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Coleon's Posts

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Politics › Re: No Going Back On FOREX, Subsidy Reforms – Finance Minister by coleon(m): 11:37pm On Nov 04, 2024
sulaak:
You are writing from a point of ignorance. There is no saving from the removal of oil subsidies. Nigeria was borrowing to fund oil subsidies.

Buhari's failure to implement economic reforms meant that Nigeria borrowed $47 billion, printed N27 trillion, and mortgaged future oil earnings for five years to fund the oil subsidies and protect the Naira. The country was generating debt and that has to stop.
Really!!! Has the government stopped borrowing or piling up debts now that they have removed subsidy.
Keep deceiving yourself zombie.
Politics › Re: Dangote: The Case Against High-Cost Fuel For Nigerians by coleon(m): 11:31pm On Nov 04, 2024
Lithiumite:
Your points are as pedestrian as can be....the elites are complaining more about subsidy removal,take that to the bank....who drives the expensive fuel guzzling cars,who needs to run his generators every sec there isnt power even while sleeping,who owns the gas stations and oil importation businesses getting subsidised petrol so more people can come buy thereby more profits for him... the poor has long adjusted their lives to current realities but it's the elites who are missing out on their frivolities to the detriment of the economy.

The poor benefits far less from subsidy than the rich....the major reason for the inflation we are experiencing isn't solely caused by subsidy removal but majorly our currency devaluation and our lack of adequate production of food.....maybe it's in your village or family that they are picking tomatoes in the streets,right here i haven't seen any.

Only a dumb shallow minded nitwit can think we can get out of this recession in just 18 months when our economy had already been in a downward spiral for several years......subsidy removal benefits isn't about giving people rice or money,its about re channeling the surplus to critical segments of our economy.

You claim tinubu has borrowed more money but you are too dimwitted as always to realise that Nigeria's debt to GDP has reduced,debt servicing to revenue ratio has reduced, foreign reserves is on the upswing,oil production has marginally improved from the abysmal 1.2m bpd to about 1.5m etc.

It is a fact that the macro economic outlook of our economy is very stable and positive but it's the micro that's a problem and your govs also have a huge role to play at that level to alleviate and improve the lives of their citizens.....but tell me what your gov has done it is doing to develop his state to the benefit of his citizens.
I don't expect much from a dimbat. It's the usual rhetorics of a mumu zombie. All those nonsense you wrote is defeated as the realities on the street is staring at you in the face, the stark reality of today is that Nigerians are better off than they were last year or the years before, any attempt to deny that fact is playing the ostrich and sounding like a dull pupil. Ire oh.
Politics › Re: Dangote: The Case Against High-Cost Fuel For Nigerians by coleon(m): 7:24pm On Nov 04, 2024
Lithiumite:
The analogy of the OP is utterly selfish and self serving at best......international bench marking is the best way to go to bring about better accountability in the sector.....how can you on one hand be screaming full deregulation and upholding the PIA and on the other hand be encouraging govt to keep keeping their hands in the same crude by controlling prices..... cheaper fuel means more subsidy for the rich and neighbouring African countries because it will find it's way there somehow and you deprive govt from revenues they should have gotten from same space to the benefit of a few business men and smugglers.

We need to deemphasize the importance of PMS to our economy.....all major industries run on diesel and gas,our critical transportation sector like trucks,trains,barges and boats run majorly on diesel and this has long been unsubsidized without so much hue and cry,but the average elite wants to keep driving their convoys,V8 trucks and SUVs and fleeting around for every unproductive reason such as going to parties and clubs and other mindless fuel guzzling purpose.

