₦airaland Forum

What goes around surely comes around. Those who are stoking violence should know the consequences of what they are doing.

He is going to be a lame duck for the rest of his presidency.
The defeat handed to him is historic.

lumay2:
President Bola Ahmed Tinubu has continued to steer the Nigeria economy toward achieving $1 trillion economy by 2030. This size of economy is to be achieved in four(4) years from now. The economic policies are believed to help in achieving this goal including different External Borrowing Plans.
African nation economies have always been robust except that people on the continent are still mostly living in poverty.
Nigerian economy has been recently expressed in terms of the country's financial reserves. We live in a country that seems like a father that has billions in savings in the bank but the family members are in penury.
I am yet to understand why the economy of Nigeria is drifting yearly towards poor quality of life for average Nigerian since independence. The elites and political class may have different opinion about this view.
However, the current crops of Nigeria leaders were the youths that had the best of Nigeria. When a university graduate can buy a Volkswagen beetle with car loan.
If the current administration of Federal Republic of Nigeria has set a goal of $1 trillion economy, what does it mean for a common man?

Ask yourself when exactly did that stop and the decline started. It can be traced back to the start of the fuel subsidy. Nigeria stopped growing from that point on. About five years after subsidy was institutionalized the government under Shagari had to declare austerity measures, Nigeria has been going in circles since them.
All kinds of gimmicks were introduced in the system since then but nothing worked.
Tinubu's government is a fresh start and a rare opportunity to break from the past.

Nefort:
Atiku is actually Tinubu's main rival and I am surprised the noise I am hearing from Nairaland is only coming from Tinubu and Peter Obi's supporters. What happened to Atiku's supporters?

His son is supporting APC. Think about that.

Straight out of IPOB bureau of statistics.

LordBiden:
Reasons why Atiku is better than obi or tinubu.

Atiku is a good thief no doubt he is going to steal enough to compensate himself for all the losses suffered contesting elections but the he like obj will assemble technocrats to transform the economy.

Atiku is not a tribal bigot appointments will be spread round including the marginalized south east.

Atiku knows how to create wealth,he has been a successful business man and one if the biggest job creators in the country.

Atiku will bring back subsidies on petroleum products,he understands the situation better.

My only problem is it's the turn of the south,but instead of God to return Tinubu he can just give us Atiku to manage.
Obi is would just be another weakling like Jonathan trying to pls the North.

Ok, good luck. Sorry in advance for your disappointment.

Burruchaga71:
Both of you will regret,mark my words.

No, It takes foresight to see and understand some things.

Where's the Lagos son guy. Please make sure he knows about this.

Burruchaga71:
Advice DRUGGIE to gently step down or have himself to blame..
A word is enough to the wise.

I don't engage folks like you. Your problem is centered around food and nothing else.
FG is now giving out N50000, go and get yours and relax.

nairalanda1:
Even if we removed subsidy in 1992...when it was the best time to do so (we had 4 working refineries, and NNPC Pipeline was working)...Nigeria needs to do more than just remove subsidy...roughly speaking we need to become an industrial economy that actively exports industrial goods.

Also, we can never stop borrowing. Every country borrows...even North Korea relies on 'grants' from China and occasionally Russia and South Korea and Japan. What we can do is reduce borrowing, which means making sure every working nigerian pays income tax.

I agree with you completely but there are many things that needs to be done before you can transit to an industrial economy.
Power, steel, good transportation infrastructure etc.
Our leaders are aware of these but when they are faced with choices like developing the country in the long run or pacify Nigerians in the short term.
They always go for the short term. This why our power supply is shameful. Our roads, agriculture and everything needed for industrial growth were left in favor of short term measures like fuel subsidy.

deetin:
Appreciate or no appreciation.. or is a shame that Nigeria as an oil producing country, millions of Barrels or metric tons of it i don’t even know how it’s calculated doesn’t have a working refinary and the Dangote that everyone relies on you have said also imports so with all the billion and million dollars loans and investors coupes with our crud reserves and oil wells why can’t Nigeria as a country have its own working refineries?

Not even one but multiple? ..,you can’t say they don’t have the money or can’t borrow to build or can’t invite investors … it’s always excuses to defend what they are doing just why can’t they have a working refinery as a country that has crude? Is it not a shame? Relying on Dangote to rescue us and you jjst said he also imports , so why can’t Nigeria as a country build its own refinary that works and reduce its dependency on imported fuel because fuel controls our economy, if w rise tomorrow everything rises with it . Why?

