₦airaland Forum

nairalanda1:
I don't support any politican, I never and never will vote for tinubu, yet I beleive subsidy is bad.

Plus in 2012, most of you who were supporting the other guys were in the subsidy is bad religion. How far?

Nigeria cannot afford a subsidy because we don't have a diversifed economy, a good enough revenue from tax, and a corruption free government, as well as an industrial sector. All these means that any time subsides are around, we always end up spending our reserve, our earned money, and even the money we take as loans on subsidy...and it means we take more debt, which makes things worse.

Let's even say we subsidise fuel to N600 per liter from the N1300 it is at now. At 60 million liters, it's going to cost..42 billion naira daily assuming gvernment spends 700 naira , which is the minnum they can spend for subsides. That amounts to...15 trillion yearly. And that is depdending on if the cost of crude does not go up from where it is at now. If it does, we could be spending 30 trillion or more eventually

Where is that money going to come from? There is no budgetfor subsidy, and right now, any benefits from oil price increase, the money will come, but not immediately, so tha tmeans that it would come from the budget...60 trillion. And to fill that hole we are going to borrow.

And guess what, smuggling is going to resume. And let us be real...there is no way that any government that subsidises fuel can stop smuggling. GHaddafi was using jet fighters to bomb smugglers in 2008. They just took cover and waited till the planes got back to base, and resumed trading (and weapons are finite). SO, guess what, our consumption would shoot up to 100 million barrels per day, which amounts to...21 trillion yearly. Again that depends on if crude oil prices don't rise....and our budget is 60 trillion naira.

Because the worst case scenairo is crude rising to 120 -130 dollars per barrel, and subsidy costs rising as well...meaning we could be essentually spending money like a river just to keep fuel at N600. We would think we are enjoying, but we are using tomorrow's money, infact our grandkids money to eat today.

And when we borrow, we worsen the already bad debt we have. When oil prices go down, that is when the real koko starts...no money to pay for anything. That's when the emperor has no clothes. That's when subsides would be sustained by borrowing, and salaries would get delayed.

And our reserve would get drained to the bones (that's why Jona wanted to remove subsides in 2011, because he was being warned about what would happen idf we did not...but nigerians said no. ).

That is why some of us are scared of subsidy. It has nothing to do with who is in government...and it annoys me when people sit down and call someone government supporter because they support subsidy removal. It has everything to do with the debt situation and not making it even worse, and keeping domestic refining profitable, so that we don';t go back to where we were after 1994, when government was taking NNPC's maintenance and upgrade costs to help pay for subsidy with predictable results.

Image123:
FG intervened for decades with fuel subsidy. Do you remember?

CaseSensitive:
Read the book "The Sovereign Individual". It's a book written in 1997 that predicted that:

1. People will work from home in the future (Happened/Happening)
2. There will be a fast mutating viral disease pandemic that will be global (Covid 19) (Happened)
3. There will be a digital currency (Bitcoin) (Existing)
4. Smart Homes/Smart Cities (Existing)
5. Nanotechnology devices (Existing)
4. Artificial Intelligence to determine gene pattern
5. Robots for carrying out genome sequencing (Genome sequencing is already happening)
6. DNA Database tracking
7. Gene-based pharmaceuticals
8. WWIII - Nuclear devices causing widespread contamination (We're currently on the brink of that)
9. Vaccination programmes run by organisations like the World Health Organisation for a global killer that is yet to emerge.

I won't mention others but Genome sequencing and DNA tracking really give me concerns. All these were predicted in a book published in February 1997.

CaseSensitive:
Underrated comment right here. What is predicted to come is even worse.

Islie:
"If the naira for crude… had been working the way it ought to be working, we would also not get here,” he said.

fineboynl:
As oil producing nation and a 3rd world country with very low pay among committee of nations. The Iran war shouldn't have affected us.

Deregulation of the petroleum sector was a big mistake. It's exposes our economy to shocks from other both internal and external problems.

Reason dangote will wake up one morning to increase price. And nnpc the next day. Nigeria need stable energy prices to stabilise the economy.

Mynd44:
The only thing that can be done is for NNPC to drill new wells that will be exclusively for local consumption and sold at a fixed price. That way, the price will be stable and constant as we only pay refining charges to refineries

The problem with it is the cost.

