₦airaland Forum

Eriokanmi:
Emefiele isn't there anymore. Dollar was 720 before he was picked. That I & E window fx policy introduced by tinubu caused the current economic woes. He was warned against it by same economists but he refused to listen. GBP is going to 1,200 naira now...just one pound. Benin Republic Cefa, which used to be 10,000 cefa to 1,000 naira has now overtaken naira in value.

I don't know what else to call this if not madness.

Which reputable economists warned him against floating the Naira? Please give me links I will like to read their perspectives!

CodeTemplar:
electricity needs subsidy especially the industrial consumers.

I am quoting you because of my interest in non-targeted or what I call blanket subsidy. In my opinion subsidies should be targeted at the goods consumed ONLY by the poor man. Conversely goods and services consumed by the poor and the wealthy should never be subsidized.

My thesis is based on the fact that most industrial consumers of subsidized inputs have the tendency to maximize their profits at the detriments of the masses regardless of the subsidies they enjoy. And when the subsidy is not targeted the poor gets the wrong end of he stick.

Imagine, the hypothetical scenario where government subsidizes electricity by say #40 per unit. The poor man who consumes 5 units per day enjoys subsidy of #200 per while a wealthy industrialist for instance who consumes about 10 million units per day (this is assumed of course) enjoys a subsidy of #400 million per day. If the industrialist refuses to reflect the subsidy in his pricing (as most Nigerian industrialists are likely to because of greed) the poor is robbed. Hence, I argue that blanket subsidies in Nigeria do not serve the cause of the poor man.

mrbionic:
Covid lasted for just two years. They should come up with a better excuse.

In some countries, COVID lasted for more than 2 years though. And beyond that, even where it lasted for just 2 years the damage done goes beyond 2 years. To restart some manufacturing processes and plants that were suspended, time was needed. And many plants needed to wait for supplies from their global suppliers. There were backlogs that needed to be served and delays and congestion in ports of different countries affected logistics.

nairalanda1:
Thanks to covid , as the article said.

I no dey like APC, and I no dey like Buhari and Tinubu, but covid caused a lot of delays and messes that we are still dealing with today. Things could not move freely and easily. Projects got delayed.

I like people like you who speak objectively even when they don't like the people or parties involved. All over the world, there were supply chain disruptions during the COVID-19 saga. In this instance, SIEMENS is right to be talking about an extension since both parties could not have foreseen the pandemic that prevented the contract execution. Constructive criticism is good but we should not be condemning everything without basis.

franchasofficia:
Please why are Yorubas so scared of Niger Delta and Middlebelt?


Anytime someone from Southsouth or Middlebelt attack Tinubu or Yorubas, instead of attacking them back, you cowardly Yorubas will rather attack Igbos by calling the person Omo Igbo disguising as Niger Delta or Middlebelt.

E be like say you Yorubas think Southsouth and Middlebelt love una and hate Igbos?


The last Presidential election ought to open una eyes that Middlebelt and Southsouth no de fall for Yoruba deception and lies again like before, they know you Yoruba poeple are the enablers of Fulani madness in Nigeria.


The whole world now understand Yorubas politics of treachery against Igbos, its no longer working, wake up and face anybody that attack Yoruba and stop wishing they are all Igbos u love ganging up with others to attack cos one on one, Igbos will send u cowards to Togo and Benin where una fall from

I probably shouldn't be doing this because I hate to engage in ethnic banters but be rest assured that stocks are being taken with the way you and your likes continually band all the Yoruba people together for condemnation regardless of the fact that a tidy number of Yourubas supported Obi even against one of their own. Perhaps, attitudes such as yours will help the Yorubas to have a common front. The likes of Dele Farotimi, Falz would be able to read this and applaud you. Keep sowing the seeds of the discord but when you reap the whirlwind please do not complain.

lexy2014:
Explain to me how fuel subsidy can be likened to haemorrhage?

Are you privy to the accounting books of the country?

Are you serious?! I should explain to you! Why don't you just exercise your right to your opinion and quit asking me silly questions?

rickleye:
mm

Great first step !
Allowing us know his thought process.

