₦airaland Forum

BlueRayDick:
Baba these things should not be subject to assumptions . I cannot wake up in the morning and I say I want to start protesting against what I assumed in my mind; people will think I’m crazy .

The RMFAC has recommended an increment that should’ve taken effect Jan 1 2023 but Buhari The Godfather of “I don’t care sytem of government “ couldn’t improvement it cos he knows the economic realities . He knows the uproar that will come from it can consume his government .

So now the head of RMFAC mentions it once again and there’s not been any statement from the president or his team suggesting they will implement it , why will I start protesting against an imagination that they will implement it ? At least let’s wait till there’s an indication the government want takes to take that fooolish path before we start hyperventilating

Nobody is requesting u outputs baba....i asked a simple question wch ws "what will you do if implemented" you said "nothing"...n I personally will do nothing......

That has been d formulae

abduleez1:
As an Obidient, I was never in support of Tinubu all through the campaign period till election day and even after the election. I was a bonafide BATman Villain.
But based on the things I've seen the man done in this past few weeks, I'm kinda glad he won.

One of the few things that made me impressed is his speed at work and also implementing the most controversial and difficult policies first.

One thing I will praise the man for and anyone who did it, whether na Obi or even Atiku is the sack and arrest of that mad man Emefiele. That man basically brought the Nigerian economy to shambles with useless and stupid policies and policy reversals. Man made himself available for political manipulation. Dude even become more popular and important than the finance minister sef.

Some of this BAT policies, while harsh and will impact people negatively (for the main time) it's needed.

Subsidy removal is sorely needed. We're all going to suffer for it but we'd be in a better place in the future. How can a country be spending #12tn on subsidy as at 2022, while last year's budget was just #17tn? Which Kain stupidity be that one. We were basically voting our funds and future for consumption.
Debts — we can't repay. Projects — we can't fund and need to borrow. Revenue — is burdened with debt servicing and whatnots to the tune of about 90% of revenue. WTF!!
The naira continues to plummet as subsidy is a major catalyst for continued devaluation since no Forex to back the naira.
Then there's also the CBN that was literally printing money for Buhari with their #23tn ways and means loan to fund the budget. How do you now come and control inflation when you basically gassing it up. Little wonder our inflation rate is at a record over 22%.


On floating of the naira, it's welcome to me. Cos how many people, manufacturers, importers and producers could access the CBNs #450 peg? If a whole Dangote and BUA the industrial giants of our country with size and scale can't access funds easily at FG's rate, then what is the hope for the smaller companies, MSMEs and individuals.

That official rate is a waste of space to me cos if CBN ain't supporting your project you're literally fvvked to source it from the black market. Emefiele basically encouraged round tripping, cos who tolerates that sort of margin between the official rate and parallel market. It was always a few exploiting this and making huge profits from it.
Now anyone can go to the bank and access funds for meaningful things.

That stupid failed redesign of naira and the hardships and unfortunate death of some Nigerians deserve serious jail term for Emefiele and his ilk. In case, people don't know that policy slowed Nigeria's GDP growth by 3% or thereabouts.
Recently some companies were posting financial reports and some of them recording losses were all posting the impact of the naira shortage in Q1.
How do you grow economy and production with this poorly thought out policies.

Do you know how much Forex in funds repatriation is trapped in Nigeria because the CBN held on to the cash because if those monies left the country it would be disastrous to the economy?
$2bn is trapped across airlines worldwide. Inside that amount, Nigeria accounts for over $800mn of airlines funds trapped in the country. Because of this Emirates airlines has ceased to operate in the country for 8 months or so.

If foreign companies see this, who the fvvk is stupid enough to come and invest when they can't repatriate funds on ROI easily after investment? Why do you think FDI continuously decreased to disastrous levels in Buhari's regime. Nigeria that was battling for the top FDI destination back in 2015 with the likes of Kenya, Rwanda, Tanzania.

With the floating of the naira, see excitement everywhere and how Nigeria is looking like a FDI destination with the policy. Nigeria has all the potential to be #1 destination for FDI in Africa because of our population, low level of development saturation, low industrialization and very young populace. But stupid economic policies like the ones our immediate presido ran can never let anyone come in unless they entertain high risks doing business here.
Let the naira float and market forces do the rest. It will stabilise and regulate itself indue time. It will drop or increase depending on the policies the govt put in place and performance of the economy.

We'll suffer for some time but If the govt embark on smart policies, the impact might be reduced and we might be better for it.

The one that crowned it all for me is this recent appointments. See the way e sweet my belle. If Tinubu like let him appoint ALL our Southern brothers including peeps from the East, e no concern me if North cries marginalisation or not. I'm in full support.

He's even considerate that his security apparatus looks balanced and I commend him for it. If not dem for shed tears.

Buhari led a nepotistic_ govt and this people never bat an eyelid. What's good for the goose is also good for the gander.
If na me, almost all top ministerial positions are going to the South. Na those assistant minister dem go see representation.

