₦airaland Forum

You stated my mind. The idiot still came abroad for medicals in August this year. I know that because i saw him live here. Why did he not stay back to use the teaching hospitals( mortuaries) in Nigeria?

Typical of Nigerian influentials, they are quick to tell the ignorant ones to make sacrifices so they will reap. I wont be surpised if there are dafts and moronic youths that are motivated by this drug induced hypocritical outburst

nedekid:
Are you minding that femi guy? He has dual citizenship, then comming to talk rubbish. Even the royalties from felas work is enough to give him soft life where ever he chooses to live.

The moment you wrote " the most funniest thing" I knew you were empty headed.

Name one country you have been to that is overrated

GeneralPula:
Anybody wey wan japa should go ahead..

But it’s stupid for you to make the money wey you wan take japa from Nigeria, only to still dey ridicule the same Nigeria wey you make money from…

The most funniest thing is these countries they’re going are just overrated. Forget all the lies you read online..

What is this one saying? Why are all the retarded people thebm oness supporting cluelessnes and stupidity. If you dont know

1. Tankers are still flying across the borders. Even your ministers confirmed it.Petroleum products are essential to life and an inelastic product. If you increase the price to N10,000 per liter today, it will still be smuggled so long as the border remains porous,product is essential, there is demand and their currency(CFA) has more value than your naira. So removing subsidy is punishing your own people, not the smugglers. Removing subsidy to ounish your people or tightening the borders, which is the most rationale way of preventing smuggling? Tell me and let me see whether you can think. Its just like saying US should remove subsidy from thier farmers and increase then prices of farm produce because Mexicans can smuggle farm produce through the border.

2. Devaluing your currency under the view of preventing capital flight is daft. Till today, currency flight is still happening. I am overseas and i see the volume at which people move their savings abroad to store in a currency of better value. In fact, more and more Fintechs are springing up everyday as more people look for means to move their funds abroad rather than allow it depreciate in Nigeria(your govt officials are doing this regularly,moving funds to their family members)

I can see you dont have the capacity to think deeper independently or you are just completely ignorant you believe all the lies put out by the government to cover your eyes. Your economy is dwindling and projected to become the 5th largest in Africa behind SA, Egypt Kenya and Ethiopia by 2025, from 1st postion. Which country do you think investors will want to come to?

By the time you all realise it, wait till you cant feed yourselves and youbare taxed more bybthe clueless government before your head becomes correct.

phemray:
Oga, you understand the issues being discussed and you said the policies should be reversed. Ok no problem since you know too well than the government in power and you can pay ₦800 per litre as Subsidy as well as encourage the usual capital flight in dollars by subsidising the currency, then you can contest the next election and do the reversals and any other you wished. But for me as a patriotic Nigerian, that have witnessed the hundreds of petroleum tankers moving across the borders btw 1am and 3am on daily basis during Subsidy which have since stopped, I will never support any reversals even as it affects me. The truth is that you have not proffer any solution or steps to get money to subsidise fuel apart from borrowing, yes we all complaining, but can complains solve the problems? It's not about Batist, it's the reality. Normally, doing different things must bring different results. To reduce the pains, the LG and state needed to be creative with programmes and used the money to develop people because even if Tinubu loses the next election, no government will subsidise fuel with ₦800 per litre

You can see you are the only one asking stupid questions.

Barzinime:
Oga what's your highest educational qualification since you and your family members went to Ivy Leagues?

To know how daft you are, you have assumed I am Igbo and in Nigeria. Lol. I am not Igbo and dont live in your shit hole.

It is typical of simpletons to make moronic assumptions out of sheer stupidity in a bid to assuage their daft ego.

You are too unintelligent for me to engage in a public discourse with.

Barzinime:
Answer my question Nonentity.
Better observe your sit at home in peace and think of how you want to eat this weekend.....as you no open shop sell memory card and usb cord

Daft

Barzinime:
Oga what's your highest educational qualification since you and your family members went to Ivy Leagues?

This is the danger of half education. You will end up spinning rubbish thinking you are making sense publicly.

Firstly, what he is saying is that is that telcos are running at losses already, and another 5% levy increase the cost of services, making it more expensive to consumers thereby reducing their turnover further, and with huge fixed and other operation costs that are involved, their losses will increase further driving them more into debt and closer to insolvency.

