lionshare: I think your are not thinking this through —if prices fall as a results of cheaper alternatives and you decide to close your operations. There’s no way your absence can lead to scarcity since you didn’t cause the initial reduction in prices. You get?
If imports are cheaper than local productions then we will simply imports because that increases disposable income of the people.
Your absence will lead to reduced supply in the market, not so?
How will perpetual imports affect your exchange rate and spiral into inflation?
Have you seen someone eat his amala and he still has it in front of him on the table
anonimi: The eyesore on Bourdillon Road 2nd January 2025
Beyond his neighbours, there is something about the sight of people hanging around a president’s residence that does not speak well of his leadership capabilities. Maybe no one has nudged him to see it, but the impression that spectacle on Bourdillon Road generates is that Tinubu enjoys the sight of suffering humans and thrives in—and through— their poverty.
If all these years, impoverished people hang around you and you remain comfortable enough to keep them just so they can be handed tokens of your large heart, then it means you have a pro-poverty mindset. Such a frame of mind is oriented toward cultivating poverty rather than stimulating abundance.
That is why he could unproblematically relate the story of his “friend” who went from using five Rolls Royce to a far-less valued car and not consider the import of the nonsense he was saying. That spurious account was an indication that this is a man for whom poverty—of others, not himself—is an ideal.
Why do you think that hunger is just about the price of food?
If food prices are reducing temporarily but unemployment is rising as well as the price of other things competing for the reduced disposable income, why won’t you follow Akpabio’s advice
Omicronvaccine: Wherever You See Free Food, Eat It - Nigerian Senate President, Senator Akpabio Advises Nigerians
Love800: Africans mostly nigerians move abroad to earn and retire back to Africa to spend it. Staying abroad with your salary will eventually make you poor(average), but you will enjoy good amenities.
But then some people don't care about being poor abroad, as far it gives dem good social amenities(house, light, transport, water, security, school, health, food), they will live and die there.
Well said.
Why live in posh Lekki and drink water from shitty borehole, because the governor is stealing money that should employ workers to make pipe borne water available to everyone
ElSudani: What are you talking about? I am a farmer as well. There's a glut in the market because a lot of people thought prices would remain high for a long time and they produced a lot.
I can understand your disappointment if you projected 60,000 naira for a bag of gari and you now get 15,000 for same. The situation after the subsidy removal is not going to last forever, things will level out and the market will readjust.
Level out means increasing prices because some farmers will move to other things, right
demstone: GET EDUCATED... PMB BORROWED, PRINTED MONEY ND ALSO USED FUTURE CRUDE OIL SALE TO PAY NIGERIAS $13B ANNUAL SUBSIDY... HOW CAN A COUNTRY DAT SPENT OVER 100% OF IT'S REVENUE SERVICING" JUST DEBT" 3YRS AGO HAVE MONEY TO PAY SUBSID?. INFACT PMB & 28 STATES GOVS DIDN'T EVEN HAVE MONEY TO PAY SALARIES..
No need to shout in ALL CAPS for your lies to become true magically.
Buhari removed subsidy a decade ago.
Tinubu is also borrowing more even after removing subsidy.
How can APC be so corrupt, incompetent and useless propagandists
gabydaniels: Aug 25, 2016 The Vice President, Professor Yemi Osinbajo, has disclosed that the federal government has so far saved the sum of N1.4 trillion for not paying oil subsidy.
He also assured Nigerians that very soon, the foreign exchange market would stabilise going by some radical policies already introduced by the Central Bank of Nigeria (CBN).
The vice president who spoke in Kano yesterday during the third day of the 15th Joint Planning Board and National Council on Development meeting, urged Nigerians to restore confidence in President Muhammadu Buhari’s administration, insisting that soonest, the current economic problems would become a thing of the past.
“With the deregulation of the downstream petroleum sector, there has been a significant increase in the availability of petrol throughout the country for the savings of N1.4 trillion on subsidy payments alone,” he said.