On the education subsidy stuff/ student loan, I haven't critically looked at it to give an informed opinion.

I hope spambot no reason me and my verbose like dis.

Oh...for clarity

I don't think anybody here is actually 100% against subsidy removal....but the timing and indifferences of d FG over the plight of the common man.
An FG would try to make sure that d devastating effect is not felt too much by rolling out measures as little as he can...otherwise a batch removal would be much appreciated
As far as we knew,about 800m us dolls was borrowed for a reason.

2)A free floating fx would actually result to inflation b4 it stabilises,,,Activating it even when the subsidy inflation wound is still being managed is actually stretching the common man's elasticity.

3)No comment on d tuition fees/students loan? Tuition fees kick starts by September. As it stands now for student loan, a drafted script has been carried by virtually almost all the news outlets and the ingredients in it is extremely too peppery to d common man and this might eventually break him.

Attachments:What is the reason for 7.5% vats on diesel even when the stretched common man is almost dead.

Attachments(2): I think as the number 1 Man,there must be something that must be done to upcoming 40% electricity saga cos it all boils down to d common man's pocket.....

Don't forget that A Nigerian politicians can never be trusted with patience


His appointment,seems appealing due to the fact of clipping d northerners' wings but accolades should be reserved for their displays in their respective offices...


As for Emefiele,even d devil wil definitely remove him and I think he was even to slow to act self...

In all,,,this isn't about obidients..Agbadorians or Atikulated but about Nigerians and every fingers (good or bad) must be pointed to our FG who happens yo be BAT...People are crazily suffering

Who is this Asari..??

https://twitter.com/SaharaReporters/status/1671474236483928064

larride:
That's for new student, we all know new students pay more than returning students.

Check for returning students for the same 2022/2023 session.

Nursing is 135k and Medicine is 166k.

Check it.

Oks

larride:
https://aauekpoma.edu.ng/study-at-aau/tuition-fees/

That's their tuition fees from their website.

Make una dey try confirm news first.

This is for d 2022/2023

livelongprospa:
It's easy.
Na Ekpoma student post am for twitter.

You can ask Segedinho to call Ekpoma people to confirm

I understand that Ekp fees is high but don't really know much

Realmrsean:
nothing bro..

We will not do anything..

The only thing we can do is to whyne here and call each other names , while people like sheik oasis posts laugh emoji from the comfort of his Saudi Arabian crib..

So the possibility if approval is high until we are ready to atleast do something about d gov...

For the now,we are assumed to be puppets cos there will always be excuses from fellow common men who suffers same fate whilst smiles

BlueRayDick:
Baba, I’m not a fan of Tinubu or his political ideologies , but I don’t think he will proceed with approving the 114% increment at this time .

How many state governments will adopt the new pay structure being proposed and they will be bold enough to face the people and ask them for sacrifice. Lagos state for example has money but how will Lagos state government increase the pay of people like Mudashiru Obasa by 114% and expect the residents of the state to bear with them when they say they don’t have funds to fix roads in the state ? How will they increase the pay of Desmond Elliot and come out with bold face to tell us it’s paucity of funds that has made work slow on Lagos-Badagry expressway ?

I don’t think any reasonable government will implement whatever nonsense RMAFC is proposing at this time !

assuming they implement it...what will you...I and every other common man do..


Abi no be here we dey wen dem dey share bonuses amounting to billions

Shaytun:
Nigerian legislator are one of the highest paid in the world.

They need to cut their allowances, I have always been in support of that.

The question is are we really broke

monerozi5590:
One thing I like about Tinubu is that he talks and he do the talk.

He talk say subsidy go cmot by june but d tin cmot for May....

Is Nigeria really broke

Shaytun


https://www.nairaland.com/7736023/fg-votes-n24-billion-10th

monerozi5590:
FG and NLC/TUC will bring closure on the minimum wage and other labour demand in 8 weeks time. August 14.

A lot of work is going on right now. Brainstorming and all.

Na here we dey

Shaytun:
Lol, there is a reason why no one is touching it, the recommended date was January 1, 2023.

I don’t think any assembly will be foolish enough to pass that law, and even they do which state governor or president will assent to it?

Fingers crossed..

The first I normally say is...This is Nigeria

Nezzjnr:
They might reduce the exam fees and Laboratory fees to accommodate that likely.

Why exam fees go reach 30k

Reduce ke.

.make we dey watch

Nezzjnr:
They just increased the fees for Newly Admitted Students in Uniben.

Read through...there hasn't been room for tuition fees....so this will be review and definitely increase to accommodate tuition fee by September.

monerozi5590:
The external debt burden of the 36 states and FG rises by 3 Trillion Naira due to the recent floating of the Naira .. Punch.

weda e ech 100 trillion na dem know......

Make them allow poor man breathe naim matter pass now

Shaytun:
Exactly.

