₦airaland Forum

backbencher:
Will Peter Obi remove subsidies on petrol and power and raise the revenue we earn from taxes?...so that we can have more revenue from crude oil and a better dollar, and more jobs and such like?

Yes, he won't.

(Won't be voting for Tinubu, and Saraki and company for the same reasons. Moghalu, yes, because he is the one most likely to do both).

Pity about the bigots.

Moghalu is the best candidate, but it seems like he doesn't have the funds and local political skills to win in a country like Nigeria.

backbencher:
Well, many African countries take loans because the source of our revenue is one...cash crop,mineral or oil.

And usually, the price of that cash crop, mineral or oil is always not at a point that can sustain us.

Zambia had a windfall from high copper prices for several years some ten years ago, then it came to an end when copper crashed.

To keep from starving..loans have to be taken.No need for us to beg world bank.

World bank even wants us to stop taking loans, but since their ideas means 'hardship' (they want Nigeria to remove subsides, and also raise more money in tax revenue, for example)...governments would rather take loans

There lies the problem with democracy, there is no room for long term planning.

Decisions are based on the outcome of the next election. Nigeria should remove oil subsidies and invest the saving in repairing the old refineries and building new ones, then list the refineries on the Nigeria stock exchange with Nigeria as a minority partner similar to the NLNG structure.

Any arrest of the operators of those illegal bunkering sites?

tit:
Won't you pay subsidy again for imported finished products?

A double-edged sword from a government that has failed to implement simple economic policies on energy security which should have been implemented before any other project.

Racoon:
The world Bank encourage poor third world countries to take stupid loans they don't need with constricting conditions attached to them, asked them to devalue their currencies especially when their GDPs are nothing to write home about.

But when shit hit the fan, then they begin look for who to blame. I blame the useless cap-in-hand beggey beggey leaders that always rush to these western imperialists thinking the meant them good when all they do is to choke then up with debts. Nonsense!

The World Bank doesn't encourage any of those stupid African countries to take out loans, in fact, they encourage countries to reduce their long term exposure and Nigeria reduced its external debt to less than $3-5 billion in 2007 with the assistance of the World Bank and PAris Club.


It's the like's of the Buhari government taking out external loans to import refined oil, rice, wheat and steel at the expense of local production. What is the situation with Ajaokuta, ALSCON, and the four refineries, industrial factories that would have saved Nigeria $20 billion in imports?

We need elected leaders that will focus on industrial production, that will cut imports and consumption.

OldSkoolHeadBoy:
Ganja smoking governor !!! As usual, he did not think this through before drawing a line in the sand for the FGN to cross. Such a deep sea port will require the involvement of several Federal Government controlled agencies.....including but not limited to Customs, Immigration, Nigerian Navy, etc. It will be an international gateway to the country and that is on the exclusive list of the FGN. Ask Cross Rivers State about the fate of TINAPA FREE TRADE ZONE

By the way, where are the industries in your state that would be using the deep sea port ? How developed is the bitumen business and what traffic will it generate ?

You are correct, he should actualise the project before taking on the FGN, the industries will be located in the seaport as a FTZ

Asgard73:
Yoruba will rant how east is divided and even export and sponsor division of old eastern states

Forgetting that their own Na from head to bottom.. that can turn bloody at anytime with out info..

Tinubu President will see all Yoruba Christians, churches and school been turned to Islamic centers ..
them go come abuse me.. knowing fully well is the truth oh.. but hate reality .

I don't like Tinubu, he is a thief and corrupt, but he returned all missionary schools backed to their original owners.

Nigeria: Governor Tinubu Defends Return of Mission Schools
13 SEPTEMBER 2001
The Guardian (Lagos)
By Yinka Aderibigbe
AMID the controversy trailing Lagos State's recent transfer of 48 mission schools to their former owners, the state governor, Senator Bola Ahmed Tinubu has defended the policy, saying that there is no going back on the issue.

