₦airaland Forum

MT:
So by your illogical reasoning, Nigeria should go out and borrow at neck breaking interest rate to pay subsidy.

Even wealthy nations that can afford it are not paying subsidy.

If Nigeria is a wealth nation, she should be part of the G7.

You are delusional. When you have great resources and you cannot transition it to wealth, it doesnt make you wealthy, you only have great POTENTIAL.

Now, Tinubu is setting us in another direction, retooling and rekitting the nation.

Your last line just shows u up for what you are. Your government will kill you and you will sing their praises while the knife goes through your throat. You dont deserve a working country. You deserve suffering - and you will get it.

A people get the leadership they deserve.

You are painfully slavish and ignorant.

Gajagojo:
It is not a fact it is a deduction

In fact, let me bust your brain. As at today, by every proper calculation available, more money is being paid for subsidy by the backdoor than as at May 29 last year.

Because of the exchange rate.

Gajagojo:
It is not a fact it is a deduction

Look I dont have time for semantics. If it is a deduction, it is a perfectly logical and indisputable one.
And the IMF itself (Tinubu's Lords and Masters) have confirmed it.

MT:
With your moniker being "DeepSight, I was expecting a great deal of "insight".

At bolded says otherwise.

Could it be that you are simply one of those who will defend Tinubu even if we end up like Venezuela as a consequence of his hasty and ill thought out policies?

Are you Boxer in Animal Farm?

"Napoleon is always right?"

Gajagojo:
That is an assumption

Ol boy it is an indubitable fact.
Nothing else can account for the price of PMS remaining stable despite the flying pace of the exchange rate.

It is illogical. It is impossible.

MT:
I challenge you to mention if either the US, UK or Canada - the topmost countries you always rush to mention - subsidise fuel ?

Many countries do And I didnt mention a particular country, but in the USA - many states do.

You still dont get it, Nigeria will have that "jump" because there was no money for any form of subsidy. Buhari knew this and it was not even part of the budget that Tinubu got from Buhari administration.

One thing I can easily point out is that monies for subsidy were budgeted up till the end of June but the frog removed the subsidy abruptly one month before in his inaugural speech. No one does that. You cant make such a significant policy change only minutes into your administration. You need deep and wide consultation and advise for that move. You need to study the system.

You think Nigeria is still a wealthy nation? Don't be delusional, that was then.

You are the delusional one if you dont know that Nigeria is a wealthy nation which has simply been stolen blind and badly mismanaged.
It is still a wealthy nation - wealth is not cash. The resources available to us are still not being intelligently managed.

ezegenigbonine:
My brother, Nigeria uses dollars a lot. We are not producing anything, so we virtually import everything. The phone you are using to type whatever you are typing was imported by exchange of naira to the dollar. Likewise almost everything you are using in your house. This country is so useless that we even import toothpick

Gbam!

GeneralDae:
So when Buhari refused floatation simply because of this same cart before the horse reason, why was he criticized by Obi and most of the analysts in 2022 where they said floatation is the only way? Don't you think Buhari was also waiting for the revamp of refineries and coming on of Dangote refinery?

It is a pity tht a day has come when we can possibly miss one of the worst and most illiterate presidents in the history of the world.
But here we are.

We have been gifted with a thoughtless insensitive demon straight from hell who is an errand boy for the IMF.

MT:
I quote you - The increase in petrol prices [color=#990000]by 200% in Nigeria [u]in a single day

It wont happen in other countries because these countries have been selling at the international market benchmark while Ngeria has been enjoying susidy. We have never bought at the real cost of petrol as obtainable in other parts of the world.

There is subsidy in many forms in most of the countries you have in your imagination. And there have also been efforts to remove such subsidy in many such countries. Believe me, I have researched the matter carefully. In no country, except Nigeria, has it ever been done the way it was done here. No country .

So, there had to be a jump.

In other countries, the worst you had was about 30 - 35 % increase over a period of about a year or two years.
Only mad people do a 200% increase in one day.

