₦airaland Forum

Ofunaofu:
They are working for Nigerians

Nigerians are simply reminding Tinubu of his words to Goodluck Jonathan in 2012 over the latter decision to remove fuel subsidy

For how long will you people keep hiding under GEJ, even pdp don't quote 2012 as much as Obedient do online ..

The same NLC that lost it tongues for 8yrs under Buhari suddenly find there it fews a South westerner took office
where was NLC during fuel scarcity and cash scarcity now they want Nigerians to be believe it about the interest of the people, the people they failed for 8yrs under buhari.
NLC is fighting for Peter Obi course certainly not Nigeria

Greenfusion:
While you have a point, i don't totally agree, they are essential goods traders or business people, those would sustain well, salary earners are mostly hit, transportation currently has doubled, by this coming week, food and other essential products would likely double or triple, so, me that earn 100k and spend 30k on transport previously would now be spending 60k, also if i spend 20k on feeding, then it becomes 40k, the 100k salary is gone...also if u had savings of 500k, its value would be halved.....also note that while Businesses are affected like you stated, salary cannot be increased up to 200% ( or double), so, now, who would suffer most?....so business may have to lay off staffs to survive.

Cost of running business should have doubled or even tripled....so salary worker would be on the receiving end more.....I learnt water is about to increase, would you now stop drinking water or eating food?

The president wasn't wise and too hasty....alot should have been made available.

At this point our borders need to be opened if that would help reduce prices of essential products especially food, let there be over supply.

The coming weeks would be very tough, all of us writing in support of this removal and discouraging a protest would begin to feel the pain, the government needs to provide a cushion, and trust me, if this Govt doesn't get the heat they won't act.

Your case is good bro, @ least you know one sure 100k is coming month end, it is left for you to draw case of preference

For a trader, with the present economic hardship, consumers will surely cut down on purchaases .. before as a boutique owner if you're making 100k a month it is no longer guaranteed, becos turnover will drop and flunctuate at low.
Need i remind you a trader will pay shop rent, pay transport to his/her shop, pay sales gurl/boy, pay his house rent and feed all that expenditure is on a dwindling turnover
Salary earner whether oga sell or no sell you go collect salary at month end, you have zeros worries about your office expenditure na the owner headache, If you guyz own a business you won't argue the way una dey argue

MadarasBlade:
So you'll know a wealthy igbo man by the car he drives? You still dey learn.

Bro i don pass level wey you go dey tell igbos are these igbos are that ... naa mouth una get, But one thing i like about igbos be say dey don't do beggy about, they maintain self respect.
Igbos love cars naa money do ojoro

SpecialAdviser:
You are missing a point. I have a practical knowledge of that point and not just arguing out of theory like you do. Many traders have old stocks they have got to sell out. They purchased at a very low price but will double their profits. I have brothers who became richer as a result under Buhari. Go do your research and you will understand how many Igbo business men became richer. Yes, it wasn't only Igbos. Other tribes too. Farmers added. But statistics gave the Igbos an edge. Do your research bro, stop giving theories.

You mentioned people cutting down their costs. Lol. This is very minimal. Has minimal impact. If not, why do civil servants keep complaining? Everyone suffer in harsh economy but I am discussing statistics. Go do your research and you will understand. If you are not a trader under harsh economy. If you a salary earner, get ready to suffer more.

Bro your last post just gave you out completely, you know nothing about business, you think you but tou don't.
Now what some of you don't understand in business is having old stock is not tantamount to double profit, new price will always dictate the market, you must re adjust to meet cost
if i bring in a toyota muscle at 2.8m at landing cost around jan and i intend to sell at 3.1m but xchange rate went up then same toyota at landing cost is now 3.2m in june ... it is not goodnews to the selller becos he will have to sell that old stock at market new price so that he can restock. profit margin is constant if you inflate your profit you will scare customers away.
i challenge you to bring all those beer parlour statis you are talking of, a lot of business men are into shady deals no let anyone lie give you, that UCHE guyz Efcc caught recently if dem no catch am, he will tell you bro business is good .. one shokolo shop in oshodi and oga has houses in lekki .. business is good nonii

