₦airaland Forum

AMINDA:
Tinubu’s government is for the elites with no consideration for the poor. Dangote, BUA, Elumelu and the likes of them have been running their businesses and thriving long before Tinubu became president and will be here long after his tenure. Dangote built his multi-billion dollar refinery in the Buhari-era Nigeria that paid subsidies. Rather, a lot of small and micro-businesses have packed up due to Tinubu’s stiffling policies and skyrocketing inflation. Keep opening the threads and we will be here to present the facts as they are.

Point of correction, Dangote started the building of his refinery since the GEJ era not Buhari

Streetinvestor2:
Ask him if it was happening before APC/Tinubu presidency happened. Was it happening when obj/Atiku presidency happened. So Atiku is right as Nigerians celebrate his announcement of returning subsidy
We celebrated it in churches today
This your post just showed how apc party and the government it brought should never have happened to Nigerians. And you want any reasonable nigeria to vote them again

Jonathan Government became broke and was unable to fund any infrastructure development or even maintain one. A whole ministry of work had budget of less than N10billion, Not to talk about the Buhari era that we have to borrow to pay salary and debt. Nigeria must never go back to such an era. What we must do now is to ask for accountability of governance, the money saved should be spent on things that directly affects Nigerians. No going back to subsidy

Godfullsam:
Only the elites benefit more in this balablu administration.

The masses endure the negative trajectory while the elites enjoy the positive side.

Not all elites are enjoying this balablu bulaba amalanomics of the master strategist of propaganda politics. The rich are also crying o.


https://vt.tiktok.com/ZSV9terjm/

anonimi:
The eyesore on Bourdillon Road
2nd January 2025

Beyond his neighbours, there is something about the sight of people hanging around a president’s residence that does not speak well of his leadership capabilities. Maybe no one has nudged him to see it, but the impression that spectacle on Bourdillon Road generates is that Tinubu enjoys the sight of suffering humans and thrives in—and through— their poverty.

If all these years, impoverished people hang around you and you remain comfortable enough to keep them just so they can be handed tokens of your large heart, then it means you have a pro-poverty mindset. Such a frame of mind is oriented toward cultivating poverty rather than stimulating abundance.

That is why he could unproblematically relate the story of his “friend” who went from using five Rolls Royce to a far-less valued car and not consider the import of the nonsense he was saying. That spurious account was an indication that this is a man for whom poverty—of others, not himself—is an ideal.

https://punchng.com/the-eyesore-on-bourdillon-road/

kestolove95:
The only people left that are not campaigning for Tinubu are the dead…weldone Tinubu

why is it always people in govt,if not governor a minister or friends of Govt that are always endorsing Tinubu govt

in the last 3yrs show me where common Nigerians are endorsing Tinubu as done well

if we go to the polls base on class of people endorsing Tinubu vs Ordinary Nigerians cursing Tinubu nd iya alakara ..who will win

check again the class of people endorsing Tinubu, are they even appropriate to speak for ordinary Nigerians, weytin Rabiu or Elumelu know about the hatdship in the land. they are doing eye service to protect there investment nd continue to enjoy Tax waiver.s.

Nigerians have sense, Dangote, Elumelu, Obi cubana, Otedola & co will never leave govt to be on people side ...they have business & investment to protectt. go check biggiest benficiary of Tax waivers

Rich dont want the poor to rise, they are your enemy anyday anytime ..

Mandem05:
How about the threads for corruption Should we discuss that as well?

Those are legitimate discussions, but on subsidy, we must never go back

Svoboda:
Has subsidy removal stopped government borrowing? How much has Tinubu borrowed in the last 3 years despite claiming not to be paying subsidy, but rather than Nigerians across board enjoy the benefits of subsidy, he'd rather give tompolo and his boys over 17 trn in energy security. Rather than the citizens enjoy subsidy, he'd rather grant waivers of up to 30 trn to the big men, this is while the micro industries are almost non existent.

Tinubu has ended up making his govt a govt of the elite. What's the poors business with how Bua secures his dollars? Which is better, getting dollars at 800 or 900 Vs 1400?

Does he consider Nigerians as fools?

Buharis subsidy payments as at 22/23 was about 3.4 trillion annually which was borrowed money,not money Nigeria had "borrowed" .......you were borrowing money to enter bus to work daily but you stopped borrowing because you now had a motor cycle,will that money you were spending on transport remain in ur pocket? The answer is no......our budget for 26 alone is 68tr so whats 3.4tr in that figure?

