₦airaland Forum

Exceed15:
Let the poor breathe
E lo fokan bale etc
He has thrown another one to deceive fools who voted him.

Fix refineries and let them be functional then we'll know you have utilized the proceed well.

Thank You. The thieves are buying time towards 2027.

how much of it is going to their private pockets?

Good development.
We are appealing to the federal government to remember IBADAN, OYO,OGBOMOSHO TO ILORIN EXPRESS ROAD.
This ROAD project has been on construction since 2006 and not complete till now.
This ROAD is a very great important road that links Lagos, south west to the north of the country.
The situation around this road is very terrible and Nigerians are really suffering on this road.
Minister of works, Engr. Chief David Umahi should please help the people to start the process of turning this road into a safe and easy route to travel on.
God help us

I can bet this is propaganda.

CodeTemplarr:
Thank You. The thieves are buying time towards 2027.

I m telling u my dear brother.. Tinubu knows how to buy people's emotions.

APC governments; propaganda as usual, no tangible achievements or developments, that impacts on the well-being and welfare of the masses.
Very soon 4 years will elapsed and the next propaganda will start again, and the vicious circle of APC governments misrule will continue as usual.

EmperorCaesar:


Thats a whole lot!

This is what you get when you have an accountant on the helm of affairs

This was the plan all along. Its unreasonable to say the FG have been paying subsidy and that PBAT has no true plans in mind

This is an attestation report

God Bless Nigeria

There no atom of a plan in what Mr bayo ononuga announced,that they will invest trillions saved from subsidy in infrastructure development projects is Vague,which projects?which region?how much?impact to the masses?investing more funds in our refineries is not a plan from an accountant,they are endless money pots that are best scrapped and junked.
What Nigeria needs is a revolutionary plan like what FDR gave the Americans during the great depression,the new deal pulled america out of economic stagnation,that is what we need,not some childish and petty propaganda announcement

"N5.4 trillion saved" from (fuel) subsidy removal, but exchange rate as at today fell badly to N1717 to a dollar. If we are spending less on fuel importation and subsidy, shouldn't that improve our exchange rate significantly? Lying crooks.

DomPerignon:
That volume of cash is better off being removed from circulation to undo the fiat printing of Emefile.

We have #50 Trillion in cash floating out there with over 70% of that volume printed from thin air by Emefile & Sons Printing Press that was mismanaging our monetary policy in the CBN.

Get rid of that excess cash and see inflation come down fast.

I agree with you. There is far too much money out there.

They've tried raising interest rates and hasn't even dented the situation. However there is also a massive infrastructure deficit.

1. I would start with special courts for land matters and debt claims. ( I -2 day trials)

2. Then mop up the money

3. Then fast track consumer and business credit. Use 1 to give lenders confidence.

Credit will drive productivity and demand.

Hopefully.

But you know even I know this is simplistic.

What's your idea?

DomPerignon:
That volume of cash is better off being removed from circulation to undo the fiat printing of Emefile.

We have #50 Trillion in cash floating out there with over 70% of that volume printed from thin air by Emefile & Sons Printing Press that was mismanaging our monetary policy in the CBN.

Get rid of that excess cash and see inflation come down fast.

you don't understand economics,the results would have been like you said ,if the cause of the inflation in the first instance was due to Emefiele money, but unfortunately it is not so
You guys are so gullible you lash on every words of government, you can't differentiate propaganda

surgical:
you don't understand economics,the results would have been like you said ,if the cause of the inflation in the first instance was due to Emefiele money, but unfortunately it is not so
You guys are so gullible you lash on every words of government, you can't differentiate propaganda

The harsh reality is Emefile inflating the money supply through unregulated ways and means to the past government.

Too much money in circulation , translates to too much government debt . Too much government debt leads to inflation.

Emefile was hiding this under the regulated FX market . His cash swap policy was meant to mop up the excess naira in circulation.

These are facts.

5.4Tr in circulation or awaiting to be relooted. Anyway the policy sounds interesting but we need to see working.

iwaeda:
https://nairametrics.com/2024/11/11/presidency-directs-n5-4-trillion-subsidy-savings-toward-nationwide-development-initiatives/

Foolish talk. Which infrastructure ?
For dead people to use the infrastructure after they die of hunger or what ?

EmperorCaesar:


Thats a whole lot!

This is what you get when you have an accountant on the helm of affairs

This was the plan all along. Its unreasonable to say the FG have been paying subsidy and that PBAT has no true plans in mind

This is an attestation report

God Bless Nigeria

This one won't get tired of being deceived, same way they jubilated over the port harcourt refineries production commencement date . They kept shifting it until nothing was heard about it again. I wonder how you guys felt when same people said the turn around maintenance had failed.
Did you hear or read where Works minister umahi told the house that there's no money to repair federal roads nationwide? Where was this trillions of naira when he said this? Dey play.

