₦airaland Forum

DatNiggaDaz:


I have said that the people and entity benefitti g from the catastrophic failures öf the faaake certttifficcate hollldderr are

Foreigners: Americans, Chinese and EU

The lebanese melanin deficient creature

Remi and Seyi

The Lagos kitchen Cabinet

The SW elitte and a few Nigerian elite

The LOSERS:

Data boiz and the Nigerian masses

Economic reforms are very painful during implementation. Removing fuel subsidies has started a new industry in solar and battery manufacturing.

In the 1970s, Asian countries were investing in steel, chemical, refineries and electric power plants. Nigeria wasted billions on the Udoji Award, which increased government salaries.

In 1973, both my parents, who had just returned from the UK, got new government jobs and government loans that let them buy a Toyota Corolla and a Datsun 120y, while Indians and Chinese rode bicycles. Today, China and India are the world's largest automobile manufacturers.

WorkTheTalk:
Face saving lecture. Putin is wiser now. Zelensky has tamed him. No boldness to boast to his minions that he can take any of them in 2 weeks if he wished. He's just a paper tiger warlord.


https://www.youtube.com/watch?v=h_RReQj7PpY

Finland did more to Russia during the Winter War in the 1930s and still ended up at the losing side

Nwaikpe:
But I thought Israel was an APARTHEID state?

Maybe we should now focus on elections in Saudi Arabia or Iran.

They have the vote because they are a small minority of 2 million, or a fifth of the overall electorate. 18 seats out of a total of 120 seats

bennybuhari:
By Temidayo Akinsuyi



https://independent.ng/tinubus-reforms-have-made-nigeria-poverty-capital-of-the-world-obasanjo/

The Naira was not devalued; it depreciated because the government removed exchange controls that artificially propped up the currency, at a cost of $1.5 billion per month.

The Nigerian naira depreciated under a market-determined floating exchange rate system, though government officials and critics frequently describe the steep drop as a devaluation resulting from policy reforms.


• Depreciation: The Central Bank of Nigeria (CBN) unhitched the currency from fixed or artificial pegs—allowing the exchange rate to be driven by market demand, supply, and the collapse of the multiple-rate window.

• Devaluation vs. Depreciation: While devaluation technically refers to a deliberate, official government or central bank decree to lower a fixed currency's value, depreciation is the market-led loss of value when a floating currency weakens against foreign currencies like the U.S. dollar.

• Official Perspective: Nigerian financial authorities (such as the Ministry of Finance) have explicitly maintained that the naira was not devalued by fiat, but rather depreciated because the government stopped burning through scarce foreign reserves to defend an unrealistic fixed rate.

Pakute:
https://dailypost.ng/2026/10/20/nigeria-has-done-lots-of-damage-to-igbos-odumeje/

Has the federal government allocated any international airport or seaport to the South West? The federal government has approved seaports in the SS and SW but has not allocated or funded any international airport or seaport in any region of Nigeria.

In the last 25 years, only Akanu Ibiam International Airport (Enugu) and Victor Attah International Airport (Uyo) have been awarded as international airports. There is only one international airport in the SW, and that is in Lagos

Please respond after you have completed your research.

If Peter Obi wins the 2027 election, all we would hear would be complaints that he cannot get anything done because of the Yorubas, Fulani, and past government. This seem to be a culture of playing the victim card.

It's a brilliant idea if it had security. Bus Hotel can be located in numerous gated locations, near the beach, or at cultural events. This is the kind of innovation Nigeria needs.

[quote author=AMINDA post=140907952]Tinubu asks "how high" whenever the IMF tells him to jump but Buhari called their bluff with good reasons, and heaven did not fall. IMF policies have never brought prosperity to any developing country. Not one. Only debt and penury. Buhari proved to be more economically sound, independent and humane than Tinubu.

This is why Buhari refused to float the Naira even with IMF pressure. Tinubu caved for power. Listen to Buhari here in his last Aljazeera interview. He explained why he is going against the IMF and their call for him to float the Naira. He even got visibly angry in this video… pic.twitter.com/ppASkEA1l4

— Uba Danzainab (@danzainabsports) February 24, 2024

IMF approach is the right approach. Fuel subsidies fuel corruption; the Tinubu government has failed to support the vulnerable, such as through fuel vouchers and social benefits for the poorest Nigerians.

