₦airaland Forum

I don't think they should reverse the policies. What they should focus on is fiscal control and encouraging industries for export. With a good balance of trade, the naira should strengthen. Also they should devise ways to controlling food prices.

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

I wonder what gave Buhari and Emefiele such ludicrous idea of having two disparate exchange channels.

treesun:

..Says Nigerians impoverished, burdened by policies.





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

. This government makes Nigerians poorer while the rulers are enjoying.! We will wait for the at the gate !

Clueless

treesun:

..Says Nigerians impoverished, burdened by policies





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

LegendHero:
Subsidy is gone

They should instead request for more investment in agriculture so middle belt can produce enormous food and set themselves as the true food producers of the nation.

They should ask for more healthcare, better facilities, and etc.

Subsidy is gone!!

Produce enormous food at what rate and capacity? Do you know how much it cost a farmer to cultivate an acre of land this period? Do you even aware of the price of fertiliser that rose from around #6500 to almost 40k. Same apply to other chemicals and equipments needed at farms.

What is the point of subsidy removal when you have to increase the workers wage by more than double? What is the impact of subsidy removal on our humans and capital developments?

Fuel subsidy removal is not really the problem but that unnecessary floating policy. You don't float your currency when your economy is import dependency.

The only visible achievement of this needless policies is availability of money to pay back the loans, which add little or nothing to standard of living of an average Nigerian.

Hhmmm!! Facto!

Ringstonemasks:
In Tinubu's mind he is doing well and Nigerians are enjoying...

Sometimes it becomes very hard to see the bottom from the top. He doesn't know d implications of dix subsidy mata because those surrounding him are feeding him lies. U won't understand until u start working for a big or powerful man, almost everybody surrounding a big man doesn't av d loco to tell him d truth, as long as dey are benefiting.


I have worked as a P.A to a governor in d past, an aide to a senator, later a P.A to a former minister... and while living with these people i learnt how they are distanced from the reality of the common man.

Facts!!!

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.

One way or the other, Nigeria will prosper again! 🇳🇬

This is completely wrong

Propserity of countries is not measured by their budgets but by GDP, GDP per capaita, NI per capita and other similar indices.

Country A might use expansionary budgeting approach where such budgets are funded by loans ans other obligations while another country B may chose a conservative balanced budget approach where it spends just as much as it earns.

COMPAQ:
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.

twosquare:
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.

Have you heard the quote/proverb about the mosquito and the scrotum?

It loosely translates to when a mosquito lands on the scrotum, a man realises that there are better ways to resolve issues than violence.

If the political office holders were restricted to just thier salaries, I guarantee you, they would think outside the box to provide less masses destructive reforms.

But because they have insulated themselves from the fatal consequences of thier reforms, they say there is no other way.

Which political office holder uses CNG? Wike recently bought 80 vehicles for his cronies using state resources, how many of those vehicles were CNG powered?

Lastly, if you are a father, and you say there is no food and the children should fend for themselves. Would you be eating 3 Square sumptuous meals with your wife or would you deprive yourself and find a way to manage the resources pending when you can get your head above water?

The post below must be from one the fellows who only listenss to radio commentaries and dont use their brains.

You still have a dual exchange rate now. CBN is still subsidising the black market if you do not know.

ceejayluv:
I wonder what gave Buhari and Emefiele such ludicrous idea of having two disparate exchange channels.

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

we in the USA just voted out an administration with 4.3 % of unemployment rate and an inflation rate close to 4%. In Nigeria, inflation is over 30% and the unemployment rate is close to 40%., and you are saying that people should learn to live with it. Partner I hear you.

I read MBF and thought it was an important international body or something , imagine my disappointment when it turned out to be Middle Belt Forum, a forum of IDP's who fought on behalf of their Northern master's in the civil war and are reaping their just rewards.

