Coleon's Posts
Nairaland Forum › Coleon's Profile › Coleon's Posts
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ORIENTATION101:If you also use your head, you will notice the report also stated that it's for H1 only which covers January till May when the supposed consumption according to you was 65million. So what exactly is your point? |
jahsharon:Its either you enjoy deceiving yourself or you like being deceived. NNPC itself came out to say it has not paid a single Kobo as subsidy to anybody since 2015. So who are these ghost cabal benefitting from subsidy that the government has not been able to name since time immemorial? It's because there's no cabal anywhere benefitting from subsidy other than you and I. The only reason the government removed subsidy is because Nigeria is broke and instead of the stupid government to start from themselves by reducing the cost of governance they started from the masses by removing subsidy and enriching themselves so as to have more money to loot. Now ask yourself if you truly just like being deceived or you like deceiving yourself. |
AllenSpencer:I actually enjoy applying Laplace transform in solving 2nd order differential equations. The method I despise is the frobenius method of solving ODEs. |
lexy2014:Are you minding the sycophant? Dollar and fuel subsidies are still being paid. What is happening is that the government is using the regulators to control the price. It's whyost filling stations are not selling because the landing cost is above the 600 government wants them to sell. On the dollar part CBN directs banks the maximum prices they can bid from FMDQ that's why you see the rate on official market is 740 but on the parallel market it's 940. I wonder how they are blind to this and saying FX is aligned. Aligned koh, car alignment ni. |
ORIENTATION101:You are the ignoramus that should use your brain instead. Fuel and FX subsidies benefits 200 million people, the government looting subsidies benefits only a few hundreds of people yet a Dundee on nairaland feels it's what benefits the majority that should go first while the ones being looted remains and he got likes for the stupid comment. Now I really know that the problem of Nigeria is not the politicians but the ignorant sycophant that abound. |
Toks2008:Whenever people are doing shit jobs they will end up converting pounds to naira or dollar to naira as if it is naira someone staying in the UK will be spending. Monthly insurance alone is almost 200 pounds while rent is 750pounds. Yet you are converting pounds to naira for someone working and staying in the UK. You are not serious at all, the same UK that I go on holiday every year is what you want to be telling me about. It's not everybody that has lost all amount of human dignity like you that will go and become a cleaner or janitor in the UK because of so called pounds conversion that will give you nothing at the end of the month once you are done paying bills. I have a friend that just committed suicide in the same UK, it's this kind of situation that pushed him to suicide. |
Hpesoj:Whenever I see ignorant posts from people that knows next to nothing about intl trade and how the world works I just laugh. Imagine someone asking for benefits of being a member of an economic alliance like BRICS. If this question is coming from a genuine place of not knowing and willing to know it's fine but if it's a rhetorical question I will just laugh at your ignorance. There's no country that needs to join BRICS at this time of utmost collapse of our economy than Nigeria, Nigeria's trade deficit is almost 90% because we export only crude oil and imports everything, we need to urgently diversify our dependence on USD and find better trade partners and BRICS will give us that opportunity. Imagine the kind of trades Nigeria can do with Saudi Arabia alone or UAE while this alliance can offer an alternative currency of trade other than USD which will help our economy a lot. But someone on nairaland is asking for the benefit of BRICS |
Toks2008:I'm not sure you understand the UK policy on sponsorship migration bro. Any employer that employed someone who came through sponsorship is liable to pay heavy fine and most employer will not want to risk that. The only alternative is to find a non registered work like hourly cleaning or janitorial services that will not arouse the regulators check . Now imagine someone who was probably a banker in Nigeria and paid 10000 pounds to immigrate going to the UK and becoming a cleaner. Do you wish your enemy that kind of life hence it's no surprise they won't do that kind of job you are proposing. |
It is with shocking news today that I read Argentina, Ethiopia,Egypt, Iran and Saudi Arabia have all been invited to join BRICS while Nigeria should the so called giant of Africa has been ignored. Now I don't know is Nigeria indeed applied to join and was ignored or we didn't apply to join at all. Whatever is the case between both situation is a very sad one indeed. How do we explain Ethiopia joining BRICS and Nigeria being ignored? Its a big blow to those managing our foreign policies and Tinubu administristion . This would have been an opportunity to diversify our reliance on USD and reset our trade partners to offset our global trade deficits with better trading partners but of course as with all things in Nigeria lately it's always a bad omen. I'm just tired of hoping this country will get better one day but the trend is not looking good at all. |
cococandy:You are not getting it do you. If you get into the UK via the sponsorship route which is the case here, you cannot do any other job apart from the non existent job that sponsored you into the UK. So you can see their dilemma now. |
