₦airaland Forum

Truth be told first lady disrespected the office of the governor, but govor self, you too over do, there should be moderation in your doings. Must you try to steal the show in every occasion you attend?

grandstar:
Wake up!

Whether mere assumption or not, the Naira would not fare well. It will destroy the Naira as the only way the subsidy can be financed is through ways and means. What is ways and means?

Most of you don't know the first thing about economics and you still won't educate yourself.

In most countries where oil subsidies exist, it is adversely affecting them. In Egypt, Libya, Algeria, and Angola, it is showing them shege.

The oil rich Gulf states such as the Qatar, the UAE, Kuwait and Saudi, they are still able to afford it because they have small populations but produce massive amounts of crude oil. However, they want to get rid of it.

Iran and Iraq are being battered by the subsidies. There's massive smuggling of fuel outside to sell to neighbouring countries. In Venezuela, there's also smuggling. The subsidy is one of the reasons that Venezuela is bankrupt today and a failed state.

To sell petrol at a subsidized price, the government has to reduce the price, and leads to reduced revenue. So, let's say it cost N400 per litre to produce petrol, and they sell it for N200. that means the government is losing N200/litre. Let us say the country uses 40m litres daily, it would lose N8Bn daily, or there would be a shortage of 8Bn daily. In a year, that would be almost 3 trillion.

Government says it does not want to lose that money again. Why do you think the governors like Tinubu? It is because with the subsidy gone, the money they are collecting has shot up. The "shortage" is now entering the state coffers.

Also, with tjhe devaluation of the Naira, this has also increased their revenue.

Lets say $1bn is shared monthly, at $1-N600, that is N600Bn. At $1-N1,500, that is 1.5trillion. You can see why the governors like him?

The problem with those refineries is worse than corruption. It is people like you.

Global best practice would have been to sell the refineries as they are and not to repair them. If they are sold, government no longer has to waste money on them. When OBJ sold the refineries in 2007, there was an outcry. Yaradua now took them back. NLC at one point claims that $14bn has been spent on repairing them since. If they had remained sold, $1 would not have been wasted on them.

That is why economists urge the privatisation of state-owned enterprises. They are cesspools of corruption and inefficiency worldwide, especially in poor countries. The year before the Argentine telecoms company was privatized, it received the largest subvention from the government. The year after it was privatized, it was the largest taxpayer to the treasury

There will always be excuses for failures, the country is where it is because of people like you who claim to know it all, yet when asked to take the lead they find whom to blame. What happened to the many corruption cases of subsidy paid for petroleum products that were never imported? Open your eyes subsidy was never the issue, corruption was and still remain the main issue. Countries like USA, Germany, France, still indirectly subsidies petroleum products by offering tax incentives both in production and exploration of petroleum products.
If you like write Wikipedia epistles, corruption remains Nigeria biggest issue, everybody wants to grab its own share if the national cake. Every other thing is secondary, know this and know peace.

grandstar:
Had the subsidy not been removed, the Naira would be $1- N2,500 or even 3,000. The government would simply have resorted to ways and means to maintain the subsidy.

If you think $1-N3,000 is good, then they should bring back the subsidy.

That's one of the benefits of the subsidy removal.

These are mere assumptions, the funny thing was that there was still corruption in the subsidy scheme. Subsidy was and will remain a good thing, the corruption inside it was the issue. The government would have fought the corruption. And just to let you know I'm not talking about the government backing the naira, I'm talking about petrol subsidy.

If Nigeria major issue is not corruption, how then billions are being budgeted and spent on our 3 refineries yearly and currently NONE is working? From OBJ - Tinubu each administration spent billion of naira on those dead horses how come they are still not working? Na subsidy cause am?

grandstar:
Many of you are blaming corruption.

Interestingly, what brought Nigerian where it is today was Buhari, a man whose prime reason for his election was to fight corruption to a standstill.

Instead, he ended up not only worsening corruption, but destroying the economy. 8 wasted years under Buhari.

That should be a warning: what kills a country the most are bad policies like the type Buhari promoted such as his refusal to end petrol subsidies, and the introduction of rigid exchanges rates that were out of sync with market realities.

He wanted to be a populist, but ended up totally destroying the economy.

Bad policies do far greater damage than corruption.

What good has the removal of subsidy brought to the average Nigerian? Even with subsidy removal Nigeria still remain a bambiala begi begi nation for loans, what are the positive effects of the subsidy removal so far? Yes Buhari promised to fight corruption but did he? Nigeria's biggest issue remains CORRUPTION.

