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Shekau |
Thundafireseun:We have seen how those who, by your estimation, are fit to be the president of Nigeria have run the country's economy aground in just a couple of months, inflicting great famine, hunger, and starvation on the nation |
The fact that Cardoso is making this statement is all the more reason to 'Japa' |
Governor Babagana Zulum of Borno State has voiced the North’s opposition to President Bola Tinubu’s Tax Reforms Bill currently before the National Assembly. In an interview on BBC News Hausa, which was posted on X, Zulum stressed that the North will not be party to the proposed legislation. He emphasized the detrimental effects the bill would have on the North and other regions in the country. Zulum warned that the tax reforms would lead to economic decline, hunger, poverty, and insecurity, especially in the northern region. The governor also questioned the rush by the National Assembly to ensure swift passage of the bill, contrasting it with the prolonged delay of the Petroleum Bill in the National Assembly. Expressing further concerns on affordability and sustainability, he says, “Our agitation is that we know if passed into law, we will not be able to pay and if, we pay once, the next year, it will become trouble because we won’t be able to pay again. “Let’s not create problems and leave them behind for our future generations.” According to him, Lagos State has also expressed concerns about the bill, citing potential economic difficulties thereby underscoring the widespread concern across regional lines. The governor appealed to President Ahmed Tinubu to intervene, citing the North’s significant contribution of about 60 percent votes to his presidential victory. Zulum urged Tinubu to consider the region’s concerns with compassion. “We believe this Bill, if passed into Law will completely destroy or kill the North as a whole. We are calling on all relevant stakeholders including President Ahmed Bola Tinubu to raise up and look into this matter. “It will not only affect the North, but the Eastern and Western even the South-South regions. States like Oyo, Ekiti, Ondo will have problems too. They are equally saying it will also take Lagos State backward and if that’s the case, we all don’t want Lagos to go backward. “Therefore, let’s leave things the way they are currently.” Addressing members of the National Assembly, Zulum said, “Do not betray the trust of your constituents by passing the bill. Opposing the bill does not imply opposition to the government but rather a commitment to protecting regional interests. “My position is that we should all be careful, we have families, grand children, brothers, sisters in our communities, our states to look out for.” “Therefore, whatsoever that will not favour the North, our states – we – the Northern Governors – have met and discussed our position on it and will not be party to this Bill. “The President should stop listening to comments that those from the North hated him. Let us be careful, no one should be deceived. This is politics, we voted him, this issue of tax will not remove us from our positions,” Zulum insisted. Recall the Presidency, through the Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, had explained that the Tax Reform Bills before the National Assembly are critical to improving the lives of Nigerians and were not proposed by Tinubu to undermine any part of the country. https://dailypost.ng/2024/11/29/north-will-not-be-party-to-tinubus-tax-reform-bills-borno-gov-zulum/ |
Na data and statistics we go chop |
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EmperorCaesar:Just the same hate and betrayal that Tinubu exhibited toward Abiola.
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EmperorCaesar: |
The Labour Party presidential flag bearer in the 2023 general elections, Peter Obi, will, on Saturday, deliver the convocation lecture of American University of Nigeria (AUN), Yola, as the institution clocks 20.https://www.vanguardngr.com/2024/11/obi-delivers-convocation-lecture-as-atikus-american-university-clocks-20/
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Wike is a notorious drunkard |
madridguy:Valid question |
God bless Fubara and the people of Rivers state |
Zooposki:Good morning |
It's obvious that the French president is being misled into believing that Tinubu transformed Lagos State. Macron is believing in a well-oiled propaganda media campaign about Tinubu transforming Lagos State, which has since been discovered to be a lie from the pit of hell, mistakenly taking it to be true. Macron needs to be told that Tinubu is arguably the worst governor Lagos State has ever had. He left a legacy of thuggery, hoodlums, and state graft, siphoning the entire wealth of Lagosians for over two decades and counting by building a blueprint conduit pipe from the coffers of Lagos State's treasury to his personal pocket. Macron needs to be told the truth. He is still believing a lie that has since been discarded |
helinues:Are Tinubu's 'bolekaja' economic policy prescriptions making you happy? Please be honest |
Tinubu is in France for himself and himself alone. Nigeria has absolutely nothing to gain from his trip to France. |
odejimioflagos:No one is threatened |
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Wike, through the support of Tinubu, has become Rivers State's enemy number one. |
alanto:The America you are referring to didn't become what it is today by electing a notorious narcotics trafficker, certificate forger, and buccaneering power grabber engaged in criminal state capture. |
This state visit has no significance to Nigeria. It is just one of those visits that Tinubu uses under its cover to visit French hospitals |
Wonders APC, a party internationally renowned for its failure, a specialist in failure, in fact, failure personified, has the audacity to call Adeleke a failure. Maybe failure has another meaning. |
NewHe:The thoughtless floating of the naira and the fuel price hike from below ₦200 per liter to over ₦1200 per liter, along with its attendant scarcity leading to exorbitant transport fares, high costs of basic food items, high costs of goods and services, and a soaring inflation rate, is what you are referring to as economic reforms. These are not economic reforms; they are wicked and draconian policies masquerading as reforms, unleashed to inflict premium pain and untold hardships on Nigerians. Know this and find peace. |
tundegan:Says a notorious bot |
Did he also tell Macron that hunger and starvation were inflicted on the nation by him through his 'bolekaja' economic policy prescriptions? |
Starboytwo:It crumbled before it began |
It was an orchestrated propaganda |
France has gained more from Tinubu's medical tourism trips to their country, and the French president must be wondering, 'What kind of president is this, who couldn't build a world-class hospital in his own country, both as a governor and now as president? |
