₦airaland Forum

kheny12:
The most wicked, confused and nonsense administration in the history of the country. Up till now, they are still borrowing money and poor citizens are paying for it.

How can you relate this to the topic. Go and study this: what is debt servicing. The debts that are serviced when were they contracted? If a country has the capacity to service her debts regularly, what is the implication in dealing with other nations? Ability to service debts regularly, what does it portray the managers of the economy as?

NaijaSumigan:
Tinubu has nothing meaningful to contribute. He is a failure and it's obvious. He now wants to arrest those criticizing his government, to scare people from more criticism.

These are strategies of a failure... Tinubu will soon learn the hard way... I expect NLC to declare strike action midnight and by tomorrow, a loud protest follows to unsit Tinubu.

We must act fast and now... Military guys are ready to take over.

You can't even ask for the reason for the arrest. Anybody that is arrested then the rest of us should go on strike?

Newlymarried:
Investigative Journalist, Fisayo Soyombo, has warned that another petrol scarcity is imminent.

He further insinuated that what is playing out is an attempt to increase pump price without complaints from the public.

He wrote on social media:



https://x.com/fisayosoyombo/status/1833041546926493787

So why can't we all allow this subsidy of a thing to stop and we face reality? We should rather all fight for good governance and accountability at all levels of government irrespective of party.

Lookmun:
And what are the factors that have led to low production? You mean people do importation business because they want to intentionally sabotage economic development? No. The conditions for production are not favorable. Infrastructure, power supply, cost of doing business, credit and so many other factors make it unprofitable to produce. Even big multinationals are closing their plants.

What flourished importation at the expense of production are poor power, overvalued currency, high taste for imported goods, rush for quick wealth etc.

lexy2014:
which reforms are you talking about? pls shed some light

Anyone that understands Nigerian economics knows that the twin rope that had tied Nigerian neck have been overvalued currency and highly subsidized petroleum products consumption.

The above were fueled by petrodollar. The effects of high level corruption was not seen by many. Poor governance at all levels was not so much felt. Importing goods and sell was easy route to wealth. It paid business people to import and sell than to produce. Import substitution policy was abandoned. Nigerians generally both leaders and the led lived false life.

Petrodollar has gone and our leaders resorted to borrowing. States were owing salaries for years not even months. Every leader was afraid to crack the twin problem because of the certain citizens backlash. But we have reached the dead end. Any further postponement of the evils day will be catastrophic.

The present leader braved it. The informed are aware that what is happening now will happen because of his decision. That's not to say that there were no mistakes. For example the twin heads should not have been cracked at once or at the same rate.

Nice2023:
I know for sure,no American President can entertain a drug lord whose records are known to them.

They surreptitiously avoid him at all cost because of what they stand for.

No wonder he is always running to India,China and Dubai.

Something should happen if it is going to happen.

Hahaha....are you sure? What will happen if they eventually see him? I'm asking this because you said that you know for sure.

The truth is that America and the bulk of Europe have lost out in the global power game in the developing world. The Asian tigers and Russia have taken over.

This is the issue that I have with Nigerians. Our fight should ideally start from LGs to states then Fg. But this is not the case. All attention are focused on the federal. If the sub-nationals are doing enough there will be so much improvement.

The reforms have freed up so much resources to the states that's why you don't hear of so many months salaries being owed. Are the governors using them judiciously?

Olaide1295:
This is correct.
The foundation of the fuel problem of today was laid by President Yar'adua when he reversed the sale of the refineries in 2007. If private investors had been allowed to run those refineries, they'd be working now.
It's a problem of many years, not just this government.
However, this suffering must not go to waste. People must see more judicious use of govt. money else, another protest will surface.

SOCIALISM IS NIGERIA'S PROBLEM!!.
Petrol is subsidized,
Education is subsidized
Rail transportation is subsidized,
Healthcare is subsidized
Importation has been subsidized by cheap dollars for many years until recently.
Even our economy is subsidized by Oil.

