₦airaland Forum

Pecoleee345:
The problem is we focus too much on the presidency forgetting the one we should hold is the governor.

We should go Abuja to face tinubu while leaving the governors abi
I don't know if this governors are using jazz or we just have alot of educated illiterate in Nigeria.


Your governor is suppose to create job and better the likelihood of where you residing that why he get allocation every month.


Better start asking your governor what he is doing with your money and leave the presidency alone.

You are deviating from the real issues here my friend and trying to divert blame on your principal to the states.
While not exonerating the states for their incompetence, the very idea of sharing money every month to states is even wrong in a federation. This is because the states are also meant to stand on their own and generate their wealth.
To the issue you raised, the federal government is to blame for the massive inflation going on in Nigeria today. The states do not control the economy and they don't dictate the fiscal and monetary policies affecting the economy. Specifically, Tinubu's policy of floating the naira and fuel subsidy removal is what has caused the massive inflation going on in Nigeria today so why are you blaming the states for that?

postbox:
SOURCE:https://brandspurng.com/2024/01/02/nigeria-aims-to-raise-oil-condensates-output-to-2-6-mln-bpd-by-2026/

Another news on we shall, we will. This man is still campaigning after an election he claimed he won. He better gets to work and deliver on his promises.
You cannot be buying SUVs for your wives and politicians and be telling the people to bear pain of your ill thought out policies.
I have been trying to point out just one things Tinubu has done since he assumed office but unable to point at one, all he has done is to turn the economy upside down and still campaigning after election.
Just today I read that fuel will soon be going to #1200 and I nearly fainted, his zombies will soon come and tell you to bear some pain while politicians are feeding fat. What a useless country with a useless government.

Indifferent12:
Will dangote sell to Nigeria marketers in Naira or dollar?
Giving that the refinery is in a free trade zone

You know I have been laughing so hard when I see some ignorant people here saying Dangote refinery will solve Nigerian FX problem and reduce petrol price. A lot of people wallow in ignorance and self deceit to make themselves happy in Nigeria.
The only benefit Nigeria will get from Dangote refinery production is the reduction of freight cost which will not amount to NGN30 per litre.
I have been opportuned to see the guarantees and forward contracts backing this crude oil sales to Dangote refinery and the guarantees were indeed quoted in USD.
What this means is that Dangote will have to pay for his major source of raw material (Crude Oil) in USD, Dangote equally will sell to Nigerian major supplier from his free zone in USD and Nigeria's FX problem and quagmire will remain.
Aside the problem I stated with supply in USD, Dangote has debts to repay back to lenders in USD and the running operations including salaries of the refineries are in USD so why will he earn money from his products in another currency?
There's a reason Dangote deliberately does not want to refine pms yet and it's because he knows the government is still subsidizing petrol and he does not want issues for his refineries yet.
This year will be interesting to see how APC's supporters hope on Dangote solving the country's problem will be dashed.

favor914:
The truth is a very bitter pill to swallow, you lazy ungrateful things should keep waiting for a messiah.

The President in Abuja, 1 man should curb insecurity for 200 million people in a democratic system of Federal, States, & Local Governments where we have the opposition deliberately causing insecurity for political gains ?

Read what you wrote and ask yourself if you are not stupid. Tinubu swore an oath to protect the lives and properties of Nigerians as the C in C. He will be held accountable if that does not happen even the remotest of village in Nigeria.
The state governors or local government chairmen you mentioned do not have powers to control the police or armed forces but Tinubu does because he's the C in C.
So yes, Tinubu should be held accountable if security fails anywhere in Nigeria.
A lot of you don't even understand what you quote and are useless in life. That's why you come online to spit rubbish just because you want to defend your useless masters.

naptu2:

https://www.youtube.com/watch?v=PqdpOFfpnjs?si=Qit8XyuHxkdbQc5j

Governor Babajide Sanwo-Olu will today commission projects built by the chief of staff to the President, Femi Gbajabiamila. The projects include:

1) Femi Gbajabiamila Conference Centre at the Lagos State University, Ojo. (11am)

2) Dualised Babs Animashaun Road and Census Bridge, Surulere. (1pm)

3) Sam Shonibare Community Development Centre, Surulere. (1.30 pm)

4) Femi Gbajabiamila General Hospital, Iyun Road, Surulere. (2 pm)


The Speaker of the House of Representatives, Right Honourable Tajudeen Abbas, will tomorrow commission projects built by Femi Gabajbiamila and they include:

1) Femi Gbajabiamila Hall of Residence, University of Lagos, Akoka. (10 am).

