₦airaland Forum

SmartPolician:
It's not the same. Do you know the number of years people living in Eleme have survived with Nigeria's refineries flaring gas into their air? Do you know what it means to inhale carbon II oxide and sulphuric acid every day for the rest of your life? That's just for air pollution.

Oil pipelines burst, rendering their soil infertile for decades, killing aquatic life, and destroying sources of water for domestic use. Do you know the number of times people in Yenagoa filter underground water before they can get decent water due to underground water destruction by oil activities? Don't go comparing the two scenarios.

If you live in rural communities where oil activities take place, you will keep wondering what they benefit from being identified as Nigerians because the price those folks pay for this country is unthinkable.

SmartPolician:
I am indifferent about port cities receiving a fraction of its revenue, but don't go comparing it with oil-bearing communities because those folks pay a heavy price from oil activities

Brendaniel:
Apologies if I sounded insulting in anyway yesterday, I only wanted to tell you the truth, I don't like insulting people...

anonimi:
Why did Tinubu, Fayemi and APC play politics with the matter in 2012, using expired Buhari's 2011 running mate to lead the protest in Ojota?

By how much is Tinubu government forcing Nigerians to subsidise the massive corruption in the oil sector now for every litre of fuel

anonimi:
A LARGER part of the subsidy savings is being stolen by Tinubu now, otherwise why is he borrowing more than PDP presidents

Moreover, what is meant by savings of OVER $84 billion in the article:

anonimi:
Oga Lawani, please how am I supposed to know where Tinubu and his people get their numbers from

anonimi:
Kindly mention your own favourite politician who is not a thief?

In any case, how is Atiku a bigger thief than his likely opponent Tinubu who has borrowed more money than PDP presidents despite saving $84 billion from subsidy removal that hiked petrol price to almost N1,000 instead of crashing it below N200 it was in January 2023

Streetinvestor2:
Don't worry be happy in 2027 we will give Yoruba president which has been for 3 Yr now 10k votes in SE.When I ask u simply question on that dot claim u will disappear like others..lol.
So labour party could rig with apc governors in a state.So u people are just wasting money to buy governors to join apc.In case you forget Imo and Ebonyi was APC governors in 2023.

Criminalgoment:
Ofcourse the Igbos ( Easterners) are the majority christians in Nigeria sir, igbo is 95% christians, the remaining 5% are politicians or few that became Muslim because of what they will gain.i can't really say how many percent the pegans are because even most pegans goes to church too in igboland

The way you sound shows you haven't been to east, you don't read, you are maybe timid for you not to know this about Igbos sir

Let me put it simple for you sir, Islam is an odd religion to the Igbos . Majority of Yoruba christians are from Muslim family's, my wife from kwara state is a Christian while the dad is Muslim and still begging her till today to become Muslim again, plateau has more christian population than oto state sir.

Streetinvestor2:
Why do u keep misrepresenting things. Who told u thr was no tax law last yr.That u have new tax law does not mean government didn't get tax last Yr.The major tax revenue has always been from coperate businesses and civil servants. It is still same now.They have always paid 30%.And the minister never said oil revenue. He said 2025 government revenue target. This government has lived only on borrowing both internal and external. I hope you know all those short term governance securities are borrowing.,TB,Short and long time bonds, sukuk etc.
This government has borrowed the country to fouth generation. Tell us what is this non oil revenues u have been talking. And how much it has brought to the country so far.Mention each of this products or services and the amount it has generated

Streetinvestor2:
So the minister of finance does not know what he is saying. Abi he doesn't know the components of revenue generation for the country

Streetinvestor2:
The government lied about revenue shot falls. And revenue is not only from oil.The tax and others are inclusive. The minister of finance confirmed thr was serious shot fall and the cabal in lagos are calling for his head when they lied they already made it in 9 months

nairalanda1:
Much of that revenue was filled by borrowing. That's because oil prices had fallen that the expected deficit rose, meaning more and more borrowing.

As for revenue from tax, it was poor. Very poor. To the point that MDA's were not raking in enough money, and VAT for example has been below 7 trillion naira.

Your country is still resource dependent. It's not yet uhuru.

nairalanda1:
The problem is, the deficit would be filled by borrowing. That's not less oil dependency, that's filling in a hole left behind by very low oil prices.

At best, government got to ramp up taxation in short term, long term, diversificaiton. It's not a one day thing, and also, we got to fight corruption urgently.

Brendaniel:
What you couldn't still prove yesterday, no single evidence to your claim, you people hate facing reality, that's why Nigeria is the way it is today, people who reason like you are currently in power now, who have supporters like you...


Just take a look at the country, does it look like what normal people are governing?

Brendaniel:
It is either you people don't know how an economy works or you people simply just want to act like you don't know, Did Buhari not face the same challenge of oil production even worse than Tinubu?

Yet Tinubu has not achieved more than Buhari even with subsidy removal, he is even borrowing more than Buhari who paid subsidy....


Why do you people hate facing reality?

nairalanda1:
Yap, and AI told him

Meanwhile,



SAUCE

If we were less dependent on oyel...why do we still have a benchmark crude oil price then for revenue?

Yep, something's up.

Because of low oil prices, really lower than we need, which is not the same thing as the 'benchmark' , the budget is going to be financed a lot by borrowing. The tax revenues may rise due to the new reforms...but that is yet to be seen.

Brendaniel:
When Tinubu did not even meet up with last year's revenue target still short of over 10 trillion, he is still running 2024 and 2025 budgets in 2026, still taking loans, piling up debts both local and foreign, you seems not not to understand anything about governance or you people simply choose to act like you don't understand...

Kemetian:
I keep telling people to give Tinubu a chance.

Tinubu is intelligent. Leave him to fix this land.

Kemetian:
Nigeria does not earn enough to NOT borrow.

Hardly any country does. Except a handful of tiny gulf states like UAE and Kuwait.

Even the USA owes over $38 TRILLION.

Nigeria's current debt is $90 billion.

Yet we are almost the same population as USA. They have 320 million people. We have 250 million.

We are massively under-borrowed.

We need to borrow MORE, NOT LESS.

Given our size, out debt level is criminally low.

We should be owing at least $5 TRILLION by now.

And the whole country would be looking like heaven!!

Industries everywhere generating money.

How the USA is repaying their own is how we will repay ours.

If I was the president, I would BORROW ALL BORROWABLES AND BUILD THE COUNTRY.

$TRILLIONS.

When we are a superpower in 10 years' time and the creditors come knocking, we will sit down and share drink with them and talk.

Brendaniel:
But in Tinubu's case the debts are piling up, so what is the justification?

Brendaniel:
So what is Tinubu still taking loans for?

Putinofrussia:
I was talking about an unserious FG that had been majorly run by the North who only look at Nigeria as something they should eat and not grow.If you are from other region,You join them in eating Nigeria down,you are even a minority in their midst.
If the North doesn't change in giving Nigeria problems upon problems,Nigeria will inevitably divide.
Odua group is different because they have congent goals of growth and development unlike Nigerian FG established firms.

Putinofrussia:
Well,we will manage.
50k for #10,000 and above transfer is very minimal.
At least,I can give a beggar #100 everyday.I would equally be happy to pay tax if our politicians would utilize it morally.