CSTRR:
China for all their noise, started to develop under Deng Xioping.

Who is Deng Xioping?
He was a brilliant administrator who opened up china to western investments, after decades of closure to the world which started under Mao.

Western investments and companies flowed in , and china became rich.

That's the story of china. It became rich because of America.

But somewhere in West Africa, countries are closing themselves to the west.

nairalanda1:
Because it is the nature of the beast called subsidy

Why did Gej remove subsidy partially in 2012? Because subsidy costs tripled in 2011 compared to 2010. And it was not because government bad, it was because the high oil prices then meant it cost more to refine one liter of fuel and thus subsidy costs were rising by the day. Something had to give

And he would have kept it removed if it wasn't for Nigerians being to blind to see. And tinubu and buhari doing bandwagon things.

I'm surprised you have forgotten the grumbles around GSM in the first five years.

Looks like you support subsides remaining.

Omooba77:
A former Governor of Ekiti State, Dr. Kayode Fayemi, on Tuesday, said the protest that trailed the fuel subsidy removal during the administration of President Goodluck Jonathan in 2012 was due to political interests.

Fayemi said this in his keynote address delivered at a national dialogue organised to celebrate the 60th birthday celebration of the founding National Secretary of Alliance for Democracy and Fellow, Abuja School of Social and Political Thought, Professor Udenta Udenta in Abuja.

The programme was attended by Jonathan, former Minister of Education, Dr. Oby Ezekwesili; former Minister of Aviation, Osita Chidoka, among others.

The PUNCH reports that on January 1, 2012, President Goodluck announced the removal of fuel subsidy and adjusted the pump price of petrol from N65 per litre to N141.

The decision sparked mass protests, tagged ‘Occupy nigeria’ across major cities of the country.

The price was later re-adjusted to N97, after more than a week of protests.

Petrol price was later reduced to N87 in 2015.

Jonathan faced serious backlash for the fuel price adjustment, especially from leaders of the All Progressives Congress, who were then in different opposition parties, including the defunct Action Congress of nigeria, Congress for Progressives Congress, All nigeria Peoples Party, and All Progressive Grand Alliance.

While condemning what he described as the “winners take all” style of nigeria’s democracy, Fayemi said the challenges facing the nation today cannot be solved unless the country embraced proportional representation, where the spoils of elections are shared between contestants.

According to him, the last time nigeria experienced economic development was during Jonathan’s administration

https://punchng.com/breaking-fuel-subsidy-we-played-politics-with-2012-occupy-nigeria-fayemi/

nairalanda1:


USA does not subsidise healthcare for all it's people. Instead, you pay health insurance companies premiums to do so, and even then the copay can leave an American in debt. Yes there is something called medicare, but it is for means tested poor people , not everyone, and you can be dropped by your hospital if you carry it as it does not pay much

Education at primary and secondary level is paid for via taxes. Which everyone pays. Unlike nigeria where we pay for everything via oil money which ain't sufficient. University is paid for via loans . That have to be paid back. Noting like subsidies . Maybe you may pay less of you choose to attend your state college. Maybe.

Food is not free for Americans. Unless you are very very poor, meaning you receive some assistance. Ie food stamps. Food costs money there.

Transport? Not that subsided. Public transport is good in some major cities, in other places it is so bad that if you do not have a car , wahala dey

USA does not subsidise fuel at all. Infact prices of fuel have tax added on top in some states self. Maybe the government may pay some money to the refineries there to help with costs.

Free salaries? Lol. Maybe welfare which isn't available to all, and is heavily funded by taxes.

Better take IMF advice serious.

Johnjustice:
IMF why don't you control UK and America government like you control nigeria?

America is over 20trillion in debts, yet still paying it's citizens free salaries, still subsidizing education, healthcare, transportation and food for it's people.

You people don't love nigeria, you are all about your interests on your loans.

