₦airaland Forum

GodHimself:
Cash transfers... How much and for how long?

They want to drain what you are saving from subsidy removal through another channel, that’s if you are saving


Pure chess, pure mind game

Skooltynz:
Shut up IMF !
You are part of the problem

So how is IMF part of the problem? You want to start blaming external body?

treesun:
https://punchng.com/imf-asks-fg-to-protect-poor-citizens/

Same IMF that gives shylock loans to cripple 3rd world countries and support despotic leaders like Tinubu?

More like a snake asking for its own victim to be given a cup of water! F you, IMF. F you

OMF help us loud it to their hearing
True true the hardship is real
People find it easy tow to commit suicide now than to live
Brothers killing each other because of ordinary mango
Husband and wife pestling each other over the last piece of yam in the house

So if IMF doesn't tell the puppet, he doesn't know that the poor have to be protected?!

Anyway, as we are all poor now... What will he do... IMF is telling him what he told others... Let the poor breeeeffff

Skooltynz:
Shut up IMF !
You are part of the problem

Major cause shedding crocodile's tears!
Deceivers!

treesun:
https://punchng.com/imf-asks-fg-to-protect-poor-citizens/

when it's the IMF policies that are making everyone poor in the first place.

Sheuns:
The poor sef no wan emancipate themselves.

Just hear one of the wicked thieves that drain this country talking

Where and who are the poor and how have you helped them to get emancipation?

Talking with no appreciation of educational certification

After asking same FG to devalue the naira n increase fuel price....then una no well!

Imf want to send another loan

IMF is advising for cash transfer?? We are finished! So the money borrowed should be spent to temporarily ease suffering caused by IMF policies then when it is exhausted we will come back to borrow more. What a cycle.

We are not a productive country, thus we are not in a position to protect the poor.

ALso, when APC's answer to our financial weakness is more borrowing and more oyel production and more sharing of money under t-pain the great...whaddya expect?

At the end, here we are. A resource dependent country, in a mess.


And for some, saying the above means i support tinubu..lol.

He won't allow us breath

[quote author=JASONjnr post=134766836]The government have put lots of scheme into place to ensure that people from the lower class are carried along.....

God bless Nigeria....
God bless President Tinubu.


Aside from the POLITHIEFTIANS, WHO exactly is in the UPPER CLASS anymore in Nigeria of today?.
What EXACTLY are those SCHEMES that mentioned that had been put in place for the LOWER CLASS?.

I dey wait ohh!!!.

IMF cash transfer doesn't work, what works is government giving back to the people by subsidising agriculture, subsidising electricity and fuel, so small businesses survive and thrive, the money government is sharing is stipends, it will keep the poor poorer due to inflation. Fuel prices for Nigerians should not be based on international market prices, the crude oil belongs to the people, they must be able to buy fuel cheap, it's government job to prevent smuggling etc, the government should think and work smartly that is why they are paid so much.

By fuel and electricity subsidy the people can start small businesses, which is the backbone of Nigeria's economy, millions of small businesses employing even 3 or 4 people each with it's numerous multiplier effect will take a nation's people out of poverty.

IMF is just advising government so they get their loans back and have access to our market, by now our political office holders should be wise. Stop listening to IMF.

Nigerian government also need to have trade agreements with nations so we trade based on exchange or using our local currency, using dollars is killing our economy.

Skooltynz:
Shut up IMF !
You are part of the problem

You got it

JASONjnr:
The government have put lots of scheme into place to ensure that people from the lower class are carried along.....

God bless Nigeria....
God bless President Tinubu

Come to Agege with public address system to announce this. Let's test if you really mean this. Igboro wants to validate your statement.

kmst:
Where is kiss the truth

Na him rush Wike to France. I see am for the ambulance.

After una don use this Government to deal with Nigerians.

Skooltynz:
Shut up IMF !
You are part of the problem

Buhari was the problem. The IMF is just assisting you solve it.

I am laughing in Swahili 🤣

SensualMan:
Protect or kill poor citizens?
Take a look at yoruba land what Tinubu has done there, hunger, diseases and starvation. Few days ago 2 brothers were fighting because of mango and Ayodeji killed his brother because of one mango.
The other boy in Ibadan hung himself untop of a tree.
Bukky jumped into 3rd mainland bridge days ago.
Why is Bola Ahmed punishing and torturing the yoruba nation?

