₦airaland Forum

...aja digbolugi yi nkor? Abi o ti ta tery nipa nii?

Omoale ni e to ba dake.

madone:
Oniranu My insults is making you change your life style already dont worry i am takin you somewhere you go dey waka for road dey think of wetin to do
eeeediot want to form mature whats my concern if you are moved or not. See him reciting the words i told him the animal go don go mirror to view his licking foaming mouth covered with spit.

You make money online for where i know your type see son this your 5year old defence mechanism will never work you go still dey collect. We know people wey dey make money online and we know fools seeking validation. This mud is getting messy

animal online money maker why did you remove the picture of your whatsapp tracking business shame done dey catch you abi

confused bastard ti Aye e ma roboskeshi

retard chronic liar,Ewure
Osunmo didinrin, Osunmo ode.

Swegbe your brain is so slow and empty u dont know how to coordinate it and behave yoursef in public you go everywhere fighting and insulting people

A fool like you Arinka n j’abata
Who can not make any substantial sense but switches to insulting people in every thread he enters

Apoda see sliva linking from his mouth
Me wey i just dey start. I will soon start following you to every thread every post u make on NL you will then understand why my moniker is mad one

You done buy market ooo and you will find it hard to sell. Onisokuso your licking septic tank mouth should get ready cos i am getting bored with this your repeating words method.
you wey no fit even engage in meaningful discourse with a depiction of civility but keep disgracing yourself with insults and lies. Like a low life bastard you that you are

Frustrated property seller i guess you ar out there looking for one of your old television to sell for 20k so u can survive with data to post more lies online and track your lost girlfriend Oni jibiti 419 like you criminal 😉 😜

..LOL!!

What is the difference in a policy statement and a manifesto In fact, people take the policy statements more seriously than mere programmes shared on the pages of paper. It's the reason that in advanced countries the news focus on statements made at rallies and campaign tours much more seriously. common man, think!!!!!

Sell NNPC and other assets to fund a stimulus ??

No point in engaging you further abeg.

Ojuntana:
1. I'm not sure you read the manifestos of the three candidates. I did. Tinubu never mentioned exchange rate of N300 to a dollar in his manifesto. He mentioned that in a speech not in the manifesto.

2. If you read Atiku's manifesto like I did, you will know he proposed selling of some assets and shares in NNPC to raise the money and he clearly detailed how the money was to be spent, majorly on SMEs which i saw as a very brilliant idea if implemented. Our SMEs getting a $10bn lifeline will catapult the economy immeasurably. One guy here mrvitalis has been advocating that for ages.

3. Again, don't just criticize. At least be informed. Atiku's manifesto was actually written by scholars drawn from world class learning and research institutions and it was really rich in my opinion. Take your time to source for it and read it. N2trn is too small. But if properly managed, i believe it can yield some benefit

Did you say floating?

Now I know why these politicians get away with fooling the people easily when Niherians still think Naira is floated. It's a shame really. A floated currency is the one traded openly and no restrictions and all suppliers have equal foot in the market.

...even when the Minister if Finande made a Freudian slip that the currency needed to be devalued to attract more foreing investment?

...our people are blind forever.

timota:
Subsidy is not gone,floating of naira brought back subsidy cos fuel is sold in dollars,govt is secretly paying subsidy and is higher than what they were paying before removal of subsidy

...shallow

Ojuntana:
Well, I read your post and you think the govt is just throwing money at areas that will not yield much benefit to the economy. That's what I summarize from your post. I now ask if those areas highlighted will not yield benefit for the economy.

Secondly, I believe this committee's job is to decide how best to administer the stimulus package. So i think you should just try and remove bias and be objective. Like I said, it's not perfect but with sincerity, the plan can do a lot of good for the economy. My advise to you is if you know any small business owner, they should try and get registered with CAC so they can have the chance of benefitting from whatever is going to be done with the money. Don't just be skeptical with everything.

Whontokd you Obi is eloquent?
You must have a different definition of eloquence....


...and I am no supporter of anyone of them(Atiku,Tinubu and Obi). They are all thieves.

