₦airaland Forum

Princedapace:
See the people Tinubu wants to tax 25 percent of their income. That man wicked die. Nigerians need relief and politicians to cut down on their luxurious packages.

If they cannot pay taxes, they should not expect anything. Nigerians are the only people that want security, healthcare and education without paying for it. Useless people.

Seezion2:

https://www.youtube.com/watch?v=SmexN7wBVwc

This video shows some Nigerians seriously struggling over 3rd grade clothes openly.

This is a reflection of a lazy culture that exports crude oil and imports foreign third-hand and dead man's clothes from the USA and Europe. Nigeria has allowed its apparel and textile industry, which once employed over 1 million Nigerians, to grow cotton, operate cotton mills, and sew clothes.

Lazy people deserve to suffer.

In the 1980s, Nigeria's textile industry employed between 350,000 and 1 million people. This range accounts for direct factory jobs as well as indirect employment through cotton farming and related supply chains.


Breakdown of employment in the 1980s:
Direct factory jobs: The number of people working directly in Nigeria's textile mills varied over the decade due to fluctuating economic conditions and a decline in the latter half of the 1980s.


Early 1980s: Estimates indicate the industry employed over 450,000 people, according to one account. Another source states the industry had 100,000 workers in 1980, not including craft producers.


Mid-1980s: The peak employment level was estimated at 350,000 people by some sources. Other sources claim over 750,000 workers during this period. A 1985 study found that employment had declined by 40,000 workers from earlier in the decade.
Indirect employment: When including cotton farmers and other workers in the supply chain, the industry's total employment surpassed 1 million people. This broad network of jobs included farmers who supplied local mills and traders who distributed the final product.

SmartPolician:
Calling what Tinubu does revenue drive is being modest. He's just taxing Nigerians up and down because he's bereft of revenue generation ideas.

A country where 6% of the population contributes to the national tax is not overtaxed; Nigeria is seriously under-taxed. Northern Nigeria is not a productive population thats why there is too much insecurity

nairalanda1:
Last time i entered a Kingsway was in 1989. Good old days when we had UTC, leventis and chellerams. All gone now.

The SAP really sapped us.

SAP was the right decision. Nigeria imported everything and produced nothing, with a low tax collection, the economy was always going to collapse when the price of oil fell.

The issue with economic reforms is that they must be backed by political and government reforms, followed by industrial policies to drive economic growth.

Thanks for the images. I grew up during this era. I prefer visiting Leventis' top flor for their comics and UTC in Surulere for their toys

SmartPolician:
NNPC should sack all those people working in those refineries and pay them off. I always say that civil servants destroyed this country.

How can you have a refinery that's not producing and still pay the workers salaries every month? These people run this country as if they don't care.

It was the unions that block the sales of those refineries during Yaradua government,

Kukutente23:
Some people who love defending criminal politicians on the platform will never understand why these countries place a high premium on conduct and actions in public office
You will see such characters mouthing such abomination as "Can a two time governor of an oil rich state not afford a house in the US?" as if governor's salaries are fixed based on how rich the state is
For these kind of people, calling out corruption in public office is a sin and a devilish ploy to "bring our man down".
May God deliver Nigeria from stupid people in large numbers

It is called culture. Nigeria's culture is not based on democracy but on feudalism and religion. That's why rich and religious leaders are worshipped over integrity and values.

To build a democratic culture, the country will have to industrialise and develop an educated middle class that will prioritise the rule of law over ethnic or religious interests.

DeLaRue:
From 37 million barrels stolen in 2021 down to around 3.5 million in 2025 is roughly 90% reduction.

The recovery in the past 2 years has been outstanding.

All concerned need to push harder to reduce theft to less than 2% within the next year.

Channeling more resources to assist local youths in training and building businesses are key tools for gaining trust and reducing dependence on oil theft.

