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Tinubu To Nigerians: Fuel Price Hike Inevitable - Politics - Nairaland

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Tinubu To Nigerians: Fuel Price Hike Inevitable by NwaNimo1(m): 7:11pm On Sep 06
President Bola Tinubu on Friday in Beijing rounded off his official engagements in People’s Republic of China with a meeting with Nigerians living in the country, assuring them that his administration will replicate quality infrastructure available in China in Nigeria.

Addressing members of Nigerians in Diaspora Organization in China (NIDO China) and the Nigerian community at the China World Hotel, the President to the applause of the audience, stressed that one key takeaway from his visit to China is the commitment to replicate China’s infrastructure back home.

He said: “We want our children to be in good schools, not tattered huts and dilapidated buildings. We must make our teaching innovative and allow businesses of all kinds and sizes to flourish”.

On the recent fuel price hike in Nigeria, President Tinubu described the hard decision taken as one of the unprecedented steps aimed at reforming the country.

According to him: “Nigeria is going through reforms, and we are taking very bold and unprecedented decisions. For example, you might have been hearing from home in the last few days about fuel prices.

“But, can we help it? Can we develop good roads like you have here? You see electricity being constant in quantity and quality. You see water supply, constant and running, and you see their good schools. And we say we want to hand over a banner without stain to our children?

“What is the critical part to get us there if we cannot take hard decisions to pave the way for a country that is blessed and so talented?
“One economic action leads to another, and it is in your hand to build our nation. Mine is to provide the leadership, and I am committed to doing just that,”
the President stated.

He noted that while it is not always easy for a leader to have a national consensus on issues, he is ready to take the hard decisions to move the nation forward.

“We are focused, and I have a very good team,” President Tinubu added.

The President while describing his working visit to China as “very good and successful” also emphasized his efforts to strengthen cooperation in infrastructure, trade, finance, energy, green economy and mining during his discussions with President Xi Jinping, Premier Li Qiang and his participation at the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC).

“What is uppermost in my mind is for you to continue representing Nigeria as good citizens, and I urge you all to be good ambassadors of our nation in China.

“We will always celebrate our diversity. We cherish it, but this diversity is our commitment to serve. If it is about service, we must be good citizens,”
President Tinubu stated.

He also stressed the importance of discipline and commitment to national service, citing China’s disciplined society as an example for Nigerians to follow.

His words: “I cannot tell you more, except from the embassy, that China is a very disciplined society and we have to be disciplined too. Without discipline and commitment, we cannot build a nation that is respected everywhere in the world.

“We must exploit our diversity and be ready to do everything required of us within the laws of the communities that we live in and reflect a good image of our country”.

Highlighting the impact of investments in China’s economy, President Tinubu assured Nigerians in Diaspora that Nigeria’s Bank of Industry (BoI) is prepared to collaborate with them to leverage opportunities back home.

“So many of you are so talented, speaking very fluent Mandarin. It is what you contribute and tell them at home that will reflect in the attitude of our people. The more you want everything free, it will become more expensive and long-delayed to achieve meaningful development,’’ the President said.

Earlier in his remarks, President of NIDO China, Dr Oche Barnabas, commended President Tinubu for his commitment to strengthening Nigeria-China relations, particularly in trade, investment, and people-to-people collaboration.

He expressed NIDO China’s support for Nigeria’s 4Ds initiative, launched by the Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, earlier in the year.

The NIDO boss stressed that the organization is eager to drive the initiative forward within the diaspora community.
Barnabas requested President Tinubu’s assistance in advocating for Nigeria to be officially recognized as a native English-speaking nation, which would open up job and educational opportunities for Nigerians in China.

According to him: ”Your Excellency, I wish to indulge your kind attention and use this rare opportunity to share a key challenge on behalf of the Nigeria community in China. Due to the peculiar nature of this country, the Nigerian community is mainly composed of students, expatriates, and businessmen.

”Our desire is that Nigeria is officially recognized as a native English-speaking nation in China. We believe your esteemed engagements with the high-level authorities can assist us in establishing this status.

”Presently, over 70% of available international jobs in China are reserved for native English speakers. In 2016, the local authorities listed South Africa as a native English-speaking nation.

”We believe Nigeria has a chance to receive similar recognition due to the fact that English language is our official language and we are also blessed with Professor Wole Soyinka who was awarded the Nobel Prize in Literature in 1986.

”We believe the enhancement of our status will open more opportunities to allow more Nigerians to study and work in China, thereby increasing diaspora remittance to Nigeria,” he said.

Barnabas assured that the organization would continue to contribute their expertise and resources to support President Tinubu’s administration and efforts to elevate Nigeria’s global standing.
Deji Elumoye in Beijing, China

https://www.thisdaylive.com/index.php/2024/09/06/tinubu-to-nigerians-fuel-price-hike-inevitable/

7 Likes 5 Shares

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by RenaissanceGuy: 7:14pm On Sep 06
I scanned through the whole writeup and couldn't see where he said that. So, wrong headline by ThisDay.

