₦airaland Forum

malali:
Let’s speak plainly — Tinubu has no plan. None. What started with hope has spiraled into blind economic pillaging.

Oil prices are crashing, yet instead of belt-tightening or fostering local production, he’s borrowing like a terminal gambler at the end of his tether. From fuel subsidy to forex, he’s removed every cushion from the average Nigerian’s life — without building a single project to show for the suffering.

Compare him to Obasanjo — who, despite criticisms, paid subsidies, built national infrastructure, secured debt forgiveness, and didn’t mortgage our children’s future in exchange for fragile IMF kudos. Tinubu? He’s selling off tomorrow for today’s press release.

He borrows with no repayment strategy, as if the loans only matter after he’s long gone. He’s looting our collective credit score, leaving a scorched-earth fiscal landscape for whoever comes next. Every contract, every deal, every policy reeks of survivalist governance — not nation-building.

We wanted a strategist.
We got a desperado with a calculator.
The painful truth: Tinubu’s presidency is costing us more than money — it’s bleeding our future.

Darkjudge24:
Some of u guys just open ur mouth waa and spill rubbish from your myopic brain and start insulting somebody whom you know that you and your parents cannot and will never attain its level, he is a former president,a former head of state, during his military era he commanded different battalion and have different medals for his gallantry and some of u guys called him a failure. Na wao

TheRealestGuy:
It is such a parochial view of life that's problematic for someone like me who is Igbo.

In our culture, we denigrate such behaviour and strongly believe that only our "Chi" charts the course of our lives, and that whatever level we will attain is not dependent on any man.

Yes everyone understands that people kiss ass and do all sorts to curry favours but the ultimate question is this - is such behaviour beneficial or detrimental to society at large?

You are unable to rise above individualistic thinking to understand that only when the collective is okay will the individual flourish.

On a final note, we have seen IGPs like Tafa Balogun thoroughly disgraced and die as a villain so if you think becoming an IGP is so wonderful, let's check back in a few years.

That's how the disgraced criminal called Abba Kyari would also have become IGP one day and people like you will see nothing wrong with it because "it's human nature to kiss ass, steal, kill and do whatever it takes" to get to the top.

What you fail to realise is that's a hobesian state of nature which every society must strive to move away from, collectively, if we are ever to become an enlightened and advanced civilisation.

I will ignore your comment about kids and whatnot cos it's inconsequential to the argument.

jericco1:
This is wrong. I believe that they should allow them to roam in other states but it should be under supervision so that it won't disturb public peace. It this bill should go on. It will lead to more hatred because those that own business outside their own states won't feel safe anymore

malali:
Modern trends are expensive, there are bad cattle herders i agree.
CNG is cheaper than petrol
There are more petrol cars on the road in Nigeria
Modern trend is electric car
Do you have an electric car ?
There is a difference between realistic and idealistic

malali:
Get well soon my friend.

malali:
Thank sir you for your comment
Alcohol sale is religious,has nothing to do with the this conversation. In the USA, a lot of "dry counties" dont sell alcohol as well. (Educate yourself if you are not aware)
Ranching would come at prohibitive cost to the average Fulani man, especially in a country where even humans cannot feed adequately due to inflationary government policies.
No deception nor hypocrisy, I am saying Nigerians should be free for all Nigerians to live and practice their trade. Whether you sell drugs as a pharmacist,or spare parts or a Fulani herder or a politician.

Obaofpigs:
See them...

No need for plenty talk. Go to the SW and bless their lands with beef

In the SE we have substituted with

Pork
Chicken
Turkey
Goats
Ducks
Bush meat
Etc etc rtc

Any of your brothers seen in the bush will DIE.

Just know this ..

yommen:
But sincerely, Obasanjo laid a poor foundation for Nigeria economy. 6 years before he came in, in 1999, dollar was stable at N22. After Obasanjo's 1 year in office by 2000, it was already at N89, that's a whopping 300% increase within a year. By the time he left in 2007, it was already N120, 500% increase. Politics aside, that is not a good foundation for our economy in the democratic dispensation.

theredaddy:
Cardoso problem might be worst than cluelessness But don't even mention Emeifele, everything that one did was just to enrich his boss, friends, associates and himself

The funds granted to rice farmers what came out of it, funnily it was these same rice farmers that bought presidency form for Emeifele need i remind you of the decietful rice pyramid Buhari commission ..
If Emiefele intervention policies yielded, we won't be in Mess as early as now ...

How can you talk of Emiefele that use over 18.9bn to 684.5m, call his name is an insult to our intelligence

Kelvinofficial:
Cordoso is one clueless IMF lackey.

Emefiele realized that by supporting Farmers and providing subsidized fertilizer and other farm input to farmers, food prices will come down. Yes, their were corruption in the scheme but at least he was able to sustain and support local production of stuffs. He was able to tame inflation and also keep the exchange rate within manageable limits, without banning crypto or the likes. He supported Bihari’s infrastructural drive, cuz if not for Buhari’s hard stance on infrastructure, our economy would’ve been worse today. Yet Nigerians lampooned him. We deserve Cordoso and the whole IMF lackeys including Wale and Tinubu. Cuz how can you tell btwn good and evil without experiencing the both sides?

God help us all 🇳🇬

grandstar:
Higher tax rates aren't really necessary. The real problem in Nigeria is the tax base. Most people do not pay taxes.

