₦airaland Forum

nairalanda1:
Because since the 1970's, we have kept fuel subsidised, which in simple terms, means we have sold fuel below what it costs to produce it , and the government pays a subsidy to cover the resulting loss. The idea being to protect the poor from rises in prices due to rises in cost of production brought about by rises in crude oil price (the subsidy came on line as a result of the massive oil price rises due to the Yom Kippur war of 1973)

This means that over the decades, refining fuel has become unprofitable in Nigeria. Also, the refineries cannot make enough of a profit to run properly, and thus as a result they break down, meaning that we have to import fuel.

(Something similar happened in Venezuela. Fuel costs under N100 per liter, and has been like that for decades. Meanwhile, most of its refineries are also in a bad state).

The only way out is allowing fuel to be sold at market price (as you can see APC and tinubu have never really removed subsidy), but this means that fuel would be sold over N1200 per liter. While this would allow for domestic refining to be profitable in Nigeria, and also in theory save money for the government, and also prevent forex flight, the problem is, it is very and always has been unpopular among most Nigerians.

Indeed, this comment is going to attract a lot of abuse, and a lot of people labelling me tinubu supporter. If you said the same thing in 2012, you would be called a PDP supporter, and a GEJ slave.

What government has done over the years, is partial removal of subsidy, to reduce subsidy costs. If fuel had remained around N65 per liter as it did in 2012, government would have been spending nearly N1800 per liter in subsidy today. That isn't sustainable.

The sad thing is that most of us prefer cheap fuel, even if it pushes us into more debt.

this Mumu is out again .

Your area of specialization is on the front page.

Time for you to start writing lengthy rubbish.

Kuginzi:
https://www.channelstv.com/2024/07/06/nigerias-4-5gw-electricity-generation-is-shameful-says-tinubu/

You would think he wants to do something about it, but na lie.


To him, it is what it is… shameful, but nothing can be done about it.

Tayorshd87:
PitObi and his urchins will be unhappy about.this news .

Well Jagaban has promised and we are hoping for the best soon

Mumu 😁 how many of such promises has he promised since he assumed office?

As usual, nothing will come out of it.

Everything, this and that won’t be happy about this news .

Staywithbina:
I will say my thought about lgbtq community,am a straight man and I always say it that anyone that fancies sleeping with same sex is mentally not okay but then let face fact ,70 percent of Nigerians are gay ,sleeping with same sex ,either lesbian gay or bisexual,some wicked men who are gay will marry an innocent woman and be suffering her and some stupid,infact I don’t want to say everything,they should just legalize gay in Nigeria so that we will know how many sane people remain ,tufiakwa if you sleep with same sec believe me you are totally psychotic and mentally dehydrated,you got no brains and need serious help ,it’s not normal to sleep with same sex but I say believe me when I tell you that 70 percent of Nigerians practice gay ,don’t ask me how I got my fact am telling you what I have observed

do you know what 70 percent is? This one na yeye talk.

Kilometres:
You just dey quote people up and down like wikiki

You don't even have knowledge of what you are talking about.

They don't have to build roads on the demolished space... it is a water flow path, once structures are removed water can flow

all the ones they have been demolishing since last year, why isn’t the water flowing?
Perhaps those demolitions were politically motivated, and those structures weren’t actually sitting on water ways.
I’m sure they are still going to toe the same path, destroying what they are not supposed to destroy in the guise of clearing the water ways.

Useless fellows in power and their brainless supporters!

Lanrelagboi:
UPDATE: The Emergency Flood Abatement Gang (EFAG) team from the Lagos State Ministry of the Environment and Water Resources @LasgMOE cleared the flash flood at the Olopomeji section of Iyana Oworo.

Road now FREE.

how did they clear it? Dem drink the water?

phemray:
Thanks you acknowledge the Lagos magic and the reason Lagos is far ahead of others. Now Lagos was faster then because everyone supported his bold idea except few opposition. Nigeria is bigger with many factors Like Languages, religion, cultural beliefs and ethnicity to be considered before making conclusions on like Lagos. But in all we will get there. So, If Obi is the president, pls which reform was implemented in Anambra then that can be replicated at national level? Someone that never built a single production hub or encouraged other to do so instead of going to chaina is now shouting consumption/production which he knows nothing about. Check how many companies, industries and business were facilitated by jagaban. Dangote refinery, Erron, econet BUA, and many more productive industries network are among Jagaban influence.

werey! Which Lagos magic?

Lagos without drainage or good roads?

