₦airaland Forum

nairalanda1:
I am not a fan of tinubu, and let us be honest, if PDP Had been united, we would not have been talking of APC In power. APC Lost 10 million votes from 2019 in the last election...the palaver was the opposition was divided.

But on this idea that tinubu destroyed the economy in one day, is bunkum and an exaggeration, and I say this as someone who thinks that Tinubu is a bad leader.

But the Zim example...Zim already was having economic issues. Mugabe in essence wrecked the economy further by destroying the white owned farm system in the name of justice. Good intentions, but at the end, the economy, already crashing, went down

But back to Nigeria

1.By August 2022, our debt was consuming 90% of our revenue. It was so bad, that we had in essence pledged a large chunk of our reserves against our debt.

2.And a large chunk of the debt was due to two things

a) Oil prices being too low from 2014-2021, and 2022-date for us to have enough cash. We have 200 million people, and have enough oil for a nation that is the size of the UAE....with 20 million or less. We need oil to be above 130 DOLLARS per barrel consistently for us to balance the budget. Oil also forms 80% of our revenue. The rest is from taxes.

b) Subsidy costs rising

IN January 2012, when GEJ wisely tried to remove subsidy to make fuel cost N141 from N65 , Landing cost of fuel was N99, while cost of fuel at the pump was N65...MEANING...subsides cost N34. BY 2023, fuel was costing N195, AND Landing costs were over N400.

3. If Tinubu had kept subsidy, by now....landing costs are over N1100, assuming he kept it at N200 per liter, by now, subsidy costs would have been eating somewhere around 18 trillion naira of our budget.

At the end , we would have been borrowing even more to fill the resulting deficit...meaning that by now, debt would have been consuming all our revenue, and a huge part of the loans we take .


There is a reason why OBI and atiku and tinubu, and all the candidates EXCEPT Sowore, said they would remove subsidy (Yes, even the 36 year old prof stated that subsidy would go, as did the SDP candidate). They could see the disaster approaching.

And there is a reasin why GEJ was bloody right in 2012...and yes, I backed him back then on subsidy DESPITE Being his critic, (as I am of this admin, and Buhari, and most of our governments, because we have never had a good government in this country)...because his advisers could see the disaster comming...and because by 2012, we were refining 95000 bpd, down from 400000 bpd in 1986.

As at May 29, 2003, most of our revenue was going to pay for debt. There was no money for subsidy anymore. The tragedy of TInubu';s government is that he brought back subsidy, now at between N400-600 PER LITER....meaning that at the end, we are going to borrow more and more to fill the resulting deficit.

(Also African economies are walking disiasters because they rely on the price of the resource they sell. If cocoa goes down to 1 dollar per ton, Ghana will collapse. If the price of copper crashes, zambia would collapse. Wait, it has happened many times. The only strong african economies are the diversified ones like SA and Egypt...and even Egypt is in a mess, their debt situation makes Nigeria look just as nice, OR countires like Botswana that have a very tiny population. )

Ye can abuse me, and God knows I have been abused on this site for supporting subsidy removal...and even trolled, and called mentally deficient and foolih. Yes, I KNOW...MOST NIGERIANS ARE POOR AND SUFFERING. YES, I KNOW THAT WE CANNOT AFFORD FUEL AT MARKET PRICE, AND GOD KNOWS I WISH THERE WAS A WAY....TO KEEP SUBSIDY. I EFFING KNOW.

But I know that if tinubu kept subsidy so that we could afford fuel at N200 per liter, by now we would be basically run out of money. You want your salary paid in 2 years time? You want us to pay two thirds of our budget this year on subsides....because cheap fuel...and take a loan to cover the hole.


Subsidy should have gone in 2012, or even 1990.


(NO, i DON'T SUPPORT APC, or am I blind. But I had my eyes opened in 2012, and I am not going back)

Bro, you are very right in your analysis and only a fool will abuse you as you say some people are doing. You are one of the few reasonable people I've found on this forum.

However try to understand why we/I still insist that Tinubu used that ill-conceived announcement to destroy the economy very swiftly:

1. He shouldn't have done it on the first day in office. Rather, a good leader would have constituted his economic team and planned on how to manage the situation before making the announcement. Instead, he announced it as if he was just coming to hurt the citizens which is what it was actually. Tinubu obviously hates Nigerians for hating him. He knows that the people did not support him, that he got in through the back door, hence his hatred for Nigerians and why he is trying hard to punish us. Is it any wonder democracy insists that the people should be ruled by those they choose.
2. He himself was one of the toughest critics of subsidy removal during the Goodluck Jonathan administration, even when that administration tried to manage the situation with a human face. Not only that he hasn't apologized for doing that, he came to do the same thing that GEJ did and without even managing it the way GEJ tried to do.

