₦airaland Forum

....dreamer..

PHAYOL81:
The road may be rough but it is leading us right to the beautiful garden of hope and prosperity we all want. Lagos came through such bumpy ride in her early days of rescusitation too only to rebound onto a smooth path to stability. I believe similar fate awaits Nigeria too.

..i read it, sir. What I'm poiting out to you is that it is not an idea at all. It never works. You should not even judge it to be a good one then or at any other time.

When I heard it, I just assumed he was high on coke or something and the gullible audience did not dare correct him. No half educated person mutters that, talk more of someone labeled as a "first class accounting graduate, with CPA"

SmartyPants:
Is it that you can't read or do you just love to talk? Did i not clearly just say I didn't agree with the policy?

Boys scouts

..you dont have enough idea about economics either. Theories and actual experiences have shown that fiscal taxes are most ineffective control of inflation. Monetary policies are. Tinubu goofed. He must have overheard one of those his patch patch advisers saying something like that, he just rushed to blurt it out without thinking. Just like he goofed in devaluing the currency by not weighing the total implications. Something managed effectively by an illiterate like Buhari. Now inflation is projected to be near 40% by year end and Nigeria economy contract to the 4th largest in Africa. from 1st position, based on one brazen stupidity.

SmartyPants:
Well, the idea as he said then was to slow down the economy to combat inflation. At the time, I didn't think it was the right way to go (and still don't), because the causes of inflation are not totally related to the spending power of the masses. Farouk doesn't seem to have a great grasp of economics though he is right in pointing out that the masses are getting increasingly disaffected.

....this shows Nigerians are still truly blind or daft. What Tinubu did are not reforms...they are blunders...not well thought out...he goofed with the devaluation completely. There are countries that dont recover from one stupid misdirection from their leader e.g. Zimbabwe,Lebanon, Colombia, Greece, Cyprus, etc...That singular act Tinubu did would take more than 20 years for Nigeria to recover. He has realised it himself...but its too late now.

Volksfuhrer:
Mr Kperogi Farook, it’s too early for all this. When you restructure an economy, it gets worse before it gets better. Mobility of resources isn’t instantaneous, it takes time: hence the externalities we are witnessing now. A little research on your part would have done you a lot of good even if you had never taken a course in economics! The Freudian slip you inferred was petty; you are a PhD, you should know better!

Blaming people who managed the economy reasonably well for the woes caused by Tinubus stupidity is the beginning of insanity...

Iamanoited:
regulate-naira-to-dollar-trading-in-nigeria-imf-should-urge-nigeria.


crypto currency has no sovereignty, no authority and no responsibility.
EMEFIELE AND BUHARI were just irresponsible reckless and negligent.

Lol! Nigerian Govt. Is still begging IMF for more loans everyday and you are there shouting back off?? Mumu!!

Gten:
Why is IMF all up in our face? Nigeria is capable of handling it's crypto issues, the CBN is on it.
Back off IMF, we are a sovereign nation.
F.T.C

..its too late..he has already made the blunde...He has taken Nigeria 20 years back by devaluing the currency...its gone!!


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quote author=Blaze14k post=129890316]

Bro tinubu should take off his ego and listen to those that have a better idea. Everybody want Nigeria to succeed but he can't do it in this manner. All these things going on is what people were complaining, shouting yet it looked as if we were stupid. Instead of solving the problem he is adding more to it. I don't know why he relies so much on CBN[/quote]

..because they dont make critical national decisions based on sentiments.

Cineinfo:
I still don't get it. How on earth IMF understand Nigeria situation than the Nigerians

...this post shows someone without any understanding. So as experienced and prepared as he said he was, he waited for small oyinbo new graduates from university at the world bank/IMF to tell him what to do?

The issue is not the subsidy....the biggest mistake he made was accepting to devalue the currency. Now he can't go back. Take that away and he would have been fine with the removal of subsidy.

