₦airaland Forum

This one na real problem child. Una get energy oo, shwo.

jl115:
Eskom

I just don't get it. What happened to the generators in SA?

Just30:
I have no idea because I've not had an interest on it

Because there's none.

Just30:
RFI is a loan and it comes with conditions

So what condition(s) does Nigeria have presently from the IMF? any article?

Nigerian Central Bank with some moves lately though.

https://tfiglobalnews.com/2023/01/29/nigerias-killer-move-spells-doom-for-visa-and-mastercard/

jaxxy:
man of which youths? same person who called for shooting of protesters?

sm1 who does not believe in free and fair elections?

a power grabbing and desperate old corrupt cargoe?

atiku and tinubu are thesame only difference is atiku isn't a godfather type and not as desperate.

Can you prove that Tinubu called for shooting of protesters and how come Tinubu who is not in Government has such powers yet Obi who was a Governor in Anambra could do nothing about the Akwuzu River killings in Anambra by SARS?
A godfather? simply because like Obi and other Governors he introduces his preffered candidates?

Just30:
It's a 3 and half year facility

Can you link me to the article that states this?

jaxxy:
look at their anticidents. Obi has the support of the youths, aligns with the youths. tinubu is a power grabbing opportunist godfather who enslaves those he claims to help and holds them hostage.

Thats why osibanjo, fashola, ambode have all been called judas or betrayers.

Osinbanjo was called betrayer not by Tinubu but by Tinubu's fans.
Ambode did well in some areas but derailed from the Lagos master plan laid out by Tinubu, this is partly why Lagos is only completing first phase of the blue rail line today.
Tinubu is a man of the youths. He would involve the youths.

Just30:
3.4 billion dollars as COVID support?
You went for this program because your country was spending almost 100% of it revenue on debt servicing and that was a challenge

Is Nigeria under an IMF program now? IMF programs normally take years to expire where IMF dictates terms and conditions. You are confusing a loan with a program.

Just30:
😂🤣

Just Google Nigeria IMF deal... Thank me later

Nigeria like almost every other country only received COVID support from IMF in 2020. Is that thesame with being under an IMF program?

jaxxy:
Actually a small if cos he has the interest of the youths, masses, people and country at heart.

2. He is power grabbing or power hungry and desperate like the other 2.

What makes you think only Obi means well for the country and not Tinubu?

jaxxy:
A stingy man is better than a thief.

If Obi works with the right people Nigeria will improve faster than criminal being in power.

If Obi works with the right people. A big "if"

Bennycollins:
There is no way Tinubu can win this election. One of two things will definitely happen. Either Kwankwaso remains in the race which would help Obi to win for us or he steps down and collapse his structure for Atiku, a less evil than the APC and their vicious candidate.

So you mean Atiku with the spv hard evidence and his 31 children saga is a less evil than APC? Atiku who surrounds himself with the likes of Saraki, Tambuwal, and Dino Melaye?

Jamestown123:
Voting obi is like the only option left. Not that his the most competent. To me I'm just tired of the rulership of APC and PDP.

But you and I know it's either still gonna be APC or PDP because Obi and his party are not yet popular in the North. So rather than choose Atiku and the PDP, why don't we just support the APC one more time while we build the labour party or whichever 3rd force party of our making. The youths could also get involved and find ways to infiltrate the APC.

Also voting just any party or anyone just because you are tired of the ruling party is a bad idea.

Jamestown123:
What exactly did Buhari did in kastina before we voted him in as president?

The problem is not in voting Obi. I sincerely prefer him to Atiku 100 times but it's because people brand him as the most competent rather than saying they just like him.

IdofiAma:
The truth is, nobody understands Nigeria like Atiku - the best choice #Atiku

So the SPV saga doesn't worry you? and the fact that he has 31 children who could drain our resources?

vaxx:
I read it in BBC Pidgin news that it was politically motivated. Tinubu said so. He said it was part of the techniques his opponent are using to ensure he is not successful in the coming elections.

In Ghana we are used to buy fuel at high price . Nigerians are not used to it. So it may come as a suprise to many nigerians .