Next steps are duration of implementing.
One could have worked in reverse - which was leave the subsidy until a replacement plan was in place .
It’s like you going to a doctor needing stitches, the idea thing would be to have fresh stitching available, not remove the old ones and then looking around for new stitches.

Didn’t vote for the dude but all this is gonna take 2-4years to implement

Well someone else may argue that when a patient is hemorrhaging the first thing to do is to stop the haemorrhage before additional interventions. If one likens the removed subsidy to the loss of blood, the speed of implementation may be justified. Only one who is privy to the accounting books of the country will be able to tell how bad things are. Of course, we all should have an idea that this economy has been near comatose since around 2013 when Okonjo revealed that FG was borrowing to pay civil servants. Subsidy ought to have gone since Jonathan proposed it in 2012 but it is better late than never. The other thing that needs attention is the cost of governance.

seborrhic:
The man is something else in leadership qualities in Nigeria.
Every single assignment he has been given he has delivered.
I was thinking if he won't be moved to the EFCC.
My take is this,if emilokan balablu would be wise :merge EFCC and ICPC and all other duplicating anti corruption bodies into a single anti corruption ministry or you may still retain them as agencies or bodies,but the head,being Marwa should have status equivalent to that of a minister and the agency also so designated.
Having Marwa just as an agency head does no service to his dedication to duty and the important work he does.
You could also leave it as an agency but have him report to the presidency only with his post being redesignated as that of a 'National Corruption Adviser',having same status as the National Security Adviser,such that all corruption cases go through the new office to be headed by Marwa and him reporting direct to the presidency only.

Nice suggestions you made there. I just want to add that, that guy Marwa should contest for the Presidency of this country sometimes in the future.

Dotherightthing:
Is the price abroad of all these things you listed exactly the price here in Nigeria based on the exchange rate

Nice question, I am waiting for his response.

HellVictorinho6:
Nonsense

How can the blamers,which include the government,be worse than the govament

Whatever the case maybe, you are entitled to your opinion and I am happy that you have exercised your right to free expression.

tollyboy5:
We love shortcut to much in this country. Those blaming the government are with the worst character in their society

I cannot agree more with your assertion. The poor image that Nigerians enjoy in the global community is a result of the collective actions of both leaders and followers. Nigerians need to start thinking about the ethical implications of their actions.

Vilgax:
Your opinion is valid and correct but you're coming at it from an individualistic standpoint. Of course any tech-inclined person who knows his onions cannot complain about lack of jobs (poor pay, maybe; but a lack of jobs? nahh).

I'm just saying that tech (both domestic and foreign roles) cannot absorb the humongous number of unemployed Nigerians.
The entire nature of the tech industry is designed to only favour a select few deemed the "best of the best".

I guess the problem stems from the kind of way Nigerians are programmed. Most Nigerians are programmed to seek knowledge for the sake of seeking jobs. That to me is the wrong way to go. People should seek knowledge for the sake of solving problems. Problem solving is what can make you the money either as an employee or as an entrepreneur. Digital knowledge, or any knowledge at that, is useless if you cannot apply it to solve some kind of problem bedeviling mankind. Whether, digital skills or non-digital skills people should learn to solve problems and make money.

nairalanda1:
Simple...when going abroad, get the right documents, and don't tell lies.

Simple truth. If you must emigrate, do it legitimately.

JOGICE:
I’m a MATHS GRAD!..just so you know I understand how to create an AI similar to chatGPT or could show you how within 45min? I once lectured Maths & Statistics @NOUN Yr 2013, a gardener who was a staff was my student too. He’s a graduate now. Testimonials of a PROUD mathematician yet a humble voracious learner@LIFE.
We could share links to our git or slack profiles. Maybe I could learn a few things from your projects.

