₦airaland Forum

Segedinho:
Oga shaytun


Baba want to maintain the deregulated price of petrol ....

Meaning irrespective of the price of dollar vs Naira, the price of petrol will stand gidigba like olumo rock....

What adjective is right to classify the statement if not "subsidy".

.I want to learn.....🙄🙄🙄

Oh, I thought you were going to ask me why the dollar crash from 948 to 790 in just 48hrs.

donjazzet:
I am pro-democracy in Africa and Russia is antithetical to that.

It’s not even Russia that is behind this. They are just taking advantage of the situation because of the anti-French sentiment.

Russia is allowing its foreign policy towards Africa to be dictated by Wagner.

GloriousGbola:
The us/west is not even their enemy to start with.

But this all comes back to what I was saying a week ago - Russia has decided that west Africa will be their next front

Not Russia, Wagner. There is a very clear distinction.

hopefulLandlord:
"Enemy of my enemy has to be my friend, right?"

You think a mercenary company that recruit borderline criminals from prison cells all over Russia, and whom even the Russia military hierarchy doesn’t want anything to do with again is your friend

donjazzet:
This is very bad.

Very.

Read up on what they try to do in Mozambique, until SADC lead by South Africa and Rwanda kicked them out.

Now their propaganda machine headed Mira Terada hiding under an NGO called Foundation to Battle injustice (FBI) have ramped up their misinformation campaign in west Africa.

These guys are sponsoring protest across west Africa.

They were kicked out of Mozambique, now they have found a willing audience in West Africa.

This is a worrisome trend in west Africa

Wagner is a threat to regional security in Africa.

This is in Ghana ooo

Tinubu might be force to approach the IMF.., o boy.

larride:
Emefiele was borrowing money from foreign club to prop up value for the naira.

13trn.

CBN is bankrupt.

E no fit better for Buhari and Emefiele.

I shudder to think what will happen when nnpc is properly investigated.

Toor.

It’s $13B bro not 13trn.

liveLongNprospa:
So basically CBN started lying very well about the FX Reserves from the moment saraki stopped being SP because nobody to compel them to report.

Hmm

He has been doing it since 2014.

They didn’t notify the senate, there is a reason why the last CBN publish report was in 2015.

liveLongNprospa:
Who has seen some of the CBN account statement?

https://nairametrics.com/2023/08/11/cbn-reveals-13-8-billion-debt-owed-to-jp-morgan-goldman-sachs-fx-forwards/

It’s a shit show.

CrystalTiger:
Who are those that benefitted from this madness ffs 😠😠?..

Buhari and Emefiele should be charged with treason..

Big treason.

They have both wrecked the economy.

Quite frankly, I’m not sure CBN has any “asset” to speak of currently, the CBN has broken so much laws I don’t even know where to start.

Wagner has really launched such a massive disinformation campaign in west Africa.

Tinubu has really been demonise in francophone west African countries.

SuperSixSeven:
Sure Ukraine has an Nazi problem which is however dwarfed by Russian racism.

The same Russian that some of your country men are now seeing as liberator against western imperialism.

Segedinho:
Is there any difference bw official rate and the one flying around


What then is unification?

You ask me to calculate using 902, if I should do that, I’ll have to calculate the previous FAAC allocation using 700 too. Since both are unofficial rate.

The koko of the matter is that the current FAAC allocation is more than doubled the previous one, both in dollar and Naira.

So if you don’t see the benefit of your state governors having much more money than before then I really can’t help you.

raumdeuter:
How is it explain and show workings how 971million is roughly the same as 2.4billion

The argument already lost its meaning.

Segedinho:
Today's price is 902 baba...........

I used naira/dollar instabilities for a reason.

Beside that,what is the rationale behind taking away subsidy and topping d FAAC allocation when in reality d money will definitely been stolen...

Lmao, we are using the official rate to calculate now.😂

Or do you want us to calculate using the black market rate?😁


The distance will be bigger niyen o

Segedinho:
Shaytun.

These are the set of people you believe whatever they dish out.

The Senate President has sent very Expensive prayers out of the insufficient blessings of over 200 Million people to himself and his already blessed colleagues at the National Assembly. pic.twitter.com/yoi8fvlsBU

— Mr Macaroni (@mrmacaroni) August 9, 2023

Wetin concern me with corrupt senators.

I’ve said it countless times, the National Assembly is one of the most corrupt institution we have in the country. Up there with the Police.

So I’m not surprised.

Wahala wahala😂😂😂😂

If Tinubu can really achieve this, it will be the greatest reform in our civil service since independence.

But I expect push back sha, those benefiting will not take this Lying down.

Different propaganda will start flying in the coming days, I’ll be here to enjoy myself sha😂

Segedinho:
He is not d one that plunged d state into the mess,neither was he conducted b4 d drastic policy....

He is doing what he thinks might reduce the suffering his people was plunged into

Nigeria practice fiscal federation.

His FAAC allocation has been tripled, to whom much his given much is expected from.

If he’s tired of working he should resign and let someone who knows how to utilize fund take charge.

Segedinho:
How has free meal programme of the past yields result??

You're underestimating the amount of corruption playing in all aspect of Nigeria....


Free meal is as stupid as it stands when you can just make living comfortable

Free meal at primary level if done properly is one of the policies that will catapult Nigeria to economic prosperity.

Don’t be divorced from reality please.

Segedinho:
You believe in Nigeria politicians and that isba major shortcoming ...now in your state of residence,what is the palliatives and how has it been??
In Edo state..there is a reduction in work rate wch will definitely hampers productivity.


A 5 day working rate results isn't seen visibly,how will a 3 day be.

Then edo people should protest that their governors should roll out a better palliative, that’s fiscal responsibility.