Faiththatworks:
I think this imperialist and mad neocolonialist are the biggest problem of Asiwaju.
These Mad people told Asiwaju to remove Fuel Subsidy he obeyed,the country went into immeasurable hardship,if the President decides to allegedly reintroduce subsidy on a lower scale to stop the total decimation of the masses,why are these made neocolonialist complaining again.
I totally disbelieve this allegations of subsidy,and these are my reasons.
I say this with a reasonable level of factuality that as of Today,Dangote is selling a litre of Diesel for 850 naira, without any form of Subsidy.
I know people who are loading the product directly from the Refinery and he's selling at 850 naira.
For the sake of argument,let us agree he's selling at 900,I can say factually again if there's any level of Subsidy it should never be in the range of 5 billion Usd.
There's no way Nigeria should pay 5 billion Usd as subsidy this year unless The NNPCL wants to continue stealing all the oil revenue.
My advice to Asiwaju is to instruct the NNPCL to stop the payment of this dubious subsidy and funnel all the money on crude oil sales to the CBN,and instead of paying subsidies to European Refineries,the crude oil should be given to Dangote to Refine.
It doesn't make any sense,I repeat any sense for This country to extract crude oil and sell it overseas,then Use almost half of the proceeds to pay Subsidy.
It's the most foolish Economic principle I have seen in all my life, enough of this stupidity and merry go round stealing.
Asiwaju should man up and stop this Economic sabotage in the name of Subsidy.
God bless Nigeria.

Colonial mentality

...honestly, this thread alone, has shown to me how half educated a lot of Nigerians are about the economy. How could any one be celebrating Businesses having unfettered access to foreign exchange to pay for foreing obligations which includes dividends,interests and management fees...in an economy with nearly 40% inflation and 309% devalued local currency and in dire need of such forex to prevent recession?? That is capital flight, man!!! Even a blind man shoukd see this.

The problem with these supporters of Tinubu government is that they have very little to defend the failures of the overhyped man to the extent that latch on to any headline that appears to be positive without even understand the content and context..because they are in dire need of any thing positive to defend this failure with

There were so many things I never believed would happen in my lifetime , such as Buhari regime being better at managing the economy that the so called "brilliant first class accountant's administrstion"

This is a negative news. Most countries will prevent this as much as possible, to engender productivity in their economy

...hallucinations...lol

Idiot

When will there be one for corrupt government officials?

Thats what he applied and is getting paid for. Let him work

gnss:
I don't do Politics of Tribe ,Hatred ,Hypocrisy .

Yesterday I was having a discussion with an Elderly Man an APC Party Man who is a Staunch Supporter of Tinubu about the Economy Situations .

He Said ,Kama Ton Arawaje ,Ilu Osunwon Rara ooo.

Meaning ,Without Deceiving ourselves the Things in the Country is not Okay at all.

He is a Yoruba Man ,I am too .

I do not Belongs to the Class of People that Believes even if The President Policies is not Working Good Results then I must Keep Talking like a Zombie ,

Let's face the Reality .

Things are Getting More Worse .

If you say ,You are Okay ,Several Millions are Sufferings ..Go to the Streets and see .

Now Objectively ..

Concerning the Dollars ,Finance ,P2P , Crypto Etc have been Blammed ,Yet Dollars Keep Rising .

WHAT EXACTLY DO YOU THINK THE GOVERNMENT ,CBN GOVERNOR SHOULD DO PRACTICALLY TO STRENGTHEN THE NAIRA ?

....and when there is a coup there...one buffon will rush to impose sanctions to please his new found foreign masters

Really?..... what an assumption?....

Menclothing1:
Informal sector don’t pay tax here in Nigeria the day carpenter tailor plumber welder start paying tax is when Nigeria will be great

lol! This idiot said he was referring to corporations. Which corporation will not divest from an economy projected to recess and have a 40% inflation, aside from 300% currency devaluation?? Microsoft West Africa just joined those planning to zap. Common!! Imagine the reasoning of the citizenry

ElSudani:
Those who ran away when things got worse will have themselves to blame. If you are not in Nigeria you are not in ready for Africa yet.

Lol...daft, he has ran out of ideas...and points. Common! you can do better than this, continue showing your stupidity.....

oya! keep coming with stupid responses. if you stop, your are not the son of your father!

ElSudani:
One leg in Nigeria and you are running your mouth. I bet you are still doing hide and seek with immigration.
Did you take your speakers with you by the way?
"Relocation sale" broke Azz Nigga.

oh fool, you shall wait forever!

