It's no use lamenting. We have gotten used to certain way of life now the situation has changed. In developed economies they will ask you first of what you can do(experience and skill). In Nigeria they will ask you of your certificate and grade.

If the cost of living is increasing, the solution is not lamentations and name calling. The solution is multiple streams of income and cutting of costs. Everyone can do it. Who tells you that you can't work in an office and have a barbing shop as side hursle? That's what they do abroad and their GDP increases.

We all have lived false lives for a long time. Reality has cut up with us. It's time to realign. It's not tinubu's fault. Experts saw it coming for a long time. Our revenue to GDP ratio has been low and we did nothing to increase revenue.

We have not been producing but consuming. Tinubu and his team will have to make painful decisions. We don't pay tax particularly income tax. Other nations make people work so that the government earns tax.

We just love subsidy. Import subsidy through fx rate. Petroleum subsidy. Therefore it's easier to make money through buying and selling than production. Now petroleum subsidy is gone the refineries will work.

Lazy me. Lazy Nigerians. Past leaders couldn't make hard decisions. Sell crude oil. Subsidise import and that's all. Nobody thought about tomorrow. Now the tomorrow we didn't plan for has cut up with us.

The president is a hard man. He's focused on expansion of revenue Viz blue economy, gas, solid mineral, tax reforms etc. The pains must come because we lived a riotous past.

grandstar:


There was no other option but to end the subsidy.

Last year, debt servicing was higher than government revenues. This year, it was estimated that debt servicing would consume 96% of government revenue. Where then is the $10b for petrol subsidy will come from? The massive increase in the debt burden over the years was government borrowing money to provide the subsidy.

Lol. Do you even realise that Nigeria is an oil producing nation, not buying oil?
Do you realise that the same person and his cabinet who removed subsidy are on full time subsidy, everything?
Do you realise that despite 96% debt servicing crap and bullshit, your lawmakers are still paying themselves for going on recess?
What exactly is the function and usefulness of Nigeria government to her people?

maasoap:


We might be heading towards recession. They removed kerosine and diesel subsidies and got away with it but effect of petrol subsidy removal is proving to be a hard nut to crack.
Tinubu wanted to save money and he's having 48 ministers and still maintaining about 10 presidential airplane fleets.
The worst part of it is that some dullards still insist that fuel subsidy removal was long overdue. Everybody go collect sapa last last

I am telling bro I just wonder how the economy will pull out from this .. people are not even going to work everyday again because they can't afford and their offices can't afford to increase their Salaries

Nice2023:



When u hear this phrase " save for the rainy days" now u and I can see that,it is now making sense.

See,one greatest mistake anyone shouldn't do is underestimating the power of little income.

When I was in the banking sector,as a fresher from the University,I can tell for free that I was just earning 48k before it grew to what it was then.

Na follow,follow dey make people blind for Nigeria. Read books on finance and take a hard decision for your life and live for the betterment of tomorrow.

If you what to make it from ur little income,save consistently and start investing in risky investments as a young man and see thing change for the better.

Finally,keep little or no friends.

Goodluck to u.

Consistent savings and investment nice advice

samcolee:


Consistent savings and investment nice advice

Thanks.

funnyDM:


You are wise!!

I learned this the hard way!!

After 5 years of working, no big savings.

What did I do? I learned a secret! What most people would ignore...

If youre a fresh graduate or you just landed a job newly. DON'T START buying luxury.

Hmmm... Let me just keep quiet. People don't value free ideas sha.

Please, can you tell me the ideas?
I am a university graduate, i graduated from one of the state university in Southwest and i studied technical education, i graduated 4 years ago and i'm done serving. I am 25 years of age.
Since after my service, that was 3years ago, i have been doing menial jobs like teaching in private schools and earning peanut, working as a security guard in my hotel, doing home lessons with meagre pay, all the monies are not sustainable but it's just about getting something doing pending the time good job comes.
Fortunately 2years ago, i was employed by the into the state civil service to teach in public secondary school in my state but it is on contract which the duration of the contract will last in a month time.
The pay is not encouraging and not regular but we hope it will be reviewed when the appointment is being confirmed.
Since i started the work, i have been staying in a single room in which i can afford but i have been buying some household items like generator, TV, plastic chairs and and table, bed, furnitures and so on. I am planning to move out of the room to a room and Parlour self contain because the stress of living in a single room is much but no money yet.
I just wish to hear your ideas maybe it can be beneficial to me.
Please, you can share it to me on my Gmail account :taofeekokikiola64@gmail.com
Or you can message me on WhatsApp on 08141984297
Thanks

JaskanFactor:


Survival is more likely for those who treat the situation of hardship in European run Nigeria as something being done deliberately .

