₦airaland Forum

raumdeuter:
Anything we dey import as long as we don float Naira will be more expensive

We need to move from import dependence to local production

seankafor:
open a factory for naija naa, na your egbon dey for seat 🪑💺

raumdeuter:
Why is owning a car a basic need? Shey na every young working class person fit afford car? If his salary cannot accommodate the cost of purchase and maintenance then he should plan it properly

BlueRayDick:
Na so!

seankafor:
I want to get something.. these money that obi is donating here and there.. e no dey finish?

Where obi dey get this kind money 💰.. person wey leave office over 10 years ago with no gorverment appointment..

raumdeuter:
Car is not oxygen, Its not even food, water or accommodation. Millions actually billions will go through life without ever owning a car. As far as life goes, Its a luxury

If your money no reach purchase and maintenance, you have to cut it and find other means

BlueRayDick:
I don't have energy for any needless back and forth this evening.

It is obvious to everybody that basic need I wrote in that context is not oxygen food or water. Basic need in the sense that for a working class for has a decent paying job and has worked for at least 5 years , owning a Car is not luxury but necessity which will aid his commuting to and from work.

All of these were normal until the disaster called Tinubu happened.

At least I people who do minimum wage jobs abroad who are able to afford to get a used car within one year of working.

raumdeuter:
Cars are imported and with Naira floating since govt can no longer subsidize Naira, you have to pay what others are paying abroad for the same car. Same with iphone, TV's and other items being imported.

Most of those abroad who are able to afford cars are paying for it monthly. Your friend saved and was able to buy a car paying cash

If everyone abroad has to drop bulk payment for the car at once, Then probably 80% of car owners abroad wont be able to afford one.

Even those with good jobs so driving cars are not basic needs.

BlueRayDick:
I did t mention anything like new car or iPhone in my post.

I said someone abroad bought a small used car cash down from his savings doing mininum wage job. This I know first hand, not my imagination but something happened.

That is the same model that has always happened in Nigeria until T-pain came on board. If u like twist it as much as u want that is the reality.

raumdeuter:
New or Used car, New or Used phones, New or used TV, as long as they are not manufactured in Nigeria will cost roughly the same as abroad plus cost of shipping and clearing

Many people abroad don.t buy brand new cars either. They still have to finance it and pay monthly because they do not have savings like your friend to buy it. Actually most people live from paycheck to paycheck. Many people cannot afford to miss 2 paychecks before becoming homeless. I know this

Below you can see the average savings of people by age. And average cost of a used car. So your friend if he is under 35 he will probably not be able to save for a used car. If he is over 35 he will barely be able to save for a used car

People were able to save and pay cash for used cars before Tinubu because govt was heavily subsidizing the Naira and this was what brought the country to its knees now

Relief 😮‍💨

🎥 - @festusdada1 pic.twitter.com/H1fpUjGmKs

— Soar Africa! (@SSE_NGA) October 14, 2024

Relief 😮‍💨

🎥 - @festusdada1 pic.twitter.com/H1fpUjGmKs

— Soar Africa! (@SSE_NGA) October 14, 2024

raumdeuter:
New or Used car, New or Used phones, New or used TV, as long as they are not manufactured in Nigeria will cost roughly the same as abroad plus cost of shipping and clearing

Many people abroad don.t buy brand new cars either. They still have to finance it and pay monthly because they do not have savings like your friend to buy it. Actually most people live from paycheck to paycheck. Many people cannot afford to miss 2 paychecks before becoming homeless. I know this

Below you can see the average savings of people by age. And average cost of a used car. So your friend if he is under 35 he will probably not be able to save for a used car. If he is over 35 he will barely be able to save for a used car

People were able to save and pay cash for used cars before Tinubu because govt was heavily subsidizing the Naira and this was what brought the country to its knees now

Theflint1:
The used cars Nigerians are trying to buy, are they selling for 40M?

WhoDeyHause:
As national grid don pack up, make e just go like dat. No be everybody go dey burn 1300 for fuel anyhow in this great tribulation.
Things you continue to witness as a Nigerian in big 2024. 👌🏿

iamoyindamola:
Is it confirmed?

WhoDeyHause:
At about two hours ago, the way the light went off made us knew something was wrong before coming online to confirm the grid collapse.

"Why Nigeria must remove fuel subsidy...."

Rufai Oseni, January 2022 pic.twitter.com/NFs4v35s9V

— Ayekooto (@DeeOneAyekooto) October 14, 2024

I tried to listen to Madam Oby Ezekwesili on Mar 2, 2018 about Subsidy.

Dem don carry us go where we no understand with analysis UNTIL reality come happen now🤣🤣🤣 pic.twitter.com/XUs1nlExDr

— Taiwo_Ajakaye (@dmightyangel) October 14, 2024

"Why Nigeria must remove fuel subsidy...."

Rufai Oseni, January 2022 pic.twitter.com/NFs4v35s9V

— Ayekooto (@DeeOneAyekooto) October 14, 2024

Segedinho:
This is the problem with you guys..

How do u compare an outright and stupid subsidy removal without any plan on ground

vs.

Removal of subsidy with lay down plans

Na wao

OasisX:



The World Bank has emphasized that Nigeria needs to continue its current economic reforms for the next 10 to 15 years in order to position itself as a prominent economic force, both within sub-Saharan Africa and globally.

The bank emphasizes that these reforms are vital for fostering sustainable growth and development, enabling Nigeria to effectively compete with other emerging economies around the globe.

During the ongoing 30th Nigerian Economic Summit held in Abuja, which is organized by the Nigerian Economic Summit Group in collaboration with the Ministry of Budget and National Planning, Indermit Gill, the Senior Vice President of the World Bank Group, offered the advice.

The event, taking place over three days, focuses on the theme “Working Together for Growth, Competitiveness, and Stability.”

He said, “Nigeria will need to stay the course of current economic reforms for at least the next 10 to 15 years to transform its economy.

“I don’t know if you are agreeing or disagreeing with me. If these reforms are sustained, Nigeria will transform its economy and become an engine of growth in sub-Saharan Africa.

“It is very difficult to implement such reforms, but the rewards will be massive if they are maintained.”

Amigoss:
Chaiii😭😭

Ihebu4chelsea:
10_15years? How many people do you think will be alive then? Oga, Just accept say your Mcm dun fail. It's not difficult. Better avoid this thread because e no go funny!

OasisX:



The World Bank has emphasized that Nigeria needs to continue its current economic reforms for the next 10 to 15 years in order to position itself as a prominent economic force, both within sub-Saharan Africa and globally.

The bank emphasizes that these reforms are vital for fostering sustainable growth and development, enabling Nigeria to effectively compete with other emerging economies around the globe.

During the ongoing 30th Nigerian Economic Summit held in Abuja, which is organized by the Nigerian Economic Summit Group in collaboration with the Ministry of Budget and National Planning, Indermit Gill, the Senior Vice President of the World Bank Group, offered the advice.

The event, taking place over three days, focuses on the theme “Working Together for Growth, Competitiveness, and Stability.”

He said, “Nigeria will need to stay the course of current economic reforms for at least the next 10 to 15 years to transform its economy.

“I don’t know if you are agreeing or disagreeing with me. If these reforms are sustained, Nigeria will transform its economy and become an engine of growth in sub-Saharan Africa.

“It is very difficult to implement such reforms, but the rewards will be massive if they are maintained.”