₦airaland Forum

I don’t really understand. No civilized country will watch their country been destroyed beyond redemption.? How long will Nigerians allow tinubu to reck down the country? When will Nigerians speak out with the mantra “enough is enough”?

APC destroyed Nigeria

Mobil 2000 5W-30

Tinubu really messed up with this country economy. Oil that was selling 8k by this time last year is now selling 31k

I bought it N19500 February only for me to go there now and i was told 31k what’s really happening?

He was handsome then compared to now.

Landing cost of 100 naira during Jonathan how it ends up at 1000 under tinubu?

When tinubu remove subsidy in totality NNPC said landing cost have move to 500 from 250. Tinubu remove it completely. Ok fine within 7-8 months they told us landing cost is 1200 again and Tinubu is still paying subsidy. Who is fooling who.

Reason there is no fuel is because tinubu is owning subsidy to NNPC. Hence no more supply. Filling station are only selling old stock.

The same thing with power generation. Tinubu is owning gas company reasons theu increase electricity for band a

Garri is the only stable food that requires power to be processed.

Fufu is much cheaper because it doesn’t require power. The cost of generator and it maintenance increases in 3 folds. Cost of diesel and fuel. Cost of gas, kerosene and firewood will shock you. Just too many to name a few. The cassava are transported in large numbers to and fro to processing plant. We shouldn’t act like we don’t know the cost of transporting and general inflation in the country. Frying of garri is labor intensive and burns alot of gas or firewood. The price of firewood now you will cry.

If other food stuffs like yam, rice, beans price increases. Then what would you expect from garri?

nairalanda1:
Landing cost of fuel has been over N1000 for several months now(it reached N720 in october 2023, N1000 In Jan this year). That means a subsidy of N300-500 is being paid per liter of fuel.

What happens is that when the cost of subsidy gets too much, government reduces the amount of money spent on subsidy which manifests as a price increase in petrol

IN 2012, fuel was N65 while landing cost was N99. GOvernment increased prices to N97, meaning the difference between pump price and landing cost went to N2 from N34 and thus subsidy costs fell a bit.

IN 2015, fuel was N87, Landing cost was N132. Government increased prices at pump to N145 meaning that the difference went from N55 to zero naira.

And so on.

you are speaking jargons. Subsidy was removed. It was floating of the dollar that increases landing cost. It all shows apc was a failure.

Tinubu destroyed the country economy before appointing cabinets. They are all helpless right now because money is not reaching them.

nairalanda1:
Nigeria has not removed subsidy.

why rid the fuel moved from 180 to 700?

Why cant the government have their own farms. They can partner or rent the farm to individual to manage it. Giving them target of what to spect from harvest.

nairalanda1:
Why not fight corruption, remove subsides and industrialize?

Keeping subsides, means more debt, which means more burden for the poor. Remove subsides, and there is a chance of investment and jobs , which benefit...the poor.

how far has Nigerians fair since the subsidy removal? Is bat not borrowing? Where is the money save from subsidy? Where are the investment?

pafun:
You sound like a gay man. Surely better than what you offer your own sexval partners

can you read the topic again slowly? What bring gay into this.

ComeToJesus:
Army should arrest those ones also that are in the mammy market of Ojo Army Barracks.

This was a job well done.. Some Ibo people will do anything for money even if it means corrupting your kidney with fake drinks.
.why can't they channel their expertise and creativity into producing NAFDAC registered and approved products.

But who estimated those poison to be up to 50 million?

do you know how much is hennesy? If he had other expensive wine in great numbers it will reach 50m

Lol. And I bought Eagle gin yesterday.

Only broke men.

Its hard and difficult for rich men. Even women will do the same if they are rich.

That amount will build a steel company from scratch. What would they want to revives old technology when the amount can build new latest one with modern technology.

If penis have mouths to speak out they would have fight back and abuse the brain. The smelling holes they find themselves every time

Loud noise and they raise voice when talking.

A white man can be arguing in the next apartment and you won’t hear much. But when Nigerians are arguing the whole building will hear noise.

The evolution might be due to the climate. Cold weather over there and heat in Africa or the noise pollution in Nigeria which make us talk loudly in other to hear one another.

