₦airaland Forum

nairalanda1:
So in order to beat the hardship, we got to take another loan for more subsides?

Right.

Like that helped us over the last 30 years or more.

Your propaganda is stale.
Nigerians are barely struggling to survive

A congregation of thieves and heartless criminals

Are they really serious?

Really?

Okay

INEC should be an unbiased umpire

They steal your mandate
They sponsor tribal and religious political narratives
They bribe INEC
They bribe the Judiciary
They call your bluff and capture the state
They take away your fuel subsidy without fighting corruption
They take away your funding for tertiary education
They add VAT to your fuel and diesel
They introduce VAT on your carbonated drinks
The increase your electricity tariff by 40%
They increase their own salaries by 114%
They budget 24B for their HoA Accomodation
They budget SUVs for themselves, generals and service chiefs
They take looting to another level and they tell you to sacrifice
They pay propagandists to distract you from the evil they are inflicting on you in social and news media

You now trek like your life depends on it yet you can’t save anything, life is excruciating
You go to market and you can’t buy anything meaningful, you feel something is wrong with you
Your kids go to bed hungry and you blame yourself
You will withdraw your kids cos you can’t meet the new fees
Your thoughts are overwhelmed with the ways to survive, feeding has become luxury
You are contemplating quiting work because the salary cannot cover transport alone
You are frustrated

This the Truth: your political class are ready to punish you to death as long as they afford their extravagant lifestyle.

Unless you fight back and hold these criminals accountable, they will take away all you’ve got and dance on the grave of you and your loved ones.

You must take your life and your nation back

They steal your mandate
They sponsor tribal and religious political narratives
They bribe INEC
They bribe the Judiciary
They call your bluff and capture the state
They take away your fuel subsidy without fighting corruption
They take away your funding for tertiary education
They add VAT to your fuel and diesel
They introduce VAT on your carbonated drinks
The increase your electricity tariff by 40%
They increase their own salaries by 114%
They budget 24B for their HoA Accomodation
They budget SUVs for themselves, generals and service chiefs
They take looting to another level and they tell you to sacrifice
They pay propagandists to distract you from the evil they are inflicting on you in social and news media

You now trek like your life depends on it yet you can’t save anything, life is excruciating
You go to market and you can’t buy anything meaningful, you feel something is wrong with you
Your kids go to bed hungry and you blame yourself
You will withdraw your kids cos you can’t meet the new fees
Your thoughts are overwhelmed with the ways to survive, feeding has become luxury
You are contemplating quiting work because the salary cannot cover transport alone
You are frustrated

This the Truth: your political class are ready to punish you to death as long as they afford their extravagant lifestyle.

Unless you fight back and hold these criminals accountable, they will take away all you’ve got and dance on the grave of you and your loved ones.

You must take your life and your nation back

They steal your mandate
They sponsor tribal and religious political narratives
They bribe INEC
They bribe the Judiciary
They call your bluff and capture the state
They take away your fuel subsidy without fighting corruption
They take away your funding for tertiary education
They add VAT to your fuel and diesel
They introduce VAT on your carbonated drinks
The increase your electricity tariff by 40%
They increase their own salaries by 114%
They budget 24B for their HoA Accomodation
They budget SUVs for themselves, generals and service chiefs
They take looting to another level and they tell you to sacrifice
They pay propagandists to distract you from the evil they are inflicting in you in social and news media

You now trek like your life depends on it yet you can’t save anything, life is excruciating
You go to market and you can’t buy anything meaningful, you feel something is wrong with you
Your kids go to bed hungry and you blame yourself
You will withdraw your kids cos you can’t meet the new fees
Your thoughts are overwhelmed with the ways to survive, feeding has become luxury
You are contemplating quiting work because the salary cannot cover transport alone
You are frustrated

This the Truth: your political class are ready to punish you to death as long as they afford their extravagant lifestyle.

Unless you fight back and hold these criminals accountable, they will take away all you’ve got and dance on the grave of you and your loved ones.

You must take your life and your nation back

Terrible

The paid propaganda on this forum can’t help because the current pains are real and almost unbearable for many.

You find them above and they will litter the thread shortly but the Nigerian people are going through hell.

This FG cannot avoid an uprising due to this hardship and no amount of propaganda can stop that.

helinues:
Toh

Make we see how we no go dey produce our basic needs by ourselves without spending almost half of getting the goods abroad on shipment

You guys are the real enemies of Nigeria. You sit in your face me I face you room to talk trash….. alright go ahead and start producing the basic needs from thin air.

A non-manufacturing nation will start production without any enablers

This govt won’t avoid an uprising.

Lol …. The suffering is beyond what the masses can manage.

An import driven nation can’t survive these.