I think it is the other way round. Most broke graduates always envy the rich folks who didn't went to the university.

And point of correction not being a graduate doesn't translates to being an illiterate. Illiteracy has nothing to do with being a graduate or not, illiteracy != Non graduate.

Waiting for your nairaland honest review post too, since you recently learned how to post on nairaland even though you signed up since 2023.

Haven't watched porn for over 15 years, so I will comfortably score 10+ if not 15

See them blaming it on Nigeria's population size. What stops the government from harnessing the power of the so called population size? Corruption and sentiments are Nigeria's greatest issue, and the country is doomed if there are no strong fights against corruption.

What nonsense is this? Moniepoint, Opay, etc that owns these terminals are already registered business, the operators themselves registered with these payments providers using their BVN, and NIN, what's the problem of CAC here? How I wish the PoS agents could all come together nationwide and resist this with a strong protest.

Register this, register that, of what use is the CAC registration in the first place
when criminals even register their criminal business with CAC? Very any how country.

advanceDNA:
this is another deception from you Muslims.....ur Islamic court permits killing someone for offending you roght??
So what's the difference?? When the killing happen without the courts and you all don't arrest the perpetrators.....
When Deborah was killed many of you faulted her for committing blasphemy.....without trial you all suddenly agreed saying blood of Jesus on a Whatsapp chat is blasphemy...but you want to come here and hide under court when deep down you support her death.m

because if you dont......how many pple do you arrest when these so called blasphemy killings happen?? because when a mob does jungle justice .nigerian police arrest pple because it's wrong...

..u don't arrest anyone...because deep down you muslims support it........u all accept it ....u have these laws to force the public into fear of your religion...the same Bokoharam is doing ..


U complain of generalizing...be truthful for once...can u begin to quantify the amount of deaths and violence cause by the few Muslims in the name of allah
This is not few anymore.....more than half of you are radicals indoctrinated see pple who are not Muslims as Kufir or enemies of allah

Taqiyaa is not a global Muslims strategy.??..but u don't deny its an islamic practice.....
U claim it's not a global ...yet its what y'all are doing all over Europe. .....pretend u need immigration...always running to developed non Muslims democratic nations ....u don't run to Saudi, or Dubai, or Kuwait, or Oman or even sokoto in Nigeria...

..u leave Afghanistan, Syria, where u claim extreme Islam is troubling you.....then you start calling and agitating for the same extreme Islam practice in the national that accepted you...sir..u lie...Taqiyya is a global deceptive practice...



You lie sir.... Main stream...?? Please list who these main stream are...?? because it doesn't include any of you everyday Muslims...Ur emirs, imams, Islamic leaders and Muslim senators in the north all defend these bokoharam, calling them freedom fighter and not terrorist....your former president Buharí..openly said attack on Bokoharam is an attack against Islam and the north...

But u come here quoting non-existing main stream scholars....

Sir...all your scholars do is go online to pull down Christianity,....calling other pples faith and religious books corrupted....you all never condemn the so called extreme amongst you...



..your govt of full of Muslims, who are jihad apologist, supporters of Bokoharam who call them freedom fighters .....but you want to blame us the victims...?? Shame on your sir...

You Muslims hide behind those Bokoharam and ISWAP your call your freedom fighters to fight the lesser jihad on your behalf ...waiting for them to take over democratic resident govt, like you prophet did in mecca, like the Islamic revolution did in Iran.....
..u pretend like they are not a part of you... But when they succeed and turn a nation to Afghanistan, Iran, and the likes...y'all will come and shout Allah Akbar........sir...your are a hypocrite....we know about all your deception call taqiyya....and it's a global Muslims strategy

Bar man 100 crates of chilled Heineken, and 5 big pots of Nkwobi for this guy. That religion is a cancer to the world.

It created a trademark of violence and religious extremist, as such adding region of peace to it was more about rebranding, than anything else. But just as we know a leopard never changes it's spots.

egwajoe:
I have Students under Me Learning and Earning. and I have Shown you Evidence. and changing lives.
You whose Life have you Changed?
Hungry Boy Seeking for Urgent 2K Naira. Show Me results let me see, I have shown you Mine!!!

Funny information marketer, you change their lives by milking them of their hard earned money, and dump AI generated ebooks to them. Only the gullible folks can fall for a hungry lion like you. Bragging about $12 earnings on a faceless online forum tells a lot about how low your mentality is. Hungry Information marketers, never always have fake testimonies to lure more gullible victims. You are still new and have a lot to learn.

