₦airaland Forum

Grayoso:
You don't understand. I mean replacing University education subsidy with low interest or zero interest loans, as Nigeria is about to do, has succeeded elsewhere.

For example, after an eternity, the UK government replaced the grant system with student loans successfully. That is my point.

You obviously chose not to understand me...... let me follow your thought process since we are following the UK policies
Let's also change the NIgerian minimum wage to UK minimum wage
Let's ensure Nigeria has constant power like the UK
Lets ensure employment is at the same levels in the UK to enable students pay back their loans
Lets make sure manufacturing is at par with the UK
Let's make sure corruption level is at par with the UK
Let's make sure corrupt public officers get prosecuted as its done in the UK

Nigeria is Nigeria and UK is UK, Nigerian solution for Nigerian problems for christ's sake.
If you dont get it anymore, i cant help you. Just watch as the corruption in the universities loot up any funds paid by the students

forgiveness:
I said the salary should be reviewed to pay per hour.

The law must compel employers to pay employees according to the minimum wage per hour.

This is obtainable in most countries. Here employers are profiting big time but pay little. This must change.

Government to compel employers when fuel and diesel price have ran most small and medium organizations out of business? Do you guys really think through these things you say? Do you know the challenges of running business in Nigeria?

What is obtainable in most countries are not obtainable here. Your manufacturing sector is dead...... where do you want to manufacture these employments from?

forgiveness:
Will the loan be limited?

That's what is obtainable in the so called U.K and American universities Nigerians are running to.

Once the standard of education is sustained in Nigeria, we can attract other African students to bring their money to study in Nigeria.

Our Universities must be well funded by generating funds through tution fees to attract foreign students.

Of course, I expect government to also create scholarship schemes for genius students.

This system adopted by FG is ongoing in U.K, America, Brazil, Canada etc but you think Nigerians shouldn't adopt it because they will be poor forever.

The next step is to review the minimum wages to per hour. That will enable students to pay their dept

Please which jobs will pay Nigerians per hour?, government provided jobs or private sector?..... today's Nigeria has unemployment rate at 35% but you make policies and assumptions that does not reflect Nigeria's reality

Every sector in Nigeria has immense corruption going on but you expect the universities to get more money and utilize it properly without looting? Which planet una come from sef? ....... Government universities with more money at their disposal are not same with private universities managed by its owner, watch out for the level of looting in Nigerian universities going forward.

Grayoso:
Precisely the same has happened in the most advanced nations of the World where Government no longer subsidize University education and have instead deployed low interest or zero interest loans for the cost of university education.

Those who cannot or do not wish to go to University can be supported with vocational training that gives them expert and work-focused skills towards nations creating a more efficient and productive workforce.

It is not all about University educatiion alone. More about creating a good model of education and accessible training to keep Nigeria in steady supply of efficient and productive workers and solutions providers.

The model has proven to be efficient because
It a productive way forward as nations grapple with dwindling resources that forces them to work with an awareness of 'economies of scale' necessity. This is all in line with fundamental reforms Nigerians must support for a much brighter future.

Do you really understand Nigeria?, can you mention one policy adopted in developed nations that has worked effectively here in Nigeria. Any policy that has not considered the corrupt and unitary system of government operated in Nigeria is bound to fail.

Nigerians should learn to celebrate what they understand, premature celebrations to some poorly understood policies are nauseating.

With minimum wage still at 30k, people are celebrating elitist policies that will further impoverish them. Una well done ooooo

Nigerians should get ready to forfeit tertiary education.

Tuition fees will get to a minimum of 350K naira per session.

Imagine a family with a combined income of 600K, with two children in the university..... officially they cannot access the supposed loan and they have to pay for two children at the new rates.

Even the so called loans will not be readily accessible, the bureaucratic bottleneck associated with all things in Nigeria will ensure less than 30% of the applications gets approved and will require connections in high places.

With the misguided celebrations i see with the recent policies, I realize say suffer no dey tire Nigerians

Iamgrey5:
Where exactly will this demand for dollars come from to crash the Dollars?