Mad, irresponsible, illiterate and suicidal people.

Gajagojo:
Just open your mouth to yarn rubbish

Remove subsidy gradually?
Which subsidy?
There was No money to pay subsidy.
As of May 29 2023 The government was OWING subsidy money and servicing debt with over 90%_0f revenue

The government had. NOT BEEN ABLE TO PAY subsidy since January 2023
The government was broke . Even the oil being drilled had been sold in advance and the money spent.

So any talk of reducing subsidy gradually is unrealistic and childish
The only way to do that would be to borrow and those willing to lend Nigeria were non existent except the IMF.
The IMF will not lend you money for subsidy
When you need to borrow from the IMF you are screwed
There was literally no money to pay for subsidy.
Even now as we speak the government still owes NNPC subsidy money
All the money borrowed from Added in recently $3 billion is conditional
NOT FOR SUBSIDY

no one will lend you money for that

Looks like you are accustomed to gutter language. I don't have the time for that.
Listen: the only reason we got here is corruption - not subsidies. The said subsidy was bloated and inflated by corruption.

Research. The increase in petrol prices by 200% in Nigeria in a single day was a global first. It has never happened in history in any other country before. And no country does that. No country. Only in mad Nigeria does such lunacy happen.

I repeat: the issue is corruption - not subsidies.

You speak as if the subsidy being paid was a proper amount in the first place and that it simply naturally bled the country dry. That was not the case. Corruption did it. Otherwise there is no way the cost of subsidy would jump from under 300 billion to over 6 trillion in a few years. If that is not black magic, I dont know what else is.

You have lost your compass. You have lost your sensitivity. You dont recognize protestable issues anymore.
You will be killed by your government and while the knife is going through your throat you will be shouting - like Boxer in Animal Farm - "Napoleon is always right!"

Gajagojo:
Atiku a clown
What was Emefiele doing?

https://www.bloomberg.com/news/articles/2021-03-23/nigeria-using-managed-foreign-exhange-regime-central-bank-says

The truth is bitter and painful.
Nigeria and Nigerians have a lot more pain ahead and no one can tell them the truth

We must curb our appetite for imported stuff
Otherwise we will see dollar at 5000
No matter who is in charge . Tinubu should see this through even if it costs him the next election and the rest of his damaged reputation.
We have to start feeding ourselves. Imagine Nigeria spending tens of billions of dollars importing food. How Do We pay for that? Bitter and painful truth.
We have to take this very bitter medicine. I see dollar at 3000 this year before it starts to stabilise. I do not blame Tinubu because it is the right thing to do and whoever does it will.incur Nigerians anger and that is why past leaders have avoided it. Now we have no choice
The only thing that will change the exchange rate is inflow of dollars on a major level
Not going to.happen.

Learn to stop eating rice . If you don't produce rice start eating cassava and cocoyam


The one thing I will criticise Tinubu for is he and his government as well as the National Assembly. Have to be seen to visibly make sacrifices too
But if the exchange rate reaches 10000 is all good
We don't need dollars to plant yam and cassava. Nigeria must curb this addiction to rice

Cart before horse. Remove subsidy gradually but make sure local refineries work fully first so you don't import petrol tied to the dollar. Float the naira if you must but make sure your are a net exporter first. Floatation of any local currency by an import dependent economy is suicide.

Besides, believe you me, even first world economies take measures to defend their currency. If you abandon your currency to the vagaries of the wind when you produce nothing, you are beyond daft. You are suicidal.

Cart before the horse. That's what's going on, and that's what you are championing. Tail wagging the dog. Upside down logic.

Godfullsam:
Corruption can not fight corruption. Until we have a leader who can fight corruption head-on, we will just be beating around the bush.

The root cause of all our problems can be traced to corruption.

Gbam!

APOPTOSIS:
I'm highly elated he floated it.
He should Float more.
Sometimes, some things are just blessing in disguise waiting to be tapped. He's fast creating more Billionaires

Only those who earn in dollars.

