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Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi (4123 Views)

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Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by Basic123: 2:17pm On Sep 21
Nigerian Media and hypocrisy


Instead of just showunmi.

Its should have been "ATIKU former spokesman".
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by LZAA: 2:18pm On Sep 21
Now you have gotten to the point where there’s money in the local government, there’s money in the state, there’s money in the federal,” he said.

Who the hell is this lunatic?
LGAs Always had money even when bad governors were in office
Jesus!!!!
Apcheat are a posse of 🤡
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by piriton: 2:20pm On Sep 21
U
Ojuntana:
They have light in Egypt!!
Nigerians know the people who don't care about their suffering as long as they are in politics
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by sweerychick(f): 2:21pm On Sep 21
Ojuntana:
Borrowing money is not a function of GDP per capita. It's a function of government revenue vs expenditure
Even Tinubu has borrowed money to pay salaries
Go and Google budget support loans 2025
Claiming that borrowing to pay salaries is a sign of economic stress is just ignorance. Worse is that Tinubu and Buhari even borrowed to pay loans
you get time to educate data boys
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by 89green: 2:25pm On Sep 21
helinues:
They might have better light in Egypt but currently, we are doing better than them economically. Egypt are indebted to do many financial institution as they are spending money on their new city in the desert which is even less than 50% completed
Carry your wahala go front abeg
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by Iran2025: 2:29pm On Sep 21
Is Tinubu's Nigeria better than Egypt?

Tinubu must be kicked out next year
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by Nijablast: 2:29pm On Sep 21
He has spent money on so many things.
You people should leave wherever you are and go round Nigeria. It will surprise you how Tinubu will be voted for in 2027.
I went to Osun State last weekend and construction is ongoing left and right.
Nigeria has never been like this in terms of infrastructural development
Ojuntana:
It seems you struggle to understand basic things
We're talking of GDP, GDP per capita, minimum wage and life expectancy of average citizens and you're here talking about payment of salaries
What is the Nexus between economic growth and development and payment of salaries which is a revenue problem
Are you ever aware that Nigeria's revenue problem has actually ballooned under Tinubu? Man has borrowed over $15bn in just 3 years. So if you're talking about borrowing to pay salaries can you explain what Tinubu has spent $15bn in borrowing in the last 3 years with no completed project?
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by Reference(m): 2:36pm On Sep 21
So more money to States and Councils automatically translates to development or economic recovery....

Shows you these people just have no idea. What is the money for other than handing it over to contractors....what else.

What has all the money given to these units returned to the Federal purse by way of income resulting from enterprise creation and growth. Resulting from job creation, prosperity and increased personal income tax to government.

Which of these states or councils are becoming solvent and increasingly financially independent such as to position themselves for the next next stage of national development which has to be fiscal federalism....

Just tax and spend, collect and share. That is their model of governance. That is all their vision is. Money, money, money....nothing called productivity, just money, money and more money.

Four years, eight years and Nigeria will fundamentally remain the same. Nothing changed.
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by anonimi: 2:40pm On Sep 21
AnonPoet:
Launches mobilisation programme to support Tinubu’s re-election bid
What part of the below testimony resembles Egypt to this political hustler huh

thisweekng:
The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.

He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.

He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.

“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.

“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
Private sector to drive the economy

https://nairametrics.com/2023/09/01/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/

Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by Kabba1977(m): 2:43pm On Sep 21
Egypt is even better than Nigeria
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by Lovit(m): 2:50pm On Sep 21
Please let's go back to Egypt, where we are now is not good for anyone

Imagine remembering Buhari's tenure and it looks like it was heaven, fuel was N185 per litre

And yet we were complaining then o!

Let's go back to Egypt!!!!!!!

F^ck this Showunmi and his band of theives
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by Samuels90: 2:50pm On Sep 21
Ojuntana:
At least you've come to realize now that ability to pay salary by a govt is not an indicator of a bouyant economy.

There's no project that Tinubu or his alter ego Buhari embarked on that GEJ didn't as well. There only reason you didn't know about that of GEJ was because you were too brainwashed to hate his govt while now you're sycophants to this govt which is why everything looks like some miracle to you. For example, this govt is yet to complete any project in 3 years of being in office outside of the looting projects going on in FCT.
😎 you will eventually have a headache. Stop wasting your time on folks like this!
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by anonimi: 2:50pm On Sep 21
slivertongue:
Subsidy can return with a better structure
This is exactly what Atiku has proposed in order to take us back to PDP's glorious era of cheap petrol, cheap dollars, low debt & tax burden.