The poor might not have any reason to go into a petrol station to buy a single liter of fuel because he probably has no car or bike or even a generator and if he does it would be majorly for commercial reasons.....yes you would scream wouldn't the poor need to Move around and pay high cost of transportation,the poor uses per less petrol per capita than the rich and if the poor needs to transport himself he would be most meticulous in his transportation needs.
Whenever I read all these your nonsense posts, my position is that, it's either school failed you or you failed school, it has to be one of the two.
This exact idiocy, is what the government today sold to Nigerians that subsidy only benefit a few elites who are swallowing Nigerias money and the poor do not benefit from subsidy but today it's obvious to the blind that it is even the poor that benefits most from subsidy with the over 100% inflation that we are experiencing in Nigeria today, some cannot even feed and are already picking tomatoes on the floor.
You claim that it's only the elites that want cheap fuel to go to parties,but your shallow thinking did not tell you that the barbers, dry cleaners, mechanics, delivery guys,Uber drivers and food sellers need more cheap fuel daily to run their businesses than even the owambe people, are those people you alluded. Are they also elites?
You said cheaper fuel could lead to snuggling, is that not the failure of the government and why should the Nigerian populace be paying for the governments failure to secure her borders?
Finally, since the subsidy has been removed and the government is now getting more revenues, how has it benefitted the lives of the average Nigerian today? Are you better off today than you were last year, talkless of 5 years ago?
Infact this Tinubu administration has borrowed more than his predecessors despite his so called removal of subsidy. To say you are very dull is an understatement but you sound like a complete economic illiterate.
Foreign Affairs › Re: Equatorial Guinea Official Arrested Over 400 Sextapes With VIPs’ Wives, Relative by coleon(m): 5:45pm On Nov 04, 2024
Please who has the link to the videos, it's of no use giving us this gist if you will not accompany it with the videos. Infact it's better you just post the videos and stop all these shalaye. Thank you as kindly do so.
Politics › Re: Protesters Who Slumped In Court were "acting a script" - Police by coleon(m): 1:25pm On Nov 02, 2024
pacesetting:
This one is still talking about candidate and election. Face the topic: The police said the kids are acting a script. Are their skinny looking bodies also acting a script?

If you respond without answering this question, thunder go fire you this morning.
Don't mind the disgrace of a guy, it's obvious he's a rice beneficiary of APC, very soon the rice they shared for him will finish and he will be on the street hungry again by then his senses will return.
Politics › Re: Protesters Who Slumped In Court were "acting a script" - Police by coleon(m): 1:21pm On Nov 02, 2024
fergie001:
SOURCE
Have you been able to arrest Yahaya Bello yet? What about the other one that slapped the bolt driver , how much was his bail again. You can only fool APC zombies and they are many on this forum not reasonable people .
Politics › Re: Even Underage Children Not Spared From T-Pain’s Wickedness – Atiku Blasts Tinubu by coleon(m): 12:53pm On Nov 02, 2024
Layi4real:
No be Tinubu tell the northerners to give birth to children they can't take care. What has there Leaders in the north side about given birth carelessly without plan. All they are interested is the population so that they can use them during election. This might sound too harsh but its fucking truth. if not why are our own children not out there to protest? when when they did they did so with care and not burning government properties or flagging another country flag out of illiteracy
Gods wrath will visit you and your likes for supporting this rubbish. Sorrow and starvation will visit your home and children one day.
Don't you have conscience or is politics everything to you? If these were your children would you have responded this way?
The way you Tinubu zombie reason is appalling to say the least and I wish you said this in my presence physically, your teeth would have been blown out.
Politics › Re: Even Underage Children Not Spared From T-Pain’s Wickedness – Atiku Blasts Tinubu by coleon(m): 12:45pm On Nov 02, 2024
Omooba77:
https://www.vanguardngr.com/2024/11/even-underage-children-are-not-spared-from-t-pains-wickedness-atiku-blasts-tinubu/
If we still have zombies and people here supporting this failed and useless government after watching Tinubu arrest children Tinubu protesting the hunger and starvation he has subjected them to. May such people never know peace in their lives , may hunger and starvation visit their homes and kill their children too.Amen.
Honestly I feel like crying after watching the children's video.
Politics › Re: Past CBN Governors Used Unorthodox Methods To Grow Nigeria’s Economy – Cardoso by coleon(m): 10:35am On Oct 30, 2024
Lithiumite:
Mr economist wehdon!! You need to reckon that it is no easy fit to keep the dollar at even the 1,700 it is right now.....we should have been at over 2,500 by now if not for the ability to meticulously manage the economy.

You are all crying about inflation,CBN has raised interest rates severally to check this and its succeeding which ever way you look at it.but cynist like you who have no solution to the problem are only good at castigating every govt policy just because you were defeated in the last election.

Tinubu,atiku and obi during the last elections had a point of convergence on subsidy removal and foreign exchange liberalisation and tinubu is the only president in a long time who told us what he is going to do and is following through with it.

Subsidy removal.
Naira floatation.
Student loans.
Separation of budget and finance ministries.
Increased investment in oil and gas sector.
Consumer credit.
Improved welfare and independence for the judiciary.
$1 trillion dollar GDP.