MODIFIED: To all the shameless people throwing insults, I leave you to your st<pidity.

46 Likes 6 Shares

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by Bobloco: 7:15pm On Sep 06
Tinubu, let the poor breathe

Don't suffocate them

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Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by washmibili: 7:16pm On Sep 06
Its like he's just suffering us on purpose.

34 Likes 1 Share

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by NwaNimo1(m): 7:17pm On Sep 06
Despite PMS being manufactured locally?

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Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by Bobloco: 7:18pm On Sep 06
RenaissanceGuy:
I scanned through the whole writeup and couldn't see where he said that. So, wrong headline by ThisDay.

He actually said it.

According to him: “Nigeria is going through reforms, and we are taking very bold and unprecedented decisions. For example, you might have been hearing from home in the last few days about fuel prices.

“But, can we help it? Can we develop good roads like you have here? You see electricity being constant in quantity and quality. You see water supply, constant and running, and you see their good schools. And we say we want to hand over a banner without stain to our children?

107 Likes 4 Shares

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by Nonny95: 7:18pm On Sep 06
RenaissanceGuy:
I scanned through the whole writeup and couldn't see where he said that. So, wrong headline by ThisDay.

Zom Zom.. You go cry blood

46 Likes 2 Shares

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by Racoon(m): 7:20pm On Sep 06
Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by PointB: 7:25pm On Sep 06
They art busy selling the oil of Nigeria and its oil facilities unto themselves under the guise of reform. Were it not that Nigeria is divided by tongue and religion, these thieves would not have their way.

30 Likes 3 Shares

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by VeeVeeMyLuv(m): 7:34pm On Sep 06
Bobloco:


He actually said it.

According to him: “Nigeria is going through reforms, and we are taking very bold and unprecedented decisions. For example, you might have been hearing from home in the last few days about fuel prices.

“But, can we help it? Can we develop good roads like you have here? You see electricity being constant in quantity and quality. You see water supply, constant and running, and you see their good schools. And we say we want to hand over a banner without stain to our children?

But The reform no reach fighting corruption abi? He thinks he is clever

77 Likes 6 Shares

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by Racoon(m): 7:34pm On Sep 06
A man that came into government based on entitlement mentality is not prepared to help anyone let alone a nation any good.

74 Likes 3 Shares

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by Bobloco: 7:37pm On Sep 06
VeeVeeMyLuv:


But The reform no reach fighting corruption abi? He thinks he is clever
Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by Prince111111: 8:01pm On Sep 06
RenaissanceGuy:
I scanned through the whole writeup and couldn't see where he said that. So, wrong headline by ThisDay.
try and read over or you don't know the summary of the story.

12 Likes 1 Share

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by Soulsymbol99: 8:12pm On Sep 06
These people have never been In touch with the common man's reality undecided

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Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by EsomahJD: 8:18pm On Sep 06
Tinubu please consider southwest oo

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Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by Bimpe29: 8:59pm On Sep 06
He has the guts and audacity to relegate the masses welfare to the background. He is asking us to be fastening our belts while he's busy living large.

93 Likes 3 Shares

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by Oracleee: 12:35am On Sep 07
I thought he denied it at first.
Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by TheFreshVanilla: 12:58am On Sep 07
If we weren't a nation of foolls, how could we trust the resources of over 200 million people to someone with a dubious track record. A man who was too afraid to participate in a presidential debate.
Bimpe29:
He has the guts and audacity to relegate the masses welfare to the background. He is asking us to be fastening our belts while he's busy living large.

49 Likes 1 Share

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by Guestlander: 1:14am On Sep 07
RenaissanceGuy:
I scanned through the whole writeup and couldn't see where he said that. So, wrong headline by ThisDay.

Nigerian journalism has gone to the dogs. Once reputable newspapers now dish out exaggerations and completely false news.

1 Like 2 Shares

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by Sonyboom765: 1:15am On Sep 07
So in this your quote where did he say fuel increase is inevitable or where did he alluded to increase in fuel prices ?


Bobloco:


He actually said it.

According to him: “Nigeria is going through reforms, and we are taking very bold and unprecedented decisions. For example, you might have been hearing from home in the last few days about fuel prices.

“But, can we help it? Can we develop good roads like you have here? You see electricity being constant in quantity and quality. You see water supply, constant and running, and you see their good schools. And we say we want to hand over a banner without stain to our children?

41 Likes 2 Shares

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by Bobloco: 1:59am On Sep 07
Sonyboom765:
So in this your quote where did he say fuel increase is inevitable or where did he alluded to increase in fuel prices ?



It's obvious you lack the capacity to comprehend simple and precise English language

41 Likes 3 Shares

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by idahme(m): 2:05am On Sep 07
RenaissanceGuy:
I scanned through the whole writeup and couldn't see where he said that. So, wrong headline by ThisDay.

