₦airaland Forum

laurel03:
50% for where? Oyo state that doesn't give LGA money in some months the best month is 5M. Seyi Makinde is one of the most useless governor when it comes to LGA autonomy. Seriously i dont know why Fg ignored this issue and if BAT want to succeed and want people to feel the impact of Fg at grassroots he should return the LGA election to INEC and give LGA full autonomy

The governors are powerful enough to command the respect of the FG but the LG aren't that powerful go command same respect from their governors.
The FG would have loved to reduce what goes to state but wouldn't try that, they know what goes on in those states and governors too knows what goes in in the LGs.

Nested corruption is the issue here.

Cc: nairalanda1

The last one we stocked is still there, I am sure when they eventually go on strike, the foods should be exhausted and help bring the strike to an early end.

The strike is bound to fail because hunger is a two-way force. It is capable of pushing one forward and pulling back.

Heavy gaming, streaming and critical communication will be great on this kind of connection. Next level.

I don’t know if Tinubu and his team are finally realizing that the problem with fuel subsidy was the monstrous corruption in it and not the subsidy itself. Most of what passed as fuel subsidy was fraud. Any government worth the name should be able to tackle the corruption and administer subsidies for the collective benefit of Nigerians.

Apt!

After getting elected, they resumed intense politics so want to cancel the last guy by undoing his deeds.

Tiktok

004gist:
why will you understand... for ur information am an economist... MSc

change career!

That's how God made it.

Why give you at that rate (N410 + N70 = N480) when they can go to black market and resell for over N700?

Maybe the process is too tedious to circumvent for our civil workers then.

Ignorance.

Ofemmanu1:
Is it your trip?

Is it your money?!

Must you condemn everything?!

Unfortunate and inconsequential potopoto basterrd condemning Technocrats.

SMH.

Sorry for your pains.

DaddyJapan:
Long overdue.



Source: https://www.thecable.ng/the-nigerian-billionaires-and-tinubus-tax-reform

Most of our GDP is in the ground in form of oil and do not go through the populace before finding its way out of the economy to London, Dubai, Paris and Switzerland. Taxing people for personal income is like taxing them for survival because they are just surviving when you consider the fact Nigerians spend the highest percentage of the income on food globally.

JasonScoolari:
[b]
If Adebayo in Lagos pays N400 on a 15mins call, Abubakar in Sokoto will pay less...

Nice one.

that's perfectly normal as long it is coming from the state specific taxes and call routing cost.

Error and catastrophy. They will simply relocate their assets and profit to leave the economy in more perils.

Why not tax nonproductive consumptions, especially the imported ones. Cigarette, wines, fashion, gadgets, and digital services like Netflix and SM? That will reduce demand for forex and strengthen the naira. It will also promote employment because the rich you are about to chase out with tax will rather invest in local production of previously imported foreign goods with their wealth than run away. Dangote is a good example.

This govt is an evil one. Ignorance is evil.

CSTRR:
Everything

You are very wrong. Economy is production centred. CBN is money and banking centred. Two very different things 99.9% of people can't differentiate.

Fujiyama:
^^^
This is inaccurate.

CBN is the bank of banks. The central one. He is right. CBN is monetary management and banking centred.
The love of money(micro economics) has made people assume whoever control money controls the economy. That's wrong. Supply of money can affect inflation but increase in production can equally effect or negate inflation so economic and currency strength goes well beyond CBN.

bigtt76:
Inflation would be lower for those periods because government defended the Naira against the USD and it was easier and cheaper to access the dollar then. Don't forget that 90% of goods in our markets were imported. If you import cheaply, definitely you sell cheaply and the people can afford it. From the period it started dawning on government that it could not afford to defend it coincided with Emefiele’s time and way into Buhari's regime. I don't think it matters whether an economist or not is the governor... CBN governors don't have executive powers over monetary policies BTW.

God bless you for this.

oche2020:
The researcher is talking about Nigeria alone.

was there global recession under those economists?

Kukutente23:
What exactly does that have to do with anything?
The research is too narrow
He should broaden it to other countries with similar economic profile like Nigeria to get something tangible

For an economy that is crude oil dependent, crude oil earnings placed side by side will have gone a long way to strengthen the point being sold to us.
What was supply and demand for forex like then too?
I remember Soludo capitalization of local banks with $6Bn, where is the 6Bn to do same today? I remember sanusi building billion naira projects in schools (ABU and more). Where is the fund to do those today?

tolue42:
We don't even have much engineers here in Nigeria, only civil engineers are practicing what they studied due to estates springing up here and there.

we have them, but they hardly practice.

