₦airaland Forum

Justiceleague1theLunatic:
Muchado about Shakespeare Baba owamudia e lo wa ise se ooooo

Orun ya bo, ki so ro enikan.

When everywhere scatters, nobody will be safe.

Gab1976:
Say I'm a beneficiary of Government.

I didn't get you

and when the 15k send to everybody finish nko what next ?

Dotherightthing:
The US-Iran was has caused crude oil price to up thereby leading to increase in the cost of refined products back home. As an oil-producing country we should NOT be exposed to global oil shocks.

Rather than return subsidy, the FG can do an UNCONDITIONAL CASH TRANSFER to all Nigerians based in Nigeria using BVN as a criterion.

Currently, the FG is earning a windfall from the hugh cost of crude oil in the world market.

It is only fair to take a little sum from that windfall and share to all NIGERIANS based in Nigeria who have BVN.

This will augment the energy and transportation costs that have risen astronomically as a result of the rise in crude oil caused by the US-Iran war.

It will also automatically lead to a reduction in the price of good and services and reduce the temperature of the economy.

Subsidy CANNOT work in Nigeria.

The day fuel becomes so cheap in Nigeria compared to neighbouring countries, SMUGGLING will resume on a HUGE SCALE, filling stations will horde the fuel and MASSIVE FUEL queues will return.

UNCONDITIONAL CASH TRANSFER to all Nigerians is the way forward. From Dangote to the poorest Nigerian with a BVN, everybody should get a sum.

ALL Nigerians deserve to get CASH from FG at this time not just APC members of different shade and colours or the 'poorest of the poor'.

As a BONA FIDE Nigerian, I deserve to enjoy the benefit of being a citizen of a major oil producing country without having to be an APC member or poorest of if the poor.

This UNCONDITIONAL CASH TRANSFER should continue until the war is over and crude oil returns to the normal price.

Federalofficia:
and when the 15k send to everybody finish nko what next ?

It will be monthly until the US-Iran war is over and crude price returns to normal.

Nigerians would have been saved from the shocks.

Dotherightthing:
Come on!

Nigeria is a major oil producer and our crude is even profiled - BONNY LIGHT.

We have one of the larger reserves in the world.

The measure is a temporary one while the US-Iran war lasts. After, the war, we normalise everything.

Nigeria has 240 million people to feed. 1.5 million barrels/days can barely feed the 22 million people in Lagos

Dotherightthing:
Cash transfer from the HUGE PROCEEDS from the HIGH PRICE of CRUDE in the World Market to all Nigerians using BVN.

wake up. Oga.
Your country Is poor. And your policians Are on top of the food chain.

Can your country even afford to pay minimum wage. SMH

Dotherightthing:
BVN is NOT NIN and they are negligible.

Once u get nin...then u can more easily get bvn

sulaak:
Nigeria has 240 million people to feed. 1.5 million barrels/days can barely feed the 22 million people in Lagos

Oils is at 120 usd per barrel...multiply 1.5million by 120usd..then change it into naira. And reasses ur statement.

Then add gas which we evn export more of..then add solid minerals..then add taxes..then add the plenty loans...xhange them to naira. More than 60% earn less than mininum wage. Factor that number into it . Deduct that from the proceeds

Hungrychicken:
Massive looting avenue for these politicians, I’d rather avoid that

Is it not funny that we can’t trust our own government with funds disbursement lol

Not just the government, our own people you can't trust.

For example, a lot of pensioners monies have been released, the ones meant to disburse them wickedly sit on them.

Dotherightthing:
Anyone who does not have a bank account in this day and age is NOT normal.

@bolded It will come.

Thanks... Forward to you political jobbers! If after that time no money in my alerts and receivables, both phones and Internet matters non of my business. Una don try. Na only starlink connected devices I dey use.

aswani:
Not just the government, our own people you can't trust.

For example, a lot of pensioners monies have been released, the ones meant to disburse them wickedly sit on them.

Yes, Nelfund too. I guess we learn from our leaders.👏🏽

kafeii123:
Once u get nin...then u can more easily get bvn

The number is negligible

Besides, they may have entered their true nationality when registering which automatically disqualifies them

BVN gained more prominence before NIN

Codes151:
wake up. Oga.
Your country Is poor. And your policians Are on top of the food chain.