ElSudani:
You are still ashamed to tell me this paradise you relocated to.

.....nah, I would rather be a butterfly in a growing and peaceful atmosphere where there is hope, prosperity and happiness than be a bird in a drowning paradise that you are in. Have you heard that inflation is projected to be near 40% by end of 2024 according to World Bank? Your N1 today will become 0.60k then, continue to wallow in abject poverty and think you are growing. There must be a reason sane businesses are bailing out asap. Did you Dangote's outburst at the last Dangote Plc shareholders meeting? I know you are daft. You can get someone to interpret for you

ElSudani:
SMH....A butterfly thinks itself a bird.

..nah bra! It is better to point it out to some of them. if this could help open a few eyes.

nigeriansamurai:
that's to show you how blind they are and there is no point in replying them

lol...I am better. I do not think. I know ad very certain. . You will not pluck words from me as I stated. You can continue to regress where you are.

ElSudani:
They may struggle at the start, but they eventually settle on and go on to live saner lives than idiots like you

This is the truth right here. You are one of those dumb new commers who are still struggling to find their feet. Probably still illegal but already thinking they are better than people in Nigeria.
Don't get over yourself my friend. You will learn, I hope it is not too late.

lol...again, definition of stupidity......being exhibited over and over again by a simpleton. Making stupid assumptions is a trait of an idiot. You will not pluck words from my mouth, egbon oponu! At the moment, I am far above you in all ramifications. That is for sure and what is more important.Lol!

ElSudani:
You sold your belongings just two years ago to move abroad and you are bragging!
Why are some Nigerians like this? All the jagbajantis you sold cannot even buy a ticket. I bet you are still paying for the ticket.
And you are already feeding people in Nigeria?
Hehehe LWKMD.

lol!!! oro ode!!.... a foolish person's talk!!..... again, when the fools are called out of their delusions, they look for a way to twist and gorge out warped thoughts, questions and statements that befuddles even neutral observers. The fool is trying to pluck words from me. Oponu!! go back to those who sent you. Don't run away with your tail between your leg, continue exhibiting your stupidity that you have made very clear to the world without a doubt.

ElSudani:
Olodo, I don't know where your " here" is. I asked you a straightforward question. Since you referenced Nigeria, how many people pay that as rent in Nigeria. Remember I said I was being modest. Perhaps you don't know what that means but that is ok.
Just tell me the percentage of Nigerians who pay 15 million naira annually as rent. Can you do that?
I will appreciate a straightforward answer.

...lol...I knew you would never dare. Its far beyond your level. When it is not gists about MC Oluomo vs another area boy or APC Vs LP....olodo!

ElSudani:
You really think I have the time to read your verbose nonsense.
Keep it short I have better things to do. I initially thought you have something upstairs but gosh! I was wrong.

...oh...I did not know. Sorry, Its my fault that I thought you had enough level of comprehension to understand that more access to forex by corporations to move money out of your country is not a positive thing. its called Capital flight.

Paraman:
You guys without common sense should stop quoting me abeg

What type of an IQ reducing comment is this

lol ...again, the more you write, the more you get exposed as nothing but an area boy, with zilch within that thick skull, contracted to as an online social media responder. Who gave birth to you??

Your N15m is roughly $10k/7k pound....Nonsense! Houses are more expensive than that here, egbon oponu!, and even the lowest of workers here pay that with utilities and still have enough to flenjour and send back home to you hungry and lazy lots in Nigeria. Guess you haven't been to the visa centres lately, if your country had hopes, youths will not be trudging away from there on a daily basis. We welcome not less than an average 5/6 new Nigerians arriving here on a weekly basis, escaping from the dungeon. They may struggle at the start, but they eventually settle on and go on to live saner lives than idiots like you

ElSudani:
Olodo, how many Nigerians pay equivalent of 15 million naira annually in rent and that is being modest.
This is the reality in most advanced countries.
I guess after getting your 8 dollars an hour you will live on the streets, and open your big mouth to be filled with air from the dead sea.
Look, you are naive and extremely full of yourself. You think you know things but you are pathetically ignorant.
By the way, all the nice stuff you mentioned were they created by aliens and not humans like yourself?
People like you create more problems for the country than anything else.

Now you are going to an area far beyond your thinking capacity.

