SmartyPants:


My comment is best understood in the context of what I was replying to. I never argued that it was right or wrong - I merely challenged a core premise of that person's argument. That does not necessarily mean the conclusion is wrong, but he has to adjust his workings first.

It is important to comprehend before you argue though I know most nairalanders just love to argue as a form of self-expression.

In any case, even if one were to address your arguments, however off point, the government says they were spending 560 billion monthly on subsidies. Add up all those things you listed there most of which are one-off expenses and they won't reach half of this amount - which is even monthly. We were spending trillions on subsidies annually.

Finally, it is possible for it to be simultaneously true that Nigeria cannot afford subsidies and that the little we have is still mismanaged.

Since you understand the subsidy regime better than me and most Nigerians, can you explain how it worked? What happened to the crude oil swap regime that had been in place for decades before this government stopped it when it came to power?


https://www.youtube.com/watch?v=alqv_4RVBhs?si=UJcILk9qXxoEoRD0

How was it that the NNPC was paying for petrol, paying N160 billion monthly for subsidies and at the same time in a crude oil swap agreement with refineries abroad, whereby NNPC gives them crude and they give us refined petroleum products in return and keep the condensates and other byproducts as payment.

nairalanda1:


Slight correction...Niger does have a refinery...the Soraz refinery, which refines 20000 barrels of crude from a domestic crude oil well.

Thanks for the correction. We can't know all. But then with local refinery, why is petrol selling for over N1000, and is selling for N650 in Nigeria with imported petrol?

pendragonbladgo:

You are very right, But you only mention one of the problems we are facing.

I did not only mention one of the problems we are facing, I mentioned the ONLY problem we are facing. Corruption is the number one problem we are facing as a nation, and it is an existential one. If we don't tackle corruption in all facets of our lives - public and private lives, we will not survive the next 10 years as a people. Countries like China prescribe the death penalty for stealing even $1 dollar as a public officer.

What Tinubu want to do is, instead of going after Criminals who tends to be almost impossible for the fact that they are very powerful and they planted him in AsoRock also; he is very close to them. The best thing is to close the source where they suck from.

No society can survive without justice, law and order. When a class of people becomes untouchable and above the law, you cannot close all the sources they suck from.

Once you stop transporting money to banks, Bulion bank rubbers becomes helpless for their is no Van to blast open any longer!!!

Bullion bank robbery is very minuscule when compared to pen or keyboard robbery. How many incidences of bullion bank robbery or even actual bank robbery takes place in year. Banks, hackers and government officials rob ordinary Nigerians billions of naira every month without being able to do anything about it.

Tinubu is an international experience criminal and therefore: has the ability and experience to cut off Criminals from connecting pipe lines to Nigeria's treasury...

The best President to have in Nigeria and Africa is a Devil and not a saint!!!

Devil comes to destroy and not build. Africa has had enough devil's over the decades, we need to start begging God to give us saints, like the Israelites of the Bible. When things went bad, they ask for saints, and God gave them judges as rulers.

SmartyPants:


Very reasonable comment but you got one thing wrong in your last sentence: the basis of the removal according to the current regime is that Nigeria cannot afford it. That changes the dynamic of what you've addressed in your post considerably.

Nigeria cannot afford it, but Nigeria can afford to pay our legislators the highest salaries and emoluments in the world. Nigeria cannot afford it, but can afford to buy a car worth N160 million for each legislature, Nigeria cannot afford it, but can afford to afford to renovate the presidential and vice presidential Lodge for N7 billion. Nigeria cannot afford it, but it can continue to expend over 70% of our budget (mostly borrowed) on a few civil servants and politicians, while the remaining 30% that was to be spent on the rest of us is still stolen.
Maybe you are one of the very few elite gaining from the corrupt system.

pendragonbladgo:
Subsidy sack is the best...

Africa need to look away from free things and become creative and enterpreneuers....

We need also to stop depending on work after school instead, get educated to become inventors and go into the forest where riches are and turn it to Dubai.

Also move away from investing in excess children and invest in our future!

Africans see life more like family affairs.

We need more hardship, more painful decision to move forward.
We need pains, groans and more deaths to come to our senses.

Africans are yet to wake up. Only 10% are working while 90% of 3.7 Billions of Africans are sleeping!!!

