₦airaland Forum

wonder233:
Punch should not worry themselves. Nigerians don't care about any of these things. All Nigerians need is their religion and tribe. They don't really mind poverty, insecurity, hunger, unemployment, etc.
Anything the new administration will do is perfectly fine, anyway they act is excellent.
Lets stop forming woke by pretending we care about good governance, whereas what we really want deep down is for someone of our tribe or religion to be in power and another person from another tribe or religion we hate not to.

Boyooosa:
Who would you have preferred as a successor?

4Play:
The decision to postpone subsidy removal and at the same time commence salary increase implementation seem like attempts to sabotage the new administration before it's taken office.

Not that Tinubu personally cares. If anything, his supporters will use Buhari's ineptitude as propaganda in future to make excuses for him.

wonder233:
My idea of a preferred successor should have been someone healthy, willing to serve seflessly, scandal free.
In a country of 200m people, is it a coincidence that 3 of the last 4 presidents are sick dying men?

DeLaRue:
That 40% salary increase was shocking. The questionable agreements the current government is rushing to sign are befuddling.

We need fiscal and monetary tightening to bring our debt profile to a sustainable level, not reckless spending.

Reckless spending = more debt, more debt = increased chance that we default on repayment, default will = crash of the naira to well over N1, 200 to $1. To put things in context, the Egyptian pound lost 50% of its value in 2022 alone. Don't think Naira cannot do the same.

Naira crash = hyper inflation which will finally turn the economy upside down.

By then, we will be in the clutches of the IMF like Ghana, Sri Lanka, Argentina, Egypt, and Lebanon.

Inflation in Lebanon is over 250%. Today, bread in that country costs 50 times as much as it did 3 years ago.

That's the equivalent of buying a N500 loaf of bread for N25,000.

All because they failed to manage their economy properly. I hope Mr Tinubu or his advisers learn from what is happening in these countries.

Tinubu needs to declare a debt state of emergency as soon as he gets in and do the following:

1. Temporary ban on salary increases
2. Ban on certain infrastructural projects for 2 years - e.g no new major road construction to be approved. Let's do patching for now
3. Orasanye report or a revised version should be implemented. Many agencies should be abolished or merged
4. Sell off non performing refineries that are still gulping tens of billions annually
5. Get rid of the hundreds of APC hangers-on now swirling around him. If tolerated, these gluttons will be the ruin of this country.

In the mean time:

1. Channel resources into education - elevate university infrastructure, keep agreements made with lecturers, and help our schools produce graduates that can compete on a global level.

2. Increase import duty exponentially on non-essential reckless imports that are destroying the value of the naira. I don't understand why my local supermarket has 4 different types of almond milk. 10 years ago, nobody had heard of almond milk, and we survived.

3. Spend on improving efficiency in public service delivery.

A few years ago, registering a company was complicated and in many cases required bribing CAC staff. Today, the process is as smooth as butter because the entire process has been moved online and no more bribery. The efficiency gains are massive. This approach should be adopted across all government departments. It will significantly reduce if not eliminate certain types corruption, at very little cost.

4. Pay down our debt.

5. By the end of year 2, start loosening the purse strings again, but more responsibly than the current govt. Paying down the debt significantly will help to stabilise the Naira, and help Mr Tinubu to start investing in priority infrastructure again. New roads, better schools, better hospitals etc

Instead of immediate salary increases, he should consider removing all those earning N40, 000 or below from paying income tax. This will help a large portion of salaried people without inflicting as much inflationary pain as reckless salary increases will do.

We need to take a short term pain for long term prosperity. There are no short cuts.

lailo:
The only person who campaigned along religion and tribal lines is Peter Obi of Igbo. A special call to Oyedepo is a testimony and deliberate and isolated several campaign to churches and Igbo dominated markets across the country come to mind. No other candidate including Tinubu, Atiku, Sowore, Kwankwaso ever explored such faultlines.

helinues:
Nigerians elected his Excellency Bola Tinubu because they believe in his ability to solve issues.

Tinubu is the most prepared candidate ever not just in this year election but in all the Nigeria past presidential election.

I believe in Tinubu's capabilities, he should be allowed to make the difference without unnecessary distraction

wonder233:
I'm not a Peter Obi campaigner. I'm not igbo. What is wrong with Nigerians? Must everything be about your tribal fights and hates? Yar'adua a sick man was in power and his death threw the country into a power crisis we have still not recovered from. Another sick man Buhari is just finishing 8years of hardship and suffering which he himself admitted he couldn't perform much due to ill health. Now another clearly sick man Tinubu is about to enter, and all you care about is how you hate ibos. Are Nigerians cursed?

EdoBoy90:
By then, I don japa

WorldRichest:
Tinubu is the master planner. No trap can hold him

WorldRichest:
Tinubu is the master planner. No trap can hold him

DeLaRue:
That 40% salary increase was shocking. The questionable agreements the current government is rushing to sign are befuddling.

We need fiscal and monetary tightening to bring our debt profile to a sustainable level, not reckless spending.