I don't blame you imf I blame our political actors, who are lazy, we have an economic team, why listen to imperialist IMF?

onumadu:


You are 100% correct.
I also came to this conclusion by watching Youtube videos of Ghana pranksters online.
I was shocked to the bones about how SIMPLE and FREE (plus the beauty of course) Ghana women are.
Ghanaian society is about 50 to 100 years more civilized and freer than Nigerian society.
Don't take my words, just watch videos of Accra or other cities streets (people walking about), and watch Nigerian cities for comparison.
Women in Ghana are far freer (from societal and religious gags) than Nigerian women.
One can find a 60-something year old woman in Ghana in tight trousers walking freely on a busy street without problems, unlike in nigeria.
Nigerians believe that sex is the only problem in the world. Yet nigeria lacks all essential infrastructure.
Ghana can produce and distribute 24/7 electricity while nigeria cannot, with all the countless religious houses everywhere.
I think that hypocrisy and religious extremism is making Nigerians miserable in nigeria.
Ghana is a free, calm, safe, jolly-good, easygoing, civilized African country.

Sapasenator:


They are natural with all the right curves, simple, no unnecessary shakara, humble and down to earth and dem no carry religion for head like gala.

These are my criterias

1. Natural beauty with natural curves
2. Less make up and artificial enhancers.
3. Direct and straightforward with less complication.
4. Less pretense. Pretend to be holy but nack the most
5. Less religious
6. Less lies
7. Less complications


Honestly speaking, I am sold at this point.

Nigerian multi-talented comedian, Onwunarugwu Ndubuisi Joseph, popularly known by the stage name Shortcut was in the entourage that thrilled UK audience in a recently concluded comedy show.

He along with his colleagues, including mc Bob brought laughter in the faces of their guests during Sabinus Live in UK Tour, which was spearheaded by one of Africa's biggest exports comedian, Chukwuemeka Emmanuel Ejekwu, popularly called Sabinus.

Shortcut, who is proficient in shows and event packaging and MC Bob were stars of the nights in most cities in the UK toured during the show which lasted from March 7th till April 5th.

Shortcut, who is the CEO of Shortcut Entertainment has packaged high profile comedy and music shows in nigeria on behalf of his clients and he has proven to be highly competent, reliable and delivers topnotch shows that leave fun memories in the minds of guests.

He is the arrowhead in the packaging of upcoming comedy comedy show in Abuja, Sarkin Dariya Multiple Laffs. He is also packaging Brainjotter Live in Abuja coming up soon.

He was in all 14 cities tour during the Sabinus Live in UK and put up sterling performance along with MC Bob because of their unique ways of entertaining their audience.

The tour is seen as a significant millage in his comedy career, especially exposure to international audience as Sabinus particularly insisted on having him as part of the team.

It was also an opportunity to sell the Nigerian entertainment content to the global comedy. The creativity of the duo of Shortcut and MC Bob elicited excitement in the minds of Nigerians in Diaspora and other nationals in UK.

Our correspondent gathered that their demand on the international stage is on the rise following the mind-blowing performances they exhibited. It was an exciting moment for all Nigerians at the show as they saw their nationals flying their nation's flag high.

Shortcut, an outstanding skitmaker also displayed his craft in the presentation of the character of Onowu, with his traditional and unique brown and red cap outfit, a superb performance that has sparked reactions from fans.

The tour was colourful as feedbacks indicate that UK fans are eager for another entertainment experience from these Nigerian talents.

Shortcut's social media platforms have also received significant followerships, arising from the success of the tour in UK, standing at above 2 million followers across board.

Sabinus is seen as one of the biggest African comedians, MCs, and digital content creators. He gained recognition for his hilarious content and started his comedy journey in 2015 by uploading funny skits on social media platforms.

His videos often feature distinctive facial expressions that add to their humor. He has also helped in mentoring young entertainers across nigeria. Some of his mentees were recently rewarded with brand new cars for their loyalty and hard work.

horsepower102:
Many cities in the world have GDP over $500 billion while a whole country with over 220 million cannot maintain their GDP.

Continue voting in bad leadership in the name of religion and tribalism.

Cindypresh:


Landmass and population sir

Obosi is second most densely populated area in nigeria after Lagos

Try this your last statement with me again and you'll learn🙄

The Federal Competition and Consumer Protection Commission on Thursday carried out an enforcement raid at two supermarkets in the Federal Capital Territory, Abuja, to ensure adherence to price display and quantity regulations.