Tinubu disclosed this on Tuesday when the National Executive members of the Nigerian Union of Teachers (NUT) led by its President Alhaji Ibrahim Umar visited him.

blamingthedevil:
Is he right?



https://mobile.twitter.com/xagreat/status/1489220842248716292

The worst governors in Nigeria are all in Northern Nigeria.

macrodata:
Very dunce & tribalistic set of human beings. After electing the useless entity in Aso Rock, they still have the voice to say they dont want anyone from South East. How has their messiah helped them? Is their messiah not the Grand Patron of the BH & herdsmen? Continue, afterall na una dey suffer for Nigeria pass any other region.

Nonsense market women sentimentality.

YES Obi can win more states than you can imagine, not everyone in the north is a dunce.

What state will Peter Obi?

The only Igbo presidential candidate to win a Northern state was Zik when he won Plateau state. I doubt the North will support an Igbo candidate and the SW and SS will definitely not back an Igbo candidate.

It is a shame because out of a very poor selection, the Igbo have the best candidate. Nigeria is in trouble.

ValCon888:
And the environmental damage continues nonstop.
A 1976 vessel is still operating in 2022. Expired ship that ought to be sold as scrap.

Lack of institutions to manage and enforce standards. Nigeria is just going through the motions

backbencher:
Even then, at the end, the reason why we don't have a matured democracy that would have helped a lot is because people decided to take coup shortcut.

Nigeria is poor because our financial base disproportionately relies on oil...and dividing or changing to millitary rule won't change that .

Nigeria is poor because we can't govern.

Our reliance on oil is due to the failure of Nigerians to effectively operate the military and democratic government. The reason why Africa first modern leaders formed a one-party government was that they realised that modern democracy exacerbated African tribal politics to the point that elections weren't about policies or ideology but ethnicity and religion.

Africa need to stop copying Europe.


I don't think Nigerians and West Africa are capable of operating democratic systems of government.

backbencher:
Thank God he wasn't overthrown



And yes, Buhari, GEJ, Obasanjo, Yaradua and all of them have FAILED....but their civilian rules were better than army rule. Nigeria is not going back to army rule. And yes, again..if we want better government...there is a reason why it is called a participatory democracy.

Civilian failure is the reason why we have Coups in West Africa, the military is just an opportunist taking advantage of the hopelessness of democracy in West Africa.

Since 1999 Nigerians living in extreme poverty has increased to 90 million and growing. Nigeria is already on the road to anarchy and complete implosion, a military coup would have accelerated the process.

An article from FT provides an insight into the relevance of the Nigerian government.

What is Nigeria’s government for?
Muhammadu Buhari may go but it’s not the leader who matters, the system itself must change.


David Pilling JANUARY 31 2022

On the British Airways flight between London and Nigeria’s administrative capital of Abuja, one of the airline’s most profitable routes, nearly all the space is taken up with flatbeds. The unfortunate few making their way to a crunched economy section at the back must trudge through row after row of business class.

Evidently, there is plenty of money to be made in Abuja’s corridors of power. Nigeria’s economy may be flat on its back, but the political elite flying to and from London will spend the flight flat on theirs, too.

Next year, many of the members of government will change, though not necessarily the bureaucracy behind it. Campaigning has already begun for presidential elections that in February 2023 will draw the curtain on eight years of the administration of Muhammadu Buhari, on whose somnolent watch Nigeria has sleepwalked closer to disaster.

[b]Buhari has overseen two terms of economic slump, rising debt and a calamitous increase in kidnapping and banditry — the one thing you might have thought a former general could control. Familiar candidates to replace him, mostly recycled old men, are already counting their money ahead of a costly electoral marathon. It takes an estimated $2bn to get a president electe[/b]d. Those who pay will expect to be paid back.

There are some promising candidates. If Yemi Osinbajo, the technocratic vice-president, were miraculously to make it through the campaign thicket and emerge as president, the hearts of Nigerian optimists would beat a little faster. [Rubbish]

But that may be to underestimate the depth of Nigeria’s quagmire. The problem is not so much who leads the government as the nature of government itself.

