akwesenana:
https://www.nairaland.com/8006358/presidential-jet-gulps-billions-maintenance

raumdeuter:


Legislation is an independent arm of govt and doesnt need consent from executive. Actually Legislators can impeach executive and I don't think executive can impeach legilator

Section 81(1) of the Constitution reserves the power of budget preparation
for the executive. After preparation, the budget is to be “laid” before the National Assembly. This constitutes the
National Assembly into the statutory approving authority for the Appropriation Act

grandstar:


Frankly speaking I'm no fan of insults.

The truth is that this government has failed woefully in the economic front. Economists here on NL were incensed when Henry Cardoso was given the the post of CBN governor as he was unqualified. It's as though Tinubu preferred to employ his boy to work with. He played safe.

Despite inflation raging, CBN interest rates are 18.5% while inflation is 29%. Interest rates need to rise to at least 30%. Tinubu has long been a fan of low interest rates and he might be dictating to the autonomous CBN.

Yes, I do support bringing down the protectionist walls for which the country has many. However, for now, this might not be a wise idea.

Why? Because the foreign reserves are empty. It can barely cover one month of imports.Opening the borders will just put further pressure on the Naira. The Naira has falling so much that I suspect agricultural produce the country formerly had no competitive advantage might no more be the case. The Naira is now worthless.

Perhaps a managed float would have been the best but there's no foreign reserves at all to defend it

Frankly speaking, Tinubu should have gone further with economic reforms. He should have deregulated the price of petrol and that of electricity upon assumption of policy. I am a fan of shock therapy.

Poland in 1989 chose to free all prices at once rather than do so gradually. It's been the darling of Central Europe and as of 2019, never suffered a recession despite the Great Recession.

The country is in an utter mess and the president seems unperturbed. He seems to feel that this is the price the country must pay to get back on its feet. It is not. When the eminent economist Pat Utomi criticized the poor state of the economy, it was a pointer that the present policies were not the solution.

The present treatmenr is worse than the disease.

izzou:
One Tyla Perry film dey come out this February

Mea Culpa

cc: iamoyindamola

iamoyindamola:

Yeah this Friday
The lead actor look like Kelly Rowland

izzou:


Yeah

E come be like say e dey predictable.

It's like i already know how it ends, just from the trailer

iamoyindamola:

Just checked it's actually Kelly Rowland
Chai she's my long time crush with Gabrielle Union

Wake up, please

izzou:


Wake up, please

iamoyindamola:

You no understand how my body they always shake when I see these women

You have snatched power, oya perform your Lagos miracles.”

izzou:


- Solomon Dalung (2024)

monerozi5590:



. Nigeria is bigger than Lagos, something Tinubu fails to understand. All his Economic Team is his boys from Lagos.

CrystalTiger:
Out of sheer wickedness or whatever, people will ask what Nigerians expect from BAT after eight months in office with the "ROT" he met..

Ibime:


Funny how both policies of Milei and Tinubu are almost the same

Nigeria 2024 budget is 36% less than 2023 while Milei devalued Argentina currency by over 50% in December and removed their fuel subsidies.

Shock therapy is shock therapy.

Ibime:


He actually didn't cos his solution is unimplementable in any reasonable timeframe. I no dey argue cos I know Nigerians are angry right now.

izzou:


Yeah. It is him

The fall of his empire started with the battle of his wives.

Omoh, maybe i am wrong, but i cannot see the advantage of having a polygamous home. Thumbs up to our Muslim brothers, but in the Eastern Nigeria, all the men i know with two wives always have issues.

liveLongNprospa:
Iamoyindamola and BlueRayDick
Abeg wetin she dey talk and why these people nor dey regard OBJ?

https://twitter.com/abdullahayofel/status/1759696028331086170?t=mPvPoEv8n32ah44-NOyyfg&s=19

Emaprince:

O lo lo lo lo lo

Ihe ji mara Dike e rugo!

Emaprince:

Spy360:

No sir. He asked if Nigeria is your private company will you keep a man like Tinubu simply because you feel his replacement will not do things differently?

GloriousGbola:
While BlueRayDick tiktok is full of agberoa fighting over nollywood chicks I have to wonder what I am doing with the YouTube algorithm


https://www.youtube.com/watch?v=mpC_hO15IoA?si=-svIBbA7LuTBrNZg

Maybe na my pikins