I think we have to enact a law that prevents an administration from borrowing and leaving debt for their successor who will inturn borrow their own.

Any government that cannot raise IGR should go the way of bonds and not seeking international or foreign loans when they know they cannot pay.

That it is not really about increase in salary. As a matter of fact, many of them who have japaed still retain their jobs in NIgeria and do not let go of the so called poor salary.

Ozommadu:


And your point is??

That will hasten how quick their money to japa will be complete.

Majority of Nigerians from average or poor background will go abroad whether or not they earn good income in Nigeria. The more they earn, the easier it is for them to go abroad.

Sometimes, even increasing their salary is a problem. Many civil servants who are paid far less than doctors cannot leave because they cannot afford it, doctors are able to leave because they are paid relatively well compared to other civil servants

Ozommadu:


FG should increase their pay 100% first...you can't pay medical doctors peanut while you buy yourself 5bn yatch and pay 90bn for nonsense Saudi Arabia pilgrimage and expect the doctors not to look for greener pastures.

Give them 100% pay raise first

I hope this egon knows that even the CNG is made from crude? Abi he think say na water dem take make am?

Yet one Obi supporter like that will be claiming that infrastructure is not important. Hope he can read now why the lack of it can affect the livelihood of people

https://www.nairaland.com/8078084/popular-obi-supporter-questions-benefit

Here we go again. Always trying to make it look as if Dangote held other people's brocus and told them not to invest in the same sector that he is investing in.
As a matter of fact, it has been shown that there is no sector where Dangote is a monopoly. He may have a larger market share but definitely not a monopoly.

If anything, it is even in the refinery that he may even enjoy some sort of monopoly since there are always no one with a working refinery in the country.

he had a monopoly or was part of a duopoly in Nigeria’s food and cement sectors.

Insecurity is our major problem right now. Farmers have to be able to return to their farms.

As for the lazy people who go and hide in cities and expect farmers to invest their lives under the sun for them and sell food cheap, they may be in for a long wait.

Think about it, from the perspective of the few farmers able to farm, this is probably one of their best years, it is the consumers who are crying the most.

MossadAgent:
...

The reasons for the astronomical cost of food prices in Nigeria is as a direct result of terrorist and bandits harassing farmers.

CaptainGo:
Why is the comment section so scanty?

Perhaps this guy''s prediction is correct. The folks he talked about are probably waiting for directive from their whatsapp admins on how to respond. The whatsapp admins are probably confused with all the graphs and data.

Tjra:
This thread no fit pass page 2 because obidients tiny brains no fit process the information.

They are all confused right now.

Nzogbu Nzogbu no dey here.

I have heard some folks say Reino does not have a job that is why he always has time to be attacking Obi but the guy here that wanted to be president, I am not sure what to say about his job status either because he seems to only attend parties and major in minor issues.

How many family members wen de quarrel he go fit visit? There are many families where siblings do not see eye to eye, is he now going to request for a list of them and start visiting all of them?

If this guy had somehow managed to be president, he would have spent more time trying to keep up appearances than actually facing real issues.

There was a time when it was all about Buhari and then Tinubu, at that time he was the friend of obidients.

Now that like a proverbial dog that has turned against his master, now you guys want to discredit him.

Look at the comments of support he got in this 2019 thread from present day obidient members https://www.nairaland.com/5343240/reno-omokri-under-gej-reno

israelmao:
Nine out of comments of this turncoat and sycophant this day are always on Obi,Reno who claims to be activist has turned bread-and-butter seeking political jobber who has been totally bought over by Tinubu to demonize Obi by all possible means.

God bless you. The panel had a timeframe, I think they even exceeded and work has been completed. Where they thinking they would be there forever so that they themselves can open their own fraud?

Anyway, news items like this are designed for either people who either have a low IQ or do not at least try to follow the news.

adioolayi:
I don't agree.

There was a timeline for investigation and Mr. Obazee had enough of it.