“Also, a more flexible exchange rate regime, we will have to decrease the pressure on the external reserve. In the short run of course, there should be consequences for inflation. We expect that with greater priority we have seen in the implementation of the policy by the CBN, the foreign exchange market will stabilise and confidence will be restored.
Is our debt burden rising even more, despite $84 billion subsidy savings and hitting higher revenue targets in August with fake claims of stopped borrowing.
ElSudani: I thought you were all crying "ebi npa yin" earlier. Now the problem is that foods are so cheap and the farmers are not making enough money? Same guy who was trying to negotiate the price of groundnut.
If prices go lower than the cost of production then why wouldn’t you cut your losses and move your remaining money into another business line, thereby making food scarce and expensive in due course
How is that rocket science?
Do you know better than this former AfDB president, who won the World Food prize for his excellent work in PDP’s administration to boost food production?
The President of the African Development Bank Group Dr. Akinwumi Adesina has said the decision by Nigeria’s government to allow massive food importation risks destroying the country’s agriculture.
This follows the announcement by Nigeria’s Minister for Agriculture Abubakar Kyari on July 10 that the Federal Government would suspend duties, tariffs, and taxes on the importation of maize, husked brown rice, wheat, and cowpeas through the country’s land and sea borders, for 150 days.
“Nigeria’s recently announced policy to open its borders for massive food imports, just to tackle short-term food price hikes, is depressing,” Adesina told African Primates of the Anglican Church at a Retreat in Abuja, Nigeria, on Friday.
He warned that the policy could undermine all the hard work and private investments that have gone into Nigeria’s agriculture sector.
“Nigeria cannot rely on the importation of food to stabilize prices. Nigeria should be producing more food to stabilize food prices, while creating jobs and reducing foreign exchange spending, that will further help stabilize the Naira,” said the African Development Bank president.
“Nigeria cannot import its way out of food insecurity,” he said, “Nigeria must not be turned into a food import-dependent nation.”
Putindbutt: These are the enemies of the country, vultures and hyenas that want to get to power.
When food prices were high, they were using it as a campaign slogan. When the prices are coming down, they are coming out to display their sadness.
The billions of naira Buhari threw at the farmers under the Anchors borrowers , how did it help?, farmers were smiling to the bank, the masses were crying. A new Government came with an alternative to ease inflation but Bitter people are not happy.
Nigeria indeed dodged a missile.
The enemies of our country are those who cannot reflect deeply on issues.
coolman199: I am over 40 years old and in my adult life which is more than 23 years, I have never experience stable power supply in Nigeria.
Nigeria did not slip, number of power generated doesn't translate to power at home. Nigeria is a nation in perpetual darkness that needs redemption. Let us stop all this childish banters based on political leaning.
How can you say that APC leaders looters are people of IntegriThief
toffyz: Aye mi ooo, so there are levels to hatred.
Yours is at the highest level. Humans...SMH
Kíni ó ṣe aiyé ẹ?
If you don’t have the worst level of self hatred, then why would you want to hide the truth about Tinubu’s incompetence and corruption in government since 1999
May Day: Hunger, unemployment, insecurity real— Tinubu
According to him: “The theme demands our collective attention and serves as a stark reminder of the need to create an environment where every worker feels safe, valued, and empowered to contribute to the growth and prosperity of our nation. As your President, I assure you that this administration is committed to creating such an environment for the common good.”
On the economic hardship, he noted that while it is a global phenomenon, its effects on Nigerians are particularly severe.
Tinubu said: “I am aware of the peculiarities of the economic hardship Nigerians face—rising living costs, hunger, insecurity, unemployment, and the loss of livelihoods. These challenges are real and demand definitive solutions, which I am poised to address as your President.
Ezewuzie01: So Atiku that has been jumping around from one party to another since 2007 is for Nigeria's survival
Yes, it is for the survival of Nigeria and its prosperity built on deregulation and privatisation policies.
