₦airaland Forum

nairalanda1:
Me, I think that tinubu is a hypocrite, and a crook.

But if your governments in the past had removed subsidy, you would have said the same thing. If GEJ had removed subsidy in 2012, you would have cursed his supporters.

Also, let's imagine that government had kept subsidy as it was since 2012, or even since 1999. By now, fuel subsidy costs would have been at least 36 trillion naira or more annually. Our budget for this year was around 49 trillion. That means that once we have paid for subsidy for the year we don't have much left.

SO, at the end of the day we take loans. The problem is, IMF Is getting tired of our loan begging...so they have been refusing loans. You can guess what would be happening now? No money to pay for ANYTHING...and a debt that keeps growing.

Nothing is cheap in this life. Ghana has expensive fuel. Even more expensive than ours, ditto Niger. And they have working refineries because the profits made keep them working. And they have crude.

Note that if we had removed subsidy in 1993 , we would have long since been over the worst, and even have been earning tons of dollars in the billions from export. But you NIgerians kept on saying no. Even this removal....Tinubu was forced to remove because the debt was getting too too much. And he was among those leading the charge in the past to say no. See how karma is dealing with him.


Make we wake up. Petrol is not cheap. All the workers in dangote refinery want to be paid global standard salary, not Naija standard. All the people transporting and selling the fuel want to be paid. And they are Nigerians like you suffering under this t-pain economy. Maybe you want them to suffer loss so that you can enjoy cheap fuel. Sadly, life is not like that.


Or maybe you should pay half your income so that we can all have cheap fuel...all of us should do...because that is how they pay for subsides in most saner climes. And the said subsides are not for everyone self.

Look, like I said, I don't support tinubu. But let's forget about politics and think in economic terms.

Nigerians are too sentimental and limited. They would rather have fuel subsidies to survive than have actual development to prosper.

ogaemma:
When will this back and forth movement of Nigeria stop?

This is how it is all over the world

Topman7:
Very good development.

Absolutely fantastic.

Oya, youths that have been complaining all this while, over to you.

Stupid and desperate development.

Only large-scale industrial farming can mitigate the impact of insecurity, climate change and fluctuating Naira

blueAgent:
Bla bla bla.

Useless explanation.

Has removing subsidy stopped this useless administration from borrowing?

The administration is useless but there is no reason to praise the past administration that gave us $100 debt

The road is the most significant source of corruption today.

Buhari used fuel subsidies and FX control to steal public funds. Tinubu is using bogus road contracts to steal public funds

TheWitchKing:
Emphatically they bring whatever happens to them, themselves, i do not feel anything for these people any Longer. They bring these nonsense to themselves and expect that Nigeria will cater for their stupidity.

It started with the refusal to educate their children and then introduced sharia law in 1999.

EmperorCaesar:


They dont need to tell them this na

Why work with your oppressor? It doesnt even make any sense. Its even funny that they dont stand to gain anything from such relationship aside getting terrorized the more

Its a lose lose situation for them

It is called fear.

Even in the USA, local businesses pay protection to the local mafia. The government must improve security to protect the people.

Zulu11zulu:
[Please try to talk to the president to make Enugu Airpot full international and upgrade it to the wold standard thank you Mr governor but do something about bandit and fulani kidnappers who are kidnapping our people.

Ebonyi and Anambra both have international airports if there are roads and rail links into Enugu , you can leverage those connection to the new resorts.

I commend landmark efforts, they are not letting what happened in Lagos to hold them back Gambia, SS and SE offers them a new market and adventure.

surgical:
This are all retrofits to save face ,each successive governments has been saving Nigeria from implosion, from going to extinction whenever they made poor economic decisions and we've never seen any improvement, Nigeria is a going concern that is not about to liquidate
Tells us if your government has stopped borrowing because of their 'genius ' policies
The revenue you are talking at what cost,it is just inflated by the high exchange rate
Removing subsidy at that time and increasing how much the government sells forex was not a smart move
It is clear the policies have no positive impact on the lives of people except the imaginary achievements that are not visible to anyone

You want to continue fuel subsidies and FX control with what funds?

Nigeria's external and internal debt is over $100 billion, with annual repayment of $12 billion. Maybe some FX control could have been retained, but removing fuel subsidies was necessary due to a lack of funds and corruption in the oil industry.