The Buhari government was totally useless. Nigeria's security agencies are corrupt and ineffective. Since they have been replaced in the Niger Delta, oil theft has reduced significantly.

cyril10:
Atiku, you mean by saying this that you are going to get the votes of the Yorubas, it means you do not really know them.

Atiku is a tribalist by suggesting his government will be made up of Yoruba's

EvergreenDiarie:
The corruption is just everywhere, now where do we start to fight these corruptions from and who will fight it when the majority of the population is messed up.seriously

That is the core of the problem. All Nigerians are deep into corruption going back to the 1970s

owobokiri:
Nigeria and Cameroon give you a typical case in political studies, where loyalties to ethnic/regional politics help in an overwhelming way to undermine the peoples abilities to make any sort of revolutionary changes towards the leaderships of their countries..

The problem with Cameroon is not necessarily Biya. The problem is the regional confrontations between the English speaking parts of Cameroon and the French speaking parts of the same country. The differences between these two groups have stiffened overtime, and have now taken a life of its own. A war is ongoing...

When the English speaking John Fru Ndi came close to chasing out Biya, it was the francophone speakers that felt slighted. They would rather stick with a totally kwarupt Biya, than to go for the English speaking Ndi who came with all sorts of revolutionary targets. In the end, Biya blatantly rigged the elections on the back of the support from his fellow French speakers and responded to the political scare of nearly loosing a presidential elections by entrenching a more pronounced divide between the English speakers and their fellow country men the French speakers.

Change french with Yoruba and English with igbo and you have the same scenario in Nigeria. That is the same. Corrupt officials getting away with vicious kleptomania simply because they're perennially assured of ethnic support every elections cycle. Flawed presidential elections being praised by ethnic jingoists simply because such charade guarantees the presence of someone close to them at the seat of power..
Two neighbours, One waahaalaa..

Maybe the problem is that Cameroon should not exist as a united country. Africans refuse to accept the truth that many of these countries can never work. The Yoruba and the middle belt were fighting the Fulani's before the British conqured Nigeria in the 1890s.

Baxilexi:
The government has lost public trust hence why this new tax law will cause more chaos than praise.

They’ve mismanaged the countries resources, removed all forms of succor and now still wish to pauperize struggling Nigerians.

I would advise that the tax law be suspended till Nigerians can see practical use of our commonwealth, not cars, houses and largesse.

Also, they need to reorganize the tax categories. A Nigerian earning 3 million NGN per annum is poor. That’s less than $2000 USD.
Put rent, energy, transportation, fees, healthcare, feeding, personal needs and utilities into the equation and there’s no way the FIRS Boss can justify the taxation.

Nigeria's resources were mismanaged from the 1960s. A country where the majority of the revenues and taxes come from less than four states is a fundamental injustice.

52% of Nigerian VAT goes to the North, which contributes nothing to the economy, yet is the first to want to be in government.

oluwaseyi0:
Government should sell them all
No need wasting money

Who will buy the refineries?

MrStarskie:
How will this policy affect the common man? That is left to be seen

The common man will have efficient delivery of petroleum products to his nearest petrol station.


The marketers who have been the middleman in cooperation with the unions are no longer part of the equation.

If you want to compete with Dangote, build your own refineries and logistics transport system.

The common man can also go solar and buy an EV car

SonOfDSoil01:
this is what I have always told them. The Yorubas that voted for their tribesman in Lagos have now seen them for who they really are…..they have been mocking Yorubas with their election victory in Lagos like only the Ibos votes made that happen. We are waiting to correct the mistake in 2027, make everyone bear hin papa name

Just like the Jews who use the anti-semitic card to shut down anyone who criticises Israel. Igbo continue using the tribalism and victim card that doesn't wash in Nigeria.

ariesbull:
It's only in Yoruba land that I saw a landlord saying in clear terms they will not rent house to a certain people of a certain tribes

Buying land is an economic thing not a favour...if you are broke you sell your land to highest bidder and it's not about being tribalistic or not..it's just economics


If I decide not to sell my land our community land to you that doesn't make me a tribalistic person

Yet, more Igbos are living in Yoruba land than anywhere in the world. If you continue to use an isolated incident of Yoruba tribalism to define the entire Yoruba race, then you are the tribalist.

