₦airaland Forum

Lanretoye:
So this economic hardship too is not part of what he has achieved

See this fool.
Na TRIBALISM go kill you.
You never suffer finish.
Shey you voted in an incompetent drug baron all because he's your kinsmen.
This hardship go extend reach your generations.
Poverty Stricken phone repairer

[quote author=Pbatmedia post=132530918][/quote]D only thing subsidy has given some people is rice palliative
As it has now become d solution to all our problems
I want to insult poster fada bt i will restrain myself

Lithiumite:
Thank you for your quiet thoughtful and intelligent posits.

If the figures weren't bogus or downright outlandish,why has fuel consumption suddenly reduced,if we were really as productive to be consuming such amount of perltrol.Have you driven along the west coast before as far as Togo atleast to see the unwholesome distribution of smuggled Nigerian petrol,have you been to places like seme,idiroko,ilela,jibia,maradi,lake chad borders etc and see the scale of smuggling that goes on in these places.
People who benefit from this would complain because they are making money selling cheap subsidised petrol meter for Nigerians to non Nigerians and making a premium.

On the issue of tax,you and I would agree we do not pay enough tax in this country as compared to others and even the little is being stolen through different schemes.Companies leaving doesn't have any bearing on Nigeria's macroeconomic stability,for every single company that has left do you know how many has come in and still planning to come in ....take a drive along the Lagos -ibadan corridor for instance and see new factories springing daily as we speak.....what would you say about the new investments in oil and gas which has been stifled in the past due to unfavorable policies of govt.

People who had been benefitting from our dysfunctional rent seeking economy would complain and not make money anymore because now you have to be really productive and smart to do so.....rather than buying a car every year enriching other economies where this cars come from and calling that properity,you rather maintain the one you already have properly and put to good use.

Student loans aren't paltry but a huge game changer,my daughter is just about getting into an higher institution and I know what it costs to get a kid into a university but studentbloans would free up hitherto scarce funds for my family fir other productive endeavours.

My claim of the bogus figures on smuggling was based on experience. My job takes me across West Africa so I have the facts, we did not in any way subsidize fuel consumption for other countries. On the issue of tax, I agree we have to deepen the tax net, but it is sheer wisdom to know when to apply the right timing. It makes no sense to increase taxation in a period of austerity, this makes you appear wicked and insensitive. Ghana with the new template for tax is actually bringing in measures to ease the tax burden and use tax as a means to spur production, while in Nigeria we are using tax just like how the park agberos collect their dues, this will not spur production, but rather it chases away business. Let us be sincere.
On the student loan, time will tell if this can be sustained because I am wondering how the funding will be sustained with the decline in oil revenues and the unwillingness to harness our agricultural and solid mineral wealth.

Did the writer cross-reference what he wrote with the realities on ground?

see how you are contradicting yourself

DeLaRue:
The most reformist national government in the history of Nigeria.

If you disagree, name any government since independence that introduced anything on the scale of the numerous bold, courageous and fundamental economic changes that this man's government has taken in just 18 months.

The only government, though a regional one, that did better is the outstanding Western Nigeria government led by Chief Awolowo.

That is not to say that the ongoing changes are painless. They are not, and I hope the government finds a solution quickly to help the large proportion of the population that desperately needs help.

I still don't understand why it is proving so difficult for the government to transfer money to elderly people on a monthly basis. Ms Edu left the scene a long time ago, yet social payments have not resumed. Mr Tinubu, what the hell is going on

It is so painful to see so many needing help and not getting it while politicians are living fat.

can you just shut up and stop constituting nuisance here in the name of defending your failures?

Lithiumite:
Says an uninformed arm chair critic like yourself.

Aren't student loans now available?

Hasn't the bogus fuel consumption figures reduced?

Hasn't the corruption on subsidy been eradicated?

Hasn't the debt servicing ratio reduced?

Isn't Nigerian economy far more stable at the macro level?

Aren't people living their lives and many still making money despite your alarmist innuendos on the economy?

If you wish hunger and suffering on yourself so be it.....as for me,the subsidy removal is a great feat.

i think say na only me notice am

Crownofgold:
More like a chatgpt output, far from reality!

ICTspecialist:
See this fool.
Na TRIBALISM go kill you.
You never suffer finish.
Shey you voted in an incompetent drug baron all because he's your kinsmen.
This hardship go extend reach your generations.
Poverty Stricken phone repairer

I never chop pepper this mourning,if I curse you like this you no go ever come out of it.Shay na me cause the frustration of your life?,work you no get,at 35 wife you no get,Shay na me make your life miserable?.e be like you want make ogun kill you abi.useless jobless lazy fool no get job ma woman e Dey find,you never see anything,your misfortune and suffer was just start.the phone repair Wey I Dey do go feed your papa until when just one phone no Dey una family again…fool.

