₦airaland Forum

GO0DHardDick:
Damn!

The FG should do well to also stop Nigeria from supplying Ghana and other countries electricity. Of course I don't expect the drug lord to do this because he is a fool. The werey is desperately trying to buy his way and win the heart of Nigerians but he has failed already. Obi will rearrange this country when he comes onboard. I'll urge the election tribunal to hurry up and do the needful ASAP.

Shior

GO0DHardDick:
Damn!

The FG should do well to also stop Nigeria from supplying Ghana and other countries electricity. Of course I don't expect the drug lord to do this because he is a fool. The werey is desperately trying to buy his way and win the heart of Nigerians but he has failed already. Obi will rearrange this country when he comes onboard. I'll urge the election tribunal to hurry up and do the needful ASAP.

Tell Obi to go and arrange Anambra first before thinking of arranging a complex country like Nigeria. Mr arranger.

GO0DHardDick:
Damn!

The FG should do well to also stop Nigeria from supplying Ghana and other countries electricity. Of course I don't expect the drug lord to do this because he is a fool. The werey is desperately trying to buy his way and win the heart of Nigerians but he has failed already. Obi will rearrange this country when he comes onboard. I'll urge the election tribunal to hurry up and do the needful ASAP.

You called the President a fool. Why are you guys so useless? Your lack of moral upbringing is what led you to kill Tafawa Balewa, and it is why you will never rule this country! You will remain observers till thy kingdom come. Let all the whole South East region study law, you will remain the way you are. It is your father's father and ancestors that are fools. Bloody nonsense! Slaves don't rule!

CodeTemplar:
No 1. is faulty in the sense that, debt was suppose go into productive use that will support the debt repayment but has been misused.
No. 3 is religion of what my reply exposed the flaw.

1.You haven't heard about Dutch disease.

Okay , Nigeria is a dutch diseased nation (which is why I say that all governments in Nigeria past and present are useless). When oil prices are high, we borrow less, when oil prices are low, we borrow more, and when oil prices rise again, we have to pay back our debts incurred when oil prices were low.

For instance, if there is a decline in oil prices and oil revenue, the lagging and collapsing non-oil export sector will not be able to compensate for the drop in oil revenue while domestic demand for the non-traded goods and imports remain sticky. Consequently, the country will be forced to borrow from the international financial market to compensate for the decline in oil revenue. Over time, external debts will increase and so will the debt service obligations. Even when oil prices go up later and there is another round of oil windfall, it is difficult to correct the earlier damage or distortions created by the initial or previous oil windfall. In some cases, the oil exporting country may be forced to adopt some form of structural adjustment program (SAP) to correct such distortions or imbalances. Some of these SAPs are painful and may increase the prevalence, depth and severity of poverty

The above is from an article published in 2004.

That's why I laff when I hear Buhari and co say, when he was in power, that we were borrowing for productive measures. Once you get into debt in low oil periods...as seen in 1982-2007, and 2012-2021, and high oil..as seen in 1973-82, and 2021-22, the above is what happens.

At least Obi was talking a lot about being productive. Too bad he didn't get elected.

2. Religion has nothing to do with it.

Peacecore:
1. Google is your friend
2. No one will tell you that it's because of that but as a leader, you should have your eyes and ears outside Aso rock
3. The smugglers meet them for business which they bought into because the smugglers will benefit from it.
4. Oga there are things you have to understand as an adult without
being taught as a child.

Is google your enemy? If Google is the solution, then you shouldn't find it difficult consulting google.

1. How much fuel does nigeria consume and how much is diverted to other countries that has caused scarcity?

2. How many instances of fuel scarcity in Nigeria were primarily caused by smuggling to neighboring countries?

3. If you say that "immigration agencies" allow smugglers to allow fuel products across the border, how then is fuel Subsidy now the culprit?

4. Is fuel Subsidy responsible for manning nigerias borders or "immigration agencies"?

GO0DHardDick:
Damn!

The FG should do well to also stop Nigeria from supplying Ghana and other countries electricity. Of course I don't expect the drug lord to do this because he is a fool. The werey is desperately trying to buy his way and win the heart of Nigerians but he has failed already. Obi will rearrange this country when he comes onboard. I'll urge the election tribunal to hurry up and do the needful ASAP.

I initially mistook obedience as intelligent people, its just after your electoral loss that I realised most of you are just plain dumb
Start by telling me the number of megawatts Nigeria supply Ghana...
How did nigeria supply Ghana with electricity when you don't even have enough to go around? Come on don't make it too obvious you are a fool!

