₦airaland Forum

Ofunaofu:
Not really

Rather you are one of the paid trolls who operates as a bot the op was referring to

You just made another unfounded claim

Ofunaofu:
Unfunded claims and undeserved praises

So this thread is a propaganda!

And acknowledging a leader for taking decisive decision is not underserved.

The "isokos" a minority tribe in Delta state are currently concerned that Tinubu didn't hire more Northerners to head the nation's security architecture.

Despite the fact that Northerners and southerners share equal number in the appointment made.

God is wonderful.

Ofunaofu:
Dishing out propaganda has always been the stock in trade of Tinubu.

Which is the propaganda?

The unfunded claims or the deserve praises

alanto:
Jonathan had his government how he wanted Yoruba didn't complain, they tried to reason with him he called their bluff and they moved on ever since, you guys cheered him on because it favors y'all than others, Buhari came and you wanted to complain that's hypocrisy something SW'ners are not known for.
We have said it repeatedly that there's nothing Asiwaju can do to please the SE people, they'll still look for one tiny space to complain.
Chief Of Naval staff I will assume is a big position until you guys are trying to rubbish it just to make Asiwaju bad. He has appointed Yoruba as IGP, Northern Christian as Chief Of Defence and Igbo has Chief Of Naval staff but No if he can't make you his wife, his cook, his PA, his doctor and personal lord and savior you won't..... Matter of fact if he had done all these you still won't be please with him.

If Tinubu had appointed all Igbos, they will have said that he is doing it to cover his tracks.

They will have said he is using it to bribe Igbos for their stolen Mandate.

If he had appointed all Northerners, they will have said that the "cabals" are still in charge and that Tinubu is just a figurehead.

Currently, they are angry on behalf of the north that Tinubu didn't hire more Northerners and angry he didn't hire more Igbos.

Honestly, you can't please those who hate you for no reason.

Comisce:
So just 1 Igbo and one South South

No, he should have employed two Igbos and one Yoruba.

How come signal is this poor.

2 0 to Nigeria

Super sport don dey show us golf

Nigeriagood:
Haaaaaaaaa
Oshimen is injured and asks for substitution

Stop spreading lies

Any channel showing this?

baralatie:
Define the wstage first?

Money used to defend the Naira at 420 naira to the benefit of the few.

Flets:
Until Nigeria significantly reduces its fx demands through functional refineries and improved manufacturing/ exports…….. this floating policy is bound to fail.

Investors will be happy, the system will be explored and messed. Nigeria will happen to it, it ain’t sustainable

Nigeria has continued to import fuel even when we didn't float our currency, so what exactly changed.

Floating our currency together with removal of subsidy will eliminate wastage and corruption and Nigerians will know exactly how much fuel we actually consume.

It will also encourage private investment and equity in the petroleum sector.

Flets:
It’s not that simple. Foreign exchange is not something you fix in your room and expect the world to abide by. Nigeria must have a product or service to offer the globe in exchange for the FX. None of that has changed and our export volumes are stagnant.

What is Nigeria’s balance of trade to the point of floating fx?, I am not saying that the gap between CBN rate and parallel market market should be left as is … definitely, efforts should be made to bridge the gap through devaluation, more USD supply and relaxing some of the fx transaction restrictions

For Nigeria to conveniently float the rates, we must get our balance of trades rights. Until then, the CBN must have some control over the rates. The parallel market is sustained by real fx demands which you can’t wish away.

I will quote you in 2 months when USD exchanges for 1000 naira

Bruv I am a trained economist.

No matter how we change our foreign exchange, Nigeria as a country cannot reduce or increase the level of trading volume because of our GDP.

What we have been doing for the past eight years is to decieve ourselves that we can somehow control our level of importation by simply manipulating our currency. I.e
we have continue to import rice and ordinary tooth picks. However, what it does is to discourage investment and encourage a dollar black market that is not controlled by any authority.

We can only improve our GDP by increase investment in human resources, capital availability, infrastructural development etc, not by manipulating our exchange rate.


