₦airaland Forum

Go and protest ke,for Nigeria?èven when fuel goes for ₦5000 and not available, Nigerians will still go out there and queue.I have never seen a people and system like this country.worst is when I see cars on queues at filling station stretching up to almost a kilometer and still form double lane yet sleep for filling station?this is what FELA called ORIGINAL SUFFERHEAD.truly the country and citizens are in reverse mode.

🙏🙏🙏

quote author=Softmirror post=131937159] The commenter below me. May you find peace while still alive.[/quote]

Nonsense all this one does is to just criticize,u were in the Senate which business or industry did u set up, whether Dangote is not a father Christmas or not,do u know how many families is under his pay roll?a man single handedly built a refinery that even your government and nobody could achieve in the country to save Nigerians from subsidy scam ,fuel queues and economic dependent on dollars,call him a monopoly or whatever u like.i still give him kudos for this landmark achievement

Your wicked looting governments have use over $20 billion dollars to do turn around maintenance on the 4 refineries of 450 thousand capacity over the last 20 yrs till date no results ,Dangote spent $20 billion dollars to build 1 refinery capacity of 650 barrels per day in less than 10yrs,
If we have more patriotic Nigerians investing like Dangote, nigeria will not be in the mess it is today

That bridge should not be called THIRD MAINLAND BRIDGE,they should just rename it the SUICIDE BRIDGE

We ain't seen anything yet,let the people continue with their tribal, ethnic and religious stupidity to vote and elect clueless politicians and legislators to power, until when we erase this tribal hypocrisy away from our heads and vote the best hands and people irrespective of where they are from.
Nigeria will be on the right trajectory to good governance and developments.
Without this,hunger, inflation, poverty,anger and anarchy will completely destroy this country

Rituals killing and kidnapping

You cannot be a honest upright person with integrity and work under tinubu,a man who lied about this state of origin,age, family background, source of wealth, educational background?
Fight,snatch and grab it by force in elections,
Haba,it's just simple common sense now

It's because an average Nigerian is a hypocrite we keep fooling and deceiving ourselves that we want a better Nigeria under a corrupt ridden system and people in government
You cannot eat your cake and have it

Great analysis, thanks for schooling the jobless slowpoke

HappyRabbi:
By Isaac Adebayo

Popular Blogger and Tinubu Apologist Reno Omokri recently posted on Nigeria's current unprecedented economic woes under the Tinubu regime. In the post Reno Omokri advanced supposedly four reasons through which Government generates revenue. Omokri s intention is to justify the disastrous policies and decisions of government especially about current bludgeoning Oil Prices and it's catastrophic impact on Nigerian citizens



In the post Omokri mentioned that governments primarily generate revenue through some four means. While there are some elements of truth in them, it is important to highlight that many countries successfully leverage state-owned enterprises (SOEs) and investments to bolster their revenues. For instance, in 2022, the average tax-to-GDP ratio for OECD countries was approximately 33.8%, while Nigeria's tax-to-GDP ratio remains below 10%. This disparity underscores the need for Nigeria to reform its revenue generation strategies beyond just taxation and upholding tenets of accountability and transparency in Governance.

2. Taxation and Entitlement:

Omokri posited that Nigerians feel entitled and do not pay taxes. This is a very irrational, illogical and inconsiderate conclusion from him. Undoubtedly, Nigeria's tax-to-GDP ratio is low, but this is not solely due to a lack of willingness to pay Tax. Omokri failed to realize or deliberately ignored the fact that many citizens operate in an informal economy, where tax compliance is very challenging. For example, in 2020, 66% of low-income countries had a tax-to-GDP ratio below 15%, which is considered a tipping point for sustainable growth. However, Countries like Rwanda have successfully increased their tax revenues from 11% in 2000 to 16% in 2020 through effective tax reforms and improved compliance measures. Nigeria has a very shambolic and dysfunctional tax administration system, with persistent problems of tax disparity, multiple taxation, tax evasion and cumbersomeness in the tax governance system, citizens cannot therefore be blamed for non tax compliance. Moreover, Citizens do not feel the impact of the tax they currently pay as it hasn't directly or indirectly positively impacted their standards of living as a result of endemic corruption in Governance. Reno Omokri should rather advise FIRS to learn froml such examples as Rwanda to enhance its tax collection mechanisms.

3. Oil Revenue Comparison:
Omokris comparison of Nigeria's oil wealth with that of Saudi Arabia and Qatar displays sheer departure from truth and Harvard Certified Economic Ignorance. While it is true that Nigeria produces approximately 1.5 million barrels per day, translating to about $36 billion in annual revenue, this figure is significantly impacted by several factors, including oil theft and mismanagement. In 2022, Nigeria lost an estimated $10.9 billion in potential oil revenues due to oil theft, which accounted for about 108,000 barrels per day or roughly 7% of total production.