SmartPolician:
Becoming the PM of a country where you have to appear before the parliament and defend every Gotham policy is not a child's play. You must be very eloquent like Peter Obi to succeed.

If Nigeria had this kind of government, the likes of Tinubu cannot even come close to Aso Rock....unless APC members in the house will be cheering him up even when he spills nonsense like that town hall different line.

Mr PM, you have given your bit to your country and have written your name in the history books. Take a bow in appreciation and high esteem.

...."conversion" you meant?

Seun362:
Yes but what's the cost of conversation?
I had a chat with a stakeholder in the industry and he told me it will cost us #1.3m to convert a Toyota Corolla 2006 model.
I asked why so expensive, he said cost of importing the cylinder and other kits is high and Government is even collecting import duties on them.

Why should the government be geting duties on item used for conversation why trying to encourage people to switch over to CNG?

Read my post again, answers are there.

No one is also asking how these funds will be administered. The basic question. People just applaud the nonsense these people throw at them eithiut being critical.

Ojuntana:
Which of these sectors are unproductive? I need you to educate me pls

None of them had any good idea. They were just lucky that Nigeria's elections are not usually won on debated ideas or scrutiny of your programmes alone but on religious and ethnic sentiments.

Just like Tinubu stated in his manifesto that he would put in ideas that woukd reduce the exchange rate to N300 to a Dollar, people just swallowed that without somebody asking him how he will do it? If that question had been asked and he mentioned devaluation, he would have been found out immediately that his ideas were just paper ideas ot at best, a wishful thinking.

Did you bother to find out the details of how Atiku will raise the $10bn? By printing more money? Borrowing? Or taxing people more? He just mentioned something and you swallowed it hook line and sinker. No wonder criminals and senile and inept people keep finding their way to power with gullible and shallow minded citizenry like this.

Ojuntana:
2trillion naira at today's rate is a paltry sum less than $2bn. Atiku proposed to inject $10bn in his manifesto. Tinubu wants to borrow that idea but the best he can come up with is $2bn?
I said it before elections that regional sentiments aside, Atiku has the best ideas of the three front-runners

What a daft response.
The question is, should pension or salaries be owed at all. Answer is a big NO. In the midst of wasteful spending, bloated cost of governance, brazen corruption, glatin misappropriation of funds, etc..salaries or pension shoukd not be owed. They are first draws from any government's revenue and ifbthey can't pay the better alternative is to reduce the workforce, simple. In a case where you applaud abgovernore for doing what should have been done is akin to celebrating mediocrity/ckuelessness. Not with the revenue Lagos state government makes. Ask him if the pension of former political officers are owed and you won't hear anything from Lagos state government. But you are here jubilating over payment of old and long-delayed pension to the common people.

To underscore your stupidity and point out your shallow depths of reasoning, I am not even Igbo, not every person wallows in ignominy to celebrate mediocrity and backwardness in the namr of an achievement. No wonder criminals find their ways to power when the people are this daft. A country truly begets the leader it deseves.

ObiPandora:
I hope you read where your Igbo governor Alex Otti can't even pay worker's minimum wage talk more of pensioners.

I can bet Abia n Anambra are owing over 10 years pension as at July 5. That should be the achievement you should be celebrating.

Not sure you understood the implications well. This and the palliatives will give you same result. Borrow and throw the money at unproductive sectors= worsening the current situation.

By the way, Buhari, in refusing to devalue the currency under pressure has been a better manager of the economy than "what" is there now.

Ojuntana:
I totally disagree. At least it's a plan. And it's better than doing nothing than sharing palliatives as if we were at war or in an IDP like we had in his first year. The plan does not have to be perfect but if there's sincerity, it can be improved upon. No idea us perfect but the important thing is to have the right tools to calibrate the idea and make changes as the plan goes on.
The economy needs a stimulus program no doubt about that. Buhari's mistake was handing that responsibility over to the CBN instead of his MoF and his VP who had shown interest in championing such. At least Tinubu has not made that mistake so it's a good start. I agree the package is too small and needs to be targeted. But we can't just throw the baby away with the bath water

Look at what my people are applauding
What should be a normal administrative expectation that politicians are not even supposed to dabble into in saner places?

