₦airaland Forum

ositadima1:
But are you counting Dangote’s achievement as this government’s achievement? Fuel stability is because we now have a refinery, which the government tried to squash and failed. It’s the same way some people attribute GSM to Obasanjo, when GSM was new and already making its way into almost every country at the time.

Were you not here when several government agencies were tackling the Dangote refinery? The fight with NNPC, the fake claims that government refineries had reopened, the fake claims about low-quality petrol, and then you come here attributing fuel availability to this government.

I think you all deserve whatever you get, good or bad.

mikeapollo:
I am restraining myself, but your line of argument is totally warped!

How do you know I made gains in this stock market? And if I did, how do you know the gains were largely catalyzed by this govt? A govt that devalued and destroyed the worth of my savings and investments by more than 50% in less than a year in office?. Was it this govt that catalyzed the gains I made in 2004-2005? Sometimes you people think and talk as if Nigeria only started in 2023? So pathetic!

You said I should try and use my NGX gains to solve part of the problem, and you have issues with me for supposedly sitting idly and doing nothing. So you are not happy that an ordinary citizen like me, who does not work for or receive any salary or allowances from govt.
You rather want me to use my hard-earned, private money to solve economic problems created and perpetrated by the clueless and incompetent govt that you support and cheer! INCREDIBLE!

So extending that your warped argument, if I complain about insecurity in the nation, you would say I should do something to resolve the problem and probably pick up my cutlass, club, arrow (I don't have a gun) and head to Kwara, Kogi or Zamfara to fight AK-47 bearing terrorists and help quench the fire!.
Even if I say that the road to your town or village is bad, you would tell me to use the money I made in NGX to go and hire Julius Berger to fix it to make it better?. If I say there is no electricity in your state or town, you would say I should be my brother's keeper and use some of the gains I made in NGX to go buy transformer and install for them?. If I say they have no potable water, you would say that is my responsibility because you think I made money in the NGX because of some vaunted policies of this govt. that came to power three years ago?
Is this your logic? INCREBIBLE?
God Have Mercy!
There is what is called Responsibility and Resource Allocation in governance. The resources to resolve these problems have been channeled or given to the govt so they are the ones to be pushed, encouraged or even compelled to do so. Other would-be contributors cannot be blamed!

HesInMe:
I was here criticizing them for not wholeheartedly embracing Dangote and clearing road for his refinery nah. But the government finally ended up in the right place. Sometimes even stupid people get lucky.

mikeapollo:
I am restraining myself, but your line of argument is totally warped!

How do you know I made gains in this stock market? And if I did, how do you know the gains were largely catalyzed by this govt? A govt that devalued and destroyed the worth of my savings and investments by more than 50% in less than a year in office?. Was it this govt that catalyzed the gains I made in 2004-2005? Sometimes you people think and talk as if Nigeria only started in 2023? So pathetic!

You said I should try and use my NGX gains to solve part of the problem, and you have issues with me for supposedly sitting idly and doing nothing. So you are not happy that an ordinary citizen like me, who does not work for or receive any salary or allowances from govt.
You rather want me to use my hard-earned, private money to solve economic problems created and perpetrated by the clueless and incompetent govt that you support and cheer! INCREDIBLE!

So extending that your warped argument, if I complain about insecurity in the nation, you would say I should do something to resolve the problem and probably pick up my cutlass, club, arrow (I don't have a gun) and head to Kwara, Kogi or Zamfara to fight AK-47 bearing terrorists and help quench the fire!.
Even if I say that the road to your town or village is bad, you would tell me to use the money I made in NGX to go and hire Julius Berger to fix it to make it better?. If I say there is no electricity in your state or town, you would say I should be my brother's keeper and use some of the gains I made in NGX to go buy transformer and install for them?. If I say they have no potable water, you would say that is my responsibility because you think I made money in the NGX because of some vaunted policies of this govt. that came to power three years ago?
Is this your logic? INCREBIBLE?
God Have Mercy!
There is what is called Responsibility and Resource Allocation in governance. The resources to resolve these problems have been channeled or given to the govt so they are the ones to be pushed, encouraged or even compelled to do so. Other would-be contributors cannot be blamed!

ololufemi:
Awesome Baba, interesting words but it speaks volume of what currently holds and what could have been.if events took a different turn.

Looking back, GEJ would probably take the blame as a cowardly President which Nigeria did not need at that time when there was some level of resources to support the removal of foreign exchange and petrol subsidy policies which would have had significant impact as at today. His plan to redirect the resources saved from those removal to a Sure-P system similar to the Petroleum Trust Fund would have removed the Governors and Local Government Chairmen from the wanton thieving and looting we see today.

If he had also succumbed to the wishes of his party members from the Northern extraction to not contest the 2015 election so that his tenure would not exceed 8 years as well as compensate the North for the loss of Yardua, Buhari would never have become President and never have the opportunity to deal with Nigerians through his absent minded and nonchalant rule.