Reckless spending = more debt, more debt = increased chance that we default on repayment, default will = crash of the naira to well over N1, 200 to $1. To put things in context, the Egyptian pound lost 50% of its value in 2022 alone. Don't think Naira cannot do the same.

Naira crash = hyper inflation which will finally turn the economy upside down.

By then, we will be in the clutches of the IMF like Ghana, Sri Lanka, Argentina, Egypt, and Lebanon.

Inflation in Lebanon is over 250%. Today, bread in that country costs 50 times as much as it did 3 years ago.

That's the equivalent of buying a N500 loaf of bread for N25,000.

All because they failed to manage their economy properly. I hope Mr Tinubu or his advisers learn from what is happening in these countries.

Tinubu needs to declare a debt state of emergency as soon as he gets in and do the following:

1. Temporary ban on salary increases
2. Ban on certain infrastructural projects for 2 years - e.g no new major road construction to be approved. Let's do patching for now
3. Orasanye report or a revised version should be implemented. Many agencies should be abolished or merged
4. Sell off non performing refineries that are still gulping tens of billions annually
5. Get rid of the hundreds of APC hangers-on now swirling around him. If tolerated, these gluttons will be the ruin of this country.

In the mean time:

1. Channel resources into education - elevate university infrastructure, keep agreements made with lecturers, and help our schools produce graduates that can compete on a global level.

2. Increase import duty exponentially on non-essential reckless imports that are destroying the value of the naira. I don't understand why my local supermarket has 4 different types of almond milk. 10 years ago, nobody had heard of almond milk, and we survived. India, Singapore, China etc have these targeted taxes. Nigeria should double - down on targeted high import taxes.

3. Spend on improving efficiency in public service delivery.

A few years ago, registering a company was complicated and in many cases required bribing CAC staff. Today, the process is as smooth as butter because the entire process has been moved online and no more bribery. The efficiency gains are massive. This approach should be adopted across all government departments. It will significantly reduce if not eliminate certain types corruption, at very little cost.

4. Pay down our debt.

5. By the end of year 2, start loosening the purse strings again, but more responsibly than the current govt. Paying down the debt significantly will help to stabilise the Naira, and help Mr Tinubu to start investing in priority infrastructure again. New roads, better schools, better hospitals etc

Instead of immediate salary increases, he should consider removing all those earning N40, 000 or below from paying any income tax. This will help a large portion of struggling salaried people without inflicting as much inflationary pain as reckless salary increases will do.

We need to take a short term pain for long term prosperity. There are no short cuts.

4Play:
The decision to postpone subsidy removal and at the same time commence salary increase implementation seem like attempts to sabotage the new administration before it's taken office.

Not that Tinubu personally cares. If anything, his supporters will use Buhari's ineptitude as propaganda in future to make excuses for him.

DeLaRue:
That 40% salary increase was shocking. The questionable agreements the current government is rushing to sign are befuddling.

We need fiscal and monetary tightening to bring our debt profile to a sustainable level, not reckless spending.

Reckless spending = more debt, more debt = increased chance that we default on repayment, default will = crash of the naira to well over N1, 200 to $1. To put things in context, the Egyptian pound lost 50% of its value in 2022 alone. Don't think Naira cannot do the same.

Naira crash = hyper inflation which will finally turn the economy upside down.

By then, we will be in the clutches of the IMF like Ghana, Sri Lanka, Argentina, Egypt, and Lebanon.

Inflation in Lebanon is over 250%. Today, bread in that country costs 50 times as much as it did 3 years ago.

That's the equivalent of buying a N500 loaf of bread for N25,000.

All because they failed to manage their economy properly. I hope Mr Tinubu or his advisers learn from what is happening in these countries.

Tinubu needs to declare a debt state of emergency as soon as he gets in and do the following:

1. Temporary ban on salary increases
2. Ban on certain infrastructural projects for 2 years - e.g no new major road construction to be approved. Let's do patching for now
3. Orasanye report or a revised version should be implemented. Many agencies should be abolished or merged
4. Sell off non performing refineries that are still gulping tens of billions annually
5. Get rid of the hundreds of APC hangers-on now swirling around him. If tolerated, these gluttons will be the ruin of this country.

In the mean time:

1. Channel resources into education - elevate university infrastructure, keep agreements made with lecturers, and help our schools produce graduates that can compete on a global level.

2. Increase import duty exponentially on non-essential reckless imports that are destroying the value of the naira. I don't understand why my local supermarket has 4 different types of almond milk. 10 years ago, nobody had heard of almond milk, and we survived. India, Singapore, China etc have these targeted taxes. Nigeria should double - down on targeted high import taxes.

3. Spend on improving efficiency in public service delivery.

A few years ago, registering a company was complicated and in many cases required bribing CAC staff. Today, the process is as smooth as butter because the entire process has been moved online and no more bribery. The efficiency gains are massive. This approach should be adopted across all government departments. It will significantly reduce if not eliminate certain types corruption, at very little cost.

4. Pay down our debt.

5. By the end of year 2, start loosening the purse strings again, but more responsibly than the current govt. Paying down the debt significantly will help to stabilise the Naira, and help Mr Tinubu to start investing in priority infrastructure again. New roads, better schools, better hospitals etc

Instead of immediate salary increases, he should consider removing all those earning N40, 000 or below from paying any income tax. This will help a large portion of struggling salaried people without inflicting as much inflationary pain as reckless salary increases will do.