All of u shouting it is a lie,na lamba,na story
Have any of u bothered to ask this questions

State governors - Monthly allocation from FAAC

Senators - constituency allowance

Ministers - ministry budget

Ask them where are the monies is going to??

abibun:
Are you pretending that you don't know that this administration has been printing money as they want?

as

This government is not printing any money. Instead they are struggling to mop it off circulation.

That's the reason for deregulating the FX window through floating of the naira.

The policy to float the naira was to mop up excess naira in circulation.

The reason this isn't working is because of laws that mandate the FG to share every revenue stream with state governors. The governors are the ones responsible for the naira crashing because they are the only ones with excess slush funds from subsidy removal and they are converting their loot to USD and stashing it abroad.

Think for a minute . Who in their right mind will bid for the dollar at such a high rate unless crooks wanting to launder their loot? No business can survive this high FX rate in the midst of growing poverty in Nigeria. Where is the market if you import goods at over #1,800 a dollar ?

The only class of people seeing the dollar crash are the thieving governors.

Let them loot as they want but tell them to stop putting pressure on our currency .

Nigerians act so naive most times... Expected at this stage is the opposition, activists and some NGOs to go about the monitoring of those funds. Raise alarm if they are being mismanaged or diverted... We should come together for the country not being here on social media & other media houses to lay down barrage of undocumented complaints and talking without actions. But since it is thief calling thief a thief... We might remain here for more time to come.

surgical:
you don't understand economics,the results would have been like you said ,if the cause of the inflation in the first instance was due to Emefiele money, but unfortunately it is not so
You guys are so gullible you lash on every words of government, you can't differentiate propaganda

We are still where we are because we have individuals who are converting their new found loot in the form of increased allocations to states as a result of subsidy removal to bid high against the naira.

Governors are the only culprit here and other highly placed government officials who see the FX as a means to store and convert their loot.

As long as governors continue to launder their loot to foriegn accounts, the naira will continue to crash.

Tell your governors to stop looting and if they won't beg them to invest and launder their loot instead in Nigeria.

After much yabbing. So them must Yab them wella..

After much yabbing. So them must Yab them wella before them do something. hmm na wa o

Atiku Abubakar put them on the edge

They have to throw an atomic load of lies

The job of releasing the lies is by the chief liar himself - oniro agba bayo

Their lickazz urchins on NL have to defend it

EmperorCaesar:


Thats a whole lot!

This is what you get when you have an accountant on the helm of affairs

This was the plan all along. Its unreasonable to say the FG have been paying subsidy and that PBAT has no true plans in mind

This is an attestation report

God Bless Nigeria

They have 5.4trilion they can't pay corpers
They can't fix dilapidated federal roads

gotnel:
Good development.
We are appealing to the federal government to remember IBADAN, OYO,OGBOMOSHO TO ILORIN EXPRESS ROAD.
This ROAD project has been on construction since 2006 and not complete till now.
This ROAD is a very great important road that links Lagos, south west to the north of the country.
The situation around this road is very terrible and Nigerians are really suffering on this road.
Minister of works, Engr. Chief David Umahi should please help the people to start the process of turning this road into a safe and easy route to travel on.
God help us

You voted buhari then tinubu

And you want them to repair road

The drum of blood they súck from that road isn't complete yet

You need the punishment o

EmperorCaesar:


Thats a whole lot!

This is what you get when you have an accountant on the helm of affairs

This was the plan all along. Its unreasonable to say the FG have been paying subsidy and that PBAT has no true plans in mind

This is an attestation report

God Bless Nigeria

did you read the report?

EmperorCaesar:


Thats a whole lot!

This is what you get when you have an accountant on the helm of affairs

This was the plan all along. Its unreasonable to say the FG have been paying subsidy and that PBAT has no true plans in mind

This is an attestation report

God Bless Nigeria

Zombie oh Zombieee any rubbish they give them will be swallow by them. Animalistic behaviour

If there were any savings, it was better they were deployed into achieving ONE THING. No need to spread the resources too thin.

I recommend the government focus solely on fixing power and then withdraw licenses from non-performing DISCOs, especially BEDC.

iwaeda:
https://nairametrics.com/2024/11/11/presidency-directs-n5-4-trillion-subsidy-savings-toward-nationwide-development-initiatives/

And u are borrowing Government of lies. Their Zombies will consume that one

iwaeda:
https://nairametrics.com/2024/11/11/presidency-directs-n5-4-trillion-subsidy-savings-toward-nationwide-development-initiatives/

. and many are dying of hunger! Which is more is more important between human development and cummunal development?

A national important issue on trillions saved is titled with Atiku's name.

This is petty.

Why should Onanuga take such a lowly road?

Let things of national importance remain national issues, not personal.

Nothing on ground. Useless government

Money being mentioned that does not exist. Money that would have been channeled to basic infastrucure nationwide. Ranging from affordable transportation system, adequate security, good health care services and good roads to bring about sustainable development. But nah they would rather channel the money to where we don't know.

Those seeking appointment in various ministry and organisation should attend interview in recogniseradio and media so they be gainfully employ in the career which they pursuit. Summit your CV to radio,television before interview