2) National Open University of Nigeria (NOUN), Surulere Campus, Clegg Street (by fire station), Ojuelegba, Surulere. (Noon)

3) Bode Thomas Police Station, Census Area, Surulere. (12:30)

4) Femi Gbajabiamila Mini Stadium, Orile, Coker Aguda LCDA, Surulere. (1 pm)

5) Reconstructed Randle Avenue, Surulere. (1:30 pm)



Pictures 1-3) Femi Gbajabiamila Conference Centre at the Lagos State University, Ojo.

Picture 4) Dualised Babs Animashaun Road and Census Bridge, Surulere.

Ride on our next Lagos state Governor.

Ahmed0336:
I don't know why I have a feeling that Femi might succeed Sanwo Olu come 2027

It's not a feeling, it's cast in stone except if an act of God happens. Can't you see that Hamzat is so jittery and uncomfortable once he sights Gbaja.

TopBanter:
The country began "sinking" today abi? If I ask you to make suggestions on how to stop the sinking' in the seven months Tinubu has been President, since you are more intelligent and expert than the 'slowpoke' Tinubu and his technocrats, can you you do so here and now immediately without excuses?

Please do so let us all critique your expert and all-conquering suggestions so we can collectively mock Tinubu a failure even though I suspect it is you who will be mocked for 'simplistic ignorance' and lack of relevant knowledge.

Why are you passing that burden to him pls? It is Tinubu that contested election to be president and not him , so why should he be the one to fix Nigeria?
Some.of you are so used to suffering and bad leadership that you defend anything you see.
Even though I am not the president but in my own small leadership position I can list at least five things I will do differently that your messiah has not done. Useless slaves always defending their slave masters.

tunjijones:
U people should rest. So he shd resign because Peter obi did not win.

How come you pple accepted the result of Abia. State? Why didn't you reject that too.

See this one talking out of ignorance. Are you aware that even the Abia state election you mentioned is still in court and the result was contested?
There's no single election the fraud yakubu conducted that was not contested. You cannot promise one thing prior to election and do something else later your credibility will be tarnished.

Godszilla:
Fyi

Are you not aware that a lot of people here are daft and ignorant? They just come online to quote what they don't know out of their ignorance.
Stupid people.

Newsmic:

https://www.youtube.com/watch?v=Amyn1MQC7Vw



https://gazettengr.com/argentine-president-begins-flying-commercial-to-lead-example-in-countrys-cost-cutting-measures/

Freestussng,pakute and their fellow zombies should come and see how leadership is being done by example. In Nigeria, the drug baron in aso rock is flying private jets anyhow throughout the globe, buying SUVs for his wife and concubines, building mansion for VP with 15Bn while telling the citizens to enjoy pains.
May all of you supporting this useless government rot in hell.

Paramount01:
Wha is the role of federal govt? Who closer to the people? Where can impact of Govt be easily fealt? When your roads and Electricity spoil who is closer to you? Federal govt is to make all that is necessary available, Federal Govt have out palatives to state Govt,l to share how many state Govt share it, Federal Govt gave bail out, how many states share it? The positive impact of Govt is easily felt by the people from local govt and who controls local govt?

It's either you are deliberately acting stupid and ignorant to prove a point to your masters or you are indeed stupid.
It's the constitutional duty of the federal government managed by Tinubu to manage the economy well and provide security to the people. And in those two areas Tinubu has failed woefully. Now you transferring that responsibility to the states is what I don't understand.
Is it the state that manages the economy? Do they control inflation or manage exchange rates? What about security , who is the C in C?
You miscreants will just come online to change narratives to shift blame on your principal. Nonsense.

