A Nation On The Path To Greatness by Akamon(m): 10:03pm On Jul 23, 2023 |
NATION ON PATH TO GREATNESS
Though the short term effect is overbearing and compared to a hellish life to the common man. This is how the state of our Nation currently stands and how Nigerians sees the president reform policy framework. The above is so because, where we Nigerians are coming from is a place of extreme comfort (likened to "heaven on earth" ), a place of subsidy across board though it's a common practice across the globe comparatively but more of a selected and targeted interventions unlike ours that is more like that of a socialist country. The listed below is what I think necessitated Mr. Presidents actions in the nation's recent economic reforms.
Nigeria State of Economy:
Nigeria total Revenue generation in recent time (2022) stands at an average N6Trillion (Oil and Non Oil combined) and her debt servicing stands at around N5T, leaving nothing for the nation to stand on. The Former president (Mohammadu Buhari) desperately want to leave a positive mark behind and to do something for the nation goes out all out cap in hand to secure loans to keep the nation floating and to stay alive . His decision kept increasing our debt burden so as to provide and resolve the following National needs; 1. Pay for Subsidy worth N4-5T(Sea freight cost, land transport cost and other overheads) 2. Subsidize Forex to the tune of N4T yearly to meet Nigeria yearning for importation and keeping Forex down at N450+/$.(During Emefieles regime) 3. Payment of salary to meet the nation worker's needs. 4. Drive the budget capital implementation and others (We were completely living on borrowed money)
Putting the fuel subsidy, the Forex subsidy, debt servicing and listed others together puts Nigeria as an un attractive country that is heavily burden by debt This situation kept Foreign Portfolio Investors and FDI abay and makes the nation look unattractive.
This is what gave rise to the reforms currently going on by Mr. President. It's quite a tough decision by Mr. President and a difficult peel to swallow by the poor masses but in all we can't see the nation going down like our sister countries like Zimbabwe, Venezuela and one-time like broke Greece. Only a political willed politician who is not afraid to see his ratings go down but to see the nation grow can carry out this reforms. What we need now and believe the President will be planning to implement is 1. Interventions like supply of fuel by NNPCL from the Nations fuel reserve to IPMAN at a lesser price to bring down or maintain the price around N500- 550. 2. Maintain forex interventions to stabilize the free market and preventing Naira fall not to go above N750-800. 3. Subsidize CNG engine installation to reduce transport cost and food cost. 4. Removal of tax from any machine needed for CNG machine installation. 5. Provide suitable environment for modular refinery and gas companies investment. 6. From the excess fund to be generated, loans at a single digit rate be provided for modular refinery, transport bus manufacturers and assembly plant and CNG investors. 7. A price regulatory and enforcement agency be instituted immediately.
The above and so many other interventions if rapidly pursued like it's done by the paramedics working to safe lifes in the field are implemented, this will make our nation great again. Tinubu is on the right path and needs all our prayers and support no matter how we hate him.
By Akatu Simon Adogwu |
Re: A Nation On The Path To Greatness by Naijanascam: 10:13pm On Jul 23, 2023 |
Akamon: NATION ON PATH TO GREATNESS
Though the short term effect is overbearing and compared to a hellish life to the common man. This is what the state of our Nation currently stand on and sees the president reform policy framework. The above is so because, where we Nigerians are coming from is a place of extreme comfort (likened to "heaven on earth", a place of subsidy across board though it's a common practice across the globe comparatively but more of a selected interventions unlike ours that is more like that of a socialist country. The following below necessitates Mr. Presidents actions in his recent economic reforms.
Nigeria State of Economy:
Nigeria total Revenue generation in recent time (2022) stands at an average N6Trillion (Oil and Non Oil combined) and her debt servicing stands at around N5T, leaving nothing for the nation to stand on. The Former president (Buhari) in other to do something for the nation goes out to secure loans to keep the nation floating and stay alive . This decision kept increasing our debt burden so as to cover the following National needs; 1. Pay for Subsidy worth N4-5T(Sea freight cost, land transport cost and other overheads) 2. Subsidize Forex to the tune of N4T yearly to meet Nigeria yearning for importation and keeping Forex down at N450+/$. 3. Payment of salary to meet worker's needs. 4. Drive the budget capital implementation and others (We were completely living on borrowed money)
Putting the fuel subsidy, the Forex subsidy, debt servicing and others together puts Nigeria as an un attractive country that is heavily laden with by debt This situation kept Foreign Portfolio Investors and FDI abay that sees the nation as unattractive.