Where did tinubu give tompolo 17tr,you people just conjure figures out of thing air......tompolo's security contract as lef to an increase in oil production even exceeding open quota from 1.2mbpd tinubu met it to 1.7mbpd it is today,quantify that revenues leap to how much we were loosing under buhari.

To boost much needed investment in the the oil and gas sector the govt needed those fiscal measures to boost revenues and remember its nigerians that will work in these places.

Its also wrong for the rich to be buying subsidised dollars at 800,thats why govt also stopped that subsidy, buy ur dollar at the market rate,it has eliminated arbitrage and govt losses on those subsidies

badoh:
Atiku has weighed all avenue to use to campaign against Tinubu and all failed and that is why he believes his last option is to promise to return subsidy whether the economy tumble back to retrogression doesn't concern him for now. But has he any plans to stop smuggling to neighbouring countries by the time Petrol sells below the current market price, has he any plans to prevent artificial scarcity of pms. People should be wise and not rush to the Greek gift Atiku is dangling before them. Someone said every tanker loading pms from Dangote refinery should be tracked, no be Nigeria we deh, even if you track them, these useless people will still empty the content to another tanker.

why not talk about your principal ...After 4yrs what will you use to campaign to ordinary Nigerians on the street that they feel

you will tell wasiu or chinedu, ...macro economic, more revenue to governor, we make 200 trillion in 1st quarter n those nonsense data boiz put on online 🤣🤣

chidiokay:
why is it always people in govt,if not governor a minister or friends of Govt that are always endorsing Tinubu govt

in the last 3yrs show me where common Nigerians are endorsing Tinubu as done well

if we go to the polls base on class of people endorsing Tinubu vs Ordinary Nigerians cursing Tinubu nd iya alakara ..who will win

check again the class of people endorsing Tinubu, are they even appropriate to speak for ordinary Nigerians, weytin Rabiu or Elumelu know about the hatdship in the land. they are doing eye service to protect there investment nd continue to enjoy Tax waiver.s.

Nigerians have sense, Dangote, Elumelu, Obi cubana, Otedola & co will never leave govt to be on people side ...they have business & investment to protectt. go check biggiest benficiary of Tax waivers

Rich dont want the poor to rise, they are your enemy anyday anytime ..

Because socialism has failed, Nigeria needs these though reforms to achieve stability. My problem is that why is it always Northern Presidents that messes up efforts of Southern Presidents, Yaradua messed up the privatization of the Refineries and healthy economy that Obasanjo handed over, Buhari ruined the economy that Jonathan left over, now Atiku is threatening the only major achievement of Nigeria in the last 20 years, subsidy removal.
Leadership is not by emotion, Atiku should rather talk us how he will better utilize proceeds of Subsidy removal than a reversal

If you had to do that so i can buy goods cheaper
Guess what ?
I dont a give a damn

Even do it everyday !!!
Thats your problem !!!

Lithiumite:
Buharis subsidy payments as at 22/23 was about 3.4 trillion annually which was borrowed money,not money Nigeria had "borrowed" .......you were borrowing money to enter bus to work daily but you stopped borrowing because you now had a motor cycle,will that money you were spending on transport remain in ur pocket? The answer is no......our budget for 26 alone is 68tr so whats 3.4tr in that figure?

Where did tinubu give tompolo 17tr,you people just conjure figures out of thing air......tompolo's security contract as lef to an increase in oil production even exceeding open quota from 1.2mbpd tinubu met it to 1.7mbpd it is today,quantify that revenues leap to how much we were loosing under buhari.

To boost much needed investment in the the oil and gas sector the govt needed those fiscal measures to boost revenues and remember its nigerians that will work in these places.

Its also wrong for the rich to be buying subsidised dollars at 800,thats why govt also stopped that subsidy, buy ur dollar at the market rate,it has eliminated arbitrage and govt losses on those subsidies

The rich buying dollars or the productive getting subsidized dollars for production
You conveniently ignored that part
In fact just like dangote did during the construction of his refinery
Was the dollar not subsidized then

seunmsg:
We will keep opening threads to report the positive trajectory of the economy even if the threads never make it to front page unlike those with negative messages.