And to end my opinion, even no presidential candidate has used building a refinery as a manifesto, so if you are Right that refineries are not working they have to continue with the status quo .. I’m not partisan but I try to understand.. you can enlighten me

One thing you need to understand is that the government is not very good at running profit making enterprises.
We see it everywhere from Ajaokuta to NAFCON etc etc.
When Dangote and Otedola proposed to buy the refineries and make them work some Nigerians rose up and started to protest, the government gave in and here we are today.
The refineries are still not working, workers there are still being paid much like Ajaokuta.
You can't develop a country like that and this is part of what this administration is trying to address.

nairalanda1:
Well, we have been all saying that for as long as I can remember....that there is hunger in the land. Even when we had fuel subsidy, hunger in the land was a constant complaint.

The best way to deal with hunger is simple.

1. Remove subsides on electricity, and allow the power sector charge a cost reflective tarrif. THat brings in funding for improved power supply from the private sector.

2. Improved power supply allows for something called mechanized farming and year round farming...which improves food production. For example, more electricity allows for something called electrical powered irrigation...which means farming can be done even in the dry season.

3. Offer loans to small and medium scale mechanized farmers, as well as incetivies to people willing to engage in large scale mechanized farming. Not free fertilzer to subsitence farmers ....loans to people willing to plant things like wheat and grains enmasse.

4. Allow universities to charge high school fees...so that they can use the monies raised to fund things like agric research, which means more crops which means more yields from agriculture

5. Loans should be taken to improve railways...to the point that foodstuff can be transported from villages to towns quickly. A lot of foodstuff dies in the field because transport is wack.

6. Everyone pays tax, and everyone pays toll on the roads, which reduces our dependence on borrowing, and improves revenue which can be used to pay for more and more roads, and railways.

7. Better electricity..see no 1 and 2...allows for better storage of foodstuff. Again, discos must be deregulated

8. In the short term reduce tarrifs for food imports, which may help until we can stand on our two feet

9. Nigeria has to become an industrial nation. INdustrial nation's citizens have one thing in common...they have massive disposable income

10. Rich nigerians get tax breaks...in return for funding food banks which help feed lots of nigerians well. THat means improving the database, so that we know who is poor and who isn't.

11. And we better fight corruption.

You made very good points but many people cannot connect our failure to do these things with the ruinous fuel subsidy. It took so much money from other sectors for far too long.
We could have done many of these things you mentioned even without borrowing.
Imagine borrowing money to subsidize fuel consumption! Who came up with that idea anyway?

Burruchaga71:
Next is demanding to capture DRUGGIE dead or alive.
SAMUEL DOE treatment loading....

These kids sef, be careful what you wish for.

deetin:
That’s the first thing you should have advised your masters to do instead of making life harder and sharing reliefs , building coastal roads and borrowing loans .. if the the two working refineries are still importing fuel which does not make any sense to me if you are being truthful ( because we have crude, so how Dangote go dey import crude or refined fuel?) that is the first thing you people should have done. Not making life harder for the masses, amassing wealth and sharing rice

None of the things you mentioned is related to the hardship facing Nigerians. Rather they are meant to grow the economy in the long run and benefit everyone.
I never said the government owned refineries are importing crude, I said they are not working.
You see, when you find yourself in a hole the sensible thing to do is to stop digging. That is what Tinubu has done.
Soon Nigerians will come to appreciate this.

Catchy song. APC should blast this song on radio all over the country till election day.

deetin:
What is the meaning of this your comment?

Nigeria has raw crude and Dangote refines . Other refinaries are still running on slow scale how does the war in the Middle East affects Nigerias fuel price? So if Nigeria starts a war or is in a war with a country tomorrow , are you saying fuel cost will rise in Iran and America and all other countries that are not even part of the war , has crude and refineries because we are at war? How e take affect them? Gone are those days we rely on import, now we refine, what’s still the excuse? That Iran is fighting America.. we are Nigerian citizens And masses we no get sense I think abi?

