₦airaland Forum

South South go offer akpabio then north could offer shettima the cycle continues till Nigeria collapses.

emmanuelbrown26:
Trust those betrayals at ur own risk. This is d best yorubas could offer, north offered buhari, yorubas offered tinibu, we dey count d scor s as en dey go

Expect Helinues, Yarimo, Seunmsg, MTNNEWS, FreeStuffsNG and other APC dingbats to avoid threads like this

Closed Session for what exactly?

waveman2:
South South go offer akpabio then north could offer shettima the cycle continues till Nigeria collapses.

😀😀😀😀😀😀😀😀😀

Another suspension loading for senator that's the country we find ourselves

docdes:
Who else thinks that Wale Edun's response shows he's trying to hide the truth in a heap of gibberish?

Doesn't make sense at all.

BlueRayDick:
The senator asked very reasonable questions which I believe most citizens would like to know the answers to, but look at the Minister requesting for them to discuss the questions in private. Can you just imagine?

What are they hiding? Is the finance of a country not something that should be public knowledge? If the finance Minister is there and the minister for budget is also present, why can't they just provide answers to those questions on camera and let every member of the public have an idea of how the government has spent the money saved from the so called subsidy removal?

How can u be running the finance of a country as big as Nigeria without transparency?

I am not a fan of Tinubu government, but Wale Edun just saved the senator from educating him in the public.

If you know how budget and Govt. financial figures work, there is no specific figure/amount that is saved from subsidy removal because there was no budget for it in the 1st place and there is no money generating account for subsidy. The minister can only project what could have been budgeted and spent on subsidy, but since it has been removed, it means money that could have been budgeted and spent on subsidy was budgeted and spent on other government expenditures.

So the question the senator asked is a little dumb in the way he asked it.

This is what happens when you run a govt on lies and propaganda

The truth is that no savings were made, they were even paying more subsidies secretly even more than Buhari paid in 8 years

floating the naira after removing fuel subsidy did Tinubu dirty, they had to return subsidy, if not fuel for reach N2500/ltr

instead of coming out to tell everyone that the policy isn't working, they kept lying to their ancestors

BlueRayDick:
The senator asked very reasonable questions which I believe most citizens would like to know the answers to, but look at the Minister requesting for them to discuss the questions in private. Can you just imagine?

What are they hiding? Is the finance of a country not something that should be public knowledge? If the finance Minister is there and the minister for budget is also present, why can't they just provide answers to those questions on camera and let every member of the public have an idea of how the government has spent the money saved from the so called subsidy removal?

How can u be running the finance of a country as big as Nigeria without transparency?

It is not a reasonable question because Nigeria borrowed to fund fuel subsidies and FX control. The savings are that the country is not increasing debt to finance fuel subsidies, but Nigeria is now using debt to pay old debt.

The better question is why there isn't any fiscal reform, cut in government spending, or cut in wastage such as funds wasted on travelling, private jets, bloated government, budget padding and housing.

Nigeria need better opposition politicians.

Lovit:
This is what happens when you run a govt on lies and propaganda

The truth is that no savings were made, they were even paying more subsidies secretly even more than Buhari paid in 8 years

floating the naira after removing fuel subsidy did Tinubu dirty, they had to return subsidy, if not fuel for reach N2500/ltr

instead of coming out to tell everyone that the policy isn't working, they kept lying to their ancestors

That is true.

FX control shouldn't have been removed.

waveman2:
South South go offer akpabio then north could offer shettima the cycle continues till Nigeria collapses.

Jokers.

Akpabio was far better than peter obi as governor.

Akpabio accomplishment and testament as governor still bear him witness till today.

zero8zero:
Illiterate ipob, go school you no gree.

Yoro Muslim, defending Tinubu

ObaIgwe1:
I am not a fan of Tinubu government, but Wale Edun just saved the senator from educating him in the public.

If you know how budget and Govt. financial figures work, there is no specific figure/amount that is saved from subsidy removal because there was no budget for it in the 1st place and there is no money generating account for subsidy. The minister can only project what could have been budgeted and spent on subsidy, but since it has been removed, it means money that could have been budgeted and spent on subsidy was budgeted and spent on other government expenditures.

So the question the senator asked is a little dumb in the way he asked it.

If it's this simple as u have mentioned here, why can't Wale Edun repeat same in the presence of everyone seated?

Do u honestly this is something he needs to say behind closed doors? Couldn't he have just said this is the amount we projected for this year's subsidy and that same amount has been added to the budget?

U sef reason am.

Lovit:
This is what happens when you run a govt on lies and propaganda

The truth is that no savings were made, they were even paying more subsidies secretly even more than Buhari paid in 8 years

floating the naira after removing fuel subsidy did Tinubu dirty, they had to return subsidy, if not fuel for reach N2500/ltr

instead of coming out to tell everyone that the policy isn't working, they kept lying to their ancestors

Where did you want govt to get the funds to back the dollar.

Or you thought it free.

IMF advised them to stop paying subsidies that provide their poor citizens some relief so they can collect loan. Now the money saved is used in paying IMF & World Bank loan and they fell for it.

sulaak:
It is not a reasonable question because Nigeria borrowed to fund fuel subsidies and FX control. The savings are that the country is not increasing debt to finance fuel subsidies, but Nigeria is now using debt to pay old debt.

