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Transcript Of President Tinubu's Speech On The Current Economic Challenges - Politics (6) - Nairaland

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Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by Dittodat: 8:31pm On Jul 31, 2023
Rayban25:


you wey get IQ you don chop today?

all these products of rainy season miscreants.


I guess poverty has deprived you of the small intelligence you had previously.
Hunger is bad. I have 99 problems but food is not one of them.

Pls get lost
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by VeeVeeMyLuv(m): 8:32pm On Jul 31, 2023
ismhab:


It will reach 1k plus per litter.
thank you
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by Ajehkpako4naija(m): 8:32pm On Jul 31, 2023
ogododo:



https://dailytrust.com/full-speech-tinubus-speech-on-current-economic-challenges/
. audio promises from a mandate thief. Believe him @ your own peril
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by UnfairLife7(m): 8:32pm On Jul 31, 2023
[quote author=Babastrong post=124792072][/quote]you think Yoruba man being the president will better una lives grin

It will not stop owomida and buying on credit at Ebuka shop grin
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by DenreleDave(m): 8:33pm On Jul 31, 2023
TalkingBird:
I know that I spend more on fuel now. I spend 3 times more than i used to with very strict movement plan.

It used to be 5k every week now 15k with restrictions in movement.

I was benefiting from fuel subsidy. I deed and wish to have it back.

But the reality is prophecy must fulfill.
The situation is caused by the one who prophesied about it but by the person who knows he has a short period of time left.

sadly the suffering will continue for the majority.

It truly does not belong to man to direct his steps.


It is harder because of the hypnotism.

It doesn't matter if you enjoy subsidy... It is gone... Gone for good..

Live with it......

You are not even benefiting from subsidy, only a few powerful people are benefiting from it, we the citizens only get a crumb
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by obi58: 8:34pm On Jul 31, 2023
Curse777:


Let me measure your Administrative ability as a human

Let's say you become The President today

1: No Subsidy in 2022/2023 budget

There are some of the many options I would take:
a. Secure a supplementary budget to retain subsidy until year end 2023 even if it means getting a loan.
b. Deep dive into the inefficiencies of the current fuel subsidy system to block all leakages as a point of national emergency. Pardon my french but you get the idea.
c. Immediately institute an external audit of NNPC and ruthlessly address all issues thrown up from the audit. Do the same for NPA and customs and eliminate the ridiculous tariffs that have crippled our revenue generation by giving rise to importers seeking alternatives like shipping through Benin or worse still smuggling.
d.ensure at least 1 refinery comes up before the end of the year and at least 3 comes up before the end of 2024.
e. Implement at least 5 CNG conversion centers

2: inflation is going up.

[b]a. provide tax incentives and loans for massive food importation to ensure massive Increased food supply at lower prices. This will help stabilise food prices.
b. Implement a task force to focus on the food supply chain bottlenecks such as infrastructure deficit in the rural areas, storage deficits, multiple taxation of food transporters which all contribute to inflated food prices. Combine that with agric loans to farmers and inputs like access to tractors and fertilizers for farm cooperatives and ensure judicious use of these supplies to avoid corruption and failure of these policies.
c. Massive food cultivation and incentives to go into all kinds of farming across the country.
d. Significant support for small and medium sized businesses and entrepreneurs by providing soft loans on merit to deserving candidates nationwide to help their businesses grow and stimulate the economy.
e. Conduct a massive overhaul of governance spending and implement austerity measures to cut government spending by at least 40% with those savings directly invested in funding CNG conversion subsidies across the 36 states.

There are so many things that can and should be done. I've not spoken on education, health or security. Let's just start with these for the economy
[/b]


3: your next budget is after fully setting up all commitee of National Assembly


What will you do?!

Give an insight
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by Nobody: 8:35pm On Jul 31, 2023
Dittodat:



I guess poverty has deprived you of the small intelligence you had previously.
Hunger is bad. I have 99 problems but food is not one of them.

Pls get lost

poverty stricken miscreant dey disguise

Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by isArray: 8:35pm On Jul 31, 2023
frog12:
so those small select group of people no get names??

the sheep shouting wolf anyhow!
Do you get?
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by ElSudani: 8:35pm On Jul 31, 2023
One trillion naira saved in a couple of months!
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by Quenncee: 8:36pm On Jul 31, 2023
Ole presido

Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by remsonik(f): 8:37pm On Jul 31, 2023
Tinubu Ti yà wère.may God heal him,chase away every evil shadow blocking him from seeing what the masses are going through. All evil plans will not work

2 Likes

Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by Kayyy: 8:37pm On Jul 31, 2023
grandstar:
I am not a fan of government soft loans to business. They are usually squandered.

