Westman001:


Good, you've mentioned some countries.

You could as well help us with the strategy of the economy reforms those countries implemented. How they go about it?

You can elaborate on how they experienced more than what we are having currently in Nigeria.

You mentioned some powerful developed countries. Please, the economy reforms you think Nigeria is having now, do you think in the next 3-5 years we could as well have a developed nation like the one you mentioned or rather still be in line to such growth.

chyzoo4u:
At last, we don dey chop statistics, as bag of rice is no more affordable.

MikoB:
Great, every economy reform all over the world always come with some inconveniences and after sometimes the positive impacts will be noticed, but the only fear I have with nigerias' own is that the gains from the inconveniences might might by misused and embezzled by the same people that brought the reforms.
Anyway, let us all give Tinubu a little more time, he might surprise all of us,because these reforms are the only way to go, if you desire better infrastructure and development.

MikoB:


Almost all developed countries go through this always, but let me give you some recent examples, Greece went through a worse reform thar affected almost every sector in the country ,Google is your friend if you want to know more abt it , and I can you tell you now Greece is stabilised. France went through economy reforms in Macron's first year, unemployment was about 10%when he came in but after the reforms unemployment went down to 7% as I am typing now. Do you think Tinubu will just wake up and infringe economy woes on people without any reason? Let me tell you, Nigeria budget is less than 30trillion naira, which is nothing, if we want to develop as a nation, the govt needs more money to provide all these basic amenities we all clamour for.

spiSeyi:

Mr man it took Singapore 10yrs of economy reform to be what they are today and they didn't find it easy in those years to the extent they were eating bamboo trees as food, Israel didn't find it easy during reforms. It's too early to nailed PBAT to the cross, his policies are good and I see Nigeria bouncing back stronger in the next 2yrs

Westman001:


France and Greece you mentioned especially France, is a developed country before Macron. What macron did was only reversed back to some already abandoned policy and try to advanced it in line with the current modern world and also in line with the future.

You should check their 18th and 19th century economy history of which was how they became a developed nation.

For a clue or hint, check on Singapore, the methodologies of Lee Kwan Yun. He transformed the economy of that country from very poor country to developed one.

Or you check Qatar or Saudi Arabia.

These countries, Singapore, Qatar, Saudi Arabia are countries that their status of developed is not up to a century, at least.

MikoB:
Great, every economy reform all over the world always come with some inconveniences and after sometimes the positive impacts will be noticed, but the only fear I have with nigerias' own is that the gains from the inconveniences might might by misused and embezzled by the same people that brought the reforms.
Anyway, let us all give Tinubu a little more time, he might surprise all of us,because these reforms are the only way to go, if you desire better infrastructure and development.

spiSeyi:

Mr man it took Singapore 10yrs of economy reform to be what they are today and they didn't find it easy in those years to the extent they were eating bamboo trees as food, Israel didn't find it easy during reforms. It's too early to nailed PBAT to the cross, his policies are good and I see Nigeria bouncing back stronger in the next 2yrs

Okoroawusa:
I Love Bola Ahmed Tinubu

I Love Nigeria

MikoB:

If you read my write up I laid emphasis on developed countries, that was why I mentioned france, and I am also telling you I am a dual citizen of both nigeria and france, the reforms macron introduced caused alot of protest and damages of govt properties, he did not revert to the old policies which the masses prefer because france is a welfare country, the masses wanted him to continue with policies of working less and earning more, france is the only country in western Europe with 35hours working time per week, france retirement age before reforms was 60 for majority of professions,there was increament in energy prices,before in france if you work just for three months you have right for 80% unemployment benefits for another 3 months, even if you don't work at all, you have right for a payment which is call RSA every month, but the reforms macron introduced stoped all these, and it wasn't easy in the beginning, but now france has been able to avoid recession consequtively and also brought down unemployment rate.

Westman001:


As I've said earlier MikoB, the your points about France is still not a better one to use to compare the current economic situation of Nigeria. A very underdeveloped country. Far below to third world countries.

What you outlined above are just policy closing - The country stop most of their welfare policies. It does not move France from underdeveloped to a developed nation.

France was doing well as a country before they started the Welfare policy for citizens. Macron had to bring the country in line with the current world economy situations. World economy crash after COVID. Which make them avoid recession as you said.

And think of these, even when things were so easy and good in Nigeria, did the government of Nigeria have such welfare policies put in place for citizens. What does that tell you about the government we have in this country.

Pogba12:
Courtesy: Federal Ministry of Information

Mcslize:
Sangoamadioha1 will never be affected by this. He is enjoying himself. He buys fuel at a lesser price of ₦200 per liter. He has nothing to worry about except Peter Obi who has always been his nightmare.

