naptu2:


https://www.channelstv.com/2023/06/26/why-buhari-put-petrol-subsidy-forex-unification-on-hold-garba-shehu/

That's a big lie baba, you want to stay relevant by force.

naptu2:

The former presidential spokesperson said Buhari removed subsidy on electricity, fertilizer. Hajj/Christian Pilgrim, diesel, aviation fuel, kerosene, amongst others.
https://www.channelstv.com/2023/06/26/why-buhari-put-petrol-subsidy-forex-unification-on-hold-garba-shehu/

Pilgrimage of all things was prioritized above petrol. God.

The devil served Buhari but still wants something from Tinubu. Shameless terrorist

for 8years right. You must be as high as the Narco that is there now

This one still dey talk? Ewu nama

Jostoman:
We understand the decision to put it on hold because Una want APC to win but despite that APC no still win, what we witness during last election was changing of results ad swapping of position.

still wailing ? oh I forget a patient of post election defeat stress trauma depression disease

helinues:
Medicine after death

Hahahahahahahaha.

So you agree that you suffered for eight years under Buhari.

No worry, another eight years of suffering don face you.

nairalanda1:



Even then, we are not masters of our destiny right now.

Please, who is the master of your destiny

Tianamen1:

Please, who is the master of your destiny

You know what I mean, young padik.

nairalanda1:


You know what I mean, young padik.

If I knew, I would not be asking you.

Tianamen1:


If I knew, I would not be asking you.

I can't help those who don't want to see.

nairalanda1:


I can't help those who don't want to see.

You have your ideas you believe to be true. I see your views as no better than a market woman’s. Now, you are adding a new dimension. You claim that Nigeria’s destiny is not in its hands and I am genuinely curious about where you are going with this.

Please, even if it is just for entertainment sake, who controls Nigeria’s destiny in your view?

Tianamen1:


You have your ideas you believe to be true. I see your views as no better than a market woman’s. Now, you are adding a new dimension. You claim that Nigeria’s destiny is not in its hands and I am genuinely curious about where you are going with this.

Please, even if it is just for entertainment sake, who controls Nigeria’s destiny in your view?

I can't lead a horse who does not want to drink to water.

nairalanda1:


I can't lead a horse who does not want to drink to water.

Give me the water jare.

Tianamen1:

Give me the water jare.

You can plant primroses

nairalanda1:


You can plant primroses

Primroses

Tianamen1:

Primroses

Darren was always green

nairalanda1:


Darren was always green

You’re just messing with me. How was your day. Have a nice evening.

Tianamen1:


You’re just messing with me. How was your day. Have a nice evening.

The fork was blue

nairalanda1:


The fork was blue

You actually sound like my know it all +70 years old uncle. He is a doctor too. He is smart but I always tell him to keep his views to medicine. If indeed you are him, sorry for the disrespect and I do miss you.

Have a great day Mr. Alabi.

Tianamen1:

You actually sound like my know it all +70 years old uncle. He is a doctor too. He is smart but I always tell him to keep his views to medicine. If indeed you are him, sorry for the disrespect and I do miss you.

Have a great day Mr. Alabi.

You too, Cleopatra. Give Mark a kiss

nairalanda1:


You too, Cleopatra. Give Mark a kiss

So you are either referencing history or books

Tianamen1:

So you are either referencing history or books

No, am talking about the green hills.

nairalanda1:


No, am talking about the green hills.

And purple skies?

Treadway:
What is funny is how a simple question that begs an answer is deemed so complicated. When you don remove subsidy for like 10tins and nothing happen, wetin con dey give you liver say removal of this one go do anything? Na elementary sointin na! Ok, as dem don remove am wetin remain, removal of subsidy for air...lol. Again, me I no even say make dem no remove am, but quit the bullshit painting it as some magic bullet, when history CLEARLY has shown you otherwise.

^^^
As you said, it is a simple question. We are all waiting for him (or her) to answer truthfully.

They spend so much energy on the economics of subsidy removal but they say very little about strengthening our institutions. And they act surprised when the expected gains of the so called subsidy removal disappear into thin air.

I am still waiting for him to address your question so that I can learn.

Fujiyama:


^^^
As you said, it is a simple question. We are all waiting for him (or her) to answer truthfully.

