It should be way over this figure, in my opinion.

The suffering is too much I don't have money for buy food again I'm suffering seriously

BigDawsNet:


I just hope dey can hit the reset button and let everyone enjoy that Buhari economy we thought was worse

eBOLA is all out to STEAL, KILL AND DESTROY!💯💯
no more, no less 👌👌

Hungry dey o. Please anyone who can assist please help. I've been going through a lot. 8 0 6 9 7 0 8 9 8 4. Palmpay. God bless u all

Judolisco:
which subsidy is back.... Full or partial?

Partial. The actual cost of fuel is around N1200 or more.

baqirshuayb:
Pls, what would happen if the con3 is d*vided. Would every region (new country) start from afresh?
Like would 1 new Arewa currency will be = 1USD?
Iam just asking.

NO. Infact in the event of division there would be massive dollar hoarding in the first few months, because of the general uncertaintiy. People would buy dollars and forex and hold until things settle down.

Then none of the new parts of Nigeria has any means to do industrial exports. Nations with strong currency are those who export industrial goods and servicies...not resources. All the new countries will export things like oil and cocoa and cotton...whose prices we do not control, and whose prices are chronically low (speaking of cotton, all cotton producers that are not USA and are African are broke, because the USA cotton production is so high, the international price can never be high enough at all). Either way revenues would be weak for a while.

Any new currency they bring out would collapse in the first few weeks vs the dollar. It would be like Nigeria, just times 2. It would take a long time before things stabilze. Maybe the new countries would get lucky and get a leader like Park of South Korea, maybe not.


I forgot to mention, IMF would summon any new country coming from Nigeria and divide the debt Nigeria had among them. Want to complain? IMF would just lock you out of the world economy until you cry for mercy, and agree to their demands. Ask the former countries that made up Yugoslavia. IMF did not wait two months before sending invitations to them to come and talk business...you know the business.

Inflation inside generator country.
And heat wan finish people.
It is well oo

900warriorz:
If them tell me in 2015 say I go buy bag of rice N60,000 in less than 10 years, I no go believe

The country is gone. At this point, let Biafra come, let Oduduwa come, let Arewa come.

Make everybody bear him Papa name

Brace up!Na just starting we de ohh!

baqirshuayb:
Pls, what would happen if the con3 is d*vided. Would every region (new country) start from afresh?
Like would 1 new Arewa currency will be = 1USD?
Iam just asking.

Dem go first fix currency....

Metrofox:


your country is stupidly broke, they can't even afford subsidy anymore. It has all been stolen by Buhari and his gang in advance. They have been borrowing on future crude oil. Do I feel pity for the animal called Tinubu? NO?

He thought he is a smart person by bringing Buhari and his gang of thieves so he can enter through the backdoor but God knows best and the plan don backfire

God will humble you when you think you are wisest. The country will divide soonest.

That dude would likely go down in history as them president Africa has ever had...before Nigeria divide,what happened in former USSR is laying playing out here.

I’m at peace since the day I knew Nigeria is a failed state and has nothing to offer the common man other than suffering, pain and hardship. I don’t waste my time over a spilled milk

Just got off the phone with my malam. $1=₦1600.
Do Nigerians even understand the implication of this?

Me I'm feeling it we are suffering greatly

Judolisco:
plus mremoving subsidy... Bring petrol back to 200 and see if Nigerians would care about floating of the Naira

I lost hope in Nigeria right after the results of the 2023 elections were revealed. If with all the glaring signs, a lot of Nigerians still felt it was okay to vote APC and Tinubu, then to a large extent, Nigerians are the problem, not Tinubu and his gang of bandits.

My heartfelt sympathy to those who genuinely fought for and voted OBI but who still have to suffer for the foolishness of others. God will see you guys through!

Promise47:
Me I'm feeling it we are suffering greatly

boss na everybody dey feel am

Judolisco:
plus removing subsidy... Bring petrol back to 200 and see if Nigerians would care about floating of the Naira

The problem is, we are in severe debt that bringing subsidy to a level where fuel costs N200 would just worsen matters.

obailala:
I lost hope in Nigeria right after the results of the 2023 elections were revealed. If with all the glaring signs, a lot of Nigerians still felt it was okay to vote APC and Tinubu, then to a large extent, Nigerians are the problem, not Tinubu and his gang of bandits.

My heartfelt sympathy to those who genuinely fought for and voted OBI but who still have to suffer for the foolishness of others. God will see you guys through!

I believe we should have voted out apc last year.

But Obi would have done something similar. The fact is, excessive borrowing since 2014, thanks to the oil price crash, higher spending on subsidy, and lack of a diversified economy, plus an effective foreign reserve of 4billion dollars means there is nothing much Obi can do, short of taking massive loans to fund things, and IMF Is not going to lend us more money, neither are the chinese or the russians.

We are not the masters of our destiny, and we are just this near to IMF taking over.

