₦airaland Forum

yang:
Use debit card to make payments

Cash should be used only for little transactions

A central bank should have control of money supply to keep exchange rate reasonable

CBN policy is good all transactions should be done by Card via POS terminal or by bank transfer

This stops kidnapping and theft and also ensures tax compliance

Printing of excessive cash for circulation is evil

There is no place in the world where people can pay or withdraw millions over the counter, it's done by bank transfer for tax and money laundering reasons

How does controlling money supply keep exchange rate reasonable?

How is CBN policy is good and how can all transactions should be done by Card via POS terminal or by bank transfer? Going by this, How will children buy snacks in schools?

How is Printing of excessive cash for circulation is evil? Is making cash scarce good?

Is it the job of cbn to stop kidnapping and theft?

IbileIfe:
Dogara or Dongara should shut up.
What I have on Atiku is worse than all his childish and foolish defamation of the character of Asiwaju Bola Ahmed Tinubu.
If publish, it will rubbish and tarnish the presidential ambition of Atiku permanently.

Pls publish it

Buddha3:
I wasted my time engaging you from the start. I honestly thought you were among the few intelligent and objective users on this platform. You're clearly one of those who go out of their way to be irritating even when the circumstances don't call for it.

Enjoy the rest of your day!

I didn't ask you to waste your time. You chose to waste your by typing an epistle full of offpoints for very simple questions. For example, According to you..."And subsidy doesn't manage itself. Your fuel consumption determines it."

What is the correlation between "manage" and "determine"?

How much subsidy has been removed so far and how subsidy is left to be removed?

Does fuel subsidy control and manage itself?

LeoDeKing:
In summary:
[b][/b]

Which ethnic group is Onome?

Buddha3:
Lol.

I was going to be rude with this comment but I decided against it on second thoughts. I gave you detailed responses to both questions but you seem like one of those Nigerians who lack the patience to read and carefully digest contents. So I'll let your derogatory comment slide.

No disrespect intended, but your first question is outright dumb. No subsidy has been removed on petrol. You cannot remove subsidy in instalments, as long as you don't have a single functional refinery and the quantity of fuel used daily by Nigerians doesn't decrease but rather keeps being on the increase. Long as you keep importing, you'll keep paying subsidy claims and there's no partial removal. All of that nonsense Government keeps blabbing on the news about removing this or that at any point in time, is pure deceit.

And subsidy doesn't manage itself. Your fuel consumption determines it. Corruption inflates it. Government pays it. The entire dirty Nigerian system manages it, of which we're both a part of.

If you want to be rude, feel free. That's not my problem. Your "detailed explanation" is offpoint.

How much subsidy has been removed so far and how subsidy is left to be removed?

Does fuel subsidy control and manage itself?

According to you..."And subsidy doesn't manage itself. Your fuel consumption determines it."

What is the correlation between "manage" and "determine"?

Keyamo couldn't produce an intellectual rebuttal to Dogaras initial tweet he then decided to resort to name calling and emotional blackmail

jaxxy:
ask Jonathan why diezani wasn't prosecuted under him for years until buhari came in.

it's simple logic.

doesnt answer the questions. provide the facts by answering the questions.

1. Since 2019 till now, are you saying that buhari is still contesting that Tinubu can't be investigated and prosecuted?

2. How do you know that he was spared?

3. If you say what he did was a crime, why was he spared?

4. Who are the powers that be that spared him?

5. What are those loopholes in cbn policy and what policy are you referring?

6. If you say he committed a crime, why wasn't he perscuted when bullion vans came to his house?

7. What was the crime he committed by bringing bullion vans into his compound on eve of election?

8. who are "your people"?

Skty:
Lunatic

how does plate number factor into all of this?

Buddha3:
To be honest, I avoid having conversations of this nature on nairaland threads because the needed audience isn't available. I'll answer you now and a few others might get to read the comment, then I'll have to repeat myself on another occasion to another user, and that gets really tiring. Then again, it is what is!

1. Let me make it abundantly clear that Nigeria, as the second largest oil producing nation in Africa, had "absolutely" no business paying petrol subsidy from day one. The idea behind the entire scheme was Government telling you and I "Dear Nigerians, we have accepted our failure in setting up functional refineries to convert the natural resource we have buried in our grounds to fine products for your use. We apologise, and in order to make these fine products available for your daily use, we'll be exporting the natural resource to countries that can refine it for you, and then bring back the finished products 'at economical and affordable' prices for your use. We as the Government will bear whatever extra costs that will be associated with the transportation of these fine products back to you".

