₦airaland Forum

This man is sick

There were no concrete cheating alegations.
Rather tabloid gossip flying around was that The Captain wasn't much in control of his manthing.
Omosexy admitted being tempted, that's a commendable truth.
So that settles that matter.

meobizy 0post=137683088:
Omotola and Rita Dominic could do no wrong in the mid 2000s. Omotola released a music album. We laughed at it, but everybody bought it. I remember the outcome being decent. We heard she cheated on her husband with many small boys. The man still remained in the marriage, gidiba. He even defended her actions. Her career those years, blooming!

Sha, no situation remains forever.

The challenge about this is that the cost is not sustainable for the fish farmers.
Apart from the cruelty, the business cost is not sustainable.

Remember he hates Mauro Icardi.

How can you say Umahi is irrelevant.
He is nationally No. 1 from the South East.
The most senior political figure from the South East.
A whole two term Governor, c'mon.

helinues:
Unfortunately, Umahi is not that political relevant in South East.

South East votes are not really expected. If the South East still want to be kicking their penalty to throwing, we can only wish them all the best

Nigeria becoming a global power is inevitable, whether there are mediocre leaders or bad systems in place. The key to this happening is because of a well skilled and informed population in the diaspora that has maintained strong ties with the culture, people and economy back home.

Human history is simply a revolution taking its turn at full development and decline just like the proverbial phoenix rising from the ashes. Nothing old nothing new in human history, kings rise, kings fall, civilizations and empires rise and fall, that is the cycle of human revolution.


Nigeria fitting into the narrative of human evolution is apt, the people of Nigeria home and in the diaspora should be aware that archeological evidence proves that advanced societies existed on Nigerian territory hundreds to thousands of years ago.


This piece is in no place hailing prior or present Nigerian governments, but simply pointing out glaring facts.


From the time when the Pharaoh's were the trend setters, one thing they got going or them was a youthful population that can work the industries and assure that a working economy is in place. Modern powers post WW2, The U.S, China, India, The defunct Soviet Union and The European Union had one thing going for them, that is a growing population, movement of information/ ideas and a consumer market.


Infrastructure, technology, socio political systems definitely play a huge part in developing societies and they naturally follow suit when the factors earlier pointed out are all in place. Population, Information/ideas and a market build infrastructure, technology, political systems and so on.


Nigeria has immense natural resources that could drive further industrial revolutions, motivated people, the will to learn and use new ideas and it's silent power a highly educated diaspora population. Economist and global planners have to understand that the middle class / working class are the key to economic development and Nigeria has that in abundance.


Another pin in the haystack going on for Nigeria is its diversity. Nigeria's diversity is unique because people from various ecological or vegetative belts call the country home. The manner of approach to issues by an indigene from the Sahel is different to how a person from the mangrove swamp or dense rainforest would approach issues. Nigeria's diversity in my humble opinion, is its greatest strength.


The British Empire could become the earliest resemblance of a global power because it had diversity in race, religion and any metric used to describe people. It became the empire where the sun never sets because people propel power.


The United States and the Soviets were able to fill in the global power shoes after the British because they were populated with diverse people. We can't even begin to start discussing that in-depth.


On the issue of another ammunition for Nigeria is it's Diaspora. History records clearly that it was when the Jews became a diaspora before they became a global force. History also recorded that the Chinese diaspora adequately compensated for their century of Shame. The Indians are on board with this same trend. The Nigerians have indeed fully positioned themselves to take advantage.


Humans all over always keep faith and hope alive by saying the mantra of "Darkest before the dawn". To the Nigerians allover the globe, the reality evident to us is the dawn has shown glimpses, it's our destiny.


Jawarhal Nehru, one great statesman I feel bad history scholars don't talk much about, said that " no force can challenge an idea whose time has come".


Nigerians, our time has come.

Adetaio Otuyemi

According to the Institute for Social Capital, Social capitalism is any capitalist system that is structured with the ideology of liberty, equality, and justice. Instead of aiming to accumulate only economic forms of capital, it explicitly values all forms of capital, including social, human, and natural capital. Instead of maximizing profit for the wealthy, it involves maximizing profit for all of society. This eliminates externalities and stops labour, and therefore humans, from being treated as a commodity. This form of capitalism could be called moral capitalism.
Social Capitalism, in a nutshell, is an economic model combining a free-market capitalist economic system with social policies and proper regulation to achieve fair competition within the market in order to achieve a welfare state.

Getting to the crux of the matter, it is clear that Nigeria is experiencing economic challenges despite efforts by various governments since its independence.

