₦airaland Forum

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Konquest:
That's still too high for real sector investments and economic growth.

Celebrating an interest rate of 27% is unrealistic. At that level, only trading, importation, and some service-based businesses can survive. For the real sector — manufacturing, agriculture, and construction — it’s a direct hit.

These industries need time. From taking a loan to producing, and eventually selling to recover investment, the cycle can span 1 to 5 years before a single naira returns. On top of that, their operating costs are high, and their profit margins are usually below 30%. With numbers like these, a 27% interest rate is simply incompatible with growth.

No country with serious development ambitions sets rates that high. Especially when competing globally — for example, with China, where interest rates are below 5% and operational costs are far lower. High lending rates don’t just slow the real sector; they wipe it out.

Kobojunkie:
Go spew this gobbledegook elsewhere, abeg! 🥱🥱🥱

Rubbish you say. Go scam a man to collect gifts and see if he will not collect all back if he takes you to court.

Speaking during an interview with ARISE News on Monday, Onanuga said: “The security people, they know all the bandits that are operating in that axis. They know them. They know where they operate.”

And you boss who is the commander in chief of the armed forces has done nothing? No head has rolled due to sabotage, negligence or simply incompetence.

You want police Ken to face well armed militias that even the military can defeat. A well armed and battle ready militias thar just killed a general and the military seems powerless to do anything.

Kobojunkie:
You are not making sense. I suggest you go back and review the image attached to the original comment for explanation you need here..🤔

You keep posting that your screenshot without context. Now, you circle unconditional gift? What do you understand by the the word "unconditional"? Apart from donations, inheritance and what hausa call "barra", is there any gift that can be considered unconditional gift. We all witnessed a lady fined and told to refund a monetary gift obtained from a man on the condition of transportation to his house. If I gifted you a car on the promise of love, and at the end you left me immediately you collected the car, is the gift still considered unconditional?

ddippset:
I don't know which part of South South you claim but there is not a single politician who has done more for South South than Amaechi.

The only problem you people have with Amaechi is that he stood like a man against Jonathan and his wife when they tried to cow him and humiliate him.

His only crime was fighting his oppressors.

Stop reasoning like a slave, name any South South politician who has done more for the region than Amaechi.
Not even Jonathan!

Don't mind them. Amaechi is the most honest (relatively that is) and courageous politician in the south south, if not the whole of Nigeria.
He was the only politician that opposed the Amnesty Programme by Yaradua and Jonathan, on the basis of the injustice in rewarding criminality. See were we are today, granting terrorists Amnesty and absorbing them into the military. You think a president Amaechi would surrender to the Fulani cabal holding Tinubu in the jugular?

He fought Obasanjo on resource control, fought GEJ, Patience Jonathan and Wike for autonomy. Amaechi is the only senior Nigerian politician without a militant group or thug support. He is still one of the very few that refuse to bow the knee to Tinubu.
Oshiomole cannot hold a candle to Amaechi in any regard.

VEE2010:
Amaechi is enjoying Karma of the APC he supported to install in 2015. Same man who is discrediting him now applauded and sang his praises then. He never questioned his contributions as a minister for 8 years while he was a party chairman for part of that 8 years. These are the kind of elites we have, they can only find fault to discredit you only when you fall out with them and not for a patriotic reasons.
If Amaechi had remained in their camp till date, he would have projected him to be the best thing that has ever happened to Nigeria after bread and butter.
Evil men everywhere.

Propaganda. Amaechi was fighting for his survival against Wike, Patience Jonathan and GEJ. Amaechi could not have remained in PDP that was hijacked by Wike and Jonathan, that was attempting to impeach him with 5 house members.

Fuckyoumod:
Amaechi was almost impeached by GEJ, and he fought back.

Simple and short, don't come spilling what you don't know.

Your vote is 1 out of 270 million Nigerians it makes no meaning.

Imagine the bare faced lies. Amechi that was harrased and bullied as a sitting governor by both Wike and Patience Jonathan, with the endorsement of GEJ. Amechi that was driven out of PDP was the one that they are lying against that he left PDP because APC promised him presidential tickets? Do Tinubu people think we have short memory?

Megastarfresh:
25 girls were kidnapped in Kebbi, yet, no national furore.

A church was attacked in Kwara, yet it's business as usual.

A general was murdered by terrorists, yet you still have the guts to plan a travel (vacation).

Shame on you, Mr President. Shame on you and every single member of your cabinet. Posterity will NOT be kind to you.

And APC shall wither away, very soon. And her memory shall be dust.

