₦airaland Forum

darezeezleke:
Well spoken !

Kudos to Mr. Oyedele for doing the hard job.

To those thinking otherwise, are you sure that y'all are okay with our future
being mortgaged for subsidy sake?

It's a hard road, but we gotta do it

Have you done a Simulation of the new tax law on your monthly income? i don't think you have, because if you have done it, you will see the stealth mode these people have used to increase the tax for salary earners and vat

lexy2014:
who are the brilliant minds?

how has tinubu succeeded so far?

is this the result of the brilliance and success in the screenshots?

also find below the reason for fuel subsidy removal

Correct!!! These online rascals think we are fools. One of the prerequisite for a world bank loan is removal of subsidies. We just allow these Western loan sharks to strangle our economies. Whereas in the West, they have subsidies. China defends their currency wella, that is why their exports are cheap.

Olaide1295:
They keep repeating this news to make us dislike Oyedele.
But anyone who listens to his speech would see sense in it.

Oga there is no sense in it. Stop being dense, in developed economies there is subsidies. These come as social welfare

bewisemasses:
Kindly respond to Ojuntana's intelligent and thought provoking post. Its just 2 comments above yours. Leave this trivial banter. Anticipate ur smart response as a protagonist of this govt. Thanks

if that guy responds to you, make i bend.

It is well

Ojuntana:
First of all, it is deeply concerning the change in rhetoric that occurs when the teeth of otherwise intelligent and resourceful professional are set on corn. The kind of gibberish that starts to flow is a sign that the corn being offered on a platter is indeed of the fermented stock. It intoxicates the gobbler with a resultant effect that's comparable with that of the famed 40 year whiskey.

That said, I find it insulting to Nigerians and their hardwork and intelligence when people make this silly narratives of fake life or window-dressed realities. This is more so when the people who make these kind of condescending statements are those who have benefited maximally from the society and have not ploughed back what can be said to be commensurate with what they've accrued for themselves from the proverbial cake.

Imagine a situation where a man who after enjoying the benefits of the high office of governor, and while leaving office makes a law that enables him to continue to enjoy the perks of that same office perpetually as if he were still an occupant.

Not only that, choice properties are allocated to him by him. He then turns around to accuse others of living a fake life.

Ditto this particular case as well. A man who was called to rewrite tax laws which will ensure more money goes to the political elites to fund their excesses and lifestyle both in and out of office turns round to accuse others of window dressing their realities.

I make bold to say Nigerians are among the most deprived yet hopeful and hardworking on the surface of the earth.

The average Nigerian has no social infrastructure or welfare system to fall back on in time of crisis save for a strong family structure.

The average Nigerian farmer works with the least of tools. Yet he's been asked to produce crops to feed the populace and export as well.

The average mechanic works with the basic of tools.
Yet he's expected to drive innovation in technology.

Same for the average carpenter bricklayer, tailor etc. No program to empower such hardworking Nigerians exist.

Rather, they are dumped on the lowest rung of the ladder and left alone to climb or drown while getting talked down on if they ask for a reprieve.

The UK spends 25% of its budget on social welfare and infrastructure. In countries like Saudi which are oil producing like Nigeria, home ownership is a right.

Shall we speak of countries like Norway where unemployment benefits sometimes exceed employment income for the citizens.

Nigerian leaders and elites are among the most corrupt and wasteful in the world. Yet, they hardly take responsibility for how the country has turned out on their watch. They are a bunch of greedy taskmasters who believe in being unquestionable and unquestioned.

One day na one day sha

God bless you. You have said everything

Rilwayne001:
Now compare Nigeria population and GdP to the population and GDP of the countries you mentioned.

Compare their laws and political structure with that of Nigeria. You people are just wicked, supporting these thieves in power.

The same people who fought against subsidy removal have now woken up to realistically understand that Goodluck Jonathan economic team led by Ngozi Okonjo iweala was farsighted and right in their decision to remove subsidy 12 years ago.

Fujiyama:
The man made a few good points...but only a few.

His comparison of Nigeria's morbidly corpulent public sector employees to USA public sector workers was a disaster. It isn't just the number of employees - its the drain they place on the public purse.

Instead of laying the blame squarely on Nigeria's political/business elite - and their sustained attacks on our weak institutions, Oyedele keeps justifying subsidy removal - as if it is a silver bullet.

The man and his principal BAT just caved in to powerful, vested interests that have severely watered down BAT's so called 'tax reform' and left it for dead. Where is the courage to take on those interests?

Window dressed realities indeed.

And now that subsidy has been removed, what happens next? How much have been saved?what did they use then , and

Whao! Suddenly these wicked souls now have dejavu of opposing subsidy removal in 2012? Thunder fire all of una.

