₦airaland Forum

Check now na him fellow migrant stab am ..My dad a seasoned combatant always warned me to avoid Knife fights by any which way because it could easily end up being fatal for one of the parties , it's a 50/50 thing

Sounds like family inheritance feud

How did he deceive her into believing they were married ? Is she saying he did a fake wedding ceremony?

Eniitankorede:
Completely ignorant assessment. We have been living on borrowed future. There was no more money to fund a subsidy scam that benefitted the rich importers most. Most of our oil was being diverted to foreign countries . We borrowed more money to fund a subsidy to the extent the economy was bankrupt. How can that continue without the total destruction of the economy. You need to understand basic economics beforw you start talking.

I am trained economist and you are telling me to understand basic economics? Can you ever understand economics at that level I do?

Enough of this nonsense talk of living on borrowed future that you ApC spin doctors have crafted ..

Jonathan living on borrowed future:

GDP - $540bn

Inflation - single digit

Exchange rate - 160 Naira

Debt - 8.9 trillion Naira

Fuel price- 87 Naira

Subsidy payment: $8bn annually

Economic growth: 5%

GDP per Capita - $2900

Now let's look at the data under the Tinubu govt that's not living on borrowed future:

GDP - $200bn

Inflation - triple digit

Exchange rate - 1600 Naira

Debt - 121 trillion Naira

Fuel price- 960 Naira

Subsidy payment: 15 trillion Naira

Economic growth: 2.9%

GDP per Capita: $800


If in the face of real data you don't know that the current govt is the one living on borrowed future then I don't know what to do.

I have never predicted anything wrong before and I can assure this govt is see will not achieve anything in 8 years , if Tinubu is able to get the nIgerian GDP per Capita to 1500 dollars it will be a miracle .. you guys are empty.

Lies , see how they carefully chose the figure 6 million so it matches holocaust death figures so Trump can be likened to Hitler

He has misled a lot of youth

Enough of the carbon Fraud

Eniitankorede:
Can you tell me how sensible your statement is? Remember that the importing cabal were the ones benefiting from the subsidy.

The entire Nigeria economy was benefiting from the fuel subsidy not just importers and you can clearly see how half our GDP was wiped out within months of it's removal and every Nigerian became significantly poorer .

Today only the importers are benefiting as they as selling you cheap flex Petro at outrageous price and you can see that reflecting in the sudden stupendous growth of some of them

mrvitalis:
How u guys believe subsidy has been removed even with clear evidence it hasn't us surprising to me

We are not really smart in this country ooh

Check all my previous post , I was the first to call out the Tinubu govt for still paying subsidy....You should know when we say fuel subsidy removal we mean the reckless hike in Petro prices by the Tinubu administration for the benefit of his interest in the downstream sector . On paper the govt claims they have removed subsidy just like Buhari lied for years .

casualobserver:
I have already said this many times, But let me indulge you but this will be my last post in this e
Obasanjo inherited an economy where oil price was $15 a barrel on the day of his inauguration, it steadily rose to end the year 1999 at $25 a barrel. So in his first 6 months in office he was fortunate through no action of his own to see more than a 60% rise in oil revenues.
2: by the time he left office in 2007 oil continued that steady rise throughout hiis administration Such that by the time he left office, oil was $67 a barrel more than 300% increase.

No president since 1999 has been so lucky to preside over a 300% increase in oil revenues consistent throughout his tenure. Therefore there was corresponding growth as a result.

Buhari on the other hand inherited an economy with crude oil at $64 (pic 3) on May 2015 and it went steadily downwards from there. Don’t forget prior to his assumption of office Oil had been $100+ and has been falling. Our economic fortunes were already plummeting under Jonathan. The resulting downturn was what led to Buhari’s victory in the 1st place. To compound matters for Buhari, our production fell from
2.3m to 1m by the time he left office in 2023. As at the time Buhari left office, the price of crude was $75. Not only was the price lower than his predecessor GEJ but the amount available to sell was half.

Any economy is always a comparison with the past. OBJ presided over an economy for 8 years where the price was double triple or quadruple of what Babangida or Abacha ever saw for 15 years. So without doing anything or any sound economic policies, providence blessed him with a buoyant economy and he didn’t do anything with the money except pay off some of our loans. Banagida built a new city Abuja, 3rd mainland bridge, shiroro dam with a lower price of crude. They were in power for the same number of years.

Since we judge economic growth based on where the economy was before, The benchmark for Buhari was an economy where oil was $100 under Jonathan so his timing was cursed and he was always going to struggle. His economy was never going to be good. That said as a poor economic manager, he didn’t help himself either in many ways.

You may find some telling you oil price went to $100 under Buhari. They are just being mischievous. While it is true, it was very brief and like I said we were producing half the oil as under Jonathan or Obasanjo.

Since you are only interested in comparing Buhari to OBJ. The summary is under OBJ, our oil Income was an average of 300% of what he met, while under Buhari, the oil revenue he had throughout his tenure was less than his predecessor. As price of oil goes so goes the Nigerian economy because we import everything!

You are either a senseless person or you are diabolically wicked with zero honor in U

SmartPolician:
Now that they want to rebase the economy and add money earned from harlotry and armed robbery to GDP, Tinubu wil do his abracadabra with the Statistician General of the Federation to increase Nigeria's GDP to $1 trillion and GDP per capita to $5,000.

No international finance institute will fall for any fake rebase

Quelme:
Fake stat....

Mumu person

That's commendable, true didn't hear so much boat accidents las year like we did in 2023 ...the primary causes of boat accidents in Nigeria are :

1 Overloading

2. Inexperienced boatmanship

3. Obstructed waterways

As a user a regular user of Lagos roads there are very few places you can even exceed 80kph because either the roads are bad or it's congested .. right now the only place you can do that will be third mainland bridge and the Gbagada oshodi road

The fuel subsidy removal was done in in bad faith and it clearly only benefits a certain fuel importing cabal.

Seems third world war might end up being America vs Nato

Nothing Zelensky fears like election

Customer service has never been a thing in Nigeria

Kabir2Mohammad:
they don't use bank accounts, that's why cashless policy would have play a significant role in ending kidnap for ransom as victim family will find it difficult raise cash for terrorist

You didn't know this country they will still buy dollars and make the payment

GanagiBitrus:
How is this ₦250m ransom paid - in cash or bank transfer?
Do the kidnappers operate bank account?

Usually cash

One of the Legacy of Buhari NIN agenda done to provide easy route to citizenship for his Niegerien brothers

Kemetian:
This Hundeyin and his slave mentality to Trump.

Who begged him for all this one?

Typical dumbass Nigerian mumu sucking up to white racists who can’t stand the sight of you.

Male version of Kemi Badenoch!

Mr Andrew do you even understand what's happening?

Acekidc4:
And so🤔

Try and have some shame

Trump never offered them anything

All just to give Tinubu another easy path to victory

Such a terrible set of Humans

Tit for Tat , Biden set the precedence

This will lead to a 7.5 percent inflation

LegendHero:
We will rebase the GDP this year and emerge the largest economy.

I guess world bank leader already knows that from the inside.

If you don’t know that by now too, then you’re not well informed.

Before you rebase there must be some substance and growth in the economy.. currently all the related numbers show economic disaster

IpobAntidote:
I was already a US citizen before your father met your mother not to talk of you being born.
We are not talking about your Agulu beerfraud jungle.
STFU and FVCK off.

What manner of low IQ talks is this ? What's my business if you are an American citizen? when my family started producing American citizens your grandfather still dey village ..You think you are talking to one of your APC urchins that are first generation graduates in their family?