Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop - Politics (4) - Nairaland
Nairaland Forum › Nairaland General › Politics › Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop (6910 Views)
| Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by Brendaniel: 11:16am On Mar 23 |
grandstar: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..
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| Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by MrPOTUS: 11:24am On Mar 23 |
bewla: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. ![]() |
| Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by ZombieTERROR: 11:41am On Mar 23 |
bewla: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: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: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: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: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: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: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: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...
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| Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by CONOR17: 9:48pm On Mar 23 |
bewla: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 ![]() |
| Re: Middle East Crisis: Tinubu Warns Of Inflation Hike, Purchasing Power Drop by grandstar(m): 10:08pm On Mar 23 |
Brendaniel: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: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: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: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: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: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: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: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: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: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:The constitution has many parts, which part should I study? |
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