₦airaland Forum

LagosOrigin:
I hope They keep him there forever

We won't miss him

This is the man that has plunged over 50 million Nigerians into poverty in less than 4years .

He's a terrible leader

This is the last time that tinubu will visit mecca as president

It was actually Buhari that ruined the country. That was what led to the Great Japa in the dying years of hia economic misrule.

Tinubu is fixing and it would be painful.

Okonjo Iweala, Lamido Sanusi and Charles Soludo have all praised the reforms. Nigerias credit rating has improved

Only a fool would want to intentionally make life difficult for his own people.

He has lots of faults but these reforms were to fix the econony.

Another will come in his second term which would be the removal of all electricity subsidies.

That means we shall all be moved to Band A ecentually.

The slimming down of the civil service will also be carried out and its restructuring for service delivery as well.

Commercializationl, privatization of state enterprisea and many projects carried out through private public partnership will abound.

I think the privatization of NNPC is for next year.

The only thing to me that the 33 governors guarantee is that Tinubu would get the minimum 25% of votes in at least 2/3rds of the states.

He got 28 states the last time and may do better in 2027.

No other aspirant got the required threshold in 2023. Atiku achieved 20 states while Petwr Obi came third with 16 states. I doubt any of the two would do any better this time.

What the man did is inexcusable and must be made to face to face the full wrath of the law.

Gotocourt:
Just like Chicken Republic, they use small Chicken which is soft and makes someone want to puke. Their Jos outlet will soon shut down despite opening three months ago.

Employees are thieves.

My inlaw was telling me of his aunty who worked for a supermarket chain some years back.

She always had lots of products such as tin milk, sugar and many otjer things at her place. She even used to dash them out.

No one could stitch 1 + 1 together that she was stealing them.

Supermarkets and fastfood restaurants need very good inventory control. Also, paying better salariea may help.

kestolove95:
Tinubu must not come back

He is, unfortunately for many.

The opposition is divided. That gave Tinubu the victory in 2023, and should do the same next year.

An Atiku Obi combination is the only one capable of booting him out. Even Atiku knows.

Were Atiku not on the ballot next year, Obi would be massacred at the polls.

A Man of God with long hair and tattoos! (Read 1 Cor 11:14, Romans 12:2)

Believeintruth:
Look the facf that it is managed by a central bank shows I am saying the same thing. At state govt level they can decide to invest funds in financial instruments through commercial banks, but for a sovereign country, it would be via rhe Central Bank. Bros stop being slow.

You have no inderstanding how sovereign wealth funds work.

You can not being saying the same thing if it is managed by the central bank.

State governments do not even use commercial banks to invest their funds! The fact you even mention state government is a pointer to how little you know about this issue.

Only a stupid state government would hand over suchassets to a commercial bank to manage for them.

Thinking that the federal government would use the central bank and that a state would use the state government just blows my mind. So, a local government would use a microfinance bank to manage its funds, and at the ward level, they wod use contribution or Esusu to manage it based on your thinking? Can you listen to yourself?

Instead of being humble and accept correction, you are here calling me slow. Even if you dont agree wirh ny views, be polite about it.

1 + 1 = 2 and resorting to insults wont make it 4.

And Obi was even talking at the federal level, so I dont even know why you turned to state gpvernment to hide your ignorance.

I am apolitical but people are right when they say his supporters are abusive.

Kobicove:
Pat Utomi is talking bunkum!

The best the Naira can do not to cause mayhem is $1- N1,000-N1,200.

Anything stronger could or would be asking for trouble in the long term.

Reference:
The bottom line is the failure of leadership (both of existing and proposed) to fashion out a proper roadmap as to how to get Nigeria working IN DETAIL, so that the people can lend a hand in driving towards that direction.

If you know where you are going it is easier to make the sacrifices to accomplish it.

Unfortunately this government asks you to make sacrifices they are unwilling to make themselves as individuals and as a government and their pathway to progress is as vague and as non committal as bird trying to fly in a thunderstorm.

The reason why a candidate can fly a N500 exchange rate is simply because the present government has not made any reasonable use of the DEVALUATION regime, the weaker naira to really drive an export led economy.

It has not invested a dime in the productive sector of the economy to drive goods and services that will use the weaker naira to create industries targeting goods it can sell abroad, particularly manufactured goods.

Tell me one industry this government has seeded in the past 3 years that is now earning foreign exchange fist over arm....none.

Visionary leadership will be saying to itself, 'you see that product, by the end of my term in office Nigeria should be supplying 70, 80, 90 percent to the the world's market...' and no one will be able to compete.... BECAUSE WE DEVALUED THE NAIRA BY 300, 400 percent, which very few countries can successfully do without devastating their economies and destroying themselves politically.

What is so painful about this regime is that it had all the aces lined up since 2023 but just cannot play its cards right. It simply cannot see beyond pecuniary interests to win this economic game.

A totally and thoroughly wasted effort. It is so devastating to think that all we have gained from this carnage are a few new roads, government salaries paid and students loaned money to acquire degrees....so sad.