In contrast, Saudi Arabia, with a population of 35 million, generates around $350 billion annually from oil, equating to about $10,000 per citizen. Qatar, with a population of 2.5 million, generates $68 billion, or about $27,200 per person. This stark difference is not merely a reflection of resource availability but also of governance and investment strategies. For instance, Norway has effectively managed its oil wealth through the Government Pension Fund Global, which invests oil revenues to benefit future generations. As of 2023, Norway's sovereign wealth fund is valued at over $1.4 trillion**, demonstrating the potential of prudent management of oil revenues.

Moreover, Nigeria's oil sector contributes only about 5.48% to the country's GDP as of the third quarter of 2023, down from 9% before the COVID-19 pandemic . Reno Omokri should have known that this decline highlights the need for Nigeria to diversify its economy and reduce its dependence on oil revenues, which currently account for approximately 90% of export earnings and not making nonsensical bogus comparisons

4. Inflation and Economic Policy:
Omokri suggested that allowing market forces to dictate fuel prices is the only viable option. This suggestion shows a gross deficit of Simple strategic thinking as this approach can exacerbate and increase social inequalities. For instance, after the infamous, I'll timed and I'll advised unilateral declaration by Tinubu on his inauguration day about total Subsidy removal on the 29th day of May 2023, inflation in Nigeria skyrocketed to a frightening 22.8%, significantly impacting the cost of living and driving more citizens into deeper realms of poverty. In contrast, countries like Brazil have implemented gradual and well coordinated subsidy reforms while simultaneously investing in social safety nets, which helped cushion the impact on the most vulnerable populations.

5. Borrowing and Printing Money:
While Omokri correctly pointed out that excessive borrowing can lead to inflation, it is essential to contextualize Nigeria's current debt levels. As of 2023, Nigeria's debt-to-GDP ratio is approximately 35%, which is manageable compared to countries like Japan, which has a debt-to-GDP ratio exceeding 250%. The key issue lies in how borrowed funds are utilized. It is common knowledge that 90% of borrowed funds in the last ten years in Nigeria end up in private pockets and for white elephant projects that have become conduit pipes to milk the economy dry. Whereas, Counties like Ethiopia have successfully used borrowed funds to invest in infrastructure, leading to an average GDP growth rate of 10% over the past decade. Omokri should advise Tinubu to prioritize investments that stimulate economic growth rather than relying solely on recurrent expenditures and purchase of Private Jets, escalades and Yatchs.

Overall, What can bring Nigeria out of this current Economic predicament and uncertainty is accountability, transparency, and effective governance. The current economic policies are not only inadequate but also detrimental to the nation's long-term stability. Instead of merely allowing market forces to dictate prices, the government must adopt a comprehensive economic strategy that includes reforming the tax system, investing in infrastructure, and creating a more equitable distribution of resources. By learning from successful models in other countries, Omokri and other cheerleaders must know that this is the only way we can foster sustainable growth and improve the quality of life for all its citizens.

The killer of this young Lady is a complete beast and doesn't deserve to live,at 23yrs? He had killed a couple of people?
If this guy isn't killed to make him an example to others
Then Nigeria is a barbarian state.
We have had this killings severally,where is BAMISE,S KILLER, where is the killer of the former deputy governor of Osun state daughter?I can go on and on,have we hard any of these guys killed for their sins?they are all still living and government is feeding them in whichever jails or detentions they are after how many years?

This jobless slowpoke, talking about Nigerians don't pay taxes,why not leave the country u are and relocate to Nigeria and pay your own share of tax,the people in government looting and stealing our money how many of them pay the correct taxes,the taxes that the citizens pay what has the criminals in power done with them apart from stealing and using most of the resources for their own comforts and luxurious life styles,u see them use our monies to buy jets, bullet proof cars, yachts ,houses abroad,while the masses remain in abject poverty in an underdeveloped society.
This nuisance doesn't even have the moral right to even teach this sermon because he is not even a good example

Pls let people indicate the state and location to have more robust details to the topic,it's gives a more broader perspective

In Lagos,mòst independent marketers sell between N1100 and N1200 depending on location

You must be the dumbest and the most daft person if u want Edo people to vote for this empty brain,whaaaat? is this one a leader,
U are a wicked person and you don't wish Edo people well if this is the man u want to govern Edo state,YOU for kuku go carry portable the music artist to contest under APC.WHAT nonsense