Nigeria’s administration is fuelled by oil — though not its economy; more than 90 per cent of output is generated from non-oil activities. But for decades, the business of government — whether military or, since 1999, democratic — has been to control access to oil revenues and earn patronage by spreading petrol-dollars to federal and state supplicants.

Outside oil, government raises a petty amount of revenue, proportionally much less than other African states. Since the provision of services is so dire, no one who can afford to pay taxes is willing to do so. Nigerians with money opt out of the system. They send their kids to private school, attend private hospitals, employ their own private security and generate their own power. The state borrows ever more heavily to fund what little capital expenditure there is and service mounting debts. Like a giant leech at the top of the body politic, government is essentially there to fund itself.

This thwarts the aspirations of millions of highly capable Nigerians. Officials extract “rent” by controlling access to business opportunities. The objective thus becomes to slow down investment not speed it up.

Almost all the energy, drive and wealth creation in Nigeria happens outside government. New unregulated businesses in the booming tech sector, fashion, design and the creative arts are flourishing. Every day, tens of millions of Nigerians somehow get by, despite the efforts of those supposedly looking out for them.

As is said of India, Nigeria grows at night while the government sleeps — hardly surprising that some libertarian tech entrepreneurs want the government to withdraw and leave the private sector in charge.

In reality, the government is not too big. It is too small. The federal budget — not counting money transferred to states — is about $30bn, derisory for a population of more than 200m people. Only trust in government — and a willingness to pay taxes — can redress this balance.

Nigeria desperately needs an administration whose energies go not into preserving its own privilege but into providing public goods — basic education and health, rule of law, security, power, roads and digital infrastructure. It must remove distortions and subsidies that direct entrepreneurial activity from production to arbitrage.

The chances of a corrupt system reforming itself are slim. But if Nigeria’s ruling class cannot manage it, any remaining faith Nigerians have in their system of government will evaporate. That way lies disaster.

david.pilling@ft.com
https://www.ft.com/content/c4025da8-7951-4ed1-bccd-5d546f86786c

FreeStuffsNG:
Awesome!!
All the enemies of Nigeria will lose las las. They always lose. God bless Nigeria forever.

Congratulations to all our patriots who made this feat possible. May God bless you and your families.

This NNPC MD called Mele Kyari is a Nigerian Patriot that has got the Midas touch. He is just too good. I remember then the naysayers say we will never get funding for Train 7, under his leadership, he didn't only get the funding for the Train 7,he got the IOCs back on board.

l.

Fuel subsidy gone forever in Nigeria – NNPC GMD
ByBassey Udo April 7, 2020 3 min read
The era of fuel subsidy is gone forever in Nigeria, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said.
https://www.premiumtimesng.com/news/headlines/386370-fuel-subsidy-gone-forever-in-nigeria-nnpc-gmd.html

smallsmall:
YES, SOWORE LIED Sir!

- What evidence did Sowore provide, to support his assertion that PYO is a scamer? NONE!
How do you believe someone that just opens his mouth Waawaa and accuses somebody, without providing any evidence?

- Prof Osinbajo is a Vice President, NOT the President!

What most people dont understand is that this our fraudulent Constitution is designed to make a Vice President, just an "Errand boy" of the President. Just a Statue

- Why did OBJ have issues with Atiku and almost sacked him? He was trying to OUTSHINE THE MASTER!
That is rule #1, Never try to outshine the Master.
A "Constitutional Statue" cannot try to outshine the President. Never!!!

I think it was Tinubu or Fashola that also sacked his Deputy Governor.
Why? The Dep Governor wanted o start assuming duties that the Governor did not assign!
We can go on and on.

Osinbajo can only do whatever job/role Buhari assigns to him otherwise, he is Toast
That is what the FRAUDULENT Nigerian Constitution says..
Did some people not call him "ordinary, mere Commissioner"? Why? Because they know a V.P is just an errand boy for the President.