Cause if you think the hardship is due to economics you may spend money like one who thinks it will improve as economy gets better.

But if you realize Nigeria is being run buy European Nazis who hate Africans like fire, then you will spend money like one does in time of war, and then more likely to be ahead of the hardship.

Exactly we got a have a long way to Go imagine if they engage Niger Republic with lil or no resources

Skyview01:
No matter how nice the office is, that job is not your for keep and you are just an employee who can be dispersed with anytime.

Always keep that at the back of your mind whenever you get a new job and plan accordingly.

Save as much as possible and create a side business or an income generating hobby.

Always learn to create and mind your own business even while working for others. Plan ahead people and make yourself sack-proof!

More reason to treat people well while you held power in that office

Nice2023:



I can't tell u what I do.

But I have done well for myself I am very proud of myself any day,anytime.

Just like I said earlier,people should learn to live far below their means and invest for tomorrow.

Sir please help. I want to download course online. Please help me with Data let me download the course . Thanks

LUAN:
Sir please help. I want to download course online. Please help me with Data let me download the course . Thanks

I have cheap data plans.
Like 1gb which is 1k is just N400, etc
Inbox me on WhatsApp or visit my website topupvtu.com.ng

Evolutionlove:


Lol Nothing will Happen, You can Bet it with me.

They will just throw them some Rice, Beans and Garri, Perhaps they may be lucky to get some Groundnuts. Afterall everywhere will be Calm and Normalcy will return

Any other Entities who wants to be adamant and wants to disrupt the Alooting Aloota will be Gunned Down and Mauled by their Field Dogs.

I'm too tired to type because I have given up on Nigerian Negroes.

angelfrost is right, and so are you bro.

The coming days are ominous, but unfortunately like you said these hungry men ain't gonna face govt or their leaders, na still dem fellow Nigerian wey dey manage himself dem go face. Robberies and kidnapping have been on the rise over the last month again, but the bastards won't Rob or kidnap their councillor or chairman (if governor no dey attainable). Na still innocent Nigerians dem go raise hell for.

Nigerian negroes are something!

Dadatao1998:

Please, can you tell me the ideas?
I am a university graduate, i graduated from one of the state university in Southwest and i studied technical education, i graduated 4 years ago and i'm done serving. I am 25 years of age.
Since after my service, that was 3years ago, i have been doing menial jobs like teaching in private schools and earning peanut, working as a security guard in my hotel, doing home lessons with meagre pay, all the monies are not sustainable but it's just about getting something doing pending the time good job comes.
Fortunately 2years ago, i was employed by the into the state civil service to teach in public secondary school in my state but it is on contract which the duration of the contract will last in a month time.
The pay is not encouraging and not regular but we hope it will be reviewed when the appointment is being confirmed.
Since i started the work, i have been staying in a single room in which i can afford but i have been buying some household items like generator, TV, plastic chairs and and table, bed, furnitures and so on. I am planning to move out of the room to a room and Parlour self contain because the stress of living in a single room is much but no money yet.
I just wish to hear your ideas maybe it can be beneficial to me.
Please, you can share it to me on my Gmail account :taofeekokikiola64@gmail.com
Or you can message me on WhatsApp on 08141984297
Thanks

.... DELETED!!

maasoap:


That's exactly my fear too. Violently protests, chaos, unrest is looming if the price of petrol is allowed to continue to soar citing market forces as the determinant

I can bet it with you ain't no protest gonna happen bro. Crime will certainly increase in epic proportion. If you can register a shakabula, pls do. I myself am in the process of getting one. These hungry men ain't gonna face their leaders for respite, na we we dem go face...

Treadway:
I can bet it with you ain't no protest gonna happen bro. Crime will certainly increase in epic proportion. If you can register a shakabula, pls do. I myself am in the process of getting one.

^^^

xandy84:
You live in alternate reality but hope you wake up and start living in real life one day. If you side income generate 3 million as you claimed, you need to quit you full time job and make your side hustle full time job but you and I know your side hustle is imaginary just like your full time job.

Making story up to make you feel better is like getting high to avoid your problems. when the effect of the drug wane, your problems still waiting for you.

I make my money in $$$ so we are not competing.

You got the Drill.

