₦airaland Forum

helinues:
Were you the class rep during your tertiary level?

Let's put SUG positions aside for now

Kukutente23:
Did you read?
Did you understand?
If No to both above, go back to school
Stop wasting your life on NL

helinues:
I didn't direct the question to you so please KS

Thank you

Kukutente23:
Your question is meaningless in context of the thread
It shows a cognitive disconnect

helinues:
It wasn't directed to you. What's the cho cho for?

Salewa97:
It's quite interesting how people are quick to point fingers without considering the broader implications of these economic decisions. Floating the Naira and removing subsidies are bold moves aimed at long-term sustainability, even if they come with short-term challenges. The president is trying to steer Nigeria towards a more self-reliant economy, and that's commendable. We need to support these efforts rather than just criticize. Change is never easy, but sometimes it's necessary for growth. Let's keep pushing forward!

trutharena:
TINUBU is learning and growing as he leads the nation. Every great leader faces challenges, but it’s all part of the journey towards a stronger Nigeria.

learning and growing with over 200 million Or do you mean trial and error!!

Remman:
What Tinubu should have done before floating the naira and removing subsidy.
1. Scrap domiciliary accounts and link Nigeria (using CBN) directly to International Automated Clearing House (ACH) without going through a third-party (ECOWAS) so that our currency will reflect directly on the international market. This move would make it possible for any individual via the local banks to receive foreign currencies directly converted into the Naira into his/her account. This means anyone anywhere in the world can send you money and you will receive it in Naira directly without going to your domiciliary account that would need an exchanger in order to convert to Naira.
2. Force all foreign companies both in the oil sector and the ones handling any government project like housing and road projects to pay all their workers (especially the foreign workers) in Naira. For instance Korean, Italian, Chinese, and others licenced to operate in Nigeria with their CAC number don't pay their foreign workers and some high ranking positions occupied by Nigerians in Naira. With a strong order that all business transactions in Nigeria must happen in Naira will boost the currency's value against any foreign currencies. Also, this will stop all politicians from transacting in dollars during elections to further weaken the Naira.
3. There is enough land in the North (Sambisa for instance) that can be taken by the government for business purposes. How to do this, build military barracks comprising Army, Air force, Navy including police barracks in Sambisa forest, then secure a large part of the forest for farm purposes by leasing or loaning it to real estate agents specialised in farming to farm on the land with instructions to produce rice, beans, yams, tomatoes, etc. (all other essential foods in Nigeria) and flood the Nigerian market with excessive food products since Sambisa forest alone is larger than 2 southern geopolitical zones combined in landmass. This means we can feed ourselves and the entire West Africa if we actually want to, our problem is that a tribe can claim this some day but if it is taking as a national property just as in crude oil, there won't be any problem at all, secondly, the government can through the media enlighten Nigerians that we're one.
4. Ensure that Nigeria has at least 2 working refinery that can actually refine crude oil.
5. Give large grants or high long term loans amounting to over N10million minimum capital to any individual or agents who is willing to start a manufacturing business in any field (technology, electronics, web development, poultry, etc.) in Nigeria, then the government own a 20% stake in it as part of the agreement for the individual or agents to acquire the loan or grant (China did this and their products are all over the world, there's nothing wrong if we adopt this).
6. (This one is not too late) Force all social media and search engine algorithms to prioritise business, artistic, and scientific related models on their sites within Nigeria just like China did. For instance, if this is implemented, it means that when you open Tik-tok or do some search online, instead of seeing girls twerking their butts, you would see stuffs like "how to grow crops as a farmer", "how to generate electricity from permanent magnets", "how to create a host a website by self", etc. kind of contents especially for all youths at and below 25 years old online.
After the above, then floating the Naira and removal of subsidy would be very helpful than just pulling it off without any single plan.

Salewa97:
It's quite interesting how people are quick to point fingers without considering the broader implications of these economic decisions. Floating the Naira and removing subsidies are bold moves aimed at long-term sustainability, even if they come with short-term challenges. The president is trying to steer Nigeria towards a more self-reliant economy, and that's commendable. We need to support these efforts rather than just criticize. Change is never easy, but sometimes it's necessary for growth. Let's keep pushing forward!

DevilsEqual:
Its always easy to propound theories from the byline ans no one would sue or attack u if things go south

U think Tinubu didnt think it would be easy to achieve all these when he was on the bench too??

Dey there dey use mouth dey drive motor

LegendHero:
There is no easy way to float the naira and remove subsidy. All the people saying Tinubu should have do this and that are either drunk or lack common sense.

