₦airaland Forum

With our litany of injuries, ETH is still quarreling with the few players we have left.

Indeed, a bald head is not equivalent to wisdom. Ajax should come and collect their low-budget Pep Guardiola back abeg, make we rest!

Larryndelaw:
All these useless people disturbing the peace of the nation. They are fighting for their minute members which is not up to a local govt in Nigeria

This one's brain is just in his coconut head to occupy space..😂.

How can a mature Nigerian youth posit that NLC and TUC members are not up to the population of a local government area? Somebody should tell this clown that civil servants are not the only components of those unions abeg!

Numerouno94:
U no want make civil servants collect salary first abi?

Okay okay, na true! Make them collect first!

CeeC has always been a dunce. How she got that law degree, goes to bear testament to the societal rot that has morphed into our educational system.

siofragspot:
Dog nor dey chop dog.

You get mind dey report one thief to another thief

Ps- Sue the police of abuse of rights

You sef you funny.

Sue Nigerian Police for which courts?

Greatlee54:
At least she is a mother with a heart

And Bakare is a father with a heart, just as well. So what gives?!

Amy17:
I tire o! , I don't understand this your personal beef with Tonto, why are you calling her a slut when she's only saying the truth. If someone else call your sister slut, you go like am? Stop calling tonto negative names.

But she a hoe! A toxic one at that.

Thomasankara:
[/color]that might be Tonto Dike Incognito[color=#770077]😆😆😆

I very much doubt that. Just an anxious female looking to stand up for another.

YoshihideSuga:
In his defence, I say, the Nigerian economy defies rational economic theories.

In your defence, I quite agree.

ubee:
In what part of the body is the oesophagus located?
When your mates were paying attention in Biology class back in the days, your mind was drifting in other thoughts. smh

I'm pretty certain he knows the oesophagus is not located at the back of the neck😂. Nigga was just cruising.

😂.

Girl in the first photo doesn't even know she's playing "kpan-golo" with paralysis at a later age.

Look who's talking!

A week from today.

E too far na!

LikeAking:
This your question eh..

Manufacturers of foreign products shamelessly call their brands luxury brand.. Eg Rolls Royce, Lamborghini, private jets, them many..

Secondly the prices are also their to give the luxury products away… Is G wagon not a luxury? Even Benz no fit deny am..

A good example of luxury phones is this new expensive “ Open and close smart phones”..

Any car above 50 million is luxury..

Dem plenty..

Out of approximately 220 million Nigerians, people who can comfortably afford those things you listed are not up to 5,000. Yet you somehow believe their luxurious inclinations are significant enough to have impacts on our forex economy..😂?

I detest intellectually boring women. I'll simply ignore your presence to the point you'll feel you're dating yourself.

I'll never trade words with you over your misdemeanours. Again, I'll ignore you and your drama.

I don't go to church and I drink in the comfort of my bedroom. If any of that makes you uncomfortable, go and complain to your pastor, cause I'm literally not the kind of man you can fine-tune away from those habits.

Godmind2022:
Likes support likes. We shouldn't be surprised 🤨

You're right. There's no basis for surprise(s), as "likes support likes".

LikeAking:
Tell me what’s wrong with my last paragraph..

Criticise my last paragraph it constructively If you have the IQ to do so..

Stop playing all these your mind games and trickery.. You are trying to be smart…

Drop some points..

I know them all…

You're calling for restrictions on the importation of "luxury items" and the drastic reduction of forex for foreign educational needs..😂.

Please, what qualifies as "luxury items", going by your standards?

tishbite42:
Chai
Is there any personal issue between you and the Tontolet😂😂😂😂

Not at all, bro.

Orinechi:
Cos he didn't speak ur mind. Freedom of speech advocate. Hahahaha

That's the point. He didn't have to speak my mind or the minds of other users.

As a moderator, he has no business taking sides on issues. It blatantly exposes his bias, which robs him of the needed efficiency and credibility to administer the duties for which he's being paid.

LikeAking:
Na you no know jack..

Na the notes dem Dey use by the dollars?

Too much money is circulation is not hard notes only…

Secondly those useless monetary solutions proposed by the IMF guy are all noneSense.

It will create more and more problems..