[quote author=egwajoe post=137722794][/quote]You forgot to edit the "If I pay for the course" hungry information marketer, with old tactics. Fly loss jare. Given you numerous and dry make money threads, you should be competing with Dangote for Africa richest man by now.

Do people still fall this?

That's heart warming. perfect description of the popular saying "in every disability, there is an ability" may the good side of Nigeria happen to us all.

He remains the gold standard of zombiesm.

Coupy December, make them shift far oh, we don't need coup here oh!!! I stand firmly with democracy.

Yes a man can rape his wife, marrying her does NOT give you the man automatic sexual consent on her. Your marrying her doesn't translates to her being your sex machine, sexual consent is a must.

Finally Nigeria a country of concern is not on a bad top ten list. Ogbeni bar man bring some chilled stout and Nkwobi let's celebrate Nigeria and welcome Liverpool fans to the frustrated EPL teams fanbase

egwajoe:
My Friend Please go and Complete your Education, You have a Long way to go, with this you Mentality. Hypocrite.

See hungry information marketer, from making millions in crypto, telegram, Facebook monetisation, free recharge, card, blabla, and now Amazon. Can't you see you lack focus and direction humping from one shiny object to another without making a dime? I pity those gullible folks who fall for low efforts information marketers with no innovation like yourself.

See who is talking about education and having a lot to learn. With your over 80 miserable information marketing threads littered all over the forum, you still couldn't learn that you lack innovation, and direction. Continue polluting the forums with your useless posts, while your mates are cashing out in same biz where you failed miserably.

ArcSEMPECJ:
There is a big deal.....US may crash their Jets but they produce most of it in their country but Naija own, Senate will seat on it, raise budgets and pad it before it can be replaced with an old one as usual ....

Am just trying to help you finish the comparison anyway...

If those who produced it themselves could crash it, were you expecting those who bought it as an I better pass my object not to crash it? A country of concern for that matter oh!! No na.

No big deal the almighty US is still crashing fighter jets till date, let alone our country of concern. But they should make sure they crash those terrorists too.

egwajoe:
I Believe You Have. Issues With Comprehension. ( Understanding).
Don't You See FREE OFFER?

Na so free offer, empowerment officer of our time, see your wide mouth like free offer. This format don cast, DM me make I give you new format for free Oga free offer.

Give it to CCNA, Cisco packet tracer, made learning networking fun and very practical. From creating subnets, configuring routers, DHCP servers and switches, IP routes, default gateways and lots of others. Cisco too much.

Parasitic north, na to create Sharia law and terrorists dem sabi.

Ogbeni tell them how much you are selling your ebook instead of writing a dictionary. ABI you want collect their emails and give them second billing?

Angelfrost:
Liverpool fans dey complain, Man United fans wan put mouth too?!!

Have you lost 80% of your games this season?!!

You United fans are unrealistic and funny... You want to jump from relegation to Top 3 within one year. With what team?!!

Same relegation bound team gave you serious beating even at their down time, and here you are loosing a 2 goal lead to another relegation bound team. See serious Liverpool fan that wants to jump from defending champions to relegation battle in one year, Oga behave yourself we welcomed you to the frustrated EPL teams fanbase with open arms, don't let us change our minds EPL too sweet abeg.

Who Liverpool offend na? Liverpool fans welcome to the frustrated EPL teams fans, where we Man U fans are the care taker committee.

Emekaonline:
But did Jonathan heed the call? So why should Tinubu heed the call?

Wasn't Tinubu voted because people felt Tinubu will heed the call? What then was the CHANGE slogan all about? Change from bad to worst? We pray the insecurity doesn't get to you or your house hold because Tinubu didn't heed the call.

Lol your failing to bet today doesn't translates to quitting sports betting. New thing dey always shark person, enjoy yourself.

First I hope you have evidence of the landlord promising meters, receipts of your 20k monthly payments, and reconnection fees paid to PHCN?


If yes then ask the landlord to prove the arrears with official PHCN billing that matches your actual consumption. If he is adamant then tell him that you will file a NERC complaint for overbilling and estimated billing or report to the police, a real estate lawyer, or an active housing agents forum.

Though being a Nigerian living in Nigeria even with all this the Nigerian factor can still come in. Down the line, you will feel like the stress, time wasted, even money spent pursuing the case is not worth it. So weigh your options because even though the odds are on your side Nigeria can still happen to you.

APC will die first because even with the gun in his hand, he will still plead with the bandit to collect Ransome or amnesty, the bandit will collect the Ransome and still use that same APC gun to kill APC. Who no fear Naija?