There is nowhere in the world where they do the above two things and the people don't feel the effect for years. Infact if you like be removing it 20% per year, people will still feel it.

I am starting to think Tinubu should bring back full subsidy, then proceed to put his boys as the BDC guys and they should buy at 400 sell at 750 and rake in as much money they can. Then leave power in 2027 and let another person takeover and bear the brunt.

I am sure at that point, no one will be ignorant enough to borrow Nigeria any shingbain.

Salewa97:
It's quite interesting how people are quick to point fingers without considering the broader implications of these economic decisions. Floating the Naira and removing subsidies are bold moves aimed at long-term sustainability, even if they come with short-term challenges. The president is trying to steer Nigeria towards a more self-reliant economy, and that's commendable. We need to support these efforts rather than just criticize. Change is never easy, but sometimes it's necessary for growth. Let's keep pushing forward!

Remman:
What Tinubu should have done before floating the naira and removing subsidy.
1. Scrap domiciliary accounts and link Nigeria (using CBN) directly to International Automated Clearing House (ACH) without going through a third-party (ECOWAS) so that our currency will reflect directly on the international market. This move would make it possible for any individual via the local banks to receive foreign currencies directly converted into the Naira into his/her account. This means anyone anywhere in the world can send you money and you will receive it in Naira directly without going to your domiciliary account that would need an exchanger in order to convert to Naira.
2. Force all foreign companies both in the oil sector and the ones handling any government project like housing and road projects to pay all their workers (especially the foreign workers) in Naira. For instance Korean, Italian, Chinese, and others licenced to operate in Nigeria with their CAC number don't pay their foreign workers and some high ranking positions occupied by Nigerians in Naira. With a strong order that all business transactions in Nigeria must happen in Naira will boost the currency's value against any foreign currencies. Also, this will stop all politicians from transacting in dollars during elections to further weaken the Naira.
3. There is enough land in the North (Sambisa for instance) that can be taken by the government for business purposes. How to do this, build military barracks comprising Army, Air force, Navy including police barracks in Sambisa forest, then secure a large part of the forest for farm purposes by leasing or loaning it to real estate agents specialised in farming to farm on the land with instructions to produce rice, beans, yams, tomatoes, etc. (all other essential foods in Nigeria) and flood the Nigerian market with excessive food products since Sambisa forest alone is larger than 2 southern geopolitical zones combined in landmass. This means we can feed ourselves and the entire West Africa if we actually want to, our problem is that a tribe can claim this some day but if it is taking as a national property just as in crude oil, there won't be any problem at all, secondly, the government can through the media enlighten Nigerians that we're one.
4. Ensure that Nigeria has at least 2 working refinery that can actually refine crude oil.
5. Give large grants or high long term loans amounting to over N10million minimum capital to any individual or agents who is willing to start a manufacturing business in any field (technology, electronics, web development, poultry, etc.) in Nigeria, then the government own a 20% stake in it as part of the agreement for the individual or agents to acquire the loan or grant (China did this and their products are all over the world, there's nothing wrong if we adopt this).
6. (This one is not too late) Force all social media and search engine algorithms to prioritise business, artistic, and scientific related models on their sites within Nigeria just like China did. For instance, if this is implemented, it means that when you open Tik-tok or do some search online, instead of seeing girls twerking their butts, you would see stuffs like "how to grow crops as a farmer", "how to generate electricity from permanent magnets", "how to create a host a website by self", etc. kind of contents especially for all youths at and below 25 years old online.
After the above, then floating the Naira and removal of subsidy would be very helpful than just pulling it off without any single plan.

Kukutente23:
Can you cite examples of where such have been done in other parts of the world?
The fact which you his blind supporters are unaware of is that Tinubu himself while opposing Jonathan's subsidy removal advocated for a phased removal of subsidy with target and deliverables before full removal. Let me point you to the Op-ed he wrote then: https://pmnewsnigeria.com/2012/01/11/tinubu-jonathan-has-betrayed-the-people/
https://247ureports.com/2023/06/removal-of-oil-subsidy-president-jonathan-breaks-social-contract-with-the-people-by-asiwaju-bola-ahmed-tinubu-2012/


So can you his supporter explain why he found it easy to give this advice when not in power but difficult to implement when he got in?
Would it be wrong to accuse him of breaking social contract with Nigerians and elitism just as he accused Jonathan then?

LegendHero:
Below is an example in recent times. The rest of your jargons, I don’t have time to respond to.