₦airaland Forum

Seem the masses have no control over how debt that affects them are incurred and the kind of projects executed with the debts in Africa.
I suggest there be Referendum to determine if debt be incurred and for the projects.
Looking around africa, we see projects with little impact being executed with huge debts that becomes huge repayment burden to all.

Before any major debt is incurred and major project embarked upon, the wider populace be allowed to vote whether the project is worth it and should be done or not.

Summary: in the middle of their joy ride, accident interrupted.

After appointing thousands of aides, our leaders cannot sign sensible agreements.

lecturer22:
Are the other top economies not defending their currency? And is value of currency directly synonymous with size of economy?

some are. Egypt used to.
That still doesn't change the idea of false giants we have conferred on ourselves.

SarkinYarki:
You are a very evil monster , is this the new way u want to denigrate the effort of PDP now that your evil party APC candy add any value to our GDP...is the current Tinubu govt not defending the naira with an average of 170m dollars weekly?

APC is is a failed party filled with dumb evil humans

No sir.

madridguy:
1. My own interpretation simply means, the father as the head of the family doing everything possible for his family ( wife and children ) to be happy.

2. A father protecting his family, putting his own head down for the safety of his family. i.e, if anyone trying to attack a family, the father will be the one to receive the bullet for his family.

To cap it all, na all this sacrifice dey make man die quick.

The father(Tinubu) is indeed sacrificing the children (poor masses) as we can all see.

The picture shows a hammer applying economic pressure to humans(nails) who instead of yielding by going into the wood(harsh economic conditions) are being disfigured (hunger/ malnutrition). Yet the wicked hammer refuses to stop hitting.

NNPCL says there is under recovery that brings petrol pump prices much lower than actual landing cost but marketers are harassing Dangote and poisoning the mind of the masses with hopes of N600/litre of petrol.

Why has the NNPCL kept silent all along?

Nigeria is a strange place my people.

Out refineries can work in one month if the canal want it to.
With the way things are, even if it manages to work, they can always underreport the true level of production and divert the rest claiming that the plant are old and thus inefficient. The solution is to sack every living thing in those refinery.

Paraman:
NNPCL should be buying diesel and petrol from Dangote refinery till the NNPCL refinery is ready

Your first sensible post on this saga.

Nigerians remain jobless while Maltese are employed.
Yahooo yahooo country.

Can that family of 5 produce 70k-100k worth of goods or services every week? That should be the real issue.

We feel too entitled most times.

Racoon:
No sir. Nigeria is unfortunate to have 2 dumbasses it never deserved as leaders

Your data looks beautiful and well presented but on a closer look, it is a summary of the effects of Naira defence based on available petrodollar.

kufre2010:
Yes they did

That means Forbes robbed the likes of Adenuga, Dangote, and Alakija when they downgraded their position so swiftly on rich lists.

Doing simple maths with our propped up Naira value then and now, we see a Naira that was supported to exchange for around N450 artificially sharply move to around N1550 after floating.

The above means we magnified our actual size by around 3.5 times all the while we were claiming to be the biggest in Africa. We weren't even in the top 5 in Africa.

Saying we were once Africa's biggest economy was very inaccurate. All the time the average Nigerian was reported to be surviving on around $2/day, it was actually around $0.55/day without the exchange rate altering Naira defence in place.

I wonder what Nairalanders think.

The idea of a big economy was rigged.

You take dollar from crude sales and forcefully use it to bring naira to a dollar rate to N450 when same Naira could have gone for around N1600 it currently is going for. That means we expanded the value of our economy by 3.5 and were never really Africa's largest economy or even in the top 5. Obi is impressing only some dull brain in fixed deposit of political loyalty.

Workers or earners?
Association of earning idlers.

helinues:
Oshey baddest

All the best to those who still have the intentions of protesting in their home region, take not of the word home

Always talking deranged. When you want to collect levy in oshodi park, you dont ask for region o.

Exactly. Fix them and end the idea of monopoly on the spot. But they are liars who wont do what they are suppose to because they are the beneficiaries of the comatose refineries.

“Of course, he also wants monopoly because if they don’t import now and there is no other local source of production, he will total monopoly and can dictate the price. That is really frightening”.

“We are in a state of emergency. The cost of living in Nigeria now is too high. Anything that can be done to bring down the cost of living will calm the mood of the people. The suffering is just too much”.

Suddenly they realize there is hardship when opportune to make a scapegoat out of a businessman.
Why not fix the refineries under you instead of poking nose into private affair.
If Dangote cant get crude, where will public refineries get any to refine if the manage to work?

Sheuns:
Someone invested his money into a venture and you expect him not to think of making profits?

Why can’t Mr. Sagay invest his money into garri production and sell at 300 naira a paint to help the masses.

The government put the masses in a mess and you expect a business man to come clear the mess he is also experiencing as well?

If the government can pay subsidy on imported fuel, why not allow Dangote refinery refine crude and pay him that subsidy instead. At least the money remains in the country.

They forgot that the govt have four refineries under them that can cancel out any perceived monopoly from Dangote. This whole desperation is driven by two things. Greed of those in power for personal gain and Need to offset the financial pressure they find the system in.

These people have been looking for who to rob to keep our sharing structure running. First the dead. Then dormant accounts, then retirees via pension, then loans choked, then Binance kidnap, then google data breach wuruwuru fine, now na Dangote refinery that want to hijack and run abi na rundown?
These people deserve more than stones walahi.

“The way I see Dangote and the way he operates, he is waiting to maximise the price. I also think the reason Dangote is not happy is because the price has not risen up to N1,000 per litre. He was waiting for that to happen but it is not happening”.

Whoever made this comment needs deep psychiatric evaluation. As long as prices have been deregulated and Dangote is not forcing anyone to buy, he is not doing any wrong.
Their eyes are on that refinery. This is the result of unchecked witchcraft policy and structure.

iwaeda:
No identity.It is well.

APCLand is the website you are on. His signature insults people in advance yet he roams free and disagrees with others, thereby making them swines implicitly.

iwaeda:
Toh
Total
opportunity
hopeless.

Trait of Holigan

Positives with no appreciable effects. Why?

iwaeda:
Believe this lie at your own peril. Knowing Nigeria water very well, CNG will be more expensive and scarce. Have you checked Indonesia, poor refuelling infrastructure, high maintenance cost and low quality of gas may be the bane. If I may advice you, don't jettison your petrol system for this uncertain CNG.

The fear of protest is the beginning of political promises.

They refused to diversify and instead probed for more oil as diversification strategy. Today agbado+cassava remains elusive despite abundant idle and willing hands to cultivate them. Corruption spares nothing.
A point may be reached each village is allocated their own few drums of oil to go and refine with firewood.

Paraman:
Ahmed Farouq didn't talk like a government official... The wyere don make Dangote vex

his talk aligns perfectly with and exposes the pattern of corruption holding us back in oil.
The issue here is a rotten head in form of the president. He was close to Buhari for rigging of election as far back as 2022 so should know the refinery they have used to campaign for decades needs local crude to benefit the economy.
He is pretending.

Aonkuuse:
So dangote can actually give every Nigerian 170,000 Naira and will not shake

very doable except that we are indebted to around N1m per capita and cant even feed.
Leave Dangote alone o.

I love this. Especially Anambra billlionaires. Let stop the monopolistic from running what he built over a decade and run it as monopolistic instead.

I am loving this. Finally APC is channelling their efforts towards the real source of the protest and not political adversary. Let's see how far Tinubu can reach out to the brainwashers to help quell their followers' anger.
Recall they once stoned Buhari even though he did a lot for them.