You mean Nigerians will simply become richer than ever to Begin to buy dollars more than before?


Bruv, just like the Artificial demand for fuel because of subsidy, there's also an artificial demand for Dollars because it's subsidize by CBN at the expenses of developmental funds.

When the dollars is floated like it's before the advent of Buhari, we will realize why the Dollars went from 140 under Jonathan to 800 Naira under Buhari in 8years.

There's no way a floated currency drop that much when Nigeria is not being sanctioned by western powers or going through a war.

Until Nigeria significantly reduces its fx demands through functional refineries and improved manufacturing/ exports…….. this floating policy is bound to fail.

Investors will be happy, the system will be explored and messed. Nigeria will happen to it, it ain’t sustainable

Iamgrey5:
Where exactly will this demand for dollars come from to crash the Dollars?

You mean Nigerians will simply become richer than ever to Begin to buy dollars more than before?


Bruv, just like the Artificial demand for fuel because of subsidy, there's also an artificial demand for Dollars because it's subsidize by CBN at the expenses of developmental funds.

When the dollars is floated like it's before the advent of Buhari, we will realize why the Dollars went from 140 under Jonathan to 800 Naira under Buhari in 8years.

There's no way a floated currency drop that much when Nigeria is not being sanctioned by western powers or going through a war.

It’s not that simple. Foreign exchange is not something you fix in your room and expect the world to abide by. Nigeria must have a product or service to offer the globe in exchange for the FX. None of that has changed and our export volumes are stagnant and even retrogressing.

What is Nigeria’s balance of trade to the point of floating fx?, I am not saying that the gap between CBN rate and parallel market market should be left as is … definitely, efforts should be made to bridge the gap through devaluation, more USD supply and relaxing some of the fx transaction restrictions

For Nigeria to conveniently float the rates, we must get our balance of trades rights. Until then, the CBN must have some control over the rates. The parallel market is sustained by real fx demands which you can’t wish away.

I will quote you in 2 months when USD exchanges for 1000 naira

Iamgrey5:
Floating the exchange rate will bring competition and reduce inefficiency in the system.

Not floating the rate actually encourages corruption and gives speculators the opportunity to determine the exchange rate, while floating it means everyone can access the Dollars in a open market system operated by CBN.


Prices will be determined by forces of demand and supply.

Forces of demand and supply will drive USD to 1500. We don’t earn enough fx for an import driven nation. Manufacturing is non-existent and we have very low exports. Our balance of trade is deficit. Textbook policies will not suffice here.

If I might ask, at what rate with CBN sell FX? Who will fix that rate or how will that rate be determined? If CBN will revert to market rate, then they will only be playing catch up with banks and speculators.

As long as Nigerians need Form A, M etc to buy USD from the banks, then it’s business as usual

Tinubu’s policies are utterly reckless. Mumu Nigerians hail textbook policies that don’t apply directly.

With limited supply of FX, floating the exchange rate means banks and speculators will determine the rates while CBN plays catch up. I project USD will hit 1000 naira in one month.

Fuel subsidy removal only frees up money for looting by the political vultures. Tinubu cannot stop the criminals that supported him to power. If in doubt, point me to the savings from diesel and kerosene subsidy stoppage.

As for stopping the funding for tertiary institutions and instituting student loans, it only means the poor cannot access tertiary education again. Forget the loan, the bureaucratic bottlenecks will ensure the average youth cannot access it.

Nigerians deserve all they get cos they can’t think.

Tinubu’s policies are utterly reckless. Mumu Nigerians hail textbook policies that don’t apply directly.

With limited supply of FX, floating the exchange rate means banks and speculators will determine the rates while CBN plays catch up.

Fuel subsidy removal only frees up money for looting by the political vultures. Tinubu cannot stop the criminals that supported him to power.

As for stopping the funding for tertiary institutions and instituting student loans, it only means the poor cannot access tertiary education again. Forget the loan, the bureaucratic bottlenecks will ensure the average youth cannot access it.

