Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis - Politics

Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis (12286 Views)

Poll: Is the Fuel Subsidy removal the cause of Nigeria's Insecurity problems ?

No .... He don't know what he is talking about, there was insecurity even while we were still paying Subsidy. 71% (185 votes)

Yes..... He is very correct . 28% (72 votes)

This poll has ended

1 2 3 4 Reply (Go Down)

Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by SlavaUkraini(op): 3:42pm On May 21

President Bola Tinubu says beneficiaries of the corruption-laden fuel subsidy and foreign exchange era are behind the uptick in insecurity across Nigeria.

The Nation reports that Tinubu spoke through Olusegun Osoba, former governor of Ogun, on Wednesday at the launch of a book titled ‘The NADECO Story’, in Lagos.

The president said unpatriotic elements who engaged in forex round-tripping are resisting his administration’s reforms, particularly the removal of fuel subsidy and the unification of the exchange rate markets.

He said these vested interests are attempting to destabilise the country as retaliation for the policies that ended their privileges.

Osoba, conveying the president’s message at the Muson Centre in Onikan, said Tinubu is fully aware of the deliberate attempts to disrupt national peace by persons offended by the reforms.

“He is aware that there is a deliberate attempt to disrupt the peace of the country by those he knew he had offended by cancelling the multiple exchange rate regime and removing fuel subsidy,” Osoba said.

The president identified the economy and security as fundamental issues currently preoccupying his administration, and pledged to address outstanding political matters after tackling these core challenges.

“You can see the difference between the parallel and the official markets is virtually zero. The naira, which was about N2,000 to one dollar, is now around N1,380,” he said.

“Those cabals are still round-tripping, but he is determined that if this is the only thing he would do to rearrange the economy, he is ready to face it.”

https://www.thecable.ng/tinubu-fuel-subsidy-fx-cabals-behind-nigerias-security-crisis/

26 Likes 3 Shares

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by Oxb90: 3:50pm On May 21*

This is all we hear on a daily basis.

What happens to mentioning the names of all enablers of terror acts in Nigeria or are they ghost.

You prefer to sacrifice all Nigerians than bringing to book the perpetrators of terror acts on the people you swore to protect.

This evil political party took Nigeria that was making steady growths in all economic indices to a forbidden level.

For eight whole years buhari was busy blaming the PDP. Nigerians thought the blame game would expire with Bubu. This wan don dey use almost four years to blame everyone except himself.

APC and blaming are like bread and butter.

83 Likes 5 Shares

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by Pierocash(m): 3:53pm On May 21

Excuse of a failed leader. when you have all the powers to deal with them but do nothing.

86 Likes 2 Shares

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by Racoon(m): 4:01pm On May 21

And who is in charge of both menace? Who is involved in the fuel subsidy racketeering from Buhari time till date? Who is pardoning bandits, and allowing killer Fulanis running amok? The fingers points back to you.

59 Likes 5 Shares

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by Counterigbolies: 4:02pm On May 21

Pierocash:
Excuse of a failed leader. when you have all the powers to deal with them but do nothing.

which power does he have to deal with them?

What tinubu is facing, if your agulu fraud sees half he will just run away to another country

30 Likes 3 Shares

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by Mariangeles(f): 4:03pm On May 21

"The naira, which was about N2,000 to one dollar, is now around N1,380,” he said.

Whose fault was that?
How much was one dollar to naira before Tinubu assumed office?

32 Likes 1 Share

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by DMCA: 4:07pm On May 21

Mariangeles:
Whose fault was that?
How much was one dollar to naira before Tinubu assumed office?

now everything is expensive because of strait of hormuz cry

infact anything that is a need is now called strait of hormuz
hope ur own strait of hormuz is still affordable? cool

6 Likes

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by 1vandragon: 4:20pm On May 21

Lol.

Bat doesn't care. If something goes wrong due to his incompetence, he simply finds a blame to hang it on.

Terrible...

30 Likes 2 Shares

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by CodeTemplar: 4:31pm On May 21

This man is a moe-run oooo.
What about the insecurty before you? Which cabal is reesponsible for that?

23 Likes 2 Shares

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by DatNiggaDaz: 4:32pm On May 21

Counterigbolies:
which power does he have to deal with them?

What tinubu is facing, if your agulu fraud sees half he will just run away to another country

See dis data boi. You don't believe in your alpha and omega who you claimed to be demi-god of jagabandit political guru. He is now helpless in the hands of "them" ?

Who are "them" to the faaaake certttifficcate hollldderr data boi ?

36 Likes

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by CodeTemplar: 4:33pm On May 21*

Mariangeles:
Whose fault was that?
How much was one dollar to naira before Tinubu assumed office?

naira floating to me, is more understandable. What i cannot process, is ditching of productive subsidy like petrol for unproductive ones like religion.

