₦airaland Forum

Cromagnon:
Don't think you've met Alaskans. Or Russians. Or Canadians. How many retire to Florida ot of 300million

I met Alaskans, Canadians, and even Russians in Arizona... that place was hot as hell for me but they preferred it to where they were coming from.

richmond500:
■ u keep bringing this pic. It is visible to the blind that we don't have multiple fx windows again.
■ The time where elites buy dollar at N300 while ordinary Nigerians buy at N799 is gone. It is also visible and audible that subsidy is gone. We are no more smuggling fuel to Chad and Niger as everywhere don balance

What you told there is a bloody lie. Just about 2 to 3 weeks ago, it was revealed Nigeria still runs more than one— about Naira 1500 to a dollar.

2. Lies! On that other exchange window, Nigerian elites were offered a rate much lower than the public rate. It was reported in the News. Even as we speak, there are calls to offer Dangote a special rate different from the general market rate.

faoogoke:
■ If the rail line is busy it wont be vandalised. It is idle rail lines that are targets for vandals.

Is the fair expensive or what? I have not heard anyone on Nairaland suggest a regular commute on any of the lines, how come?

Godfullsam:
■ The problem is not even the reform, the problem is the so called leaders that are forcing these reforms down our throats.
■ Charity begins at home. These guys keep lavishing our scarce resources on mundane stuffs while they keep urging Nigerians to endure . The first lady dolled out 1 billion naira at University of ibadan last week, the son also donated 500,000,000 somewhere 2 weeks ago. The president is away in France after his meaningless stay in the UK. All these money is our collective resources. You can't be living large with your family and allies while the masses are suffering. Tinubu is a Pharaoh

How can they be FORCING reforms on you that they have YET TO IMPLEMENT?

They lavish your money and lie to you that they are working but in reality, every Nigerian is aware that most of what they say is audio. So, how can you say it is the reforms that are causing the suffering in Nigeria and not the corruption being FORCED on Nigerians still?

StaffofOrayan:
■ You know I am a very bad cook, and then you give me a recipe and expect magic?
Fuk imf, fuk apc

Your choice to be a very bad cook has nothing to do with the recipe but you. Yes, it is your choice to be a very bad cook.

I can tell you this because, in the U.S. Army, the cooks who work in the kitchens in their submarines get just 5 weeks of training in how to cook for 1000s of people — just 5 weeks. And many of those who get that training are not people who enjoyed cooking before being assigned to the kitchen. Yet you rarely hear of the cooks on their teams being bad cooks because all that is required to be a cook good is training— discipline. So, your choice to remain a bad cook is exactly that, your f-king choice.

Nigerians too can enjoy many of the same quality of living that people in developed countries have if they can get their government and corruption checked. APC has wrought terrible havoc on the Nigerian economy and the lives of the people. But it remains that the only ones who can stand up to make Nigeria a better place for the people are the people. No external power can do that; not even the World Bank sanctioning Nigeria can make that happen.

lamentor78:
Nigeria is design to fail. These white are discipline people not greedy africans

Corruption dey white countries but the people are not asleep or busy praising the corrupt entities in their government. Nigerians love their oppressors and are all too willing to raise the lies fed to them by their oppressors against commonsense!

alimiadedayo1:
■ They cannot be telling us what they want us to do

Yes they can and they should because if you want them to borrow your money or write off your debts, it has to be on their own terms.

By the way, all the suggestions given by the World Bank today are many of the same suggestions that the IBB refused to implement during the SAP era even though the same IBB went on to blame SAP reforms for all of the problems he created in the Nigerian economy while he was governor. Obasanjo was able to implement many of the same reforms much later on. However, subsequent governments, including the current one, refused to continue the implementation of the reforms and that is why we are still here today ...debating the implementation of fuel Subsidy removal, the implementation of Safety Net programs, the implementation of deregulation of the oil sector, privatization of State-owned businesses, debating the implementation of cutting drastically the cost of government, etc ... all of them commonsense solutions to Nigeria's many problems.

StaffofOrayan:
■v Have you heard of the phrase 'all things being equal' in economics?
If you make a 15 year prediction then you have to assume all things would remain thesame! I don't know how else to explain to you!

