₦airaland Forum

gare:
What is all this postponement form Damangun should go and rest please, is he that powerful, he was never elected na acting capacity he they muscle the party like this, once Damangun leaves that is the end of the grip of wike on the party, his structres are being demolished from every corner

Politics is far beyond lay pedestrian reasoning ....what's happening in PDP is far deeper than you think,what's lies underneath is far different from what you are seeing on the surface.

Atiku is the only one that can control that party and galvanise it into a viable opposition but he is too aloof and too invisible to lead the cause......Wike wouldn't allow that to happen and wants to shut him out completely and all the other party elders have all gotten their hands soiled that they can't muster any integrity to rein these young bloods in,also many are too broke or now politically irrelevant to whip any influence.

BondRiv:
Instead of this one to focus on why he was elected, but he wasn't really elected, was he? More like rigged in. So he can keep gallivanting and end his tenure with nothing tangible.

You can imagine him positioning for 2027,very terrible people......the small Bauchi that was given to him,what good has he made of it?

EmperorCaesar:


This world-renowned failure and perpetual loser again

His affiliation with negativity is inseparable

He either wails purposelessly or mourn hypocritically


He should shut F up

He didn't visit or condole with them earlier,you were foaming in the mouth like a rabbied dog,now he has done the needful,here you are again jerking off like a cork.

We really need to stop this vile and unproductive insults on our leaders.obi can decide to do what ever he wishes with his time.

festacman:
Farouk was a thorn in Obasanjo's flesh when he was president.

Farouk as chairman of HoR committee was investigating oil subsidy. Otedola was involved but was close to Farouk as a friend. Obasanjo used Otedola to set up Farouk by offering him bribe in sting operation to remove his name from a list of indicted oil subsidy beneficiaries.

Subsequently, Farouk was recorded receiving bribe from Otedola and stuffing some bundles in long cap.

Welcome back Farouk. Congratulations on serving punishment for your crime. Wishing you the best for the future.

It was GEJ govt that started the fuel subsidy probe and Buhari govt jailed him......same subsidy this people are blaming tinubu for removing.

Ojemedad:
Hahaha, na just to sell your kidney remain. No pity for Nigerians

Even people in China sold their kidneys before,so if you sell yours,you won't be the first.

Zionmdde:
So u voted tinubu so he will not take responsibility for anything in the country

Government don't put food on masses table but can be free to tax the hell out of the masses. Or doesn't ur brains tell you that people prosper when the conditions are right for that
The properties he is selling, were u the one that helped him buy it

One can only marvel at the level of stupidity and shamelessness people display on NL

What tax do you pay sir and how much that tinubu is taxing you to death?

Lungs:
APC supporters can any of you alight just two achievement of Mr Tinubu A.K.A T-Pain as the president since he assumed office ?

Subsidy removal

Liberalisation of the Forex market

atiku4President:
Tinubu is doing well according to his supporters

Even when the economy was good since Nigeria's economic woes started under tinubu.....people still sold all their property.....noh be today.

Treadway:
ifnobegod20, watch as this agbado go run oo
liars will go to Hell!
The problem is you lots think people on Nairaland are uneducated such as your lying, deluded selves.

Oya point out the macro-economic improvement na. Those are the indices, that make for good and stable macro-economic conditions. Kindly point out how our case at present is anything like this. Unfortunately many people indeed are uneducated and ignorant is why you guys can still lie so shamelessly and unrestrained, but once in a while, I'll keep doing the Lord's work here.

Oya agbado,show us the stability and improvements 😁

Smh

You posted a diagram and what has that got to do with Nigeria's peculiar situation.....nobody is saying Nigeria is where it should be but every unbiased and honest mind knows there has been improvements on the macro level at least.

The debt servicing to revenue ratio has gone down to about 64% from over 90%

Foreign reserves is up to about $39b

Oil production is up from the paltry 1.2m bpd to about 1.5m currently we were doing during
Buhari.

Forex backlog of about $7b cleared all in one year.

Heavy reliance on govt ways and means have been reduced to less than 5% of revenue.

Nigerian Forex market is currently very stable with sufficient liquidity as against doomsday prophecies.