Whatever primary school economist that told Buhari to simply manipulate one variable(exchange rate) and expect that we will simply stop our dependant on importation of goods led the Naira to crash from 140 to 800 naira and left us with the debt of over $50bn.

The person also made some people really rich at the expense of Nigerians without solving any problems.

Flets:
Forces of demand and supply will drive USD to 1500. We don’t earn enough fx for an import driven nation. Manufacturing is non-existent and we have very low exports. Our balance of trade is deficit. Textbook policies will not suffice here.

If I might ask, at what rate with CBN sell FX? Who will fix that rate or how will that rate be determined? If CBN will revert to market rate, then they will only be playing catch up with banks and speculators.

As long as Nigerians need Form A, M etc to buy USD from the banks, then it’s business as usual

Where exactly will this demand for dollars come from to crash the Dollars?

You mean Nigerians will simply become richer than ever to Begin to buy dollars more than before?


Bruv, just like the Artificial demand for fuel because of subsidy, there's also an artificial demand for Dollars because it's subsidize by CBN at the expenses of developmental funds.

When the dollars is floated like it's before the advent of Buhari, we will realize why the Dollars went from 140 under Jonathan to 800 Naira under Buhari in 8years.

There's no way a floated currency drop that much when Nigeria is not being sanctioned by western powers or going through a war.

Flets:
Tinubu’s policies are utterly reckless. Mumu Nigerians hail textbook policies that don’t apply directly.

With limited supply of FX, floating the exchange rate means banks and speculators will determine the rates while CBN plays catch up. I project USD will hit 1000 naira in one month.

Fuel subsidy removal only frees up money for looting by the political vultures. Tinubu cannot stop the criminals that supported him to power. If in doubt, point me to the savings from diesel and kerosene subsidy stoppage.

As for stopping the funding for tertiary institutions and instituting student loans, it only means the poor cannot access tertiary education again. Forget the loan, the bureaucratic bottlenecks will ensure the average youth cannot access it.

Nigerians deserve all they get cos they can’t think.

Floating the exchange rate will bring competition and reduce inefficiency in the system.

Not floating the rate actually encourages corruption and gives speculators the opportunity to determine the exchange rate, while floating it means everyone can access the Dollars in a open market system operated by CBN.


Prices will be determined by forces of demand and supply.

mrvitalis:
Go and buy fuel now... Buy as much as you can safely store.... Fuel it's about to hit 850 minimum

The goverment cannot remove subsidy without doing this.

It's not possible.

001Lagos:
Policy somersault

I said it that Tinubu initial gragra will clear from his eyes .

All the nonentities hailing him should get ready to buy bag of rice for N60k

Why?

NNPC is now a private company, they can't issue license on behalf of the goverment.

When is Masari AFGA?


I have always maintained that CPC were Buhari and his close friends.

Frigga13:
Make dem first yorubanise Lagos and Yoruba land

Forget this noise ..

Balls is all..

Some tribes ain’t got it.. and need support from masters

When they throw their masters .. on what balls will they ride ?


Ibb is snoring already.

Shame suppose dey catch you small small now

Abi are you not the one that claim Some northern elites told you a Nairaland troll that Tinubu will never be president.

Watin come happen? The Northern elites repent

Yep! in full force

Abia, Enugu etc will soon get Yoruba names

Every one in Nigeria will be forced to bear Yoruba names and have Yoruba tribal marks.

Nnmdi Kanu will be renamed Baba Suwe 2

Eze tittle will be revoked and named Bale

Oni will be named the king of Nigeria

Buckle up bro, Tinubu agenda all along is to Yorubanize Nigeria not islamise Nigeria.

kettykin:
Face your fears and stop looking for escapists

isn't your brother the one that is scared on Tinubu's behalf?

When Kemi Adeosun had the certificate saga! Guess who celebrated the most?

When Fowler was sacked by Buhari from FIRS, guess who celebrated the most

Oh we remembered how the "mere commissioner" was blamed for the Killing of Christians in Nigeria by certain Angels in the East, even though he had no power to do anything.

