If you are an APC supporter and I see you on my TL trying to explain any Yeye thing to anybody in the opposition or doing back and forth with them to prove why PBAT should be reelected, I will block you for my peace of mind. Because I don’t understand why you have to subject yourself to that time wasting adventure.
Atiku wants petrol subsidy back.
Let's say N400 per litre
Market price is about N1,300. That is a N900 gap.
NMDPRA puts consumption at roughly 50 million litres a day.
50m x N900 = N45 billion. Per day.
N1.37 trillion a month.
N16.4 trillion a year.
Now hold that against what Oyedele announced this week. N15.8 trillion mobilised for the Federation across 31 months of subsidy removal.
Everything the country has gotten since June 2023 would be gone in 11 and a half months.
Not the first term. The first year.
And that assumes demand stays at 50 million litres, which it will not. At N400 with Cotonou and Maradi still at market price, the trucks find the border sharp.😉
Budget for 65 million litres and you are at N21 trillion.
This also means taking 2/3 of the current governors allocation. Governors go gree keh?😄
Restoring subsidy at N400 means the Federation writing an actual cheque to a private refiner for the N900 difference. Roughly N45 billion a day. N1.37 trillion a month. (Because NNPC is not doing DSDP again)
We have run this film before in the power sector. It was called NBET, and the arrears are still on somebody's balance sheet.
What would you do with N16.4 trillion a year instead?
Abeg no insults me oo, I be Elderstateman for my village. Toh🙄
Go and apply for Digital Training Academy, Portal now available
Federal Government Digital Training Academy (DTA) is finally open
The Federal Government of Nigeria is set to open the Digital Training Academy (DTA) on 17 August 2026, providing Nigerians with the opportunity to acquire free digital skills training.
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Registration now available
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BREAKING!!!
An Accord Party’s lawmaker in Osun State House of Assembly, representing Irewole Isoko Constituency, Hon. Abiola Ibrahim, has been caught by the police after he imported 146 non-Osun residents to vote in today’s governorship election.
The lawmaker made a preliminary confessional statement to the police, explaining how he camped the alien voters in Ikire to vote for Accord Party.
The lawmaker and the 146 suspects are now cooling off in the State’s CID as investigation continues.
#OsunDecides
Dear Nigerians,
For many years, Nigeria has possessed some of the most promising deep offshore oil and gas resources in the world, yet several major developments have remained stalled. Oil lies beneath our waters. We have the engineers, businesses and young people capable of doing increasingly sophisticated work in the sector. What has often been missing is the certainty required for investors to commit billions of dollars, over many years, at the scale needed to turn that potential into production, jobs and opportunity for Nigerians.
We cannot afford to leave that opportunity beneath our waters for another decade.
I have therefore signed the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, to provide clear and predictable terms for a new generation of deep offshore investment in Nigeria.
The framework has the potential to unlock up to $50 billion in investment, beginning with the approximately $10 billion Bonga South West project. For existing deep offshore leases, there is a clear window to reach Final Investment Decision by 31 December 2029 and receive the full standard incentive available under the Order.
There is urgency to this work. Capital moves, and countries compete for it every day. The countries that attract long-term investment are not necessarily those with the greatest natural resources. They are the ones that provide the greatest certainty.
Nigeria must be one of those countries.
This Order marks the tenth major policy directive of my administration targeted specifically at the oil and gas sector. Each has dealt with a constraint holding back investment, production or value creation. Taken together, they represent a deliberate effort to make our oil and gas industry more competitive, attract capital back to Nigeria and ensure that more of the value created from our resources remains here at home.
But attracting investment is only half of my purpose.
I want the work that comes with these projects to come home to Nigeria. I want our engineers involved, our fabrication yards working, our marine and technical service companies securing contracts, and our young people acquiring skills that will remain valuable long after the first barrel is produced.
The Order reflects this priority. For projects accessing its supplementary incentives, activities are to be performed in Nigeria, subject to clearly defined exceptions and Nigerian Content requirements.
My ambition is that we use this new investment cycle to build Nigeria into Africa’s regional hub for deep offshore project execution. We should not only possess the resources. We should increasingly possess the skills, businesses and industrial capacity required to develop them.
When I engaged the Chief Executive Officer of Shell plc, Mr Wael Sawan, I directed my team to look beyond a solution for one company or one project. We needed a framework that could unlock a wider pipeline of investment while protecting Nigeria’s long-term interests.
That framework is now in place.
Ultimately, I will judge its success by what Nigerians see from it in terms of good jobs, stronger Nigerian businesses, greater production, increased revenues for the Federation and new capabilities built here at home.
Our natural resources must work harder for our people.