Until 1billion out of Africans population die before we the rest wake up.

Tinubu so far is right on track***

You have got this so wrong that I don't even know where to start. You are blaming poor and helpless (and may I add conquered) Nigerians, for the wickedness of a few elites.

The problem has never been subsidy, because if it was, Nigerian would have been paradise by now, as we have been removing subsidy since the time of Abacha. The elephant in the room is corruption, corruption by a few elite, thar hold the nation to ransom. These elites are untouchable and too powerful for the government to confront, so they punish the ordinary Nigeria instead.

nairalanda1:


Yeah, the fact is, fuel should be at least N900 per liter. NNPC is still the sole(well, majority) importer. That means government is still paying a subsidy of sorts.

Anyway, let's see what happens when the domestic refineries come on stream.

(Note that naira has crashed to near its real value from the artifical value we have been keeping it at for years...after we ran out of money for that purpose)

Naira cannot have a real value until we start producing our products domestically, at least essentials like food, fuel and medicine. Even if the dollar sells at 2,000and petrol becomes N1500 per litre, you and I would have no choice but to buy to run our vehicles and generators for our offices and industries. Same for food and medicine. Ventoline inhalers are selling for over N20,000 now. Are you going to allow your asthmatic child to die because of lack of inhaler?

nairalanda1:


True that.

Also, if fuel is costing over N1000 in our northern neighbour Niger, which has domestic production....it can't be costing below N800 here where we still import.

Truth is, governments in Nigeria love subsides. The problem is, we are so much in debt that we cannot continue.

Believe me, most fuel selling in Niger Republic is still fuel smuggled from Nigeria. Niger does not have a refinery to refine crude and cannot import fuel directly without passing through Nigeria or Benin republic.

Its not about Nigeria loving subsidies, it more about Nigeria not being able to refine one litre of crude and have to rely on imports from Europe and America, which relies on dollars.

MEEVEET:
So who says we no longer have subsidy?

You removed subsidy and petrol is 680 and diesel is 1200

Dey play make una dey play

Nigeria is paying more subsidy today than we have ever paid in our history we are paying over 550 per liters

Exactly. What's the landing cost of petrol today? The landing cost of petrol and diesel is not much different. If diesel is selling at N1200/litre without subsidy, petrol should selling for at least N900 without subsidy, but is selling for between N600 to N650. So who is paying the difference?
NNPC and the government is just hiding the fact from Nigerians.

Padipadi:

God bless you. Those fools are the headslanmers!

Ethnic and religious bigots always reduce everything to religion or tribalism.

Maybe former Israeli Prime Minister Ehud Omert is also a head slammer.

https://www.youtube.com/watch?v=t6iVwaeS_w4?si=Lz5dI3x7Tcc0K7yL

Killing of innocent women children and babies is wrong whether by Hamas or Nahanyahu led government. That some people can sell their humanity just because of hatred of Islam or misplaced love of Israel is crazy.

NzogbuNzogbu:
no country is God but israel have proven to be the most efficient, proficient nation in the world

No nation including USA china Russia can survive having enemies across boarders, an everyday war preparedness from multi millions of Muslims indotrinated by a terrorist manual calling for death to a people and nation.

No nation the tiny size of israel can survive having nearest boarder with enemies on all sides and trans continental enemies who pump oil money you don't have to see your destruction

No nation can survive the everyday combat ness of the israelis and the wars they have won in time past

If no other such nation can do this then joke on you

Israel worshipper. The English people have achieved way more than the Israelis. England is very all areas, almost as small as the land of Israel, but they went on not only to conquer all their neighbours, but also half the whole world, including your own land. They have withstood attacks from the Romans, the Vikings, the Danes, the French, the Spanish and of course their neighbours - the Scots and the Welsh. At the end of the day, they always prevailed.

SoNature:


No, that's not what happened.

The report says that Israel didn't think that Hamas had the guts to execute the plan that's why Israel dismissed it.

That's a lame excuse. I don't believe MOSSAD was not aware of the details of not only plans, but also monitor the preparations and execution. Such large scale operation requires extensive preparations in terms of arms build up, training and logistics. A powerful countries Egypt, Iran or even Turkey cannot invade Israel with such ease, not to talk of a rag tag militia like Hamas.
Then ask yourself, why did it take several hours before the Israeli Defence Force to respond, that is after the murder of over 1800 Israelis.
The people of Israeli must demand answers from Netanyahu.

