₦airaland Forum

TopeSanwolu:
Oga talk true nothing collapse the government just want Nigerians to keep buying fuel so they make more money 🤣🤣🤣 only fools don’t know this because if u have to export fuel and sell at almost the same price u sell to Nigerians then it’s better to sell to Nigerians where u don’t have to pay for export and make the same profit u make from exports 🤣🤣

🤣🤣🤣🤣🤣🤣🤣🤣

mbos:
Their petrol is not selling as they expected, as people have parked their vehicles and generators , the only way is to coerce them to buy fuel by ending the so called national grid

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

StaffofOrayan:
■ Show me where such reforms has EVER worked!
■ That should be easy Subsidy is a big scam, only people with negative IQ believe that crap

First, you would need to show me where your corrupt Nigerian Government has ever successfully implemented any reform in its entire history.

2. Subsidy, we know has always been a scam against Nigerians and needs to be removed. However, 18 months into the current administration, it has still not been implemented. Don't you see a trend here with corrupt government? It cannot correctly implement common-sense policies because it knows it would be working against its greedy interest if it did so.

tpain121:
■ was it only fuel subsidy that was removed in Nigeria?
■ The safety net you have been enjoying, are they not some form of subsidy?

1. 18 months into the current administration, can you confirm that the fuel-subsidy has in fact been removed in Nigeria today?

There are no other subsidies that have been removed in Nigeria that I know of. Can you please tell us of any other subsidy that has been removed in Nigeria as we speak?

2. Yes, they are in fact forms of subsidies which is why it is false to assert that the IMF and World Bank are against ALL SUBSIDIES given that one of the reforms required by the World Bank is the implementation of a safety net program.

tpain121:
abeg, stop engaging these dirty agbadorians. The rubbish they spew out of their gutter mouth is really nauseating. See this one saying there are no subsidies in Europe and America. They are so dull , you wonder if a they have cobwebs for brain.

There are no fuel subsidies in Europe and America like what you have in Nigeria. However, there are many safety nets in place in America and in Europe, some of the same safety nets suggested by the World Bank for Nigeria to implement. I have myself been a beneficiary of many of these safety net programs and can tell you that it is nothing like the fuel subsidy program in Nigeria today.

More importantly, the Nigerian Government has yet to implement any of the reforms suggested by the World Bank in this.

triplechoice:
■ Your latest inclusion of humans as deities to be worshipped contradicts your earlier argument that there are a thousand Gods in all of the different religion that exist in the world .
■ If you're now trying to include humans, then the figure should be much more higher than the about 4 thousand Gods you initially hinted at The number of individuals claiming to be deities or are regarded as such runs into millions.
■And I never used the plural form "Gods" begining in uppercase but ""gods" . in lowercase in my last reply to you .Changing what I typed is you deliberately trying to representing me.

How in the world is the worship of the self contradictory in this case? I don't follow at all.

2. I am not including humans. The fact exists that there are humans for whom the self is the ultimate being to be focused on and none else. Some humans believe everything begins and ends with the self — the self is the God. Why in the world is stating things confusing for you?

3. I do. What law says it can't have a plural?

nedekid:
■ IBB under the advice of the imf/wb sap program devalued the naira l from 1.75 to N22. I was a shocker back then. Fact. Abi did you not experience sap? Someone close to me lost his house in UK, because he took a loan with his house as collateral, successfully sold the goods, at the point of remmiting the funds back to UK bank, naira within a few days was devalued.
IBB also liberalized the oil industry, it was under him private investors came into the sector.
The major thing though to be remembered was the devaluation of the naira to enable market forces determine the rate.
https://thesun.ng/nae-warns-tinubu-against-devaluation-of-naira/?amp

1. I witnessed SAP myself and experienced devaluation. I was hit by it but I expected good things to follow as promised. But it didn't take long to realize that a lot of what the government said it would do— most of the promises to local industry including farmers and manufacturers— it never actually did. The MAMSER program for instance which was supposed to rally the whole country and rev up local production of goods and services for example comes to mind. It failed miserably because IBB refused to massively fund it as promised.

