₦airaland Forum

Yankee101:
When Buhari is borrowing up and down, we are back to the military days when structural adjustment programme SAP and other world bank restructuring programmes were adopted

We should all recognize that Ngozi Okonjo Iweala under Obasanjo and Atiku helped turned Nigeria around by obtaining debt forgiveness.

Buhari is officially the worst president ever

Buhari may be worst in many areas, but are you aware that despite oil selling averagely above $100 in his tenure and the govt receiving almost 3-4 times more revenue than any other administration, GEJ's government in 5 years borrowed just about the same amount of money which Buhari has borrowed in 5 years?... I'd be damned if you know this cos 99% of Nigerians dont. We live and analyse data purely on sensational and political headlines.

If Nigeria couldn't survive without borrowing when oil was $100, then why exactly is anyone surprised that we have to borrow now that oil sells for $30-40? Oh I forgot, it's because Buhari is a dullard.

Oil price is down, country's revenue is down, Nigerians dont want to be taxed, Nigerians dont want fuel subsidy to be removed, Nigerians dont want electricity subsidy to be removed, Nigerians dont want educational subsidies to be removed, Nigerians dont want roads to be tolled, and we dont also want govt to borrow despite the low oil prices/revenue? Are we sure we arent a confused nation? Maybe it's truly Buhari's fault, he should miraculously mint money.

UDUJ:
Yes. In the estate I stay all homes have prepaid meters. If someone had told me in the past that we could get 24 hours light uninterrupted for over 4 weeks I would have said that's a big lie. It has really improved.

The only problem is the increased tariff rates just introduced.

The low tariff is the reason cited by the DISCOs and potential investors on why they cant improve their service or invest in new infrastructure. They've been calling for an increase in tariff since 2014.

JVector:
Amend the Nigeria constitution to allow decentralization of power sector.

Let each state generate their electricity.
Encourage Private pernership in power generation, transmission and distribution.

Sack all Top Management staff in PHCN controlled power facilities to discourage sabotage during transition to Private pernership arrangement.

But this has already been done since 2014?.... States are free to generate and distribute within their states but no state wants to do it. Major issue being that states have to build their own state transmission network.

dukeprince50:
deceive urself o.
we have $6b to invest in eko Atlantic that Nigerians can't afford, billions of naira to maintain refineries that's useless, billions of naira to give to politicians as allowance but no money for electricity

1. The $6bn Eko Atlantic is a business that can bring in billions in returns for its investors, but you referring to it as a useless venture?

2. Despite how expensive it may be, there are countless Nigerians who can actually afford it. Once again, it's a business venture by its delelopers, not a charity for the poor.

3. Eko Atlantic was developed as an environmental project to shore up the banks of the atlantic to prevent the ocean from swallowing up the entire V.I.

4. Eko Atlantic is financed mainly by private pockets. So the development cannot be an excuse for govt not providing electricity to Nigeria.

Kaduna1stson:
Incompetent leadership, we chose a man who has never had light as he trained his cows for the past 30 years as president. Failures begets more failures.

God bless Umaru Yar'Adua

Hmm... I didnt know Nigerian had 24 hours of electricity before 2015, only for this useless herder president to come and reverse everything.

Obi

strangest:
tell your god Tinubu to go and finish the protest that he started... okay bye

Lol... Why should I ask him to do what i don't want him to do? Does that make sense to you? Abi the pain has started affecting your rationality upstairs?

strangest:
lol... you're surprised the bullion dollar, drug peddler used you to match the whole of Ojota for his own selfish gain... I understand, how can you be that gullible upon the whole education your parents invested on you... it sure sucks, right?

Lol... What a lame attempt at trying to make his crying soul feel better. You (not me) have been the one wailing over pump price increase and looking for who to antagonise for your woes. Where I live, I buy fuel for over N600/litre (when converted to Naira) and the price fluctuates in line with global crude prices.

Unlike your educated-illiterate school fees wasting self who feels Tinubu or PMB are responsible for pump price increase, I understand the elementary dynamics of global crude prices, and how it affects the pricing of petroleum products; I also understand the concept of subsidies and their merits and demerits in Nigeria's economic landscape. Go and educate yourself!

strangest:
yeah like the one that has been quoting my mentions... sick m0r0ns

I'm not the one lamenting, you are...

mabea:
Do you know why people are throwing jabs at people who protested in 2012?it is because they are the same people who are executing the same thing they once protested against. We can't just throw in protests for the sake of it. It doesn't make sense really.

