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Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop - Politics (4) - Nairaland

Nairaland ForumNairaland GeneralPoliticsMiddle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop (6911 Views)

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Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by Brendaniel: 11:16am On Mar 23
grandstar:
What did Obj do?
You people should sometimes try to learn from history even if you were not born then or try to be very logical and rational with your reasoning especially when trying to support your person or tribesman..

Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by MrPOTUS: 11:24am On Mar 23
bewla:
Ok Mr sense are you paying tax how long have you been paying
Like I told you before you reported my previous message, I work and pay my taxes.

I'm not an audio billionaire like you that thinks he can feed everyone and believes govt is not obliged to the citizens but should take and squander their taxes and natural resources. undecided
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by ZombieTERROR: 11:41am On Mar 23
bewla:
Shame on you
What have you done to improve production on your own

What are you producing
Consumption family

Every time government this government that beging for money up and down
Most you disturb everyone because you can't think of how to improve your pocket

Go and find way for your self stop blaming every one for all your villager witches have move on

They want room in aso rock them to won flex
Haha

says the man protesting during Jonathan administration
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by grandstar(m): 1:21pm On Mar 23
Brendaniel:
You people should sometimes try to learn from history even if you were not born then or try to be very logical and rational with your reasoning especially when trying to support your person or tribesman..
Then and now have differences.

There was oil subsidy then and but not now. That is the elephant in the room today. That is what i am really concerned about.

Due to the fuel subsidy, petrol had to be sold at the fixed price no matter how high crude oil prices rose.

Todays climate is different. Dangote has raised prices. If cride oil prices keeps rising, would we be paying 2k for a litre of petrol?

What should the government do?
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by Brendaniel: 4:06pm On Mar 23
grandstar:
Then and now have differences.

There was oil subsidy then and but not now. That is the elephant in the room today. That is what i am really concerned about.

Due to the fuel subsidy, petrol had to be sold at the fixed price no matter how high crude oil prices rose.

Todays climate is different. Dangote has raised prices. If cride oil prices keeps rising, would we be paying 2k for a litre of petrol?

What should the government do?
Provide Dangote crude oil at a discounted rate for now to be sold to Nigerians, that way no subsidy(money is paid) to anyone, Dangote only will deliver directly to filling stations willing to eliminate smuggling, Nigeria keeps selling at high rate to international market covering whatever discount given to Dangote...

What is Tinubu's excuse?

Incompetence or greed or both...
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by grandstar(m): 8:18pm On Mar 23
Brendaniel:
Provide Dangote crude oil at a discounted rate for now to be sold to Nigerians, that way no subsidy(money is paid) to anyone, Dangote only will deliver directly to filling stations willing to eliminate smuggling, Nigeria keeps selling at high rate to international market covering whatever discount given to Dangote...

What is Tinubu's excuse?

Incompetence or greed or both...
That discount you have stated is a "subsidy."

In 1973, when crude oil prices quadrupled, the country chose to fix the price it sold it nationally and not pass it on the increase to the masses. That was the commencement of the fuel subsidy which took 5 good decades to end.

I do not want the subisy back because it does far more harm than good.
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by Brendaniel: 8:29pm On Mar 23
grandstar:
That discount you have stated is a "subsidy."

In 1973, when crude oil prices quadrupled, the country chose to fix the price it sold it nationally and not pass it on the increase to the masses. That was the commencement of the fuel subsidy which took 5 good decades to end.

I do not want the subisy back because it does far more harm than good.
Subsidy is not the problem but the corruption in the subsidy, which is what I just solved here, every well to do country offers subsidies to their citizens, so subsidy is not a bad thing, if you nit able to solve a problem, does not mean anther may not be able to do it.

In my solution, no money is paid to anybody and delivery is controlled directly to the stations to sell...


If subsidy was a bad thing, why are all the developed nations doing it?
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by Kushites: 8:34pm On Mar 23
KobolanderSegun:
This is where you miss the point. I'm not on America's side at all. You have fallen into the side of Partizan thinking..Even though I mock those who support this war and say no one is going to win this war, I am not using people who like Israel or America to cloud my judgement, while you have invested emotional energy to support a side I support descalation without emotions.
You thinking that because people support a war they should suffer the consequences of the war is clearly emotional thinking.

If real Madrid my team loses to Manchester city should I refuse to give nepa to a community that supports city ? If their transformer breaks down should I say " Good for them ".

Professionalism
Professionalism is doing your job with focus, integrity and committement without letting external forces like relationships, emotions and conflicts becloud your thinking.

The people who support the war or are against the war are only expressing their opinions, they have zero bearing on the outcome of the war.

