The increase in VAT is set to become the blazing inferno that will consume the very essence of our people.

President Bola Tinubu, alongside his coterie of advisers, has resolved to raise the VAT rate from 7.5% to 10%, even as the NNPCL has announced a soaring PMS price increase at the pump. This move unveils a new era of regressive and punitive policies, and its impact is destined to deepen the domestic cost-of-living crisis and exacerbate Nigeria’s already fragile economic growth.

President Tinubu and his entourage seem to be resorting to their familiar tactic: heaping burdens upon the impoverished while steadfastly ignoring their extravagant excesses! Tinubu’s actions reflect a profound insensitivity to the plight of the less fortunate as he indulges in the opulent renovation of villas and the acquisition of new jets and vehicles for himself and his family.

One need not be an economist to grasp the ominous implications of President Tinubu’s ill-conceived policies for Nigeria’s future. The relentless rise in taxes and interest rates has proven excessively onerous, debilitating businesses of all sizes and leading to job losses while intensifying the suffering of the poor. The manufacturing sector, in particular, has endured relentless strife since Tinubu’s ascendancy, with its contribution to the GDP diminishing by over 20% since December 2023, as reported by the NBS.

In early August, Tinubu turned his attention to agriculture. As is customary with this administration, a new policy was clandestinely formulated and announced, permitting duty-free importation of agricultural commodities such as wheat, maize, and paddy, despite vehement opposition from farmer groups nationwide. This policy poses a grave threat to Nigeria’s food security ambitions, as local farmers, facing unfair competition from low-cost producers in Asia, Europe, and America, are compelled to reduce or entirely abandon their production efforts. It jeopardizes job creation, wealth generation, and the sector’s long-term prosperity, casting a shadow over Nigeria’s sustainability and development.

President Tinubu and his advisers would be wise to redirect their efforts towards crafting sustainable solutions to the systemic shocks afflicting the economy rather than compounding the crisis with measures destined to ignite further turmoil. -AA

Bobloco:

In early August, Tinubu turned his attention to agriculture. As is customary with this administration, a new policy was clandestinely formulated and announced, permitting duty-free importation of agricultural commodities such as wheat, maize, and paddy, despite vehement opposition from farmer groups nationwide. This policy poses a grave threat to Nigeria’s food security ambitions, as local farmers, facing unfair competition from low-cost producers in Asia, Europe, and America, are compelled to reduce or entirely abandon their production efforts. It jeopardizes job creation, wealth generation, and the sector’s long-term prosperity, casting a shadow over Nigeria’s sustainability and development.

Salewa97:
The writer of this piece is yet to recover from the shock of the last election loss.

A bittersweet life

helinues:
Toh

helinues:
Toh

AgoodSamaritan:
Hi, have you toh?

omowolewa:
And who will fight for the masses

AgoodSamaritan:
Hi, have you toh?

helinues:


You already made the senseless years of trolling as if you don't have any meaningful life going on outside NL cos wondering why normal and sane human being would be creating daily monikers just to troll those who don't share same political ideology with him.

Anyways, it's your life, waste it away as how you like

AgoodSamaritan:
Pls don't insult me ok. I'm just new here. As you can see my moniker, I'm a good Samaritan that is the habit of helping the jobless and downtrodden in our society. Don't see me as an enemy. Open up to me okay. What do you want in life?

AgoodSamaritan:
Are you seeing me as another person? Pls I'm new here and this is the only moniker I have on nairaland. If you don't need help you say so and stop insulting me.

We go talk everything finish but the response go just be incoherent to the discussion.

helinues:


Ask yourself sincerely, how many monikers have you created this year alone if you can be creating on average of 5 monikers daily just to troll .

Okay fine, let's assume I am the bad guy hence trolling but hoe about the forum statistics you are manipulating with the senseless monikers.

Again, are you cursed with the years of trolling? Your people on this forum do as if what you are doing is normal but they dint know you are disgracing not only yourself but your tribe and anything you associate with.

We go talk everything finish but the response go just be incoherent to the discussion.