If they are allowed to increase tarriff, they can recover losses and might have enough to cushion the effect of the taxes if and when government want to put an additional tax on them. You cant be controlling my revenue and then be adding more taxes to my products(with knock on effect on my revenue) while i am running at a loss already. Free me and let me have competitive prices if you must tax my products more.

MTN and Airtel have sustained losses for more than a year now, if it continues, they will erode their shareholders funds and next thing is insolvency. Before it gets to that the owners might decide to pull out of Nigeria with its attendant effect on GDP thay is already shrinking. That is all Karl was saying.

By the way, Excise duties are mostly used to discourage consumption as they are in-country taxes with a direct effect on cost of products and services. They are usually placed on alcohol, tobacco,cigarrette and other local production that the government considers harmful and want to limit.

And contrary to what you stated below,telecom services are not inelastic to price changes. They are competitive products that react to movements in prices. That has been proven again and again in the UK, France and other markets in Europe especially. In fact it is so price competitive that bigger ones swallow the small telcos for fun using aggressive pricing.(you can read it up)

It is this same half education that made people think the naira was floated even when IMF and outside world called it devaluation.

No wonder the current administration js able to get away with so much ineptitude, because they know the half educated "literates" will buy any hogwash they put out their without blinking.

COMPAQ:
.

Honestly I agree that the 5% cannot break telecom operators. That said they should be able to increase the tarrif. Telecoms is an almost inelastic product, so it won't make much difference to peoples consumption , considering how important data is to daily life now.

This is where you know the giant of Africa. South Africa. I understand Kenya omis going to be admitted aoon but Nigeria will not be admitted.

How do you even comment when you dont have
an understanding of what is being discussed.

Local government or state governments dont have control over the fiscal and monetary policies of a country ...inflation and economic woes are direct results of poor choices of the central government. And we are talking about inflation here.....so how does a local government come into it??

phemray:
Just imagine! How can a country be successful with people born only with insult reasoning rather than being productive. Has Nigeria passed through 1/3 of what other countries experienced before they were ok? Have you asked your LG chairman how he spent the allocations? Purchasing power indeed.

Fire brigadge approach. It wont work.

Tinubu has lost the economy

How is what he has written indicated any bias against local food?

banku:
Honestly, I do not understand how people, so bias against their own local food, can ever progress. But they glorify foreign food that do not grow so well in Africa.

White bread has been abandoned in foreign countries countries in favor of grains closer to the land but Africans still prefer over processed flour or die of hunger.

If MTN and other social companies make their products popular, fine. If you do not tax those products that Africans, especially Nigerian would rather stave to get, what are you going to tax??

Do you know how to read between the lines.

Naira was not floated, IMF had debunked the floating nonsense since March 2024 hence the have redused ti advanxe Nigeria loans. All international financial critics have stated that naira was devalued intentionally by the government, senior business leaders also know this hence he deliberately used the word "devaluation"

Only semi-literates still continue to swallow the "floating" fallacy.

Lavor234:
MTN and airtel have been declaring losses for several quarters due to the badly thought our floating of the naira
A lot of sectors need telecos
Banking, fintech, electricity, even schools and entertainment

Telecom is a critical sector. It's death will lead to the death of a lot of industries.
Agriculture, aviation, oil are dying sectors. Telecos are on their way out as well.

The government will kill the golden goose because of taxation

.....and they are the majority in Nigeria

RodgersAkpafu:
This is what a complete mugu will say

Spot on.
I lost hope on 2027 when you see the people being systematically impoverished by the political class defending their oppressors with their blood and cursing anyone who dared point out to them that these same politicians have set their children up abroad for soft life but they tell the stupid ones to endure while they loot their commonwealth.

I am now completely focused on my family and myself. Id Nigeria like,make e die.

nedekid:
Yet people still support them. Abi did they not win Edo elections? Come 2027 you will still see people supporting them even in this forum.
If this is not juju, what then is it?

I like that he called it "naira devaluation" and not "floating" as some gullible buffoons have been made to accept.

IMF had also called ot out as "systemic devaluation" while the government is pulling the wool over the eyes of the undiscerning.

This government is completely clueless, it will finally destroy Nigeria.

Dumbest thinking i have ever read.

Suggeting that the government is happy the purchasing power of its citizens is diminishing?

