₦airaland Forum

Curious345:
I'm rich . So you'll be the one on the suicide row..

I'm literally fighting for your sorry ass

shout up did I told you to fight for me? are you the one feeding me? Did you see me begging? See an not a poor guy, even the rich are commiting suicide so you are not above that

Wow...

The syringe 💉 big bedat

celestineteryim:
shout up did I told you to fight for me? are you the one feeding me? Did you see me begging? See an not a poor guy, even the rich are commiting suicide so you are not above that

Just shut up and don't carry that your tribalistic useless behavior into this post tinubu era ...or you get clapped

Kobojunkie:
Which loan?

Ah! Kobo, you never hear? Dem go sign agreement wey go give dem LGBTQ loan. The loan get condition wey be say dem go allow LGBTQ people dem. Not funny but make I 😂

Money no Dey so any money wey dem see na to grab & worry about the condition lera. So sad if they don’t go back on that decision.

Curious345:
Just shut up and don't carry that your tribalistic useless behavior into this post tinubu era ...or you get clapped

oga please just avoid me oo, am telling you oo

slimfit1:
The North should not get anything otherwise it will end up in the hands of terrorist.

Audio injection. Even the South wont get anything. Only the politifshians will get all the trillion. Alooter Continua.

meum:
Ah! Kobo, you never hear? Dem don go sign agreement wey go give dem LGBTQ loan. The loan get condition wey be say dem go allow LGBTQ people dem. Not funny but make I 😂
Money no Dey so any money wey dem see na to grab & worry about the condition lera. So sad if they don’t go back on that decision.

All i have to say to that is that a beggar is not a chooser! 🤔🤔🤔🤔

You made an assumption and you are debating your own assumption. What is my business with that?

Kobojunkie:
So, you know they haven't gotten it right the numerous other times you pointed out, but you are still willing to wish upon a damned star — its damned at this point — that they will get it right this time? Do you realize that this is your future and the future of your unborn children you are gambling with here? Does it ever occur to you all that what you allow is what your children and their children will continue to pay for?

Shikena:
You made an assumption and you are debating your own assumption. What is my business with that?

Correction... You made the assumption that they could get it right even after 25 years of getting it wrong . 🤔🤔🤔🤔

Bobloco:
.....inaugurates council


https://www.vanguardngr.com/2024/07/tinubu-announces-injection-of-n2tr-into-sectors-of-the-economy-for-stabilisation/

Palliative government.Reduce exchange rate for import duty.

Monies that they see themselves halfing and having soon......
Na we wey like news dey buy yeye.......
Trial and Error govt.

Kobojunkie:
All i have to say to that is that a beggar is not a chooser! 🤔🤔🤔🤔

Na wetin I read sha. I don Dey look the articles over & over again to fully understand. You know this Oyibo people dem fit use grammar join am with law take confuse you make you sign. I hope it’s not as reported earlier today.

meum:
Na wetin I read sha. I don Dey look the articles over & over again to fully understand. You know this Oyibo people dem fit use grammar join am with law take confuse you make you sign. I hope it’s not as reported earlier today.

Hope has disappointed Nigerians the most in the last 64 years. Why continue to gamble on it.

Majority of this money will eventually end up in private pockett, get visa, travel abroad, transform into houses and other investments, leaving Nigerians in hunger and poverty. Adminsitive cost of all the fruitless inauguration here and there is mind blowing.
Last time, I read here that over N1 billion naira was paid to an inaugurated committee.

Nigeria I hail thee!

Security and access to funds for growth without chuwa chuwa and the economy will take off.

Locking down all the political miscreants causing problems in states allow those that won to rule in peace

NwaliE01:
Majority of this money will eventually end up in private pockett, get visa, travel abroad, transform into houses and other investments, leaving Nigerians in hunger and poverty. Adminsitive cost of all the fruitless inauguration here and there is mind blowing.
Last time, I read here that over N1 billion naira was paid to an inaugurated committee.
Nigeria I hail thee!

The regular rinse and repeat of Nigerian Politrick-tians.🙄🙄🙄

mrvitalis:
Tinubu and his team don't still get it

You budget 1.1 trillion for roads in fct
15 trillion for one road

But hope a mere 2 trillion can revive a 400 trillion economy?

