₦airaland Forum

sulaak:
Before you link me to Tinubu, search my comments on this forum.

I despise Tinubu and everything he stands for. Nigeria needs to learn to be objective and discuss issues without being personal.

Nigeria doesn't have enough oil to swap or have you forgotten that Nigeria now produces less than 1 million barrels of oil per day due to government stealing. The Nigerian government was insuring bonds to fund oil importation.



The TUC, labour movement, and interest groups such as. Falana, Ben Bruce, Tinubu, Buhari and co all objected to the removal of Oil Subsidies. It was a public debate which was televised and available (see Attached )

Nigeria currently has $3.7 billion in reserves instead of $35 billion because the government has been mortgaging the reserve to JP Morgan and co to fund the importation and subsidy of refined oil. The funding and subsidy programme is corrupt to the call and both PDP and APC have benefitted from the importation of cheap refined oil.




https://www.youtube.com/watch?v=RLd8o8z-2CU

All these rubbish you stated up there just to cover up where you have been busted.
Firstly, if the nations reserve is depleted it is not subsidy but the wastefulness of successive government in this country. You cannot shift goalpost from saying government borrowed to fund subsidy to depletion of foreign reserve.
Secondly, which specific bond did Nigeria issue to fund petrol subsidy and what's the series of the bond I want to know.
Is it Sukuk bond that was used for road construction,Eurobond or FGN series. You think you can come online to spread falsehood to ignorant people and not be put in your place.

Rossikk:
THESE ILLITERATES DON'T KNOW THAT NIGERIA WAS BORROWING TEN BILLION DOLLARS A YEAR TO PAY SUBSIDIES.

SO WHICH ''MONEY'' OR ''SAVINGS'' ARE THEY EXPECTING TO SEE?

KAI... WE NEED APTITUDE TESTS BEFORE JOINING NAIRALAND.

THIS PLACE HAS BEEN OVERWHELMED BY IGNORAMUSES AND ILLITERATES!!

You are the illiterate and gullible one here. Nigeria has never borrowed one Kobo to pay for subsidy before.
Provide just one evidence to back this up, nnpc was swapping crude oil for petrol all through Buhari's government so where did you get your false narratives from?
Tinubu himself even addressed the nation and said he saved billions from subsidy removal.
Liar oshi.

sulaak:
Nigeria TUC are the dumbest trade unionist in the world. Nigeria was borrowing money to fund oil subsidies. You don't save on borrowing; you end borrowing to stop growing the debt and then introduce economic reforms. GEJ should never have listened to these stupid TUCs and should have removed the subsidies in 2012.

The TUC should be protesting to fix the refineries, end the stealing of crude oil and fight corruption.

You have made two very absurd points to absolve your sponsors of the guilt and spread false narratives.
Firstly, it was not the TUC that spearheaded removal of subsidy in 2012. It is the people in government now, headed by Tinubu and Buhari himself that sponsored protests against subsidy removal in 2012.
Secondly, you lied that government was borrowing to pay for subsidy which I find very preposterous. Can you back up your claim with facts cos the government from time immemorial has never borrowed 1 Kobo to pay for subsidy.
Infact nnpc was swapping crude oil for petrol all throughout Buhari's tenure and there was no single report that stated we borrowed money to pay for subsidy.
Furthermore, Tinubu himself came out in his last address to the nation to state that his government saved billions from subsidy removal so where are you getting your misinformation from.

Pls I'm interested
How do I inspect

Love56743:
Sometimes if I'm bored I will just call one of my olosho friend will just smoke drink and spend time together.. because right now most friends are enemy..

Same with me.Most of my friends are indeed enemies masquerading as friends and I don't trust them at all.
One of them even went to the extent of saying shits about me to my wife to poison her mind to leave me, the other one borrowed money from me and didn't return it till date. Others are indeed looking for my downfall.
I've given up on friendship cos of the consistent betrayal from people I hold dear and call friends.

VeeVeeMyLuv:
Op is telling a boldfaced wicked lie

Disregard. Don't believe him.

Petrol is not $3.9 per litre in USA. This is very misleading.

Petrol is $3.9 per gallon in USA instead even lower than that in some regions.

A gallon is equivalent to approximately 3.8 litres.