That is the purpose of this decision, and we will pursue it with urgency.
Nigeria First.
Bola Ahmed Tinubu, GCFR
President and Commander-in-Chief of the Armed Forces
Federal Republic of Nigeria
Welcome to Class.
Course Title: Tinubunomics 402 - Total Financial Autonomy of a Subnational - Lagos As A Case Study.
Topic - Fiscal Federalism aka How To Efficiently and Effectively Run A Government With No Money from Abuja.
Lecturer - Professor Emeritus Bola Tinubu.
I don’t know what @seunokin heard, but if it is what he played, there is nowhere in the President’s statement that he insulted the partisan Bishops.
He disagreed with their attempt to force their prejudiced opinion/judgement on his administration and pushed back on the data-backed process that his policies are bringing, while making it clear that he would not pamper the lazy and opportunistic opposition politicians no matter how desperate they get, but he would be fair.
People expecting the President to roll on the floor and pander to men in cassocks who have already taken sides should go and get a diagnosis at the psych ward. https://t.co/lJy6KqkZOg
Our dear Cardinal didn't even mask it. He was firmly inside the arena.
Someone who is listening only to the audio for the first time will certainly mistake the speaker for a Politician.
When we advocate that Churches should stay out of politics, it's precisely to avoid this kind of scenario. When you dabble into the political arena, you're essentially opening up yourself to be treated like one.
Let's take a look at some of the items the Bishops went to table before the President and the responses of the President to these items so that people can point out to me where the President erred:
1. Return of missionary schools back to the church and support to build more
The Bishops asked for the President’s intervention to probably Decree a return of all government schools that originally belonged to the church back to the church.
President Tinubu in response acknowledge that it is necessary but REMINDED the Bishops that this is a matter they should raise with the Governors in their various domains and not with him because the Federal government is not holding onto any missionary schools and this doesn't require a constitutional amendment but dialogue with the states. In fact he gave them an example that as Governor of Lagos State, he handed over some schools back to the Catholic Church and worked with his friend, Anthony Cardinal Okogie to drive the process. This is before Obi replicated the same thing in Anambra (a plan Ngige began by the way).
Tinubu also told them that the land use act vests control of lands with the states and working with their various states they can get more land to build more schools.
2. Insecurity
The Bishops talked about Nigeria's security challenges and said that Nigeria is bleeding.
President Tinubu in his response agreed that of Nigeria has immense security challenges across many theatres but said that he doesn't agree with the term the Bishops used to describe the CURRENT situation.
The President however noted that he asked for the job and inherited the assets and liabilities and went further to tell you some of the steps his administration is taking to tackle our security challenges which are mostly down to the way our system has been structured and also our geographical peculiarities.
In another fora he had earlier mentioned the constitutional move to decentralise policing through the creation of State Police (something no administration has had the courage and will to push) among other measures such as expansion of Army divisions from 8 to 12 (the largest expansion in one fell swoop) to hasten response time coupled with the unprecedented recruitment of an additional 28,000 soldiers.
3. INEC, free and fair elections and one-party system
The Bishops now fully went political here, trying to insinuate that INEC is doing Tinubu's bidding and asking Tinubu to ensure that INEC is ALLOWED to conduct a free and fair election. This, to say the least is an indirect attempt to state that Tinubu is controlling INEC. The Bishops also kicked against what they described as the tilt to a one-party system saying it's not good for democracy.
Now, I don't know what the Bishops want Tinubu to say. Is it to accept their so-called "TRUTH" that he is controlling INEC or to promise them that he will help the opposition to be strong so that Nigeria won't have a one-party state?
Tinubu first and foremost reminded them that INEC is neutral (none of them pointed out any specific thing INEC did to suggest Tinubu is controlling them, so it's safe to say they are echoing the anthem of the opposition). He then told them in clear terms that he can't give the opposition red carpet to unseat him. The opposition should tell Nigerians what they will do differently and woo voters. Again Tinubu won't be helping the opposition to put their house in order, it's like giving them a rope to h@ng you. No politician including the Bishops would do that.
1/2
Student loan interest rates:
UK – 6%
USA – 8%
Kenya – 4%
Ghana – 6%
Nigeria – 0%
Nigeria is also the only country in Africa offering 0% interest on student loans while maintaining one of the lowest tuition fees.
NELFUND remains one of the best initiatives of this admin.
AN IGBO MAN FROM IMO STATE USED AN ISLAMIC NAME, PRETEND TO BE FROM THE NORTHERN PART OF NIGERIA BUT WAS CAUGHT WITH COCAlNE IN THAILAND AND THAILAND 🇹🇭 POLICE DISCOVERED THAT HE FAKE HIS IDENTITY.