Get a meaningful life thata devoid of wasting the current one you have away

MadPolitician:
Maybe the attitude of these people in power reflects some sort of throwbacks to the indigenous cultures from where they come from. It is becoming obvious that those who have been ruled for ages by autocratic and brutal emirs and obas, seem to see governance as a place where an emperor dictates and the people follows, without necessarily worrying about the different layers of pangs of poverty tinibulating the masses. They can't do without being brutal too, since thats all they know about.

That is the only conceivable reason left to explain what is going on. Most prehistoric Obas and Emirs in some areas that formed present day Nigeria, were brutal despots who were projected as not just rulers, but as diviners too. Semi gods. They were the executive, the judiciary and the legislature in one body. The made laws and their brood of serfs bowed to say yes. Some even rolled in the mud to greet them. They had little regards for the poor tucked away in forgotte remote villages.

That is where this problem started. Because it is now obvious that the products of these societies lack empathy when they eventually find themselves government. They see themselves as some sort of "national Obas and Sultans", and because they are used to people from their ethnic groups finding it it hard to criticise them as was the case during the precolonial era, these leaders also expect the rest of us, including those that never had "almighty" obas and emirs, to also swallow their bullshit, line, hook and sinker.

Believe me, it's cultural..

Standing5:
Only you. You quickly hop into another account to type Toh as usual.

LibertyRep:
What's this #50 charge on deposit of more than #10 000 at this precarious time?
This is insensitivity at its peak.

Atiku is right, this time.

MadPolitician:
Maybe the attitude of these people in power reflects some sort of throwbacks to the indigenous cultures from where they come from. It is becoming obvious that those who have been ruled for ages by autocratic and brutal emirs and obas, seem to see governance as a place where an emperor dictates and the people follows, without necessarily worrying about the different layers of pangs of poverty tinibulating the masses. They can't do without being brutal too, since thats all they know about.

That is the only conceivable reason left to explain what is going on. Most prehistoric Obas and Emirs in some areas that formed present day Nigeria, were brutal despots who were projected as not just rulers, but as diviners too. Semi gods. They were the executive, the judiciary and the legislature in one body. The made laws and their brood of serfs bowed to say yes. Some even rolled in the mud to greet them. They had little regards for the poor tucked away in forgotte remote villages.

That is where this problem started. Because it is now obvious that the products of these societies lack empathy when they eventually find themselves government. They see themselves as some sort of "national Obas and Sultans", and because they are used to people from their ethnic groups finding it it hard to criticise them as was the case during the precolonial era, these leaders also expect the rest of us, including those that never had "almighty" obas and emirs, to also swallow their bullshit, line, hook and sinker.

Believe me, it's cultural..

helinues:


Please what percentage is N50 charges on N10k deposit?

LibertyRep:


You don't understand, it's not about the percentage even if it is 0.0001%. Its about timing!

Not now when fuel scarcity is biting harder.

Any sensitive government will feel the purse of the masses before adding to their pains.

helinues:


If you don't want government to be borrowing money ridiculously, please suggest other means of getting money

LibertyRep:


What has been the benefits of the ridiculous loans they took in the past on the masses?

Why even borrow unreasonably only to fritter it away on frivolities.

I support massive cut to the cost of governance to free fund instead of going cap in hand to borrow money for basic things.

I really do not think we need to tax the masses more to be able to have fund for the big boys play with.

Not even this period. Feel the purse of the masses first.

If you don't want government to be borrowing money ridiculously, please suggest other means of getting money

9japride:
[color=#006600][/color]

That's why every region should manage themselves.
To avoid a situation politicians from certain regions will carry their archaic way of life into national politics.
You will be hearing statement like give the leaders some time to perform.
And when the vocal who just want a better life for everyone complain, they label them as wailers.
It's just unfortunate that people who have archaic reasoning are in large numbers who usually elect funny characters always.
Next election, observe them. They will still vote in funny characters.

helinues:




I don't like back and forth arguments.

The Kenya opposition was made the new Minister of Finance as they initially rejected any increase of tax. Now that Kenya have limited borrowing, he has returned bsck to the tack increase which already took effects.

Meaning the Gen Z weeks of protest was just so useless