₦airaland Forum

sulaak:
Even if it is for one day it is a stupid idea, just like tradermoni what has been the long term benefit.

Fixing the refineries and increasing indigenous oil company participation in oil extraction and exploration will provide long term benefits in energy security.

Taking foreign currency loans to build new roads and rail network is madness. But taking foreign loans to fix the refineries, steel plants or build new ones makes perfect sense, the country can exchange refined oil and steel for dollars to pay off the debt, the steel can also be used to build the railways and create industrial jobs.

I think Nigeria political class are intentionally bankrupting the country.

https://www.nairaland.com/6464647/experts-criticize-fg-over-568.5

Wasn't it the same Nigerians that criticised the idea of repairing the refinery.. The thing is that people will still complain.

lexy2014:
3 trillion on what exactly pls

on fuel subsidy

lexy2014:
How much is govt for it's so called school feeding? Pls wait for d budget first make hear money

Nigeria spent N3 trillion ($7 billion) between 2019 and 2020. They've spent over $30 billion within the last 16 years.

School feeding program budget is around N141 billion ($280 million) yearly

backbencher:
That's what was done in other countries. It would probably be a temporary thing...until we adjust to the price increase.

Time for the subsidy to go. It should have gone since the early 1990's.

I'm sure that was the original plan.. But when the people that be saw how much they can get from the scam, they decided to make it last this long. I only pray that they don't make this 6-12 months of payment of transport allowance over stay its welcome.

sulaak:
How the hell did Zainab Ahmed, become minister of finance, planning and budget. How do you measure paying direct cash to individual?

Why not invest in better transport systems and subsidies the cost, for example, buy local buses from Innosson supply them to state and private transport company, subsidies the cost of petrol. This will increase the country industrial capacity and improve transport systems at a relatively low cost to the consumers.

The payment of transport allowance is just for 6-12 months.

lexy2014:
U are removing fuel subsidy but u want to pay transport subsidy. What's now d use of removing the fuel subsidy?

The will only pay the transport allowances for 6-12 months. And there's no way the transport allowances will even be up to 10% of fuel subsidy paid in a year.

Mysticwebb:
They will be given what they want by the executive to allow the bill to be passed. We know how far.

That wasn't the way you put it at first.

bigeliot:
So what's d point, u remove fuel subsidy to pay d citizens transport allowance. since money will still b spent, just leave d subsidy there bcus I dont see any point there. U pay fuel subsidy= govt spend money. You pay transport allowance=govt spend money. No sense inside. one person will just chop d whole money. Just looking for an avenue for a northerner to chop money and clean mouth. D one dat happened during corona, nobody has been convicted, all the money that were donated just miss. Mumu govt

If you hadn't been in a haste to just criticise and you read everything written up there calmly, you'd have seen where it was stated that the payment of transport allowance would last for only 6 - 12 months..

Even if paradventure they keep paying the transport allowances till thy kingdom come, it the money budgeted for the transport allowances wouldn't be up to 10% of the money the government spends on fuel subsidy yearly.

Mysticwebb:
Leave matter, we are not from Pluto, we do watch their session.
Those who are in support of this bill say Ahi! those against say nay! The ahis have it. That is how it always go when the senate leaders are heavily induced to have the bill pass at all cost. That voice vote is always dubious. Plus the lobbying from the senate leaders to their ever loyal colleagues to have a useless bill passed because the executive wants it so. Tell that your majority vote stories to kids.

So you actually think if 70% of the senate don't want a bill to be passed, it will be passed?

RiceProducers:
The pay back plan is pay your taxes. Border closure is good policy. It will protect Nigerian goods. Personally if I were President, my economic policies would be more draconian. Nigerians don't want to use brains at all yet the world is changing.
There is energy transition. Crude oil will soon be destroyed as the most important global commodity.
There are supply chains issues and post COVID stuff causing global inflation yet all Nigerians can think about is cheap petrol, imported salad and bone straight hair. It is a disgrace

Buhari should solve three problems and I won't have problem with his problem.
1. Electricity.
2. Complete Adjekuta steel...
3. I'm still thinking of the third.

Then they should lower the extreme requirement for graduation of medical students.