7 Likes 2 Shares

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by CodeTemplar: 4:36pm On May 21

Counterigbolies:
which power does he have to deal with them?

What tinubu is facing, if your agulu fraud sees half he will just run away to another country

deranged talk. Same power GEJ had to deal with them.

21 Likes

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by CodeTemplar: 4:39pm On May 21

Oxb90:
This is all we hear on a daily basis.

What happens to mentioning the names of all enablers of terror acts in Nigeria or are they ghost.

You prefer to sacrifice all Nigerians than bringing to book the perpetrators of terror acts on the people you swore to protect.

This evil political party took Nigeria that was making steady growths in all economic indices to a forbidden level.

For eight whole years buhari was busy blaming the PDP. Nigerians thought the blame game would expire with Bubu. This wan don dey use almost four years to blame everyone except himself.

APC and blaming are like bread and butter.

I dont believe in coutering lies with lies.

1 Like

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by Mariangeles(f): 4:52pm On May 21

CodeTemplar:
dollars floating to me, is more understandable. What i cannot process, is ditching of productive subsidy like petrol for unproductive ones like religion.

Tinubu thought he knew better than his predecessors.

How has the masses benefited directly from the removal of fuel subsidy so far?

Did Tinubu's predecessors not know that there were people benefiting from the subsidy, but removing it will mean more hardship for the people?
Did they not know what they were doing?

Did Tinubu go about removing fuel subsidy the right way?
Did he give the masses something to fall back on?

Has the removal of fuel subsidy stopped Tinubu from borrowing?

The questions are just endless.

20 Likes 1 Share

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by nairalanda1(m): 4:58pm On May 21

Classic government propaganda move

1. Acknowledge there is a problem

2. Blame the 'bad people'

which has the effect of

3. Making the government look weak and incompetent.

The problem with all Nigerian governments, and with all our candidates, especially tinubu, is simple. Not one of them has had a plan to develop Nigeria into an economy that uses its natural resources to make manufactured goods and services.

Thus no jobs, and lots of unemployed youth...insecurity.

4 Likes

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by nairalanda1(m): 4:59pm On May 21

Counterigbolies:
which power does he have to deal with them?

What tinubu is facing, if your agulu fraud sees half he will just run away to another country

So, you are admitting tinubu has no power to deal with insecurity, and you are here mentioning Obi?

Ok o.

16 Likes

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by ogolemati: 5:01pm On May 21

Counterigbolies:
which power does he have to deal with them?

What tinubu is facing, if your agulu fraud sees half he will just run away to another country

bye

11 Likes

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by Kukutente23: 5:10pm On May 21

This is shameful
A whole President is playing politics with insecurity
This man is largely empty when it comes to governance afterall the opportunistic hype about Lagos

20 Likes 1 Share

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by anonimi: 5:58pm On May 21*

CodeTemplar:
dollars floating to me, is more understandable. What i cannot process, is ditching of productive subsidy like petrol for unproductive ones like religion.

He floated the Naira, borrowed billions of dollars from Afreximbank to specifically defend the currency, yet he failed to deliver on his promise to make a dollar equal to N300 in the short term, three years after hitting the ground running. Money borrowed through an SPV future oil revenue account, arranged by Elumelu’s UBA at an outrageous 11.85% interest rate. shocked

How many years did it take for PDP prosperity politicians to crash telecom prices, after deregulating the sector over a quarter century ago? Up to three years?

9 Likes 1 Share

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by phemmie06(m): 6:07pm On May 21

Will this man stop this nonsensical talk, roll his sleeves and start working, since you know them arrest them, what is the connection between forex,oil i cabal and kidnapping, bandits attack?

12 Likes

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by dododawa1: 6:09pm On May 21

WHY

WHY

WHY

WHY

WHY

WHY

WHY

2 Likes 1 Share

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by worldpeacetoday: 6:11pm On May 21

Oxb90:
This is all we hear on a daily basis.

What happens to mentioning the names of all enablers of terror acts in Nigeria or are they ghost.

You prefer to sacrifice all Nigerians than bringing to book the perpetrators of terror acts on the people you swore to protect.

This evil political party took Nigeria that was making steady growths in all economic indices to a forbidden level.

For eight whole years buhari was busy blaming the PDP. Nigerians thought the blame game would expire with Bubu. This wan don dey use almost four years to blame everyone except himself.

APC and blaming are like bread and butter.

Goodluck Jonathan 2.0. and that year they were all over Jonathan for any small mistake he made. If Jonathan laughed " That is not how the President should laugh "

8 Likes

Re: Tinubu: Fuel Subsidy, FX Cabals Behind Nigeria’s Security Crisis by grandstar(m): 6:13pm On May 21

Buhari made a lot of people super rich wil his uneducated rigid exchange rate policies.

It is a shame that Emefiele did not stand up to Buhari interference in exchange rate policies.

1 Like