You need to atleast give kudos to this man for atleast following through with his plan and sticking to it ... That's the only way we can get our economy out of the woods and this will take a lot of hard work and resilience.
I suppose you are as dumb as the people you are supporting, if you cannot think of any solution to inflation problem other than the useless interest rate increase being adopted then you have been simply disturbing us online and not knowledgeable at all.
A basic economics student knows that Nigeria's inflation is cost push and not demand driven, who uses interest rate increase to fight such inflation, what is required is productivity and public cost reduction from the fiscal side, the government is even killing that productivity by increasing interests rate. Myself and several others have proposed different solutions on twitter and even here but your useless government will not listen.
Then there's you a zombie, who thinks everything the government is doing is right and even being pompus about your ignorance online to deceive gullible fellows to support the government stance. You know nothing if you think what the government is doing is right and what you require is more financial education instead of countering knowledgeable people online to display your ignorance.
Politics › Re: Fuel Price Now ₦1,025 In Lagos, ₦1,060 In Abuja by coleon(m): 9:16am On Oct 30, 2024
justtoodark:
their is no other way....

look na ghana wan go the official way than rely on smuggle....
fuel cheaper in nigeria than in neighborin countries cant work....
let the market balance its self in the whole west africa....
Lol, another rice beneficiary on the beat. Don't worry the rice they gave you will soon finish and you will resume begging online again. Zombie oshi
Politics › Re: Tinubu, Dangote, Others Hold Talks On Naira-For-Crude Policy by coleon(m): 5:44pm On Oct 29, 2024
dododawa1:
https://punchng.com/just-in-tinubu-dangote-others-hold-talks-on-naira-for-crude-policy/
Nigerians ! Nigerians!! Nigerians!!! Beware you are being scammed.
Tinubu has come to kill and wipe out your existence, I saw that fuel price has increased again today. Come out and fight for your life.
Politics › Re: Ghana To Import Petroleum Products From Dangote Refinery ‘To Reduce Prices’ by coleon(m): 12:13pm On Oct 29, 2024
nairalanda1:
Cedis is also very weak

Note I am not excusing bad government, but that cedis you see is a weak currency.

Minium wage in Ghana is 540 cedis. That buys 36 liters of fuel compared to 60 liters of fuel on 70000 Nigerian minimum wage.


One dollar is 1320 Korean won. Yet the won is stronger than our naira.

Value of cureency is not by number you see
What relevance is this analogy that you have posited, 1 Dollar is 1320 Korean Won whereas 1 Dollar is 1700 Naira. Is it not obvious to even the blind that the Korean won is stronger in terms of Value so what exactly is the point you are trying to make with this analogy.
Sometimes I wonder whether you just post things to show that you know how to use Google search.
Politics › Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by coleon(m): 12:20pm On Oct 27, 2024
adenigga:
For this comment.........
Amen bro
Politics › Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by coleon(m): 9:37am On Oct 26, 2024
Vision101:
Yes OBJ saved and obtained debt forgiveness but there was no infrastructure. Total decay of infrastructure under him. What is the sense in saving without investment in infrastructure that will develop your economy.

His privatisation was a mess under atiku. Billions of dollars were invested in power without results. That's the genesis of our energy problem of today. He didn't make efforts to either bring the refineries back to life or encourage private sector investment.

Then the worst was the regimes that took over from him. Jonathan squandered everything. OBJ was so upset 😭 against Jonathan that he had to openly support buhari.

Then buhari..... another story. Many had confidence in him including myself. We trusted him to be frugal and have the ability to tame corruption but he disappointed.

The problem of OBJ is that he thinks too highly of himself. He believes that he is the best leader that Nigeria will ever have.
And he's right, of course OBj is by far the best leader Nigeria has ever had since we started democracy in 1999. Objs record is unmatched in all areas of our national life.
He revolutionalized telecoms in Nigeria, infact you are using your phone to type this rubbish today because of OBj, he left office with Zero debt while the present looters we have today has taken our debt to over 100 Trillion , inflation was single digits all through OBjs tenure while today Nigerias inflation is over 100 percent. OBj assembled the best brains and technocrats but today appointments is all about political patronage and not merits.Obj fought corruption and not caring whose Ox is gored, I recall Tafa Balogun and many high profile corrupt officers going to jail in his time.
So OBj has the bragging right abeg, he's the best we have had so far when you compare it to the incompetent buffons like Jonathan,Buhari and now the incompetent druglord we have in aso rock today.
Politics › Re: Tinubu Came To Office Without A Plan — Obasanjo (Video) by coleon(m): 11:09am On Oct 25, 2024
gidigbam1:
This is very shameful coming from OBJ who also had zero plans and was clueless about what to do or how to lead Nigeria. While countries like the UAE who's oil production was just 50k barrels per day, and that of Nigeria was 2 million barrels per day, were busy borrowing money from different sources to build the kind of infrastructure they now have, OBJ's only solution to Nigeria's problem was to pay up all Nigeria's debt.

