Curious345:
Lol

Tinubu remains a one term president.. on my dad's grave , I swear that only the hardheaded Yoruba tribalist will vote for him in 2027..

He will not see 2m votes total

Curious345:
Lol

Tinubu remains a one term president.. on my dad's grave , I swear that only the hardheaded Yoruba tribalist will vote for him in 2027..

He will not see 2m votes total

Ironbull:


You are not only ode you re a fool, ozuor, ndiala, slowpoke and nitwit put together.

goody234:


See your life you still never answered the question an even bigger Ode

maxiuc:


Yesterday I went to market I bought my fresh tomatoes

Thank God for provision

Making me afford things that seems to be luxuries to some people I now afford it with ease

God will keep blessing me they should keep teaching obi a lesson

The lessons they are teaching Obi and obedients are favouring me .

Chikel20000:
the last one was rigged...what did u do about it?

omohayek:
As usual, all the same old trolls and dimwits rush to post their inane personal attacks on Tinubu and tribalistic nonsense about "ronus", but the whole lot can't demonstrate they share a single working braincell between them. None of them can say how exactly Saint Peter Obi (aka the Messiah from Anambra) would have done any better to handle the situation, so sure are they that Obi must be better simply by virtue of being their "kinsman".

Here's a challenge for all you empty barrels with your endless insults: share with us how any leader is supposed to square the circle of rising worldwide interest rates, low oil revenues and low taxation with huge expenses on petrol and electricity subsidies. Does Peter Obi have a magical money tree in his backyard (or in his Virgin Island offshore accounts)? Can he repeat the miracle of loaves and fishes, and use the same oil money to pay for expensive domestic subsidies and interest on foreign loans? I bet most of you low-IQ buffoons don't even know how compound interest works, let alone what the current yield on US treasuries is (or why that might be important).

Nairaland really needs to do something about the hordes of idi.ots who clamber to spew the same old ignorant, tribalistic claptrap on every single topic. All it does is drive away those might actually have something intelligent to contribute.

Standing5:
hmmm.
Even at personal level, debt is suppose to be invested properly and not used to set up a list for retail of groceries you can consume freely and blame on lack of patronage. That what the useless govt is doing. They take loans, eat it through inflation of contracts on needless projects, and when the projects cant repay the loans, they blame lack of patronage for it like the above grocery store owner I used as example.

No feasibility studies to see how this loan can repay itself through projects it is being used for.

ElSudani:


Obi will still not be president even if grass is the only thing left for you to eat.

IbeOkehie:


The real solution to this problem is to remove government from dabbling in any commercial activity, owning any resources and setting prices. Nothing owned by government works well in the long run.

Good Luck to Nigeria.

sulaak:
A broke country should not build new coastal roads when the existing road network needs repair. Tinubu corruption is shocking, but the majority of the problem, including the Ways and means, are from the Buhari government

Standing5:
Tinubu's ways and means volume is quite significant too. He printed slot thinking that's enough to manoeuvre his way out of the situation. Dude never really understand how currency loses value.

Standing5:
how is the British empire doing theirs?
How are other nations doing it?

Govt must must be business minded. Saying govt shouldnt dabble into any business is tantamount to avoiding the issue of corruption that can catch up with any private business. This was how we removed the subsidies and are still borrowing plus wasting funds.

VTJN:
was there hardship before rigging it?

Standing5:
how is the British empire doing theirs?
How are other nations doing it?

Govt must must be business minded. Saying govt shouldnt dabble into any business is tantamount to avoiding the issue of corruption that can catch up with any private business. This was how we removed the subsidies and are still borrowing plus wasting funds.

IbeOkehie:




Greed and selfishness are common human failings that can only be acted on when there's OPPORTUNITY to do so.

The major cause of corruption in Nigeria is

government ownership of economic resources & commercial companies,
government payment of subsidies and
government regulation of prices.

That's it. Once all that government involvement is abolished, there will be very little opportunity for anyone to act upon their natural tendency to be greedy, wicked and selfish. I've never heard of anyone consenting for sex as a condition to admission to Covenant or Igbinideon Universities, but it's rampant at Unilag.

Evidence in Nigeria - telecoms, cement and broadcasting companies. Very little complaints of corruption in those industries because government has very little involvement in their operations.

Simple stuff, but somehow very hard for Nigerians to comprehend.

IbeOkehie:


There's no country in the world with zero corruption. Certain public functions can only be done by government to avoid self dealing and promote fairness. There should be severe restrictions on the expansion of government beyond those functions.

Also note that with privatization and deregulation, the vast majority of government agencies can be abolished. For example, there's no need for a Ministry of Sports or government controlled Nigeria Football Federation.

