₦airaland Forum

Printing of cash means the govt has no other means and is a very bad sign. Nigeria is broke. Lol

Bobloco:
You cannot compare Buhari with Tinubu. Buhari is far better than Tinubu in all ramifications

buhari was better because he at least loved his north and in an attempt to favour them did some positive things.
The way he responded to locust plague from northern Easter africa was impressive and helped agriculture. He printed and shared funds to them and civil workers in his bid to spend his way out of recession. Though he landed us in crippling debt, it wasn't to sponsor some imaginary second term.

Restructure the corrupt country or die naturally.

Och77:
He is very good in politics of money

I tell you. Politic and not governance Is his thing.

How many itsekiri people know this so called itsekiri group speaking for them? Some people will just exchange brown envelope in Abuja and start sounding like elected public servants or traditional rulers.

LoveThemChubby:
Just simply move somewhere else if you feel it is the worse place to be.

That's what OP is talking about now..
People want to move out but to good places and not Pakistan or Haiti.

Karlman:
Israel 🇮🇱
This people need to be studied at the university level, for a better world ahead!

How they do what they do is a mystery the world need to research!

They gave the world so many , in fact majority of the world's beautiful inventions but the majority want them wiped off the surface of their God's on earth.

Asylum or not, is this country not like a mini or cold war zone already?

While still warning isreal of attack if the touch Beirut, isreal killed Hamas leader under their nose. Lol

Even the terrorist al Jazeera had to play along and carry the bittersweet news.

Hamas and Hezbollah leaders just like that. God is good o.

TemplarLandry:
This is what happens when you institutionalize evil and try to euphemize it. Why would you keep calling terrorism banditry? Stop branding them as bandits but terrorists. Then a solution to the menace is near.

it is a rent seeking formula. Levy farmers, farmers inflate food cost, consumers outside Nigeria and in the south pay farmers back. That's the coolest Owomida arrangement. Meanwhile, N1 Trillion in farm input comes from the southern oyel money.

How will there be food?

The painful thing about this whole tribal tainted protest from the land of abokíi is that food prices there is still on 2020 level in the south.

yoruboid:
God bless Yorubaland

What is wrong with your tribalistic brain bro?
God bless when foreigners are cashing out from your land and leaving you lonely and poor?

payaseriy:
my governor is the president in fct and deputy governor is Wike d fct minister

From Warri to FCT. Okay o.

That's small Tanzania o. Giant Nigeria, no where to be found. We weaponized hunger here and share stipends to rig elections easily.

When will you guys protest to your governor concerning the poor services he is delivering?

Flown to the west and dubai. Capital flight.

grandstar:
The country is broke. The government is broke! There's no money! Government can not sacrifice any revenue.

Any shortfall in revenue will have to be borrowed. Nigeria isn't a country that can cope with a huge debt burden as the interest rates are above 25%, and tax collection is barely 10% of GDP. The only way government can service more debt is simply by printing more money which is very inflationary.

Contrast with America where rates are around 3% and tax collection is about 28% of GDP.

There are better ways to help the poor such as lifting the ban on the importation of certain food or slashing import duty on them.

Import duty on wheat is 70%. Why not slash it to 20%? This will help bring down the price of bread. I won't be surprised of 1,500 bread won't crash to 1,200 or less of this happends.

The ban on rice imports makes no sense as Nigeria lacks any competitive or comparative advantage producing it. It is cheaper for the country to import than to produce it more locally. The government plans to open the borders for the import of unprocessed rice into the country with a zero percent duty is a fine move if implemented. Import duty on processed rice should be 30% at the beginning and eventually reduced to 20%

The ban on the importation of poultry meat also makes no sense. Allow its importation with an import duty of 20% maximum. Nigerians are starving, really starving.

These policies will not only help bring down the price of food, but also but boost the government purse with 100s of billions of Naira, which it desperately needs.

Lifting the ban on food importation is a short term solution and another long term trap thats as impacting as subsidy. Where will forex to import food flow in from if oil revenue, which is the greater half of our export, is not as forthcoming as it used to?

The advise to allow food import should be replaced with proactive local food production. If 8 months ago the govt had taken agric serious and doubled efforts to cultivate and clean that sector of corruption, by now, the urge to import basic grains wont arise. The national grain reserve is in shambles and the govt is only using it to create propaganda content. Each time they are pressed, they release imaginary grains into the states. Instead of us to farm. They have left the farmers at the mercy of bandits, rent seeking middleme, and police/thugs who levy food on transit.

Zimbabwe has tasted some tough inflation and even hyper-inflation long enough unlike us and in all their experience, guess what they are doing right now? They are doubling local wheat production and the govt is heavily involved. Not just lip service governance we have here and then some fire brigade policies.
Tanzania too is increasing local grain production, I made a thread on that few hours ago. You can check it out.

Where is our dry season rice and wheat farming output today? If it exist, I didn't notice it o.

Importation is just the beginning of another problem that as big as subsidy. Few months ago I advised the govt to import food and sell almost directly to consumers with as little profit as possible to bypass rent seeking middlemen. The thread is still alive. I think that's a better version of your advise to open the borders unconditionally to food.

On a per capita basis, Nigeria is king, yet the APC is busy building flyovers and duplicating road routes. Project that cant grow the economy nor repay their cost.

Without that protest rice will be high but... lol

That will be $0.125 a litre.
Even before removal of subsidy, fuel sold for equivalent of $0.35-0.45 a litre.

Opposition already creeping into the picture with unreasonable demands. All to make govt look bad when they cant do what is being asked for.

https://www.youtube.com/watch?v=hxDvp0HjcB4?si=oH4Ntk0BJe8nhn21

If yam was one of the hot exports, it would been blamed on foreign demand but that isnt the case. What do we blame this fourfold increase on if not excessive profit?

» Planned Protest: FG Begins To Sell 50kg Rice At ₦40,000 «


I laugh.

Nigerians and fire brigade approach to pressing issues. Now they want to protest.

Can they?

Salewa97:
Hunger protest in Niger State? This is just another avenue for chaos.

When will we learn that protesting without a solid plan only leads to more suffering? Instead of channeling energy into destructive demonstrations, why not engage with the government and demand real change? Protests that turn violent only exacerbate the problem and put innocent lives at risk.

Nigerians should be wise enough to see that protests without purpose are a waste of time. Hunger isn't solved in the streets; it's solved in the boardrooms and through policies that uplift the people. Let's focus on constructive dialogue rather than chaos.

Engage content creators admin and propagandists you mean right?

The Tinubu dynasty is now in charge. They prefer to sell crude to intl buyers and blend cheap petrol in Malta for us to use.
Do we need FDI, with the above in place?

NewDelhi:
Now I was having issues with uploading pictures on my telegram account. . I tried uninstalling the app and installing it back. Unfortunately I can no longer log in.
It's saying it has sent an sms to my number but there is none. I've tried everything possible.. kindly help

Go to you app in settings. Locate telegram and clear cache. When it works dont forget your promise o. 5k.

Writervick:
Nawa oo

Na real wa ooo