Jonjam269:
Obirodents have turned Nairaland to Wailingland. Losers

Are you people just silly or what? If you think this is just about election and obidients then you are just too naive. How old are you? Have you been to the market lately? Do you know how deep the hyperinflation going on is? So the people that are not obidients should suffer in poverty and pernury because the government is incompetent and cannot manage the economy.
This is not about election and people's choices in the election anymore but about the lives of Nigerians. Very soon APC will get that insurrection they are looking for and it will happen in 2024 if things continue this way.

4Play:
I don't know much about the crude oil supply arrangements to the refinery but I doubt the refinery will make much difference to Nigeria's currency depreciation issues which I think is driven by high inflation and lack of general confidence in the economy.

Supposing supply is via NNPC to the refinery, wouldn't that mean forgone oil export dollars? In other words, oil that could have been exported for forex dollars is simply diverted to a refinery in Lagos leading to less forex inflow into Nigeria.

The thinking is that lower import of refined crude will curb forex outflow/dollar demand. That is true. However, I suspect that much of the refinery's revenue will find its way out of the country as Dangote, just as is the case with the cement business and indeed many Nigerians/businesses, prefer to maintain financial assets offshore in more stable currencies like the dollar or Euro.

The net effect on naira depreciation will be close to zero. What's driving the optimism is Nigerians desperate tendency to seek for magic/easy solutions to complex problems. Next year, they will be looking for other sources of optimism after the hullabaloo about the refinery comes to nothing.

God bless you for this submission.
This was exactly what I stated earlier on this forum on the FX matter and some ignorant people called me a prophet of doom. I wish I can drag that nairalanda or whatever he's called into this matter.
A lot of oil money presently don't even circulate the Nigerian economy. Almost all the big players have FX just lying fallow in their account and will never convert it to naira.
Same thing Dangote will do and even at that he has loans in FX that he must repay. So how some gullible folks think a private investment will solve the country's FX problem is still a source of worry to me.

There are still a lot of mystery around this crude supply to Dangote by shell. The global pricing for crude oil is denominated in USD hence why it's refered to as petrodollar. Now if the forward contract between Dangote and Shell is denominated in USD it then means Dangote will have to pay Shell in USD for the supply.
The only way Dangote will pay Shell in USD is if he sells to local petrol supplier also in USD which is why I am laughing at those thinking this arrangement will reduce pressure on FX.
My expectation is that Dangote will get her supply directly from NNPC and they can work out a way of making payments in NGN.
I suppose this is the reason the clueless NNPC MD already sent a disclaimer that nothing will change in the pricing of petrol.
I will be waiting till next year to watch and see how events unfold.

nairalandankrah:
Says, Saboteurs frustrating Tinubu’s economic policies...




https://thenationonlineng.net/saboteurs-frustrating-tinubus-economic-policies-says-senate-leader/

Look at what someone's father is saying. Saboteurs should be held responsible for the failure of a whole government.
Shame is catching me for this man I swear.

Kingrshd3:
Some people still dey abuse APC or Tinubu when PDP and LP also support the naira redesign even with the subsidy removal that brought hardship to the nation ...

So who is a good leader now among Tinubu atiku and PitObi 🤔

If you think naira redesign is the cause of your problem today as a Nigerian.
Just look at yourself in the mirror and say you are big fool and your education is a waste.

lexy2014:
how does defending the naira against the dollar mean that the government is "subsidizing the lifestyle of the majority of the wealthy"?

who are these "majority of the wealthy" you are referring to?

has not defending the naira made them poorer?

Are you not aware that majority of Nigerians are foolish? They believe any lies being churned out to them by politicians or their pastors. This forex lie is the same lie they sold on subsidy removal, that it only benefits the rich whereas the major beneficiaries of subsidy is the common man on the streeta who enjoys cheap fuel and reduced transportation costs which also keep prices of goods and services low. But how the government used propaganda to make some idiots believe subsidy only benefits the rich is what I don't understand, today that the subsidy has been removed ask yourself if you have fared better and how it has impacted you positively.
It's the same narrative for the dollar, with pegging of the exchange rate in an import dependent economy. The prices of goods being imported whether directly or indirectly are kept within our reach and populace can afford it thereby making our purchasing power good.
But today there is hyperinflation in the land on every goods and services food, egg,chicken just name it are all dependent on FX but some foolish ones are still saying they are ok because the government has spinned their usual propaganda that it only benefits the rich.
Honestly, Nigeria is full of low minded people. What they don't know is that the reverse is the case for the rich and the useless politicians they support, the more the naira depreciates the better the purchasing power of the rich who has stockpiled the dollar already. I also earn in FX and more dollar loses her value the better for me too but I just pity the poor ones who have been reduced to nothing.