The Nigerian Government disclosed that cross-border smugglers are to blame for the ongoing fuel scarcity stating they divert PMS meant for the Nigerian market.
This was disclosed in a statement by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Friday.

They reassured that there is enough PMS in Nigeria at over 1.6 billion litres as of 26th January 2023.

Diversion: The NMDPRA said smugglers are diverting PMS meant for the Nigerian market which contributes to scarcity, they said:

” The current distribution hitch is heightened by activities of cross-border smugglers, who divert PMS meant for the Nigerian market to neighbouring countries where PMS prices are significantly higher than Nigeria’s regulated price.

They added engagement has started with the Nigerian Customs Service to address the issues.

Sufficiency: The energy regulator also noted that Nigeria has enough PMS capacity to supply demand presently, saying:

“The NMDPRA wishes to reassure all Nigerians that there is PMS sufficiency of over 1.6 billion litres as of 26th January 2023 both on land and marine”

Arbitrage: They also blamed the price arbitrage between Nigeria and West African countries on the Russian invasion of Ukraine, they said:

” The Price arbitrage between Nigeria and neighbouring countries has continued to grow due to inflation and the regional impact of the Russia-Ukraine conflict on the global energy value chain including international freight rates and coastal vessels charter rates.”

The agency said it is working with NNPC to address certain measures including automation of products sales interface, rehabilitation of critical fuel distribution road network and modest adjustment in the cost of product transportation to cater for the impact of high diesel prices on transporters.

Two people are unsung heroes of this project:

1. Rotimi Amaechi
2. Bola Tinubu ( for kickstarting the free trade zone in 2006)

vaxx:
Hopefully you know austerity has landed successfully in Nigeria .

How much is a liter of fuel in your area ?

Fuel price would most likely increase further in Nigeria just like Diesel because Subsidy would be gradually removed.

Obi is not the greatest issue now. We should focus our attention on avoiding Atiku at all cost even if it means Obi wins.

The Central Bank of Nigeria announced in 2022 that it will be launching a National Domestic Card Scheme in conjunction with the Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, the Bankers Committee and other financial ecosystem stakeholders.

The new Domestic Card Scheme is a robust in-country Scheme tailored to address the specific requirements of Nigeria’s payment industry and provide innovative offerings tailored to the Nigerian market and beyond. The Scheme will transform the domestic and African payment landscape through the promotion of innovation in payment, enhancement of interoperability domestically and internationally and improvement in the suite of products and solutions offerings by banks and other financial institutions such as debit, credit, virtual, loyalty and tokenized cards.

The National Domestic Card set to be delivered to over 200 million Nigerians offers unique value propositions through enhanced data sovereignty and transaction security, better pricing opportunities, reduced demand for FX, enhanced financial access and support of the growth of a robust and inclusive digital economy, amongst others.

The brand unveils of the new Domestic Card Scheme by CBN and NIBSS will take place on Thursday 26th January at a virtual event that will be graced by critical stakeholders in the financial ecosystem such as the Governor of the CBN, Deputy Governors of the CBN, the Director General Securities and Exchange Commission and Managing Director of the Nigeria Deposit Insurance Corporation. Also expected at the event are representatives of multilateral agencies, Switches and Processors, Payment Service Banks, Mobile Money Operators, Payment Terminal Service Providers, Payment Solutions Service Providers, card manufacturers and industry associations.

The launch of this historic Scheme presents a new dawn in the Nigerian payment ecosystem and unveils the unique opportunities presented by the Nigerian retail landscape.It is indeed the beginning of a new era, charting the future of the payment landscape as the first Domestic Card Scheme to be launched on the African continent

rvp2018:
Total revenues included everything.
Last year - 2022 - you had 100.5B target - revised down to 78B in suplementary
This year - 140B cedis target.

Incorrigible fool

There is no need arguing this. I saw a chart of total revenues ranking in Africa and I think Nigeria was 3rd there and Kenya a close 4th. Only South Africa and probably Algeria (if I'm not mistaken) collected more revenues than both countries in that list for 2021. I'll see if I can get it again.

