₦airaland Forum

PriNceNova:
Some employers are pure evil, how can someone work for you and you are owing them for 2months with the mediocre salary you are paying... Is not as if you are not making money... Banks and micro finance banks gave been coming here to get their money too... This man have been paying us half salaries for 6months now, just abt 3 months was full ₦15k. Currently I am just confused on what to do, he is owing me 2months salary. I am seriously in debts, hunger and depressed... I need help please.. I am owing almost all the grocery stores in my area... How to get my 2months salary is my problem right now. because I don't have a dime on me right now. I Slept hungry yesterday... I don't even hv strength to go to the work today, I know I will be booked N1500 for my absence... I don't want to faint trekking to work or while at work, the work requires strength... Please nairaland I need ur help financially, to avoid being banned, I hv put my account on my signature below... Pls help me!

Nigeria and begging. Instead of asking for a handout join a move that protests against government corruption and greed. 15K a month is a disgrace, but any handout will not solve your problem.

GboyegaD:
NLC is losing its relevance. If they miss this opportunity, they have lost their reputation permanently as the people are behind them on this strike.
I guess the final solution might be a revolution.

They lost their relevance in 2012 when they should have been protesting for transparency in the refinery management and oil industry they settled for a continuation of oil subsidies. Today, the rest is history.

Kobojunkie:
The country has been trading national progress for the sake of the poor for decades now and what has been the response from the poor in that time? To breed and multiply like rats. The population of Nigeria is expected to Ballon to over about 370 million in the next 25 years if current trend continues. Before the removal of subsides , the situation was already bad for the poor. Do you think it is going to get better 25 years from now if no drastic changes are made to correct the many problems in the country now?

2. The poor need to change. And adversity typically presents the best opportunity for the change needed.

Well said.

From 1960 to the present, Nigeria's population has jumped from 45 million to 218 million, yet the literacy level and productivity have decreased. Stop breeding like a rat.

Disclaimer12:
Black Americans generally are strange set of people, gangsterism, drugs, crime and every social vices, at times I wonder if the effect of slavery contribute to this, I mean their ancestors were never opportuned to train them as they would have done in Africa, secondly learning the western culture is alien to them coz naturally there's always the tendencies of imperialism! It's been many years after 2Pac death, but the gangsterism issue still remain unabated ! Keep resting in peace fella

Black American ancestors are Nigerians Yoruba ritual killing, Igbo's drug trafficking, Fulanis militant killers, kanuri's Boko Haram Bini , international ashewo, the list is endless

preekahantas:
So no Nigerian man could do it?

Abi ooo is a simple IOT sensor, and we have used a foreign company and wonder why Nigeria is broke. Well, it's his business.

Nicepoker:
Useless leaders. Revive that steel company in kogi. Then mechanical equipment and parts can be manufactured. Importation will reduce.

Industrialisation is the solution but Nigeria produces nothing.

Ikaeniyan0:
Is Dangote a foreign company or Nigerian company?

Dangote won't be selling to Nigerians alone, some other countries will also buy petrol, jet fuel, diesel etc from him.

So apart from the fact that dollars we use to buy from him stays in Nigeria, foreign countries will also pay in US $ which will also stay in Nigeria.

Dangote is in the Lekki Export Processing Zone (The Dangote Refinery is located in one of the Free Trade Zones in the country) I will advise you to figure out what a EPZ means

Lekki Free zone is a special economic zone - also called Export Processing Zone, with none to minimal custom restrictions.

https://ownahome.ng/blog/lagos-free-trade-zone-explained/#:~:text=Lekki%20Free%20zone%20is%20a,none%20to%20minimal%20custom%20restrictions.&text=To%20manage%20the%20general%20and,companies%20in%20these%20free%20zones.

Ikaeniyan0:
Dangote refinery is located in Nigeria, when we pay in dollar to Dangote refinery, the dollars will be in Nigeria, not in a foreign country.