The advancement of technology can convert certain public functions into private activity. Example block chain currencies like bitcoin can replace the naira and thus the Central Bank. Further back in time improved technology made telecom monopolies obsolete, same as solar electricity will reduce the need for a central grid system.

Abolishing government subsidies, control of resources, ownership of commercial institutions and regulation of prices - and the agencies that administer them - will drastically reduce corruption and also cut down the cost of government.

Evidence abounds. Unilag vs Covenant University or NITEL/MTEL vs private telecoms companies. Cement Armada subsidy corruption vs privatized cement companies.

When privatization & deregulation is implemented, it will result is strong economic growth and increased government revenue. There will be enough for government officials to steal without heavy impact on the lives of citizens. This is the case in every developed country including USA, China, Singapore and Japan.

When such stealing does occur, it's up to the citizens to hold politicians accountable at the ballot box.

Standing5:
how is the British empire doing theirs?
How are other nations doing it?

Govt must must be business minded. Saying govt shouldnt dabble into any business is tantamount to avoiding the issue of corruption that can catch up with any private business. This was how we removed the subsidies and are still borrowing plus wasting funds.

blueAgent:


Who told you there is no corruption in the private sector?

IbeOkehie:




Of course corruption exists in the private sector. It's different from government related corruption because

(1) The business will suffer the consequences, not the public.

(2) Customers most times have a say in patronizing the business.

(3) Competing businesses provide alternatives.

Ever heard of admission officers demanding sex as a bribe at private universities? It happens at federal and state universities, video abounds on the internet.

Private banks that give out corrupt or foolish loans will suffer the consequences and fail. Diamond Bank is a good example. A major shareholder installed his son as CEO. That's a form of corruption called nepotism.

Unfortunately the son wasn't very good at the job. His family lost a lot of money when the bank collapsed.

If Diamond Bank was owned by government the losses would have been borne by the public. There would also have been a lot of controversy about the sale to Access Bank.

MTN in the early days of telecoms was corruptly overcharging customers based on per minute billing. People complained. Globalcomm then provided an alternative per second billing and the rest is history.

I've recounted evidence from the past. Now prediction. The new Renting Laws in Lagos state are a form of price regulation. Enforcing them will result in higher prices and corruption. We will all read and hear the stories in the coming years.

Corruption exists everywhere. The real quest is how to reduce it. The evidence is that such reduction can be accomplished by implementing widespread privatization of resources and commercial institutions and deregulation of prices.

These are simple, easily deduced facts. I don't understand why Nigerians are so in love with socialism despite available evidence that we all have lived through in the past 20 years or so. Well actually I do know why, but let's not get into that.

Thanks anyway, have a good day.

Good Luck to Nigeria.

IbeOkehie:


I doubt you or anyone you know use NIPOST... very few Nigerians use NIPOST.

When I lived in Nigeria NIPOST was dormant, we used Luxury Bus operators to deliver letters and packages and also one company called Red Star or something like that. It was owned by DHL, I know because I checked.

Sending letters from abroad through NIPOST guarantees it will be lost or opened and searched and contents stolen. Up till this very day NIPOST only generates financial losses for the Federal Government ...just like every other government owned company or institution. I'm sure anyone trying to get employed or work a supply contract at NIPOST must pay a bribe or know somebody.

Not only in Nigeria sha... in the USA the government owned US Post Office generates BILLIONS of dollars in losses annually while private postal companies like FedEx make BILLIONS in profits

https://www.reuters.com/business/us-postal-service-reports-65-billion-net-loss-2023-fiscal-year-2023-11-14/



No, NCC doesn't dictate prices. The operators only have to NOTIFY the NCC of price changes, guided by fairness and in line with competition, something like that.

The NCC can never force Airtel or MTN to charge a specific price. Never. That's why Nigeria has a functioning telecom system.

NCC tried to stop DSTV from increasing their prices. How did that work out? NCC doesn't regulate prices. That may change because Nigerians looove socialism but for right now NCC supervised markets have deregulated prices. Thank goodness for that. Again it's a major reason the telecoms system works for so many people.

Regulated pricing destroys all industries wherever and whenever implemented. Regulated pricing is a major factor that has destroyed the electricity industry, in addition to total government control through TCN.

NOTHING OWNED BY GOVERNMENT WORKS properly in any country. Government owned companies are ALWAYS inefficient and corrupt, unproductive and financially wasteful...in EVERY SECTOR or INDUSTRY.

This is basic knowledge every Nigerian must take to heart if we want to make the country better. Government is almost always the problem, not the solution.

Good Luck to Nigeria