Subsidy Was Never Real. Only the Naira’s Fall Was.

11 Aug 2026

There has never been such a thing as fuel subsidy, not as a fact. What Nigeria has always had is the recurring devaluation of the naira. Subsidy is simply the gap between the naira’s last value and its present value. You cannot remove subsidy any more than you can remove your own shadow. When the […]

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Nigeria’s Debt Didn’t Really Shrink in Dollar Terms — Here’s the Fuller Picture

10 Aug 2026

A post has been circulating claiming that Nigeria’s public debt has decreased in dollar terms since President Bola Tinubu took office in 2023. Set against the naira figures, which show a sharp rise, that dollar comparison can look like good news. But the full picture, once you use the right numbers and understand how the […]

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Naira Numbers Don’t Lie: Why Nigerians Must Reclaim Their Sovereign Voice

07 Aug 2026

Tinubu took away real value from Nigerians and replaced it with propaganda. It would have been better Nigeria never encountered Tinubu. Nigerians should rise as the Sovereign under Section 14(2)(a) of the Constitution and peacefully occupy the streets until Tinubu and his pretence of a government give way. We cannot entrust him with organising any […]

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Nigeria’s Minimum Wage Illusion: Why ₦70,000 Today Buys Less Than ₦18,000 Did in 2011 (Comparing Real Wage Value in Dollar Terms)

03 Aug 2026

When former President Goodluck Jonathan signed the national minimum wage into law in 2011, it was set at ₦18,000. At the exchange rate of the time, around ₦160 to $1, that amounted to roughly $112.5 a month. Today, under President Bola Tinubu, the national minimum wage stands at ₦70,000. But with the naira now trading […]

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Minimum Wage Math Shows Why Many Nigerians Still Feel Poorer Despite Naira Figures Doubling

02 Aug 2026

A comparison circulating online argues that a Nigerian minimum wage earner sending a child to university was better off in dollar terms under former President Goodluck Jonathan than under President Bola Tinubu, even after accounting for Tinubu’s minimum wage increase and the new NELFUND (Nigerian Education Loan Fund, the federal government’s student loan scheme) support. […]

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