Crime › Re: CCTV Captures Moment A Boy Stole A Phone From A Shop (pics/video) by Tolumiide: 4:13pm On Apr 08, 2024 |
The sales girl Na mumu. |
Business › Re: Top 10 Countries With Highest Percentage Of Millionaires In The World by Tolumiide: 12:08pm On Apr 07, 2024 |
The OP needs to start learning elementary statistics first. |
Foreign Affairs › Re: Biden To Netanyahu: ‘we Won’t Be Able To Support You’ If You Don’t Change Course by Tolumiide: 9:56pm On Apr 05, 2024 |
CoronaVirusPro: The US is now wiser!
They won’t be drawn into a war by the fvcking Israel!
Anyways, Fvck Israel and all its loyalist!
When we start raining missiles on Israel, and external interference will result to further interference.
The US should know it has no monopoly over military support. Russia, China and North Korea might also follow their own footsteps.
Everyone should watch the movie and let Israel and Iran battle it out!
Dear Lord, create accommodation for Israeli souls, they coming… When you start crying from post to post, we will remind you of this. It's surprising how you have not developed HBP since October 7. Terrorist sympathiser |
Foreign Affairs › Re: Israel: GPS Disabled And IDF Leave Cancelled Over Iran Threat by Tolumiide: 7:39am On Apr 05, 2024 |
God1000: Hmm, Israel is currently in panic mood Terrorist sympathiser, when the real war start now, you will be crying from thread to post. |
Politics › Re: Edo Deputy Governor, Philip Shaibu’s Impeachment Panel Begins Sitting by Tolumiide: 1:09pm On Apr 03, 2024 |
Philip should try and survive this moment. After this tenure, He should humble himself by rebuilding all the bridges he had burnt for Obaseki. He has a great reputation in Edo, I believe he can win and become Governor in 2028. He had made mistake by standing against the Governor. The executives are very powerful in Nigeria. |
Romance › Re: Excited Nigerian Man Dances For His Older Oyinbo Lover, She Watches In Confusion by Tolumiide: 9:34am On Mar 31, 2024 |
Excited Nigerian man dances for his lover. The "Older Oyinbo" prompt there is not necessary. |
Business › Re: Crypto King, Sam Bankman-Fried Sentenced To 25 Years In Prison by Tolumiide: 9:19pm On Mar 28, 2024 |
From top to bottom |
Foreign Affairs › Re: Afghanistan: Deadly Suicide Bomb At Bank In Kandahar(photos) by Tolumiide: 5:49pm On Mar 21, 2024 |
May the departed souls rest in peace. |
Politics › Re: Gunmen Kidnap Edo PDP Chairman, Tony Aziegbemi by Tolumiide: 5:40pm On Mar 16, 2024 |
Haa |
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Business › Re: BRICS Announces New Blockchain-based Crypto Payment System by Tolumiide: 11:02am On Mar 05, 2024 |
Ok. Let's wait and see |
Politics › Re: NYSC DG Reconnects With Ex-landlord In Osun Visit (pictures, Video) by Tolumiide: 2:05pm On Feb 21, 2024 |
This is one of the happiest time of the landlord. |
Education › Re: How Many Triangles Are There? Only The Highly Genius Will Pass This Test! by Tolumiide: 12:29pm On Feb 20, 2024 |
I have counted 26 |
Politics › Re: As The President Works, Nigerians Should Not Repeat The Mistakes Of 2012 by Tolumiide: 12:14pm On Feb 20, 2024 |
seguntijan: How is Tinubunomics Going to Help Nigeria?
The current Tinubu policies if allowed to stay will have multiple effects on our economy and how we grow as a nation.
