₦airaland Forum

. [/b]Let them be deceiving you. Many known figures have challenged Tinubu's government that they are still paying subsidy and till date they have not rebuffed the claim. The subsidy regime is still eating deep into our common patrimony but they are telling you lie that you wish to hear. Hope you read about two days ago where marketers are complaining that they are resuming fuel importation because Dangote fuel is not enough for them. Let us continue deceiving ourselves and still expect the country to launch forward. Kolewerk.[b]

With Dangote refinery coming online we do not see any need for subsidies anymore.....if govt is paying subsidy as you claim,isn't it to alleviate the same suffering of the masses you are here complaining about....subsidy or not,i dont deal on conjectures but hard facts,which you or anyone hasn't proven.

IfnobeGod20:
Let me ask you some salient questions please.


2. The consumption figure reduced because the purchasing power of the people reduced. People now preferred to walk or trek than going out with their cars. Some even parked their cars for months now and only warming it. Where is that money to buy the fuel at over #1,000. The reduction in fuel consumption is due to bad policy and not because people

What is wrong with you walking or trekking,their are people who would rather use public transport than drive to work or anywhere even abroad.

Nobody is telling you not to use petrol but be ready to pay for it as there is no more cheap fuel....the rich have 2 to 3 car convoys together with the wives, children and even side chicks cars ......if an average rich man uses 100 ltd a day at 250 naira and govt is paying subsidy of another 250,thats 25,000 naira of govt welfare going to one rich household a day while the poor man who has no car or bike needs to share 20ltrs with about 18 different passengers to get to and from work that's about 5000 naira shared by 18 poor house holds as against 25k to one single rich household,now tell me who is benefiting more from subsidies that should have gone into infrastructure,debt servicing,student loans,SME loans etc.

Realtruth2023:
How many trucks do you think will come from Nigeria to sustain those countries. You think these guys are just poor beggar countries? Their standard of living trumps ours any day anytime. I have been to Togo, Ivory Coast, Ghana and Liberia so i know what i am saying. There is no way our fuel subsidizes these countries it is very miniscule walahi. The tax system of Ghana is robust, but the key ask is this why try to broaden a tax net on a population that has lost half of its purchasing power and is struggling to survive?
You don't do that, but rather in austerity there are tax cuts meant to stimulate production. where is your conscience to even support this. On the student loans, your comment shows that you are doing vibes and Insha Allah, hoping that it will become an independent fund how?

See my guy do not on the altar of favors defend rubbish and suspend your conscience.

What do you mean by hoping to be independent.....it's in the policy statement if Nelfund and that's the logical thing to do,many people were procrastinating about pension fund when it started and looks where we are today despite it being that's it's a fraction of the population that are benefitting from it.

The tax net in Nigeria as it is needs to be broadened and if you are following the tax reform policy,it seeks to capture loose funds in the hands of the rich while leaving out those down the ladder earning less.

Income taxes now have to be better streamlined and also vat to be removed from some essential goods....we can't get it all within a short period but we need to start from somewhere.....china didn't get to where is is today by driving rolls royces and range rovers with a GDP of less than $500bn,they had to roll up their sleeves and work to get where they are today.

Even if it's less than 10% of our petrol that goes out the border that's no problem but govt is saying they aren't subsidising that,if you want to use petrol pay for it simple,we aren't subsidising you anymore,i don't see anything wrong with that.

IfnobeGod20:
Let me ask you some salient questions please.

1. What is the ratio of those that were given the said students' loan?

Remember only #2.9b was allocated for the said students' loan and to capture 22,120 students. What is this number in a population of over 100m people living in an extreme poverty in Nigeria? Nkan kekere njo yin loju sa

I don't understand the data you are giving,are you telling me we have 100m students in Nigeria? Where are you getting Ur 2.9b from....nelfund just announced another fresh disbursement of 92bn for fresh set of students.

That number of students you are mentioning comes from households that hitherto would have spent their scarce resources on sending their kids to university but now would have those funds freed up for other immediate purposes.....consider the ripple effects on those households,little things like this is what is needed to help reinflate the economy....you are complaining you don't have money and i am telling you to come borrow money to help send your children to school and you are still complaining.

jaxxy:
I said corrupt politicians.