But same BUA praised Buhari to the highest heavens then and even credited him with his ability to survive Dangote and NPA's onslaught on his business
It seems he enjoyed the visits to the CBN then and he's simply reminiscing with nostalgia

Lifestone:
Because socialism has failed, Nigeria needs these though reforms to achieve stability. My problem is that why is it always Northern Presidents that messes up efforts of Southern Presidents, Yaradua messed up the privatization of the Refineries and healthy economy that Obasanjo handed over, Buhari ruined the economy that Jonathan left over, now Atiku is threatening the only major achievement of Nigeria in the last 20 years, subsidy removal.
Leadership is not by emotion, Atiku should rather talk us how he will better utilize proceeds of Subsidy removal than a reversal

Nice try buh you picked the wrong person, i am neither naive or gulible ...dont rush to mix it up

Obasanjo govt record tremendous development that reflected impact on the people

Jonathan govt record an economic that flourished both the Macro nd micro economic ... under Jonathan Nigeria recorded 2.1m bdp oil ...sadly that govt was wasteful that pdp Era

Our biggiest mistake is APC, Buhari came and did not beat any record of pdp, instead we went down, naira fall to all time low $1 to 300

Then Tinbu came with deciet, A maa gbe wa le i.e we bring it down buh from the 1st day in office Tinubu took everything Up .. under the guise of economic reform , we had the worst budget performance under Tinubu, never in the history of Nigeria have any govt policies displace the micro evonomic

You can come with a prism of tribe vs. tribe, but the real Setback is APC ...because pdp days are far better than apc era. coke was just #100

Lifestone:
Jonathan Government became broke and was unable to fund any infrastructure development or even maintain one. A whole ministry of work had budget of less than N10billion, Not to talk about the Buhari era that we have to borrow to pay salary and debt. Nigeria must never go back to such an era. What we must do now is to ask for accountability of governance, the money saved should be spent on things that directly affects Nigerians. No going back to subsidy

Stop the lying
Jonathan govt resuscitated Lagos to Kano rail, built Abuja-Kaduna rail and constructed Bida-Mokwa-Jebba road.
Buhari did Lagos-Ibadan rail, Abuja-Kaduna road and 2nd Niger bridge
Nigeria did not start to exist with Tinubu govt
And when are you going to ask for the accountability? After you've worshipped them to high heavens or when you're jaded from the delirious effect of calling all opposition evil and bitter?

Lithiumite:
Buharis subsidy payments as at 22/23 was about 3.4 trillion annually which was borrowed money,not money Nigeria had "borrowed" .......you were borrowing money to enter bus to work daily but you stopped borrowing because you now had a motor cycle,will that money you were spending on transport remain in ur pocket? The answer is no......our budget for 26 alone is 68tr so whats 3.4tr in that figure?

Where did tinubu give tompolo 17tr,you people just conjure figures out of thing air......tompolo's security contract as lef to an increase in oil production even exceeding open quota from 1.2mbpd tinubu met it to 1.7mbpd it is today,quantify that revenues leap to how much we were loosing under buhari.

To boost much needed investment in the the oil and gas sector the govt needed those fiscal measures to boost revenues and remember its nigerians that will work in these places.

Its also wrong for the rich to be buying subsidised dollars at 800,thats why govt also stopped that subsidy, buy ur dollar at the market rate,it has eliminated arbitrage and govt losses on those subsidies

Buhari was borrowing to pay subsidy but Tinubu who stopped paying subsidy has out borrowed Buhari and Jonathan combined.
Out of the 68 trn budget, how much of it has been implemented when we're running 3 budgets concurrently.


Tinubu has eliminated dollar arbitrage but in the same breath granted over 30 trn waivers to his cronies?



Did you think I conjured the 17 trillion naira?

Source: Punch Newspapers https://share.google/i9V7OOkTe4uF0g3NP

Kukutente23:
Stop the lying
Jonathan govt resuscitated Lagos to Kano rail, built Abuja-Kaduna rail and constructed Bida-Mokwa-Jebba road.
Buhari did Lagos-Ibadan rail, Abuja-Kaduna road and 2nd Niger bridge
Nigeria did not start to exist with Tinubu govt
And when are you going to ask for the accountability? After you've worshipped them to high heavens or when you're jaded from the delirious effect of calling all opposition evil and bitter?