It would have been better if the CBN fought inflation. Tinubu and the CBN do not want the economy to enter a recession and have therefore been dovish about inflation.

Low inflation would be the best present to the suffering masses. Next should be to bring commercial lending rates from banks down to single digits. Rates of 9% and less should be the standard. This will help certain perk up the economy

These are good points, but as Nigerians that we are we need to tell ourselves the truth, low inflation will not happen overnight from where Buhari left, how would be a country that was servicing debts with trillions would automatically have low inflation within months, also consider this government is trying to mop up money being used to defend the naira and pay subsidy and there is intense pressure from labour to double or even triple minimum wage amidst this same inflation , I don't see how the inflation would come down drastically. While I share the idea that banks should be made responsible for these loans by reducing lending percentage, me and you know that the banks itself are another conduit for manipulation, nepotism and corruption as well. Also not minding the fact that these banks are business and would take advantage to make unprecedented profits for itself and it's share holders and might not even capture as much as many SMEs as possible.It's just a situation btw death and the deep blue sea in my opinion.

1 Like

Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by Nobody: 8:37pm On Jul 31, 2023
Vadese1:
Reading Tinubu script is a total waste of time. The man has no knowledge of the position he is holding. A very useless and unproductive President.
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by Tianamen1: 8:38pm On Jul 31, 2023
grandstar:
I am not a fan of government soft loans to business. They are usually squandered.

It would have been better if the CBN fought inflation. Tinubu and the CBN do not want the economy to enter a recession and have therefore been dovish about inflation.

Low inflation would be the best present to the suffering masses. Next should be to bring commercial lending rates from banks down to single digits. Rates of 9% and less should be the standard. This will help certain perk up the economy
From your response, Tinubu's plans are going to be ineffective right?
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by zeyt: 8:39pm On Jul 31, 2023
What are service are we benefiting from any government. There no security of lives and properties, the energy we pay for it , medical bills we pay for it, even drinking water we pay for it, school feels. In my opinion besides roads nothing is provided by the government.
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by Ellegacy(m): 8:39pm On Jul 31, 2023
Saying that fuel subsidy only benefit a few selected rich groups is the most irresponsible fallacy President Tinubu could come up with. I wonder why those selected few groups are not complaining, but it is the many who are not benefiting that are biting on this current hardship he has bestowed upon us!

3 Likes

Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by God2man2again(m): 8:39pm On Jul 31, 2023
Our salary review is coming.....
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by blaise26abj(m): 8:40pm On Jul 31, 2023
happney65:
Subsidy money that could have been better spent on bettering your lot has been funnelled into the pockets of a select few but since I am too cowardly to address these few, the rest of the 200m of you have to suffer.

A correct interpretation of Bubala's tonight's speech.

God will bless you my brother . He is saying there are thieves that are bigger than the nation’s presidential POWERS and institutions that they cannot be brought to book . Instead Nigerians must suffer for the country’s weak leadership . This is sad and disturbing .

Lastly , he is appointing known thieves into critical positions . Since he is an alleged thief himself , it is not surprising . A country with no justice is a Jungle .

2 Likes

Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by arkyn: 8:42pm On Jul 31, 2023
ogododo:



https://dailytrust.com/full-speech-tinubus-speech-on-current-economic-challenges/
No plans to revamp our refineries...how is the price of petrol going to come down
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by asanausana91: 8:42pm On Jul 31, 2023
I laughed when I see between July 2023 to March 2024.
My question is which July again, the July that ends today?
Secondly this drug addict thought he is still campaigning. Whatever nonsense they wrote for him to read, I can bet that the drug lord will not achieved even 5% of those things he read.