Rubber stamp reps. They are playing hide and seek. Maybe after meeting with tinubu they will change tune after widening the tax net. Imf and world bank needs to go somewhere else with their stupid loans. Loans have not really help ilus in anyway but more money to steal.

If you are transacting business with 10m. The business partner will ask for cash or you pay additional 50k for the cyber security levy. Only someone with shady wealth or fraudsters will comfortably pay additional 50k for 10m transfer. Anyone with hard earn money will resist paying 0.5% from business capital just like that..


This will further discourage banking and cause cash crunch like last year where people hoarding millions at homes and leading to inflation. Alot of banks might run out of business

Is the levy an insurance or what?

Nigeria needs to understand.

In as much as the idea is good. But i think the charges are way too high. For a business transaction of 10m just imagine 50k will be cut from it. That way too ridiculous.

People will start keep cash. If you are buy a car of 10m the car dealer will include 50k to the 10m or otherwise ask for cash.

Back in those days we use cash to buy car. But today its done electronically. And with this policy will might find ourselves cash crushed. Like last year. As everyone is storing cash and needed cash than transfer.

There should be a fix cyber security like 5h for any transaction above 100k, 1k for any transactions above 200k and 2k for any transactions above 2m.

This policy will crumble some banks. And its ill though out policy.

Mixing commercial bread with hands and sweats in this 21st century is only tell of backwardness

I think the world bank has a hand on this. Unfavorable policy for just a chicken loan

Them use loan swear for Nigeria?

Subsidy was removed because this government don’t want to take loans…bla bla bla

He speaks without fact. How low can Reno go further before they remember to give him appointment?

No justification of the cyber security. From my understanding It will raise inflation instead.

The cbn have not come out openly to tell Nigerians what the cyber security is all about? Is this some form of insurance? If they lost their money to fraud by transfer will the cyber security thing pay cover them by pay back their money? What is this cyber security thing and why is Nigeria paying it? Is it to stabilize the naira to dollar? Why is reno talking about stabilizing the naira? Is reno now the spokesperson of the government?

What if after paying and people still fall Victim to frauds or the naira didn’t stabilize? Who will Nigerians hold responsible? The problem we are facing in this country is lack of accountability. Government issues out anyhow policy, try and error. Because there are to accountability they really don’t care. No one is holding anyone responsible, no one is paying for it. You can’t just make policies that destroyed a country economy and still remain there in a proper democracy in it free and true functions.

jumper524:
I encourage govt to hyper tax the fake wine buyers instead.
why would a sane person cough out 1 million plus for a drink?
the purpose is to show off and govt should exploit those people.
you carry 1 million dash oyinbo for ordinary liquid because you wan show off .
God bless the producers of the fake ones, we can't keep dashing millions to one white man in the name of brand.

what is the sense in it to drink a fake wine? Its not the real thing so why should anyone buy a fake wine?

fuckJones:
because we are rich,
how much is $2800?
did the company worth more than dangote refinery?

their brand is exclusive and limited. They don’t mass produce because its too expensive. Even the rich people that can afford it are so low. So its just the market they target?

But its now a child play in Nigeria

This country matter tire everybody. Probably imported from china.

What is the government doing concerning all the fake wine in the markets?

The trending wine right now Azul. the manufacturing company said Only 100 bottles are released each year. But they are hundreds of thousands of Azul in Nigeria.

If only 100 bottles of azul is released each year. And probably Nigeria is not even included among the top countries where its been ship to. But thousands of azul already in Nigeria.

If you are prudent with your spending and don’t spend recklessly the Nigerian female gander will say you don’t love them enough, or they will say you are too stingy.

How is it a norm that a guy needs to throw money at his babe and she needs validation from her friends to show to them all the things he have bought for her before they can admit or accept she has a boyfriend?.

Why girls always look at their gain in a relationship? It might explain the simple Reason why many men run after the finish banging. Because should relationship is not sustainable.

Cyber security charges. Thats very huge. Imagine paying 50k for 10m transfer.

Imagine losing such amount of business money.

It look like landlord want to increase rent.