Not only is the 2 trillion extremely small they don't even know how to apply it

How can a group of people still keep making same mistake

please since you get sense can you point out in the article where they said it's a one time thing 🤔.......

leokid866:
please since you get sense can you point out in the article where they said it's a one time thing 🤔.......

2 trillion naira per year cant stimulate this economy

Can u start a car with phone battery?

mrvitalis:
2 trillion naira per year cant stimulate this economy

Can u start a car with phone battery?

did they tell you it's per year? You go just dey your room dey assume......

Nigeria economy dey for ICU, Nurse Tinubulation still dey talk of Injection? Damn!!

# usual bullocks💯💯💯
All motion, NO MOVEMENT govt of self serving THIEVES AND BLOODTHIRSTY TERRORISTS!📢📢📢
# ENOUGH OF PROPAGANDAS 📢📢📢📢

LOL!!
This government has lost it.

Economy cant stabilise, its is gone for another 20-25 years

Who are the ones advising this man?? Its either his advisers are not being honest with him and giving him wrong advices so they could cash out, or, he is dumb and senile not to understand some implications of the advices, or, he brazenly rejects good advices and sticks to his crude and archaic ideas that can only work in a place like Lagos state where everyone is his lackey and he controls the revenue/expenditure processes from his house. It must be one of these 3.

His audience that he calls the economic advisory committee are his "choir boys" who will sing "on your mandate" for him whenever they meet. The advisory committee lacks real intellectual composition to get Nigeria out of the current socio-economic mess Timubu plunged it to.

Now, this idea of injecting funds into an economy is most useful when you need to boost a flagging economy via increased production, as done in the US in 2008/09 by Obama to fight the global recession and in 2012-2014 by Late President Shinzo Abe of Japan(Abenomics), to resuscitate the dwindling economy of Japan that was having a negative growth. These funds are channeled as stimulants to the productive sectors(manufacturers/agriculture) and then bought back through commercial banks using a specific method called "Quantitative Easing" when the economy stabilises and interests rates have dropped to a certain level. Notice that such stimulus is not pushed to the service or intangible sectors like banking, consulting, financial institutions, etc., because of the belief that growth and recovery can come quicker from those 2 sectors(Mfg./Agric), much faster that other sectors due to their multiplier effect capacities.


Beside those economies being productive ones(large manufacturing base), the idea(stimulus) worked because Japan, USA and those others that tried it successfully were austere in their spending, focused on budget tightening, disciplined in the application of the stimulus, and very strict in ensuring that the recipients complied with the requirements for the stimulus package, and then be ready to buy back when interest rates drop( not wihh public debt), all traits that are far from this Tinubu Govt.

Contrast that to Nigeria where the major driving forces behind the economy are extraction (oil, other mineral resources,etc) and services(banking, bureaucracy, consulting, rent seeking, etc.), with next to zero manufacturing and comatose agricultural sector. The 2 trillion will only further fuel inflation and mess up whatever little gain CBN has had in restraining inflation from blowing to more than 200%. At best, it might end up like the Anchor borrowing of Emefiele/Buhari misadventure. That idea(Stimulus package) can not work in a non productive economy. NEVER!!. A year 2 University economics undergraduate would know this, talk more of a so called" brilliant stategist/ chartered accountant"

In addition, this type of money can only come from one source: Borrowing. As it stands, foreign lenders are reluctant to give more loans to Nigeria because according to IMF, the reforms were not adequately carried out. If this channel of foreign loan is blocked, Tinubu has just the options of either increasing taxes(fiscal) or borrowing from local sources(more debts) or through the much maligned "Ways and Means" they castigated Buhari's administration over. Given the volume of public debt, feared backlash against further taxation(Kenya's case has taught them some lesson),the most feasible option is the "Way and Means" which amounts to printing more currency. if this happens, Zimbabwe's inflation will be a small play compared to what will happen in Nigeria.

Somebody just went to copy a stimulus program from somewhere and gave it to him to regurgitate, and just like he foolishly did with the advice to devalue the Naira, I'm not sure he has asked the right questions.

This Government is so confused, it is fighting itself in terms of economic policies. While the CBN is trying to fight off hyper inflation using various monetary means, the Central government seems to be encouraging inflation through various discretionary spendings, bloated budgeting, etc.

