₦airaland Forum

chidiokay:
You cant talk of yields without a trajectory, since removal of subsidy as our GDP scaled up, less pressure on the dollar and what ease of business operation ... so what will yield the so anticipated long term benefits

After removing subsidy on power your president spent billions to do solar .. is that not a scam

Power is a driven force of any economy, but what measures has this govt put in place to ensure ease of operation for business

If you want to stand on long-term benefits please show us the foreseeable trajectory

your friend no wash rice put for fire buh he keeps saying the jollof go soon ready

Ttalk:
Today I see one Obidient who is objective and didn't allow ethnic interest to cloud his memory.

Some of us who support Tinubu still criticize some of his actions but we do so with sincerity of heart and not because our candidate lost an election.

Personally I expect Tinubu administration to have put a mechanism in place to monitor the spending of increased revenue to the state. Many of these governors simply pay salaries and the use the balance to buy dollar, that's the reason why naira has not appreciated despite the fact that Nigeria no longer buy imported fuel with scarce dollar.

The second area am not pleased with the administration is the continual attempt to tolerate the inefficiency of the disco, I expect the government to have revoked license of many of the discos who have performed abysmally to serve as a deterrent to other, Nigerians should not be made to suffer inefficiency of a private company.

In general, this is a government that have embarked on a necessary reform in Nigeria since I was born

JuanDeDios:
Finally, someone that gets it.

I don't agree on subsidy removal though. It was the theft that made it balloon. They should have tackled that. Or wait a bit for local refining to come on stream. Or take measures to protect the most vulnerable. And much of the gains made from it have been seriously undermined by inflation.

chidiokay:
FUEL SUBSIDY: “Fuel Subsidy is gone” was part of the last phrases he uttered on his Inauguration Day and since that day till date, Nigeria has not remained the same. Fuel price ballooned to the roof and with it the cost of transport and essentials rose astronomically almost beyond the reach of an average Nigerian. But was he wrong? No.



Oga i totally disagree, base on trajectory we have seen Removal of Fuel subsidy is wrong. we were only decieved into thinking " fuel subsidy" is the liability holding us back when in actual sense developed progressive nations adhere to this forms of subsidy

our last disbursed fuel subsidy in 2023 was N3.6trillion, if we can sum up total amount looted and wasted on opulence by govt i am sure it will be over, besides subsidy can be rationed on % basis

In a country where fuel useage cut across on production line and businesses the essence of "fuel sibsidy" can not be undermined relative to ease of business operations.

FIY, fuel subsidy is the only benefit that touches every Nigeria, and from a holistic view the gains outweigh the negativity attached if transparently implemented

Since we have stopped Fuel subsidy what have changed and what have we gained infrastructure wise, as you and i aware " borrowing" still on the rise.

2yrs of no subsidy where are the gains, our Budget deficit nko does it make any sense

Dontblink:
To top it all, they still deducted another N91 as VAT. Imagine.

N1,214 for one month sms alert?

yaki84:
Uncle we still have black market rates..
What if there R people who still getting Forex at cheap price from CBN?
What of hajj and Jerusalem pilgrims, how much do they exchange dollar for them compare to the official rate?
Why did U skip local government autonomy?
Cos on paper, there's autonomy but in real and practical terms, it's still status quo..
What if the tax policy toe the same path as the local government autonomy?
And for the umpteen time, Buhari removed fuel subsidy during his first year in office..
Even when we told them it was partial removal, Osinbàjo told us it was full deregulation of downstream sector.
Even Tinubu who was APC chieftain then corroborated this statement from the then VP..
Infact it is on record that fuel prices changed more than 6times during that regime.
The then govt of Buhari said there weren't paying subsidy for every fuel brought into the country, that's why they cloned the term UNDER-RECOVERY for the low price Nigerians were buying against what our neighbours from other countries were buying.

b3llo:
Emilokan bird of reason

Obaaderemi2:
You have not finished

Sangoamadioha1:
Nigerian masses is the child (according to your analogy), you removed the oxygen helping that child breathe to save money to buy cars and boats. Even after removing the oxygen to save cost, you still borrow money and there is no meaningful change in your household, so what is the use of depriving that child the oxygen it needs to survive.
That child needs the oxygen to survive while the doctors treat the child so that he would no longer need the oxygen to survive. Only an irresponsible parent would watch their child suffer while the parents are feeding fat from the money that was supposed to be used in bringing a little comfort to their child.

