₦airaland Forum

DLifeless1:
What of an actual url address or link to any exported goods, that should be easy Now?

Penguin2:
The gain of subsidy removal and floating of the naira.

The problem we sensible Nigerians have with Tinubu is that he has failed to account for the money he’s saving from subsidy.

Unfortunately his unthinking supporters see us as enemies for demanding accountability from our (s)elected president.

Can you believe that?

Skydivine:
Chai, Igbo people get sense no be small. They have reduced importation to avoid story in this time.

Skydivine:
Your better be careful with what you wish for yourself.
You don’t want to be export dependent to the extent that anther country would hold your economy blokos, like US is doing to China right now.

Chevrolet076:
So what's the essence of borrowing when the surplus money are available to do what they need them to do? Why will Nigeria be sitting on trillions of naira but still go ahead to borrow?

Smithwilliams826:
Calculate that in dollar. And compare with all year from 2010

Ttalk:
When produce something valuable that can be consumed locally and internationally

Skydivine:
Chai, Igbo people get sense no be small. They have reduced importation to avoid story in this time.

Agbegbaorogboye:
So why is our currency still down and why do we still have high unemployment rate?

MoneyMan5:
The low value of our currency is also part of what's encouraging export.

Who will import goods from a country that their goods is expensive? That's how China took over most of the global market because of their dirt cheap goods because of the low value of their currency, today they are super power.


south Korea have stronger economy than Nigeria over a trillion dollar but their currency value is the same as that of Nigeria. Low currency value doesn't affect your purchasing power if your country economy is very strong like that of China and South Korea.

Penguin2:
The gain of subsidy removal and floating of the naira.

The problem we sensible Nigerians have with Tinubu is that he has failed to account for the money he’s saving from subsidy.

Unfortunately his unthinking supporters see us as enemies for demanding accountability from our (s)elected president.

Can you believe that?

Ijaya123:
Did china get to where she is now by engaging in massive importation?

ryloy:
https://x.com/StatiSense/status/1932834277684625701?t=qLbMFRrCMtDrytZ5wORe1A&s=19[/quote]Foolish fake statistic. What constitutes the trade surplus? What commodity?
Manufacturing no, industrialization no? Your crude tanker is pilled up on the sea. What gives Nigeria such huge amount? State them please.

ednut1:
Imports reduced because people can no longer afford things they used to import

mrkia:
El-Rufai, Baba Ahmed and obedient crew will never see this as an achievement even though that's one area where our major problem as a nation lies

harsysky:


Are you saying that a man kept his promise of reducing people's purchasing power?

VanuatuWycombe:
It’s a gradual process. Nigeria has gone sooo bad. We shouldn’t expect any fine economy in the next 6 years.
This new guy is just trying to lay a new foundation.
That fuel subsidy and fx regulation eras really affected Nigeria.

Our Northern brothers who ruled most were major culprit in this. They were trying to liken our economy with those of Arab nations where they spoil there citizens with everything, forgetting that those people don’t have our numbers. I don’t think they have up to 100million people in all Arab countries.

Northerners don’t want their wives to work, which could affect GDP. They believe in jelenke life and preach contentment.

It is in the North that you would see a 75-year old man selling kola nut whose value is not up to N1,000 and he would be contented.
My hats why they put the subsidy there and fix regulation so that life can be easy for people. That was what turned Nigerians to being lazy.

Western leaders saw this lapses and capitalized on it and started meddling in our political and economic landscape, ensuring that we don’t get it right.

If Tinubu had not removed that subsidy that was not budgeted for beyond May 2023, I wonder where he would have founded it because there was even no plan to borrow to pay for it. I guess he had discussed with Buhari not to budget for the borrowing, when he was handing over to Tinubu.

Can we stand what Arabs with more proven oil and gas reserves than Nigeria are doing for their citizens? No. We can’t.

Every Emirati who has reached 18 years of age gets a house (villa) or $540,000 (to build his or her dream house( from his or her government.

Male Emirati also gets around $19,000 when getting married for the first time, apart from other juicy th I have like free education, free healthcare etc.

I dont say we Nigerians don’t deserve such o but the economic and political foundations we laid really affected us while those Arab nations laid very solid economic and political foundations.

But the moment our northern brothers go there for either Haj or Umrah or vacation, they always en.vy those people’s life styles and love to replicate such among their people. Don’t forget most of those Northerners are offsprings of migrants from African Arab countries like Sudan, Chad, Niger, Mali, Eritrea etc.

This was what they practiced, especially from Shagari’s era till Abacha left the stage. Yar’adua continued it. Buhari also did it. That’s why anytime a southerner becomes president, North finds it difficult to cope because policies that a southern president would want to implement would look ‘anti-North’.

It’s easy to get bank loan as a civil servant in the North than being a staff if a private company. It’s because northerners believe you can’t be sacked by government. So their loan to you is secured. Where as, it is the other way round in the south.
You can use tinted glass and or even drive 1000 kilometers with expired drivers license in the North and no police will arrest you or extort you. They would rather encourage you to go and renew your license. They would even give you phone numbers of FRSC officers who could do the license for you.
The moment you are leaving North and coming down South, you would realize you are going into another part of the country with other ‘sets’ of rules and ideology.
Anything after Kogi State downward, you are on your own.
It now looks as if we have a country with two sets of rules.

So it is this double-edge way of living that won’t make us see the effect of what this present government is doing on time because a lot of cabals and Nigerians have really exploited this country.
Just be patient. I hope Balablu is able to lay the foundation well so that whoever is coming after him will build lasting super structure on it for Nigerians to enjoy.

It’s going to be a long journey.

Commentor:
Tinubu understands commerce and the economy.

Agbegbaorogboye:
You're blaming the north for the value of the naira and subsidy? How many northerners have cars and generators compared to southerners?
How many northerners are involved in importation and export compared to southerners

Chevrolet076:
Yet they're borrowing

updatechange:
Good, so naija my country can earn from export the point of having excess…
This is good, let’s keep the hope alive.

Commentor:
Tinubu understands commerce and the economy.

FreeStuffsNG:
All you naysayers, unpatriotic elements and tribal/ religious bigots, you ain't seen nothing yet!

Those of us who have been following him since Lagos West Senatorial District told you the stuff of Legends that Asiwaju is made of.

This is just one beginning. Nigeria will bless those who bless Nigeria and curse back those who curse our motherland.

Asiwaju is a Genius!

Max24:
Is America not borrowing? Has Nigeria borrowed up to America? Stop all these hatred and use your education.

updatechange:
Good, so naija my country can earn from export the point of having excess…
This is good, let’s keep the hope alive.

Agbegbaorogboye:
You're blaming the north for the value of the naira and subsidy? How many northerners have cars and generators compared to southerners?
How many northerners are involved in importation and export compared to southerners

ivandragon:
Good... but what does it really indicate, comparatively?

In the 1st quarter of 2014, Nigeria had a trade surplus of N2.4trn or about $11m...

https://www.tralac.org/news/article/6103-nigeria-s-shrinking-imports-data-show-policy-gaining-traction.html

So, this N5.2trn is equivalent to $3.2m...

It is left for Nigerians to decide if this is a good development or not.

Are we moving forward or backward...