Subsidy distorts markets, thats why subsidized sectors won't function properly.

Very correct 💯. We have been living subsidized life all these years. The tap has ran dry. We have to painfully pay for our past subsidized years.

Egua...whaaat? I beg NFF got get a better coach jor. Let's stop this Egua... something.

Calitoscassius:
Mmmm... So why would you think someone else cannot be honest like you? and believe in truth.

The statement that I reacted to, I wouldn't have made such comments. In reality that statement is evidently untruthful. The person that made it in his inner mind is aware that it's so.

Calitoscassius:
Everyone is not like you.


But Honestly? I would take the money and lie to Naigerians, they deserve it

Funny you. I'm in my late 50s. All through my career I have never worked nor done any business with the government. I have never belonged nor supported any political party.

I believe in truth.

kaludestiny10:
I will rather die in poverty than receive millions as salary while helping the government to propagate lies in the name of spokesperson.

You are lying. You will not waste a second before taking it. Talk and online ranting is cheap.

SocialJustice:
State police is the next disaster waiting to happen to Nigeria.

Why did you say so?

phoneport:
If it is South East Ibos IPOB, Nigeria Government will be pumping like fresh buns...
Soldiers will be doing viper and mosquito dance in the east, killing and even arresting innocent people
Now they can't fight their own religious brothers who have taken up arms against the state...

Some times I am ashamed to be a Nigerian
We are to tribalistic, religious, and hypocritical.
And I don't know what else the North and the West can do or show for all the years they have been ruling

It is time an Eastern rule, or we go back to regional government

Fuel is now 1k and plus, the west can't even talk... But they were preparing coffins for Jonathan, calling him clueless and his wife a comedian
Hypocrites

If #endbadgovernment protesters caught were charged committing treasonable offense against the nation...
What do we charge this terrorist for

Ho government will take them for rehabilitation and call them repentant citizens

We are all joking in this crime scene call Nigeria

Is Jonathan an Igbo man?

Crimecity:
So in essence, Dangote and FG are the winners. Citizens have nothing there to gain or celebrate.

One would have thought that those saves from TFare and landing costs + import duties will reduce the cost of PMS at least.

Sighs

Don't mind this analyst. Let's leave out the crude part and deal with PMS.
1 let's assume that the cost of refining is the same whether by dangote or abroad.

2 The PMS will be shipped to Nigeria = shipping cost.

3 There will be insurance costs associated with the pms.

4 There will be port charges

5 There will be storage costs because the pms will be kept in depot and gradually being sold.

The imported PMS will bear costs 1 to 5 before margin.

The dangote PMS will bear only cost 1 before margin.
Therefore cost savings will be costs 2 to 5.

victory36:
what economy? You call this jungle an economy. If you are a foreign investor , would you invest in Nigeria? Be honest to yourself

You call this one an investor? Provide a platform to illegally milk away our money. No taxes, no employment.

ASUU will not come and go on strike for unilag failure to fulfill her obligations.

joseph1832:
If Ronchess or whatever the company name is, is so sure of what they're saying, they should post all the jobs they've done for Kaduna state government with their certificate of completion. It's just that simple.

Post them to you so that you will help them?
The freedom in the Internet is creating.....

IamANigerianMan:
Nigeria is a failed country, 80% of processed food in the market are fake, aside from fruits eg orange, garden egg, chicken and the food I cooked in my house I don't eat anything,... Drink wine, beers, malt, coke,fanta, sprite and they likes is no no to me because those things are mostly fake.

The fruit that you take are equally fake. Too much fertilizer.

Zubeezanga:
A country of how many million human and one old haggard idiat spits this trash, no fear or respect for the masses God, how could this race be this naive , like him dey talk like say him dey talk to him 2 year old kids

There is no need pretending . What he said is the hard truth.

RealLordZeus:
This part is scary... Someone that doesnt fear, doesnt care will likely be a dictator, but on the other hand if he choose, he can be the best president we will ever witnessed

My take is that he will come out very successful in spite of the initial hardship.