He concluded his investigation and submitted his reports

https://www.arise.tv/nine-months-after-obazee-concludes-investigation-into-cbn-and-related-entities/

If he is again interested in the job, he should come out clean..not all these backend media campaigns

It was reported then, that his team were carrying out "illegal raids" even after submissions of their reports and expirations of their contracts

https://dailynigerian.com/onsa-summons-cbn-investigator/

So, why this news again? If President Tinubu needs his service again, he should reappoint him..but I don't understand this media noise

You call them bot just because they do not allow you guys go far with your lies before they burst them?

Yes, the same court that made Obi governor.

nony43:





The same court that made Uzodinma Gov?

Because your brother lose election you start saying nonsense. For someone that claims to have Phd in law, this statement is a disgrace. As a matter of fact, steps should be taken to disrobe him.

Your brother had all the time in the world to prove that he won but all that he was practically telling the court to do was ; "I know I lost the election but the winner of the election should have been disqualified. After you disqualify him, jump over the second person (Atiku) and make me presido"

This same guy who claims to have Phd or maybe it is even pull him down (Phd) that he has sef, did not advise Obi's legal team to be serious only to start claiming nonsense.

I wish INEC or the courts for sue him.

The recovery that is hoped for, (note that I used the word hope because Nigeria matter never follows a straight line) is in the reduction of USD demand that petrol was gulping. It is hoped that if assuming for academic purposes that $1M is what is available for everyone to bid for, and petrol takes up to $600k of that demand, the argument is that if petrol now takes only about $200k of the $1M available then there will now b about $800k available for other ventures that require USD compared to the only $400 available before the refinery came on board.

That is the hope right now.

MasterJayJay:


Garri is not priced by naira-dollar exchange rate. But the crude oil that Dangote will buy is priced by naira-dollar exchange rate.

If you subject any product to dollar exchange rate, I doubt if it can help the naira recover at all.

This is another interesting angle to the discussion.

Nice one. But do Ecowas countries pay each other in USD?

MossadAgent:


Illiterate.

At 600k bpd, the govt can use Dangote refinery to mop up excess printed liquidity from the system.

At $80 and an exchange rate of #1,500, a barrel of crude will go for #120,000. Multiply that with the projected daily processing capacity of 600k bpd that stands at #72bn. Multiply that for a typical long term 30 day order and that translates to #2 Trillion naira monthly and for a year #24 Trillion.

The govt can use just this sales to Dangote refinery to mop up excess liquidity in the system printed from thin air by Emefile .

And when you consider that Dangote will eventually sell most of that refined stock in dollars to neighbouring African countries that will be paid through the CBN, you have a major FX earner for the country and a means to reduce inflation caused by too much money in circulation.

Dangotte Refinery is not coming to reduce the price of PMS. The major advantages are direct and indirect employment opportunities, business opportunities, tax and reducing the amount of forex spent on importation of Crude which is hoped will help the currency to recover.

So stop selling the narrative that petrol will reduce. Ghana, Toogo and Benin Republic even now pay more than we pay for PMS even though they are not richer than us.

MasterJayJay:
Use import duty as an example. Importers pay import duties in naira. But the cost is determined at the current naira-dollar exchange rate.

Dangote will buy crudeoil from NNPC with naira at the current naira-dollar exchange rate.

This won't make petrol cheaper.

If 1$ was equal to 2500 yen in China, they will be very happy. You know why? they are a productive hardworking people. Here you have a bunch of lazy people who just want to import everything and when they cannot afford their imports, they resort to protest.

Since 1 pound is now 2500 naira, how about you make lemonade from Lemon and export 1000 pound worth of items, that is already 2.5 million naira.

Nonsense

Talking about wristwatch, I remember one scammer who went on air to claim to have only worn one watch for more than 10 years until he was busted.

That guy will say that money should have been shared because our GDP to something ratio is not right. And he will say it with confidence

Godwin4444:
Mrvitalis

Hope u don’t see any doom about this?

Imagine when the coastal road comes online, folks from Lagos will now be able to plan a weekend to visit the place more often. Hopefully by then we would have gotten our security right.

Let us just a simple maths... This chap demolished a House of Assembly structure and is suggesting rebuilding with around 19 billion, so between these 2, which is more expensive assuming they were place side by side?

able20:
I hope that the SW will learn from Fubara's policies.
End godfathers in politics, it is too expensive.
The country belongs to all.