In my post, I didn't talk about Dangote refinery alone. Two refineries will start working in Nigeria this year, the Dangote and PH refinery. When warri and kaduna refinery start working, people will also focus on them too.

Dangote refinery is in a free trade zone and subject to international law. Hence, Nigeria will need FX to buy oil from Dangote. Nigeria currently has a modular refinery capacity of. 120,000 and a local refinery capacity of. 450,000. Nigeria should focus on the modular and government-owned refineries and forget about the Dangote business.

Nigeria needs to remove the oligarchs that have captured the economy and forced the country to import oil using FX, when the country has the capacity to extract, refine and market 550,000 B/D in Naira.

coleon:
All these rubbish you stated up there just to cover up where you have been busted.
Firstly, if the nations reserve is depleted it is not subsidy but the wastefulness of successive government in this country. You cannot shift goalpost from saying government borrowed to fund subsidy to depletion of foreign reserve.
Secondly, which specific bond did Nigeria issue to fund petrol subsidy and what's the series of the bond I want to know.
Is it Sukuk bond that was used for road construction,Eurobond or FGN series. You think you can come online to spread falsehood to ignorant people and not be put in your place.

Olodo, importing refined oil whether subsidies or not. Nigeria's education has done a bad number on you, you can't reason because Nigeria's limited education has denied you the ability to think critically.

Olodo

The punch clearly states that the government has borrowed to import fuel, go figure out what an international bond is first before you respond, dumbass!!!!

A country that has depleted its reserve is wasteful. Hence where is the savings going to come from? The country has also depleted its income due to oil theft, international debt and public debt ($50 and $120 bn). Nigeria is broke that's why Tinubu removed oil subsidies ..period, he had no choice because no sane bank or country will lend money to a country that spends 97% of it income on servicing debt and recurring expenditure.

Subsidy: FG borrowing to import fuel, says minister
18th January 2023

The Federal Government has said it sometimes borrows funds to buy petrol as the country continues to incur rising fuel subsidy bills.

The government also confirmed that there was a possibility of global economic recession this year, but stressed that Nigeria’s foreign exchange reserves were healthy enough to withstand the shocks.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this on Tuesday on the sidelines of the World Economic Forum in Davos, while speaking during an interview with Arise TV.

https://punchng.com/subsidy-fg-borrowing-to-import-fuel-says-minister/

Ikaeniyan0:
When the Dangote Refinery start operating, Nigeria won't import petrol again till after 2030. Dangote and the NNPCL refinery in PH will take care of our needs

I think Nigerians should stop thinking about Dangote Refineries and focus on the four local and modular refineries. These have a combined capacity of 600,000, and since they are in Nigeria and not a free trade zone, the logistic and insurance costs will be very low, the oil will be extracted in Naria, processed in Naira and sold in Naira.

coleon:
You have made two very absurd points to absolve your sponsors of the guilt and spread false narratives.
Firstly, it was not the TUC that spearheaded removal of subsidy in 2012. It is the people in government now, headed by Tinubu and Buhari himself that sponsored protests against subsidy removal in 2012.
Secondly, you lied that government was borrowing to pay for subsidy which I find very preposterous. Can you back up your claim with facts cos the government from time immemorial has never borrowed 1 Kobo to pay for subsidy.
Infact nnpc was swapping crude oil for petrol all throughout Buhari's tenure and there was no single report that stated we borrowed money to pay for subsidy.
Furthermore, Tinubu himself came out in his last address to the nation to state that his government saved billions from subsidy removal so where are you getting your misinformation from.

Before you link me to Tinubu, search my comments on this forum.

I despise Tinubu and everything he stands for. Nigeria needs to learn to be objective and discuss issues without being personal.

Nigeria doesn't have enough oil to swap or have you forgotten that Nigeria now produces less than 1 million barrels of oil per day due to government stealing. The Nigerian government was insuring bonds to fund oil importation.

