₦airaland Forum

emorse:
Finally bro, finally. Na wetin we dey argue that time be this o. Remember when I said subsidy was never our problem? Rather, it is corruption and the cluelessness of our leaders that is killing us. I remember you got so irritated and accused me of wanting "cheap" fuel But bro, even the biggest economies in the world (USA, China etc) still subsidise sectors of their economies.

Subsidy is still part of our problems. The fact is, we can't afford it because we do not run the type of economy China and co and USA run, an economy that is dependent on manufactured goods and services, and also has a high tax to gdp ratio...which can (Listen here), yield the kind of income that can pay enough subsidies.
(US does not pay subsides like we do. They pay subsides to the producer, not force down prices, and pay subsides that do not adequately cover the losses.).

Corruption is also part of our problem. Infact , subsides are one of the fuel for corruption.

It's because you misunderstand me, and think that I blame all the problems on subsidy that you came to the above conclusion.(That's why I don't like talking much on nairaland these days. Most of you guys are here to campaign for your side, not to have serious discussions).

Now the little production that was going on in this country is dying a slow death. I know this because I'm right in the middle of it. I've had to lay the few workers I had off because sales no dey and as a result, money to pay them no dey.

Encourage local production by keeping cost of production(power, transportation, machinery, etc) as low as possible. That's all o. They say Nigerians don't like to buy made in Nigeria but I assure you, if production cost drops, product quality will rise and people will naturally drift towards made in Nigeria products. I mean, I can't force or persuade you to buy a bad, made in Nigeria product can I? It's well jare.

It sounds good enough in theory, but in practice...we can't afford to do that because

1.Our tax to gdp is too low

2.We don't want to do the initial sacrifice and hardship that all industrial countries go through before they end up becoming industrial. We instead share the money. That is what governments past, and present have done, and when we run out , we take loans

3.We don't want to fight corruption

4. producing things is expensive. We don't want to pay the expense.

All in all, we don't have a serious government that is ready to do all that. Because, money has to be shared.

emorse:
Omo, cost of production and poor sales are killing local producers o. Many of us are hanging by a thread. I even read in the news how some "big" companies have folded up. You don't think they started production with the intention to stop abruptly at a time like this do you?

the dangerous part is,as soon as this foreighn people have achieved monopoly in nigeria,they can then dictate the price for you....

you guys dont understand how dangerous economic warfare is....

Zooposki:

https://www.youtube.com/watch?v=GQRryNzHOks?si=bVYUAV3BSTpfGUTy

Thank you.

dfrost:
It's a collective responsibility. Ideology and body language matters, yes albeit you still need advisors.

Absolutely.

tsdarkside:
if i hear....

which kind lie is that....??
show us the stats....

Hmmm

https://nigerianstat.gov.ng/elibrary/read/1241376

Kukutenla:
Hmmm

https://nigerianstat.gov.ng/elibrary/read/1241376

okay....

TheKing4040:
Death and sorrow to all APC supporters who supported buhari and also brought tinubu upon us. A once great country where enjoyment was the order of the day is now a shadow of itself with depression and suffering on the faces of the masses while the rulers and their families loot and dine in surplus.

God bless you.

tsdarkside:
this is the main issue....they get dollars from cbn,but they dont give back dollars to cbn....

they give it to black market people instead....

This is a lie and you all know it. Foreign remittance comes in through the financial system so I don't know what you mean by they don't give back to the banks
Have you never received money from abroad? How did you do it without passing through the formal financial system

tsdarkside:
the dangerous part is,as soon as this foreighn people have achieved monopoly in nigeria,they can then dictate the price for you....

you guys dont understand how dangerous economic warfare is....

And the president is busy globe trotting looking for foreign investors. I hate pessimism but are we not doomed bayi?

Anyways, just as you said earlier, we can't have a stronger naira untill we find a way to increase exports and decrease imports.

Basicend:
God bless you.

wait....somebody just showed stats that export actualy exceed imports....

soo the problems lays somewhere else....

tsdarkside:
okay....

So you see.... you're just blaming ordinary hardworking Nigerians for something that's caused by looting elites and politicians who keep money in offshore accounts, toilets and bathrooms. Those monies are depleting us seriously. Can CBN give us total forex demand on average in a day and the sectors that demand it? You'll be amazed govt and govt functions have the biggest dollar demand

emorse:
And the president is busy globe trotting looking for foreign investors. I hate pessimism but are we not doomed bayi?

Anyways, just as you said earlier, we can't have a stronger naira untill we find a way to increase exports and decrease imports.

exactly....

Zeebuy:
Dey there dey look Peter Obi, who is a dollar billionaire.
Very soon, una go start to dey chop grass. You bloody fools don't every learn and so you deserve all the suffering your useless leaders unleash on y'all.

Leave them to be hating Obi and be worshiping their slave masters.

Kukutenla:
So you see.... you're just blaming ordinary hardworking Nigerians for something that's caused by looting elites and politicians who keep money in offshore accounts, toilets and bathrooms. Those monies are depleting us seriously. Can CBN give us total forex demand on average in a day and the sectors that demand it? You'll be amazed govt and govt functions have the biggest dollar demand

you wan change human nature....??

good night with that....