Image123:
FG cannot and should not bring down anything. BTW, the speaker in the OP is saying a truck of rubbish only fit for media pages.
Who stops Ahmad from increasing the cost of goods or Mummy Deborah from increasing the cost of goods? Mr President doesn't believe in the headache of price regulation because Nigerians are ready to buy, this is basic demand law. If you don't demand, price will drop. But we will eternally demand, it's even a flex. It's a multihydra headed problem that's more than what FG alone can do in a quick fix.
The law of demand states that, ceteris paribus (all else being equal), as the price of a good or service increases, the quantity demanded by consumers decreases. This DOES NOT work with Nigerians. Even when people go for a 'cheaper' alternative, that alternative price increases to same level as the former, and it rarely comes down in Nigeria.

insidelife22:
Sentiments aside, do you think Bola Ahmed Tinubu will win Next year's presidential election.?

God1000:
The lying American president is at it again, Iran has really humbled this clown

brain54:


A full scale investigation should be launched...


To see who trump has been talking with... make e no go be say the man dey hallucinate and see things o.


Wetin I go call this one now... psychosis?

Mattswaggz:
But weren't they willing to agree or they've agreed to this one recently already?.

kaludestiny10:
On the issue of Peter Obi, he maybe correct. I don't actually have the facts to say he is wrong. But Peter Obi and the Kano state governor are not the only people that should be mentioned. Akpabio, Ahmed Lawal, Dave Umahi, Abaribe and many politicians should be on the list of the former appeal court president. He should be bold to mention all the politicians that shouldn't have contested the last general election.

Kukutente23:
Did the constitution say you cannot join a party less than 30 days to an election?

Danjuma04:

Peter Obi rented crowd to hail him in Kano

- Sowore pic.twitter.com/I9DEr1QqcL

— bigg Kenny ⚡ (@KCnotlimpopo) March 24, 2026

During the past week, Omoyele Sowore said that the only opposition in Nigeria is himself thereby downplaying Peter Obi and other candidates. Now Peter Obi and Others were invited by Rabiu Kwankwaso to Kano where the massive crowd that came chanted Peter Obi's name.

Sowore has now come out again to criticize Peter Obi saying that the crowd that came out in Kano was rented, further stating that the crowd that welcomed him in ABia is real. It should be stated clearly that the reason Sowore went to Abia was to stage a protest for Nnamdi Kanu release, a man who is very popular in the south east.

This attacck is now confirming that Sowore is truly sponsored by the APC and President Tinubu.
Watch video:


https://www.youtube.com/watch?v=wtldlp9-eys

Racoon:
Anyone who wants to trend must mention Peter Obi. Just imagine what is coming from a former president of the court of appeal of a nation. This is the same man that adjucate in the Aregbesola case in Osun State and many other controversial judgements in the history of this nation.

For an ex Judge to descend this low actually says everything you need to know about his lack of integrity and how he has contributed to the bastardization of the judiciary to please his slavemaster.

AMINDA:
That's still subtle intimidation. Has the DSS invited Sunday Igboho for questioning after warning Atiku and Obi not to come campaign in Southwest? MC Oluomo just "regained control" of the NURTW despite a subsisting court ruling to the contrary. When will he be invited for questioning?

Soldiers accompanied MC Oluomo to take over the national secretariat of the NURTW in defiance of a court judgement sacking him?

Is this the country that we want to bestow on our children?pic.twitter.com/3VdSkhUdeL

— Inibehe Effiong (@InibeheEffiong) March 24, 2026

FreeStuffsNG:
You asserted that the only black arab country is Sudan. You are wrong and I explained it to you.

Now you are saying Sudan is now the only "essentially Arab". You are wrong again. There is Mauritania that is predominantly black ( Haratin and west African blacks) account for more than 50% of the population.

The old Sudan broke out because of percieved Arab domination and their is still ethnic division behind the current ongoing war too. You are still wrong by implying that ethnic strife is not part of the reasons for current Sudan civil war.
Here is a US report by BBC

However, the US determined in January(2025) this year that the RSF and allied militias have committed a genocide.

"The RSF and allied militias have systematically murdered men and boys - even infants - on an ethnic basis, and deliberately targeted women and girls from certain ethnic groups for rape and other forms of brutal sexual violence," then-Secretary of State Anthony Blinken said.

https://www.bbc.com/news/articles/cjel2nn22z9o

Darfur is still part of current Sudan o.


Please do not insult me again sir.