Can anyone still remember that man called Namadi Sambo?
Yes, there was once a man called Sambo, who was V,P to Goodluck Jonathan.
The joke was that the President operates him using one Big, Red Remote Control Button like that.
You will never hear any sound from V.P. Sambo, unless Jonathan asked him to speak and he was almost always silent, 99% of the time.

At least, Osinbajo still tries to do one or two things without angering his Principal but the true Integrity and astuteness of Osinbajo, was displayed when Buhari handed over to him as Acting President".
Within that few Months, he calmed the agitation in the Niger Delta, he PROMISED to allow them refine petrol in Modular Refineries (Buubu canceled everything when he came back from London 0 he tried to reorganise the Services and we have seen him with his Trader-Moni Effort for poor Market Women.)

A Vice President can never do more than that, except he wants the President to make him completely irrelevant.
So, for Sowore to try to use such handicap against him, is quite insane and foolish.

]

After the formation of the All Progressives Congress (APC) in 2013, Yemi was tasked with other notable Nigerians to design and produce a manifesto for the new political party. This culminated in the presentation of the "Roadmap to a New Nigeria", a document published by APC as its manifesto if elected to power. The highlights of the Roadmap included a free schools meal plan, a conditional cash transfer to the 25 million poorest Nigerians if they enroll children in school and immunise them. There were also a number of programs designed to create economic opportunities for Nigeria's massive youth population.[10]

As the Vice President of the Federal Republic of Nigeria, he is expected to oversee the economic planning team and report as well as make recommendations to the president who takes the final decision

Osinbajo Tradermoni program

Jazzlite:
As a non apc member I'll gladly support osinbajo than anything in PDP at the moment




PDP should surprise me with Dr Akinwunmi Adesina as its Presidential candidate.

Under APC in April 2020

The era of fuel subsidy is gone forever in Nigeria, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said. https://www.premiumtimesng.com/news/headlines/386370-fuel-subsidy-gone-forever-in-nigeria-nnpc-gmd.html

amuwo1980:
Not less than 40% of them were igbos , when things were done on merit, you got to admit it Nigeria fared better under the colonial rule than under these jihadist belly crawling vermins

Most of those officers benefitted from early missionary education.

Senioreddy:
Good evening good people of nairaland.

I will go straight to the point here.
I am well above 30 years (35 precisely). I have a friend in who works in a federal agency that has promised to help me. He asked for a certain amount though.
My credentials (waec O level and birth cert) all shows my age but he's saying that's not in any way a problem.
I need the advice of those who are in any of the federal ministries.
I have a B.sc and M.sc.
Kindly help a brother with sincere and genuine advice.

Become a politician better return of investment

jackcanfield:
Federal Government should look at harness the Gas resource been flared to cushion the effect of the subsidy.. You can't be burning money away and be crying you can't pay for subsidy...better still do a crude oil swap, since OPEC is all about export it does not affect your export revenues.

Can they not extend the West Africa Pipeline to Europe and replace Russian gas.

https://ejatlas.org/conflict/west-african-gas-pipeline

Nigeria governments are only interested in the now.

Revolution2022:
If governments grant the local refinery operators licences in river's state the issue of paying subsidy will stop to exist.But no.There are some cabals who are benefitting from this scam call subsidy.They want it refine abroad and imported back into the country so that they will inflate the import duty and other illegal charges to make excess profit.
Besides,who are the marketers receiving subsidy payment?Are they being monitored in other to make sure that they are delivering the products?I still believe Buhari is lying about subsidy because he said it with his mouth that it is a scam.

The local refiners in River State have created more environmental destruction and pollution for Rivers for the next 100 years. The local refiners have no understanding of basic environment protection and Health/Safety Standards.

PrinceOfLagos:
In all fairness, The presidency should go to the South East.