First things first, the economy needs to stabilize after not just a massive devaluation, but also the removal of the fuel subsidy that existed for decades. The price of petrol jumped over 400%.

It is after the stabilization that one can begin to think of growth. The stabilization will take about 2-3years. There will be a lot of restructioning taking place.

I previously thought devaluation was enough to spur export growth, It took me time to realize differently.

What about things like cost of capital, constant power supply, roads and so on? A devaluation will assist low hanging fruits initially which are primary goods but it needs to rise to processed and manaufactured goods as you mentioned.
These things take time. However, things are heating up. Non-oil exports are actually rising fast, the floating of the currency and the central bank's determination to keep it weaker than it should be is bearing fruit.

The floating exposed something: the Naira had been overvalued for decades, or not as weak as it should have been.

Believeintruth:
Oga just zip that mouth of yours abeg.

I have no interest in arguing.

Read the attachment.

givedemwotowoto:
Is it true or just some mischevious misquote for propaganda by some blogger?

Pat Utomi is an economist.

I believe fight against corruption in the oil sector could bring down the price of Petrol by up to 50%

I also believe that investing trillions in the production sector could lower current prices by over 50% within the first 2 years in office.

But I'll hear from Pat Utomi directly if this isn't some misinformation by a blogger

How will the price of petrol drop by 50%? The price of petrol is influenced by the cost of crude oil. You can not divorce the price of a product from tbe price of its imput.

brain54:
:::




How is he gonna do it?


Is it by magic?


The era of making vague promises to win an election is over.


Tell us how you will do before we take you seriously.


:::

I wonder.

However, the Naira is much weaker than it should be.

I feel the primary reason may be for the nation to achieve its largest foreign reserves in history. I think its an achievement Tinubu wants to have.

The weaker a currency, the lower the demand for fx and viceversa.

In 2027, the CBN may allow tje Naira to strengthen. I see a rate of around $1- N1,100-1,200 eventually.

It just occurred to me why what Utomi's said may not be actualized.

Present day salaries would be unbearable for States and loval governments to carry under such a condition. Their federal allocation and IGR wont be enough to cover salaries.

This deflation will not only affect goods. It would expand to assets. Reduction in the price of assets discourage investments for obvious reason. If the price of the stocks or house you bought goes down in price, you may be think twice investing.

WorldRichest:
As Pat Utomi crashed and folded Volkswagen Nigeria

He did not.

By the time he came, the economy at the time was a lot like that of Buhari's. They were even rationing dollars.

I am from that era, so I know what I am saying.

Volkswagen was already ready to pack up and leave the country.

Believeintruth:
So the funds were domiciled with the central bank so I am saying the same thing.

You are not saying the same thing.

Believeintruth:
Try and be smart naaaa. Investing the funds is it not via an investment bank? Norway left their sovereign wealth fund in the bank is not? What will the bank do with the money is it not to invest it? You guys shouldn't be this slow naaaa

The money was not given to a conventional or investment bank to manage.

It is managd by an investment vehicle created by the Central Bank.

So, you are wrong.

Kukutente23:
Do your own research
He actually invested most of the funds in foreign stocks to the tune of $156m

Ok.

But do you know he cant win the next election?

I dont see how.

Even if there was a run off, it would be between Tinubu and Atiku.

Obi would do better working with Atiku. Atiku has strength in the North, while Obi in the Southeast.

As a duo together, they would achieve the 25% threshold of votes cast in two-thirds of the States.

It is this kind of shallow talk that make enlightened folk dismiss him.

Leaving money in the bank is a bad idea. The Naira has lost over 90% of its value over the past 2 decades.

Even leaving the money in forex wont be a good idea either. The interest paid on it isnt much.

Its best to invest in foreign stocks. You could even invest the money into Index Funds such as Vanguard.Funds.

NOETHNICITY:
The USA has already grabbed 55% ownership stake. Also, the Venezuela govt came out with a revelation that they get a meager $19 per barrel of crude when sold at a projected price of $65 dollars over 25 years period.

I want to know what you think about this

The contract will not hold.

I am certain that contract will not hold. Trumps days are up!

Either the Democrats impeaxh him after the midterm elections holding next week Tuesday or the Democratic president who wins the 2028 election overturn this blatantly unjust contract.

BlackViper:
It's a consulate to house America's embassy in Nigeria. How is this supposed to be a benefit for the South West?

There definitely will be huge benefits.

Their expetraite staff stay in N60m a year flats for instance. There are huge benefits.

The completed consulate would see a masdive rush of property developments into Eko Atlantic. Their presence would definitely attract massive investments into the estate breathe life into it..

LagosOrigin:
Always measuring dicks with south east because of envy for the region.

South east dey there own and minding there business , but tinubu and his agbero supporters will always want to measure dicks with the Igbos .. it is only insecure people behaves this way.

The real indigenes of Lagos don't measure dicks or achievement with the Igbos, it's the non-indigines that always see the Igbos as there biggest competitor.

When many of you write these things, It gives me cause to wonder.

Most Yorubas have much better things to do than think of Igbo land all day. If they heard there was big money to be made in Igbo land, they would flood the place.