Only God will judge you guys after dishing out lies n propaganda.

[quote author=Pbatmedia post=132530918][/quote]who wrote this package fallacy?

Hogwash!

. Attracted Foreign Investment: Subsidy removal made Nigeria's oil sector more attractive to investors, sparking new investments.

This is the point I don't always understand. So, if government subsidizes, does that mean they won't pay the shortfall or differentials on the commodities to the producers? It doesn't make sense.

sailor2011:
With time , things will improve for ordinary Nigerians....it is well with us

Same said during Buhari's regime but the results are crystal clear to the blind and even the deaf.
Let it be on record, Tinubu's policies would change anything but will only dip the citizens to more poverty and penury, because we are oil dependent and foreign goods dependent. We are not yet a producing country.

How has this affect common man on the street , that's my question?
To all of you supporting this evil , Please go inside the street and see that their is serious suffering
in the land.

This is Government of Propaganda.

OkCornel:
Ok, so where are the CNG mass transit buses in the cities for a start? 🤷

what's the faith of common man on the street

Yes and the greatest achievement of all is plunging Nigerians into multidimensional poverty and economic stagnation.
Nigerians don't need all these Oluwole stories. The need to be able to feed themselves and the government is making it practically impossible for millions to do so.
In the words of the drug Baron "shey na statistics we go chop?"

These Tinubu govt never cease to disappoint ... a whole presidential media reciting benefits of subsidy like children about to write 100L exam,
For educational purposes they are correct But reality wise the answers are pathetic lies, Nigerians cant even relate

Is subsidy really gone ?? Asides the calabar coastal road to be finance with loan which project is going on in the country that resonates development.


To the lunatic still supporting Tinubu ,
1. As the removal of subsidy stop oil smuggling/diversions,
2. Did it put an end to scarcity, have Nigerians not being subjected to scarcity back to back and as it ended
3. The increase allocation to governor in what ways as it better the lives of the people compared to what fuel subsidy did for the people

At the level the economy is deteriorating will Nigerians think twice before choosing life before May 29, a maà gbe wa lè turns everything must go up.

Because this aclaimed sophisticated and civilized tribe are controlling the media they believe they can feed us with any jargons at any point in time abi?

The uneducated north with their NEPA bill certificates are patiently waiting for you guys by 2027 GOD'S willing.

Very useless write up,
For foreigners or those abroad in this page; this is the most useless and corrupt lying government in Nigeria history.

If you're not mentally derailed, you'll understand that the Nigerian society is now a shadow of herself and the people are going through untold hardship.
So people no dey go school again because hunger dey? How many schools don close. Na so you dey here dey shout hunger hunger and people dey move forward.[/quote]

Lithiumite:
Says an uninformed arm chair critic like yourself.

Aren't student loans now available?

Hasn't the bogus fuel consumption figures reduced?

Hasn't the corruption on subsidy been eradicated?

Hasn't the debt servicing ratio reduced?

Isn't Nigerian economy far more stable at the macro level?

Aren't people living their lives and many still making money despite your alarmist innuendos on the economy?

If you wish hunger and suffering on yourself so be it.....as for me,the subsidy removal is a great feat.

Let me ask you some salient questions please.

1. What is the ratio of those that were given the said students' loan?

Remember only #2.9b was allocated for the said students' loan and to capture 22,120 students. What is this number in a population of over 100m people living in an extreme poverty in Nigeria? Nkan kekere njo yin loju sa.

2. The consumption figure reduced because the purchasing power of the people reduced. People now preferred to walk or trek than going out with their cars. Some even parked their cars for months now and only warming it. Where is that money to buy the fuel at over #1,000. The reduction in fuel consumption is due to bad policy and not because people doesn't want to use fuel to power their cars and household gadgets.

3. Let them be deceiving you. Many known figures have challenged Tinubu's government that they are still paying subsidy and till date they have not rebuffed the claim. The subsidy regime is still eating deep into our common patrimony but they are telling you lie that you wish to hear. Hope you read about two days ago where marketers are complaining that they are resuming fuel importation because Dangote fuel is not enough for them. Let us continue deceiving ourselves and still expect the country to launch forward. Kolewerk.

4. The government is paying debt and at the same time incurring more to it. It's on record that in the last 18 months the money Tinubu has borrowed is over half of what Buhari borrowed in his 8 years regime.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.nairaland.com/8136450/tinubus-borrowing-one-year-surpasses&ved=2ahUKEwiMzp6FvqGJAxWIWkEAHe-wDU4QFnoECBgQAQ&usg=AOvVaw13_0SNcBOnFyjiZP5pLc3x
They are servicing debt and at the same time borrowing with reckless abandon.