The North are currently ruling

Obasanjo ruled for 8 yrs and Osibanjo is currently the Vice president

So in all fairness, The presidency should go the South East way

Life is not fair. Compromise candidates have always been a disaster from Belewa, Shagari, OBJ , GEJ and Buhari are all compromise candidates and have failed to developed basic energy security.

The Igbos presently have the best candidate out of a very poor selection, so I will expect the like Ayim and Peter Obi to be in a better position to convince Nigerians to support them.

Nigeria political class is a disaster, the fact that despite 23 years of democracy we still can't refine crude oil or generate enough electricity to support local industry is a shocking indictment of Nigerian politicians regardless of ethnicity and religion.

Without energy security and food security, Nigeria cannot survive.

Winters23:
Technically this problem will resolve itself with the passing of time.

Dangote refinery is expected to begin production within the next 18 months and if the reports are correct, it can supply local demand and thus ending import of pms and subsidy dies a natural death.

But who knows dangote will still collect subsidy to sell below 150 naira per liter, these are just possibilities.

Good days in sight guys...

Dangote has to buy crude oil at international prices and pass on the cost to Nigeria. Dangote oil billions to banks and international prices for his refined oil. Do you want to depend on a monopolist?

Someone should advise Sanwo-Olu that being the most populous black nation in the world is not an achievement.

Tinubu’s practicable ideas in governance, Sanwo-Olu added, made him the most qualified successor and salable choice for the job.

According to him, “Our country is the most populous black nation in the world and the responsibility that comes with that is enormous. No doubt that the destiny of the entire black race is tied to the greatness of Nigeria.

ComeToJesus:
Oftentimes, I wonder if it's poverty or plain stupidity that's causing all these. What's with the continual, gleeful destruction of our wildlife and ecosystem?

Must you guys eat every crawling and slithering creatures

It's high time the promoters of this site(Nairaland) create an editorial page where they take a position on environmental issues, biodiversity and sundry matters and also educate its readers on the dangers of depleting the ecosystem.

It's not enough to be banning people whose views aren't in tandem with the set rules. There has to be a conscious effort to sensitive, inform and educate your readers. This fetish of cooking snakes and posting pictures tortoise all over the site is prebendal, predatory and anti-nature.



Please weigh in on this.

Very good point.

I am fed up with the oil spillage and illegal refineries that have destroyed the ecosystem of the Niger delta. The destruction of the country rainforest and wildlife just because they are hungry

Truvelisback:
My pain is that they aren't even ashamed of themselves.

A country that export crude oil and import refined oil, can never be respected.

Saturn444:
That's for those who even fancy the idea of living in a country like Britain.

A country that once was, and now is no more.

But lives on past Glories and has been replaced by China, Singapore, UAE and some parts of United States.

I live in the UK and have been to China, Singapore, UAE and will always choose the UK over those boring countries. ,

perambulator:
N3 trillion at the official rate (since it is govt expenditure) is approximately $7billion. What this means is that by far the largest single annual expense of the Nigerian govt is on petroleum subsidies. Just let that sink in for a moment. To the best of my knowledge there is no single govt project or expenditure that costs $7B, talk less of $7B in a single year. Imagine how many schools or how many roads, how many hospitals, how many airports, power stations, rail lines etc we would have or how better they would be if we spent $7B annually on just 1 of those items each year for the next 4 years!!!

Nigeria has been spending between $4-12 billion on oil subsidies. GEJ should have removed the subsidies in 2012 but he was a coward and backdown.

thundafire:
Why can't we just put into good use PORTHARCOURT refinery and the one in Delta state and save us this stress. We just have greedy leaders, middlemen and citizens

How will they steal money if the refineries are working? Did you notice the speed in which they came up with the cost of subsidies for 2022?

Truvelisback:
Our So-called leaders have made Nigeria a laughing stock.

The world pity Nigeria.

michlins:
African players and unprofessionalism. It's one thing that usually ruin their careers with those whites capitalizing on it.

You can't call him an African players considering his background that he was born and bought up in France.