₦airaland Forum

mrvitalis:
What's manifesto? ... I mean words spoken, conviction passed on

Tinubu believeed that and didn't do that as governor?

Tinubu is a socialist... Na infrastructure he go build we go dey here see am

He is awolowo policy believers

We go see that Yoruba ideology

I know Tinubu started as a socialist but he has also adopted some form of capitalism over the years.
You can see he has been making mainly capitalist policies since. Soon he would begin to introduce his true ideology slowly.

mrvitalis:
Buhari provided credit facility right? For rice farmers and stuff but it failed

I am talking about government providing a fixed amount say 10 trillion to banks... This money is available at 3% interest rate... Borrow as much as u wish

But they must be to this and that sectors only

Obi did that for health and education industry in Anambra reason they have one of the best health and education system in Nigeria today

He expanded it to manufacturing the likes of innoson and others

It's similar stuff proposed by Tinubu. Same thing in his manifesto. This idea and proposal of his has been there since 2018.

Tinubu also favours low interest rate, so what gives?

Besides where would the 10 trillion come from?

Atiku said he would sell refineries amongst other things to get his. How would Obi get his?

Finally, what data shows that Anambra has one of the best health and education systems in Nigeria? Please don't tell me he took WAEC from 26th to 1st.

mrvitalis:
I'm not talking about consumer credit nope
I'm talking about ease credit facility

If by that you mean access to easy credit for everyone for cars, houses, etc. Then what's the difference?

mrvitalis:
Keep infrastructure aside focuse on investing in the people to create wealth... Provide soft loans through banks for manufacturers

But these are not special policies. Tinubu also spoke of consumer credit system through Banks right from colloqium 2018 and also in his manifesto.
Atiku is not really big on infrastructure but on development of small businesses and other human centric policies.

mrvitalis:
Using a post I made in 2017 to hold me in 2023 is foolishness.... I made several post in my defense of APC

But as I grew observed I learned by my mistakes

I never supported obi based on his lifestyle but based on his policy simple... His policy was exactly what we needed

Simply
This is the last time I would respond to this topic

What are those policies?

Fuel price is no longer regulated or fixed by Government. So the price would vary.

Shaytun:
It has almost doubled since may 29

I think it could be based on what a dollar to naira was in May 29th compared to now. In that way the dollar value of petrol in these countries has increased due to reduced smuggling but haven't necessarily doubled.
I could be wrong though.

vaxx:
politician will hijacked and massage it. Ghana is going to polls next year , it will be interesting to see how situation will unfold. But the former opposition party headed by former president had made an appeal. Maybe they will halve the payment or pay in installments

They are asking for at least 30% of 1.7 Billion dollars. Which is about 510 million dollars I believe.
Ghana have only received 600 million dollars from IMF so far.

vaxx:
what claim again do you want , when I show you an american university advertising Ghanaian university for an exchange program and besides this is also available in Nigeria too ,it is just that the USA prefer to comes here more .


And if you want to know the most of universities in theist of exchange program for university of Ghana across the world .

Check here

https://ipo.ug.edu.gh/partnership-and-exchanges

Ghana dumsor coming back from tomorrow or not? I thought Just40 said something like Government has taken care of it (if I'm not misquoting him)?

https://www.pulse.com.gh/news/local/dont-shut-down-over-dollar17-billion-debt-mahama-begs-ipps/ckg5079

Karnice600:
Now understand what I mean. Don't twist it to suit your sentiments.
Subsidies were like bandages on a broken arm; an arm marred by ridiculous policies and economics.
Now even if the bandage on a broken arm isn't the desired condition for anyone in such bad shape, you can't just take off those bandages when the arm is yet to be healed. That bandage wasn't something to boast about, yet it wasn't something to do without either at such moment. It was remedying a critical situation. Yes it was more of a remedy than a benefit. Removing it hastily rather than strategically is an insensitive move. Its gross incompetence.

What of education subsidy? Is that also a bandage or at least can you admit Government has benefited you however small?

Guyman01:
This increase in school fees that Obi promised to do the same will favour me and my family

Good. So no more tears from election loss.

stanbright:
Did you ask obi how?

This is how.

https://saharareporters.com/2011/05/12/erc-calls-governor-peter-obi-and-ansu-management-revert-old-fees

Kukutenla:
I don't understand you. Are you using Obi increasing Anambra state University fees in 2011 to justify increment in fees by all Universities in 2023?
Cause last I checked, LASU pays the highest fees among state Universities

I am saying it's same ideology.
Why are Obidients criticizing their own ideology except they have none and it's all about hero worship

airsaylongcome:
Right. Hats off to your acknowledgement that he made a wrong call. And yes he did change his position in 2015. But it would be argued that he changed that view because his party had gotten into power.

Again, I don't think (and haven't yet read) that PO is opposed to the removal of subsidy of Nigerian education. I'd be happy to read any recent comment he made that he is opposed to the removal of education subsidy.

If PO had won and had gone on this subsidy removal blitzkrieg, can you say that the current C-in-C (or even yourself) would have been in support of it?

PO in his Arise tv debate proposed that the private sector should be involved in funding education. Even Kalu Aja wrote a piece on it using MTN as an example.

Tinubu also in his colloqiums from 2015 advised the Buhari Government on several things the way he did in 2012 to Jonathan by writing an article to Jonathan on why he thought the subsidy removal was wrong. However, unlike the colloqiums advising Buhari, his advice to Jonathan then was also from the side of opposition and I agree.

If Obi did same thing I would not oppose it. Most of the policies in Obi and Tinubu's manifestos are things I agree with.

airsaylongcome:
Going by that analogy, what would be your take on the subsidy removal by the current C-in-C when 11 years ago he opposed it when he was not in government? Would you say he has gone against his 2012 "ideology"?