That 30 minutes rain will have people getting home by 1am from work because of flood, bad roads and no alternative routes?

What exactly did he do in Lagos that you morons are always on about?

Bovis:
I was going to take you serious and help you until I got to the part where you stated that you didn’t vote Tinubu. Would Obi or whoever you voted turn Nigeria into Dubai overnight?

You lots are really screwed and have very low IQ for blaming your poverty on the president, there are poor and desolate people in every country therefore government can’t cater for the needs of all.

I understand what you are going through because have been there at some point in my life but I turned my life around for the better by taking responsibility and having a positive attitude towards life. Stop begging online and Go and get busy for your survival

Ode! Who made policies that keep plunging millions into poverty in the last one year?

If dem no call tinubu, na your papa dem go call?

You that opened your eyes and voted a fossil into power, with all the baggage on his head, you couldn’t analyze and make informed decisions. You are obviously the one with the low IQ.

You can’t even help him, because a lot of you animals supporting this government are nothing to write home about.

I know you are a church rat.

Thunder fire that your low IQ Yamayama head for writing rubbish.

lagonovo:
Excellent response! Bunch of shameless people.

Life is all about seedtime and harvest time. What you choose as your seed is your personal business. The lowest hanging fruit since the beginning of time is farming. You can choose other seeds in other ventures but that is up to you and your wisdom. When a society is at the lowest ebb, common sense dictates that feeding becomes priority and that means farming. If you choose to wait for mechanized farming, again that is your business but you could just find a space and take care of yourself and your family. If you produce more than needed, find buyers for your excess harvest. Life goes on, it's always been like that for generations.

Animal.
Na people wey dey live for face me I face you go farm for which land?
Anything they tell you idiots in that your WhatsApp group, you just run with it like the zombies you lots are.

Farming this farming that . Useless somebody .

MT:
That hunger will wire you.

You have become shamelessly beggarly. Worst still you are sending a plea to faceless individuals who are dealing with their own demons.

If you are eating lower than a rich man's dog and you could not really determine what is responsible for your situation, but still blaming the President of the country, then you are on a long thing.

In this same Nigeria, we have some non political actors living fine and eating decently. Some of your mates are sending money to support their friends abroad. You have taken begging to another new colourful level.

It is never easy anywhere, go out and start working. Learn to solve people's problems and get paid instead of shamelessly begging on the internet.

Another agbado animal on the loose.

Useless things. Always trying to gaslight people.

If they don’t call on your useless lord who snatched ad grabbed power and suddenly destroyed the country, who will they call on?

They should go and work in the companies that have been folding up due to the rubbish policies of your lord or where?

I know you are a zombie and not capable of processing information or reading what’s happening around you, that’s why you can use your black dirty fingers and type this rubbish.

Yamayama fall on that your ugly bald zombie empty head.

leisuretym:
Go to farm, you all abandoned farms and troop to Abuja, Lagos, PH, Kano, expecting ghosts to plant Yam, beans and tomatoes

After hailing yeyebreties on social media, watch tiktok and insult each others on twitter, you expect manna to fall from heaven, arrant nonsense, you ain't see nothin yet

Very soon, those exporting rice and spaghetti to feed you will ship it elsewhere, by the time you start dragging grass with goats, you guys will have sense and go back to farm

you are always stupid as usual.
It’s in your nature. Must everyone be a farmer?

What about the farmers that Fulani herdsman haven’t allowed to farm? What has the government you voted for done to stop the madness?

Suffering and smiling zombie.

Thunder fire that your Yamayama ugly bald head for this rubbish you just typed.

oneMalik:
As I like your post reach , your blow it by mentioning Tinubu .

What has voting Tinubu get to do with the problem we are all facing here in Nigeria today ?

Instead of you to tell us or bring idea to solve issue , you are calling name .

Are you aware that those abroad are suffering from the hands of those at home than you can imagine ? They will hustle under stress to make money and send home .... just go to places or ask questions and see rubish the people you are pleading for do with the money they gave them to execute projects .

Out of 200-million Non-trustworthy citizens of Nigeria , we made Tinubu the Leader and you want magic .

You've gotta face wetin deh face you if you have no idea .

agbadorian . You Dey craze for this post wey you post.
If dem no mention Tinubu , na your papa dem go mention?
Who is the president? Who are Kenyans calling in their protest?

The so called fossil grabbed power to do what again?