But the same president declared a state of emergency in Rivers State, and suspended the Governor and legislature over what he described "as political impasse" in the state and the destruction of oil pipelines by militants allegedly sympathetic to governor Siminalayi Fubara.
No state of emergency is declared in Abuja due to security impass in many northern states including Abuja. No state of emergency was declared in boko haram controlled states despite threats of military action by the US.
The Tinubu administration has its priorities in politics and not in security or national development.

Kobojunkie:
Usually, when folks gift cars to others, they ensure the documents pertaining to the vehicle, not necessarily the receipt that was used to purchase it, are transferred to the recipient. This ain't nothing new to any of us.

Without the receipt, you cannot process change of ownership document.

Kobojunkie:
Wrong! Go back and re-read what the legal suggests instead. A gift does not need to come with a receipt or a name attached. It simply needs to be delivered and completely gifted by a donor to a recipient.

How can you prove a vehicle was gifted to you, without receipt or other documentation? You would need documentation before the vehicle is allowed to change ownership, and have it registered in your name.

Kobojunkie:
He would have to provide possible written documentation of this leasing of the items then, and prove that this was clearly communicated to the recipient, at the time of the exchange. 🥱🥱🥱

What of transfer of ownership? If you gifted a car or even a TV to your girlfriend but the receipts and documents are still in your name, what happens if you want your items back?

donvicky2007:
Yes, military doesn't take order from a civilian Governor, if there is an existing order from a high ranking military officer, they only take order from a President. That is why the president is the Grand Commander of the Federal Republic.

Ordinary police sef don't take orders directly from governors in Nigeria, they have to pass through the police command structure.

tunde1200:
Really.
So military man can disobey order of a whole Governor of a state.

Military men don't take orders from governors.
No be for Nigeria former governor dey order current governor?
No be for Nigeria president dey suspend governors and state assembly, and install retired military man as sole administrator?
Military men guarding private property is the least of the abnormalities that happens in Nigeria.

adekolaelect:
Some people blame Wike for his choice of words towards the officer, Some blamed him BCS they hate him with person seen him working with Tinubu but in reality Wike is 100% right to inspect the site based on his obligation as see in see of the federal capital . He has right to investigate and decide what happens based on the law that govern FCT once he remains the Minister of FCT.

Wike did not come to inspect anything. He came to play “voltron, defender of the universe.” If you read the thread properly, you’d see that even an FCDA official apologized for dragging Wike into the conflict in the first place.

Here’s what actually happened:

1. FCDA moved in with bulldozers to demolish an allegedly illegal structure belonging to a retired Air Vice Marshal.


2. Soldiers guarding the property blocked them, refusing the officials and their equipment access.


3. FCDA then called in their ‘superhero’ - Wike, who they believe commands his own troops and walks around with “odeshi”—would force his way through.


4. Wike stormed the site with his entourage and thugs, expecting the military to back down.


5. The commanding lieutenant refused to budge.

6. Borroring some common sense or simply due to fear he backed off.


7. On his way out, he resorted to personal insults before retreating.



The core issue remains: the property is disputed.
The Air Vice Marshal insists he bought it from the rightful allotee. Only a court can confirm or reject that claim.

And that’s the point: FCDA has no authority to roam around with caterpillars, demolishing people’s properties without a court order. The rule of law doesn’t disappear just because the minister shows up with muscle.

ALTERNATEID:
The CNS has no legal title in the first place. Where is the R of O? Where is the certificate of occupancy? Where is the allocation letter? Where is the building approval from development control? So, what title are you talking about here?

The CNS claimed he bought it from the person that initially bought the Land - Santos Nigeria Limited. Even Wike did not dispute the CNS bought the Land. Wike's argument was that he revoked the sale of the land because the purpose for which Santos was allocated the land was changed, from park to residential without FCDA approval. He then claimed the CNS was scammed. The CNS did not just walk into the land with soldiers to claim it. The matter should have been taken to court by FCDA to recover the property legally.

ALTERNATEID:
You sure don’t know what had happened before the confrontation on Tuesday. They have asked for his documents and they’ve seen that he has no valid documents and shouldn’t be there in the first place. They told him to stop work and he refused. Instead, he deployed soldiers to the site.

And no, it is not for FCT to go to court. If the CNS feels he has valid documents, he should be the one to go to court and not the other way round. Deploying soldiers to the site is not only illegal, it is a resort to self help. Absolute impunity. Sadly for him, the game is up. He will never be allowed to develop that place.