For example, in my school, lets say they are 150 100level students and the school only need like 70 students to crossover to 200 level, you'll see even students with high GPA being dropped all because they weren't the highest 70 required students.. They was even a time where students with first class GPA were dropped cos even with their first class, they were still below the highest 70 students... They should make more room for medical students to graduate.

bkool7:
And the whole world must know.


What's wrong with these bloggers self?

So the man drives down the road and people say, " That's the cars his friend's daughter bought him."

I'm sure the man would not mind.

They didn't add malt to the cash that's why.

after4:
So far so good ipob has proven to be more truthfull than your useless army who are only good at shooting aimless civilians

k

Someone should help us spot Maduka.

The Igbos should not relent on their hatred of APC o.. They should not ask APC to give SE ticket for the Presidential election o.

Where are the intelligent by half people that always ask for photos when out gallant military kills terrorists and herdsmen? Why aren't they demanding for photos of the dead herdsmen/terrorists?

21 stories of a 21 storey

21 stories of a 21 storey.

Who has EFCC contact?

descartes400:
These are highrise buildings, can you please educate us on how it is much safer to be on the roof top of these buildings when the are collapsing?

If cars are parked on roof, mid floor and ground floor of those buildings which of the cars would be salvageable?

descartes400:
how can you be on the roof when a building is collapsing? Do people leave on the roof?

I'm sure you think the roof of High rise buildings are the usual slanted aluminum roofing you see in your regular Nigerian bungalows and 2 storey buildings.

Moral of the story.
To beat APC or PDP, you must be a truck driver.

DoggoneDogg:
Tell them o.


He wasn't the highest goalscorer - that's Lewandowski.
He wasn't the highest assists - that was Muller
He didn't win his league.
He didn't win the Champions league. As a matter of fact, he was disgraced out of the UCL by a small Mbappe.
All he has is a useless Copa Del Rey & a Copa America.


Verratti, Bonucci, Chiellini, Chiesa & co all won the Copa Italia & Euros (same as Messi's trophies), oya give them the Ballon D'Or na.


Nonsense.

Should we begin to mention all the years Messi was highest goal scorer but didn't will the Ballon D'or?

GeneralDae:
But now it is stronger than the naira and every now and then Nigerians compare Ghana to Nigeria on YouTube and they praise Ghana for having a stronger currency. The truth is to investors and foreigners, Ghana truly have a stronger currency.

The reason many Nigerians compare Naira and Cedis is that most of them don't even know about the redenomination of the Cedis. Even some teenage Ghanians don't even know about it.

XXXXTENTACION:
the fact that you cannot produce a clear cut answer shows you how usesles the e-naira is....
for your information the future starts today... This is how this stupid motherfvckers keep doing trial and error..

k

XXXXTENTACION:
What's the point of dishing out e-naira when we already have bank apps to make payment online...

you would see the advantage in the near future

thebosstrevor1:
You don't need to transfer any equivalent naira amount into it....it works just like your bank account.

People can transfer naira into your wallet. if you create a service, you can put the price in naira and give out your wallet address and people will pay into it.


Your e naira wallet is just like your bank account
Your wallet address is just like your bank account number.

This is what i guess will happen.

Every bank account holder in Nigeria will be assigned an e naira wallet that will be linked to your bank account. You can use anyone you are comfortable with

You can transfer cash from your bank account to your e naira wallet account, if you want physical naira, you can transfer from your e naira wallet to your bank account and cash it out through the atm.

The moment I heard the world "eNaira" I could already guess what it means.. I wonder why these people are too slow to understand. I'm sure some of them are deliberately being mischievous.

XXXXTENTACION:
E-naira is juste a waste of recources...
they could have just print more naira notes...

are you a troll of what? What is hard to understand about the eNaira and paper Naira? They are both the same in every aspect save that one is physical and the other isn't.
And for you info, eNaira isn't a waste of resources. Rather printing of paper money is the waste of resources

You know you've failed as a human when most of your students say, "why not you.." When they heard of the kidnapped lecturers. Mechanical lecturers, una well done.

Both Governor Ortom and President Buhari are not even qualified to be an unqualified Governor and President respectively.