Teenaira:You are the dumb one here. If you don't understand anything about what's going on then it's better to shut up. I will respond as a public finance guru but if you like keep following the political herd mentality na you sabi. Firstly,the narrative that subsidy only benefits some few rich people is a myth the government is spinning to make you buy into her policy of subsidy removal because there's no few cabal anywhere that's benefitting from subsidy other than the middle class and the poor like you and i. That's why the government has not been able to provide just one name of this mirage cabal since time immemorial.Nnpc herself came out and said they have not paid any subsidy money to anybody since 2015 or so when buhari became president. What has been happening since then is that nnpc is the sole importer of petrol in Nigeria and they embarked on this crude oil for refined products swap deal that once petrol is imported through crude swap it would be distributed to petrol marketers and that kept the fuel price at a controlled price, but that has an implication on the government's revenue because if the products being swapped for petrol were sold it will result into more revenue for the government to spend. The national and subnational government needs more money to spend which is why they all backed subsidy removal so that more revenue from crude oil sales will come in and they can share. Now, government generating more revenue anywhere in the world is not a bad thing but in Nigeria it is. The moment subsidy was removed more money goes into the government purse but you as an average Nigerian pays a whole lot more while government everywhere legislooters, executheives, states, LGAs will have their pockets filled and will loot a whole lot more. So you see why the subsidy removal is a loss for you and a plus to the government coffers! Secondly, on the floating of the naira. I don't know what consultations Tinubu made that is being appraised by zombies like you. There's no economy in the world except the US that floats her currency to be driven by market forces of demand and supply. The US can afford to do that for obvious reasons because it's the currency of the world and all they will simply do is to reduce the volume or increase the volume to dictate the value of the USD, but a certain Tinubu who heads a country that produces nothing but imports everything decided to float the naira despite the obvious trade deficit. How on earth do you think the value will not be dwindling daily when it's obvious the demand far outweigh the supply.I for one and so are many others have been mopping up any dollar available since time immemorial because the naira is right now as useless as a tissue paper. These two issues are what's responsible for the present state of the economy and sorry for you there's no better tomorrow anywhere if these policies are not reversed urgently. Fuel price will continue to rise while naira will be doing bonanza. You people just keep believing in false hope that it will get better when the fundamentals already shows it will be getting worse. I thought Tinubu was smart before he became president but right now I think Buhari's IQ is even far better than his own in terms of how he's managing the economy. Mind you, if you don't have anything useful thing to say in response and you tag me ipob because I said the obvious truth ofo lo ma SE because I'm a pure yorubaman. |
mondpen:I actually told one zombie on this forum who told me to bear the pain of subsidy removal so we can enjoy tomorrow that before that tomorrow almost all Nigerians will be dead from poverty. There's no enjoyment tomorrow for any Nigerian instead it's more suffering an the earlier you know it the better for your sanity. Removal of subsidy simply means more money in the government purse for executheives and legislooters to look and steal. If you are a zombie and you quote me I will use all my piled up frustrations from this government to curse your generations unborn. |
bakynes:It's a lie you are a Tinubu supporter. If not you would have told yourself the honest truth that plans should be in place before subsidy removal. What about the floating of the naira that made dollar almost 1000 now. It's also buhari that did that and obi and atiku told him to do that too. You people keep dragging others into your druggies ineptitude. |
ebenholer2:Please don't get me angry more than I already am. You must still be a toddler and don't know how impact Tinubus useless fx policy is doing on our business. What is the ignorance in saying Tinubu is appointing 48 ministers when indeed he actually is. I don't want any zombi to near my mention please. |
Hadeylex:Just imagine what this fool is doing. This is the same man that is telling you to sacrifice in the name of subsidy removal yet not ready to cut down on the cost of governance while using political position to compensate his cronies and as usual his zombies have flooded this thread to normalize his ineptitude. If I should hear anybody telling me to sacrifice I will swear for you. The sacrifice should actually be top bottom and not bottom up. The only thing we enjoy as common man was the subsidy yet that has been taken away to put more money in the hands of politicians. It's just sickening to think that dollar is almost 1000 yet Tinubus cabinet is the biggest in the history of this country. I'm tired honestly and I just wish something should happen God. |
Urbaninspire:You are very wrong on this one. Insecurity is one of the flimsiest excuse to japa from Nigeria. Let me shock you, do you know that more people are killed daily in the streets of Chicago alone than the whole of Nigeria despite all this our security challenges? Infact you are safer on the streets of Lagos than in anywhere in the US for instance. |
aybabz101:You must be very insensitive and shallow in thinking if you don't know what the government can do at this point. The first point of call is for any sane government that wants followers to understand is to do a self audit and purge itself of wasteful cost of governance but your mumu government has not led by example. They have instead allocated 70bn to national assembly members while Tinubu is flying over 10 presidential fleets, many senators and his would be ministers are earning jumbo retirement packages as pensions etc. It seems you like being a slave and wants other sane Nigerians to join you in being enslaved. Have you asked yourself how you expect the masses to cope with the inflation going up by the day. Keep supporting your oppressors. They should return the subsidy if they don't know what to do. |
