₦airaland Forum

Agbegbaorogboye:
1. I guess the moguls that were given bailouts during the global financial crisis were poor. What about the oil production subsidies? Are they also for the poor? America is a capitalist system with strong welfarist state.
2. Personal economics shouldn't be a problem for macroeconomics. If I buy something I can't afford, there's no reason it should affect the macroeconomic stability of my country except in a case where there's corruption underneath the transaction. But I also don't believe most Nigerians buy things they can't afford. I think it's just gaslighting from you.
3. Subsidy (on petrol) cannot continue forever but it can't be removed in isolation like now. It's become a fundamental for our economy. It's just like saying we want to stop oil exploration because of the damage to the environment. What do you think will become of the country?
I already explained it's a question of policy. If Tinubu is not happy with it, he can change it. I don't think the minister deliberately chose that approach since it's same across board.
What is obvious is that the approach failed under Lai

Agbegbaorogboye:
Whether he stays or not is not an issue for anyone who is not his employer.
My point is that Lai's methods were largely discredited even before he left office. His townhall fizzled out. This administration made it a policy to shift away from that tactics. It's not just the minister, even the SA has not been boisterous like Femi Adesina and Garba Shehu were.
What I'm pointing you to is that it isn't just about the minister. It's a posture for this administration to in all facets stay away from adopting the former administration's approach.

Agbegbaorogboye:
America subsidises both the rich and poor. The agric subsidies are for both rich and poor farmers. The food stamps are for the poor but interventions in clean energy, EVs and smart homes are for the rich.
I don't think there's any Nigerian earning 26000 naira who uses a phone of almost 1m naira. Your exaggeration is totally ridiculous even to a dummy. You see why Lai's methods never worked now? When you gaslight, you make people more repulsive to your message.
If you pinpoint the leaders' luxurious lifestyle as the problem, why then do you say subsidies being removed are a good thing. Has any society prospered where the poor carry the rich?

Agbegbaorogboye:
If Lai Mohammed did a good job, the Buhari administration won't have the high level of negative perception it has presently even from members of APC.
I listened to the present minister and the SA on media when they took office and they emphasised a shift away from propaganda and gaslighting in relating with the public. If Lai did a good job, his method won't be roundly condemned by his successors.
Saying the so-called good policies will take 2 years before having benefits is an admission that the govt is not sure of the outcome of the policies. Don't forget that the govt itself through its officials claimed naira will stabilise and find its "true value" latest last quarter of last year.
Same govt claimed PH refinery will be working by December.
Same govt claimed CNG buses will be available by December. These are just examples of missed deadlines I'm giving you.
So if a govt that's had so many missed deadlines comes out to announce another one as you're doing now, it's going to have less trust in the bank with the citizens who will see it as a lying govt.

Agbegbaorogboye:
What about other govts that subsidise so many aspects of their economy for years?
Does your analogy of mother and child apply to them or it's only a peculiar thing for Nigeria.
Even Nigeria did not just start subsidy post covid. Subsidy has been existing for years

Acidosis:
I have never been a fan of "sending people to the farm." Nobody will listen to you. Agriculture right now is very unattractive to many graduates. Folks who studied agric courses spent 5 years in school; they're not going to go through that stress only to end up with miserable and insecure jobs with peasant pay.

To make agric attractive, we need to move away from peasant farming to modern day practices. Lets get local and international investors to invest in that sector. If Tony Elumelu or the Adelekes, Otedolas and Dangotes decide to invest in that sector, graduates will apply in their numbers.

We can't abandon that sector to the "Kamorus" looking for 35k earners and hope that people who spent 5 years studying Agricultural economics and extension in FUTA will send their CVS. They won't. I'll rather burn my certificates than pick up a h.oe and cutlass too. We must evolve and make that sector attractive.

We don't have to send 100,000 graduates to the farm. This sort of schemes have consistently failed over the years. Till tomorrow, it will continue to fail.

We only need two or three serious investors to look into the sector. We didn't have to send graduates to the Niger Delta to explore oil. All we needed to do was attract the likes of Shell. So why are we trying to send broke people to the farm with some miserable loans and empowerment? To do what?

cococandy:
Great idea. But they cannot guarantee the safety of these farmers.
and tribalism won’t let us call a spade a spade

Agbegbaorogboye:
I hope you know for the past 8 years, APC has been fumbling and the excuse has been that it's global.
The simple question is if you're implying the rest of the world have been battling bad economy for the past 8 years?

Agbegbaorogboye:
Funny thing is it's same Lai Mohammed that brought more disrepute to that position.
If the current minister goes the Lai way, it will only worsen matters

lexy2014:
how will all this change the reality on ground?

how will it reduce inflation and improve the standard of living?

lexy2014:
what should be communicated to Nigerians in languages they understand?

LEGALSER:
E be like say something dey worry you. We are talking about getting Nigeria out of the hardship these politics have led us into and you are here talking about a minister that can defend the administration?

tctrills:
Oga when has the price of foodstuffs ever come down ? Stop living on false hope.

Dyfynezz12:
Ppl like u are the problems we have in this country

kuntash:
But you cannot give what you do not have!

turning on what light?
on What foundation are they gonna turn it on ?

being an expert in politics its ENTIRELY different from having the SINCERE capacity to govern a people according to the laid down rules or manifesto.

thats just the simple truth!

ednut1:
insecurity has affected foodstuff. For the locally produced goods cost of diesel has gone up and some of the raw materials are imported too. There has to be an all out war on bandits and oil theft.

chopnaira:
Same in Canada too. The interest rate on lending is currently very high and it seems Canada escaped recession by whiskers. It's not out of the threats of recession yet as that would depend on how fast the bank of Canada can adjust it's monetary policy.

nairalanda1:
Most people go to colleges and universities of agric to get the paper qualification, not to actually set up a farm...

willi926:
Will the Bandits and herdsmen allow them plant there crop and harvest them in peace

Acidosis:
Lol

We have over 150 institutions already, offering agricultural courses.

The question is what do you have for them upon graduation? Most of these people will end up selling Ankara and bags on WhatsApp. Some end up in the bank.

Mindlog:
The imported fuel cost determines cost of transportation, cost of fueling generators.....so how would goods locally produced in Nigeria, come down in prices?

AbuTwins:
How is our curriculum?

JagabanB:
Nobody needs to be sent to Brazil or China, that's waste of resources, empower and send them to the farm.
Those 2-3 months can produce alot.
We alot of locals producing alot without alot.
Give them alot to produce more.