₦airaland Forum

Ojuntana:
How is the US president a known racist, failed businessman and rapist?


What of a country that employs a known drug dealer, certificate forger and looter as president and expects to prosper?

Abeg ask the Fool?

helinues:


Those who are claiming of not seeing what this government have been doing should forget about any recommended glasses. Their vision is permanently blurred

Those who support this failed government have blurred brains.

Umuinyioku:
Stop your negative yarns. In Lagos, who are the major contributors to the tax regime that swelled up the IGR you are making noise?

Do your research and let us know. It's not Ronu businesses that swelled up the IGR.

Skull minning

[quote author=Nomercie post=133894357][/quote]Bastard .

Father reject.
Mothers reject.

I pity you.

YouAreNobody:
After your papa, na mosquito

True.
The idiot even get father?

The fools would keep hyping a failed leader with nothing to show after 18months.

Nomercie:
I'm not from baby factory region

That is not an excuse for you been a Bastard.

Nomercie:
My father is doing great unlike your father

You get father?
No go claim person father oh!!!!

Bastard

FIRDAUS3:
Abi naa.

Enough of' I was born in the United States of America

I tell u.

wirinet:
US constitution is quite different from UK constitution. UK is a constitutional monarchy while US touts itself as a democracy built on the shoulders of immigrants and slaves. Birthright citizenship was not enshrined in UK's unwritten conconstitution, it was a major pillar of US constitution. Most US citizens from inception except a few that became citizens by naturalisation, obtained their citizenship through Birthright.

I hope you blacks and poor whites where not counted as citizens in US during the early days of independence?

Lithiumite:
Why is it only haters like yourself that keeps screaming hunger? Your gaslighting has failed since your failed protest last year.....this is 25,get a life.

Bla bla bla.
Incoherent crap.

Aaronsrod:
Of course not.

Only primitive Red Indians and bushmen.

Not one Christian in that land.

Trump must deport them with the Mexicans and LGBT.

True.
Every clow wants to travel and become US citizens, but they forgot that without the Whites the US would not have existed or become as great as they are.
Left with blacks and native Americans, the present geographical area called US would have been a deserted wilderness

Lithiumite:
Trump that has already brought unfathomable confusion to the whole world just within 48hrs of being POTUS......yes tinubu isn't an anarchist and isn't in anyway exhibit petulance like trump.

Keep fooling yourself.

Defending failure online , while crying for hunger and starvation inside your closet

ObosiLandlord:
Provide evidence he didn't follow due process. There's no need for the insult

The onus is on you to prove he did fellow due process.

Because its well known and documented that he did not.

luminouz:
Rubbish....

The native Americans are the real owners of America. Read well ..it's just like saying because you came to Ekiti and saw no people there, then you are the owners of the southwest when Ondo town has been settled before you came

Did the native Americans bring land to Earth while coming to this world?

ObosiLandlord:
What did Tinubu do that's against Nigeria law?

Awarding coastal road without due process, is not illegal and against the Nigerian consistution?

Zombie

Lithiumite:
The contradiction in your post is as clear as day and depicts you as an unintelligent person.....doubt you even understand the issues.....on one hand you like the one that gave 5 executive orders right in his inauguration speech because he is American and white but you
hate the one who made 2 policy statements that he felt would help solve the decline in our economy just because he is Nigerian and black like you.

Typical Zombie.
Comparing Apples with grains.

Tinubu is incomparable to Trump.

free2ryhme:
Trump is acting on a once-fringe belief that U.S.-born children of undocumented immigrants have no right to U.S. citizenship and are part of a conspiracy (rooted in racism) to replace white Americans.

If not 4 the whites, would there be a US or a developed country like US in the first place?

Mynd44:
Everybody apart from the Native Americans are immigrants in the US.

Was there a US or America b4 the Europeans came?

