Bobloco:


FAAC increased but the value of whatever they governors seem to collect today have greatly depreciated in value due to Tinubu's calamitous economic policies.
How much is the Naira exchanging to a dollar today under this calamitous Tinubu regime?

Without paying subsidy, Tinubu have even borrowed much more in his first fifteen months than what Buhari borrowed through out his eight year tenure with subsidy payments

There's no explanation for this monumental disaster Tinubu have turned out to become. He is arrogantly clueless.
The number of Nigerians Tinubu have pushed below the poverty line in his first fifteen months in office is much more than what other past presidents of Nigeria have done combined

Tinubu is a disaster

it seems like you don't know the difference between billion and trillion that's why you are talking like this....1 billion seconds is just 31.8 years.....1 trillion seconds is 31,688 years....thats the type of difference between a billion and trillion .....put that in context of how much FAAC is sharing now and youll understand even with the high value of dollar states are far well off than they were last year...so instead of facing Tinubu asking where the money is call your governorand ask him what they are doing with their increased FAAC...at least on the FG side we can see them managing our debts better and taking steps to strengthen the economy......in fact the government decided to share only about 1.3 Trillion of the 2 trillion they earn monthly and save the rest cause when you flush that kind of money into the system all at once you drive up inflation.......

HardMirror:
what a ignorant statement. NNPC does not have to be the only source of Fx, it only has to be the major source of fx to have such impact.
People like you and Helinues talk without common sense. I have explained my point and somehow i am being proven right.

Bill gates just brought up the issue of low tax in Nigeria. I said the same thing yesterday here. Helinues hope you are paying attention?

Dollar is now N1625. Pay attention. Nigeria has a unique economy and the way our government works is unique.

Fg wants this high exchange rate. it is strategic. If they tell you otherwise, it is just politics.

stop lying your stance was it is our only source of fx.....then you went and posted the link like an idiot proud of his ignorance ......seems like you managed to get small sense now you're trying to wiggle like a small rat......also think long and hard in that rat brain of yours why a government would want to keep the dollar value high against its own currency just so they can make small change.....when they know if they strengthen their currency it will allow them afford more in the international market and increased inflow of FX will give them just about the same amount of money even if the price is lower......

HardMirror:
if not for stupidity, you wont type this rubbish. What is the Nigerian annual budget based on? Is it not on crude price and FX from NNPC? Or you are too young to know this?

and they told you crude oil sales is the only thing we have going for us to generate FX? Crude oil is the only thing we have going for us ba? Better sit and reason properly.......

Bobloco:


After removing subsidy, where is the money saved from subsidy removal

the Debt you were owing Quatar you think that just walked away on its own? All the extra money your governors are collecting just magically appeared? FAAC that was sharing 400Billion in 2023 is now making 2Trillion and sharing 1.3Trillion across all levels of government......

vanbonattel:
Peter Obi is a phenomenon.

Do you see how many haters invaded this thread as soon as Labour Party was mentioned, that's because Peter Obi infused the party with his popularity. A man so loved that millions of Nigerians went out to register for an election as soon as he indicated interest to run.

If Peter Obi is allowed to rule, Nigerians would have enjoyed good governance never seen before, the man simply understands how to deliver on good governance. Anambra state was bad before he arrived to save the state, and the state keeps doing well today.

Only haters can say bad things about the great man. Obi can move to any party and swell the votes and win the presidential elections, God bless Peter Obi. God bless every Nigerian that loves good things.

lol please don't say that last part to Soludo......🤣🤣🤣

Bobloco:


So the reason we are in this mess, the reason naira is exchanging at over #1,600 to a dollar today under the Tinubu regime, is because the government has been subsidizing dollars since 2000 to 2023, not because of his calamitous economic policies. 

Truly, it has been said and proven that Tinubu's paid agents, the BATerians, are the most unreasonable set of homosapiens to have ever emerged on the surface of the earth. 

you're right he should have continued to subsidize fuel and dollars for you so that our revenue to gdp will move from 96% where he met it to 120% and when the country becomes bankrupt all our creditors will stop borrowing us money come down to Nigeria and start dividing the country and seizing government assets to get back their money.......shey that's what would have made you happy?

HardMirror:

https://businessday.ng/news/article/nnpcs-naira-profit-masks-dollar-decline/

how does this help your point? Or for your mind you believe NNPC is our only FX generator to base forex flows solely on them?