Nigeria’s population exceeds 200 million, the country boasts immense potential through its natural resources, youthful workforce, and vibrant entrepreneurial spirit. However, persistent challenges such as high inflation, widespread poverty, and inadequate infrastructure have hindered sustainable development.

Social capitalism is essentially classic capitalism reoriented toward improved social outcomes and economic responsibility, prioritizing people's welfare over unchecked profit while maintaining private enterprise and market dynamics. It stresses the need for liberty, equality, and justice within a capitalist framework, incorporating elements like robust welfare systems, environmental sustainability, and corporate social responsibility. Unlike a socialist economy, it does not seek to eliminate private ownership; instead, it cuts down capitalism's excesses with policies that ensure societal benefits across all strata. Inclusive growth, reduced inequality, and resilience against economic shocks could be the benefits of Nigeria adopting this model.

UNDERSTANDING SOCIAL CAPITALISM
Ideally, Social Capitalism integrates the profit-driven incentives of capitalism with mechanisms to address social inequalities. It is akin to the "social market economy," where free-market principles coexist with regulations that promote fair competition, social policies, and welfare nets. Key principles include:

 Economic Freedom with Social Responsibility: Private businesses thrive, but they are encouraged—or mandated—to contribute to societal well-being through taxes, ethical practices, and community investments.
 Strong Safety Nets: Universal access to healthcare, education, and housing, funded by progressive taxation and public-private partnerships.
 Inclusive Growth: Policies that prioritize job creation, innovation, and equitable resource distribution, ensuring that economic gains benefit all strata of society.
 Sustainability Focus: Emphasis on environmental and social impacts, aligning business goals with long-term national interests.
This model contrasts with Nigeria's current system, which leans toward unregulated capitalism in many sectors, where profit motives often exacerbate inequality—such as in private healthcare and education, where access is limited to those who can afford it. Social capitalism, as advocated by some Nigerian voices, could shift this by using national resources like oil revenues to fund public services, making wealth work for everyone rather than a handful.

As of 2025, Nigeria’s major socioeconomic challenges include inflation at over 15%, which has eroded purchasing power. Unemployment is quite high, especially among youths has fueled social unrest and crime. Poverty & food insecurity have further ignited malnutrition and reduced productivity. Additionally, Infrastructure dearth, such as poor electricity and roads, has skyrocketed business costs. Not to leave out the elephant in the room, Insecurity, banditry, and kidnappings have severely disrupted agriculture and investment.

These issues highlighted are compounded by global factors, such as shifting monetary policies and protectionist trends, which could weaken GDP growth and remittances. Without intervention, Nigeria risks stagnation, as seen in comparisons with peers like Kenya, where better infrastructure and organization have fostered a more stable society.

HOW SOCIAL CAPITALISM CAN ADDRESS THESE CHALLENGES
Social capitalism offers tailored benefits for developing nations like Nigeria, where social capital—networks of trust and cooperation—can drive economic progress amid limited resources. It promotes higher GDP growth, innovation networks, and efficient economies through trust-based institutions.

Economic Benefits: By channeling oil revenues into industrialization and welfare, Nigeria could reduce inequality and boost productivity. For instance, initiatives like the Dangote Refinery exemplify social capitalism by stabilizing the economy and benefiting the masses through job creation and reduced imports. This model encourages big companies to scale, generating taxes and dividends that fuel multipliers like remittances and investments.

Social Benefits: Strong safety nets—such as subsidized healthcare and education—would alleviate poverty, mirroring welfare policies in capitalist nations that Nigeria often overlooks. This could curb unrest, improve health outcomes, and foster resilience, as seen in calls for "social capitalism" to prioritize human rights and inclusive growth.

Political and Cultural Benefits: Emphasizing national pride and community development could unify diverse groups, reducing ethnic tensions and promoting collective endeavors like poverty eradication. Policies rejecting IMF-imposed reforms in favor of homegrown solutions would build self-reliance.

Several nations demonstrate social capitalism's efficacy; for instance, China, through state-managed social capitalism, has rejected Western reforms, prioritized nationalism, and inclusive growth. From 1995 to today, it transformed from a developing economy similar to Nigeria's into a global powerhouse, using crude revenues for industrialization and poverty reduction.

The Nordic Countries (Sweden, Denmark, and Norway) have blended capitalism with extensive welfare, achieving a high quality of life through trust, civic engagement, and equitable policies—resulting in efficient economies and social stability.

