₦airaland Forum

GloriousGbola:
Peter obi is a unicorn. If he had entered he would have waved his magic wand and Nigeria would have turned to Dubai - just like that.

All you have to do is look at soludo, who is also taking the hard and unpopular decisions right now, rather than engaging in touchy Feely photo ops. That is what real leaders do.

One thing I'm glad for is that Tinubu is not following in whatever steps that Buhari followed economic wise.

He should take the hard decisions now and hopefully things get better for it. I dont want him to start following the populist agenda at this critical point. Do what as to be done to get this country back on the right path.

liveLongNprospa:
Guy I dey come.. Make I reach house.

I go reply well

Take your time.

The Buhari that everyone is blaming created an MSME clinic in the 6 region of the country where MSME can meet, aggregate and showcase their product and also get on the spot solution for whatever challenges they are getting.

As at today, there are 30 shared facility for MSME in the country.

Segedinho:
Money can be generated from selling defunct refineries.

Ajaokuta steel.

Money borrowed for subsidy removal......


Might be wrong though

So Peter Obi will just enter and put the refineries on sale immediately?

Sell off Ajaokuta steel also.

Do you even know how long the process of selling off National assets is?

Do you know you will have to pay gratuity to those working in those assets that you intend to sell?

The last thing I've heard of the $800m loan was Buhari sending request to the NASS to approve the loan. Whether they have approved the loan and whether world bank has approved and disbursed the loan I dont know.

For argument sake, let's say he get those assets sold off within 6 months, so tell us how the second part of my post will be done. Give out loan to SME? Grant or what?

liveLongNprospa:
Sense.

But na hard men una like😁

So where will the money to put into SME come by? Where will he raise the funds from?

Which sector of the SMEs will the funds be available to and how do they access it?

Let's start from there.

I really hope the minimum wage committee will agree on a settlement where each state and FG set their own minimum wage.

OasisX:


.....you really try bro. Let them wail in peace for now, hopefully they won't be shy to praise the government when results are becoming favorable to everyone and the country at large.

Anybody wey like make he praise the govt or not, na their own business.

But you see those wey dey hate on everything the govt does whether they even understand what they are talking about or not, they will always get called out by me. They can cry for all I care.

This one dey try fetch water for basket. 😂

liveLongNprospa:
Also you agree you were wrong ba about "ALL PETROLEUM PRODUCTS ARE EXEMPTED FROM VAT"
So it's not impossible to have petrol VAT?
all it takes is to remove it from the exemption list ba?
Now is that impossible?

What was in the Finance Act was "All Petroluem Product". I have no idea why AGO was removed from the description of what a petroluem product is. Only Zainab, the former finance minister can answer that.

liveLongNprospa:
So how come we are now having a situation it has skyrocketed?
Who is to blame for that?
You don't want to ascribe blame?
Nobody in government for saw this happening?

Has NERC announced a new tariff?

What is happening next month is review of the tariff as scheduled, it's better you wait for the review first.

Itsrm:
From what I have seen, diesel is not exempted from VAT

Used to be. I remember reading a KPMG article in 2020 asking the former finance minister to clarify if VAT will be paid on Diesel seeing as AGO was removed from the description of petroleum products in the schedule order she signed in 2020.

Not sure anything was said about it since then.

Spy360:
Na agbado 🌽 full Larride brain 🤯 so even when he tries to make sense, he ends up corn-fusing 👾 us.

Says the only person know for his foolishness on this board.

Get lost.

liveLongNprospa:
Larride... Again na simple question, can VAT be paid on PMS?

Omo I don tire.

All petroleum products are exempted from VAT.

Just go and pick up the Finance Act and read ffs. How many times I wan dey spoon feed you ehn Prosper?

liveLongNprospa:
Lmao guy your story does not change what is happening.
You are saying the Buhari led FG could not review or step in whatsoever to create a way to ensure the people are protected this period.

You have not said anything new because the price will still go up.
You make it seem like these things are cast in stone and cannot be changed or NERC chairman cannot be asked to not increase while FG pays this particular subsidy.

Let the poor breef guy.
E hard for you to understand?

If the Buhari led FG did not protect the people, why do you think the price hasn't skyrocketed?

Please stop having argument about something you have no idea abeg.

liveLongNprospa:
😭😭 Before I respond.. Are you saying its impossible to pay VAT on pms? 😭😭

Do you know what VAT is? Let's start from there.

Shaytun:
Whose needs is the fx catering to before? Aliens?

You no know say na $$ we dey spend everyday for 9ja ni.

VAT on petrol has to be one of the most idiotic rumor anyone can ever believe.

Do you even know what VAT is ffs 😭

liveLongNprospa:
Lmao.. My guy you are jumping up and down too much on that cock.
Come down and rest.

So you have said I came here to accuse tinubu because you are defending Tinubu's presidency from this decision.
But I am accusing the FG especially the APC led FG.
These things are not cast in stone and can be very much reviewed.
But it seems for you, it's a serious problem to comprehend 😁.

Lmao, first you have to thank me for giving you the article to read, without the article I'm not sure you will be changing tone that you are changing now.

Nobody is stopping you from not accusing FG or anyone you like, and you will be corrected with facts where necessary like I've done for you this morning.

Now say thank you to me and move.

liveLongNprospa:
Larride are you trying to have a conversation or are you trying to talk like a party man?
Let me know first to decide if to be serious or waste your time

Your problem is that when anybody explain the process how things work for you, you automatically means the person is talking as a party man.

I just explain to you the process that NERC and the stakeholders in the energy business has been running the industry.

Since 2014 when electricity was unbundled and privatized, NERC and the Discos usually review tariff based on a lot of criteria to come up with whatever tariff the Discos will charge. They review most is supposed to be 5yrs and then year on year.