No one says that good leaders don't take difficult decisions. But they try to take it with compassion in a way that it will not kill off the citizens they are meant to lead. Someone else other than Tinubu could have removed the subsidy without all the disastrous consequences that followed this time. Or, what do you think?

Reality3080:
what about d igbo grammar eating from d dustbin?
What about d igbo man that killed his son over plate of food?

U igbos are a joke

So, you now admit that the economy is EXTREMELY bad both to you, the Igbos, and everyone?? It's why we're criticizing Tinubu.

The way you think is very pathetic. Your BIG mental problem is that you just can't think beyond tribe. Did I tell you that Igbos are not suffering? Rather, I was trying to let you understand that you should stop saying that Igbos are pained since your people are also suffering. Then, you come telling me, "what of this... What of that".

Bro honestly, I'm ashamed of your low IQ. Try to think beyond tribe. Tribe isn't everything. I didn't mention any tribe in my thread, but you have turned it into a tribal war because of your low IQ.

We are not criticizing Tinubu because he is Yoruba. Try to understand that. Even if an Igbo person is there and he's behaving like him, we'd even criticize him more.

Read my signature and see how stupid tribalism makes Nigerians look.

Reality3080:
igbos say election loss no pain then but they can’t get over it

Swear with your life say u no b igbo

It couldn't pain me more than those crying "ebin pa wa" and committing suicide here and there. Very little minds that have capacity only for ONE word, ie. TRIBE. It's beyond pitiable that tribe is all you could process from a question meant to help you think. See them, very low mindsets, tueh!

EmperorCaesar:
They fact that they have been crying in unison since March 2023 is even worrying

How can a whole tribe be crying like they got battered by one man...oh yea, that one man ended the hope of a whole tribe

The tears is worth it

What do you think about this comparison between President Tinubu of Nigeria and former President Mugabe of Zimbabwe?

Bullfallo:
Even Robert Mugabe is far better than Tinubu. It took Mugabe 20-40years to destroy Zimbabwe but it took Tinubu just 1 day to destroy Nigeria.

As for me, this isn't just social media banter. Instead, I see a big truth here.

Yes, it took Tinubu just ONE DAY to take the Nigerian economy a million rungs down the ladder. If you still don't understand, here's what I mean...

I used to pity those African countries whose currencies exchanged as much as 1000 units per USD, wondering how they're able to survive in international trade. But today, our Naira is way below this.

And you know what? It took just ONE DAY of Tinubu's most insensitive announcement of subsidy removal on the FIRST day of his presidency to start the swift downward spiral that brought us here.

I laugh when I see Nigerians who still hope that Tinubu will somehow get it right before 2027. See why...

1. Do you know what it will take Tinubu to repair what he has damaged first before making his own positive impact? For instance, how much do you think it will take Tinubu to take the Naira back to where he met it before improving on it?

2. How do you think that someone who was so callous as to make that ill-fated announcement on his first day in office, will now be committed to the welfare of Nigerians enough to make such an impact in 3 years or even 7? Do we even think beyond our noses?
3. Do you know how much Tinubu spent to become the President against all odds? Do you know how long it will take him to recoup his investment before paying any serious attention to you and I if at all he cares?

Someone may now come and begin to tell me one or two things that Tinubu may have done well in his/her evaluation. But the truth is that there's nobody who will not do something well to some extent as a president (even if he is a one-year-old). Instead, we are talking of overhauling the country which we are desperately in need of. So I'm saying no one should expect that from Tinubu not even until the year 3,000.

lamentor78:
Very useless story and incomplete, when use the word billionaire, please, quote whether in cowries, shilings,goats ,naira or dollars.
Ojukwu father might be billionaire in cowries, because I don't understand why there name is not in Forbes, Dantata Nephew today is in Forbes ,Adenuga is in Forbes .Na only those people wey no get reach 10 million dollars we go they hear say dem be billionaire

When you hate too much, you become too dull. He sourced this from Forbes as he indicated. See it here... https://www.forbesafrica.com/wealth/2017/08/07/small-town-super-rich/

kettykin:
I am talking about innocent Chukwuma, ibeto,chicason, tummy tummy, man like Chico , obijackson, cubana etc

Onijackson is from Okija and Cubana from Oba.

Omeggie1:
Hello everyone,

Workplace Bullying is a serious concern in the labour sector. A lot of employees in Nigeria do not even know how to identify this phenomenon.

A research is ongoing in this regard, kindly assist to fill this questionnaire so as to identify the ingredients of workplace Bullying and how it affects your mental health.

https:///JRnewHtkssHHpJ8S6

Thank you for your time.

