₦airaland Forum

Segedinho:
I have been typing with less attention and concentration...

I am free now...



Oga economist.


You want us to hold d gov responsible due to the fact that Bala blue allocated 1.9tr abi


Now look at it this way.

What is the worth of the 1.9tr wch is stupid in the face of today's dollar vs the less allocation wch was relatively decent vs dollar ...?

I think paying 500k per month presently is way less than paying 350k when items and groceries where extremely affordable.


How did dollar came in

We are dead in importation and our lives revolves round importation partially....dollar is the main currency that determines our market......

So...shouting 1.9tr as a record allocation is laughable when in reality it is worth less...

Major reason I asked you to convert to dollar and then compare with the past b4 displaying or flooding the group with your wassap assignment...


Do I have to be an economist to understand how dollar rise plays a major role in our existence as a Nigerian??

Let's pause the harmful effect of fuel hike in the decent usage of the bloody 1.9tr Nigeria naira

Lol

Theflint1:
I might be wrong, but I think the federal government gets up to 70% of the allocation shared in the country.

52.5%

A40:
Of which this our hurdler chic. Tobi Amusan

https://www.google.com/amp/s/punchng.com/hurdles-world-record-holder-amusan-charged-with-anti-doping-violation/%3famp

They said she missed 3 tests in a year. Let's hope she's clean. I want to believe there's a logical explanation for missing that many tests cos 3 is a lot.

She said she was tested a day before those test. Let's see sha.

seankafor:
How many wallets are you farming? Many are farming as many as 5-10 wallets..

Must be time consuming and funds draining..

Also he careful of Sybil as zksync will probably weed out bots and Sybil's that tends to manipulate and game the system

As for me, I'm farming only 1 wallet and I'm doing it pretty good as I'm really investing on projects built on the zksync Blockchain.. and literally have other stuffs I'm on to including participating In other upcoming presales and Ido.. so don't have that time to farm many wallets..

They distributed their omnibus nft to 0x0 wallet address .. up to 10k.. some people sold it as high as 500dolls..

Although many batches are coming to other wallet addresses according to them..

I picked interest in Airdrop hunting after arbitrum airdrop which literally changed people's life

I don't even have much time to do any research on some of these projects, I just wait for my group people to drop update and use intuition to follow it or not.

Just currently farming 2 wallets. Most of the project I try to keep an eye on are those backed by binance.

I have never been interested in NFT so didnt take Linea serious.

seankafor:
lol, Arkham printed money for people, some got as high as 38k$..

There was little or no pr on that arkham and I literally faded it..

I'm farming so many quality airdrops for the moment

I'm waiting for zksync, that'd probably retire me inshallah

I'm on zksync also. What about Linea NFT?

Seankafor, did you get anything from Arkham that went live yesterday?

I'm pained because a friend sent me the link to join the waitlist, i forgot about it totally. My guy got 3k+

izzou:
[color=royalblue]Una sure say person no go dey put eye for electric vehicles?

If i fit learn where to repair and diagnose them, i go do am.

Na future cash cow be that oh[/color]

Izzou Musk

raumdeuter:
What was the option? You know we were accumulating debt to pay subsidy even in Buhari times right

So which money we wan use build infrastructures to cushion the effect

Buhari has borrowed money for subsidy for more than a year, Tinubu could've also borrowed for the next 6 month of the year to properly access the economy as a whole before making that decision to remove subsidy totally.

Before the end of the 6 month, we will have a Cbn Governor, Minister of finance, minister of budget and planning, minister of petroleum also. All these people and ministries would've worked together to come up with a better plan on how to go about all this important decisions.

liveLongNprospa:
Imagine driving a Tundra or Gwag or any aggressive V8 this period😂😂😂

Na to buy bicycle remain.

Theflint1:
There was a transition phase of over a month, that's the period for these assessments you refer to, it's not like it was a transition between oppossing parties, it was an APC-APC transition.

It's almost 2 months since BAT was sworn in, he's yet to announce his ministerial list and even the names flying around as potential ministers under his cabinet shows the man is unserious.

Crying over subsidy removal that people have to a large extent adjusted to is a distraction.

I'm only referring back to the subsidy removal because what Tinubu is doing now is catch up. He should never have been in a hurry to remove the subsidy. Secondly, you can't continue to tell the masses to endure while the elite live large. Wahala go shele.

The reason why the price has increased again is because of the exchange rate.

All these are things he needs to consider before making that pronouncement.

More than a month after, we havent even seen anything to show that removing the subsidy was the right decision only for us to see palliative of 500bn for 12m poor citizens and 110bn to NASS and NJC that's less than 500 people.

liveLongNprospa:
Lmaoooo I'm sorry but e be like say you dey fight izzou like say e support tinubu 😂😂😂😂😂.
Larride dey vex..
Well I remember you said on this particular hill, you hope tinubu won't hang himself. You called it

Na Egbon Dayo he remain wey i wan hold him shirt.

The economy practically runs on petrol, the adverse effect is left to be imagined. Before you know it, protest will erupt.

Buhari wey no remove subsidy for 8yrs no stupid like that now.

GloriousGbola:
I heard from an insiderish guy that even the present admin does not know. They are apparently doing a forensic audit to confirm exactly where Nigeria is . Buhari left a terrible mess.

This is exactly why i said he should've wait to do assessment first oo. He will only have himself to blame.

Theflint1:
Subsidy was already removed by the Buhari admin, Tinubu merely restated that fact. Payments for subsidy was supposed to stop end of July, removal of subsidy was never the issue, all three candidates promised to remove subsidy...handling of the subsidy removal is what Tinubu's admin would be judged with.

Are you not seeing the effect of the removal now?

