₦airaland Forum

rexlims:
Which reforms exactly?
Loans taken with no visible infrastructures in place to determine productivity.

The World Bank has provided Tinubu with $6.5 billion in loans to support consumption.

AreaFada2:

World Powers don't want any humans left in this geographical Niger Area.

In 15 years, hunger will have wiped out most of the people. They will start using it for Safari.
Animals have more value to them.

People who recommend 15 years of more poverty can't mean well for us.

'
Simple. Or they will use the land for nuclear bomb tests.

boringdraw:
■ Fools like you make even Buhari look and sound very intelligent, the international division of labour that have left Africa as suppliers of raw materials is also designed by Africans abi. In as much as African leaders have a major play at our current situation, international organizations can't be excused.
Illicit financial flow from illegally extraction from Africa runs into billions of dollars. They prop up governments , support and aid corruption and implementation of wrong economic policies in Africa. African leaders are despicable, but the topic here is policies recommended by international organizations. Stick to the topic of discussion, you idiot called .... I won't bother responding to you again.

I am sorry, what? When did these international firms become international police and corruption monitors to monitor your own governments activities on your behalf? Why are you people so lazy-minded and f-ked up even in 2024?

Ugh! Forget I even responded to your post at all... this your kind of reasoning they drain people. Jeeezze!

You are joking bro. You are one of the people misleading and decieving our government. So Masses will be in this T
- pain for the next 15 years while governors senators and president will be collecting millions every month and civil servants will be collecting 70k. So the pains is for the masses and you called this a reform. You are drunk before attending this meeting. Idiot.

DeepSight:
You didnt go to school.

If you don't know what to add to this thread you get off my mention.

Go and ask Ngozi Iweala or Soludo what Tinubu has done

he was just doing world banks bidding. people no go last 1 year

We have enough myopic people in Nigeria to make sure the reforms are truncated.
We will then go back to square one and and start another decades of beating around the bush.

DeepSight:
■ Please mention when China and Singapore removied all subsidies, increased the price of PMS by over 200 per cent in one day, radically forced inflation, floated its currency to devalue it, caused petrol scarcities, faced a protest for all this and then immediately increased the price of PMS again.
Its unfortunate that you didnt go to school.

IMF and World Bank NEVER suggested that your Government remove ALL subsidies. One of the reforms suggests that the government set up a safety net — a set of subsidy programs. So, where did you get your false information from? I suggest you first visit the details of the actual reforms suggested by the World Bank before you continue shooting off misinformation on this matter.

musicwriter:
If you don't know what to add to this thread you get off my mention.

Go and ask Ngozi Iweala or Soludo what Tinubu has done

I repeat you didnt go to school. If you did just mention one country where these exact same set of idiotic policies have ever raised a third world country out of poverty. These policies are old, they stretch back to the 70s and 80s and they are specifically designed to rob and impoverish developing countries. If you dont know, just go and sit down. Olodo rabata.

Kobojunkie:
IMF and World Bank NEVER suggested that your Government remove ALL subsidies. One of the reforms suggests that the government set up a safety net — a set of subsidy programs. So, where did you get your false information from? I suggest you first visit the details of the actual reforms suggested by the World Bank before you continue shooting off misinformation on this matter.

This is BS. They suggested it over and over again aggressively, even saying that the removals so far are not enough. They want to kill Africans.
Look, if you dont understand that this is all about getting your government to take loans and pay for them at dubious rates, you dont understand ANYTHING.

DeepSight:
I repeat you didnt go to school. If you did just mention one country where these exact same set of idiotic policies have ever raised a third world country out of poverty. These policies are old, they stretch back to the 70s and 80s and they are specifically designed to rob and impoverish developing countries. If you dont know, just go and sit down. Olodo rabata.

This is total deregulation, not just trimming as SAP days. The economy has been freed now, if only something could be done to tame corruption. I don't expect many to understand this

I don't know of any bank that genuinely wants the interest of their clients. World Bank is no different!