Yes Sir you are correct

Judolisco:
boss na everybody dey feel am

Blaze14k:
After all these they will say our GDP grew by 4.5% and you keep wondering how did it happen

it will happen when government devalue the naira to come to present reality.

nairalanda1:


I believe we should have voted out apc last year.

But Obi would have done something similar. The fact is, excessive borrowing since 2014, thanks to the oil price crash, higher spending on subsidy, and lack of a diversified economy, plus an effective foreign reserve of 4billion dollars means there is nothing much Obi can do, short of taking massive loans to fund things, and IMF Is not going to lend us more money, neither are the chinese or the russians.

We are not the masters of our destiny, and we are just this near to IMF taking over.

Atleast he has an idea of what to do even during interviews that why I voted for him
But tinubu didn't say anything reasonable

Showguyz:

Atleast he has an idea of what to do even during interviews that why I voted for him
But tinubu didn't say anything reasonable

They are all the same at the end, but at least Obi talked about producing more, that was what made him stand out for me

nairalanda1:


The problem is, we are in severe debt that bringing subsidy to a level where fuel costs N200 would just worsen matters.

If we start paying our debts will it help the naira?
Because me na kpai I dey so o

nairalanda1:


They are all the same at the end, but at least Obi talked about producing more, that was what made him stand out for me

Even me too dude sounded intelligent

They now want to remove electricity tariff subsidy.

The Lord be with us.

Na statistics we go chop!!

Showguyz:

Atleast he has an idea of what to do even during interviews that why I voted for him
But tinubu didn't say anything reasonable

But he warned everybody when he said na statistics we go chop

Promise47:
The suffering is too much I don't have money for buy food again I'm suffering seriously

Eyha... I pray da lord will send a helper...

I will advise you to go to any big church around you... they will likely offer you something

ogaontop:



https://nairametrics.com/2024/02/15/nigerias-inflation-hits-29-90-in-january-2024/

Shege banza to agbadorians!

Promise47:
The suffering is too much I don't have money for buy food again I'm suffering seriously

Did you voted that pooing president with pampers that only believes he is emilokan? If you did then hunger would kill you!

The worst so far. Even during the civil war Nigeria economy has never been this bad.
Tinubu is a disaster.

Because they want to collect loan from the World bank and IMF they removed subsidy on petrol telling you lies that few people are the ones benefitting from it and some people are happy about it.

The loan that will be looted after collecting it, they want to remove on electricity too now. I just they pity Nigerians.

With E lo fokan bale, a ma gbe wale. All na for mouth, na suffering continues.

nairalanda1:


I believe we should have voted out apc last year.

But Obi would have done something similar. The fact is, excessive borrowing since 2014, thanks to the oil price crash, higher spending on subsidy, and lack of a diversified economy, plus an effective foreign reserve of 4billion dollars means there is nothing much Obi can do, short of taking massive loans to fund things, and IMF Is not going to lend us more money, neither are the chinese or the russians.

We are not the masters of our destiny, and we are just this near to IMF taking over.

I'm sorry but OBI is clearly different and would have done a lot of things differently. Let's stop excusing Tinubu's failures by erroneously claiming others would have been equally irresponsible and clueless.

For starters, OBI communicates! A good line of communication on your strategies would make a world of difference in the way the people and businesses react to your policies. Before elections, Tinubu wouldn't dare talk to anyone, grant interviews or even attend debates. He never outlined any strategy on how he intended to approach the myriad of problems, and nothing has changed after swearing in. Instead while the country is on fire he disappears to France for God knows what, and yet you think OBI would have been the same? When the pillar of a person's campaign is "it is my turn" and "na statistics we go chop?", it already speaks volumes on the person's cluelessness on how to solve the issues which everyone already knew about.


OBI on the other hand clearly communicated and communicated and communicated! Yes OBI also promised to remove subsidies, but he clearly outlined that the removal would be in phases to cushion the impact on the economy (with regards inflation). OBI also outlined that any funds saved from subsidy removal would be channeled directly (no diversions whatsoever) into fixing the refineries to ensure Nigeria stopped importing petrol as quickly as possible; a clear policy outline like this makes a world of difference!! Do you know how many times Tinubu has removed and secretly reinstated subsidies? Policy jumps and cuts like that are very disastrous for business planning; reason why companies keep fleeing Nigeria.

And then you said IMF and China wouldn't give us loans! Why would they give loans when they know the people at the helm are irresponsible spenders? When Tinubu first stepped into government, wasn't he granted a loan. What did he use the loan for?

- To buy 460 SUVs for NASS members
- To finance presidential yacht.
- To pay N25000 to 15 million households (all of which never materialised but loan money disappeared)

And you wonder why China wouldn't give us more loans? Is it today OBI started evangelizing on the imperativeness of using loans only for clearly productive ventures? Yet you think OBI wouldn't have done anything differently?