Exports are ramping up and we have had a surplus this year already.

Minimum wage is up.

Foreign remittances are up from what we had YOY last year.

Increased investment in our oil and gas sectors after some years of drought.

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.

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 doesn't want to use fuel to power their cars and household gadgets.

3. 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.

4. The government is paying debt and at the same time incurring more to it. It's on record that in the last 18 months the money Tinubu has borrowed is over half of what Buhari borrowed in his 8 years regime.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.nairaland.com/8136450/tinubus-borrowing-one-year-surpasses&ved=2ahUKEwiMzp6FvqGJAxWIWkEAHe-wDU4QFnoECBgQAQ&usg=AOvVaw13_0SNcBOnFyjiZP5pLc3x
They are servicing debt and at the same time borrowing with reckless abandon.

5. The macro economy is more stable but the poverty level of the citizens is increasing every day. The impact of macro economy increase suppose to be felt by the citizens. Having record on paper some time is fallacy and that has been the problem of Nigeria. We have beautiful records on paper but physical attestation is saying otherwise. You know the number of companies that have packed up because of this harsh economy and none has come to replace them?

6. Please how many people are making the money? Are those people making the money not also lamenting bitterly? Lest we talk about the downtrodden.
Joe Igbokwe recently lamented on how much he is spending on powering his office and complained bitterly about it and even begging Tinubu to try and reverse the electricity tariff on the premise that it would cause many companies to fold up.

You can defend whoever you want but do it with sense because life does not start and end with the people at the highest echelon of life, there are people that are at the lowest ladder of life and there are average ladder of life, always think about those people because they are part of the society. Yes, some people may be making it but what is their fraction to the whole population?

The economy of any country or the country itself is made up of different subsystems that all work in synergy,all parts are inter connected and an abeyance on one side will inherently affect the others.

Nigeria's macro economic output is very stable and that's why lenders would still advance loans,the govt has done well to arrest the drift we would have been suffering.however,you need to ask what the sub nationals are doing to boost the economies of their individual states.... there is hardly any real development going on except for a few.

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.

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 doesn't want to use fuel to power their cars and household gadgets.

3. 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.

4. The government is paying debt and at the same time incurring more to it. It's on record that in the last 18 months the money Tinubu has borrowed is over half of what Buhari borrowed in his 8 years regime.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.nairaland.com/8136450/tinubus-borrowing-one-year-surpasses&ved=2ahUKEwiMzp6FvqGJAxWIWkEAHe-wDU4QFnoECBgQAQ&usg=AOvVaw13_0SNcBOnFyjiZP5pLc3x
They are servicing debt and at the same time borrowing with reckless abandon.

5. The macro economy is more stable but the poverty level of the citizens is increasing every day. The impact of macro economy increase suppose to be felt by the citizens. Having record on paper some time is fallacy and that has been the problem of Nigeria. We have beautiful records on paper but physical attestation is saying otherwise. You know the number of companies that have packed up because of this harsh economy and none has come to replace them?

6. Please how many people are making the money? Are those people making the money not also lamenting bitterly? Lest we talk about the downtrodden.
Joe Igbokwe recently lamented on how much he is spending on powering his office and complained bitterly about it and even begging Tinubu to try and reverse the electricity tariff on the premise that it would cause many companies to fold up.

You can defend whoever you want but do it with sense because life does not start and end with the people at the highest echelon of life, there are people that are at the lowest ladder of life and there are average ladder of life, always think about those people because they are part of the society. Yes, some people may be making it but what is their fraction to the whole population?

No govt can operate without debt,all the advanced economies,its same.....The resources you have being able to save from subsidy removal and currency devaluation,a substantial part is still going into debt servicing already incurred,there is no easy way out of debt,you only need to improve revenue..... Nigeria economy has been in a deficit now for as long as I can remember and debts keep piling.

Even if you devote all your revenue to debt servicing,govt business still has to go on as your recurrent and capital expenditure framework needs to be funded,the question is how? And the answer is what the govt is claiming to be doing.....only the uninformed would find anything wrong with borrowing in itself.

. [/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.