Did Obasanjo not lock him out of PDP in 2007, because he led other democratic heroes to kill the bill for 3rd term, despite Baba Iyabo’s Ghana must go bags of bribe to NASS members?
Aláìmore Obasanjo did it to the person who rejected 2003 northern pressure to make him a one term president like Tinubu made Jonathan 12 years later. This was the same Atiku who financially rehabilitated Obasanjo after Abdulsalami released him from Abacha’s prison bankrupt.
He was the worst rogue among the progreThief AD governors in 1999.
His political success has inspired other politicians to follow his wicked example in governance.
anonimi: Nigeria: Pensioners Urge Tinubu to Pay Arrears
26 March 2003 This Day (Lagos)
Lagos — Pension teachers in Lagos State under the aegis of Teacher Pensioners of Nigeria (TEPAN) have urged Governor Bola Ahmed Tinubu, to review his stance on paying the harmonised three year old outstanding pension allowance or risk losing their votes.
In a statement signed by the Public Relations Officer (PRO) of TEPAN, Mr. Ayodabo 'Lade, accused Tinubu of failing to pay the arrears to teachers on their correct pension grade since the year 2000, contrary to what was obtainable in other five States of the South-west controlled by the Alliance for Democracy (AD).
Judolisco: bros stop capping what's the difference between APC and ADC...
Is widespread prosperity not different from extreme poverty shege? Shege that was fraudulently packaged as positive change
Nemere2020: The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.
He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.
He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.
“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.
“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
Tonygeesm: no wonder oyibo they call us monkey 🐒 lol but we know those who are truly a slave monkey ( unity beggers and unity enforcers)
What of hypocrite leaders looters who say the opposite of what they do
bennybuhari: “’I cannot take anything back about Obi. I said Obi said he wants to move Nigeria back from consumption to production and I said that is not true. He cannot do it because his own business survives on consumption. Is that a lie? He has been an importer and I said he deals with cash and carry economics; container economics, imports”.
“All the goods that can be produced in Nigeria, Obi imports them in his supermarkets. That is consumption economics. That kind of person cannot tell you that he is moving you from consumption to production. He will then be committing self-economic suicide and Obi will not do that to himself”.
“So, Obi is deceiving everybody and I can’t take that back because that is true.
NLCreator: Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 elections, has defended the purchase of sports utility vehicles (SUVs) for members of the national assembly.
There have been reports that the leadership of the 10th national assembly has bought SUVs for all lawmakers.
Each SUV is said to be valued at N160 million.
The LP had asked members of the party in the national assembly to kick against “wastage”.
While responding to questions during a press conference in Abuja on Monday, the former governor of Anambra said the SUVs are not personal cars of the lawmakers, noting that they are for official use.
“Let me start with the issue of Labour Party members in the house. I have actually discussed this issue with them,” Obi said.
“Surprisingly, I can tell you I heard that these vehicles are official cars. They have to use it. It is meant for office.
“So it is not as if it is their vehicle. They said it is official cars and you are meant to use it while you are in the senate.”
Obi also hinted at contesting for the country’s number one position in 2027, adding that Nigeria deserves dedicated and visionary leaders who will lead the country towards a brighter future.
Journalist: how do you intend to engage members of your party who are members of the house, so that they can stand different.......?
PO: Let me start with the issue of labour party members in the house, have actually discussed this issue with them, surprisingly, I can tell you ,… pic.twitter.com/svybrcY4t3
— Senator Baruch Chinanu Boniface (@SenatorBaruch1) November 7, 2023
ejieddy: Funny enough, here in Aba, nothing concern us with your gas.
Actually the power has reduced from near 24hrs supply to like 18hrs supply in a day. But that's more light than people experience in two weeks
Is the better electricity situation in Aba due to Geometric power company?
The private company that was licensed by PDP prosperity policies of deregulation and privatisation. Just like Dangote refinery, the telecom sector as well as Virgin Atlantic license for Nigerian carrier.
