₦airaland Forum

Sangoamadioha1:
They made arrangements with some companies like GIG, Young shall grow, etc.

Abeg which kind arrangement be dat? Sè government go subsidize the other 50% for each passenger? Will the usual corruption the afflict all subsidy regimes not also infected this scheme?

MasterShifu010:
Doing promo on something you don’t own or sell

E shock me me o. Abi Tinubu don slash price of petrol by 50% also?
How Tinubu won determine price of good or services that are privately owned
owned?

Dshocker:
The bill they passed is inconsequential 🤣

Who will sign the bill to make it law?

Biodun556:
Which group is with the Mace?

Are pro Wike group seats actually vacant?


They have the majority. They will impeach the speaker and the governor. Wike will use the federal might to drive the governor out of office and they will enter legal battle for 8 years or more

It's not that easy to remove a governor. Obasanjo tried with with Ladoja, Fayose and that governor in Jos. Jonathan even attempted to impeach Amaechi, it did not work. No governor had ever been impeached successfully in Nigeria, and I doubt Fubara will be the first.
Using federal might against Fubara will be the gravest mistake Tinubu will do, it will completely destroy APC in the whole of the Niger delta.

dettolgel:
If Fubara wrestles power from Wike by the end of his tenure if he tries to interven he should also receives the same treatment as Wike.

Are you aware of how much Wike is asking for from him? These are public funds and should never allowed to be.

Fubara has already wrestled power from Wike, the same way Wike wrestled power from Amaechi and ditto for Amaechi from Odili. The powers of a governor are enormous, only surpassed by the president. Wike feels he can exercise the same powers as a governor with the support of the president. Wike must learn to be a silent partner as godfather. Tinubu was never overbearing on his Godsons he installed as governors. He has falls outs with Fashola and Ambode, but he was able to manage it well. Wike is feeling like God. He feels he can do and undo in Rivers State.

Amumaigwe:
If the picture you just painted is the Nigeria of your dream, you are of all creatures (including animals) the most miserable.

You are just getting unnecessarily emotional. I am talking about reality and you are talking of dreams. In the Nigeria of your dreams, should the Rivers State debacle be happening at all, should a former governor not only hand pick his successor but also hand pick the state legislatures and all members of the cabinet of the governor including personal aids.
In the Nigeria of my dreams, someone like wike is not even qualified to the chief executive of a company, not to talk of a state.

dettolgel:
Would you encourage someone to be loyal to a particular person at the detriment of the communal good or would you rather someone betrays someone for the good of the community?

Have you imagined how well off the majority of the masses would have lived if our political stooges have betrayed their bosses that are holding this nation down?

Isn't it God and country first?

Believe me the fight is not about communal good, it about the quest for power (Game of thrones). Fubara wants to establish his own political base and structure, and not remain under the wings of Wike.

KELLSNELLY:
You've already said it, the only person's case in court is Tonye Cole's case. And to the best of my knowledge if the Supreme court rules against Sim Fubara then automatically Tonye Cole becomes Governor, and we know he's not in Wike's camp. So either way it's a Loose Loose scenario for Wike.

Wike and Tinubu might prefer that option than allow Fubara remain governor. That's why I mentioned the Ngige example. Obasanjo and Chris Uba readily lost the Governorship to APGA in order to remove Ngige.

Kukutente23:
The number of ignorant people is becoming alarming. Who among all the people you mentioned are part of the case. Only APC took PDP to court in Rivers.
Worst they can do is declare a rerun while disqualifying fubara and even that does not give Wike any chance since PDP won't be allowed to field a candidate and he's no longer popular enough to do any shenanigans

If the Supreme Court orders a rerun and disqualify Fubara, then PDP cannot present another candidate.

TruthsFM:
on what ground? You aren’t even from Rivers State? Fubara will win in the Supreme Court of justice. Infact Tonye Cole of APC has aligned with governor Fubara of f rivers State in dealing with the clueless Empty chest beater Wike. And let me tell you here, Tonye Cole of APC cases was dismissed in the tribunal and Appeal court of justice, his case will be dismissed for lacking merit in the Supreme Court of justice too. Governor Fubara has hit the ground running already.

I doubt Fubara will win at the supreme court. I see a replay of the Ngige - Uba saga here. PDP opted to lose Anambra State in order to remove Ngige. (A grave mistake in my view, because till today PDP has not been able to win back Anambra).
The Chief Justice of Nigeria and Supreme Court justices are the pocket of the president, and the president is on Wike's side. Obviously, the supreme court will align with the president. The only problem now is who will Tinubu and the supreme hand rivers state over to. Will they make the APC candidate Tonye Cole the governor in order to spite Fubara, but Tonye Cole is in Amaechi's camp. Will they hand judgement to Beatrice Itubo, the Labour Party candidate, who is already in talks with Fubura.
Maybe they would look for someone from any of the other smaller parties and reach an agreement to switch over to APC after being made governor by the supreme court.

