Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,268 members, 7,815,444 topics. Date: Thursday, 02 May 2024 at 12:31 PM

FG To Save ₦‎8 Trilion Annually From Subsidy Removal, FX Reform - Taiwo Oyedele - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG To Save ₦‎8 Trilion Annually From Subsidy Removal, FX Reform - Taiwo Oyedele (7160 Views)

81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele / Where Are The Savings From Subsidy Removal? - Obinna Chima / Zainab Ahmed: Creditors Owe FG ₦5.2 Trilion (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Re: FG To Save ₦‎8 Trilion Annually From Subsidy Removal, FX Reform - Taiwo Oyedele by lexy2014: 6:07pm On Jan 17
Artscollection:


Steady supply of electricity won't even do any magic at this point unless the minimum wage is increased by over 400 percent so That the purchasing parity of an average nigerian will tally, if not people wont even afford electricity.
The real inflation rate is over 100%.Nigerians are in big shit.

How will increasing minimum wage by 400% tackle inflation?
Re: FG To Save ₦‎8 Trilion Annually From Subsidy Removal, FX Reform - Taiwo Oyedele by lexy2014: 6:09pm On Jan 17
Chukwuka319:
Very good of the government.At least the funds would be channeled into improving critical sectors of the economy and fueling growth and development.
Just hope Betta Edu Syndrome won't surface over the management of the money.

The ones that were "saved" after subsidy on kerosene and diesel were removed, where was it channeled to?
Re: FG To Save ₦‎8 Trilion Annually From Subsidy Removal, FX Reform - Taiwo Oyedele by Doings04: 6:23pm On Jan 17
Thieves
Re: FG To Save ₦‎8 Trilion Annually From Subsidy Removal, FX Reform - Taiwo Oyedele by Chukwuka319(m): 6:28pm On Jan 17
lexy2014:


The ones that were "saved" after subsidy on kerosene and diesel were removed, where was it channeled to?
The thievery in government is too much
Re: FG To Save ₦‎8 Trilion Annually From Subsidy Removal, FX Reform - Taiwo Oyedele by drlateef: 6:39pm On Jan 17
lexy2014:


since you read the news, am surprised that you have not answered the questions.

1. if you say that "The money they saved was not even there in the first place", then which money was saved?

2. how do you generate what was saved?

3. how did buhari budget for subsidy without backing it with money?

4. what did he back it up with?



If I still need to explain to you after giving you that information, just forget it, your understanding of economics is too low to waste my time on you.
Re: FG To Save ₦‎8 Trilion Annually From Subsidy Removal, FX Reform - Taiwo Oyedele by Artscollection: 8:37pm On Jan 17
lexy2014:


How will increasing minimum wage by 400% tackle inflation?


Honestly i don't know how to explain this to you But for Pete sake.

Remember FG removed subsidy and floated naira which led to the hyper inflation we are experiencing now while minimuim wage is still at the point of where when subsidy n floating of naira commenced.
Prices went as high as 400% because of d 2 variables so for everything to be normal again,you have to increase d minimuim wage to be at par with those variables.
Re: FG To Save ₦‎8 Trilion Annually From Subsidy Removal, FX Reform - Taiwo Oyedele by PHAYOL81: 8:48pm On Jan 17
Alright
Re: FG To Save ₦‎8 Trilion Annually From Subsidy Removal, FX Reform - Taiwo Oyedele by lexy2014: 7:24am On Jan 18
drlateef:

If I still need to explain to you after giving you that information, just forget it, your understanding of economics is too low to waste my time on you.

which information did you give?

since your understanding of economics is very high, then you should not have any problems answering these questions.

1. if you say that "The money they saved was not even there in the first place", then which money was saved?

2. how do you generate what was saved?

3. how did buhari budget for subsidy without backing it with money?

4. what did he back it up with?

(1) (2) (3) (4) (Reply)

This Is ARMED Mend. 48hrs Before The Explosions In Abuja. video. / Propaganda Alert: Note How A Local Newspaper Reported The Latest Bokoharam Video / Shock As Tinubu Attempts To Slap Saraki (picture)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 16
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.