After 2 years of Tinubu’s administration, it’s now time to properly rate him. And in this piece, I’m going to set aside my dislike for him and his values, and focus only on his actions so far as president; particularly on the reforms he has engineered since he came to power.

FUEL SUBSIDY: “Fuel Subsidy is gone” was part of the last phrases he uttered on his Inauguration Day and since that day till date, Nigeria has not remained the same. Fuel price ballooned to the roof and with it the cost of transport and essentials rose astronomically almost beyond the reach of an average Nigerian. But was he wrong? No.

Like we all heard them say, the 3 major candidates in the 2023 presidential election all promised to remove fuel subsidy once they get into office. What some have argued is that there may have been differences in “how” they would have gone about it. But Tinubu chose to go about it the way he did and we are here today.

Now, let me make an analogy of this fuel subsidy thing and how what we are going through is a necessary pain that is needed to set Nigeria on a solid foundation that nothing much will ever shake its roots again.

Take Nigeria as a child in oxygen support in a hospital. Now, he has been in the oxygen support for years draining the finances of his family members; both the father, mother, siblings and even extended family members. Now, at a time, the family complained to the doctor that they no longer have money to continue to pay for the boy’s oxygen support. They advised the doctor to remove the oxygen tank and allow the boy to breathe on his own. The doctor agreed. But each time the doctor removes the oxygen, the boy starts to struggle with breathe as though he is about to die. On the other hand, however, the family is always relieved of the expenses that comes with paying for oxygen. But not longer after, they would have to continue the expenses again because they can see their boy struggling for air and they don’t want him to die. Until one day another doctor came. And seeing how long the boy has been in oxygen, and the financial strain it has caused his family, advised the family to allow him remove the oxygen pipe and be ready for two things - it’s either the boy struggles for breathe until he dies or he struggles for breathe until he stabilizes and can now breathe on his own. The result is that the family is saved a huge cost and they can now channel that money into the training of their other children in school, payment of house rent and other bills. The boy too benefits as the family will no longer see him as a burden while he begins to heal naturally.

The above, I believe, best captures the situation Nigeria was in with fuel subsidy and why it needed to go. The grouse I have always had with Tinubu and his supporters is that they knew Jonathan was doing the right thing when he removed this same subsidy in 2012 but they went ahead and almost shutdown the economy; only for them to come back more than 10 years later to do the same thing. That’s hypocrisy.

EXCHANGE RATE UNIFICATION: With what was obtainable in the previous exchange rate, you had Alhajis that were making billions on daily basis by getting dollar from CBN at official rate and selling to the populace at the so called “black market” rate. The unification eliminated this and took the economy of Nigeria to the right foundation where it belongs and not on bubbles that was sustained by constant pumping of dollars just to maintain a lie.

Right now, Nigeria is no longer living on bubbles and lies. Where you see us today is where we truly belong.

TAX REFORMS: The next thing Tinubu has done is tax reform. I read an analysis that said some of our tax laws are as old as 1948. That is grossly outdated and it is right that we have a tax administration law that is informed by the 21st century realities. If anything, a lot of countries with no minerals and all, survive only on what they generate through tax. So, Nigeria should not be an exception. We are making money from oil and other minerals resources, yes, but we can make even more money by also reforming our tax laws to make for more money to be generated through tax and also make Nigeria’s federating units start to see governance as business; that they would have to make their states friendly for investors to come in so they can generate tax.