This can be likened to a family with an empty land that they have not developed, instead of using money to develop the land and build a hotel, you decided to use the money you would have used to build a standard 5 star hotel to pay up debts you are owing. While your neighbor who doesn't even have the kind of money you have went ahead to borrow money from different people to build and furnish the 5 star hotel. At the end of the day it is you that they used your money to pay debt that will suffer while those that borrowed to develop theirs have paid off all their debts and are now enjoying.

That is how clueless and wicked our OBJ, was and to make matters worst, he installed GEJ who didn't commission a single project as Governor of Bayelsa state then to become the vice President instead of choosing Donald Duke who was by far the best Governor in the whole of Africa, that built the then best tourist destination in Africa (obodu Cattle ranch) and Africa's biggest premier resort Tinapa, with the Calabar Carnivals that people from all over the world come to enjoy during Christmas. Imagine if Donald Duke ended up becoming the President instead of GEJ, just imagine how he would have transformed Nigeria. With Donald Duke, there will never have been a Buhari Presidency, and Tinubu's. It was OBJ's wickedness to punish Nigerians that made him bring GEJ who didn't have a track record of deliverables.
I suspect you were born yesterday or you are one of these gen Zs still sucking their mummy's breast otherwise you won't open your mouth and spot these jargons you just quoted.
Don't ever in your life compare Obasanjo's government to this ongoing nonsense by APC that started with a clueless Buhari and now being finished by a known drug lord.
Obasanjo revolutionised GSM and telecommunications industry you are seeing today in Nigeria, Obasanjo left government with Nigeria having zero debt due to his foreign policy out debts were forgiven, Obasanjo assembled the best brains from Nigeria with known technocrats not the political patronage that is being done by your emilokan clueless fellow in aso rock, Obasanjo all through his 8 years maintained inflation at single digits while your useless government today has close to 40% inflation, Exchange rate all through Obasanjo's government did not exceed 180naira to a dollar but today it's about 1700.
All these witness live and it's not that I was told or read it somewhere as i can go on and on, but yet an ingrate like you whose brain has been taken over by APC zombiesm dare to speak ill of Obasanjo and praise Tinubus useless policies with nothing to show, you must be a dimbat that was born yesterday indeed.
Politics › Re: FG Plans 5% Tax On Telecoms Services, Others by coleon(m): 9:44am On Oct 20, 2024
helinues:
If you don't want government to be borrowing unnecessarily, then suggest another means of raising funds without taxing

Please save us the story of government should cut their excess , even if they do, it's not even up to 3% of the current budget
The government you are supporting is mentally lazy and seeking for easy way out. I and many others have provided different means of generating revenue on this forum for free even without being paid any advisory fees but as usual APC and Tinubus government is a lazy owomida government who thinks the agberoism he entrenched in Lagos will be done federally.
There's untapped bitumen in Ondo and Edo state but Nigeria imports bitumen to construct her roads, there's vast arable land in the north that a singke state cam become a orange plantation and nigeria can become orange concentrate exporting nation.
Infact the opportunities are enormous but successive Nigerian government is mentally lazy,lacks foresight and always looking for easy way out like rasing taxies and removing subsidies
Food › Re: Why Is A Bag Of Rice 97,000? Why Does it Keep Increasing? by coleon(m): 10:45pm On Oct 19, 2024
Originakalokalo:
Please, I am a bit confused...Why is the bag of Rice 97,000 and why does it keep increasing?

What is the government doing to arrest this?

Are they aware?

Is this caused by greedy farmers? Low supply? Bad policies?

Rice apart, where is the import duty removal on food?

Why is food becoming a commodity so expensive that a common man cannot afford it?

