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Nairaland Forum / Nairaland / General / Politics / Stop Electricity Subsidy, IMF Tells FG (15474 Views)
FG Removes Electricity Subsidy Quietly, Petrol In Phases / IMF Tells FG To Remove Electric And Fuel Subsidies, Give More Jobs / Return Of Fuel Subsidies Disturbing, IMF Tells FG (2) (3) (4)
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Re: Stop Electricity Subsidy, IMF Tells FG by lildush(m): 10:00pm On May 13 |
B3sty: Are you just waking up? Good morning oo🤣🤣🤣 1 Like |
Re: Stop Electricity Subsidy, IMF Tells FG by lildush(m): 10:03pm On May 13 |
FalseProphet1: We are returning back to d era of slavery... This is coming very soon. The elite will run away to oda countries |
Re: Stop Electricity Subsidy, IMF Tells FG by BondRiv: 10:39pm On May 13 |
Demonic fund. |
Re: Stop Electricity Subsidy, IMF Tells FG by samwillyco1(m): 10:52pm On May 13 |
Demonic IMF |
Re: Stop Electricity Subsidy, IMF Tells FG by lastkingsman: 1:32pm On May 14 |
pansophist: Nobody (especially superpowers) is neither your enemy nor your friend. It's all about interests. Russia dealt (and still dealing) with their neighbours in the past. Nobody holy past. Without the west, Taiwan, Singapore, South Korea, Japan wouldn't be where they are today. Every country borrows but our leaders borrow for consumption (corruption). Bring down exchange rate less than 400 (which is doable by ramping crude oil production) and their would be no need to pay subsidy riddled with corruption 1 Like 1 Share |
Re: Stop Electricity Subsidy, IMF Tells FG by lastkingsman: 1:37pm On May 14 |
Gerrard59: Which interest should IMF serve in the first place? Africa? Lmao ![]() Where was Africa when IMF was being set up? Who funds the IMF? An agency headquartered in Washington with US contributing 25% of its funds should serve Africa interests. Mad people everywhere |
Re: Stop Electricity Subsidy, IMF Tells FG by lastkingsman: 1:38pm On May 14 |
Gerrard59: Subsidy is not necessary if FGN can bring down exchange rate below 400 |
Re: Stop Electricity Subsidy, IMF Tells FG by Iamanoited: 3:50pm On May 14 |
Morbeta11: imfcracy. |
Re: Stop Electricity Subsidy, IMF Tells FG by Gerrard59(m): 9:01am On May 15 |
lastkingsman: Nigeria does not need a strong naira. The value of the naira is perfect where it is. Subsidies have to go. My annoyance is that this is the same thing Tinubu and his cohorts vehemently kicked against when GEJ was president. |
Re: Stop Electricity Subsidy, IMF Tells FG by lastkingsman: 1:09pm On May 15 |
Gerrard59: The exchange rate is a false way to look at it. The most important factor is the minimum wage in USD per hour. At 30,000 Naira minimum wage per month translates to 20$ in one month. Someone in south Korea earns $20 in two hours but 1 USD = 1350 won. We need to get Naira below N400 and it's doable. All you need is to ramp up crude oil production, reduce cost of governance, and eliminate all subsides. It's critical because we need to improve the real earnings of Nigeria in USD terms, invest in critical infrastructure and make importation cheap. Nigeria needs to import heavily to build for export. Devaluation only works if you have built your critical infrastructure. Our infra deficit is 2.3trn USD https://www.dataphyte.com/latest-reports/all-eyes-on-tinubu-to-close-nigerias-2-3-trillion-infrastructure-gap/ If Iraq is doing 4.4m why is Nigeria doing 1.3 m in oil production? |
Re: Stop Electricity Subsidy, IMF Tells FG by blueAgent(m): 4:55pm On May 24 |
MrSprinter:Was it not the IMF that advised Nigeria to deregulate the telecom sector? Which we are benefitting today. Our leaders are the problem of this country. All the IMF advices are good if implemented by sincere and wise leaders. |
Re: Stop Electricity Subsidy, IMF Tells FG by blueAgent(m): 4:58pm On May 24 |
verifiablefacts: They did, when they advised Obasanjo's administration to privatize the refineries and deregulate the telecom sector. |
Re: Stop Electricity Subsidy, IMF Tells FG by blueAgent(m): 5:00pm On May 24 |
Kobojunkie: I agree. That's why Nigerian is a 3rd world country. From the comments one can see, not many are bright upstairs. |
Re: Stop Electricity Subsidy, IMF Tells FG by blueAgent(m): 5:01pm On May 24 |
sslcrypt: True. |
Re: Stop Electricity Subsidy, IMF Tells FG by blueAgent(m): 5:01pm On May 24 |
Kobojunkie: Nigeria is a reflection of its ppl. Many are not too bright upstairs, sorry to say it, but that's the truth. |
Re: Stop Electricity Subsidy, IMF Tells FG by blueAgent(m): 4:58am On May 25 |
Fedrams: Childish comments |
Re: Stop Electricity Subsidy, IMF Tells FG by blueAgent(m): 5:01am On May 25 |
lastkingsman: God bless, abeg school this clowns. |
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