Listen to your self, compare what you've just said in 16years, that's a disaster, now check with the nos of project that the FG has done in less than 4years after removal of subsidy.
Nobody should ever advocate removal of subsidy, we should all focus on demanding from the Government how they use the funds.
Make una stop this talks

The worst part is that it is people who are will be most relieved if subsidy is return are the ones paid to come say nonsense as a response to Atiku's intended policy...Since you are a spirit and do not exist physically in Nigeria i ask you the following questions. Has cost of living increased?...Are most companies doing better now?...Has the level of employment improved? How much is a given value of money abke to buy now...If all the pains we are being forced to endure is a test then will the test end and the results out? Please think carefully and answer those questions in your mind... Maybe your paid masters are on this forum and might object to your exposing your sincerity here...So i urge you to be honest with yourself and answer it in your mind....

badoh:
Atiku has weighed all avenue to use to campaign against Tinubu and all failed and that is why he believes his last option is to promise to return subsidy whether the economy tumble back to retrogression doesn't concern him for now. But has he any plans to stop smuggling to neighbouring countries by the time Petrol sells below the current market price, has he any plans to prevent artificial scarcity of pms. People should be wise and not rush to the Greek gift Atiku is dangling before them. Someone said every tanker loading pms from Dangote refinery should be tracked, no be Nigeria we deh, even if you track them, these useless people will still empty the content to another tanker.

Lifestone:
Jonathan Government became broke and was unable to fund any infrastructure development or even maintain one
A whole ministry of work had budget of less than N10billion, Not to talk about the Buhari era that we have to borrow to pay salary and debt. Nigeria must never go back to such an era. What we must do now is to ask for accountability of governance, the money saved should be spent on things that directly affects Nigerians. No going back to subsidy

You can argue capital project performance unde jonathan was poor Buh what you cant take away is economic flourish recorded that trickled down to the people and most significantly moderate fisical deficit


jonathan budget vs Tinubu budget performance ...if we can throw out Jonathan How in the world does Tinunu deserve re election

Despite removing subsidy on almost everything We cantbeven finance our capital project up to 30% ... 3 budget runjing, thats world strangest 🙈 labberation

chidiokay:
Nice try buh you picked the wrong person, i am neither naive or gulible ...dont rush to mix it up

Obasanjo govt record tremendous development that reflected impact on the people

Jonathan govt record an economic that flourished both the Macro nd micro economic ... under Jonathan Nigeria recorded 2.1m bdp oil ...sadly that govt was wasteful that pdp Era

Our biggiest mistake is APC, Buhari came and did not beat any record of pdp, instead we went down, naira fall to all time low $1 to 300

Then Tinbu came with deciet, A maa gbe wa le i.e we bring it down buh from the 1st day in office Tinubu took everything Up .. under the guise of economic reform , we had the worst budget performance under Tinubu, never in the history of Nigeria have any govt policies displace the micro evonomic

You can come with a prism of tribe vs. tribe, but the real Setback is APC ...because pdp days are far better than apc era. coke was just #100

Yaradua was under PDP, the latter days of Jonathan was under PDP, the point is that we've been a rollercoaster in the hands of our government, no consistency. These reforms are sound and good. A stable exchange rate means a lot, $52billion external reserves and ramping up of crude production all points to right direction.
What's left is for us to put pressure on the government to reinvest the funds released into fixing primary health care system, educational sector, fix infrastructures, support industrial growth and promotion DFI. These are better than the evil clamour for a return to subsidy. God forbid.

Lifestone:
Listen to your self, compare what you've just said in 16years, that's a disaster, now check with the nos of project that the FG has done in less than 4years after removal of subsidy.
Nobody should ever advocate removal of subsidy, we should all focus on demanding from the Government how they use the funds.
Make una stop this talks

I challenge you to list the projects the FG has DONE in 4 years of Tinubu

chidiokay:
You can argue capital project performance unde jonathan was poor Buh what you cant take away is economic flourish recorded that trickled down to the people and most significantly moderate fisical deficit


jonathan budget vs Tinubu budget performance ...if we can throw out Jonathan How in the world does Tinunu deserve re election

Despite removing subsidy on almost everything We cantbeven finance our capital project up to 30% ... 3 budget runjing, thats world strangest 🙈 labberation

