₦airaland Forum

9jaRealist:
Most nations subsidize PRODUCTION, not consumption (as we do in Nigeria)…
When price of imports rise, we ideally should become LESS “import dependent” and turn to local substitutes and/or inputs.

Furthermore, not quite sure what “income” you’re referring to?
Dangote’s earnings from, and exports to, other countries are repatriated in dollars (which should translate to MORE Naira).

Tinubu may well be a Drug Baron…
But this seems at first blush the BEST forex policy (no policy is perfect) for Nigeria, and hopefully his successor continues it.
>

Wawelexy:
Considering the current situation in Nigeria, your point might be invalid, the fact that some other companies are doing what's wrong shouldn't make it a norms...


UAC ain't a small company and will never pay it's worker a 40k salary.. it's you the outsourcing company that reduce the actual pay from the company to a non feasible amount (SOL, Wajfort etc). As at 2012 you guys pay casual workers 16,500 excluding overtime, but was later realise that the company pays the outsourcing company closed to 50-60k for each staff, come on, isn't that too cruel considering the difference? It was when the south African company (Tiger brand) bought some shares and force you guys to review worker's salary before you made an increments to 20k then....


What I'm saying in essence is, you people shouldn't make a bad practice a norms just because others are doing it... No matter the level of people you recruit, even if it's primary school graduate, surviving with that amount isn't possible in this current Nigeria, will the amount of soap be sold differently to a young boy just because he is a jssce/ssce pupil?

Let me burst your bubble, those we both join the company back in 2011/12 are now staffs, which technically means their pay are now higher, but most of them still complain of poor standard of living despite working more than 10 years, some of them in my DM with disturbing messages... If this sets of people can be like this, how much more of the new ones earning 40k or less? Not offence meant please....

Nilon:
should graduate apply?

IamV:
He noted that if this was a normal court seating, he'd have walked the lady in question out... Slay Lawyer in the House.

From tomorrow, the court will enforce it but for today, 'Go and Sin No More.

He told the Petitioners Counsel that himself is dressed like Ezemuo .

But I thought with the ruling of hijab and Co.....u can mix babalawo dress as a lawyer.
Or am I missing something


Alright , let's get back to the business of the day.

UP NEXT ; SOKOTO STATE

FahBuLous:
is there accomodation?

bitingcool:
Believe Nigerian government officials at your own peril.
They invested heavily in the Dangote group on an individual basis. The group borrowed US $3 billion to build the refinery, which evidently cost US $3.8 billion to build.

Fraud No 1 - The refinery was revalued in paper to US $13.9 billion when it was 70% completed.

.
Fraud No 2 - NNPC led by Mele Kyari, the statutory industry regulator and affirmatively a competitor with four moribund refineries in Port Harcourt, Warri and Kaduna, decided without public knowledge or imput, to buy 20% shares in Dangote Refinery. 20% shares is US $2.8 Billion.

The total amount required to revamp Warri and Port Harcourt refineries is US $2.65 billion. The question here is, what is the special interest in Dangote Refinery?

Fraud No 3 - The president of Nigeria hurriedly commissioned a refinery that is only 80% completed. The refinery may not be functional until January 2024.

NNPC, the industry regulator had advised the House of Representatives Appropriation Committee that the Dangote Refinery would be up and Running in March 2023 hence there would be no need to make provisions for Subsidy in 2023/24 Budget. Unfortunately, the Refinery is not ready and there are no provisions for subsidy in the budget.

At the commissioning of the half baked Refinery, Emefiele, the famous Central Bank Governor, announced that Dangote had paid 70% of the loan he took for the Refinery. I am forced to ask, how did a Refinery that is not operational raise money to pay 70%? The Nigeria stock exchange does not have any record of share sales in relation to Dangote Refinery other than the NNPC investment.

Fraud No 4 -When Dangote came into cement production, the government brought in a fictitous quality standard designed to restrict cement supply to his company and cut off all imports. The same style has now been adopted to grant Dangote the exclusive right to supply petrol to NNPC at a price determined by Dangote and his co- travellers.

Conclusion - the subsidy removal was planned and agreed by the government as a pre-condition for Dangote to build a refinery when the Western world is moving away from Fossil Fuel. The removal of the subsidy is to maximise profits for the owners of Dangote Refinery ie Mr Buhari, Mele Kyari, Emefiele, and so on. The list is long. They do not care about the common man. They forgot that there is no social welfare in Nigeria.

They can tell us stories about loans and palliatives to deceive us as usual.

What they do not know is that Nigeria is about to be set on default setting!🙆‍♂️🙆‍♂️🧎🏽‍♂️🧎🏽‍♂️🇳🇬🇳🇬😎😎

mostob:
Vieira announces he is expecting a baby with his girlfriend.

No wonder, the guy dey play rubbish. Normal normal, em no get stamina and strength. The small stamina wey em get wey e suppose use play better football, na inside bedroom em dey waste am.

jude79:
Tinubu's media boys should rest, the guyman, tinubu can't spin anything new, if it looks like a scam, smell like a scam, walks like a scam, speaks like a scam, and the executor is a well known scammer with dubious background, fake non existent primary school, fake claims on secondary school attended, with no known classmates, obtaining fake certificate, which he used to become Lagos governor, to be president he campaigned with fake bishops endorsement, fake building of Lagos achievement, and claiming jakande's achievement, fake financier of fake labour chairman, fake company accountant, living 200 times above his purported salary, then Nigerians run, cause this his subsidy removal is also a scam, no man learns how to use left hand at old age, scam took him to presidency, and you expect him to abandon scam, all of a sudden.

Iamzik:
Nothing more to explain chief

Tinubu made a mistake with that careless pronouncement and pride will not allow him to address the nation that it was a mistake or to call stakeholders for consultation.

You can remove subsidy but there must be conrete provisions to lessen the impact. Abuja is not Lagos where no one will challenge anything he says.

I'm in Lagos and alapere to ajah round trip is now 4k. How can a civil servant earning 30k go to work and feed his family, pay school fees?

Those of you that are not affected by the subsidy removal should allow others to protest in peace