Elusive001:
How much debt has Tinubu incurred for the country despite removing subsidy?

Buhari is 1,000 times better than Tinubu.

Nigeria external debt has increased from $43 billion to $53 billion.

There is no Ways and Means printing of N37 Trillion and no acquisition of another $7 billion in export backlog.

Tinubu is far better than Buhari; Nigeria's economy is growing at 4.4%, and the country has healthy FX reserves. Buhari government was a disaster,

Dotherightthing:
All what you mentioned were already on ground when the FG drew the budget on an estimated crude price of USD65

Today, crude is over USD100. There is a windfall.

We the citizens deserve a part of it to cushion the effect of the crisis.

Nigeria has $18 billion of Eurobond debt that has now matured after 5 years , the rate of government bonds has also gone up meaning that the government has to spend more or debt management.

BTW, the government is wasteful; the failure to fix the refineries, cut government costs (50 ministries), and the use of expensive cars and private jets are all due to the government's irresponsible fiscal policies.

Tianamen1:
How much money did he inherit from the excess crude oil account. Obasanjo and Yar’Adua saved over 20 billion dollars when oil prices averaged about $70.
GEJ changed the culture of Nigeria, wasting all that money on frivolities, plus crude also averaged closer to $110 during 4 years of his five-year rule.

It’s easy to rant and rave when you do not substantiate your claims with data.
Buhari had oil prices averaging $65 dollars and had to deal with a population who desired more foreign goods than before due to the wasteful culture inbred by the goodluck ebelechukwu jonathan administration.

Buhari's problem was not removing fuel subsidies in 2016. In 2011, Buhari openly stated that fuel subsidy is stealing, but he continued the policy throughout his 8 years. The corrupt arbitrage under fuel subsidies and FX controls was the largest corruption in Nigeria's history


https://www.youtube.com/shorts/kVLvzTVMl1Q

Elusive001:
Buhari wey no go school get sense pass Tinibu sef

Buhari met $10 billion in debt in 2015 and left in 2023 with $45 billion.

Buhari Ways and Means (printing of the Naira) left the country with N37 trillion debt

Buhari was a disaster; he borrowed from Eurobonds and commercial debt that is now killing Nigeria, at an interest rate of 11%.

Tinubu gave us Buhari; hence, he deserves every insult we get. If we remove Tinubu, we must not replace him with another Northerner.

Dotherightthing:
You've just spoken about normal challenges that are almost always there.

But I am talking about providing a TEMPORARY SHOCK ABSORBER to the citizenry from the US-Iran war.

The FG is currently earning a huge windfall from crude oil

We deserve a dividend from that while it lasts.

The FG is not earning any windfall. The country has a 40% JV with its external partners, as well as a forward-sale obligation from its previous government. The country also significant debt repayment.

We need to stop this oil dependency culture and investigate how billions of dollars of lithium, gold and other minerals are being smuggled out of the country.

Guestmale:
Not all Nigerians are dumb. Atiku may win some northerns states as he did in 2023 but certainly he will not get majority votes that will give him presidency.

Those students and their parents whose burden of paying school fees has been taken off their shoulders through NELFUND will not allow someone to take that away from them.

Those states governments and their governors who couldn't pay salaries and do some other things before but are now receiving increased allocations won't allow someone to hijacked that.

Those states civil servants who are now collecting their salaries as at when due will not want anyone to stop that.

Those whose business are moving freely now without having to spend their precious time in the filling stations queuing for fuel won't allow someone who will disrupt that to come on board.

Those enlightened people who understand the importance of naira stability against other currencies for the growth of economy won't fall for the deceit of a politician.

Unfortunately, most Nigerians are not civil servants or undergraduate students; they are impoverished Nigerians with little or no economic value, and if they vote, they will not vote for the right policies, including the removal of fuel subsidies. They will support PO or Atiku.

I think that Buhari might be the last two-term president.

nairalanda1:
Tinubu just happened to be in charge when the subsidy had to go or else...sri lanka loading in nigeria. Where China is taking over government properties as collateral.