Are you sure you were in Nigeria from 2013 under Jonathan, if you are, you won't say what you've recorded above except you selects your truth. Jonathan made several attempts to remove this monster called subsidy, Jonathan era was worse with monumental fraud perpetrated under the pretence of subsidy.
Overall, this subsidy must go

Kukutente23:
I challenge you to list the projects the FG has DONE in 4 years of Tinubu

I'm on the payroll of the government, their image maker can do that. But my state government has done more than they've done before.
Guys, don't let us play politics. I'm not a fan of Tinubu as a person, but I like his reforms especially the removal of subsidy and there merger of the multiple exchange rate and the growth of the external reserves.
But this government can do better on how the funds freed are applied, there too many wastages, the size of government is too large.
NO TO SUBSIDY

Svoboda:
Buhari was borrowing to pay subsidy but Tinubu who stopped paying subsidy has out borrowed Buhari and Jonathan combined.
Out of the 68 trn budget, how much of it has been implemented when we're running 3 budgets concurrently.


Tinubu has eliminated dollar arbitrage but in the same breath granted over 30 trn waivers to his cronies?



Did you think I conjured the 17 trillion naira?

Source: Punch Newspapers https://share.google/i9V7OOkTe4uF0g3NP

The recurrent component of the budget are being met since 23,this is also money spent into the economy and used to service the country's debts......projects are equally going on and the givt hasn't grounded toba halt yet that it can't run its business again.

A larger budget with currency devaluation will require govt to expand its revenue sources to be able to keep up,same way devaluation has affected you is same way it has affected govt.........your oil revenues and tax revenues arent enough to cover these debts so you have to borrow.

Tarrif and tax Waivers are normal in every country, some to protect their industries and some to attract investments and the this policy under tinububis attracting the much needed investments in the sectors,its targeted @.

Tinubu removed subsidies, tinububis borrowing more but its showing in your states and LGAS Faac allocations commensurately,projects are ongoing all over the country.....ifvthe economy was doing badly, ur fitch ratings wouldn't have gone up.

In the link you posted,I never saw any 17tr going to Tompolo.

Lifestone:
I'm on the payroll of the government, their image maker can do that. But my state government has done more than they've done before.
Guys, don't let us play politics. I'm not a fan of Tinubu as a person, but I like his reforms especially the removal of subsidy and there merger of the multiple exchange rate and the growth of the external reserves.
But this government can do better on how the funds freed are applied, there too many wastages, the size of government is too large.
NO TO SUBSIDY

Since you're on the payroll of govt you can help the image maker out. It was you who started the comparison and now that you're asked to substantiate you revert back to flimsy excuse of not being an image maker
What projects has your state govt done that is more than anyone has done before and is Tinubu your state govt? The conversation was around Tinubu's performance not state govt
Removal of subsidy especially the haphazard way it was removed is a bad idea. How can fuel price jump over 600% and you call it a good policy?
Wait a minute, when subsidy was removed in 2012 under Jonathan which Tinubu and his goons organised against, fuel price went from N87 to N145 which was less than 100%. And crude oil was selling at over $110 per barrel. So how come fuel price is 600% now at just around $100 per barrel?
How can such daylight robbery be a good policy?

CorperKola:
The rich buying dollars or the productive getting subsidized dollars for production
You conveniently ignored that part
In fact just like dangote did during the construction of his refinery
Was the dollar not subsidized then

You forgot to mention about $3b spent on foreign education annually,these arent children of the poor,between 2010 ro 2020,$28b was spent cumulatively ,$11b spent on health care within the same period,the poor okada rider in mubi,adamawa state isn't enjoying that subsidy.

Nigerians spend an estimated $1.4 billion to $6 billion annually on imported luxury and fashion goods, consuming significant foreign exchange. The domestic luxury fashion and lifestyle market alone is valued at about $1.4 billion, while broader clothing and apparel imports—spanning high-end and general foreign wear—drain roughly $4 billion to $6 billion in foreign exchange yearly: (Ken research)......papa ugochukwu in agulu isn't enjoying the subsidy govt is paying on all these forex.