The better question is why there isn't any fiscal reform, cut in government spending, or cut in wastage such as funds wasted on travelling, private jets, bloated government, budget padding and housing.

Nigeria need better opposition politicians.

It is a reasonable question because just November 2024 here Wale Edun was quoted as saying the government has saved as much as $20bn on subsidy removal and floating of naira . It is ideal for the senator to ask how that fund has been spent thus far.

When the minister gives an update on that then we can start looking at whether the funds saved was equitably spent or whether it was spent on frivolities as usual. There is nothing stopping anybody to tackle the government heads-on over its bloated cabinet, unnecessary foreign travelling expenses , etc., but we also demand to know how the money not spent on subsidy was spent.

At least we all know whether they pay subsidy or not, the government will still spend money on those aforementioned frivolities.

garykoeman:
Where did you want govt to get the funds to back the dollar.

Or you thought it free.

I got you, make it easy for govt and then impoverish the people

More money in the hands of govt has never translated to good livelihood for the people of Nigeria

Even if you aren't feeling the heat, your people are.

give a thought for them.

Big question no one wants to answer
He turned and started giving bogus subsidies to power, all of which the infrastructure was built with Nigerian public money

They also started phantom over valued projects liike the coastal road awarded at over 1trillion naira while half of the roads nationwide are decrepit

who is the docile senate minority leader ?

see how useless pdp have become .

Lovit:
I got you, make it easy for govt and then impoverish the people

More money in the hands of govt has never translated to good livelihood for the people of Nigeria

Even if you aren't feeling the heat, your people are.

give a thought for them.

Subsidy for fuel and dollar have always being beneficial to the few influencial people in the country.

But what has it translated for the citizenry In particular and country atlarge in terms of development and infrastructure,Nothing.

Fuel subsidy and dollar has been a policy implemented by all past Nigeria leaders e.g millitary & civilian.

where has it lead the country to. Debt and more debt.

Racoon:
https://www.premiumtimesng.com/news/more-news/765945-senator-queries-tinubus-economic-team-on-proceeds-from-fuel-subsidy-removal.html

See 419 at the highest level and they are deceiving Ponus that Nigeria will get better. U are hiding national issue

Racoon:
https://www.premiumtimesng.com/news/more-news/765945-senator-queries-tinubus-economic-team-on-proceeds-from-fuel-subsidy-removal.html

is this not criminality? Hiding the gain of subsidy removal

Why should the minister ask for a closed door session if the government has nothing to hide? These are the people trying to force down tax reforms down the throats of Nigerians.

Corrupt 1diots.

free2ryhme:
Senator Ningi’s grilling of the government’s economic team might seem like he’s standing up for accountability, but let’s be real—it’s hard to trust any politician. If he were getting "juicy kickbacks" or aligned with the ruling party, would he still ask these tough questions? Always question their motives, no matter which party they belong to.

Let him get juicy position first Mumu. U Ponus have been programmed to defend rubbish

garykoeman:
Subsidy for fuel and dollar have always being beneficial to the few influencial people in the country.

But what has it translated for the citizenry In particular and country atlarge in terms of development and infrastructure,Nothing.

Fuel subsidy and dollar has been a policy implemented by all past Nigeria leaders e.g millitary & civilian.

where has it lead the country to. Debt and more debt.

where has the removal led us now?

why not get the few influential people prosecuted? are they stronger and more powerful than govt?

what does an average Nigerian benefit from the govt?

we provide our security, generate our electricity, repair our streets, pay for our children's education and buy food at exorbitant prices

Tell me one thing an average Nigerian is benefitting from Tinubu's govt

BlueRayDick:
If it's this simple as u have mentioned here, why can't Wale Edun repeat same in the presence of everyone seated?

Do u honestly this is something he needs to say behind closed doors? Couldn't he have just said this is the amount we projected for this year's subsidy and that same amount has been added to the budget?

U sef reason am.

Because he no wan embarrass the senator say he dey ask mumu question in the public na.

ClassicMan202:
They want to discuss how our money is been spent, and want to discuss it behind closed doors.... Sakamanje




Is his duty to protect the governors or to manage the economy?

Let him explain how much was saved and how it was spent.

Ask your Governor how much has collected?

ObaIgwe1:
Because he no wan embarrass the senator say he dey ask mumu question in the public na.

This excuse holds no water at all.

What is embarrassing about telling him that the money that ought to be budgeted for subsidy payment has been channeled to so so and so poject ?

Did the senator not ask the question in public? Why give the answer in private if it is that simple?

They talk about proceeds from subsidy as if someone is going to give them is it not that the expenditure line becomes redundant. Ie money is used for other purposes excluding subsidy.

Racoon:
Just imagine! Same minister whose government said about #15T will be used to service debts in the current fiscal year? Bunch of illiterates in government.

My point exactly

ObaIgwe1:
Because he no wan embarrass the senator say he dey ask mumu question in the public na.

Obrii will never be president....lol

See them....

Some of the Senator’s questions were unintelligent and showed a lack of understanding. If the Senator does not have a finance background or only secondary school certificate that might be understandable.

The Minister did not want to embarrass him in a public forum.

ivandragon:
Why should the minister ask for a closed door session if the government has nothing to hide? These are the people trying to force down tax reforms down the throats of Nigerians.

Corrupt 1diots.