Blazebond:
It is time the Nigerian government realizes that this foreign companies exiting should be allowed to go and their goods if imported back to Nigeria should be taxed at least a hundred thousand percentage thereby making it unsellable in Nigeria or outrightly banned,go the way of the Chinese,this is what they wanted to try with china in the early 80's,but the Chinese taxed their foods by times ten thousand and nobody imported their goods anymore to china because it was not good for business,don't allow this western thieves to blackmail you into a corner,bite back with full force,deny their goods any import licence and look for their rivals and invite them in with little concessions,make their goods obsolete in your economy,it is the brutal truth .

GlaxoSmithKline stopped making Augmentin antibiotics in Nigeria and the price jumped from N10,000 to N43,000, and this is without the hundred thousand percentage tax you are suggesting. Ventolin inhaler has jumped from N6,000 to N20,000. Are you now suggesting the government ban Augmentin or Ventolin inhaler without adequate replacement? Someone with a life threatening asthmatic attack would be ready to sell his property to buy it matter the cost.

tsdarkside:
what type of lie is that....??
nigeria has amongst the lowest taxation in the world....

False. Nigeria has about the highest taxation in the world for businesses. The hidden part is the unofficial and indirect taxation. To export a product from the interland to the ports. You first pay all sorts of unofficial taxes to all sorts of agencies on the road - Police, FRSC, Customs, quarantine, community tax, local government, etc, then the official ones begin at the ports itself, which in itself is not cheap. Importing nko? Same thing.
Running a normal business nko? You will be inundated with all sorts of agencies - both local and state, demanding one fee or the other. Ordinary mallams that push wheel barrow selling fruits pay agberos and local governments authorities between N500 - N1000 per day. I have not even started on Okada riders, Keke drivers and transporters in general.

tsdarkside:
soo,your solution is to return back to military rule....??

What's your solution then? we cannot continue on this trajectory without the whole thing crashing down on us.

i dont even care sef....

You have to care. Even if you are a japarian, your roots remain here - family, clan and tribe. Even African Americans that was forcefully japaed 400 - 200 years ago are still searching for their roots.

my point is,they are here for the dollars or else they wouldnt care that the economy is not doing that well no more....

This applies to every business. Every business goes into business with the aim of making money (in whatever currency)

btw....they dont earn that much no more in their own countries either today....
dont let them deceive you to subsidies them....
subsidies should only be for local companies only....

I don't understand your point. Even local businesses are folding up due to governments irrational policies. For every foreign business that close shop, a thousand local ones are folding up.

I don't understand what you mean by subsidies? Was the government subsidizing foreign companies or even local ones?

TrumpDonald2:
Dont mind FreeStuffsNG always making noise about foreign investment. Not knowing that at the long run, its of minimal benefit to the country.

We should look for ways to promote local investors and local production.

https://punchng.com/foreign-investors-repatriate-5bn-dividend-cbn/

No country can develop without foreign investment (I am not talking about portfolio investments). China kickstarted its economic recovery with foreign direct investment. The UK economy is feeling the economic impact of EU companies that left as a consequence of brexit.
Foreign direct investments not only brings in badly needed capital, but also bring with it highly needed technology and skills. It is how the government manages the foreign investments that will determine its long term benefits. A proactive government would make sure that the foreign investors transfer technology to the country, and train our people on the technology and skills to take over after a few years or decades. But Nigerian politicians being blind apart from being greedy have no plan or strategy.
China made sure any company that operates in China shares its technology and trains local people. After a few years Chinese starts making those same products.

It's a pity that after more than 60 years of oil exploration and production, Nigeria still depend on foreigners to prospect and mine crude, we still depend on foreigners to repair and maintain refineries build by foreigners 50 years ago. Shame.

tsdarkside:
they only come to nigeria for the dollars....

nothing else....
when we tell una this foreighn companies are doing nigeria no good,una will not listen....

A company have been operating in Nigeria for 3 decades only came to Nigeria because of dollars?
A company that invested in Nigeria at the height of military dictatorship is now after 24 years of civil democracy, and my friend Deepsight would posit that the worst of democracy is better than the best of military dictatorship.
It seems Nigeria attracted more foreign direct investments (not portfolio investments) under military than under democracy.

PZ, Michelin, GlaxoSmithKline, Shell and many other multinational companies left nigeria since the start of this 4th republic.

adefitim:
It will be an injustice if the manufacturing plant is built in Lagos

Lagos is the most investment conductive state in the country. Other state governments are satisfied with the handouts from Abuja. The governments and indigenes of other states feels they are doing investors favours by allowing them invest in their communities, and give unreasonable terms and conditions.

Built2last:
long over due

If Tinubu makes this a reality and ensure the 6 geopolitical zone accross Nigeria.

