₦airaland Forum

Tinubu is in desperate search for money and won’t mind grounding everything to achieve his aim.

Anyone who was wondering why the data protection bill was one of Tinubu’s first bills, this is the reason.

The data protection is not the interest, the so-called fines on the banks is the target. There might actually be a push to take over these banks in the long haul.

Drug kingpins are mean, inconsiderate and only loyal to the cartel. Make of this what you will but very applicable to today’s Nigeria.

All these retired crooks and criminals are all finding a voice under Tinubu.

Una never see anything

When next you hear, Tinubu did wonders in Lagos. Ask them what exactly he did.

Anyone who know Tinubu is not surprised, this is only the start

GoldenJAT:
im laughing so hard here!!! u wanna compare an administration of 1yr 1 month.. with that of 5yrs?? there is no basis for comparism my boy...meet me here in 3yrs time....and I will exhaust 3 pages listing of achievement.. Fear God o.

Hello Sir, kindly provide the 3 page listing of Buhari's achievement

nairalanda1:
Above shows that even as early as 2022, funding for subsidy was not there.

And yet, people are still crying for subsidy

My eyes got opened 11 years ago. I ain't going back to being blind.

Oga, 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

nairalanda1:
See your senator and rep with these points. Not nairaland.

You are the one trying to sell a deceitful point on Nairaland, not the senators. Your have been wrong and you are still wrong.

nairalanda1:
Whatever you think of me, subsidy is no longer sustainable.

Reality is not favorable to us all the time.

Lord knows, I wish it was other wise, I effing wish it was otherwise.

Oga, 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

nairalanda1:
Regardless, subsides were no longer sustainable.

Calm down.

Your propaganda on the forum is built on deceit. Subsidy is sustainable if we subsidize our true consumption and reduce cost of governance.

nairalanda1:
And at the end of the day, while you are right, the problem is, we are not earning enough money in the first place

All those inefficencies are what make the matter worse.

Subsidy was no longer sustainable, as much as we would love to disagree.

P.S : In 2012, GEJ tried to remove subsidy, reason being that subsidy costs in 2011, were thrice subsidy costs in 2010. Also, subsidy costs in 2011 ate 60% of our oil earnings...and were on track to eat all of it.

Same thing happening now.

We should fight corruption, but it still doen't change the reality.

Oga, 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

nairalanda1:
I really wish I was lying....but we don't earn enough from oil , and cutting costs won't do much.

Countries that are rich earn a lot of money from 1) taxes 2) selling manufactured goods and services.

We produce as much oil as Qatar...and we share the revenue for a population of 220 million compared to Qatar's less than 2 million. That's why Qatar can host a world cup, while we can't.

Oga, 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.

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

nairalanda1:
Being an oil producing country does not mean that fuel would become 'affordbale'

There are many oil producing countries where fuel is sold at an expensive rate.

Plus, our main issue is that we earn the same amount from oil as Qatar, with 200 times the population. As such the oil money is not and has never been enough

You guys should stop this deceit. 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

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

We don’t have money for subsidy but we have money to sustain the looting lifestyle of the criminals in power. Tell that to the marines

MT:
So, Nigeria should keep paying subsidy from almost non existent fund. Nigeria case will be worse than that of Sri Lanka if the president did not quickly make a detour.

You guys should stop this deceit. 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

helinues:
It will cos keeping money with politicians is just like keeping yam with goat but the looting won't be as before.

Looting will be worse than before. Tinubu’s govt will be the most corrupt government because he has a lot of mouth to feed and he can’t fail his loyalists who are all criminals.

For anyone that cares to know, fuel will sell above 1USD in the parallel market naira equivalent at every given time.

When the products ordered arrives, pms will sell for more than 750. Don’t argue….. just observe

Suffering Dey come

grandstar:
The reality us that the 8 years of the Buhari administration completely messed up the economy, dragging it down and loading it with mountains of debt.

So, correcting it won't be easy. The 2 most painful reforms have already been implemented which are ending fuel subsidies and the unification of the exchange rates. These 2 policies will not only reduce waste but massively increase government revenues overnight.

It is also too early to judge things. Ministers have yet to be appointed. Who would be appointed as the finance minister is crucial as well as the next governor of the central bank.

Today marks the 28th day of this government. A better flashlight might be first 100 days in office.

You don’t implement such policies like it’s knee jerk. What plans are in place to cushion the effect on the people?
What are savings reinvestment plans?
Why not a gradual removal of the subsidies, why must they happen on day 1?, you want to kill the people you intend to save?
Where. Are the savings from diesel and kerosene subsidy removal?

Nigerians need to survive first for this news to make sense to the average Nigerian.

At this time, nothing makes sense. The suffering is too much

wasuka14:
No matter how anyone kick. Certainly government can't continue to pay subsidy on dollars and petrol. That's the fact. Let's face it and find different solutions arround it. There is no problems without solutions. This is an Era of thinking, Era of looking for different solutions to the problem we face instead of kick and complaining. Let's think.

Next time, tell them to think first before implementing their half baked policies. The thi king should not come after the deal is done

Timoleon:
It’s true. That’s why you are the president and Putin is lurking around Nairaland.