Tinubu 2027 in his mandate we stand.

MikoB:
Great, every economy reform all over the world always come with some inconveniences and after sometimes the positive impacts will be noticed, but the only fear I have with nigerias' own is that the gains from the inconveniences might might by misused and embezzled by the same people that brought the reforms.
Anyway, let us all give Tinubu a little more time, he might surprise all of us,because these reforms are the only way to go, if you desire better infrastructure and development.

wiseoneking:
The way you said and also gave time to Bihari for eight good years. Your type have started again. Always fooled by any government.

chukwuoke:



No be to show us charts up and down make we see the benefits on us citizens.

spiSeyi:

Nigeria is not Biafla Mr. Man and this can only happen in Biafra, history have it that this is what Biafrans ate when coward Ojukwu ran into hidden

MikoB:


I mentioned france because inconveniences and hardships are not friends to anyone or country, moreover countries like India, China, Malaysia etc that are still developing went through different economy reforms of their own, it might not be the same as nigeria's own, every country with her peculiarities, the reform Tinubu is embarking on now, should had been done decades ago with genuine intentions. Like I said nigeria needs more money for developments, if the govt can utilise the gains from this reform very well, it will be the beginning of our prosperities, a good infrastructure encourages productivity and productivity encourages enlargement and exportations all these put together make a good economy.

Westman001:


You appear to me like an intelligent person. You have argued your points as much perfect as you could.
Sincerely, I don't expect you to be one of the people that support this current government. Well, except you are working for them somehow though.

But you shouldn't be supportive of this government because the real reforms that is necessary, have not being put in place. The real reform, which Nigeria needs begin with the people in politics.
And Tinubu has not display any wisdom or knowledge, character, and readiness required for such changes.

I had doubts about his ability to govern at such level during his campaigns and the way he handled the removal of subsidy only nailed it all. Tinubu would only make things worse.

Whatever you think this government can do to be different is just a mere dream. And if you probably don't know yet, the subsidy is already back in place. Part of the reason been that he handled the removal like an amateur.

Mrtaye:

Your argument is not tenable because Nigerians ab initio were not the cause of the reforms so why must I suffer for some people's problems

lexy2014:


pls what is the meaning of reform?

what exactly is being reformed?

is it because of subsidy that rice was being sold for 6k?

was it only because of subsidy that Nigeria was borrowing?

when subsidy on diesel and kerosene was removed, did it stop borrowing?

since Tinubu removed subsidy on fuel, did it stop him from borrowing?

how is fuel subsidy the only issue that Nigeria was facing?

since it has been removed, has that solved all Nigeria's problems?

how are they working to cushion the effect of fuel subsidy?

Kingrshd3:



God bless you ..

The continuous borrowing was because dollar was 1500 but yet u are still buying fuel at 700naira instead of 1200/1300.

due to global recession issue he is even paying more subsidy than what buhari paid 😢

Now imagine if subsidy wasn't even removed 😭

Then Nigeria would have been inside a pit of hell...

Ask people in overseas if their tax, standard of living electricity etc too wasn't inflated 🤔

Please I don't see anything wrong in Tilumbuubu policies rather it's going to be for betterment of Nigerians in the future ..

lexy2014:


off point. how does that answer the following questions as enumerated?

1. pls what is the meaning of reform?

2. what exactly is being reformed?

3. is it because of subsidy that rice was being sold for 6k?

4. was it only because of subsidy that Nigeria was borrowing?

5. when subsidy on diesel and kerosene was removed, did it stop borrowing?

6. since Tinubu removed subsidy on fuel, did it stop him from borrowing?

7. how is fuel subsidy the only issue that Nigeria was facing?

8. since it has been removed, has that solved all Nigeria's problems?

9. how are they working to cushion the effect of fuel subsidy?

lexy2014:


wow...is that the picture of your head and the reason why you are unable to answer these questions?

1. pls what is the meaning of reform?

2. what exactly is being reformed?

3. is it because of subsidy that rice was being sold for 6k?

4. was it only because of subsidy that Nigeria was borrowing?

5. when subsidy on diesel and kerosene was removed, did it stop borrowing?

6. since Tinubu removed subsidy on fuel, did it stop him from borrowing?

7. how is fuel subsidy the only issue that Nigeria was facing?

8. since it has been removed, has that solved all Nigeria's problems?

9. how are they working to cushion the effect of fuel subsidy?

Putinofrussia:

Bad news merchant.
You are disappointed,kwa?