Mandate1:
you see that tax collection increase, that's the primary concern of this govt. But unfortunately, you can't tax a population of people who don't have and whose means of livelihood has nosedived. Tax increment should come from creating public utilities. In Nigeria, it's the reverse.

For me, a productive nation should be interested in taxing 20m #10, 000 each, than tax 5m people 20,000 each. Nigeria should be more concerned about creating prosperity, not just tax tax tax.

Yes, govt needs more revenue, but we have to be careful not to tax people into poverty. I think president Tinubu needs to revisit his policies.

CharleyBright:
Hmmm.
Talk, Talk and all talks, with little or nothing to show while the economy is on a down-slide at a speed never seen before.
What the heck is all this gibberish any help to the poor and hungry masses?
Nigerians are hungry and the first thing on their mind is how to cope and feed with their income unable to buy foodstuff with soaring prices.
First thing to do is find means to flood the market with grains (rice, bean, corn, millet) at subsidized prices. Look for every means to crash the prices of this items. Buy them off producers in the farms and sell them cheaply thru committee boards. Once the citizens can feed, you have taken off a huge load of your shoulder and averted Natuonal crisis.

Secondly, try to crash the FX rate. Go after those hoarding Dollars including the Tinubu family. It is time for Tinubu to open the Vaults he has in Bourdillon and release the dollars he has been hoarding. Him and Atiku are part of the problem of dollars. The cleaning of the system should start from their homes. Go after the banks. They are doing round tripping and and hoarding Dollars. Raid their vaults and force them to release the dollars.

Thirdly, the FG should ban all transaction of businesses in Dollars within Nigeria. All those Stores, Business Centres and Schools receiving payments exclusively in Dollars Must Stop. Failure to do so should attract closure of such businesses.

Fourthly, the FG should make law that stipulate that no individual should keep dollar at home exceeding N5000.

CharleyBright:
Hmmm.
Talk, Talk and all talks, with little or nothing to show while the economy is on a down-slide at a speed never seen before.
What the heck is all this gibberish any help to the poor and hungry masses?
Nigerians are hungry and the first thing on their mind is how to cope and feed with their income unable to buy foodstuff with soaring prices.
First thing to do is find means to flood the market with grains (rice, bean, corn, millet) at subsidized prices. Look for every means to crash the prices of this items. Buy them off producers in the farms and sell them cheaply thru committee boards. Once the citizens can feed, you have taken off a huge load of your shoulder and averted Natuonal crisis.

Secondly, try to crash the FX rate. Go after those hoarding Dollars including the Tinubu family. It is time for Tinubu to open the Vaults he has in Bourdillon and release the dollars he has been hoarding. Him and Atiku are part of the problem of dollars. The cleaning of the system should start from their homes. Go after the banks. They are doing round tripping and and hoarding Dollars. Raid their vaults and force them to release the dollars.

Thirdly, the FG should ban all transaction of businesses in Dollars within Nigeria. All those Stores, Business Centres and Schools receiving payments exclusively in Dollars Must Stop. Failure to do so should attract closure of such businesses.

Fourthly, the FG should make law that stipulate that no individual should keep dollar at home exceeding N5000.

Massiveglory:
ebi n pa wa

inoki247:
Lol everything looks good on paper until you try them and it worked...
Nigerians are different breed that only wants to milk the loopholes of every policy...

Saintinoo:


The CBN's MPC have no business with the fiscal side of the economy, as such they have no business with Wale, they are there to make monetary policies even though I see no reason why you should appoint career bankers an MPC members.

During OBJ/Year adua, MPC members where professors of monetary economics. Even me with a degree in economics finds it difficult to understand monetary policies deeply.

There problem is that, they want to fill every position with their friends, not minding what the result is. Imagine your CBN gov, being a public admin graduate both at bsc and msc level. What do you expect.

successmatters:
Wale Edun is only groping in the dark, wallowing in confusion.

For me, I don't expect much from anyone who is brazen enough to steal power, no good policies can come from a fraudulent mandate, a cursed administration and a soiled national image.

Brace up people, they will promise too much but their past is still pursuing them.

7 and half more years.

senatordave1:


Didn't you see that he later studied economics,banking and worked in the financial sector for years

successmatters:
Wale Edun is only groping in the dark, wallowing in confusion.

For me, I don't expect much from anyone who is brazen enough to steal power, no good policies can come from a fraudulent mandate, a cursed administration and a soiled national image.

Brace up people, they will promise too much but their past is still pursuing them.

7 and half more years.

Tap0lane:
If we go by their past of transforming Lagos into the 4th largest economy in West Africa i think Nigeria is in for a jolly good time unlike the Pandora bastard Peter Obi that sank millions into poverty in Anambra.

Saintinoo:


He did a professional certification in finance, he didn't study economics or finance.

senatordave1:


Lol so he isn't qualified

Saintinoo:


Lols, the exchange rate as of today should answer that question.

stano2:
Emiefiele Policy if done with 100% transparency will really help.
Mop up the excess Naira circulating

stano2:
Emiefiele Policy if done with 100% transparency will really help.
Mop up the excess Naira circulating

Fujiyama:


^^^


Jolly good time indeed.

Chronic inflation and rampant exchange rate volatility don't qualify as a jolly good time.

Your man BAT and his team have failed. It is incredible you still have the nerve to parrot that "Lagos as 4th largest economy" nonsense. Nobody is interested in that anymore - people just want results right here, right now at the national level.