5. The macro economy is more stable but the poverty level of the citizens is increasing every day. The impact of macro economy increase suppose to be felt by the citizens. Having record on paper some time is fallacy and that has been the problem of Nigeria. We have beautiful records on paper but physical attestation is saying otherwise. You know the number of companies that have packed up because of this harsh economy and none has come to replace them?

6. Please how many people are making the money? Are those people making the money not also lamenting bitterly? Lest we talk about the downtrodden.
Joe Igbokwe recently lamented on how much he is spending on powering his office and complained bitterly about it and even begging Tinubu to try and reverse the electricity tariff on the premise that it would cause many companies to fold up.

You can defend whoever you want but do it with sense because life does not start and end with the people at the highest echelon of life, there are people that are at the lowest ladder of life and there are average ladder of life, always think about those people because they are part of the society. Yes, some people may be making it but what is their fraction to the whole population?

Sometimes I begin to wonder If people still have conscience in this country, how on earth can you still be defending this nonsense going on in our rotten Government cos of politics, when you're aware of the untold hardship people are going through. You must be far from been a Human.




Says an uninformed arm chair critic like yourself.

Aren't student loans now available?

Hasn't the bogus fuel consumption figures reduced?

Hasn't the corruption on subsidy been eradicated?

Hasn't the debt servicing ratio reduced?

Isn't Nigerian economy far more stable at the macro level?

Aren't people living their lives and many still making money despite your alarmist innuendos on the economy?

If you wish hunger and suffering on yourself so be it.....as for me,the subsidy removal is a great feat.[/quote]

sailor2011:
With time , things will improve for ordinary Nigerians....it is well with us

A foolish idiot like you

Lithiumite:
Says an uninformed arm chair critic like yourself.

Aren't student loans now available?

Hasn't the bogus fuel consumption figures reduced?

Hasn't the corruption on subsidy been eradicated?

Hasn't the debt servicing ratio reduced?

Isn't Nigerian economy far more stable at the macro level?

Aren't people living their lives and many still making money despite your alarmist innuendos on the economy?

If you wish hunger and suffering on yourself so be it.....as for me,the subsidy removal is a great feat.

lol...lies lies and more lies...funny enough not even smart ones.

He has increased domestic debt from where maalu Buhari left it by 45trn naira, foreign debt by around $20b, and all within just one year despite supposedly removing electricity, fuel, and education subsidies. How is that an improvement?

Which macro-economic indices improved? Abi you think say na pry 1 children full here?

500m allocation to a state in 2014 will complete projects that 5billion allocation to same state today in 2024 will not. So what the fvck are you and the stupid pbat meadia team going on about?

[quote author=Pbatmedia post=132530918][/quote]Very good info. I believe in due time, the financial pressure will even out..

Madness

In as much as I cannot discard all the aforementioned points, the question is that: Has any common man on the street benefited from all these? If no, then, our government must do more to put smiles on the faces of common man.

Realtruth2023:
My claim of the bogus figures on smuggling was based on experience. My job takes me across West Africa so I have the facts, we did not in any way subsidies fuel consumption for other countries. On the issue of tax, I agree we have to deepen the tax net, but it is sheer wisdom to know when to apply the right timing. It makes no sense to increase taxation in a period of austerity, this makes you appear wicked and insensitive. Ghana with the new template for tax is actually bringing in measures to ease the tax burden and use tax as a means to spur production, while in Nigeria we are using tax just like how the park agberos collect their dues, this will not spur production, bit rather it chases away business. Let us be sincere.
On the student loan, time will tell if this can be sustained because I am wondering how the funding will be sustained with the decline in oil revenues and the unwillingness to harness our agricultural and solid mineral wealth.

What is the volume of fuel that leaves this country's borders and sold cheaper than the official rates in Togo,Benin,Niger,tchad and Cameroon? I am also a living witness of endless lines of vehicles even trucks taking fuel out which is still happening as we speak.

Ghana can have a much more robust tax system than we have because they have been consistent with it and it and it's imbued in every Ghanian that taxes must be paid for growth and development as against the lacuna we have here.

Student loans would be sustainable as it will become an independent fund soon just like the pension fund that many never believed it would work initially.....things like this are the things we need to ease the pains of the people,a robust consumer credit scheme is on the cards and coming up soon to help boost spending thereby boosting productivity,this are some measures put in place to reinflate the economy.

Treadway:
lol...lies lies and more lies...funny enough not even smart ones.

He has increased domestic debt from where maalu Buhari left it by 45trn naira, foreign debt by around $20b, and all within just one year despite supposedly removing electricity, fuel, and education subsidies. How is that an improvement?