They steal your mandate
They sponsor tribal and religious political narratives
They bribe INEC
They bribe the Judiciary
They call your bluff and capture the state
They take away your fuel subsidy without fighting corruption
They take away your funding for tertiary education
They add VAT to your fuel and diesel
They introduce VAT on your carbonated drinks
The increase your electricity tariff by 40%
They increase their own salaries by 114%
They budget 24B for their HoA Accomodation
They budget SUVs for themselves, generals and service chiefs
They take looting to another level and they tell you to sacrifice
They pay propagandists to distract you from the evil they are inflicting on you in social and news media

You now trek like your life depends on it yet you can’t save anything, life is excruciating
You go to market and you can’t buy anything meaningful, you feel something is wrong with you
Your kids go to bed hungry and you blame yourself
You will withdraw your kids cos you can’t meet the new fees
Your thoughts are overwhelmed with the ways to survive, feeding has become luxury
You are contemplating quiting work because the salary cannot cover transport alone
You are frustrated

This the Truth: your political class are ready to punish you to death as long as they afford their extravagant lifestyle.

Unless you fight back and hold these criminals accountable, they will take away all you’ve got and dance on the grave of you and your loved ones.

You must take your life and your nation back

iammo:



Opposition isn't a sign of madness


Who took away subsidy... Buhari

Who refused to budget for Subsidy, National Assembly

9th National Assembly 2019 to 2023

.

Unfortunately these paid propaganda cannot fly because Nigerians are feeling the pains directly and more than ever.

This govt will not escape an uprising, the situation is impossible

rano1:
Bicycle business is going to boom especially in the North of the country with subsidy removal

NE states are paying N570 per litre.
NW states are paying 550 per litre.
and SW states are paying N500 per litre.

If I had money I would invest in bicycle business now. So many people are going to stop driving cars or will reduce the amount of cars they own.

Another way of saying it will favour me and my family.

A nation of selfish hypocrites will perish without sucour

FUEL WILL NOT SELL LESS THAN 1USD PER LITER BY AUGUST 2023. The I/E market rate will determine the exchange rate. Nigerians will buy PMS for 800 naira per liter in less than 2 months.

More SUVs to the political class

More bicycles to the masses.

The coming level of hardship will be impossible. Don’t doubt me…. Just keep watching.

Believe this rubbish at your own peril.

Infact, why should IPMAN be speaking for all marketers in a free market?, are marketers not supposed to source products anywhere and sell at a price?,

Are we still talking about price fixing with subsidy removed?….. Nigeria na fraud I swear.

Let’s be clear, the price of PMS from refineries are already fixed and the pump price of PMS in countries without subsidies are already known…. There are no hidden info

https://www.globalpetrolprices.com/gasoline_prices/

FUEL WILL NOT SELL LESS THAN 1USD PER LITER BY AUGUST 2023. The I/E market rate will determine the exchange rate. Nigerians will buy PMS for 760/800 naira per liter in less than 2 months.

Don’t argue… just quote me wrong in August 2023.

The real suffering is coming. Nigerian must stand up to fight for their lives or prepare to die of hardship, no alternatives.

After playing tribal and religious politics, you call on God for help

A nation of hypocrites will suffer greatly

Propaganda has limits, people are barely struggling to survive

Useless sycophants

A nation of hypocrites

Subsidy is sustainable if we subsidize our true consumption. The people should not be punished for the failure of the politicians.

Government is about the people and not about the politicians. We claim we have no money for subsidy but they have money for the Unending looting.


There are still a lot of things to be done before total subsidy removal. They should go after the subsidy thieves and close our borders to smuggling products.

They should prosecute and jail defaulters. They should subsidize our true consumption which is about 15million liters a day and not the 66 million liters they claim due to corruption.

They should reduce the cost of governance , their allowances and lots of waste to be cut first. Government is about the people and not about the politicians.

They should fix the power sector and provide enablers for the manufacturing sector

There are lots to be done before total removal of subsidy. Everyday we hear this politician stole 130 billon, another 77 billion….. unending looting.

They should not transfer the inefficiencies of governance to the people. These criminals in power must be held accountable

Believe this rubbish at your own peril.

Infact, why should IPMAN be speaking for all marketers in a free market?, are marketers not supposed to source products anywhere and sell at a price?,

Are we still talking about price fixing with subsidy removed?….. Nigeria na fraud I swear.

Let’s be clear, the price of PMS from refineries are already fixed and the pump price of PMS in countries without subsidies are already known…. There are no hidden info

https://www.globalpetrolprices.com/gasoline_prices/

FUEL WILL NOT SELL LESS THAN 1USD PER LITER BY AUGUST 2023. The I/E market rate will determine the exchange rate. Nigerians will buy PMS for 760/800 naira per liter in less than 2 months.

