₦airaland Forum

crossfm:
Hehehe.

Ajala the traveller .

A man who's house is on fire is busy chasing rats.

What is the importance of AU meeting to Nigeria at this point in time. He should send someone to represent him, while he look for ways to salvage the situation we are in.

State governors are glutinous in Nigeria. They just da flex.

femisplash:
Removal of subsidy, floating of the naira, removal of FX arbitrage, investigation into CBN finances, stopping NNPCL from receipts of oil revenues, restructuring NNPCL, gas revolution and expansion, rehabiliation of refineries, decentralisation of electricity, rehabilitation of Ajaokuta steel, increased states's FAAC allocations, constitutional review, etc. The President is systematically retooling and refixing the structure from its core. For far too long we have lived a fake lifestyle and false economic realities, an import-dependent country with little or no buffer whereby 98% of her revenues services loan facility and parasitic subsidy payments. Those nations we help develop their economy through imporation with scarce FX, had at a time in their history gone through similar or worse sacrfices and economic turbulence. The current surgical economic and structural revolution is for the greater good of the country.

femisplash:
Removal of subsidy, floating of the naira, removal of FX arbitrage, investigation into CBN finances, stopping NNPCL from receipts of oil revenues, restructuring NNPCL, gas revolution and expansion, rehabiliation of refineries, decentralisation of electricity, rehabilitation of Ajaokuta steel, increased states's FAAC allocations, constitutional review, etc. The President is systematically retooling and refixing the structure from its core. For far too long we have lived a fake lifestyle and false economic realities, an import-dependent country with little or no buffer whereby 98% of her revenues services loan facility and parasitic subsidy payments. Those nations we help develop their economy through imporation with scarce FX, had at a time in their history gone through similar or worse sacrfices and economic turbulence. The current surgical economic and structural revolution is for the greater good of the country.

Tinubu: Jonathan Has betrayed the people

11th January, 2012

Asiwaju Bola Tinubu, Action Congress of Nigeria (ACN) national leader and former governor of Lagos State, has accused the Jonathan presidency of betraying its social contract with the people by suddenly removing fuel subsidy.
He, however, provided a window out of the crisis: if subsidy must be removed at all, it must never be at one fell swoop. Rather it must be on calibrated phrases, on which the promised gains are measured and confirmed before moving to the next phase of removal.
“Government must modify the sudden and complete removal of the subsidy. Either we restore the subsidy or use the funds for other social purposes,” Asiwaju Tinubu counselled in a special release he captioned, ‘Removal of oil subsidy – President Jonathan breaks social contract with the people’ and which he personally signed.
“If we are to use the funds for other programmes, these programmes shall be placed on parallel track with the subsidy. As more of these programmes are ready to go on line, then the subsidy can be lifted in phases” he continued. “In this way, the public is assured government will not lower its total expenditure on their behalf, thus maintaining the spirit central to the social contract.”
But the former governor cautioned the federal government against economic policies that tend to balance the books at the detriment of the people’s welfare.
“As there is progressive politics, there is progressive economics. As there is elitist politics, there is elitist economics,” Asiwaju Tinubu explained. “It all depends on what and who in society government would rather favour. The Jonathan tax,” he declared, “represents a new standard in elitism.”
But the ACN national leader cautioned the president against being captive to economic orthodoxy and its local purveyors, who always look at the Nigerian economy as nothing until when tied to the apron strings of the conservative orthodoxy.
“Because he is slave to wrong-headed economics,” Asiwaju Tinubu said of President Goodluck Jonathan, “the people will become enslaved to greater misery. This crisis will bear his name and will be his legacy. The people now pay a steep tax for voting him into office. The removal of the subsidy is the ‘Jonathan tax’,” he insisted. “The situation shows that ideas count more than personalities. People may occupy office but how that person performs depends on the ideas that occupy his mind.”
Insisting that the subsidy removal was ill-timed, he said there must be some conditions precedent before such a step could be taken.
“First government needs to clean up and throw away the salad of corruption in the NNPC [Nigerian National Petroleum Corporation]. Then, proceed to lay the foundation for a mass transit system in the railways and road network with long term bonds and,” he added, “fully develop the energy sector towards revitalising Nigeria’s economy and easing the burden any subsidy removal may have on the people.”