Which macro-economic indices improved? Abi you think say na pry 1 children full here?

500m allocation to a state in 2014 will complete projects that 5billion allocation to same state today in 2024 will not. So what the fvck are you and the stupid pbat meadia team going on about?

And what is the harm in borrowing if used for the right purposes ..even almighty USA is having a deficit of about 1.4% this year.

What was our debt to GDP ratio before now,the debt servicing to revenue ratio as gone down to about 64% where do you think all the money to pay off already incurred debt would come from.

Ways and means from CBN that was ballooning under previous govts leading to more debt as been reduced drastically,Forex back log of about $7b cleared,where did you think all that money came from.....how about the foreign reserves moving up to $39bn, are all those lies as well?

You can choose to belief which ever narrative to soothe your political narrative but I choose the positives over the negatives and I know things are looking on the bright side.

IfnobeGod20:
Let me ask you some salient questions please.

1. What is the ratio of those that were given the said students' loan?

Remember only #2.9b was allocated for the said students' loan and to capture 22,120 students. What is this number in a population of over 100m people living in an extreme poverty in Nigeria? Nkan kekere njo yin loju sa

I don't understand the data you are giving,are you telling me we have 100m students in Nigeria? Where are you getting Ur 2.9b from....nelfund just announced another fresh disbursement of 92bn for fresh set of students.

That number of students you are mentioning comes from households that hitherto would have spent their scarce resources on sending their kids to university but now would have those funds freed up for other immediate purposes.....consider the ripple effects on those households,little things like this is what is needed to help reinflate the economy....you are complaining you don't have money and i am telling you to come borrow money to help send your children to school and you are still complaining.

Lithiumite:
What is the volume of fuel that leaves this country's borders and sold cheaper than the official rates in Togo,Benin,Niger,tchad and Cameroon? I am also a living witness of endless lines of vehicles even trucks taking fuel out which is still happening as we speak.

Ghana can have a much more robust tax system than we have because they have been consistent with it and it and it's imbued in every Ghanian that taxes must be paid for growth and development as against the lacuna we have here.

Student loans would be sustainable as it will become an independent fund soon just like the pension fund that many never believed it would work initially.....things like this are the things we need to ease the pains of the people,a robust consumer credit scheme is on the cards and coming up soon to help boost spending thereby boosting productivity,this are some measures put in place to reinflate the economy.

How many trucks do you think will come from Nigeria to sustain those countries. You think these guys are just poor beggar countries? Their standard of living trumps ours any day anytime. I have been to Togo, Ivory Coast, Ghana and Liberia so i know what i am saying. There is no way our fuel subsidizes these countries it is very miniscule walahi. The tax system of Ghana is robust, but the key ask is this why try to broaden a tax net on a population that has lost half of its purchasing power and is struggling to survive?
You don't do that, but rather in austerity there are tax cuts meant to stimulate production. where is your conscience to even support this. On the student loans, your comment shows that you are doing vibes and Insha Allah, hoping that it will become an independent fund how?

See my guy do not on the altar of favors defend rubbish and suspend your conscience.

Realtruth2023:
How many trucks do you think will come from Nigeria to sustain those countries. You think these guys are just poor beggar countries? Their standard of living trumps ours any day anytime. I have been to Togo, Ivory Coast, Ghana and Liberia so i know what i am saying. There is no way our fuel subsidizes these countries it is very miniscule walahi. The tax system of Ghana is robust, but the key ask is this why try to broaden a tax net on a population that has lost half of its purchasing power and is struggling to survive?
You don't do that, but rather in austerity there are tax cuts meant to stimulate production. where is your conscience to even support this. On the student loans, your comment shows that you are doing vibes and Insha Allah, hoping that it will become an independent fund how?

See my guy do not on the altar of favors defend rubbish and suspend your conscience.

What do you mean by hoping to be independent.....it's in the policy statement if Nelfund and that's the logical thing to do,many people were procrastinating about pension fund when it started and looks where we are today despite it being that's it's a fraction of the population that are benefitting from it.

The tax net in Nigeria as it is needs to be broadened and if you are following the tax reform policy,it seeks to capture loose funds in the hands of the rich while leaving out those down the ladder earning less.

Income taxes now have to be better streamlined and also vat to be removed from some essential goods....we can't get it all within a short period but we need to start from somewhere.....china didn't get to where is is today by driving rolls royces and range rovers with a GDP of less than $500bn,they had to roll up their sleeves and work to get where they are today.

Even if it's less than 10% of our petrol that goes out the border that's no problem but govt is saying they aren't subsidising that,if you want to use petrol pay for it simple,we aren't subsidising you anymore,i don't see anything wrong with that.