Putindbutt:
As long as the President is no longer using about 2billion dollars to defend the naiqa everymonth, it is fine. let the market forces determine naira value and we must deemphasise our excessive demands on dollars by seeking alternatives.

Look at what this ignoramus is saying. It is fine for naira to keep depreciating against the dollar, so to what end is your goal of you want naira to keep depreciating then what do you intend to acheive in the long run.
What do you think is responsible for hyperinflation going on in Nigeria today? You think it's fuel subsidy? It's this Naira depreciation that's causing the hyper inflation going on in the economy. The people's purchasing power is at its lowest, yet you are fine with naira to keep depreciating because one fool in Abuja promised you to suffer today for an utopian better tomorrow.
Better wake up and smell the coffee, there's no better tomorrow that you are suffering for today. The only people enjoying today and will enjoy tomorrow are the politicians and you their willing slaves will keep suffering if you don't do something about it.
Better wake up

Layi4real:
if u think it is very easy for Tinubu to build this country up Nd make it a working nation within this short period of time then try building up Ur life first Nd achieve all Ur life goals within a short period of time too.....
many people here can't even control there family well not to talk of controling an organisation

Don't you think it's stupid to be comparing how people run their family to how Tinubu is running the country?
It's like someone applied for a job alongside other candidates and after 6 months he's been found to be incompetent but your excuse for the person is that others should come and do the job if it's easy. Why did he apply for the job if he knew he couldn't do it?
So far Tinubu has displayed gross incompetence in the way he's running the country's economy.
And if your excuse is he met a mess on ground, is he not a part of the mess he met on ground. Is it not an APC government he himself is a part of that handed over to him, so what exactly is you zombies point of argument.

occfx:
E dey make cloth not to fit man... Me I just forget am there. By the time you reach 30s, e no go bother you again. If you wan do surgery go abroad make the remaining quack doctors wey dey here no cut your nerves commot. Another reason you should leave it be say girls like it. If u get woman wey like to suckk am, you go enjoy yourself well.

I agree with this one because most ladies actually have lesbian tendencies. When they see a man that can knack them very well and also fulfil there lesbian fetish they go overboard.

airsaylongcome:
Support does not mean approval. Approval would mean a document was signed by the president, in his regular signature

Lol
Look at this slowpoke trying to twist narrative to his fellow zombies.
Read what you wrote, what does that even mean? Support doesn't mean approval, so if you support something you didn't approve it niyen oh. You better enroll to another school in case you went to a school in the first place.

blamingthedevil:
Dangote Refinery working✓
Portharcourt Refinery working ✓
Subsidy Gone✓
Foreign Exchange Defending gone✓
Investors Confidence all time high✓
Capital Market at the highest index peak✓
Security improved ✓
Infrastructures projects continuity ✓
Lagos Ibadan Expressway completed✓
Apapa Oshodi Expressway completed
Enugu Onitsha expressway almost completed✓
Grants to Nano Businesses✓
Loans to Businesses ✓
CNG conversion ongoing ✓
Europe Gas Deal signed ✓
Rivers Crisis Resolved ✓

Etc
Etc
Etc

God Bless Federal Republic of Nigeria

Just ask yourself how all these nonsense you have quoted as acheivement has bettered your life when.
Bag of rice from 30k is now 60k
$1 from 400 is now 1300
1litre of fuel from 180 is now 650
A paint of garri from 1500 is now 4000
Augmentin drug from 7000 is now 38000.
Can you now see that you are a foolish zombie.

nairalanda1:
No matter what you think about me, it remains that an Angola outside OPEC is iminical to our interests.