The difference? None of those countries had a power drunk leader who announced economic policies out of brazen stupidity. If they experienced, it was not self inflicted, it was out of congruence or otherwise, of economic forces working together. Have you seen the President of the US, the Prime Ministers of Britain, Canada, France or even India or South Africa to bring it closer home deciding monetary policies?? That is the exclusive preserve of the MPCs. When such happens, because it is usually not self inflicted damage, those economic forces work back to create an equilibrium to restore the situation in little time. To cap it up, the visionless Nigerian Govt. released an expansionary budget for 2024 to corrects its error, that it could not fund with changes to fiscal policies, relying of further borrowings, thereby increasing the pressure on inflation while the CBN of the same govt. is trying to fight inflation using redundant monetary polices...all futile efforts after the damage had been done....where is that done?? Contradictory economic policies using instruments that should be aligned towards same objectives..... that's what those other countries that suffered recession did not do and will not do.....especially when inflation is projected to be closer to 40% by early 2025 in Nigeria. You are in big shit in that country.
I know you cant understand how all of these work, it is too complex for your dense gray matter to comprehend. Oponu agbalagba!

ElSudani:
Tell me which country on this planet that never experienced a contracting economy?
I bet you believe the prosperous countries were created by some gods. Something that can never be replicated anywhere else.
I actually looked up your profile and I saw that in 2022 you put all your earthly possessions for sale calling it a "relocation sale" or something of that nature.
Did you yapa yet? I think the reality is biting your black arse already, hense the unprovoked attacks on people who doesn't know you exist.

...again, the limitation of your reasoning capacity. how many Nigerians collect N11,600/hour($8.00 X N1460), with security, good roads, access to great medical care and responsive emergency system, full public power, easy access to potable water, noiseless and sane environment, lawful society, reasonably just judicial system, etc.... go on social media and ask how many of the 200million people you mentioned were praying for Nigeria would want to swap their current situation in your Nigeria(zero power supply, insecurity, wanton kidnapping, brazen corruption, lawlessness, chaotic living, filthy and polluted environment) for that wage and lets see whether your country wont be half empty in a week. For your information, that amount you typed down there[b](N1,856,000) [/b]is more than what the VC of a Federal University collects on a monthly basis in that same dilapidated environment. if Profs were getting that much, they would never bother going on strike.

Oponu! if only you have kept quiet, we would not have known that you were naturally born a daft.

ElSudani:
Free info: Israel is in dire need of farm workers. They will give you free food an $8.00 an hour.
Physical slavery is easy, Slavery of the mind is the most difficult to break.
I was talking about companies that left Nigeria and this poverty stricken traitor thought I was talking about his intention to go on exile.

...statements from the same person on the same topic.....what else is the definition of a warped mind? I sure this daft will count himself as one of the educated Nigerians

ElSudani:
Alakori, not everyone is living it up abroad and not everyone is a child of a politician.
If you think you will be plucking hard currencies from trees in your "Overseas" good luck.
Dubious people like you are luring thousands of unsuspecting Nigerians to greater problems than they have in Nigeria.
By the way, my comment was directed at companies leaving Nigeria not people like you.

ElSudani:
Those who ran away when things got worse will have themselves to blame. If you are not in Nigeria you are not in ready for Africa yet.

ElSudani:
Can this bloody illiterate even read? Where did I call for anyone or any company to leave.
Your expletive laden nonsense means nothing to me. I deal with idiots like you here on a daily basis.
Yes, I pray for Nigeria to get better and I will continue to do so.
I am not here to measure dick with internet millionaires like you but I[b] can assure I've been to so many places in this world to convince me no place is better than home.[/b]
If you think the countries some lazy folks like you are running to doesn't have their own problems or they never did then it means you are just another low IQ blustering dunce who thinks the only solution to his problem is to run away from Nigeria.
Don't be jealous of people who are better than you. While I believe there are crooked politicians in Nigeria [/b]just like everywhere else. There are people who were already rich before coming to politics.
Continue to be bitter and jealous. Continue to pray for the downfall of Nigeria, there are 200 million more who are praying for Nigeria to be better.
[b]Sad poor fellow. Where do you want to yapa to? South Africa, Ukraine or Russia?
Oponu.