You see say you no well? Animal .

nlfpmod:

https://www.youtube.com/watch?v=seE2GIG4tX0?si=Wuj_HaHVQHRTs-Ia

Abdullberqy Usman Ebbo, Special Adviser on Digital Communications to Niger State Governor Mohammed Umaru Bago, posts about the agriculture revolution in Niger state.



Abdullberqy Usman Ebbo

Hope no be GMO dem Dey cultivate. Because that one is from frying pan to fire o.

efighter:
Wailers will still wail. They inherited sadness and sorrow from their forefathers.

Meanwhile, we are not interested in Reserves, we are interested in the impact of the Reserves on the masses. Emilokan JAGABAN, do your magic before our patience runs out

so you get patience.

I no know say zombie Dey get patience.

Be assured that that patience will run out.

adamusuleiman1:
https://punchng.com/nigerias-fx-reserves-hit-34-14bn/

this reserve no Dey pass 34 billion since APC took power. Why ?

okoolori:
Some of you don't have common iota of sense at all... So it's the economy that made him to jump from his balcony abi? How washed is your brain anyway...
Someone has been battling depression and decided to took his own life and you put the blame on government just coz you lot can't take a loss from an election that has passed since. We a see the effect of how brainwashed President Ruto did and it actually backfire just as it would have s the Agulu prince had won. We really dodge a bullet sha

Which bullet you dodge?

What is the sense in dodging a bullet, and finally getting destroyed by a RPG?

Hope you know the destruction your lord and savior is causing in the country is far greater than whatever Ruto can ever do.

You no get sense sha.

Simple English, you can’t construct.

Thunder fire that your yamamyama head.

AkinPhysicist:

I.diot… dem Dey talk important thing na Peter obi dey bother you.

Magnumproperty:
Your papa no go die well. I go track you no worry. Hand go touch you soon.

😆😆😆 church rat like you.

Na with that your 28k phone you go use track me?

E don even tey wey you Dey look and beg for cheap cheap phones . Poor thing .

I Dey pity you.

Magnumproperty:
I was begging for 45k to buy a phone. Please kindly bring out the post. See me see wahala ooooo. I was planning to buy an android phone of 45k for someone not myself. Please is it a crime to buy a phone for someone and specify your budget? I don't understand bikonu. Like I said earlier just call me and let's meet one on one.

Don't worry I will look for someone to track you for me.

I.diot. Why did you go and wipe your posts😁

You were begging for a phone, and then you had not started seeing shege from your government you so love o.

You have an app where you will be paying as low as N250 naira to buy land😆😆 , and you went ahead and voted rubbish? How long you wan pay for land with 250naira everyday ?

You see you are a very dull monkey ? You have been wallowing In poverty all your life, and you still went and voted calamity.

Just know that you will go deeper and deeper into that poverty you so love.

You wan track me? You better use that buy yam and plant in your backyard before hunger finish you.

But just know that It shall not be well with all of Una wey do us this thing.

Magnumproperty:
All these bull shit you are talking doesn't concern me. If naaa your papa or your mama born you call that my number and meet for Ajah and tell it to my face
I don't understand if I am no longer entitled to my own opinion. What has my opinion got to do with you insulting me. I didn't insult so what gave you the audacity of insulting me is what I don't understand.
If you don't like or believe in the current government policies how does that warrant the insult. If you are frustrated, then look for another person to vent your anger own.

I.diot.

I checked your posts and saw that you were begging for 45k to buy phone a while ago. Suffer no Dey taya you.

You see what that guy you were trying to counter said?

YOU GO CHOP SAND since you no wan get sense.

You wan fight me? 😜 you don chop today? You are looking for who will kill you.

Poor wretched i.diot supporting his oppressors because of tribalism.

Thunder fire that your ugly bald head.

Monkey !

Magnumproperty:
You called me big monkey without knowing me and for me voicing out my opinion?
I live in Sangotedo. Call me on this number 0 nine one five one seven zero six two two 8. Call me and let meet around Ajah axis. And tell me all what you wrote here to my face I don't want to know how huge or hefty you are. Please call me and let's see face to face and tell all this to my face. I swear before God and man, you won't go back home complete. What sort of nonsense is all these for Christ sake?
From my comments I didn't insult you or attack you but you have the effontery to insult me like that. Please I will be waiting for your call as I said earlier. I don't have time to report you to any mods let's settle it one on one. I beg u

I even dignified you by calling you a monkey. Monkeys are smarter than you, going by the rubbish you wrote in your initial post.