It is the governments job to think about the welfare of her citizens whether the citizens like you or don't like you as a professional you do you job. You are earning a salary as the president of a country...... Do your job, if you cannot do the job tell us who can. In life have you ever seen an electrician take people captive in their own house? But in some countries the leaders take the people and country captive as they cannot even solve the solutions they are paid to solve.
SORRY, YOU'RE TALKING ABSOLUTE NONSENSE.

What do you mean by people who ''SUPPORT THE WAR''?

YOU MEAN ''SUPPORT THE UNPROVOKED ILLEGAL INVASION OF IRAN WHICH VIOLATES ALL INTERNATIONAL LAW AND HAS SLAUGHTERED 3,000+ IRANIANS SO FAR''?

THAT'S DIFFERENT.

And that is what you SOULLESS, HEARTLESS PEOPLE, SUPPORT.

Now you want blessings and a good life for yourselves.

Not gonna happen till you repent from your wickedness and thirst for innocent human blood.
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by Slymontee: 8:40pm On Mar 23
Who is he warning...us? To do what? Is he a journalist or what? Incompetent oldie
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by grandstar(m): 8:49pm On Mar 23
Brendaniel:
Subsidy is not the problem but the corruption in the subsidy, which is what I just solved here, every well to do country offers subsidies to their citizens, so subsidy is not a bad thing, if you nit able to solve a problem, does not mean anther may not be able to do it.

In my solution, no money is paid to anybody and delivery is controlled directly to the stations to sell...
smiley smiley

If subsidy was a bad thing, why are all the developed nations doing it
Hamilton, a former US president and economist said, "The exiatence of subsidy and abuse can not be divorced."

Subsidy is the problem. The nation is sacrificing lots of revenue in order to sell petrol at a given price.

Which subsidies do developed countries have? What they have are investment subsidies and not consumer subsidies.

For instance, the government can provide free land to entice a company to set up a plant. Provide tax free holidays. These are investment subsidies.
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by Brendaniel: 9:08pm On Mar 23
grandstar:
Hamilton, a former US president and economist said, "The exiatence of subsidy and abuse can not be divorced."

Subsidy is the problem. The nation is sacrificing lots of revenue in order to sell petrol at a given price.

Which subsidies do developed countries have? What they have are investment subsidies and not consumer subsidies.

For instance, the government can provide free land to entice a company to set up a plant. Provide tax free holidays. These are investment subsidies.
You need to learn more about economics and how to manage an economy, you and nairalanda1reason alike, I asked him only 1 question and he blocked me, because he didn't have an answer to it, and you will not also have answer to it, because it will expose your no consumer subsidy theory as a flawed policy...

Read below and see list of developed nations and continents giving consumer subsidies to their citizens...

Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by CONOR17: 9:48pm On Mar 23
bewla:
Trump is a failure to USA /ayatollahs is a cous to Iran SADDAM is a problem to Libya Paul biya is also a mistake to us country

Look open your eyes no government is perfect

It's win for some and lose to some
Like a pastor will say
Position your self for your possession

Just work on your self try to no what you want then work on how to get there

Peller is just 20 he won't complain
Because most complainers hardly see what's in front of them even when you offer them crown all they see is iron
Love this reply hehehe , this the main reason i dont even talk about politics anymore , tryna build something for myself to earn me enough money to stop complaining, but then the condition of alot of nigerians is saddening everytime i move out i see the hustle , the struggle , the frustration it aint easy out here bro, if the country was better these people wont be in such situations which is why we must kick against bad governance cool
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by grandstar(m): 10:08pm On Mar 23
Brendaniel:
You need to learn more about economics and how to manage an economy, you and nairalanda1reason alike, I asked him only 1 question and he blocked me, because he didn't have an answer to it, and you will not also have answer to it, because it will expose your no consumer subsidy theory as a flawed policy...

Read below and see list of developed nations and continents giving consumer subsidies to their citizens...
This lends some credibility to what you said. Out of 100, i will only give you a 40.

The fuel subsidy must never return. The economy can not afford it.
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by Brendaniel: 10:52pm On Mar 23
grandstar:
This lends some credibility to what you said. Out of 100, i will only give you a 40.

The fuel subsidy must never return. The economy can not afford it.
But the economy can afford corruption abi?
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by Alikoooooooooo: 12:26am On Mar 24
Kushites:
SORRY, YOU'RE TALKING ABSOLUTE NONSENSE.

What do you mean by people who ''SUPPORT THE WAR''?

YOU MEAN ''SUPPORT THE UNPROVOKED ILLEGAL INVASION OF IRAN WHICH VIOLATES ALL INTERNATIONAL LAW AND HAS SLAUGHTERED 3,000+ IRANIANS SO FAR''?

THAT'S DIFFERENT.

