₦airaland Forum

Hammylawali:
What regulations are talking about, because you’re sounding like an illiterate if you don’t know. The same regulations that apply to the aviation industry but they decided to make you people cry by increasing air fares?. Regulations is one thing, a deregulated industry is another. Learn to understand something before speaking next time.

So what are these agencies existing for ?

You might just be referring to yourself...

lawani:
I am using AI too and market rate for dollar in 2023 was 700 while government rate was around 500. Did your AI tell you anything different?
Bottom line is there no state whose budget has not increased substantially in dollar value since 2023. That is the point I am making. Osun was 200 million dollars in 2023 and 500 million dollars in 2026 if we use 500 to one dollar in 2023 and 1500 to one dollar in 2026. If we used the market rate for dollar in 2023 then the gap will even be wider. That is the point.

Kano's budget 2023 350 billion which is around 700 million dollars if exchange rate is 500
Kano's 2026 budget is 1.47 trillion which is around one billion dollars today at exchange rate of 1500

Show me the screenshot like I am doing..... I didn't bother reading the rest of your comment...

lawani:
If I use 700 that was the rate in the open market then Rivers budget will only be some hundreds of millions of dollars and not close to one billion dollars but I closed it at one billion dollars using 500. You were wrong about Rivers 2026 budget. It is 1.8 trillion and not 1.4 trillion and that is like 1.3 billion dollars. Then Rivers state is not a state that depends on allocations. They have always had IGR. Use a state with insignificant igr

I won't respond to you if you don't show me working calculations with verifiable exchange rates sources, you can't be throwing claims without evidence...

lawani:
550 billion was not more than 1 billion dollars back then. There was even a dual exchange rate and the economy was a mess because of that. In 2023 most people could change dollars for around 700. Only government connected people got around 500. If we use 700 exchange rate which was the market rate then the budget was much smaller
Rivers might be doing something wrong but they still moved from under one billion dollars to like 1.2 billion dollars or thereabout which is an increase. Show me one state that experienced a decrease in the dollar value of the budget. Let's even use 500 for 2023 despite that the market rate was 700


Rivers state budget in 2026 is 1.8 trillion and that is over 1.2 billion dollars. The figure you quoted is wrong

Why not do your own calculation and show me to prove your point?

Use verifiable calculations like I am doing to drive your point, stop using your own exchange rates that are not verifiable, I am using AI with verifiable links for my calculations, do the same...

Because I can equally stop using AI with verifiable links and start dishing out my own exchange rates to my favour...

PulaPower:
Mtchew..

The guy I responded to said that Jonathan brought in Pos into Nigeria which is not true..

Pos has been in the Nigeria system before Jona even become Bayelsa governor..

But it was during his time POS withdrawal started, it was actually the CBN under his government that implemented it, it is written there in the article I sent to you...

lawani:
Can you point out any state in Nigeria that is not doing 250 percent of it's 2023 budget by dollar value in 2026? I doubt there is any. Different governors have different plans and that is why I mentioned the Enugu governor. Enugu maybe doing up to 500 percent if not more of the dollar value of it's 2023 budget

I've decided to reply you so that you can see for yourself that your analysis is wrong if you stake it only on budget...

This is Rivers state budget for 2023 by Wike, 550 billion naira converted to dollars was 1.34 billion dollars, I used 2022 exchange rate because I didn't want the exchange rate to clash with Tinubu's exchange rate in 2023 and the budget was passed in 2022 for 2023.

Now in 2025 using Tinubu's exchange rate Rivers state passed a budget of 1.4 trillion and after conversion to dollar is 966 million dollars, you see why I told you that Tinubu's allocation did not increase in any value, infact it decreased....


And if you use state budgeting as a yardstick you would not get the actual value, because state governors differ in planning,

What you should be looking at is FAAC allocation value sent to the states in dollars which I have also shown you the calculations that it decreased in value due to the naira devaluation...

So what exactly has Tinubu improved?

PulaPower:
https://www./evolution-pos-business-nigeria-quazim-ogungbayi-mict-pmp-gzzof

The way you people lie, there is a difference between POS and POS cash withdrawal, the problem with you people, you people hate being detailed because you want to manipulate information and lie.....

phemray:
The simple research shows that anyone who believes Tinubu is not doing well in economic management and building future prosperity of the nation has NO knowledge of how wealth is being built, hence they are poor in reasoning and wanted everything free from government.

How do you want me to take this your statement seriously, when you people including Tinubu said the same thing for Buhari for 8 years but today we all know better...

So asking for good governance now means trying to collect free things for government?

What then were you blaming Jonathan for during his time, where you people also asking for free things?

If I ever thought I will see Yorubas from this perspective, I would have never believed it in the past..

lawani:
The 138 billion naira in Osun was also funded from different sources just like the 740 billion, so it cancels out. The main source of income for Osun is federal allocations. Leave Osun and research other states and it will be the same thing

You cannot rule out different governors with different plannings and strategies for budgeting...