2. I also witnessed the fact that rather than completely implementing the deregulation of market forces and privation of State-owned companies, the government chose to run with its own ideas. Also, rather than reduce government spending and bloat, the government chose to do other things, fueling systemic corruption instead. The government also refused to a large extent to invest a great deal in the local economy and industrialization.

TEYA:
■ "Just did what IMF and World bank said" is what I said. Read slowly again. And if they did that, it isn't because IMF suggested it to them. Name one one country that ever attained first world status by impoverishing it's people, jerking up taxes and removing subsidies?That has always been IMF's formula.
■ Even when Mao Zedong was implementing the Great leap forward, it was about drifting towards massive industrialisation not just enforcing austerity measures without a plan.

Really? For the sake of competence, can you please post the information on where you find these IMF policies you insist are always the case though?

2. Wait a second....what stops Nigeria from, as we speak, drifting towards massive industrialization, and implementing an effective safety net program, even as that removes the expensive fuel subsidy? Is it the IMF or the World Bank?

iwaeda:
It is finished Nlfpmod. I am under Band A, but no light since 10 am. I doubt how Minister of darkness came about 40 percent twenty hours light.

At least I now know where to go to monitor light in Nigeria because of all of the many lies Nigerians like to tell us online. https://www.niggrid.org/DisCoLoadProfile

biggie73:
Nigeria has had her so called reform since 1989. What a rogue state headed by Mr. Daju (Mean).

Which of the reforms since 1989 were in fact implemented in Nigeria?

Angrymode:
I don't know of any bank that genuinely wants the interest of their clients. World Bank is no different!

Banks actually work for you if they know you are in fact willing to form a beneficial and lasting relationship with them. World bank is no different. Nigeria, however, does not seem to want to do anything in the interest of its people. So, that poses a problem for a bank knowing that chances are high that Corruption in Nigeria will continue to guzzle up over 90% of the funds it releases leaving the bank with a debt likely unserviced in the end.

ElSudani:
We have enough myopic people in Nigeria to make sure the reforms are truncated. We will then go back to square one and and start another decades of beating around the bush.

Myopic people aside has your government successfully implemented any of the reforms on the list as we speak?

themanderon:
Whenever these Bretton woods organizations urge you on know that you are on the path of total collapse abi are they not the people that recommended SAP that Nigeria has not been able to recover from after more than 30yrs?
How many people will remain after the so-called 15yrs of hardship/reforms?

Can you provide evidence of the SAP-related reforms that were in fact implemented in Nigeria beginning from the time IBB was in office?

Your government pulled the wool over your heads and then blamed it all on SAP, and over 30 years later, you lot continue to parrot the same fraud as though the truth. Una no see how una own problem get K-leg?

omoranmilowo:
You are joking bro. You are one of the people misleading and decieving our government. So Masses will be in this T
- pain for the next 15 years while governors senators and president will be collecting millions every month and civil servants will be collecting 70k. So the pains is for the masses and you called this a reform. You are drunk before attending this meeting. Idiot.

The ones that have been deceiving you are instead your own government who have till we speak not even beneficially implemented a single one of the recommendations from the World Bank on this.

nedekid:
■ IMF and world bank, all tools of the colonialist to keep people in generational poverty. No country ever prospered taking their advice. IBB made the mistake of listening to them and implementing SAP with heavily devastated our economy in the 80s, other rejected their lepros fingers, Obj, yar adua, Jonathan even buhari. But Abrakadabra, blablablu did otherwise. Look at all the blinders, you will see footprints of world bank and IMF. Some people complained that he would be easily manipulated by western powers due to him being politically exposed, kompromat etc. Some know he is heavily invested in their country and his assets could be used as blackmail.
Have you not wondered why we were almost lead to war with Niger? Likely under instructions of a foreign power in whose country he is currently "relaxing".
Imagine 15 more years!

Can you post evidence that IBB in fact implemented the SAP-suggested Reforms?

Solseal007:
■ Actually I watched it live, he really lambasted the country leaders, that part is not stated

Nigerians like to wallow instead in ignorance!

caye:
Nairaland is an interesting place: deeply disturbing but interesting. It's also an abandoned site. Abandoned by the " original owner" , who is now on X , enjoying and bantering with others. Mo ti ba ẹsẹ mii sọrọ. Nairaland is dead.