The young man is just making it up to feel better but Naija hunger at the moment will make even the most nonchalant sit straight. I pray he wakes up from the illusion and face reality

Evolutionlove:


You got the Drill.

maasoap:

Lol. Do you even realise that Nigeria is an oil producing nation, not buying oil?
Do you realise that the same person and his cabinet who removed subsidy are on full time subsidy, everything?
Do you realise that despite 96% debt servicing crap and bullshit, your lawmakers are still paying themselves for going on recess?
What exactly is the function and usefulness of Nigeria government to her people?

So what if Nigeria is an oil rich nation, does that mean it must subsidize refined oil products? Cameroon next door does not. Brazil does not. But most importantly, the money to subsidize it, 2.2% of GDP is simply no longer available. At least half of the country's national debt was incurred because of this fuel subsidy. It's ridiculous

Are you saying Tinubu and co are enjoying subsidy? I doubt they enjoy subsidy. What they enjoy may be more than a subsidy which is free petrol for transport. Even the American president does not pay for his movement. They are all perks of office.

Yes, it's unfair they are paying themselves money for recess. The matter arising is "how much is involved?"

Let me be super generous and say 10bn the senators award themselves but that is peanuts to the $10b (7.5tr) that the fuel subsidy will consume. It's the difference between being hit by a toddler on a skateboard and a high-speed train. There's no contest.

One function of the government is certainly not to load more debt on the heads of its citizens and see life depreciate in other ways.

Or do you want to return to Buharis days? He gave you fuel subsidy but the nation's debt quadrupled under his watch. The Naira lost three quarters of its value. The economy has been stuck in a comatose state for 8years now!

There are better ways to help the citizenry without destroying the economy or the government purse.

TOPCRUISE:

Did you lose your job. And are you ready to sacrifice your job to accomplish the aim of government.
Because they want to remove subsidy should a family man be made a scapegoat.

Oga, no matter how sentimental you are, 1 + 1= 2 no matter however you like it.

It's not just a matter of losing one's job. Many are even resigning from their jobs. My cousin who is a teacher in a school in Ikeja said 4 teachers have already put in their resignation letters. They quit.

But there's no choice. We're the government to continue with the subsidy, the government would have no choice but to.print money which is very inflationary and would lead to a sharp fall in the Nairas value. That was what Buhari was doing.

There will be a lot of changes in the economy as it adapts to the removal of the petrol subsidy.

funnyDM:


I will give you a simple advice. If you take it seriously, you will build wealth quickly. If you play with it, you have yourself to blame.

I will delete this post after 2 hours because it is a great secret, given to me by a good friend.

This friend of mine is an Igbo business man, a graduate too. Shout out to all Igbos! May our heads never run dry with business ideas! Iseeeee!!

Now, what is this advice?

YOU CAN NEVER BUILD WEALTH WORKING FOR SOMEONE!!

That's it!! Have this mentality and you will start growing in wealth.

So, how do you build wealth?.

By creating your own product. Now, you may ask, how do I know what product to create?

Any product based on regulation will always sell and bring money into your pocket.

What are these regulations?
1) Hunger
2) Climate or weather conditions
3) government policies
4) current trends in the society
5) hmmm... let me stop here. No much talk abeg

So, how do you make money with all these?

1) Don't save your naira in a bank. Thats useless to me. Instead;
2) with every penny you earn, create or cheaply buy a product (based on regulation). Keep re-investing in the purchase or creation of this product for atleast 6 MONTHS.

3) Make sure it has become so massive that you practically wants to dispose them for sales.

4) Wait until its regulation has come into full force. Then aggressively market the products.

5) What else should I do? When you make huge sales. DO NOT SPEND WASTEFULLY!! DO NOT DELAY!! QUICK! QUICK!! Re-invest back into the business!!

That's it. That's how most successful igbo business men run their businesses.

3 KEY SECRETS IN BUSINESS:

1) Have more than one source of income.

2) Drastically minimize expenses.

3) Quickly and consistently re-invest into your business.

Finally,

When there is high inflation and financial hardship in the country, what do I do to stay afloat the inflation?

The only TWO WAYS to stay afloat the inflation is:

1) guy I dey talk too much ooh
2) **secret...secret**

Take those advices and watch your life change.

Remember, Those who desire to create wealth do not work for others, they create their own product.

.... To be deleted soonest!!

@bolded,
Quoted to keep the post for others that may want to read it in case you delete it.
Though personally I think it's just a load of bullshit and motivational hot air being blown, rather than practical ideas.
But still, keeping it here in case someone finds it useful.
Though I doubt.

