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Tinubu Has Lost Control Of The Economy Very Early - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Tinubu Has Lost Control Of The Economy Very Early (4358 Views)

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Re: Tinubu Has Lost Control Of The Economy Very Early by TheBillyonaire: 12:51pm On Jul 22, 2023
isArray:
Do you agree that more people will excel if the government provides the infrastructure and make more policies that favour the people? Why do you think Nigerians travel out and do better? I understand where you're coming from, no matter how hard you hustle in Nigeria you're still not safe because healthcare is not standard, you don't have good roads, you can get robbed in traffic e.t.c

Farning cocumber alone at the cost of 500 each can make you 50m per season. You have excuses, I have ideas. If you need my ideas on how you can make money from thin air, be prepared to quit all religions.
Re: Tinubu Has Lost Control Of The Economy Very Early by raskymonojendor: 1:13pm On Jul 22, 2023
TheBillyonaire:


I am not the cause of your problem. Tinubu is not the cause of your problems, and Peter Obi does not have a quick fix. All policy trajection of Tinubu Admin is exactly the policies that Obi campaigned on, and I supported him and still support today, but that does not mean I must continue to hate Tinubu.

I chose not to hate my Presidents, but can criticize. But so far, I have not seen anything he has done that is against the model that any economy should be built on.

You mor0ns were not prepared for life, and therefore, might as well proceed to your corner of paradise with your best foreign Gods of choice.
If all Obidients can play politics of opposition like you or Reno, there would be less hatred in the country.

I told someone on here yesterday that all the major candidates said subsidy would be removed, therefore temporary pain is guaranteed, but atleast the nation is on the right track.

Of course I got insulted. The insulter even said he was sure I was struggling to buy Garri. To them, anyone that speaks in favour of Tinubu's policy is poor while they are rich. grin

3 Likes

Re: Tinubu Has Lost Control Of The Economy Very Early by gare(f): 1:18pm On Jul 22, 2023
TheBillyonaire:


You are talking nonsense. Tinubu simply stopped the corrupt subsidies and exposed the true state of your Ethno-Religious Political Economy. No one guarantees a lazy man food.

If you find yourself being poorer then you were not prepared for life. Cost of living will continue rising and the infrastructures will improve, and those who can not survive will finally have opportunity to go to Paradise you love so much. I will advise that you get a skill or money making system.

It takes at least 12 years to effect systemic change for fully focused systems. In the case of Nigeria, you need magic not miracle.

this was the same statement you made for Buhari, are you never tired of ass licking?

2 Likes

Re: Tinubu Has Lost Control Of The Economy Very Early by raskymonojendor: 1:19pm On Jul 22, 2023
isArray:
Do you agree that more people will excel if the government provides the infrastructure and make more policies that favour the people? Why do you think Nigerians travel out and do better? I understand where you're coming from, no matter how hard you hustle in Nigeria you're still not safe because healthcare is not standard, you don't have good roads, you can get robbed in traffic e.t.c
Thanks for listing reasons why subsidy had to go grin

2 Likes

Re: Tinubu Has Lost Control Of The Economy Very Early by Originalsly: 1:49pm On Jul 22, 2023
Only shallow people attack the messenger when they can't counter the message. I am not a Tinubu fan ... loyal to no Party. Fuel subsidy is a big drain on the economy... how long can the FG support fuel subsidy by borrowing?... or using up money that can be used for infrastructure? We would not be this indebted for and in such a financial crisis if any of the previous Presidents had the balls to cut fuel subsidy. From what I observed.... no doubt Obi had this in his plans... but he doesn't have the balls nor the backings to confront the cabal. Tinubu has both ... and the cabals know this ... they do not want to clash with Tinubu. We are now facing the real world ... it is for us to now come to grip with reality and figure out ways to adapt and move forward. Charity is no more .... we're dashed lemons .... what we do with the lemons is our choice .

1 Like

Re: Tinubu Has Lost Control Of The Economy Very Early by SenatePresdo(m): 4:01pm On Jul 22, 2023
Ikaeniyan0:
Its too early to come to this conclusion.