I am still waiting for you to post evidence of exactly when the IBB-IMF SAP reforms were implemented in Nigeria's case.

delpee:
These people don't wish us well at all. We're yet to see the benefits of the SAP imposed on us in the 80s.

What aspects of SAP were in fact implemented by the Babangida Government? Part of SAP reforms included the removal of fuel subsidies. Did that ever happen? Did the Government privatize state-owned entities at the time? Did IBB move to massively reduce government bloat at that time or did it instead balloon it? Did the Government move to deregulate pricing at the time?

How can you benefit from a set of reforms that were never in fact implemented?

musicwriter:
■ You're not answering my question. Which European countries have subsidy on petrol and Dollar?
Does the US subsidize petrol?
■ When you understand why they won't subsidize the two above, you'll understand why the Nigeria government can't afford to subsidize them anymore.

1. No, it does not! But, it does subsidize the fossil-fuel industry.

I am not against petroleum products subsidy removal. I am instead pointing out the fact that the reforms suggested by the World Bank have been alongside safety net programs— subsidized by the government — which are there to help cushion the suffering of the people. No country should be without that but Nigeria happens to be one country that is without it and this is generally a result of incompetence on the part of its government.

musicwriter:
■ So, why are there no subsidy in European countries and America?
■ When you undertake this type of reform, there would be suffering initially but things would turn around, as I predicted within 20-40 years.
■ The only reason anyone should object this should be corruption

1. There are subsidy programs in America. Better still they are instead more SAFTEY NET programs than mere subsidy programs.

2. I disagree! Safety nets are meant to cushion the effects of the reforms and so it is the reason why they are suggested as part of the reforms to be implemented — the creation of policies is not where these reforms should end.

3. Corruption is not a good enough reason to object to common sense reforms. Rather, it is a reason for insistence by all that beneficial implementation of reforms should be carried out beyond the creation of policies.

DeepSight:
■ You know absolutely nothing.

You live in the information age and have access to records that were kept from you. I suggest you go back and do some real research to learn exactly what happened and when.

caye:
■ Sir, IBB implemented ALL THESE IMF reforms ( deforms!). I wish I had strength to write down examples, but NAIRALAND is not worth it. Will rather spend my strength on X or other Socialmedia site; not this abandoned site.

Where is your evidence of this please?

DeepSight:
■ This is BS. They suggested it over and over again aggressively, even saying that the removals so far are not enough. They want to kill Africans.
■ Look, if you dont understand that this is all about getting your government to take loans and pay for them at dubious rates, you dont understand ANYTHING.

Suggested what? To Whom? Where is the record of these suggestions let's review them. Your Government refused to implement a Safety Net, has not even implemented Subsidy Removal...etc, yet you think IMF and World Bank are to be blamed for your government's incompetence?

2. Dubious rates? Are said loans being shoved down the throat of your government or something?

caye:
Reforms without a grand vision of industrialisation?
Remember as someone said:
- SAP will lead to economic boom later
- deregulation of the downstream sector of oil will lead to restart of our refineries
- globalization of domestic markets will lead to inter-national trade
- Portharcourt refinery will be on stream by September 2024
- Dangote refinery will cause fuel to go back to less than ₦200.
If you have brain, you can see that our parent's generation, and our own have been massively brainwashed.

SAP suggested reforms were never implemented in Nigeria though. So, why blame SAP for what SAP never did in Nigeria?

AreaFada2:
■ Kobo the Industrious minded guru, wehdon. Clap for yourself. You may have forgotten how Obama seconded his man to help package Buhari against GEJ. GEJ signed the gay law and secret gay lords in the West were not happy. Unless you were born abroad, I doubt you have mingled with oyinbo more than me. We sabi their obfuscation.
■ Didn't we see IMF/WB encourage IBB to bring SAP? Did it help us? It was the beginning of our proper suffering.

What the f-k has any of this to do with this topic for Pete's sake?

