₦airaland Forum

Okay

And lest we forget

1. 7.5% VAT on diesel
2. Fuel subsidy removed
3. Electricity tariff hiked
4. University tuition increased to 400K+
5. Naira devalued
6. Same old politicians lined up to continue the looting

While
7. FG Votes ₦24 Billion For 10th NASS Members’ Accommodation
8. Elected Politicians, Judges Set To Get 114% Salary Raise

Anybody still in doubt should have all their doubts cleared at this time. All of the policies so far is to make more money available for looting ….. the Nigerian masses are not part of the plan. Tinubu’s game is to ensure the poor masses subsidize the political class. This is his style of political leadership.

The only solution is Nigerians must shun tribalism and religion and hold these politicians responsible. Or else we will all die.

This is sad

And lest we forget

1. 7.5% VAT on diesel
2. Fuel subsidy removed
3. Electricity tariff hiked
4. University tuition increased to 400K+
5. Naira devalued
6. Same old politicians lined up to continue the looting

While
7. FG Votes ₦24 Billion For 10th NASS Members’ Accommodation
8. Elected Politicians, Judges Set To Get 114% Salary Raise

Anybody still in doubt should have all their doubts cleared at this time. All of the policies so far is to make more money available for looting ….. the Nigerian masses are not part of the plan. Tinubu’s game is to ensure the poor masses subsidize the political class. This is his style of political leadership.

The only solution is Nigerians must shun tribalism and religion and hold these politicians responsible. Or else we will all die.

This should be on the front page

nedu666:
Just watch the speed all 36 house of assemblies will use in passing this bill.

I hope Nigerians stand up to these guys.

Brendaniel:
The last time Nigerians stood up, all of a sudden a tribe of the country started accusing another tribe of trying to cause problem in the country, the government called soldiers to kill protesters and funny enough the supporters of the government and majority of that certain tribe either denied or justified the killings.

After that incident, I don't think I will ever support any form of protest as long as the south west is involved...

The difference this time is that Nigerians are almost in an impossible situation. Something must give... fight back or die

EyeCumInPiece:

If this is true, then I give up on Nigeria ever attaining greatness.

Giving up is not the option, Nigerians need to stand up to their leaders who do not mean well

Cc nlfpmod. Cc Dominique Cc OAM4J

They need to increase the minimum wage

Finally this is sad but true

January 1, 2023 is the recommended effective date for the commencement of the implementation of the reviewed remuneration packages.

The RMAFC has urged the 36 states' Houses of Assembly to hasten efforts on amendment of relevant laws to give room for upward review of remuneration packages for political, judicial and public officers.

The Chairman, Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), Muhammadu Shehu, made the call at the presentation of reports of the reviewed remuneration package to Kebbi State governor, Dr Nasir Idris, on Tuesday in Birnin Kebbi.

The News Agency of Nigeria (NAN) reports that work by the State Houses of Assembly will allow for the commencement of implementation of the reviewed remuneration packages for political, public and judicial officers.

The RMAFC chairman, represented by the Federal Commissioner, Rakiya Tanko-Ayuba, an indigene of Kebbi State, presented the report to the governor during a courtesy visit at the Government House, Birnin Kebbi.

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Shehu said the move was in line with the provision of Paragraph 32(d) of Part 1 of the Third Schedule of the 1999 Constitution of the Federal Government (as amended).

He said, "It empowers the Revenue Mobilisation, Allocation and Fiscal Commission to determine the remuneration appropriate for political office holders, including the President, Vice President, Governors, Deputy Governors, Ministers, Commissioners, Special Advisers, Legislators and the holders of the offices mentioned in Sections 84 and 124 of the Constitution of the Federal Republic of Nigeria."

Shehu said the last review of the remuneration was carried out in 2007, which culminated in the Certain Political, Public and Judicial Office Holders (Salaries and Allowances, etc.) (Amendment) Act, 2008.

"16 years after the last review, it is imperative that the Remuneration Packages for the categories of the office holders mentioned in relevant Sections of the 1999 Constitution (as amended) should be reviewed.

