₦airaland Forum

nairalanda1:
That's why I don't like discussing on this site. Everytime, abuse and more abuse.

It is not IMF that taught me this thing, it is quite simply realites of life.

Let's say you are producing bread, at a cost of N1500 per loaf. All your profit goes into maintanace, taxes, paying staff, and expanding your business. But then, you need to upgrade your equipment...so you take a loan. Your staff need a raise, government raises taxes, and you also want to expand your business.

Would you sell bread at N1500 forever? And would you agree if government forces you to sell that bread at N500 and then pays you a subsidy of N200 to cover your losses?

Oga, that is how reality works. The subsidy we were doing cost us billions of naira, and also 4 refineries. See as the refineries are working now that subsidy don go.

Yet in your childish mind, everything must be cheap.

Oga, better recieve some sense, and realize that life is not about what we want. At the end, no one is going to do anything for free for you.

All the countries that subsidised everything so that masses would enjoy share one thing in common with Nigeria. Massive debt as a result...and in some instances collapse.

Sorry, but people like to be paid. If it makes them IMF slaves, so be it. Maybe you go open petrol station sell petrol at N10 per liter....and then maybe we go see.


And grow up, IMF slave. Everytime, you guys encounter argument that you no like...na to call them IMF slave. ALl the countries that are IMF slaves are countries like Nigeria. Subsidies for the masses=massive debt= running to IMF for more money. Yet una no see.

nairalanda1:
.

The figures are known. Anything from between 50m-70million. Since subsidy went, it is around 40 million...largely because cost of petrol
Says who? You right? besides you see that you are not even sure.
And anyway, even if it was known, the issue with subsidy was simple. Difference between cost of production and subsidised prices which could be very wide enough to eat into government budgeting. Now that subsidy is gone, where are the proceeds?

Then, 1.5 m bpd is not enough for a nation of 200 million. If we were 2 million, it would have made sense.



That was under subsidy. Nowadays....NNPC is not only declaring a profit, but the abuses under subsidy are coming to light.


Our budget is under 50 trillion naira. Our debt is higher than that. If that is not broke , what is.? All other projects what have we done with them?

Also, our revenue is not enough for 200 million people. We should be earning in the hundreds of trillions of naira, not the paltry sums we earn.
How much is our revenue?
Dutch disease.

(And don't start talking about potential riches. Child that is intelligent, yet does not study, will still fail exam).

There are only two ways to increase revenue, its either cut your expenses or make more money. But in the case of Nigeria, we strive to make more money, but we can’t account for the one we make. We are going no where bro. Waste of energy and impoverishment of the ordinary Nigerian.
So no matter how much extra Nigeria makes, if we can't account for it, then there is no need to tax people gathering the money and sharing it among the leaders. The people should be at the center of everything the government is doing. Otherwise, nothing serious is happening.




Our tax to gdp is lower than that of Niger republique. About 70% of taxpaying Nigerians do not pay taxes to the federal and state governments.

nairalanda1:
Yeah, and at the end, it costs money to pay for the impacts.

Our tax uptake...low. Has been for years.

Oil...cannot sustain 20 million , talkless of 200million

At the end of the day, na loan dem go take to make you happy.

Welcome to relaity.

IN saner climes, the kind of tax they pay, ehn...

yarimo:
Nobody takes rivers state high court serious na, state high court that can give FUBARA the power to suspend house of assembly member or the governor can spend without appropriation.

lekanolas:
https://x.com/BashirAhmaad/status/1876596563880890492?t=OLHew7ksgnUYEozHCZdSSQ&s=19




https://newsday.com.ng/top-police-officer-daniel-amah-accepts-islam-at-emir-sanusis-palace/

nairalanda1:
You guys should stop hoping for cheaper prices of everything. That is not how life is.

People want to be paid for doing the work they do, and that includes people working in the oil industry. And since subsidy has gone (officially)...that means that wages will now come directly from the money you pay to put oil in your car. Also, the equipment needed to bring you the oil has to be repaired and maintained, and the shareholders...from big man to small man, have to be paid. I haven't even mentioned the banks and their loans.

So, petrol is not going to come down. Infact, because petrol is now controlled by the market regarding pricing, people are rushing to set up refineries here...which is long term good news for our economy, especially jobs and so forth.

Only way petrol can come down is if there is an increase in production , via competiton, or if Dangote finishes paying off his loans. Or if government gives dangote a huge tax break .

Subsides over the years were never enough to give us cheap fuel...which is why we were borrowing to pay them eventually. And people like GEJ saw the light in 2012, but tinubu and buhari led Nigerians to unwisely say no. Until the debt rising eventually forced their hand in 2023.

