Romance › Re: True Story: Claimed She Was Virgin, Rushed Engagement by SteveDesmond: 3:50pm On May 15 |
Are you sure that you're not suffering from "mogun-ity? (Odumeje's voice) |
Properties › Re: Construction Materials Price Increases Over Selected Periods by SteveDesmond: 1:33pm On Mar 30 |
Wahala de o... May God be with us. |
Foreign Affairs › Re: I Will Do Everything To Defeat Trump & His Extremist Agenda - VP Harris by SteveDesmond: 3:56am On Jul 22, 2024 |
Just to get there?... okay, no problem, NEXT!!! |
Politics › Re: Asari Dokubo Storms Abuja With His Boys To Counter NLC Protest by SteveDesmond: 10:39pm On Aug 02, 2023 |
...beast of no nation. |
Romance › Re: Fiction by SteveDesmond: 9:39am On Jul 20, 2023 |
Can you marry someone that you can't trust? |
Romance › Re: Should I Go Report To Her Dad.....my Things Were Stolen. by SteveDesmond: 6:37am On Jul 18, 2023 |
Overlook everything and move on please. |
Celebrities › Re: Iyabo Ojo Slammed With ₦18M Tax By Lagos Government by SteveDesmond: 10:00pm On Jun 05, 2023 |
Revenge time!!! |
Politics › Re: Court Orders NLC, TUC Not To Embark On Strike by SteveDesmond: 9:56pm On Jun 05, 2023 |
Is there court in Nigeria? |
Romance › Re: My friends wife Is entering my eyes, Please Help! by SteveDesmond: 4:52am On May 31, 2023 |
Lust!!! |
Politics › Re: I Have Not Been Appointed Presidential Spokesperson - Dele Alake by SteveDesmond: 10:04pm On May 30, 2023 |
Confusion again? |
Politics › Re: Subsidy Removal Won’t Take Immediate Effect - Tinubu Clarifies by SteveDesmond: 6:34pm On May 30, 2023 |
Confusion again? |
Family › Re: My 4-Year-Old Daughter Keeps Telling Mysterious Stories About Her Past Life by SteveDesmond: 3:28pm On May 30, 2023 |
She is a blessed and flavoured child...just always make her happy and see the progress of your family. |
Politics › Re: Tinubu's First 6 Months In Office: What Are Your Expectations? by SteveDesmond: 10:01pm On May 12, 2023 |
... blaming his predecessors... |
Politics › Re: Buhari Lays ‘booby Traps’ For Incoming Government; By Punch Editorial Board by SteveDesmond: 2:30pm On May 02, 2023 |
Kudos!!! DeLaRue: That 40% salary increase was shocking. The questionable agreements the current government is rushing to sign are befuddling.
We need fiscal and monetary tightening to bring our debt profile to a sustainable level, not reckless spending.
Reckless spending = more debt, more debt = increased chance that we default on repayment, default will = crash of the naira to well over N1, 200 to $1. To put things in context, the Egyptian pound lost 50% of its value in 2022 alone. Don't think Naira cannot do the same.
Naira crash = hyper inflation which will finally turn the economy upside down.
By then, we will be in the clutches of the IMF like Ghana, Sri Lanka, Argentina, Egypt, and Lebanon.
Inflation in Lebanon is over 250%. Today, bread in that country costs 50 times as much as it did 3 years ago.
That's the equivalent of buying a N500 loaf of bread for N25,000.
All because they failed to manage their economy properly. I hope Mr Tinubu or his advisers learn from what is happening in these countries.
Tinubu needs to declare a debt state of emergency as soon as he gets in and do the following:
1. Temporary ban on salary increases 2. Ban on certain infrastructural projects for 2 years - e.g no new major road construction to be approved. Let's do patching for now 3. Orasanye report or a revised version should be implemented. Many agencies should be abolished or merged 4. Sell off non performing refineries that are still gulping tens of billions annually 5. Get rid of the hundreds of APC hangers-on now swirling around him. If tolerated, these gluttons will be the ruin of this country.
In the mean time:
1. Channel resources into education - elevate university infrastructure, keep agreements made with lecturers, and help our schools produce graduates that can compete on a global level.
2. Increase import duty exponentially on non-essential reckless imports that are destroying the value of the naira. I don't understand why my local supermarket has 4 different types of almond milk. 10 years ago, nobody had heard of almond milk, and we survived. India, Singapore, China etc have these targeted taxes. Nigeria should double - down on targeted high import taxes.
3. Spend on improving efficiency in public service delivery.
A few years ago, registering a company was complicated and in many cases required bribing CAC staff. Today, the process is as smooth as butter because the entire process has been moved online and no more bribery. The efficiency gains are massive. This approach should be adopted across all government departments. It will significantly reduce if not eliminate certain types corruption, at very little cost.
