SmartPolician:


Promote your candidate and stop disturbing us.

Baba he's saying the truth this have nothing to do with candidate. Unless the status quo is changed irrespective of who enters next year Nigeria major problems will still persist.
If Peter Obi enter he will still borrow to build infrastructure unless he no won construct road. Epileptic power supply will still be there except government, insecurities will still persist. If Peter Obi decides to remove subsidy and allow fuel sell for 300 per liter will you still be hyping him like this despite the economic positivity it will bring?
Better stop expecting magic wand from any politician.
All these things should have been done decades ago by now our scars would have healed and we'll not even bother.

Simeonjoe1:


Baba how many Nigeria will agree with this assessment. Do you know serious backlash it'll bring from to any government that want to remove subsidy? See watin happen to Jonathan? Even recently when dey try remove subsidy.

The problem with subsidy is the nature of the beast.

Here is how subsidy works. Because of changes in the price of crude oil, the price of petrol , normally, changes as a result. If crude oil prices are high, petrol prices rise, and if they are low, petrol prices fall as well.

Subsidy means that the government sets the price of petrol...and pays money to the petroleum sector called a subsidy. This subsidy roughly speaking covers the resulting loss made in keeping prices low.

Problem is, as the price of crude rises, so does the cost of the subsidy. Last year, landing cost of crude was N231, oil was at 80 dollars a barrel. Now it is over N700, oil is at 120 dollars a barrel. Meanwhile price of petrol at the pump is at N165 since 2020. As you can see, we have gone from paying less than N200 per liter as subsidy to N600 per liter as subsidy in one year. (Thanks to Russia and Nato).

And over the last seven years, we had to take loans galore because oil revenues were too low for our population. So, we have a heavy debt service burden ..ie paying off the loans. Meanwhile any extra money is going into the subsidy...and it is going in at a very high rate...to the point that NNPC can no longer remit funds to the government, after debts and subsidy costs have been paid.

Guess where they would turn to get the money for subsidy? Other sectors of the budget...and when they run out...another round of loans.

That's why subsidy has to go. It costs too much to feed it. GEJ did not save enough because he was feeding the subsidy monster. At worst there would be a period of high prices...but the value of the naira would improve somewhat, and when domestic refining gets better as a result....we may earn more income. It does not mean we would achieve economic prosperity, but we would be better off than we are now eventually.

kingthreat:


I have come to the ultimate realization that subsidy has to be totally removed at least on the petroleum sectors and power sectors. Then food production should be improved then it is removed from food.

Those in government knows this but they are trying to be politically careful! When Jonathan won try am see as APC use am against him. When buhari won try am see the backlash. It will take a president with strong will we probably don't care about his Party or next election to remove subsidy. It's like a surgery the pain and numbness it'll bring now but will have prospects for the future. I think the wise thing the government should do is to try increasing the power generation and distribution nationwide also increase the use prepaid meters in homes and industries where you pay as you use. Then remove the subsidy on power. With increase in power supply (least 20hrs daily) you can confidently remove petrol subsidy because we go only dey buy fuels for locomotives and not to power our homes or business hence less strain on our income.

franchasofficia:
This type of sound comment can mostly come from an Igbo or Yoruba person. Other Nigerians are just sitting on the fence.



The hope of a better Nigeria lies in the hands of Igbos and Yorubas but since Yorubas have sworn never to reciprocate Igbo people's love and support even for once, which has led to unending political tussle, Nigeria will continue to struggle to rise.



We all know the right things to do but due to tribal hatred and religious sentiments, we will never accept the truth

I wish many Nigeria leaders should follow the technocracy adopted by Obj, Yaradua and GEJ where professionals occupied key ministries, departments and agencies (MDA)
However, in current govt, politicians occupied those key MDAs. That is bane of our problems
Thank you

Dey should just close all borders.... Make dem no con add to Wetin dey do us here

Quintopia:


Things are far cheaper in Nigeria than in Ghana dude.

You need to see how expensive things are in Ghana now, even food.

Boys are not smiling there at all.

[b][/b] You’re Damn correct. I want to buy ordinary indomie them say na 1k Omo e shock me o…!! I go collect change from my Aboki for My Arena if na Nigeria �� ..! Things are cost over there Fr

kingthreat:


Why would I know about a region that is so tribalistic that less than 3% of the population are non-Igbos.
Obi your god of economics was so good that non-indigenous investment from the state is 0%. Talking of producing economy, the only thing Anambra produces is beer. And that beer is sold in the East alone.
Yes but you know about Lagos and Ogun state as there are nothing less than 3 million Igbos there.

Please stop disgracing yourself and visit Anambra one of these days and see indigenous development. Travel more

SmartPolician:



You know nothing about the South East.

Stop disgracing yourself in a popular forum because you want to defend your oppressor.

Pls shut up. I am from Anambra. Peter Obi is simply overrated. Obiano even performed better than him in transforming Anambra state

kingthreat:


Why would I know about a region that is so tribalistic that less than 3% of the population are non-Igbos.
Obi your god of economics was so good that non-indigenous investment from the state is 0%. Talking of producing economy, the only thing Anambra produces is beer. And that beer is sold in the East alone.
Yes but you know about Lagos and Ogun state as there are nothing less than 3 million Igbos there.

