₦airaland Forum

Roger3D:
■ I remember the SAP economic policies the IBB regime tried to foist on the Nigerian people back in 1986. The ensuing riots let to a lot of bloodshed in Lagos with over 150 dead. It seems so hard to understand how 40 years later the Nigerian people are willing to put up with the same policy in less than a generation

IBB lied to you and me back then about what SAP was all about. Yes, he succeeded in hoodwinking Nigerians all while he looted the country blind on the back of his SAP-is-to-blame campaigns. Look at the list below to see that even 40 years later, the very same set of reforms are needed in Nigeria even today.

Also note, Obasanjo successfully implemented the list before during the last 4 years of his time in office and every Nigerian you ask would tell yo that they enjoyed that period. So, if anyone tells you these reforms are the reason why you are suffering today, that person is lying to you.

T-pain

pak:
■ This is a perfect analysis that I have been doing my best to drum in the head of people I talk to.
The problem is not then reforms, it is the fact that the Govt of the day are using it as a smokescreen for looting the country's resources.
OBJ also carried out IMF aligned reforms and things didn't turn out half as bad as this

Exactly! The last 4 years of Obasanjo's implementation of the exact same SAP/IMF reforms paid huge dividends to the Nigerian economy and people.

Originakalokalo:
At this point, I think opening the border should be top priority.

No, but reversal of Dollar/Naira floating policy.

Nigeria economy is heavily reliance on importation of finished goods and raw materials, so as long as this needless policy is still there, there is no way we could provide the solution to the current situation.

We bought it 140k this night in Ado Ekiti

When you have a president that chooses to buy plane worth N200b, cars for himself and wife worth N5b, yatch worth N5b, vacations abroad and uses presidential jet for private runs, wife spends billions on foreign trips, he appoints bagmen as ministers. Refuses to disclose his true origins...

How can such a person have the interest of the masses at heart and do the right thing?

Bat is out for himself and cronies.

Hmm. I think the paint is about 6500 now . Greed everywhere

CapodeCapouti:
And what made it even worse is that, the masses who can't buy a 50kg bag but in bits(e.g. rubber which is a washing hand bowl size and about 1kg).

Someone mentioned the other time that a rubber of this rice is sold for N5k, now multiply same by 50kg and that is N250k.

That's a cool profit of at least N150k on 1 bag if you want to factor in like N3k for transportation.

Remember you're buying 50kg bag @N97k from around you and not far distance .

Complainers pretending as if they don't know the ugly truth

I miss Jonathan. His successors are full of nonsense.

Tinubu should swallow his pride and reverse some of this his policies b4 it's too late, especially the ones around the forex.

This things are not just working, and won't work, things are gradually spiralling out of control.

Nigeria go just collapse in front of that him opolo eyes.

MadPolitician:
Tinubu does not understand that no matter how important his so called economic policies/changes/reforms are, making sure that the people don't go to bed hungry, should be even far more important. Economic reforms are intended to better the lives of the people and not to kill them. Bulaba does not grasp this, and no one around him seem to have the boldness to tell him the uncomfortable truth.

As for local rice farmers, breeze don blow and we don see fowl nyansh. No one is as greedy as rice farmers and Dangote in this country. This astronomical increases in the prices of rice, started during the time of buhari, when borders were closed to help them. Instrad of maintaining a reasonable price regime, what they did was to start hiking prices arbitrarily. I mean local rice farmers. They now want to sell at a costlier price than the imported brands and Tinubu is still daft enough not to drastically reduce tariffs on rice imports.

Na waoo,you people's thinking sha,are you aware tax has been removed from rice and the rest?

Originakalokalo:
Please, I am a bit confused...Why is the bag of Rice 97,000 and why does it keep increasing?

What is the government doing to arrest this?

Are they aware?

Is this caused by greedy farmers? Low supply? Bad policies?

Rice apart, where is the import duty removal on food?

Why is food becoming a commodity so expensive that a common man cannot afford it?

Please if you have answers, kindly respond...

The reason is simple, there's general inflation in the economy and rice being a commodity in the economy will follow too. When you say greedy farmers, what exactly do you mean by that? Will the farmer not send his child to school, pay for rent, buy other things he will use? Are those items the farmer will buy immune from inflation? Since the items he will also buy in the economy will increase his own commodity too will have to increase..
No item is immune from inflation when an economy has failed like we have in Nigeria presently. In your own business or services you render , have you not increased the price too? Why should the rice farmer not do same.

Because the satanic, sadistic, self serving dingBAT has only come to STEAL, KILL AND DESTROY 💯💯💯😎

Hahahahahahaha
The situation is getting scarier by the day.
It's like being in a nightmare you don't know how to wake up from.

Angelfrost:
Meanwhile, Mariahangels, help us with cheaper alternatives to the following:

-Rice
-Beans
-Foofoo
-Stew
-Meat and Fish
-Pure water
-Amala
-Yam
-Garri
-Fruits
-Eggs
-Electricity
-Gas
-Fuel
-Security
...In short, Breathing!

Angelfrost:
Must you eat rice?!!... Can't you fast and soak garri?!!

Signed
Bayo Onanuga

.

