₦airaland Forum

Incognito9:
So you're saying it's not necessary to analyze the situation before taking the hard decision.

There is nothing to analyse. Even Nairalanders could tell them the effect of what they promised two years ago. They knew the effect on common man before they promised it. It's like amputating a rotten limb, nothing go sweet inside

LordAdam16:
I'm not talking about keeping subsidy, I'm talking about how it was removed.
We could have afforded a six months extension until he had worked out modalities to ease the deleterious effect of the policy.
From an operational standpoint, it was a boneheaded move. And if Obi had done the same thing, he would have caught flak from me.

Will not stay "a day longer" is pretty clear.

There is no method of amelioration to removing subsidy. What will they do? Share rice as palliatives?

If you want to take hard decisions, you do so on your first day in office and give the citizens 4 years to adjust to the new reality before the next election.

TrebleChamp:
Neither Obi nor Atiku would have removed subsidy on their first day in Office, they would have studied the situation and put proper measures in place before the removal. Tinubu guffed by announcing the removal of subsidy on his inauguration and the effect is now telling.

They said they would so we'll take that at face value

Nobody is unaware of the impact of subsidy removal. There is nothing to "study". It's a difficult pill for the countries citizens to swallow and they all knew they must swallow it and agreed to swallow it in their manifestos.

If I know the effects as a common observer, a Presidential candidate surely does before making such statements. The problem is politicians will never fail to make political capital out of a shared problem.

Ibime:
Fuel subsidy is the only Govt support Nigerians receive. People will die if they remove it. Fundamentally, fuel subsidy is inefficient, but in Nigeria's case, removal of subsidy will drag people from poverty to death.

Peter Obi is for subsidy removal by the way. Some niggas go cry if they have to pay N500 per litre. N400 is the current landing cost, add jara for profit

Ibime:
The crux of the matter. Fuel subsidy is the only social support Nigeria gives to its citizens.

Also the cost of transportation can make up to 50 to 80% of the cost of basic agricultural foods that poor Nigerians eat, reason why you can buy items in the North and Middle Belt for 1/3rd to 1/2 the price in the South. Whereas cost of transportation will be like 5% of the input cost in the Western world where cost of labour is the big input cost. So the inflationary effect on Nigerians will be dire, hence economic models that say subsidies are inefficient are applicable to the Western world but as far as Nigeria, it will lead to unimaginable suffering and social turmoil if subsidy is lifted.

LordAdam16:
Neither Atiku nor Obi would have removed subsidy on Day 1.
Heck, the refineries that Atiku had zeroed in to offload would not have been sold on Day 1.

How can you remove subsidy before appointing a substantive Minister of Petroleum?
Float the naira without a CBN governor?

The entire "what would X have done differently" does not hold water because how the other candidates would have implemented the policy is a complete hypothetical.
The Mr complained about Buhari and Emefiele's abrupt currency change policy.
Then did the exact same thing TWICE.

-Lord

'I can assure you it will go immediately, I will not allow it to stay a day longer"

Do we need dictionary to interpret that statement?

I don't think anyone will want to remove subsidy. It's not a binary decision. Any commitment to keep subsidy comes with a silent "if we can afford it". You can't eat your cake and have it.

With a backlog of unsettled $7bln FX transactions to local lenders and God knows how many billions to foreign companies such as aviation companies which haven't been settled for 2 years plus, all candidates could guess what was affordable and what was not and made their policies. Selling refineries which are moribund and will be for a while have no correlation to subsidy. Nigerian refineries (certainly PH) were working when Abacha started subsidy.

Ballzproblem2:
Jorginho 🇮🇹 obtained his UEFA B coaching license 🪪 after having notably coached the Arsenal U14s! Holders of such a license can coach amateur clubs, youth teams up to 16 years old and be assistants to professional clubs.👔



what's he gonna teach them? how to play back passes?

He would make a good coach. He has positional sense, he is just severely lacking in speed and ability to turn out from an opponent. That positional sense is all you need for coaching

popizaino:
Sign that a person is'nt normal is criticising France 🇫🇷 in the management of this francophone countries.

Some simply aren't

TrebleChamp:
They are finding their voice now, be like the shege no spear even the elite...

https://www.nairaland.com/7996171/tinubus-abrupt-subsidy-removal-caused

Abrupt subsidy removal was a policy strategy of all 3 candidates regardless of lamba they spin now

Khayceeofficial:
Just watched a 5 minute compilation of kante's game in that super cup final versus Liverpool


Kante's technical ability was underrated.
People focused too much on his energy on the pitch but that dudes touch on the ball is way better than 99% of epl midfielders today

Kantes half turn is undefeated

Nigerians should all concern themselves with the state of their foreign reserves.

There is no number more important to Nigerians than the number that tells them about their Governments ability to defend the Naira. This alone controls inflation.

The detailing of the rising cost of living over the last 5 pages was inevitable. And it will only get worse and worse.

