₦airaland Forum

The guy dey Sango Ota dey Hussle. To them SW na London

Validated:
There is no need deceiving yourselves and think you are deceiving Nigerians. We have intelligent Nigerians who do not take statistics and narratives on the surface.

So, lets do the maths:
Assuming that the exchange rate is N1500 to the $, then we have received equivalent of $13.7B (N20.59T)
Of this amount, non-oil export accounted for $10.4B or N15.6 T, according to Tinubu and lieing APC government.

It therefore means that oil export accounted for $3.3B revenue in the last 8 months. A BIG FAT LIE

Every Nigerian knows that we export crude daily and our average production is 1.6 million barrels a day, (that is we export 1.7 to 1.8 million barrels per day (bpd). Also, we know that the average price for WTI crude oil in the first seven months of 2025 was $68.25 per barrel, while the average for Brent crude oil for the year is estimated to be around $80.53..

For the purpose of this analysis, we assume the following:
Average daily oil production and sale = 1.6m barrels
No. of days of oil production YTD: 8months * 25 days = 200 days
Estimated production and sales YTD = 1.6million barrels * 200 days = 320,000,000 barrels
Then, since we sell at $70 per barrel, then our OIL REVENUE FOR 2025 WILL BE 320,000,000 BARRELS * $70 = $22,400,000,000 (Twenty two Billion, Four Hundred Million Dollars)

When we translate this to Naira at the exchange rate of N1500 to the USD, you have N33.6 Trillion,
The questions are:
i. How did FG get their N20.6 Trillion, when estimated oil revenue alone is N33.6T?
ii. If non-oil revenue is truly N15.69 Trillion or $10.5B, then the only revenue estimated from oil sales is N4.9T or $3.3B.

This government has to tell Nigerians where the difference of $30.3Billion went to as that revenue is MISSING

Walahi, olodo plenty for Nairaland no be small.

Instead of them to bury their ignorance and keep quiet, they just open their mouth and clear every doubt.

A primary school pupil know oil well are joint venture across Nigeria and Nigeria is only entitled to her percentage of the profit.

Again money realizes is shares on percentage among the FG, SG and LG.

It is the percentage of the FG after deducting Joint partner and State and LG that is government actual revenue from oil.

I think I have break it down to your level, Pls let this sink and don't go out there to make this unfounded claim again.

Am surprised to see an adult do not understand this basic economic reality yet they come online to make noise from morning till night

With the president or no president SW will continue to be the pacesetter.Others can continue to wait for the presidency that won't get to them in their lifetime.

AMINDA:
All handles above, all Yorubas. We know this is not about Elrufai. You all said the same when the governors of Benue and Edo barred Peter Obi from visiting their states. Nigeria's democracy is being killed right before our eyes under Tinubu and his APC governors. They have gotten their matching orders from Wike. We will document it just for posterity. But none of this will stop the inevitable from happening in 2027.

Is Elrufai your boyfriend because this attache by force no get level

Long overdue. If you are not pleased you can join him at DSS office to give your solidarity

Diversifying the economy is a task that must be accomplished.

Tinubu na talk and do President

If there is any Nigeria politician that has disrespected the Igbo, that politician is El Rufai.

His son didn't spare them as well

El Rufai is a very dangerous man that no one should associate with.

The ThisDay bomb blast comes to mind. A discerning mind can easily plot the graph.

jmoore:
Recently the FG said they generated ₦20.59 Trillion From Non Oil Revenue In 8 Months for the year 2025. On paper, they call it a record.

But when you consider that Naira has been devalued, you will see that Tinubu's government has not done anything special.

Let's analyze 2014 and 2022 under Jonathan and Buhari respectively.

In 2022, non oil revenue was 7.145 trillion naira. The exchange rate was 1 dollar to 447 naira. 7.145 trillion naira was worth 15 billion dollars in 2022..

In 2014, non oil revenue was 3.861 trillion naira. The exchange rate was 1 dollar to 184 naira. 3.861 trillion naira was worth 20.9 billion dollars in 2014.

This year 2025 has not ended, Jan- August non oil revenue is 20.59 trillion naira which is 13 billion dollars.


Real dollar value

2014 under Jonathan: 20.9 billion dollars

2022 under Buhari: 15 billion dollars

2025(8 months) under Tinubu: 13 billion dollars

13billion dollars for 8 months means an average of 1.62 billion dollars per month. With 4 months left, An estimate of 6.5 billion dollars is expected to be generated. Which will give a total of 19.5 billion dollars.


From the above explanation, Tinubu's government hasn't done above Jonathan.

Naira devaluation is giving Tinubu false achievements.

https://www.facebook.com/share/p/175Xrcq48b/

How much was oil price during Jonathan?

Don't delve into argument you know nothing about. Copying and posting random post will expose your ignorance if you can't defend it

Brendaniel:
So are you saying what an Igbo man spoils you people don't have the intelligence to fix it for over 50 years without the Igbos?

Also are you saying the Agberos in Lagos and other southwestern states are Igbos?

Was it Yoruba that introduced Agbero to the SE, what do you call those in UpperIweka exploiting the passengers day and night?

nothingspoil70:
Though other regions have their own development commission, I want you to go and write it down. SWDC will set the template others will be following in years to come

Remember oodua investment company? No other region was able match their achievements till date

Nothing to brag about here, the new sets of political leaders we have presently in SW are not as pragmatic as expected.

