₦airaland Forum

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Ordinary aboki Mali wey no dey bath. My sister Maria come and see oooo.

@Jogs1900
I even heard from reliable source that Yaris camp spent more than Akpabios camp.

@me
Very correct. Tinubu and akpabio camp just made promises of reward after the election.

Loud as bleep Kwa!! Teach me please

Reports had it that there was dollar rain in Yari's camp. Some silent protesters in apc like kalu backed him in cash and in quiet mobilisation.

Akpabio and tinubu banked on promises they made to the senators-elect. You know how political promises are looked at. Anything is possible. Wike played a role.

The greatest display of tinubu's strategy was in the house of representatives. That place was boiling. The master had his way.

Honestly we need to study this man and apply his strategies in boardroom. I'm watchful to see how he operates in African and international politics.

This man is just reminding us of what we know already. Like justice bukachuwa, like justice Mary odili.

I hope that the Looser Party will not suspend him for shaking hand and laughing with the president.

I should talk 🦜?

This hairdressing salon gossip is too long

Women gossip and complain. One even said that in her next world that she will like to be a man.

You are welcome.

@Hathor5

No, she will marry several men and they still will be taking care of her financially. I think that`s better. ;


@me
Whichever way you want the woman to win. What happened to "what a man can do a woman can also do" You want equal right but not equal responsibility.

Direct answer: it's not good enough to marry at 35. Wait till you are 55. FYI 35 years is expired bachelor jor.

@Marthyboco
They should hold a family meeting while the other dude will explain how the whole thing happened.... Lastly she knows who the father is. But might decide to choose who ever. Sadly.


@me
How she go know? This one put and that one put. Wahala for chop one chop two.

When a man marries more than one wife he takes responsibility for their up keep. Will the woman that has two or more husbands take responsibility for their up keep? Oya feminists answer

Wike has always been a bad dresser and very unpolished

When investors see the right and tested hand on the throne they will come close.

Among the three contestants bat is the most tested and proven among them sentiments aside.

I'm an Ibo but detribalised, enlightened and apolitical.

@gfelo
i see some people very happy, Nigeria will still increase fuel pump price after four years, politician only care for their pocket, subsidy is not the justify reason why nigeria is still under develop, it is corruption.

by the time when the increase fuel pump price again and give you fake reasons why its have to be so, that is when you know that this politician were only out for their pocket.


@me
There's nothing like increase or decrease of fuel price anymore by the government. It's now like any other product. Sellers and buyers determine price.

@BalticGold
Should this thing's not be put in place before removal of subsidy? What is happening now, is putting the cart before the horse.


@me
Where will the money come from when we are told that government borrows to fund subsidy.

@SmileDance
How old is the baby, do it like that he won't understand anything[


@me
Hahaha

@Nfora


Your explanation differs from that of Papillo.

You guys are only confirming the scam in Subsidy!


@me
I'm not disputing that there could not be any scam and other corruption in the whole arrangement. Like anything associated with the public sector in this country they will definitely exploit it.

They could swap more and account for less. Such people will not allow subsidy to end.

I don't work for government and I'm not a politician. I just explained the meaning and some of the benefits of removal of subsidy.

It's affecting me too. But let's get ride once and for all the scam, corruption etc associated with subsidy and move on. There are so much to do: fx, power, insecurity etc.

@obinnanelson4
If they have been engaging in crude swap for refined pms, why then is subsidy in the picture all these while. Or is it that i do not understand what swap means?

@me
Crude swap means that:
The nnpc sales crude oil at international prevealing market price.

Uses the money realized to buy pms at the international prevealing market price.

Add the associated cost up to depot.

Total cost plus margin ought to be their selling price. But they sell below the total cost because the price is regulated.

The government will now be obliged to refund them thus: total cost minus the local pms price.

The amount refunded by government is the subsidy. Government has been saying that they don't have money anymore to pay it. They have been borrowing to pay it.

The crude swap was allowed because cbn has not got enough fx to sell for pms import. That was why nnpc was allowed to be the sole importer.

Further note that the amount paid for subsidy belong to the federation account. Hence about 38% of consumption take place in Abuja, Kano and Lagos because of population, number of vehicles and economic activities the states with lesser consumption are shortchanged. Their money is being used to subsidise consumption in those three locations.

If subsidy is removed, their money will be released and if the leaders are prudent they can pay regular salaries and develop more.

Our labour movements are just old school. Everything to them is aluta and strike. I think they need good consultants that are unbiased to advise them.

They should engage the government on what next. Removal of subsidy will favour labour in the midium and long run. There will be creation of jobs by the private sector in the petroleum sector.

The regularity of their income encourage them to be too comfortable. When they are in need they apply for loan.

Lack and uncertainty of your income will force you to think outside the box. You will plan and manage very well any income that comes your way.

Any lady that eats dog meat must be a doggy expert in the oda room.