The Executive Secretary of the Commission, Dr Adamu Abdullahi, said the exercise targeted at reducing the high cost of food commodities nationwide, would be extended to Lagos, Port Harcourt, Ibadan, Kano, Kaduna and other cities in the coming weeks.

Abdullahi said unannounced inspections would be carried out at stores and open markets across different states as part of measures to control the abnormal price surges which had failed to respond to the appreciation of the naira in recent weeks.

The FCCPC boss further disclosed plans to raid some open major markets on Friday (today) in the FCT to checkmate the arbitrary increase in prices of consumables by traders.


During the exercise that lasted several hours, the FCCPC sealed 4 Supermarket and evacuated 33 bags of suspected fake stallion and caprice rice filled with weevils from one of the branches of the same supermarket located at 58 Adetokunbo Ademola Crescent, Wuse II.

Earlier on Thursday, the commission had ordered its operatives to intensify monitoring of both formal and informal markets to identify businesses engaged in unnecessary inflation of prices for required enforcement action.

The move was in direct response to concerns raised by consumers about the rising costs of goods, which go against the appreciation of the naira.


Food inflation has been a recurring issue influencing the steady increase of nigeria’s headline inflation of 33.2 per cent, and an unprecedented food inflation rate of 40 per cent in March 2024.

The situation was exacerbated by the extensive fall of the naira against the dollar in January and February leading to the soaring prices of essential goods and services, raising the cost of living to an all-time high.

Although the Presidency had vowed to continue its campaign against racketeers, urging Nigerians to expect a stronger naira, a significant drop in the prices of essential commodities has been elusive.

in a statement on Thursday, the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, disclosed that President Bola Tinubu had directed consumer protection agencies to ensure that the local prices reflect the rising value of the naira.

“But there is still much work to be done and this is not a time for celebration. It is a time for doubling down and working harder to ensure that inflation is sustainably brought down in short order.

“Consumer protecting regulatory agencies must step up enforcement to ensure that our people are not short-changed by enterprises that fail to reflect the prevailing exchange rates on the pricing of goods and services across the board.

“As our private and publicly-owned refineries resume operations between now and the first quarter of 2025, the nation’s cash position will dramatically improve to the extent that Nigerians can rightly expect a stronger Naira and a fair reflection of its strength in the prices of commodities in the market place,” said Ngelale.

The Presidency also assured Nigerians of better days ahead, saying the benefits of the reforms will be “more evident as the administration progresses.’’

“Once you join the rising spending power of Africa’s largest population with the historic availability of trillions of naira for consumer credit that will bolster the real sector, you will see why Nigerians will be most pleased that they elected a financial engineer and businessman as president by the end of his first term in office, even as the signs are increasingly more evident today,” the Presidential spokesman stated.

Responding to the charge, the FCCPC boss in an interview with The PUNCH on Thursday stated that the sharp practices of the supermarkets were injurious to the consumers despite a stronger naira and reduced cost of production.

He said the 4U supermarket was selling rice from Stallion and Caprice, even though these companies ceased rice production in August 2022.

It was also discovered that the prices of some products on the shelf were different from the prices at the selling point, while some commodities had no price tags.

Abdullahi further explained that necessary sanctions would be meted out to culpable persons after investigations.

He vowed to take firm measures against companies caught engaging in unfair market practices like price manipulation, excessive pricing or cartel formation.


On February 16, the FCCPC sealed Sahad Stores in the Garki area of Abuja for allegedly engaging in “misleading pricing and lack of transparency in pricing.”


Speaking on the ongoing operation, Abdullahi said, “This exercise is in continuation of our efforts to ensure that prices in the market reflect what is displayed. Nowadays, we have found out that there is a lot of pretence in what’s happening especially for markets around the major cities in the country.

“You have seen what we have done earlier with other supermarkets and sealing them but despite these efforts, some supermarkets still engage in this practice. You go to a shelf and the price displayed is different from what appears when you come to pay at the counter.

