God bless Mr Sanusi for telling all Nigerians the truth...so that one Obi the Pandora box will.not come.out and be telling us how he will invest in China product to. make us the country prosperous...

arantess:

Is tinubu or atiku an economist?

Tinubu is. Including an accountant.

NaijaOlosho:
Thiefnubuu knows only how to share money and proceeds of drug business

Can he tackle this as old as he is? The answer is no.

Therefore well meaning Nigerians with working brains have rejected Thiefnubuu

and APC only a fool will vote for them

flexyrule:
Originally, Nigeria wasn't designed to prosper.

Nigeria was designed to fail! And guess what, there are certain entities that benefit more from the failure, than they would have benefited, if the country was prosperous.

In Nigeria, as long as you don't have power, someone somewhere is making billions.

As long as the roads are bad, someone is making billions.

No water? you guessed right, someone's somewhere is cashing out massively.

Even this flooding sef... Someone people will turn out to become billionaires overnight.

The bad refineries nko? billionaires are being made from subsidy, maintenance of non-functional refineries.

Anywhere you see a deplorable state of infrastructure, be rest assured, someone is making billions.

And that's why everything will continue to remain the same.

I heard a story about how a businessman wanted to construct a road somewhere in Abuja, and the authorities refused to grant him approval. He went ahead to construct the road and the authorities took him to court.

Nigeria was designed to make states lazy, improvish the common citizen while empowering and enriching a very very few persons.

Wallahi people wey dey chop this country money no reach 500,000.

When I say chop, I no mean 100m ooooo. I mean people wey dey chop like 1 to 10 billion annually.

Money wey one entire state suppose survive on, Na hin one person dey chop for Nigeria.

And that's why the gap between the rich and the poor is very massive. In one state, one person owns over 15 estates, majority of the buildings in the estate are empty, in that same state millions of people are homeless.

The that intrigues me the most is how these less than a million people are able to control over 200m people.

Like they Control the improvished military, they control the common man on the street, they control cash flow, revenue allocation etc. And we've got nothing we can do about it.

And for those who are still praying and fasting for Nigeria to proper, please save your strenght! If we maintain the current structure and system, we can only but continue to wallow in debts and further suffering.

Truly, the next president would suffer. Especially with this kleptomaniacs we have at the national assembly who will do all they can to frustrate any bill that will favour the masses and reduce their access to government funds....

Not just them sef... The minute percentage of those controlling Nigeria's wealth would not allow the status quo to change...

Best is the completely overhaul the system (constitution, tiers of government, revenue generation and allocation, control of resources, policing, etc) . Create a balance and develop a system where everyone can be able to monitor everything that is going on in the country.

The only sensible and well thought out comment I've read on Nairaland for a very long time

Kudos Bro

I love this

festacman:
Love what Sanusi said though he didn't suggest solutions.

The truth is that saying you will remove fuel subsidy from day one as president means you are either deceitful or you are ignorant of our fundamental economic problems: we are producing little locally for export in addition to our now unreliable earnings from crude oil. So if you are removing the current oil subsidy which will push up cost goods and services locally and if you throwing the forex market to market forces, tell us your plan to hold the economy if things go south.

Look, Peter Obi (the breath of fresh air) stated earlier in his candidature of his intention to take Nigeria from consumption to production but didn't say HOW. Other candidates haven't said anything tangible on this.

We need a clear, home-grown (not texbook theories) multi-fields diversification plan proposal from the presidential candidates gor moving our economy away from dependence on crude oil. Such should will loop in the state governments. We need practical steps including necessary legislative interventions:
- Steps to develop crop production, animal production (ruminants and poultry)
- Steps to attract FDI, Niger Delta fishery and other marine resources.
- Steps to boost our SMEs, Steps to boost ICT capacity of our young people,
- Steps for transparently bringing investors to exploit our solid minerals
- etc

Buhari came with poorly planned diversification program that didn't involve the state governments for multiplier effects. It lost steam too fast.

festacman:
Love what Sanusi said though he didn't suggest solutions.

The truth is that saying you will remove fuel subsidy from day one as president means you are either deceitful or you are ignorant of our fundamental economic problems: we are producing little locally for export in addition to our now unreliable earnings from crude oil. So if you are removing the current oil subsidy which will push up cost goods and services locally and if you throwing the forex market to market forces, tell us your plan to hold the economy if things go south.

Look, Peter Obi (the breath of fresh air) stated earlier in his candidature of his intention to take Nigeria from consumption to production but didn't say HOW. Other candidates haven't said anything tangible on this.