How will you fund fuel subsidies and FX control?

Ofodirinwa:
just when i started enjoying batification the North as decided ho-ha that Tinubu will not smell 2027.

I don't mind removing Tinubu if it doesn't return to the North.

Northern leadership is hopeless; just look at the insecurity, poverty and backwardness that they created for their people.

surgical:
He has nothing to offer ,he is a twin of bismark rewane,they are both voodoo economist, they don't have solutions to current self inflicted damage that Tinubu has arrogantly foisted on Nigerians
A first class accountant that is devaluing when his country is import dependent, without plans to ramp up production and export

Removing oil subsidies and FX control saved Nigeria from total implosion. The country was borrowing nearly $30 billion annually on a budget of $30 billion with debts of $100 billion.

Do the maths.

Tinubu is not Nigeria's saviour because he has refused to cut recurring expenditures and investigate mass corruption.

Ashawo, Alcohol and parties are now the new positive image.

Nigerian politicians have hit a new low. Last week, terrorism, ashawo and drug dealing were added to the GDP

oz4real83:
Decentralize the grid\transmission, terrorists can't keep on vandalizing transmission lines from one section of the country and throwing the whole country into darkness, let all geopolitical zones have their own grid to avoid some of these unpleasant stories

That, my friend, is the solution. Regional grid systems

My home office is better than NNPCL control room

The military should ban nepotism, tribalism and corruption first. Nigerians are always prioritising the wrong thing.

Corruption, exploitation and poverty have been some of the causes of LGBT in Nigerian society. I grew up in the 1970s/80s Nigeria and never heard of homosexuality.

vowiski:
Nigerians always make the world laugh at us.

I can see how empty and life-less Buhari's house look like, just take a look at the uninspiring and cheap curtains behind them.

I don't think any retired General lives in such a place.

Nigerians elected a man who can't even live in a befitting home and expected the same man to make their lives befitting.

You can't give what you don't have.

Buhari claimed to have only 20 cows or so, and Nigerian's jerred.

Now, see where the man who believes everyone should be poor has kept us.

IBB might be a corrupt person but Nigeria would have been worse than Somalia by now, had IBB not kicked Buhari out of power without firing a single shot.

When IBB overthrew the demonic military regime of Buhari, after a few months, the long queues even to buy bread gradually eroded.
Long queues to withdraw monies and restrictions on how much a person can withdraw was also kicked out.

The mentality of a poor man and that of a capitalist is very different.

I may not like Tinubu, but it will take some time to undo the accient polices of Buhari that drove Nigerians to poverty.

Buhari has been tested twice; once as a military dictator and once as a civilian president, he plunged Nigeria in both cases to the worse economic recessions in the history of Nigeria. What a disgrace!

Nobody can beat that.

May Nigeria never experience another Buhari.

Reply with a loud Amen!!!!

Buhari is a terrible president with three self-inflicted recessions based on antiquated policies, such as closing the border to protect Nigeria's food production. The man is an idiot that left the country with overwhelming debts.

forgiveness:
We can do by protecting our borders. Ask Algeria how they dealt with terrorism.

How can it be well run when it's the creation of West? That's the point.

Algeria is presently supporting the terrorist inflicting terror in the Sahel. Algeria economy is now larger than Nigeria with a population of 45 million

forgiveness:
Part of it but who will create wealth in insecurity?

Who is creating wealth in Nigeria today , Nigerian elites

We need to hold our leaders accountable; we cannot do anything about external forces from the West. There is not one well-run African nation across West Africa despite the abundant mineral and human resources.

forgiveness:
Some countries are destabilizing Africa through terrorism.

Poverty and bad governance is destabilizing Africa

ogododo:
https://ait.live/budget-defence-wale-edun-requests-closed-door-session-to-explain-fuel-subsidy-proceeds/

The Senate and Rep should have been asking these questions last year. Now that the North are against Tinubu Tax Reform, they are now doing their job. This should be a public presentation.

Lovit:
This is what happens when you run a govt on lies and propaganda

The truth is that no savings were made, they were even paying more subsidies secretly even more than Buhari paid in 8 years

floating the naira after removing fuel subsidy did Tinubu dirty, they had to return subsidy, if not fuel for reach N2500/ltr

instead of coming out to tell everyone that the policy isn't working, they kept lying to their ancestors

That is true.

