₦airaland Forum

sonssyo:
people need this ASAP, everything is increasing,so salary needs to increase too

is company profit equally increasing?

I hope so.

Lies used to negotiate bigger cake cut.

Sultty:
japa, 500k does not do much for u. Even the side hustle can still continue when u get to the other side, so u work there and still continue your side hustle (I guess it's online side hustle)

400 USD is about N340k now. Maybe you didn't consider that.

But the man was critical of GEJ a lot.

Just ignore the useless fine by the greedy governor. Now see.

helinues:
Wrong perception. Even though Peter Obi might not have performed well when he was Anambra state governor but he did wonderful well when he relocated to Pluto and develop the planet.

One can't make inter solar journey and governed well without becoming a saint. Those are the qualities his supporters saw in him. He was sent to come and finish what he started in Anambra state in Nigeria.

keep shut.

Lies.

Now a disregard to court orders is affecting him. This is why it is good to respect the system and strengthen it when in position.

The most important professionals after pastors yet treated as trash.
Our reps are about to share billions while pretending to distribute N8k to the poor.

grandstar:
You are again repeating this myth! Don't you people ever listen?

You want them to build refineries? What happened to the existing ones? They've been left moribund.

What do you think will happen to the new ones?

Most importantly, why build refineries? Because you believe it will make locally produced fuel so cheap that there'll be no need for a subsidy.

It is a blatant myth. Meles Kyari has already said refining it locally would make little or no change to the price.i have always known this. Even Dangote has repeatedly said he would sell it at the international price.

No economist has ever said supported the notion of building refineries first. It is is always the layman on the street demanding for it with rhe belief that it will drastically reduce the price of petrol and other refined oils. It won't.

Which bank will lend you $20bn to build refineries in a country where the refined products are subsidized, sold below cost? You want them to lose their money? You think they are the Nigerian government?

Nigeria is broke. There's no money to subsidize fuel again. You contradict yourself by showing 96% of the budget revenue would be spent on debt servicing. So where's the $10bn to subsidize petrol will come from? It will be borrowed, adding to the debt!

A major component ofNigerias present debt is for oil subsidy. It has to stop.

One thing i love about you is your tendency to expose your own lies.

When you were pushing for subsidy removal under the backbencher and subsidywise accounts, you kept arguing that no local manufacturer will like to make loss. You made it sound as if the FG was going to force local refiners to sell at a subsidized rate directly to consumers. Today, you are saying local refining won't make it cheap and that they will sell at Intl price. If that was the case, why not sell at Intl price to FG and have FG do the usual subsidy? You argued that subsidy needed to go. Today it is gone but the same corruption plaguing subsidy won't leave the funds saved alone and we are thus not seeing the gains of its removal. Instead of paying debt they complained of before the unfair removal of subsidy, the FG is suddenly celebrating saving of N1Tr in July 2023 are sharing allocation for the month.

No you have started with the lie about the layman on the streets assuming refining will make it cheaper when we all know abense of local refining involves exporting crude, paying heavy salaries of foreign refiners and importing finished petrol product. The above three factors alone will swell the cost of final petrol to consumers, something local refining will help avoid. From the above, it is clear who you are working for gradually.

Your interests seem perfectly aligned with that of greedy local refiners who want to sell at Intl price not minding that those three extra costs are avoided for local refiners. You and your zombies can fool the majority but not my type.

Those people have lost their minds and see themselves as the owner of Islam. Every Muslim has same right to Islam and it will stupid to demand apology for a content you subscribed to on your own volition.

This is a step forward even they killed some soldiers. Before now the bandits and terrorists were unchallenged and pampered.

Looking for what to reverse to make Emefiele look bad to Nigerians. The exchange rate of dollar is now N860.

Was this one not the one printing swearing aso-ebi the other time wven when thugs openly derailed the questionable voting process.

helinues:
It's a waste of precious time to read long bunkum epistle



Farooq self don dey behave like Patrick Obahiagbon. How person go pronounce this Sadomasochistic without teeth removal?

They have resumed their job of derailing public opinion formation process.
You call it an epistle you have no time to read but replied to its content by tagging it bunkum. You lied and immediately exposed yourself.

All the advanced nations have far weightier welfares compared to ours yet paid crooks like this are always trying to bully people into swallowing the pain of subsidy removal. The same corruption they claimed they were avoiding by removing subsidies is there to corrupt wherever that money is channelled to. The only reason they removing subsidies is to preserve the looting margin they are used to from Lagos state.

These racist, neo-imperialist institutions have had tough luck everywhere in the developing world encouraging leaders to embark on programs of mass pauperization of everyday folks. Countries like Kazakhstan, Ecuador, Bolivia, Indonesia, and Brazil have backtracked and re-instituted subsidies that the IMF had forced them to remove because of the deleterious effects of the removal of subsidies on the poor.

I warned and warned about this pattern but they allocated me a villages in Abia, Osun, Anambra, and Ogbomoso at the same time.
The people asking you to remove subsidies are the kings of subsidy and welfare. They subsidize power, road, security, food, education and more. They have mad intervention funds for industries. They out produce you in all areas and know their excess produce will be your only hope so discourage what makes the customers able to produce theirs locally.
The masquerades from Ayedaade and Iragberi called us names.

As it stands, govt isn't the one increasing and decreasing petrol prices any longer. It the market forces but with a twist to it. It is called the Nigerian market forces or corrupt middlemen syndrome.

@topic and OP, I stressed those points too before the demonic removal but the deamon you engaging in a convo, used many user accounts to support a blind removal of subsidy.

Today, no one has been jailed for subsidy fraud, consumption only dropped a meagre 28-35%, corruption won't allow Nigerians believe in N8k palliative.

UK and US have huge welfare schemes for individuals and industries but told us scrapping ours was the best choice and one uncle Yekini accepted the bullshit wholeheartedly. EFCC are only after Yahooboys and not the alleged massive fraudsters in subsidy. Even with suspension of the chairman.

Blue3k:
Inflation occurred so purchasing power decreased. Everything is spent in the example. In the example. It's possible because it's a hypothetical economy for simplicity. This is why the economy has 1 product that is consumed exclusively. If you had a problem with the premise you could have stated that earlier.

Other that that it still explains how and why increases in money supply without increases in production results in higher prices. You can add more factors like imports exports, multiple goods, and marginal rates of saving but the results remain similar.

you mixing it up. More money resulted in inflation but not directly. Currency rebasing is what leads to instantaneous appearance of inflation.

I am a rice farmer and seller and do sell 3600 bags a year. Along the line rice becomes less available and I have just 1000 bags for this year. I know if I go at the old price I will run out of stock by April so I adjust a little by jerking prices up until demand returns to a level my 1000 bags can last me through the year.
Now govt prints more money, paid workers in civil service and contractors handling constructions but I got no part of it. Well I won't seat down and allow people who couldn't afforded my harvest before suddenly exhaust it by June with govt printed cash in their hands. I have to readjust to the new level of money in the system. Thus a price increase.

Now such readjustment comes with speculation. The printer of cash will always lag behind the producers of things when it comes to increases thus inflation.

God.

Raregem9000:
Why can we borrow money to build railways but can't borrow to build a functioning refinery?

refinery will be in south but rail in north. The owners of Nigeria are northerners.

Atiku and Obi were going to remove it too. Stop associating it with Tinubu. The man who took loans to build rails to Niger is laughing somewhere now.

Can such picture come from zamfara?

Reinamaria:
Use that 1k to buy bags of cold pure water, sell, make some profits, before thinking of eating.

too risky.