Please if you have answers, kindly respond...
The reason is simple, there's general inflation in the economy and rice being a commodity in the economy will follow too. When you say greedy farmers, what exactly do you mean by that? Will the farmer not send his child to school, pay for rent, buy other things he will use? Are those items the farmer will buy immune from inflation? Since the items he will also buy in the economy will increase his own commodity too will have to increase..
No item is immune from inflation when an economy has failed like we have in Nigeria presently. In your own business or services you render , have you not increased the price too? Why should the rice farmer not do same.
Politics › Re: Latest Fuel Price Hike Uncalled For, Unacceptable by coleon(m): 10:36pm On Oct 19, 2024
grandstar:
It would be appropriate that newspapers employ a competent economist so they won't make such embarrassing articles which exposes a shallow understanding of economics see the light of day.

If truth be told, Tinubu needs to go further in cutting structural wastes such as the fuel and electricity subsidies, and a bloated civil service.

How do people expect the government to run a budget of 27.5 trillion on basically 4 trillion? Buhari would have simply told the central bank to print the difference and lend it to him. That is why debt servicing in 2022, was higher than the entire government revenue!

PwC bulletin: Nigeria's 2024 Budget Highlights
The Federal Government of Nigeria recently presented the 2024 Budget proposal to the National Assembly. The Budget titled "Budget of Renewed Hope" shows a proposed expenditure of NGN27.5 trillion and an estimated revenue of NGN18.32 trillion for the 2024 fiscal year. We have analysed in our infographic a snapshot of the 2024 Budget proposal and its assumptions relative to the 2023 approved and supplementary Budgets.

At least 80% of the revenue will go towards servicing debt. That is why I said the FG only has about 4 trillion to play with.

There's the saying," Borrow borrow make me fine." That was what Buhari was doing. He would have borrowed money to provide the petrol subsidy. Tinubu says the days of such have to end. His refusal to go on a borrowing binge to give you cheap fuel is why the price of petrol is so high.

Buhari wrecked the economy. All these screaming should have been carried out then and not now, but majority were clueless. Buhari scored worse than an F9 in almost all his 8 years as president
See this mumu, are you aware that Tinubu has borrowed more than any other president in the history of Nigeria within 2 years in office including the Buhari you are gaslighting despite his so called subsidy removal?
Politics › Re: Naira Among Worst-performing Currencies In Africa, Depreciates By 43% – World Ba by coleon(m): 7:04pm On Oct 16, 2024
richmond500:
Car ke, my salary is not even up to 200k, where I wan see car to buy? I even think say u wan talk 300-400k grin

Btw, Tinubu policies is economic policies and it's not magic, so there is little chance of the FX coming down to 1000 in January.
But it will surely come down from next year
Lol, see yourself.
It's just self deceit, are you aware they Tinubu will be 2 years in office by may next year. If his policy does not start to show by next year , is it when he's booted out by 2027 his policies will be showing.
You can keep deceiving yourself my brother, you and I know that there's no policy working anywhere , it's just trial and error they are doing and you guys are falling for it.
We were in a forum with the CBN governor recently and he was asked when the exchange rate and inflation will come down and he said he can't tell, that's the CBN governor oh, but APC zombie online thinks Tinubu has some deliberate thing he's doing that will stop this suffering from continuing and are still having hopes.
Politics › Re: Naira Among Worst-performing Currencies In Africa, Depreciates By 43% – World Ba by coleon(m): 6:14pm On Oct 16, 2024
richmond500:
when u hear people say I work in a particular sector or I have first hand knowledge, just know they want to lie.
Just because u are doing POS doesn't mean u work in the financial sector.
Ogbeni rest, FX mean foreign exchange and if u don't see how reduction in imports can help our foreign exchange then u have a problem.

Make u rest with ur financial sector, the highest transaction u make a day is probably 200k from that ur POS stand grin grin
All these insults you are throwing amounts to nothing, I have thrown up a challenge to you and we can bet our cars if you won't mind, I will drop my car and you drop yours. If you are really sure of your support for Tinubu as an APC zombie and you can promise that Tinubus policy is working and by January next year dollar will be 1000 , not even the 500 naira he met it .We can do cars or cash depending on you to really show that you know what you are talking about.
Politics › Re: Naira Among Worst-performing Currencies In Africa, Depreciates By 43% – World Ba by coleon(m): 5:45pm On Oct 16, 2024
richmond500:
firstly, subsidy is gone, this makes a regime where govt can use the funds for something else.
Secondly, No multiple fx windows, this means u will be buying dollar same amount that the elites will buy too, it calls for competition in doing business in Nigeria and promotes local production from every Nigerian that wish to.