This is what gave rise to the reforms currently going on by Mr. President. It's quite tough decision by Mr. President and a difficult peel to swallow by the poor masses but in all we can't see the nation going down like our sister countries like Zimbabwe, Venezuela and one-time like broke Greece. Only a political willed politician who is not afraid to see his ratings go down but to see the nation grow can carry out this reforms. What we need now is 1. Interventions like supply of fuel by NNPCL from the Nations fuel reserve to IPMAN at a lesser price to bring down or maintain the price around N500- 550. 2. Maintain forex interventions to stabilize the free market and preventing Naira fall not to go above N750-800. 3. Subsidize CNG engine installation to reduce transport cost and food cost. 4. Removal of tax from any machine needed for CNG machine installation. 5. Provide suitable environment for modular refinery and gas companies investment. 6. From the excess fund to be generated, loans at a single digit rate be provided for modular refinery, transport bus manufacturers and assembly plant and CNG investors. 7. A price regulatory and enforcement agency be instituted immediately.
The above and so many other interventions if rapidly pursued like it's done by paramedic working to safe lifes in the field are implement, this will make our nation great again. Tinubu is on the right path and needs all our prayers and support no matter how we hate him.
By Akatu Simon Adogwu Kindly direct the prayers to yourself Sir |
Re: A Nation On The Path To Greatness by dangoteinlaw: 7:17pm On Mar 24 |
Akamon: NATION ON PATH TO GREATNESS
Though the short term effect is overbearing and compared to a hellish life to the common man. This is how the state of our Nation currently stands and how Nigerians sees the president reform policy framework. The above is so because, where we Nigerians are coming from is a place of extreme comfort (likened to "heaven on earth" ), a place of subsidy across board though it's a common practice across the globe comparatively but more of a selected and targeted interventions unlike ours that is more like that of a socialist country. The listed below is what I think necessitated Mr. Presidents actions in the nation's recent economic reforms.
Nigeria State of Economy:
Nigeria total Revenue generation in recent time (2022) stands at an average N6Trillion (Oil and Non Oil combined) and her debt servicing stands at around N5T, leaving nothing for the nation to stand on. The Former president (Mohammadu Buhari) desperately want to leave a positive mark behind and to do something for the nation goes out all out cap in hand to secure loans to keep the nation floating and to stay alive . His decision kept increasing our debt burden so as to provide and resolve the following National needs; 1. Pay for Subsidy worth N4-5T(Sea freight cost, land transport cost and other overheads) 2. Subsidize Forex to the tune of N4T yearly to meet Nigeria yearning for importation and keeping Forex down at N450+/$.(During Emefieles regime) 3. Payment of salary to meet the nation worker's needs. 4. Drive the budget capital implementation and others (We were completely living on borrowed money)
Putting the fuel subsidy, the Forex subsidy, debt servicing and listed others together puts Nigeria as an un attractive country that is heavily burden by debt This situation kept Foreign Portfolio Investors and FDI abay and makes the nation look unattractive.
This is what gave rise to the reforms currently going on by Mr. President. It's quite a tough decision by Mr. President and a difficult peel to swallow by the poor masses but in all we can't see the nation going down like our sister countries like Zimbabwe, Venezuela and one-time like broke Greece. Only a political willed politician who is not afraid to see his ratings go down but to see the nation grow can carry out this reforms. What we need now and believe the President will be planning to implement is 1. Interventions like supply of fuel by NNPCL from the Nations fuel reserve to IPMAN at a lesser price to bring down or maintain the price around N500- 550. 2. Maintain forex interventions to stabilize the free market and preventing Naira fall not to go above N750-800. 3. Subsidize CNG engine installation to reduce transport cost and food cost. 4. Removal of tax from any machine needed for CNG machine installation. 5. Provide suitable environment for modular refinery and gas companies investment. 6. From the excess fund to be generated, loans at a single digit rate be provided for modular refinery, transport bus manufacturers and assembly plant and CNG investors. 7. A price regulatory and enforcement agency be instituted immediately.
The above and so many other interventions if rapidly pursued like it's done by the paramedics working to safe lifes in the field are implemented, this will make our nation great again. Tinubu is on the right path and needs all our prayers and support no matter how we hate him.
By Akatu Simon Adogwu Sir, would it be possible for me to generate a complete bill of quantity for you based on the plan you have provided? You mentioned the cement price as 8500, but we need a full bill of quantity to determine the actual cost accurately. Otherwise, it would just be a rough estimate. Thank you. |
Re: A Nation On The Path To Greatness by Akamon(m): 7:55pm On Mar 24 |
dangoteinlaw:
Sir, would it be possible for me to generate a complete bill of quantity for you based on the plan you have provided? You mentioned the cement price as 8500, but we need a full bill of quantity to determine the actual cost accurately. Otherwise, it would just be a rough estimate. Thank you. You can go ahead with the rough estimate |
Re: A Nation On The Path To Greatness by dangoteinlaw: 9:11pm On Mar 24 |
Akamon:
You can go ahead with the rough estimate However, it's important to note that even a rough estimate requires you to check the current market prices, not only for the cost but also the supply. Once you have this information, you can proceed to calculate the volume and area of each work to be executed. This is called a bill of quality and it demands calculation because an estimate can be very misleading and unprofessional. Getting a bill of quality will cost you a little sum, but it's a wise investment to avoid an abandoned project. If you wish to proceed, please let me know so we can discuss further. |