Can your country even afford to pay minimum wage. SMH

Is it your country that has been paying workers minimum wage all this while?

The least earning civil servant(gateman/messenger) gets 110,000 monthly + wage award

sulaak:
Nigeria has 240 million people to feed. 1.5 million barrels/days can barely feed the 22 million people in Lagos

That population includes children and minors who don't qualify for the cash transfer

68 6 million. Nigerians have BVN. Let's work with that.

When the budget was drawn, USD65 was set at the crude price benchmark

Today crude oil is over USD100

Let's use the excess to cushion the citizens from the world crisis.

Dotherightthing:
That population includes children and minors who don't qualify for the cash transfer

68 6 million. Nigerians have BVN. Let's work with that.

When the budget was drawn, USD65 was set at the crude price benchmark

Today crude oil is over USD100

Let's use the excess to cushion the citizens from the world crisis.

Let's work on the $54 billion debt that has a $10 -15 billion interest repayment fee; let's work on the $25 billion spent on food imports; let's work on $6 billion on security expenditure to fund the army and police force combating some of the most brutal terrorists in the world.

You want the country to fund cash transfers to unproductive people who spend their lives being unproductive and producing children thatthey can't support., who can barely transform their environment into a modern society, or a functional society beyond religious ignorance.

sulaak:
Let's work on the $54 billion debt that has a $10 -15 billion interest repayment fee; let's work on the $25 billion spent on food imports; let's work on $6 billion on security expenditure to fund the army and police force combating some of the most brutal terrorists in the world.

You want the country to fund cash transfers to unproductive people who spend their lives being unproductive and producing children thatthey can't support., who can barely transform their environment into a modern society, or a functional society beyond religious ignorance.

You've just spoken about normal challenges that are almost always there.

But I am talking about providing a TEMPORARY SHOCK ABSORBER to the citizenry from the US-Iran war.

The FG is currently earning a huge windfall from crude oil

We deserve a dividend from that while it lasts.

Dotherightthing:
You've just spoken about normal challenges that are almost always there.

But I am talking about providing a TEMPORARY SHOCK ABSORBER to the citizenry from the US-Iran war.

The FG is currently earning a huge windfall from crude oil

We deserve a dividend from that while it lasts.

The FG is not earning any windfall. The country has a 40% JV with its external partners, as well as a forward-sale obligation from its previous government. The country also significant debt repayment.

We need to stop this oil dependency culture and investigate how billions of dollars of lithium, gold and other minerals are being smuggled out of the country.

sulaak:
The FG is not earning any windfall. The country has a 40% JV with its external partners, as well as a forward-sale obligation from its previous government. The country also significant debt repayment.

We need to stop this oil dependency culture and investigate how billions of dollars of lithium, gold and other minerals are being smuggled out of the country.

All what you mentioned were already on ground when the FG drew the budget on an estimated crude price of USD65

Today, crude is over USD100. There is a windfall.

We the citizens deserve a part of it to cushion the effect of the crisis.

Dotherightthing:
All what you mentioned were already on ground when the FG drew the budget on an estimated crude price of USD65

Today, crude is over USD100. There is a windfall.

We the citizens deserve a part of it to cushion the effect of the crisis.

Nigeria has $18 billion of Eurobond debt that has now matured after 5 years , the rate of government bonds has also gone up meaning that the government has to spend more or debt management.

BTW, the government is wasteful; the failure to fix the refineries, cut government costs (50 ministries), and the use of expensive cars and private jets are all due to the government's irresponsible fiscal policies.

sulaak:
Nigeria has $18 billion of Eurobond debt that has now matured after 5 years , the rate of government bonds has also gone up meaning that the government has to spend more or debt management.

BTW, the government is wasteful; the failure to fix the refineries, cut government costs (50 ministries), and the use of expensive cars and private jets are all due to the government's irresponsible fiscal policies.

Even the US is heavily indebted. Many countries are.

It doesn't stop the from doing cash transfer to their citizens from time to time.

Can you see that IMF is recommending my policy?