Tsolutionifede:
shut up lie lie Igbo boy, whatever that is happening, Peter obi will be worst off

Shut the hell up.
Is that ur consolation? Obi will be worst off? See how defeated you sound.

emorse:
And the president is busy globe trotting looking for foreign investors. I hate pessimism but are we not doomed bayi?

Anyways, just as you said earlier, we can't have a stronger naira untill we find a way to increase exports and decrease imports.

Not just increase exports. Increase exports of manufactured products...whose prices we can control, and set. Not increasing exports of crude oil, groundnut, cocoa and palm oil, and cotton, whose prices are controlled by cartels, which even if we are a part of the cartel, it never favours us.

Deogratiasfx:
Leave them to be hating Obi and be worshiping their slave masters.

nothing will change even with obi....
the same person that was talkin about yacht but shared suvs when he was in charge....

tsdarkside:
you wan change human nature....??

good night with that....

Human nature? I'm getting tired of you
It's not human nature to steal. Human nature abhors stealing from time immemorial. Stealing is perversion of human nature.
You're making excuses for corruption. Nigeria and Nigerians need to tell politicians enough is enough.
Until you do that, even get 1trn reserve in CBN, under 6 months, it's all gone

nairalanda1:
Not just increase exports. Increase exports of manufactured products...whose prices we can control, and set. Not increasing exports of crude oil, groundnut, cocoa and palm oil, and cotton, whose prices are controlled by cartels, which even if we are a part of the cartel, it never favours us.

ofcourse....

nairalanda1:
Not just increase exports. Increase exports of manufactured products...whose prices we can control, and set. Not increasing exports of crude oil, groundnut, cocoa and palm oil, and cotton, whose prices are controlled by cartels, which even if we are a part of the cartel, it never favours us.

You're simply deluded. You don't want things to change. Just looking for excuses like a normal APC zombie

Kukutenla:
Human nature? I'm getting tired of you
It's not human nature to steal. Human nature abhors stealing from time immemorial. Stealing is perversion of human nature.
You're making excuses for corruption. Nigeria and Nigerians need to tell politicians enough is enough.
Until you do that, even get 1trn reserve in CBN, under 6 months, it's all gone

bwahaha....
human nature is extremly corrupt....

when you already know you dont bother no more....
only thing you can do is to make the punishment very high....

asian nations for example give you death sentence straight when they catch you with anytype of drugs....

Kukutenla:
Launder ke?
How's that possible

They will not pass it through CBN. CBN will give their people official rate. So they prefer going to black market.

nigeria should be buildin more prisons and dumpin people in them and not releasin them....

tsdarkside:
nothing was rigged....
many people dont like obi....

when you want to talk about riggin,it was actualy south east that massively rigged....

They dint like him because he his not a yoruba man?

And let me tell you... we have large population of the yorubas that voted for Obi... is just not enough

Whalis:
They will not pass it through CBN. CBN will give their people official rate. So they prefer going to black market.

How do you get dollars from abroad?
Is it sent to you as a parcel?

tsdarkside:
bwahaha....
human nature is extremly corrupt....

when you already know you dont bother no more....
only thing you can do is to make the punishment very high....

asian nations for example give you death sentence straight when they catch you with anytype of drugs....

What about corruption? What's the penalty in Asia?

BigDawsNet:
They dint like him because he his not a yoruba man?

And let me tell you... we have large population of the yorubas that voted for Obi... is just not enough

bwahahahaha....

you realy think its about igbos vs. yorubas....??

sorry....thats none of my business....if una like fight each other till i dont care....
me personaly,i dont like obi....period....

Kukutenla:
What about corruption? What's the penalty in Asia?

i think you land in prison too....

i dont know much about corruption in asian nations....
but i heard stories that china gives you death penalty too....

tsdarkside:
i think you land in prison too....

i dont know much about corruption in asian nations....
but i heard stories that china gives you dealt penalty too....

Most countries in Asia visit corruption with death penalty. In fact, if that dollar video happened to a politician in most Asian countries, he'll be cold in his grave by now. Nigeria is not a serious nation. The man at the helm is too transactional to be transformational.

tsdarkside:
bwahahahaha....

you realy think its about igbos vs. yorubas....??

sorry....thats none of my business....if una like fight each other till i dont care....
me personaly,i dont like obi....period....

Why don't you like him?

Kukutenla:
Most countries in Asia visit corruption with death penalty. In fact, if that dollar video happened to a politician in most Asian countries, he'll be cold in his grave by now. Nigeria is not a serious nation. The man at the helm is too transactional to be transformational.

true....nigeria try to play too nice....
mostly you have a long chain of people parcipatin in the corruption in nigeria....

and the culture of bribin isnt helpin matters either....

Kukutenla:
Why don't you like him?

him too lie....??
you want me to trust a known liar....??

bros,you are askin for too much oo....