They spend so much energy on the economics of subsidy removal but they say very little about strengthening our institutions. And they act surprised when the expected gains of the so called subsidy removal disappear into thin air.

I am still waiting for him to address your question so that I can learn.

Well I'm not sure I have the time to attempt a comprehensive answer, but we know, for sure, that scrapping subsidies ELIMINATES CORRUPTION. Given the outsize importance of corruption in popular Nigerian discourse, that alone makes it worthwhile.

I'm old enough to know that back before 2001, PHONE SERVICE was government owned and subsidized. Most people who wanted to get phone service had to pay a bribe. That I know for a fact. A mobile phone line from Mobitel, the mobile arm of NITEL, had an official price of ₦‎10K back then, but you also had to pay a bribe of ₦‎30K.

When the telecom sector was deregulated, MTN launched with a price of ₦‎50K per line, back when dollar was maybe ₦‎40/1$, which would be something like ₦‎500K to 1 million today. And today just about every Nigerian who wants a mobile phone line can get one without paying a bribe. That's a very positive outcome.

That's factual, real life results of subsidy removal in the telecoms sector. The Nigerian government has paid fuel subsidies since 1973 and it has been a source of massive corruption. Eliminating it today will lead to much better outcomes for every Nigerian.

The same is also evident in the UNIVERSITY education sector. Simple question - between the massively subsidized Federal Universities and the free market Private Universities, which are more corrupt? We all know the answer.

And let me say that the bit about strengthening institutions is largely impossible in a diverse nation. Diversity is TOXIC to democratic institutions and breeds corruption [b] and when combined with socialist policies like subsidies that ALSO promote corruption, the result is, well....a DISASTER like Nigeria.

[b]The basic pillars of national prosperity are free markets, democracy and a homogenous population. Nigeria has NONE of those, so it's no surprise it's now the Poverty Capital of the World.

Thanks.

Jostoman:
We understand the decision to put it on hold because Una want APC to win but despite that APC no still win, what we witness during last election was changing of results ad swapping of position.

says a daft obingo.

IbeOkehie:
There's no country that's 100% socialist or capitalist, but you can rank them on a scale.

^^^
Your words in bold font are clear. The next few ones...not quite so.

Give practical examples of how you will do this ranking. What indicators will you use? Government spending? State owned enterprises? Tax rates?

IbeOkehie:
Nigeria is more socialist than capitalist and that's exactly why it's poor. There's other factors that also contribute to economic prosperity and while Norway and the UK have ALL those factors, Nigeria has NONE of them and Saudi Arabia some.

^^^


Let me get this straight. According to you 'Nigeria is more socialist than capitalist and that's exactly why its poor'. In other words, the sole reason for Nigeria's failure is socialism. Also according to you, Norway and the UK have succeeded...but there are "other" factors (which you have failed to enumerate) responsible for their success.

Nigeria has failed because of socialism, while Norway and the UK have succeeded because of some "unknown" factors. How convenient.

You will have to put forward a more convincing argument.

IbeOkehie:
It's also important to note that while socialism generally produces inferior economic outcomes, it can achieve some positive results in homogenous populations.

^^^
Fair point about socialism (using the old USSR as the prime example) producing inferior economic outcomes. Your other point about socialism's usefulness in homogeneous populations...I'm not so sure. Is this a case of damning with faint praise?

Policy (of all kinds - 'socialist', 'capitalist' etc.) usually works better in homogeneous populations... so what exactly is the point here?

IbeOkehie:
The FAMILY is an excellent example of socialism working well in a homogenous population.

^^^


Families existed for thousands of years before socialism even became a thing. And families will still be there long after socialism (as a rigid, inflexible construct) becomes a topic of interest only for historians. So again, what's the point being made here?

IbeOkehie:
Reasons are many and most of us know it, that the Nigerian political-economy is STRUCTURALLY unsound and thus tends to produce poverty, corruption and violence for EVERYONE, whether working or retired.

The main aspect of that structure manifests in the SOCIALIST basis of the economy, which derives legitimacy from the evolved and popular SOCIALIST culture of the Nigerian populace.

Until Nigeria changes it's tendency to SOCIALISM, the economy will always produce poverty for the vast majority of the people whether they're workers, business owners or retirees.