Buhari that was shouting subsidy payment is a scam before he was elected in 2015, when baba got there, didn't he continue paying the salary? You have to access things by yourself and then make decision on how to go about it.

Tinubu was reckless with that subsidy removal announcement on his inauguration speech and that's what he's struggling with right now. I doubt Atiku or Obi will remove subsidy on their first day in office.

Like i said before, this will be a defining moment in his administration, whatever he will make of it depends on how all these play out. he has started on a bad ground, the rest is up to him and his team.

Itsrm:
Is this not in Lagos? Abi you don relocate

Yes Lagos. Saw 560.

afrodoc2:
They should have fixed electricity nationally and then improved transport network in the major cities first. Then when the fuel burden on the average citizen is lower you remove subsidy.

There are 2 problems with that. 1) I don’t know just how broke the country is. 2) Those measures would probably take 2-3 years which might make it too close to the next election cycle with potential for electoral backlash.

Those measures should have been in place before removing the subsidy IMO though. With the way Nigerians depend on fuel to do pretty much everything I am actually impressed with their resilience in these times.

Infact if he had taken just 6 months to access and plan properly how to go about it, the fuel subsidy removal and palliative might have rolled out at the same time.

izzou:
[color=royalblue]Market forces does the exact opposite in Nigeria

If there are 10 importers in Nigeria, they just need to come together and fix anything they like.[/color]

Yes and one of Tinubu promises was to create a price control board to regulate against this kind of thing.

Is that not one of the things he should've put in place first?

izzou:
[color=royalblue]You never answer the question naa..

What period should he have removed it?

Because what you'll see is a sharp rise from 189 to 617, if he removed it today.

People would have endured if they didn't see frivolous spendings from his tenure in less than 2 months.

I should buy fuel for 617, while less than 500 people manage 70 billion as palliatives?

[/color]

He should've removed it when he knew the impact won't be too much as it is currently.

He knew he was going to abolish the multiple exchange rate, he knew the exchange rate was going to affect the price of the fuel and the likes, yet he went ahead and does both at the same time with no breathing space.

And then allocate 110 to both NASS and Judiciary.

These guys no dey touch grass.

liveLongNprospa:
Isn't that less than 1b dollars😂😂

That's around $700m or so.

izzou:
[color=royalblue]We don do about 2 months and we dey manage.

The issue here is why it should keep on increasing, and at the same time, the best tenure yet is sharing pallatives for Akpabio and the rest.

This government is not sincere. Na the truth be that[/color]

Yes they haven't been sincere on this.

The idea of subsidy removal is that market forces is what will determine the price of the product. no more pegging of price. That's what we are seeing now.

TrebleChamp:
😎
Make it go viral Biko, this ₦500b palliative is just an avenue for this demons to steal the country blind again...

500 billion won't build a refinery now, will it? and how long the refinery go even begin construction?

Like i said the day we had this discussion, this will be the defining moment of Tinubu administration. the administration will now be doing catch up.

I wish him well.

izzou:
[color=royalblue]What period should they have removed it?[/color]

I said Tinubu should wait and access things himself before removing the subsidy, that way he can access the impact of the removal and how to mitigate against the severity of the impact on the majority of the people.

Just announcing subsidy removal the day he was sworn in without critically accessing the situation is reckless.

Its been more than a month and no measures is in sight.

afrodoc2:
I said it that time that subsidy can only be removed after measures have been put in place to mitigate the negative effects of subsidy removal but people said he should just remove it one time gbam!

Izzou you dey among those asking for immediate removal with alacrity?

Same thing i said that day oo. You cant be asking the people to continue to sacrifice while you are not even showing any sign of sacrifice from the elite side.

Nobody should've supported that subsidy removal at that period.

I said it that before long this thing will turn to chaos.

afrodoc2:
Hmmm you might be right but probably for people with proper connections but not for a G boy with a potential murder case.

This same guy was arrested in 2020 for fraud by the efcc yet the case was swept under the carpet.

izzou:
[color=royalblue]When i saw that 70 billion for Senate and 40 billion for Judiciary, I cursed the day i supported subsidy removal.

This tenure can hardly be better than the former.

Na the same leg dem take dey waka.[/color]

No be for here una dey follow me argue why subsidy must go,

Itsrm:
Dem say fuel now na 617

The subsidy must go singers will soon start singing a different song 😂

Saw nnpc selling for 560 on my way to work this morning and i just shake head.

He should never have removed that subsidy when he did.

afrodoc2:
In this era of social media it is hard to escape justice in this kind of case. Sweeping cases under the carpet is harder than JAMB now.

Nothing wey dem no fit sweep under carpet for this country doc. Na this same 9ja wey attention span/news cycle no dey last 3 working days before they move to another breaking news.

BlueRayDick:
Someone appended his signature to that document . It’s on the Lowe part of the document .

Anybody can append signature on a document with no name now.

BlueRayDick:
This country na crazy country sha . So we are to believe Punch newspaper or whoever their source is drafted that letter , included the list of almost all VIP’s with police escort and cancelled them 🤦‍♂️

It’s even comical that they are promising to investigate something signed by a servicing high ranking officer .

Mopol 45 is not the name of someone now.

OasisX:


What is not clear here? ".....and FCT [plus FCT]", not ".....all the States of Federation, and FCT", [i.e FCT is independent due to comma, hence its mandatory to get 25% separately there as well].

Read again, slowly and carefully to understand the provision, una Lawyers don scam una well well.....LMFAO!

Finito

reccy:
+1 today.


🙋 🎂 💕

Alhamdulilah.

Happy birthday bro. Many happy returns.

CrystalTiger:
APC Chairman dn resign true true?

Cc- Oasis..

He was never going to last anyways