I don’t think any state house of assembly or the federal house of assembly will want to look into it. Not at this time when so much is being asked of the citizen.

Any state that try to implement and amend their law on that recommendation should be called out.

And if it is upheld....what do you think a common man can do?


Has the minimum wage issue reached this stage of proposition?

Nezzjnr:
Person go just dey yarn dust anyhow

Na you call qm dust o.

Na dem know weda we broke or not to make this kind proposition

BlueRayDick:
Based on what I read on it , the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) claimed salaries of public officials , judicial officers and elected officials have not been reviewed since 2007 and that it was due for upward review this year . Somehow they are proposing a 114% pay rise .

I guess this particular matter will determine if Tinubu is any different from other presidents in the past. If they are telling us they need to remove petrol subsidy , let go education subsidy and make other tough sacrifices because Nigeria don’t have the money to continue with them, it will be totally wicked and selfish to go ahead with the new pay rise they are proposing for now . It will only mean they want the rich to keep getting richer and the poor getting poorer.

Someone like Senator Abiru of Lagos East senatorial district was the MD of a commercial bank where he resigned and contested for vacant senate seat. People like that are already made . It will be sheer wickedness for people of his caliber to get 114% pay rise while the common man in the streets( some of whom campaigned and voted for him) sink deeper down the poverty line .

I want to believe they will step it down, if not for anything but for the bad PR it will give their government

I read it but already blocked d part of my brain that processes "believing Nigerian politicians".

The might step it down to 113% cos they already knew we will adjust...........

Shaytun:
There’s no such law.

It’s a proposal by RMAFC, it hasn’t even been passed in the house of assembly both state and federal.

If only people will read the article , the headline is just a clickbait to garner response by pulse, our media houses are really something else.

It has been proposed


Is there any proposition for the ordinary man

Abeg...anybody fit verify this

Emaprince:
Let him take his own advice and stick to widening the tax net..instead of VAT here and there.

Plus purchasing power is now slipped lower . . So he might actually mean what the propagandists said.

Make una beg d agbaya n let am know say d purchasing power wey e dey stretch don almost reach e elastic limit b4 he introduced VAT on healtcare centres....

Wch kind devil enter throne so....

First 3 weeks.....poverty don rch x3........so tey e put 7.5% on non-subsidised diesel

Ebukacute:
Lol... Na baba sege contract be that

What about people wey dem dey pay to guide d pipelines

Emaprince:
And cost of governance remains untouchable.

Some people come online to sing their praises and face the harsh reality soon as that phone slid in the pocket.

When you talk ..people will either tag u obidients or hating but in reality we are damn.....

I have not seen any positive in all his policy write from day 1, no sympathy whatsoever.....people might called it balls but it is absolute wickedness and insensitivity.

No subsidy in diesel has yielded is not enough instead 7.5% levy is being imposed...

Emaprince:
Too bad, Gloriousgbola couldn't save us all..because a tree can never make a forest.

https://www.nairaland.com/7735049/nigeria-ranks-44-globally-largest

His gbola is glorious not big....

Maybe a little curve at d tip...

Emaprince:
So it's 7.5% vat on diesel.

I thought it was speculations before.

Too much taxing going on...and nothing have improved in people's earnings.

The effect will always go down to d poor......all tge policy he has made are just against the poor.....

It is pathetic and alarming......

The man doesn't give a fvck about how d poor breathe and it is becoming unbearable....No obvious change to hold on....we are just sliding down

Emaprince:
It will favour me and my family. I don't know about una.

We all wish d best for ourselves..

But of this get k-leg...man supposed voice

seankafor:
sege na real jazz man no 🧢

Lols.


Jazz na for abnormal people wey get reasons to fear or run one or two.....


The disadvantage of jazz surpass d now now efizy......

So baba,put on ur cap back

Ebukacute:
You too nwa father.. swear now say you no dey run jazz level.. mass server jefuru uzo

As long as d guy dey run street..him no go try swear....

Cos he know how e dey go

Ebukacute:
I no dey do jazz jor... I hope you are not mistaking me for segedinho😁

😂

seankafor:
sege na real jazz man no 🧢

Lols....

See Assumption

monerozi5590:
Nigeria is for everyone. Whether South or North.

When OBJ was the president, most of the service chiefs and top positions (CBN/NNPC)were headed by Southerners and Christians. Our Muslim brothers from the North waited for their time and when they got it, gave most of the juicy position to their people too.

Na lie o...

Nigeria have been gripped by d North for far too long..they have succeeded in dismantling any iota of unity all in d name of holding firm to power....

They have used d poverty/numbers formulae to "disgwagwa" whatever is left of unionism....

Check every Federal parastata,u will realise what we are talking about........

I hope there should be a level playing field this time around where a SS,SE n SW n d can apply for customs,nnpc etc etc without fear of being relegated.


The only thing I am not happy abt our ancestor is cos of d complete neglect of d poor with all the nonsense policy.....