We need to take a short term pain for long term prosperity. There are no short cuts.

wink2015:
Northern Political leaders are notorious for pulling down Nigeria.

When a Southern President move Nigeria economy forward immediately a northern President come on board he immediately bring the economy to its feets.


That is how Nigeria has been operating since Independence and the coming of democracy in 1999.

4Play:
The decision to postpone subsidy removal and at the same time commence salary increase implementation seem like attempts to sabotage the new administration before it's taken office.

Not that Tinubu personally cares. If anything, his supporters will use Buhari's ineptitude as propaganda in future to make excuses for him.

WorldRichest:
Tinubu is the master planner. No trap can hold him

DeLaRue:
That 40% salary increase was shocking. The questionable agreements the current government is rushing to sign are befuddling.

We need fiscal and monetary tightening to bring our debt profile to a sustainable level, not reckless spending.

Reckless spending = more debt, more debt = increased chance that we default on repayment, default will = crash of the naira to well over N1, 200 to $1. To put things in context, the Egyptian pound lost 50% of its value in 2022 alone. Don't think Naira cannot do the same.

Naira crash = hyper inflation which will finally turn the economy upside down.

By then, we will be in the clutches of the IMF like Ghana, Sri Lanka, Argentina, Egypt, and Lebanon.

Inflation in Lebanon is over 250%. Today, bread in that country costs 50 times as much as it did 3 years ago.

That's the equivalent of buying a N500 loaf of bread for N25,000.

All because they failed to manage their economy properly. I hope Mr Tinubu or his advisers learn from what is happening in these countries.

Tinubu needs to declare a debt state of emergency as soon as he gets in and do the following:

1. Temporary ban on salary increases
2. Ban on certain infrastructural projects for 2 years - e.g no new major road construction to be approved. Let's do patching for now
3. Orasanye report or a revised version should be implemented. Many agencies should be abolished or merged
4. Sell off non performing refineries that are still gulping tens of billions annually
5. Get rid of the hundreds of APC hangers-on now swirling around him. If tolerated, these gluttons will be the ruin of this country.

In the mean time:

1. Channel resources into education - elevate university infrastructure, keep agreements made with lecturers, and help our schools produce graduates that can compete on a global level.

2. Increase import duty exponentially on non-essential reckless imports that are destroying the value of the naira. I don't understand why my local supermarket has 4 different types of almond milk. 10 years ago, nobody had heard of almond milk, and we survived. India, Singapore, China etc have these targeted taxes. Nigeria should double - down on targeted high import taxes.

3. Spend on improving efficiency in public service delivery.

A few years ago, registering a company was complicated and in many cases required bribing CAC staff. Today, the process is as smooth as butter because the entire process has been moved online and no more bribery. The efficiency gains are massive. This approach should be adopted across all government departments. It will significantly reduce if not eliminate certain types corruption, at very little cost.

4. Pay down our debt.

5. By the end of year 2, start loosening the purse strings again, but more responsibly than the current govt. Paying down the debt significantly will help to stabilise the Naira, and help Mr Tinubu to start investing in priority infrastructure again. New roads, better schools, better hospitals etc

Instead of immediate salary increases, he should consider removing all those earning N40, 000 or below from paying any income tax. This will help a large portion of struggling salaried people without inflicting as much inflationary pain as reckless salary increases will do.

We need to take a short term pain for long term prosperity. There are no short cuts.

helinues:
Nigerians elected his Excellency Bola Tinubu because they believe in his ability to solve issues.

Tinubu is the most prepared candidate ever not just in this year election but in all the Nigeria past presidential election.

I believe in Tinubu's capabilities, he should be allowed to make the difference without unnecessary distraction

dre11:
https://punchng.com/buhari-lays-booby-traps-for-incoming-government/

Nigerians and his successor deserve soft landing, not booby traps.

Exumal:
In all these you never mentioned;
1) cutting down the running cost of governance.
2) Bringing in efficient policies that boost local production.
😯😯

grandstar:
What is deeply worrying is that the incoming president has kept mute despise the going on. He should have out rightly rejected the increase in the minimum wage and and that it isn't binding on the his government. Let his government decide.

He should have argued that the present government already spends 96% of government revenue on servicing debt, so there's basically no money to pay the salary increase. If there's going to be a salary increase, it would be very inflationary and that inflation will eat away at any increase in real terms. As economic naïve as the citizens are, they do associate increase in the minimum wage with inflation.

When the Abdulsalaam Abubakar administration attempted to sell off 40% of NEPA, NITEL and other government owned companies in 1999, OBJ said he would not recognize any sale and this put off their partial privatization.. Tinubu should take a cue from this.

WorldRichest:
Tinubu is the master planner. No trap can hold him

WorldRichest:
Tinubu is the master planner. No trap can hold him

lexy2014:
leave them. let them be speaking grammar

WorldRichest:
Tinubu is the master planner. No trap can hold him