Thirdly, Larger percent of our import was from oil, that bottleneck is gone too thanks to Dangote refinery.

I don't know why people aren't seeing this
I am forced to respond to this comment because of the stark ignorance that I see there.
The first point about the absence of multiple FX window in Nigeria today is about the most ridiculous and ignorant statement I have read this year. Really!!.
Are you really in touch with reality of you are just taking in anything APC propaganda dish out to you. The official dollar rate on the nafem window today is 1620 but you can cross to your aboki next street and ask if you will get dollar for that rate, he will most likely tell you it's 1750, then there's also a window called CBN intervention where dollar is sold for 1550. That's 3 different FX windows in the same country Tinubu and his zombies like you said they have unified exchange rate.
The second point you noted is that subsidy is gone in the same economy where subsidy is said to have been gone more than 5 times only for NNPC to come back and say they are owing $6Bn in subsidy payment between last year and now.
On your final point on Dangote refinery, I work in the financial sector and I always wonder what is making you people think Dangote refinery is the solution to Nigeria's problem. Firstly, Dangote refinery is a private business and if you say dependence on foreign import will reduce I agree, but it will not translate into any significant appreciation of the Naira. The reason if because the crude oil you are giving to emdangote in naira is the part of your little FX earnings if you have exported the crude hence there's FX deficit presently due to this.
Finally, if after all I have said you still think I am talking trash and you are so sure of yourself and Tinubu that things will be great by next year, we can place a bet with a trustee, where if naira exchange for 1000 by January next year you win while if it does not I win be that, if he sure for you.
Politics › Re: Tv Presenter Got Angry And Walked Out Of A Live TV Show Because Of Hardship by coleon(m): 11:00am On Oct 13, 2024
HydraFeeds:
It's sign of low intelligence and lack of creativity to repeat a single statement several times in an article . It's like a "smart attempt of a dullard " to meet up 500 word threshold in SSCE .

You say others don't understand macroeconomics and they're illiterates APC zombies regurgitating fallacies but you're the one that calls other point jargons because you're of low intelligence.

Let me give you a simple analogy that's in your level ,if you're owing debt but you're unable to pay ,will the debtor leave you ? He can seize or take your things till you're able to pay back or to use in exchange for the payment.

That's the deal going on . I will attach a screenshot of the details of the process below .

China doesnt have the strongest currency in the world neither is the currency stable despite government intervention and in fact ,they're mulling floating the currency.South Korea has almost the same exchange rate with Nigeria but they're a better country. Also ,I believe CBN stated it will intervene "when needed" . Oil is the major import in Nigeria but we are now producing locally and there's still hope there will be more productions which will greatly reduce dependence on foreign currencies and enhance local competition .

Talking about pathways ,because I support subsidy removal and floating of naira doesn't mean I don't believe the government could do better in the way it's handled with better support and resistance measures . Everybody can't be one way zombies like you .
Arguing with your likes will diminish my thinking faculty, you wrote long jargons without any answers to my queries and also attached a post that supports my claim that oil was simply being swapped for refined products.
I'm done discussing with an ignoramus.
Politics › Re: Tv Presenter Got Angry And Walked Out Of A Live TV Show Because Of Hardship by coleon(m): 8:24am On Oct 13, 2024
HydraFeeds:
i wanted to report your comment for abuse buy I think you deserve a response .

Only blind people will see what's in front of them but chose to ignore because of sentiments.

Do you want the government to keep borrowing money to defend the naira and to subsidise petrol or you want the situation to flow naturally while the loans to defend naira and fuel subsidy is relieved?