We need a clear, home-grown (not texbook theories) multi-fields diversification plan proposal from the presidential candidates gor moving our economy away from dependence on crude oil. Such should will loop in the state governments. We need practical steps including necessary legislative interventions:
- Steps to develop crop production, animal production (ruminants and poultry)
- Steps to attract FDI, Niger Delta fishery and other marine resources.
- Steps to boost our SMEs, Steps to boost ICT capacity of our young people,
- Steps for transparently bringing investors to exploit our solid minerals
- etc

Buhari came with poorly planned diversification program that didn't involve the state governments for multiplier effects. It lost steam too fast.

Unless you were born yesterday.. SLS has been proffering solutions. He was opposed to keeping subsidy during GEJ.
He is against multiple FX systems under GMB. He opines that FX arbitrage creates billionaires over nite without creating value. Peter Obi said the same thing and people started calling him names

KingKO22:
Oya Ndi Zombidiots come and start wailing and attacking as usual.


Nothing good is expected of Zombidiots.


President Tinubu would provide solution to the Nigeria economy by diversify to Agricultural production.

He hasn't even said any of these o are you Tinubu's PA or you dey read him mind?? BAT hasn't even granted any interview to say all these. No go put baba for trouble o with wetin he never talk

Why should the next President be pitied. It is inevitable. It is his duty.
Government is not a beauty or fashion parade.
A President should also be like a dentist that no one likes but everyone needs and appreciates.

I have said this several times. The hardest political decisions should be taken when political capital is at its peak, that is immediately after swearing-in when the majority (hopefully, if the elections is not rigged) of the citizens are still in the proverbial 'cloud 9' and when they can either fight or pacify the minority (hopefully) citizens that any decision taken by their principal is acceptable.

That is why I am glad none of the candidates are ignorantly calling the subsidy 'a scam' this time around so they don't ignorantly rope themselves into maintaining the status-quo the way the ruling APC did.

For if the APC in waiting in 2014 did its homework well they will have realised that the scam was in the administration of the subsidy, not the fact that subsidies were paid and so will have gone after subsidy thieves instead of throwing the proverbial baby away with the bath water.

But as they dithered scandalously and as their political capital ebbed away due to one poor administrative decision after another it became impossible to do away with the 'scam' without triggering a mass revolt.

So the lesson is clear for the new government.
Remove it as soon as you are given authority to take decisions while the sentiment filled peons are still dancing in the streets.
That is at dawn of the next day after the swearing-in.... or else.....

festacman:
Love what Sanusi said though he didn't suggest solutions.

The truth is that saying you will remove fuel subsidy from day one as president means you are either deceitful or you are ignorant of our fundamental economic problems: we are producing little locally for export in addition to our now unreliable earnings from crude oil. So if you are removing the current oil subsidy which will push up cost goods and services locally and if you throwing the forex market to market forces, tell us your plan to hold the economy if things go south.

Look, Peter Obi (the breath of fresh air) stated earlier in his candidature of his intention to take Nigeria from consumption to production but didn't say HOW. Other candidates haven't said anything tangible on this.

We need a clear, home-grown (not texbook theories) multi-fields diversification plan proposal from the presidential candidates for moving our economy away from dependence on crude oil. Such should plan MUST loop in the state governments. We need practical steps including necessary legislative interventions:
- Steps to develop crop production, animal production (ruminants and poultry)
- Steps to attract FDI, Niger Delta fishery and other marine resources.
- Steps to boost our SMEs, Steps to boost ICT capacity of our young people,
- Steps for transparently bringing investors to exploit our solid minerals
- etc

Buhari came with poorly planned diversification program that didn't involve the state governments for multiplier effects. It lost steam too fast.

You're joking right? Sanusi proscribed immediate solutions to some of these problems as CBN gov under GEJ but got the boot.

festacman:
Love what Sanusi said though he didn't suggest solutions.

The truth is that saying you will remove fuel subsidy from day one as president means you are either deceitful or you are ignorant of our fundamental economic problems: we are producing little locally for export in addition to our now unreliable earnings from crude oil. So if you are removing the current oil subsidy which will push up cost goods and services locally and if you throwing the forex market to market forces, tell us your plan to hold the economy if things go south.

Look, Peter Obi (the breath of fresh air) stated earlier in his candidature of his intention to take Nigeria from consumption to production but didn't say HOW. Other candidates haven't said anything tangible on this.

We need a clear, home-grown (not texbook theories) multi-fields diversification plan proposal from the presidential candidates for moving our economy away from dependence on crude oil. Such should plan MUST loop in the state governments. We need practical steps including necessary legislative interventions:
- Steps to develop crop production, animal production (ruminants and poultry)
- Steps to attract FDI, Niger Delta fishery and other marine resources.
- Steps to boost our SMEs, Steps to boost ICT capacity of our young people,
- Steps for transparently bringing investors to exploit our solid minerals
- etc

Buhari came with poorly planned diversification program that didn't involve the state governments for multiplier effects. It lost steam too fast.