Nigeria's NNPC spent $10 billion on fuel subsidy in 2022
By Camillus Eboh
January 20, 20236:26 PM GM

The TUC, labour movement, and interest groups such as. Falana, Ben Bruce, Tinubu, Buhari and co all objected to the removal of Oil Subsidies. It was a public debate which was televised and available (see Attached )

Nigeria currently has $3.7 billion in reserves instead of $35 billion because the government has been mortgaging the reserve to JP Morgan and co to fund the importation and subsidy of refined oil. The funding and subsidy programme is corrupt to the call and both PDP and APC have benefitted from the importation of cheap refined oil.

Subsidy: FG borrowing to import fuel, says minister
18th January 2023
By
Okechukwu Nnodim
The Federal Government has said it sometimes borrows funds to buy petrol as the country continues to incur rising fuel subsidy bills.

The government also confirmed that there was a possibility of global economic recession this year, but stressed that Nigeria’s foreign exchange reserves were healthy enough to withstand the shocks.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this on Tuesday on the sidelines of the World Economic Forum in Davos, while speaking during an interview with Arise TV.

In the interview, monitored by our correspondent in Abuja, the minister also stated that the Federal Government at some point had to borrow funds to buy Premium Motor Spirit, popularly called petrol, despite the huge subsidy spending on the commodity.
https://punchng.com/subsidy-fg-borrowing-to-import-fuel-says-minister/

https://www.youtube.com/watch?v=RLd8o8z-2CU

Bliss62:




Atiku is so desperate

Whether Tinubu's name is Amuda Yekini Aguileri or Bola Ahmed Tinubu, 8 million voters choose him to be the President

Whether Tinubu has a Bsc certificate or not, the least is School Cert, and also 8 million voters choose him over Atiku

Why can't Atiku provide evidence of how he won if he truly won


.

Typical Nigerians will support corruption and then complain about corruption.

If a leader is concerned about the integrity of his background, then you can never trust him when he is in government. The lack of due diligence that allowed Buhari to become president despite fraudulent academic qualifications and dubious background has left the country with $170 billion debt, $3.7 billion reserve, insecurity, high inflation and high-interest rates.

Nigeria TUC are the dumbest trade unionist in the world. Nigeria was borrowing money to fund oil subsidies. You don't save on borrowing; you end borrowing to stop growing the debt and then introduce economic reforms. GEJ should never have listened to these stupid TUCs and should have removed the subsidies in 2012.

The TUC should be protesting to fix the refineries, end the stealing of crude oil and fight corruption.

Saidfx:
Black man detest progress but prefer regress.

So you prefer that the government license an uncompleted refinery? Why should the Nigeria government offer Dangote Refinery, 300,000 barrel of oil that will be sold off to fund his refinery. Buhari government invested $2 billion in the refinery and we are still not completed.

Austindark:
This is the main problem. This should be a reason to protest.

But the Nigerian youths are now allowing themselves to be distracted by Naira Marley's
alleged involvement in Mohbad's death and the politicians will exploit it.

When you see Politicians showing sudden sympathy, know that they stand to profit something in whatever way.

The current Nigerian youth are beyond useless, wasting time on BBNaija, Cooking records, the NairaMaley-Mohad incident, Tinubu certificate issue. Nigerian youths are only interested in unimportant matters, irrelevant to their well-being.

Nigeria's currency is weak because the country is unproductive. Since APC (Buhari-Tinubu) became the president, Oil export has fallen below 2 million barrels daily production , due to under-investment and stealing.

Agriculture production has also fallen due to Fulani militant insurgencies that have disrupted the agriculture supply chain, hence the need for dollars for import goods.

Why did Buhari fail to complete the repair of a single refinery despite eight years in government and who is behind the stealing of crude oil ? This should be the fundament issues that Nigerians should be interested in

The TUC need to focus on the refineries and modular refineries and not waste their time on palative that offers nothing to the people. How do we reduce the impact on Nigerians when the country is still importing oil-refined products?

duro4chang:
Hmmmmmm!