If you want subsides, you do as they do in saner climes and donate half your annule income to the government as tax. Yes, that is how they do it in saner climes. And the subsides do not even go to everyone...it goes to the poorest of the poor. Not to every tom, dick and harry.

AmazingGenius:
Source: https://businessday.ng/energy/article/nigeria-surpasses-1-5mbpd-crude-output-first-time-in-4-years/

Biznesworld:

https://www.youtube.com/watch?v=qln-UvYNqX0

Loan companies have taken to social media platform TikTok to shame and mock loan defaulters by posting their passport details online. This alarming practice aims to publicly humiliate individuals who have failed to repay their loans, in an attempt to coerce them into settling their debts.

The move has sparked widespread criticism, with many condemning the tactic as unethical and invasive. Privacy concerns are being raised, as sensitive personal information is being shared without consent.

Regulatory bodies and authorities are being urged to intervene and establish stricter guidelines for loan companies to prevent such exploitative practices.




https://www.google.com/amp/s/punchng.com/loan-app-sparks-outrage-by-posting-87-debtors-photos-online/%3famp

fergie001:
SOURCE

PrinceOfLagos:
Rivers State governor, Sir Siminalayi Fubara, has presented Certificates of Recognition and Staff of Office to former Niger Delta militant leader, Alhaji Mujahid Dokubo-Asari, and three others as newly recognised traditional rulers in the state.


Dokubo-Asari was presented with a certificate and staff of office as the Amanyanabo of Torusarama Piri in Degema local government area of the state.

Others are HRM, Winston Odize Alamina Oputibeya XII, as the Amanyanabo of Koniju in Okrika local government area; HRM Eze Noble Friday Uwo as the Eze Igbu-Ehuda (Ahoada) IV in Ahoada-East local hovernment area and HRH Prince Ike Ehie as the Eze Igbu Orilukwoe in Ahoada-East local government area of the state.

Presenting the certificates and staff of office to the four new traditional rulers at Government House, Port Harcourt on Tuesday, Governor Fubara urged them not to see their new positions as tool for personal aggrandizement, rather they should see it as a call for service and responsibility to help government protect lives and property in their respective domains.


The governor said: “Let me first of all, on behalf of the government, congratulate the four of you. It has not been an easy journey to get to this point. I know a lot of you have been working very hard to ensure the success of this day. Your appointment in terms of this recognition is not for personal aggrandizement, but a call for service, a responsibility to help us protect lives and property in your domains.”

He stated that though government has the power to withdraw the recognition from any traditional ruler found wanting, Fubara quickly added that it was not his intention to exercise such authority, and warned them not to use the privileged positions to create problems in their domains, but join forces with government to ensure the success of the administration in it’s avowed commitment to deliver dividends of democracy to the people.

Fubara said, “I don’t want you to see this elevation as another platform to create problems in your locality. We have the power to still withdraw the recognition, but I don’t intend to do that. So, I want you to be partners with the government to ensure that we continue to succeed.

“I know that you are all men of integrity. Support the course of governance so that we can all succeed together. It is really a privileged position, and I am very sure that you are going to use it to the best of the interest of your people.”

In his opening remarks, the State’s Commissioner for Chieftaincy and Community Affairs, Engr. Charles Amadi, said the newly recognised traditional rulers include two royal majesties and two royal highnesses, and commended Fubara for adding into the number of Rivers State Council of Traditional Rulers.

More Photos Below:

Source
Leadership Newspaper

Previous thread https://www.nairaland.com/8305807/gov-fubara-appoints-asari-dokubo-3

UltraSolid:
You are 100% correct. Post of the day award goes to you. Good precedence will be set whoever wins.

If Babalola wins then Farotimi will be punished and may go to jail for a year. Sending a huge message to public defamers and purveyors of fake news that Nigeria is no longer open to allow their business flourish.

If Farotimi wins, it will mean he has proven his case and will show many potential whistelblowers and activist what they too must do to cleanse the augean Stable and sanitise Nigeria. They should begin taking their cue from the west where whistelblowers will usually have amassed documented or video evidence, audio recordings, paper trails etc before they go public with allegations.

In fact many blockbuster films have been based on this theme in the long history of Hollywood with the conclusion always been that evidence is provided to indict the most mighty and bring them to book.

The intelligent and neutral Nigerians will simply wait for the conclusion, that will be good and development for Nigeria, whoever comes out victorious, rather than taking sides.

zero8zero:
https://www.legit.ng/nigeria/1633038-tinubu-im-fervent-peter-obi-supporter-declares-support-apc/

Glimpsetv:
Software Engineer Criticizes Verydarkman (VDM) Over Account Hack Claim and Missing ₦180M

An acclaimed Senior Software Engineer has criticized Verydarkman (VDM), a popular social media commentator and activist, over claims that his account was hacked and ₦180 million stolen.