They don't have the lever,it's only none armed civilians they can harass and call for questioning.
They can't even attempt it,they never chop belle full reach that level

So what will happen from now 6th to 15th September when NNPCL will start lifting from Dangote refinery? Where will they get supply from to feed the country?will they still be importing in-between this period to continue their subsidy scam,or they have enough reserves to fill in the Gap to ameliorate this fuel scarcity the country is experiencing? Nobody is asking this question.
I wonder why TRANSPARENCY is an enemy to government in this country

The irony of it all is he is even stealing from another poor person like him,that bread might not belong to the lady,she might have either collected the bread on credit or she is working for another person and she earns commission on sales

The rich are the ones putting people in this situation,but instead of these poor to think and reflect on how they have been treated in the past and their conditions worsen,come another election they will still line up and go vote these same criminals stealing and looting their resources and still keep them in perpetual poverty

Absolutely,the deserved to be given same treatment

uote author=Franzinni post=131876828]Actions and consequences... If I was his interrogating officer, I will make sure he begs to die.

And there will be no signs of physical trauma on him. I will simply show him demons comes in different shades and sizes.

Violence is very sweet when the victim deserves everything that happens to them ... And this BOY! Deserves to taste it.[/quote]

The more reason you kill this kidnappers, ritualists and armed robbers immediately after making confessions to set examples or else most of this nonsense and inhuman act will continue in this country,
Nigeria is a dysfunctional society u don't have to use decent means to tackle indecent acts committed by criminals, taking them to court and wasting government time and human efforts will yield nothing,these guys will either stay in jail and be eating government meals or put on death row and no single governor will sign their death warrants because they too are not clean and the families of these victims will be in agony and will not get justice ,these guys are animals and they deserve to be treated the same way they treat their victims

It's the abnormality in the system that brought Tinubu to power, Nigeria is a country of abnormal people.a dysfunctional society, majority of the citizens are not normal that is why Tinubu continues to use the weapon of poverty and hunger to whip and people and worsen the state of their abnormality.
Come 2027,EMILOKAN will, fight,grab and take power by force,same way he campaigned in 2024

Restructuring

Naija na suffering and smiling country,this is an absurd society,it's an abnormal country,even if u sell fuel at N2000 per liter they will be resilient and still go queue to buy at that price,
Decency, normality and sanity is an enemy to the system

delkuf:
I don't know what else to say. Nigeria is beyond redemption. So we would just keep quiet and this evil govt drow this at us. We would shout online as usual and do nothing. God should just help us. At this rate by next, we would be buying petrol at 2000

That tells Nigerian government is a scam ,they want to reap where they didn't sow.and they t
indirectly want the subsidy scam to continue.
They have 4 refinery,they destroyed them, spent billions to reactivate them ,yet nothing coming out of them
A man came built a refinery bigger that
Of what the government had.
Is that not a big shame to the government?now they still want to have control over what they didn't invest in.

How much do u sell complete set original follow come rims for Mercedes Benz,rim 17 inch

🤔🤔🤔

Let him go and asked those thieves in government to return all stolen loots of the federal government and states to cover it up,tax collection rate too low my foot,what has the government done with most of the revenues they collected from the people and governments?over half of them had gone into their pockets

Congratulations to u ,Abi na ASO ANNEX u dey live,na people like u go live for inside bush tell people u dey like for ikoyi

I dey laugh in Russian language,and we no dey see the effect in our homes?who are these people fooling?

So if Tinubu is a devil,u no get sense to know how to dine with the devil Abi,
The problem is many of us no get critical thinking,u reason through you anus,u no know that if u are fighting for labour wage u have to fight completely for a better living wage in case inflation comes up later


O ye fool, when will you realize that what ever size of animal the devil gives you for xmas he will collect a whole human being in return

Tinubu is a classical example of Devil , nothing that man gives he will collect ×10 in return.
Nigerians should just look after themselves,cos Tinubu will go any length to squeeze money out of Nigerians to enrich himself and friends
God save us or we save ourselves 2027[/quote]

Wetin come be the course of your own problem?

Mumu NLC, instead of u to fight for a proper living wage,u go settle for 70k as minimum wage,I was expecting nothing less than 100k at least as living wage,now TINUBU Don show Una say he wise pass NLC.
abeg make una go lick una wounds

All these people who failed under Buhari,all they are good at is just talk talk no results,u expect the marketers and the oil cartels to be happy that Dangote refinery is coming to the rescue of Nigerians?,that is why there is the scarcity and increase in pump prices,the want to quickly sell off what they have and make additional profit before Dangote finally role out and crash the pump price