This government is not pro-business enough and it's disappointing. They seem to be managing the centre the same way they managed Lagos. Tax , borrow and spend. As long as the debt is sustainable, all is good. Their economic policies aren't far reaching enough.

If I were the government, I'd slash corporate tax to no more than 13%. India discovered in the 1990s that any time it reduced taxes, tax revenues increased. People are more readily to pay their taxes if it is low. The tax base increases. In Russia, when personal incomes taxes were slashed to 13%, tax collection picked up and many employees wanted their employers to formalize their operations so they could access consumer loans from banks.

If I were the government, I'd slash corporate tax to no more than 13%. This would not only boost investment, but also tax compliance. It would trigger an investment boom, especially Foreign Direct Investment. The federal government has no business with personal income taxes, so I won't discuss that. That is in the hands of the states.

Also end petrol and kerosene subsidies. This would reduce the size of the budget deficit. Replace it by lifting the ban or the huge protective walls on agricultural commodities the country lacks competitive or comparative advantage and place low import duties on them such as rice, wheat and poultry. Simply taxing these products (import duty) would yield at least $500m a year.

In addition, launch a massive privation programme. Privatize all international airports and seaports. It is a shame all privatization and commercialization would be postponed to Tinubu's presumed second term. I doubt whether any privatization will be free and fair, which will be troubling. One just has to look at the PHCN partial privatization programme which brought in some undercapitalized and inexperienced companies. This will leave a bad taste with the global community.

Corruption may be a big problem in this country but one must not throw the baby out with the bathwater. That is actually what many opponents of increased tax revenues focus on.

Imagine if 2024, tax revenues equals 10% of GDP and government spending is 15% of GDP leaving a deficit of 5% of GDP. By 2030 revenues increase to 15% of GDP, the deficit has been closed. Those who want to steal will do so within the 15% of GDP that accrues to the government, and not outside it.

What is important here is fiscal discipline defined by low budget deficit, or zero deficit or even a budget surplus as a percentage of GDP. Poor fiscal discipline does far more damage than corruption.

Russia for instance is a very corrupt country but it had fiscal discipline. Ghana under Rawlings had tolerable levels of corruption but it had poor fiscal discipline exposed by its high levels of budget deficits which caused the Cedi to disastrously lose its value year after year.

If Jonathan had won a second term, he would have run a more prudent economy rather than the absolute mess Buhari did. Buhari was just a complete disaster.

Kenya’s second-hand cloth dealers are lobbying against a proposal by France, Denmark, and Sweden to ban the export of second-hand clothes from the European Union (EU).

According to Reuters, the second-hand cloth trade in Kenya employs about 2 million people and provides their livelihood hence the protest against the proposed ban by the EU.

According to UN trade data, the EU exported 1.4 million tonnes of used textiles in 2022, more than twice what they exported in 2000. The three countries argued that much of these exported textiles when they cannot be resold end up as waste in their host countries adding to pollution.

They also propose that the EU apply the Basel Convention to used clothes, banning exports of hazardous textile waste and requiring informed consent to be obtained before importing textile waste.

[b]“The export of textile waste from the EU to developing countries causes significant environmental, social, and health problems. The EU has to put an end to this practice,” Denmark’s deputy permanent representative to the EU, Soren Jacobsen, told an Environment Council meeting in Brussels.
The aim of including used clothes in the Basel Convention would be to reduce or even end exports of used clothes from the EU, and instead promote the development of textile recycling within the bloc, Cyril Piquemal, France’s deputy permanent representative to the EU, said.
In Response to these Proposals, Teresia Wairimu Njenga, chair of the Mitumba Consortiumz Association of Kenya, which represents sellers of second-hand clothes told Reuters that the importation of used clothes from European countries sustained livelihood for millions of Kenyans and also generated tax revenue for the country.
Njenga denied that second-hand cloth imports contain a large batch of unusable items that end up as trash adding to pollution.[/b]

“Nobody is giving us trash by force — what we are buying is good quality clothes, and if a supplier wants to sell us trash, we would be happy to refuse their consignment,” she said.
Njenga has paid a couple of diplomatic visits to people who can influence and overturn the proposed ban on the exportation of second-hand clothing by the EU.

She has met officials in Lithuania, Finland, and Sweden to argue against the proposal.

She also planned to meet officials from the European Commission’s Directorate-General for Trade and the Directorate-General for the Environment to further push for an overturn of the proposed ban.


What To Know
Kenya imported 177,386 tonnes of used clothing in 2022, a 76% increase from the amount imported in 2013, according to U.N. trade data.
African countries including Ghana, Senegal, Nigeria, and South Africa are also significant importers of used clothing, the data shows.
Around 1%-2% of each imported bale of used clothes ends up as waste, according to research commissioned by the association and published in September last year, based on 120 interviews with importers of second-hand clothes in Nairobi.

codemaniacs:
semid4lyfe
 honeric01
airmark
naijacutee
 FOD
puskin
dominique
mukina2
OAM4J
 Mynd44
uboma
 davide470
lawyer
Sissy3
 justwise
DisGuy
Pavore9 
FarmTech

This is character assassination and libel against the lady by the OP nairaocean who has no proof that the said lady stole the phone.

Such posts should never make front page.

Codes151:
and you think removing fuel subsidies is the reason the economy is down? What is fuel subsidy? Should subsidy affect economy or fuel? Make una Dey think na.

All what we are facing are bad Buhari policies.

So far Tinubu hasn’t made any policies that should go against the economy. All they doing is trying to savage the economy. Simple. Economics