Firstly, the policy is expected to make more money available to the government. By so doing government at all levels is expected to have more money for infrastructural development and expenditures. Take, for example, money saved on the subsidies should be used to massively develop our electricity generation to such an extent that an average village in Nigeria should have a 12-hour supply of power daily for a start. If we achieve this, demands on PMS and Diesel will reduce. And for the fact that electricity will be cheaper compared to fossil fuel, it will in the long run affect the prices of goods and services. If the government is done with the electricity supply, the money saved further will be used for massive transportation facilities. There should ambitious plan for train system to link up the whole country such that we will no longer have any heavy-duty trucks on our major roads. Trains should transport our cement, rice, cocoa, and other industrial goods. Another positive effect of that is that there will be reduced pressure on our major roads and the government will not have to spend billions of dollars yearly to rehabilitate our roads. As pressure gradually reduces on government revenue we can begin to talk of an affordable and accessible health care system and good education can follow. Otherwise, we cannot eat our cake and have it back.
Secondly, the policies are expected to drive massive local production. How this is expected to happen is that, by the time the dollar continues to go out of our reach either to buy input for businesses or to import goods, we will turn to alternative ways of getting those goods and sources for those materials. And the only way left is to turn to our local sources for those demands such as massive agricultural investment, so with time, our demands for dollars will not only decrease but there will massive employment across all sectors. 80% of current Nigerian workers both in private and public sectors are into rendering services. Only 20% are into real production.
Lastly, the policies are expected to discipline us to eschew waste of resources. For every item or service that we enjoy, there is a cost for it. If you are not paying directly, someone is bearing the cost somewhere. In the case of Nigeria, the Government. It is in Nigeria that you will leave your home appliances and security lights on and travel for months. No one dares that in advance country. People buy foreign wines that have been subsidized through the subsidies on the dollar and just "pour champagne". It is in Nigeria, that an individual will have different types of cars for different purposes and outings only because PMS is cheap.
Take for example, since there was partial removal of PMS subsidies, most of us have cautioned ourselves on unnecessary travel and 24-hour running of generators. If we don't know, all these reduced wastages have in the long run reduced the demand for refined PMS and had a significant effect no matter how small on our FX demands direction. So, one of the fundamental purposes of subsidy removal is to ensure every consumption is valued.
Conclusively, I will urge the citizenry to henceforth make the government accountable for every kobo generated and appropriated. Every monetary infraction and corruption should be treated with the same ferocity as the hunger and anger we currently endure. All wastages of government and governance should be resisted in the strength of ENDSARS.
Labor Unions should not only ask for salary increases but mobilize the citizens for accountability advocacies, forums, and platforms. The Labor Union's demands for salary increase will only send the dollar to around ₦3,500 per dollar. The salary increase will lead to more money in circulation and more naira chasing the few available dollars and the rate of dollar consequently increases. In the end, the new increase returns to the old value.
Finally, in the long run, if the above measures come to play, pressure will reduce on both PMS and Dollars. And their prices will drastically come down. Time!!!
We have a great country called Nigeria, but we all must sacrifice to achieve that greatness. The future is bright and beautiful.