A man with a functional brain in his head would come out openly and say one fubara isn't among the corrupt ones......abeg stop the joke!!

Wasn't fubara wike's accountant general,why has he refused to probe Wike if he wouldn't hang himself with his own rope.

Treadway:
lol...lies lies and more lies...funny enough not even smart ones.

He has increased domestic debt from where maalu Buhari left it by 45trn naira, foreign debt by around $20b, and all within just one year despite supposedly removing electricity, fuel, and education subsidies. How is that an improvement?

Which macro-economic indices improved? Abi you think say na pry 1 children full here?

500m allocation to a state in 2014 will complete projects that 5billion allocation to same state today in 2024 will not. So what the fvck are you and the stupid pbat meadia team going on about?

And what is the harm in borrowing if used for the right purposes ..even almighty USA is having a deficit of about 1.4% this year.

What was our debt to GDP ratio before now,the debt servicing to revenue ratio as gone down to about 64% where do you think all the money to pay off already incurred debt would come from.

Ways and means from CBN that was ballooning under previous govts leading to more debt as been reduced drastically,Forex back log of about $7b cleared,where did you think all that money came from.....how about the foreign reserves moving up to $39bn, are all those lies as well?

You can choose to belief which ever narrative to soothe your political narrative but I choose the positives over the negatives and I know things are looking on the bright side.

Realtruth2023:
My claim of the bogus figures on smuggling was based on experience. My job takes me across West Africa so I have the facts, we did not in any way subsidies fuel consumption for other countries. On the issue of tax, I agree we have to deepen the tax net, but it is sheer wisdom to know when to apply the right timing. It makes no sense to increase taxation in a period of austerity, this makes you appear wicked and insensitive. Ghana with the new template for tax is actually bringing in measures to ease the tax burden and use tax as a means to spur production, while in Nigeria we are using tax just like how the park agberos collect their dues, this will not spur production, bit rather it chases away business. Let us be sincere.
On the student loan, time will tell if this can be sustained because I am wondering how the funding will be sustained with the decline in oil revenues and the unwillingness to harness our agricultural and solid mineral wealth.

What is the volume of fuel that leaves this country's borders and sold cheaper than the official rates in Togo,Benin,Niger,tchad and Cameroon? I am also a living witness of endless lines of vehicles even trucks taking fuel out which is still happening as we speak.

Ghana can have a much more robust tax system than we have because they have been consistent with it and it and it's imbued in every Ghanian that taxes must be paid for growth and development as against the lacuna we have here.

Student loans would be sustainable as it will become an independent fund soon just like the pension fund that many never believed it would work initially.....things like this are the things we need to ease the pains of the people,a robust consumer credit scheme is on the cards and coming up soon to help boost spending thereby boosting productivity,this are some measures put in place to reinflate the economy.

Realtruth2023:
Look there was nothing like bogus figures it was all propaganda. The claim that you were subsidising other neighbouring countries is borderline delusional. Niger build a refinery years ago and even Buhari at a point wanted to buy fuel from them. Cameroon has refineries too. Benin and Togo get fuels from France. The truth is the Nigerian smuggled fuel is used in border towns close to Nigeria which is less that 5% of the total consumption of these countries.
You are talking about stability at macro level. Either you are high on grass or you are mischievously wicked. How can our indices be stable when companies are running away from investing in Nigeria preferring to go to Ghana instead. Did you see the new Ghana tax template, that is how to use taxation to stimulate production. But here they are using taxation to kill off businesses.

Oga student loans is just miniscule bros. People are not making money like before ooooo. Go round and see people suffering, you seem out of touch with reality. There was a video of a woman picking tomato scraps on the floor because she cannot afford to buy tomatoes and you are here saying rubbish.

Thank you for your quiet thoughtful and intelligent posits.

