Incrediblekutty:





The truth is, many people especially those in the opposition are waiting for the government to fail for self gratifying. It's obvious the government are working on the security, not that they are not doing anything about this menace, it's only necessary to pay attention to to other areas, in this case cracking down on people hoarding food. In as much as I understand and agree that government should be criticized and be responsible for whatever ineffective policy, I believe we should be logical while doing that. I don't know if you get my point sir

My oga sir,

Whatever strategy being deployed to fight insecurity is definitely not working.

Almost one year after the administration got into power, the insecurity has worsened.

Let's put aside opposition for now and tell the truth because these same people in power were also in opposition and we know the words they spoke back then.

There are people benefiting from the insecurity.
Those are the people to go after. They can't because they are influential people.

iLegendd:
Sleep and collect royalties from intellectual properties at the end of the month, then invest in stocks and crypto, then finally withdraw some crypto profit and invest offline. That is as far as I can explain.

Royalties....inflow for life

Suicideboy:
I use bike dynamo and bio gas digester

This is a new combo

Lanre1st:


They are the problem, is it the farmer that will grow cement for you, or cooking Gas. These people are creating artificial scarcity in order to increase prices

Let me explain something to you:

These people with these warehouses have been in business for a long time, doing this storage business.

The scarcity of food isn't caused by the warehouses.
It's caused by lack of enough farmers on the farm due to insecurity.

What you call artificial scarcity is people doing their normal storage business. It's the scarcity of food that's driving the cost upwards not the warehouse owners.

That storage business in itself is risky especially when farmers are in full operation. Their stored produce may not yield much profit.

004gist:


If government continues like this then in few month's to come prices will triple the more.
There are wholesalers who supplies retailers from the their warehouses.
They stocked this warehouse in millions and sell to market women little by little.
Attacking this people is like attacking the supply chain. Nigerians will pay for this in few months to come from now

Apt.
It doesn't even make sense but many people not having an understanding of how things work are quick to support the government which is just a very short term benefit.

When we all should hold government accountable and make them get to work.

Incrediblekutty:
Just like Peterside, you can see many evil people still condemning this move. What exactly do you suggest the government do?? Na wa O

The only solution is to fight insecurity.

Imagine using force to 'loot' a storage business of their produce because there's scarcity caused by government failure in security.

It doesn't make sense

Lanre1st:
Which investors are you talking about, they are hoarding to make life unbearable for masses.

Bust their warehouse, sell for people at low price. Awon were

You really don't know what's happening.

Those people who government claim are 'hoarding' are business people into storage business.

They are not the problem.
The problem is politicians leaders that have refused to work on the insecurity problem making farmers run from the farms. That's the true problem.

Omenlon:
traders should Play according to the rules.

There are no rules. They are genuine business folks who are affected.

You are accepting government propaganda

matify83:
It won't scare away genuine investors but those out to fleece Nigerians by hiking prices of everyday goods despite price tags clearly showing a lesser price.

Do you know that in the value chain, there are some into storage business?

If I am operating a storage business, so I should open the warehouse for government to dictate and sell at whatever cost they like....

All those 'hoarding' dem dey shout up and down are investors in the storage business. It's not a new business in the value chain. Why the witch hunt?

At the meeting with Nigerian Governors yesterday, President Tinubu has highlighted solutions meant to alleviate the pressure on the Economy.

The question is:
Does the government have intention to follow through their plan?

Below is the highlight from the meeting obtained from the official handle of the President;

Dear Nigerians,

My administration is dedicated to evolving home-grown solutions to tackle our nation's food security challenges head-on including setting up schemes to bolster local food production and cut out all forms of rent-seeking tied to food importation.

I reiterated this commitment during my emergency meeting today at the State House, with all 36 state governors, the Vice-President, Kashim Shettima, the National Security Adviser, the Inspector-General of Police, the Director-General of the DSS, and some ministers.

ON THE SECURITY OF LIVES AND PROPERTY

1. I have approved the creation of a committee that includes state governors and federal government representatives to explore, among other things, the possibility of establishing state police.

2. I have also endorsed the training and equipping of forest rangers by sub-national governments to protect human and natural resources in our communities.

My stance is unequivocal: we must move aggressively to examine the issues raised, including the potential for establishing state police.

ON FOOD SECURITY

Following reports out of Kano and other areas about large-scale hoarding of food in some warehouses, I have instructed the National Security Adviser, the Inspector-General of Police, and the Director-General of the Department of State Services to coordinate closely to ensure that security agencies in the states inspect such warehouses and take follow-up action.

1. We cannot allow speculators, hoarders, and rent seekers to undermine our efforts in ensuring that food is widely available to all Nigerians.

2. I will not establish a price control board, nor will I approve the importation of food. We must extricate ourselves from this predicament because importation only enables rent seekers to perpetrate fraud and mismanagement at our collective expense.

3. Instead, we will support our farmers with schemes that encourage them to cultivate more food for the nation.

4. We must also rapidly but thoughtfully implement our livestock development and management plans, including dairy farming and others.

