₦airaland Forum

Dbegining:
Proof of reform or proof of a dying economy?

Proof of reform or proof of a suffering people? These monies are not for investment but rather monies sent to loved ones from the diaspora. That means the cost of living has increased and begging has increased.


I really condemn in the strongest of terms how this government calls it's bad economic decisions reforms.

Kukutente23:
You don't know anything
Check this link for more info
https://www.nigerianstat.gov.ng/elibrary/read/1241342

Kukutente23:
Nobody is giving false information
That's the fact
Hydroelectric contribution to Nigeria's power is more than 20%. Most of the gas powered plants suffer from stability issues based on gas supply which is why the hydro come in handy to stabilize power during the rainy season

Kukutente23:
You guys should quit the deceit
It is common knowledge that power supply improves during the rainy season in Nigeria because of our dams none of which was built by this administration or any APC administration for that matter
Besides that, it's obvious this guys on twitter are the newly recruited digital media army of 1000 people being paid 30k to sway public opinion since your president is now clueless and has no idea on what to do anymore

Kavod:
I agree the power improved but it also has to do with the constant raining, Nigerians dont know how power stations operate, The more the down pour the more power a dam would produce electricity.

onuman:
Even the USA will not spend a whooping $1billion to build a new airport. Only in Nigeria.

koning:
Stop all these senseless comparism with Western nations. How much is a plumber, painter, mason, electrician paid in the UK? And how much will the artisans be paid in Nigeria?

There are no basis for comparing the costs of renovation between Gatwick and MMA Lagos.


N350b from that budgeted N700b will be stolen. Period.

D00msDay:
Oga it is 2much. Even if my sisters were amongst the ladies that wouldn't stop me from stating the obvious. 160 million plus each is 2much for a country grappling wit poverty like Nigeria. 50 to 70 million each would have been ok. If the economy was good then the money would have been worth it.

Hunger they land. Civil servants are being paid peanuts. Some ministries have not started paying minimum wage to their worker. Doctors self are suffering from poor pay. And una expect make we they celebrate 1000 dollars for one person each.

kingthreat:
$100,000 while majority of Nigerians are hungry, 70% of Nigerians are unemployed.
Country is in debt, roads are bad and you're rewarding female footballers with 150 million Naira each. For winning WAFCON that less than 1% of Nigerians actually watched.
This is waste of money.

fuckingAyaya:
will you allow ur soldiers die en masse in guerilla warfare in a country that the citizens hide Talibans in their houses? If they start shooting the citizens u people will still scream genocide. Since the US left ask Afghanistan girl child how's life with them both educationally and general wellbeing.

Akerry:
SCARED OF WHO AND WHAT EXACTLY?

AfonjaConehead:
Well there's a certain James Bond movie title 😁

EvilMerodack:
When i was 13, i had a better judgement on issues than this

tunjilana:
"We have crude for free" but we dont explore for free...Infact there is no state-owned company doing exploration, NNPC only has joint ventures with multinationals who give NNPC some crude as part of the partnership...Also a portion of the crude allotted to NNPC is already being used as repayment for loans taken by the previous administration....Also FGN cannot force the Multinationals to sell to Dangote or any other local refinery at rates lower than international best prices, neither can they even force them to sell in Naira...

It is decisions of many years crystalizing now.....we need to own the entire value chain as a nation

Regards

Gentino:
So he was appointed PM after he was elected as PM and the king added Lord of treasury to the appointment. Wonderful!!!

jmoore:
If you can't go after the CEO, then focus on other things and not kidnapping the workers.

jmoore:
Notice the clear difference.

USA went after the founder, while Nigeria is after the workers.

You cannot arrest and prosecute a bank cashier for the actions of a banking institution, you should hold the CEO liable.

The stubborn ignorance of NSA, EFCC, FIRS and other agencies involved in the arrest and prosecution of the binance staff will disgrace Nigeria.

I am laughing at their useless propaganda that the one that escaped has been arrested and will be extradited.

It is only in Nigeria that a police will arrest a relative of a suspect because they could not find the suspect. They used same stupid mindset to kidnap the binance staff.

Oghene86:
A Free Zone is a geographically designated area deemed to be outside the customs territory within which national regulations to production and trade, the refinery is located in the free zone.

Hopium:
Lol. You will learn.

In trading, there's a time you take profit and move on. That's similar to what the bank is saying.

Naira has crashed enough. With the new policies in place, the rebound is near our door step.

Like they said, don't buy the dollar to speculate - only dumb money will buy the dollar now; the meat of the move is done. Don't play!

Eriokanmi:
After announcing last week that they'd use over 30bn dollars stashed in various banks to safe the free fall of naira, the money which the CBN later debunked,, a lot of people, including politicians have besieged banks and withdrawn all their dollars.

From time immemorial, any news from the federal government coffers which were carried by major newspapers were later debunked later became real. I can't be mentioning scenarios. The most recent one was the electricity tariff which they first debunked. Now, its become a reality. Maybe the cbn had envisaged that people would react swiftly and pack all their dollars before they implement the policy, they now debunked it. Nigerians are wiser than they think. How can you convert usd to naira at a rate you would now dictate to the owners of those dollars?

The politicians aren't left out today among those who thronged banks and took their dollars away. That's the reason dollar rate fell since last Saturday. I bought dollar at 1407 today, imagine. Early last week it was sold above 1,500. Dollar don yapa now and its estimated to fall further.

All these international banks will be hardest hit and that's why the standard chartered man was shouting 😃. A lot of people must have emptied their dollar vaults today.

Originalsly:
For the deadline given ... I would want to believe same ... if they are normal. But I have my doubts.... since normally .... such rehabilitation of schools usually take at 5he end of the school year. .. when schools are closed ... not when they are in session.

Originalsly:
Hmmm..... all this completed by May. Don't they have to do an assessment? ... what needs to be done in each school? ... furniture needed ... equipment ... etc. .... list the requirements. .... set a date for contractors to bid ... then select the contractors who will take some time to get materials ... equipment and skilled workers before finally starting to work. All thus to start ... and complete by May.

metaluterus:
Cut down cost of governance na



140 officials? Thats wasting resources already scarce


Why is this government like this?

There are 47 ministers, that’s about 3 people per ministry.

If the number isn’t this much, the assessment would take forever


Its Robbing the economy to pay a few loyalist

Throwback:
And we say we have an Intelligence Service in this country?

They seem to be the most useless organization in Nigeria.

More useless than the Police.

Chai!

Anyone can come in and do anyhow in Nigeria, and all their neighbours would know except the Intelligence services.

Little wonder they cannot use Intelligence to defeat boko haram, IPOB-UGM, and the many terrorist bandits.

What a national shame.

Whoever is handling any of the Intelligence units/services in Ibadan/Oyo State should be fired immediately.

coputa:
Dangote refinery cannot cater for the needs of Nigerians.we consume 32million litres of PMS everyday not to mention AGO, they will still import to bridge the gap until all the nations refineries will start producing at full capacity.
.

chanceux:
Even without the increment in min wage, there's already inflation that is nearing supposed hyperinflation. It's bad already.

Simple economics also tells you what to expect when purchasing power is lost, there'll be complete collapse of the system