“That is not acceptable because you are frisking consumers and some of the items don’t have price tags attached to them at all. So, you are at the mercy of whoever is operating the counter. He can input whatever price you want there, and that’s not acceptable. That’s why we’re here so that practice should no longer continue.

“in addition, we found out another thing that really baffles us. Nobody knows that stallion group which has been comatose for a very long time is still in the market. What’s happening is that some people bagged their local rice in the guise that it is the same stallion or kappa that people are used to that people are buying, which is wrong.

“You are still frisking consumers, you’re collecting from them what is not due because what you want to pretend to be selling is not what you’re selling and that is bad. It is when people get home to cook that they would see they bought something else.

“Essentially, we are evacuating all the rice and they (4U Supermarket) would come to explain to us how they got that rice and we would get to the root of it. Both the producers and baggers are culpable and we would take necessary sanctions as appropriate with the Act establishing FCCPC. Every violation has its sanction and we would look at our books along with them.”

Section 69 of the FCCPC Act, 2018, states, “A person who violates any of the provisions of this part commits an offence and is liable on conviction to a fine not exceeding N50m. A body corporate that violates any of the provisions of this part commits an offence and is liable on conviction to a fine not exceeding 10 per cent of the turnover of the body corporate in the business year preceding the date of the commission of the offence.”

Due to the limited staff strength, Abdullahi noted that the commission would target select stores and open markets during the enforcement exercise.

He added, “We can’t go to all supermarkets at the same time due to our (limited) staff strength. We will be going to other general markets from tomorrow (Friday) and you will see us in the open market and what we want to do is find out what associations are doing about it.

“Cartels are not allowed in our law and we will make sure that food and commodity prices come down in this country and this is part of that effort to ensure both formal and formal markets comply with the rules of engagement. The dollar has come down and prices of goods must also come down.’’

Continuing, he stated, “Yes, this is happening in Abuja in the meantime but the last time we carried out the operation in Port-Harcourt and Lagos. This time around, Kano is on our radar. We would go to Kano, Port-Harcourt again, Lagos, Ibadan, and Kaduna and these are places that we have to check out first and other states would follow.’’

The FCCPC boss announced plans to introduce a price tracker to address the extortion of consumers by major supermarkets in the country.

“There is going to be what we call a price tracker and it will be domiciled with the Bank of Industry and it will take off the beginning of next week. in that way, we can track the prices of commodities across the country and whenever there is any hike in products we would find out why and if it is not worth it, we would know that there is hanky-panky and we can stop it fast,” Abdullahi added.


in an interview with newsmen after the raid, the General Manager of 4U Supermarket, Yunusa Yusuf, who took responsibility for the fake foreign rice, promised to expose the suppliers.

He pledged to abide by FCCPC regulations on consumer rights.

The president of the Lagos Chamber of Commerce and Industry, Gabriel Idahosa described the move as shocking and an overreach of the powers of the FCCPC.

Idahosa further stated that it did not fall within the purview of the government to regulate the prices of products in the market.

He said, “That is a very crude behaviour. The government, at any point, should not fix prices for any products. Any person who has done business knows that when there is a change in the price of your inputs, you need to sell whatever you have at the old prices to sell your stock before you go and buy at the new prices and then be able to sell at reduced prices to customers.

Consumers should not expect any immediate reduction in prices. Replacement costs of those products that are in the warehouses and markets are what the market will have to sell because the price at which they bought it must be fully recovered before they can go and buy at new prices.”

On his part, the Chief Executive Officer of the Centre for the Promotion of Private Enterprise, Muda Yusuf faulted the FCCPC. He emphasised that raiding the marketplace to enforce prices fell outside the jurisdiction of the commission.

Yusuf said, “That is ridiculous. What kind of crude action is that? That is price control. It is not their business.”

Also speaking, a facilitator with the Nigerian Economic Summit Group, Ikenna Nwosu, said.

ijebosb:
I swear the universe or maybe Twitter is keylogging me.
I saw these two twitter posts this AM.

1.) https://www.theroot.com/evilest-white-woman-on-earth-the-criminal-injustice-1826220942
2.) A Republican TPUSA ambassador proud of her daughter saying the N word.

This is America