Nigerians deserve all they get cos they can’t think.

Enice:
Oga, who fixes FX worldwide? Who have been fixing it all this while? The CBN will sell at market price. Price is determined by demand and supply.

Oga, you have insufficient supply of FX or FX plan to float the naira. The market is now widely open to speculators while your CBN plays catch up.

This brings to an end any form of subsidized tertiary education in Nigeria

Starting next session, the tuition fees in any FG university will be similar to the rates in private universities. To all those hailing this move, just hold on a bit until the gnashing of teeth starts. Please note that less than 30% of students who request for these loans will get approved.... thanks to Nigeria's endemic bureaucracies.

And you can guess what happens to the funds that would have funded the tertiary education..... to be looted by the current FG and all the vultures waiting in the wings

Nigerians are the easiest people to deceive.... we never reason beyond our noses and tribes

Enice:
Oga, CBN will still be selling FX. The only difference is that it will be at market value. No more round tripping. You can decide to buy FX either from CBN or Banks or Aboki. The days for speculation are gone

At what rate will the CBN sell FX and who fixes the rate? CBN or free market? How is it different from the current debacle?

All tinubu has done is to set up Nigerian masses for absolute and perpetual suffering.

Why the urge to quickly float the naira without plans? Do we have sufficient USD to flood the market and meet the FX demands in the near term? If people cannot walk into the bank and buy USD without filling forms A, M etc.... its only little time before USD exchanges for 1000 naira

On fuel subsidy, Why should the masses bear the responsibility of the inefficiency of the FG?,

why can’t the FG protect the boarders to ensure subsidized PMS does not get to neighboring countries?

Why has the FG not prosecuted and jailed anyone involved in the subsidy fraud to stop others from doing so?,

The claim that subsisdy is a burden is fallacy cos the subsidizing the actual consumption of less than 10million liters per day is not a burden compared to the FG’s current fraudulent claim of 66million liters per day. Why not a gradual removal of the subsidy?

Where is the savings from Diesel and kerosene subsidy and what has it been used for?

The student loan bill is a plot by the Tinubu led FG t to stop funding tertiary education in Nigeria leading to the end all education subsidy. Who do you think are the final beneficiaries of these moves, same criminals who will end up looting the funds meant to fund the tertiary education.

What exactly is the role of the Nigerian FG if they relinquish every responsibility to the masses? What sacrifice has the political class made in all these mess? Have their allowances being reduced? Any efforts at stopping the lootings?

All Tinubu has done is to transfer responsibilities to the already suffering Nigerian Masses to ensure there is enough for him and his goons that supported him into office

AntiZikist:
Suffering ?

How?

So Emefile made life good for you in Alaigbo .

Certified lunatics supporting Obi, Kanu and Emefile

All tinubu has done is to set up Nigerian masses for absolute and perpetual suffering.

On fuel subsidy, Why should the masses bear the responsibility of the inefficiency of the FG?,

why can’t the FG protect the boarders to ensure subsidized PMS does not get to neighboring countries?

Why has the FG not prosecuted and jailed anyone involved in the subsidy fraud to stop others from doing so?,

The claim that subsisdy is a burden is fallacy cos the subsidizing the actual consumption of less than 10million liters per day is not a burden compared to the FG’s current fraudulent claim of 66million liters per day. Why not a gradual removal of the subsidy?
Where is the savings from Diesel and kerosene subsidy and what has it been used for?

The student loan bill is a plot by the Tinubu led FG t to stop funding tertiary education in Nigeria leading to the end all education subsidy. Who do you think are the final beneficiaries of these moves, same criminals who will end up looting the funds meant to fund the tertiary education.

What exactly is the role of the Nigerian FG if they relinquish every responsibility to the masses? What sacrifice has the political class made in all these mess? Have their allowances being reduced? Any efforts at stopping the lootings?

All Tinubu has done is to transfer responsibilities to the already suffering Nigerian Masses to ensure there is enough for him and his goons that supported him into office

Stop Joking..... All tinubu has done is to set up Nigerian masses for absolute and perpetual suffering. He is actually doing tje bidding of the so-called West.