“There are three kinds of lies: Lies, Damned Lies, and Statistics.” — Mark Twain (1835-1910). Please note that Mark Twain himself attributed it to former British Prime Minister Benjamin Disraeli (1804-1881) LAST Monday, the National Bureau of Statistics, NBS, released a report on the National Gross Domestic Product for Q1 2024, that is, the first three months of this year. On its website, NBS gave the following overview: Nigeria’s Gross Domestic Product (GDP) grew by 2.98% (year-on-year) in real terms in the first quarter of 2024. This growth rate is higher than the 2.31% recorded in the first quarter of 2023 and lower than the fourth quarter of 2023 growth of 3.46%. The performance of the GDP in the first quarter of 2024 was driven mainly by the Services sector, which recorded a growth of 4.32% and contributed 58.04% to the aggregate GDP. The agriculture sector grew by 0.18%, from the growth of -0.90% recorded in the first quarter of 2023. The growth of the industry sector was 2.19%, an improvement from 0.31% recorded in the first quarter of 2023. In terms of share of the GDP, the services sector contributed more to the aggregate GDP in the first quarter of 2024 compared to the corresponding quarter of 2023. The high points of the NBS report, which elicited reactions indicated GDP growth for third quarter of 2024 as 3.46 per cent and Unemployment rate for the same quarter as 5.0 per cent. Naturally, a population of people looking for anything to brighten their otherwise gloomy experience, which persisted for the eight years of the Buhari administration, but worsened since May 29, 2023 should heave a sigh of relief that things are getting on the mend. But not so fast, as many stakeholders opted to take the report with a pinch of salt, and in fact began to query the veracity of the report. An interesting reaction came from one of the political organisations in the country. Really, politicians generally do not make statements about the economy here, preferring to wheel and deal behind the scenes to cut their unfair share of the proverbial national cake. So, it was quite interesting that the Conference of United Political Parties, CUPP, opted to react to the NBS report. Its National Secretary, Chief Peter Ameh, said in a statement in Abuja, that: “The NBS recently announced that the country’s GDP grew by 3.46 per cent in the third quarter of 2024. At first glance, this may seem like a positive development, but the reality on the ground tells a different story. “The widespread hunger, starvation, unemployment, inflation, and crumbling infrastructure paint a picture of a nation in distress. It is alarming to see the stark contrast between the reported GDP growth and the harsh economic realities faced by Nigerians.” That’s Take One. Take 2: The umbrella body of employers in the country, the Nigeria Employers Consultative Association, NECA, was equally not enamoured of the report, and in fact advised NBS to be more inclusive when it comes to national survey participation and involve more private sector players. NECA’s D-G, Adewale Smatt-Oyerinde said: “Typically, economic growth is expected to drive job creation. However, despite a 3.42 per cent GDP growth, unemployment has paradoxically risen to 5.0 per cent, rather than declining as anticipated. The operating environment is still fraught with innumerable challenges, ranging from regulatory, tax, infrastructure gap, including high energy cost, inflation, declined sales revenue, insecurity and negative effect of capital flight, “japa syndrome” and many more. The two commentaries cited above are enough to call to question the integrity of the NBS Report. It is also interesting that this is one NBS Report that the Presidency decided to celebrate. A presidential spokesman, Mr Sunday Dare, in a statement made available to newsmen said that: “The 3.46 per cent growth indicates Nigeria is recovering from the reforms’ unintended effects. “President Tinubu said his administration has not and will never forget his promise of a $1 trillion economy by 2030. He assured that once the economy is rebased by early 2025 to capture its dynamism and record significant changes that have occurred in different sectors, the country will be on its way to shared prosperity.” The statement explained that the latest GDP growth in the third quarter was driven by key sectors such as Agriculture, Transport, Education, Health, Real Estate, Finance and Insurance, ICT, Trade, and Manufacturing. “This performance once again shows that the reforms embarked upon by the Tinubu administration to reposition the economy and ensure better fiscal management are beginning to yield fruits,” Dare’s statement said. That the Presidency is celebrating the GDP growth figures indicates that the tune being played by the piper is coming from his paymaster. It is a shame that amidst the privations Nigerians are going through, we still can refuse to tell ourselves the truth. How did the Agriculture, Transport, Education, Health, Real Estate, Finance and Insurance, ICT, Trade, and Manufacturing sectors grow the GDP? It is now more important to query the metrics used by NBS in generating its report. How did the Transport sector help GDP growth with the current price of petrol and diesel? With hospitals nearly empty of healthcare professionals as a result of the Japa syndrome, and the high cost of medicaments because of the exchange rate, it is difficult to see how the Health sector could have grown. Same applies to Education, ICT, and Trade, all of which have been buffeted relentlessly by the exchange rate. As for the NBS, if it has decided to bow to political pressure in the discharge of its duties, then we have incubated and hatched a gigantic problem. When the economy is rebased next year, NBS should not expect us to believe what it tells us. Besides, data, reliable data in the modern world, is life, and a key tool used in making investment decisions. When the data is no longer reliable, the investors have no template to work with and may not come. Real, unintended trouble is here. I advise NBS to go back to reality when next it releases its report, not because we like to read bad things about our country, but just that we know exactly where the shoe is pinching at all times. https://www.vanguardngr.com/2024/11/gdp-growth-report-whose-figures-by-adekunle-adekoya/#google_vignette |
•Solicits more investment in food security, sold minerals, others President Bola Tinubu, yestersday, at the prestigious Palais des L’Élysée, told France President, Emmanuel Macron, that a starved nation will not care about weather or environment, and that in the 21st century no child should go to bed hungry.https://www.vanguardngr.com/2024/11/tinubu-to-macron-a-starved-nation-wont-care-about-weather-environment-2/
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