₦airaland Forum

VeeVeeMyLuv:
Not necessarily

dual exchange rate is responsible for all that.

And also massive haemorrhage revenue from the economy through bunkering, stealing of crude, underreporting production to steal crude, diversion of subsidized products only to end up being sold in other countries

Just imagine if we are able to fix all these, Nigeria would have been fixed.
The potentials are all there

airsaylongcome:
I always chuckle when people say GEJ was weak on subsidy removal. Buhari who is an iron bender and never believed that there was subsidy became president and re-christened it as "under recovery" was he also weak too? Or subsidy wasn't a "problem" in his regime?

I also do not have respect for Buhari. How many difficult decisions did Buhari made? He began consultation after and he was also frustrated. If BAT followed that approach, he would have ended like them.

airsaylongcome:
Thank you for the compliment. So my grouse withis round of supposed removal is two fold. Why did the C-in-C actively oppose it years ago when the burden was lower and we were earning more from crude oil sales? It was a small leak then and we could have easily absorbed the impact as we had a stronger Naira (compared to now). Did he oppose it for personal political reasons? Or did he think it was the best decision?

Secondly, we were promised a lot of infrastructural development when government removed the subsidy from diesel and Kero. Several years after has that promise been delivered? If it hasn't, why should we believe the government that they will deliver now?

Also, all the loans supposedly taken by the last regime for infrastructural development were they fully utilised to develop that infrastructure? Or were they basically looted. Nigeria Air being a case study

Bro, the inability of GEJ to successfully remove the subsidy is a sign of gross weakness as a leader and you can see similar traits of weakness allover his government. So don't blame anyone, BAT was in opposition, he did his job, but GEJ was too timid for the Leadership of a complex country like Nigeria
On Infrastructures, even Buhari's enemies will agreed that he tried on infrastructures given that nothing was left after setting subsidy, yeah there are massive corruption that needs to be dealt with. I was happy he delivered on the 2nd Niger bridge among others, he began fixing the rail also.
If BAT had gone the way of GEJ with around the country consultation, the subsidy cabal would have frustrated him, he outwitted them by coming out earlier than they expected thereby giving them no space.

PROPEACE:
Increase fuel price, increase salary, cost of transportation and price of goods and services increases, inflation sets in, value of the naira falls, cost of petrol increases again and the cycle goes on. That is how a country's currency becomes toilet paper. Minimum wage will be #1m but a loaf of bread sells for #10,000. We will learn our lesson soon. China, Malaysia, Singapore etc did not attain their current height by listening to IMF and world bank, but all our mumu leaders, Tinubu, Atiku, Obi agree subsidy removal is the way. Let's ride on.

I don't agree with this doomsday view. Remove subsidy. How on earth can we be subsidizing consumption? Use the release from subsidy to support the production base of Nigeria and you will have accelerated growth. There are other monetary and fiscal policies to deal with inflation, but first, get rid of this waste.

airsaylongcome:
I don't see you as a Government supporter. I'm just questioning. Yes subsidy should go. But so also should NEPA blackouts. In 2012 when I was pushing for the support of subsidy removal, I was seen as pro-GEJ, pro-government. Which wasn't true.

My grouse is with the way the current regime have gone about it is because they seem to be placing the cart before the horse. For 8 years, personalities in support of this new regime were part of the previous regime. And during campaigns we were told that any government that couldn't resolve power outage issues in 6 months was not a serious government. They had 8 years to solve that but didn't. If power outages are resolved, the volume of petrol we "drink" will reduce. Ultimately reducing the cost of production for small and medium businesses.

Remember that the demand for petrol is very inelastic. There is almost no substitute for it. Meaning that people's consumption for it will remain the same irrespective of price. If people can no longer afford to maintain their current level of consumption then it has a big impact on productivity. And ultimately on GDP. If a business cannot afford petrol for 8 hours operations, they will reduce it to say 4 hours. Meaning they become less productive, resulting in lower GDP and ultimately poorer people. Unless I'm thinking about it incorrectly. Government should have focused on improving power distribution. That would have reduced subsidy consumption making it easier for the government to completely eliminate subsidy. The problem isn't with subsidy. Saudi Arabia still subsidizes petrol. The problem was in the corruption going on within the subsidy payment. Corruption that a lot of people within or aligned with the government benefit from