2 Likes

Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by Brushstrokes20: 8:42pm On Jul 31, 2023
# usual bullocks😕 undecided
All motion, NO MOVEMENT
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by REALretep(m): 8:43pm On Jul 31, 2023
ogododo:



https://dailytrust.com/full-speech-tinubus-speech-on-current-economic-challenges/
Talk is cheap
If you are indeed serious about revamping the economy, what are the likes of Wike, ElRufai and co doing in your cabinet?
It's still these same people you want to use to drive your economic agenda.
Even the lowliest matter which is the meeting with NLC, your appointees didn't take the matter serious as reported by labour.
Dey play...
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by VeeVeeMyLuv(m): 8:43pm On Jul 31, 2023
God2man2again:
Our salary review is coming.....
when? Next year? He is buying time, shifting goal post
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by commoditiesnig: 8:43pm On Jul 31, 2023
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by UnfairLife7(m): 8:44pm On Jul 31, 2023
Dittodat:



15. To strengthen the manufacturing sector, increase its capacity to expand and create good paying jobs, we are going to spend N75 billion between July 2023 and March 2024. Our objective is to fund 75 enterprises with great potential to kick-start a sustainable economic growth, accelerate structural transformation and improve productivity. Each of the 75 manufacturing enterprises will be able to access N1 Billion credit at 9% per annum with maximum of 60 months repayment for long term loans and 12 months for working capital.


16. Our administration recognises the importance of micro, small and medium-sized enterprises and the informal sector as drivers of growth. We are going to energise this very important sector with N125 billion.

17. Out of the sum, we will spend N50 billion on Conditional Grant to 1 million nano businesses [/b]between now and March 2024. Our target is to give N50,000 each to 1,300 nano business owners in each of the 774 local governments across the country.


18. Ultimately, this programme will further drive financial inclusion by onboarding beneficiaries into the formal banking system. In like manner, we will fund [b]100,000 MSMEs and start-ups with N75 billion
. Under this scheme, each enterprise promoter will be able to get between N500,000 to N1million at 9% interest per annum and a repayment period of 36 months.


Those are 4 to 5 different business opportunities. Start using your brain and stop wailing all over the place.
Some will take advantage of it, and people like you will come back to claim that the govt made them prosperous many years from now. But when the opportunities were made available today, you are so blinded by the cacophony of politics that you failed to see them.
Some are already thinking about how to get some of this money for real and viable businesses.


Dey there dey wail and cry. Shiiiooorrrrr

Lazy bums like you are expecting him to say that he will give everyone 1 Million naira each abi? The money wey country no get.
Olodo
Mr Emilokan you still never tell us the opportunity you yourself want to take advantage of o grin grin angry grin grin

You dey give us copy and paste grin

Block head like him master
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by Curse777: 8:45pm On Jul 31, 2023
obi58:
..


https://apc.com.ng/img/apc_renewed_hope.pdf


All you stated are contained in the manifesto
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by Lekan239(m): 8:46pm On Jul 31, 2023
Ozommadu:


Stop defending rubbish, speech without action is tantamount to rubbish...just two months in office and Nigerians are seeing hell while tinubu and his cronies share billions to themselves.

People are already protesting in oyo and osun state but you're here disgracing yourself
I know deep down u are praying for tinubu to fail Nigerians for another 8years so u will continue wailing. Enemies of progress

All enemies of Nigeria waiting for the downfall of Nigeria will die by fire and Nigeria will prevail
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by Dittodat: 8:46pm On Jul 31, 2023
UnfairLife7:
Mr Emilokan you still never tell us the opportunity you yourself want to take advantage of o grin grin angry grin grin

You dey give us copy and paste grin

Block head like him master

Dumbest retard, worry about which one you will take advantage of, and stop wailing like a lunatic all over the place.
There's no free money anywhere, not even here in the good old USA. You got to work for your money with your brain or physical ability.
Ain't nothing FREE bro.
BYE
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by ivandragon: 8:48pm On Jul 31, 2023
Hmm...

This is why nigeria cannot progress.

You claim persons stole trillions, corrupted the system & caused hardship for millions... yet, you are allowing them go scot-free.

What stops another group of exploiters from hijacking another government scheme & making trillions when they know nothing will happen to them...

Any society not built on justice & punishment cannot progress.
Re: Transcript Of President Tinubu's Speech On The Current Economic Challenges by oloriooko(m): 8:48pm On Jul 31, 2023
Trillions have been saved since removing subsidy - how much are we talking about
our refineries are dead what are your plans to revive them
a pound goes for 1200ngr now, i can't see how your monitoring plan will bring this under 1k
even if obi is president he would be facing same ordeal cuz BAT selfishly fought against subsidy removal 11yrs ago when our economy could have the stamina to withstand the rough terrain and would have stabilised a bit by now
our politicians are the ones killing this country unpatriotic selfish bunch of empty headed goats angry

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