I am a human right activist, and we handle possession cases every week. It is illegal in Nigeria to take possession of a disputed property without a valid court order, not to talk of bringing in bulldozers to completely destroy the property.

ALTERNATEID:
lol. The CNS should go to court if he has valid papers and not the other way round. Deploying soldiers to the site illegally to obstruct FCT officials from doing their job is a resort to self help.

It is not the CNS that should go to court but Wike and FCTA, abi Wike dey fear court? Shebi him be lawyer? You want someone to go to court after his property (even if it is disputed) has been destroyed, the land allocated to another person and it has been redeveloped.

ALTERNATEID:
Land grabbing how? Wike can legally revoke any title in FCT so there is no issue of land grabbing. All the lands in FCT is vested in him by law. The land in question doesn’t belong to the former CNS. He has no title, no CofO and no approved building plan. He has absolutely no business building on that land in the first place.

Yes, wike can legally revoke titles in FCT, but has to be done within the confines of the law. He cannot just wake up and revoke land acquired legally without without valid reasons.

ALTERNATEID:
Based on request from INEC and such deployment is approved by Mr. President.

Also add that protection of the life and properties of senior military officers by and armed soldiers is approved by the president

ALTERNATEID:
The part in bold is the point a lot of Nigerians are missing. On what basis should our military be deployed to protect a construction site with a directive to shoot government officials who are on routine monitoring exercise? Are we in a war situation with another country over the property? Is that what we’ve reduced our armed personnel to? Instead of deploying soldiers to fight terrorism and protect the territorial integrity of Nigeria, we now deploy them with the directive to shoot government officials over an illegally acquired land. What a shame.

Like I’ve said before, all the soldiers involved in that illegal operation and show of shame including the person that deployed them to that site should have been arrested by the police and charged to court. I condone impunity far too much in this country and that’s why people get away with a lot of rubbish.

And you are missing the point that Wike had no business rushing to the site to physically confront the soldiers. This statement my Galadima is all shades of wrong - “We noticed the impending danger because armed men were strategically positioned, ready to shoot. And seeing this, I sent a distress call to the Honourable Minister."
Wike is not the courts, nor is he the police. If someone contravenes the building laws, or a landed property is in dispute, the appropriate place to seek redress is the courts, and not to seek self help using thugs and powerful individuals. It would then become a clash of powers as we witnessed. Wike no be superman or spiderman, wey dey help other government officials seek justice or revenge outside the justice system.

malali:


Senator Ike Ekweremadu did not commit any crime. He was just doing things the Nigerian way till he reached UK.
Chinedu christian Nwoko is a British Citizen. He is fully answerable to British laws inside and outside Britain. If you don't know the laws of dual citizenship, wait and see.

Senator committed the crime in the UK, not in Nigeria. The crime senator Ekweremadu committed is not a crime in Nigeria and many other countries, including Turkey and India.

The crime Ned was supposed to have committed is a crime in the UK, and not a crime in Nigeria. As long as the parents, family and community recognise the marriage, its legal according to our traditional laws.

festacman:
Tinubu is blocking every opening for 2027 victory. Just wish he could do this with the governance especially reviving the economy.

Tinubu only cares for 2027, nothing else. He believes its only politicians that can secure his victory in 2027, and not the voters, hence all his actions favour politicians. There are lots of ordinary Nigerians in UK jails and jails all over the world, Tinubu does not care. He is only sending high government delegation for a high level politician convicted of organ trafficking.

ceejayluv:
Arrest him because he allegedly commited the crime where? As at the time of Regina's marriage, the minimum age of marriage in the UK was 16 with parental consent.

Ask them, did he marry her in the UK? Even in the UK, lots of immigrants from Muslim countries marry their daughters at less than 18 years of age.

2mch:
You fell into my trap. I knew one of you will fall. Here is the father’s audio, his voice note so his voice could be heard. By the way he was giving interviews up and down social media. The father fought haaard for his daughter. But Ned thought he can use his money to destroy that man’s family and marry his child to use for his own ambition. Now, where is the ambition. Money cannot buy everything.

https://youtube.com/shorts/30g5GYuIBAM?si=ZgSUdD73X6UTE62-

Which Trap? A blogger posted snippets of a voice note claiming to be Regina's father, saying Regina was 17, the Mother granted an interview to BBC claiming she was 19, everyone is free to choose who to believe.
If it was true that it was indeed Regina Daniel's father that made the voice note, then he is a very irresponsible man. He claimed to be a lawyer. If he is a responsible man that love and cared for his children, why did he not take Ned and his ex wife to court for conducting an underage marriage on his daughter? Where was he all the while, when the ex-wife was raising their children alone? Regina and her siblings obviously had no paternal care or guidance. He was busy raising another family and abandoned his children. If it was in the US , he would be in jail for neglecting his children.

