₦airaland Forum

Subsidy removal can remain but floating policy has to go and plan very well before re- introduce.

Reversal of floating policy alone can return everything to normal within a month.

wellmax:
Subsidy must go.

Double exchange rate regime must go.

Someone has to take this decision and BAT has done it. Let’s live with the consequences

Wicked!

May the consequences innocent nigerians may encounter be transferred to you and your generation forever

Rethink what exactly? The devaluation of Naira? He cannot re value the naira, we just found out that the Naira has no value, naira never had any values. They were just propping it up. Tifnubu can start subsidising petrol again but as for the naira that one will keep depreciating till the real value is found. Which might be in the end $1 to 5000 or more.

Lol... You should tell the rogues to rethink corruption and looting.

Retaining subsidy only makes a bad situation worse.

Subsidy removal won't also work because of the corruption and greed of those in charge.


You can't have a prosperous nation when those ruling it are CRIMINALS.

After all the hardship created by tinubu,he will still win 2027 election because Nigerians truly deserve the type of leaders that is ruling them.

Quick question guys.. if they reverse those two policy

Wll fuel come back to 175/ ltrs

Will dollars come back to 750 black market in naira?

Subsidy was really gone when Dangote came on stream. The floating of the Naira could have been managed better since we're a nation of import dependent.

All he should do is to increase wages (people are afraid of inflation) it's already here with us, while he cut the cost of governance.

The two we care for the future of the citizens.

Constantly pushing the Naira to the market will continue to expose Nigerians to poverty.

TrackerSK:
After all the hardship created by tinubu,he will still win 2027 election because Nigerians truly deserve the type of leaders that is ruling them.

At this point, it's beyond Nigerians tbh.

Tinubu now has the nation in his family pockets...!

Just like Lagos.

Only a blood and violent revolution or military coup can get him out of there.

He will complete his second term, and put his boy (whether from the North or anywhere) into that seat... Pending when Seyi's turn comes.

yemmit90:
Subsidy removal can remain but floating policy has to go and plan very well before re- introduce.

Reversal of floating policy alone can return everything to normal within a month.

Can dollars to naira get back tk 450 bank rate if reversed

Tinubu is a smart godfather.He is following IMF policy so that the money lender will continue to give him loans for him and his family to steal not that he want to reform nigeria economy.
Just watch how he will complete his eight (rigged)years with nothing to show with his reform but debts will accumulate for his incoming godson he will install to cover the skeleton in his cupboard

yemmit90:
Subsidy removal can remain but floating policy has to go and plan very well before re- introduce.

Reversal of floating policy alone can return everything to normal within a month.

If tinubu wasn't out for evil, you can't carry-out this burdening policies and leave out Restructuring

All the money squeezed from the citizens is held by the centre

That's foolish man you're advising out there

Tinubu House Commotion T-PAIN on the Beat!

?

You won't see those APC bastards here to defend Tinubu. Let's assume P.O is attached to it you will see them in their large numbers spitting pit toilet out of their mouth. Bunch of useless beings.

treesun:

..Says Nigerians impoverished, burdened by policies





https://www.vanguardngr.com/2024/11/mbf-to-tinubu-rethink-subsidy-removal-naira-devaluation/

The policies could have been done better, but those subsidies HAD to go!! Simply unsustainable. We are a poor country!

Most people who read this will say what about our oil riches...

How is South Africa with no oil able to have a budget of $133bln, while ours, even with our plenty oil is $32bln

Even Egypt that has never been know as an oil giant has a budget of N98bln

This oil has made us damn lazy for the last 40 years!! And while other countries have built industries in key areas that generate tax and export revenue...not to talk of tourism, Nigeria crossed its legs and went to sleep as the oil flowed.

Kaa4:
Subsidy was really gone when Dangote came on stream. The floating of the Naira could have been managed better since we're a nation of import dependent.

All he should do is to increase wages (people are afraid of inflation) it's already here with us, while he cut the cost of governance.

The two we care for the future of the citizens.

