₦airaland Forum

Mandate2023:
That's ur problem with northern farmers and bandits but the country won't stop bcoz of that.....I will rather focus on d positive side of d country than negativity

one step forward is worth celebrating to you even when 10 were taken backwards to achieve that one step forward. I understand your type.

Shortcut wealth always end like this. Either overtly or covertly

Next time don't attempt to steal fame and excellence.

Go to whatsapp group where the Ike Ekweremadus of this country are and advertise there. Also hope they don't change it into a grab it all charade when you have been sedated on operation table.

See the kind news BMC top commanders are clinging unto for achievement.

Can farmers farm yet without being taxed by the underground govt of bandits?

Hezzyluv:
...regular military men salary was around 10k NGN. But then, 10k is likened to 200k of today. Because, with that money, u can buy a bag of rice, gari, semo and other food stuffs with still some left change sef...

Lol... Naija ti lule(Nigeria has gone burst).

BloomingDale:
They will be the first to shield the yeye and corrupt politicians. Good for them. When they are ready they know what to do.

Now the real workers or producers are those in charge of things and so can adjust their earning by increasing prices. Those who coveted federal and state jobs out of their drive to earn without working are stuck on outdated pay and not enjoying it anymore.

psucc:
Only God knows how some people are surviving. Not only in the military, I know of many who have worked for over 20years now but earned 65k as salary.

Just 13years left to leave the service.

Everyone wants to be in service payroll without having to serve and when productivity (end product of service) suffers, the money becomes weaker and useless. They contributed to their plight in ways they do not realize.

In a country where a manageable meal is around N800 or $1. Nigerians are basically existing and hanging unto hope for good things of life someday.

Lots of terrible characters on NL. Some sit in a shrine with laptop and operate. One idiot like that is still on my NL DM as I speak.

What's responsible for low value in the north?

Lame excuse.

Yet we are all suffering the loan repayment that's in form of subsidy removal. Buhari did serious damage. We need a deliverer to undo what Buhari's deeds.

That's how they use commercial activity to launder their Okija shrine and Oganje shrine proceeds of glory and destiny for money.
We never talk drugs o.

nairalanda1:
Not quite.

In 2019, it cost N53 to produce one kwh of power (Moghalu), N83 (pwc) and power cost N20-30

Natrually, there were losses as a result.

Then about 30-40% of customers do not pay for power they consume as at 2019 (PwC).

All that adds up to issues with liqudity.

PWC has a good paper on the issue...read it here.

Nigerian political leaders love setting prices low...it is a cheap way to win votes., and stay in power.

...and who measures the unmetred power if not figures cooked by crooked discos who prefer estimation of bills.

Mjshexy:
Big waste of resources, if they had built factories or industries across the geopolitical zones in Nigeria, thereby engaging many of our youths and reducing this huge unemployment state that is a waiting time bomb, Nigerians would have appreciated it better than this nonsense waste of money (Loan) they have engaged in

thank you. If power plants were built around industrial estates that are secured specifically, it will be easy to sell cheap power to producers of basic commodities and not subsidizing consumption.of electricity for leisurely purposes that don't grow GDP in any way.

RuddyFusion:
What is the economic benefit of this project to our economy?

Do we have one within that connects Nigeria economic hubs? I don't think so ..it's this one leading to NIGER republic that's a priority
It's well

so they can bring in fuel from Niger and sneak in Hausa speaking islamists.

nairalanda1:
Because they have to make money, especially since from 2017-19, their prices were frozen and they were not allowed to increase prices, and also, because many of them owe debts to the point they have been taken over by the banks.

And they would have raised prices if not for the fact that the government is still setting their prices/they are not fully free to raise prices.

It's the same reason why other people like your local trader and bus driver raise prices. Cost of things go up.It's not nice, but there it is.

The prices NERC is setting aren't harsh in anyways. They reflect cost of production to a large extent and I endorse that because the moment NERC isn't there to regulate excesses, the discos will gladly choke Nigerians with extortion. If they cannot make prepaid metres readily and cheaply available like telcos did, let them gladly go burst and endure hypertension if they have to. They enjoy estimated billing because it gives them leverage to make claims and collect money for power that was never generated, talk less of being delivered to customers.

kettykings:
I still don't understand the business case for this railway project

The one they built within can not repay its cost in 100 years yet they are building more and removing subsidies to fund what, in my estimate, 75% of Nigerians cannot make use of. Wonderful economic policies of Tinubu and Buhari.

Can this project repay even 20% of its cost in 10 years?

In continuation of the movement of ND resource to develop NE,NC and NW, they will stop more subsidies to repay for this project. God!

nairalanda1:
Well, you want the truth, or the false story?