Source: https://www.google.com/amp/s/pmnewsnigeria.com/2012/01/11/tinubu-jonathan-has-betrayed-the-people/%3famp=1

Franklyspeakin:
There is an imminent crisis coming and it worries me. Tinubu has to take charge before muslim fasting commences. I see the north starting a major uprising then. what could fuel this crisis is the increment in Electricity, Gas and PETROL.
Things are quite expensive and there is serious hardship in the land. Also if i where the president i will limit external travels. A coup could occur with the loud support of the north and silent support of the East. Wahala dey come ooo. DSS take note

femisplash:
Removal of subsidy, floating of the naira, removal of FX arbitrage, investigation into CBN finances, stopping NNPCL from receipts of oil revenues, restructuring NNPCL, gas revolution and expansion, rehabiliation of refineries, decentralisation of electricity, rehabilitation of Ajaokuta steel, increased states's FAAC allocations, constitutional review, etc. The President is systematically retooling and refixing the structure from its core. For far too long we have lived a fake lifestyle and false economic realities, an import-dependent country with little or no buffer whereby 98% of her revenues services loan facility and parasitic subsidy payments. Those nations we help develop their economy through imporation with scarce FX, had at a time in their history gone through similar or worse sacrfices and economic turbulence. The current surgical economic and structural revolution is for the greater good of the country.

femisplash:
Removal of subsidy, floating of the naira, removal of FX arbitrage, investigation into CBN finances, stopping NNPCL from receipts of oil revenues, restructuring NNPCL, gas revolution and expansion, rehabiliation of refineries, decentralisation of electricity, rehabilitation of Ajaokuta steel, increased states's FAAC allocations, constitutional review, etc. The President is systematically retooling and refixing the structure from its core. For far too long we have lived a fake lifestyle and false economic realities, an import-dependent country with little or no buffer whereby 98% of her revenues services loan facility and parasitic subsidy payments. Those nations we help develop their economy through imporation with scarce FX, had at a time in their history gone through similar or worse sacrfices and economic turbulence. The current surgical economic and structural revolution is for the greater good of the country.

femisplash:
Removal of subsidy, floating of the naira, removal of FX arbitrage, investigation into CBN finances, stopping NNPCL from receipts of oil revenues, restructuring NNPCL, gas revolution and expansion, rehabiliation of refineries, decentralisation of electricity, rehabilitation of Ajaokuta steel, increased states's FAAC allocations, constitutional review, etc. The President is systematically retooling and refixing the structure from its core. For far too long we have lived a fake lifestyle and false economic realities, an import-dependent country with little or no buffer whereby 98% of her revenues services loan facility and parasitic subsidy payments. Those nations we help develop their economy through imporation with scarce FX, had at a time in their history gone through similar or worse sacrfices and economic turbulence. The current surgical economic and structural revolution is for the greater good of the country.

malali:
There is more to this naira devaluation than meets the Eye.

Why do i feel some people are counterfeiting the naira.

Because no one can really explain why there is an infinite amount of Naira in circulation. Even if the naira was free floating by now it should have reached an equilibrium. It should have pegged itself.

The only reason why the naira can be dropping till infinity is if the production is unlimited, because salary has not even been increased yet. Only thing that could account for daily devaluation is if someone other than the CBN is printing naira. Counterfeiters ?

To be realistic, no amount of salary increments can resolve this.

This is very serious, the government has to act now........There are so many African countries, who do not even produce crude oil or subsidize forex but their local currency is stable.

The government should declare a state of emergency right away, this currency devaluation is getting out of control.

MT:
I can bet you will be insulted on this thread.

The most annoying thing is mentioning Peter obi as if he would wave a magic wand if elected.

Nigeria has been appearing rich all this while. The reality stares us in the face now.

Enemiesmasquera:
Tinubu the disaster. E no go better for anyone still defending this clueless president

fergie001:
Arise TV

Enemiesmasquera:
Tinubu the disaster. E no go better for anyone still defending this clueless president

femisplash:
Removal of subsidy, floating of the naira, removal of FX arbitrage, investigation into CBN finances, stopping NNPCL from receipts of oil revenues, restructuring NNPCL, gas revolution and expansion, rehabiliation of refineries, decentralisation of electricity, rehabilitation of Ajaokuta steel, increased states's FAAC allocations, constitutional review, etc. The President is systematically retooling and refixing the structure from its core. For far too long we have lived a fake lifestyle and false economic realities, an import-dependent country with little or no buffer whereby 98% of her revenues services loan facility and parasitic subsidy payments. Those nations we help develop their economy through imporation with scarce FX, had at a time in their history gone through similar or worse sacrfices and economic turbulence. The current surgical economic and structural revolution is for the greater good of the country.

uba1991:
stop blaming anybody. Blame the government. There policy is responsible and if there are other criminals printing money as you want us to believe then it is the responsibility of the government to fish them out.
Since Tinubu came to power no one foreign investor come to the country rather multinational companies are leaving the country.
What is the qualification of the CBN governor?
Aside from being a Yoruba man and also working as commissioner of budget and planning in Lagos state when Tinubu was the governor. Those are the two reasons why he was appointed CBN governor.