It's also a fool that will think removing subsidy and floating naira won't have immediate consequences. It's after the consequences that the situation will balance .
What do you know about macroeconomics that suggests this ongoing nonsense has an end date? You are just saying what you have been programmed to say as an APC zombie to console yourself and your likes.
If I ask you to lay out the pathway on how things will get better and give the tentative dates now you will not be able to, hence you are banking on hope and not any clear strategy which is the usual yarns APC illiterates are programmed to say when the ongoing mess in Nigeria is being questioned.
Is it Q1 or Q2 2025 that things will get better ? What will the dollar rate be by January 2025? Wil it be back to 600 naira by then, can we can place a bet now?
Even you in your own mind you know you are fooling yourself and you don't have answers to what I have queried up there, you are simply banking on hope without any clearcut pathway on how things will get better according to you hence why you are an APC zombie.
The useless government you are supporting is floating naira in an economy that is import dependent and with huge trade deficit even China as big as it is did not float her currency to market forces without government intervention. You said the government was borrowing to pay subsidy when NNPC said they have never paid a kobo for subsidy since 2015 ,all they were doing was to swap crude oil for refined petrol. You see that you are ignorant and don't even know what you are talking about but simply regurgitating the nonsense APC has programmed you to say.
The useless government keeps jerking up interests rate to combat a cost push inflation and killing local industries, who uses interest rates to fight cost push inflation that is not demand driven.
I don't blame the government because it's illiterates and ignorant people like you that is emboldening them and even when we try to show you the light with facts you will still come online and spit jargons as usual.
Politics › Re: Tv Presenter Got Angry And Walked Out Of A Live TV Show Because Of Hardship by coleon(m): 4:36pm On Oct 12, 2024
HydraFeeds:
Another gas lighting ,as you came from Netherlands to vote your preferred candidate,so did others came from different countries to vote for the current government.

Talking about the current hardship ,I believe Nigeria is being reset .
Awon oloriburuku zombie tun de oh. Nigeria is being reset in your dumb skull abi, while the reality on ground shows Nigeria is going 100 years backwards. The annoying thing about this government is that we still have your likes supporting the ongoing nonsense in this country . I wish some of you can come out and say these things where men are sitted if you will get home with your full body that day we will see.
Politics › Re: NNPC Retail Outlets Adjust Pump Price To ₦998/Litre In Lagos, ₦1,030 In Abuja by coleon(m): 5:24pm On Oct 09, 2024
Paulyaweh:
Where are we heading to.

This is getting crazy


Just a month after the last increase.
https://www.nairaland.com/8202832/nnpc-retail-outlet-adjusts-pump


I wonder how much other marketers will be selling now and how much it'll get to outside lagos.




https://www.google.com/amp/s/www.channelstv.com/2024/10/09/nnpcl-sells-petrol-at-%25E2%2582%25A6998-per-litre-in-lagos-%25E2%2582%25A61030-in-fct/amp/%3futm_source=webpush&utm_medium=push&utm_campaign=NNPCL%2bSells%2bPetrol%2bAt%2b%25E2%2582%25A6998%2bPer%2bLitre%2bIn%2bLagos,%2b%25E2%2582%25A61030%2bIn%2bFCT
Whether you fail to accept it or not, there's a silent state capture that is ongoing that will make Nigerians slaves to Tinubu in Nigeria. The way the likes of Akpabio, Oshiomole and different governors have been wearing Tinubu cap lately shows there will be a time Tinubus image will be on every street to be worshipped like Baal before you go out in the morning.
If this is not the case I am wondering what is giving this government the temerity to keep pushing the people to the extreme like this, just this morning they announced increase in drivers license and now this yet the docile Nigerians as usual will keep quiet.
The Nigeria of today has been captured by political jobbers who have infiltrated everywhere and are subjecting the people to untold hardship like slaves and the people who are supposed to unite to resist their enslavers are quiet because of religious and tribal differences.
Fight your oppressors and stop this enslavement.
Politics › Re: NNPC Increases Fuel Price To ₦1,030 by coleon(m): 3:59pm On Oct 09, 2024
kenn4rill:
https://dailypost.ng/2024/10/09/again-nnpcl-increases-fuel-pump-price/#:~:text=The%20Nigerian%20National%20Petroleum%20Company,outlets%20in%20Abuja%20on%20Wednesday.
Whether you fail to accept it or not, there's a silent state capture that is ongoing that will make Nigerians slaves to Tinubu in Nigeria. The way the likes of Akpabio, Oshiomole and different governors have been wearing Tinubu cap lately shows there will be a time Tinubus image will be on every street to be worshipped like Baal before you go out in the morning.
If this is not the case I am wondering what is giving this government the temerity to keep pushing the people to the extreme like this, just this morning they announced increase in drivers license and now this yet the docile Nigerians as usual will keep quiet.
The Nigeria of today has been captured by political jobbers who have infiltrated everywhere and are subjecting the people to untold hardship like slaves and the people who are supposed to unite to resist their enslavers are quiet because of religious and tribal differences.
Fight your oppressors and stop this enslavement.
Car Talk › Re: JTB Increases Fees For Driver's License From November 1, 2024 by coleon(m): 1:42pm On Oct 09, 2024
I have never seen a set of people so stupid and docile like Nigerians, the Arab spring that led to the overthrow of several governments in north Africa was triggered by a marginal increase in the price of bread and someone himself on fire and this triggered waves of protests from Tunisia, to Egypt, to Libya and to Morocco.
Today in Nigeria, the government has increased fuel price by over 500% within a year, increased exchange rate by over 500% within a year, increased passport fee by 50% within a year while inflation has skyrocketed by over 40% within a year,the same goveenment is planning to further increase fuel price by 200 Naira in the coming weeks while they have now increased cost if drivers license and plate numbers by 40% , yet the people are looking like mumu.
What is even more shocking is that amongst the same set of youths that should be on the streets holding the country aground until all these wicked policies are reversed you will also find some that are supporting the policies because of primordial tribal and religious sentiments.
I cause the angel that brought me to this country to live with these sets of evil humans and people.
Politics › Re: Tinubu Initiates National Youth Conference To Interact With Young Nigerians by coleon(m): 8:05am On Oct 01, 2024
Man102:
BREAKING: Tinubu initiates National Youth Conference to interact with young Nigerians