End of discussion.... This is the A to Z of the matter my brother.

festacman:

We need a clear, home-grown (not texbook theories) multi-fields diversification plan proposal from the presidential candidates for moving our economy away from dependence on crude oil. Such should plan MUST loop in the state governments. We need practical steps including necessary legislative interventions:
- Steps to develop crop production, animal production (ruminants and poultry)
- Steps to attract FDI, Niger Delta fishery and other marine resources.
- Steps to boost our SMEs, Steps to boost ICT capacity of our young people,
- Steps for transparently bringing investors to exploit our solid minerals
- etc

Buhari came with poorly planned diversification program that didn't involve the state governments for multiplier effects. It lost steam too fast.

Tank you very mach for this beauty something you wrote up there.

festacman:


Is Obi an economist?

he is

Buckeyemedia1:
I don’t think your Peter Obi is half as stingy as President Buhari, The Labor Party people that will put Peter Obi there will want their investment money back, before any good economy comes to fruition.

He will never smell Aso Rock kitchen.

Buhari is unaware, he is stingy. We need someone aware.

festacman:
Love what Sanusi said though he didn't suggest solutions.

The truth is that saying you will remove fuel subsidy from day one as president means you are either deceitful or you are ignorant of our fundamental economic problems: we are producing little locally for export in addition to our now unreliable earnings from crude oil. So if you are removing the current oil subsidy which will push up cost goods and services locally and if you throwing the forex market to market forces, tell us your plan to hold the economy if things go south.

Look, Peter Obi (the breath of fresh air) stated earlier in his candidature of his intention to take Nigeria from consumption to production but didn't say HOW. Other candidates haven't said anything tangible on this.

We need a clear, home-grown (not texbook theories) multi-fields diversification plan proposal from the presidential candidates for moving our economy away from dependence on crude oil. Such plans MUST loop in the state governments. We need practical steps including necessary legislative interventions:
- Steps to develop crop production, animal production (ruminants and poultry)
- Steps to attract FDI,
- Steps to develop Niger Delta fishery and other marine resources.
- Steps to boost our SMEs, Steps to boost ICT capacity of our young people,
- Steps for transparently bringing investors to exploit our solid minerals
- etc

Buhari came with poorly planned diversification program that didn't involve the state governments for multiplier effects. It lost steam too fast.

Buhari came with nothing apart from NEPOTISM.
the country became messed up once people saw through him.

We will fall into more sorrows because the masses are just blindly a d sentimentally following wolves (politicians), who they thought are their own.

This is why we need Tinubu. Only him can take the necessary decisions that will make Nigeria great and stand by it. He is a man as we have seen many time that sticks to the right decisions instead of the popular ones.

Buckeyemedia1:
I believe, Same way they were handed a mess by their pdp predecessors?

I'm not here to talk apc or PDP but since you want to.. In 2015 1 dollar was 170 naira. I'd take that 'mess' over this one any day

ogododo:

https://punchng.com/subsidy-im-sorry-for-the-next-president-sanusi/

It is common sense to fix our refineries before removing subsidy. And Atiku who could have ensured the Refinery was working as his boss was globetrotting choose to capitalize on the nich to bring in Milano generators, and such a person wants to be President, and some citizens who are used to suffering are still talking of PDP. Should any sane person even listen to Atiku?

I wonder if all these applicants know the Job Description of the work they're applying for.

Phantom233:

Sanusi was one of the key northerner that fought GEJ then followed by Ameachi from the south and Tinubu from the west. These men speak with both sides it their mouth.

SMH

Sanusi said money was missing, GEJ ousts him.

How did that have anything to do with 2015?

TheOgaBoss:
Do u mean same tinubu, who led his party, apc, to march against GEJ when he wanted to remove same fuel subsidy and they even went as far as denying that there was no subsidy? Is it that same individual? Alright, u guys delusional.

Your imbecility must be inherited. Zero IQ Zombidient monkey. I bet you and your family have abandoned your evil enclave to run to Tinubu's Lagos.
Pls get lost.

I hope one day una mumu go do and you all will stop allowing yourselves be divided along ethnic and religious lines by this maradona politicians..in a saner clime buhari should never have smelled the villa..

- there is fraud in the current subsidy. Step one should be to change the way subsidy is paid for from day one.
- step two should be to link subsidy (maybe with e naira) to incomes. This will drive everyone to declare income, something needed for planning purposes.
- immediately start buying and selling crude and refined products in naira within Nigeria. Part of the reason for the explosion in subsidy is the destruction of the naira. Subsidy payments (in naira) have increased by 400% just based on currency exchange rate.
- give anybody who wants and has a technical partner/expertise, a refining license. Fast track for people building or setting up modular refineries.
- give existing refiners (perhaps including kpo kpo fire refiners) loan backing for capital investment. No actual money will change hands. BOI pay for their equipment directly. They pay for shipping and get refund within 2 years (after they have started producing). Give them import duty clearance. Or get them to import through any FTZs we already have.
- when the average landing cost is not too much higher than the pump cost. Remove subsidy for people earning over N1 m a year in Nigeria. Subsidy payments will be made to the poorer Nigerians in e-naira. They can buy directly with their phones.

