₦airaland Forum

Mistersolar:
educated illetrate,how bout u tell ur fraudulent president and legislative house of thieves to slow down personal embezzlement alone and den subsidy should remain...ijiat

How shuld subsidy remain simply because they have ended corruption? What you have just said is no different from,"if laborer stops getting drunk, he will become a rich man.

Educated illiterates such as Okonji-Iweala, Lamido Sanusi, Charles Soludo and international bodies have praised the removal of the fuel subsidy.

The subsidy was costing about 2% of GDP. It was the primary reason for the huge borrowing during Buhari's government, that bankrupted the country.

Oshiomole who frustrated OBJ's attempt to remove the subsidy started singing a different tune when he became governor. He supported Jonathan's removal of the subsidy in 2012.

Mistersolar:
how has ur life been since subsidy removal

Whether my life has gotten better or not is irrelevant. 1 + 1= 2, whether we like it or not.

If the fuel subsidy remained, the government would have resorted to ways and mean, which is the act of the central bank printing money to lend to the government. This would lead to high inflation rate and a depreciating naira.

Had the fuel subsidy removal remained, the Naira would collapse to N3,000 to a dollar by 2027.

[quote author=onuman post=138306393][/quote]The IMF policies did not impoverish the country. It was Babangidas reckless spending that impoverished the country.

He relied on ways and means, which is when the central bank prints money to lend to the government.

This leads to surplus cash in the system which leads to massive increases in inflation.

The excess cash is now chasing the same amount of dollars. That would lead to a massive depreciation of the Naira.

The better you implement IMF policies, the better it is for your economy amd vice-versa.

IMF policies are free market policies. That is what Okonji-Iweala, Charles Soludo, Lamido Sanusi and Patrick Utomi preach. They were the same policies that OBJ followed and left $20bn in the excess crude reserves, $60bn in the foreign reserves. He also reduced the country foreign debts from. $30bn to $5bn.

They were the same policies that Jonathan followed but not as strictly as OBJ.

Buhari turned his back on these policies and the economy collapsed.

He wanted to become a billionaire like his military predecessors who cashed out big time when they ruled, but his coup plot failed.

It would have destroyed the economy. The only way they claim legitimacy is by offering populist policies that would destroy the economy like bringing back fuel subsidies.

decatalyst:
Says who?

I heard of the story of a lawyer today.

He went to the station and started making noise because of his client. DPO asked him to be calm and stop constituting nuisance...alaye dey shout "i am a lawyer" until the DPO order a constable to lock him up.

To cut the story short, alaye sleep cell till the next day he was charged to court.

So, lawyer wey no use sense nah upgraded unruly civilian o.

Because one is a lawyer does not mean one should constitute a nuisance.

The purpose of a lawyer is to ensure his client gets justice and their rights not trampled on.

AsomughaChuks02:
Asaba doesn't do sit at home. Why will the traders want to go there and not observe monday sit at home but insist on observing it in Onitsha?

Delta Igbos don't see themselves as core Igbos. I know some would protest.

Do you know parts of Lagos were under the Benin empire centuries ago. Though Yoruba speaking, their loyalty is the Benin.

When the Ooni of Ife was in Lagos for a meeting some years back and the Oba of Lagos present, the latter gave him a rather cold handshake while sitting and the Ooni standing up. It showed where his loyalty lay.

Yes, these are Yoruba speaking people claiming they are descended from the Benin Empire and Yorubas are fine with it.

kettykin:
If you know the global supply chain that has been disrupted by this market closure you will be angry with both the traders and the Governor.


Again , what exactly is the Monday sit at home meant to achieve?


My secret fear is that Asaba will be the final beneficiary of this leadership failure

The real problem is the sit-at-home Monday.

This is simply a political sup to win over the Kano governor to APC.

The project isn't the most pressing need for the people of Kano. If the Emir of Kano, could criticise Gabduje for building needless bridges in the city, how much a train network. Every dime of the 1trillion would be borrowed.

chinchum:
Not true, the reverse is the case. There are over 30 million men than women.

Yes, there is a surplus of single men.

There is a shortage of eligible men.

Not every man is eligible.

This has led to a surplus of spinster. I think in China, once a woman hits 30years of age and is unmarried, getting a nan becomes hard. I think they are called in China, "Left over woman."

Kewtt:
What a wonderful world, what a legend

Man shortage is a problem in China.

simpleseyi:
.
Antonio Deinde Fernandez no be human, na spirit of money. Even Wikipedia fear am

He had insane amounts of wealth.
He was a mystery.

These are the old moneybags.

Another in is league was Fernandez who lived a very luxurious life.

Mariangeles:
Would you buy it at the price?

Picture source: Instagram

That's some really cheap plantain there!

Meektunz:
This is the man who spearheaded the coup against president Tinubu... It is really u fortunate for somebody to put his career in line because of a coup that he wasn't sure of succeeding.

Brigadier General Musa Abubakar Sadiq – Born 3 Jan 1974, from Nasarawa State, service number N/10321. Trained as a cadet between 1992-1997. Alleged to be the leader of the coup plot. He has previously been reported detained in Oct 2024 for alleged diversion of rice palliatives and sale of military equipment. He had postings including Commander 3 Brigade Kano and Garrison Commander 81 Division Lagos.

They wanted to become dollar billionaires like their seniors.

All they have to say is that petrol is now N200 per litre and there'll be jubilation everywhere.

It is then the country would really weep.