Oh shut up and deliver on your tax reforms.

You employer fought against the removal of subsidy when he was in the opposition party.. Today you are praising him for doing what was necessary albeit in a brute manner.

If the party in power was different, you'd be wailing and your employer would be on the streets of Ojota protesting

EmperorCaesar:
Thats not the point. This is 2025,not 2012

Hes spoken well

PBAT sure surrounds himself with brilliant mind , why wouldnt he succeed?

A new Nigeria is born under Tinubu

Wailers are allowed to gnash their teeth. Its a fundamental human right

where is the brilliance,certainly not in the results we are seeing
All those imaginary eldorado is only in the heads of the propagandist,when we see we believe the taste of the pudding is in the eating
We know good governance when we see one,not this balablu one,full of deceit and lies

Propagandists trying so hard to justify the impoverishment of Naigeerians.


Who implemented the subsidies in the first place? It is not Naigeerians. So why are Naigerians suffering the removal of it?

Corrupt Naigerrian politicians who applied the subsidy are not even suffering the subsidy removal. Isn't it bizzare?

EmperorCaesar:
Thats not the point. This is 2025,not 2012

Hes spoken well

PBAT sure surrounds himself with brilliant mind , why wouldnt he succeed?

A new Nigeria is born under Tinubu

Wailers are allowed to gnash their teeth. Its a fundamental human right

All these sons of whores may it never be well with you and your offspringes

O serious

Irony1:
Compare their laws and political structure with that of Nigeria. You people are just wicked, supporting these thieves in power.

What political system would you suggest for Nigeria?

Ojuntana:
First of all, it is deeply concerning the change in rhetoric that occurs when the teeth of otherwise intelligent and resourceful professional are set on corn. The kind of gibberish that starts to flow is a sign that the corn being offered on a platter is indeed of the fermented stock. It intoxicates the gobbler with a resultant effect that's comparable with that of the famed 40 year whiskey.

That said, I find it insulting to Nigerians and their hardwork and intelligence when people make this silly narratives of fake life or window-dressed realities. This is more so when the people who make these kind of condescending statements are those who have benefited maximally from the society and have not ploughed back what can be said to be commensurate with what they've accrued for themselves from the proverbial cake.

Imagine a situation where a man who after enjoying the benefits of the high office of governor, and while leaving office makes a law that enables him to continue to enjoy the perks of that same office perpetually as if he were still an occupant.

Not only that, choice properties are allocated to him by him. He then turns around to accuse others of living a fake life.

Ditto this particular case as well. A man who was called to rewrite tax laws which will ensure more money goes to the political elites to fund their excesses and lifestyle both in and out of office turns round to accuse others of window dressing their realities.

I make bold to say Nigerians are among the most deprived yet hopeful and hardworking on the surface of the earth.

The average Nigerian has no social infrastructure or welfare system to fall back on in time of crisis save for a strong family structure.

The average Nigerian farmer works with the least of tools. Yet he's been asked to produce crops to feed the populace and export as well.

The average mechanic works with the basic of tools.
Yet he's expected to drive innovation in technology.

Same for the average carpenter bricklayer, tailor etc. No program to empower such hardworking Nigerians exist.

Rather, they are dumped on the lowest rung of the ladder and left alone to climb or drown while getting talked down on if they ask for a reprieve.

The UK spends 25% of its budget on social welfare and infrastructure. In countries like Saudi which are oil producing like Nigeria, home ownership is a right.

Shall we speak of countries like Norway where unemployment benefits sometimes exceed employment income for the citizens.

Nigerian leaders and elites are among the most corrupt and wasteful in the world. Yet, they hardly take responsibility for how the country has turned out on their watch. They are a bunch of greedy taskmasters who believe in being unquestionable and unquestioned.

One day na one day sha

Yes I agree with you concerning the high rate of corruption and mismanagement by the political class but have you considered the effect of population. The rate of growth of our population is higher than our GDP rate. It's an untouchable issue because touching it will bring several attacks.

Olaide1295:
They keep repeating this news to make us dislike Oyedele.
But anyone who listens to his speech would see sense in it.

So , it didn't make sense in 2012?

Bullet4thiefnub:
Suddenly they realized this , same anti subsidy removal rioters during GEJ era

GEJ that can't control his ministers. He wanted to remove petroleum subsidy and retain fx and electricity subsidy. It's like locking up one door and allowing multiple doors open to milk away what you saved. With all the sophistication of okonjo-iwuala she did remember the impact of our archaic tax laws on our economy.