Kazikazi:
Good explanations.

I think it's time for everybody who runs a profitable business to pay something as a tax.I know that isn't easy to implement, but it's possible.
Example,here in TZ, every bus ticket u buy is already taxed.Now they want to squeeze the landlords,every rent u pay,a taxman wants 10% of it.For years,these landlords were not paying anything! There so many areas which are still not taxed

Also South Africa is said to be one of the most highly taxed nations on earth.

https://www.biznews.com/africa/2021/09/07/tax-burden/amp

https://www.internationalinvestment.net/news/4002970/south-africa-heavily-taxed-countries-world-imf

Kazikazi:
You mean that is the total tax for the whole nation? Surprisingly, SA collects over 100b with less GDP

The VAT, CIT, and Port amounts to that. But the Nigerian economy is made up.of small medium enterprises scattered everywhere (several millions) which is 45% of all sme's in Africa. This is where the tax leakages happen and the Government is trying to formalize the economy.

We have close to 100 million working population and only until a few years ago, do we have more than 20 million people paying taxes. The strength of Nigeria is in her population numbers not in the number of taxable giant firm it has unlike South Africa.

IGpro1:
It's coming up..
Almost $22billion

With Lekki port, and other stuff as well as more efficient ways to remove leakages, it should get to 15 trillion naira easily this year (at over 30 Billion dollars).

I say this because if we look at 2022, various tax incentives were given to the likes of NNPC and Dangote, MTN, Glo to build roads. Those taxes. are not included here I'm sure, so this should have been around 12 trillion (27 Billion dollars) in 2022.

Goke7:
I cringed at the comments I saw here, especially those complaining that the Federal Govt is only getting 5%. I thought we said we want the country to be restructured.

Lagos has finally delivered the blueprint of what restructuring will look like with the FG getting 5% and Lagos 20%, it only shows how other states especially the niger delta states should be thinking. Instead of the entire money going to the Federal, let more money remain in the state where it is being generated.

To my brothers in the SE, if you really desire restructuring (which I doubt with the kind of comments I see here), you should be applauding Lagos and urging your states to come up with similar kinds of projects that will raise more IGR and create more jobs where the money is being generated. It's that simple

They all seem to only be concerned about Tinubu.

seguno2:
Well said boss.
The report of 20% and 5% to the state and federal governments respectively may be a lie.
Moreover the Chinese and Indians having 75% may be a front for ThiefNuibu’s Alpha Beta SPV looting.

Hmm, you guys see Tinubu in your dreams 😄

So because Tinubu went to creeks, others must also go to the creeks?

seunayantokun:
They will now shedd their population weight to Nigeria, employ their people massively, operate with Chinese law, and use the Chinese police already in place. When it was noises that the FG was about to sell Lagos, and other key parts of the south to the Chinese, some people closed their faculty and busied themselves chanting 'emi lo kan'.

You'd better prepare for worse news to come.

Honestly, this is saddening and disheartening.

But the chinese built the port with a lot of the finances coming from there , so what else do you expect? Even in America, there are lots of big Chinese and other foreign investments. That's how to grow a nation.

vankelvin:
[/b]
Our A-list Actors became popular through our movies especially the ones I mentioned earlier not through nollywood movies.

I don't agree with you on the emboldened.
Some of these Cameroon, Kenya and South Africa actors featured in nollywood years before Mawuli Gavor, Too Sweet Annan, Enock Darko and the likes yet they are famous so how did that happen?

Even your A-list actors would not agree with you on that but I believe everyone here knows what happened, no need arguing.

vankelvin:
Ask am
Of all the countries that have featured in nollywood why is it that it is only Ghanaian actors that get blown when they act in nollywood?

Nollywood was very popular in Africa in the period 2002-2011. At that time, almost all major Nollywood actors/actresses were well known across Africa. That was also the time those star-studded Ghanaian actors/actresses came to Nigeria.

If gifted Kenyans, Cameroonians, and South Africans, had come to Nigeria then, they would have also become quiet popular across the continent.