"Pursuant to the above, Your Excellency may please recall that on Wednesday, 1st February, 2023, the Commission held a one-day zonal public hearing on the review of the remuneration package simultaneously in all the six (6) geo-political zones of the country.

https://www.pulse.ng/news/local/elected-politicians-judges-set-to-get-114-salary-raise/glkxm4g

This should have been the first action and not subsidy removal

nairalanda1:
At the end, petrol costs money

All that time we had subsidy, petrol was really expensive. As we were buying it cheap, somewhere debt was accumulating.

I know we are poor. I know APC has messed up this country and I don't like the tinubu government. I'm already cynical about it.

But keeping up the charade of cheap fuel has cost us too much

Either way we pay, either from our pocket or at IMF HQ .

Every government subsidizes something for the masses even in very developed nations. How can you remove all subsidies in the poverty capital of the world?, you want to kill off the citizens?

Fuel subsidy is not a burden if we subsidize our actual consumption. FG is currently paying 500% subsidy on actual consumption due to corruption. Simply go after the subsidy thieves and stop the smuggling of subsidized products across borders. Prosecute and jail defaulters to set examples. It makes no sense to transfer the responsibility to the masses.

mrvitalis:
Allow anyone import fuel if they meet the set out criteria open up the business let us all compete

But no they are always afraid of competition as an Igbo man competition is key to progress

And that won't be enough

Nigerians are still consuming PMS bought at official rate of 460 Naira per dollar and complaining. Wait until PMS purchased with a devalued Naira of 760naira/USD hits the market.

Even if licenses are issued to 100 importers, Nigerians will buy PMS at 800naira+/ liter before end of august 2023. The global benchmark of gasoline prices (without subsidies) are already established.
https://www.globalpetrolprices.com/gasoline_prices/

And lest we forget
1. 7.5% VAT on diesel
2. Fuel subsidy removed
3. Electricity tariff hiked
4. University tuition increased to 400K+
5. Naira devalued
6. Same old politicians lined up to continue the looting
7. FG Votes ₦24 Billion For 10th NASS Members’ Accommodation


The Nigerian masses are in an impossible situation. There is a game by Tinubu to ensure the poor masses subsidize the political class.
The average lagosian earning 100K can only afford to eat if his work place is close to his residence ....... the situation is not mathematically and practically feasible.

The poor Nigerian masses are the ones to subsidize the political class under Tinubu.

More to come

Okay

Godwin4444:
your empty head doesn’t tell u that even in countries where the penalty for drug pushing is death your tribesmen still go there to do their business

The best way is to spoil d business so they won’t go there again, when our price is almost d same with their then nobody will tow that route then introduce welfare programmes to cushion d effect n once the smuggling is no longer lucrative n all nuts tied them u can bring in price control

Many mugus like u just think governance is like ABC, no wonder many of u can’t go out on Monday cos of unreasonable decisions taken by your so called leaders

"your empty head", "your tribesmen", "Many mugus like u"..... sorry I cant deal. I thought I was responding to someone sensible.

Godwin4444:
how is he impoverishing Nigeria?

Even when u can see those small neighboring countries feeling d heat

Meaning we should continue subsidizing fuel so others can enjoy

I know your only pain is that it’s not obi that is doing it, if it was obi u will defend it to high heaven

I am not here arguing your PO vs Tinubu BS, we are talking about outright suffering for the Nigerian people.
For your info, the solution to the smuggling of PMS across the borders is to go after and stop the smugglers; tighten the boundaries. You dont cut off the nose to spite your face. You dont throw away the baby and the bathing water.

Nigerians should not bear the consequences of the inefficiency of their leaders. The solution to smuggling across borders is not taking away subsidy, its stopping the smuggling. You are not bound to suffer, use your head

Godwin4444:
how Will peter obi government b any better?

Anybody who told you that the only way to a better Nigeria is to further impoverish Nigerians is an enemy of the Nigerian people.