Freelancerr:Please stop attaching Messi with Ronaldo. There's no dual goat in football as the debate has long been settled. Only one goat sits on the throne and that's LM10, any other attached can share second position with Ronaldinho or zidane. |
juman:Are you ok at all? Can you mention one step Tinubu has taken that has benefitted your life and improved your well being as a Nigerian. It's fools like this that always make me regret being born in this country. |
trutharena: |
trutharena:Ode like you, there's no formula that works with sharing money. Please who is your state governor and how do you intend to hold him accountable if he mismanages palliative money. Perhaps you will go to court since it's your favorite line. Mumu people following a mumu party cos of tribalism. |
DomPerignon:See this mumu quoting history when I am telling you the reality on ground. No history can save your ignorance and the ignoramus liking your post. The fundamentals about Naira devaluation now is basically a matter of demand and supply where the demand far outweigh the supply so any other irrelevant nonsense you have stated to sound knowledgeable is a waste of your time and data. You cannot be telling someone in treasury what you know absolutely nothing about, you are just an ignoramus ode trying to sound woke for likes from ignoramus like you. |
DomPerignon:When I see comments like this that get likes I just know that most Nigerians are plain ignorant about the economy and how it works. What's making the exchange rate worse is not some money kept somewhere it's simply that there's no supply meanwhile demand is outrageous. As at yesterday almost all Nigerian banks have billions of dollars of backlogs of matured fx obligations yet to be settled dating back to as far back as 2016. Until all that backlog is cleared there's no hope for the naira in a floating regime. Even when the backlog is cleared there still won't be hope cos everyone has lost hope in naira and dollar supply will still not be adequate . |
Rayban25:Aka agbadoman |
Battlefield2:This response displays shallow thinking and primordial sentiments. So you think if atiku or Obi had won the election and their response to rising inflation,taxation and massive devaluation is to share 8000 to some ghost party members you think we won't protest or criticize the useless policy. You are a zombie for thinking this way cos not everybody is a zombie like you. Some of us whose brains are still functional will criticize useless government policies irrespective of who won cos we are highly impacted with the braindead chief drug dealers decision to share crumbs to his zombies in the name of palliative. |
nairalandkachy1:For the first time in my life, I am beginning to really regret staying back in this country due to my huge emoluments instead if migrating to Canada in 2020. This government is going the route buhari went and Nigerians are simply tolerating him. He's showing signs of being worse thab buhari and fools are leading me on. Incase you don't know dollars is now over 800 even in the official window, to clear a Corolla now you need over 2.5m not to talk of benz. The middle class has been effectively been taken out and made poor in this Tinubu economy and the response is to borrow $800m to be shared to party supporters in the name of palliatives!!! What are the labour organizations and civil society doing? By now we should be out protesting but the usual naija he go better is the response as always. In case you don't know, that your land or house if you have any will be sold to your friend that japad 2 years ago because your purchasing power has been reduced while his has increased due to the devaluation and inflationary policy of this demented man. |
HITsquad:You are so correct, infact over 90% will rather not have sex with condom. The next thing you will hear after inserting is sha don't release inside me. It's men that are afraid of sti ladies act as though are immune to it. |
Kenog4real:I have been on the lookout for the slowpoke that will support this and here you come. If Tinubu did not start this why can he not end it? His government is the one that came and removed all sorts of subsidies on petrol and education then he should lead by example to reduce cost of governance. Why can't he remove all this wastage with the speed he used to remove subsidy. It's like the bondage they put you is very comfortable for you and tribal sentiments is what puts food on your table. I'm just fed up for this country and it's not because of the leaders alone but because of morons like you that supports everything the government does for tribal reasons like zombies. |
Lannister360:The chain in his neck is so tight that it has gotten to his brain, as in the chain has damaged his reasoning faculty beyond comprehension. A Zombie is an understatement, if you find out his motive very well, it's because the president is from his tribe so whatever he does is pleasing to his eyes. Very soon, we may start tracing zombies to teach them some lessons cos we definitely can't continue like this. I have suffered severely in the past one month due to Tinubus ill thought out policies that paralyzed my business and yet a zombie is spitting this rubbish online. |
Parachoco:A Zombie on the beat has been spotted.Has the increments in levies and taxes he introduced in Lagos since 1999 reduced till date? Just look at what a full grown zombie is saying without shame online. What economic indices gives you the impression that prices will come down by 2025? I suppose it's the usual zombie way of let me support anything he does since he's from my tribe. I am fully ready for zombies now because Tinubu has destroyed my purchasing power personally because of his ill thought out policies. |
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