Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,377 members, 7,958,044 topics. Date: Wednesday, 25 September 2024 at 07:58 AM |
Nairaland Forum / Emorse's Profile / Emorse's Posts
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (of 93 pages)
Politics / Re: Tinubu Commits To Replicate China’s Infrastructure In Nigeria by emorse(m): 11:40am On Sep 07 |
hopexter:I'm sorry I shouldn't have tried to show you another point of view. I know insults when I see them and I try hard to avoid them. Have a nice day sir. |
Politics / Re: Tinubu Commits To Replicate China’s Infrastructure In Nigeria by emorse(m): 10:41am On Sep 07 |
hopexter:Yeah you're right. But you should also remember that with each 24 hours that pass, we have one less day to live. Mind you, Ibrahima Traore of Burkina Faso assumed office about seven months earlier than our president. You should read about him. |
Politics / Re: Tinubu Commits To Replicate China’s Infrastructure In Nigeria by emorse(m): 10:33am On Sep 07 |
This man knows how to tickle his people sha 6 Likes |
Politics / Re: Why Is Nigeria Paying More For Fuel, And What Are The Solutions? Reno Omokri by emorse(m): 9:59pm On Sep 06 |
DeLaRue:Lets do a bit of maths sir. Nigeria's GDP is presently about $250b. At 10% tax to GDP, it means tax revenue stands at about $25b and other revenue sources at $225b. With a population of about 200m, GDP per capita stands at $1,250. At the IMF's recommended 15%, tax revenue has to go up to $39.7b taking the GDP up to about $265b. GDP per capita goes up to $1,325. Let's even hypothetically jerk the tax to GDP ratio to 50% making it the highest in the world. Tax revenue will go up to $225b taking the GDP up to $450b and GDP per Capita to $2,250. How much change would that be? How does that figure compare to the rest of the developed nations? Mind you, China has a tax to GDP ratio of less than 8% yet a GDP per capita of about $13,000. And the Chinese are some of the most highly subsidised people on mother earth. How can we reconcile that? The sooner we realise that our problems are not from the pages of economics textbooks but with issues such as bad leadership and corruption, the better for us as a people. 2 Likes |
Politics / Re: NNPC Declares State Of Emergency On Oil Production by emorse(m): 8:39pm On Jul 02 |
3 Likes |
Politics / Re: The Idea Of Free Market Economy Is Illusionary – Fashola by emorse(m): 6:51am On Jun 13 |
Remman:Actually, yes. Though not directly, they do it by subsidising certain sectors of the economy as required. China does it, France does it, in fact the whole world (Including the USA) does it. What the nation is experiencing today is a result of the government experimenting with handing off and allowing for the forces of demand and supply to dictate prices as advised by the IMF. It has obviously backfired and they're only trying to tack back control. Same thing happened under Buhari and the dollar rose from about N180 to over N600 to a dollar before the man stepped back in. 2 Likes |
Politics / Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦1,700/litre by emorse(m): 7:59am On Jun 11 |
professorPABX:Not at all. However, tightening the borders to prevent smuggling, subsidising energy to bring down the cost of production and discouraging importation of finished goods by increasing duties will stimulate industrial growth and save us scarce Forex in the long run. We wouldn't have to care about the price of petrol in neighbouring countries. But where is the political will to do the right things? That's what China is doing bro. That's why Chinese EVs are more competitive in the European market and the IMF / Americans are not happy about it. |
Politics / Re: Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦1,700/litre by emorse(m): 7:43am On Jun 11 |
Dannyset:I don't know if the person you quoted has replied you but this is what I think his initial post means: 1. Subsidy was never our problem. The IMF presented subsidy removal as a major solution to our economic woes and all three frontrunners in the last elections believed the idea. Baba won and hurriedly implemented the policy. Fast forward to a year later, not a single benefit has been recorded. Instead, subsidy has quietly creeped back in and this announcement from the FG is probably a ploy to further increase prices. 2. Corruption is the actual bane of our problems: I mean, if subsidy has been removed then it means the petrol that is being smuggled out should be at no extra cost to the FG regardless of how much it is sold over there. It would be a matter for the customs to tighten the borders so as to increase revenues. Something that should have been done even during the subsidy regime. Yes, smuggling could have been curtailed and inflation rate wouldn't have been so high. Let's not deceive ourselves bro, a developing nation like ours needs massive government subsidies in select sectors such as energy and it's likes. Producers must be able to produce at costs where selling at prices that are affordable to average Nigerians will still earn them decent profits. They should also be protected from foreign alternatives by increasing import duties on finished products. That's how to encourage local production and strengthen the local currency. |
Politics / Re: Forensic Audit Uncovers N3.3 Trillion Inflated Figure In Fuel Subsidy Claims by emorse(m): 10:35am On Jun 10 |
Yadid:Thanks bro. When we said it earlier, some people said it was because we wanted "cheap fuel". Tell me how a low income nation is supposed to develop her manufacturing capacity if the cost of production is sky high and cheaper alternatives can be imported. Yet they expect that by going after bureau de change, exchange rate will magically drop. 1 Like |
Politics / Re: Senate Approves 300% Pay Rise For CJN, Other Judicial Officers by emorse(m): 7:33am On Jun 06 |
frog12:Read through the report bro. |
Politics / Re: Senate Approves 300% Pay Rise For CJN, Other Judicial Officers by emorse(m): 11:08pm On Jun 05 |