ON MONETARY POLICY AND THE CBN

I urge all governors to trust the Central Bank of Nigeria with the management of our country’s monetary policy, and emphasized the need for designated institutions to effectively fulfill their mandate.

The "cacophony of postulations" on the fluctuation of foreign exchange rates is adversely affecting the market. Not everyone can be an expert. If we have assigned someone a task, we must allow them to perform it. If they fail, then we must find a way to quickly remove them from the system.

I also ask our governors to always prioritize the welfare and prosperity of our people in their development programs, and I asssure them that the federal government will continue to work diligently to improve the nation’s revenue profile.

As leaders, we must all work together to address issues of insecurity, food security, and out-of-school children.

Thank You

Bola Ahmed Tinubu
President

grandstar:


For the Naira to stop falling, the CBN should increase interest rates above that of inflation. That is global best practice.

Increase interest rates above that of inflation...never heard that before

yemmit90:


Who do you expect to implement those key points you highlighted above?

The problem has gone beyond what you think. What is coming , is actually greater than what we are seeing now.

The only solution left to fix Nigeria as fast as possible is regionalism or eradicate states and give local governments full autonomy to deal with people directly within their jurisdictions.

The thing about Nigerians is we don't unite.
If we did, we would have set up a system of accountability....like every quarter you will give us report and then we ask questions.

Any unsatisfactory part, we will probe and if you can't give an explanation, we ask you to step down but it's not feasible with the tribalism and religious sentiments.

Regionalism is good.
Autonomy for local government is good but in all honesty, this administration will never do anything to reduce FG Power through resource control, regional government or local government autonomy.

North majorly will say no to restructuring.

It means no more free money and everyone will have to sort themselves out with what they make within their territory. That's tough to implement on a short term.

mrvitalis:

Lmao Google tinubu economic plan

Then come back

Come back and do what bro?

There's no plan Baba.

What are the specifics of the plan you are referring to....what's to be done in the first quarter and the metrics for measuring the success?

And you dey talk say plan dey....why you dey behave like this nau.

If it sure for the government, make dem write detailed plan let's hold them accountable.

mrvitalis:

Lol what you said is equivalent to saying

.....The best way to stops being homeless is to just buy a house ....

Roll out a plan? What plan?

That's how you choose to see it.

Have you seen an economy recovery plan from this government detailing short term initiatives like: reversing the current custom duties, doing massive manhunt for those killing farmers, arrest and prosecuting anyone who steals government funding, becoming accountable to the people by telling us how much the FG shares to state per month for accountability, setting up strategic PPP to kickstart some quality projects....

To Long Term- Revamping our power sector by attracting investors, improving our cash crop production, agro processing plants, encouraging local production in poultry, textile, iron and steel amongst others, leveraging on local refineries to provide gas powered plants for power....


It's not my job to come up with a plan for the government.

They are the one with the figures and facts.

If they can't come up with a plan, they won't do anything

It all starts with a plan

mrvitalis:

U said nothing zero

Ok. Make your own solution thread and tag me.

Going by the current economic realities in Nigeria, it has become important for the APC led administration to step up to keep the country together.

Here are some strategies to deploy:

1. Roll out a plan
Tinubu administration needs to roll out a detailed solution highlighting how they intend to improve local production in agriculture and manufacturing.

The plan must feature long term and short term solution and must be in the public space for accountability.

2. Give manufacturers soft landing....The government needs to relax on multiple taxes being issued to manufacturers considering the rising cost of production materials, power and product distribution.

Also, duties of importing materials must be slashed.

3. Reduce Government Expenditure- The cost of running governance in Nigeria is too expensive!

If government can implement a 40% cut starting out from June this year, it will give them opportunity to use the monies saved for other developmental projects

Change begins with government before it moves to the people.


4. Fight insecurity-one of the major cause of food shortage is insecurity. It has made it impossible for local farmers to go to farm for fear of being killed.

If the government really wants food sufficiency, guarantee the lives of the local farmers.

5. Allow more private individuals into power-To reduce the current challenges, Nigeria must allow the power industry thrive by choking the corruption within the industry.

Issues within the generation, transmission and distribution networks must be looked into and taken care of.

If different power investors come in knowing their investments won't be put into jeopardy, within 6-12 months, we can witness key infrastructural investment and begin to see some benefits within a few months.

Worth 10m dollars as how?

That's overstretched.

If you say 500-700k USD, it's still believable.

Goodlady:

She has landed and is devouring them. Some were removed but she went there with almost all items. Especially blades for shaving pubic areas cos she told me a pack of blade was $20. And the blade na nacet wey no strong reach tiger. $20 is over N22K in Nigeria.
Most of the food items too, she's enjoying them. Thanks sister.

Which courier service did you use?

biafranrealson:
Na him juju crashed the plane to enable him take over access bank .
Yoruba and juju

You are not smart.
They said someone is an Aide and you think he's positioned to take over a bank....

