₦airaland Forum

Shaytun:
Maybe, maybe not.

Depend on how far the speculators want to play.

Segedinho:
What then will be d benefit once it hit 1k..

How is it a positive in d 100 days in office

liveLongNprospa:
You are not sounding very very sure again.

Common this is not a positive reply from you.
You need to be firm🤲

Shaytun:
Stop wasting scarce resources defending something that should not be defended at this time.

Those resources are better utilized in other areas.

Nigerians spent close to $2B last year on foreign education, the federal government subsidised half of that payment.

To put that into perspective for you, the Government spent more money on subsidising schools fees for those furthering their education in UK, Canada and USA. Than the whole total education budget for the country.

If that is not madness I don’t know what it is.

Segedinho:
Where has it been used ?

Shaytun:
Firm that what?

Does living a fake life on borrowed money sound like positivity to you?

A bad economic policies was stopped and I’m happy for it.

All sensible economists, both global and domestic agree with me.

Shaytun:
Where has it been used?

Shaytun:
Where has what been used?

Segedinho:
How is it a bad policy when it helps to reduce the hardship d citizens faces?.

Segedinho:
You said d money dat was supposed to subsidised the rate should be utilised for sumtin else..



It has been about 70 days.....where has d subsidy money been used for

Shaytun:
What hardship?

List the hardship Nigerians face and see where fx issues rank.

List it.

Shaytun:
Increase FAAC Allocation.

And setting up of an Infrastructure fund.

Budget for next year should be completed around December, that’s when we will know the project the government will embark upon .

Segedinho:
Howcm does FAAC increased when a 1m dollar vs naira last year is worth roughly as 500k dollar vs naira this year...


1m dols last year =400m naira

1 dollar ds year=900m naira

Segedinho:
🤣

DeadPresidents:
If i read these epistles, make i bend

obainojazz:
Well if the Chinese had not withdrawn from the rail project, it will be nearing completion by now.

I won’t fault senators for raising alarm…. That’s their job anyways but the alarm raised is why the project didn’t go on.


https://www.youtube.com/watch?v=BUAZwsZMFXU

Shaytun:
As I speculated the Tuareg and the Niger President Ethnic people are not going to allow the coup.

Rhissa Boula is leading a Tuareg force to resist the coupist, Which will lead to Civil war.

And we all know what a civil war in Niger will cause in Nigeria, The best approach for Nigeria is still to intervene and restore Bozoumto avert the impending crisis.

Segedinho:
These are events that has played so far ...

Resident doc on strike

Dollar rose to 900

Inflation rate is exceptionally high

School fees quadrupled even without tuition fees.

Unity school fees almost tripled

Siemens project extended to 2030

NLC protested

GSK exits the country

No palliatives whatsoever after subsidy removal

Nothing done on minimum wage.

Failed threat to Niger.

Hunger everywhere

Etc etc etc....



Still,100 days isn't reached yet

OasisX:
.....with the removal of subsidy on fuel and fx, that shouldn't be hard to fund by FG in the next 2yrs.

The Project is a must, we need it to become reality in the southern part as soon as possible. It will even save our road from short lifespan, coz I trust our people to making use of rail cargoes instead of road.

Shaytun:
Stop wasting scarce resources defending something that should not be defended at this time.

Those resources are better utilized in other areas.

Nigerians spent close to $2B last year on foreign education, the federal government subsidised half of that payment.

To put that into perspective for you, the Government spent more money on subsidising schools fees for those furthering their education in UK, Canada and USA. Than the whole total education budget for the country.

If that is not madness I don’t know what it is.

kad199:
Next time think before u come and vomit rubbish. Not everyone is foolish like most Batista.

OasisX:
President Tinubu today inaugurated the Presidential Committee on Fiscal Policy and Tax Reforms, chaired by Taiwo Oyedele.

The Committee has a one-year mandate, divided into three main areas:
—Fiscal governance
—Tax reforms
—Growth facilitation.

larride:
The Lagos to Calabar railine is an expensive project. It's to cost $11.12bn and constructed by CCECC. Exim Bank of China was supposed to fund the project.

This was when the project was signed in 2016.

https://www.google.com/amp/s/www.vanguardngr.com/2016/07/fg-ccecc-sign-mou-11-12bn-lagos-calabar-railway-project/amp/

In September 2017 after series of outrage about Chinese loans and the likes, Exim bank then refused to fund the project which means the govt have to look for another partner for the project.

4yrs after in 2021, the FG approved the project again to CCECC and the search for investor to invest in the railline began again.

https://www.thecable.ng/fec-approves-11bn-for-lagos-calabar-coastal-rail-project/amp

In Oct 2022, The minister for transportation announced they have reached an advanced agreement with Standard Chartered Group to finance 85% of the project while the govt finance the remaining 15%.

If Exim bank of China had not withdrawn from the project, the project will surely have been completed. In that time space, the Lagos - Ibadan rail was constructed, the Itapke to Warri line was completed, the Ibadan to Kano line construction has started also while the PH to Maiduguri line reconstruction started also.

Segedinho:
These are events that has played so far ...

Resident doc on strike

Dollar rose to 900

Inflation rate is exceptionally high

School fees quadrupled even without tuition fees.

Unity school fees almost tripled

Siemens project extended to 2030

NLC protested

GSK exits the country

No palliatives whatsoever after subsidy removal

Nothing done on minimum wage.

Failed threat to Niger.

Hunger everywhere

Etc etc etc....



Still,100 days isn't reached yet

Shaytun:
What hardship?

List the hardship Nigerians face and see where fx issues rank.

List it.