Pls shut up. A lot of u kids on nairaland just open your mouth waaaaaah and talk rubbish
So innoson and the industrial clusters in Nnewi are all there for decoration?
Pls shut up once more

DrAkpamudehe:


Pls shut up. A lot of u kids on nairaland just open your mouth waaaaaah and talk rubbish
So innoson and the industrial clusters in Nnewi are all there for decoration?
Pls shut up once more

Are they benefitting Nigeria or the south east. You yourself will rather use a tokunbo Toyota than drive an innoson

Prosper123:

Please stop disgracing yourself and visit Anambra one of these days and see indigenous development. Travel more

Visit Anambra and be denied of my right to movement on Mondays? I rather visit Kabul.

kingthreat:


Are they benefitting Nigeria or the south east. You yourself will rather use a tokunbo Toyota than drive an innoson

Abeg, no shut up again, just seal your mouth.

kingthreat:


Visit Anambra and be denied of my right to movement on Mondays? I rather visit Kabul.

What are you? 17? Sorry, can't indulge you

SEBI UNA SEY NA ONLY NAIJA GET PROBLEM? SMALL GHANA HERE WEY NO REACH OGUN STATE POP. NA LOCKDOWN CAUSE ALL THIS ECONOMIC HARDSHIP,WHEN YOU FOOLISH MASSES WERE SUPPORTIN GOVT LOCKDOWN OVER FAKE COVID COUNTS

kingthreat:


That hell is what over 200 million people are living in. If you're living in Nigeria and you consider the country hell, I advice you jump into the nearest deep body of water to ease the fire.

You are comfortable in hell because you have no choice and haven't tasted a better life

Quintopia:


Things are far cheaper in Nigeria than in Ghana dude.

You need to see how expensive things are in Ghana now, even food.

Boys are not smiling there at all.

just return some weeks back. Ghana is very tough right now. imagine buying BEL-aqua for 2ghc. ordinary bottled water.

Malta guiness is 6 ghc

rush is 3ghc
5star is 3 ghc
coca cola is 5ghc

fuel my tank with 10.50 ghc/litre. this is terrible. cefa now stronger than the cedis.

they massively voted Aku Fado just for him to chase away Nigerians, now karma is hunting them.

Bridget95:
You are comfortable in hell because you have no choice and haven't tasted a better life

Nonentities think they are the only privileged ones that have flown on a plane before.

DrAkpamudehe:


Abeg, no shut up again, just seal your mouth.

Like the way Unknown gunmen dey seal una people mouth

Prosper123:

What are you? 17? Sorry, can't indulge you

Wrong age guess sir. Make sure you sit at home next tomorrow. Don't want your angels to use you as a scapegoat for their secessionist agendas.

kingthreat:


Wrong age guess sir. Make sure you sit at home next tomorrow. Don't want your angels to use you as a scapegoat for their secessionist agendas.

That's why I asked you your age.

Axis313:

And it is that Structural Adjustment Programme that is still affecting Nigeria till today,anything IMF touches turn to dust.They know what they are doing,you approach them for help,but instead of helping you,they triple your problem for you.

Exactly. The initial money they offer you is simply bait, like the one you set for fish.

Subsidywise20:


When I hear all this story about 'country has lot of natural resources'....I just laugh.

Having natural resources is not the issue....it is what you do with the natural resources that matters. That is why America is developed and Ghana and Nigeria and a host of other African countries are not developed. We have a lot of resources....that we sell to other countries for billions, and those other countries take those resources, and use them to make goods worth more than the cost of those same resources!

Add the fact that we do not even control the prices of those resources...price of cocoa, cotton, oil etc are set abroad in London, Paris and New York. And most of the time, the prices are below what can sustain us because everyone else is producing the same thing. (Fact-Uganda had a coffee boom in the late 1970's largely because famine in several coffee producers left Uganda being something of 'the last man standing'. Once those other coffee producers got back on their feet...prices went down. Uganda was back to square one).

When the price cannot sustain us, that is when we run to IMF for loans.

Ghana has this problem because like Nigeria they are not a manufacturing society. They instead sell raw materials, and import stufff...and when the prices go below their needs...wahala dey.

A major problem is the western imposition of tariffs on value-added or processed raw materials from Africa, which can make manufacturing for export unprofitable.

The solution is greater intra-African trade in manufactured goods, and this is on the rise, so the future is bright.

Quintopia:


A major problem is the western imposition of tariffs on value-added raw materials from Africa, which can make manufacturing for export unprofitable.

The solution is greater intra-African trade in manufactured goods, and this is on the rise, so the future is bright.

We don't have to export only to the West to make money.

If we had made refining profitable in this country by removing subsidy.for example....by now we could be making lots of money exporting refined product to most West and Central African countries....(see Niger doing the same from one 20000 barrel per day refinery..exports to Mali, Burkina and nIgeria).

All in all, we have to manufacture stuff from our raw materials. Not just selling raw materials, and posing with the cash.