Now, being a people that enjoy cosmetic solutions to problems so we can swiftly enjoy results, we accepted the idea. All our crude oil started going out. Fuel and the likes started to come in. Government settled transportation costs. Affordable prices were set for you and I, below what they should actually be if all the transport costs were featured in. Subsidy became the child of that initiative. And NNPC became the nanny who was set up and empowered to oversee crude export and products import, price regulation, subsidy payments on every import, and the whole shindig.

So, answering your first question, there's no way anybody can tell you certain amount of subsidy has been paid and a certain amount is remaining, because it is not an accumulated debt. It is a price shortage that happens every single time petroleum products are imported back to the country for your use and mine. A shortage the Government has to pay off as an obligation on them, just so you can enjoy that reduced price on the products.

2. Ordinarily, if Nigeria had been an economically diverse Country, fuel subsidy would have been self sustained and managed from the proceeds of crude oil sales. Heck, we would have even been making savings after every subsidy claim has been paid off. But, Nigeria being a black Nation that seems to enjoy basking in the feel of temporary reprief, found oil and completely abandoned every other source of income there was, before oil. Agriculture died. Mines and steel died. Human capital development collapsed. Leaders stopped exploring other means of making money for the country's purse. Everyone and everything centered on crude oil, "the black gold". As the decades rolled, our population massively increased, development set in, people started to spread to regions that used to be uninhabited. Then we started to actually feel the biting effects of the monster that is "Corruption in the leadership circles". Sani Abacha stole most of the monies he did through the exports of crude oil and payment of subsidy claims. But we didn't exactly know until our numbers increased, we started to look for more money to meet our needs and that's when we all started to clearly see their corrupt practices. So the same subsidy that should have been self serviced from crude oil, started to become a problem because crude sales could no longer provide the needed returns to keep the economy afloat. It is now being run by a deep rooted mafia that no President can control, a mafia that can always cause economic sabotage every festive period, plunge the entire Nation into a state of unavailability and you'll see even your President looking helpless.

You can ask further questions or argue any issues herein, objectively. I have time today for some responses.

Much of what you typed is offpoint. All I asked is simple....How much subsidy has been removed so far and how subsidy is left to be removed?

Does fuel subsidy control and manage itself?

maasoap:
What answer do you want my friend? Buhari is a human being like you, not immuned to disappointing people. I don't know your candidate at the moment, but don't make mistake of believing that he can't disappoint you. If he then does, the blame won't be on you unless you are too slow to understand that.

Isn't it the same buhari that you and your likes have been supporting since 2015 and calling people names for opposing buhari?

Kobonaire4:
That the fear of high prices prevents people from supporting sensible economic polices like subsidy removal essentially.

Perosnally, I back subsidy removal. I can see the marketers are operating at a loss, as the article puts it. High prices, on the other hand, scare a lot of people from backing it.

How much subsidy has been removed so far? How much is left to be removed?

How much subsidy has been removed that has led to the increase in the price of petrol from 180 to 600 or 700 per litre?

Kobonaire4:
It still shows that fuel in the UK is more expensive than fuel in Nigeria. UK does not have subsides. They even levy tax on fuel sold...which bumps up the price.

Forget Naira being weak. The day you realize that even at N350, Nigerian fuel is very cheap, you will get it.

The UK has a good public transport system (which isn't cheap, but as a student, you get a discount..if you are studying in the UK, contact your school about such a discount please)...so people prefer to use it instead of their cars. Or, if the school, shops, post office, and so on are within walking distance, you use your feet.

The discount given to students is called what?

Kobonaire4:
You miss the part where NNPC brings in fuel above N500 and sells it at N172 via depot price.

Chew on that. That's where the whole problem starts.

Can you produce the part we missed where it says that "NNPC brings in fuel above N500 and sells it at N172 via depot price"?

Buddha3:
You're reasonable.

But the blunt truth is this, whether subsidy goes or not, Nigerians are certainly going to keep paying high prices for petroleum products, going forward. Subsidy is no longer sustainable. Even if the next government decides to pretend that they can keep it going just so they don't incite Nigerians to wrath, every other aspect of our daily existence is going to keep crumbling and the prices of petroleum products still won't fall.