Wotowotoman:
Ogbeni your room must be very dirty 🤢🤮

Not so. I just don't like cockroaches. I developed that fear from my older sister.

Where is the fear of cockroaches?

I'm certain many here suffer from it.

When the room is pitch dark, and you hear a covkroach buzz by your ear, mehn, na die remain

DaddyJapan:
@Nigerians, my people, let's buy local!

Let's stop enriching and enabling a US administration that views us with contempt and treats us with derision.

Haven't learnt anything over the past 4 decades that "buy local" does not work?

An "export or perish" slogan works best.

All countries that have grown rich in last 100 years have done so by increasing exports.

omoredia:
Trump remains the greatest leader the world has ever since. When will our African leaders also put Africans first ?

Trump is a laughing stock.

No African leader should follow his disastrous steps.

DeltaBachelor:
Hmmmm. US Exports jumping. Okay o. When will our own Exports jump too, so that we can always have “Trade Surplus” . Abi them use deficit swear for us ?

Please read the article first.

It was only last year that the US had a trade surplus with Nigeria and it had more with the US purchasing less things from Nigeria.

This was probably due to Trump's protectionist policies

They thought they were going to be billionaires like those before them.

Not any more

Gboss247:
What was the global credit rating of Nigeria before the disaster called APC came to power?

The party APC nor PDP were the problem.

It was Buhari. It is about presidents.

His bad economic policies ruined the economy.

Okiemute101:
I live in Berlin, though my area wasnt affected but that shee*t was crazy... I'm just so amazed how light never went out for years here and why 9ja Govt. can't adopt same technology to keep light still in the country. That period of blackout here was like war

Nigerias issue is multifaceted.

First, electricity is subsidised. Because electricity is subsidised, there underinvestment by the Discos. Only Band A pays a cost reflective tariffs.

Secondly, transmission, the part which take the electricity from the Gencos to the Discos, does not have enough capacity to carry all the load

Let's say the country produces 8,000mw of power but the transmission can only carry 6,000mw.

Tinubu's gocernment is working hard to increase the capacity. Rumour has it that Tinubu is targeting 24hr power supply this year.

DrAkpa:
But their people are currently fighting against it.
Everyday na, deport them deport them slogans and demonstrations we dey hear.

It seems White people want to remain the majority.

There's no way the government will tinker with the policy and not look blatantly racist. It's a democracy so it has to work within the constitution.

The truth is that immigration is benefiting the country. Most White people already have White countries to go to.

Biodun556:
https://youtube.com/shorts/zVU3TiXtkOA?si=WrWXKz4euZ2fPLmM

Iran should stop wasting its time.

The US army is simply too powerful and they are far better when facing conventional armies in battle than insurgents who use guerilla tactics.

Also, the government does not have the support of its own citizens. Even its army only fight because they have to, and not because they want too. They gotta earn their wages.

The question for all is this: if the US wins the war, can they win the peace? Iraq comes to mind.

There's was a time only White people could emigrate to Australia.

The door is now wide open.

Dogalmighty17:
How will they bypass the security that surrounds the market? If IPOB loves Kanu so much, why didn't they go and barricade DSS headquarters where he was held? If they were serious and not just arrant noise makers, why are they still accepting naira in the Onitsha market? Let them ban the use of the naira in that market first and then we will reason their level of seriousness.

IPOB is threading on dangerous grounds here. The Chief law enforcement officer of the state has given a directive. Openly calling for his order to be defied is calling for an insurrection.

All those who try to defy the governor today will await a rude shock.

The police should be able to scare them.

Very strong security presence should be enough to scare them.

I just hope there won't be deaths if it passes Tuesday. IPOB may want to make statement through martyrs killed by security personnel.

The first Chinese firm on the list started at no. 21.

I doubt there were up to 10 Chinese companies. The US is the clear leader with at least 28 companies I identified as American. There were a few others that I suspect are Americans

America cornered 6 in the top 10.

heniford2:
You will think they travel is for common Nigerians not knowing its not so if you doubt me ask yourself this particular question upon all buhari traveling outside country, what international trade did he succeed to bring to Nigeria or benefit did he achieved since tinubu has been traveling which one has he achieved.🫣🫣😁🤣😂🤣 Na naija money ooh taxes payer money 💰 tinubu enjoy ohh na ur turn

Why not ask Google? Google AI is your friend

Th results were not too flattering if that would cheer you up.

The real wicked people are IPOB.

Let them end this nonsense. They are forcing themselves. Their leaders want to be enjoying themselves overseas while they put the Southeast on lockdown every Monday.

TheStoriesOfMan:
Cashing out as how? How many freelancers make $500?

Don't preach to me that I'm ignorant, because I handle data from freelance sites to train LLM's.

Bros leave that thing. Freelance is in it's sunset days.

AI has taken over bhai.

AI is taking over lots of work I must admit. I used to pay lots of cash I'm the past for services on Fiverr.

Nowadays, simpky using Deepseek or Chatgpt, it's free.

Things like article writing or advert copy are now free.

However, I need to master how to use AI to benefit from all aspects.

I still pay for website design, optin page design and so on.

To me, AI is still tech

TheStoriesOfMan:
Cashing out as how? How many freelancers make $500?

Don't preach to me that I'm ignorant, because I handle data from freelance sites to train LLM's.

Bros leave that thing. Freelance is in it's sunset days.

AI has taken over bhai.

Is AI not tech?

And you the greatest storm of all?

It's that Trump will not use frderal funds to bail out the affected States.