And that is what you SOULLESS, HEARTLESS PEOPLE, SUPPORT.

Now you want blessings and a good life for yourselves.

Not gonna happen till you repent from your wickedness and thirst for innocent human blood.
As Elon Musk will say....... GO.........
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by Vision101(m): 2:16am On Mar 24
Brendaniel:
Is this man a president or gester?

More like saying:

Nigerians, the middles east crises will cause inflation and reduce your purchasing power, since it is not my fault you people are on your own.

This is the first time I am seeing someone who claims to be a president but tries to avoid all the responsibilities of a president and still wants to enjoy all the benefits of a president. This is someone his supporters claimed he use 20 years to prepare to become president.


And the Nigeria of today is the result of that preparation, what if he didn't prepare?
Your biased mind takes away your thought process. The president showed you that he recognizes the likely impact of global event on the economy. He was simply talking to the governors to prepare their minds for the likely event. That they should start thinking at the micro level of the likely mitigation while he thinks at the macro level.

Does the above not show qualities of a sound leader to you but you are there writing chochocho because of hatred.
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by Brendaniel: 6:07am On Mar 24
Vision101:
Your biased mind takes away your thought process. The president showed you that he recognizes the likely impact of global event on the economy. He was simply talking to the governors to prepare their minds for the likely event. That they should start thinking at the micro level of the likely mitigation while he thinks at the macro level.

Does the above not show qualities of a sound leader to you but you are there writing chochocho because of hatred.
Why is he diverting his responsibility to the governors?

Is that the quality of a good leader?
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by Alikoooooooooo: 6:58am On Mar 24
Kushites:
SORRY, YOU'RE TALKING ABSOLUTE NONSENSE.

What do you mean by people who ''SUPPORT THE WAR''?

YOU MEAN ''SUPPORT THE UNPROVOKED ILLEGAL INVASION OF IRAN WHICH VIOLATES ALL INTERNATIONAL LAW AND HAS SLAUGHTERED 3,000+ IRANIANS SO FAR''?

THAT'S DIFFERENT.

And that is what you SOULLESS, HEARTLESS PEOPLE, SUPPORT.

Now you want blessings and a good life for yourselves.

Not gonna happen till you repent from your wickedness and thirst for innocent human blood.
It's time for your medication, the nurse said I should tell you
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by Basicend: 7:41am On Mar 24
Brendaniel:
But the economy can afford corruption abi?
You have got time responding to those kind of guys.

They will always twist the proofs becoz they have hidden causes. Stop waisting your time with such.
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by Vision101(m): 4:21pm On Mar 24
Brendaniel:
Why is he diverting his responsibility to the governors?

Is that the quality of a good leader?
You don't understand political economy. It has layers. No matter what you do at the higher layer if the lower layer do nothing you can't have the desired results.

The subnationals manage the microeconomy and the federal manages macroeconomy. It is not diversion of responsibility but political economic management. In management we call it common goal congurence.

For example PBAT's decision concerning fuel subsidy and fx rate unification has freed more resources to the subnationals but he cannot control them on how they spend it. He can only advise.

I took this efforts because all your writings portray hate.
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by Brendaniel: 5:01pm On Mar 24
Vision101:
You don't understand political economy. It has layers. No matter what you do at the higher layer if the lower layer do nothing you can't have the desired results.

The subnationals manage the microeconomy and the federal manages macroeconomy. It is not diversion of responsibility but political economic management. In management we call it common goal congurence.

For example PBAT's decision concerning fuel subsidy and fx rate unification has freed more resources to the subnationals but he cannot control them on how they spend it. He can only advise.

I took this efforts because all your writings portray hate.
So in other words, you are telling me Tinubu decided to channel more of his responsibilities to the governors to do anyhow they like with more resources given to them, since he cannot control them.

Is that a smart of full-ish decision?

So he knew he could not control them on how they manage the resources given to them, and yet decided to channel more resources that the citizens got directly from him which he could control the spending and gave to the governors which he cannot control...

Is that the quality of a good leader?
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by Vision101(m): 6:41pm On Mar 24
Brendaniel:
So in other words, you are telling me Tinubu decided to channel more of his responsibilities to the governors to do anyhow they like with more resources given to them, since he cannot control them.

Is that a smart of full-ish decision?

So he knew he could not control them on how they manage the resources given to them, and yet decided to channel more resources that the citizens got directly from him which he could control the spending and gave to the governors which he cannot control...

Is that the quality of a good leader?
Go and study the constitution of the federal Republic of Nigeria.
Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by Brendaniel: 7:03pm On Mar 24
Vision101:
Go and study the constitution of the federal Republic of Nigeria.
The constitution has many parts, which part should I study?
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