Civil servants are the major ATMS in any society if they are broke businesses are broke, govt are the highest employer of work forces, if these work force don't have money even traders will suffer, we are all in it stop decieving yourselves i have igbos in my area none drives a car bigger than lexus 330 09 sef so scrap that igbos are world richest nonsense. no tribe is immune to economic hardship

dapsoneh:
This life, just have money oo! Now I see reason why Chef Chioma no fit leave Davido
E go get one level wey ur money go reach wey be say na ur wife go dey push you make u go marry another wife.
Some wives will even send their regards to ur girfriends

i will keep this truth in the fridge and serve it chilled to cococandy some day

SpecialAdviser:
My friend, majority of Igbos are business people. The class of people that suffer most in an inflation economy are monthly salary people. Their salaries are hardly reviewed. If you how Buhari inflation got most Igbos richer you will understand why they say a goat lying down is lying on its skin. Buhari at a stage had to be paying his people free money to sustain.

Before you do anything thinking you are doing others, think. For as long as Igbos are doing business, forget all these una stupidity. Forget it. You are doing yourself.

And majority of hausas and yorubas are beggars the igbos feed and cloth abi ..

In an hyper inflation economic people who suffer the most are traders cos of eminent low sales, scale of preference and opportunity cost will be the order of the day.
Consumers will not only cut down on there consumption, they will prioritized only essential goods, so it going to affect most traders not into essential commodity whether igbo, yoruba or hausa ...let me widen your horizon bro.

With the current economic situation,traders turnover is most likely to drop than increase while monthly pay is prone to remain constant or increase. business life span is not as durable as human, onces business is not making regular turnover naa close down, but salary earners will survive even economic melt underground sef. na lean dem go lean

Economic hardship knows no tribe, we all go to the same market, emeka selling motor part will eat meat/fish, mama chukwudi selling okrikra cloth children will go to school, chinedu selling phone accessories in computer village will pay shop rent, Nnamdi will need kazeem mechanic to fix his highlander ...

As you exploit customers in your business, you also will be a customer somewhere and they will exploit you tew ... its a circle we all are in it. stop fooling yourselves.

no wonder pocohantas went M.I.A .... her last chance to get a medal b4 🤭

Philip4564:
Yeah I understand his plight but he should understand me too coz he knows am also struggling.

Just over look it, some people just let there emotion get the best of them .. it seems he has high expectations from you could be entitlement.

If i were you, i will treat is fvckup by sending him what i have to spare, then leave him with his conscience

SpecialAdviser:
Hehehehe. Una stupidity will one day have expiry date sha. I remembered how you clowns blamed Jonathan for any issue concerning Buhari untill he finished Nigeria. Your drug lord nightmare now is Obi. If Buhari was in opposition, you would be blaming him and be calling him out for any problem your drug lord have. But as it stands, Innocent Obi will be at the receiving end.

Keep deceiving yourself while the suffering bites harder. I remembered how most protest against hardship came from your end in the last dispensation. The South Easterners went about their business. The same thing will continue. You guys will still be at the fore front of protesting the hardship. So far, thanks to your drug lord for announcing subsidy removal hastenly without proper plan. Most Igbos successfully added prices to their goods in stock. Game on

If Igbos succesfully hike prices of there goods, does it affect yorubas and hausas only, igbo no dey buy from igbo or is there subsidy on okikra, electronics and spare parts for igbos

Are igbos the only traders in Nig, what stops yorubas and hausas from hiking the prices of their goods & services as well ... una no dey think at all

There is no need for mumu talk we all will suffer it, so let nobody cum here to brag nonsense

press9jatv:
let him do it first before you talk here

well maybe you will have to elect him president of your house because Aso rock is singing "i'm unavailable"

press9jatv:
Atiku speak well here

What kind of palliative ? on what rationale will the beneficiaries be selected ?
In these part of the world does palliative ever get to the main targets, without a database system how will atiku govt set out to achieve a credible palliative exercise.

Politicians are sweet talkers, next time use your head

richidinho:
You supporters of this corrupt enemy of the people are not smart at all

So if a govt cannot use all the security agencies under his watch to check the corruption in the system, the people should suffer abi?