Truth: Government has been setting prices for electricity below the production cost to help the poor. Also, a significant percentage of electricity consumers do not pay for the power they consume.

The result, the sector cannot make a profit, and thus there is no money to fix things well.

This happened when there was NEPA, and when there was PHCN and now DISCOS and GENCOS.

(This 2018/9 paper by PwC gives the real koko)

If this your story is true, then why have the discos been steadily increasing the prices and only put that of second half of the year on hold due to outcry of too many increases in utilities?

You are not a smart liar.

nairalanda1:
Smuggling is a phenonenom that happens in all countries with explicit subsides on petrol like Nigeria.

Libya sells fuel at N14, and they can afford it, with a populaiton of 7 million and production of 1.7 m barrels per day. But that means that smuggling happens massively...to the point they are using air strikes to stop smuggler.

Yeah corrupt politicans and NNPC are part of the problem because subsidy=free government money-=corruption

In a counttry where anti corruption agent hardly catch anything outside YahooBoys, using air strike would have made sense than removing subsidy.

leokid866:
because Jonathan had nothing else to offer, he and his cronies like diezani had emptied the nation's coffers and where looking for money everywhere, and they thought let's remove subsidy....there was no buffer or plan set in place and it made no sense since oil was st 100$ per barrelat the time......none of the nations refineries were working and though Dangote had taking off he was still years from been viable......people are more willing to bear the situation now cause the current administration has promised Dangotes refinery will be up and running before the end of the year and we can all see them making moves to cushion the effects including speaking with trade and labour unions.......under jona trade and labour asked him to at the very least meet with them once so they can plan it properly jona refused which was what made labour get angry and join the protest......jona had absolutely no plan for what was to come next after the subsidy removal....Jonas wastefulness was what led the nation into a recession cause there was nothing left to work with when the new government took over.

lie lie.

omohayek:
What business does a "Biafran Patriot" have commenting on Nigerian affairs? Mind your own business and stick "patriotically" to your own country's internal issues.

shallow.

If they belong to non SE people expect a refund from FG. What madness. Bandits are still up north wrecking theirs(havoc).

bonnyhope:
Don't say others couldn't do

Jonathan came in 2011 and by 2012 he already saw the need to remove subsidy.


Tinubu himself mobilised people and kicked against govt policy then.

Now you are singing praises for him

Today Tinubu is president and sponsoring protests against the voices of majority and non partisan.

1Alex:
Only 5 billion?

that's small indeed for a country that grew from 50 to 200 million.

seguno2:
Most people equals what percentage please?

85%?
Or 65%

above 50%.

grandstar:
He who wears the shoe knows where it pinches. Miles Kyari isn't screaming the house down for the subsidy to go as it was insane.

Did you know that it was cheaper to buy petrol than you buy crude oil? That was how damned cheap it worse.

One does not need to know the exact volume to know how much the government saved or made now that its gone. Government can calculate what came into it after the subsidy was removed.

You are pro-subsidy, hence emotions dominate and not rationality.

Even if it did not cost a dime to provide the subsidy, it should still go.

The biggest damage it did was that it prevents private investment into refining. No bank will lend you $2b to build a 100,000bpd refinery where government fixes the price.None!

The only reason why Dangote and Bua were able to construct refineries was that they could leverage their immensely profitable and enormous cement business as collateral to secure loans.

Had the subsidies been removed since the 1990s,by now the country would be refining at least 2mbpd of crude oil. It would also have massive fertilizer and petrochemical industries. Power generation would probably hover around 50,000 Mw. Nigeria would be the defacto energy hub of Africa.

halfbaked analysis as usual. Subsidy cannot kill investment. Was there any promise to Dangote before he built Africa's largest refinery for $20B? The crooked way you reversed order and linked increase in refining capacity to subsidy removal is classic of all your monikers.

It was a matter of govt choosing to buy his finished product or from India depending on which is cheaper, faster and then subsidizing it to Nigerians via marketers. You suck at economic analysis even more than I initially realized. Stick to investment and corporate affairs news.

thisisit:
Decrease in demand for petrol energy implies:

Decrease in productivity
Decrease in GDP
Decrease in per capital Income
Economic depression and stagnation

TOTAL = INCREASE IN MULTIDIMENSIONAL POVERTY

somebody seated at home and watching AfricanMagic channel can't be categorized as being productive. Most people used it for leisurely consumption and not production of essentials.

Sammy4Joy:
You sir, are a very highly intelligent fellow.

I doff my hat to you!

No. What about vehicle owners who suddenly stopped using their vehicles due to price increase of petrol. That analysis is only good for cooking a drop in consumption figure by incompetent analyst.