If by now, you think these people are doing anything that any future government will come and destroy , then I pity your life, because from that your sangotedo, na village you go pack go.

You sound like one of those touts that were intimidating people in the last elections.

Na people like you put Nigeria in this condition.

You better wise up.

Magnumproperty:
We didn't eat grass when he was Lagos state governor naaa now we wan Kan eat plant. Taaaah
Tho the inflation is too high but I believe all three candidates said they will remove fuel subsidy except Kwankwaso. Well the plans other might have before removing fuel subsidy is what I don't know. But I believe BAT isn't there to kill Nigerians.
America, UK, Canada etc where we've been running to also started from somewhere. But my fear is after all these sufferings and things begin to take shape and after his tenure, the next President from the North shouldn't drag us back like Buhari.

you be big monkey if you believe these people are making any effort for things to take shape.

You sound stupid, really.

olig:
Here is the recent GT Fund performance.

Why can't I find any information on GT Fund Managers on this thread? Does anyone else have experience with them?

so GTB mmf rate is 20.72%

Shimran:
Deborah was killed because she think she can hurt other people by going Scott free in the name of freedom of expression. Few weeks back, in America, the so called mother of democracy, a man was arrested for expressing his mind against the POTUS. What a doubled standards

What was the crime of these couples against those attackers?

Omo… you are really stupid for such statement.
So whatever it was she expressed justified her killing?

See who I Dey share country with.

You are worse than an animal.

Bluntemperor:
You people are just spewing rubbish and one wander how hatred has eaten up your normal reasoning!
Bread Prices is tangential by the availability of Wheat Production and wheat has a Pacific Zones of a Northern Hemisphere of Ukraine, USA,Canada and Russia,being Major Produced,with other Countries,with limited production.
Now, Russia and Ukraine are both Major Producers are at War, and this affects the Production and automatically,the Bread Availability!
So,do you want to Control what you can't Produce?
Please,go back to your State and Produce 🌾 for bread,so that the Prices will come down.

werey …. Or na you Dey spew rubbish?

Is it Russia and Ukraine that is driving the cost of other items upwards with no end in sight?

People are complaining, you are talking of hatred.

You are a mad person, and you know it.

Paraman:
https://punchng.com/13-states-show-inflation-slowdown-as-cbn-policy-takes-effect/?utm_source=telegram&utm_medium=social#google_vignette

Dishing out lies back to back.

Which useless CBN policy Dey take effect , abeg?

ghm:
Thank you. Most people didn't read that it is a private farm and not government farm.

We just like blaming government for everything. The money to set up that farm is less than what we do blow in a party in one weekend as a people. Most of our cities are full of drnking joints and those in that businesses are becoming billionaires because the business is good. What national productivity like this do Nigerians embark on?

... let me stop please.

stupid boy… weather privately owned or not, is it the one Fulani herdsmen will go and destroy, and kill farmers and the government will look the other way?

Why are you mofos so stupid?

MadeINchenzen2:

https://www.youtube.com/watch?v=IVf8kzRUvGA



https://westafricaweekly.com/nigerias-fg-launches-bill-gates-funded-gmo-maize-variety-names-it-tela-maize/

anything bill gates and world bank and IMF tell these ones to do, they will obey, even if it’s to the detriment of their country and citizens. Why

ElSudani:
Actually, the most difficult hurdle has been crossed. Things will only get better from now.

Statistics are saying something different.

It keeps getting worse

How long will take you and your likes to accept the fact that it’s not everyone that is as stupid as you lots?

Ewu!

Eagleways:
Just look at what a fellow who eat through the mouth reasoned

you sure say he Dey eat through the mouth? E fit Dey eat through his anus… a lot of them are not normal o.

RodgersAkpafu:
develop Africa when the dull people there are cheering Tinubu on to ruin their lives kpata kpata

the idiot you quoted is one of the bastards that voted/ supports this government.

See how he’s running up and down on this thread like a mad person asking people to stay back and develop your country, meanwhile he voted and supports the demons that are ruining the country.

StreetFight:
Continue complaining, Fuel Subsidy is gone forever. Forex Subsidy is gone forever. The gods of Politics and Economics Emilokan Asiwaju Jagaban has done what others were afraid of doing

See your smelly mouth like subsidy is gone forever.

the joke is on you. They are paying more for subsidy now.

You and your likes running amok here, writing rubbish doesn’t change the narrative.

It only shows that Una head no correct.

Very soon, Thunder go fire that your big yamayama head wey na dirty full inside.

Dirty thing!