Omashey!!
I thank God sha!!

These are choir boys....to sing "on your mandate" for him whenever they meet. There is nobody there with enough intellectual capacity and boldness to tell him he has missed it and he should retrace his steps. Instead, these ones will be deepening their grip on the economy at the expense of Nigerians.

LOL!!
This government has lost it.

Economy cant stabilise, its is gone for another 20-25 years

Who are the ones advising this man?? Its either his advisers are not being honest with him and giving him wrong advices so they could cash out, or, he is dumb and senile not to understand some implications of the advices, or, he brazenly rejects good advices and sticks to his crude and archaic ideas that can only work in a place like Lagos state where everyone is his lackey and he controls the revenue/expenditure processes from his house. It must be one of these 3.

His audience that he calls the economic advisory committee are his "choir boys" who will sing "on your mandate" for him whenever they meet. The advisory committee lacks real intellectual composition to get Nigeria out of the current socio-economic mess Timubu plunged it to.

Now, this idea of injecting funds into an economy is most useful when you need to boost a flagging economy via increased production, as done in the US in 2008/09 by Obama to fight the global recession and in 2012-2014 by Late President Shinzo Abe of Japan(Abenomics), to resuscitate the dwindling economy of Japan that was having a negative growth. These funds are channeled as stimulants to the productive sectors(manufacturers/agriculture) and then bought back through commercial banks using a specific method called "Quantitative Easing" when the economy stabilises and interests rates have dropped to a certain level. Notice that such stimulus is not pushed to the service or intangible sectors like banking, consulting, financial institutions, etc., because of the belief that growth and recovery can come quicker from those 2 sectors(Mfg./Agric), much faster that other sectors due to their multiplier effect capacities.


Beside those economies being productive ones(large manufacturing base), the idea(stimulus) worked because Japan, USA and those others that tried it successfully were austere in their spending, focused on budget tightening, disciplined in the application of the stimulus, and very strict in ensuring that the recipients complied with the requirements for the stimulus package, and then be ready to buy back when interest rates drop( not wihh public debt), all traits that are far from this Tinubu Govt.

Contrast that to Nigeria where the major driving forces behind the economy are extraction (oil, other mineral resources,etc) and services(banking, bureaucracy, consulting, rent seeking, etc.), with next to zero manufacturing and comatose agricultural sector. The 2 trillion will only further fuel inflation and mess up whatever little gain CBN has had in restraining inflation from blowing to more than 200%. At best, it might end up like the Anchor borrowing of Emefiele/Buhari misadventure. That idea(Stimulus package) can not work in a non productive economy. NEVER!!. A year 2 University economics undergraduate would know this, talk more of a so called" brilliant stategist/ chartered accountant"

In addition, this type of money can only come from one source: Borrowing. As it stands, foreign lenders are reluctant to give more loans to Nigeria because according to IMF, the reforms were not adequately carried out. If this channel of foreign loan is blocked, Tinubu has just the options of either increasing taxes(fiscal) or borrowing from local sources(more debts) or through the much maligned "Ways and Means" they castigated Buhari's administration over. Given the volume of public debt, feared backlash against further taxation(Kenya's case has taught them some lesson),the most feasible option is the "Way and Means" which amounts to printing more currency. if this happens, Zimbabwe's inflation will be a small play compared to what will happen in Nigeria.

Somebody just went to copy a stimulus program from somewhere and gave it to him to regurgitate, and just like he foolishly did with the advice to devalue the Naira, I'm not sure he has asked the right questions.

This Government is so confused, it is fighting itself in terms of economic policies. While the CBN is trying to fight off hyper inflation using various monetary means, the Central government seems to be encouraging inflation through various discretionary spendings, bloated budgeting, etc.

Just like I stated when he decided to devalue the naira and some people were jubilating calling it "necessary reforms" (they said he was floating it not knowing they were devaluing the currency in the crudest method, hoping it will invite more foreign investment), this policy will backfire and worsen the current situation. It is not well thought out and has been hastily passed on to him to mouth-out to make him appear like he has any brain or idea how to correct the mess his brazen arrogance and stupidity have put his government and millions of Nigerians.