89green:
When someone comes to steal your lands, oppress and kill the people, just stand and watch, no need to offer resistance.

Why is it only Iran today (amongst the mid east nations) who criticises us and Israel for their illegal actions in Lebanon, gaza etc.

Us israel dont want any resistance in the middle east which remains one of the reasons why us Israel started the war asides wanting to control Iran's resources. Same way they started this sh*t with Libya Iraq Afghanistan. Iran is a no joke and always ready to speak up and stand against the oppression of the Western world and Epstein class.

89green:
Iran has not launched an aggressive war in modern history (unlike the US or Israel), and its leaders have a doctrine of “no first strike.” This is true of Supreme Leader Ali Khamenei, as well as of Revolutionary Guards commanders

https://www.aei.org/articles/iran-has-never-started-a-war/

89green:
This is why you should never start a war

Iran was on their own, negotiations were progressing, they have never attacked a neighbour first since 200 yrs ago, but us Israel grew the balls to wake the sleeping giant.

Una balls never burst?

This same Isreal continues to bomb Gaza and Lebanon till date.

FreeStuffsNG:
You asserted that the only black arab country is Sudan. You are wrong and I explained it to you.

Now you are saying Sudan is now the only "essentially Arab". You are wrong again. There is Mauritania that is predominantly black ( Haratin and west African blacks) account for more than 50% of the population.

The old Sudan broke out because of percieved Arab domination and their is still ethnic division behind the current ongoing war too. You are still wrong by implying that ethnic strife is not part of the reasons for current Sudan civil war.
Here is a US report by BBC

However, the US determined in January(2025) this year that the RSF and allied militias have committed a genocide.

"The RSF and allied militias have systematically murdered men and boys - even infants - on an ethnic basis, and deliberately targeted women and girls from certain ethnic groups for rape and other forms of brutal sexual violence," then-Secretary of State Anthony Blinken said.

https://www.bbc.com/news/articles/cjel2nn22z9o

Darfur is still part of current Sudan o.


Please do not insult me again sir.

FreeStuffsNG:
You are ignorant about the Arab blacks. There are black arabs in Saudi Arabia, Oman, Yemen, Palestine and Bahrain.

Sudan is a mixture and that was why they broke into 2 and the main Sudan is still fighting war because it is not homogenously Arab.

FreeStuffsNG:
It is not a religion thing. If it is religious, US that identify itself as a christian country will not be the capital of racism in the world.

I doubt if you even know that there black Arabs that are ethnically blacks!

BetterScottish:
it's the same person with different monikers commenting & quoting himself, laptop boys ways are known already

Basic123:
Ordinary show off!



This doesn't make someone a good leader!



Politicians and fake integrity and humility like buhari and peter OBI

Zonefree:
God bless you.

hisexcellency34:
Akinsuyi, former group politics editor of the Daily Independent, writes from Abuja, Nigeria. He can be reached at shabydayo@gmail.com
https://www.thecable.ng/sunday-igboho-from-yoruba-nation-agitator-to-apc-enforcer/

ReturnMan:
So we should invest in our own if anything we should learn how iran survived on its own.
We have brilliant mechanical engineers rotting in ibo land and up north, we heard of recently that Palntr the company providing isreal nd usa data for airstrikes has bought a huge share in our own emerging drone market run by those two young men, it isn't a good thing because if we try to be independent anyday Palantr will provide data for airstrikes to those our leadership...

We invited the USA to help a very rich country like Nigeria fight boko haram, this is disgraceful.... Isn't it the Nigerian army that defeated ojukwu and his professional army, so this same army can't fish out and dismantle these terrorists on tiktok?

Nigeria should invest in AI data centres massively now its a new trend. The government should allocate 60% of nations funding to AI advancement so we can sell these data to china and usa and others but No. Iran is our problem

ReturnMan:
What stops us from building it ourselves

Sonnobax15:

Imagine dying, knowing that the only legacy you left behind was how you led people into sin

zoedew:
Taken out! A very good look at her with some measure of introspection should provide some insight into the circumstances that led to the obvious assassination of the subject victim. Police will investigate to a point and stop when they get to know ......... In life we must trust God to not hang out with the wrong people or promise what we cannot deliver. Some folks will take what they believe to be rightfully theirs or waste it all!!!!

donleo92:
Russia Russia

How it's not a nuclear weapon in disguise