On fuel subsidy, Why should the masses bear the responsibility of the inefficiency of the FG?,

why can’t the FG protect the boarders to ensure subsidized PMS does not get to neighboring countries?

Why has the FG not prosecuted and jailed anyone involved in the subsidy fraud to stop others from doing so?,

The claim that subsisdy is a burden is fallacy cos the subsidizing the actual consumption of less than 10million liters per day is not a burden compared to the FG’s current fraudulent claim of 66million liters per day. Why not a gradual removal of the subsidy?
Where is the savings from Diesel and kerosene subsidy and what has it been used for?

The student loan bill is a plot by the Tinubu led FG t to stop funding tertiary education in Nigeria leading to the end all education subsidy. Who do you think are the final beneficiaries of these moves, same criminals who will end up looting the funds meant to fund the tertiary education.

What exactly is the role of the Nigerian FG if they relinquish every responsibility to the masses? What sacrifice has the political class made in all these mess? Have their allowances being reduced? Any efforts at stopping the lootings?

All Tinubu has done is to transfer responsibilities to the already suffering Nigerian Masses to ensure there is enough for him and his goons that supported him into office

Nigerians need to wake up, they are in for a huge load of suffering with all these Tinubu actions.

banku:
Check your papers well well. If you bought land in Western Nigeria, it reverts back after 100 years.

So those who bought in 19 century were no longer owners in the 20th century. Those who bought in the 20th century, I feel sorry for you beating your chests.

Others are busy making the best of their lives and doing exploits ..... this one is seated in an uncompleted building eyeing the properties of others. Mindset of never-do-wells

No matter what happens at the tribunal, it must be proven that Nigerians are not dummies.

While certain individuals believe they are above the law and can choose leaders for 200M Nigerians, however it must be proven that Nigerians know what went down so that down with overwhelming evidence. The judiciary has an opportunity to redeem itself or position itself for the masses wrath when the suffering goes full circle.

The student loan bill is a plot by the Tinubu led FG t to stop funding tertiary education in Nigeria leading to the end all education subsidy.

Who do you think are the final beneficiaries of these moves, same criminals who will end up looting the funds meant to fund the tertiary education.

What exactly is the role of the Nigerian FG if they relinquish every responsibility to the masses? What sacrifice has the political class made in all these mess? Have their allowances being reduced? Any efforts at stopping the lootings?

Do you know Students will now access education with a loan at par with the private universities (500K+ per session)?

How will the children of the poor attend tertiary institution?....hush before you mention student loan. The student loan bill is only good on paper, it is not sustainable in the long term in a country with an unemployment rate of 35%. Who will steward the loans?... another looting avenue opened for the Abuja boys.

Over time, it will become obvious it can’t work, corruption will make a mess of it…… the bureaucracy that will be associated with assessing the loan will be another mess.

And by the time the dust settles and has become a confirmed failure, education subsidy will be gone for good and only the big boys will end up with tertiary education

Why should the masses bear the responsibility of the inefficiency of the FG?,

why can’t the FG protect the boarders to ensure subsidized PMS does not get to neighboring countries?

Why has the FG not prosecuted and jailed anyone involved in the subsidy fraud to stop others from doing so?,

The claim that subsisdy is a burden is fallacy cos the subsidizing the actual consumption of less than 10million liters per day is not a burden compared to the FG’s current fraudulent claim of 66million liters per day. Why not a gradual removal of the subsidy?

Where is the savings from Diesel and kerosene subsidy and what has it been used for?

Don’t be distracted…. You (the masses) are not the reason for this political chaos….

Vote Obi

INEC and Nigeria is not ready for any scenario that excludes PO from the ballot.

The energy behind his growth in these past few months will be too much to quench. PO is the only hope for Nigeria’s redemption…. and Buhari/ Tinubu/ Atiku knows it

cassyrooy:
See aggression....

Obi-Datti got no chill o.