The only solution is to regulate the areas consuming the dollars, like importation of luxury, expensive goods & services. A good example is foreign education and japaing.

Lol.
Your last paragraph just showed me the futility of engaging you any further.

nairalanda1:
I am old enough to remember when GSM came to Nigeria. Tarrifs were sky high and service was bad...and I mean bad.

At one point you could not use an MTN phone to call a ECONET phone. A sim cost as high as N10000 . Nothing like internet at all in the early days. Serivce was bad, very bad. And all for a very high price in those days.

But the heavy profits made enabled them to pay for improvements, which is why we have the things we have.Including home internet..

Power sector has been suffering price controls. At one point, Buhari did not let them raise prices for 2 years. And the price they charge is way below what they actually need. Four of them are now under the control of the banks..ie the discos...all because they were not allowed to make a profit.

When you bring in price controls, bad service results.

Kaduna state used to run a chain of low cost shops. You bought products at a cheap price ...cheaper than even the market. And it collaped in a few years because at the end it was not sustainable.

Anyway, read my link. It would inform you better.

And anyway, where would you expect the power companies to get the money to make things better? Take a loan...which many have done and cannot pay back because...price controls inducing losses.

Price controls became necessary when it was obvious that the companies holding forte in the electricity industry were charging Nigerians for non-existent services. That's when the issue of partial subsidies (which you term price control) became an alternative.

If my recollections are exact, the GEJ Federal Government, wanting to reduce financial burdens on the masses, offered to "cap" tariffs at a rate that was to be reviewed by the NERC and the companies, then government will be paying the surplus, until such a time the companies could improve enough on generation and distribution to be able to justify hikes in tariffs. And that is rightly what any responsible government would have done.

But the energy companies woefully failed to improve electricity delivery while always seeking to push tariffs to cut-throat rates.

At no point in recent history did the Nigerian government stop electricity companies from increasing tariffs without stepping in to subsidise the deficit. These people are just thieves working in cahoots with dubious elites to squeeze the average Nigerian of resources while failing to facilitate improvements in their services.

3seriez:
Emefiele did not know Jack. Man was just using our economy for some trial and error economics.

This is even where you betrayed your ignorance.

When they say there's too much naira in the open market, it resonates with Emefiele's exact words that prompted the move to mop up liquid cash early this year.

Only problem is, his intentions were good, but his execution was flawed with political undertones. Buhari created the mess by ordering the printing of naira notes into the system, an advice that was birthed by his cabal. Somehow, Godwin Obaseki of Edo State got wind of it and raised the alarm, but it was termed "opposition politics". Then in Emefiele's bid to clean up his principal's mess, he got caught up in a political web that was his undoing.

He ended up being seen as a tool of political vendetta, when in actuality, the excessive cash in the Nigerian open market was putting pressure on the dollar. People with plenty money in hand, having known the value of the dollar, sought to convert the naira to the latter so they don't lose out, as the naira started to crumble. Where demand outweighs supply, inflation is inevitable. Even an average Nigerian with a basic knowledge of secondary school economics should know this.

nairalanda1:
No I am not, and you know it.

You are asking for cheap electricity. There is no such thing as cheap electricity.

And our government has been setting the prices of power in the country, which has made most of the power sector to operate at a loss.

Anyway, if you have time....

Read the below. It opened my eyes to a lot of things, though the process started in 2013. Our power sector's problems start from the fact that it is not allowed to set its prices, and the subsidy paid is scanty to meet its needs.

You don't have to read it , of course. It is not mandatory. But if you want to understand why I have thought the way I think for the past 10 years...yes before Bubu took over....read it.

https://www.pwc.com/ng/en/assets/pdf/solving-liquidity-crunch-nigerian-power.pdf

Look, if there's one thing I know about Nigerians, it's the fact that we have no qualms paying for services and commodities, so long as there's the guarantee of quality and commensurate quantity.

When Obasanjo deregulated the telecoms industry, Sim cards were even more expensive than small phones. My first MTN sim cost me 36K and I paid in two installments. Subsequently, patronage informed competitiveness to the point we're here today.

There's no single IPhone that has been produced that didn't find its way to the Nigerian markets in less than a month after release. And most of these end users have always been the middle class earners.