I thought ghana was flexing

tamdun:
The whole world is feeling the heat, even the best economies are not left out

Shut up
It’s only buhari Government

Quintopia:


Things are far cheaper in Nigeria than in Ghana dude.

You need to see how expensive things are in Ghana now, even food.

Boys are not smiling there at all.

Was there a while back. 1000 GHC is like 20k naira
So easy to burn

This what happens when many world leaders decide to follow a comedian in Ukraine and Biden in America. Let us sanction Russia and suffer for Ukraine. Meanwhile Luhansk region, Kherson Region, parts of Kharkov region, Most parts of Donestk region, parts of Zaporizhia are under full control of the Russians.....and the rest of the world are suffering for Ukraine that is loosing daily - land, personnel, materiel etc

Many politicians will go. SriLanka already sacked their political elites

Shey u see that high inflation is everywhere

FreeStuffsNG:

For most folks like you, you do not value what you have until you lose it.

That is why we do not take our successes in Lagos for granted. We Lagosians suffered more than the rest of the country prior to 1999 and it was that our resolve never to allow that kind of suffering happen again in our land that has kept us on our toes in Lagos since 1999 when the amazingly talented Senator Bola Ahmed Tinubu took over the rein from Col. Buba Marwa.

Today, our economy in Lagos is bigger than the economy of the whole of Ghana. Amongst our many feats in Lagos is the Lekki deep seaport, conceived 13 years ago by Asiwaju Tinubu, that recieved its first cargo ship this week. This deep seaport is the first in Nigeria and the best in West Africa.
You can draw inspiration from our success story in Lagos

If you are suffering in Nigeria now, it is because you have been outcompeted. You probably waste your time online and on social media.

While you stay online and lament, other young focused ambitious Nigerians are competing for the same opportunities you seek.

Those eventual winners do not have time for nairaland and the social media. They do not even have time for pity or lamentation party.

That you do not know how terrible and worse the Ghaniaians case is alone says a lot about how conversant you are about their state yet very quick to disparage.

Ghana redenominated their old cedis in 2007 by knocking off four zeros and between then and now their new cedis has lost value by over ten times such that one new cedi is an equivalent of 100K old cedis or more!

Thankfully, my late President Yardua stopped Prof. Soludo from that dangerous experiment of redenominating the naira and today naira has not been redenominated. My N100K in 2017 is not today worth N1 or less. I thank God and late HE Yardua for stopping Soludo.

Ghana was one of the countries that the IMF and others cancelled their debts completely unlike Nigeria that had to pay about $18 billion during the Pa Obj era yet today, Ghana is back in so much debt even more than it was before her debts were forgiven.

Between 2020 and last year, it was so bad for Ghana that they ran out of forex and had to be bailed out by IMF with $1 billion and Ghana is not yet out of the woods. Last Ghana inflation number was approximately 30% and still not abating amidst high unemployment and scarcity of goods and foods.


Their Ghana stock exchange is nothing to write home about yet this year 2022 alone, our own Nigeria Stock exchange has broken and exceeded the record it last reached before the 2018 global meltdown, printing money for local investors.
Thank God that CBN under Emefiele blocked the useless fraudulent cryto ponzi, the favorite 'food' of lazy and gullible Nigerian youths, may be by now the fraudsters behind crypto and nfts would have killed the naira and most of the "greater fool" liquidated 80K crypto millionaires would have come from Nigeria!

Ghana struggles to pay us for the energy we export to them and when we closed our border, Ghana was on her knees economically and politically while their effort at frustrating some of our nationals in Ghana also backfired.

Ghana has a bizarre and very primitive business system that forbids a foreigner from registering a business and owning a company in their small country unlike Nigeria where CAC is very liberal.
Watch how many of them will get to Nigeria now and start their own businesses yet we do not discriminate against them. Nigeria is a big brother to Ghana and we have always bailed them out.

Ghanaians are in soup but thank God they have a big brother and a second home in Nigeria. The original and current traditional landowners in their capital are ethnic Yoruba who migrated to Ghana from Ile Ife like a century ago and they have since traced back their origin to Ile Ife where Ooni assured them that they will always be welcomed back home.

So while the Yoruba in Nigeria are doing well there are things the descendants of Yoruba in Ghana are not doing well but can always rediscover and get back on their feet.

Nigeria is a safe haven for Ghanaians and Nigeria is far far ahead of Ghana.
Meanwhile,here's free book on business ideas & money sources directory for you,it's 100% free! to download, read and use https://www.nairaland.com/6666800/looking-business-ideas-money-fund. Cheers.

That redenomination policy is the reason I don't like Charles Soludo till today. I am grateful to all who made sure he did not achieve that dangerous experiment.

Western sanction on Russia is the cause of everything life was hard before cus of the war in Ukraine life is now difficult

Inflation? Hhmmm....wetin we go come call Nigeria own?

I said it then that any party that use the word "CHANGE" is from the pit of hell in Lucifer Kingdom. Nigeria apc used it see where we find ourselves, they ruling party in Ghana used it now see the result.

Any country that use that word "CHANGE" must fail.