This media office done gather plenty vawulence keep, na to dey return am small small naim remain.

I Dey tell you. Seem they have documented possible responses and punchlines. I suspect there are many vawulence items from where this came from.

The next 6 months will be interesting but Tinubu is really bad market. So many baggages to attack

Wow ….. see, the difference between Obi/ Datti and the other candidates is like day and night. Anyone who genuinely loves Nigeria will not spend a minute making a choice on who to vote.

Another sad day for Nigerians …. AJ and Usman. The few things that make Nigerians happy all crumbled in a day.

Take these pains to the polls and vote wisely!!

sukkot:
now listen, as a man who dabbles in the supernatural realm i really am a straight shooter i dont have time for emotions and sentiments . now Lagos state is a very tiny state. the place is not created for more than 5 million people and yet 20 million people are jammed packed in their like sardines. no matter how good the governance is that place can never look good because it is exceeding its maximum capacity . a place that has exceeded its maximum capacity over 4 times over is bound to be filthy nasty and uncivilized . and so the state of lagos state is not due to lack of inFrastructure, its because the infrastructure is crumbling under the weight of the over population. you have destitutes anD vagrants from all over the nation migrating to lagos state and sleeping under bridges and defecating everywhere. and so one day i was taking a trip all over lagos and i closed my eyes and then opened it and took a looK at the whole place and i purposely tried to blank out all the people but just looked at the structures, wow it looked beautiful. its Kind of like a cuban brazillian miami vibe to it. very beautiful but as soon as i started looking at the people again everything turned ugly

whats my point ? lagos has being crafted to be a world class city by tinubu and his boys that he mentored but you cant perceive it because every vagrant from the 36 states is in lagos living under the bridges and defecating everywhere and turning to criminals because they cant survive. and so what we need is a tinubu as present to turn every state into lagos state so that everybody can return home and then we would have a great country where every state is functional and no one has to relocate to be a vagrant and a nuisance in another state and to another culture. and that is the only solution to the nigerian problem. a man savvy enough to recreate the format he created in lagos to other states. his age is not a factor because his lieutenants would be young guys, but we need his sharp mind, he doesnt even have to do any work, just use your sharp mind to delegate the duties to the young generals to recreate civilization in every state

nor go vote for atiku oooo, thats another 8 years of suffering. the man does not believe in nigeria. he lives in dubai. he is just looking to enrich his friends . nor go vote for obi oooo, he is young and vibrant but he is clueless. thats another 8 years of naija wallowing in the dark if obi becomes president. me i done talk my own
THE STRAIGHT-SHOOTER SUKKOT

If you care to listen, I can authoritatively tell you that Tinubu is the one holding Lagos back. With the potentials and revenue holed up in that state, Tinubu’s petty politics and selfish aggrandizement is the only thing limiting Lagos from taking its place in the committee of nations.

Can you mention one Progressive Industry that Tinubu has consciously supported and grown despite being in charge of Lagos for 23years. Do not mention the efforts of the Lagos inhabitants.

Eg…. IT, technology, agriculture, manufacturing etc

Tinubu is the problem of Lagos.

Spicycat:
Lol which of the Lord? Tell me so that we can direct him to the people that worship that Lord for him to be their president

Please focus on City Boy aka Ancestor. This is beyond you.

OriOko88:
Peter Obi is the definition of the word.."sneaky". No difference between him and Tinubu,using religion to draw the sympathy of the masses. Hes been attending different churches tryna manipulate d church,whick speaks about his personality, a "manipulator".
When does a catholic starts attending redeemed and Dunamis. Did he ever attend those churches when he was Anambra governor?? Only his deluded,and phycotic fans could get trilled. Mio fo rara

Hahahahaha …. Am sure you lot never anticipated this level of acceptance across board. APC and PDP have been forced to plan and react against the unanticipated and you lot have failed woefully.

The poor reaction of you lot against PO have endeared more people to him.

No force on earth can stop an idea whose time has come…… that is the only way to explain the PO phenomenon over the past few months.

Every voice against him has been crushed.