There is EFCc, ICPC, the police, the millitary, civil defence, and so many others

Even peace corp sef

Which of these security agencies in Nigeria is not corrupt, when you look at the ratio of bad cops to good ones what does it tell you

Nigeria has a population of over 220million and all law enforce agents in Nigeria no reach 2million

SsweetAnn:
Thanks. Guess many homes drinks their water directly from the tap and that is not safe enough because tank get dirty, fliter turns green. Seriously it's not safe. I got borhole but still drink sachet water but as e be like this eh, I wanna start drink from the hole now, looking for ways to make it safe. Thanks

Just boil it and it will be safe for drinking

Greyworld:
You are just swift to type rubbish, no body cares what you prefer, the people want to survive and if increasing their salary us detrimental then they should keep working and remain unable to meet their obligations, perhaps that's the best.

Lame duck.
Country isn't working you are talking about economics of paper when people are dying.

You must have comprehension issues, go ask people in sri lanka howfar ...
i don't blame most you na where you see reach you know reach

Goodlady:
sharap

You these gurl, you need to start showing respect to men here, be submissive or you end up like pocohantss

HIGHESTPOPORI:
So why did Inec announce a different result , that Lp didn't win any polling unit?

Did Inec announce results by polling unit or by local govt total, here is the problem 90% of peter Obi supporter don't know jack,

So far from the nonsense OP post, as he being able to proof Peter Obi won any local govt. why not do that 1st
Peter Obi and his supporters are just senseless, if your hand never strong to carry sword up no call out person wey kill your papa.

ggood:
The Truth will soon come out according to Inec labour party only score only 6,568 vote in the whole Sokoto State , Inec suppress Lp vote in sokoto State .

This results is from Inec Irev Portal

In Sokoto South L.G.A, GAGi ward 08, in this ward there are 27 polling Units Labour party won in 16 polling Units out 27 polling Units .

This is the result from Irev Portal you can loggin and Cross check it yourself

LP score 1775 , PDP 1403 , APC 1621
Note :Sokoto South L.G.A have 341 polling Units and this results is just for 27 polling Units in GaGI ward 08, remember Sokoto State have 23 L.G.A

I wonder why PDP and APC keep shouting no one know Obi in the North, This is the reason why labour party is challenging Sokoto State results in the tribunal

How did what you post justify suppression, the ones you selected shows LP won those polling units how does suppression come in ?

inec chairman announced total votes from each local govt before giving cumulative total, so can you produce where Inec said Peter Obi did not win any Polling unit in sokoto ??

Must you people lie, winning some polling units does not mean you won the local govt. naa total go judge naw. collate local govt results and let see if Peter Obi win any local govt

richidinho:
Stop supporting rubbish

Government all over the world are subsidizing basic needs of the people

China provides world record subsidy on cotton for its people

USA subsidize oil, Agriculture, housing, automobiles and health care

What are our govt subsidizing for its people, nothing

The only product you are subsidizing is what you want to remove because you simply have no idea on how to tackle the corruption that has engulf the policy?

If you cant, abeg step down..we have people that can sanitize the system and bring normalcy

Do i need to remind you subsidy as being existence in Nigeria for over two decades ... e never reach one week wey govt comot subsidy and you are sounding like subsidy never happened.

How many times do we have sensitize the public borrowing to finance our budget becos 96% of revenue goes into serving and paying loan us about plunging Nigeria economy into coma, WE DON'T HAVE THAT MONEY.
Even as subsidy stops there is no free money anywhere, the only relieve will be we are not borrowing.
Borrowing to invest or build is viable But Borrowing to live a Lifestyle is one of the most foolish thing anyone can do.
Kpeogre said Us is subsidizing essential products for americans but is america borrowing to pay those subsidies, that is the what we must discuss.
Must we keep borrowing for the interest of the people when its at the detrimental of the economy, what happen when we lose our credit score and we can't borrow again ... we should wait till that happens abi

9jalyte:
I will rather ask, how do you feel about the picture. You cannot fault OBJ for dealing with thiefing politians. He did not mind that Tinubu was from SW to check him. You cannot accused him of fighting petty fight. If he went after anybody, that person had a case to answer.

Yes after, the criminals have converged again, you did not express concern, what you are more concerned is what OBJ will feel about it. Who do you this is vulnerable, you or OBJ

When OBasanjo called ATiku a thief do you know Atiku responds to OBJ.

OBJ won't ever come after you becos you are a thief, OBJ only attack anyone he sees as threat to his own Interest. thats all

That baba naa weyre

Omoapena:
This country is gradually killing its citizens, removing subsidy outrightly isn't a right decision to take, at least reduce the subsidy by 50% and watch how things unfold for 1year, by then, people would have adjusted then remove the remaining 50% after a year...