Remember the minister of darkness responsible for the power problems of Nigeria since 1960 even though he only served as minister of power for 4 years as against Emiefle that supervised the worst period in Nigerian central bank history for 10years.

Hypocrisy !

Ofunaofu:
I am not here to argue with you whether it is necessary to remove it or not

Rather, to remind you that the same reason Tinubu rejected subsidy removal during Goodluck Jonathan regime is the same reason Nigerians are rejecting subsidy removal today. Simple

Tinubu said to Jonathan that he has destroyed the social contract with the Nigerian people by removing subsidy

Today, Nigerians are telling to Tinubu that he has destroyed the social contract he has with the people when he launched his renewed hope manifesto

Nigerians rejected subsidy removal during Jonathan era not just Tinubu but every political actor of goodwill knows that Nigeria can no longer bear the cost of subsidy today.

From Tinubu to Obi to ATIKU knows subsidy must go and they all campaiged based on its removal.


So what is the difference if Tinubu won and followed through on his promise?

Ofunaofu:
This has also create an opportunity for others to play their oppositions to Tinubu government against this thoughtless subsidy removal

Subsidy removal at this point is necessary because Nigeria has borrowed to the extent that nearly 70% of our annual budget is going to finance our debt.

Nigeria might default on some loans soon and the crises will be worst than the crises subsidy removal will generate.

Ofunaofu:
But it is on record that Tinubu sponsored protests against subsidy removal during Goodluck Jonathan regime. We all remembered the Occupy Nigeria protests all over Nigeria and Ojota in January 2012

So what has changed?

Tinubu didn't sponsor anything. He simply used the opportunity provided by the platform to play opposition to the Jonathan goverment.

The platform was not created by him but by the people who are now set to fight him.

Ofunaofu:
So the government cannot provide this palliatives first, increase minimum wage and ensure that it is implemented before engaging in this thoughtless subsidy removal.

it's important that the goverment shock the crooks in the system Making money from the subsidy because they have often outsmarted the goverment in past, they will simply quickly take positions to frustrate the removal.

It's the reason Obasanjo, Yaradua, Jonathan and Buhari couldn't remove the subsidy.

A wise man once said, you can't continue to do the same things and expect a different result.

successmatters:
Those fight pictures dey make me laugh, how that young man picked up the other man who probably hasn't eaten in two day and built an upstairs foe him, then landed him on the floor without minding that he's an APC hochin

What makes you think those fighting didn't vote for PDP or Labor party?

Monsignor22:
Trying to use the SE and LP to deflect your criminal drug-Lord and his criminal govt from their patent failures already? Lol..we're not the ones fighting gidigbo on the streets like savages over fuel, that's a badge of honor for your brothers in the SW. Focus on your APC crisis and leave the SE alone, we're more focused on the project of developing and fusing together our region with the new governors and legislators.

https://www.nairaland.com/7710644/serious-fights-erupt-filling-stations

This was when there was scarcity in the first few days not now.

There's no more scarcity now, just the adjusted new prices.

NLC should be asking for palliatives not returning back to the status quo.

Returning to the status quo is only beneficial to oil markers at the expense of bankrupting Nigeria.

NLC should be asking for Palliatives inform of subsidized public transportation and higher minimum wage etc.

solmusdesigns:
True.. especially busses and coach with multiple seats

Yes that will reduce about 50% of the burden of subsidy removal on the poor.


The other 50% is the epileptic Power supply.

Naijayouth:
Very true
But I can only ask my self how!
With the type of leadership we have in Nigeria.

first of all, Government can easily subsidize public transportation because some state governments were offering free public transportation during Election period. So it can be done.

State government will be given special allocation by the federal government to the tune of 1 to 2 bn to subsidize public transportation depending on the revenue sharing formula.

Secondly, government can easily raise minimum wage.

Thirdly, goverment will encourage state governments to invest in independent Power generation to help cover up the Power generation shortage in their states under the new regulatory regime signed by Buhari before he left office.

Note that only poor people will benefit from all these new form of subsidy and it will be cheaper and productive.