Kukutente23:
Since you're on the payroll of govt you can help the image maker out. It was you who started the comparison and now that you're asked to substantiate you revert back to flimsy excuse of not being an image maker
What projects has your state govt done that is more than anyone has done before and is Tinubu your state govt? The conversation was around Tinubu's performance not state govt
Removal of subsidy especially the haphazard way it was removed is a bad idea. How can fuel price jump over 600% and you call it a good policy?
Wait a minute, when subsidy was removed in 2012 under Jonathan which Tinubu and his goons organised against, fuel price went from N87 to N145 which was less than 100%. And crude oil was selling at over $110 per barrel. So how come fuel price is 600% now at just around $100 per barrel?
How can such daylight robbery be a good policy?

Lifestone should tell us how much he has been FORCED to pay as subsidy for the last 11 years of APC corruption in the oil sector.
I am sure he knows how long it took PDP deregulation and privatisation experts to crash the price of telecoms after the sector was reformed a quarter of a century ago.

Why won't a patriotic Nigerian want a return to the good old days of PDP prosperity, peace and security with high productivity, low unemployment and less debt burden?

anonimi:
Petrol should never cost more than N70 per litre, says APC

January 19, 2015

The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.

On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.

But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.

It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.

https://www.thecable.ng/petrol-never-cost-n70-per-litre-says-apc/

Streetinvestor2:
Ask him if it was happening before APC/Tinubu presidency happened. Was it happening when obj/Atiku presidency happened. So Atiku is right as Nigerians celebrate his announcement of returning subsidy
We celebrated it in churches today
This your post just showed how apc party and the government it brought should never have happened to Nigerians. And you want any reasonable nigeria to vote them again

If you like, celebrate it in the mosque; it's none of our business. So the likes of Rabiu, Dangote will fold their hands for Atiku to come back and scatter the economy again. Never!

Lifestone:
Jonathan Government became broke and was unable to fund any infrastructure development or even maintain one. A whole ministry of work had budget of less than N10billion, Not to talk about the Buhari era that we have to borrow to pay salary and debt. Nigeria must never go back to such an era. What we must do now is to ask for accountability of governance, the money saved should be spent on things that directly affects Nigerians. No going back to subsidy

Oga make you dey softly tell lies o. E get why god punishes liars with sudden death.

Meanwhile, any excuse for why Tinubu can't pay workers, pensioners and contractors while rolling over budgets since 2024 due to low implementation?

bumi10:
Former Rivers State Governor and current Minister for Transportation, Chibuike Amaechi has praised the former Nigeria preident, Dr. Goodluck Ebele Jonathan for his ability to complete more than 80% of his projects before leaving office.

According to Daily Post, the Minister of Transportation on Tuesday commended the immediate past administration of ex-President, Goodluck Jonathan for embarking on massive projects that have been beneficial to Nigerians.

Speaking at a Town Hall meeting in Abuja, the former Rivers State governor said his Ministry did not meet any comatose project on assumption of office. He said the President Muhammadu Buhari’s administration continued the projects of the previous administration because “We realised the impact of the recession.’

Amaechi noted that the Kaduna-Abuja railway was nearly 80% completed by the Jonathan’s administration. He said, “In the ministry of transportation, we did not meet anything comatose. We met an attempt to bring back our rail services.

“The Kaduna-Abuja railway was nearly 80% completed which we commissioned and commercial services have commenced.’’



more @ http://www.exlinklodge.com/2017/05/rotimi-amaechi-commends-ex-president.html

akpumping7720:
If you like, celebrate it in the mosque; it's none of our business. So the likes of Rabiu, Dangote will fold their hands for Atiku to come back and scatter the economy again. Never!

How does this look like scattering the economy with privatisation and deregulation policies that unleashes the productive juices of 200 million Nigerians and propels us to biggest economy in Africa

Make you shine your eyes well, see better things o.

anonimi:
How Indorama sustains manufacturers, boosts Nigeria’s FX earnings

Indorama Eleme Petrochemicals Limited (IEPL) has emerged as a major value creator in the Nigerian economy. It is responsible for the survival, growth and sustenance of many manufacturing companies in Nigeria today. A large number of plastic and allied firms depend on the Eleme-based company for petrochemical resins (or polymer resins) which serve as their raw materials.

The petrochemical company is just one of the several subsidiaries of Indorama-Nigeria Group, which also comprises Indorama Eleme Fertilizer & Chemicals Limited (IEFCL), Indorama PET Nigeria Limited, and Indorama Port Operations.