Also, is it not too Early to suffer Nigerians like this?

1 Like

Re: Tinubu Has Lost Control Of The Economy Very Early by Kukutente23: 4:18pm On Jul 22, 2023
SocialJustice:
These things had to be done at some point and Tinubu is the leader that effected it.

Government can not continue defending the naira with virtually all our dollar income and subsidising petrol for most of west Africa.

In case you didn't notice, N1trn was saved at the last FAAC and N907bn shared.

Hold your governor and council chairman responsible for palliatives put in place. Wise governors are already rolling out cheap public transit.

Tinubu also created a massive eV transport market that nobody is seeing because everyone is busy complaining.

Wise entrepreneurs will focus on meeting the tremendous market gap and cash out in billions of dollars while the rest of you complain.

If you don't know what true free market and capitalism is, Nigeria is finally getting there.
No 1trn was saved. That was APC media propaganda but you're quick to swallow it because you want to defend failure

1 Like

Re: Tinubu Has Lost Control Of The Economy Very Early by Kukutente23: 4:25pm On Jul 22, 2023
TheBillyonaire:


Farning cocumber alone at the cost of 500 each can make you 50m per season. You have excuses, I have ideas. If you need my ideas on how you can make money from thin air, be prepared to quit all religions.
Where's your cucumber farm? Nairaland billionaire

2 Likes

Re: Tinubu Has Lost Control Of The Economy Very Early by bender79: 4:27pm On Jul 22, 2023
TheBillyonaire:


You are talking nonsense. Tinubu simply stopped the corrupt subsidies and exposed the true state of your Ethno-Religious Political Economy. No one guarantees a lazy man food.

If you find yourself being poorer then you were not prepared for life. Cost of living will continue rising and the infrastructures will improve, and those who can not survive will finally have opportunity to go to Paradise you love so much. I will advise that you get a skill or money making system.

It takes at least 12 years to effect systemic change for fully focused systems. In the case of Nigeria, you need magic not miracle.
ok what a worthy excuse for a man once called a strategist. Ronu I hail you

1 Like

Re: Tinubu Has Lost Control Of The Economy Very Early by Kukutente23: 4:27pm On Jul 22, 2023
raskymonojendor:

If all Obidients can play politics of opposition like you or Reno, there would be less hatred in the country.

I told someone on here yesterday that all the major candidates said subsidy would be removed, therefore temporary pain is guaranteed, but atleast the nation is on the right track.

Of course I got insulted. The insulter even said he was sure I was struggling to buy Garri. To them, anyone that speaks in favour of Tinubu's policy is poor while they are rich. grin
But you know you're lying. Obi detailed how he would remove subsidy unlike Tinubu. Even Atiku detailed how he will remove subsidy. So it's false logic to claim they will do the same thing Tinubu is doing when they clearly said otherwise.
So the guy is right to insult you

1 Like

Re: Tinubu Has Lost Control Of The Economy Very Early by Kukutente23: 4:34pm On Jul 22, 2023
Originalsly:
Only shallow people attack the messenger when they can't counter the message. I am not a Tinubu fan ... loyal to no Party. Fuel subsidy is a big drain on the economy... how long can the FG support fuel subsidy by borrowing?... or using up money that can be used for infrastructure? We would not be this indebted for and in such a financial crisis if any of the previous Presidents had the balls to cut fuel subsidy. From what I observed.... no doubt Obi had this in his plans... but he doesn't have the balls nor the backings to confront the cabal. Tinubu has both ... and the cabals know this ... they do not want to clash with Tinubu. We are now facing the real world ... it is for us to now come to grip with reality and figure out ways to adapt and move forward. Charity is no more .... we're dashed lemons .... what we do with the lemons is our choice .
When Jonathan removed the same subsidy after increase minimum wage by a double figure, it was same Tinubu who instigated protests against him. What Tinubu is enjoying is mass burn-out from years of govt propaganda on subsidy as well as the fact that Nigeria is bitterly divided to agree on anything.
The removal is not good for the economy. No two ways about it. Anyone telling you of some apple down the line is just deceiving you. They've said Dangote refinery will not bring down price of fuel so what exactly is the light at the end of the tunnel of subsidy removal. Can you itemise them for me?