Did you Mabea support the sudden fuel price hike in January 1st 2012?

I always laugh whenever people single out apc chieftains claiming they were the only ones who made up the millions who protested the pump price hike in 2012. Even Flavour who within 7 days released a song during that 2012 protest, I'm sure Flavour today would also be claiming the protests were done by APC. We have a special strain of amnesia in Nigeria.

timid101:
The question is, if subsidy was truly removed, why is the pump price being increased?

abramelin11:
The entire APC supported and still supports total removal. Months ago, Osinbajo assured us that subsidy has gone for good and will never come back. What is then responsible for this sudden jump in price?

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SouthWestBlood:
It means APC even lied to everyone then. When the price is supposed to be reduced, that's when it's now going up. So Atiku is right to be against the increment in price of petrol.

QuickStandard:
Does calling for removal, equate senseless price hike?

Wait, did you bring this here to make a case for the terrible government of the day?

Quite amazing how so many people, even in 2020, still have absolutely no clue what the term 'subsidy' really means.

Subsidy is no longer being paid but you guys expect pump price of fuel to remain the same despite increasing global crude prices and rising importation costs? I guess Nigerian FG is the one that 'hiked' the cost of crude.

Evercurious:
Lol.. you are a quarter smart.. so they have lost their voices suddenly?

Okay keep waiting for them and wailing. They are the source of your problem and your only saviours. No wonder you cant get them off your lips.

mabea:
By your argument you are implying that, the government should go on doing whatever they want while we go on protesting thereby going in circles.

Govt will always do whatever it likes, but that's why there's something called 'opposition' to protest and checkmate the excesses. That's standard practice all over the world. But what's the opposition doing in Nigeria today? Instead of targetting anger at a docile useless opposition today, we bizarrely seem more interested in throwing jabs at people who protested in 2012.

Evercurious:
Where is Pastor Tunde Bakare and Tam David West? Are they still in this Nigeria ?

HYPOCRITES

Are they the only people in Nigeria out of 200 million? Must the same set of people who have been talking and protesting since their youthful days keep being the one to talk for you forever while you sit in your house watching tv?

Those men reserve the right to talk when they feel like and also have the right to 'get tired of talking' for lazy youths who would rather sit at home and watch bbnaija.

mabea:
You're not serious. Have you not seen where protesters were either arrested or invited by the DSS. Without prejudice, you will agree with me that the present political atmosphere makes it look suicidal calling for any protest courtesy of the very one who championed it in 2012

When people protested in 2012, teargas was freely used, arrests were made and some protesters were brutalised by our uselese police. But all that didn't/couldn't happen where notable figures led the protest.

Similarly in 2020, if notable figures lead the protest, there cant be any arrests or brutal treatment. Notable figures do not only include APC figures (who for obvious reasons, we cannot reasonably expect to come and lead protests today). The big question is, all the PDP chieftains and stalwarts making noise all over the place about how 'APC protested in 2012', what exactly is stopping those PDP bigwigs from leading protests against the govt today? Obviously there can be no arrests or brutality if notable persons like GEJ, Atiku, Peter Obi, Secondus, FFK etc. come forward to lead the protest. Or are they still too fat from their loot? Or maybe a moral baggage weighs them down?

strangest:
His lies and shame has already dragged him down on his feet... His gullible followers are disappointed and confused

But uou seem to be the one lamenting, not them?

strangest:
yeah, he protested with the lies that he sold to his gullible followers about subsidy.... the truth that he protested with his lies is waiting for him to continue...

Keep waiting! In fact go to Bourdillon and drag him on his legs

danngnews:
You should be asking Tinubu and Bakare weather na boil grow for their mouth that they now, find it difficult criticize the same thing they protested against during the last Jonathan's regime.

They are Nigerians just like you and I, they dont have 2 heads while you have 1 and they have a right (just like you) to decide when they want to complain, when they want to protest and when they want to just ignore, waka pass and go rest in the comfort of their homes.