It is well known that the people who shout racism, antisemitism and tribalism the most are the real tribalists.

Bobloco:
…Says Democracy Dying as Leaders No Longer Serve the People



https://www.vanguardngr.com/2025/09/democracy-in-nigeria-now-tool-for-elite-state-capture-peter-obi/

This is coming from a political elite that is in bed with the likes of El Rufai and Atiku. They are all useless from OBJ to Tinubu Nigeria political elites have been destructive to Nigerians.

ReacherSaidNoth:
Does this also apply to the children of thieving politicians?

Thieving politicians have destroyed the future of all Nigerians

vanbonattel:
Bad government na your mate?

We warned them that this will happen. You cannot vote wrongly and expect a miracle. Someone who has no experience of ever doing anything right.

You rightly blame bad government, but the real problem is the lack of a middle class. You cannot develop a country on the back of a service economy.

The tried and tested method of developing a country begins with the development of agriculture and mining industries, followed by the transition into processing and refining industries, and then the development of the manufacturing sectors. This progression leads to the development of a middle-class population that requires a well-developed service sector.

BigBreezeBabs:
This is actually a welcome idea.
Buhari administration goofed for taking it down in the first place
I'm willing to volunteer as a teacher to any School willing to give their student full knowledge of history and government.

It was taken out before Buhari. I studied history in college. I will assume that the IBB government might be responsible.

VeeVeeMyLuv:
If only APC and their defenders can tell themselves the truth, accept this truth. Things will start changing.

Another painful things is that leaders these days have been chorusing and romancing the current hydra headed multifaceted challenges bedeviling the nation. They are not ready to do anything to improve the situation. Just take a look at Gumi statements couple of days ago.

Nigeria was hijacked by a fundamentalist culture that refuses to change. The likes of Buhari and Tinubu are only interested in personal self-interest; they have no concern for the people. The people were always poor, and the majority of Northern Nigerians were former slaves to the Fulani Caliphate, the poverty and insurgency is their way back into power

Can you imagine that Gongola state was renamed Adamawa after a jihadist named Modibo Adama in 1838

Before it became a state in Nigeria, Adamawa was a subordinate kingdom of the Sultanate of Sokoto, which also included much of northern Cameroon. The rulers bear the title of emir ("lamido" in the local language, Fulfulde).[13]

The name "Adamawa" came from the founder of the kingdom, Modibo Adama, a regional leader of the Fulani Jihad organized by Usman dan Fodio of Sokoto in 1804. Modibo Adama came from the region of Gurin (now just a small village) and in 1806, received a green flag for leading the jihad in his native country. In the following years, Adama conquered many lands and tribes. In 1838, he moved his capital to Ribadu, and in 1839, to Joboliwo. In 1841, he founded Yola, where he died in 1848. After the European colonization (first by Germany and then by Britain), the rulers remained as emirs and the line of succession has continued to the present day.

christistruth01:
Nigerians were well fed in 1960 just look at the photos and films of Nigerians then

Nigeria's population was 45 million in 1960. The country didn't have political Sharia laws, Islamic militants that destroyed farms. The problem is that Nigeria is overpopulated, has a poor culture, and insecurity.


The country barely has electricity

kokoA:
Truth is bitter. Nigerian government has no business doing business. They should sell off the damm thing.

They sold it to the Indian, then paid the Indian $500 to repurchase it with the knowledge that it would never work. Malami made the indecent payment with the Indian. I will suggest that the government scrap the project and sell the land to investors.