You cannot raise electricity tarrifs thrice in the space of three months without improving on service delivery, then be championing the course for compliance by Nigerians. It is wrong and fraudulent. Even in this Abuja, there's basically no week residents don't contend with power outages for at least an entire day.

You have to be a very poor businessman to set up a business that fails to meet the satisfaction of your customers, then wake up to increase your prices and still be crying about lack of patronage. That's madness!

Generate and distribute proper electricity to Nigerians, then watch and see if people will complain about hikes in tariffs. Do you have any idea how much SMEs in Nigeria burn annually to provide electricity for themselves just to keep their businesses afloat?

There's a deliberate sabotage in Nigeria's energy industry because a handful of elites are benefiting from the menace that is the importation of generators and we both know this. So stop trying to scapegoat the masses on this issue!

Luckysbab:
Your eye go clear. Chill.

Oga, take several seats at the back of the hall and let reasonable people find space for sane contributions!

ahnie:
I m putting on a white gown today

While I'm adorning a boxer in the comfort of my bedroom.

Do you now see the uselessness of your last response to me, in relation to the issue in discourse?

nairalanda1:
In other words, if you were running a (hypothetical) business selling bread that cost you N1000 to bake , you would sell that bread at N200 so that the poor can breathe after all.

Sadly, that's not how life works. Things cost money.

You're putting up very wrong comparative analysis, and that's always been my problem with you.

The foundation of electricity deregulation was faulty. The foundation of Tinubu's subsidy removal was faulty.

These are the core basics of this conversation, not the operational indices of individual businesses.

Luckysbab:
You will soon be fished out for treason. That your head wey no correct.

Fisherman of the Federal Republic of Nigeria, I greet you!

Donkey!

ahnie:
The way you guys slam negative tags on people is worrisome.

Nobody is slamming negative tags on Tonto Dikeh. She has always proudly worn her negativity and mannerlessness like royal cloaks of identification, so she's being addressed in like manner.

Don't seek to emotionally blackmail people over facts that have long been proven beyond doubts.

Dear Tonto Dikeh:

He who comes to equity must do so with clean hands.

You have no iota of moral standing to chastise someone else, mostly on the issue of promiscuity. You're a stark epitome of sexual indecency, a repulsive testament to feminine toxicity and the very representation of condemnable societal immorality.

It beggars laughter that a character of your classification can find words to call a man to societal judgement when your pants are hardly ever sitting on your waist to cover the putrid contents of your never-closing legs.

So on this issue, you're "he" who ought to be stoned, if Tunde Bakare is to be the comparative yardstick.

nairalanda1:
And you cannot get stable electricity without paying the appropriate price for it. Ditto micro economic stuff

But no, you go call me wicked for insisting power companies set their price, so that they can afford to make the needed improvements we need to have power supply.

Allow the business people do business, instead of widening our already bad deficit with subsidies because poor must breathe,

(Simple)

A big part of why we are broke is because we try to pretend essential services are cheap.

It is absolutely criminal and insensitive for Gencos and Discos to dwell on the consistent increase in consumer tariffs when the electricity being paid for is lacking in both quality and quantity.

I find it even more distasteful that the NERC has abysmally failed in its statutory obligation, following the deregulation of electricity in Nigeria, after about 15years. This is to further cement the fact that the privatisation drive was a deceitful initiative from the get-go.

Otherwise, how best can one explain the fact that the FG is still subsidising electricity years after liberalising the industry? Obasanjo privatised the telecoms industry and it did not take us above 4years to begin reaping the huge benefits.

So asking the Nigerian populace to continually stomach increase in electricity tariffs in the face of non-existent electricity, is tantamount to daylight robbery. The so-called deregulation should be holistically reviewed.

Nigerians are not beasts of burdens!

Lastmankc:
Why two of them come get white beards?

They're descendants of Santa Claus.

nairalanda1:
Zim is bankrupt as is Nigeria, SA is not far behind.

All because our economies are dependent on extractive resources, not on manufacturing and industries.

And you cannot boost manufacturing on an economic scale if you fail to address micro-economic foundations, one of which is stable electricity, followed by palatable policies meant to foster the ease of doing business.

We're just playing in this country. It's not as if the government lacks the requisite knowledge as regards the proper steps to be taken. They'll rather bask in profitable corruption practices, just to meet their sinister gains.