Performance will silence your critics. Not propaganda. Performance!

senatordave1:


Why not wait till the end of the year before concluding and for the various policies being introduced to manifest? As of when tinubu brought subsidy and floatation,he wasn't in govt.he only resumed 4 months ago plus mpc wasn't constituted...
Kefas Agbu is failing tarabans

Seun:

https://www.youtube.com/watch?v=hNf97-hy7Gw

Our Finance Minister, Mr. Wale Edun, who is responsible for fiscal policy, appeared on ChannelsTV to share his plans to improve the Nigerian economy:

1) Giveaways. He spent half of his time talking about giveaways. He feels most of the excess naira in circulation has gone to the rich, so he wants to share more excess naira with the poor as well. 🤐

2) To plug revenue leakages by channelling all revenue directly to the FG and disbursing expenditures directly to intended recipients without intermediaries who might embezzle the money. ✔️

3) To increase tax collection by 70% this year without increasing tax rates and eliminating some types of tax that are unnecessary. ✔️

4) He want to pay back Ways & Means by looking for new sources of revenue. I felt that his explanation of how that would be achieved was vague. It's unlikely to happen after CBN's data showed an increase in W&M. ❌

5) Collaborating with CBN by increasing interest rates to attract FPI. I find this to be short-sighted if attracting hot money is the perceived benefit of raising interest rates and not the reduction of inflation, & FDI. Also, our real interest rates are still negative, so how will this work? ❌

Overall, Mr Edun has some decent ideas but his overall plan is inadequate to solve our problems.

I recommend inviting the economists who spoke at Proshare's Economist Conference to Abuja for a retreat where they can help him to develop a comprehensive plan that might actually work.

Saintinoo:


If Tinubu did half of what Agbu Kefas did in Taraba state, Nigerians would have been worshiping him today.

Free education at the primary and secondary level, plus free waec reg.

Reduced University fee, one of the cheapest in Nigeria.

Improved electricity with Kshambili power plant

Pays salary at 25th of every month.

Gave cleaning jobs to unemployed youths all over the state in environmental ministry.

Etc.

What have your Tinubu done?

senatordave1:


All those things are token,something a bad governor would ordinary do.cleabing jobs? Kashimbila that is federal? You have obviously have a low expectations level.

Tinubu is concentrating in tackling the economic,security challenges for now.any other thing is irrelevant.by Dec,we would know how far.

Seun:

https://www.youtube.com/watch?v=hNf97-hy7Gw

Our Finance Minister, Mr. Wale Edun, who is responsible for fiscal policy, appeared on ChannelsTV to share his plans to improve the Nigerian economy:

1) Giveaways. He spent half of his time talking about giveaways. He feels most of the excess naira in circulation has gone to the rich, so he wants to share more excess naira with the poor as well. 🤐

2) To plug revenue leakages by channelling all revenue directly to the FG and disbursing expenditures directly to intended recipients without intermediaries who might embezzle the money. ✔️

3) To increase tax collection by 70% this year without increasing tax rates and eliminating some types of tax that are unnecessary. ✔️

4) He want to pay back Ways & Means by looking for new sources of revenue. I felt that his explanation of how that would be achieved was vague. It's unlikely to happen after CBN's data showed an increase in W&M. ❌

5) Collaborating with CBN by increasing interest rates to attract FPI. I find this to be short-sighted if attracting hot money is the perceived benefit of raising interest rates and not the reduction of inflation, & FDI. Also, our real interest rates are still negative, so how will this work? ❌

Overall, Mr Edun has some decent ideas but his overall plan is inadequate to solve our problems.

I recommend inviting the economists who spoke at Proshare's Economist Conference to Abuja for a retreat where they can help him to develop a comprehensive plan that might actually work.

Saintinoo:


He did a professional certification in finance, he didn't study economics or finance.

Tap0lane:
Sebi performance falls overnight na manna now ba ?!

Tap0lane:
You n your co haters might not want to hear Lagos being transformed to 4 largest economy in West Africa, it is a piece of information that will haunt you to death because it is what it is.

Tap0lane:
Even if Tinubu fail more than this as president it doesn't change it antecedent as Lagos governor.

aribisala0:
Awolowo was our best finance minister ever

aribisala0:
The job is a political one not a technical one. They are deputies of the President. They should get technical advice from civil servants and bureaucrats

aribisala0:
What they studied is not What qualifies them to head a Ministry but their political understanding of the people and national interest

Fujiyama:


^^^
You have to explain how you came to this conclusion.



^^^
That's why things are not working.

I will agree with you when (and only when) a civil engineer is appointed as the Minister of Justice. After all, what one studied in school isn't important right?



^^^
Rabid partisan politicking is what got us to where we are now. What is 'political understanding'? Some MDAs need to be managed by people who know and understand the technical stuff i.e. round pegs in round holes. If politics decides who runs those places - we are going nowhere.

aribisala0:


I don't have to do anything
Who the hell are you to tell me what I have to do?
Why do I care what you agree with? Did I beg you to agree with me?
Get the hell out of my sight

Fujiyama:


^^^


I understand the pressure is getting to you.

You are selling and marketing a bad product and consumers are not buying.

Lashing out and cursing won't cut it. Debate like an adult. If you have a convincing argument, lay it out.

Get the hell out of your sight? How? I can't see you and you certainly can't see me!

successmatters:
Wale Edun is only groping in the dark, wallowing in confusion.

For me, I don't expect much from anyone who is brazen enough to steal power, no good policies can come from a fraudulent mandate, a cursed administration and a soiled national image.

Brace up people, they will promise too much but their past is still pursuing them.

7 and half more years.