One other thing GEJ failed to do when he became President was reverse the cancellation of the sale of the Warri and Port Harcourt refineries and return it to the BlueStar Group owned by Dangote and Otedola. I am not sure Nigeria will be in the mess it currently is today but the hawks and gluttonous cabal around him no allow am see the future.

Though the followership is a problem in this country, the calibre of leadership for an entity like Nigeria has been abysmally disappointing and baseless without any iota of forward thinking, mind blowing vision for the country.

🤷🏽‍♂️

awesomeJ:
I'm not referring to the gains you made in 2004.

And we're not saying Nigeria started in 2023.

But the government you're criticizing started in 2023, so..

Yes, I'm sure if you have been in this market since the government came in, you definitely made gains. You don't have to be a genius, you just need to have held some stocks.

If you didn't, please educate my assumption.

I'm not saying that you should use ALL your hard earned money to help, I'm saying use a portion. Whether 1% or 30%, whatever you're comfortable with, that little portion would have more impact than your complaints, then my grouse is that you shouldn't be complaining since these loots weren't really all that hard earned, they were partly gotten as a result of theseame policies you criticize, so it only makes sense to use part of it to address the downsides of the same policies.

Resources have been channeled to the government and their agencies, true, but some resources have also been channeled to your own portfolio, if you aren't using them to touch lives, then your talk about government not using theirs is redundant and hypocritical.

That's my view, it doesn't have to mean much to you.

awesomeJ:
I missed the part about insecurity while I responded earlier.

This is my take on that part:

Yes exactly. If the same policies that brought about insecurity have given you some great abilities to defend 10 people or a community, sure, I would expect you to use those resources to defend and secure the people instead of complaining while keeping idle resources that could end the insecurity.

HesInMe:
I was here criticizing them for not wholeheartedly embracing Dangote and clearing road for his refinery nah. But the government finally ended up in the right place. Sometimes even stupid people get lucky.

mikeapollo:
This guy, you wan hear story!
Do you know I turned to church rat hiding and running away from several banks when my margin loans went bad after the stock market crashed in 2008-2010 and I was owing them several millions that later grew to into huge debts on my head? Do you even know some people committed suicide that time?
You think everything has been rosy and smooth in the stock market for someone like me? So if at all at all I get something little now, you expect me to just go give some percentage to just anybody because Tinubu has implemented economic policies that impoverished the citizens, while the govt keeps spending carelessly and has no plans for me and my family?

Let's focus more on making the govt use the huge resources at their disposal to take care of the people. That is the difference between us and the developed world.

mikeapollo:
Let us start by testing the experiment from your end. I know your chest is very big and strong! It can protect at least 2 people from AK47 bullets! There is nothing impossible. Let's go to Kwara and Kogi and check something!

awesomeJ:
You're right.

I didn't participate in the 08 crash.
I was still battling Laplace and Fourier in college. Too bad they ended up not being relevant in real life 😁

But stilk, the best use of something like money is really to make impact.

Cos how much food can one eat, you can't drive two cars at once etc.

So even if it's 1%.

But obviously you're more experienced than I am, so I believe you know this already. You're either practicing it already or you have a great reason why you aren't.

Let me go see if our 22 year wait for a trophy will finally end tonight.

awesomeJ:
You're right.

I didn't participate in the 08 crash.
I was still battling Laplace and Fourier in college. Too bad they ended up not being relevant in real life 😁

But stilk, the best use of something like money is really to make impact.

Cos how much food can one eat, you can't drive two cars at once etc.

So even if it's 1%.

But obviously you're more experienced than I am, so I believe you know this already. You're either practicing it already or you have a great reason why you aren't.

Let me go see if our 22 year wait for a trophy will finally end tonight.

HesInMe:
Stop exaggerating jor. They haven't failed in "everything." They've taken difficult but necessary policy decisions that have set us on path to relative macroeconomic and foreign exchange realism and stability. These measures have clearly boosted investor confidence in Nigeria, as shown from the rebound in money inflows and the surge in the stock market -- driven by domestic money, which is more stable. Fuel supply is also now stable.

No serious person debates this. Or denies the political courage it took. Or the pain it has unleashed. The only serious debate now is what the path forward is. And who is the best person to spur our creativity and drive to greater things.

mikeapollo:
So he is even an Arsenal fan? No wonder! I heard that is Tinubu's club too!
I no wan talk the thing for my mind so I don't offend the people from Emirates. ''E ti mi'' already

HesInMe:


IMG? Really? I looked into it. The company no dey grow.

ololufemi:
Awesome Baba, interesting words but it speaks volume of what currently holds and what could have been.if events took a different turn.

Looking back, GEJ would probably take the blame as a cowardly President which Nigeria did not need at that time when there was some level of resources to support the removal of foreign exchange and petrol subsidy policies which would have had significant impact as at today. His plan to redirect the resources saved from those removal to a Sure-P system similar to the Petroleum Trust Fund would have removed the Governors and Local Government Chairmen from the wanton thieving and looting we see today.