If the figures weren't bogus or downright outlandish,why has fuel consumption suddenly reduced,if we were really as productive to be consuming such amount of perltrol.Have you driven along the west coast before as far as Togo atleast to see the unwholesome distribution of smuggled Nigerian petrol,have you been to places like seme,idiroko,ilela,jibia,maradi,lake chad borders etc and see the scale of smuggling that goes on in these places.
People who benefit from this would complain because they are making money selling cheap subsidised petrol meter for Nigerians to non Nigerians and making a premium.

On the issue of tax,you and I would agree we do not pay enough tax in this country as compared to others and even the little is being stolen through different schemes.Companies leaving doesn't have any bearing on Nigeria's macroeconomic stability,for every single company that has left do you know how many has come in and still planning to come in ....take a drive along the Lagos -ibadan corridor for instance and see new factories springing daily as we speak.....what would you say about the new investments in oil and gas which has been stifled in the past due to unfavorable policies of govt.

People who had been benefitting from our dysfunctional rent seeking economy would complain and not make money anymore because now you have to be really productive and smart to do so.....rather than buying a car every year enriching other economies where this cars come from and calling that properity,you rather maintain the one you already have properly and put to good use.

Student loans aren't paltry but a huge game changer,my daughter is just about getting into an higher institution and I know what it costs to get a kid into a university but studentbloans would free up hitherto scarce funds for my family fir other productive endeavours.

Bobloco:
Senator Ekwunife has now joined the avalanche of mad men and women around Tinubu, including Tinubu himself. 

Instead of telling Tinubu the truth, they turn around and make stupid and worthless speeches, making excuses for Tinubu, whose calamitous economic policies have ensured that Nigerians are inflicted with premium hunger and starvation.

What would you have done better on the economy?

Honestey:
I thought this madam is on board to uphold the law why has she become contractor suddenly?

She came to your house to look for contracts?

jaxxy:
So they didn't have quarters in Abuja b4 or we just have so much money to spend??



Wike is betting his last card on corrupt judges.

When corrupt politicians bank on corrupt judges the truth, Nigerian state/people and democracy are the ultimate losers.

What is the point of swearing at oath if u know u can be corrupted? Judges must remain firm.

Corrupt politicians are like prostitutes. They are loyal to nobody.

You mean fubara isn't a politician?

Hoelujohn:
That's why he fell out with Fubara. He has pact with JB top shot to always get 10% percent

Typical beer parlour or jobless free readers association gossip..... conspiracy theorist of the highest myopia.....it was in your bedroom they signed the agreement.

If that was the case why hasn't fubara driven JB out of rivers state?

Penguin2:
Wike is using building of quarters to buy out the entire judiciary into his pocket.

And look at the idiot they made CJN singing the praises of Tinubu’s Renewed Hope Agenda more than the Minister of Information.

You would have to be the biggest fool of the century to expect impartiality and independence from a judiciary led by this cunt-wrinkled old hag.

Ndi ala!

So judges should continue to live without official accomodation because Wike is fct minister or tinubu is president.....does the houses belong to the judges personally or to Nigeria as a whole?

Mainmanpadi:
Those rubbish listed are only on paper but it does not reflect on our economy.

Says an uninformed arm chair critic like yourself.

Aren't student loans now available?

Hasn't the bogus fuel consumption figures reduced?

Hasn't the corruption on subsidy been eradicated?

Hasn't the debt servicing ratio reduced?

Isn't Nigerian economy far more stable at the macro level?

Aren't people living their lives and many still making money despite your alarmist innuendos on the economy?

If you wish hunger and suffering on yourself so be it.....as for me,the subsidy removal is a great feat.

Manny21:
How has these statistics quenched Nigerians' hunger and eradicated their hardship? Abeg we don't want audio benefits

Subsidy has been removed and we are happy for that .....it's far easier to drive around Lagos now,cleaner air,and more efficient commute time.

The rich had always been the ones enjoying subsidy more.....those down the ladder are living their lives with very little difference but it's the dysfunctional entitled lot that still keep screaming hunger like people are actually dropping dead on the streets.

Bobloco:
Thunder 🔥 Tinubu and pbatmedia

That's all you can contribute to this well informed and carefully stated information.....go on and go see how you would stop yourself from dieing from hunger.