PulaPower:
Una too dey lie sha. I wonder wetin be the diff between una and politicians..

Pos started in Nigeria in the year 2000s.

No wonder you dey support Liar-nus Obuko

Which POS where you going to in the 2000s?

The way you people lie...

Lie with so much confidence and arrogance...


POS for cash withdrawal?

What exactly is wrong with you people?

I graduated from university in 2010, there was nothing like POS withdrawal anywhere in Nigeria even at that time, you guys just lie anyhow destroying the country...

lawani:
I don't know what you are talking about
In 2023 Osun budget was like 138 billion naira which will be like say 200 million dollars then. I am not sure of the exchange rate. In 2026 the budget is like 740 billion naira which is like 500 million dollars now. Osun is not doing any significant igr. If you go to Enugu that does igr the difference will be far more pronounced

Governors differ when it comes to budget, do you know all the sources of the funding of the budget? do you know if loans will cover a lot?

same with presidents...

Lanretoye:
if you can’t live with tinubu regime,may be you should die

For speaking the truth? No...

You will keep hearing the truth...

lawani:
However if we use dollar value as you said and dollar value has taken care of inflation then allocations to states has almost doubled between 2023 and 2026.

I have explained this here before, go back and read it, follow up with those who brought their arguments like you and and my responses back to them...

https://www.nairaland.com/8541817/faac-which-state-received-highest#137158921

franchasofficia:
God bless your wisdom

Amen, thank, you.

Lanretoye:
but what happened to the house you and the cars you bought for 7.2 m in 2012?,it has lesser value now…oga go and find something to do,there is no where in the world that value will remain constant,not even your age.

Chai, see how someone is sounding because of tribalism, it is in Tinubu's regime I knew that tribalism can make intelligence, smartness, logic, education and so on useless, even a professor can start behaving and acting irrational because of tribalism...

yemre:
You should have read further to where it talks about price control rather than just copy the part that appears to support your narrative. This your post is half information.

The government input in the prices now is in the areas of taxes and general revenue to the government, unlike before that the government will fix prices.

It's always good to read well and digest before interpreting and forming opinions on issues that's as sensitive as this.

Why don't you post the full information and prove me wrong, you are now changing goal post, initially you claimed government does not regulate price again, post the full information, and if the government can control the prices through taxes and the revenue like you claim, why are they not intervening?

Are you saying that the agencies the government is spending billions to run every year as price control agencies is useless to the citizens?

Arutan:
You think if China were having citizens like you and the rest of us here they will be anywhere near being a world power today? China had citizens that are busy in Engineering, Sciences, Economics and working hard to earn forex into their country during the period of hard economic challenges. They never utter statements to run down their own country and expect it to be great at same time. China went through very long years of economic challenges, inflation ,poverty, and eventual economic growth path. They never clamored for subsidy, they performed their own duty as citizens and not busy patronizing foreign goods to the detriment of their own local industries. Everyone/every household in China were virtually manufacturing one item or the other to kickstart the growth we see them enjoy today. They were not busy doing the opposite. The citizens strongly believed in their own country to prosper and the country did eventually prosper them. Leaders come and leaders go. Every leader is for a time and purpose. Don’t let us start all these wrong mentality this 2026. The country has been badly structured since we abandoned regionalism to embrace federalism/ presidential system of government. This must be corrected or else it will remain difficult for any microeconomic impact to be felt no matter who is the president.
Lots of policies are very wrongly applied and it is our hope they can be corrected not completely thrown away as this could lead to a complete waste of fund.

As usual, try to gaslight Nigerians, the same Nigerians travel abroad and beat them hands down in the things you listed here but to you the citizens are the problem, the leaders are doing their best, always trying to flip logic over its head supporting nonsense because of tribal support, I have replied on of your type this morning who wrote almost exactly what you wrote here, how you people think in one destructive irrational direction is what is destroying the country...

When would your leaders pass death penalty for themselves for looting public funds like China leaders did to encourage their citizens to endure and believe all the sacrifices they are making will yield good results?

Is that what Tinubu is doing ?

You people just come and try to flip logic over its head and support nonsense just because of tribal support, even the made in Nigeria has Tinubu patronized anyone like the Chinese leaders did to encourage their citizens to do the same?

Even for medicals, Tinubu runs abroad....

You people want Nigerians to sacrifice like citizens of foreign countries but don't want the leaders to do the same....

What then is leadership about?

Is Tinubu leading Nigerians by example?

You people just come and be talking nonsense because he is your tribes man, even Abacha as bad as he was patronized Nigeria more than Tinubu, not somebody told me, I witnessed it, you people just come and be supporting nonsense and destroying the country because of tribal support...
https://www.nairaland.com/8592478/watch-back-trump-warns-colombian/5#138010853

yemre:
Oga, are you in this country at all? Do you even know the meaning of deregulation? If you don't know something, you calm down, listen and learn.