I will join his supporters.

Lack of power supply is killing dreams and ideas in Nigeria.


The challenge though is that while this company tries to set up.

certain people in certain quarters will insist that if they don't have shares or if their son is not in management. The company can't operate. When Oyibo can't handle corruption. They pack up and go. May this solar company see the light of the day.

Nigeria has no business being in darkness. Me wey dey country where we don't boast of 20 degrees sunlight in a year. I still have solar in my house to support electricity. My Battery is 30 years warranty. solar panel 99 years warranty. Solar will work in Naija if we get it right. Not the solar we buy from China.

To me going Solar should not be our priority right now. We should concentrate more on Gas.

I am talking from the perspective of someone who has been in business for over 20 years and who has been an alternative energy enthusiast.
I have a 4kva solar installation in my office with 12 200 Watts panels. So I know what I am talking about.

First and foremost, we do not have the facilities for manufacturing the main component of solar panels which is the solar cells itself. Solar cells are made of highly refined and doped silicon, very few countries in the world have the equipment and capital to manufacture solar cells. The best we can do is import the components and assemble the parts together, just as we have been doing for cars, phones, computers, etc. I doubt the ones assembled in Nigeria would be cheaper or of better quality than the ones made in China.

Secondly, solar panels are not very effective in Nigeria. During rainy season cloud cover would not enable you to have adequate sunshine hours to fully charge your batteries. During harmattan, dust would cut the amount of power you can extract from the sun by more than half. It's not full harmattan yet and my panels are covered with dust. Of course the rains help in washing the panels, but a few days later it is covered with dust again. Luckily my office is a bungalow, so I bought a ladder and instructed my staff to clime up the roof and wash the panels at least twice a week. Now imagine if it was a multistorey building, you will be at the mercy of the rain.

Thirdly, as I said earlier, a sensible government would invest in gas. Nigeria has more gas than oil. There are huge gas deposits in the east, in the west and of course the Niger delta. Nigeria should not only be energy independent through gas, we should be exporting gas to Europe. There is serious gas shortage in Europe as a consequence of Russia's cutting of its gas supply and the destruction of the nordsteam pipeline. We could have been making billions of dollars exporting to Europe. Instead, we are too lazy to do the work, we just flare the gas into the atmosphere in order to extract the crude.

Now, I am not asking the government to completely abandoned solar energy and even other alternative energy sources, what I am saying is that it should not constitute the main part of our energy mix. That should still be petroleum products including Gas, because that's where we have comparative advantage.

Bliss52:
While you are right

Coast of Lagos and Nigeria coastal states would submerge in few years if something isn't done

We are going to be directly affected

No one is arguing whether we are going to be directly affected by the effects of global warming, it a fact that all cities built on the coast will be affected by raising sea levels. The real question is how much is an underdeveloped and under-industrialized country like Nigeria contributing to global warming , and how much impact can our efforts to reduce pollution make?
Europe and the US has been pumping green house gasses into the atmosphere for over 200 years, China and the rest of Asia has been pumping green house gasses into the atmosphere for over half a decade. We in sub-saharan Africa have not even started pumping gases into the atmosphere, and the world is asking US not to industrialised or to use expensive means of generating the energy needed for industrialisation because of climate change, while China, the US and Europe are still belching CO2 into the atmosphere.

Does it make sense sending 1400 people to attend climate change conference. If 14000 people attend technological conference, I would not mind, if they attend industrial conference, I would be happy, but climate conference? Haha what impact will that make to our immediate needs?

Bliss52:




It's a Conference on climate change and United Nations sent invitation to people who can influence reduction of green house gasses and people that can promote awareness to devastating effect of global warming


PS: Only Government workers are entitled and can collect estacode from CBN as travel allowance no private citizen can get a dime
.

Watin concern fish with raincoat? Watin concern Nigeria with global warming? How much green house gasses is Nigeria contributing to global warming? The countries contributing the most to global warming are China, USA, Brazil, Europe and india? But Nigeria with hardly any industries is the country carrying global warning for head like gala.

USA that should be at the forefront of climate change due to their contribution to green house gasses are staying away. Even though China is promoting climate activism for political purposes, they still generate most of their electricity from coal apart from generating massive amount of pollution in their factories.

If na me be president, I go start to use Enugu coal to begin generate electricity.

_-

Pakute:
Lol, ipob illiterate.

Why not deal with the question instead of ethinc and tribal bashing as usual.
He raised a valid point.
When Tinubu took over, CBN was selling dollars at about N500 to import petrol. When Tinubu removed subsidy price found its actual level at N500/litre. Now CBN has removed itself from dollar sales and price of dollars has doubled, but petrol is still able to retail at btw N600 - N650. How is that possible without subsidy?
Do you agree that Tinubu is still paying subsidy on Petrol in secret without informing Nigerians?

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.