According to the engineer, who stated that he has been in the field for over 15 years, VDM’s assertion that his website was hacked and ₦180 million stolen is highly improbable. He added that unless someone had deliberately set VDM up, it is difficult to see how such a large sum of money could be moved from his account following a website hack.

This issue has sparked mixed reactions on X, the social media platform formerly known as Twitter, now owned by Elon Musk.

Watch the video and share your thoughts in the comments.



https://www.youtube.com/watch?v=T83HJWzOasU?si=_0_iU2yswF4_Q8an

trendingnigeria:
https://punchng.com/i-have-done-more-for-rivers-wike-slams-secondus-omehia/

Bade007:
https://x.com/TohPahz/status/1871894402278560240?t=LWBqDWUc10SFrXFaJLq-ZQ&s=19
Another person also shared his own
Some are saying its for Tax.
National insurance (NI)
Pension.

TimeManager:
https://thenationonlineng.net/arewa-think-tank-lambasts-peter-obi-over-comments-on-christmas-rice-distribution-stampede/

Vikto17:
My dear Nairalanders ,, a girl l want to marry next year is consistently been stalk by her ex...

The guy called her last three months and l warn her sternly about her having anything to do with her ex... she should either choose the guy or me... in which she called the guy in my present and warn him to stay off ... she block his number too...
Just yesterday, she told me that the guy called her again with a different number.....

l told her that the last thing l will take is cheating and she should know how to handle this guy since she claim to choose me....

Honestly,, l am thinking of ending the relationship,, don't want to drag this issue into my marriage..... please anyone with experience ..how do u handle this...

KingintheNorth:
What's your Advice and opinion about this.
This is actually true life scenario and I'm posting for someone anonymously.

A guy and a lady planned to travel to the UK on a student visa together they contributed and paid the deposit. The plan and agreement was that the guy will study then the lady will work to help with the tuition fee payment of £18k 50-50. then after school everyone will go their way.

Before they traveled, the lady was subtly catching feelings for the guy but the guy was having none of it because it's just contract for him.

When they got to the UK last year, they both moved to different cities , the guy started school and she got a job and started working.

When it was time to pay the balance of the tuition, the lady refused to contribute to the payment. Claiming she doesn't have money and if she must pay it, she will have to move in with him and start acting like his wife.

The guy refused and reminded her about the agreement. She insisted on her own ideas. When she saw that the guy was not bulging she blocked him on all social media so he was not able to reach her for sometime.

When the pressure from school became too much , the guy started hustling day and night breaking his back and still covering his lectures and assignments.

The guy was tempted to remove her from his visa because he's the main visa holder and she's the dependant but he didn't , hoping that she will still fulfill her own part of the agreement.

She remained incommunicado untill the guy managed to pay off all the tuition, passed all his courses and finished school.

Few months after he finished school , she reached out and was acting all friendly. Apparently the company she was hoping to get a sponsorship from disappointed her so she was trying to buy her way into jumping on the 2 years post graduate visa the guy was about to apply for.

Remember, out of the £18k tuition , she only contributed £2k for the deposit and refused all further payments. Now she wants to give the guy £2k to take him on his post graduate visa.

The guy refused and removed her from his visa because of her wickedness and untrustworthiness.
Her visa expired and as she was not able to see a sponsor,she was asked to leave the country .now she's in Nigeria swearing for the guy. Threatening to report him to her village juju etc.

Do you think he did the right thing??

rentAcock:
The man wielding the AK-47 should be found and persecuted to the full extent of the law. I own several guns illegally but I will only use it to defend myself and family in extreme situations where my life is threatened and not over a verbal altercation.

Samantha125:
If you found her dressing like that, the you'd have two choices.

Either you respect her style of dressing or you hit the road.

You can't find someone who's comfortable and confident in her own skin and start manipulating her into losing her own self confidence for your own selfish reasons ... If you want a woman who dresses like Deeper Life sisters, then go to Deeper Life church and get yourself a Deeper Life sister.

Christian243:
I’m actually a lagosian

Animegirl:
I have a burning passion to become a wealthy and successful woman, but I'm worried that getting married and having children might force me to put my dreams on hold. I'm concerned that I won't be able to balance family life with my personal ambitions. Furthermore, the societal pressures in Nigeria, combined with the constraints of time and age, are making me feel like I'm already at a disadvantage. My desire for success is strong, but I'm fearful that having a family might mean sacrificing my dreams.

I'm really scared.

robosky02:
https://dailypost.ng/2024/12/17/fifa-best-awards-2024-full-list-of-winners/

UncleAyo:
"JESUS CHRIST IS NOT GOD"

She wrote: "I don't like to get into religious conversations but I found it very wield that Lekki Cental Mosque has this in front of their gate"