Kelvinofficial:
Time changes. Inflation is constant. And we now have more mouth to feed.
No matter how you want to look at it, Long term, Nigeria needs people with balls, people that can take the fall, people like Emefiele that can take some risks. People that knows the importance of localization of economy and import substitution. We need to take outside the box approach. We don’t need people like IMF and the WB feeding us Stale economic jackshit!

EEnefiele was doing the right thing then something entered his brains and he picked a form. He also implemented policies people believed was targeted at his political rivals at party level.
The sensible thing to do was to support Dangote and substitute importation of petrol with local production. He was doing that until his naira mop up, disguised as redesign policy, turned ignorant majority against him. Tinubu needed a cheap fall guy and started deviating from a perfectly working plan because of cheap propaganda based politics. A big shame!

Hedonisco:
In other words, your long grammar means that it doesn't matter who the CBN governor is. Even MC Oluomo or Portable Zazuu can be CBN governor, and what would determine how well his tenure goes at the end of the day is the extent of "demand vs supply" of forex, and other palangolo anything goes range of circumstantial factors. How stupid does this simplistic junk sound?

You are interpreting it to the extreme in order to rubbish my point.

MC oluomo may or may not make a good CBN governor. It depends on his grasp of the issues and how well he handles them with the available resources. Blaming him or anyone for te effect of unavailable or inadquate resources is what I am against. I am not an Akpu and Ofe bigot FYI. Neither am I an amala and gbegiri bigot. I am just saying it the way it is. Soludo doesn't have dollars in his village to meet the supply shortfall. These are circumstances well beyond the CBN governor. If Dangote fires his refinery and start bring in forex as well as reducing the need for forex, demand will drop drastically and supply will be boosted, that has little or almost nothing to do with the CBN gov.

Vickyboi205:
Dr clement isong was the best with Charles soludo

stop talking what you do not know in full. Was demand as high against supply under Isong and Soludo?

In a highly political world were people are willing to take credit for circumstantial gains. Let data for demand vs supply be provided side by side and let's hear what Soludo could have done differently. Was it not Soludo who capitalized a dozen banks with $6 billion again? Where will emefiele or the new guy get such amount from if they decide to do same today?

Lets learn to balance circumstances and expectation.

Seun:
Onye Ajuju, a policy expert, has provided data which demonstrates that inflation was lower under CBN governors like Soludo and Sanusi, who were economists.

He said,
See the data below:

The analyst is talking trash. Can a CBN governor adjust demand and supply volume. They can only try to manage how demand is matched to limited supply. Emefiele was doing the right thing but when politics of scapegoating is more important than performance, we get what the current admin is doing.
I must say that this data is incomplete because he never provided data to show demand and supply level against actual supply of forex to CBN plus today, demand has been swelled by awareness of commercial opportunities via media. How many mini importers were in Nairaland under Sanausi and Soludo?
What was the volume of forex needed for petrol, raw material and machinery imports? His data are partial as far as this topic is concerned.

When will 10 schools from Nigeria be in top 500? We need that more than cheap school loans.

tbarrister:
Lol you have no other point than to resort to insulting your ummuna.

I pray for the day you'll mistakenly call only sabon gari a no man's land , that's when you'll realize that kano is not lagos. Ipob terroristt

donkey urine sipper and pork avoider. Marijuana embracer. Blood spiller. N100 a post.

Artiiclebeast:
Floating economy...

floating currency and sinking economy rather.
At least the currency.should survive the mishap if the economy sinks.

We do not want to produce now. We want to be selling crude and be living large while doing nothing productive with our strength.

tbarrister:
Lol you igbo Christians in sabon garri think you're something. Sabon garri is not even a local govt, it's under fagge LGA and it's just 1 out of the 44 local govts. Last election you tested your strength with LP in fagge LGA and even though the indigenes were divided between apc, PDP, nnpp. You guys and uour Christian population lost, LP came 3rd place.


When wike and fabura declared rivers a Christian state even though their are some Muslims there e.g asari dokubo, I didn't hear u open you filthy mouth to utter rubbish

Goat thinks I am politician like his great grandfathers and is even exposing his family secrets.

tbarrister:
I don't have time to argue with a well known ipob terroristt

a head slamming islamist who doesn't realize there are christian Kano locals and it is wrong for govt to adopt a religion.