₦airaland Forum

nairalanda1:
Subsidy is bad man. I don't support any useless politicians and you are free to think I support Tinubu, but subsidy is bad

I have read enough over the past fourteen years to convince me

I have explained why . If you want to ignore it and call me agbadoe , fine. I don't care.

You dodged the actual question. Religious subsidy is useless yet was maintained and has increased since 2023 when productive petrol subsidy was kicked out. We cannot manage one but can manage the other so well.
Talk about it instead of taking some corn status.

nairalanda1:
I didn't want to comment on this thread
I don't like this government. It is corrupt, evil and not the kind of government I want.

But on subsidy removal, it was clear that it should have gone by 2023, infact by 1993

By the way Racoon, congratulations on becoming a Tinubu supporter because it seems you have seen why Tinubu was right to oppsoe subsidy removal in 2012, lol.


But in brief

1. Keep in mind that 80% of government revenue comes from oil money. Always has been for nearly 3 decades.

2. Keep in mind that until this year, for the government to be able to find money for any budget, crude oil had to be over 122 dollars in 2012, 137 dollars in 2017, 130 dollars in 2020. Consider that crude has from 2014 to a few months ago been below 80 dollars per barrel

3. So any funding for subsidy was essentially from borrowing

4. Infact Buhari was paying for subsidy by massive external borrowing against our forex revenues and also by ways and means.

5. Also the PIA passage in 2021 essentially meant that subsidy was on the way out


6. The above left us with a huge debt which Tinubu had to remove subsidy to remove the pressure on the budget

As at auguat 2022, 97% of revenue was going to debt service.

7. To bring back subsidy now means government taking money from education, health and so on to pay for the subsidy

8 Add the fact that high oil prices means that subsidy costs will be very high for the foreseeable future.

9. So that means more loans to cover the money taken from other parts of the budget and to apend on subsidy

10 GEJ, wanted to remove subsidy for the above reasons

In 2011 ,rising oil prices also were pushing costs of subsidy up. Massive smuggling was also doing same

Had subsidy gone then, it would have stabilised the economy. But as we know and as raccon would say, Tinubu and Buhari deceived Nigerians , so subsidy stayed and when oil prices fell in 2014, borrowing commenced to maintain it with the occasional paetial removal to keep costs down.


And here we are

What convinced me to stop supporting subsidy in 2012 was the fact that we were spending insane amount to fund the subsidy then. That is what woke me up.

I don't like Tinubu, and if Tinubu brings back subsidy, our debt would be triple what it is now in a few years. If not worse.

P.s .Anyone calling me apc misses the point.

What have you got to say about religious subsidy remaining and even increasing but productive petrol subsidy having to go?

Yet you say subsidy was bad.

WizardOfNG:
If you see "insults" then it may be your guilty conscience indicating some labels apply to you. Fuel subsidy was not supposed to "save" your lives.

It main purpose was to stop the bankruptcy of Nigeria because we simply did not have the funds to keep it in place. It was choking Nigeria centrally.

¹What is the main purpose of maintaining religious subsidy then?

Lately Christian pilgrim subsidy has been resumed in addition to the more massive muslim hajj subsidy.

We stopped petrol subsidy to close down SMEs but increased non-productive ones.

Petrol subsidy just happen to be the heaviest and least key to getting leaders reelected. No one can touch what imams and malams who control over 10m active voter's loyalty are getting.

Since removal of petrol subsidy wastage has gone from strength to strength.

Spy spy.

NaijaHelper1:
That is because you don't understand the war. Russia just like the US is saying that Ukraine cannot join a rival power being the US and NATO due to the fact that Ukraine is at Russia's doorsteps. The US funding Ukraine's refusal to obey Russia's directive is hypocritical because the US has done the same with it's neighbours. In fact the US almost went into a nuclear conflict during the Cuban missile crisis because Cuba was forming a communist partnership with Russia which the US was violently opposed to because Cuba is at its doorsteps. So the US stepping back from this war is the right thing for them to do because they won't allow it if they were in Russia's shoes.

You explaination makes no sense. You want Ukraine to live peacefully with six thousand russian Nukes pointing at their head and on their doorstep but dont want them to a defwnsive alliance that can resist takeover from Russia?

Now that an aggressive russian dictator has made his moves and forcefully annexed part of Ukraine into Rossyia, is Rossyia closer or farther from NATO?
You see, the proximity of NATO to a russia having as many nukes and european NATO members is useless. The bombs NATO have takes far long to reach Rossyia than for what Rossyia owns to go from Rossyia to NATO. Yes or No?

Governor/ambassador.

Somebody reinvested your deposit without your consent. Probably with higher interest in view.

zeuss:
specify the religion please

die........ the thought.

Natbrowny:
I relocated from Northern Nigeria after many years.

Best decision of my life

They are claiming monopoly of a religion which to me is a form of religious cult. Self-serving interpretations. Tribally tainted.

CyynthiaKiss:
How can you force people to wear hijab under such harsh weather?

I don’t even envy those wearing it voluntarily, but forcing it in Christian can never be tolerated …

Religion should have clear boundaries. Not in Nigeria.

Lol. Seun himself is a shariah supporter.

What if bad people take advantage and strike? Instead let them in and call their parents but not no classes.

eepeepook:
Another topic Nairaland children will masturbate over.

Nothing to say.

The agenda is to paint the adversary as invincible to allow them get their religious amnesty.

Simple. You accept N100m as ASUU leadership or see beating from thugs loyal to a certain seyi.

Useless hadith. They will tell you to mind your religion and leave "theirs" alone.

Evwn if parents are too busy hustling according what someone said. Does that prevent the school administrator from being responsible and avting decisively whenever the students err?

Too divided and partisan.

Only you used 8 comments to alert mods. It is about keeping the propaganda severely potent.

Already targetting the boost in power that goes with rainy season. Fraud.

Lets assume she is telling the truth. But the connection she will get will cover any money missed. You think she wont connect after connecting with the son?

3:34/3:36 PM four times
4:19 PM two times
Same comments from OP. It isnt about alerting the mods but about prevebt3ing alternative views from reaching the topmost spots and keeping the propaganda potently saturated.

FreeStuffsNG:
He is right.

Not only music, it is actually the whole entertainment industry in Nigeria nay Africa that is Lagos-centric and Yoruba-dominated.

Owambe is a Yoruba thing and engrained in the Yoruba culture.

Owambe driven by fraudsters lifestyle and yahooPlus.

A form of family business that will be settled with oil money.

Half-hearted bullshit.

If he truly was a content creator, fulanis wont be looking for him and be patiently waiting for power to return to them.

Instead of confronting the single tribe bringing us pain, you hear SE, SW, Afenifere, Ohaneze etc.

insidelife22:
Honestly anyone still defending Apc is the first Enemy of this country.

Patriotism means supporting your country all times and supporting your leaders only when they deserve it.

32 out of 36 governors will aoon become the enemy of Nigeria going by your partisan outrage.

Nowaday devil has taken backseat in Hollywood affairs people sell their soul to the muslim brotherhood instead. Once in a bluemoon, devil consolidates.