A devalued local currency will always be a disaster for the generality of people in any import dependent economy.

Topman7:
They are silent because they remember Peter Obi was the loudest critic of fuel subsidy who promised to remove it on the first day of his presidency, if elected.

So we would be in this situation even if he was president, and they know it.

That’s why they are silent.

I really dont know if either Atiku or Obi would have mishandled the subsidy issue the same way - its possible they would have. I would think an Atiku would be far less likely to mishandle it though - on account of his experience within the Federal System.

However you should bear in mind that its not only the fuel subsidy removal that is torturing us now, the problem was doubled by the simultaneous floating of the naira. And you cant be sure that either Atiku or Obi would have done that as well.

Jennyclay:
God knows if a man bash my car like this I won’t let go until he fix every single thing. Especially if the man is a poor man

I will drag the poor man to court and I will make sure he pays with his last blood or else he will serve jail term .

I will make sure he’s left with absolutely nothing after fixing my car

They know how to destroy but they can’t build. Nonsense poor men!!!

Beware what you say, the fates can be mischievous and they may just locate you on the other side of this narrative: i.e: you will be that poor person who will bash the car of a merciless, powerful and influential wicked person.

Viper000:
na only suicide fit end dis misery.
Me like dis I don tire for dis life. I Neva shop since yesterday. My body just dey shake. I don hustle tire, I use the money settle debt tire…. I still dey owe loan app 15k…. Indomie don cost, dem dey sell 220 for my area, poor man like us no fit breathe. Omo na hw to kill myself I jst plan.

Have courage friend, hope springs eternal, and great turn round stories are made every day.

MASTERCHIEF0847:

I don't mean to be insensitive but his take on suicide is not ok.

Be careful how you speak, depression, despair and suicidal thoughts are not topics to be discussed flippantly or lightly.
I understand that you are actually trying to discourage suicide in an inverted way, nonetheless be careful with your approach because it's extremely sensitive territory, and you can never tell how far another person's despair has run.

Aside from this, please be informed that suicide is not always cowardly. In many ancient cultures it is actually considered honorable in the face of certain realities. The view that a man or woman must carry on in the world no matter what is narrow minded and does not account for the variety of human experience. This aside, I am of the personal view that everyone should have the right to terminate their own life if they so desire for any number of reasons - and this includes being euthanized in the event of a terminal illness.

Is he related to Bishop Benson Idahosa

toujurs:
would you like to book a ride, for your sister?

Hahahahahahahahahahahahahahahaha!!!!!!!!
Mehn, I laughed my head off at this one!

jesusjnr2020:
While many were still blindly arguing that there's no such thing, the rich and powerful who most of them look up to were already busy preparing themselves and building doomsday underground bunkers for themselves and their families to flee to so as to escape the wrath of that day.

Although that wouldn't be able to save them on that day either, at least they weren't ignorant of what's imminent.

If you're one of such doubters, you can learn that from them but also go one better by doing it right so your own preparation shall not be vain.

God bless.

So your God created a reality show for his entertainment, complete with an epic finale where he gets to blow everything up, kaboom!

EreluRoz:
How easy it is for you to insult an elderly man speaks volume.

Nobody is praising him for not meeting up to expectations but learn to know your boundaries.

STFU.

Elderly man indeed. A cursed, thoughtless, evil, wicked soul you mean.
Do you know the level of suffering and death that this man has brought about in the last 8 months alone?

Dtruthspeaker:
I am in Jioy, thank you. Hope oneday you'll cone out of your prison.

Amen.
You may never know why I say Amen.
But a big Amen to this.

Dtruthspeaker:
A person who only sees darkness one who is blind or is in the dark prison of the curse called desolation and despair.

Whereas the free live in the light in fullness of joy and happiness which is obviously not your world, So you are in hell already.

Enjoy.

Dtruthspeaker:
The earth is not full of sadness but of joy. But maybe because you are cursed to live in darkness is why you think the whole earth is dark.