He can lie for Africa just to sound woke and deceive gullible people to support his wicked government.
That's how he said government is borrowing to pay for subsidy.

nairalanda1:
Subsidy is one of the things contributing to our debt. And since politicans make the decision to keep subsidy and have done so since 1999, it is still their fault

( Other things that keep us in debt is the fluctuations in oil price, import dependency and massive looting and corruption. Failure to diversify the economy worsens the matter).


If we had kept petrol at N65 since 2011, by now subsidy costs would have been running between 900 to 1000 per liter, up from 34 naira in Dec 2011. And we would have been paying for the thing from other parts of the budget.

Nothing like cheap fuel

You always come online to deceive gullible people with something you know nothing about. You have been championing subsidy removal since but yet you do not even understand the cause you are championing.
Subsidy is not even one of the things making Nigeria to borrow and it's not the reason Nigeria is in debt, the government themselves said they have not paid a single Kobo as subsidy payment to anybody since 2015 see where are you getting this misinformation that government is borrowing to pay subsidy.
What has been happening before the recent price adjustments by Tinubu is that nnpc is the sole importer of petrol and they have this crude for petrol swap deal in place instead of outright payment for subsidy other marketers will buy from nnpc.
So where did you get your misinformation that government is borrowing to pay subsidy?
While you may say swapping crude for petrol declines government revenue but is that not better than government earning the same money only to be looted by politicians. To me I prefer the crude swap arrangement cos at least all Nigerians benefits from cheap petrol but it's not all Nigerians that will benefit from politicians looting.

cathodekazim:
In a free and fair settings, mention one Northern state an Igbo man will win as the president of Nigeria. Even in Southwest, the closest you can get is Lagos and that's even a tall order. In a free and fair election, An igboman will always come a distant fourth. Bitter truth to swallow

Your assertion is not correct even though I'm not igbo. Obi won in nasarawa, plateau and FCT which are all in the north and that's despite all the electoral fraud so what do you mean by Igbo cannot win in the north?

Kindly reach me on wattsap if you are in interested. 07012623013

handsomeyinka:
Let's shower of president with some likes..

His getting things done in terms of investment negotiations which will bring more jobs and also stabilize our Economy.

May God bring back the lost glory to our great Nation.

Nigeria Will Be Great Again.

There's nothing special Tinubu is doing here as that's why he's there. Not to just go and eat food, laugh and waste tax payers money.
It's because buhari took governance to the lowest of low that we see things like this as special.
Imagine buhari despite all his travelling could not attract a single significant investment into the country. Even if he wants to he's hindered because he cannot communicate. Even Nigerians cannot understand when buhari speaks English how much more foreigners,his best bet would be to speak fulfude and get a translator when talking to Biden but he didn't do that.

Bigseven:
If not Ecuador, Haiti, and the rest what were you expecting??

When we ask people to do a little research and stop talking out of ignorance they will come online to disgrace themselves.
Ecuador is a strong footballing nation and it's ranked 12th in the world. Infact Ecuador is better than Nigeria in football, in the last world cup Ecuador won Africa's best in Senegal and drew with Netherlands to qualify from their group.
Ecuador have star players all over Europe and some of their players like caicedo etc are hot cake in epl . Try and read a little before coming out to say what you don't know.

ORIENTATION101:
if you use your head, you will discover that consumption for fuel reduced from 65 millions to 43 millions per day since May

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:
He is talking about those who held down General Abdulsalami Abubakar, General Olusegun Obasanjo, General Muhammadu Buhari, Alhaji Umar Yar'Adua, and Deacon (Dr) Goatluck Jonathan for about 30 years. Emilokan Asiwaju Tinubu Jagaban humiliated them within 30 minutes of his government. If you think they are not powerful, then ask General Abdulsalami Abubakar, General Olusegun Obasanjo, General Muhammadu Buhari, Alhaji Umar Yar'Adua, Deacon (Dr) Goatluck Jonathan why they couldn't defeat the oil cabal for over 30 years.

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:
Laplace transformation

I actually enjoy applying Laplace transform in solving 2nd order differential equations. The method I despise is the frobenius method of solving ODEs.

lexy2014:
Which dollar did he align? Where is the alignment?

How have the above things u mentioned improved the lives of nigerians?