What would make anyone want to stay with Tinubu and Segun Sowunmi in APC's extreme poverty and insecurity shege Egypt instead of moving back to the promised land of Canaan huh

Mo0reover, Tinubu is paying subsidy illegally under a different name, to his Malta blending plant fuel importers in his continuing attempt to destroy the PDP-licensed private refinery owned by Dangote. Can there be a worse Egypt than this DOUBLE loss of paying subsidy and buying expensive petrol from Tinubu?

anonimi:
NNPCL’s subsidy payment jump by 47.9% to N7.1trn in 2024

November 26, 2025

The Nigerian National Petroleum Company Limited (NNPCL) paid a total of N7.1 trillion as subsidy for premium motor spirit (PMS) in 2024, this sum represents a 47.9 percent increase from N4.8 trillion recorded in 2023.

This is despite the government’s announcement of subsidy removal in 2023.

The company explained that the amount, which it termed ‘energy security expense’ arises when there is differential between the exchange rate used to freeze the premium motor spirit ex-coastal price and the prevailing rate at the point of import settlement.

According to the report, government had instructed that NNPC Limited cannot sell its PMS above a certain regulated price. It added that the cost of petrol import is usually much higher that the regulated price.

https://businessday.ng/news/article/nnpcls-subsidy-payment-jump-by-47-9-to-n7-1trn-in-2024/?amp

Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by rossipki: 2:52pm On Sep 21
Ojuntana:
...can you explain what Tinubu has spent $15bn in borrowing in the last 3 years with no completed project?
SHUT UP AND USE YOUR BRAIN.

WHO TOLD YOU IT TAKES 3 YEARS ONLY TO "COMPLETE PROJECTS"?

DO YOU KNOW SOME PROJECTS SPEND UP TO 3 YEARS FROM CONCEPTUALISATION TO ACTUAL START OF CONSTRUCTION?

ENVIRONMENTAL IMPACT ASSESSMENT ALONE CAN TAKE UP TO A YEAR!

SHIPPING IN AND GETTING ALL THE EQUIPMENT AND MATERIALS ON GROUND TO COMMENCE WORK CAN TAKE AN ENTIRE YEAR OR MORE!

HAVEN'T EVEN MENTIONED FEASIBILITY STUDIES OR THE MULTIPLE MEETINGS TO DETERMINE STAKEHOLDER OBLIGATIONS.

NO. YOU JUST BORROW THE MONEY TODAY, AND CONSTRUCTION STARTS TOMORROW.

KIDS WHO THINK THEY "KNOW".
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by anonimi: 2:54pm On Sep 21
HacheNoire:
The fact that he will NEVER become president already guarantees that, he will never be in position to take us back to Egypt.
He is only saying that to cajole the minority who are not intune or enlightened about our economy.
Are you more in tune with our economy than Tinubu who assessed himself as a failure all round below? Do you know what RISING means huh

anonimi:
May Day: Hunger, unemployment, insecurity real— Tinubu

According to him: “The theme demands our collective attention and serves as a stark reminder of the need to create an environment where every worker feels safe, valued, and empowered to contribute to the growth and prosperity of our nation. As your President, I assure you that this administration is committed to creating such an environment for the common good.”

On the economic hardship, he noted that while it is a global phenomenon, its effects on Nigerians are particularly severe.

Tinubu said: “I am aware of the peculiarities of the economic hardship Nigerians face—rising living costs, hunger, insecurity, unemployment, and the loss of livelihoods. These challenges are real and demand definitive solutions, which I am poised to address as your President.

https://www.vanguardngr.com/2025/05/may-day-hunger-unemployment-insecurity-real-tinubu/
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by iwaeda: 2:54pm On Sep 21
We don't mind. Sowunmi is a kid. grin grin grin angry
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by Akpaamunsi: 3:01pm On Sep 21
helinues:
They might have better light in Egypt but currently, we are doing better than them economically. Egypt are indebted to do many financial institution as they are spending money on their new city in the desert which is even less than 50% completed
Please who raised you? Jeez, churning falsehood with braggadocio.
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by donself9: 3:02pm On Sep 21
helinues:
They might have better light in Egypt but currently, we are doing better than them economically. Egypt are indebted to do many financial institution as they are spending money on their new city in the desert which is even less than 50% completed
Jist look.at what You wrote .. You insult millions of people intelligence, comparing Egypt to Nigeria ecomomic.
You talked about Egypt indebted and you could give a tangible reason

Nigeria under Tinubu has indebted Nigerians more than any govt Please For what ... subsidy saving and the hugh Loans to what Gain

Honestly, you guyz in APC are a disappointment. to logical conversations

Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by tnerro1(m): 3:05pm On Sep 21
The same tribe that opposed subsidy now love subsidy so much, no be juju be dat 🤣
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by MIKOLOWISKA: 3:09pm On Sep 21
helinues:
Those figures have been there for years with little improvement compared to the ride in Nigeria GDP even though our minimum wage still low.

