a barrel in 2022. What did APC and Buhari do with money made from crude sales.

IGR economy.

muykem:
1. Many Nigerian students are enjoying students loan.the era of student drops out of school because of school fees is over.
2. Fiscal stability, the era of states struggling to pay salaries and meet their responsibilities is over.
3. FCT has taken a new look under able minister Wike.
4. Several federal roads works is ongoing under able minister David Umahi.
5. Uncountable achievements in the ministry of interior even opposition confess.
6. We are having a good deal in aviation as many countries has accepted our local airline in their air space.
6. Revenue to debt ratio improved from 97% to 67%.
7. Nigeria foreign reserve has increased from 32b dollars to 40b dollars etc

1. Many more students were able to go to university during other presidents tenure.
2. Many states still owe salaries and struggle to pay even the old minimum wage.
3. FCT took a new look under President Obasanjo all thanks to El Rufai.
4. There’s no past president that didn’t work on federal roads since 1999. Obj, Yaradua, Jonathan, Buhari.
5. Ease of getting passport isn’t achievement. During Buhari’s era, a friend got his passport in Katsina in under two weeks.
6. The country is in more debt than ever before.
7. Nigeria’s foreign reserves have hit over $70bn during Objs tenure.

All these you listed aren’t achievements.

gabbytabby:
People wanting to eat where they did not sow always want everything to be given to them on a platter of gold.

Only Una go win all of the time kwo. You now have development commission and none is complaining.

Did Osun state sow (oil) in the Delta region that they reap (revenue) from?

ednut1:
Oil revenue are taxed under petroleum profits taxes not VAT. Your post is baseless .
For example Mtn generates 120billion VAT which is attributed to Lagos but the VAT came from the 36 states and FCT. This new bill will share it based on consumption

The bill did not explain how the consumption by states will be determined.

Donaldoni:
It's weekend

By Monday, we shall know...

Sore losers cum pessimists everywhere

lol. By Monday it’ll hit 1650 or more.

You think your CBN governor did any magic to make it appreciate?

The USD depreciated to most world currencies because of some announcements made during the past week.

maxkia:
Funny enough it's going to keep coming down . DONALD TRUMP'S IMMIGRATION LAW is making A lot of Nigerians to return back to Nigeria in droves and invest here . It's better they they come back themselves and transfer their investment here than been report. So buying dollars to keep now is a bad investment end of January if will be 1000 naira to 1 dollar . I will refer to this post again by end of january.

lol. Dey play. 2025 budget benchmarked dollar at 1400/$. No magic or voodoo will make dollar trade for 1000 by the end of January.

Better save your money in dollars than in naira. That’s what many politicians do.

Freetech:
Bad news merchants, how far

Emergency Nigeria lover from sad and hatred region is in pain

E onomic indices is proofing them wrong and putting them to shame.

They want dollar to be 5k - they fail
They want rice to be 200k - they failed
They lie that Netflix is leaving - yet it's a lie
Nigeria foreign reserve is growing
More export than import
PH refinery is working - they are crying

I cannot but pity these headless mob, they're really going through a lot.

Rice go enter 200k. Na time. There’s still enough time until 2027. Even that 5k to a dollar you go see am happen.

helinues:
Shame on all of them.

Nigeria will be great during their own life time

The reason naira traded lower to the dollar was because the dollar slid to many currencies in the world due to their new economic and employment policy. It’ll go back to status quo by next week.

Primusinterpares:
What we want to see...

Please let it keep coming down.
1k before year end and by mid next year we should be at 400-500/1$.


Before 2025 wraps up we should be at 180/1$.


May 9ja suceed

2025 budget, naira to dollar is benchmarked at 1400/$. Dey play.

Something that’s depreciating again.

FRSC can ask for both driver and vehicle licenses. VIO aren’t meant to be on the road mounting stops and blocks.

Vision101:
This will fail you. The economic outlook is becoming reasonably stable. PMS price is daily going south.

Okay then.

If you have money, buy as much as possible. It’ll return to status quo by January.

Midex88:
Why are you always having negative vibe about your country probably because you don't like the Government of the day. Even if its lamba as you say, at least, wait till the first quarter before you wail.
Tinubu will come and go, nobody will be there forever, but Nigeria remains forever. Be Patriotic for once.

Peace

Tell me one country, nation or kingdom on this earth that has remained forever.

Brilliancepower:
All the things OBJ couldn't do and may never have done even if he won a third term bid is what the Tinubu he never liked is putting to order. Quite amazing 🤔

You think the steel plant will work? Something that has been abandoned for decades and sited in the wrong place.

We deceive ourselves too much in this country.

The same steel plant Buhari sang 8 years of rehabilitation and rebuilding ?

Na Tinubu ministers turn to sing the same song for another 4 years.

The highest they’ll do is send him to jail. Abi e go pass jail term?

He may come out to be more revered if care isn’t taking. This is how heroes are made.

PulaPower:
Global? Lol. Well informed people don’t reason like that..

Just pray Dele has proof to all these allegations he wrote in his book cuz if not, he’s a goner!

But if he sure can prove all these allegations, then he’ll become more great! But for now, he’s just sitting on a rope!

It’s a 2 way thinza..

The arrests and illegal detention has proven what he put in the book to be right.

The elites use the law enforcement agencies for oppression.

Ideally, he should be charged to court.

Kunle Afolayan didn’t say Netflix were leaving Nigeria. He said they’ve stopped investing in Nigerian movies. The streaming services are still around. They will still show Nigerian movies, just that you will have to shoot with your money and sell to them.

olaolulazio:
how do differentiate them when you want to buy

I buy from selected petroleum stations I have been buying. MRS, Some NNPC in Lagos, Peridot in Festac has very good clear gasoline. I buy in kegs too and I see the color.

Some zombies above are already defending the failures.

If you love your car and engine. Buy Dangote gasoline. It’s 10X better than what NNPC has been importing for years.

This is a huge blow to Nigerian producers. Netflix is the biggest buyer of their content.

Now they have to go back to cinemas, which sadly doesn’t earn as much as Netflix.

Streaming platforms indigenous may not work as well as Netflix because there’s no indigenous platform that can pay in USD talk more of millions.

How many Yoruba dey military compared to Hausa/Fulani?

Consider that first.

helinues:
Dumb gaslighting.

You will see other Yoruba's correcting Seyi on this thread. We don't support evil, we don't support disrespectful, we don't support arrogant and unmannered attitude.

Spade must be called what it is

You support insults on igbos but when it’s turn of Northerners you claim respect. Eru Fulani.

You no go fold ke.