Don’t argue… just quote me wrong in August 2023.

The real suffering is coming. Nigerian must stand up to fight for their lives or prepare to die of hardship, no alternatives.

Whatever suffering you experiencing today, believe me it’s just a preamble. The really suffering is on its way

PMS to sell for 1USD (depending on parallel market rate) which is about 780 to date
Nigerians think they will survive what’s coming but they will be shocked.

Not a bad outcome

GeneralDae:
They've started doing it already. They buy and sell.

And that is why it will continue to devalue until CBN is forced to fix the rate. There will be no equalization

GeneralDae:
Devaluation in my opinion is a worse option. We do export officially more than we import. We export about 57 Billion dollars (80% crude oil and gas) and import 52 Billion dollars ( mostly electronics and PMS).

We have been devaluing the naira since the time of Babangida, where has it gotten us?

With managed free float, we can now allow the exports go freely through the official channel and give room for more dollars to be supplied to the I &E window. However, managed float here is the key.

Your statistics are wrong. We import more than we export.
Nigeria's 2022 total export is 47Bn USD - https://www.statista.com/statistics/383166/export-of-goods-to-nigeria/#:~:text=Goods%20totaling%20at%20a%20value,dollars%20were%20exported%20from%20Nigeria.
Nigeria's 2022 total import is 53.6Bn USD - https://www.statista.com/statistics/383154/import-of-goods-to-nigeria/#:~:text=In%202022%2C%20goods%20valued%20at,dollars%20were%20imported%20into%20Nigeria.

Much worse is that even the export which is predominantly crude, the IOCs retain approximately 40% of the proceeds which are not primarily repatriated to Nigeria. As such, less than 65% of Nigeria's export USD gets back to Nigeria

How on earth do you believe that managed float will work in the corruption capital of the world where even the CBN officers and bankers are daily creating loopholes for sharp practices .... and this is in addition to the limited FX supply.

GeneralDae:
So you believe the real value of the naira was 460/$ ??

You either float or you devalue by pegging at maybe 600. If you say everybody should access it at 460 naira (the overvalued price) then you would over-subsidise it.

What you probably meant to say is that the CBN should not float but devalue to 600 naira/$ and then remove all restrictions in order to kill the black market.

The CBN is however doing a managed float not a free float.

And there is no managed float in this case..... you either fix a rate or you don't; you float or you don't. CBN does not have that unlimited supply of FX to handle a managed float

GeneralDae:
So you believe the real value of the naira was 460/$ ??
You either float or you devalue by pegging at maybe 600. If you say everybody should access it at 460 naira (the overvalued price) then you would over-subsidise it.

Devaluing is the option, floating is not. You can even devalue to 700 and peg it there...... you can't float with the level of balance of trade deficit we have. What do we export outside crude?, do you know the volume of empty containers that gets shipped out daily from Nigeria?

With this floating, there is no real value... the speculators and manipulators will have a field day. USD will exchange for 1500 and there is nothing anyone will do about until CBN takes charge again

GeneralDae:
So central bank should keep subsidising forex and round tripping should continue?

I am sorry you don't understand the subject.

CBN could stop round tripping without floating the Naira. All that was needed was to remove all restrictions imposed by Emefiele's CBN and stop selling CBN to different folks at different rates... sell at a particular rate to all.

Floating the Naira is an entirely different animal. As huge as Chinese economy and market is, they could not afford to float their currency much more Nigeria that imports virtually everything. Una well at all?

Okealaaye:
No, they're not Nigerians. They're the ones calling our country Shithole and the Zoo heretofore. No one loves a thing and abuses it. No Patriot calls his Country names and abuses her leaders, no matter the level of their imperfections.

Patriotism is not stupidity. If policies are anti-people, you call it out.

You tribal and nepotic lot will feel the heat more .... trust me

All the baby steps which will turn giant steps are all against the people aimed at impoverishing the Nigerian people further.

I have maintained that Tinubu opened up our forex market to the new cabal..... Banks, IMF, speculators etc. An import driven country with such huge balance of trade deficit has no reason to float its currency.

Tinubu's government will not escape an uprising because the situation is impossible. People will have to fight back or die.

How many businesses closed in one month?
How many jobs lost in a month?
The sense of hopelessness is unbearabl

I have maintained that Tinubu opened up our forex market to the new cabal..... Banks, IMF, speculators etc. An import driven country with such huge balance of trade deficit has no reason to float its currency.

Tinubu's government will not escape an uprising because the situation is impossible. People will have to fight back or die.

How many businesses closed in one month?
How many jobs lost in a month?
The sense of hopelessness is unbearable