₦airaland Forum

uba1991:
I am a northerner but I will tell you that you are a fooool. The surfering in the north and Yoruba land is the worst. I want to visit Katsina and see how people are eating, come to Maiduguri and see the real meaning of poverty.

omohayek:
Where exactly was Tinubu supposed to get the money from to "put in place to cushion the effects"? You already read that the reason Tinubu was forced to (partially) remove the subsidy in the first place was because the FG could no longer afford it! Did you not bother to read where Sanusi said debt servicing was already eating up nearly 100% of government revenues?

The harsh reality is that Nigeria is broke, and international interest rates have skyrocketed since Buhari went on his 8-year borrowing spree. Nobody was going to lend money to Nigeria to squander on a foolish subsidy scheme whose biggest beneficiaries were smugglers and the citizens of other ECOWAS countries. The only other source of funding left without raising taxes is simply to hope you can print more money faster than people can demand higher wages and "palliatives", and this attempt to paper the cracks through printing more money is what is causing the skyrocketing inflation we are seeing right now.

There is no magic wand that could have prevented hard times from befalling Nigerians. If Xi Jinping in China and Joe Biden in the USA can't shield their people from higher interest rates, it isn't the president of a dirt-poor Third-World country who can manage the feat. Nigerians would still be facing hard times right now even if Tinubu and all his cabinet members had Nobel Prizes in economics, and neither Obi nor Atiku could have done any better in providing "palliatives" without accelerating inflation.

If Tinubu is to be faulted, it is for his institution of half-measures that will needlessly prolong this crisis, out of a fear of public backlash. Despite all the moaning and groaning on here, Tinubu has not really abolished the petrol subsidy, he just (temporarily) reduced the amount, and with inflation accelerating, the scale of the subsidy is ballooning once again because petrol prices have not been deregulated. Tinubu has not allowed Cardoso to raise interest rates to a level that will curb inflation and draw foreign investment. Finally, Tinubu has not made any serious effort to reduce the FG's wage bill by launching an ambitious privatization programme. All of these things are vital to restore investor confidence and kickstart growth, and Tinubu knows they are necessary, but he is so paralyzed by fear of even worse public reaction that he has now settled into tinkering here and there instead of giving Nigeria the strong medicine it needs - and yet ignoramuses like you whine endlessly as if he had a magic wand that could painlessly solve all your problems overnight.

ElSudani:
How would you know if Tinubu gave any advice or not? He removed subsidy because Nigeria could no longer afford it. Did you read the piece at all or you are just fixated on your regular talking points.

VeryWickedMan:
We need to find a way to get Russia or HAMAS to invade Nigeria & burn it to the ground.

VeryWickedMan:
Henceforth, anybody addressing me as Nigerian will be harmed.

Conversing with me in pidgin will attract a curse.

I want nothing to do with Nigerians from today.

God punish Nigeria.

You go nowhere Bro. Nigeria needs wicked Men.

Thunder fire Nigeria now and forever more.

All previous documents are officially rendered invalid.

I hate Nigeria DIE.

Deport me from this useless country.

bigpriik:
no food too.

accordadoga22:
Hehehe

This is what some people want for this country because one party animal who has turned a football fan lost an election.

Whether there is war or not because of the current hardship in the country, Biafra won't be achieved.

Hardship or not, Tinubu till 2031, Shettima from 2031 to 2039, Wike from 2039.

People from a region that are not pleased can go and hug transformer.

How are people even coping now?

There is hunger in the land but we hope things get better soon.

Ginik:
Honestly, I wonder how families of 8 and over cope in this critical time