Here are my thoughts on President Tinubu’s speech on the economy. I will respond to each paragraph, so you would need to reference the full speech to follow my thoughts:

1. It is good that he came out to explain the reasons behind the policy measures.

2. It is good that he chose to talk in simple terms without economic jargon.

3. I agree with the removal of fuel subsidy although I am not opposed to subsidy per se. It could have been possible to tackle the fraud in the system, and to ensure that only the poor benefit. This will rely on a credible and comprehensive database of the poor, with full knowledge of each Nigerian’s income. Because since that cannot happen overnight, it is better to first stop the country from bleeding $16 billion every year on subsidy that we cannot afford.

4. I agree subject to my views on point 3, above.

5. I agree.

6. I feel that the preceding administration could have acted sooner. I agree that subsidy was initially well-intentioned but has become a millstone on our necks.

7. I agree that the multiple exchange rates gave a few people an unfair advantage.

8. I agree.

9. Understood

10. I agree

11. The hardship on the streets is clear.

12. Good to acknowledge that these are only immediate steps. Good to focus on businesses, the working class and the poorest.

13. Ok but there is a need for speed with these.

14. Suspension and deferred commencement of some taxes will benefit business. I haven’t yet seen the Executive Orders. I will look for them.

15. Funding 75 enterprises with N1 billion each at 9% interest for 60 months is an interesting idea. How the 75 enterprises are selected will be key for the credibility of the initiative, as will how their progress is tracked and reported (including how they are paying back the loan).

16. It is a clear policy choice to energise MSMEs. Some prefer to energise big businesses in the expectation that MSMEs will benefit collaterally by supplying them components. There is no one answer. Either is a policy choice with which reasonable people can agree or disagree.

17. I am glad that the N50 billion grant is to nano businesses and that it is conditional. I am also glad that the touted N8,000 to 12 million households, using the National Social Register, for 6 months doesn’t appear to be happening anymore. As always, how the nano businesses are selected will be key for credibility, as will a report on how they are meeting the conditions attached to the grant.

18. Ditto

19. I look forward to details about efforts to reduce food prices.

20. Release of grains is good. Again, how they will be distributed is important.

21. Ditto

22. Clear policy choice.

23. I look forward to seeing the approach agreed on.

24. Noted

25. It would be good to ensure that this new Infrastructure Support Fund is focused on basic education and primary health, not another state university or “ultramodern hospital.”

26. Using the fund to improve rural access roads is also good.

27. CNG buses are better than diesel or petrol. The provision will benefit transporters.

28. Same comment on how beneficiaries will be chosen. It will be good to think about how the poor will pay to ride in them.

29. Great to see that the minimum wage is being reviewed. It is important to find ways to ensure that the states and businesses are able to comply.

30. Noted

31. I agree

32. We still need to find ways to cushion the effects on the poorest.

33. Noted

34. I hope so too.

35. How the savings from subsidy removal is accounted for is key.

36. I look forward to the details.

37. Noted

38. Interesting. The ‘how’ will be interesting to see.

39. I hope so.

40. Noted

41. Thank you too and may God bless Nigeria.

seunmsg:
This is the opinion of most sensible people as well.

seunmsg:
This is the opinion of most sensible people as well.

Taylor90:


Allow sensible people to speak for themselves

Nothing concern you

Taylor90:


Allow sensible people to speak for themselves

Nothing concern you

seunmsg:
Here are my thoughts on President Tinubu’s speech on the economy. I will respond to each paragraph, so you would need to reference the full speech to follow my thoughts:
1. It is good that he came out to explain the reasons behind the policy measures.
2. It is good that he chose to talk in simple terms without economic jargon.
3. I agree with the removal of fuel subsidy although I am not opposed to subsidy per se. It could have been possible to tackle the fraud in the system, and to ensure that only the poor benefit. This will rely on a credible and comprehensive database of the poor, with full knowledge of each Nigerian’s income. Because since that cannot happen overnight, it is better to first stop the country from bleeding $16 billion every year on subsidy that we cannot afford.
4. I agree subject to my views on point 3, above.
5. I agree.
6. I feel that the preceding administration could have acted sooner. I agree that subsidy was initially well-intentioned but has become a millstone on our necks.
7. I agree that the multiple exchange rates gave a few people an unfair advantage.
8. I agree.
9. Understood
10. I agree
11. The hardship on the streets is clear.
12. Good to acknowledge that these are only immediate steps. Good to focus on businesses, the working class and the poorest.
13. Ok but there is a need for speed with these.
14. Suspension and deferred commencement of some taxes will benefit business. I haven’t yet seen the Executive Orders. I will look for them.
15. Funding 75 enterprises with N1 billion each at 9% interest for 60 months is an interesting idea. How the 75 enterprises are selected will be key for the credibility of the initiative, as will how their progress is tracked and reported (including how they are paying back the loan).
16. It is a clear policy choice to energise MSMEs. Some prefer to energise big businesses in the expectation that MSMEs will benefit collaterally by supplying them components. There is no one answer. Either is a policy choice with which reasonable people can agree or disagree.
17. I am glad that the N50 billion grant is to nano businesses and that it is conditional. I am also glad that the touted N8,000 to 12 million households, using the National Social Register, for 6 months doesn’t appear to be happening anymore. As always, how the nano businesses are selected will be key for credibility, as will a report on how they are meeting the conditions attached to the grant.
18. Ditto
19. I look forward to details about efforts to reduce food prices.
20. Release of grains is good. Again, how they will be distributed is important.
21. Ditto
22. Clear policy choice.
23. I look forward to seeing the approach agreed on.
24. Noted
25. It would be good to ensure that this new Infrastructure Support Fund is focused on basic education and primary health, not another state university or “ultramodern hospital.”
26. Using the fund to improve rural access roads is also good.
27. CNG buses are better than diesel or petrol. The provision will benefit transporters.
28. Same comment on how beneficiaries will be chosen. It will be good to think about how the poor will pay to ride in them.
29. Great to see that the minimum wage is being reviewed. It is important to find ways to ensure that the states and businesses are able to comply.
30. Noted
31. I agree
32. We still need to find ways to cushion the effects on the poorest.
33. Noted
34. I hope so too.
35. How the savings from subsidy removal is accounted for is key.
36. I look forward to the details.
37. Noted
38. Interesting. The ‘how’ will be interesting to see.
39. I hope so.
40. Noted
41. Thank you too and may God bless Nigeria.

https://twitter.com/drjoeabah/status/1686123165838176256?s=46

Please who control highest shares in Oando PLC One of the major companies that benefited from Subsidy

seunmsg:
This is the opinion of most sensible people as well.

EmperorCaesar:
This is very constructive and reasonable

Watch Obi-diots come here to call him names instead of them to counter his opinion with superior logic

seunmsg:
This is the opinion of most sensible people as well.

Taylor90:


Allow sensible people to speak for themselves

Nothing concern you

Beremx:
If only you were sensible as the author of your post because you seem to lack empathy on the plights of suffering Nigerians. If you want to support Tinubu, do that with your senses

Taylor90:


Allow sensible people to speak for themselves

Nothing concern you

Beremx:
If only you were sensible as the author of your post because you seem to lack empathy on the plights of suffering Nigerians. If you want to support Tinubu, do that with your senses

seunmsg:
This is the opinion of most sensible people as well.

EmperorCaesar:
To be honest, PBAT looks like someone with a specific plan
Th fact that he even touched agriculture, Transportation and even creation of more MSME shows his Special Advisers actually thought this through
We are on the right track

As usual, Obi-diots, lets come and wail as usual, this is another cause of Heartbreak

greatiyk4u:


Looks like is an uncertainty statement

seunmsg:
6. I feel that the preceding administration could have acted sooner. I agree that subsidy was initially well-intentioned but has become a millstone on our necks.
7. I agree that the multiple exchange rates gave a few people an unfair advantage.

Taylor90:


Allow sensible people to speak for themselves

Nothing concern you

seunmsg:


This is not your usual ipob wailing and attack thread. If you have nothing sensible to say other than attack the personality of the OP as usual, you can check the next thread meant for characters like you.