-Ben Afolami is a Financial Expert and Investment Analyst. Reading |
Politics › Re: Circular To Stop The Leakage Of Sensitive Official Documents by Tolumiide: 11:21am On Feb 20, 2024 |
This is a new low |
Politics › Re: President Tinubu Arrives In Nigeria After AU Summit by Tolumiide: 9:13pm On Feb 19, 2024 |
Baba should get back to work, we're hungry 😞 |
Politics › Re: Shittu Commends Article By Fani-kayode, "The Israel Of Shaitan" by Tolumiide: 5:15am On Feb 19, 2024 |
Written by "anywhere belle face" |
Car Talk › Re: See What A Mechanic Did To A Customer's Lexus SUV (pics/video) by Tolumiide: 9:13pm On Feb 18, 2024 |
KillingJoke: Clitocurrency miner  She's Oluwadollars wife. Now go and take your medicine. |
Nairaland General › Re: Man Sticks 68 Match-Sticks In His Nose To Break Guiness World Record by Tolumiide: 5:29am On Feb 18, 2024 |
Nigerian politicians suppose dey break record steadily |
Properties › Re: This Is Becoming Something Else. by Tolumiide: 7:43pm On Feb 17, 2024 |
I saw it ₦10k this morning |
Politics › Re: Moment Gov. Obaseki Refused To Shake Dep. Gov. Philip Shaibu At An Event (vid) by Tolumiide: 7:28am On Feb 16, 2024 |
No one knows tomorrow. |
Politics › Re: Bayo Onanuga: Nigeria’s Wealth Overestimated, Country Very Poor by Tolumiide: 10:00pm On Feb 12, 2024 |
APC can only produce excuses. The same APC complained about 16 years of PDP misrule. I think they want to equal PDP 16 years record |
Foreign Affairs › Re: IDF Reveals: Al-jazeera Journalist By Day, Hamas Commander By Night by Tolumiide: 9:58pm On Feb 11, 2024 |
Al-Jazeera don cast |
Foreign Affairs › Re: IDF Uncovers Top Secret Hamas Data Center Right Under UNRWA’s HQ(photos) by Tolumiide: 9:28pm On Feb 11, 2024 |
k4kenny: Al Jazeera doesn't broadcast fake news and propaganda. Una suppose wise by now na . This proves absolutely nothing. Lol, what about the videos of Hamas faking their deaths. |
Politics › Re: Hunger Relief At Lagos Central Mosque: Free Yams For Locals by Tolumiide: 5:51am On Feb 11, 2024 |
God bless the organisers. There's no better time to show love than now |
Foreign Affairs › Re: IDF Uncovers Top Secret Hamas Data Center Right Under UNRWA’s HQ(photos) by Tolumiide: 5:47am On Feb 11, 2024 |
I'm waiting for Al-Jazeera to broadcast it |
Sports › Re: One Dies In Kogi Celebrating Super Eagles Victory Against South Africa by Tolumiide: 7:52am On Feb 09, 2024 |
I think this didn't start this year. It has been happening for decades when alot of citizens were more patriotic about our country but the difference now is that there's social media to share the news across. RIP, Super Eagles will deliver. |
Politics › Re: 14 Yr Old Palestinian Boy Shot Dead Over Attempted Stabbing In Israel (photos). by Tolumiide: 9:40pm On Feb 05, 2024 |
RichestMinds: I don't have to argue with people like you. But if them give u Dubai, Qatar, Turkey, Malaysia Visa now, na so u go rush am.
See ehn.
Hating Islam is not my problem. If you like hate Islam from now till eternity, it will never stop Islam from growing. Islam is the fastest-growing religion in the world. Islam is the fastest growing religion in the world; Yes. But how ?. One man giving birth to 30 children, that's exactly how Islam grows. How many other religion people join your mosque since you became an adult. Secondly, how easy is it to integrate into the countries you listed above compare to other European countries. If you have money to invest into Japa for a better life, I belt you will not risk the money on the any of the countries you listed above. |
Business › Re: 1978 Naira Exchange Rate With Dollar by Tolumiide: 2:37pm On Feb 01, 2024 |
Bobloco: Dollar value not it's equivalent You may have to explain what you mean by dollar value? |
Business › Re: 1978 Naira Exchange Rate With Dollar by Tolumiide: 2:27pm On Feb 01, 2024 |
Bobloco: Dollar value Yes, a dollar equivalent |
Business › Re: 1978 Naira Exchange Rate With Dollar by Tolumiide: 2:25pm On Feb 01, 2024 |
Bobloco: What's the value of $13,100 in 1978? ₦0.78k |
Politics › Re: Over 75 Killed In U.s.-led Attacks In Yemen Including Hezbollah And Irgc's by Tolumiide: 12:42pm On Jan 21, 2024 |
OkpaNsukkaisBae: US conducting airstrike & displaying might against ragtag militia groups in Middle East. But when they're matched with an equal power like North Korea, China or Russia they apply economic sanctions. The three of them together did not stand a chance against USA |