₦airaland Forum

obi58:
Let us start by slashing the salaries and allowances of the president and all his staff by 70%. Ditto for all senators and house of rep members.

Let's do the same for all governors.

Abolish all convoys beyond 3 vehicles.

Abolish all first class and private jet travels except for the president. Every other government official should travel business class max .

Increase taxes on all individuals with a bank account of 100m and above by 20%.

Increase taxes on all businesses with a bank balance of N20m and above by 5%.

INSTALL TRACKERS ON ALL TANKERS CARRYING FUEL FROM THE DEPOTS TO CHECK DIVERSION AND SMUGGLING.

Impose stiff penalties (Life imprisonment to Death) on all involved in smuggling especially conniving government officials and customs staff.

Provide financial rewards of 20m per head for all useful information provided to help catch fuel smugglers and their enablers in government.

Conduct extensive investigation and analysis of the purported figures provided by nnpc with respect to our daily crude oil production and our daily domestic fuel consumption figure. This will help slash the amount we pay as subsidy by 50% and also boost our daily crude oil output.

Reduce the number of aides and special assistants by 70%. Where there is need for specialists hire consultants.

Etc

nairalanda1:
Probably just about.

Subsidy costs, if we kept them, would have soon risen far above that. Even if we removed corrupt practices and smuggling

obi58:
Uncle please define in clear concise terms the costs involved in the importation of fuel per litre and what component of that cost is covered by subsidy.

When we were refining fuel domestically were we paying subsidy to anybody? Is it not when fuel importation started that subsidy was introduced to insulate the domestic economy against rising fuel prices abroad?

What was the subsidy figure in 2021 per litre? N70
In 2022? N120
How did this now rise to almost N500 in 2023?

nairalanda1:
Still won't work.

obi58:
Stop engaging in wishful thinking.

Provide cogent reasons why it won't work and why we shouldn't start by implementing these measures first and see where it would take us?

nairalanda1:
Subsidy has gone.

Accept it

nairalanda1:
Still won't work.

obi58:
You have nothing sensible to say.

This is supposed to be a democracy not an autocracy where the interests of the people are priority.

What we see instead is the continued impovrishment of the people whilst we keep babysitting corruption and looting in high places.

gbaskiboy:
This period we are passing through is similar to the great depression America experienced in 1929 it was a tough period for them as economy falls drastically, stock exchange lost 50, 1 out of 4 people are unemployed. God abeg make you help us to pass this period safely. I see frustration everywhere, suicidal thought if government do not cushion this on time I saw disaster in waiting..

obi58:
That is not an economic argument.

Make it make sense.

felong:

nairalanda1:
Okay let's keep borrowing to pay the subsidy.

Let's start by conducting a comprehensive audit of the 2023 budget. You will be sure that significant funds will be recovered from there because a lot of budget padding has gone into preparing it. Efcc should resume their pursuit of government looters and help recover stolen government funds.

Until there is no money left and government starts owing salaries even for Senators

Our problem is not subsidy but corruption. Please let's get this straight. It's corruption that is slowly strangling the country and the government is idly watching as the masses are being roasted in economic penury, provided their own interests are protected.


The palaver is that subsidy is good but paying for it is overexpensive. Even if we remove the senators and governors excess salaries.

Says who? Leadership is supposed to be by example. If our leaders are expecting us to tighten our belts they should lead by example by sacrificing their incomes and allowances towards improving our economic position. But will they do this?

obi58:
.

nairalanda1:
Still won't work.

obi58:
Like father like son.

Bulabaaaa shedibalabala

nairalanda1:
Then run for office and implement your plans then.

Stop disturbing us here.

Judolisco:
It's not easy on us bolt drivers... If I want to fill my tank now I have to spend over 25k
Government should Pls reduce fuel price... No be everybody get money

nairalanda1:
Subsidy has gone.

Accept it

obi58:
You are the one disturbing the public peace with your meaningless disinformation and propaganda

You have been asked to propagate a gospel you have no understanding of. Just to go about spreading lies like subsidy removal is the best for Nigeria and that there is no need to cut the cost of governance because it won't make any economic impact lies and more lies.

Go and brush up your economics. Governments don't contract public spending to escape a depression. You have to make significant public spending to reflate the economy. Subsidies, tax cuts, tax incentives, business loans.... That's the way to go to get out of our current situation and of course the elephant in the room: fight corruption head on!

Even fools are thought to be wise if they keep quiet.

ChybuzzDD:
This is a stupid way to argue.

It seems you're one of or related to one of those criminals in politics destroying the country's economy

jmoore:
Instead of paying 200 naira for transport, use 50 naira to buy corn and trek for 45 mins to your location. Abeg no kill me with laughter ooo

dyera:
The worst thing is that, petrol price has increased by 200% but drivers increased the price of transportation by only 50% in most places, this is because if they increase it more than that people will not be able to afford it. But this means, drivers are the ones that are now bearing the brunt.

SirBanty:


In this time of rising cost of fuel in spite of the harsh weather condition and lack of power supply, you need a power station to help recharge your phone, laptops and rechargeable fan when there is no light.

Emma4real333:
Continue this your mumu e go soon tire you and your family. Ewu

obi58:
You are the one disturbing the public peace with your meaningless disinformation and propaganda

You have been asked to propagate a gospel you have no understanding of. Just to go about spreading lies like subsidy removal is the best for Nigeria and that there is no need to cut the cost of governance because it won't make any economic impact lies and more lies.

Go and brush up your economics. Governments don't contract public spending to escape a depression. You have to make significant public spending to reflate the economy. Subsidies, tax cuts, tax incentives, business loans.... That's the way to go to get out of our current situation and of course the elephant in the room: fight corruption head on!

Even fools are thought to be wise if they keep quiet.

dyera:
The worst thing is that, petrol price has increased by 200% but drivers increased the price of transportation by only 50% in most places, this is because if they increase it more than that people will not be able to afford it. But this means, drivers are the ones that are now bearing the brunt.

ChybuzzDD:
This is a stupid way to argue.

It seems you're one of or related to one of those criminals in politics destroying the country's economy

Aguogba:
Under GEJ, most people were shouting "we no go gree!" subsidy must be retained. Now, everyone just became unsolicited economic advisers to people on how to accept this hurried and stupid policy.