Eriokanmi:
Abba moro...hmmm. i remember those young Nigerian this man scammed and sent to their early graves with the job aptitude tests after collecting their money paid to ontain the form which was meant to be given out free of charge. Many of these politicians would start reaping the benefits of their wickedness right from earth.

Abba moro was one of the reasons Nigerians dumped Jonathan.

In other climes, ABBA Moro will be spending the rest of his life in jail, bit in Nigeria where anything goes, he is receiving honours.

Ttipsy:
oga as long as one bear igbo, yoruba, hausa, Bini names makes you a native of these ethnic groups

Stop bringing British here, we are African and we don’t joke with our origin!

Millions of Nigerians bear English names, Indians bear English names because of colonial influence, does that make them British ?

You are really dumb and obviously need a brain check ! Look at this one telling me about British , lol . You are old but still don’t have sense

False premise.
People sometimes bear names due to cultural or language assimilation, gaining political or social advantage or simply close contact and admiration of the people. Many examples abound. Many Urhobo and Ijaw people bear itsekiri names a good example is Richard Mofe Damijo, an urhobo man bearing itsekiri name. Many igbos born and bred in the South West bear Yoruba names. Same in the north, so many Mohammeds with northern surnames that are from the south east.
Many parents have named their children Lionel or even Messi because of the admiration of the footballer, even not being Argentinian.

My grouse with the OP is trying to force his preferred identity on others. If he feels igbo as an Ikwerre man, fine, that's his perogative. But if another man feels he is not Igbo, that's their own perogative also. You cannot impose identity on another person.

Bobloco:



Tinubu being described as a democrat is the greatest lie ever told

Imagine! How ironic.
A Democrat that use federal might to prevent the constitution from being adhered to.
Meanwhile, he was among those that protested when the Yaradua cabal did the same thing.

oluwaseyi0:
Tinubu supporting illegality

Very annoying. Ondo state is without a functioning governor just because the current sick governor is an ally of Tinubu.

“This means that Governor Akeredolu remains the chief executive of the state, Aiyedatiwa remains the deputy governor, and members of the State Executive Council continue their respective duties, even as the leadership of the state House of Assembly and the APC chapter in Ondo State is preserved.”

Akeredolu might as well rule from the grave.

At the meeting the president also asked the deputy governor to write an undated letter of resignation as “a form of insurance” for his expected demonstration of loyalty to Governor Akeredolu.

Is this not a form of blackmail using the instrument and power of the presidency?
What would happen if the deputy governor refuses to sign the undated letter of resignation given to him?
Ondo people I know to be highly pro active politically must reject theses shenanigans.

Love800:
Ur wife has like a store dat looks like those mini outlets of sizzlers and chicken republic selling snacks, right?

Ok. I understood you. But i want to ask, those frying these snacks at roads, juctions, roundabout, are they making profit? Am asking because that is wat i intend starting.

Even dat ur wife outlet is wat i intend having las las. Because i dont want be on road all through my life. So am still shocked at this ur comment sha.

I like your spirit. That's the Nigerian spirit. You will be surprised at what people doing all these small business are making daily.

My advice to you is that you should invest in good education first. Go to a good catering or baking school and register. In the alternative train as an apprentice under a very good chef or Baker. Most Nigerian have the habit of going into a business or profession without adequate training. To succeed in the long run your products must stand out.
My wife spent 2 complete years train to be a Baker. Even though snacks are not making much money now, she easily diversified into small chops cakes and pizza. We are thinking of converting the snack shop to a pizza shop. The margin for pizza is way better than snacks.
Domino which is the main pizza shop in lagos makes horrible pizzas at exorbitant prices. She has been getting orders for pizza.

So I advice you to never give up, don't mind the naysayers or negative people. If you can learn a skill very well, you will make it anywhere, even in Nigeria.

haslaw:



May God bless you for this truth.

The south east is the only region in Nigeria without a single Cosmopolitan city because. they are too hostile to other tribes

The Irony is that Asaba, a capital city just a stone throw from the east is becoming a cosmopolitan city. There are lots of not igbos developing properties and doing business in Asaba.