God will save this country from this incompetent leaders

Oga GEj and Buhari tried it, that is why sometimes you hear subsidy is gone then they come back to shock nigerians they are still paying subsidy.

partial removal as being tried multiple times we keep falling back into full subsidy.
Subsidy operates like cancer, we just have to cut subsidy off

jullary:
Good. Let the competition start.
It should be a competitive market, las las the price will definitely comes down without subsidy.

The competition will only start when private investors get there license and have stock for distribution.
The present stock in the country was distributed solely by NNPC that was why they got away with regulating the price.

The way we depend on PMS in these country i am afraid competition won't do much, what can really drive PMS price down is low demand, Nigerians need alternatives, a stable power supply, trains and electric buses for a start will go a long way to cut PMS wings.
In UK & other developed world you live years and not see petrol eye to eye. my friend in UK told me yesterday since he got to UK he as not seen petrol, these is someone that as he is returning from work he must carry keg to go buy fuel

Greyworld:
Naive man do you know that naira has further been devalued to 631 to a dollar?

If the FG ain't giving value to our currency then the workers should get higher pay simple.
Someone working full time in any sensible economy should have a problem to feed.

The economy that pays senator 20milion pays 30k as minimum wage.

Economics isn't just on paper, travel and see how countries are run.

You have spoken like a lame man, lemme ask;

Do you know the present rate of Inflation in Nigeria is over 200%

Where there is inflation should govt be pushing out more money into circulation .. does it make sense.

The true value of money its in it purchasing power not amount, i prefer a 30k that can buy me two bags of rice to a 100k that will buy same two bag of rice because the later is detrimental to economy, inflation wise including cost of living

Wagwanbrethren:
Mtcheww! 🥱
So out of all things to cause inflation, na civil servant salary increment be the major issue! 🤷‍♂️
Can you explain how flooding market with abundance will drive price low?

1. Increases in the cost of goods and services can be caused by a variety of factors, such as rising fuel costs, production costs, or labour costs. Therefore, it is not necessarily accurate to pin the blame for inflation solely on salary increases for civil servants.

2. In some cases, the overall increase in prices may be due to factors such as economic growth or population growth, which are not necessarily related to civil servant salaries.

3. It is also worth noting that, in some cases, salary increments for civil servants may actually help to control or even reduce inflation, as they can lead to an increase in overall spending and help to stimulate the economy.

There are a number of factors that can contribute to inflation, and it is not always accurate to blame salary increments for civil servants for this problem. 🙄

I agree with most of the things you say esp. in a sane clime, but Nigeria is different
The problem of Nigeria is human factor, even the best economics policies will struggle to thrive in Nigeria.
Petrol hike started since monday, the only thing that as responded is cost of transportation, But prices of commodities & services are stalling becos the market forces depict low affordability, diesel & kerosene prices are falling becos low affordability as driven demand low,

Salary increment means more purchasing power in the hands of consumers, hence an increase in demand but that triggers a corresponding effect of an increase in prices.
the relationship between purchasing power and inflation is like prey and the later a predator.
The best way to strengthen our purchasing power is for naira to regain value not salary increment, the more naira regain value the more cost of living drops. the economy and people gain.

where there is over 200% inflation pushing more money out is counter productive
these is the simplest way i can explain

Greyworld:
Oga for someone with intellectual prowess as far back as 2005 to create Nairaland to reason and opine that way means there is a fundamental problem.

Dude is miss firing from all cylinder lately and we know why.

You know abi you think you know ?? some of you are really naive

Anyone that understands basic economics should know that salary increase can't solve the was problem of a currency that has no value.
The best solution to all our problem is if Nigeria regains value, if naira can regain as high as #300 to a dollar Nigerians we feel true relieved, only that triggers deflation
Salary increment is counter productive because it automatically triggers inflation

Wagwanbrethren:
Lol
Seun sef ehh! 🤣
Why won't the civil servant salary go up when the price of fuel increases,how much be minimum wage sef!🤷‍♂️.

Their salary have not increased at the same rate as the cost of living. Inflation has caused the cost of goods and services to go up, but the salary for civil servants has not kept up. Also, the cost of fuel has gone up. This has a direct impact on their cost of living, as it increases the cost of transportation, food, and other goods. Abi Dem no get family to feed!