AreaFada2:
■ Kobo the Industrious minded guru, wehdon. Clap for yourself. You may have forgotten how Obama seconded his man to help package Buhari against GEJ. GEJ signed the gay law and secret gay lords in the West were not happy. Unless you were born abroad, I doubt you have mingled with oyinbo more than me. We sabi their obfuscation.
■ Didn't we see IMF/WB encourage IBB to bring SAP? Did it help us? It was the beginning of our proper suffering.

What the f-k has any of this to do with this topic for Pete's sake?

2. Here's a very simple question for you. Did IBB implement SAP as given to him by the IMF/World Bank or did IBB — being the corrupt individual he is still known to be— instead take to blaming IMF and SAP for his incompetence in office? Take a look at the list of reforms suggested back during the time IBB was in office and point out the reforms on that list that were in fact implemented by IBB.

Reforms without a grand vision of industrialisation?

Remember as someone said:
- SAP will lead to economic boom later
- deregulation of the downstream sector of oil will lead to restart of our refineries

- globalization of domestic markets will lead to inter-national trade
- Portharcourt refinery will be on stream by September 2024
- Dangote refinery will cause fuel to go back to less than ₦200.



If you have brain, you can see that our parent's generation, and our own have been massively brainwashed.

Bobloco:
Fifteen years of Reforms

And we are just into first seventeen months of T-Pain reforms

leave the useless organization alone to continue misleading the irresponsible government that has nothing to offer, economy reform that has not yield any positive results, all our small denomination currency are no where to be found and they hard had any effect on the economy

caye:
Reforms without a grand vision of industrialisation?
Remember as someone said:
- SAP will lead to economic boom later
- deregulation of the downstream sector of oil will lead to restart of our refineries
- globalization of domestic markets will lead to inter-national trade
- Portharcourt refinery will be on stream by September 2024
- Dangote refinery will cause fuel to go back to less than ₦200.
If you have brain, you can see that our parent's generation, and our own have been massively brainwashed.

SAP suggested reforms were never implemented in Nigeria though. So, why blame SAP for what SAP never did in Nigeria?

musicwriter:
This is total deregulation, not just trimming as SAP days. The economy has been freed now, if only something could be done to tame corruption. I don't expect many to understand this

Lol. You will be boiled to death gradually like a frog in hot water and you will never understand what is happening.
EVERY economy that has needed to grow has had to have an injection of funds, not a draining of funds.

This happened in Europe after the 2nd World War. This happened in the USA during the great depression.
NOT one single one of these places EVER resorted to punishing the poor, taxing them more or removing subsidies. They ONLY recommend these suicidal steps for third world countries.

If anything, they made more assistance available to the poor consistently.
This, of course is nothing but SAP 2.0 and it will do the same thing SAP did - wreck the economy. And they know it.

Also NO import dependent economy should devalue its currency. That is economic suicide.
If you dont understand that devaluation favors the west because they buy everything you have cheaper, you dont understand anything.

Wake up.

Kobojunkie:
What the f-k has any of this to do with this topic for Pete's sake?

2. Here's a very simple question for you. Did IBB implement SAP as given to him by the IMF/World Bank or did IBB — being the corrupt individual he is still known to be— instead take to blaming IMF and SAP for his incompetence in office? Take a look at the list of reforms suggested back during the time IBB was in office and point out the reforms on that list that were in fact implemented by IBB.

Sir, IBB implemented ALL THESE IMF reforms ( deforms!).
I wish I had strength to write down examples, but NAIRALAND is not worth it. Will rather spend my strength on X or other Socialmedia site; not this abandoned site.

DeepSight:
■ This is BS. They suggested it over and over again aggressively, even saying that the removals so far are not enough. They want to kill Africans.
■ Look, if you dont understand that this is all about getting your government to take loans and pay for them at dubious rates, you dont understand ANYTHING.

Suggested what? To Whom? Where is the record of these suggestions let's review them. Your Government refused to implement a Safety Net, has not even implemented Subsidy Removal...etc, yet you think IMF and World Bank are to be blamed for your government's incompetence?