Just like I stated when he decided to devalue the naira and some people were jubilating calling it "necessary reforms" (they said he was floating it not knowing they were devaluing the currency in the crudest method, hoping it will invite more foreign investment), this policy will backfire and worsen the current situation. It is not well thought out and has been hastily passed on to him to mouth-out to make him appear like he has any brain or idea how to correct the mess his brazen arrogance and stupidity have put his government and millions of Nigerians.

Nigeria is in a deeper shit with this man. Soon, you all may have to beg Buhari to come back

Which way Nigeria.......?
Which way to Go..................?
In the language of Sunny Okosun

JESUS REMAINS THE WAY, THE TRUTH AND THE LIFE

Until our leaders repent from Ondo weed, sniffing coke, buying (SUV for lawbreakers, Jet for Presidos, houses in Dubai/Maitama/VGC/ Shisha for olosho) we can't see the way.

wildernessVoice:
Which way Nigeria.......?
Which way to Go..................?
In the language of Sunny Okosun

JESUS REMAINS THE WAY, THE TRUTH AND THE LIFE

Until our leaders repent from Ondo weed, sniffing coke, buying (SUV for lawbreakers, Jet for Presidos, houses in Dubai/Maitama/VGC/ Shisha for olosho) we can't see the way.

Stop dragging Jesus mention into this nonsense abeg!

Haven't you even realized that your gods of men who told you Jesus Christ would save Nigeria for you all lied to you? While your Grandparents and parents and now your children were busy drinking their Kool aid, those men scammed your lot of your ability to reason your own lives. They built their kingdoms on your backs. Look and see them for who they all are.

Bobloco:
.....inaugurates council
Recall that President Tinubu announced the constitution of the Council, which he personally chairs, in a statement issued by his Special Adviser on Media and Publicity, Ajuri Ngelale, of March 27, 2024.

Other membership of the PECC are Vice President Kashim Shettima, Vice-Chairman; President of the Nigerian Senate; Chairman, Nigeria Governors’ Forum; Coordinating Minister for the Economy and Minister of Finance; Governor of the Central Bank of Nigeria; Ministers of Agriculture and Food Security; Aviation and Aerospace Development and Budget and Economic Planning.

Others include Ministers of Communications, Innovation and Digital Economy; Industry, Trade and Investment; Labour and Employment; Marine and Blue Economy; Power; State, Petroleum Resources; State, Gas; Ministers of Transportation and Works.

https://www.vanguardngr.com/2024/07/tinubu-announces-injection-of-n2tr-into-sectors-of-the-economy-for-stabilisation/

[color=indigo]Audio Council.
Just tell me what new things these folks who have since been on the table with him will now bring to this table
[/color]

Wouldn't this cause inflation?

Let the embezzlement continue. The problem is not the injection,but the utilization and proper spending of the money.

Bobloco:
.....inaugurates council


https://www.vanguardngr.com/2024/07/tinubu-announces-injection-of-n2tr-into-sectors-of-the-economy-for-stabilisation/

mrvitalis:
Tinubu and his team don't still get it

You budget 1.1 trillion for roads in fct
15 trillion for one road

But hope a mere 2 trillion can revive a 400 trillion economy?

Not only is the 2 trillion extremely small they don't even know how to apply it

How can a group of people still keep making same mistake

2 trillion for six month period is extremely small?. Dude, you're trying too much, unfortunately, whenever you open your mouth, ignorance oozes.

So long he keep trying Nigerians n not Biafran like hate filled bigoted shameless soul like you will appreciate him.

Also, if he had waste his youth away the way you ruined your life in NL I doubt if he would have accomplished all that he did.

001Lagos:
Everyday he's got something new to say but got nothing to show for it
.yeye president

Where is the 2 trillion naira coming from? I hope this government is not printing new naira notes like hurricane Buhari did that has affected the value of the naira and caused hyper inflation.

Tinubu's own way of injecting money into the economy is enriching his cronies and those who smuggled him into power.

2trillion naira at today's rate is a paltry sum less than $2bn. Atiku proposed to inject $10bn in his manifesto. Tinubu wants to borrow that idea but the best he can come up with is $2bn?
I said it before elections that regional sentiments aside, Atiku has the best ideas of the three front-runners