Constantly pushing the Naira to the market will continue to expose Nigerians to poverty.

He could change the allocation formula, tinker with the exclusive list

More vacancies will be opened in states, resources for states

wellmax:
Subsidy must go.

Double exchange rate regime must go.

Someone has to take this decision and BAT has done it. Let’s live with the consequences

And where has it lead us to because Saturday wey go sweet nah Friday we go take know. PBAT made a grave mistake by doing both at the wrong time. It doesn't make sense to float our currency when we producing nothing even our crude oil we can refine it here. And that of subsidy removal should have been implemented only when we have at least 2 functional refineries that serve 70-80% of our fuel consumption. PBAT only copied the IMF recommendations that was given to PMB which PMB the so called dumb guy didn't implement. The truth is Nigeria is going nowhere with this draconic and imperialist ideas from IMF

BigDawsNet:
Can dollars to naira get back tk 450 bank rate if reversed

Yes, even around #750 Buhari left it will return everything to normal including fuel price.

yemmit90:
Yes, even around #750 Buhari left it will return everything to normal including fuel price.

Then they should reverse it nah... atleast it will.ease the suffering in Nigerian

And this will restored the lost middle class in nigeria

Emilokan thinks with thinking let alone rethinking.

wellmax:
Subsidy must go.

Double exchange rate regime must go.

Someone has to take this decision and BAT has done it. Let’s live with the consequences

Even if you are not hungry, why not have empathy for others. Eventually government will reintroduce subsidies and manage the naira because you can’t put the cart before the horse. FG can’t keep disregarding this pressure

Rethink ke! This guy is very arrogant now!
Total misconception of what leadership is!

Bat would not.

Why would he?


He is not affected by the hardship caused by his policies, so he is not concerned. What is important to him is having more money to loot for himself and cronies.

His feeding, transportation, medical bills, utility bills etc are all FULLY subsidised by the government. The man has essentially been living off state resources for the past 20+ years. He has been able to corner state resources to himself.

So, bat does not care because the hardship does not touch him.

BigDawsNet:
Then they should reverse it nah... atleast it will.ease the suffering in Nigerian

And this will restored the lost middle class in nigeria

Exactly 💯. I could remember the time CBN do wuruwuru tactic to bring dollar down to #1000, a bag of rice drop down to 52k/56k within 2 weeks despite the activities of greedy sellers. Imaging if it come down to around #750, a bag of rice should be around 40k. Same thing will happen to every single product in the markets. Petrol will never pass #500 at this exchange rate. Aside this, those Northern merchants who prefer to sell their farm produce to Neighbouring countries for more profit would rather sell it in Nigeria as our currency would be stronger than theirs. This will equally make other stable food extremely more cheaper. Imported products including cars price will significantly dropped. Cost of doing business will come down, making it more desirable for many to establish businesses.

But the arrogant Tinubu don't want to listen to our pains.

Dey play,Eni ti won ti ge l'eti lo

Federalis:
Me I have been thinking out aloud. If life was much better before subsidy removal, and Tinubu's tenure. Then why not go back to it, if that will be much better, and improve lives. Since the current government don't know how to handle the removal of subsidy and use it positively, until a government who is able to do so, comes into power.

He needs the money saved at the expense of the people for his frivolities, humanity does not matter to him,tò him it is money money money, that is the difference between him and his predecessors, they have some humanity in them, but Tinubu is behaving like the cartel people very greedy and heartless

shortgun:
Nigerians are no longer interested in Tinubu's reform or his renewal of hope. Nigerians want Tinubu to take them back to where he met them.
We don't want Tinubu's economic strategy where suffering is the requirement for prosperity

The scammer only made the subsidy is gone scam to launch a bigger subsidy scam

Nigerians go pay for the 2015 mistake for 24yrs its becoming clearer now😁😁

May the strongest survive.

Sorry, but the country was at the precipe of collapse. Also, saying doing CNG first before subsidy removal will take time and not be able to salvage the situation. And we know how Nigerians behave. Even now how many have embraced it with all kinds of non-provable theories.