₦airaland Forum

ogaemma:
You should be the one wailing.
You guys are so blind to the truth and reality.
According to the recent indices, Lagos now have one of the highest cases of homeless people right now in Nigeria.
The numbers of homeless people in Lagos have outnumbered the number of homeless people in Kaduna and Kano.
In Obalende under bridge, there are right now over 1500 people living under the Obalende under bridge, some are with families.
In Oshodin pedestrian bridge, the number of homeless people there are now running into hundreds.
So who is wailing?
We don't have such numbers of homeless people in my state.
I repeat loud and clear, that Lagos is past Glory that is overrated.
And I hope you are not one of the homeless ones in Obalende under bridge.

There's nothing you're Wailing about in Lagos that's not happening in Abia, Anambra, Imo etc

You can Wail about anything you want, but base on reality, Lagos is one of the best state in Sub Saharan Africa

decub:
The question is right because subsidy removal brings about N900B monthly savings for the government.

.

Buhari Government had no #900 billion to spend on subsidy bro, Buhari was borrowing Dollars, it's does dollars he was using to pay for subsidy.

OredoPikin:
Can u list the capital projects
I hope u won't mention roads because Jonathan and Buhari constructed more roads while still paying subsidy.
Shouldn't we have 24 hours electricity now that we are not paying subsidy?

List out the roads Jonathan constructed, and the km of roads he constructed

Because me I know all the roads I know in the south west and south south were in bad shape under Jonathan.

His rehabilitation of the east west road hardly last till the raining season, once it rains, flood go wash of the roads

Well, I'm waiting for you to list the quality roads Jonathan Constructed between 2011 and 2015

jaxxy:
U are decieving urself. u are not borrowing to pay pensions and salary like buhari didn't build capital projects or Jonathan didn't build projects?

List out the road projects Jonathan constructed, let's compare it to the ones Asiwaju is constructing

Nigeria was borrowing to pay for subsidy before Asiwaju became the President

Under Jonathan, we were borrowing to pay Salaries, borrowing to pay for subsidy, Pension, and also borrowing to build projects

Under Buhari, we were borrowing to pay subsidy on fuel, and also borrowing to pay salaries, pensions and also borrowing to build projects


Under Asiwaju, we're not borrowing to pay pensions or salaries, we're not borrowing to pay for subsidy, we're only borrowing to spend on Capital Projects.

I expect Sanusi to know there's no problem borrowing to build capital projects

ogaemma:
Nothing is happening in Lagos.
Lagos is overrated.
Lagos is past Glory.
Wait, very soon port's operations will be decentralized. After 2 years you will see how Lagos will be isolated.
A country with about 11 sea port's, but politicians hijacked only the Port in Lagos to be functional.
You people are shouting Lagos.
Nonsense and ingredients

Wail On Bro

Oluwaseunomo:
This guy is mean so make 100 people share 6million each money wey no fit buy cements and sands alone

100 people won't be sharing #6m

Go through the figures again.

ogaemma:
There is no reasonable Governor from the South that will not repatriated northerners.
Even the Northern Governor's are tired of their own Northerners.
Those people are supposed to have their own country.
No thanks to Lord Lugaurd.

If dem repatriate your people from Lagos now, you hypocrites go start to dey wail

Macphenson:
Sowore we already know you are codedly working for Tinubu and by extension APC.

First you went to Abia state and started attacking Alex Otti.

Now you are attacking Peter Obi.
Pls show us your own plan for the north as a presidential aspirant.

Sowore plan is for all Nigerians, not just for Northerners alone

VI to Eleko Junction is now 99.8% on concrete.

You can now drive from km 0 to km 48 on a concrete road

alanto:
Bros. The people with CNG are just cashing out for free because passengers don't know the difference and the fare is not different

Yes, they are cashing out but you can't blame them.

The buses using CNG are few

Waste of Thier precious time

Amupitan is going no where

mrvitalis:
Nah, before you rig for APC make sure you in where APC are popular sha because we would send you to God straight up

We won't give you Obidients the chance to rig in the south east like you did in 2023 where Obi got more than 90% of the votes

I'm so disappointed with the tiny numbers of CNG station on ground.

Since 2023, NNPCL should have created more CNG stations all over Nigeria if others are not willing to invest in it

lawani:
Go and look at the solar component of the grid in the US, Germany, Japan and etc. Without solar, they will be in darkness

How did you know this

AMINDA:
A so-called master strategist with 36 state governors is decriminalising certificate and age falsification, approving use of unmarked ballot papers and hounding all opposition parties all in a bid to perpetuate himself in power. What a disgrace.

There's nothing you guys won't blame Asiwaju for

The unmarked ballot papers even favoured the NNPP in Kano state in the last governorship election.

mrvitalis:
ADC should print their own unmasked ballot papers too

Everyone rig In your strong hold no excuse this time

No body is going to court

Noted!

Make Nobody Wail in 2027 o

lawani:
If you remove solar especially from any country's power mix, they will become like Nigeria

The bold is a kie

nairalanda1:
Good leadership involves taking the hard decisions, not the popular decisions.

If it makes me a clown, no wonder things are the way they are.

No other leader in the history of Nigeria has taken the hard decisions like Asiwaju

Removing subsidy in the power sector right now in present day Nigeria will be a very dumb move by the President.

No serious and sane politician around the world will make such a foolish move

nairalanda1:
That's why you people will never have good leaders.

Good leadership means making hard decisions even if it means removal from office, because you know the hard decisions are going to be for the greater good.

Adieu.

People like you no like to dey face reality

nairalanda1:
If you run, I would vote for you.

Also, you are asking the wrong question, and I won't tell you what the right question is.