IyfeNamikaze:
Oga abeg relax, we're not talking about the World cup championship, na Naija league championship we dey talk about. Be calming down small small

point is power is not giving at any point or place in time.....and if you feel disturbed that others have it you too should reach for yours.......you people are condemning Tinubu but If the royal family the biggest gangsters the world has ever known ask any of you to come over you will run down there and be smilling all the way........better learn to value your own

HardMirror:
Let me break it down.

Imagine the FG earns $1billion dollars and exchange rate is 1500 naira to 1 dollar.
That will give the FG 1.5 Trilion naira to spend.

Now imagine that the exchange rate goes down to 200 naira to a dollar.
That same $1billion now worths only 200billion naira. Meaning the government lost N1.3 Trillion which it could have spent to pay salaries and other expenditures it has in naira.

Forget about dollar going down. It wont. Helinues. Read this if you do not understand what i am saying then that us your problem.

you have no understanding of economics and I pity whoever has their money in your hands.....

BigDawsNet:


Okay, so as an Apc member or supporters? Be honest. Are you comfortable economically

For the past 1year of the administration, how hav you been coping?

And if you say its a done deal! And u want them to keep ruling... do you think things will get worse economically or miracle may happen?

you forget Politics is a different animal from Economics......

Bobloco:


But why has his economic policies become catastrophic, thereby inflicting premium pains, hunger, and starvation on the citizens, making him the worst president Nigeria has ever had?

when the government was subsidizing dollars for Nigerians since 2000to 2023 you no know say one day you go pay?

Bobloco:


Tinubu did it you mean

Well yes....long before he became president he helped build the environment the refinery bow sits on....and even though he was mocked for it he helped bring to power a government that supported Dangote with cheap dollars for 8 years...and when things staryed hetting heated he brought about the local sale percentage for all crude oil mined in the country and asked that it be sold in Naira to all local refiners Dangote especially ...however you look at it you cannot Deny Tinubu was a key player in that refinery......

LagosPrince:
Princeoflagos warned us all about tinubu before the presidential election but we didn't listen , now it has come to hurt us all.

Lord have mercy

you mean the same prince that has refused to surrender his left balls after using it to swear that Tinubu will never be president......

Bobloco:

. what plans does Tinubu have currently

We have the Dangote Refinery.....if nothing issue of supply is gone.....imagine we had to ne dealing with high Cost of petrol and still not have adequate supply while still burning what little FX we had on imports since that time.....

udemzyudex:


Who ask you all this one?

Celebrate what exactly? Don't we have refineries in Nigeria?

yes but combined what is their capacity?

Biodun556:


Let's wait and see

I believe forex demands will reduce and naira will rise

There's no need to argue....the next 4 weeks is sure to be interesting.....

Bobloco:


But Tinubu and his allies sponsored, funded and organized protests and civil disobedience against 120 naira per liter in 2012

It shall never be well with those who worked, supported and encouraged this calamitous Tinubu regime

yes cause jona had spent all our money and with no plan in place for a sift landing he's next big plan was to remove subsidy......

Majesty7:
How much is dangote petrol going to cost? You guys should wait

leave them let them rant....it's their momment.....ive said people should wait for NNPC to give us the official price but people just want to shout so let them.....

Spy360:

Wow! So we have an incredible 8.7m idiots in this country according to INEC? And you're proudly one of them

Yes.....we are the quiet Majority and you will be under our command till 2031......

RZArecta:
make una dey sniff una cow shît dey go front

lol tell your mother to go and confront Folashade Tinubu......😂😂😂😂

Spy360:

So you are among the so called 8million idiots according to INEC

8.7 Million.....

ivolt:
The chance of Adeleke's reelection just improved dramatically.

lol.....

CharleyBright:
Awon Ole jati jati.
Tinubu Family is one breed and groomed to be thugs and looters.
Now they have carried these criminal vices to the national level.
Now that they have put a CJN in place to protect their interests, I wonder if that court judgement Or the Judge that pass that judgment will stand.
A single family has hijack the country.

if the Tinubu Family are thugs and looters then what do you call the British royal family? Or the Rothschild? Don't go and start your own thuggery and looting dey dere dey whine.....😂😂😂......

RZArecta:
Iyaloja general of where na ?

of Nigeria.......

Spy360:

My brother it depends on everyone of us. I don't know what else we need to motivate us to react. More hunger? More arrests and execution? More stealing and recklessness? More Balablu?