Those are old glory
so where are your figures
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by helinues: 3:13pm On Sep 21
MIKOLOWISKA:
so where are your figures
Under this government A whole year, Naira to dollar rate difference was less than N50. That's what we called stability
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by MIKOLOWISKA: 3:13pm On Sep 21
PresidentAtiku:
Is Tinubu's Nigeria better than Egypts"?

People just support rubbish because of TRIBE, religion and interest, not minding if the country that warehouses them gets destroyed.

Omor I have never seen this kind of thing ooo

Atiku is now making them check if there is a better way to have removed subsidy and floated the naira than the stupid way they went about it
what is stupid about the way it was removed

What is a better way to remove it that had not failed before

It's like you enjoy fuel scarcity
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by MIKOLOWISKA: 3:14pm On Sep 21
ogolemati:
grin grin grin grin grin grin grin grin grin grin grin grin people that joined this All progressive criminals party , something happens to their thinking. Is Egypt without constant light.. please in this coming election avoid the old corrupt twins .Aso rock is not retirement home for them.nigerian was taken to below Egypt by buhari change,next level now renewed hope in hardship
is anambra or adamawa work constant light?
Be guided
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by MIKOLOWISKA: 3:19pm On Sep 21
GSP pet capita figures chief
The ones you said were cooked
helinues:
Under this government A whole year, Naira to dollar rate difference was less than N50. That's what we called stability
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by helinues: 3:21pm On Sep 21
MIKOLOWISKA:
GSP pet capita figures chief
The ones you said were cooked
No be only GSP, Na GPS

grin cheesy
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by WatchYourSix: 3:27pm On Sep 21
sweerychick:
Please let's go back to Egypt at least Egypt is more developed than Nigeria and very advanced .
Nigeria never left Egypt…..
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by MIKOLOWISKA: 3:28pm On Sep 21
helinues:
No be on GSP, Na GPS

grin cheesy
gdp na
Idena is need


Modified
Which kain mumumumu keypad bẹ dis

Idea is need
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by malakaimoscondo: 3:31pm On Sep 21
helinues:
Atiku can't even defend his subsidy returning proposal with the press, he will contradict himself.

If not because Atiku is trying to be political relevant, removing this same subsidy was part of his campaign promises before the 2023 election
did tinubu not revolt against subsidy removal in 2012?if atiku flip-flop about it.. it normal... I am articulate
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by Ilumire: 3:31pm On Sep 21
People should not allow distraction on the Subsidy issue. The Vice President Atiku was with former President Obasanjo while the Subsidy regime run, was there anything done? NOPE. If he has the policy, why was it not run during Former President Obasanjo era when he was the Vice.
Are we saying he just got the inspiration now? If he has a very good policy tell me which one they ran other than sell everything Nigeria Owned at a ridiculous price to his cronies by Mistake.

Can you tell us which one of what they sold is working now? It is also not Surprising that the failed Mambila Project also point a finger. Their Regime is what noting for all their records, The principal committed serious economic error twice. First was indigenisation sending all foreign owned company away destroying everything and the next opportunity to make it good. gracefully given by God was also thrown away selling everything wrongly by Him.

Now they are the ones shouting the most after using the 8 years to struggle.
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by malakaimoscondo: 3:34pm On Sep 21
helinues:
They might have better light in Egypt but currently, we are doing better than them economically. Egypt are indebted to so many financial institutions as they are spending money on their new city in the desert which is even less than 50% completed
the government is indebted .. an average Egyptian has a better prospect of life than a working class in Nigeria..... He enjoys security, electricity... Subsidies LNG, cheap petrol... What make u think naija a living hell is better than Egypt? I av a brother in Egypt now
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by helinues: 3:37pm On Sep 21
malakaimoscondo:
the government is indebted .. an average Egyptian has a better prospect of life than a working class in Nigeria..... He enjoys security, electricity... Subsidies LNG, cheap petrol... What make u think naija a living hell is better than Egypt? I av a brother in Egypt now
Nothing like Nelfund before in Nigeria, nothing like loans for the tertiary staff before, army Depot was concentrated in some regions before, same as army barracks, we now have them across the country

Vocational education in Nigeria is 100% free plus stipends.

Those are just few of the improvements under this government
Re: Atiku’s Subsidy Proposal Will Take Nigeria Back To Egypt - Showunmi by nedu2000(m): 3:40pm On Sep 21
Egypt is literally better than Nigeria
1 2 3 Reply

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