DonX001:


@bolded,
Quoted to keep the post for others that may want to read it in case you delete it.
Though personally I think it's just a load of bullshit and motivational hot air being blown, rather than practical ideas.
But still, keeping it here in case someone finds it useful.
Though I doubt.

DonX001:


@bolded,
Quoted to keep the post for others that may want to read it in case you delete it.
Though personally I think it's just a load of bullshit and motivational hot air being blown, rather than practical ideas.
But still, keeping it here in case someone finds it useful.
Though I doubt.

Its just a load of bullshit. The most practical foolish joke of the century!! Will you now delete it please?

grandstar:


So what if Nigeria is an oil rich nation, does that mean it must subsidize refined oil products? Cameroon next door does not. Brazil does not. But most importantly, the money to subsidize it, 2.2% of GDP is simply no longer available. At least half of the country's national debt was incurred because of this fuel subsidy. It's ridiculous

Are you saying Tinubu and co are enjoying subsidy? I doubt they enjoy subsidy. What they enjoy may be more than a subsidy which is free petrol for transport. Even the American president does not pay for his movement. They are all perks of office.

Yes, it's unfair they are paying themselves money for recess. The matter arising is "how much is involved?"

Let me be super generous and say 10bn the senators award themselves but that is peanuts to the $10b (7.5tr) that the fuel subsidy will consume. It's the difference between being hit by a toddler on a skateboard and a high-speed train. There's no contest.

One function of the government is certainly not to load more debt on the heads of its citizens and see life depreciate in other ways.

Or do you want to return to Buharis days? He gave you fuel subsidy but the nation's debt quadrupled under his watch. The Naira lost three quarters of its value. The economy has been stuck in a comatose state for 8years now!

There are better ways to help the citizenry without destroying the economy or the government purse.

Better stop arguing with Nigerians. They want cheap fuel by hook or by crook. Anyone telling them other wise is a oppressor, a Tinubu supporter, a brainwashed person.

The shege is still going round, and one corn filled head is saying that this govt. Will lift 133m Nigerians out of poverty, we had same promise from buhari and co, and the reverse was the case, in fact, buhari sent millions of Nigerians into abject poverty, making Nigeria the poverty capital of the world. Tinubu said he'll continue fro where buhari stopped, so expect poverty promax on Nigerians.... But, we have hope, our mandate tinubu and his agbado gang stole from us will be restored in full, and Nigerians will finally be free from this slavery foisted on us by politicians and their cronies. Obi is coming

xandy84:
You live in alternate reality but hope you wake up and start living in real life one day. If you side income generate 3 million as you claimed, you need to quit you full time job and make your side hustle full time job but you and I know your side hustle is imaginary just like your full time job.
Making story up to make you feel better is like getting high to avoid your problems. when the effect of the drug wane, your problems still waiting for you. I make my money in $$$ so we are not competing.

thanks for casting the guy,,I was about to say this.. he thinks everyone is dumb like him here...how can he be earning 3 million as side hustle and your main hustle is 150k lol

chai, so painful

https:///EXhnJQawnUZ6PuYlul8qIp Lets those looking for new jobs jpin this workNigeria whatsapp group

They post jobs fresh from their clients every single hour

Come and pay tithe once the job land..2 me

grandstar:


So what if Nigeria is an oil rich nation, does that mean it must subsidize refined oil products? Cameroon next door does not. Brazil does not. But most importantly, the money to subsidize it, 2.2% of GDP is simply no longer available. At least half of the country's national debt was incurred because of this fuel subsidy. It's ridiculous

Are you saying Tinubu and co are enjoying subsidy? I doubt they enjoy subsidy. What they enjoy may be more than a subsidy which is free petrol for transport. Even the American president does not pay for his movement. They are all perks of office.

Yes, it's unfair they are paying themselves money for recess. The matter arising is "how much is involved?"

Let me be super generous and say 10bn the senators award themselves but that is peanuts to the $10b (7.5tr) that the fuel subsidy will consume. It's the difference between being hit by a toddler on a skateboard and a high-speed train. There's no contest.

One function of the government is certainly not to load more debt on the heads of its citizens and see life depreciate in other ways.

Or do you want to return to Buharis days? He gave you fuel subsidy but the nation's debt quadrupled under his watch. The Naira lost three quarters of its value. The economy has been stuck in a comatose state for 8years now!

There are better ways to help the citizenry without destroying the economy or the government purse.