I was trying to respond to the questionaire but realized it's only for people who CURRENTLY work in LAGOS-BASED organizations. Although the title already indicates so, I think you should give an overt instruction to that effect because of less circumspective people who might answer from outside Lagos, thereby giving a misleading outcome.

Also, based on the questions you asked, I think the more natural options should read something like:

A. Yes
B. No
C. Not sure

Refer to the sample on this screenshot👇below...

Good success!

Bread and groundnut.

Thanks for the info. Do you know the current easiest option for Nigerian Amazon publishers to receive their payment? Thanks.

Hmmm, scary news. And to think there are thousands other police personnel using state-provided guns to rob us!

SoNature:
The reason is that they still use emotions to watch Nigeria's game. In fact, I don't use emotions to watch anything I see on a mete television.

I stopped that when I realised that my happiness is too important to be left in the hands of random boys who wear green and white jersey to run up and down in a field for some minutes for their own benefits.

Is this the first AFCON ever played by Nigeria? Why were Nigerians not dying like fowls all these years watching AFCON games where Super Eagles are playing? Why up to 5 people only this year? That man said something deep here.

Nlfpmod

osscarr:
1. I don't see any reasonable solution U've shared here
2. I have never quarrelled with u B4
As for dieing of ulcer, sorry I don't have time to die. U can die of cancer if U wish

This is to say I'm really sorry for the harsh words I used.

Do you know why more Nigerians have died watching 2024 African Cup of Nations than those who have died watching the same tournament in all it's history? Wait, I found something I will share with you on this...

Hmmmmm.

Catapault:
Is he not allowed to change his mind on policy direction of the country based on new realities or better knowledge/information?

Is he a robot?

Or a zombie?

What sort of country is this?

If you change your mind, you apologize to those you misled if you are a human and not a robot or a zombie. You admit you were wrong beforehand and not to carry on as if nothing went wrong with you.

Qualified Nigerians with informal education? What does that mean?

Too painful. I've hardly ever seen anybody complain about Access Bank services.

Show proofs that he is wanted or that he has scammed anybody and we will get this escalated.

osscarr:
I don't care what you are
If you have a solution, bring it up and Stop coming here to ask stupid question

You've probably run mad oh. Look and see if I'm the one that asked the question. As for solution, I have shared something above. If you like, use it. If you like, go and continue to get angry with everybody and die of ulcer.

Udoboss:
Forget Obi and come to nairaland and bring suggestions that will bail Tinubu out...there are government officials here...they might see your post and push your idea...

Nation is bleeding...You came out to call Obi

Don't we have consciences??

About this, here's a solution I believe in because it is mainly people-powered...

The Shortest Cut To Raising The Value Of The Naira: A Proposal To Nigerian Governments, NGOs and the Masses(Google Doc)

Let's stop depending on government officials because even if they get the idea, they will not know how to implement it. They will only use it to go and curry favor and it ends there.

osscarr:
So should we blame Obi?
Ur presidiot and the CBN governor is responsible for economic policies
Idiot

Bro, quarreling with people all the time is not a solution. It makes you look like an animal. It also constitutes blockade to your favorite candidate. I am Obidient too.

Catapault:
So why is everybody now abusing Tinubu for the inflation?

It makes no sense.

Or am I missing something?

Yes, you're missing something big. One reason people are abusing Tinubu is that he campaigned vigorously against subsidy removal during Goodluck Jonathan's era. That's hypocrisy.

Good question.

Answer: Obi would have managed the situation better, with a human face and creativity.

Really

What a coincidence!

Nlfpmod

News about Nigeria's economic woes sound very stale to me. Is it only me?

GoodLife4live:
pity your hateful soul... U son of pedittion.... i don't know what u enjoy in unconstructive criticism if not the hate in you

Now, this your comment is pure CONSTRUCTIVE criticism, lol😂 It's like hypocrisy is some people's culture🤣. MR CONSTRUCTOR😁😁😁

NO HATE IN YOU. Your comment is full of love💜💕💜💕💖💔

The same mental illness that makes some people call a fully war-like religion a RELIGION OF PEACE.

Chai! Wonders shall never end😁🤣😭😁🤣😭😁🤣😭

GoodLife4live:
leave the akpu eaters to masturbated... Dey are always happy with bad News....

I pity you if this is all your brain could process from what the guy said.

Oh, we're gone ooooh! Hai! Even DR Congo of all people don de get mouth to yab de Giant, because if an iroko falls, women can climb it.

FOOD is still an issue here. Shame!

Sirianese:
Your IQ is less than zero

And, for saying this trash without backing it up with even 1 point, your IQ obviously doesn't exist, let alone being less than -1,000,000.