How Billionaire Mittal’s Brother Got a $500 Million Bailout in Nigeria
Pramod Mittal’s firm won a settlement tied to a Soviet-era steel plant that has sucked up more than $7 billion in Nigerian public investment without producing any metal.

With Pramod’s bankruptcy winding its way through English court rooms, a new Nigerian president has taken office, and last month his steel minister said one of the administration’s top priorities is to finally fire up the furnaces of the massive plant at the heart of the younger Mittal’s $496 million compensation. The government has justified the agreement with a former unit of Pramod’s GSH, which was announced in September 2022, saying it frees the state to pursue its ambitions for the sprawling 24,000-hectare (92 square mile) site.

The settlement — representing about 1.5% of Nigeria’s foreign reserves — is just the latest twist in the saga of the vast Soviet-built factory complex begun 44 years ago. The project has sucked up more than $7 billion in public investment and has yet to produce any metal. The story of the Ajaokuta steel mill on the banks of the Niger River 190 kilometers south of the capital, Abuja, is often cited as emblematic of the corruption, poor governance and incompetence that bedevils the West African nation. The country’s most notorious white elephant still sparks passionate debate over whether it should be written off or revived.

“Ajaokuta has been a black hole that has gobbled up billions of dollars, enriching multiple generations of politicians and foreign enablers,” says Matthew Page, a former Nigeria expert for US intelligence agencies and now an associate fellow at London-based Chatham House. “This last failed reboot — and the giant price tag that came with it — is a preview of the next failed re-concessioning attempt. At this point, Ajaokuta’s dilapidated machinery is capable of doing only one thing: making public funds disappear.”


https://www.bloomberg.com/news/articles/2023-11-17/how-lakshmi-mittal-s-younger-brother-got-a-massive-nigerian-bailout

SmartPolician:
I hope you actually know the meaning of rebasing an economy, and that you aren't just throwing that phrase around. Saying that a country should rebase its economy every 5 years makes no economic sense. It's a fiction that only exists in Economics textbooks. A country can calculate its growth rate (or otherwise) without rebasing its economy.

A serious country will rebalance its economy every 5 years, instead of depending on annual growth data.

Yes, rebasing an economy, specifically rebasining Gross Domestic Product (GDP) calculations, is considered a global best practice because it provides more accurate and up-to-date economic data by incorporating structural changes, new industries, and shifts in consumption and production patterns. This improved data leads to better, more informed policy decisions, more reliable growth measurements, and enhanced investor confidence, though it can also highlight economic disparities and create challenges in long-term historical comparisons.

Benefits of Rebasing
Improved Accuracy: Rebasing aligns economic data with the current structure of the economy, including new industries and services, to provide a more realistic view of economic performance.

Better Policy Decisions: Policymakers can make more effective decisions regarding resource allocation, investment, and economic strategy with up-to-date and accurate metrics.

Enhanced Investor Confidence: A more accurate GDP figure can boost investor confidence by presenting a realistic picture of a country's market size and economic potential.

Accurate Inflation Measurement: Rebasing helps in correctly measuring inflation, which is crucial for policymakers and businesses to avoid making decisions based on outdated or misleading data.

International Comparability: It allows for more meaningful comparisons with other economies and can improve a country's standing in global economic blocs.

https://unstats.un.org/unsd/DA-SEA-Asia/Documents%20-%20Lao%20WS/Lao%20WS-Country%20practices%20on%20rebasing%20and%20linking%20NA.pdf

ednut1:
100 years from now china may recolonize us Nigeria

We had our chance, maybe recolonisation is a good thing. I would rather have a Chinese president rather than Tinubu or Buhari.

Racoon:
https://www.vanguardngr.com/2025/09/1trn-economy-nigeria-requires-21-9-annual-growth-n1-500-afrinvest/

You can grow Nigeria's GDP to the tune of $1 trillion. By rebasing the economy in 2030, based on the four major factors of a GDP, developing countries usually rebase their GDP every 5 years instead of depending on the annual growth rate.