Love800:
wat snack buisness are u refering to pls?
Wat about people selling snacks (puff puff, buns, egg roll, doughnuts, fish pie) at roadsides, do u want to tell me dat they are not making money?

I am not talking about selling snacks at road sides or by street trading, And I am talking about snack shops and outlets, ie Mr Biggs, Tantaliser, Tetrazini, Tasty Fried Chicken, etc. I am talking from my wife's 4 years of practical experience.


The business is passing through difficult times right now, due to ever increasing cost of ingredients, low patronage and high energy costs (NEPA and Gas).

My wife attended thevassociation meeting yesterday (association of Bakers and snacks makers in ikorodu), she told me just this morning that many members have quit baking and snacks to try other businesses.

Vinnie2000:


The Likes of Samuel Akintola deserved Death!😒😒

He collaborated with Ahmadu Bello and Tafawa Balewa to imprison Awolowo and they had plans to run a CIVILIAN DICTATORSHIP!😕🙁

If not for that January 1966 Coup, They would have succeeded and Awolowo would have DIED in Prison, no Cap!😌😔

It's painful Awolowo and most YORUBAS today fail to appreciate the efforts of those Coupists and are Disparaging them.😔😔

Tafawa Balewa and his Northern NPC wanted to Humiliate YORUBAS
With support from Akintola.🤨🤨😏

I wonder how you came to imbibe those evil and wicked values. Is it through upbringing or through indoctrination? Akintola and others deserved to be killed in cold blood because he (or they) Ccollaborated with Ahmadu Bello and Tafawa Balewa to imprison Awolowo, and a meaningless allegation of PLANS to install civilian dictatorship. What exactly is the meaning of civilian dictatorship? Are we in one right now? So you support killing people for PLANS?

Why is it painful for igbos for Awolowo to be in prison, or even if he died in prison? Should it not his fellow yoruba that should be in pains?

mightyhaze:
Even though southeast authorities are guilty of some of these accusations,but then,how many yoruba and Hausa live,work and pay taxes in the east .. how many yoruba and Hausa kids do you find schooling in the southeast, and making meaningful contributions there?

Even though I know Reno is seeking attention from Tinubu, what he is saying is the exact sentiment of most Nigerians including yours truly. Igbo society is very hostile to outsiders. They don't accommodate foreigners in their lands, politics and even business. They don't encourage others to do business on their lands. They are even hostile to other igbos from other states and clans. It's in igbo land that you see an igbo woman married to an indigene of a state being referred to as an outsider and not worthy of a political appointment in that state. In igboland a man whose parents are from Abia but was born and bread in imo would not be allowed any appointment in imo, not even into the civil service.

Igbos have to change that attitude, if they want to build a fast developing progressive society. No society develops by isolating itself.

eagleu:
Haaaaaah
Danjuma and his so called Goodwill Hospital in Enugu more than 50 years after he spear headed unwanted killing, massacre and genocide against Igbos.

How someone as corruptly rich as Danjuma to point fingers at a former minister is just a joke, especially as Danjuma is so afraid of calling out Buhari and his team who depreciated Nigeria to its present level

If you want to reopen oil wounds, then what of the killings and massacre of the military and political of other tribes by igbo soldiers? What of the killing in cold blood of the traditional, religious and political leader of Northern Nigeria? Its like the murder of the king of England.
Maybe we should recall all those involve in both the January and July 1966 coups, tried them (physically or post mortem) and then sentence them to death. Maybe that would satisfy your quest for revenge.

SalamRushdie:
A beneficiary of corruption like Danjuma should learn to keep quiet at all...Non of his Oil wells came through merit

How many of all the dozens of Nigerians with oil well came through merit?

membranus:


Oil well gifted to him by Yakubu Gowon, and not Obasanjo, when he murdered Aguiyi Ironsi and Adekunle Fajuyi in Ibadan, in retaliation for the killing of Sardaunah Bello by the Igbos in the North.

Get your facts right. Gowon did not gift oil wells to anybody. The person that started gifting oil wells was IBB. IBB gifted oil wells to lots of people including Alakija, Adenuga and Abiola.

The person that gifted oil well to Danjuma was Abacha in 1998, just before he died.