Nice comeback, I love your response. Some of these youngsters think that people on Nairaland are "low-lifes" like them. Besides, as a practicing Data Scientist/ AI professional I would like to add, for the sake of ignorant people like him (the one you responded to), that most mathematical computations are done by the computer applications in AI. If one can understand why certain mathematical tools are used and interprete the results then it is possible to develop a career in AI. For instance, understanding the statistical basis for feature selection and feature engineering can prove helpful. Kudos to you, nonetheless.

ivolt:
Nope.
Price control is very different from subsidy.
When the government distributes free fertilizers, that is agricultural subsidy
and it has no conditions attached.

If the government mandates that house rent in Lagos should not exceed 1 million per annum
or that DSTV cannot charge more than 10K per month.
That is price control, it has nothing to do with subsidy as the government contributes 0%
to landlord's building materials or Satellite maintenance.

When a private entity want to participate in a government-controlled industry and agreed to abide
by stated rules, there is nothing wrong if the DPR decide to punish defaulters as none of them were
forced to participate.
They applied of their own volition and went through a lengthy approval process willingly.
You cannot collect a conditional subsidy fund while at the same time want to operate freely.
It is never done. You either agree to the terms or exit the industry.

New York has rent control for certain apartments with ZERO subsidy. The funny thing is that investors aren't running
away from New York real estate. In fact, it is a highly active investment market. Anyone who doesn't want to be subjected to
rent control simply avoid dealing in the regulated sector.

Back to the subsidy vs price control.
If a body awards 50% scholarship to a student(a kind of subsidy).
The school cannot start crying about price control because the student is
only paying half of the fees. That is illogical. No price is being controlled!

In the Nigerian situation, the subsidy had some element of price control as in most cases the Government claims to pay for the shortfall so that selling price does not cross some threshold and then the Government fixes the price.

As far as I am concerned, the subsidy ought to have gone long before now. For instance, the industrialists like Dangote who consume millions of litres per day for of subsidies fuel per day do not reflect the enjoyed subsidies in their prices. Secondly, given the penchant for fill nationally owned companies with families and friends by those in power, it is best that organisations like NNPC go into extinction.

The only way that fuel subsidies might have made sense is if there was a way that the subsidies could be targeted at a segment of the population and not a general one. For instance you alluded to the school giving some particular students scholarships; that is akin to targeted "subsidy" and not a "general subsidy".

Again, if government continues with subsidy investors may not be attracted to the refining sector, except if government will be buying the refined product from them and subsidizing them too, to ensure that operate profitably. That seems to make much sense to me.

JASONjnr:
If it was Nigeria, 5he case would've been buried long ago.

And if it was Nigeria, the worshippers in the man's church will be like "this is witch-hunt, if not why are they bringing this case up after 48 years"!

linearity:
Also, I think this is also one of the ‘internal party matters’ that the Supreme Court has always ruled in favor of that party against external parties or individuals.

Same as the double nomination of the VP which though against the law but an internal matter.

The only people that have standing to sue in this cases are internal individuals from the party.

They are 2 different issues, they didn't change their mouth. At the election tribunal, someone that contested from another party can challenge the eligibility of the candidate of another party. However, a person from another party cannot challenge the eligibility of a candidate from another before the election, having not contested against the other person. You must contest against the other party before you can challenge a candidate's eligibility.

eldoradoxx:
Nigerian judiciary is a disgrace. I thought that in recent decision of the Supreme Court as we all read in PDP case against Shettima, they said PDP cannot question the nomination of Shettima since only a party member can question the internal matters of a political party. Now they have changed their mouth.

They are 2 different issues, they didn't change their mouth. At the election tribunal, someone that contested from another party can challenge the eligibility of the candidate of another party. However, a person from another party cannot challenge the eligibility of a candidate from another before the election, having not contested against the other person. You must contest against the other party before you can challenge a candidate's eligibility.

Angelfrost:
Some people feel they are untouchable all because they have money!

In a nation where the laws don't discriminate based on financial status, such nonsense won't happen!


What is truly sad here is that these guys will go unpunished except there is a serious and massive media scrutiny and outcry...

The more annoying thing is that the source of income of those that beat her to death may not withstand any form of rigorous scrutiny!

Yankee101:
And the biggest thieves, your politicians, roam free

Are you justifying the armed robbery because of thieving politicians, I just hope that isn't your intention.