Sunsen:
Unsustainable financial cost of subsidy: According to the World Bank, Nigeria's total revenue in 2000 was USD10.8 billion. By 2010, this amount increased to USD 67.9 billion. Yet the Nigerian government has spent over USD 30 billion on fuel subsidies over the past 18 years. This has had a significant impact on funds available for critical infrastructure and other essential sectors such as education, health, and defence. According to the Debt Management Office, the country’s public debt stock is being increased as the government had to borrow N1trn to finance fuel subsidy in the year 2022.


That's an excerpt from pwc report that was done in 2023 about challenges of fuel subsidy ..... But I bet people like you won't bother to read such reports but would rather just fly with any narrative that suits you

More crap as usual.

BreconHills:
You are being emotional.

Your father enjoyed a subsidized education, subsidized travel and subsidized dollars. He, myself and everyone born prior to 1990 enjoyed subsidy.
Those subsidies formed a pattern of behaviour by government and the public which was subsidies in exchange for no questions asked governance.

The blame you attach to successive government is real but the country has never run a realistic economic policy until now.

This is why subsidy is gone forever. All parties recognize that it is unsustainable. I do not understand why anyone would write a treatise on a done deal.

From Obasanjo till PMB every attempt to address subsidies has been met with violent protest by the citizens who regard subsidy as their entitlement, until this President. No more. The FGN will mot change course. Subsidy is gone. Yes we will suffer but citizen suffering is not exclusive to Nigeria; post war Germany and Japan suffered. Nigerians to will suffer for an economic system in which we were all complicit.

If anyone wants to hold the feet of this government to the fire on how they spend money, do so. It is right and good. But on subsidy. That is a dead horse.

NB unless you have not travelled outside the country you would not say that Nigerian doctors and nurses are inferior to doctors anywhere. Yes they are trained under a subsidy regime but the Plab exam they take is not a retraining exam but simply an accreditation exam similar to that which the most experienced if lawyers in the US and UK would take to practice in Nigeria.

Typical Zombie comments.

No sense and facts, just usual grunting.

Idiots

Ojuntana:
I respectfully request that you speak for yourself Sir. My parents have never worked in govt or gotten free money or contract from any govt enterprise so it will be deeply insulting of you to lump them in the self-confession of your active participation in the ruining of our country.

As for Saudi Arabia's oil wealth, if Saudi Arabia had ruinous political elites like our leaders who play politics with every matter of governance, their oil production or GDP will not save them from ruin. Saudi today has a SWF of about 700bn. Chatham House reported that Nigeria's wealth that has been stolen since independence was in the region of $582bn in 2019. If that money was in a SWF, Nigeria will have the largest SWF all over the world as at then.

If my memory serves me well, stuffs like stockfish and wigs were on the export prohibition list in the last administration. This administration brought them back and devalued the naira in a bid to accommodate such things. Has the naira been better for it? Has access to forex improved because of the devaluation? Do the political elites feel the pinch of devaluation? The first lady was reputed to have gotten billions of naira for her foreign travels when she is not an agent of the state. Her office is unknown to the law yet it appears in every budget. The president's son was reputed to wear a watch that costs millions of dollars and was recently fingered in a house purchase worth millions of pounds. All this without any publicly known or acknowledged business. So who is being subsidised here? The present chair of the ruling party has a dollar stuffing video. The head of the legislature has over a 100bn corruption case on his neck. One of the chief ministers of this govt was a bagman for late dictator who was known to wreck the CBN in hard cash. I'm sure these folks are not living fake lifestyles according to you.

There is no nexus between subsidy in the downstream sector and oil production in the upstream. You seem to be confused sir. Neither the telecoms nor banking industries have been recipients of subsidies.

It is disingenuous to compare LUTH with universities in the UK and the US when they do not offer same standards of teaching and research environments nor opportunities and renumerations. Students in the US just had their loans wiped off. The UK offers grants and subsidies to University students at a scale Nigeria can only dream of. Again, it is dishonest to compare both in terms of fees when they do not offer same prestige and value.