Japan’s "Collective capitalism" ensures job security and shared prosperity, driving industrial growth.
These classic examples show that social capitalism accelerates development in diverse contexts, offering lessons for Nigeria's oil-dependent economy.

To adopt social capitalism, Nigeria could:
Reform Resource Management: Use oil wealth for public investments in healthcare, education, and infrastructure, as suggested in socialist-leaning proposals.

Strengthen Institutions: Build trust through transparent governance, anti-corruption measures, and community-driven development to enhance social capital.

Promote Private-Public Partnerships: Encourage ventures like Dangote while mandating social contributions.
Focus on Local Governance: Empower states and communities for grassroots growth, moving beyond federalism debates to practical cooperation.

Cultural Shift: Foster patriotism and diligence, rejecting "miracle money" mindsets for sustainable work ethics.

Social Capitalism will work effectively in Nigeria, primarily because Nigeria is a highly religious society, and this economic model aligns closely with religious teachings.

Embracing social capitalism could propel Nigeria toward equitable prosperity, addressing deep-rooted challenges while harnessing its vast potential. By learning from global successes and prioritizing people over profit, Nigeria can build a resilient, inclusive economy. The time for change is now—let us forge a future where growth benefits all Nigerians.

During the Civil war, Nigerian soldiers did not attack unarmed civilians on a large scale as described in the story.

Well thought out, well written.
A Machiavellian genius you are.

These RED LINES mean Zelensky isn't ready for peace.

How logical is your statement.
Please stop dribbling the facts.
Please it's serious issues being discussed here.
How can you say such

PaChukwudi44:
Oga the way VATs in Nigeria is computed is wrong.
VATs should be paid at the final point of consumption and not just at companies headquarters in lagos.

A considerable amount of VATs paid in lagos is generated by businesses conducted in the east.

It's not fake stat.
It's verifiable.
There's no way they can conjure numbers.
If they produce fantasy numbers, the beneficiaries ( States, Ministries, etc) will voice out. And that'll be very embarrassing.
So that's the stats of the money shared across board.

MasterJayJay:
Another fake stats.

Ọmọ na who we go ask ooooo.

It's either the businesses aren't paying taxes or the state Govt. Is embezzling the funds.
One of the two

ediko5:
But wait o, upon all the numerous and multi billion dollar industries in Anambra as claimed, why is the state always down in terms of VAT?

My bro, ts not trash, it's verifiable information.
This data was released according to FAAC last week Thursday.
They can't manipulate the data because if they do the beneficiaries ( The states) will cry out that they didn't receive the moneys published.
VAT is some of the moneys shared, we have excess crude account.
Money from oil proceeds and some other revenue the Fed. Govt collects and shares in behalf of the states.

So that's just the matter in ground.

I think Nigeria needs more revenue from various sources to balance things up.

nedu666:
Trash. Did Nigeria collect almost 1 trillion in vat in January. Fake news

Ts clearly a political matter.
If any ugly thing like sex follow, I'm sure the lady Senator won't hesitate to announce it.

GOFRONT:
Akwa Ibom man wan Lash Ebira woman.........I have come to realize say all the Natashas in politics have this explosive beauty; a beauty that break the defence of high and mighty.......

Now take for Instance, Natasha of Edo HoA has turned a lengendary Tubaba into something else.....Tuface has been off radar since two weeks now. I guess he is hiding inside the buttokcs of Natasha Osawaru........

Now look at the Senior Natasha of the Red chamber. Babe so pretty that Akpabio want to have a taste of her Kukunase though denied access. Reason why he take things personal with Natasha..

Btw, Akpabio's wife has once accused him of being a chronic womanizer...

Minister of Niger Delta affairs, not NDDC Chairman.

emperor4love:
that one no concern turji bello and him 25m levy way him talk make dem keep fr ground if him show for sokoto community,we all know akpabio love women right from governor to nddc chairman, know most banny talk of him,baba fit surpass chime suli

My friend, sincerely your point is the most balanced and closest to the facts.

affable4:
Everything that could go wrong, went wrong. Political interest and personal relationship.

You can’t really tell what goes on behind the scenes, but seems like a little see-finish occurred.

But twasn't only the name highlighted nowww.
The entire sentence was including the paragraph.

D00msDay:
The way the Op highlighted the name Obi Ikechukwu. The Op intends to add tribal colouration into it. We have so many issues plaguing the country 2day but the youths are more interested in tribalism.