The downstream is completely deregulated. So marketers and depot operators are free to fix their prices without the government intervention. That's the reason Dangote refinery has been playing ping-pong with the marketers because he refines his products and is able to toy with the importers that have other bills like shipping and logistics to deal with.

As it stands, if Dangote refuses to raise his own prices, you will see these same depots bring down their prices in the coming week because this would make the marketers buying from them to switch to Dangote and the depots will start losing business. Besides, it means more crowd for MRS and other outlets marketing Dangote's products.

You people just come out and be talking sha

lawani:
However if we use dollar value as you said and dollar value has taken care of inflation then allocations to states has almost doubled between 2023 and 2026.

You are not being realistic with your statement, how did the dollar value take care of inflation?

lawani:
Don't use 2012. Use Buhari time and today

That is what I am telling you, I only used that as an example, From Buhari's time check the prices of goods and services, I deal on cars, all the cars we were selling as low as 700k in Buhari's time now go for as much as 3 million naira some even close to 4 million.

lawani:
I don't think you are correct. Osun budget in 2023 was 138 billion. In 2026 it is about 740 or so billion and Osun is not doing any significant igr. Naira has only devalued from 500 to 1500 and the budget should have increased by only 300 percent

That's because you did not also factor in inflation, let me just give you a simply example, my friend in 2013 bought a brand new 2013 Toyota Camry for 7.2m today in 2025, 70 million cannot buy you the same brand new of the same Toyota Camry...

The inflation that has taken place under Tinubu in reality is over 400%, but I know you may want to argue...

Lanretoye:
you are right,the states are still struggling to pay salaries ,the states were paying the same minimum wage they were paying under Jonathan,the states were able to fund security outfits like amotekun and the likes too,continue with your scientific calculator.
The state has not still been able to credit you monthly for doing nothing so nothing has changed

You people will just come and be talking nonsense, 7.2m in 2012 has more value than 70 million in 2025, what does that tell you?

lawani:
Yes devaluation is a factor but without devaluation the allocations still increased. In Osun state the LG allocation was seized and there was no issue at all despite that salaries more than doubled. If you did your calculations very well you will find out allocations substantially increased. The governors have more money now for development. However the money is still not enough

I have done the calculation even up to 1999 under OBJ, the value did not increase under Tinubu, it even dropped....

When doing the calculation , use the value of dollar...

DMCA:
Wailers go come here come blame tinubu as if him be private depot

No, because private depot operate without government regulation and intervention, they are sovereign entities abi?

DMCA:
hope say no be mud dey ur brain?

It is not any mud, why do you think Tinubu wrote off over 7 trillion for NNPC?

budaatum:
Are you asking that we create some fake conspiracy to support your unsubstantiated claim, or will you provide evidence to substantiate your own claim?

This is not fake conspiracy, you [people hate being detailed and face reality...

Naira devaluation is the cause...

ki02020:
Abegiii

Stop this misinformation jare
Subsidy was not removed abi
How come the allocations to your states government increased with such margins

Naira devaluation, I have done the caluculation here different times, the allocation Buhari gave to states is still higher in value than what Tinubu is giving them now same with Jonathan

Sannisege:
Abeg count me out of mediocrity. Asiwaju Tinubu is now in fully and total control of Nigeria’s political landscape. God has bestowed upon him the powers and intellect to decides who gets what within the political landscape.

While he destroys the country in return with support from people like you because that's just what you people care about...

Mirasteel:
Is Trump a good leader himself?

He is patriotic to his country, can you say the same about Tinubu?

Vision101:
If Chinese development had come today America wouldn't have allowed it. They don't want any country to rise. China bluffed America back then. America would have balkanized them if it had happened now.

Meanwhile little denial of old comfort to lay good foundation for our growth and Nigerians are shouting. Chinese were using bicycles when you were using cars because of free petrodollar. They produced and used inferior goods. They came here operated factories and some of them lived in factory premises like slaves and we called them kora. We were living false life because of petrodollar. Today how market.

When would your leaders pass death penalty for themselves for looting public funds like China leaders did to encourage their citizens to endure and believe all the sacrifices they are making will yield good results?

Is that what Tinubu is doing ?

You people just come and try to flip logic over its head and support nonsense just because of tribal support, even the made in Nigeria has Tinubu patronized anyone like the Chinese leaders did to encourage their citizens to do the same?

Even for medicals, Tinubu runs abroad....

You people want Nigerians to sacrifice like citizens of foreign countries but don't want the leaders to do the same....

What then is leadership about?

Is Tinubu leading Nigerians by example?

You people just come and be talking nonsense because he is your tribes man, even Abacha as bad as he was patronized Nigeria more than Tinubu, not somebody told me, I witnessed it, you people just come and be supporting nonsense and destroying the country because of tribal support...

[quote author=jogojogo post=138009531][/quote]If that's what speaking the truth means to you, that's your problem, not mine...

honor4me:
And such a leader should be you or Obi? Right?

It could also be Osinbajo you people also rejected for Tinubu...