₦airaland Forum

Throwback:
Transportation is a factor of commerce, and commerce will continue to grow economies.

consumer commerce or productive commerce?
You are being mischievous with economics. So importing more goods and borrowing to build rail to transport them will actually grow the economy according to your APC inclined brain?

Wooowww.

Throwback:
How much do the roads all over the country generate for the government?

Yet they are still built with money because the transportation of commuters and goods is a necessity of itself.

if tolled, roads can generate good amount plus no stupid loan was used to fund them. That's different from using loan to build a dormant rail line to Katsina then taxing dead people and renewed hope survivors to repay the capital loan. It is wrong.

It promotes unproductive borrowing. It means leaders can now borrow, develop their villages/states, then tax the dying economy/populace for repayment.

Faiththatworks:
I always wonder why people believe protests and riot will change the economic fortunes of a country.
There's this economic lie that always precedes any riot or protest, it's the issue of reducing the cost of Governance.
President Ruto sacked all his entire cabinet,reduced the salary of his staff,but that didn't increase the revenue of Kenya.
Africa must accept it's a resource rich continent but cash poor continent.
The earlier we discard the narrative that we are a cash rich continent,and focus on how to make our resources work for us,the faster we will move out of poverty on the continent.
Our young people in Africa should stop all this economic protest but start focusing on how to industrialize Africa,we need a collaboration between countries in Africa to turn out fortunes.
Alh Dangote has shown the way by building the biggest Refinery in Africa,I hope other wealthy Africans will take a cue from him and focus on industrializing the continent,enough of these protest that will end up producing no results.
God bless Nigeria
God bless Africa

You are replying to your own imagination. Protest are meant to resist attempt at making the masses pay for what the elite have stolen via inflated expenses.
When a leader takes $100m to do what $15m can do, is that africa will industrialize? I know you are helinues or MANNABBQGRÎLLS.

[quote author=MANNABBQGRIĹLS post=131496340]“It would be wrong and an insult to the people of Kenya to reintroduce the finance bill,
But there are provisions in that bill that would have helped the country to grow.”

Are taxes good for the economy?

Tax affects economic growth by reducing consumer spending and lowering incentives to invest.
But different fiscal policies have variable overall economic effects, with taxes on income better than those levied on corporate profits in terms of their wider impact on GDP.


The only problem with our own darling nation is that,
Are the government since 1960 make the good law abiding citizens of Nigeria benefits from the taxes they have been collecting?
And the 2nd and final question is,
How many Nigeria citizens actually pay taxes?

Food for thought.

We Rise ✔️
[/quote]How much is Buhari rail generating?

Throwback:
It cannot be escaped.

Protest or no protest, government must always raise funds to run the country.

I will only advise every government to focus on more taxing for the fat cats who cannot even stage a protest in the midst of the luxury they already enjoy. But not too much taxation that prevents their creation of jobs for the ever angry mob.

To run campaign as a populist supported by the youth, is not the same reality with taking hard decisions as a leader for the greater good.

running economy is different from building rail that dont generate enough.

Prophet of pocket. No prophecy for poor man?

safetyboot:
They want to set Dangote up. Petrol price is relatively same globally, slight difference is caused by shipping cost to different destination. So give and take between 700 / 750 NGN

even that 700-750 is still less than 0.5 USD a litre. The global average for deregulated petrol is much higher. Like you rightly said, they want to set Dangote against the people who are his targeted market.

Some Google search results for global average gasoline/petrol price per litre are:

1.30 -- January 2024
https://punchng.com/report-ranks-nigeria-22nd-country-with-cheapest-petrol/

1.32 -- August 2024
https://www.globalpetrolprices.com/gasoline_prices/

1.29 -- January 2024
https://nairametrics.com/2024/01/08/nigeria-ranks-22nd-for-cheapest-petrol-worldwide-report/

At N1600 a dollar, 1.3 X N1600 is over N2000/Litre.


That makes Tinubu and NNPCL heads as probably part of the cabal. Anyone selling at around N700 a litre is indirectly saying, other sellers averaging N2000/litre are making so much profit per litre or the govt/cabal is subsidising it heavily just to make Dangote look very greedy. Either there is a global cabal making a killer profit by fixing prices or a Nigerian cabal trying to lower it to make Dangote look bad.

Guestlander:
How can they issue a preemptive statement speculating about the prices of another company's products!

Guestlander:
What they did is quite unprofessional. It's not like they even talked to anyone from Dangote. They just pulled some figures from the thin air.

i suspect it is a calculated attempt to turn the public against Dangote's product and keep importing as a cabal.