1 Like

Re: Tinubu Has Lost Control Of The Economy Very Early by SalamRushdie: 4:36pm On Jul 22, 2023
raskymonojendor:

If all Obidients can play politics of opposition like you or Reno, there would be less hatred in the country.

I told someone on here yesterday that all the major candidates said subsidy would be removed, therefore temporary pain is guaranteed, but atleast the nation is on the right track.

Of course I got insulted. The insulter even said he was sure I was struggling to buy Garri. To them, anyone that speaks in favour of Tinubu's policy is poor while they are rich. grin

This is the same temporary pain you claimed for Buhari πŸ˜„πŸ˜„.. nothing temporary about this , nothing has been put in place to fix the economy, Tinubu is only looking for money to keep his political class happy
Re: Tinubu Has Lost Control Of The Economy Very Early by SalamRushdie: 4:37pm On Jul 22, 2023
Originalsly:
Only shallow people attack the messenger when they can't counter the message. I am not a Tinubu fan ... loyal to no Party. Fuel subsidy is a big drain on the economy... how long can the FG support fuel subsidy by borrowing?... or using up money that can be used for infrastructure? We would not be this indebted for and in such a financial crisis if any of the previous Presidents had the balls to cut fuel subsidy. From what I observed.... no doubt Obi had this in his plans... but he doesn't have the balls nor the backings to confront the cabal. Tinubu has both ... and the cabals know this ... they do not want to clash with Tinubu. We are now facing the real world ... it is for us to now come to grip with reality and figure out ways to adapt and move forward. Charity is no more .... we're dashed lemons .... what we do with the lemons is our choice .

You really believe there was a fuel Subsidy cabal out side the former president and his cronies ? πŸ˜πŸ˜„πŸ˜„
Re: Tinubu Has Lost Control Of The Economy Very Early by TheBillyonaire: 5:29pm On Jul 22, 2023
Kukutente23:

Where's your cucumber farm? Nairaland billionaire
I have a cocumber farm and it was an experiment. The output is encouring enough so I have acquired hectars around a swamp and will target 100m next planting season.

1 Like

Re: Tinubu Has Lost Control Of The Economy Very Early by Kukutente23: 5:55pm On Jul 22, 2023
TheBillyonaire:
I have a cocumber farm and it was an experiment. The output is encouring enough so I have acquired hectars around a swamp and will target 100m next planting season.
So you have not even planted anything but you're giving people ideas online about audio millions.
How many seedlings have you acquired to help you reach that target? Also are you farming or all by yourself or you are getting farm hands?
Re: Tinubu Has Lost Control Of The Economy Very Early by Iziquiel(m): 6:34pm On Jul 22, 2023
[quote author=AsomughaChuks05 post=124583063]Let Tinubu be there instead of bigoted Obi. Things will get better in time and credit will be given to Tinubu for the improvements to come. It must be noted too that he was wise to start these policies in time well ahead of the 2027 elections.[quote]

You're wise.
Re: Tinubu Has Lost Control Of The Economy Very Early by Iziquiel(m): 6:46pm On Jul 22, 2023
Kukutente23:

No 1trn was saved. That was APC media propaganda but you're quick to swallow it because you want to defend failure

It was APC's media propaganda yet Governors from opposition parties attested to it that such money exists and they also all agreed that 1trn be saved??

I just tire for the way some of una dey think.

It's ok to be in the opposition and also critique the govt , in fact, it's your right but do so with your senses.

Haba!!
Re: Tinubu Has Lost Control Of The Economy Very Early by Iziquiel(m): 6:52pm On Jul 22, 2023
Kukutente23:

So you have not even planted anything but you're giving people ideas online about audio millions.
How many seedlings have you acquired to help you reach that target? Also are you farming or all by yourself or you are getting farm hands?