Peacecore:
Okay lemme answer you; the government knows the daily consumption of fuel and subsidizes imported products based on that statistics. Now, when it's imported into the country for our use, greed make them to do divert chunks of it to the neighboring countries since they'll sell it costlier than govt's projected price. This action leads to shortage of our daily supply n thereby increase the price.
For your second question, our corrupt immigration agencies get paid by these smugglers n some are done in part of the border not manned by security agencies. Now that the fuel subsidy that been removed though poses hardship to the citizens, those corrupt security agencies won't get that bribe any longer because smuggling of fuel will the abandoned by the perpetrators, thanks.

How many "immigration agencies" do we have in Nigeria?

Can you pls name them?

olaniyilukman:
I swear, it shall not be well with this IPOB, why is it that you people have hatred towards your fellow human being like this,,, I hate you guys with passion......

bro just ignores those bunch of ungreatfull slaves 3rd class citizens...they won't smell anything presidency just leave them with their politics of HATE!!!

They are already meeting their water low.

Swanzi:
I initially mistook obedience as intelligent people, its just after your electoral loss that I realised most of you are just plain dumb
Start by telling me the number of megawatts Nigeria supply Ghana...
How did nigeria supply Ghana with electricity when you don't even have enough to go around? Come on don't make it too obvious you are a fool!

Am not aware of any arrangement between Ghana and nigeria in terms of electricity, but nigeria supplies electricity to Benin, Niger and Togo. It has nothing to do with whether there's no electricity to go round

Bloody leeches gonna starve now

helinues:
Good.

Meaning Naira would soon gain more strength than all those small African countries wey dey always shake their small yansh to us

How would that happen? Explain the economic calculations that would make that possible.

TemplarLandry:
These leeches have have put Nigeria in a chokehold for too long, sucking us dry.
God, thank you for sending us Tinubu, the man with balls of steel.

Rather it's the shame of the country Nigeria that spend billions paying customs, immigration and security people and still their boarders are left for their wealth to be fritted away by few criminals in power.
So the poor citizens are punished for the incompetence of their rulers they pay so much but don't do anything for the interest of the people.

them shouldn't have to worry anymore dangote will soon supply fuel for them . it's time to fight for our right and stop fuel sellers from selling above government price and transporters from charging above fixed price to balance ⚖️ the equation. it's not right to allowed or waited for government to do everything for you . it's your right as a Nigerian to say something about wrong deed anytime, anywhere.

lexy2014:
How many "immigration agencies" do we have in Nigeria?

Can you pls name them?

Oga that's not our discussion so, don't ask me please.

lexy2014:
Is google your enemy? If Google is the solution, then you shouldn't find it difficult consulting google.

1. How much fuel does nigeria consume and how much is diverted to other countries that has caused scarcity?

2. How many instances of fuel scarcity in Nigeria were primarily caused by smuggling to neighboring countries?

3. If you say that "immigration agencies" allow smugglers to allow fuel products across the border, how then is fuel Subsidy now the culprit?

4. Is fuel Subsidy responsible for manning nigerias borders or "immigration agencies"?

Answer them yourself abeg

Peacecore:
Oga that's not our discussion so, don't ask me please.

If it isn't "our discussion", why did you bring it into "our discussion"?

ivandragon:
Sentiments devoid of logic. I often class your ilk amongst the 'four legs good, two legs bad' group. Persons who regurgitate what they are spoon-fed.

Someone had asked you to state what percentage of fuel was smuggled that the government was so quick to blame smuggled fuel as part of the reasons for scarcity & subsidy increases.

Do you even understand demand & supply in economics?

If a marketer makes N100pl profit on unsubsidized fuel in Nigeria, what do you think will happen when such marketer can make twice that if the product is taken out of Nigeria? Fuel in those countries have always been more expensive than in Nigeria. Why must Nigerians now be made to suffer the consequences?

Has the US now decided to allow illicit drugs to be sold freely because it has border control issues? Doesn't it still try to curtail illicit trafficking rather than passing the burden directly to its citizens?


Well, some of you have your reasons for justifying the ineptitude & fraud of government, so enjoy your delusion.

Your reasoning is below average, sorry I don't mean insult. As of May, 06, official fuel price in Benin was 650.00CFA(legally imported ones) while black markets(those ones from smugglers) sell at 450.00CFA. This made locals to patronize them better than the feeling stations. After fuel removal, as of 12th June, it rose to as high as 800.00CFA while the official pump price stood at between 650_700CFA.
1. Now, tell me, as it stands now, which will you go for if you're in Benin?
2. Ask yourself, what made smuggled fuel cheaper than the official ones when there was subsidy and then skyrocketed to almost twice when it's removed in Nigeria? You and I know that anything black market is always costlier than the official ones but the reverse is the case here. This is to show the level of parasitism going on to our own detriment. Try to do research before coming online to disgrace yourself claiming Economist

lexy2014:
If it isn't "our discussion", why did you bring it into "our discussion"?