By concealing the current subsidy from Nigerians, they make us believe the current subsidized rate is the fair intl value, then when Dangote releases his at true intl rate in an attempt to break even, the public sees Dangote as the greedy one who is punishing Nigerians. Thats why they may have to work on our psyche in advance with such baseless projections as N600 a litre while concealing the present subsidy.
Dangote can further checkmate them by postponing the petrol release date, that means they get to rack up more subsidy debt and choke fiscally.

Salewa97:
Toh

The price of petrol is still above N600, so why the fuss?

Helinues ??

Nigerians and Indians.

No wonder the brits are angry with migrants.

Aammee77:
You are a dum ass
Dbanj even begg Don Jazzy Papa before Don Jazzy agree to produce. He has been begging and apologizing for over 2 yrs

preview doesn't connotes producing the album. It is simple enough.

Aammee77:
This one later swallowed his pride and acknowledged that without Don Jazzy he'll keep making shitty music. SMH

preview no be produce o. Shitty commenter.

Leemzyy:
Lol you nko which one are you?

The dude who calls the attention of the principal to the fact that MANNABBQGRÎLLS hired a dad.

Africa and petty competition.

Dem no see satellite launch. Dem no see good inventions.

MANNABBQGRÎLLS will be that wayward dude who after being caught and suspended went to hire a fake daddy/guardian to come plea for him.

Lol. Kano and Jigawa style but reasonably and logically done.

Puss360:
🤣🤣🤣...the calculations heavy pass average Nigerian brain...

Long and short, be say hope say light go dey ooo...?

The koko is that Discos and Gencos will negotiate directly for how they buy and sell power and GenCos will now have freedom to cut of unprofitable Discos alwaya owing them. That means no more r much less interference from govt. It is as good as Subsidy removal.

Racoon:
Hehehe! Just like the privatisation of NEPA to GENCOs/DISCOs, another policy somersault with translocation from one corrupt band of looters to another. This change of name means nothing as far a power improvement is concern.

Bilateral trading I am guessing was choosen as the name because the DisCos now trade more directly with the GenCos. The govt is taking a less relaxed approach by relieving the parastatal NBET of the duty of forcing power cost to a regulated value. They only serve an eye in that industry. Same way NCC can command Airtel and MTN to maintain N500MB at Night N50 plan because they know enough to deduce Airtel and MTN can make profit if they sell at that rate.

Still processing the information...
If I understand correctly, NBET hitherto, has been the one making GenCos generate irrespective of whether the DisCos distribute and optimally pay for power. Now NBET is out of the way. Gencos Can switch off if the DisCos dont pay up.

The DisCos now have to face the consumers and see that they sell profitably on time to meet their one-to-one obligations with GenCos. NBET and NERC will try to act like CBN/NIBSS to banks or like NCC to Telcos in the power sector.

Nothing Radical. Just a way of removing power subsidy without noise.

Sucre6:
I see clowns up there, who haven't had a meal today hailing the president who is stealing their future, the saying that slaves in love with their chains comes to mind

Stockholm Syndrome.

Pythagoras001:
A country with less than 2 million population and enormous oil export but with many leaving in extreme poverty while the so called life president and family are living large on thier commonwealth smh

Yahoo republic.

Very soon...
Equatorial Nigeria versus Sahara Nigeria
Venue : Lagos
Group E WC 2026 Qualifiers

Beauty - vanity.
Hair extension - vanity.
Only the love it strengthens here isnt vanity. I hope the love is built on solid foundation and lasts.

Buy firewood and refine you thing if it is true.

This moves looks good on the surface but the way to rid the market of greedy middlemen is not like this. It is better to increase production and encourage competitive middlemen to enter the business.

mrvitalis:
Blessed with what exactly?

1.3 million barrels per day for 220 million people?.

Anything below ₦1550 per litre is subsidy regime

at 1550 Petrol will soon be refined an taken as a form of alcohol.

oluwaseyi0:
How many years Dangote take senior you that make you think you can't own a refinery and sell at a price you wish?

I want sell it N10 a litre personally. The issue is the queues that will be too much. I will buy at N1500 from Dangote, then sell at N10 at my own personal subsidized price.

Jackanda1:
Too much power corrupts absolutely.

Mynd4.4 is now deleting comments and banning people that don't agree with him.

What a baby.

Better than MANNABBQGRÎLLS who insults people in advance with his signature and has been active ever since.

It can even sell for N40 if govt buys it at N1300 from Dangote and subsidize it to that level. Lol.

Beans love heat and is the global warming tolerant food of choice. Ride on OP.

It is the principal problem. God said b fruitful and multiply, the rest like security, tech and education are JARA and revolves around economy (physical fruitfulness).

Biodun556:
Thank God we had Buhari

Boko haram would have taken over

Idiotic comment. BH is now everywhere. After spending record defence budgets. The only thing the lanky general got 10-15% right was agriculture. Others Zero. Industry, econonomy,health, education, roads,infrastructures(5% maybe) are zero.