REGIONALISM: He has not done it, but he will do it. In fact he already started by getting the Supreme Court to rule that governors no longer have the powers to sack elected LG Chairmen.

The next stop is State Police which is already in a concluding stage which will enable states to take charge of their own security and no longer what is presently obtainable.

Then he’s likely to move to resource control where powers will be given states/regions to control their resources and contribute some percentage to the center instead of the current configuration where the center owns everything and gives piecemeal to the regions.


In all of these, only a president like Tinubu who doesn’t care much about his popularity could have done this.

A Peter Obi, who would not have wanted to see his popularity diminish, would not have removed fuel subsidy in full so the people won’t suffer. But Nigeria would have lost instead. Also a Peter Obi would not have initiated the kind of Tax Reform Bills that Tinubu initiated lest the north say “we said it that you should never trust an Igbo man with power.”

An Atiku, a northerner, would not have unified the exchange rate as most beneficiaries of the dichotomy that was previously obtainable were his kinsmen. He would not have dared to remove food from the mouth of his people. Also, an Atiku would not have initiated the tax reform bills especially the part that talked about derivation as most of the states in his region are more interested in destroying beer bottles than they are in creating a conducive environment for investors to come in and establish any meaningful business or industry.

So, in all, only Tinubu could have initiated these necessary reforms that truly have long term benefits for the country even though it comes with a lot immediate pain.

Just maybe, Tinubu was a necessary Saul that needed to come before David; like Pastor Paul Adefarasin said days before the 2023 presidential election.

Penguin is a bird of reason!

abc115:
Kwashiorkor, not coalition. This boy you never delete your account?

4+4=2031

OgaTheTop2:
They are thieves, unserious, scammers and just wasting their time. Awon alatenuje eniyan

I am Obidient and I will never vote for Tinubu and the party of thieves..

Are Nigerians not tired of the state of the nation? Are we that wicked to ourselves and generations to come?...all because of atenuje. Omo!

lexy2014:
which character?

if Wike could not respect fraternity of PDP and chose to work against the party because he lost President and VP ticket, who is Makinde that he should respect fraternity?

what respect of fraternity should Makinde be expecting from Wike when he did not respect the fraternity he had with PDP but joined Wike to work against the party?

What does that say of Makinde’s character?

if you say "Makinde did what he did for whatever reason best known to him", why is it a problem for Wike to do what he is doing with Makinde for whatever reason best known to him?

YetundeOnabisi:
I don't know why you guys are always deceived that APC will win Anambra even if Peter Obi is the flag bearer. No one, I repeat, no one will win Anambra governorship election under APC in Anambra state.

lexy2014:
you are right but is it not Makinde who made himself available to be Wikes tool when he joined the so called G5 that worked against the interest of PDP in the 2023 elections just because Wike did not get the presidential or vice presidential tickets?

Tochi3:


..exactly the guru template of forgery..who has a fake name, fake history, fake certificate, fake Religion..whö pride "itself" as a failed guru strategist..

..template for fake Bishops, fake supporters & a fake template for a fake Apcshit "obidients"..

saintmm:
The only ticket that can give Tinubu a run for his money is Peter Obi/el-rufai ticket with a strong backing of Atiku Abubakar. This will resound well into South East/ North West/North east while north central will be poached by Atiku and South south will be poached by Peter Obi. Then, mount pressure on national assembly for proactive electoral reform. With that even if Nigeria will not start getting better, the degeneration will stop.

But, trust politicians with their greed and ego.

Atiku/Obi ticket cannot and will not unseat Tinubu in 2027. Buhari defeated this same ticket in 2019. Forget about 2023 figures, it won't matter in 2027 except Obi is the candidate. That Atiku figure as well will not fly in 2027. There's a massive erosion of his base infact himself knows he can't boast of that figure in 2027.

So, fingers crossed