What you people don't know the civil servant salaries increment is the main trigger of inflation where commodities are concern.
Anyone that understand Nigeria very well will know that anytime govt increases the salary of workers every other thing jumps up.

Fuel hike will spike inflation no doubt but the way Nigeria market & landlords respond to salary increment of workers is scarier .. naa inflation pro max

The solution to the current problem is not salary increment, Govt just have to find a way to flood our markets with abundance that will drive price low, and our naira has no value that is what needs to be corrected

Ismael97:
Useless, wicked and insensitive bunch of jokers called Leaders. The proceeds from the removal of this subsidy would be looted by Tinubu and his cronies. This economic policy is inimical and detrimental to the interests of the common Nigerians

Unfortunate the interest of the common man/Nigerians can't resuscitate the economy, for a country that uses 96% of her revenue to service and pay loan what could be more paramount that saving our economy from dying completely or is it until we end up like sri lanka,

What you need to under is that, prioritizing our economy is what will yield interest for all, when the economy flourishes even the common man will flourish without waiting for govt palliatives.
We have to put our emotions away and face the reality

LOVEALAIGBO:
Later Tinubu minions on here will want to sell the false narrative that LP didn’t get any votes in the north and that their Asiwaju had a clean-sweep of votes!

The result Inec announce did it depict Peter Obi had zero in the north or did not get any vote in the North ...
There are Igbos in the north, so Peter Obi must get vote but if elections are held 50 times in the North Peter Obi won't win one.
Proof your case in court and stop rushing to social media to ejaculate prematurely

richidinho:
Inec saw the result, they knew it wasnt joke again

Obi is closer than we thought

You are daft, One polling unit results, becos Obi won automatically Peter Obi won the overall sokoto

Should i also could becos Tinubu won my polling unit in Lagos automatically Tinubu won lagos and peter obi rigged

Never seen people so naive and daft like Peter Obi supporters. one polling unit and they are dancing

SalamRushdie:
I will use my daily car for this , before this fuel scarcity I was spending about 9k a week , I haven't bought fuel recently though . Yes my my consumption come from Air conditioners ( 6) water heaters , refrigerators , washing machine , ovens , air fryer and electric iron ...when have family around these things see alot of use but now that I am alone usually just things in my room that work ..

i whu have prefered Gen cos that would have given a clearer result.

i drive an SUV with 3.5L engine plus AC always On, i spend 12k a week on fuel, the last time i went to ibadan around may i bought fuel 11k @195 .. tro & fro

what you spend fueling your car under subsidy is even more than minimum wage ... 9k × 4 = 36k monthly, minus car gbese wey person no fit predict

One thing i learnt from Gazzuz tip now is that, i won't be speeding above 100km/hr again be it travel, i no mind if na midnight i go reach ibadan

SalamRushdie:
If I have family around I spend about 40k a month but when I am alone like now , about 20k depending on how long nepa bring the light and how much time I spend at home

Well i don't know you so i can't say you are lying, even areas count, someone whu spends 40k to recharge electricity is definitely using high end appliances than consume energy ..

How about your fuelling cost ??

inoki247:
Lol don't be using our electricity to du a Yardstick is subsidize....


Electricity is also costly....

electricity is cheaper "than" fuel that is the discussion.

with the new fuel price i will spend nothing less than 20k a month to fuel my gen, thats if i ON it 7pm to 11pm, how many people can boast they recharge 20k monthly on prepaid meter at hom
those days i get angry when my dad ask me to go off the gen once its 11pm, now i go dey set alarm 8 - 10pm 🤣🤣

SalamRushdie:
I pay 59 naira for 1kwh , Ikwh of electricity is not free anywhere, is Lagos state going to Manufacture free electricity ? Baba there is a reason you have never seen any electric car manufacturers try use cheap cost to market them ? The only thing they market them is that they are environmentally friendly

In developed countries with stable electricity people use electric cars, the problem with electric cars is acceptances into the market, globally people are more comfortable with the devil they know, In Nigeria for instances, if innoson ceo dash a nigerian a new innoson car, 80% will prefer to sell it to buy a used toyota camry or honda.

Its good you use prepaid, can you tell us how much you recharge monthly, lets take it from there