I cannot forget the words of Sanusi many months ago when the state of our reserves started becoming plain

“I can only plead with the people to endure the hardship, and those who have the means to help the downtrodden should do so."

Benefits of French CFA while Nigeria battles inflation back to back.

Even Mali, Burkina Faso and Niger are protected by French CFA

Who can articulate the event that caused inflation spike in Francophone countries in 1994?

Amigoss:
The man no get SIdechicks?

I wonder the expenses of a polygamous men these days

Flint na pious man

Theflint1:
600K is a lot of money, but it's not so much really.

TYPICAL MONTHLY EXPENSE FOR A FAMILY OF FOUR ( BOTH KIDS ABOVE 3 YEARS)
NEPA + Fuel for house - 30K
Rent per month (2 bedroom flat) - 65K
Fuel for the family car - 60K
Feeding for family, including base food the kids take to school - 120K
Snacks for kids to school - 16K
Toiletries - 10K
School fees for both kids per month - 50K
Black tax - 15K
Clothing allowance for the family - 20K
DSTV Compact - 14K
Data for family - 20K
House bills - 5K
Car maintenance per month - 10K
Offering - 5K
Miscellaneous - 40K

TOTAL - 480K

I might be forgetting a thing or two, but in my opinion, this should be about monthly expenses for a lower-middle to a proper middle-class family, especially in Lagos (mainlands of mainland ).

What is black tax?

OasisX:
I guess na error.

Stop bringing fake news here!!! 👎🏽👎🏽👎🏽

If Peseiro can gift me his daughter, I will join Timbros in shouting ROHR OUT

Itsrm:
The report says 100,000 metric tonnes. Will go a long way if true but I suspect its audio as usual.

Actually I'm checking the screenshot again and it only says 100. That can fit in 4 containers

Itsrm:
The report says 100,000 metric tonnes. Will go a long way if true but I suspect its audio as usual.

I see, my error

Segedinho:
the actual point is we believe ther is nothing in d reserve.

In Fela's voice...double wahala 4 dead body

Well, relative to the size of population, there isn't

Political parties distribute more than this in a single LGA at election time

Segedinho:
Believe is systematic..

There must be an agreement b4 we start to think of the next move......

The point is 100,000 people is 0.05% of the population

Segedinho:
Do you believe we really have this ......?

The question is not whether we have

The question is how many people can 100 tonnes. (100,000 kilos) feed

I say 100,000 people for one day

raumdeuter:
Na so dem wan less this competition and turn am to Copa America?

This is AFCON 2023 we are playing now. They pushed it back from summer because of heat. They can only play summer in Southern Africa, which is their winter

Unlimited22:
So ná animals full PH? Never knew

I no want insult Biafrans, I be gentleman

So I changed the joke from the original - just because a dog is born in a stable, doesn't make it a horse

liveLongNprospa:
What was going through your mind at this point?

At that point I was like Jesu!

Immediately after that, I was like, why did Nwabali spill the ball there?

Then I started reasoning how the South Africans were first to the rebound with hardly any Nigerians in sight

Then my church mind spoke to me and said, "Son, if Nigerians commit 7 men to the wall, they will only have 3 men left to the chase the rebound against 6 or 7 South Africans, so it is statistically likely that South Africans will be first to the rebound".

Then I said to my brain "you have sense", while swallowing a HBP pill to calm my nerves.

I didn't see anything in that video about Nigeria except the editors dubious tag. Nigeria does not even play rugby like that

I would wager this is South Africa mocking themselves as they have been having rolling blackouts for the first time ever since last year

Unlimited22:
I was born in Port Harcourt 😛😛😛😛

Because Jesus was born in a manger doesn't make him a donkey

emmyluizzz:
surprise im still alive?...you will remain a fo*ol for the rest of your life.... including your children thats if you will have any

Cool down. Person no fit play with you again

Ballzproblem2:
nwabali was born in rivers State,that means he is from Rivers State.


same with me but I be immigrant 😂 @ibeme @ibime.

Nwabali is a Rivers man, you are not

larride:
Oshimen will play. Onuachu cant play that pattern we were currently playing with Oshimen.

He better play. But if he is unwell, it won't surprise me if Peseiro pick Onuachu over Moffi

BlueMann:
What is this I'm hearing about Osimhen Omo I don't care if he has Inflammatory bowel disease, he must play tomorrow

Fear of Onuachu is the beginning of wisdom

GloriousGbola:
@ibime, thoughts on killer mikes 3 grammy win?

Where did he come from to do that? I haven't seen any of his song recently

DeadPresidents:
If and when i transition into management, will adopt the "professional look". As an independent contributor, I’d be looked at with strange eyes if I show up to the office in a suit and tie unlike you finance jocks

This ain't about work. It's about style. You done pass rocking ice and earrings

Appleyard:
Tell me, where is Ukraine in the EU? Duda is just a prime example.

Show me where Duda called for the balkanisation of Ukraine, you retard.