Should we not all work for politicians to unite behind the brainbox of this prosperous era, when we had cheap petrol, low unemployment, high productivity and less debt burden as well as lower insecurity
anonimi: How Indorama sustains manufacturers, boosts Nigeria’s FX earnings
Indorama Eleme Petrochemicals Limited (IEPL) has emerged as a major value creator in the Nigerian economy. It is responsible for the survival, growth and sustenance of many manufacturing companies in Nigeria today. A large number of plastic and allied firms depend on the Eleme-based company for petrochemical resins (or polymer resins) which serve as their raw materials.
The petrochemical company is just one of the several subsidiaries of Indorama-Nigeria Group, which also comprises Indorama Eleme Fertilizer & Chemicals Limited (IEFCL), Indorama PET Nigeria Limited, and Indorama Port Operations.
Since Indorama Corporation of Indonesia became core investor in the old Eleme Petrochemicals Company Limited (EPCL) in 2006 through privatisation programme of the Federal Government, the group has become a game changer in the Nigerian economy.
The petrochemical company has solved the major challenge facing a number of manufacturers— poor access to raw materials. Rather than scramble for foreign exchange to import inputs, the company ensures that manufacturers have access to their critical raw materials, enabling them to save costs and improve margins.
The major resins used by plastic and allied companies are polyethylene and polypropylene. Indorama produces about 45 grades of these products for various industries. About 600 of such companies in Nigeria depend on IEPL for their survival. They are estimated to have over 90,000 workers.
Ofunaofu: Another interesting deflection, but let’s stay on the promise Tinubu himself made. He said Nigerians shouldn’t re-elect him if he fails to deliver stable electricity, that’s a personal benchmark, not a tribal debate.
Accountability doesn’t disappear just because the political climate is messy or because other politicians also failed. Two wrongs don’t switch the lights on.
As for 2027, whether it dents his chances or not is beside the point, the issue is that Nigerians deserve to judge Tinubu by the promises he made, not the ones you and other of his supporters wish he hadn’t.
What is the point of judging him by the promises he made, if not in relation to his reelection
Ofunaofu: Interesting attempt at rewriting history, but let’s stay focused.
Tinubu said Nigerians shouldn’t re-elect him if he fails to deliver stable electricity. That’s the benchmark he set for himself.
Deflecting to 2019 doesn’t switch the lights on in 2026.
We’re not discussing everyone since 1999, we’re discussing the man who asked to be judged by results
Does your man exist in a vacuum? Or does he exist in a country where accountability is relegated and tribalistic politics is elevated? Tribalistic politics of seeking accountability from others while simultaneously ignoring accountability from our own idols.
The key issue here is that your Tinubu electricity accountability won’t dent his 2027 chances.
Ofunaofu: We’re discussing the erratic power supply under Tinubu, but you chose to deflect with Peter Obi, a private citizen because he is clearly living rent-free in your medulla oblongata.
Tinubu himself said that if he doesn’t deliver stable electricity, Nigerians shouldn’t vote for him when he comes back seeking a second term.
We’re just holding him accountable to his own promise.
When Buhari and APC failed to deliver stable electricity in 2019, did we not reinforce their extreme poverty shege and even rewarded Tinubu with his Emilokan turn in 2023, because he packaged Buhari as APC change messiah four years after calling him expired
How much accountability for promises made, have you achieved since 1999 with your own local government councillors and chairmen, state lawmakers and governors, senators and representatives?
madridguy: This is really painful. The heat is so much and everything inside freezer don spoil.
I wish I can sue this people and get a good compensation for the sufferness they put me for over 3 weeks now.
Why are you believing this propaganda lie against Tinubu and All Promises Cancelled, APC?
Don’t you trust Buhari, Fashola, Tinubu, Pẹnkẹlẹmẹs and other leaders of A-looter Propaganda Congress, APC? They promised us electricity in six months if we replace PDP prosperity with their extreme poverty shege, and they have delivered it.
Politics › Re: Crashing Food Price Would Make Farmers Poor - Peter Obi by anonimi: 7:15pm On Feb 28