2. Dubious rates? Are said loans being shoved down the throat of your government or something?

Kobojunkie:
SAP suggested reforms were never implemented in Nigeria though. So, why blame SAP for what SAP never did in Nigeria?

You know absolutely nothing.

caye:
■ Sir, IBB implemented ALL THESE IMF reforms ( deforms!). I wish I had strength to write down examples, but NAIRALAND is not worth it. Will rather spend my strength on X or other Socialmedia site; not this abandoned site.

Where is your evidence of this please?

DeepSight:
■ You know absolutely nothing.

You live in the information age and have access to records that were kept from you. I suggest you go back and do some real research to learn exactly what happened and when.

15 years of Shege

The World Bank is just a lending institution.
The federal government should not regard the World Bank as an expert on Nigeria's economic affairs.

Kobojunkie:
You suggested what? To Whom? Your Government refused to implement a Safety Net, has not even implemented Subsidy Removal...etc, yet you think IMF and World Bank are to be blamed for your government's incompetence?

2. Dubious rates? Are said loans being shoved down the throat of your government or something?

1. Yes, loans are indeed being shoved down our throats if you dont know.
2. What fxxxxking safety net are you talking about? Rice? You must be a joker.
3. Subsidy removal was said to be implemented - but once they immediately floated the naira of course the price of imported PMS races up instantly.
4. You dont understand that we agree our govt is corrupt and incompetent, but you cant see the bigger corruption of the WB and IMF.
5. You dont understand why the Fed can command money into existence by sheer word of mouth, but everyone else must be tied to that imagined dollar. You know nothing of economics. Dont worry, BRICS is coming.

These people don't wish us well at all. We're yet to see the benefits of the SAP imposed on us in the 80s.

DeepSight:
Lol. You will be boiled to death gradually like a frog in hot water and you will never understand what is happening.
EVERY economy that has needed to grow has had to have an injection of funds, not a draining of funds.

This happened in Europe after the 2nd World War. This happened in the USA during the great depression.
NOT one single one of these places EVER resorted to punishing the poor, taxing them more or removing subsidies. They ONLY recommend these suicidal steps for third world countries.

If anything, they made more assistance available to the poor consistently.
This, of course is nothing but SAP 2.0 and it will do the same thing SAP did - wreck the economy. And they know it.

Also NO import dependent economy should devalue its currency. That is economic suicide.
If you dont understand that devaluation favors the west because they buy everything you have cheaper, you dont understand anything.

Wake up.

So, why are there no subsidy in European countries and America?

When you undertake this type of reform, there would be suffering initially but things would turn around, as I predicted within 20-40 years.

The only reason anyone should object this should be corruption

These removal of fuel subsidy and REDUCTION of forex subsidy are small SUPERFICIAL steps.

Making Nigeria a productive and prosperous nation will require more FOUNDATIONAL changes of the kind I've listed in past comments.

The solution is simply F R E E D OM.

A country where PEOPLE don't own land can't be prosperous. A country where government REGULATES prices for everything can NEVER be productive. A diverse country should allow its different peoples a high degree of AUTONOMY.

There should be NO GOVERNMENT OWNED corporations or commercial concerns of any kind or structure.

These are simple moral imperatives.

Good Luck to Nigeria

🙄🙄😳😳😳Ogun kee Una generations there!
This must be the stupidest joke on earth surface... 🔊

At this juncture, Only Khaki boys can stop all these nonsense 🛑⛔🚫💯💯
The dingBAT sole destiny is to sink the shithole beyond redemption 💯💯

Reforms that are depopulating Nigeria. Anyway, that is the goal of the Reforms.
At this rate, Nigeria's population may have gone down by half 15 years from now.

musicwriter:
So, why are there no subsidy in European countries and America?

When you undertake this type of reform, there would be suffering initially but things would turn around, as I predicted within 20-40 years.

The only reason anyone should object this should be corruption

Please tell me you just made a joke and did not say there are no subsidies in Europe and America.
Honestly, tell me you didnt just say that.

Nigeria has had her so called reform since 1989. What a rogue state headed by Mr. Daju (Mean).