₦airaland Forum

Brendaniel:
He will...

Geopex:
But if he see u and s'eyi now, he will differentiate s'eyi from u àbí? Sense no common

Ihedinuwa69:
Printing money notes of high denomination...
How well will it reduce the rate of inflation

PHIPEX:
This is what CBN is trying to avoid

In 2012 Tinubu rallied the poor against Jonathan at Ojota to reject fuel subsidy removal. in 2023 he is promising to remove subsidy.whether Nigerians like it or not. We wasted 10years of our national resources because of it.

He is rallying the poor again to reject the cashless policy, 10years to come we would come back again on the same story after wasting our resources.

Tycyborg:
Where were you that day at ojota? I was there and no one rally us... We went there in group from different areas... Besides it's not because of fuel subsidy removal he increased the price from 65 naira to a hundred and something... Before soldiers came with weapons and threatens they will shoot us before we ran for our lives... So how did you get your information... Now I know all what you people do say are propaganda and lies and I could remember it was December / January and we did the protest on January be because lot of people who traveled are stuck and couldn't get to lagos

Mccullum:
You mean Peethief Obi Pandora? REJECTED

UNDFTD:
No Nigerian including Peter Obi or any of the other criminals can solve the problem of Nigeria.

Malory:
Truth is that Tinubu will bury Nigeria if he mistakenly wins. He might even print #10, 000 note. With Obi inflation will drastically reduce and coins will be reintroduced.

UmbrateethO4:
I eat dog shit to pay rent

Brendaniel:
I now see why you guys are supporting people like Tinubu and Atiku, you've lost hope in Nigeria ever getting better....

Curvinus:
Nigeria can never get better and I will tell you why. Nigerians are not united and a house divided against itself can never stand. While some are chasing education and technological advancement, others are busy chasing religion. So, it is such that as one region tries to advance, others pull it back with their selfish interests.

Secondly, tribalism and ethnicity are the dominant factors in it's politics. People merely support politicians from their ethnic nationalities and not necessarily the better candidate. For instance, despite the hyperinflation being experienced in the country today, none of the politicians, bar Peter Obi has addressed the issue of salary increase. Even when the Labour Minister hinted at that, the federal government swiftly shut him down. Yet, people are queuing behind these politicians. So, tell me how life will getter better if wages don't improve in the face of this crippling inflation? Rather, all we hear about is subsidy removal which will further worsen the living condition of Nigerians. There is no single mention about how the introduction of Dangote refinery and others will ameliorate the situation because they want to prepare our minds for the untold hardship they will foist on us while they smile to the bank with the proceeds of expensive fuel.

Thirdly, Nigeria's economic policy is designed to lead the economy into collapse. How can you issue bonds at 15 percent interest rates and you use the proceeds to pay salaries. Nigeria also borrows money to pay salaries rather than using same to develope infrastructure. Even the so called SUKUK bond, I doubt if anybody is monitoring how they are being utilized. Do you realize how easily an Emefiele or a certain Accountant General can simply usurp our commonwealth by accessing a 15 percent interest FG bond for 30 years using stolen billions, without contributing meaningfully to the economy. Even the almighty US issues bond at less than 3 percent interest. Yet struggling Nigeria wants to outdo itself.

Nigeria also lacks an industrialisation policy which is what many countries in our current situation used to advance their economies. Without a sound industrialisation policy, how do we intend to kickstart the much talked about industrial growth that would make us self reliant?

Poor education is also a big issue. Try to do a course online and see the huge contrast with our education curriculum. Our education system simply doesnt prepare us for the task of nation building or self development. Instead, it is full of outdated 19 century theories that have lost their relevance in the modern world. Our education system needs to be revamped but who will do this? Can you give what you don't have?

Lastly, Nigeria runs an underground economy where there is no transparency. If you go to a government Ministry today, you will see flashy cars belonging to civil servants all fully paid for without mortgage. But we know the salaries of these government workers cannot afford it but everyone carries on like it's normal. Even the real estate sector where duplexes are being built daily, how many peoples salaries can afford this. Nigerians live in houses bought and paid for without mortgage, even with very poor salaries. How are they doing it if not via corrupt proceeds.


There are many others but I don't wish to stress this any further. Except something drastic is done, Nigeria will continue to run in circles as the few privileged ones with access to public funds loot themselves out of poverty, while others wait in line for their turn to have a bite at the national cherry.

PHIPEX:
This is what CBN is trying to avoid

In 2012 Tinubu rallied the poor against Jonathan at Ojota to reject fuel subsidy removal. in 2023 he is promising to remove subsidy.whether Nigerians like it or not. We wasted 10years of our national resources because of it.

He is rallying the poor again to reject the cashless policy, 10years to come we would come back again on the same story after wasting our resources.

Malory:
Truth is that Tinubu will bury Nigeria if he mistakenly wins. He might even print #10, 000 note. With Obi inflation will drastically reduce and coins will be reintroduced.

Brendaniel:
I get your point but I believe with a right leader we can start from somewhere to improve, I still believe Nigeria might break up at some point but for now we can start making improvements like restructuring that will eventually lead to break up...

For me the break up or full autonomous regional governments is the main goal, our regional Ideologies are far apart between the south and the north and that is a big problem which needs to be solved with either a break up or regionalism, but we have to start from somewhere, we have tried using war it did not work, we should try diplomacy this time...

Curvinus:
Restructuring may look good on paper but in practice, it is impracticable due to already entrenched interests.. Weaning off the state governments of their dependence on oil revenue will lead to chaos in every sector due to the impact it would have on their finances. Imagine that a state is unable to pay teachers, medical doctors, security agents, the judiciary and so much more. Do you think there would still be law and order.

You need to also bear in that Nigeria operates a federal constitution which repudiates secession. Restructuring, technically could also be seen as encouraging secession and we know what usually follows any attempt at restructuring, especially the section favoured most by a unitary system.

damkin24:
The first commenter just make a fool of himself.

Malory:
Truth is that Tinubu will bury Nigeria if he mistakenly wins. He might even print #10, 000 note. With Obi inflation will drastically reduce and coins will be reintroduced.

damkin24:
The first commenter just make a fool of himself.

PHIPEX:
Do you know how remote control works? You thought you just woke up and went to Ojota to dance? Remote controls a TV wirelessly without evidence. You were controlled wirelessly to go to Ojota

Whoever controls the media narratives controls your mind and how you think

Brendaniel:
I now see why you guys are supporting people like Tinubu and Atiku, you've lost hope in Nigeria ever getting better....

fabian063:
country wey their 2,000 pesos worth 6 dollars na him u dey compare with Nigeria. 2,000 naira barely reach 4 dollars

thebosstrevor1:
Nigeria might get to these level if time is not taken

fabian063:
country wey their 2,000 pesos worth 6 dollars na him u dey compare with Nigeria. 2,000 naira barely reach 4 dollars

chimpad:
Good to know Nigeria isn't the dumbest. This one collect medal pass us.

fubsy:
May Nigeria not find itself in this situation. Let's vote a person that will save the country instead of the one that wants to be president despite his questionable character, and history and seeming lack of competence.

nlfpmod:
https://www.bloomberg.com/news/articles/2023-02-02/argentina-2000-peso-bills-launch-as-inflation-nears-100-stacks-of-cash?leadSource=uverify%20wall