helinues:It's an EXECUTIVE bill that was passed bro. So yes the bolded is right but I'll rather word it this way: We will continue to get things wrong as long as we continue to elect incompetent people into all positions of power 1 Like |
Politics / Re: Forgive Me For Choosing Fubara As My Successor – Wike Begs Rivers People Again by emorse(m): 11:01am On May 12 |
Akbil:Wike is almost like Akpabio. Very careless. This statement can lead to and indictment against INEC but he doesn't care cos he believes him and his cronies are in charge. But then again, aren't they? |
Politics / Re: Don’t Leave Host Community In Ruins - Tinubu Warns Lithium Investors by emorse(m): 3:38pm On May 11 |
SmartyPants:Are those laws applicable in the Niger Delta? |
Politics / Re: Don’t Leave Host Community In Ruins - Tinubu Warns Lithium Investors by emorse(m): 8:19am On May 11 |
SmartyPants:The fact the he even had to mention it does. Things like this should be a matter of policy and not just word of mouth. |
Politics / Re: Debt Service Gulps 70% Of Dollar Outflow In Q1 by emorse(m): 8:04am On May 11 |
helinues:But they're obtaining more loans (that end up being looted anyway) which will be serviced by future governments. And those future governments will blame the past and the present government while obtaining loans of their own which will still end up being looted. So you see we're stuck in a wheel bro. |
Business / Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by emorse(m): 10:34pm On May 05 |
bigiyaro:Absolutely!! Some of us have said this for long but unfortunately those people seem to lack the mental capacity to comprehend. End corruption and well be completely out of this mess in less than two years. |
Business / Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by emorse(m): 10:30pm On May 05 |
nairalanda1:There's no such thing as free market anywhere in the world bro. If you look closely enough, you'll find some form of government regulations. Free market is nothing but a recipe for disaster. |
Politics / Re: Tinubu Secures $600 Million Deal For Nigerian Ports by emorse(m): 7:33am On Apr 29 |
Menclothing1:Well I wonder how this helps. Last I checked, these small ships usually go back empty which is why we're having the Forex crisis. Aren't we supposed to find ways to fill up these "small" ships as they leave first? 8 Likes 3 Shares |
Politics / Re: Tinubu Secures $600 Million Deal For Nigerian Ports by emorse(m): 7:27am On Apr 29 |
Nice. But erm, what happened to the $14b from India? Haven't heard anything about that in a while. Or have I been under a rock? 2 Likes |
Politics / Re: New Electricity Tariff: Band ‘A’ Homes May Spend N170,000 On Electricity Monthly by emorse(m): 7:07pm On Apr 28 |
Politics / Re: New Electricity Tariff: Band ‘A’ Homes May Spend N170,000 On Electricity Monthly by emorse(m): 7:04pm On Apr 28 |
Coldie:Na wetin your fellow Nigerians dey support be that na. May tribalism and religion not finish us in this country. |
Politics / Re: New Electricity Tariff: Band ‘A’ Homes May Spend N170,000 On Electricity Monthly by emorse(m): 6:47pm On Apr 28 |
helinues:You seem not to understand my point bro. We can't be comparing ourselves with countries that are obviously poorly managed. It's like saying we must suffer for nothing because our neighbours are suffering for nothing. If those neighbouring countries were better managed, they'd be doing better. Let's be honest, what we're passing through is far from ideal by any standard. And even though it didn't start with this administration, we must make them understand that they were not elected to maintain the status quo of poor management. 2 Likes |
Politics / Re: New Electricity Tariff: Band ‘A’ Homes May Spend N170,000 On Electricity Monthly by emorse(m): 6:40pm On Apr 28 |
VeeVeeMyLuv:This is by the way but the average tariff in the US and the UK is less than N225/kWh. 1 Like |
Politics / Re: New Electricity Tariff: Band ‘A’ Homes May Spend N170,000 On Electricity Monthly by emorse(m): 6:36pm On Apr 28 |
helinues:You mean it's better to compare ourselves with African countries that are sadly poorly managed? What then are we striving for, if not to do better than some failed/failing states? |
Politics / Re: New Electricity Tariff: Band ‘A’ Homes May Spend N170,000 On Electricity Monthly by emorse(m): 5:19pm On Apr 28 |
helinues:Ironically, the "almighty" US and UK don't pay this much even with a far higher minimum wage and far better supply. It's well. 7 Likes |
Politics / Re: Peter Obi Legacies As Governor: Ben Muray Bruce Video Goes Viral by emorse(m): 7:24pm On Apr 26 |
Reno is on a mission. Nothing more. Whatever he's saying is deliberate and devoid of his conscience. You don't need to look to far into his past to understand this. 11 Likes 1 Share |
Politics / Re: Name 3 Politicians That Nigerians Trust by emorse(m): 7:18pm On Apr 26 |
Amumaigwe:Or Stella Oduah? |
Politics / Re: Name 3 Politicians That Nigerians Trust by emorse(m): 7:17pm On Apr 26 |
yoruboid:We can debate this if you won't turn it into a political argument. |
Politics / Re: Reno Omokri Slams Peter Obi For Complaining About The Coastal Highway by emorse(m): 7:13pm On Apr 26 |
Sleekfingers:Those who threatened Reno's child are obviously as foolish as Reno is. Simple. |
Politics / Re: Reno Omokri Slams Peter Obi For Complaining About The Coastal Highway by emorse(m): 7:10pm On Apr 26 |
OAFMods:No vex o. But have you fact-checked him yourself? |
Politics / Re: Had Peter Obi Won The Election by emorse(m): 4:25pm On Apr 25 |
helinues:Answer this question bro. And please be very honest with yourself. If Obi or Atiku had been president for a year and things are as they are presently, would you just keep quiet and watch unconcerned for the next three years? |
Politics / Re: FG To Resell Discos Under Banks, AMCON In Three Months by emorse(m): 5:56am On Apr 23 |
delpee:Many places in Nigeria as a whole do not even qualify for band E. |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (of 93 pages)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 61 |