Nigeria is in a deeper shit with this man. Soon, you all may have to beg Buhari to come back

Be dreaming... when will that be? Maybe in 2099. They know the masses are gullible and dumb hence they can continue with the bullshit they are doing.

Holyfic:
Weda na 1 million kala de around 500m radius the day when masses go change am for una to say enough is enough nothing go fit stop dem, so nor use that one threaten anybody punk a**

Its okay.

mu2sa2:
Oga continue with tasting pudding in your US, we are okay with sumptuous pap/moi-moi or garri/gnut in our own dear native land of Nigeria.

Where is this lun..c rabid bingo?
I need a bingo ticket back and entertain me with gibberish and lunacy.

madone:
sorry my guy no follow that guy Blazetrailer talk again cos na my meat i am ready to crush any building just to demolish his hut.

The quality of life $4000 will give you, N100m can not give you. Take that ti the bank sir.
The taste is in thr pudding. You don't know you are suffering ans lacking in quality life until you leave poverty

mu2sa2:
She is in Nigeria. What that naira can buy in Nigeria, 4000 dollars can't buy the same things in US. You claim to have left, enjoy your dollars as we are enjoying our naira.

How? That's relative. If being better means having lots of money but living in chaos,poor power supply,flood,insecurity,brazen corruption,, poor health system,non existent infrastructure, and so on....my brother, that is richness in the midst of poverty...he is better than them. In fact far better. With the coming recession and inflation that is projected for Nigeria based on Tinubu's senseless gambling with the economy, you may regularly need him to help you out ofnyour financial needs via forex remiitances soon.

Life is about the quality and not quantity

Elzazzi:
Lol there are folks still better than you in this country.

Gradually, people are seeing the stupid decisions tgat Tinubu made that others have been idiotically referring to as reforms. He killed what was remaining of Nigeria.

I repeat again, if people know the damage those Tinubus decisions ignorantly taken and called "reforms" have done to Niheria economy...Kenyan riots should be a child's play.

Nna...wey dis rabid bingo?
Oya come and disgrace yourself this morning o. We need a daft entertainer who was born dyslexic and ingrained moroness in his genes.

Bingo bark!! Bark!!

madone:
Didirin wey never cross border dey mushin dey count people wey their life better 100m times better than his miserable life.
Ooo maybe na their WhatsApp you track you done help them track their wives WhatsApp finish.
Mr dick measuring tool omo ale
Obun

Bastard oponu, olodo, oloshi
If them leave you now you say you know how many people wey dey lagos animal obun, ode

...Nigeria is gone already. The moment he took some stupid economic decisions like a drunken sailor,in the name of boldness...he lost it

Stevosty:
What does the tax collector know? Nigeria on destruction mode, God forbid.

Too late....

Spot on.
Get out while you can

sweetkev:
The corruption going on under Tinubu is massive. The next president after Tinubu will be worse. Nigeria can never get better. The country is not designed to make things work because the system has made about 90% corrupt. There's no hope anymore, you either join politics and be brutal or get connected. If you can't do this two my brothers and sisters, try japa. It might be difficult when you just arrived but your children will thank you for taking that decision. NIGERIA KOLE DA MO.

The moment he accepted to devalue the currency....I knew all was lost. His adm8mistration will never recover. Economy is gone for another 30 years. Time to get out

Where is this rabid bingo...he has stopped barking

Omo ale, wake up...I am back from making money...I need a foolish agbalagba to entertain me by dancing naked and showing his buffonery woth a lot of foaming in the mouth.
To ba stop, omoale nie se!

madone:
Oniranu My insults is making you change your life style already dont worry i am takin you somewhere you go dey waka for road dey think of wetin to do
eeeediot want to form mature whats my concern if you are moved or not. See him reciting the words i told him the animal go don go mirror to view his licking foaming mouth covered with spit.