Read don't scan, people who read will have answers to their questions but scanners will be confused as you are currently grin

23 Likes 1 Share

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by haybhi1(m): 3:06am On Sep 07
That's the fact, unfortunately. The fuel price will even still get more inflated.

1 Like 2 Shares

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by worksmart(m): 3:25am On Sep 07
Ever wonder why they stopped using the term " subsidy removal" for this latest price increase?
Or you never even noticed huh?

9 Likes

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by hisexcellency34: 3:30am On Sep 07
Protest is also inevitable

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Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by Iamanoited: 3:33am On Sep 07
FRAUD IS FRAUD. UNCONTROLLABLE INFLATION IS "TINUBULATION".
COME BACK:-
TAG THE NAIRA AT N200 : $1.
FIX PETROL AT N500 PER LITER. KEROSENE AT N500 PER GALLON AND DIESEL AT N600 PER LITER.

3 Likes

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by VeeVeeMyLuv(m): 3:49am On Sep 07
The subsidy removal (which they have brought back) led to price volatility and concerns about energy affordability, revealing the complexities of balancing economic imperatives with social and energy security considerations,” he added.

Indonesia’s example shows that energy reforms work best, when certain conditions are in place: “domestic refining value chain; critical infrastructure for transportation and logistics; complementary policies and mechanisms to cushion the short-term social costs”.

----- Adeola Adenikinju, president, Nigerian Economic Society (NES) culled from business day


It also warned that Nigeria may be facing the danger of sovereign debt default, saying that if nothing is done fast to address the situation, the country will one day collapse into another country.

Delivering a lecture titled “Nigerian Economy, the Past the Present and the Future, Dr Vincent Owuani, said that from the time the present administer action came in 2023, and continued from where the former administration that started in 2015, stopped, and incidentally the same party, what the people have learnt is, that things are better said than done.


September 5, 2024

Nigeria has lost over N98trn following exit of multinational corporations – Anambra OPS

Nigeria has lost over N98trn following exit of multinational corporations – Anambra OPS
…says Nigeria may face danger of sovereign debt default

By Chimaobi Nwaiwu


THE Organized Private Sector, OPS, in Anambra State, Thursday, said that the exodus of multinational cooperation from Nigerian economy is impacting negatively on the country, saying that Nigeria has lost over N98 trillion Naira following the trend.


It also warned that Nigeria may be facing the danger of sovereign debt default, saying that if nothing is done fast to address the situation, the country will one day collapse into another country.

The OPS operators spoke yesterday during the Nigerian Economic Intelligence Estimate, NEIE, organized by the Onitsha Business School, OBS, as part of the activities marking its forthcoming 10 Years Anniversary/ 3rd Convocation Ceremony.

Delivering a lecture titled “Nigerian Economy, the Past the Present and the Future, Dr Vincent Owuani, said that from the time the present administer action came in 2023, and continued from where the former administration that started in 2015, stopped, and incidentally the same party, what the people have learnt is, that things are better said than done.

He said that Nigerian economy is growing at the decreasing rate, adding that no country succeeds when its larger sectors of the economy, like agriculture, manufacturing, trade and oil and gas are depressed.

“In Nigeria the sectors that are the largest are not the ones growing fast. The only sector that is growing in Nigeria is the finance sector and you all know the reason.

“The cost of doing business has become very high due to hike in fuel and diesel prices.The most difficult thing to discuss today is Nigerian economy, that is because it is unpredictable, the economy is passing through subsidy burden. Cost of importation has gone up, custom duties are high, just as exchange rate.

“Nigeria is under the threat of sovereignty debt default, the country is in the danger of being collapsed into another country. The country is highly stressed, there is business stress, human resources stress, security stress. Human Resources is a major stress, but we are not talking about it.

Adding that the crisis the Nigeria economy is going through have not been seen before, they accused the Central Bank of Nigeria of subsuming the work of the Finance and Trade Ministries.

The exodus of the multinational corporations from Nigeria economy has made Nigeria to lose over N98 trillion Naira. The exit of the companies follows security challenges, macroeconomic issues and intimidation by government agents, before it reached at their elastic limits that led to their exit.

https://www.vanguardngr.com/2024/09/nigeria-has-lost-over-n98trn-following-exit-of-multinational-corporations-anambra-ops/

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Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by dfrost: 5:53am On Sep 07
Hmm...
Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by VinnyBaba: 5:54am On Sep 07
This Tinibu is such a USELESS president. undecided undecided

Even Nigerians prefer a Goat more than him. embarassed

Helinius, Yarimo and every single APC Agbad0rian should be ashamed right now. sad

4 Likes

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by Bobloco: 5:54am On Sep 07
Nigerians should brace up for more hardship

1 Like

Re: Tinubu To Nigerians: Fuel Price Hike Inevitable by Snowx: 5:55am On Sep 07
RenaissanceGuy:
I scanned through the whole writeup and couldn't see where he said that. So, wrong headline by ThisDay.

You don't know who you voted for..haha..e shock you?? Tribalism has its consequences

9 Likes

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