Exactly, they will first imagine the worst possible scenario, then believe it, then react to their imagination as if it were true after which they start spreading it like a done deal.

Even their lamba oga, the party joggler and twitter presido is not any different

Exousiang01:
The gentle man is exporting and bringing in FX now but those ugly hearted creatures called Obidients would find another thing to say.

Evil hearted people who never see good in anything and even they cannot find anything bad to say they imagine the worst, make it into news spread it and jubilate.

I see Obidients as people with sand in their brains

You have to be possessed with the worse demon of envy not to appreciate what this man has done.

There were many folks who were given license to build refineries since 2004/5, rather than build they took the easy route and used their license to become importers and were collecting subsidy, Dangotte on the other hand first bought an ailing refinery which was revoked, rather than start crying he restrategized and undertook to build one of the world's biggest refineries.

If the man decides to sell his fuel at 2k, so be it. Afterall, when you guys import your products, no one fixes prices for you. If you do not like his price, go and also tie your money down while building your refinery.

Another foolish talk.

This represents the way obidients think.

These same set of people would have been claiming "Humble Obi" if he was the one that sat by himself, flew commercial and carried his own bag but because it is another person, they want to twist the story..

What exactly is wrong with Amaechi seating and waiting for his flight, do you want him to go and buy a private jet if he cannot afford it?

The question is, what is wrong with a man seating by himself waiting for his flight to the extent that Charly boy, who clearly has the same mindset as many obidients is mocking him?

coins501:

If you think Chibuike Rotimi Amaechi, former aide to deputy governor of RIVERS STATE,former speaker of RIVERS STATE House of Assembly for Eight years, former Governor of RIVERS STATE for Eight years and former Transport Minister for Eight years who BORROWED TRILLIONS for railway revolution for Nigeria cannot afford a private Jet, you're as deluded as the old man boy.

This represents the way obidients think.

These same set of people would have been claiming "Humble Obi" if he was the one that sat by himself, flew commercial and carried his own bag but because it is another person, they want to twist the story..

What exactly is wrong with Amaechi seating and waiting for his flight, do you want him to go and buy a private jet when he cannot afford it?

Even though this is not in line with the topic of this post, but I am just curios what would you have considered the right way?
Do not forget the difference between the official rate and the black-market rate was close to if not more than 300 naira and it was clear that there was roundtrippiing. So armed with that info, what would have done differently?

Macdeey:
Yes ! About the Fuel ⛽ the CFA is much higher than the Naira so they can afford to come and smuggled out the Fuel and make serious profit .
Floating the Naira was done in a wrong manner for sure !

The bolded is my thoughts too, however, there is still the issue of insecurity. This would have been an opportunity to ramp up our food production and export

ElSudani:


They are actually poorer than Nigerians. They just don't cry as much as Nigerians.
They are buying our foodstuff because it is cheaper for them.
Where we should see opportunity and produce more for home and for export, what some people see is only to come online and wail from morning till night.
Look at the chart below and explain why Nigeria is the only hungry one amongst the list.

Apart from insecurity, another reason why food is scarce and getting expensive is that virtually all our neighboring nations from Togo, Niger, Senegal, and all find it cheaper to buy our grains and other foodstuff.

On paper these countries are supposed to be poorer than us yet they are able to afford expensive petrol and now they can afford to buy our foodstuff whereas many Nigerians are crying over the high cost of food items

I agree with you 100%, security is a major challenge

Feldie:
were you the one telling people to go to the farm before? Go to the bush and get beheaded by scrawny looking Fulani.
When I was a kid, women in my place used to go to the farm very early in the morning, before sunrise and work in the farm. Some people even had huts there and would roast yam in the farm, work till evening before coming back home. I know of a particular woman who would go to the farm early in the morning and return around 7pm. No government told them to do any of that. Now which woman will dare go to the farm alone and spend all day there for fear of being raped and killed by animals from the arid north.
Una never see anything. Famine is coming

Very typical, always looking for short cuts.

It is planting season, the rains have started falling.