2. Here's a very simple question for you. Did IBB implement SAP as given to him by the IMF/World Bank or did IBB — being the corrupt individual he is still known to be— instead take to blaming IMF and SAP for his incompetence in office? Take a look at the list of reforms suggested back during the time IBB was in office and point out the reforms on that list that were in fact implemented by IBB.

criuze:
■ The country has a fragile nation spirit. No interest of the south can represent the north or west. Which means no one can fight for Nigeria. The ruling class are just opportunists nothing can stop then if not on their own ethnic nation's front

Well, whatever excuse you bring forth the fact is the Nigerian people are the problem since they are actually meant to be the leaders in the democracy... the piece that is missing.

DeepSight:
■ Please mention when China and Singapore removied all subsidies, increased the price of PMS by over 200 per cent in one day, radically forced inflation, floated its currency to devalue it, caused petrol scarcities, faced a protest for all this and then immediately increased the price of PMS again.
Its unfortunate that you didnt go to school.

IMF and World Bank NEVER suggested that your Government remove ALL subsidies. One of the reforms suggests that the government set up a safety net — a set of subsidy programs. So, where did you get your false information from? I suggest you first visit the details of the actual reforms suggested by the World Bank before you continue shooting off misinformation on this matter.

boringdraw:
■ Fools like you make even Buhari look and sound very intelligent, the international division of labour that have left Africa as suppliers of raw materials is also designed by Africans abi. In as much as African leaders have a major play at our current situation, international organizations can't be excused.
Illicit financial flow from illegally extraction from Africa runs into billions of dollars. They prop up governments , support and aid corruption and implementation of wrong economic policies in Africa. African leaders are despicable, but the topic here is policies recommended by international organizations. Stick to the topic of discussion, you idiot called .... I won't bother responding to you again.

I am sorry, what? When did these international firms become international police and corruption monitors to monitor your own governments activities on your behalf? Why are you people so lazy-minded and f-ked up even in 2024?

Ugh! Forget I even responded to your post at all... this your kind of reasoning they drain people. Jeeezze!

StaffofOrayan:
■ The world Bank/IMF just want their loan serviced on time, if you for one second think the most exploitative race on the planet would give their best customer sound financial advice then perhaps we really are monkeys! The same mofos that sold us as slaves??
■ If anyone can show how China lifted double the population of Nigeria out of extreme poverty by taxing the same poor citizens, I would eat my shoe!

1. Stop shifting blame for the incompetence of your government(kakistocrats whom you elected into government) to the IMG and World Bank already. The reforms suggested are commonsense reforms that would work for the betterment of Nigeria and Nigerians if and only if properly implemented by your Government.

Look at subsidy removal for example. If the Government had in fact put in a safety net right and then implemented subsidy removal using the money from that to fund the safety net, many Nigerians would not be where they are today suffering. But it has been over 18 months since Nigerians were lied to about subsidy removal and yet there is no evidence that any money has been saved in all of that time that can be used to maybe help set up a safety net at this point. How is that the fault of the IMF or World Bank?

Your government taxing the poor citizens is your government to blame. Even here in the U.S. Tax exemptions are available to many of the poor. It is 2024, please engage your brains!

TEYA:
If china and Singapore listened to and did just what the IMF and world bank told them, they won't be anywhere close to where they are. Africa is smithen with stupid leaders and even stupider followers who idolise and popularise the stupid leadersm

China and Singapore actually have implemented to various degrees many of the same reforms suggested by the World Bank and IMF. Stop spreading misinformation.

CodeTemplarr:
They are swelling the heads of leaders taking the nation astray. Reforms ko, deformity ni.

In a democracy, the leaders are the people. If the people do not get informed, like before, these reforms will never be properly implemented like the many others before them, and 20-30 years from today, Nigeria will still remain an underdeveloped failing state.

AreaFada2:
■ World Powers don't want any humans left in this geographical Niger Area.
In 15 years, hunger will have wiped out most of the people. They will start using it for Safari. Animals have more value to them.
People who recommend 15 years of more poverty can't mean well for us.

This is the typical narrative from lazy-minded individuals.

World powers are responsible for the shege that APC has continued to inflict on Nigerians in Nigeria for the past 9 years. Are you people OK at all? Where were these World Powers during the 8 years of Obasanjo when Nigeria even had much of its debt written off?