It isn't the job of the World Bank to make all things remain the same... that job belongs to Nigerians and their Government. I mean, this isn't rocket science for Pete's sake! 🙄🙄🙄

If I handed you a formula or a cooking recipe and told you that if you implemented the given formula, you would have delicious food to last you a week. Why in the world would you also expect me to come to monitor you to make sure you don't corrupt the formulae or whatever to ensure success? NO be grown-ups aka a nation Nigeria and Nigerians be? 🙄🙄🙄🙄🙄

abu99err:
Please can anyone point me to any country in this world that has been able to implement IMF and World Bank Reforms completely and became and Economical power house? @Kobojunkie can you assist with this please

Yes, Nigeria was finally able to begin implementing many of the same SAP reforms that IBB did not implement back in the 80s/90s during the Obasanjo days. That is part of how Obasanjo was able to secure debt relief from Nigeria's debt back in the period between 2000 and 2007, and at the same time, help build the Excess Crude Accounts(ECA) back then to about $50 billion as well. Yes, Obasanjo made strides in the actual IMPLEMENTATION Of many of the reforms. We saw the selling off of many State-Owned businesses during that time. We also saw the implementation of many fiscal policies which Nigerian polices enjoy to this day.

StaffofOrayan:
■ So if the govt is corrupt, where is the world Bank seeing positive changes after15 years of reform from? You are just typing for the sake of typing

If the government is corrupt, that is the problem of the people of Nigeria, no the World Bank can instead tell the people and their government that if they successfully implement and maintain the reforms they should be able to begin greatly benefitting within 15 years.

Where in the world do you folks get off thinking the World Bank is some authority set up to monitor corruption and ineptitude in your economy abeg? Where? Can you equally go to your local Bank and make the same demands of it.... suggest that it should probe the individual lives of its customers to ensure first there are no corrupt practices before it chooses to do so with the individual entity or not. I don't understand where you people come up with this notion that the World Bank ought to be Nigeria's corruption monitor or nanny!

Solseal007:
■ They deliberately skipped all that, u can see the anger and embarrassment on shetima face at the first part of the indian speech. He deliberately pointed out the woes of the country on few elites! Mehn I was shocked that he could say that to the ministers and vp face.
■ The second part was a shocker, he acknowledged 2003-2007 presidency I think thats Obasanjo as being the best and judicious period our oil was well managed

Yet Nigerians, without shame, get their news from the mouths of the likes of Shettima and their Propaganda machines.

2. Obasanjo came in attempting to finally implement many of the same SAP reforms that were suggested back during the Babangida regime, reforms IBB refused to implement — the man instead stole Nigeria blind for Pete's sake. The move to begin privatization of government-owned companies, including NNPC, NEPA, etc., — which should have taken place during the IBB regime — finally began during Obasanjo's time. Even the initial shift towards setting up a Safety net for Nigerians, among other reforms, also began during the Obasanjo regime, but many of them were truncated by Yar Adua.

Bebigiby1:
✓ If truly SAP failed because of IBB's action and several other Nigerian governments overtime have been shown to dubious, reckless and corrupt, why will World Bank continue to give them loans....
✓ Does it make sense to you? If you are the owner of World Bank will you continue to waste depositors funds on a customer that you know is a thief and won't pay back?

Why are you hell bent on putting the responsibility to check your government on the World Bank? Did the World Bank ever give you the impression that it can never lend money to corrupt Governments? Did the World Bank ever suggest that it only sends money to countries with pristine records - countries without corruption, human rights violations, etc?

I am really curious to know where you get off holding the World Bank responsible for such things that World Bank was never set up to take responsibility for?!

2. To you, Nigeria may be a thief but to the World Bank, Nigeria is a customer that endeavors to service its loan debt even if with 98% of what its revenue. So what makes no sense here is your insistence that Nigeria, a country with a decent enough creditworthiness should not be given loans it qualifies for.

sleek214:
Don't call someone a lair, just say you don't have light yet. AEDC flashed mine around that time.

An entire nation is at this very minute we speak generating only 417MW of electricity, and you think it is wrong to call someone a liar for claiming the grid has been restored? 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

richmond500:
fiscal reforms through tax, fx reforms, subsidy remove and other s5uctural bottlenecks.
Which of these has Tinubu not implemented?

Are you joking? 😏
► Tax reforms that are still being discussed?
► Subsidy removal that has yet to happen even after 18 months of the audio announcement that the subsidy has been removed? Subsidy removal was meant to have happened gradually, this is better still after a safety net had been put in place — not before. But the administration not only fraudulently announced its removal but 18 months later Nigeria has yet to save any money in subsidies but instead now pays more than double what it used to pay for subsidies. Yet you have the audacity to lie to us that subsidy was implemented?
► Fx reforms that are yet to take place even after 12 months of the announcement that there have been reforms — Nigeria still has various FX rates offered.
► Structural bottlenecks that Nigerians continue to battle with as we speak today?