You make money online for where i know your type see son this your 5year old defence mechanism will never work you go still dey collect. We know people wey dey make money online and we know fools seeking validation. This mud is getting messy

animal online money maker why did you remove the picture of your whatsapp tracking business shame done dey catch you abi

confused bastard ti Aye e ma roboskeshi

retard chronic liar,Ewure
Osunmo didinrin, Osunmo ode.

Swegbe your brain is so slow and empty u dont know how to coordinate it and behave yoursef in public you go everywhere fighting and insulting people

A fool like you Arinka n j’abata
Who can not make any substantial sense but switches to insulting people in every thread he enters

Apoda see sliva linking from his mouth
Me wey i just dey start. I will soon start following you to every thread every post u make on NL you will then understand why my moniker is mad one

You done buy market ooo and you will find it hard to sell. Onisokuso your licking septic tank mouth should get ready cos i am getting bored with this your repeating words method.
you wey no fit even engage in meaningful discourse with a depiction of civility but keep disgracing yourself with insults and lies. Like a low life bastard you that you are

Frustrated property seller i guess you ar out there looking for one of your old television to sell for 20k so u can survive with data to post more lies online and track your lost girlfriend Oni jibiti 419 like you criminal 😉 😜

Lol!
Nigerians and the snug for mediocrity.

So using the funds to build 10 different buildings to build one or twi is considered doing well. God have mercy!!

No wonder a known criminal with no history or verifiable background bamboozled you guys into becoming your president.

SmartPolician:
Oga, rest! I am not talking about the money spent here. I am talking about Nigerian states building decent multistorey houses to accommodate more citizens. Sanwo-Olu is doing a great job in Lagos.

Two of you are just expending your energy for nothing, arguing on prices that re irrelevant.

Those flats are already shared among the party heavyweights. That one of their "ajemonus" for all their dirty work.

Anyone you see buy it is buying from second or third hand.

Exousiang01:
In reality N45m is not so much for this.
This is not eveb rent this is buying.
How much do you think a studio apartment goes for here in the UK even for rent?
N45m ia roughly around $30k if am correct. Thats not too much for a simple appartment.
Are you expecting the government to give it out for free?
Do you know how much similar apartments are going for in Lagos?
Make una dey think before una dey talk na. Or is it because its the government?
A real estate company will put up a similar structure in the same area for N70m and you wont say anything.
All the small small houses advertised in property section for 100s of millions how many have you complained about.

You people just look for every means to looj for the negative even when its not there.

This is witch craft you are practicing if you dont know.
Hatred for anything good is evil and its witchcraft

Lol!!
If they told you that the actual money spent on that project can build 10 of it, I'm sure you would argue it. Keep celebrating mediocrity.

SmartPolician:
Check out beautiful multistorey buildings.

Other states have so much to learn from Lagos.

This Inflation is gone and will continue to soar unfortunately. The moment he listened ti those who advised him to devalue the currency, without thinking...Nigerian economy lost it.

grandstar:
As much as I sympathize with Dangote, there's no option bit to increase interest rates above inflation
There's simply no alternative to slay inflation.

All the curses being poured on Tinubus head would simmer once inflation is down.

Interest rates won't stay high forever. Once inflation begins to come down, interest rates would begins to slide down as well.

How many people come dey Lagos??

Ashley86400:
Lol, 100 million ke?
The total population of Canada is like 35 million.
That's less than the population of Lagos.

Lol!

You mean an adult posted like this? I am so ashamed for you. Your gloating like a pig and foaming in the mouth does not move me. I can see the rabidness is gradually getting over your brain which is what I wanted. Keep showing it was an eternal error and unforgivable mistake that is beyond pardon to have given birth to something like you.

If you stop barking seh...you a re bast.rd!! Na me talk am

madone:
see this eeeeeeediot when you wer here disgracefully displaying your stupidity you you didnt remember money has to be made right
This isn't a dick measuring contest you you love doing . retard like yku can neve amounr to anything good ....I have asked you to alwsys verify people bf engaging them but u refused. You av been her here argument and foaming saliva in that your rotten⁵ mouth