I don't think Atiku can win the next election; the Middle Belt and South will not support another Northern president after the debacle that they experienced with Buhari. Probably Nigerians will support Peter Obi instead or Tinubu will cheat his way back into power.

On Tinubu removing subsidies in 2023, you are correct; he had a choice: Nigeria was so broke it couldn't clear the $7 billion FX backlog for imports and had to remove subsidies and float the naira to free up revenue.

It doesn't matter who wins in 2027; unless there is political reform (regional restructuring), nothing will change in Nigeria.

Dotherightthing:
That population includes children and minors who don't qualify for the cash transfer

68 6 million. Nigerians have BVN. Let's work with that.

When the budget was drawn, USD65 was set at the crude price benchmark

Today crude oil is over USD100

Let's use the excess to cushion the citizens from the world crisis.

Let's work on the $54 billion debt that has a $10 -15 billion interest repayment fee; let's work on the $25 billion spent on food imports; let's work on $6 billion on security expenditure to fund the army and police force combating some of the most brutal terrorists in the world.

You want the country to fund cash transfers to unproductive people who spend their lives being unproductive and producing children thatthey can't support., who can barely transform their environment into a modern society, or a functional society beyond religious ignorance.

Dotherightthing:
Come on!

Nigeria is a major oil producer and our crude is even profiled - BONNY LIGHT.

We have one of the larger reserves in the world.

The measure is a temporary one while the US-Iran war lasts. After, the war, we normalise everything.

Nigeria has 240 million people to feed. 1.5 million barrels/days can barely feed the 22 million people in Lagos

Dotherightthing:
The US-Iran was has caused crude oil price to up thereby leading to increase in the cost of refined products back home. As an oil-producing country we should NOT be exposed to global oil shocks.


As a BONA FIDE Nigerian, I deserve to enjoy the benefit of being a citizen of a major oil producing country without having to be an APC member or poorest of if the poor.

This UNCONDITIONAL CASH TRANSFER should continue until the war is over and crude oil returns to the normal price.

Nigeria is not a major oil-producing country. The country produces barely 1.5 million B/D for 240 million people. Nigeria's problem is not the high cost of oil but Nigeria's low purchasing power. I will bring back some currency controls to ensure that the Naira's value goes up and increase the speed of industrialisation across the country

Beremx:
Aviation minister Festus Keyamo never talk about this crash. He's busy fighting Peter Obi on Twitter.

May the souls of the departed through the mercy of God rest in peace Amen

This is a defence problem, and the Minister of Defence should explain why a reconnaissance plane is being used for passenger transport.

peekspot:
My Daughter Zainab Has Two First Degrees Five Masters An ACCA & A PhD And Cannot Get A Job— Galadima

Full Video
https://www.youtube.com/watch?v=HhHZeTcmcmU?si=Yc2uQ3OmylzqNiCB

Watch from 11:44 - 12:28



https://news-af.feednews.com/news/detail/0b9caa809fe455598c46a7d946250835?client=news

After the first degree, she should have stopped and gone into a trade or business instead of acquiring degrees like a professor

epainos:
Population explosion is one of the poisons that is killing us.

That has been the major reason why Nigeria is dirty, broke, and insecure. The country's population is doubling every 10 years but the country's productivity is stagnant.

Most Nigerians are unproductive and just surviving, yet some presidential candidates want to give Nigerians cheaper fuel instead of investing in infrastructure.

VOsimhen144:
I remember Independence Day use to be something worth watching on television.

I enjoy watching the ceremonial parades of all paramilitary, NYSC corps members aren’t left out, my elder brother served in Abuja 2013, he had the privilege to parade

But today thief.nubu don make Independence Day a caricature

What have you gained from watching all those independence parades? How many MW electricity did the parade produce

Daguccizgreat:
Nigerians abroad need to do better especially the west. The rape and sexual abuse cases are getting toi much

The Nigerian government must stop issuing passports to Nigerians.

What is the use of allowing these miscreants to travel all over the world committing crimes, then coming to Nairaland to point fingers at each other on who is the greatest crook, the Igbo or Yoruba

lionshare:
AMNI is indigenous, while TotalEnergies is an international company with the expertise and capital to execute at scale. So, what’s the next excuse?