Also, the palaver is, more and more nations are discovering oil. OPEC in a way is on its way to becoming irrelevant. The more and more oil gets pumped out , the more oil prices fall.

That's why long term, we need to diversify our economy away from oil. It is that simple.

Thank God we are both aligned that OPEC influence is waning and more and more countries will seek pull out and state her own oil terms.
If that's the case why was your earlier submission then centred on it affecting Nigeria to the extent of more borrowings or more taxes on the people. Why are you not stating for Nigeria to dictate her own terms as well.
If glut will reduce the price then let is be, what you will do is to increase supply to earn more revenue. This has been Russia's approach to stay afloat since God knows when.

4ward4:
go read his analysis and stop typing thrash!!!
Opec isn't just an Association of name, that organization have such much influence and I doubt if Angola will ever sell crude up to their price benchmark to remain relevant in the sector. Cheaper crude will be sold by Angola, thereby putting Opec countries in a tight corner.

Defender of the universe, even your own submission is contradicting his own position. While he stated OPEC influence is waning as more and more countries produce oil. You are stating OPEC is even more influential.
Fyi OPEC is only as influential as any country makes them to be, Russia has never been in OPEC but theyake the world sneeze on any of her oil policy. OPEC is only beneficial to Saudi Arabia and the other gulf nations, every other country there is just doing follow follow.

nairalanda1:
Anyone hailing Angola on leaving OPEC...should know it is bad news for Nigeria.

Oil prices fell on the news. Know what that means? It means Angola is free to produce and pump as much oil as it wants without any pesky OPEC quota...which means lower oil prices long term because of the resultant glut.

Angola is also free to sell crude at a lower price than the OPEC benchmark if it wants...especially if it needs the money now. (That's part of how Russia survives US sanctions, sports fans).

This weakens our revenue stream drastically, meaning we have to take more and more loans, or the government would have to raise your taxes well well, in the short term at least.

So, don't rejoice.

As usual I was expecting your half baked, ill thought analysis on issues. Why should Angola's foreign policy affect Nigeria if Nigeria is a functional country? Angola's oil reserve is not as much as Nigeria and both Angola and Nigeria were given lower quota. Angola had the nerve to pull out and sell oil at her own terms but Nigeria with more oil reserve than Angola cannot take such bold step.
Should that be the fault of Angola or Nigerian citizens? Why should that burden now be passed to innocent citizens in the name of excessive borrowing and excess taxation as stated by your ill thought analysis. If the government is bereft of ideas and cannot take bold decisions then according to you they should borrow or tax the citizens more abi.
You are always coming online to give ignorant and ill thought out analysis.

OlawaleBammie:
If u re not into an excess money I would say u should not venture into exporting for now, u can always do that later anytime u want.

Secondly, I want to tell you that no matter the position u find urself in the chain of trade u would always make ur profit if u put ur effort...I promise you that, but don't bite more than u can chew.

Thirdly, anything agricultural produce (especially the cash crops) are cocaine in disguise

Pls can we connect.
Capital is not an issue but I understand that field require pool funding and people with on ground expertise.

Sirchiboy:
Made a stand to stop sleeping with hoes coz I came into full awareness that nothing is so special about sex.
It will only drain your money and leave you in a state of perpetual regrets.

I stopped rolling with fake friends, backstabbers and hypocrites masquerading as real niggers.
Ota bi ore, ore bi it's koloun gbe won jina Siwa.

anonymous1759:
The motive is to make money not to answer boss on Empty stomach , a bank manager will answer Sir to a poo Parker In the UK when he comes to Nigeria with his heavy currency. Only fraudulent bank managers are rich .

Many of you just say rubish online out of ignorance. A manager in most new generation banks earn between 2-3m net in this Nigeria monthly, and you think that one is not ok by Nigerian standard.
Even if you make that amount monthly by doing menial jobs abroad,the bills you will pay will make you have nothing left.

malali:
Capital flight

[b]There is no business that can survive selling anything imported

Reason $1= 1200naira
The goods are now too expensive
Nigerians have very low purchasing power
These shops cannot make profit servicing only the few rich people in the country.
They are better off in a country with a buoyant middle class......

More shops will be closed, more foreign companies will leave as well.