Are you high or something? Or do you have absolutely no clue what the word IMPLEMENTED means? 🤔

Bebigiby1:
Misinformation? Hmm I will ask you two question since you are the one with correct information,
1.Why has World Bank continued to provide foreign loans to corrupt Nigerian leaders while knowing that such funds will be wasted?
2. What efforts has World Bank made or is making to criticize the endemic corruption, misappropriation and looting of their loans by Nigerian government towards raise awareness as regards government transparency and accountability.
3. Will wait for your fact based reply since you claim I am spreading misinformation..

Are you sheeting me or something? 😏😏😏

1. Nigeria goes to the World Bank asking for loans and its credit rating qualifies it for loans, so what reason would the World Bank have not to give Nigeria the loans it has so long as Nigeria implements reforms that guarantee the loan would be paid back?

2. First of all, the World Bank is a Bank and not a Corruption Monitoring Agency or Nigeria's Nanny that it should engage in criticizing corruption which is seen as acceptable among Nigerians as a whole since they rarely lift their hands to protest or fight against the decay. Why you would go around expecting the World Bank to come in to do the job that Nigerians are meant to do is beyond me... insane thinking on your part.

If the World Bank where to make itself a corruption monitoring and critic now for Nigeria, na people like you to stand up condemn the World Bank still sey dem dey too much. 🙄🙄🙄🙄🙄

3. Stop rambling abeg! Una problem too dey dey deep even when the facts are available at your fingertips and free to access.

---

Na so Babangida take lie to Nigerians say the suffering wey we experience back in the late 80s/early 90s, na SAP wey IMF give cause am. We all bought into the scam hook, line, and sinker, mostly because we did not have any way to access records of Government work at the time. Now we can realize that if SAP had been successfully implemented by Babangida, Nigeria wouldn't be where it is today dealing with fuel Subsidy Scams, deregulation of oil-products pricing issues, fuel subsidy removal, privatization of state-owned businesses, etc. The Nigerian Government has been 419-ing Nigerians for a very long time.

richmond500:
■ Nigerian govt has implemented everything in that ur picture.

Stop lying! Nigeria has yet to implement a single thing on that list.

lonelygem:
■ Why are you guys so imatured about your contribution to a public topic?? The fact that u are yet to be powered doesn't indicate a national issues. We are addressing issues of National interest here. Courtesy demand you at least wait for various updates from various regions before dabbling into conclusion and tag someone a liar. Common sense please!! Stop showcasing your gullibility..

O ni iro oshi! 🙄🙄🙄🙄

This thread is filled with so much misinformation that you wonder why in the information age, Nigerians continue to slurp up propaganda dished out by its very corrupt government to shift blame to third parties whenever possible.

How can the World Bank be responsible for the troubles caused by Tinubu NOT IMPLEMENTING the commonsense reforms it has suggested to date? 18 months on and Tinubu has yet to successfully implement even one of the major reforms listed by the World Bank, yet Nigerians feel the World Bank is definitely to blame for the hardship in the country because their corrupt government and its propaganda machine told them to do so.🤔

When will these people's mumu ever end abeg! 🙄

Gadafii:
The light went off in a suspicious manner yesterday around 6:45 pm, it's yet to be restored.

Check the link to see why. https://www.niggrid.org/DisCoLoadProfile

Anijay1212:

My part of Uyo is still in darkness as i am typing.

OP is a liar! 🙄🙄🙄🙄🙄

https://www.niggrid.org/DisCoLoadProfile

lonelygem:
National grid issues that has thrown the country into total darkness and unplanned shot down is fully restored at 4:20 am.
Kindly confirm your location and leave an update.

lies!🙄🙄🙄🙄🙄🙄

https://www.niggrid.org/DisCoLoadProfile

sirblend:
It's 4am and 10 hours since the grid collapsed, yet the national Grid hasn't been restored..
In a saner clime whoever that's in charge of power would have to resign it immediately but here in Nigeria they continue looting.

See for yourself where the entire country's load is currently at— It reveals it is currently distributing less than 200MW... over10 hours later. https://www.niggrid.org/DisCoLoadProfile

biggie73:
….People can be gullible in the digital era.

I see that a lot among Nigerians. 🙄

MrRichmond:
The average Nigerian doesn't understand economics, so I won't be surprised if they think this rubbish is good news. When you tax the rich, they leave to tax favorable places, they're not poor people that are hunkered down by location, they go with their money and then your economy goes poof! Because the so called rich you are vilifying are the ones that run your companies and industries. Another disaster loading.