4. Pay down our debt.
5. By the end of year 2, start loosening the purse strings again, but more responsibly than the current govt. Paying down the debt significantly will help to stabilise the Naira, and help Mr Tinubu to start investing in priority infrastructure again. New roads, better schools, better hospitals etc
Instead of immediate salary increases, he should consider removing all those earning N40, 000 or below from paying any income tax. This will help a large portion of struggling salaried people without inflicting as much inflationary pain as reckless salary increases will do.
We need to take a short term pain for long term prosperity. There are no short cuts. |
Travel › Re: What Else Can A Man Do To Please A Woman. (UK EXPERIENCE) by SteveDesmond: 10:38am On Mar 15, 2023 |
Exit plan is the best option(esp. by depriving her from dependant visa) because, this is just the beginning. |
Politics › Re: FG Considers Banning Okada Across The Country by SteveDesmond: 11:29pm On Jul 21, 2022 |
Because bike was banned in Lagos due to some animalistic behaviours and you believed that your brothers were affected, do you want to make it general disaster to the nation? |
Celebrities › Re: 8 American Actors, Actresses Of Yoruba Descents by SteveDesmond: 12:22pm On Nov 12, 2021 |
Also Anthony OSEYEMI |
Celebrities › Re: 8 American Actors, Actresses Of Yoruba Descents by SteveDesmond: 12:20pm On Nov 12, 2021 |
Anthony OSEYEMI |
Jobs/Vacancies › Re: Nigeria Customs Recruitment 2019. How To Apply. 3,200 Officers To Be Recruited by SteveDesmond: 10:12pm On Jun 24, 2021 |
Shegunsmart: Has anyone received an email that he/he has been shortlisted Why is this place silent at this moment? stainlink: Post your shortlist Yes |
Jobs/Vacancies › Re: Nigeria Customs Recruitment 2019. How To Apply. 3,200 Officers To Be Recruited by SteveDesmond: 1:56pm On Jun 24, 2021 |
Someone should confirm this:
|
Politics › Re: Twitter Suspension: Bruno Maçães Reacts 'This Seems Like A Reasonable Decision' by SteveDesmond: 9:05am On Jun 05, 2021 |
Our leaders in Nigeria are still in 2go age, you need to support their backwardness. |
Politics › Re: Pantami: We Have Reduced Kidnapping, Banditry With NIN by SteveDesmond: 2:11pm On Jun 04, 2021 |
Who can tell me the plural form of Nigeria? |
Politics › Re: Tension In Abuja Over Hundreds Of Migrating Herders From Niger republic by SteveDesmond: 9:29am On May 06, 2021 |
Hnnnnnnnnn, Nigeria my country... government of the foolanis by the cows and for the herders...it is well. |
Politics › Re: FG May Slash Civil Servants’ Salaries, Merge Agencies To Cut Cost by SteveDesmond: 8:55pm On May 04, 2021 |
With this inflation?...una well don o |
Family › Re: Is My Wife Correct On This Matter? by SteveDesmond: 8:40am On Mar 12, 2021 |
Op, you can have many wives but, think and remember that, you can only have "a mother". |
Jobs/Vacancies › Re: Nigerian Army SSC And DSSC 2016/2017 Forum by SteveDesmond: 9:53am On Jan 10, 2021 |
please the list to: sadeyoriju@yahoo.com |
Jobs/Vacancies › Re: NSCDC Recruitment 2019: How To Apply For Nigeria Civil Defence Corps by SteveDesmond: 2:00am On Mar 12, 2020 |
it is so unfortunate that, this country is moving towards Bermuda triangle in disguise by restricting some zones; would typical Hausa/Fulani guys be passing through this stress of uploading and re- uploading, upgrading and re-upgrading in all agencies military inclusive and still be the majority? |
Jobs/Vacancies › Re: NSCDC Recruitment 2019: How To Apply For Nigeria Civil Defence Corps by SteveDesmond: 3:36pm On Feb 12, 2020 |
pinkvirus, copy and paste master...was there any attestation form during registration? |
Jobs/Vacancies › Re: NSCDC Recruitment 2019: How To Apply For Nigeria Civil Defence Corps by SteveDesmond: 9:23pm On Jan 30, 2020 |
BOJO123: The most stupid comment of this year excellent... |
Jobs/Vacancies › Re: NSCDC Recruitment 2019: How To Apply For Nigeria Civil Defence Corps by SteveDesmond: 7:05am On Jan 10, 2020 |
IceTrice01: He's not normal, he's after what he'll gain. Anybody interested in the past question should quote me with his/her mail, I'll send it to you freely as I was been given freely too. sadeyoriju@yahoo.com. |
Jobs/Vacancies › Re: Nigeria Civil Defence Corps, Immigration, SSS 2012/2013 by SteveDesmond: 5:39pm On Jul 08, 2019 |
Really  ... |
Jobs/Vacancies › Re: Nigeria Civil Defence Corps, Immigration, SSS 2012/2013 by SteveDesmond: 9:01am On Jul 01, 2019 |
Happy new month my people. |