FX control shouldn't have been removed.

BlueRayDick:
The senator asked very reasonable questions which I believe most citizens would like to know the answers to, but look at the Minister requesting for them to discuss the questions in private. Can you just imagine?

What are they hiding? Is the finance of a country not something that should be public knowledge? If the finance Minister is there and the minister for budget is also present, why can't they just provide answers to those questions on camera and let every member of the public have an idea of how the government has spent the money saved from the so called subsidy removal?

How can u be running the finance of a country as big as Nigeria without transparency?

It is not a reasonable question because Nigeria borrowed to fund fuel subsidies and FX control. The savings are that the country is not increasing debt to finance fuel subsidies, but Nigeria is now using debt to pay old debt.

The better question is why there isn't any fiscal reform, cut in government spending, or cut in wastage such as funds wasted on travelling, private jets, bloated government, budget padding and housing.

Nigeria need better opposition politicians.

Yankee101:
I forgot Tinubu gave him an appointment

You don't need an appointment to be paid by the government

Yankee101:
Is this man losing his touch?
Increasing prices reducing inflation?
The excess money in circulation is not in the hands of regular Nigerians, it’s stashed in the houses of politicians

He is a paid government official

Bobloco:
https://punchng.com/telecom-tariff-hike-will-reduce-inflation-rewane/#google_vignette

Don't trust Rewane. The man has no clue

jedisco:
Imagine what western media would say if this was an African nation

African countries will be begging for aid. Nigeria's army is asking the UN for information on countries financing Boko Haram after 15 years.

SmartyPants:
The minorities will fare better by joining any of the major tribes that they have close cultural and social ties with. It is better to have one big majority to contend with, than to have three majorities to content with.

For example, if Gwari people were to join Hausas in a new country, they could make the case that every 3rd president should come from their tribe. In Nigeria, when some of the major tribes are still waiting for their turn, what chance do they have?

If Nigeria can work, fine. But if some people feel it is not working the way they like, then they have every right to leave and every prospect of success on their own or with their co-leavers. Life is meant to be simple.

I couldn't have said it any better. The first republic had two major ethnic groups, the Bini and Yoruba. When the Midwest wanted to create their region, they were supported by the Yorubas.

One of the road block in Nigeria is the competition between the three major ethnic group polical and regional interest.

amaridigital:
I must be honest with you that I've never thought about this your line of reasoning before and you are very right. I came from a major tribe but it's not fair to divorce a wife of 80 years with kids and grandkids just because you suddenly realized she's not bringing much to the family table as you do. All of us have been part of the entity for ages despite our different levels of contribution and I believe no tribe is superior to others. Although my tribe doesn't have that evil expansionism and land/resources grabbing mentality like the other tribe, we should all consider the impact of this seperatist agenda on the other tribes. America has hundreds of tribes with different religious and cultural backgrounds. We can't just wake up one day and begin to dismantle everything we've built together. We need to consider the minority people.

It happened in India, Yugoslavia and Sudan. It is happening in Mali, DRC Somalia and Myanmar. Don't deceive yourself, its better to plan for separation before separation is forced on you by conflicts.

EmperorCaesar:


Dreamer!

When you talk about secession, you only consider the major tribes and prolly those ethnic groups with a fairly huge population and land to themselves.

You dont even worry about gwari, Jukuns, Egede, Igala and the other small groups(around 240) that do not even have the land and resources to survive on their own. How do you want them to cope? Thats insensitive


He should rest abeg. The world is bigger than Yoruba, Hausa and that one

The smaller tribes should join the larger tribes of their choice. Nigeria was once divided in SE, SW and North. The country has further been divided into six regions.

The Yorubas, Igbos and Hausa should not be allowed to be held back by the smaller tribes.

qtx:
I understand, but they say , meaning what Buhari did not achieve and his same party government sees it as critical, he can proceed with it. Nothing stops PBAT from getting the list and prosecuting the sponsors if he really wants to win the war against terrorism as proclaimed by his government.

Government is a continuum if the previous government was progressive. The Buhari government enabled insecurity across the country, and oil theft increased under the Buhari government. IPOB insecurity in SE started under Buharimand security in the NW, and NC increased under the Buhari government.

I am not a fan of Tinubu, and I believe he is too corrupt, but Buhari left the country in a security and financial mess.