I am very sorry, but that is a fact. Try Alaba, Idumota market as example. I respect the Igbo industry, but they must stop complaining about marginalisation. All Nigerians are marginalised

duro4chang:
That is why we condemn their victim mentality here on Nairaland

Igbo only employ their own; visit any Igbo business in Lagos, and you will struggle to find an Igbo hiring someone not from their village.

ShoeWorld1:
Dangote refinery is good because of employment opportunities for Nigerians.
The refinery is not going to change the price of PMS because they're for business not for national charity.

They only employ Indians

ShoeWorld1:
Dangote refinery is good because of employment opportunities for Nigerians.
The refinery is not going to change the price of PMS because they're for business not for national charity.

they only employ indians

DaddyJapan:
Gazette has played fast and loose with its tilted reporting yet again.



Yes it is true that a dishonest Gbajabiamila had his license suspended for 36 months in 2007.
But then according to the State Bar of Georgia, it appears that the permanent termination mentioned above was strictly because dishonest Gbajabiamila subsequently became delinquent with his license fees - and nothing more.


Source: https://www.gabar.org/statusdescriptions.cfm

A moot point in the scheme of things, I know, but accuracy is what underpins balanced and fair reporting in journalism.

They are accurate, he stole from his client in 2015 and was suspended for 5 years which was made permanent in 2020, he also stopped payment on his membership of the Georgia bar and his account has finally been terminated.

The fact that he is a common thief is not in doubt.

kettykings:
If all the south east states look in ward and maximize their opportunities and resources, we can just overlook the central government and move at our pace

The essence of a federal government from the offset is that the state should be able to function without the federal government. The GDP of California is $2 Trillion, while the state of Mississippi is $136 billion. The problem is that state governments are responsible for the economic environment, education, electricity, health care, state roads and railways and now some level of civil security.

FuckTheMod:
Women and foolìsh lies...

You were not under bondage
You were not under a spell
A gun was not put on your head

Yet, your public toilet toto with multiple bodycount was spread 400 times. She even counted it

VERY INTERESTING...

Similar thing Nigerian girls usually do after you break up with them...
They are always quick at saying you "USED THEM"

Imagine a foolish girl that you were not the one that disvirgin her,
You were not the only sleeping with her when dating...
She brings nothing to the table besides sex during dating, yet they'll day you USED them

She was a 12 year old child

Zxcvbnmghtr:

iammo:
No lies... we got our debt cleared thanks to Okonjo Iweala, our foriegn reserves were high thanks to Professor Charles Soludo

I always take Prof Charles Soludo's postulations very serious. If he says something just know that he has done his calculation very well before saying it. Be rest assured there be no mistake because Prof doesn't do wuruwuru to the answer.

Thank to OBJ for selecting and listening to his brilliant technocrats.

GEJ also had Iwealla (as Finance and Economic Minister ) and when she advised GEJ to remove oil subsidies in 2012 he relented and kept the oil subsidies and wasted the $100 p/b oil windfall on consumption.

Bfly:
Nothing nothing for Nigerian universities educated fellow. It is heart breaking.
Foreign educated people are in the high post in Nigeria. Why?

Godwin Emefiele graduated from UNN in Nigeria, look at where that has taken Nigeria

azadus18:
Cardoso . Funny name

He is an Agudu, descendant of Brazilian slaves that returned to Lagos in the late 1800

descarado:
You lie with confidence

You don't want to hear the truth; hence you call me a liar. Please japa but don't complain.

Naijaboy18:
Africans are good if you spread them out around the other races. But in high concentrations where they have to make the decisions and lead themselves they will fail. That’s why Africans can succeed in the us and west individually

African culture is the problem. African culture lacks innovation, creativity and industry beyond music and dance. Africans live for the day.

BlackMan6969:
Sometimes I feel like Africa is cursed. Blessed with natural resources and blessed with wicked leaders.

Africa is not cursed; black African culture is cursed. When we advise Nigerians not to japa, they think we are wicked and selfish. Who will fix Nigeria when the strongest and most intelligent have japa.