Nigeria truly deserve these corrupt leaders if this is the way the citizens think is what is posted below. Other countries are working hard to improve purchasing powers of their citizens through subsidy, reliefs, gogernment programmes and other redistribution of wealth strategies, this buffon is happy that inflation is hitting Nigerians hard. Oponu!

phemray:
Lolz, they didn't need to go to any market in Nigeria because the market people know that they too hike the prices of food beyond imagination due to the policies being implemented. I love the gbas gbos being given to us by jagaban to reset our over entitlement mentality. Oya let anyone go buy 3 cars with a salary of 300k monthly and be forming big boy in the community. Lolzz

Lol....he dare not...you can talk about your own family simce you are all secondary school drop outs.

You think we went to your Nigerian schools where people graduate by sleeping with lecturers or bribing their way through achool even without coming for classes in a whole year?

Barzinime:
He is more educated than your family members.

Slave

ShedrachU:
are you okay?

Lol....i cant stop laughing. You mean low IQ?

Who will want to come close to a low IQ to start with?

These mofos equate someone soeaking gibberish to high IQ

Speaking of low IQ, how you transferred the discussion about Shitima to tribe smack of someone with dense intelligence though. And i am not Igbo.

stuffs2002:
LOL.. How ignorant can you be.
I can tell you for free that only very few IIGB0S will come close to Shetima's IQ

Lol......" a democracy/people beget the type of leadership it deserves" .

Nigeria deserves stupid people leading them, truly. Kudt read what this one posted.

Do you care to let us know your definition kf "smartest" and "knowledgeable" and what makes shitima one of the the best VPs yiu have ever had?

When you are able to articulate any thing logical and reasonable, i could then review my assumption that you are one of the paid onmine rats.

iLoveYouToo:
Read about the VP, he’s one of the smartest and most knowledgeable VPs Nigeria has ever had.

His intellect has never been challenged, you’re an island rn and this speaks to your ignorance

Lol...he just went for tourism and extacodes. I doubt he understood all they were saying there.

Let them go to wuse market or any market in Nigeria and read those out to them

Naira about to depreciate further

Incompetence and cluelessness combined. Nobody cares who they remove or bring on. They will provide same daft result.

Lol....paid job to deflect the damage Tinubu is doing to the economy. This is how theybwill continue for 8 years and then come back to blame Tinubu after when someone else comes on.

Tinubu is completely clueless. Buhari is a saint where Tinubu is.

I wonder o

It is only a useless couhtry that the Force PPRO will be this olodo and still retain his position.

Kukutente23:
See ibon all over police PRO'S comments

Sey dis one na stray bullet or accidental discharge

Lol....i wrote this some months ago on nairaland.

The governmrnt is confused. After messing up the economy with visionless reforms they had two options to sustain their expansionary budget. Borrow or Tax more.

It has nearly exhausted all tbe borrowing options, next is to tax more. Expect a deluge of taxes in coming months.

Nairaland is now completely useless. Why does anything about Omokri make front page?

It has been confirmed again and again, Naira was devalued and not floated.

Kobojunkie:
Let me ask you this. How does the government go about Un-floating the naira?

Here's another question, why do you believe the idea that your government floated the Naira to give the IMF back its money? Is Nigeria not supposed to rightly pay back debts or something?

Told people this more than a year back(around August 2023), then bag of rice was just about 48k.
It is now double and it is getting worse. They dont know the damage he has done ti the econonmy yet.

Get out now if and when you can

advanceDNA:
Unless the Federal government unfloats the currency ..rice will become 200k before the ens of 2025......

Even great China doesn't run a free floating currency.....even the United states subsidizes petrol..........but Nigeria that runs a heavily import-reliant economy thought it will be okay to float it's naira...
.....all for what?? To return IMFs money so that they can have more allowance to borrow for the rulling class to live in luxury....
. In summary...the masses are paying heavily for excesses of the government... If u can get out of Nigeria......get the fvck out because it will only get worse

Read what you posted again. Then come back and tell us you were under the influence of something when you posted

casualobserver:
Says the man who (metaphorically) was asked to stay in a house he had no hope in hell of ever living in or owning in his life for free, enjoy all the facilities while the owner was away and responded by trying to change the cofo into his name.

We are talking about a man under whose watch multiple illegal acts and violations of the law took place but never had the “integrity” to resign!

Abi he forgot the law he “professes” when his government was printing trillions in ways and means without parliamentary approval for a start?

Now the public buffon had got some data suddenly. Who dashed this mugu free data? Lol!!

Yinkusgold:
It won't ad up because you didn't inherit good reasoning from your parents, your parents lack it and you lack good deductive capacity.
Omugo, dindinrin, I can't help you, your situation is beyond redemption.
A very emphasized idiot.