Bentacur007:
God help us

Tinubu can reintroduce oil subsidies now that the country has local refineries working. The subsidies should be time-limited and based on the completion of the new electric power plants and the fixing of the nation grid (TCN)

Ringstonemasks:
In Tinubu's mind he is doing well and Nigerians are enjoying...

Sometimes it becomes very hard to see the bottom from the top. He doesn't know d implications of dix subsidy mata because those surrounding him are feeding him lies. U won't understand until u start working for a big or powerful man, almost everybody surrounding a big man doesn't av d loco to tell him d truth, as long as dey are benefiting.


I have worked as a P.A to a governor in d past, an aide to a senator, later a P.A to a former minister... and while living with these people i learnt how they are distanced from the reality of the common man.

But I'm NOT distanced. I read newspapers and the crap you folks spew on Nairaland. I couldn't be distanced even if I wanted to be

treesun:

..Says Nigerians impoverished, burdened by policies





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

don't you hear what MC OLOMO sun said, that they are not are not just controlling lagos but federal

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

Unfortunately, rather than live with the consequences, many will die of it.

DaddyCoool:
But I'm NOT distanced. I read newspapers and the crap you folks spew on Nairaland. I couldn't be distanced even if I wanted to be

You poor na. How can a poor you bw distant?

MajorOvakporaye:
Foolish Tinubu

useless tinubu.

The doomed dingBAT would not!

geoworldedu:
You poor na. How can a poor you bw distant?

I'm glad you think I'm poor. If you can only convince my people. They think everybody in government embezzles money and is rich!

Tinubu must pay you what you have show him especially when he was running from one country to another.

That shege you must receive it back

yemmit90:
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.

He wants the transformation to work by force

And he doesn’t know not many Nigerians will be fit enough to actually enjoy it if eventually it worked out

twosquare:
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.

Mumu … so the country has been prevented from collapsing by removing subsidy abi ?

How will you describe the state of the country at the moment?

I know you will say rubbish, because you Dey craze .

treesun:

..Says Nigerians impoverished, burdened by policies





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

Don't forget that impoverishment is a very effective tool to handicap and subjugate the masses.

DaddyCoool:
I'm glad you think I'm poor. If you can only convince my people. They think everybody in government embezzles money and is rich!

Taah. You are not in any government office. No be security officer you be?

geoworldedu:
Taah. You are not in any government office. No be security officer you be?

Honestly sometimes I wish I wasn't. I can just be rich without everybody thinking I stole the money.
I DID NOT STEAL ANY MONEY!!! And always trying to hide how rich I really am, I can sense their jealousy...

DaddyCoool:
Honestly sometimes I wish I wasn't. I can just be rich without everybody thinking I stole the money.
I DID NOT STEAL ANY MONEY!!! And always trying to hide how rich I really am, I can sense their jealousy...

Let me test if you are truly rich. Sama me small money to take confirm

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

what are the consequences?

is tinubu living with the consequences?

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Blazetrailer:
This is completely wrong

Propserity of countries is not measured by their budgets but by GDP, GDP per capaita, NI per capita and other similar indices.

Country A might use expansionary budgeting approach where such budgets are funded by loans ans other obligations while another country B may chose a conservative balanced budget approach where it spends just as much as it earns.

Fine, lets go to GDP. Sebi Nigeria has now dropped from number 1 to number 4, which is our normal position. We were only at number 1 because it was being propped up by an artificial overvalued currency.

If you've been to South Africa, you'll be wondering how Nigeria can have a bigger GDP. South Africa has 40,000MW of electricity powering auto manufacturing, diamond, gold and coal mining, robust tourism sector, largest banks on the continent, HQ of SHoprtite, MTN and many conglomerate businesses.

What does Nigeria have? A paltry 1.5mln barrels a day oil industry and Dangote Industries. Asides these two, what other industries do we have that are home grown? Maybe add Glo to that, but we all know Glo is struggling. And you really thought we had the largest economy?

And since you like per capita income, South Africa's is $6,200. Ours is like $1000.

'AND OPEN OUR BOARDERS' Please!