He said and I quote "I have a cucumber farm. It was an experiment but THE OUTCOME IS ENCOURAGING". What does that statement tell you?

Make una try dey read to understand. The painful thing be say some of una go school.
Re: Tinubu Has Lost Control Of The Economy Very Early by Kukutente23: 7:04pm On Jul 22, 2023
Iziquiel:


It was APC's media propaganda yet Governors from opposition parties attested to it that such money exists and they also all agreed that 1trn be saved??

I just tire for the way some of una dey think.

It's ok to be in the opposition and also critique the govt , in fact, it's your right but do so with your senses.

Haba!!
What are the names of the govs from the opposition party who attested? Kindly give me their names.
The first story that 1.95trn was to be shared was from The Cable. They quoted "sources" throughout and no other major news outlet published that story.

The next story about saving was from The Whistler and that one also quoted sources.

When FAAC held, the AGF who is the only official with power to declare revenues declared only 1.15trn and never mentioned anything about saving. Funny enough, for the first time in a long while, Seun and his mods refused to push FAAC allocation story to fp.

Here's the link. https://www.nairaland.com/7772728/fg-states-lgas-share-n907.054bn#124570100.

Read it. You can see the source is channelstv.
Re: Tinubu Has Lost Control Of The Economy Very Early by Kukutente23: 7:06pm On Jul 22, 2023
Iziquiel:


He said and I quote "I have a cucumber farm. It was an experiment but THE OUTCOME IS ENCOURAGING". What does that statement tell you?

Make una try dey read to understand. The painful thing be say some of una go school.
But he's lying. Anyone with half a brain can see that. It's only an unserious fellow that'll brag and go about insulting others based on an experiment
Re: Tinubu Has Lost Control Of The Economy Very Early by ivolt: 7:19pm On Jul 22, 2023
SocialJustice:
These things had to be done at some point and Tinubu is the leader that effected it.

Government can not continue defending the naira with virtually all our dollar income and subsidising petrol for most of west Africa.

In case you didn't notice, N1trn was saved at the last FAAC and N907bn shared.
1trn wasn't saved. Naira was devalued and excess money printed.
That's headline for those who don't monetary policy and inflation.


Hold your governor and council chairman responsible for palliatives put in place. Wise governors are already rolling out cheap public transit.
This nonsense phrase you and your ilk keep repeating is getting tiring.
Almost all state governments are owing 1 salary or the other.
Their is a reason for that and I hope you can figure it out.
There is no such thing as cheap public transit.
Not in Nigeria, not in any country in the world. Someone is definitely paying the full cost.
How dubious of you to support removal of fuel subsidy while encouraging transport subsidy?


Tinubu also created a massive eV transport market that nobody is seeing because everyone is busy complaining.
He didn't create anything!


Wise entrepreneurs will focus on meeting the tremendous market gap and cash out in billions of dollars while the rest of you complain.
Do you even understand what you are typing?
The US with more than 300 million has mere 750 billionaires.
Does it make sense to you to judge public welfare and general economy by
the presence of your imaginary billionaires?


If you don't know what true free market and capitalism is, Nigeria is finally getting there.
You have no idea what true free market capitalism is.
Hints, no country operates free market capitalism, government
always interfere one way or the other for public good.

2 Likes

Re: Tinubu Has Lost Control Of The Economy Very Early by Originalsly: 7:22pm On Jul 22, 2023
Kukutente23:


When Jonathan removed the same subsidy after increase minimum wage by a double figure, it was same Tinubu who instigated protests against him. What Tinubu is enjoying is mass burn-out from years of govt propaganda on subsidy as well as the fact that Nigeria is bitterly divided to agree on anything.
The removal is not good for the economy. No two ways about it. Anyone telling you of some apple down the line is just deceiving you. They've said Dangote refinery will not bring down price of fuel so what exactly is the light at the end of the tunnel of subsidy removal. Can you itemise them for me?