I am not cursed to live in darkness. You are simply blind to both world history and current affairs.
Also you are ignorant of the brutal workings of nature and the wild.

israelmao:
The kind of Naira notes that come out of Nigerian banks this day most especially N10,N20,N50,N100 and N200 are appalling and unbenefiting for use yet bankers hijack new naira notes in their possession for illegal sales to the POS operators,I call on the attention of CBN to check this excesses as well as unnecessary and illegal withdrawals from customers' bank accounts.

Its for Owambe's and Strip Clubs.

ahmedio2017:
Haha which kind of statement is this? Were you there when God was coursing Africa?

Yaradua and buhari had good intentions but the system was too corrupt for them to thrive. Let me tell you the honest truth, no matter how trustworthy you are you cannot rule Nigeria so far we are still practicing this useless democracy.

Buhari, an inert, lazy, illiterate provincial man, could never be a good ruler of even a village.

Suicideboy:
Niggers are sub humans including you

Not a surprising comment coming from one with your moniker. Self hatred is obviously a problem for you.

You had better see a shrink before it's too late. If you can't afford one, please find a friend and start thinking positively. Urgently.

tensazangetsu20:
Bros what kind of life are black people living. All over the world, majority of black people are suffering from birth to death. Cursed race.

As someone said, everything is in phases. Romans would have considered Germans and Brits cursed. It's all a matter of time.

RickyJesus:
When I called you tribalist, I meant you as an Igbo (I later figure that out). I always have a feeling that your gibberish on Buhari has nothing to do with logical and reasonable analysis but simply coming from an emotional standpoint from a tribalistic bigot.

At the bolded; that's just a low blow and a demented view on painting a picture with zero idea of what the person is offline while hoping those word will on some way have any effect on the person, very pathetic.

From the foregoing you are the tribalistic one, and you make presumptions. You presume for example, that Igbo people who didnt vote Buhari are tribalistic.

RickyJesus:
Fvck off with this your tribalistic view.

How is his disdain for voting Buhari tribalistic? Was 2015 not a turning point for the worse for this country as is obvious to everyone?

Personally I didn't need all that happened to happen before I railed against Buhari. His antecedents were there but we are a blind and daft electorate.

pansophist:
When people say there is enjoyment in nigeria, it's about the communality, food, being the default, lack of civic responsibilitiee, and "freedom in chaos" such as hook up, bribery, abusing others ( eg sales girl, house boy) etc

Apart from these, I don't know exactly how Nigeria is fun. If one have adapted to their new home, it's far better fun than what's obtainable in naija

How can you enjoy a place with no light, dirty beaches that's not free, no free museum, architecture, library, etc?

And a preventable situation such as bad roads, dumb police officers and bad medical care can kill you in an instant?

Also, your money can only go far in a functioning society. It takes me about 20euros to fly from Amsterdam to the Spanish islands in Africa (Gran Canaria) , but can same amount take you from Lagos to Abuja by flight?

If I dump you in the desert with a million usd suitcase, your money becomee useless, just because the desert can't convert your cash to value.

It's the same thing with being wealthy in Nigeria. Hopefully the drugs you bought for headache is not fake. Imagine paying for your death.

So no, there is no enjoyment in a dysfunctional system. Just that human natures will adapt to bad situations and create fun in it. Just as the kids in the ghetto are having fun, but it's not good life.

This is brilliant.

Look, let me add. It's not that there is no free museum in Nigeria. There is no museum period. And thank you for mentioning architecture and libraries.

Not to speak of monuments. We are such a harried people that we don't think of the finer things in life. Even other African countries sometimes do. Example, the African Renaissance Monument in Dakar. That thing is comparable to the Statue of Liberty.

When one visits a city, there should be highlights to see. What exactly does a tourist have to see in Great Lagos (I love the place don't get me wrong) or Government Abuja? At best Zuma Rock.

Mayntheemaynn:
If you look up the history very well, it's Hubal that is the Allah inside the shrine called Kaaba.
But it is well.

Guarding that meteorite they keep kissing?

Bisimillahi rahman raheem