Themandator:
Nnpc is not dying anytime soon . It is a behemoth that controls the narrative... Nigel wasn't working before gsm came and finished it off


Nnpc is in the game as a father.... Anywhere the others can go to get the pms , nnpc will not just go but also get right of refusal... With depots to be reactivated all over the geopolitical zones who can dare nnpc?

Well, we will get to see about the "NNPC not dying" stuff. Same thing Nigerian Airways thought, same thing NEPA thought and same thing NITEL thought. It is a rule, all inefficient entities must go into extinction sooner or later. It is the same reason why some animals that used to be in charge of the earth went into extinction. NNPC must shape up or ship out!

dominique:
You think the marketers won't sell at the same pump price as NNPC? Dey play!

The marketers do not need to sell at the same pump price that NNPC sells. In a strictly competitive environment it is NNPC that would die a natural death if it doesn't improve it's competitiveness. Like I predicted the "death" of NITEL some years back I foresee the NNPC dying naturally if the organisation doesn't re-invent itself.

jimhooper412:
It's great that you're actively seeking opportunities to enhance your skills during this waiting period. Learning a trade like gas filling can be a valuable skill. Additionally, considering software skills that are in demand, you could explore learning coding languages like Python or web development skills. As for volunteering, you can reach out to NGOs, community centers, or tech start-ups in Lagos to inquire about volunteer opportunities that align with your interests. Networking through professional Crypto platforms and attending local events may also help you find connections. Best of luck in your job search and skill-building journey!

As a software developer and AI specialist, I would not advise the op to go for python or any other language because of the short time frame he has to learn. Instead, he can go for digital marketing instead and begin to grow his skills. Of course he may not gain total mastery of all aspects of digital marketing such as inbound, outbound marketing. He can zero in on Google Analytics. I say this because marketing is one skills that everyone would need if they want to grow. It could come in handy for selling one's skills, services or products.

Starboytwo:
Why you make it feel like they gonna eat you or something.

No take everything wey you see for Nairaland too far. Most is cruise. It’s not very deep.

Did NYSC In Abakaliki, the most fun filled year I’ve lived.

But I was respectful and didn’t overstep boundary.

I had to quote you and I have taken the liberty to emphasize, in bold characters, a part of your post that any stranger should abide by in another person's hood. It is the best way to one's peace of mind and security.

Perhaps we need to go back to the era of executing drug couriers and other violent criminals.

Obaaderemi2:
You don't think about us yet you full Yoruba land from ibadan to Osogbo.

You no think of us and a fulani man dey insult Ibo you dey mention Yoruba.

Don't dignify the guy with further responses na. I wish you can starve him of the attention that he craves.

jmoore:
For the animal to have killed some humans, is it ethical to eat the animal?

Exactly the question I have on my mind.

nighthawk1:
This is how it should be. Anybody can take ill at anytime. Get well soon Aketi unlike those who shroud theirs in secrecy.


Meanwhile did i miss the deputy governor not been mentioned in his medsage?

Apart from Tinubu that he mentioned, he thanked people generally. He thanked the state executive council which is headed by the acting governor.

Curious345:
You didn't even pen a word of commendation for your acting governor

But he thanked the state executive council of which the acting governor is the leader.

8stargeneral:
What a world

My help will kill me

8stargeneral correct your post, I think you meant to say that your help will not kill you but you omitted the NOT.

SmartPolician:
We (including the names you mentioned) are all a product of a system where people don't think well. You cannot give what you don't have. The school system is in shambles; that's why you laugh at them and fail to understand what's called strength in diversity.

My point is, it's okay to celebrate yourselves and your success. However, bringing others down or laughing at them while doing that attracts a lot of negative energy (hate). Don't complain when the seeds you sow germinate. A word, for the wise, is enough.

I hate to get involved in this tribal and ethnic discussions but it looks like these people do not understand that ethnocentrism does no one any good at the end of the day. It makes one to under estimate the strength of other ethnic groups and it makes one over estimate the abilities of one's ethnic group. I pray our people listen to your wise counsel.