Whether Tinubu supported or opposed it in the past is not what we're dealing with presently. I said fuel subsidy removal is good for the economy and gave reasons. You said it is not .... but haven't supported your claim. Thi is a discussion forum .... you should be able defend your position. I'm waiting.
Re: Tinubu Has Lost Control Of The Economy Very Early by APCNig: 7:28pm On Jul 22, 2023
SalamRushdie:
In his rush to dish out poorly thought out hard policies President Tinubu seems to have lost control of the economy, with the Naira hitting 1 thousand some time next week I dont see how he can salvage the economy..His first 50 days is 50 times worse than Buharis first 50 days

Are you a qualified Micro or Macro Economist? If you are not, then shut the Bleep up lazy youth
Re: Tinubu Has Lost Control Of The Economy Very Early by APCNig: 7:29pm On Jul 22, 2023
RuggedBiafran:
He Never had a blue print. It was just insults and vile Propaganda.

RONU idiotic mizcreants are feeling the heat already. Seriously,na Renewed Shege Dem go see
. grin

Let’s see your own Green Print. You will cry for long
Re: Tinubu Has Lost Control Of The Economy Very Early by Kukutente23: 7:49pm On Jul 22, 2023
Originalsly:


Whether Tinubu supported or opposed it in the past is not what we're dealing with presently. I said fuel subsidy removal is good for the economy and gave reasons. You said it is not .... but haven't supported your claim. Thi is a discussion forum .... you should be able defend your position. I'm waiting.

But what we're dealing with exactly is our inability to remove subsidy in the past. That's exactly what we're dealing with now. Besides, you claim past Presidents did not have the balls to cut subsidy and I called your attention to that as a lie.

In 2012, govt moved fuel price from 75 to 145. That's less than 200% increase. The min wage then was 18000 at exchange rate of 165 which gives $109. That min wage could buy 124litres of fuel then.

In 2023, govt moved fuel price from 189 to 617. That's over 300% increase. Min wage now is 30,000 with exchange rate of 802 which gives $37. The min wage now can only buy 48litres.

So if removing subsidy was a bad idea then according to Tinubu, can you show what justifies its removal now? Because what the calculations show is that Nigerians need subsidy thrice now than they needed it in 2012.
So can you show in cogent terms why removing fuel subsidy is good for the economy now that people are earning less with a weaker currency than when people were earning more with a stronger currency?
Re: Tinubu Has Lost Control Of The Economy Very Early by Kukutente23: 7:59pm On Jul 22, 2023
ivolt:

1trn wasn't saved. Naira was devalued and excess money printed.
That's headline for those who don't monetary policy and inflation.


This nonsense phrase you and your ilk keep repeating is getting tiring.
Almost all state governments are owing 1 salary or the other.
Their is a reason for that and I hope you can figure it out.
There is no such thing as cheap public transit.
Not in Nigeria, not in any country in the world. Someone is definitely paying the full cost.
How dubious of you to support removal of fuel subsidy while encouraging transport subsidy?


He didn't create anything!


Do you even understand what you are typing?
The US with more than 300 million has mere 750 billionaires.
Does it make sense to you to judge public welfare and general economy by
the presence of your imaginary billionaires?


You have no idea what true free market capitalism is.
Hints, no country operates free market capitalism, government
always interfere one way or the other for public good.
Pls pls and pls. We need to educate Nigerians. There was no 1.95trn revenue. It was just cheap propaganda planted by APC through the cable. No other media house took the story.
The AGF only declared 1.15 trillion as gross revenue not any 1.95trn.

https://www.nairaland.com/7772728/fg-states-lgas-share-n907.054bn#124570100.
Re: Tinubu Has Lost Control Of The Economy Very Early by sunray(m): 8:01pm On Jul 22, 2023
SenatePresdo:


Also, is it not too Early to suffer Nigerians like this?

There can't be gains without pains.
Re: Tinubu Has Lost Control Of The Economy Very Early by MTNnews: 8:18pm On Jul 22, 2023
Tinubu is not the Pandora criminal with ipob n Obidaftis that Nigeria were begging for a manifesto. Tinubu came with his manifesto without being asked that is what he will be held accountable to.