What's your problem?

Did Obi not say he will end the fuel subsidy and make the exchange rate be market reflective? It is these two policies of Tinubu that are causing the pain. What's really the difference?

It is Buhari that should be condemned. He borrowed too much money and by the time Tinubu got into office, debt servicing was taking 97% of government revenue.

Emefiele had also destroyed the foreign exchange market.

https://thenationonlineng.net/subsidy-removal-floating-of-naira-disruptive-changes-nigeria-must-go-through-soludo/

As if they cared.

Tinubu spends N771m on honorarium amidst economic hardship

...CSOs demand accountability in public expenditure

Daniel Adaji

Amidst growing economic hardship in Nigeria, President Bola Tinubu's administration has spent N771,094,800 on honorarium over a five-month period, according to data obtained from BudgIT's accountability platform, GovSpend, on Sunday.


https://pointblanknews.com/pbn/exclusive/tinubu-spends-n771m-on-honorarium-amidst-economic-hardship/

Only harms its citizen.

Empiree:
You got it

Eid Mubarak bro.
Thanks for everything

Eriokanmi:
Hmmm.After pushing them to the slope and removing the shock? Only foolish leaders listen to the IMF. They pressured buhari several times but he ignored them. Being a jaujau leader, tinubu is ready to sign anything. He can even sell Nigeria if permitted. He no send your papa

The IMF never forces anyone to borrow from them.

It is when governments have been pushed to the wall because no bank is ready to lend to them, they turn to the IMF. The IMF are lenders of last resort. To turn to the IMF therefore indicates economy is insolvent. It means your economy is in ruins. When Tinubu took over, 97% of government. Buhari was simply borrowing money to run the country,

Imagine you're earning N1m a month and you're left with 30k after you service your debt. You're borrowing money to make your family live in comfort.

Suddenly, all doors to you are closing before lenders are worried you won't be able to repay. You now have to tighten your belt,

No more bread and egg in the morning. Family manage yam and palm oil. No more. No more chicken and titus, You make do with shawa or no meat or fish at all. You take public transport to work rather than your car. No more expensive private schools for the kids. They also walk to their new schools.

Read below

https://thenationonlineng.net/subsidy-removal-floating-of-naira-disruptive-changes-nigeria-must-go-through-soludo/

ShenTeh:
The same IMF asking the FG to burden Nigerians in one breath is asking to have us breath on the other.

This is where you know that the IMF is impossible. Follow IMF at your own peril

The IMF comes to fix your ailing economy. They did not force you to borrow from them. It is when countries are totally messed up they turn to the IMF. They are lenders of last resort. Nobody else is willing to lend to you because they have no faith you will pay back. In exchange for a lifeline, you have to end your spendthrift ways and end any unsound economic practices. This will cause a lot of pain.

When a country has a huge budget deficit or the economy is in a mess, these are the usual suspects:

1. Consumption subsidies such as petroleum subsidies, food subsidies, energy subsidies and so on.
2, Bloated federal government workforce.
3. An exchange rate that is not market reflective (This was the case throughout Buhari's tenure
4. Money losing state-run companies
5. Excessive regulations and red tape which makes doing business difficult
6. Generous entitlement programs such as pensions.
7. And more

A country can have one or more of these problems.

Read below:

https://thenationonlineng.net/subsidy-removal-floating-of-naira-disruptive-changes-nigeria-must-go-through-soludo/

StoryHaven:
You are right. They are the major financial problems of Africa.
But.. but..
Do you know there is a grant that has been released for Nigerian masses by the IMF and WORLD BANK since 8 years ago that is yet to be given to the masses.

Till today, it is in the coffers of CBN.

This is where these politicians are wicked.

UAAG/THEOBART GRANT

This is the major reason IMF is in country at this time.

Money is about to be released to the masses.
It runs into trillions of Naira.

Top Secret

I hope you're enjoying your own share of the money already.

berbs:
I hope you're enjoying your own share of the money already.

E Don enter Voicemail



Nigeria don happen to am.

StoryHaven:
E Don enter Voicemail



Nigeria don happen to am.

Lolzzz.
Okay ooo.