Originakalokalo:
Please, I am a bit confused...Why is the bag of Rice 97,000 and why does it keep increasing?

What is the government doing to arrest this?

Are they aware?

Is this caused by greedy farmers? Low supply? Bad policies?

Rice apart, where is the import duty removal on food?

Why is food becoming a commodity so expensive that a common man cannot afford it?

Please if you have answers, kindly respond...

All Paid Bots ,Toh Group and other Defenders of Heartless Leaders /Governance .

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Kobojunkie:
Your government is playing on you all the same game that IBB played on Nigerians during SAP. IBB lied that he was busy implementing SAP reforms when in fact he was instead busy looting Nigeria's oil money and blaming all the suffering that resulted on SAP and IMF. This present government is running the same scam on the Nigerian people. It is busy looting Nigeria's resources— since they don loot the money finish— while it continues to lie to you that it is working on reforms on which it then has you blaming your sufferings on.

Kobo ... U Nail it

1. Boko haram/bandits tax
2. Government tax
3. Fuel and transportation cost
4. Police Roger for road or else you go see Roger red eye
5. Niger food crises
6 greedy market women, ban of imported rice(scarce commodities and demand) there by pilot lighting the price increase of local varieties
7. Yule tide pricing
8. Flooding of farms

Ǹjẹ́ a rí enikan kan nínú yín that is still standing on Tinubu's mandate?
We all go hear am!

He built Lagos don dey destroy Nigeria😀

Parydelegate:
Once Dangote launch his Rice Factory...the price of Rice will drop by 50%

Dude, stop playing!
These times are too sensitive for jokes.
I swear, Nigerians are super exhausted from the unending price increase.
Everything hurts. 🤕

Damn too expensive. Anyway, I bought one bag for 73k this afternoon at Ijoko Road, Sango.

advanceDNA:
Unless the Federal government unfloats the currency ..rice will become 200k before the ens of 2025......

Even great China doesn't run a free floating currency.....even the United states subsidizes petrol..........but Nigeria that runs a heavily import-reliant economy thought it will be okay to float it's naira...
.....all for what?? To return IMFs money so that they can have more allowance to borrow for the rulling class to live in luxury....
. In summary...the masses are paying heavily for excesses of the government... If u can get out of Nigeria......get the fvck out because it will only get worse

I don't know know ,pls share me link where Is subsidize petrol

Parydelegate:
Once Dangote launch his Rice Factory...the price of Rice will drop by 50%

🤣🤣🤣🤣🤣 Nigerians will swallow that scam too hook, line and sinker too! 🤣🤣🤣🤣🤣🤣🤣

Kay17:
I hope you understand that CBN spends hundreds of millions of dollars to maintain a particular exchange rate. The CBN does not set exchange rate by mere fiat.

The dollars to be spent in doing better things like investing in your economy is used to prop up the naira.

since they removed it, what better thing have you seen they did? Samething with the petrol subsidy. All end up in their pockets leaving the masses to suffer for nothing

Mariangeles:
Hahahahahahaha
The situation is getting scarier by the day.
It's like being in a nightmare you don't know how to wake up from.

Worst part is... The main Nightmare never even start.

This one na just small bad dream.

Originakalokalo:
Please, I am a bit confused...Why is the bag of Rice 97,000 and why does it keep increasing?

What is the government doing to arrest this?

Are they aware?

Is this caused by greedy farmers? Low supply? Bad policies?

Rice apart, where is the import duty removal on food?

Why is food becoming a commodity so expensive that a common man cannot afford it?

Please if you have answers, kindly respond...

Not even a full bag

Magnoliaa:
.

Dear sister... You sef see their track record!

Gaslighting people they are stressing and killing.

2RightHands1Coc:
Hmm. I think the paint is about 6500 now . Greed everywhere

but the paint is more than 1kg, 1 paint is almost 3kg

Easybet1:
■ since they removed it, what better thing have you seen they did?
■ Samething with the petrol subsidy. All end up in their pockets leaving the masses to suffer for nothing

Who told you they removed it though? This year alone, I can confirm that from 2 reports I read in the past, the CBN spent over $1.2 Billion on propping up the Naira alone. And the value you see today is still being propped up by the way.

2. If the Petrol Subsidy has been removed, why is NNPC telling you that it now owes $6 billion that you will still have to pay? Why is NNPCL still working on deciding the price for you all? 🙄🙄🙄🙄🙄

The scam these thieves have been running against you all, una never even begin to understand at all.

Kobojunkie:
Interesting. So you don't want the World Bank to lend Nigeria money? How do you intend for Nigeria to be at least able to pay the salaries of FG, State and LG workers at this point in time? Let's hear your ideas.

What about the subsidy monies?? Can't they channel it to salaries?

Jokerman:
■ What about the subsidy monies?? Can't they channel it to salaries?

They were supposed to but guess what... 18 months on, we are still struggling to remove subsidy money so it can be channeled elsewhere including into paying of salaries. What do you expect the country to do in the meantime? Not pay Salaries until it finally decides it will in fact remove salaries? Will you be happier with that?

Oloriburuku ni Tinupoo. He has come to destroy. The good Lord will perish him soon.