YoungLionken:
Nice one but we supposed to have moved on from this level of still constructing roads when compared to other working countries...

That's to tell you that we have a development gap or what you would call no development period....past govts are to blame for this.

G0Oodharddick:
Wèrey thought he could hide.

The entire world stand with Israel.

This Muslim terrorist countries should wait till Trump becomes US president, that is when they'll know that Israel war with them is just a child's play. Trump would ensure the entire Muslim countries is crushed to pieces. The man kukuma no even like Muslims from day one!

Learn how things work so as to have a better understanding of the world thereby saving yourself stress.....if trump were to be president today,what is happening in Gaza or Lebanon, wouldn't have happened,even Ukraine would have been averted.

Trump knows how to use threats to whip everyone in line and not empty vituperations like old man biden.....hamas wouldn't have deared attacking Israel because trump would have told them if they deared,he would come for them and all their friends and assets and nethanyahu would equally have been put in his place.

Trump is feared by everyone.

Loyalty12:
Wike leave this man alone to work for Gods sake

Which man!! Man who is already on his way out.....I detest traitors!!

RZArecta:
That supreme court judgement was specifically designed to frustrate Fubara but since it didn't work, there's no need to implement it again

You people with your deluded conspiracy theories....is it only rivers state that's in Nigeria and conducting elections as fubara did was as a result of the mandatory order of the supreme court.

happney65:
Did we not tell you it won't work? So why is the FG who was the plaintiff not able to start the payment ASAP? Because they put the cat before the horse.

The money they receive from Abuja is mostly not enough to even pay salaries of primary school teachers.

https://www.google.com/amp/s/punchng.com/federal-allocation-cant-cover-lgs-wage-bills-algon/%3famp

Yes you heard it right. It is the states that come to bail them out every month. As in every freaking month. That is the reason why since 1999 every state has been the one taking care of its LG. Before then LG used to owe salaries and pensions and everything..

The solution to this is let there be true restructing and the states in charge of their resources. In this way,they will be able to take care of the LG the more not all these giving LG stipends that cannot even take care of salaries not to talk of capital projects

Some Lgs are already receiving allocations in billions.....at least I know if Lagos and Ogun state.its all about developing the economic sustainability of the Lgs....if everyone is busy,there will be money for govt to spend but the problem is many are downright unproductive and only few are that's why our economy is the way it is.

Imagine states solely dependent on Faac allocation every month and some people do next to nothing just sitting in offices waiting for these monies.

Salewa97:
PDP should stop this their drama.

The forensic team or whatever they called themselves, why did they go to INEC office without the necessary documents?

The media hype of their court case is just unnecessary

Did you know how much propaganda they ran against the gov elect.....they aren't even good at it and who ever is in charge needs to be fired......it's only those haters from the right side of the Nigerian map that gets an erection from their tomfoolery.

Winks2:
Oga shut up. You're a tissue paper now. Since you're no longer getting favors, your senses have returned, but it's too late now. You are part of the rot. You supported this evil govt and am glad u are feeling the heat.

Abeg nairalanders, someone should pls help me with 3k. My little girl is crying of hunger. I've tried to get a loan from the sch I work, but no way. I was asked to wait till they pay salary. Month end is still far. Pls help me 🙏🙏

Joe igbokwe would have helped you

Flame333:
They will see him as opposition but reality don't lie..


Leave them Mr Bala


I'm very sure the reverse will take place two months into the presidential election of 2027.. So many Nigerians will forget this anguish with just quarter bag of rice.. Maybe you don forget your country

Ask your Mr Bala that how much has Bauchi contributed to Nigeria's GDP since he was gov,how much VAT has Bauchi paid since he was gov.....what is the fundamental development index he has brought about be it education, healthcare, agriculture and industrialization since he became gov.

How much of Mr Bala's budget goes into capital expenditure as against recurrent.....we know their style,they would want to oil the ego of the bitter ones against this govt so has to be seen as different when in fact he is one of the problem.....and fools will be praising him.