Yes. A goof on his side.

He probably made that mistake of thinking then it was all corruption and the Jonathan Government was making excuses.

In 2015 he had retracted and was advising the Buhari Government to remove subsidy.

PO in Anambra raised school fees and even in his recent debates (like Atiku) doesn't believe in Government subsidy for University education but alternate sources of funding.

Skyview01:
please, PO has nothing to do with this. PBAT will take the responsibilities for all his decisions. PO is not the president and I do not want to hear his name about any PBAT's policies.

If a Sowore supporter criticizes these policies, then I wouldn't say anything but an Atiku or Obi supporter criticizing capitalist reforms is a no no for me.

airsaylongcome:
Why do you guys always come with this "whataboutism" narrative. It's perfectly okay to support Jaga. But always attempting to gas light supporters of other candidates doesn't make sense for me.

It doesn't make sense for me, when someone supports an ideology but because he lost an election, he seems to have gone against same ideology. Except he has no ideology and it was just all about hero worship. This is Obi in 2011.

https://saharareporters.com/2011/05/12/erc-calls-governor-peter-obi-and-ansu-management-revert-old-fees

specialmati:
they went and followed touts and agberos that knows nothing about going to school to vote their tasks master. if i hear pin again na thunder go fire that person.no one should complain oooh

This is Obi in 2011.

https://saharareporters.com/2011/05/12/erc-calls-governor-peter-obi-and-ansu-management-revert-old-fees

Honestfrend:
If u want 2 be reasonable u have u count Obi out.. Face reality.

I hope u have young ones who will or already in school..

This is Obi in 2011.

https://saharareporters.com/2011/05/12/erc-calls-governor-peter-obi-and-ansu-management-revert-old-fees

JasonScoolari:
Use the proof and pay your school fees.

Y'all are just pained you lost election and have no ideology. If not you can't be opposing thesame capitalist principles your candidate is known for and what he campaigned on.

joeyswift:
Who has noticed that the level of insults on PO has drastically reduced. It is now that reality is dawning on them. Even agbado is now a luxury. The poor will not breathe.

This is your PO in 2011.

https://saharareporters.com/2011/05/12/erc-calls-governor-peter-obi-and-ansu-management-revert-old-fees

airliner:
So because obi said it you jumped into it without knowing how he's gonna go about it

This is even 2011 in Anambra.

ERC Calls On Governor Peter Obi And Ansu Management To Revert To The Old Fees
May 12, 2011
Hassan Taiwo Soweto & Chinedu Bosah
PRESS RELEASE
Anambra State Govt. Must Increase Funding Of Education Upto 26%
The Education Rights Campaign (ERC) condemns the Anambra state government and the university management of Anambra State University (ANSA) for increasing the school fees from N36,000 to N86,000 for non-medical students, N120,000 for medical students.

Anambra State Govt. Must Increase Funding Of Education Upto 26%
The Education Rights Campaign (ERC) condemns the Anambra state government and the university management of Anambra State University (ANSA) for increasing the school fees from N36,000 to N86,000 for non-medical students, N120,000 for medical students.

https://saharareporters.com/2011/05/12/erc-calls-governor-peter-obi-and-ansu-management-revert-old-fees

JasonScoolari:
I really don't know why they're crying oh...

In our WhatsApp group yesterday, one of the student that was crying and insulting our Tinubu was booted out of the group.

This increase in varsity fees will favour me and my family.

Even your Obi promised to do thesame thing. I can give you proof.

Karnice600:

You are crying about fuel subsidy removal today. Wasn't that a benefit?



How? Benefit bawo?
Show me one average Nigerian that is benefiting from subsidy removal currently.
You don't even know where the said funds are going. No clarity. You just believe as a believer that the government will favor you and your family.

The question is:

You implied Nigerian Government has never given you any benefit whatsoever and in thesame breadth you are crying that they have taken out fuel subsidy.

Isn't that a contradiction?

Karnice600:
Bross, abeg answer these 2 questions with the fear of God make thunder no fire you.

1. What have you ever benefited directly, from the Nigerian government as a citizen since you were born?

2. The supposed subsidy funds retrieved after its removal, where are they channelled?

You are crying about fuel subsidy removal today. Wasn't that a benefit?

Today some are saying Tinubu should not scrap education subsidy for Tertiary institutions. Wasn't that a benefit?

You can say the benefits are not enough but not that you haven't benefited at all.

JasonScoolari:
You are correct my dear.... According to Tinubu, "Na Bank of America statistics we go chop"

It's not by giving rubbish statistics. Tinubu himself is an accountant with Honours.

He was once a Treasurer at Mobil. So he probably understand statistics better than Obi.

Statistics nor be by to quote Bangladesh and China.

vaxx:
for now , Ghana petroleum price is gradually closing with Nigeria price . We have gotten the fuel price fallen almost every month

Cool.

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

I think at a point last week it was 841/$. Now it's 763/$ I believe.

Flets:
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.

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.

I was quoting 2021 data. Even your article says 2022 where export was less than import is rare.

The point is that we still export a lot and can easily have positive trade of balance. That's not new to us the way many think.

The only issue is that 80% of those exports are crude oil and gas.

If we devalue the naira and CBN continues to regulate or peg it with dollars, we are still subsidising forex even if we kill the black market by removing all restrictions. Because removing all restrictions automatically balloons the demand at the official window.

What we have done is float and then CBN buys and sells from time to time as a passive player.

My point is that there's only a thin line between devaluation and floating.

With both, what is crucial is supply of dollars. Even if we devalue, without supply of dollars, the centre would not hold.

Flets:
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

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

Flets:
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

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.

Flets:
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?

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.