Ojuntana:
First of all, it is deeply concerning the change in rhetoric that occurs when the teeth of otherwise intelligent and resourceful professional are set on corn. The kind of gibberish that starts to flow is a sign that the corn being offered on a platter is indeed of the fermented stock. It intoxicates the gobbler with a resultant effect that's comparable with that of the famed 40 year whiskey.

That said, I find it insulting to Nigerians and their hardwork and intelligence when people make this silly narratives of fake life or window-dressed realities. This is more so when the people who make these kind of condescending statements are those who have benefited maximally from the society and have not ploughed back what can be said to be commensurate with what they've accrued for themselves from the proverbial cake.

Imagine a situation where a man who after enjoying the benefits of the high office of governor, and while leaving office makes a law that enables him to continue to enjoy the perks of that same office perpetually as if he were still an occupant.

Not only that, choice properties are allocated to him by him. He then turns around to accuse others of living a fake life.

Ditto this particular case as well. A man who was called to rewrite tax laws which will ensure more money goes to the political elites to fund their excesses and lifestyle both in and out of office turns round to accuse others of window dressing their realities.

I make bold to say Nigerians are among the most deprived yet hopeful and hardworking on the surface of the earth.

The average Nigerian has no social infrastructure or welfare system to fall back on in time of crisis save for a strong family structure.

The average Nigerian farmer works with the least of tools. Yet he's been asked to produce crops to feed the populace and export as well.

The average mechanic works with the basic of tools.
Yet he's expected to drive innovation in technology.

Same for the average carpenter bricklayer, tailor etc. No program to empower such hardworking Nigerians exist.

Rather, they are dumped on the lowest rung of the ladder and left alone to climb or drown while getting talked down on if they ask for a reprieve.

The UK spends 25% of its budget on social welfare and infrastructure. In countries like Saudi which are oil producing like Nigeria, home ownership is a right.

Shall we speak of countries like Norway where unemployment benefits sometimes exceed employment income for the citizens.

Nigerian leaders and elites are among the most corrupt and wasteful in the world. Yet, they hardly take responsibility for how the country has turned out on their watch. They are a bunch of greedy taskmasters who believe in being unquestionable and unquestioned.

One day na one day sha

The UK has a productive economy with an annual budget of $700 billion for a population of 67 million.

Nigeria cannot even feed people, resulting in food imports.

The country's budget of $30 billion for 220 million is shocking. Yet, you want the government to continue borrowing from Eurobond at 8% to fund fuel imports of over $10 billion annually and protect the Naira by spending $1.5 per month.

Nigeria must face the reality that 25 years of democracy have failed due to consecutive governments' failure to outline an industrial strategy. Removing Fuel Subsidies and FX is the right decision; now, Nigeria must leverage its oil and gas resources to build a petrochemical and energy industry and increase food production.

The average Nigerian has no social infrastructure or welfare system to fall back on in time of crisis save for a strong family structure.

The average Nigerian can start having fewer offspring, which places a strain on the social infrastructure, educating their children and using the street to protest instead of being priasing as corrupt politicians.

Ojuntana:
https://nairametrics.com/2025/01/19/nigerians-lived-in-window-dressed-realities-before-subsidy-removal-oyedele/

Hypocrite
When GEJ wanted to remove the subsidy apc fought against it .

EmperorCaesar:
Thats not the point. This is 2025,not 2012

Hes spoken well

PBAT sure surrounds himself with brilliant mind , why wouldnt he succeed?

A new Nigeria is born under Tinubu

Wailers are allowed to gnash their teeth. Its a fundamental human right

wow, hhhhhm, many of you who supposed to be in hospital bed, are here on nairaland, you and your sick comment are not different from each other, ewure adugbo mii

Rilwayne001:
Now compare Nigeria population and GdP to the population and GDP of the countries you mentioned.

There is no relationship between GDP and population and social benefits and infrastructure. The UK is a capitalist economy yet it still understands the need for social benefits. The Chinese are communists while they still have a strong social infrastructure system. The Saudis are a monarchy as well.
GDP does not determine ability to take care of the vulnerable and the poor.

Wickedness of all times.

Wicked people everywhere.

Very heartless people roaming to unleash hardship

Irony1:
Oga there is no sense in it. Stop being dense, in developed economies there is subsidies. These come as social welfare

Learn to make your point without insulting others. You don’t have a monopoly over insults.
Now, give an example of a developed economy that subsidises consumption on imported goods

Olaide1295:
Learn to make your point without insulting others. You don’t have a monopoly over insults.
Now, give an example of a developed economy that subsidises consumption on imported goods

Oga subsidies can be in any form. It could be agricultural subsidies or Energy subsidies. it is up to the government to decide where to subsidize based on the pain points of the citizens. Show me which imported goods apart from petrol that we subsidize? The real kicker is the subsidy can be handled and worked upon well to make corruption difficult.

