₦airaland Forum

Take heart.

grandstar:
You did not understand what they said

Nowhere does the report say a thing about restructure and de-incentivise corruption.

What the IMF said was that if you want to remove petrol and electricity, first put a safety net for the most vulnerable in the society. This is good.

I have always supported Conditional Cash Transfers. The World Bank lent Nigeria $800m for it to be shared amongst 15m households. The problem on ground is that there is no database of those to disburse to. Conditional Cash Transfers are a very good way of assist the less privilege as it most often given to mothers (rarely fathers who may spend it on women, booze and gambling). It is means tested. It is also very economical.

So, what should the government do if there's no database? That's the elephant in the room.

I suggest find other ways to help the poor. One may be the lifting of the huge protective wall on many agricultural products Nigeria has no competitive or comparative advantage in such as rice, wheat and poultry. This will crash the price and make food more affordable to the poor.

Government can go further and lift the ban on the importation of Okrika as well.

The petrol and electricity subsidies needs to go. It is simply costing too much and simply increasing the nation's debt burden which is already unbearable.

You actually expect them to say it verbatim. I know you to always put up courtroom attitude of never backing down and trying to win debates but you are far from the mark here.

Expenditure re-priotization can't happen of you share allocation to 36 states where the governor is king. That statement connotes restructuring to allow money be used for most productive things. Stop feigning ignorant stupidity here. The last statement in the quote says it all.

It read: “Expenditure reprioritization is needed to create space for social protection and other priority spending. The authorities have recently approved an enhanced social transfer mechanism developed with World Bank support, and some initial payments have been made.

“In response to governance concerns, the authorities automated and digitalized the system to build a robust mechanism that delivers swift and targeted support to vulnerable households—some 15 million households or 60 million Nigerians potentially benefit from the scheme. Once the safety net has been scaled up and inflation subsides, the government should tackle implicit fuel and electricity subsidies.”

BeeBeeOoh:
https://thenationonlineng.net/nigeriall-soon-take-place-in-comity-of-nations-first-lady/

lol

Its place.

Let Tinubu too stand alone and leave IMF alone. We can power our gen sets with urine.

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.

a country using N90b to go and stone devil is not a broke country. You can't know our balance sheet more than a first class accountant surrounded by builders of Lagos.

Racoon:
After their neck constricting policies helped the disastrous government to impoverish Nigerians some more. Meanwhile the government zombies still think otherwise.

my posts on need to adjust and fight the underlying corruption ravaging our subsidies can be complied into a book. You won't see nairalanda1 and grandstar. It is when the thread dies you will see them brainwashing few gullible and "swayable" folks around.

SmartPolician:
IMF, I think it's time to let you know that you cannot give what you don't have. Nothing has nothing to offer this country

what I have been hammering home since before election and swearing in. Someone who allows agberos run riot freely as long they can serve him doesnt know a thing about growing an economy.

It read: “Expenditure reprioritization is needed to create space for social protection and other priority spending. The authorities have recently approved an enhanced social transfer mechanism developed with World Bank support, and some initial payments have been made.

“In response to governance concerns, the authorities automated and digitalized the system to build a robust mechanism that delivers swift and targeted support to vulnerable households—some 15 million households or 60 million Nigerians potentially benefit from the scheme. Once the safety net has been scaled up and inflation subsides, the government should tackle implicit fuel and electricity subsidies.”

Summarising the bold, they are saying, look, restructure and de-incentivise corruption while putting the money to effective use that will truly serve nigerians, then attempt removing subsidies.

Cc: nairalanda1 and grandstar.

..but one man can spoil it.

After 163 transfers, 10,000,000 is N2.7m.

Hmmm. Cheap o. Subsidy removal affected free grass and crops.

KillahPriest:
Igbos voted

Obasanjo 1999/2003 --- PDP
Yar'Adua 2007 --- PDP
GEJ 2011/2015 --- PDP
Atiku 2019 --- PDP
Obi 2023 --- PDP rebel.

Obi is the first person from their region they've EVER given block votes, a feat not even Dim Ojukwu, Orji Uzor Kalu or indeed Rochas Okorocha could achieve so how did they come into your equation or isn't democracy all about voting who you feel is the most competent out of all incompetent clowns contesting ? Please, don't rewrite history

I updated your lame argument.

The igbos are equally guilty of block vote mentality and are just lucky not to be operating at the illiteracy level of the northerners. Once 2027 approaches and few zealous obedient or ronu colony start vibrating, you will see massive tribal and religious aligned political support.
The hosts of heaven really dealt mankind a severe blow when they confused our brains with languages and all its effect. Putin is still trying to rescue his tribal people in imaginary parts of ukraine.

[quote author=MANNABBQGRÎLLS post=129864651]Peace is all we want in our world 🌎[/quote]peace like October 7.

In Islam peace is absence of infidels(jews) so I get you demonic message.

nairalanda1:
The harsh fact is that almost all our neighbours are paying way above N1000.

Nigeria does not have the cash to keep fuel forever cheap. Make we be honest...this is not about agbado, and even the agbado government is spending trillions to avoid telling themselves the truth.

The painful thing is that if we cut government spending and stop the nasty corruption that is affecting us, the money raised won't be enough to pay for subsides long term. Also, the amount we earn from crude...80% of our earnings...is not enough.

Either we face the truth...or we keep throwing money down a bottomless pit.

We have been told repeatedly since the 1980's...we no wan hear.

so let's maintain corruption and discard subsidy. Very idiotic idea.

Racoon:
Hardship forcing people into these kinds of misery.

indiscipline and waywardness. They can easily be millionaire farmers in their fertile Osun or Ondo or Edo or Delta or Benue.

Nonsense.

PepeXKermit:
Whats so special about Onitsha, Asaba or Portharcourt?

idiots naturally think everybody is partisan because of the percieved tribe and ethnicity.

Where can one get info about their products? I am wondering if they are all alcoholic.

At N10m a trailer, that's 270 trailer of yams. Wonderment.

Very sad that a first class material with years of "performance and experiences" will be running the economy aground in a brazen manner. We should reduce each presidenti6 term to 1 or 2 years at most.
This man may get eight complete years to wreck this havoc while using propaganda to corrupt the bad narrative his performance is putting us through.

Same man who was shouting at emefiele from the sidelines some 15 months ago about letting the naira go weak has taken it to unimaginable depth of uselessness. Buhari suddenly looks like a biblical Joseph and Adam Smith hybrid, with the anointing of God.

What's so special about Rafah other than collapse of Hamas

Righthussle:
The mere fact that he decided to ridicule the president is a proof that he desired the opposite of peace. He is not an honourable man. He agreed to do something, he started it and stopped halfway because he listened to side talks. He's a little man.

president of ogboni or illuminati?

Sorry o. They are skyscrapers. Lol

Very little value is being added. That's the underlying issue. We eat with 60% of our earnings.

A value-added tax is a tax that is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer.

The kidnap thing is what North Korea is known for and shouldn't be mentioned in nigeria where we claim democracy is active.
You invited low level officers of an online business platform for collaborative meeting and kidnapped them, asking them to break their own regulation about data of their users. The FG is taking agberoism to intl stage in style o.

Righthussle:
Why did he make a fool of himself by agreeing to implement the peace accord only for him not do so .

he was peaceful

Righthussle:
He's just foolish that's all

he isnt. Wike is Abuja governor.

Oloroegbe vs olorioko. Bow or bow out.

Ance4Liverpool:
President Jegede

Ajala actually.

What is he looking for?