Since Indorama Corporation of Indonesia became core investor in the old Eleme Petrochemicals Company Limited (EPCL) in 2006 through privatisation programme of the Federal Government, the group has become a game changer in the Nigerian economy.

The petrochemical company has solved the major challenge facing a number of manufacturers— poor access to raw materials. Rather than scramble for foreign exchange to import inputs, the company ensures that manufacturers have access to their critical raw materials, enabling them to save costs and improve margins.

The major resins used by plastic and allied companies are polyethylene and polypropylene. Indorama produces about 45 grades of these products for various industries. About 600 of such companies in Nigeria depend on IEPL for their survival. They are estimated to have over 90,000 workers.

https://businessday.ng/real-sector/article/how-indorama-sustains-manufacturers-boosts-nigerias-fx-earnings/

Lithiumite:
The recurrent component of the budget are being met since 23,this is also money spent into the economy and used to service the country's debts......projects are equally going on and the givt hasn't grounded toba halt yet that it can't run its business again.

A larger budget with currency devaluation will require govt to expand its revenue sources to be able to keep up,same way devaluation has affected you is same way it has affected govt.........your oil revenues and tax revenues arent enough to cover these debts so you have to borrow.

Tarrif and tax Waivers are normal in every country, some to protect their industries and some to attract investments and the this policy under tinububis attracting the much needed investments in the sectors,its targeted @.

Tinubu removed subsidies, tinububis borrowing more but its showing in your states and LGAS Faac allocations commensurately,projects are ongoing all over the country.....ifvthe economy was doing badly, ur fitch ratings wouldn't have gone up.

In the link you posted,I never saw any 17tr going to Tompolo.

The focus is on capital projects. Out of the 68 trn, how much of its capital component has been implemented? In Buharis first three years he'd begun commissioning completed projects despite paying subsidy.


Your second paragraph is essentially the flip side of Tinubus horrendous decision to remove subsidy without a well thought out, robust plan. This usually happens in neoliberal economies where rent seekers encroach on the economy like rats. That's why big men like Bua and Elumelu are dancing now. Presently, the govt has to keep borrowing because it has found itself in a hell hole. The fact remains that you guys have your job cut out in trying to convince Nigerians why subsidy removal over its reinstatement is a better option.

On the link I sent, my mention of Tompolo was more or less an euphenism, but thank God there's a question of 17 trillion energy security question. If that were true, which I believe it is, won't that have been a contradiction.

Kukutente23:
Since you're on the payroll of govt you can help the image maker out. It was you who started the comparison and now that you're asked to substantiate you revert back to flimsy excuse of not being an image maker
What projects has your state govt done that is more than anyone has done before and is Tinubu your state govt? The conversation was around Tinubu's performance not state govt
Removal of subsidy especially the haphazard way it was removed is a bad idea. How can fuel price jump over 600% and you call it a good policy?
Wait a minute, when subsidy was removed in 2012 under Jonathan which Tinubu and his goons organised against, fuel price went from N87 to N145 which was less than 100%. And crude oil was selling at over $110 per barrel. So how come fuel price is 600% now at just around $100 per barrel?
How can such daylight robbery be a good policy?

Maybe you should ask your State government some questions on what he's done with your allocation. You do not have the moral to criticize a working reform when you haven't taken any effort to observe the outcome. You are a very biased analyst (that's if you are one) to wholesomely see no benefits in the subsidy removal shows you are not worthy of this discuss.
Which subsidy did Jonathan removed? Nothing, he was bullied as a sitting President, a very weak Leader, leadership is about charting a pathway to solutions, it may not be popular, but if necessary, you must do it. That's what this government has done, there can never be a pretty way to subsidy removal, it will be painful, but that's the only way out.
I'm surprised you couldn't see the connection between the reforms and increased allocation to the State Government, if you can't see it, then why are we even in this conversation?

It's true sha. One good economic policy by Bola Tinubu.

seunmsg:
“Before now, I used to visit the CBN every two weeks to lobby for FX, to survive,” —BUA speaks on the stability in Nigeria's foreign exchange markets under President

When the Presidency creates the conditions that will strengthen the naira to $1 <= 1000 naira, I'll be impressed.

Our imported goods remain expensive hence the masses continue to pay higher prices for food and other products since most of our foods, building materials etc are imported.

Strengthen of the naira should be top priority.