₦airaland Forum

aribisala0:
sir rather than dogmatic assertions and pronouncements can you provide some data/analysis that we can discuss.
e.g do you have any data on exactly or roughly how many dollars enters nigeria as a result of oil sales. just a figure and reference would do??

you say the GDP figures are to make us happy can you provide an alternative perspective/analysis

there are estimates that $10 billion dollars enters nigeria from foreign remittance i.e so called diaspora

http://234next.com/csp/cms/sites/Next/Home/5641033-146/nigeria_gets_n1.5tr_in_remittances_.csp

how does this compare with oil.
is it really true that we export nothing other than oil

we export a lot of manpower who are paying returns in cash remittances and also in kind(imports)

jmaine:
I now see why they made the loudest noise even to the point of prescribing shooting someone at the head (Pataki) for not supporting their man  . . . because " MONEY WAS AT STAKE . . .They lost a bet 

proudly9ja:
At first I tried to rationalize it that way too but 44,808050 annually on newspapers? That's 18,670 newspapers a month (at the rate of 200naira per newspaper), about 622 newspapers a day? Wow, Who be the vendor wey dey supply dem? The guy go don build house for Ministers Hill for Abuja

PointB:
@beaf
It is indeed very painful; the futures are shocked to their marrows as there is no carcass to feed upon. How painful it is that their champion said those lofty things about GEJ under no pressure whatsoever, only to start singing another tune, when he found himself in the losers' corner.

Anyway, I have nothing against him, let him clear himself in the court of law - Hell Rufai!

PointB:
Stories willl he continue to tell, and straws will he continue to clucth like the proverbial drowning man. El Rufia is a disgrace!

islamrules:
Nigerian police are liars. These guys are not kidnappers, they are into something greater.

Nawa for Nigerians!

talknafree:
Here comes the lu-natic again

Yeah Right! Jailed in his Multi Billion dollar country home in Ogun state right? and being chauffeur driven in the only Bugatti Veyron ride in Nigeria right?

Na cra-se and hypocrisy go kill you this Bas-tard.

nasty45:
Sb shd give me a military pen knife so i can cut off d thumb of an half educated man'BEAF' BRO CUD U JST SHUT D.F.UP.THANK U

Tinubu’s supporters believe their hero would come out of his trial without blemish. Their confidence is premised on history. In January 2009, EFCC cleared  Tinubu and governors James Ibori of Delta State and Obong Victor Attah of Akwa Ibom State of charges of conspiracy, money laundering, abuse of office and official corruption in relation to a sale of V-mobile network shares in 2004. In September 2009, however there were reports that the British Metropolitan Police were investigating a transaction in which the Lagos State government made an investment in Econet (now Zain). Tinubu said the transaction was straightforward and profitable to the state, with no intermediaries involved. The federal government rejected a request by Britain to release evidence needed for further investigation and prosecution of the three Nigerian ex-governors in a London court. In his first term as governor, Tinubu was accused of certificate forgery but the state House of Assembly under Olorunnimbe Mamora who later became a senator gave him clean bill. All efforts made by the late Lagos-fiery lawyer, Gani Fawehinmi to jail him for forgery became waste.

Relax101:
Wo, mase sege si e lara.
Ewon loma lo se keresimesi, lol.

Eko Ile:
What are these clowns subsidizing? Unavailable electricity? Shouldn't they at least produce the electricity first, then worry about subsidizing if need be what they have?

We'll, we all know this is money set aside for looting,

Useless people,

edicolove:
I carefully read every post on this thread and was hoping to find something intelligent but was not surprised by all the ignorant comments born of sentiments. Fuel subsidy is an anomaly that should never have been in the first place. It only enriches the fuel importers and improvishes the populace. The military started it as a convenient decoy for not fixing the oil sector and the refineries. In the long run, it doesnt benefit the so called masses. It has to go and will definitely go one day. How can a country that produces crude be paying N77 for every litre as subsidy? Absolute bunkers! That money is money for major major major infrastructural development.

What I was expecting people to comment on are the pillars that must be in place before subsidy can be removed, not that subsidy must not be removed.

1. There must be regular power supply. A major part of the fuel consumption in Naija is for generators for power. If power improves to an acceptable level, then a milestone would have been reached.
2. The refineries must be fixed and their capacity increased. This can then allow for competitive pricing. The N142 someone posted will only happen if we import the fuel. If our local refineries produce it, it wont be up to that amount.
3. Government must invest heavily in agriculture and other minerals. If agricultural development improves, the rise in food produce will counter the rise in food prices that would have occurred due to increase in transportation that might happen when subsidy is removed. For example, if price for a tuber of yam increases because of removal of subsidy, the price can be reduced by the increased production of yam.

These and some others points I might not have mentioned are the issues that must be raised and the things that must be in place before subsidy is removed. People keep talking about minimum wage and it makes me laugh. Reason? Simple. How many people in Naija really work for the government and collect the so called minimum wage? A very small percentage of Nigerians work for the government. Lagos state which has one of the biggest work force, doesnt even have up to 100, 000 workers. Even if you assume that as the average and multiply by 36 and add federal parastatals. you still wouldnt even get up to 5million people working for the government. So forget the minimum wage talk. What we need are standard government policies and accountability, not subsidy and government handouts. When are we going to stop this government handout mentality. This is the reason politicians can manipulate the system because most of you are still looking up to the government to collect stipends. We need infrastructure so we can generate our own income not government payouts.