The effect will be felt from day 1. Complete effect within 5/6 years.

festacman:
Love what Sanusi said though he didn't suggest solutions.

The truth is that saying you will remove fuel subsidy from day one as president means you are either deceitful or you are ignorant of our fundamental economic problems: we are producing little locally for export in addition to our now unreliable earnings from crude oil. So if you are removing the current oil subsidy which will push up cost goods and services locally and if you throwing the forex market to market forces, tell us your plan to hold the economy if things go south.

Look, Peter Obi (the breath of fresh air) stated earlier in his candidature of his intention to take Nigeria from consumption to production but didn't say HOW. Other candidates haven't said anything tangible on this.

We need a clear, home-grown (not texbook theories) multi-fields diversification plan proposal from the presidential candidates for moving our economy away from dependence on crude oil. Such plans MUST loop in the state governments. We need practical steps including necessary legislative interventions:
- Steps to develop crop production, animal production (ruminants and poultry)
- Steps to attract FDI,
- Steps to develop Niger Delta fishery and other marine resources.
- Steps to boost our SMEs, Steps to boost ICT capacity of our young people,
- Steps for transparently bringing investors to exploit our solid minerals
- etc

Buhari came with poorly planned diversification program that didn't involve the state governments for multiplier effects. It lost steam too fast.

Rubbish political scammers.
It is clear to them that nothing like election in 2023 but break away.
Every regions forced into this useless Nigeria are breaking away.

cooooooks:
- there is fraud in the current subsidy. Step one should be to change the way subsidy is paid for from day one.
- step two should be to link subsidy (maybe with e naira) to incomes. This will drive everyone to declare income, something needed for planning purposes.
- immediately start buying and selling crude and refined products in naira within Nigeria. Part of the reason for the explosion in subsidy is the destruction of the naira. Subsidy payments (in naira) have increased by 400% just based on currency exchange rate.
- give anybody who wants and has a technical partner/expertise, a refining license. Fast track for people building or setting up modular refineries.
- give existing refiners (perhaps including kpo kpo fire refiners) loan backing for capital investment. No actual money will change hands. BOI pay for their equipment directly. They pay for shipping and get refund within 2 years (after they have started producing). Give them import duty clearance. Or get them to import through any FTZs we already have.
- when the average landing cost is not too much higher than the pump cost. Remove subsidy for people earning over N1 m a year in Nigeria. Subsidy payments will be made to the poorer Nigerians in e-naira. They can buy directly with their phones.

The effect will be felt from day 1. Complete effect within 5/6 years.

Looks good.

ATLIEN2027:


Your imbecility must be inherited. Zero IQ Zombidient monkey. I bet you and your family have abandoned your evil enclave to run to Tinubu's Lagos.
Pls get lost.

mumu son of an slowpoke, y do u asse that everyone lives in Lagos, oh I forgot Lagos is the peak achievement anyone in ur family has ever accomplished.

TheOgaBoss:
mumu son of an slowpoke, y do u asse that everyone lives in Lagos, oh I forgot Lagos is the peak achievement anyone in ur family has ever accomplished.

Bastard retarded IPOB terrorist monkey, thunder fire you, your shit-hole olosho mother and your village drunkard father. OSU slave Aba baby factory product of a 1000 sperm from village idiots.
Poverty has deprived you of your small brain, scum of the Earth with a miserable low life existence.
Lagos lagoon is your final destination.

BluntTheApostle:


SMH

Sanusi said money was missing, GEJ ousts him.

How did that have anything to do with 2015?

Did sanusi speak about the monies he stole as CBN governor or you think he is a saint? He was fighting GEJ like others did.

Phantom233:

Did sanusi speak about the monies he stole as CBN governor or you think he is a saint? He was fighting GEJ like others did.

Who were the others fighting GEJ?

You are just making up stories in your head.

BluntTheApostle:


Who were the others fighting GEJ?

You are just making up stories in your head.

El rufai, Tinubu, Ameachi, Sowore,Obasonjo, Tunde Bakare, woke soyinka, the list is endless

Phantom233:

El rufai, Tinubu, Ameachi, Sowore,Obasonjo, Tunde Bakare, woke soyinka, the list is endless

The same Soyinka that pressurized the cabal to let GEJ act as president when Yar'Adua was incommunicado?

I don't know how you people view DEMOCRACY.

But let me tell you something, people have a choice to support and reject whomever they want as leader. It doesn't translate to FIGHTING.

You even mentioned Amaechi. The same Amaechi who Patience Jonathan used CP to harass in his own state, including once preventing him from accessing Government House?

Nawa for una o.