₦airaland Forum

Lol.

According to one oldskool Nairalander, "they should hold their leaders accountable and insist they deliver".

Whatsapp group - https://www.vanguardngr.com/2023/05/soup-improvisation-women-find-soyabeans-more-useful-as-egusi-price-soars/

Lol.

Thank God Dorsey isn't behind this but those Musk ditched.

Nigeria ma quantree.

Smuggle petrol out and now electricity? I give it to Nigerians. We are fantastically corrupt indeed.

Lol....so funny.

Cryofigbos:
So many ignoramus coming out with gibberish mentality but tinubu's team are professionals ready to engage and educate the illiterates

I wonder what these professionals have to say about agbero and bandits taxing the poor man out there

Yahoo boys campus. OOU

It is favouring them and their families.

A govt after indices and big organisation but sacrificing SMEs to achieve the former in a third world country.

The people govt is taxing but cannot protect from terrotists killing their businesses. Agbero govt is what we are currently running. A govt after corporations having good indices but SMEs dying.

How many can define love correctly? What we call love most times is feelings for socially accepted partners.

Absuchat:
When the breadwinner starts losing bread

I will rather say when a breadwinner starts exchanging some of his bread for what the bread server ought to handle.

The same way we crave FDI ,albeit, ignorantly is how they push for what they lack. It is called demand and supply with pricing as an intermediate force. Next time, govt of African countries should be liberal and train more doctors since they have lots of capable and bendable minds at disposal. All these cry of "they are poaciing our doctors" since will change nothing.

Love o love o o o.

Where I wan start from?

He is booster of GDP and not hiding files in one MDA in exchange for huge oyel money sustained salary.
The forex to import new car parts is saved when folks like this repair those parts locally. I am not an Anambra or Abia urchin but this dignified labourer deserves commendation and not condemnation or ridicule.

grandstar:
I don't see anything wrong with the way the subsidy was removed or the Naira floated....

One thing wrong with the naira floating is the pressure leisurely imports will put on essential imports.
Hair extention, wines, fancy gadgets importers will start competing for forex with farm and industry machinery/equipment importers. While the importers of leisurely goods have right to do so, I don't think it is wise to allow that without heavily taxing such imports to discourage end users from keeping up the demand of such GDP-shrinking imports.

Petrol subsidy could have been better phased out by building industrial cities like Eyimba example in abia around cheap power plants whose output cannot end up in neighbouring countries by mistake or being used to watch AfricanMagic leisurely at home.

An abrupt and ill planned discontinuation of subsidy was typical of the Nigerian govt and their fire brigade approach to sensitive issues.

Kukutenla:
The commenters are Agbado bats. What he means by minority govt is in the context of the fact that overwhelming majority voted against the ruling party. That's a repudiation of the eight years APC has spent in govt.
The truth is the country is still hurting from that forgettable eight years such that even the SW wing of APC are sparing no blushes in calling the regime names. So to introduce subsidy removal in that context is not only callous but as thoughtless as Rehoboam's speech that ended the union of Israel and Judah.
That said, even the World Bank which has been the poster boy of such reforms in developing countries from the 80s has come out to criticize the policy, Let me mention the obvious cluelessness of where to go next after subsidy removal and floating(devalue in real terms) the naira. I remember an article in 2021 or thereabouts which asked what would be next when Osinbajo then VP raised the need to devalue the naira. We're at that point now. And there seem to be no idea in the room except waiting for manna from heaven in the form of FDI else, we simply die here.
I already highlighted the problem with FDI in a thread I opened, which is that unlike 1999, the rest of Africa, especially the leading lights are not in the mood to kowtow to Western imperialists in the guise of chasing FDI, judging from the last outing in France. Secondly, FDI does not necessarily mean development in real terms. 1999 again is a prime example. Economic growth, yes! As the numbers will start to look up and look good but all round development, the type we really dream of to solve our perennial problems in power, transport, trade, education, health and technological innovation may remain elusive.
So we're back at the same question asked Osinbajo then, what next?

So on point!
FDI will make indices look good then finally they repatriate their profit when you are dry and leave your drier suddenly. That's why as critical of Dangote as I am, I prefer a man who has no where else to go with his profit than one who will eventually go away with it.
The main gain of FDI is local job creation associated with local production. That's why I think Government should be involved in business and only maintain substantial stakes in businesses run by cost efficient and capable hands. Like Dangote refinery. Imagine a 40 or 50 percent stake and the forex it will put directly in govt hand as against begging Dangote to sell cheap forex in the future as we saw Emefiele do some months ago. Same emefiele supervised unconditional flow of cheap forex to Dangote, a private businessman.

What we have today is a govt just tampering the with production and waiting for manna from heaven in form of FDI. The whites are not God or gods over us and have their own huge challenges so are less likely to come to a lawless terrorist defending territorial entity like Nigeria to make some little profit whose repatriation isn't even guaranteed because we need the forex to import basics.
Until the govt makes production attractive in cost, ease, security and more, we are just practicing textbook fantasies of economics and aggressively regressing albeit unknowingly.

Will they hear word?

The west needs STEM people and not lawyers or accountants. They need essential commodity producers and essential service rendered according to Ephesians 4:28 and not musicians or artists.
They need industrial machines turning and firing. That's what drives the GDP up and prices down. The multiplicative effect means lower prices and higher supply gives more people access to services and goods. That's why they can average £50k in welfare and be telling us to cancel subsidy.
California alone is more productive than the giant of Africa and that connotes midget status for Africa as a whole.

Intl bandits?

Rolings:
BIG FAT LIES

Nobody expect you to praise the government you oppose....does that mean you should wish citizens including your friends and family bad?

Moronic praise singers always believe you hate their masters if you don't synchronize with their tune.

INSTANTCASH345:
Mumu comment.

Person wey buy car before subsidy remove for 1.8m sold it 2.8m in my face.

When prices of foreign toks rises,the Nigerian used cars will also rise in respect with this.

Cars bought 3m before removal will be sold at almost 4.5m after removal of subsidy and also the 40% increase in custom duty.

less use means less sales and by extension lower prices. Be concocting moronic comment up and down there.

omohayek:
That must be why Chinedu Rhodes-Vivour is now governor of Lagos State. Oh wait ...

where was your analysis and epistle when Agberos and thugs took over polling units in the Gubernatorials in Lagos?
Omo Eko by convenience. Nonsense!

Lol.

Imagine how all MDAs will perform if in hands like Marwa's

Who will buy N2.5m and above of Tokumbo, when owners are trying to readjust by selling for less.

Lol.

Nice compilation. Disembodied spirits abound and seek embodiment.

Genesis 4:14 - Behold, thou hast driven me out this day from the face of the earth; and from thy face shall I be hid; and I shall be a fugitive and a vagabond in the earth; and it shall come to pass, that every one that findeth me shall slay me.

Also who did the sons of Noah marry?


God definitely formed more than Adam and Eve.

That islam came to Ilorin before Yoruba culture, or what is the emir implying?

allthingsgood:
U just like complaining over nothing

nothing you say. Subsidy was taken away to allow repayment of these questionable rails.

What are they doing with all the oyel forex earning then if they cannot meet forex obligation to investors?