When you say Nigeria is not rich, what exactly do you mean? Is it in terms of human, material and natural resources or in terms of exploitation, management and deployment of resources. It is confusing to first lay the blame at past generation, then switch to stockfish and wig, and then arrive at the lack of wealth of the Nigerian state.

You can't seem to get your story straight.

Well said.

The fool is attributing payment of subsidy as a dis-incentive for investment in the upstream sector.
Typical APC duance with low IQ.

codemaniacs:
the major cause of Nigeria's poverty and under-development is the Western institutions that don't want to see any black nation prosper..

It is western influence that made t:inuboooo to devalue the naira which spoilt the purchasing power of every Nigerian.

you guys don't understand their hatred for black people globally especially those in Africa..

india annual budget is ₹48 trillion which is equal to $560 billion ( with a population over 1.4billion people

while Nigeria annual budget is ₦49 trillion which is equal to $30 billion ( with a population of 200million people )..

my point is Western powers claim Nigeria's population is the reason for ₦ Naira's bad currency conversion to the dollar..

but India with a population 7 seven times Nigeria's own is not affected by the same policy that causes Nigeria's bad currency conversion to the dollar..

if you reduce india annual budget to ₹28 trillion similar to Nigeria ₦28 trillion..

india's ₹28 trillion is still equal to $326 billion...

the Naira is a weapon fashioned against Nigeria and Nigerians by the Western powers.

Sighs!!!!

Useless senseless comment.

BreconHills:
You actually are just being emotional. You should be blaming past generations that " enjoyed" the fake life. I am among them and so are your parents.

You mention Saudi Arabia. What is Saudi Arabia oil production per day vs its population? What is its cost of extraction compared to Nigeria? How much excess crude oil sales was available for its sovereign wealth fund? Similar questions for Norway. Norway set aside nearly 80% of its oil revenue for its sovereign wealth fund Nigeria imported $3.2bn of stockfish from Norway in 2022. Paid for by subsidies. Stockfish o not spare parts. In 2022 we imported $313million worth of wigs from China alone. I haven't counted India, Philippines. That's where your subsidies are going. Fake lifestyles.

Meanwhile subsidies meant that there was no new investment going into this same golden goose of oil. Why would an oil company invest when it's margins are squeezed by state enforced subsidies? Same thing is going on now in telecoms where call quality is dropping, banking transaction failure rates are rising - why? Because price freezes over the last 2 years have created effective subsidies.

And the subsidies are still there. The cost of educating a home student in the UK is £9,600 per annum. The cost of educating a doctor in the US is not less than $100,000. How much is school fees at LUTH. These are the same doctors the world is grabbing off us because their education is GOOD and CHEAP.

Get it into your head. Nigeria is not a rich country. It has never been. It is a potential high medium income country. Stop feeling entitled to what does not exist.

You cannot use the 1% to calculate the size of NGN true GDP. You are all going to work your *** to get out of this. Nobody is coming to save you.

Bla bla bla

More crap.

nairalanda1:
Remain blind to realities then.

And keep abusing me with playground insults.

Good afternoon.

Keep fooling yourself.
Why not show us how much was borrowed to pay for subsidy?

Ojuntana:
At least you've corrected your initial claim of Nigeria borrowing $10bn annually. That was propaganda and wrong. Unfortunately, no one audited NNPC accounts to confirm if they indeed spent such amount on subsidy or not. That is the corruption we are talking about and which you alluded to now. Corruption exists in every sphere of Nigeria's public life. If we are going to shut down everything that is corrupt about Nigeria no matter its utility, then even our govt needs to be shutdown.

Nigeria is not the only country that defends its currency. It is irresponsible leadership that makes it become a conduit for corruption in our case.

Any country that wants to develop at a macro-scale must have two basic ingredients. Cheap and available energy and low inflation. I've not seen a country that has high energy costs coupled with high cost of doing business and still developed. A simple way to tackle this if those in govt were sincere would have been to plough at least 50% of the gains of subsidy removal into wage review, social welfare and subvention for critical industries. But how can they do that when they cannot even tell us how much they presumptuously saved from subsidy?