AMNI International doesn't have the expertise to develop the gas field; that's why they sought TotalEnergies' finance and expertise after 50 years. of doing nothing.

What is AMNI International's role in this arrangement?

This is called rent.

AMNI International and many so-called energy companies, like those owned by Danjuma and Mohammed Indimi, have acquired their oil fields (OML/OPL) through connections to government officials and now rent these fields to IOCs at the expense of Nigerians.

This is one reason Nigeria's gas and oil resources are underdeveloped and far below their potential.

lionshare:
Assuming you’re right, is it better for the field to remain idle, generating zilch in jobs or revenue?

It would have been better if the gas field was sold to an indigenous gas & oil company or an international oil company that has the capital and expertise to develop the field in the interest of Nigerians

AMNI Interhantion owns the gas. AMNI has owned the gas field for 50 years and has now rented it to TotalEnergies for development. What does AMNI offer beyond rent?

This is how a rent economy operates, according to an ex-government official. Politicians and generals have stolen the nation's resources

RealLordZeus:
I'm not sure you are in Nigeria

Yes, the increase in fuel price is a global issue but do we have the same purchase power as others on the global stage?

A family man earning 500k monthly with a family car is a poor man as that car will consume nothing less than 200k monthly despite the fact that the car is a necessity, a report just came out that 61% of Nigerians are in extreme financial distress.

Ppl are running out of option

The subsidy removal in 2023 was a good idea but recent events demand drastic review of the policy

O to ge

My brother, you don't fix a country's purchasing power by wasting limited funds on importing subsidised fuel.

Buhari tried that strategy for 8 years and left the country with $43 billion in external debt (from $10 billion in 2015) to N37 trillion in new local debt (due to ways and means printing of the Naira). As of 2026, Nigeria's external debt is still $51 billion


To increase Nigeria's purchasing power, Nigeria needs to build more electricity generation capacity and transmission capacity to support SME businesses.

Support the scaling of Nigeria's LNG, Solar, Lithium, oil refining, steel and Aluminium to build a process industry that can support the manufacturing industry

nairalanda1:
LOL, any time I see taxpayers asking questions...the airport did not come from the tax monies.

Ogun budget is as follows



Only about 250 billion naira comes from the State IRS...ie is taxpayer money.

Tax uptake in most states is very low to fund projects like these, hence the borrowing

(Airport is not even neccesary...a better idea would be a railway link between the lagos airport and the state...but no).

$800 million will fund between 500-1000 MW in electricity generation depending on supplier instead of wasting it on a vanity project.

Samuels90:
😂😂😂 all una Governors for Naija na Con men

$40 million airport for $800 million.

This is daylight robbery; that's why these crooks prefer conference centres, airports and flyovers instead of education, electricity, and healthcare

MaziObinnaokija:
Minister Of Trade JUMOKE ODUWOLE should wake up and do the needful

She is lazy.

She has done nothing about revitalising the steel industry

jmoore:
The hired babablu thugs could not block the herdsmen.

Maybe, the herdsmen sent an official notice to the government. So that's why they didn't send thugs to block the herdsmen.

Peter Obi should ask his Fulani VP to talk to his Fulani brother

iwaeda:
https://www.vanguardngr.com/2026/09/nigerians-better-off-under-military-rule-donald-duke/

On these two subjects, he is correct

1: “The people were better off under the military. At least governance was not that expensive,” Duke said in an interview weekend, adding the assessment should be measured against the welfare of citizens and the “democracy dividends” delivered since Nigeria returned to civilian rule in 1999.



2: The PRP presidential candidate said Nigeria’s governance crisis was worsened by an ineffective opposition and a political system in which election results often failed to reflect the wishes of voters.

The opposition refuses to discuss regional restructuring as a political policy. They have no ideology beyond getting into government, repeating the APC (Tinubu/Buhari ) cycle of bad government.

nairalanda1:
They import it because it's the only way they can compete with Dangote.

If they imported the quality stuff, it would cost what Dangote costs plus.shipping costs.

Tinubu is the Minister of Petroleum; if he cannot manage the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) then he has no business being president.