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:
your ignorance is very loud. Where did you get this ridiculous lies😂😂.
Senate budget yearly is less than 300b, Aso rock yearly budget is around 500b
Fuel subsidy yearly cost nigeria 10trillions
Naira subsidy yearly cost Nigeria around 4trillions naira

Now use your sense here which one should go first?

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:
Your closing remark is exactly the problem. ..

DO I WISH MY ENEMY TO EARN 10POUNDS (N10000) an hour and can make as much as £1500 a month.

Those doing it must be animals and not humans.

You are one of the Nigerians with warped mindset.

Cheers.

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:
What's the one benefit of being a member of the bloc?

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:
Bro there are thousand of jobs that will employ you but some of these Nigerians are annoyingly picky.

They come with that crazy mindset that they will get a "befitting" jobs.

There are many jobs with staff shortage in the UK that will gladly employ them but they came with the mentality that everything is set for them... They don't want to build from scratch and they are so so freaking impatient forgetting the fact that they are actually starting life all over in a strange country.

Shebbi she ought to have shut up and blend into the system but hell NO...AS IF IT IS LIKE A CURSE FOR ONE CRAZY NIGERIAN TO BLOCK WAYS FOR OTHERS... They must grant interview shaa ni like cursed human beings.

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:
This.

If you’re coming from a place where you’ve graduated 5-10 years waiting for a job and none is coming. You found yourself in a different country where unemployment isn’t as terrible and you have a legal permit to work. Not the “undocumented working under the table” situation, why not grit through it and see if there are jobs you can do? Is it that no one will employ them even though their visa is valid?

Well I can say I know how the uk works but having a work visa sounds like a good opportunity compared to being unemployed where they are coming from

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:
If you understand anything about economics, you will realize every step Tinubu has taken so far is in order. For instance, removing petrol subsidy is more beneficial to Nigeria as a country than living it but it will for the time being result in petroleum product price increases as a result of general global increases in petroleum product prices and the depreciation in value of the Naira.

Also, floating the exchange rate is a very good policy. A few privileged people were buying dollar @ N450 before while the larger populace buy at N750 before the coming of Tinubu. This is quite unhealthy for the country. However, there is an abnormal demand for foreign exchange presently which has led to the continuous depreciation of the Naira. What you should ask is what are Nigerians doing with the abnormal continuous increase in demand for forex ?

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:

https://www.youtube.com/watch?v=ZoSs4fwcGow

The Nigerian senators where caught on tape covered by NTA announcing a suspected money being sent to the members to enjoy their holiday.

When his attention was brought to the notice camera was still live, the senate President, Godwill Akpabio quickly withdraw his statement.

"A little token has been sent to your accounts by the clerk to enjoy your holiday" his statement.

He quietly rephrased it to be another issue entirely.



https://dailytrust.com/video-how-akpabio-mistakenly-exposed-senators-holiday-allowance/

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:
Am no supporters of BAT but this hardship was expected when there was no plan to continue paying subsidy of Petrol. If Atiku and Obi was elected, the same would have happened because Buhari did not make provision for subsidy till after June 2023.

Any right thinking person should know until we build or fix the old refineries, petroleum products cannot be affordable.

Tinubu can only be judge after 2024.

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:
You are ignorantly saying all these…please read the above

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:
https://punchng.com/bloated-structure-tinubu-new-govs-to-get-48-ministers-560-commissioners/

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:
Leaving Nigeria is not about money,is also about the security of your life,do you how many people who have the whole money in Nigeria yet get killed by nonentities for no reason reason,abeg who get the means should leave,things are not ease in this country

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:
I dont know what the strike aims to achieve......coz the government cannot keep on subsidizing fuel. Their strike is technically to increase minimum wage which will only apply to the government workers and corporate workers with the vast population still the same...

this thing is simple....the government needs money to keep running which at the moment the government don't have, cos over 90% of their earnings is spent on debt servicing....... therefore, subsidy must go!

im also a citizen feeling the pain oooo......but the truth nothing any body can do at the moment....the country has been terribly ran by successive administrations and we are now feeling the results of poor management....

In fact, i believe the worst is yet to come...talking from economic facts and figures without emotions......

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:
Ok.. Him try for that wining Goal.

Messi & Ronaldo.

🐐

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:
Tinubu is updating Nigerian systems.
This is a country with outdated systems, hence jagaban is refurbishing and modernizing our systems to match with today's reality.

He has taken many laudable steps.

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.