When the first agreement was made in 2014 and the first tariff made $ was 198/1, when the review was done in 2020, $ was 400/1 which cause the tariff to spike during that period, in 2022 another tariff review was done, with $ at 440/$, it caused another tariff hike. A new tariff review is due next month and nobody knows how much the price will be.

What's most important is that the price of gas as crashed which should reflect in the new price but the floating of the naira means the difference in exchange rate will be an important factor.

The issue for me is why NERC is agreeing to use $ benchmark for an economy that runs on naira.

liveLongNprospa:
I'm confused?
The party that could have reviewed this was the apc.
You had 2015-2019 and then 2019-2023.

We Don jam this agbako because of other decisions taken by your party president.

So wetin you dey try do?
Protect tinubu?

Oya protect him nau.

But you'll still buy light for this high amount too because as usual in your mind, me complaining is me doing Obi vs Tinubu.

Yes you are confused. Electricity has been privatized. Everyone knows that.

Of course, I will pay for the energy the same way you and your bands will pay for the energy the same we have all been paying for the energy.

The koko is that you didnt read the article before coming here to spurn "they want to remove subsidy on electricity" and your band of trolls lap it up.

liveLongNprospa:
Lmao..

Woye is an idiot.

Abi suddenly president nor dey ask NASS to do amendment.

As if nor be the same buhari amend cbn act for ways and means to 15% this year to cover the borrowings.

Again Woye na idiot🤣

It's like you guys dont know that most part of electricity has been privatized?

NERC is the regulator of that space and without them, most of these Discos will just be charging anything they want as electricity tariff.

If you read the article I posted, the government is paying these Discos 50bn every month to subsidize their shortfall. 50bn every month is 600bn yearly that the govt has to pay Discos whether they meet their quota of at least 5000MW distribution or not.

One thing I dont understand is why they NERC is pricing electricity based on $$ when we have enough gas in the country.

liveLongNprospa:
What's in the news that changes this.

There is going to be a possible hike of over 40% of tarrif.
What in the news will change that the common man will pay even more?
What the news does is explain the reason.
It doesn't change what is most likely to happen.

So again what is the difference?

So is it the President that is removing "subsidy" on electricity or hiking the price as you and your bands want us all to believe this morning?

liveLongNprospa:
Okay okay.. So with this explanation my dear brother, are we going to pay higher for light or not?

Just admit you didn't read the news, you just saw headline and ran here to troll.

Keep it moving abeg. I dont have strength for unnecessary argument this morning.

For those that actually read news and not just headline, here you go.

https://guardian.ng/news/households-under-pressure-as-new-electricity-tariff-due-july-1/

Itsrm:
You can't buy any decent Toks car below 5-6m now.

Someone I know got a car loan of 7m, he had to add some money to buy a Nigerian used car

The original plan was to buy a Tokunbo. The prices he got shocked him

The customs 9yrs rule is that you cant import a car that's more the manufactured date is more than 9yrs, but if you want to import a car that is more than 9yrs old in production, you have to pay the same tariff as nearest one.

For example, now you can't import car that's manufactured below 2014, but if you want to import a car that's below 2014 model, you have to pay tariff of a 2014 model.

Ibime:
Black market rate for Naira seems to be getting worse. What is the I&E price now? cc Shaytun, larride

Here's what on CBN website, you'll get accurate one from the banks tho.

Ibime:
Black market rate for Naira seems to be getting worse. What is the I&E price now? cc Shaytun, larride

I have no idea but let me check CBN website, they usually publish it on their website.

The market is yet to stabilize. I dont think the market has enough liquidity yet. That's why CBN is increasing withdrawal limits from dom account to $10k per day. With time the market will stabilize.

seankafor:
any person wey dey plan japa, gats to get plans naa..

You no get people or where you go stay or wetin to do and you dey japa..

No be juju be that

Planning is very very important for japa movement.

We go rough ham when we get there no be plan.

OasisX:
📌📌📌

Normal normal Emefiele no fit die well.

Make them just allow us start to use our naira cards again.

obonujoker:
Manchester United are preparing a £45m bid for Jordan Pickford! (Source: Star Sunday)

So we will go from DDG to Pickford? 😂

Make I sit down dey observe first.

afrodoc:
Technically I don’t even think the Stalingrad encirclement was a great tactical pincer by the Russians as such. It was more of the Germans pushing forward stupidly and refusing to retreat (because if Hitler’s mad instructions) and the encirclement happened naturally as more and more Russians arrived to their flanks and back.
Once the encirclement took place though the Russians squeezed the Germans to death in an unbreakable vice.

The great tactical encirclement battles that I can remember are Changping by Bai Qi, Cannae by Hannibal, Tannenberg by Ludendorff.

Khalid Ibn-Walid also used it. Alp Arslan also used it at Manzikert.

Battles of Marathon and Hydaspes can also be called pincer movements.

Larride on that Osmanonline website there is a series about Alp Arslan as well. He was the greatest ruler of the Seljuk Turks who came before the Ottomans. If you liked Ertugrul you wll like that one too.

Ertugrul used to talk about Alp Arslan alot in that series.

I'll check it out.

afrodoc:
1) Three kingdoms

It is about the breakup of the Han Dynasty. Lots of great characters here including Cao Cao, one of the most devious characters in all of history and his protege the equally diabolical but infinitely more patient Sima Yi.

2) Qin Empire 1, 2, 3 and Qin Dynasty.

Watch it in that order to follow how the Qin dominated the Warring States period and unified China.

3) The King’s War

About how the Qin fell and the Han took over.

There are a few other good ones but the subtitling will drive you crazy.

Thank you for these recommendations