As an aside, if you read your third link, you will see that the money lost on Fx world bank was referring to was on the differentials. If you compute that and the present exchange rate, you will realise that Nigeria is still not better off in terms of revenue. It is simply the devaluation that is the window dressing.

“This situation emerged because FX revenue inflows—such as oil and customs revenues, as well as a portion of domestic VAT and CIT which are paid in FX—were transferred to the treasury at the official exchange rate.”

“However, due to the significant difference between the official and parallel market rates, the amount of naira-denominated revenue received by the Federation from FX-linked revenues was significantly reduced.”

Do you think the Zombie's head can comprehend the highlighted message?

sulaak:
Falana, Sowore and many others opposed the removal of oil subsidies despite a lengthy debate and discussions that included the brilliant Sanusi and Iwealla, who argued for the removal of fuel subsidies and the likes of NLC, Falana, Sowere, Oshimole, and Senator Ben Murray-Bruce that supported keeping fuel subsidies.

GEJ was a weak president who couldn't back his ministers and backed down because he was more interested in being re-elected in 2015. We lost an opportunity to get the country on track.

So Nigeria is on track like this?

CONFUSED ZOMBIE

sulaak:
The UK has a productive economy with an annual budget of $700 billion for a population of 67 million.

Nigeria cannot even feed people, resulting in food imports.

The country's budget of $30 billion for 220 million is shocking. Yet, you want the government to continue borrowing from Eurobond at 8% to fund fuel imports of over $10 billion annually and protect the Naira by spending $1.5 per month.

Nigeria must face the reality that 25 years of democracy have failed due to consecutive governments' failure to outline an industrial strategy. Removing Fuel Subsidies and FX is the right decision; now, Nigeria must leverage its oil and gas resources to build a petrochemical and energy industry and increase food production.



The average Nigerian can start having fewer offspring, which places a strain on the social infrastructure, educating their children and using the street to protest instead of being priasing as corrupt politicians.

Bla bla bla.

Useless crap comment

The same subsidy and naria that is defended behind doors.

Ozu

Vision101:
GEJ that can't control his ministers. He wanted to remove petroleum subsidy and retain fx and electricity subsidy. It's like locking up one door and allowing multiple doors open to milk away what you saved. With all the sophistication of okonjo-iwuala she did remember the impact of our archaic tax laws on our economy.

Say this commenter go claim say e get brain?

EmperorCaesar:
Thats not the point. This is 2025,not 2012

Hes spoken well

PBAT sure surrounds himself with brilliant mind , why wouldnt he succeed?

A new Nigeria is born under Tinubu

Wailers are allowed to gnash their teeth. Its a fundamental human right

Bla bla bla.
Same meaningless useless comments.

gawu1:
Aboki doesn't carry Belle and then head to America to give birth there just to secure automatic citizenship for their children.
That is mostly the thing done by inyameri ipobpigians every second.
So, how is Trump "Aboki's nightmare"?

No be una fault, you cannot go for what you don't know.

Do you expect an average low IQ Aboki to know or understand what birthright citizenship is?

Una problem na illiteracy and poverty, typical Aboki cattle.

TossTos:
As very decisive and proactive in decision making as PBAT , trump is cutting areas he sees his country needs to stop like PBAT entered and stop two subsidies that had been affecting the growth of our country .

Subsidy on oil&Gas
Subsidy on Exchange rate


Trump is as Rugged as Tinubu ..

Exactly what my Amiable president did here ..
Only that USA will see the result more quickly because of their foundation. While PBAT is just building new Nigeria from scratch/slum...

Zombie stop comparing the two, they are incomparable.

One loves his country and wants the best for his country and ppl, the other is a renowned thief and criminal who in less then 18months plunged his citizens into poverty and pain while looting the country dry.

Quote and Amadioha go kee you.

Zombie

Forumites:
Yeah! They actually look like your mom.

Well said