I am willing to learn, what would you consider a win for Putin in all these?

GWMI:
So many people just wish Tinubu failure not knowing that wishing him failure, doesn't mean he will fail.
Let's see what happens in weeks to come as we survive this new Government policies.
But one lesson learnt is that, Nigeria was a highly subsidized society now all subsidy is going we got to bear the heat.

You have nothing to say. National economics is not gut feel. We already know and feel the outcomes.... a wrong policy is a wrong policy... no sugar coating

Nigerians have no clue what is coming, It will be almost impossible to survive for some.

For an import driven economy like Nigeria, this is a dead end and if Nigerians are lucky, there might be an uprising that the FG might be unable to manage. Otherwise... many will die and the deaths will be in large numbers.

Anyone who understand this game would know from day one that Putin made a mistake invading Ukraine. There is no win for Putin even if Ukraine is razed to the ground with no single Ukranian alive.

Buhari even attempted to claim not to be corrupt

Tinubu has never attempted to say he is not corrupt, everyone knows he is arguably the most corrupt Nigerian alive

Anybody expecting a fight against corruption under Tinubu is a joker

lol ..... This sound quite funny. This is just the beginning of shege promax

These criminals in power are not serious. I already predicted this outcome way back

https://www.nairaland.com/7733529/households-under-pressure-new-electricity#123891198

Naira has been devalued (though they call it floating). The FG has handed over the exchange to the market forces where speculators and banks are king. Naira continues to fall in the I/E and parallel market. Anybody who tells you Naira will appreciate is a joker, for a corrupt country like ours, the banks and speculators are the new cabal and will drive the rates how they deem fit. Don’t believe…. Just observe. What most don’t get now is that CBN now has no obligation to provide FX at a particular rate to the market, as such the new FG players can access FX from CBN without noise.

Business as usual .... Nigerians have been numbed up, our humanity is totally lost. We will rather play tribal, ethnic and religious games while some of us get killed like goats.

My house help lost all her family members during the last raid by this gunmen in this same Plateau. Now, she has no where to return to.

Okay

Candidlady:
It won't

Y'all just want this government to fail

You only wish it won’t, but realistically it will unless FG intervenes. You cannot float a currency in a country with terrible balance of trade deficit

MasterTeeUSA:
This is how minimum wages are raised in sane countries. Some business will fold, some will expand, new industries will come into play, real entrepreneurs will adjust prices and demand more from workers....and life goes on. Why do you think productivity is high abroad...they pay but you do the job of 4 people in Nigeria for UK....even your body will say I feel it

This is Nigeria not UK. You guys should stop lame comparisons
UK businesses don’t generate their own power
UK business don’t rely on poor infrastructures

Nigeria does not have the business enablers available in the UK. Have you actually managed a business in Nigeria? A govt that does not even know its true population will enforce minimum wage on private businesses? Really?

I don't blame these criminals..... I blame the badly damaged and impoverished Nigerians that believe them

.......mental pics of zombies comes to mind

MasterTeeUSA:
I agree with this amount as well, but keep in mind it will automatically increase corpers allowances to N70k for all students serving. Lets hope the Govt can meet up...but most especially I believe they should allow the private sectors to gradually implement any upward review in Minimum wage...maybe by Dec ending for employees 10 or more...N50k and by end of next year, N70k implementation for private sector implementation and enforcement. The Govt must ENFORCE. That is why abroad is SANE. You have to post the minimum wage at your place of business for your employees.

Do you guys actually mean what you say?

You expect small and medium scale business that are already folding up due to cost of power and multiple taxation to increase salary on top the increased cost of doing business?

Una Dey reason some of these things at all? Nigerians still have no clue what is coming

nairalanda1:
Thanks, I already know all that.

There is some discussion about selling to Dangote in naira....the naira equivalent of what the international price of crude oil is at that time.

It won't lead to a reduction in fuel prices, and I don't expect it to. After all, it is business. People have to make money (the last time price controls across the board were tried...in former communist countries...they all collapsed, or became capitalist. North Korea is the only country where price controls are a way of life, and the black market there thrives. People love to make money...rule no 1 of human beings)

And fuel costs money to produce......expecting cheap fuel is like me dreaming that I married the last 5 winners of Miss Universe last week. Refining, transporting, etc, e dey cost money well well.

Even with the subsidy, we were still paying high prices. In the form of loans and more loans.

Crude will not be sold to Dangote in naira. That is inverse economics. Nigeria needs the fx to balance its trade

Dangote does not need the naira either, he is operating in a global industry traded in USD. His loans are in USD. He also will not be selling refined products only to Nigeria

Nigerians need to manage their expectations

nairalanda1:
He will sell fuel in naira. He may also buy crude to refine into petrol in naira.

Hahahaha, you have no clue.

The NNPC/ Dangote refinery agreement is there in the open. Crude will be sold to Dangote at the prevalent global market price in USD while refined product price will follow global prices at the prevalent exchange rate.

Dangote ain’t giving you any cheap pms. You will only save shipping cost but Tinubu already plans to reintroduce that cost to Nigerians through taxes.

Do your research