Firstly, it is unfair. Then, you asked how much is involved. That's one funny way to defend the indefensible. Lol

grandstar:


So what if Nigeria is an oil rich nation, does that mean it must subsidize refined oil products? Cameroon next door does not. Brazil does not. But most importantly, the money to subsidize it, 2.2% of GDP is simply no longer available. At least half of the country's national debt was incurred because of this fuel subsidy. It's ridiculous

Are you saying Tinubu and co are enjoying subsidy? I doubt they enjoy subsidy. What they enjoy may be more than a subsidy which is free petrol for transport. Even the American president does not pay for his movement. They are all perks of office.

Yes, it's unfair they are paying themselves money for recess. The matter arising is "how much is involved?"

Let me be super generous and say 10bn the senators award themselves but that is peanuts to the $10b (7.5tr) that the fuel subsidy will consume. It's the difference between being hit by a toddler on a skateboard and a high-speed train. There's no contest.

One function of the government is certainly not to load more debt on the heads of its citizens and see life depreciate in other ways.

Or do you want to return to Buharis days? He gave you fuel subsidy but the nation's debt quadrupled under his watch. The Naira lost three quarters of its value. The economy has been stuck in a comatose state for 8years now!

There are better ways to help the citizenry without destroying the economy or the government purse.

But we enjoyed same subsidy under Jonathan without incurring same level of debts and damage to the economy, or am I missing something?

grandstar:


So what if Nigeria is an oil rich nation, does that mean it must subsidize refined oil products? Cameroon next door does not. Brazil does not. But most importantly, the money to subsidize it, 2.2% of GDP is simply no longer available. At least half of the country's national debt was incurred because of this fuel subsidy. It's ridiculous

Are you saying Tinubu and co are enjoying subsidy? I doubt they enjoy subsidy. What they enjoy may be more than a subsidy which is free petrol for transport. Even the American president does not pay for his movement. They are all perks of office.

Yes, it's unfair they are paying themselves money for recess. The matter arising is "how much is involved?"

Let me be super generous and say 10bn the senators award themselves but that is peanuts to the $10b (7.5tr) that the fuel subsidy will consume. It's the difference between being hit by a toddler on a skateboard and a high-speed train. There's no contest.

One function of the government is certainly not to load more debt on the heads of its citizens and see life depreciate in other ways.

Or do you want to return to Buharis days? He gave you fuel subsidy but the nation's debt quadrupled under his watch. The Naira lost three quarters of its value. The economy has been stuck in a comatose state for 8years now!

There are better ways to help the citizenry without destroying the economy or the government purse.

be lying small small bros.

Corruption secured us debt and not subsidy.

nairalanda1:



Better stop arguing with Nigerians. They want cheap fuel by hook or by crook. Anyone telling them other wise is a oppressor, a Tinubu supporter, a brainwashed person.

other countries are getting it cheap why not a third world country where leaders are known for brazen corruption and more than guaranteed to steal the funds anyway?

For you to quickly accept the narrative of wanting go use the funds for purpose the govt has never excelled in, means you are part of the corrupt clique up there. Same set of people who believe the govt are same people saying govt shouldn't own businesses or run businesses.

The world over, govt own and run businesses and at minimum, hold sizable stake in strategic businesses, but our brazenly corrupt leaders (you inclusive) want govt to hands off all businesses so you guys can own them before exiting power.

maasoap:

Lol. Do you even realise that Nigeria is an oil producing nation, not buying oil?
Do you realise that the same person and his cabinet who removed subsidy are on full time subsidy, everything?
Do you realise that despite 96% debt servicing crap and bullshit, your lawmakers are still paying themselves for going on recess?
What exactly is the function and usefulness of Nigeria government to her people?

Those are lies from IMF. At no time did govt spend all its revenue on debt servicing or have 96% of us revenue on debt servicing. It was simply a projection from the IMF and propagandists ran away with it

Kukutente23:

Those are lies from IMF. At no time did govt spend all its revenue on debt servicing or have 96% of us revenue on debt servicing. It was simply a projection from the IMF and propagandists ran away with it

And they're falling for it. You even begin to wonder the impact of education in some people's life. I just decided to flow with his dumb figure instead of countering him. I figured it would be easier to argue with him doing that.

grandstar:


There was no other option but to end the subsidy.

Last year, debt servicing was higher than government revenues. This year, it was estimated that debt servicing would consume 96% of government revenue. Where then is the $10b for petrol subsidy will come from? The massive increase in the debt burden over the years was government borrowing money to provide the subsidy.