RuggedBiafran:
He Never had a blue print. It was just insults and vile Propaganda.

RONU idiotic mizcreants are feeling the heat already. Seriously,na Renewed Shege Dem go see
. grin
Re: Tinubu Has Lost Control Of The Economy Very Early by MrSinister(m): 8:41pm On Jul 22, 2023
4TFK:
Did anybody prevent GEJ from using his political will to actualise the removal? When they say leadership, Tinubu has shown he's courageous.
Those who are benefitting from the rotten money policies of previous administration are those pessimistic about Tinubu's policy

We all saw the mass protests during GEJ era. There is no need to revise history because of political affiliation. It is better not to speak when you have nothing good to say.
Re: Tinubu Has Lost Control Of The Economy Very Early by Originalsly: 8:42pm On Jul 22, 2023
Kukutente23:

But what we're dealing with exactly is our inability to remove subsidy in the past. That's exactly what we're dealing with now. Besides, you claim past Presidents did not have the balls to cut subsidy and I called your attention to that as a lie.

In 2012, govt moved fuel price from 75 to 145. That's less than 200% increase. The min wage then was 18000 at exchange rate of 165 which gives $109. That min wage could buy 124litres of fuel then.

In 2023, govt moved fuel price from 189 to 617. That's over 300% increase. Min wage now is 30,000 with exchange rate of 802 which gives $37. The min wage now can only buy 48litres.

So if removing subsidy was a bad idea then according to Tinubu, can you show what justifies its removal now? Because what the calculations show is that Nigerians need subsidy thrice now than they needed it in 2012.
So can you show in cogent terms why removing fuel subsidy is good for the economy now that people are earning less with a weaker currency than when people were earning more with a stronger currency?


In 2012 ... did the FG get rid of the subsidy? Price increase is not the same as subsidy removal. Tinubu has removed the subsidy. What he said back then doesn't matter now. Are you suggesting he should stick to what he said 10 years ago? I have no clue what you claim he said back then or why he said what he said. What I know is the circumstances are not the same.
Am I to understand you are claiming removing fuel subsidy is a bad idea because of the price increase to customers?
The strength of the economy depends on several factors. Our main one is oil exports.... we depend heavily on that. Our refineries are pretty much down ... our exports are down... foreign exchange income is less.... instead of producing our own petroleum products we are importing. To maintain an affordable price at the pump.... subsidy is in place. To pay for the subsidy.... money that could've been used for education ... infrastructure development and maintenance ... health services.... etc. Is now diverted to paying for subsidy. When there is no more available we turned to borrowing How on earth can this be good for the economy?
Re: Tinubu Has Lost Control Of The Economy Very Early by Treadway: 8:51pm On Jul 22, 2023
TheBillyonaire:


I am not the cause of your problem. Tinubu is not the cause of your problems, and Peter Obi does not have a quick fix. All policy trajection of Tinubu Admin is exactly the policies that Obi campaigned on, and I supported him and still support today, but that does not mean I must continue to hate Tinubu.

I chose not to hate my Presidents, but can criticize. But so far, I have not seen anything he has done that is against the model that any economy should be built on.

You mor0ns were not prepared for life, and therefore, might as well proceed to your corner of paradise with your best foreign Gods of choice.
this is how you identify a bandit with an agenda. There were over 20 presidential candidates, but this fellow could only talk about OBI. This is indefatigable proof that indeed the bandit and all the others like him on here know damn well that Obi has something good to offer. Look around, they don't ever mention Atiku, they don't mention Sowore, they don't mention Kwaks. East to West, and North to South on Nairaland island, OBI is the name they always mention. Truly, people will certainly only throw stones at a fruitful tree. Smh
Re: Tinubu Has Lost Control Of The Economy Very Early by joyandfaith: 8:53pm On Jul 22, 2023
Ikaeniyan0:
Its too early to come to this conclusion.
Too early because it would get worse.

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