How many of the governor from the SW have keyed into the decentralizion bill that allowed States to generate, transmit and distribute electricity?

How many of them is treating LG as third tiers of government with the LG allocation fully allocated to the LG.

They are developing India after they have developed Ghana and South Africa finish

During 2023 election even at 1900 you won't see it at black market.
We only hear official rate in the news, no one was able to get it. Getting dollar at official rate then was as difficult as booking an appointment to see God, it was practically not available

OfoIgbo:
Don't worry. Very shortly there will be a national outrage that Lagos gets an unfair piece of the cake from the centre. ILagos should get exac5ly what the other states get.

The huge amounts of cash dished out to Laos fro the centre should be shared equally Among the states

Keep shut. Did you demand for equal treatment when Buhari was siting projects in Katsina state.

Look Lagos and Anambra are not the same, Lagos exist before Nigeria and it doesn't need your money to flourish

Ecosystem4u:
Mr man let us know where you are from and then respond appropriately. I keep wandering if it's sheer illiteracy or ignorance that fuels this statement of 'can't develope their state' most of you lots making these comments your so called states mostly brown roofs and mud houses. Likely people that live, die and get buried in Lagos, ask them where they are from and their kinsmen they will tell you they are Lagosians.

How in Gods earth should we explain to an ignoramus like you that Igbos are primarily bussiness people and that trade requires travels and constant change of environment. You lots only revolve around your enclaves and don't explore other regions how's that our problem?

Let me stop here cos you aren't whorth any further attention.

Forget that business narrative, SE is still backward compared to other region.
That's the fact

Pakute:
https://m.facebook.com/AdeyanjuDeji1979/posts/peter-obi-must-sue-me-he-must-not-chicken-out-his-7day-ultimatum-expires-today-w/1344362237048098/?wtsid=rdr_0XR8leLReLoS1Xtnd

Deji Adejyanju is an attention seeker cashtivis who depends solely on SM for publicity.
Just remain where you are because you are not needed among Batist family.

Since there's no negative news to feed the Obidients, you think your attack against Obi will earn you a place in Batist camp.

You are on your own

Eboofa:
nonsense ! The states have all manner of security outfits....In Anambra we have Agu na ecemba, Udo ga chi and ebube Agu........why not harmonize,collapse and train all 3 outfits into One single state police force!

The Unitary mentality of Aguiyi Ironsi playing out here

Why should we have a centralized Police in Federation?

5starMan:
Same way Igbos are misinterpreted.
But nah Northerner be this, so they'll easily understand his explanations for political reasons.
They prefer to be seen as politically domineering than for the whole nation to progress.They don't like to see development on other turfs,so they support anything that will bring enmity among tribes.

Yes, we understand northerners better, is there any crime in that?

Dey your lane make I dey my lane. Go and infrastructure in your land if you want development because it a waste of your time discussing what doesn't consign you

That's wonderment of the century, that man may even smell the presidency before Peter Mediocre Obi

ZombieDredd:
i can see the pains of the dagger deep inna your heart


FG say Lagos is no mans land and so it remains, cry and nack head for ground

Come to Lagos and say Lagos is no ma land and see what will happen to you, stop being online warrior.

If you so much cherished good thing ask your governor to intensify his work, stop doing longer throat for wetin no consign you.

You cannot carry our seaport, airport, rail system and strongest purchasing power populace to your state. Never, not in this generation

ElevationD:
Creating state police when the present Federal police is understaffed and under financed. Should first things not get first things first? We have all sorts of people in different uniforms, yet banditry, kidnapping and other forms of crimes continue unabated? Why waste the resources when we all know the issues?

Please pay the police internationally accepted rates, equip them and get more men employed into the force. Get more people into the armed forces, find them properly, encourage them and see the difference.

Nigeria is a Federation where subunits have autonomy, what you dreaded so much is about hitinng you, Tinubu is creating State police either you like it or not. You can then ensure your state government pay equivalent of US state police, ko kan aye

Anambra is now officially designated as a no man land as all the convicted criminals in different countries will now be relocated in Anambra state increase their dwindling population

What are the Igbo doing on this thread? They are very happy that someone from the North echos what has been their desire.

No wahala, we will help you tell our people that the agenda of Peter Obi is to make Lagos a no man land.

Let see where that will take his failed presidential journey to

DeepSight:
What if you, your parents and grand parents were all born in Lagos and lived here all your lives? What would you think?
How many years does it take to naturalize in a foreign country?

Do you have a landed property bequeathed to you by the grand parent, if not, your c of o is as worthless as tissue paper when we remember your case.

As an indigene whose properties were confiscated by the government to give way for government project, I reject Bwala statement.

The liberality of the Lagosian should not be taken for granted, we can choose to vote Obi today and decided to vote Tinubu tomorrow. Dangote is doing his business peacefully today in Lagos, not because of the government, but because the Lagosians allowed it, outsiders should be magnanimous enough to see that otherwise they will go back to their village empty handed

Enough

To be frank, Nigeria are not innovative in technology,but are very good in art such as entertainment, music and religion. That is ehi its taking years for the small scale businesses to break beyond the micro level.