Tjra:
Unfortunately people like TY Danjuma is one of the reasons Nigeria is in a mess till date.

How was he the reason Nigeria is in a mess till date? Someone that left the army before you were born, someone that held no political post as a military officer. Someone that was petroleum minister under Obasanjo presidency and not one corruption allegation against him.

This same man is richer than some states in Nigeria by owning oil wells because we live in a corrupt society. He makes millions of dollars monthly doing nothing.

Why you guys hate this man is a mystery to me. I am sure it's tribal, probably because of his involvement in the July 66 counter coup.

Was he the only one that was gifted oil block? Numerous Yorubas and Igbos were also gifted oil blocks by various heads of states, and you guys celebrate them. Folorunsho Alakija was gifted oil block by IBB, and she became the richest black woman. Yorubas celebrate her till date. Same with Mike Adenuga. Emeka Offor was gifted an oil block by Obasanjo, and he is one of the richest igbo man today. The igbos celebrate him.

But Danjuma with all the philanthropic work he his doing and even building multi billion naira hospital in the heart of the East. Something other igbo oil well owners are yet to do, the hate continues.

What did he do to deserve those oil wells gifted to him by Obj?

What did Alakija, MKO Abiola, Mike Adenuga, Emeka Offor, Andy Uba, Folawiyo, Nasiru Ado Bayero, Alhaji Mohammed Indimi and lots of other oil well owners do to deserve oil wells gifted to them? Why are you only obsessed with Danjuma?

Lighthome:
Do you even understand simple English at all? The project was initiated in 2018. It has been ongoing and got completed this year. So why shaming BAT. The current juntas just benefited from long term plan of Francis consortium

We are shaming BAT because he goofed big time by suspending power supply to Niger Republic. Nigeria has reneged on a sign contract with Niger Republic and other West African countries on the river Niger, the agreement was to supply them electricity to prevent them from building a dam upstream on the river. This contract had been in place for over 5 decades - through both civilian and military governments. A change of power Tinubu does not like is not enough reason to bridge the contract. Nigeria would suffer much more should Niger Republic decide to dam the river Niger.

WorldRichest:
30 Megawatt is not worth celebrating

How many Megawatts was Nigeria supplying them to begin with?

garfield1:


You should have compared it in a Kano thread not here.however,apc challenged 165000 votes of nnpp and found them to he invalid.there was no challenge on apc votes.

It's was not in the courts place to find individual votes invalid, that's the responsibility of INEC. courts are not in the position to find individual votes valid or invalid. That's giving the courts INEC’s powers. INEC has been allowed to validate or invalidate unsigned ballots papers.

The courts can query the results - maybe due to proven violence or cheating. It can then order a rerun or even outright cancellation of the whole result, but it should not be in a position to cancell the votes of only one party while leaving the rest for something as trivial as unsigned ballot papers which obvious will affect all the parties.

garfield1:


Sir,we are talking of kaduna.electuins were cancelled or not concluded in 5 units and the court ordered a rerun there

I agreed with three Kaduna tribunal judgement. I was only comparing with the Kano state Governorship tribunal judgement which cancelled the votes of only one particular candidate/party. It did not cancel the results, it cancelled actual votes.

garfield1:


It is not true sir.the courts acts according to the prayers before it.the pdp guy wanted a rerun.moreover once votes are found to be unlawful, the court will cancel them

But the votes themselves were never found to be unlawful. The law made provisions for unsigned ballots papers.

garfield1:


Have you bothered to ask what the prayers in court was

Forget prayers in the courts, this is about citizens votes which should be sacrosanct. The court seems to be denying voters their rights to vote by cancelling their votes due to errors or misdeeds of INEC or any of the parties.

Justice should not only be done but seems to have been done.

wolesmile:

The case of Kano was unsigned result sheets.
This one is over voting. They are two different issues.

It was unsigned ballots paper and not sheets. The sheets were duly signed or else it would not have been used by inec to compute the final results.

If the courts feels the integrity of the tallied votes has been compromised, it should have ordered a rerun instead of allowing APC to sieve through all the ballot papers and remove unsigned ones of NNPP only.

wolesmile:
They won't shout "APC is destroying democracy" now.

But if it were the other way round...

Why did the judges not cancel APC votes and declare PDP winner like the case of Kano Governorship elections tribunal?