If he had also succumbed to the wishes of his party members from the Northern extraction to not contest the 2015 election so that his tenure would not exceed 8 years as well as compensate the North for the loss of Yardua, Buhari would never have become President and never have the opportunity to deal with Nigerians through his absent minded and nonchalant rule.

One other thing GEJ failed to do when he became President was reverse the cancellation of the sale of the Warri and Port Harcourt refineries and return it to the BlueStar Group owned by Dangote and Otedola. I am not sure Nigeria will be in the mess it currently is today but the hawks and gluttonous cabal around him no allow am see the future.

Though the followership is a problem in this country, the calibre of leadership for an entity like Nigeria has been abysmally disappointing and baseless without any iota of forward thinking, mind blowing vision for the country.

🤷🏽‍♂️

awesomeJ:
I think it'll be more potent for some of you who have made loots via these policies to alleviate for 10, 100, or even 1000 individuals in your vicinity.

That'll be way more potent than endless criticism of the policies or unrealistic expectation of an election loss.

If you or @streetinvestor2 each have gained N2bn due largely to these policies you both criticize, the ideal non hypocritical thing to do would be to take out those profits and structure intervention funds for maybe 100 people.

Give N20m each to 100 people around you.
After all money is just number and is inherently useless.

Some of those 100 people would better their lives and those of people close to them with the money.

But no, you prefer to sit idly on the loot, probably doing nothing to better the lives of people around you, and you expect me to believe you're better than the people you criticize??


I'm no fan of any politician, I've never voted, but people close to me, outside my family get a little bit of my small loot from time to time, making the hardship easier on them

There's no need for me to overemphasize the hardship while refusing to do anything about it, even though the same policies have afforded me the means to intervene.

You keep saying only a small percentage are in the market, if those small percentage showed love, the impact would be farther reaching.

mikeapollo:
So he is even an Arsenal fan? No wonder! I heard that is Tinubu's club too!
I no wan talk the thing for my mind so I don't offend the people from Emirates. ''E ti mi'' already

Streetinvestor2:
So you feel I talk about this government because I am election loser.And is you who is helping people around u and people like me don't. I don't have your time for stupid thoughts. I should come here and be advertising how I am helping people like you do for cheap validation. I don't operate like that because praise on the act adds no value to me.It is strictly an act btw me and God for humanity
If you see it as big thing now.It Haa been a way of life for some since thr humble beginning and not because they have made money in so called bull run which when calculated rights based on other things is equally not true. So giving is part of some people life before this failed government came

awesomeJ:
It's already happening 🎉🎉🎉🎉

We will party tonight.

ositadima1:
All these responses failed to prove to me that it was the government that eliminated fuel scarcity as we know it today, and not Dangote. You all always try to avoid the main point when it is not convenient for your argument.

If Dangote had not started his refinery and fought for it until it stood as it is today, fuel scarcity would have continued. I still haven’t seen what the government has done differently in that regard.

It was Dangote who conceived and built the refinery, not the government, not Tinubu. Simply take the obvious correction and move on.

GeneralDae:
Nigerians have always cried of hunger from the 1970’s onwards. It was even worse in the 1980’s down to early Obasanjo period.

HesInMe:
Don't be so absolutist nah. We run a mixed economy where the government doesn't do everything. Subsidy elimination was a politically difficult policy choice this government made, and it enabled Dangote's success, and appears to be spurring additional private refinery investments. Regulation was another -- after initially (stupidly) trying to block Dangote, the regulators finally finally fell in line.

ositadima1:
I don’t think subsidy removal enabled Dangote’s success, as the refinery had no obligation to sell its refined products only within Nigeria. Even with subsidy in place, the refinery would still have operated just fine.

Dangote’s biggest trump card was secured before this administration, under Section 317 of the Petroleum Industry Act (PIA). There is a clear statutory clause stating that fuel import licenses should only be granted if there is a shortfall in domestic production.

This regime gave Dangote nothing but problems. By the way, he is still fighting the government, last time I checked, over the continued issuance of licenses to independent marketers.

Let’s not deviate from the main point: Dangote is why we no longer have fuel scarcity, not the government, not Tinubu.

Streetinvestor2:
Really..how old whr you than to be saying this rubbish. Food was the least of low and middle families in nigeria. Infact your neighbours could easily provide for thr children and children around .We go to church then because free food dey always dey from different families

Streetinvestor2:
After reading some yeye post because I don't pretend with my talk.All I wish for them is let table of hunger and poverty touch them maybe they will begin to know what people are facing. And make hands equal touch thr families for them to feel the pain and agony of Nigerian families as a result of failed government. How can a clown be talking rubbish after watching the video of a teacher that was beheaded in uyo because the government failed in its primary duty. And not like they care instead they are going up and down sharing money for next election
E go reach una and families soon

GeneralDae:
When was this?

awesomeJ:
Thank you to all our well wishers here.

It finally happened 👑👑🎉🎉🎉🎉🎉