Bendeco2020:
He worked against him by not supporting his rigging strategy or what?

If he was truly determined to work against him, he would have achieved it by just replacing INEC chairman with someone loyal to only him.

Buhari just tried to make the peoples vote count but APC governors fought and worked against it

Buhari is very naive when it comes to politics. Excepting God, Tinubu made him president. He would never had become president. As daring as obasanjo was as president he resisted him.

I'm not an APC member but the truth is that Tinubu is a political enigma. His opponents are aware. Obi had the performance he had because he underrated him and focused all his attention on atiku. He will not give him the chance again.

Sucolee:
He go pay him dues

But dues shouldn't be paid in the church.

Biznesworld:
Before, these things were hidden!

They will not talk about the money spent. If it's in the church it will trend. Haters of the church.

onuman:
Only a mercenary would accept the offer to live in Nigeria as football coach.
Nigeria is a FAILED STATE with insecurity enveloping the country.

And you are still living in a failed state. This means you are a failed person. Mtchee

Dcaliphate:
Everything about this regime is riddled with propaganda, lies & deception.
The smart man didn't want to get involved in the mess and peacefully opted out make Nigeria no stain him white carelessly

It's not peculiar to this regime. This has always been the pattern of NFF. Save your hatred please.

E don happen....japa paused

Pharaoh4rin:
S/East is really ahead of southwest. I wish southwest will emulate southeast to develop their individual's state instead of relying on Lagos state

What is special about mere asphalt plant? Most construction companies own them. Just a small plant that takes in bitumen, stone aggregate, sand or stone dust and converts them to hot output called asphalt. Is this what a government is celebrating?

Treasure17:
Nigeria is totally gone.

And you are still living in a country that is totally gone? It means that you also are.....

LadyExcellency:
This is called the free market. Is it not what Tinubu's government wanted? You floated the Naira and removed the subsidy and still want to control the cost of goods. This is a policy somersault.

There is a measure of subsidy in place. Government is aware that Nigerians cannot pay the landing cost plus margin of every litre of pms. Therefore government had to absorb some cost.

The difference is that in the past individuals were allowed to bring in the product and file claim for subsidy. Most times the quantity declared as having been brought in were fake. Paper quantities were used to claim subsidy from government.

The present arrangement is that nnpc is the sole importer. They present their cost plus margin to government and the government asks them to sell below cost. This reduces their annual profit and by extension the dividends paid to government.

The payment of cash as subsidy for products that were not brought in is eliminated.

The nnpc therefore sells products to marketers at a price that will allow them add a fixed margin and sell to the public at predetermined price. The marketers are flouting that price because of scarcity.

Lovit:
So why are the others stalling?

If Oando was not owned by a relative of the President, will it receive this express approval?

Two different business entities agreed a deal and reported same to government regulatory authorities and the authorities gave approval. Anything illegal about that?

Pacesetter123:
This type of talk is what is still keeping Nigeria where it is today.And it is always very annoying to hear.
Do you think if Ramaphosa was to have this type of mindset that he would have achieved this feat?
A mindset of always blaming the failure of the present leadership on the failure of the past leadership.
Goodluck blamed Obasanjo,Buhari blamed Goodluck while Tinubu blames Buhari.
Where does that take us to?

You think the current S/A president didn't meet corruption and decayed infrastructure in the power sector when he took over?
Why didn't he continue in the level he met it and while blaming his predecessors for poor power output?

So if OBJ's regime squandered 16 billion US dollars that was meant for power infrastructure as was reported, does it mean the successive administrations should not invest in the power sector and make it work again?Must they keep on blaming their failures in the power sector on that till eternity?
Why is Cyril Ramaphosa not dwelling on such a ugly past in that sector?


Look at the huge amount he gulps out to invest in the power sector.......now see the result!

Leaders with a humane heart with a strong political will is what we have been lacking and still lacking till now.

Did the South African leader achieve this turn around in his first one year in office? Be fair in criticism.