Starboytwo:
speak for only your household alone

I guess you and your household are immune to these policies possibly cos you aint resident in Nigeria

1. 7.5% VAT on diesel
2. Fuel subsidy removed
3. Electricity tariff hiked
4. University tuition increased to 400K+
5. Naira devalued
6. Same old politicians lined up to continue the looting

Give it 6 months and Nigerians will feel the real and stinging impact of these policies. At that time, ethnicity and religion cannot save you.

1. 7.5% VAT on diesel
2. Fuel subsidy removed
3. Electricity tariff hiked
4. University tuition increased to 400K+
5. Naira devalued
6. Same old politicians lined up to continue the looting

This is the singular reason I believe Nigeria is destined to be doomed unless a selfless leader takes over the helms of the country.

The politicians know the only way they get away with their evil is when they keep Nigerians divided and they have a ready tool in religion and ethnicity. Even when the bad governance impacts all across ethnicity and religion equally, Nigerians are too blind to see.... almost like zombies.

Nigeria can never progress until there is unity, the enemy is within. There will always be willing folks to wreck any semblance of progress in the guise of tribalism. No two can work together except they agree, the political class know this and are exploiting it to the last. There is no winner in this.

So know this...... The political class will always play the ethnic and religious card to exploit the people, the Nigerian masses are too dumb to see beyond their noses and NIGERIA WILL NEVER PROGRESS

This is the singular reason I believe Nigeria is destined to be doomed unless a selfless leader takes over the helms of the country.

The politicians know the only way they get away with their evil is when they keep Nigerians divided and they have a ready tool in religion and ethnicity. Even when the bad governance impacts all across ethnicity and religion equally, Nigerians are too blind to see.... almost like zombies.

Nigeria can never progress until there is unity, the enemy is within. There will always be willing folks to wreck any semblance of progress in the guise of tribalism. No two can work together except they agree, the political class know this and are exploiting it to the last. There is no winner in this.

So know this...... The political class will always play the ethnic and religious card to exploit the people, the Nigerian masses are too dumb to see beyond their noses and NIGERIA WILL NEVER PROGRESS

1. 7.5% VAT on diesel
2. Fuel subsidy removed
3. Electricity tariff hiked
4. University tuition increased to 400K+
5. Naira devalued
6. Same old politicians lined up to continue the looting

What exactly are Nigeran celebrating about this government. Are we all dumb? Nigerans suffer no dey tire una?

Imagine the desperation that gave rise to the current presidency..... aimed at unleashing inhumane policies to impoverish the Nigerian people.

This is sad and Nigerians must resist any form of oppression by criminals in power

nairalanda1:
Just curious, what then should the government have done, in your opinion.?

I have my doubts too about the new ideas, but with the way we lost out from round tripping under the old regime, I'll like to wait and see how things turn out.

All FG needed to do was remove all FX restrictions without floating the naira. All those Emefiele's restriction should have been jettisoned. Allow people pay and withdraw cash USD across the counter. Eliminate the dichotomy between inflow and cash. There are lots of USD cash not in circulation due to these restriction.

Then devalue the naira to around 500 naira to a dollar and let CBN continue to fund the banks and manage the rates. Just stop selling FX to special people at different rates. Anybody sourcing FX from CBN should buy at the common rate but CBN must stay in charge.

Before we forget, the margin between official rate and black market prior to Buhari was always less than 10 naira. Buhari's restriction and preferential rates drove the margin.The focus for now should be to reduce the margin and not necessarily fling (float) the exchange rate open to manipulators and speculators.

The current Nigerian president is a player in that particular game. That exact money procured APC presidential ticket.

Uten9z:
Which kind wahala be this

I deh my way coming back from Abuja to go report salary varnishing between IPPIS to account without any description and then this. By the way Abeg who even design that thiefing device REMITA self, una days don the count finish?

The truth about this is that the future gain is better than the sacrifice we have to make as a country now.

We quickly compare this country with china on how years back china was backward that even Nigerias currency was far better but we don't want to knw the sacrifice they made or undergo such to become the words leading economy one day. We have zero down from fastest developing country to what we are now.