Very brilliant argument. However, a country that pays over N7trillion to support consumption and borrow to pay recurrent expenditure is heading toward bankruptcy. Provision of distribution capability of the country will require massive investments in power infrastructures both at the upstream and Disco level, where will the resources come from if we have used everything to do subsidy?
Yes, while I concur that fixing the power sector is critical, we must first free the resources to be employed to do that by killing the monster called subsidy

samwillyco1:
What happens to the unemployed graduates, business men and women

Evil policies like subsidy is why it's difficult for youth to get employment. Spending a whopping N7trillion on subsidy leaves nothing to support other intervention program like affordable credits to MSME that should be engine block for employment in Nigeria as it is in developed economy. An investment in infrastructure will lead to increased demand for factors of production which includes Labour.
As a Country, there are far more easier ways to create employment in Nigeria without stress. Just bring back the jobs.
For instance, local refinery of Dangote has brought back over 150,000 direct jobs and probably another 200,000 indirect jobs will be created. Now imagine we put in place a policy that mandated all primary products to be at the least partially processed in Nigeria. Examples are things like Cashew, Cocoa and hide & skin etc, I guarantee you, only with policy twinkling, Nigeria will regain over 500,000 jobs from those few Commodities that we currently exporting in the primary form. We are simply exporting the jobs for our youths as away.
We need sense as a Country

To me this is the area that NLC and TUC should focus their attention on, improved welfare for her members, not dabbling into policy issues such as subsidy removal.
If government increases the price of fuel as it is now, let the Unions fight for commensurate welfare package to counter the effect.
Any Union Leader who wants to come troll policy issues should go and contest election and become President of Nigeria.

Starships4u:
They would arrest them from where??
Uhna reason this thing well??

Does it look the boys were taking her to where they are known or live?

So yhu think those Yahoo boys aren't that smart?

That Woman does not look like someone who will go without setting up the ladder for the coming trouble for the boys, aside it looks like the Police Woman is familiar with that hood

tito44:
Stop opening ur mouth to talk trash.

The woman forced herself into their car and u re here capping carelessly... Thank God the guys got everything on camera. Police has no right to enter ur car or ur house without a warrant.

You also do not have the right to Kidnap a Police Officer (what happened is pure kidnapping). There is big trouble for these guys on the way

What do you do during your off days? The issue is that you need to earn more.
Maybe you can tell us more, because I know petrol attendants earn more than their salaries

CondenseMilk:
I have asked your brother on the other thread to tell me what you people did to Goodluck Jonathan when he removed this subsidy in 2012.

Remember that after the removal PMS was N140/litre then.

One of the reasons I voted against President Johnathan. He's very weak leader. He has no reason reversing his decision on the removal of oil subsidy.

LikeAking:
What's about order abolishing owing of retires?

What about an order that will make it compulsory for government to pay civil servants all their entitlement at least 3 months before retirement and also ensure their monthly pension payments run interrupted.

They won't make such.

Is there anything wrong with the Executive order he signed?

gazilion:
Some people think it is about ethnicity. No! I supported Prof Osinbajo during the APC convention. He was the better alternative. Since, he lost, the other alternative we have is Peter Obi. However, I am not angry that he didn't win the election. I'm not happy that the election is obviously, glaringly and massively compromised but that inauguration is about taking place when justice has not been done! You don't sit as president over a judiciary that would decide your case! It is an anomaly!!

But that has been the rule. Obasanjo was inaugurated even when Buhari went to court, Buhari was inaugurated even when Atiku went to court, that's the process. Bro don't hurt yourself. Bola Tinubu will be inaugurated.

Frank2021:
Just imagine this mumu we are just meeting today she is already demanding I kukuma block am immediately Nonsense

Posting her picture and your chats here without her consent is a cyber crime. I will suggest you should cover her picture and name to avoid troubles

You guys are so vulnerable and gullible. This must be the Ikoyi dollar burst of Nigeria Intelligence Agency that happened in 2015 or thereabouts.
Guys like to Rejoice over negative news about Nigeria. Sad, really sad

Chatgpt is a very dangerous AI tool that you must never use to solicit for any form of advise or suggestion. It will give you believable fake answer like the case of this lawyer.
In my own experience, I was doing a research paper and sought inputs from Chatgpt for my literature reviews and requested for sources and references using Apa 6 format. Chatgpt supplied various copiously believable references which turned out to be non-existent when I did a crosscheck on Google Scholar. I have to abandon those references and got it done from other sources.
Be careful.