Source : https://politicsnigeria.com/breaking-tinubu-initiates-national-youth-conference-to-interact-with-young-nigerians/
This is a distraction abeg, have they implemented all the recommendations from the national conference yet?
What's the agenda? This is just a tool for APC to settle boys and Seyi Tinubu friends abeg.
Politics › Re: Full Independence Day Speech Of President Tinubu by coleon(m): 7:57am On Oct 01, 2024
emkz:
One of the highlights of his speech was when he spoke of a national youth confab for the youth to come together and harness their needs and interests which shall be considered.

The future is for the youth. Instead of always attacking the government, I encourage all the youth to take advantage of this and propose solutions to existential problems.

Few days ago, I had even suggested something along these lines.


On this note, I'd like to plead with Nairaland Moderators to create threads for different topics concerning national development. Let Nairalanders contribute/debate actively on those threads. Anyone who has nothing to contribute and deploys insults should have their comments suppressed.
The youth conference is nothing but a distraction, it's just an avenue to settle Seyi Tinubu and his friends.
These people are smart, they have seen what the youth is capable of with the last protest, to kill such morale they have created a distraction for you while you forget about the main economic issues in the country and distract you with the useless youth conference
Politics › Re: Full Independence Day Speech Of President Tinubu by coleon(m): 7:53am On Oct 01, 2024
[quote author=Mynd44 post=132234142][/quote]The druglord has sniffed his cocaine again, he said he wants to create national youth conference for 30 days. Is that what Nigeria needs now?
You are not creating jobs and tackling the economic issues , it's a youth conference that the agenda is unknown and an avenue to settle Seyi Tinubu and his friends to silence the youths you want to create oloshi.
What happened to the national conference report Jonathan did, have you implemented that one first?
Celebrities › Re: Bobrisky Was Guarded Like President In Kirikiri Prison, Spent Only 3 Weeks - FIJ by coleon(m): 3:47pm On Sep 27, 2024
SarakiBukola:
grin

Much Ado About Nothing.

Prison worldwide is a very terrible place.

Sodomy ( male rape) is far more common than you would know.

Stephen King's Shaw shank Redemption described it very well. Some inmates are such bullies they prefer you fight so that they beat you before raping you. For resisting you might have to swallow a lot of yogurt and extra guys on the line. shocked

You want Bobrisky to be gangraped and passed around ?

Pray never to find yourself there. There was a Dr in Benue who mocked a PDP supporter that he stitched the PDP's guy's anus when he was raped in jail.
This is why I pray never to see anything that will make me face prison even for a day. The mere thought of a fellow man raping my anus make me cringe, after the experiencing such, most expensive inmates cannot face life again and some even commit suicide after getting out of prison.
Politics › Re: Hardship: FG Announces Move To Tax More Nigerians by coleon(m): 1:48pm On Sep 27, 2024
helinues:
Toh

Reality dawning. If you don't want to borrow unnecessarily, then it's time to raise the tax

Modified: Make una no attack my comments , suggest another means of generating new income( projects money , expenditures) without taxing and borrowing
If you need someone else to tell you how Nigeria can raise more revenue without taxing her citizens to death with the vast arable land in abundance,untapped mineral and human resources in abundance and access to a seabed of oil and gas down south then you are just as daft as the Tinubu and APC you support.
Infact I think yours is worse, you are a disgrace to your generation and education.

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