The new consulate is not foreign investment. .I think the project began under Biden. I am surprised the xenophobic Trump is seeing that project.through.

NOETHNICITY:
How is this even moral? Where are the Nigerian Christians defending this clown in power? This is how they plan to liberate Iran by stealing it’s resources! He is not even hiding the fact that the whole agenda was to steal the resources of the people of Venezuela.

They can not get the crude oil for free. I am certain it is paid.for.

There is something missing. Perhaps they purchase it at huge discounts.

The term "free" might involve some barter arrangement.

ginggerxy:
This is all scam you should better know what is sustainable

Thats why its 6 months.

By then, the election would have passed.

For some reason, i sense Tinubu might have a poor showing in the FCT

Basic123:
You and that your so called Yoruba muslim girl are not intelligent

You Ibo demarket Peter OBI more with this your kid level gaslighting.

This is the basic problem with your comment: I am not Igbo but Yoruba.

To add salt to injury, I have never been to the Southeast. .

How you reached the conclusion that I am even a Peter Obi fan based on my post will keep me pondering fot centuries.

Many of you are tribalistic, and can see only in that lens, and that is what you projected yourself on me.

Rayjay45:
You speak of performance as though we no dey see the woeful one he has been delivering since 2023.

And don't come with that illiterate grassroot argument abeg. My people are not masochists who do not feel pain and know not where it's coming ftom.

If hunger and poverty no fit help you look beyond a failing fraud, then nothing will.

Tinubu will still get more than 50% of the votes in Yorubaland.

Though his reforms might have brought anguish, the devil you know is better than the angel you dont know.

If Yorubas were all well educated, Obi would win hands down, but they are not. The fervour foe him among the well edicated is strong.

I was in a bus about 4 weeks ago and there was this Yoruba Muslim girl beside me.

I said Tinubu is intslligent, and the way she looked at me, you would have thought she was looking at a madman. I laff when Igbos say "Yoruba Muslim."You can not use religion to differentiate Yoruba.

She eas a staunch supporter of Obi and despised Tinubu as she sees him as brazenly corrupt and a harbinger of the pain Nigerians were going through..

JuanDeDios:
US became the world power by mining minerals illegally around the word? And dumping cheap goods on countries?

Not true.

Please show evidence of this.

Jakumo:
Worldwide, it is ONLY the Chinese that have made a name for themselves as timber thieves and illegal miners who destroy precious forests, rivers, and farmland without a care in the world, while using the most insidiously poisonous chemicals known to man.

From Ghana, to the Congo, to Senegal and the Cameroons in Africa, to the Amazon jungles of South America, it is ALWAYS the phucking Chinese who are neck deep in ruination of the environment with the most toxic and long-lasting chemical effluent imaginable.

The Nigerian government should jail all Chinese nationals swarming into the country to destroy it for generations to come, rather than deporting them because they will always find a way to sneak back and continue their destructive ways.

Charity begins at home.

It is the poor standards they have back home they import into other countries when they emigrate to.

The so called rare earth minerals are not rare. They are toxic to extract and refine and are ruinous to the environment.

One can see why they dominate the industry..

LagosOrigin:
My fellow Nigerians , Yoruba people are now "woke".
The days of tribal voting in Yoruba land is gone

The rescue of our country from thieves and drug baron is now real and in full gear, Nigeria must be rescued and come 2027, We will take back dear country from thieves who has done nothing but to steal, kill and destroy our economy.

APC never again.

I will be honest with you, Tinubu will still win in Yoruba land.

Why? Only the well educated will vote Tinubu, and that includes your demonized Yorubs Muslims.

Most Yorubas do not fall under that well educated bracket, and these will most likely vote Tinubu. If they vote Obi, its because he has canvassed to them.

Peter Obi is not reaching out to grassroot Yorubas. He isnt campaigning to them.

In addition, not all well educated Yorubas will vote for him. Many like Tinubu based on his performance. They know about the corruption but like him based on performance.

Performance is why most Yorubas vote for Tinubu and nothing else.

The umemployment may be closer to 30%.

They change the metrics used to calculate the unemployment when it grew from 8% to over 30%.under Buhari.

The bars were set too low to hide the lamentable truth.

The umemployment may be closer to 30%.

They change the metrics used to calculate the unemployment when it grew from 8% to over 30%.under Buhari.

The bars were set too low to hide the truth.

MONEY247:
Forget sentiment.
Most northern girls are very beautiful. Rating them with girls from the southern part is just due to lack modern school balance. They are beautiful. They're loyal and very sincere when it comes to relationship.

Talk of those shua Arab skin tone. ....

Northern girls are worth looking at

What you have written makes no sense if there are no pictures available

happney65:
Wetin concern me with Poland in 1991.
I meant in the last 3 years. No country on planet earth its fuel pricing flew by over 700percent in the past 3years. 3years of the tinubu administration

Thats what I'm saying

Stop twisting your words.

If i wanted to find a country based on the past 3years, I would.

They look like South Indians with their dark skin. I wont be surprised if they are Tamil.

Whoecer told them to come to Nigeria did them one-chance