How many companies in Nigeria are run by the rich in Nigeria though? The vast majority of the rich in Nigeria don't even own companies as they instead get their wealth from siphoning money from the Nigerian Government's purse. Is this not the case anymore?

Now the money collected in taxes, where do they go? Back in the hands of the rich at the end of the day so their is really little circulation of money through the economy that is really taking place here. 😏

abba190:
and the rich will indirectly tax the poors to pay the tax

But the rich would have to actually produce some goods and services for that to happen, right? Currently, in Nigeria, what percentage of the rich produce goods that are consumed by the poor?

biggie73:
….your ignorance and gullibility are beyond measure. Thanks.

Nigerians ehn...even in the information age....sad...,🥱

biggie73:
…..either poorly implemented or not, reforms are meaningless if people are worst off.

Common sense reforms are majorly designed to help people, not make them worse off. Many of the same reforms that were suggested to Nigeria were at some point in time implemented here in the United States. How come here in the United States, the lives of people are not as bad as the lives of people in Nigeria are? Care to answer that question for us?

biggie73:
…..reforms are headaches to the people - SAP inclusive.

Please stop speaking out of ignorance... Reforms are necessary resolves to issues, not headaches like your corrupt government has instead programmed you all to believe.

biggie73:
■ ….you are entitled to your opinion and sources. All the reforms of previous and Mr. T- pain reforms negatively impacted the Nigerian economy. Each previous administration had had draconian measures.

None of what I stated here is of opinion as evidence after evidence available free of charge online proves that Babangida NEVER implemented SAP as it ought to have. Yes, the fully engaged media propaganda machine at the time told Nigerians to blame all of the suffering on SAP. Some suspected of course that something else was going on however the non-transparent approach of the government at the time left us all wanting to believe that it did implement all of the reforms as it claimed. But now there's no denying the fact that it did not. Fuel-Subsidy stands as a major proof of this. Another proof is the non-privation of state-owned businesses such as NNPC, NEPA, etc., back during the SAP years. Yet another proof that Babangida did not implement SAP reforms is the continued regulation of prices of goods and services by the Government particularly of Oil, communication, and parts of the Agricultural sector.

biggie73:
...first off, I didn't mention any names. Again, previous Nigerian government had had meaningless reforms that had adversely impacted the citizenry. You mentioned SAP - mostly SAP.

Babangida is the president who told Nigeria that he implemented SAP. The media at the time inundated us all with reports of how SAP was to blame for all of the suffering that we were going through. But now that were are in the information age, and can go back to review what happened for ourselves, we can see that we were hoodwinked by the Babangida government as it never in fact implemented SAPS reforms but rather played a scam on Nigerians pretending that it did.

Here's something most Nigerians today don't seem to know. If Babangida had implemented SAP reforms, fuel subsidies would not have been in existence to this day at all. It would have been a past issue for Nigeria. We are dealing right now with this Fuel-Subsidy fraud today because Babangida DID NOT fully implement SAP. There are many other things on the SAP list that the Babangida government did not implement. So, when Nigerians say that SAP had a hand in the problems in Nigeria at the time, they are wrong in that assumption. Please see the following documents for more information. https://www.oecd-ilibrary.org/development/evaluation-of-nigeria-s-debt-relief-experience-1985-1990_728878867073

biggie73:
...first off, I didn't mention any names. Again, previous Nigerian government had had meaningless reforms that had adversely impacted the citizenry. You mentioned SAP - mostly SAP.

SAP was presented during the IBB years and the Government at the time pretended it was serious about implementing the reforms back then. Only now do we know, thanks to the information age, that the Babangida government mostly liked the Nigerian people, stole the country blind and told the people to blame all of their suffering on SAP reforms.

biggie73:
....Google Nigerian military and democratic history.

Why don't you Google SAP Implementation in Nigeria yourself and tell us exactly which of the 6-7 major reforms were in fact implemented by IBB or Abacha for that matter? You are the one here who claimed the corrupt Government of IBB implemented SAP in Nigeria --- actual successful implementation --- and I want you to provide us with proof of this.

Today we have yet another corrupt Government in place which has failed in over 18 months to implement subsidy removal in Nigeria yet here we have many Nigerians already quick to blame the World Bank for the shege they have had to endure in the last 18 months. Don't you see how your government has been pulling the wool over your eyes for the longest?