Same ministry he held for about 4 years with nothing to show is what Wike is already doing magic with barely a year.

lexy2014:
That's not what I asked you.

the report is on Abia state. when did Abia state fall under Anambra state for Peter Obi to govern?

The same way you group everyone from the SW as tinubu supporters and anything negative that happens even in your bedroom is attributed by you to tinubu.

trutharena:
The reforms are working, but the effect is being felt more by the low and middle class.

Says who? Go to the airports and see how few people are travelling,many can't even sponsor their kids in schools abroad,many can't keep convoys anymore.....that's why it's good govt wants to tax the rich more,imagine someone buying a house for 500m without paying any tax ... A rich man maintains a 3 car convoy,his wife(ves) cars,side chicks cars, children's cars all would be fueled with same petrol govt is paying subsidy on while the poor man who has no car or bike would have to share same subsidised petrol with about 18 other passengers to move around.....hope you now see who is benefiting more from subsidy,rich or poor?

Same rich would send their kids abroad to school and vacation at the slightest opportunity and also buy expensive cars and clothes and other luxuries to the detriment of our local industries with the same Forex that govt has been subsidising so they can get cheap dollars to fund their lifestyles while the poor man in nkalagu or kaura namoda has no access to a single dollar his entire life time.

Oghene86:
And tomorrow people like you will come out and say the country is not working, with your stupid analysis, know your country and manipulate, has Soludo don anything in anambra state that should earn him a second term, please go and rest I am not bother if he wins or not just starting the facts APC will rig him out, not a fan of APC but that's the truth.

You still see that you don't understand how things work,that's why you would keep believing obi won the last elections and would want to impress such myopic narrative on the rest of us.

APC has no business winning Anambra or breaking any sweat rigging soludo out.....soludo brings a certain balance to the polity which is working very well in APC's interest......you don't have to be in the same party to be allies......politics is far deeper than you think it know......learn how things work so you have a better understanding of life,this would save you a lot of emotional stress.

lexy2014:
the report is on Abia state. when did Abia state fall under Anambra state for Peter Obi to govern?

All the people from that region are considered obi zombies with their neo fascist ideology menace....

You can't say same for other regions in this country.

ekineme:
Very stupid analogy; mention your tribe(state), and using your logic, what are your people doing in another state and country?
We have Americans in Africa, we have Americans in Asia, we have Americans in middle East.
So what are Americans doing in those places, since their country is developed.

The fact that some of you are unfortunate and unoppportune to travel out of your village. It's difficult to understand or comprehend why people travel out of their state of origin.
Why are Chinese all over Africa? Including your village, meditate on it.

What's the % of Americans in Nigeria, don't let's go to far,how many SA's are in Nigeria? Nobody tells you not to travel anywhere you want and love anywhere you like but you must learn to respect other people's culture and choices and stop trying to play moral police to everyone!!

If you would be quick to lampoon Lagos for every negative news,you are expected to vent same energy in criticising any negativity in your region,this will portray you as being fair and a balanced critique.

prinzedy:
This one thinks he's the landlord of Abuja.
No worry this table will turn very soon and you'll soon be at the receiving end.

Isn't what he said the truth.....you people should always learn to remove sentiments from politics....Wike is doing a yeomans job in the fct and his boss is proud of him.....instead of you to encourage him and urge him to do more you are condemning him because of matter wey noh concern you.

LadyExcellency:
The report is a fabrication of some sort for the NGOs and the ministries to receive subvention of some kind. I know Abia State at the tip of my finger and can comfortably ascertain the availability of private boreholes which cost so little or moderately to dig.

But if it were Lagos,you would have had an orgasm and be foaming in the mouth already...... though I totally agree with you on the first part

ekineme:
Propaganda machines at work, just to get something to quote as reference. We know the people that practice open defecation, they have been called out several times.
I didn't call names o, but every ** to his own kettle.

That's why you are more concerned about what happens in Lagos and other regions while your region is a cesspool for fecal matter contaminated drinking water......if your region was that good and your obi made his Anambra Eldorado......all your fellow developers should have been back home by now.