How does number of immigration agencies a yardstick to smuggling where even the most powerful country, US which spent more than our whole budget on security alone still have issue of smuggling of drugs and migration across their land border especially through Mexico. You people should start thinking and stop asking everything, it doesn't make sense at al

Peacecore:
How does number of immigration agencies a yardstick to smuggling where even the most powerful country, US which spent more than our whole budget on security alone still have issue of smuggling of drugs and migration across their land border especially through Mexico. You people should start thinking and stop asking everything, it doesn't make sense at al

Since you are thinking, then u shouldn't have any problems answering the questions.

How many "immigration agencies" do we have in Nigeria?

Can you pls name them?

If it isn't "our discussion", why did you bring it into "our discussion"?

Peacecore:
Answer them yourself abeg

Are the questions too difficult for you to answer?

1. How much fuel does nigeria consume and how much is diverted to other countries that has caused scarcity?

2. How many instances of fuel scarcity in Nigeria were primarily caused by smuggling to neighboring countries?

3. If you say that "immigration agencies" allow smugglers to allow fuel products across the border, how then is fuel Subsidy now the culprit?

4. Is fuel Subsidy responsible for manning nigerias borders or "immigration agencies"?

Peacecore:
Your reasoning is below average, sorry I don't mean insult. As of May, 06, official fuel price in Benin was 650.00CFA(legally imported ones) while black markets(those ones from smugglers) sell at 450.00CFA. This made locals to patronize them better than the feeling stations. After fuel removal, as of 12th June, it rose to as high as 800.00CFA while the official pump price stood at between 650_700CFA.
1. Now, tell me, as it stands now, which will you go for if you're in Benin?
2. Ask yourself, what made smuggled fuel cheaper than the official ones when there was subsidy and then skyrocketed to almost twice when it's removed in Nigeria? You and I know that anything black market is always costlier than the official ones but the reverse is the case here. This is to show the level of parasitism going on to our own detriment. Try to do research before coming online to disgrace yourself claiming Economist

Lol. You have been throwing insults from your first comment to me, why stop now.

I know you are a blockhead & skilled at skewing issues.

First, my initial comment was about how government uses its failure to justify increase in fuel prices.

https://punchng.com/fg-blames-smugglers-for-fuel-scarcity/

The point is, the FG shifted the financial problem to Nigerians rather than doing its sworn duty of defending its territory from external sabotage. You have conveniently excused the government on that responsibility.

Secondly, I clearly stated that in time, 'normal service' will resume. This is not the first time government has used the excuse of cross border smuggling to justify imposing hardship on Nigerians. So what makes you think it will be different?

https://saharareporters.com/2018/04/18/falana-seeks-explanation-fuel-subsidy-increase-n261-billion-n14-trillion

You people argue prices will come down due to competition, so what happens when the so called expected competition kicks in? The smuggling resumes. In other words, government is purposefully making Nigerians pay higher than needed to discourage smuggling...

I know somewhere in your elementary economic mind, you will justify government's insensitivity & ineptitude.

ivandragon:
Lol. You have been throwing insults from your first comment to me, why stop now.

I know you are a blockhead & skilled at skewing issues.

First, my initial comment was about how government uses its failure to justify increase in fuel prices.

https://punchng.com/fg-blames-smugglers-for-fuel-scarcity/

The point is, the FG shifted the financial problem to Nigerians rather than doing its sworn duty of defending its territory from external sabotage. You have conveniently excused the government on that responsibility.

Secondly, I clearly stated that in time, 'normal service' will resume. This is not the first time government has used the excuse of cross border smuggling to justify imposing hardship on Nigerians. So what makes you think it will be different?

https://saharareporters.com/2018/04/18/falana-seeks-explanation-fuel-subsidy-increase-n261-billion-n14-trillion

You people argue prices will come down due to competition, so what happens when the so called expected competition kicks in? The smuggling resumes. In other words, government is purposefully making Nigerians pay higher than needed to discourage smuggling...

I know somewhere in your elementary economic mind, you will justify government's insensitivity & ineptitude.

If you check my comment, you'll found out that I SD tay edit that the policy will pose hardship on the citizens but it has to be embarked on. What govt needs to do is to provide succor to the citizens.

Peacecore:
If you check my comment, you'll found out that I SD tay edit that the policy will pose hardship on the citizens but it has to be embarked on. What govt needs to do is to provide succor to the citizens.

Embarking on it is not the issue.

It is identifying the real issues & resolving. What has happened is that the FG has put the cart before the horse.