The two Nigerian owned refineries are not producing anything. You need to start being aware of your situation. As for Dangote, he is still importing crude from foreign suppliers and you cannot ask him to sell to you below his cost.
This is why Nigeria is not one of the leading economies in the world today.
You don't even know how crises in other countries can affect prices in your own country!

anonimi:
Why has Tinubu failed to crash petrol below N185 despite paying higher subsidy to importers of fuel from their Malta blending plants, to undermine the private refinery licensed by PDP

Tinubu crash petrol prices? Are you oblivious to the fact that prices are up because of the wars going in the middle east and Russia?
Is Tinubu also responsible for this?

anonimi:
If Tinubu has no clue how to make it better, why not let someone who can do so, take over


"Tinubu made living in Nigeria expensive. I will make Nigeria affordable again" - Alhaji Atiku Abubakar



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Of course you know better than all the countries and all the financial institutions who are telling you the reforms are working and the economy is growing.
The fact that some people are negatively impacted initially is not an indication the country is not on the right path.
Anyone telling you he will reverse what this administration has done is not your friend at all.
You cannot have the subsidy albatross on your neck and hope to go anywhere. Now that it is gone the country needs to recover and this takes time.

This is objective and honest observation. I wonder why elders like Obasanjo cannot for once be honest.
All these things did not happen 40 years ago, it was barely four years ago

LagosOrigin:
It is very dangerous to mention bola in the north talk-less of tinubu

Even if you're standing in front of a security operatives, you go still collect

The violence will consume the perpetrators. "He that diggeth a pit shall fall into it"
They are stoking violence because they know they can never win.

buharibanjo:
Tinubu de fxck up according to all but you go still de see crowd of supporters...as how?

Don't mind them. We can't all be crazy.

EgbeAbali:
Go and sit down..y'all were already doing that before Igboes started....and come to think of it,it's always inferiority complex that makes you mention another tribe that has nothing to do with the conversation at hand.

Your folks started it without a doubt. We warned them but unfortunately they thought it was fun.
Jinny is now on the loose who is going to put it back?

ymarts:
Yoruba man must you find a way to measure prick with your biggest nightmare the great Igbo man, and one keep wondering why you guys always do this nauseating stuff


If I have time I will list more food chains and fast food restaurants in Nigeria controlled by the great Igbos so that people like you can rest in peace and focus on your life and pls don't bother quoting me cos I won't reply you or your likes, but you guys need to change this terrible lifestyle and practice consuming Nigeria's peace and unity, it doesn't speak well of you all, bye

Your people started it on the internet. Now the jin is out of the bottle.

anonimi:
Don’t mind him jare.
He is just being a clone of the balablu bulaba empty barrel whose Aso Rock tenancy ends in May 2027!
Same ol same ol’ wickedness of the Siamese devils.

Abi Tinubu has strengthened the Naira as he promised before he was allowed to grab power from Buhari?

Obasanjo/ Atiku administration did it with deregulation and privatisation policies that unleashed widespread prosperity and created jobs to make us the biggest African economy under PDP before Tinubu destroyed everything with his 2011 expired kachalla Buhari, fraudulently packaged as APC change messiah four years later.

Why do folks like to lie to yourselves. Where are all the privatized companies today? The only thing they did right was ending the NITEL monopoly which by that time was already on it's death bed anyway.
What are the enduring economic or political legacies you can remember them for?

The same OBJ who sentenced generations to poverty by institionalizing the ruinous subsidy into our system.
30 trillion naira wated altogether with nothing to show for it.
Baba should go and rest joor.

omenka:
Yes, to their chest "so Tinubu doesn't steal the ideas".

Perhaps El Rufai should just be let off the hook so we can at least have ONE human with a working brain in that camp speaking. In the last three months we've been inundated with the worst of brainfart that it's becoming sickening.

I am resisting the temptation to say what I really think about your comment.
Steal his ideas?
What does it cost a true patriot to say his ideas if he believes it can help his country?
Obi is just another power hungry politician who doesn't give a damn about anything other than his own ambitions.

seunmsg:
Peter Obi will just wake up on the morning of May 29, 2027 and announce that the official exchange rate is $1=N500. Immediately, every commodity seller will reduce their prices by at least %50. The prices of bread, rice, cement, okpa, fufu, even olosho will automatically go down by %50. What a genius this man Utomi is. By December of 2027, the Nobel prize committee will give the Nobel prize for economics jointly to both Pat Utomi and Peter Obi 🤣🤣🤣

You are funny 😁 😂

How exactly is he going to do that or he is keeping it to his chest as usual ?
Empty promises with no real sensible path to actualization.
Another lie for his simple minded followers.

What goes around comes around. As simple as that.

Heffalump:
Ahrr, this one kidnap value will be high. Omoleye is suffering in the hands of Tinubu walahi.

This will rank as one of the most senseless comments I have ever seen on Nairaland.
Just remove effalu from your moniker and we can see the probable reason for your comment.

I hope he is safe. Kidnappers should get the death sentence without any option of jail term.