2mch:
Video from 6yrs ago. The father shouted everywhere that the girl is 17 and had a surprise wedding. She thought she was going to act a movie. By the way, 65yrs is Ned football age. Ned is about 70 or above 70.


https://www.youtube.com/watch?v=-9iWL-4R7gE?si=y-qzHdBNCFbw1Wrh

You posted a bloggers opinion as proof of Regina Daniel's age at the time of marriage. What evidence did the blogger present for you to believe her.

Here is Regina Daniel's biological mother telling the whole world her daughter's age. - https://www.facebook.com/share/r/15rmPQMMCd/

Now, who are we to believe - a blogger or her mother that gave birth to her?

HgAkpobomeEr:
Kukah's comment is a reflection of the self-serving nature of the Nigerian elite.

He was just talking without saying anything. He is just like other religious elites, complicity with the government to exploit the people. Not for once has reverend Kuka condemned the killings of his Catholic Church congregation going on in the North.

malali:

This is not about a lawyer taking up the case......Nigerians are not ignorant.
He will face the Ethics committee of the Solicitors regulation authority
Statutory Rape is a big deal for any queens counsel
If you don't know what you are talking about, i advice you do your research
Ekweremadu walked into the same trap, thinking he was in Nigeria.

I wont be surprised if Ned Nwoko is arrested the next time he steps in the UK
A lot of petition are already flying against him.

Arrested for what? Did he commit any crime in the UK? Or did Nigeria say he committed a crime in Nigeria, and labelled a fugitive?
A lot of you guys are just parroting Western (European) law and customs, and applying it to others without looking at their unique socio-cultural background. Even in the US, people marry multiple wives or under 18 girls. One even documented his "bigamy" in a series called sister wives.

Nigeria operates multiple laws, there is tradition laws, religious laws and English law. And the Nigerian constitution recognises all three laws, with only a caveat that the English law is superior. Then there are different laws between the north and south. The south use the criminal code, while the north use the Penal code. Sometimes these two laws are at variance with each other.

Now back to this case. First Ned is Muslim. He married under both Muslim law and traditional law. Muslim and traditional law permits polygamy and underage marriage. Please note that the Nigerian constitution recognises both Muslim law and traditional law. So it would be interesting for someone to sue a man and the families engaging in underage marriage ceremony.

As much as I detest Senator Ned for marrying an underage girl, I blame Regina's mother and her family more. They openly came out to deny Regina was 17 at the time people raised concerns. They claimed Regina was 19 in unison, and they participated in the marriage ceremony, along with their whole community. So how can you then blame Ned for marrying an underage girl? Na him born am?

shortgun:
Nobody will think of building refinery in the southeast but those same people are drilling oil daily from southeast. They can drill southeast oil but can't build a refinery in the southeast

Many Southeasterners have Oil Mining licences, and some have licences to build refineries since the days of OBJ, why are they not building refineries?

shortgun:
....while in Nigeria we site our refineries in kaduna, hundreds of kilometers from crude oil source, yet not a single refinery has been built in the Southeast, despite the region’s abundant oil and gas reserves.

Old news, or rather outdated victim card. Who or what stops Southeasterners from building refineries in the Southeast, or make the environment conducive for Dangote or other wealthy Nigerians to build refineries in the south east?

badaru911:
I hope this is just for one meal, not 3x. This is what the FG are seeing and saying that 90% of Nigerians are living large. Well mine is oyo and that 1700 is for a family of 4 for a poverty meal Sha. ..

N1700 for a family of 4 ke? Poverty meal or not, how much is the gas or kerosene to cook the meal?

We4all:
How someone can audaciously justify men that cheat as if it were something to be proud of should be studied in Harvard. My joy is that women have become sensible and are giving men a run for their money in the cheating game.

Mean cheat because the can, and that been the way it had been since the dawn of history. Mean have multiple wives, concubines or girlfriends if they have the money, power or drive to maintain them. It's in modern times that it's called cheating, before it was tradition.

LagosOrigin:
For those who may not know about Seyi tinubu wife.

Her full names are Layal Chinwe jade Holm. Her father is a Lebanese while her mom is from Anambra state Nigeria.

She's the future first lady of Lagos state.

So Lagos State has become a monarchy, where son inherit governorship from his father? Otherwise, what qualifies Seyi Tinubu to be governor of Lagos State?