So this idiot's yardstick is that Nigerians can afford 1000 petrol and pay increased tarrif on everything

I dont blame him because he has to kiss buttocks

And Nigerians are docile, I dare even say Nigerians have been captured and hypnotized

No other citizen in any other country will allow this continue, non!!

Last time Nigerians protested and refused to go to work, govt introduced no work no pay, Doctors and nurses strike, a few of them were fired! Why won't everyone struggle to buy petrol in the bid to get to work even if it's public transport

Smh

Tolu2024:
Hypocrite
When GEJ wanted to remove the subsidy apc fought against it .

Falana, Sowore and many others opposed the removal of oil subsidies despite a lengthy debate and discussions that included the brilliant Sanusi and Iwealla, who argued for the removal of fuel subsidies and the likes of NLC, Falana, Sowere, Oshimole, and Senator Ben Murray-Bruce that supported keeping fuel subsidies.

GEJ was a weak president who couldn't back his ministers and backed down because he was more interested in being re-elected in 2015. We lost an opportunity to get the country on track.

sulaak:
The UK has a productive economy with an annual budget of $700 billion for a population of 67 million.

Nigeria cannot even feed people, resulting in food imports.

The country's budget of $30 billion for 220 million is shocking. Yet, you want the government to continue borrowing from Eurobond at 8% to fund fuel imports of over $10 billion annually and protect the Naira by spending $1.5 per month.

Nigeria must face the reality that 25 years of democracy have failed due to consecutive governments' failure to outline an industrial strategy. Removing Fuel Subsidies and FX is the right decision; now, Nigeria must leverage its oil and gas resources to build a petrochemical and energy industry and increase food production.



The average Nigerian can start having fewer offspring, which places a strain on the social infrastructure, educating their children and using the street to protest instead of being priasing as corrupt politicians.

Where did you get the figure of $10bn borrowing annually for subsidy from? Add to that $18bn annually for forex? Are you sure? Where is Nigeria able to borrow $28bn annually from? I expect you're the lender not so?

Nigeria's lack of financial muscle is due to the corruption of the elites not the unproductivity of the average Nigerian. A study by Chatham House in 2019 found that $582bn has been lost to corruption and mismanagement of Nigeria since indpendence. If that amount alone was saved in a Sovereing Wealth Fund like other resource rich nations do, at 10% returns per annum will easily yield $50bn for us.

Having fewer offspring is not a cure for economic and social malaise. The reason why most Western countries became immigration friendly is due to declining birth rates. It also affects productivity and economic growth in the long run when you have a massive ageing population. You need to put your population to work. That's what countries like China and India are doing not whining about them.

EmperorCaesar:
Thats not the point. This is 2025,not 2012

Hes spoken well

PBAT sure surrounds himself with brilliant mind , why wouldnt he succeed?

A new Nigeria is born under Tinubu

Wailers are allowed to gnash their teeth. Its a fundamental human right

I thought Helinues and Yarimo were the only jobless ones on here until I start seeing you in all thread and the way you defend this Apc evil govt makes me to believe that you are highly irresponsible

Olaide1295:

Learn to make your point without insulting others. You don’t have a monopoly over insults.
Now, give an example of a developed economy that subsidises consumption on imported goods

Irony1:
Oga subsidies can be in any form. It could be agricultural subsidies or Energy subsidies. it is up to the government to decide where to subsidize based on the pain points of the citizens. Show me which imported goods apart from petrol that we subsidize? The real kicker is the subsidy can be handled and worked upon well to make corruption difficult.

Oga stop ranting and answer the above question; please provide a list of countries that subsidise consumption over production or borrow (acquire debt) to subsidise a product they can produce.

Nigeria now spends $15 billion per annum paying the interest on debts acquired by the previous governments $10 billion by GEJ and $41 billion by Buhari. How do you expect the government to continue funding fuel subsidies, FX control and debt repayments?

sulaak:
Oga stop ranting and answer the above question; please provide a list of countries that subsidise consumption over production or borrow (acquire debt) to subsidise a product they can produce.

Nigeria now spends $15 billion per annum paying the interest on debts acquired by the previous governments $10 billion by GEJ and $41 billion by Buhari. How do you expect the government to continue funding fuel subsidies, FX control and debt repayments?

once again try and have sense. Subsidy can be in any form, you guys are so desperate to sell a narrative, that you try to shut out any comment that is against what you want.