The economics behind this is pretty simple. If I could make a thread on nairaland to comprehensively explain it in the simplest of terms, I'd have done so. I worked in the downstream sector between 2011 and 2019 and I speak from a store-room of sound knowledge, because I still have reliable information sources within the field.

Nigeria needs to get rid of petrol subsidy! It is the only way forward. But it doesn't end there, cause the downstream sector has to be completely deregulated. NNPCL has to be stripped of some of the cumbersome responsibilities it currently carries. Proper institutions have to be put in place to oversee the transition phase between the government incentivised petroleum regime and the consequent flight of the adult butterfly that we're requesting.

Anything short of this and we'll just be dancing in the same mundane circles.

How much subsidy has been removed so far and how subsidy is left to be removed?

Does fuel subsidy control and manage itself?

jaxxy:
Then that is ur answer.

you havent told me anything,

"he was not prosecuted" is the same thing as "he was spared", that is the "WHAT". you have still failed to answer the simple question.

If you say Tinubu committed a crime by bringing bullion vans into his house on the eve of election, WHY wasn't he prosecuted?

jaxxy:
Ask ur apc organising secretary he will explain better.

still; doesnt answer the questions. provide the facts by answering the questions.

1. Since 2019 till now, are you saying that buhari is still contesting that Tinubu can't be investigated and prosecuted?

2. How do you know that he was spared?

3. If you say what he did was a crime, why was he spared?

4. Who are the powers that be that spared him?

5. What are those loopholes in cbn policy and what policy are you referring?

6. If you say he committed a crime, why wasn't he perscuted when bullion vans came to his house?

7. What was the crime he committed by bringing bullion vans into his compound on eve of election?

8. who are "your people"?

maasoap:
Fuel scarcity, new naira scarcity. Plus, he's a betrayer. Buhari don cast. Didn't you understand?

No I don't cos it doesn't answer my question. Isn't it the same buhari that you and your likes have been supporting since 2015 and calling people names for opposing buhari?

FireUpNow:
You are enjoying right? You wonder how some of us think , you forgot to acknowledge how your darling Tinubu helped in bringing Buhari into power. Are you thinking right at all? Your Tinubu is not checkmated but what do you have to say about what your Tinubu said at Abeokuta as being a target of the policy? Am I the one who said it?

You didn't answer the questions I asked.

What chess? How has Tinubu been checkmated? You are suffering and you are smiling because you think Tinubu is the victim. It's so unfortunate how some of you think.

How is Tinubu my Tinubu? Can you pls explain?

Skty:
Tyre Nichols, a 29-year-old FedEx driver, was killed by 5 policemen in the US. They said when he was stopped, he refused to stop. If u like when police stop u(definitely ur Keke) nor stop, them go waste u like the others.

A word is enough for the living- whether foolish or wise

how does plate number factor into all of this?

Thebigheart:
Sir, you need see how a lady who into coca-cola business break a safe and brought out 2.5million plus. Imagine, her colleagues doing likewise.


Even within this shortest time CBN has attest to amount the banks have raked in.

You didn't answer the questions.

How do you know that the money in the economy is too much? Did you count it?

How is the money in circulation responsible for inflation? Price of fuel has jumped from 180 to 300. In some places it is 600. Is it the money in circulation has caused the increase? Pls explain

jaxxy:
u know one of his inner circle apc lagos organising secretary and former Lg chairmsn already came out to deny it on his behalf that the bullion van missed their way into his house.

He was there when it happened.

ur people decided to discipline him.

still; doesnt answer the questions. provide the facts by answering the questions.

1. Since 2019 till now, are you saying that buhari is still contesting that Tinubu can't be investigated and prosecuted?

2. How do you know that he was spared?

3. If you say what he did was a crime, why was he spared?

4. Who are the powers that be that spared him?

5. What are those loopholes in cbn policy and what policy are you referring?

6. If you say he committed a crime, why wasn't he perscuted when bullion vans came to his house?

7. What was the crime he committed by bringing bullion vans into his compound on eve of election?

8. who are "your people"?

jaxxy:
Well that is what I am telling u.

you havent told me anything,

"he was not prosecuted" is the same thing as "he was spared", that is the "WHAT". you have still failed to answer the simple question.

If you say Tinubu committed a crime by bringing bullion vans into his house on the eve of election, WHY wasn't he prosecuted?

jaxxy:
Let him do it again.

thats not what i asked you.