Do you know how many folks are highly positioned in Access Bank to take over....

bjdon:
Big Fat No!!

The North have NEVER joined any riot against a northern leader (1989 SAP riot, 1993/94 June 12 riots, 2021 End Sars). The North only know how to riot when it's against a southern president.

I don't like Tinubu, I will NEVER support him, but I also will NEVER join any march against him, even though he and his SW people betrayed the SS.

How can you say a whole political region betrayed?

Are you saying the entire region voted him?

FarmPlanetNG:




Another brainless one. What have i been saying all along ? Isnt it that not the entire country is under issues with herdsmen and as such these concerns shouldnt be an excuse ?

You are not even coherent in your expression and you are tagging someone brainless. You too go back and read what you typed....Oga you need help

FarmPlanetNG:



Not true. I have been in the forest hinterlands for over four years nonstop. The media is using fulani as an excuse for the people.

You are not in the affected area. So, your reality is different...

Go to Bali, Takum in Taraba
Agatu and some other interior villages in Benue
Try enter Southern Kaduna.
Or even Mangu, Bokkos in Plateau....

You are not in tune with the true state of things.

Earthstorms:


The same question I asked the Eko electricity distribution thieves and they could not answer me. Even when I sent email to their customer service to address the issue, they dodged the issue.

Dem no fit get explanation. Na daylight robbery.
If you can mail NERC sha but I doubt they are that strong to make EKDC cancel such useless bills.

Earthstorms:


Eko electricity distribution company should be on the sanctioned list.

Those guys give up to 500,000 naira estimated bill to one apartment in a month in Lekki. They refuse to supply prepaid meter and then send exorbitant estimated bills. Telling them that estimated billing is supposed to be capped is like talking to a deaf.

Criminally minded idiots.

Lol 500k....na industrial machine Una dey use for house ni....when no be production plant Una dey run

omsglobal:
say you non say we, me and my family don dey on solar since 3years ago.... So non count we join una predicament

Una solar dey carry freezer, washing machine and pumping machine?

Ambassadors issue no reach current Economic issue oh but honestly, the government is confused. They need serious help

Softhands:
Quote the resources of these countries and quote the resources of Nigeria.... Most of you APC supporters are quite delusional.... You are quick to compare poverty levels across Africa but fail to compare wealth and resources... You are just a merchant of Poverty.

Lol Merchant of poverty...maybe the guy na troll sef...cos no right thinking person would type that stuff

Nvestor02:
This so called people are misinformed and they are blind to the what president Tinubu is doing. If you all can check all the news media.

There is overwhelming news of how the Police, Amotekun and Soldiers are arresting the bandits and kidnappers one after the other.

Eradicating insecurity is the first step of Nigeria greatness and Tinubu is not joking with it at all.

With security, Farmers will be able to go to farm and food will become cheaper.

The fact here is that most Nigerians Citizen has been pampered and spoilt by how Government dey pay subsidy for them.

Coast of living in Nigeria is one of the lowest, if you guys tour around the African continent you will know this.

Small bottle of coke is 200 in Nigeria but in Ghana its N720

And in south Africa it's N940, same as Zambia and Zimbabwe.

In liberia Bag of rice is around N170, 000.

You are talking based on sentiments and bias.

Given the amount of population and resources in Nigeria, should the economy even be on this level?

You why don't you go to farm in the interior and risk your life there saying Amotekun and soldiers are in charge.

You are not being real

AntiChristian:


Are they not included in the law now?

Many key political figures in Nigeria operate above the law. The institutions are too weak. Too much government influence and lack independence.

It is what it is.

Coldspice:


Unfortunately, it won't flop. The idea is to remove the attractiveness of IMTOs.
With a unified rate, why should I use P2P to pay me Naira when banks can pay me the same rate with the click of a button.

Will this stop the free fall?

You are aware the demand for dollars will never stop given the amount used in import, foreign education real....

These kinds of policies is what cuts off the people's trust in government and drive panic exit....some people who never considered japa before will do so now seeing they cannot trust the government.

What's the plan to increase local production?
Combat insecurity
Fight the corruption within the FX...
Why don't they go after politicians that are majorly involved in mopping up a lot of dollars and hoarding?

All these wuru wuru tactics is just to avoid going into combat with their politician friends and fighting corruption

femicyrus:

What do you want to buy in dollars in Nigeria?
Yam, agbado or cassava?
Or you want to sell the dollar at a higher rate to BDC while the naira suffers

Why must you convert all my money to naira at once knowing the naira is on a free fall and my 10k USD could become 8500 in 12 hours....It's because you are not affected.

What's now the purpose of dorm account?

Why must you control what I do with my money?

Nobody will send in any big money again unless they need to use it urgently.

AntiChristian:


So what do you suggest they do?
Are we not the enemy of ourselves?

The solution would involve going head to head with their politicians friends. They will never do that.
Fighting corruption effectively is a big risk for those in power. They can't because of the big toes that will be cut off.