The only meaningful question to be asked here is for those calling on 2012 protesters to protest today, are you people crippled? Or did those men prevent you from protesting? Abi is there anywhere it's written in any constitution that it's the very same set of people that must lead protest?

Very soon some Nigerian youths would ask 90 year old Wole Soyinka who has been protesting and inhaling tear gas under different regimes to go and lead protest while youths sit at home on BBnaija.

Vanzcharles:
To me it is not about protesting subsidy removal. The problem is that we were supposed to pass this stage if only the present political elites who were the antagonist then refused to blind the general masses on the importance of subsidies removal.

Now, eight years later we are now back to the same thing that they was once agitated for. We are running in circles bro.

Who no go no go know. As the time bn dey that tym present administration no sabi Weytin dey sup until now wey dem dn enter there. You don see say the mata con get as e be na

If politicians dont play politics, who will?

LadySarah:
It is still being paid even in July. The news was here this week

Would be good if you can post the link to that.

strangest:
I guess they left the job for him since he is used to deceiving the masses

As an opposition politician, he protested. Now as a politician in ruling party, you still want him to protest against himself while 200million Nigerians sit docile in their houses?... Nigerians go wait tire!

strangest:
Tinubu should lead a protest as usual

You no get leg to stage protest?

I've seen several people posting pictures saying APC protested subsidy removal in 2012. Abeg what or who is stopping PDP from protesting now?

Racoon:
So they finally confessed that subsidy or their dubious subsidy under-recovery payment has been ongoing despite the government's lies?

So who has been paying the alleged subsidy and to who?
Was the subsidy payment appropriated by the rubberstamp NASS? This government is something else.

But it was announced since April that subsidy had been stopped; which other subsidy are you referring to?

fowlyansh181:
they said subsidy was removed way back , so I don’t get this.

Subsidy was removed in April 2020. It was initially removed in 2016, but after similar public outcry (when crude prices increased), subsidy was reintroduced. But it was finally removed again just this April.

fowlyansh181:
Nigerians goofed really bad, no matter how bad you think he is, he should have been made president instead of this current thing we have

You think Atiku would have resumed payment of fuel subsidies? Cos that's all this current pump price increase is all about (i.e. no subsidies).

tot:
Yada yada yada. Utter rubbish. Mr Zombie!

Better to be a zombie with common sense and intelligence, than to be a 'whatever you term yourself' without a functional cell in your skull. Like I said before, even a toddler with half a brain understands the subsidy logic.

tot:
This one is in denial, utterly lost. Zombiesm is becoming harder by the day.

You must be describing your family members there... The statement I made is not for dumb people to understand; with this your response, you seem to have appropriately classed yourself.

Subsidy payments has stopped, and pump prices deregulated. Pump prices would increase or decrease in line with increase in global crude prices; except the FG decides to resume the subsidy regime again (of which if they do, you will still blindly wail about it). Even a person with half a brain understands this concept, but someone who dares to call another a 'zombie' is clueless to this basic logic.

Unigrad:
People will still support APC and buhari?

What has this increase got to do with Buhari or APC? Subsidy payment has been stopped; did you expect pump prices to remain the same despite fluctuations in global crude prices?

What are Nigerians so ignorant of what subsidy means?

What does the current increase in pump prices have to do with Buhari or FG? Subsidy has been removed, so what did anyone expect? That fuel prices would stay the same when global crude price rises? Or should the FG be reintroducing full payment of petrol subsidies?

It's really difficult these days meeting any meaningful debates in this forum.

darfay:
I owe u nothing


Fork off

Lol... After feeding your mind fat with beer parlour hearsay garbage, and coming to public to regurgitate the empty nonsense you swallowed, I obviously wasn't expecting you to be able to give a reasonable response to my question. You didn't surprise me!

Too many people who even claim to be educated obviously dont even know what deregulation means.

darfay:
Considering how uselessly useless oil is going especially in the next 30yrs, is such capital intensive project still advisable?

No matter the price of crude, refining profits still remain the same.

Buy crude for $100, refine and sell for $300 = $200 profit.
Buy crude for $10, refine and sell for $210 = $200 profit.

The likes of Dangote and BUA did not get to their current economic level by making poor decisions. You and I aren't wiser/smarter than them.