1. Increase investment (private and public)
2. Increase government spending on infrastructure, education, healthcare and welfare payments to the poor.

The four factors that make up a nation's Gross Domestic Product (GDP) by the expenditure approach are Consumption (C), Investment (I), Government Spending (G), and Net Exports (X - M). These components represent the total value of goods and services purchased in an economy: personal spending by consumers, business investment in capital, government outlays, and the value of exports minus imports.

iwaeda:
Atiku Speaks Against Proposed Ammendments To PIA


The Federal Government must ensure that any privatization exercise is conducted with full transparency, guided by competitive bidding, and subject to rigorous public scrutiny. The process must reflect our shared commitment to protecting Nigeria’s economic future and ensuring that the benefits of our natural resources are equitably distributed.
https://x.com/atiku/status/1967575808676950184

I am not here to defend Tinubu's corrupt government, but rather Atiku the former Chairman of the National Economic Council and head of the National Council on Privatisation. Sold Ajaokuta steel for peanuts

On 29 May 1999, Abubakar was sworn in as Vice President of Nigeria. His first term was mainly characterized by his role as Chairman of the National Economic Council and head of the National Council on Privatization, overseeing the sale of hundreds of loss-making and poorly managed public enterprises alongside Nasir Ahmad el-Rufai.[34][neutrality is disputed]

Gerrard59:
To be fair though, Zimbabwe has a superior education system compared to Angola. But then, kudos to the Zims. This is what I have been preaching about: negotiate man to man with the Chinese and they would adjust, just without bombing the country.


So, an Angolan fault, not the Chinese. Got it. But $8BN on a hospital? I've never heard that a hospital costs so much.

You are correct, Mugabe never neglected Zimbabwe's education, which ensures that despite the economic sanctions against Zimbabwe, the country has still been able to develop its steel, platinum, tourism and mining industry.

Angola, like Nigeria, has a political class that is more disastrous than the exploitative foreigners
Angola

attackgat:
Bandits openly displayed their weapons during a peace meeting in Katsina State. Governor Dikko Radda of Katsina revealed last week that Katsina State government was negotiating with some bandits that were terrorising some communities in Katsina.

https://zagazola.org/index.php/breaking-news/nigeria-s-wanted-bandit-kingpin-accepts-peace-deal-in-katsina

Northern Nigeria offers nothing to Nigeria's development beyond illiteracy, ignorance, poverty, insecurity and useless culture and leaders.

Gerrard59:
Congratulations to Ethiopia for its feat, but all African countries aren't Ethiopia. Some need technical support and that's where China comes in.

Before you sign a loan, you have to read the terms and conditions of the loan na. When did a loan become a gift? If you don't like Chinese, go to the IMF as Ghana has done 17 times. China won't invade your country because you decline its loans. Which African country has China Libyaed?

Most importantly, there's no prosperous country in recorded history that developed and became prosperous without foreign investments and involvement. You cannot do it alone.

In the billion-dollar Zimbabwe Hwange Expansion project, the Zimbabwe government ensured that they had comparable engineers and managers who worked and collaborated with the Chinese to ensure that every item that was procured met international standards and regulations.

Angola appears to be another oil-rich African country, similar to Nigeria, that squanders resources on white elephant projects, such as the $8 billion Chinese-built Luanda General Hospital, which was completed with cracks. Why spend $8 billion on one hospital when you can build 100 general hospitals across the country?

In 2010, for example, the $8 billion Chinese-built Luanda General Hospital was forced to close shortly after opening when cracks in the building raised the possibility that it might collapse. It reopened two years later after extensive repairs.

This documentary follows the extraordinary work of Zimbabwe Power Company (ZPC) Engineers during the construction of the Hwange Expansion Project, from Ground to Grandeur.


https://www.youtube.com/watch?v=HMV15YzCZrg&t=1676s