In most countries, for them this government would have already crossed the line with that useless subsidy is gone statement on the first day of this useless government

yen....yen....yen.....

mrvitalis:

PDP removed subsidies and price was ₦145 APC said no

Now pay subsidies and price is ₦650

how many times did pdp remove subsidy in 16 years? You thought that was the end of it or that meant that was the off load price? Fuel landing cost has always been about 1k per liter.....because it's a security product government has always cut off the off loading cost and subsidized the rest to what they feel the pump price should be.....pdp despite saying the removed subsidy from obj to jona still kept paying it to keep price at 145.......but if you feel the current pump price is too much you sef drop your salary to run subsidy......

mrvitalis:

Honestly Jonathan supporters were not this stupid

what are you talking about ? Did you people think even under Pdp and their failed years that it was the landing cost you were seeing at the pumps? How do you think they managed to deplete out dollar reserves in 16 years?

Mercenary123:
. Only the yoruba APC and their northern cohorts overrate Wike, down here in the better south,he is nothing absolutely nothing

But yoruba media houses keep making wike feel relevant that he is not

Okay.....let's wait and see.....

LocalStandard1:
This is a very hard task to accomplish! it is more easy to fool someone than to convince them they're being fooled after they've already believe a lie. I will still try.

I made a post and I said nobody under heaven can argue with me that subsidies are bad, whoever says payments of subsidies are bad is either ignorant or devious and wants your downfall as an entity. Here's why....

You can not point a single country, not a single major country on earth that does not pay subsidies. You'd be surprised to know that even the richest people in the world today have their businesses and even wealth subsidized by their governments. Elon Musk would have never breakthrough with his electric vehicles without US subsidies, he would never have been so wealthy too without tax breaks and direct waivers and other government subsidies.

Today Chinese corporations, companies, industries can bring unimaginably massive returns to the country and government because of the literally trillions of dollars given out as subsidies to them. China today is a leader in electric vehicles cause of the government subsidies, and these industry has not even yet started making profit. China today are in battle with Western countries because the latter are too broke to compete with Chinese government subsidies to its industries.

Today many African countries are facing food shortages as Africa is the only continent in the world where government is totally not involved in any kind of subsidy payments to the farmers. They're left to rot, and rotting they really are. While the US, China, Russia and you insert any country, heavily subsidizes agriculture. Please do research on this and see!

Now let me explain a little how money and economy works....

Money itself is only paper, a branded useless printed paper. A country's brand for exchange. When a government gives out money as subsidies, businesses move well, seamlessly, faster, more robust. The economy moves and grows well and people become richer and more successful. Then, my people, that is when the government can tax these people and businesses and use the taxes for other purposes. We've seen the state of Nigeria today and the economy since this anti people, anti subsidies propaganda character took over.

Nigeria as a major oil producing nation should and most enjoy petroleum products at a very subsidized rate. At least petroleum products! But what really do Nigerians gain from the country? What other single government intervention has or can reach everyone, both rich and poor, urban and rural citizens, like subsidies through Petroleum or other government subsidies in general? No "palliatives" can match that!

The biggest enemies of African nations are the World Bank, IMF, the West and co. Subsidies is as old as any structured human civilizations, it has been in existence in many ways right from Adam and eve.

But the Western international monitory organizations, which their own countries pay subsidies, convinced Africa through massive brain washing, espionage and propaganda that subsidies are bad. But them giving politicians loans for allegedly distributing "palliatives" is what is good? But where are the "palliatives" they lie and borrow money for then?

You know someone is pure evil when they support "capitalism" but also try and convince you that subsidies are bad.

But we'll see who is right and who is wrong. Yet the reality proves I am not!

nobody is saying subsidies are bad, subsidies are great if you can afford it.......Nigeria is not the only country to cancel subsidies on Oil and it won't be the last......

Moblux:


Then, let them sell the current ones. This administration is insincere and very deceitful. Ẹ wo bí ó ti bó eyín bí ọmọ tí wọ́n ra ìṣeré fún ní ọjà ọba.

They already sold Three from the last fleet.....

tunjijones:


And you believe wike can win Jonathan in a pdp primaries?

Bros, who wld you vote for out of the 3. Simple question with straight forward answer.

Wike will slap the 💩 out of anybody that tries him in that primaries.....he might not run but whoever does will only do so by kissing Wikes ring.....

Believeintruth:


Are Yorubas in Orile who destroyed BRT buses and ribbed people not the head honchos of Agberos? Yes or No? Because that is what the topic is all about.

The Topic is Agbero....The Point is your brother is part of them.....