Your Trade minister also has no clue what she is doing, you need someone who is tested and trusted, you can re-allocate her to another ministry, but get a trade minister thats ready on day one.

The senate should also start inviting all these ministers and questioning them on what are the measures they are taking to alleviate the sufferings of Nigerians. Tinubu should send another ministerial list to senate for clearance at least 2 for each potential ministry, so that the current ones can sit up and know that they are replaceable(Call them reserve bench ministers). We dont have to go through 4 years to know a non-performing minister !!!

Also, that mistaken identity bombing, No country should bomb its own citizens, In a civilized country thats
1-Grounds for impeaching the president. (You are the commander in chief, you swore an oath to serve and protect Nigerians).
2-The Army officer in-charge should have submitted his resignation honorably.
3-There should have been a ruthless senate hearing , where the army should have been cut to size and held accountable, killing Nigerian citizens mistaken for terrorists is high up there as treason in a country thats not at war ?? Even Ukraine,Russia,Hamas and Isreal are not killing their own citizens by mistake.

Sweeping this under the carpet shows weakness from a Commander in Chief.

Please Stop singing that song "Bola on your mandate"......You make the whole government look like a circus. It only makes the Commander in chief look like the Commander in Clowns[/b]

You have made very valid points and you are full of wisdom. Even you will perform better than majority of the people the druglord appointed as minister.
Nigeria is sinking daily and some miscreants even here are still driving this useless government to his grave. Just wait for one zombie to respond to the things you have with stated with "you are ipob Tinubu is the best thing to happen to Nigeria". It's a pity sharing this country with brainless zombies.

Kukutente23:
https://punchng.com/nnpcl-not-transparent-on-subsidy-dollar-revenues-wbank/

So despite the fous subsidy removal, NNPC is yet to be remmiting oil revenue FX to the federation.
Who do us this thing sef, we are not paying subsidy and we are still not earning oil revenue despite heavy debts andore borrowing by Tinubu.

phemray:
Oga calm down, no pain no gain. Moreso in
2023 election

Atiku= I will remove subsidy and sell refineries.

Obi= subsidy must go it's a scam.

Tinubu= no matter how u protest ooo, we will remove subsidy.

Jonathan= no promises of subsidy remove but find it difficult to have a good implementation team when he did and instead of standing by his action he backed out just after 2 weeks.

U see jagaban issues pass tribalism. He his a goal getter and a good planner.

During camping he had town all meeting with the labour union, industrialists, oil and gas stakeholders and it was concluded to be removed. No other candidates have such good moves to carry everyone along. And best is to remove from day one so that we start facing the issues at once.

Am feeling it as u, but it's better for once. afterall am targeting relief in the next 2 years. if in the next two years we got it right it's better forgetten than been postponed.

If Atiku won, there will be complain, if obi wins there will be complain and since Tinubu won and we hve complain shows that we want solutions without pains.
I strongly believed Nigeria has gotten it right this time.

Look at what this ignoramus is spitting out, Nigeria has gotten it very wrong and not right at all.
As it is fuel subsidy removal is even the least of our economic woe right now. The major problem is Tinubu's ill thought out FX floating, excessive borrowing and refusal to reduce the cost of governance.
This is what is causing the massive inflation we are experiencing, have you gone to the market recently.
Nigerias inflation is almost 100% you and it's not as a result of fuel subsidy removal but Tinubu's useless poor economic policies.
Keep supporting evil and justifying rubbish, I'm sure you are still being fed by your parents.

ElSudani:
Stop using foul language, makes you sound like a tout. Your ranting is a clear indication that you are hungry and trust me Tinubu has nothing to do with it. The earlier you know this the better for you. Otherwise, you will just die of hunger. I just pity the young children you may have, I have little sympathy for lazy, whiny folks like you who wants to open their mouths wide so Tinubu can shove cheap Thailand rice into it.

I have enough to feed your generations for years to come. Even in this Tinubus failed government I just added a GLE to my fleet.
My success is because I don't rely on failed government stipend to feed, unlike you who is paid 30k monthly to defend a failed government even at the detriment of your family and generations to come.
What a failed life you have, you are beyond redemption and nobody can help you.