@Lutherblaq

Something that beat my imagination is how someone will suddenly anounce the removal of subsidy on his inauguration day without a single plan
Did he thinks nigeria is iragbiji.


@me
This issue has been on for too long with attendant politiking, lobbying, diverse interests and falsehood. I bet you the moment the president sits on that seat for one week without taking the action labour will come up with the usual demand of fix all refineries before subsidy can be removed. Buy buses for workers. Increase minimum wage etc. This will go on till the end of this year.

The current approach is better. Remove subsidy and discuss the palliatives. It takes a strong leader to do what tinubu did. He has a full grasp of the problems and his own approach before mounting on that seat. Bubu didn't. Time is short. Nigeria is down. We don't have the luxury of time

@Sisora
Nonsense.

How can market forces operate when there's no free entrance?

Only one supplier in the market. Of course it'll need to be regulated.

@me
Read well. Any business entity can import now. Source your fx from anywhere. No cheap cbn fx anymore. The market is free.

@LagosBoi2
]Majority agrees that subsidy regime needs to go but my concern here is that, if they say refining locally will not bring down the price of petrol significantly i.e dangote and getting our local refineries to work, if other companies starts importing too taking away NNPC's market monopoly, that too will not bring it down significantly, what then will bring down the price of petrol significantly? Already Buhari has borrowed heaven and earth. Buhari has truly set traps for Tinubu. He will have to prove his brilliance once again in this difficult task ahead. May God help Him.


@me
Local refining and competition will bring down the price marginally because the associated import costs will not be there. Government can introduce marginal subsidy to refineries through tax rebate based on quantities supplied to the local market.

In this way there will be no corruption. We win by having more jobs, income to government and technology transfer.

@nairalanda1
It is like Kperoggi does not get why subsidy is evil.

The problem with subsides is that here in Nigeria, we don't do what the US does and subsidise production. Instead we spend time subsidising things at the sale point.

So, we sell fuel below what it costs to refine it, and what it costs to transport it. The result...distortions that lead to things like smugging, stealing, looting and corruption.

But here is why subsidy is insidious.....the difference between the production cost and the subsidised cost keeps rising. That adds to the subsidy cost. Then the increase in number of consumers, that also adds on.

Then how are we paying for the subsidy.? We pay for it from oil income...which in Nigeria has never been enough because the price is never high enough (that is why GEJ took loans even when oil prices were high...for those of you who love to crap on that). And oil prices have been low since 2014. Very low. So, we have to borrow to make up the difference...and a large chunk of the money goes to subsidy.

And the more the cost of the subsidy rises...the greater the amount we spend from the budget...till we reach a point where we spend all our revenue on subsidy, borrow to add to money spent on subsidy, and then cover the deficit with more borrowing.

And the more we do that, the worse it gets.

Look, I am aware the poor will suffer when subsidy goes. God knows I know this and hate it, so for anyone quoting me to abuse and call me names, or ask silly questions, or call me government supporter....I know, and it uspets me a lot. But if we keep subsidy, as you will soon see, the poor would suffer even more.

But if we keep the subsidy, we would have reached a point where there would have been no money for things like salaries, projects, etc. And if we were making fuel at home, we would start saving cost by skimping on refinery repair and maintenance....and that's how we lost our 4 refineries...and became net importers, and ended up being at the mercy of cabals....because we wanted cheap fuel.


Anyone advoxcating for subsidy wants us to be as broke as Sri Lanka and Lebanon. So broke that the IMF is literally running things there.


If you want the poor to be helped...remove subsidy. And yes, people would suffer, but when we get better refineries, improved production and more revenue, we would wake up.


And yes, APC has failed. But the fact that we have a devious APC government in charge should not be an excuse to keep subsidy.


@me
I love your submission

These are too many. He will later appoint commissioners. This man should seriously get down to work. ABA is seriously stinking. The refuse situation has gotten worse.

I was at tonimas junction today and felt very ashamed. The newly constructed Enugu Port Harcourt highway by buhari's regime has been taken over by heaps of refuse. The same situation is happening on ABA Owerri road. What a shame.

Our problems are local and not in Abuja. All our governors are having a free ride. We blame everything on others but we don't blame ourselves.

@GeneralPula
Seem you’re allergic to comprehension..

Inec is indicting your Lp and you’re here flipping..

[b]According to INEC, the local government areas unlawfully smuggled into proceedings of the court are totally strange to the petition and cannot stand in the face of the law.


@me
Correct interpretation my brother. Every social media rat thinks that legal language is what they can understand without learning.

In law you first establish the issue. Next you produce evidence to back up the issues. You can't bring up evidence that were not part of the original issues established. The respondent will object to it and it will not influence the decision of the judge. It will just be a mere wasted paper.

The Peter obi's lawyers are very unprepared.

My dear marriage require hard work, real hard work. Nothing is complete but you have to make it complete ✅.

This is the way to go. Let labour ask for increase in minimum wage and other parliatives.