Segedinho:
You believe in Nigeria politicians and that isba major shortcoming ...now in your state of residence,what is the palliatives and how has it been??
In Edo state..there is a reduction in work rate wch will definitely hampers productivity.


A 5 day working rate results isn't seen visibly,how will a 3 day be.

Lagos state announced a 50% reduction in brt fare.

You can read more about it here.


https://www.vanguardngr.com/2023/07/subsidy-sanwo-olu-rolls-out-palliative-cuts-brt-danfo-fares-by-50-25/amp/

Segedinho:
You saw sundry expenses bro....

I didn't put tuition fees there.

It doesn't matter to the poor If pry school cost zero naira....alot of children will be branches in whatever meagre biz a parent decide to indulge in ..

You will see alot of hawkers ......

Causes and symptoms.

Poor Parent will send their kid to school, if they are guaranteed free meal everyday.

In fact they will pray for school to be opened on weekends.

Segedinho:
You see why we called him a fool for an ill-planned policy??

It is about 70days since he announced d removal,what has he done to maybe make people see reasons...

It’s not an ill planned policy, it’s a policy that has been in place since 2021.

Various state governor’s have announced palliative measures.

I’ll prefer you look to your state government to ease subsidy pain than the federal government.

Segedinho:
You saw recently d amount that was posted for unity school n probably blv d gov gives a hoot about the children outa school

Despite that,the ripple effect of subsidy removal will kick more outa school...

Whether you like it or not,sundry expenses will still force the children out as the parents wouldn't want to pass his meagre salary on those increased expenses...

I don’t think there was any introduction of tuition fee in the unity school. Unity school still remain tuition free.

Nevertheless, what I want is the total elimination of whatever fee is being paid in public schools.

If government cannot fund school uniforms, then let student wear whatever they like, cancel registration fee also.

It should cost a Parent zero Naira to enroll their ward in a public school.

All this I hope to see starting from next year, with an education minister in place and budget approved.

Segedinho:
If 20m were out of school ..how many do u think would be out now when the hardship have quadrupled and school fees increased

I’m more concerned on Primary and Secondary education.

That’s what the government should focus on, leave tertiary education alone.

And eliminate all forms of fee in Primary and secondary, I support subsidy payment on grassroots education with my full chest.

Introduce school feeding program expecially at the primary level, provision of glass of milk during break time for kids under the age of ten will do more in eliminating insecurity and poverty in Nigeria than spending 350 million dollars a month defending the Naira will.

monerozi5590:
I am not defending that. Two truth can co-exist. Freely floating the currency will increase our hardship and at the same time also free up our already scarce dollars. This is what I want you to get.

I want the floating but it should be controlled by FG. Like some level of control.

Of course, it will. When they say free- floating what th we are invariably saying is managed float.

There’s no country in the world that doesn’t intervene from time to time in controlling their currency.

Segedinho:
I don't know if you are deliberately doing this or just trying to force a narrative ..

Not everyone is against subsidy removal if it plunges the country into s deep sea....

Plans are supposed to be on ground b4 embarking on such a journey....


How on earth will you remove subsidy and unify fx....isn't that suicidal to the average Nigerians??

Despite these,there are reports of the elites sharing 70b for less important ish even when we are tagged broke..

There’s no plan that will be on ground that will do much to mitigate the effect of a 250% increase in the price of a necessity good.

Stop letting them bobo you with big grammar like palliative and such, unless you are introducing another form of subsidy, people are going to feel the effect hard.

monerozi5590:
Stop saying this thing bro. Even Tinubu admitted those policies are hard policies. Tinubu is not even defending this but he said these are policies that will reposition the country in time to come. I pray so. He even promised to intervene in the FX market. Is hard to see a country that freely float her currency without any form of control from the government.

Something you can buy for 10 Naira yesterday is going for a higher price today without increase in your income, is that not some level of hardship?

NB PLC will increase prices of their products tomorrow, both alcoholic and non alcoholic drinks. Did you see their net loss on FX transaction?

See Lipton, I gave the woman 50 Naira for that small tea bag yesterday. The woman said is 60 Naira now. I was angry despite the 10 Naira difference. Beverages price don increase for market. This prices might go even higher.

When did I say that they are Easy policies?

How can removal of subsidy be an easy policy?

But as a nation we really need to figure out what is right and what are priorities should be.

The study of economics is how you allocate scarce resources, because resource is a scarce commodity all around the world.

There’s no justification whatsoever in spending more money on subsidy than on education or health, it’s an abomination.

You guys still don’t know that there is a very big fire on the mountain, the country has 20 million out of school children bro. 20 million!!, the highest in the world, those are potentially jihadist, kidnapper and armed robbers of tomorrow.

And you are here defending spending 350 million dollars a month on defending the Naira, something that only benefit the upper class.

People seeking education abroad, PTA/BTA , Medical Tourism etc Those are the people we should be spending scarce resources on? You must be joking.

liveLongNprospa:
Are you okay? Doesn't that tell you that our implementation is always a problem.
Why is it that when you guys want to defend rubbish, your ability to use your sense suddenly goes out the window.

It's that time you want every single thing to be absolutely spot on and of which you'll still rather die than admit there is a problem.

So the border closure now and everything that went with it as an example is suddenly so different from this? If I call you dumb it will be like I am insulting you and yet you are showing that you cannot at the very least use your sense when it comes to defending politicians.

Stop projecting your shallow thoughts on me bro.

I have never defended the Border closure, so I don’t know what you are talking about.

That’s the difference between me and you.

I don’t defend politicians, I defend policies. But I reckon that will be hard for you to understand seeing as you are against subsidy removal and yet voted for a candidate that promised to remove subsidy.

You will only be taken serious by me if you had been an NNPP supporter.