Finally, you Nigerians do not want good government, as this your comment proves. You want easy life, not development. You, the obidients, most of you. Like leaders, like followers.

Bro, you're just someone who talks anyhow online because I'm not against Government removing the subsidy in the power sector

I'm not against Government removing subsidy in the power sector but this is not the right time to do it.

Government removed subsidy on fuel

Government devalued the naira

The Government action has lead to the Price of Goods and Services shooting up

If the President stop paying subsidy in the power sector, it will lead to an increase in the price of Goods and Services

The Presidential Election will be held on January 16 2027, it does not make any sense for Asiwaju to remove subsidy at this point because it can affect him at the election.

After he has won the election, then he can stop paying subsidy in the power sector

nairalanda1:
If you run, I would vote for you.

Also, you are asking the wrong question, and I won't tell you what the right question is.

Just mention the name of the candidate you're supporting make we know

No serious politician anywhere in the world going into an election will remove subsidy on petrol at this point.

Removing subsidy on fuel and devaluing the naira has made the cost of goods and services to shoot up.

If Tinubu stop subsidizing the power sector at this point, it will lead to the price of goods and services shooting up and will definitely affect him Negatively at the polls in 2027.

Asiwaju will likely stop paying subsidy in the power sector before he leaves power in 2031

No President with his common sense working will remove subsidy in the power sector few months to a presidential election. Immediately he stops paying it, cost of goods and services will shoot up

nairalanda1:
Yes, because I am not tinubu. My concern is to leave a good legacy, not to maintain myself in power at all costs. If it gets me sacked, so be it. Truth is bitter. If you ain't ready to swallow it, it's not my concern or my bizness.

SMH

Who's your candidate in the presidential election?

Chucks13:
E pain am. Drop tribalism e nor dey help.

Wetin dey pain you bro? Everybody knows there are different ethnic groups in Delta North

nairalanda1:
Original title : How price controls destroy the Nigerian economy...part 3

I did not publish or create this article

Source

Authored by Tam Alex.

If you're in Tinubu's shoes right now, with the way everything is right now and going into the 2027 General Election, will you remove subsidy in the Power Sector?

fineboynl:
I want to share my economics observations. I created a thread before. But let me paste it here

https://www.nairaland.com/8657498/let-discuss-economy-politics

Let's assume we had a 500 trillion total money supply in Nigeria before devaluation.

and suffered a 500% inflation as a result of bad policy and strangulation of the economy.

The problem is not as a result of having excess money but a bad policy of floating the currency and increasing prices of everything overnight.

As a result of this our GDP which was measured in USD drops in value.

Things originally sold for 200 rose to 1000. This shakes up the economy as everything else increases.

The outcome is reduced. Spending: Because there is less money, economic activity slows down, and purchasing power often stalls. People have goods, property, and services to render, but there is no money with the artificial inflation caused by bad policies. Government spending increases greatly, five-fold, from the previous project cost, but with lesser results.

example. People that had 10,000,000 in the account before suffered a loss equivalent to 8,000,000. as what they now have is 2,000,000 in value of 10,000,000 from a few days ago,

Now let's assume the country loses 500% of this money supply value.

There is going to be bad business and low patronage, like Nigeria is facing now with price increases.

The remaining money supply in the economy shrinks in value from 500 trillion to 100 trillion actual value.

Should not the government print more money to balance the bad economy by making it a 2.5 quadrillion money supply?

Sounds like a bad idea, right? But alternatively, it is to re-dominate the currency to remove 1 or 2 zeros. Instead of the government mentioning quadrillion, which is already an embarrassment.

The right thing to do is to print more money to be equivalent to its previous values.

In 1999 the annual budget was ₦300 billion (after the bad economy, such as inflation from IBB and Abacha).

A decade later, in 2009, it was ₦3.102 trillion.



Another decade later, in 2019, it was ₦8.92 trillion.



And right now it's ₦68.32 trillion.

The budget rose greatly with nothing to show. The life expectancy or projects were way better in 2009 when the national budget was 3-4 trillion.

With a budget of 4 trillion, Jonathan built massive roads in the north and the Benin-Auchi road. and the biggest economy in Africa.

But with ₦68.32 trillion now. We are seeing lesser results.

list the names of the roads in the north Jonathan built

Chucks13:
Why won't he be right when tribalism is your food and livelihood.

Don't let me insult you in igbo dialect so pls face you front ok.

the joke is on you 🤡

lawani:
INEC should make the payment of annual dues a requirement to be a party member


It is not realistic to claim to be a member of anything without being a financial member of that thing by paying an annual due. Be it a professional body or even a church, you must contribute financially and for a political party it should be the standard.

Even churches are funded to the extent that many Pastors are able to maintain a private jet or even a fleet of private jets. Political parties should be constrained all over the world and especially in Nigeria to be the same way and any association or professional body with enough due paying members within a constituency should be granted the same rights as a political party. They are already a pressure group and should therefore be able to sponsor candidates for elections.

People should participate and also put their monies where their mouth is.

This is not INEC job.

Only political parties can make this decision

Chucks13:
Pls go to your bed.you are tired that is why you dey yarn hit

He's right

FortCavazosKnox:
See as Tinubu be like who get stroke for 3rd picture, goodluck needs to rule this country again

Goodluck Jonathan can't contest the presidency again

ultraviolet27:
Unfortunately that's the thruth I am a christian also but since independence has any christian ever ruled Kwara state?

Yes, a Christian Governor has ruled Kwara state

Go and Verify

osuofia2:
America is in their back yard, make they fire one shot at the Navy Seals make we see, na there them go no say madness get levels

There's presently a cease fire, so they can't fire at US fleets for now