Believe me even closing the borders by Former PMB was not a wrong idia but the system didn't make plans + our greedy marketers and marchants men who countr the prices of market commudity perceive that new actors will arise from the result and they will be face out so instead they resulted to frustrating the citizens with highest impact on the poor masses with unscrupulous rise in prices of livelihood.

It's not funny for me especially and I didn't vote in this government but a right thing is right to associate with, I am not finding it any funny but I believe there are some bricks that we need to drop in this country if we need to move forward and better and it dosnt matter who does that.

One thing obvious is that the prices of community normally even from a kilometer apart varies in Nigeria (no control) and Nigeria still patronize them in there variations and never complain even with the wide margins weather they knw or not in as far as they need it but then I observe that the gap and margins is now closing up considerably, I can speculate by a more than 75%.
I mean people that extort other people are now forced to close up, they cannot longer practice their hideous crimes of over bloating their market prices again because no one is buying and to keep business they are have to almost harmonize their commodity prices with the regular because of the hike of price from increase of subsidy most likely.

By the way cutting down means of person living is the solution to cope now till things set.

I trust the government to do something too just like GEJ did by supplying Elrufai Buses, and with other emoluments expecially for government staffs and citizenry.

But if una decision is that we stay as we deh tor no qualms, as the common Nigerian man slugan "Na so e bi tei tai, nothing go work for this country".
Or we go support and join jagaban so that the small salary we deh earn no go stiln stop. Abi una no no say the system don deh cripple? We need a different approach to fit into the fast evolving world economy with too much loan to bare for as long as possible.

Unless we are set to end this country or frustrate this government by making sure it doesn't deliver (which we all go sufferam) we need dialogue on possible outcome forward.

My pick

In the midst of utmost corruption, it a wild goose chase ..... Nothing can work

Before you all get carried away with the media propaganda associated with this FG, here are the actions to date and how it affects you (you might not feel the impact immediately but its gonna sting soon)

1. Fuel subsidy is removed and you will buy fuel for 500 to 900naira per liter (depending on the exchange rate). The savings will be looted like that of kerosene and diesel. There will be no commensurate succor/ palliative for your suffering. Instead of going after the subsidy thieves and stopping the smuggling across boarders, they have transferred the responsibility to the helpless Nigerian people.

2. 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, a such the new FG players can access FX from CBN without noise.

3. FG funding for tertiary education has been removed. Students will pay upwards of 400K tuition fee starting next session. A lot of students will drop out and cannot complete their education anymore. The so-called student loan will be almost impossible for an average student without connection to access. Guess what happens to the savings from this funding…. To b looted by the same people who have impoverished the nation.

4. Electricity tariff have been increased (without increased production) and will take effect from July 1st. This is a death knell to small and medium scale businesses. You are now stuck between the devil (PMS at 550naira per liter) and the blue sea (extra expensive electricity tariff).

5. All the FG has done so far is abandon almost all responsibilities it has over the people through the bills being signed since May 29. All Tinubu has done is to make available funds to be shared by him and his goons at the expense of the people. Not a single bill or action aimed at ameliorating the suffering of the already downcast Nigerian people rather adding to the pain in the guise of elitist policies

6. Guess what…. Same old political criminals are back in power, Gbaja, Akume, Asari Dokubo etc and you expect any real change apart from increased suffering?. How do you expect Tinubu to pay back the these same criminals who supported him into power?

Nigerians…. Suffer no dey tire una?

With the floating of the naira, watch how speculators and banks manipulate the finance sector. You will observe massive gains and massive losses in the stock market .... this has no impact on the common Nigerian, it is the same elites manipulating and moving around funds.

Investors know this game, influence the I/E market... exchange USD for high exchange rate and invest in the stock market. At the peak of stock pricing.. force a massive sale off and sell at lower naira rate and cash out your USD. Tinubu has opened the financial market to the jackals and that is what IMF and world bank wants

Don't believe me, Just observe