Omooo that one go hard.
Case wey don get publicity like this, including many vested interests on both sides.
The Feds won't even close the case.
I day they won't close it because it'll be a Continuous Cash Cow for corrupt officers in the commission.

tunjijones:
Ahhh, the mata don even reach EFCC.

Eezeetee shd just find 15m to give the EFCC people and the case will die just like the case of bobrisky.

Big lie.
The number of defectors have been grossly exaggerated.

Please how do you mean?

D00msDay:
Tribalism don finish this country.

😆😆😆😆😁😁🤣🤣🤣🤣🤣🤣🤣🤣🤣😂

Leviticuscreed:
Them install two big exhaust pipe begin call power project hahahaha uninterrupted stupeedity

Hello

I'm wondering why the gas plant can't effectively use solar or other renewable energy forms.
The cost of using compressed gas, diesel or other fossil fuels is not sustainable.
Plants like these can only be celebrated if they are offering cheaper alternatives to energy, climate friendly and most importantly SUSTAINABLE.

GEJ himself doesn't want to be at Aso Rock anymore.
The man is really relishing his life after office.
Even PEJ doesn't want her hubby to return to Abuja, they are enjoying their peace of mind in relative comfort.

Please do not be annoyed, I don't understand your comments here, please.

okeysoninv:
Yes lets take it 50000 or Iranian 1m to dollar. Semi - illiterate everywhere.

Na me you shade like that abi.........................

IGBOPROMISE1:
Don’t mind that fella! Ask him, the poor hapless salaried Nigerian worker whose pay has barely moved from 2023 to date, what he could buy with that N39K in 2023, is it the same or near the same as what he can buy with same N39K today?

The point you are making is clearly on INFLATION.
I made a point on PPP Nominal okay, we are talking about two different concepts here.

ObiOfLagos:
You're too smart for your own good. Please compare what 39k Naira could afford under Jonathan, which is but yesterday, and then come back and tell me about education and purchasing power parity.

You can speak complicated and very technical Economics jargons but don't necessarily mean there's sense in it. That 39k could buy 4 bags of rice under president GEJ, today it can't buy one. I pray it won't be too late for you before you see sense and borrow.

My guys, please economy of a country is not rated by numeric value of exchange rate to dollars or any other international currencies okay.
That 39K naira would buy more valuable things in Nigeria than that 15K CFA.
THE CONCEPT IS CALLED PURCHASING PRICE PARITY. Simply means the sum of the same money to buy the same number of goods in a given situation.
So kindly abreast yourself with more facts when coming to establish or comment on a thread.
Bikonu, Nairaland is for educating people.

ObiOfLagos:
I just watched a video of someone travelling to Cotonou and changing 39k Naira into 15k CFA.

Note that in 2007 when Obasanjo left office, 1 Dollar was at its peak 125 Naira.

That same 39k Naira exchanged then would amount to 180k CFA.

How I got it was to divide 2007 rate by today's rate and then multiply the CFA by the result: 1500 (today's rate) ÷ 125 (2007 rate) = 12. Then, 12 * 15000 CFA = 180 000 CFA.

And it was in that era when 1 Dollar was 125 Naira that Eedris Abdulkareem sang Nigeria Jaga Jaga. Today, it is 1500 Naira to a Dollar. Eedris must either render a genuine apology to former president Olusegun Obasanjo or release another song and continue his activism.

By the way, in 1999, OBJ met things at 90 Naira to a Dollar and after 8 years left it at 125 Naira to a Dollar. When Tinubu was sworn in, our currency was still below 800 Naira to a Dollar. And less than 2 years he has so messed things up and doubled the rates. Yet his first 4 years are yet to be over!🤦🙎🙆🤦

Eedris, African China, Tunde Bakare, and a host of the circumstial activists of that time should either resume their agitation or apologize to the presidents in power back then.

Jonathan said we'd miss him when he's gone and boy is his prophecy right!

My Nigga, it's really not a Big deal as you're making it out to be.
A good number of men can easily stop at the high heat moments.
But I get your point still and fully respect your opinion.

AllBlack:
Hahahahahahahaha. I like this one. She will be lost in confusion for a long time. Any man that can deliberately (not erectile dysfunction oh) pull this off is automatically my friend.
I like guys with stern level of self control and ability to SAY NO and do things on their own accord, that is some high level of power only few men possess.

Actually many of you folks are not even seeing the obscure picture here.
The Cartier bracelet is A HUGE FAKE... How can the serial number of a highly priced bracelet be 12345678.
The Precious guy has to be further investigated on this allegation of mine.

That's a reckless statement

cenaman:
Yoruba too like to The nack people wife