₦airaland Forum

EreluRoz:
Have I denied that? No

Is Obi better? No

Have I always advocate for revolution as the only way out of this mess? Big YES

They are all the same and as such I won't blame anyone for biasedly supporting any of them till we are all already to flush them out of the system.

For the records, Tinubu performed better as governor than Obi.

All you are seeing today are accumulated problems and it keeps getting worse. Next government after Tinubu will be condemned and hail Tinubu as being better just as Buhari is currently being praised. It's a rotten system all over. Don't be deceived.

lanre316:
Don't jump into the middle of a matter and conclude from there. Start from the beginning. Read what he wrote first and reply justly.

My comment is a proportionate and appropriate reaction to his action.

RedAlert08:
You're just delusional. Nigeria is no match for south Africa in anything positive. You attribute the development to the whites, whose fault is it? Why didn't whites find your country palatable.

Nigeria that can't provide something as basic as electricity. A country of over two hundred people generating less than 4,000MW of electricity.

Shame! Shame!! Shame!!!

In negatives you exceed us. Raping little kids, HIV infections, women homicides, illiteracy, inferiority complex , killing fellow Africans. You guys should be ashamed of yourselves as self-hating Africans filled with bile.

Shaaaaaame.

lanre316:
You even get time to reply that mor0nic child of hate. Nobody send their papa. If they like they could cry for the next 100 years. Nobody send them. Let them go and develop their lands instead of causing nuisance wherever they go. They could all jump into the lagoon today and nobody will know that anything happen.

Awon osinwin eniyan.

lapintoz:
Ntooo


Their father! Pepper them well.

You go wail tire 😁

Haaland21:
sore loser spotted.

try again in 2039

ecolime:
Na that pressure dey create perfect situation for Lookman and Co. to score

Mehn, we must beat South Africa by all means oo

Then meet Ivory Coast in Final for a repeat flogging. Nothing delights me better than seeing host countries lose matches. E dey always sweet my belle 😈

sterlingD:
The thing tire me .l shock no fit talk

aviara:
I don't see the hardship ending anytime soon because Tinubu is driven by a passion to increase revenue generation and this is a recipe for hardship. This is because more money in the hands of govt through taxes means less money in the hands of citizens. Less money in the hands of citizens will negatively affect the consumption power which will also affect businesses.
To end hardship, the govt must come up with economic policies that can stimulate the economy, increase the consumption capacity of citizens and provide investment fund for small and medium scale businesses.

APCNig:
Chidi Odinkalu can go and die. We will run this government the way we like, and you can do nothing. When Goatluck Ebele Jonathan and Muhammadu Buhari brought all their semi literate relatives to government, they were setting a precedence, now we are following their foot steps, but now more vicious. We will teach you how this game is run.

OChimex:
The word Westerners, refers to people in Europe. When i first read the sentence i thought you were refering to Europeans or Americans. .
Naija own na Wasterners. Lol.

mrvitalis:
Igbos have vote Hausa and Yoruba many times

Abiola got 45% in Igbo land even when his opponent had Igbo vice

Has any Igbo man gotten 45% from South West?

nairalanda1:
Erm, pardon?

We are actually paying off debts.

(I know you want subsidy back, but we are paying too much debt to pay for it. )

If we were not paying debt, there would have been enough for subsides.

tommy589:
He is brave knowing this may cost him reelection.

This measure to discourage importation is going to take many years as you mentioned. And probably many years after he has left to see the result
.
I am not sure their are serious cotton and tobacco farmers as it was in the past. Some manufacturers,like textiles and cigarettes makers have been disconnected for decades from their local suppliers..

Are these manufacturers/importers going to go back to local production instead of importation that offers less work force and like zero labor/management face off

DeLaRue:
You think so, but that's not the reality.

There is a pain point at which demand for many imported goods will fall fast. People will simply start buying less and less of them. Whether that pain point is at N1500, N1800, or N2000 to a dollar, I don't know.

But the CBN will have the data. They know. If N1500 doesn't stiffle imports to the level they want, I suspect the CBN will not mind seeing naira close to N2,000 to a dollar.

In some ways, it is to the credit of Mr Tinubu's administration that it is willing to follow this extremely tough path to redirect the economy from import-dependence to greater local production. For a politician facing election in just over 3 years to follow a path that may not show positive results for a few years, is truly brave.

The Nigerian economy was heading for the rocks after over 40 years of mismanagement. Tough decisions are needed to correct long term over dependence on imports.

That naira/dollar pain point is the point at which local production of certain goods starts becoming more viable than importing the same goods. This should translate to us producing more of what we need locally. This will lead to more job creation, less pressure on the naira, and a stronger, more balanced economy in the long term.

But this approach comes with a lot of economic pain initially, as the country is witnessing now.

That's the theory o.

Whether things happen in practice like I stated above is a different matter, because Nigeria's situation often defy economic theory.

Have you ever felt the pangs of a dying man because that is what you are suggesting. I perceive you may come from a privileged position. If you were drinking only garri and garri is no longer affordable, you would bear it. You prescribe for people what you cannot bear if you were in their position.

12345baba:
So our stock high like this na him these girls dey use us play here

nairalanda1:
It has been in several reports. It is only now, thanks to the partial subsidy removal the government did, as well as their floating of the naira that it has gone down to 63% now.

We got into the debt because at the end, the money we earn from oil cannot carry Nigeria. Then there is the looting issue as well. Add that up, and we have wahala. And it has always been like

All, in all scary.

The problem is, APC was supposed to diversify the economy from 2015 onward. they did not, that is why we are here

Here is a report from last year on the debt servicing..KPMG says Nigeria may spend 100% revenue on debt service

That's why I yell about subsidy removal. And have done so since 2011, when my eyes were opened.