"he was not prosecuted" is the same thing as "he was spared", that is the "WHAT". you have still failed to answer the simple question.

If you say Tinubu committed a crime by bringing bullion vans into his house on the eve of election, WHY wasn't he prosecuted?

I hope you know the meaning of "WHY"?

jaxxy:
Copy and pasting same questions won't help u or change the facts.

still; doesnt answer the questions. provide the facts by answering the questions.

1. Since 2019 till now, are you saying that buhari is still contesting that Tinubu can't be investigated and prosecuted?

2. How do you know that he was spared?

3. If you say what he did was a crime, why was he spared?

4. Who are the powers that be that spared him?

5. What are those loopholes in cbn policy and what policy are you referring?

6. If you say he committed a crime, why wasn't he perscuted when bullion vans came to his house?

7. What was the crime he committed by bringing bullion vans into his compound on eve of election?

jaxxy:
I have told u why with examples to simplify it for u. It the matter is taken up any day it is game over.

i didnt ask you for examples. pls read again.

"he was not prosecuted" is the same thing as "he was spared", that is the "WHAT". you have still failed to answer the simple question.

If you say Tinubu committed a crime by bringing bullion vans into his house on the eve of election, WHY wasn't he prosecuted?

I hope you know the meaning of "WHY"?

jaxxy:
he was spared. same way Jonathan didn't prosecute dasuki and diezani.

it's common sense.

Bt if tinubu feels its not a crime he should try it again.

ita s not common sense since you are struggling to answer the question.

"he was not prosecuted" is the same thing as "he was spared". you have still failed to answer the simple question.

If you say Tinubu committed a crime by bringing bullion vans into his house on the eve of election, WHY wasn't he prosecuted?

I hope you know the meaning of "WHY"?

jaxxy:
go back and read my response again slowly this time. maybe u missed it.

I don't repeat myself.

you didnt state anything worth missing. theres no need to repeat yourself since you havent answered the questions in the first place.

1. Since 2019 till now, are you saying that buhari is still contesting that Tinubu can't be investigated and prosecuted?

2. How do you know that he was spared?

3. If you say what he did was a crime, why was he spared?

4. Who are the powers that be that spared him?

5. What are those loopholes in cbn policy and what policy are you referring?

6. If you say he committed a crime, why wasn't he perscuted when bullion vans came to his house?

7. What was the crime he committed by bringing bullion vans into his compound on eve of election?

jaxxy:
He was spared like Jonathan spared dasuki even tho it was a crime.

I didn't ask you about Jonathan and dasuki. I didn't ask you if he was spared or not. If you say Tinubu committed a crime by bringing bullion vans into his house on the eve of election, why wasn't he prosecuted?

jaxxy:
I have answered all ur questions everyone of dem. Repeating ourselves won't change anything.


Let him order bullion vans again we want check smtn.

Can you show me where you answered the following questions?

1. Since 2019 till now, are you saying that buhari is still contesting that Tinubu can't be investigated and prosecuted?

2. How do you know that he was spared?

3. If you say what he did was a crime, why was he spared?

4. Who are the powers that be that spared him?

5. What are those loopholes in cbn policy and what policy are you referring?

6. If you say he committed a crime, why wasn't he perscuted when bullion vans came to his house?

7. What was the crime he committed by bringing bullion vans into his compound on eve of election?

jaxxy:
It's like asking me why dasuki wasn't prosecuted by Jonathan?

Many people and civil bodies have called for investigation and prosecution of the bullion van incident. The efcc and cbn have looked the other way obviously because buhari was contesting and they choose to ignore.

Bt now the situation is very different. Policy has changed and FG is alert and against vote buying and criminality during this elections.

But anybody with 2 heads is free to try their luck.

Since 2019 till now, are you saying that buhari is still contesting?

1. How do you know that he was spared?

2. If you say what he did was a crime, why was he spared?

3. Who are the powers that be that spared him?

4. What are those loopholes in cbn policy and what policy are you referring?

5. If you say he committed a crime, why wasn't he perscuted when bullion vans came to his house?

6. What was the crime he committed by bringing bullion vans into his compound on eve of election?

jaxxy:
I answered u bt u refused to accept the answered or maybe u believe he didn't break the law.

Well let him try it now so we can confirm if he is breaking the law or not. Let him order the bullion vans again afterall he said its his money.

You still haven't answered the question. why wasn't he investigated and prosecuted all this while for breaking the law?