BossLA:
Lolz
Eya!!!
I tot u guys said we are closer to yorubas🤣
So because we didn't support ur drug lord and also disgraced him in 2020, we are now igbos🤣🤣

You are Yoruba of course, but you don lost to igbos

BossLA:
Oga i be Edo boy

No difference

BossLA:
Not on a stolen mandate

So says the igbos

BossLA:
"Presidential Transition Council (PTC) - Let's maintain Unity as one people and one nation. Let's support the new administration and build a Nigeria that we can all be proud of"

So i just received the above message.
Kindly help us remind APC and Tinubu that we can't support a stolen mandate

A good leader will strife to build national unity. I didn't see that as begging. After election, Nigeria must heal

mankan2k7:
He knows ijapa meta....

Tell us the story

Why should any man wait on a woman to be healthy. If the troubles at home have become so much that the lack of Sex is causing health issues, marry a second wife.
Bible did not says we should not marry a second wife or simply get rid of the wife, lack of sex in a marriage is a very valid reason to dissolve a marriage.

JOemmy:
Seplat have recently stated that it has plans to relocate it's headquarters from lagos to imo state.

what's your source?

Philistine:
Don't you have shame? South West is filled with brown roofs, it is as a result of poverty and lack of taste among Yorubas, it has nothing to do with heritage. Have sense for once. Haba!

Again which did you visit?

bestman09:
In a normal country, the police would have gone to the mentioned places and investigated everything, but in Nigeria our policemen are on Twitter arguing.

Whether it's 1 car or 40 cars, a loss to one is a loss too many

Yeah I agree, but Rufai should report things as they are. Embellishing it amount to fake news

a4cube:
I was in Ondo last month. Oboy I pity for them. To buy cold water is war. To my surprise they will boldly tell you its not cold, no light. What happened to buying generator to power your fridges? Mud houses everywhere. Those guys over there are layed back. If I go there now and open a proper shop equipped with gadgets, they will start to envy.

I don't get your problems with mud houses. These were built years back when your people were sleeping under the tree. The issue is that traditionally, Yoruba hardly demolish family houses since its most probably that their parents were buried there, so the houses becomes monument. And usually, younger generations goes to new areas for development. Secondly there are a lot of farm settlement that have grown in nos, these settlements have main towns to which they are attached.
By the way where in Ondo did you visit, Ondo town or Ondo State, if Ondo State, which town?

[quote author= post=123342316]Outside Lagos that was built by all, those cities you mentioned are far better than cities in Yoruba land, except you don't what to tell yourself the truth[/quote]The problems is that am not impressed by most of the cities that I have been to in Nigeria, no proper planning, shops everywhere, completely confused set up, no infrastructure so I'm usually reluctant to engage with people on this side of our nation. It's not better either of the side.
But for igbos to conclude that Yorubas are poor shows you know little about us. Maybe you should travel more

[quote author= post=123342071]Stop consoling yourself your people are living in penury, I don't know why you guys enjoy defending nonsense[/quote]Yeah. I told you we are proud of the brown roofs, it's status symbol for us that were already leaving in roofed houses long ago.
For the slums, check very well Na your people dey leave there.
Truth is that you don't even know a bit of Yoruba except via the highways you followed in from ya village.
I have been to Owerri from Ph, then to Enugu, then back to Aba to ikot epene. Nothing serious. I was very disappointed when last I visited Onitsha.

[quote author= post=123341789]How those that help average man in Osun or Oyo suffering in penury Or change the brownroofs and mud houses in Southwest [/quote]Unfortunately you've never been to those locations you mentioned, so I wont take you seriously. For the brown roofs, that's our heritage and we are very proud that we remain the first tribe in Nigeria to live in iron sheets roofed houses while your people were still living in leave tact houses. So next time you get to Ibadan, enjoy the brown roofs and visit educate yourself to Kolapo Ishola Gra only and come back to report here. Just a location.

[quote author= post=123341115]They have the right to chose their location but the refinery is in Imo, Orient head office is in Awka, Anambra state.[/quote]Lets talk about the five star Seplat. The entire company's productivity will be added to the Gdp of Lagos, the choice staff are all in Lagos while the low level officers will be in Imo State. The company's magnificent head office with roof top helipad is on Akin Adesola Road, Victoria Island, Lagos. The biggest iGR from the company will accrue to Lagos State. How about that.

[quote author= post=123340453]The dumb minds also forgot that Seplat, is building Nigeria's most strategic and biggest gas plant, the multi-billion naira gas plant at Assah, in Ohaji/Egbema Council area of Imo State will be commission last quarter of this year[/quote]With head office in Lagos. Let people know this too