Socialism seems morally right and thus is popular among human beings while free market capitalism seems wicked and selfish and thus is unpopular. The irony is that socialism produces poverty while free market capitalism produces prosperity.

^^^
Your words in bold font are true and clear. The subsequent ones... just fiery ideological rhetoric.

Socialism (and dare I say capitalism too) means different things to different people. You need to state clearly what you understand socialism (in theory and in practice) to be. Then we can take things from there.

IbeOkehie:
It has been proven by extensive and rigorous research that the likely precursor factors of a prosperous economy are capitalist free markets, demographic homogeneity and democracy. It's unfortunate that NONE of these are present in Nigeria.

^^^
What research?

Some prosperous economies (e.g. the USA) are not demographically homogeneous. Some prosperous economies (e.g. the Peoples Republic of China) are not democracies.

Some countries with homogeneous populations are poor e.g. Albania. Some democracies are poor - e.g. Greece went bankrupt a few years ago.

Cite your sources.

IbeOkehie:
Scandinavian nations generally have the highest standards of living in the world. Many people mistakenly think they're SOCIALIST countries, when they're actually FREE MARKET CAPITALIST nations. The Prime Minister of Denmark had to explicitly explain this. A Scandinavian nation like Sweden has more of a CAPITALIST FREE MARKET ECONOMY than the USA.

^^^
Ok....

So what relevance does this argument have for us in Nigeria today?

Fujiyama:


Give practical examples of how you will do this ranking. What indicators will you use? Government spending? State owned enterprises? Tax rates?\

This is one of the best rankings of economic freedom. It's well known in scholarly circles.

https://www.heritage.org/index/

Free market capitalism always yields better results than regulated markets and welfarist socialism.

I'm actually impressed with your questions, but they also show you've NEVER thought about the issues raised here. In that you're like most Nigerians...even the MOST EDUCATED Nigerians have no clue about, well, anything other than what they crammed to get their degree. Think of Wole Soyinka writing a whole book about how Muhammadu Buhari is the worst thing that ever happened to Nigeria, then a decade later advocating for his election as President of Nigeria.

I had a highly educated friend, a world renowned fellow in his field and son of a highly placed Nigerian official. The guy is very liberal, left wing, socialist. We had an argument in which he was supporting free or subsidized housing for Americans or government help of some kind, mainly for Black Americans to combat what he called SYSTEMIC RACISM.

I told him that the Clinton Government in 1999 did EXACTLY that kind of socialist program for Blacks and it caused a worldwide disaster. Here's the evidence from the NY Times, a very socialist/liberal paper -

https://www.google.com/search?q=nytimes+clinton+admin+new+regulations+for+housing+credit+1999&rlz=1C1NDCM_enUS837US837&oq=nytimes+clinton+admin+new+regulations+for+housing+credit+1999&gs_lcrp=EgZjaHJvbWUyBggAEEUYOdIBCTIzNDk1ajBqNKgCALACAA&sourceid=chrome&ie=UTF-8

What did my friend say in response? "Well if that didn't work, then they have to try something else. And you're not an economist anyway so what do you know!" This is someone who also strongly supported Buhari for President against Jonathan. What else is there to say?

Fujiyama:


So what relevance does this argument have for us in Nigeria today?

You sound exactly like that guy. That's Nigerians. That's why our country is the way it is.

Have a good day.

Shehu also noted that being “politically honest”, the Buhari administration, in its last days, could not have gone ahead with the earth-shaking reforms “because the APC (All Progressives Congress) had an election to win”. You can see that these people are very insensitive and Carlos. So you decided to put the fuel subsidy removal on hold pending when the election is over just because you know Nigerians won't vote for APC should your government remove the subsidy before the election. God is watching

article1:
Shehu also noted that being “politically honest”, the Buhari administration, in its last days, could not have gone ahead with the earth-shaking reforms “because the APC (All Progressives Congress) had an election to win”. You can see that these people are very insensitive and Carlos. So you decided to put the fuel subsidy removal on hold pending when the election is over just because you know Nigerians won't vote for APC should your government remove the subsidy before the election. God is watching

No be Carlos na Roberto...so you been want make we no win election?