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How Tinubu's Administration Plans To Reduce The Purchasing Power Of Nigerians - Politics - Nairaland

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How Tinubu's Administration Plans To Reduce The Purchasing Power Of Nigerians by agostinochigi: 12:57pm On Apr 06
When you put on your thinking cap and examine the inflation situation of Nigerians you will come to the inevitable conclusion that Tinubu's administration is intentionally using rising prices as a tool intensify the war on the middle class in Nigeria i.e to wipe out the middleclass, to wipe out the mom and pop store. Many people will become poor, you are either an elite or a pauper.

The plan is to make things so expensive that it becomes out of reach to the average Nigerian, People now have to spend more than is required to acquire goods and services so that by the time things stabilize(Yes, things will get better so be saving money now so that when the economy stabilizes you will be able to afford goods and services), the average Nigerian will become so poor that he will not be able to afford the goods and services despite price being reduced.

If you are in doubt please consider some of the intentional move that this administration has carried out that directly impoverished Nigerians;
1. Removal of fuel subsidy- Even before taking office, the man announced the removal of fuel subsidy, fuel is the liveline of the Nigerian economy the price of goods depends on the price of fuel, the higher the price of fuel, the higher the price of goods. Tinubu increased the price of fuel on the first day in office, intentionally reducing the purchasing power of the people.
2. Floating of the currency- We like to blame the BDC and crypto platforms for the fall of the naira when in reality, the government of Tinubu engineered the fall of the naira by letting it float, allowing its supply to be determined by demand and supply. There is large demand for USD within Nigeria and limited supply.
3. Removal of Subsidy on Electricity for certain segment of the population.
Re: How Tinubu's Administration Plans To Reduce The Purchasing Power Of Nigerians by helinues: 1:00pm On Apr 06
This gist must be from palm wine parlor.

At least make una dey think things through before rushing to post it online

Is it FG that increase the price of good and services or business owners?

If the excuse is about dollar going up hence price goes up, how about when the dollar is coming down yet the price are not dropping, should government also be responsible for that?

1 Like

Re: How Tinubu's Administration Plans To Reduce The Purchasing Power Of Nigerians by agostinochigi: 1:02pm On Apr 06
helinues:
This gist must be from palm wine parlor.

At least make una dey think things through before rushing to post it online

Na yansh opening

why?
Re: How Tinubu's Administration Plans To Reduce The Purchasing Power Of Nigerians by helinues: 1:03pm On Apr 06
agostinochigi:


why?

Read above
Re: How Tinubu's Administration Plans To Reduce The Purchasing Power Of Nigerians by agostinochigi: 1:03pm On Apr 06
helinues:
This gist must be from palm wine parlor.

At least make una dey think things through before rushing to post it online

Is it FG that increase the price of good and services or business owners?

If the excuse is about dollar going up hence price goes up, how about when the dollar is coming down yet the price are not dropping, should government also be responsible for that?

added transportation cost as a result of fuel subsidy removal.

1 Like

Re: How Tinubu's Administration Plans To Reduce The Purchasing Power Of Nigerians by MrProlific95: 1:03pm On Apr 06
helinues:
This gist must be from palm wine parlor.

At least make una dey think things through before rushing to post it online

Is it FG that increase he price of food and services or business owners?

If the excuse is about dollar going up hence price goes up, how about when the dollar is coming down yet the price are not dropping, should government also be responsible for that?
Come to think of it, Tinubu is not even aware of your existence

1 Like

Re: How Tinubu's Administration Plans To Reduce The Purchasing Power Of Nigerians by helinues: 1:04pm On Apr 06
MrProlific95:
And to think that Tinubu is not even aware of your existence

I don't need his awareness. After all, GEJ and Buhari also didn't know about my existence but that didn't stop me from supporting their government.
Re: How Tinubu's Administration Plans To Reduce The Purchasing Power Of Nigerians by helinues: 1:05pm On Apr 06
agostinochigi:


added transportation cost as a result of fuel subsidy removal.

What are you talking about?
Re: How Tinubu's Administration Plans To Reduce The Purchasing Power Of Nigerians by agostinochigi: 1:06pm On Apr 06
MrProlific95:
Come to think of it, Tinubu is not even aware of your existence

a person who benefits from the suffering of others will always defend the architect and source of the suffering. the user helinues might be a paid agent.
Re: How Tinubu's Administration Plans To Reduce The Purchasing Power Of Nigerians by helinues: 1:07pm On Apr 06
agostinochigi:


a person who benefits from the suffering of others will always defend the architect and source of the suffering. the user helinues might be a paid agent.

Did I send any of you to be labouring in vain? Huh

Do you guys want me to be like you wey dey do things with no purpose.

Abeg make una stop this jealousy about our TMC work jare, abi you want am?

grin
Re: How Tinubu's Administration Plans To Reduce The Purchasing Power Of Nigerians by agostinochigi: 1:08pm On Apr 06
helinues:


What are you talking about?

the price of goods increased when subsidy on petrol was removed. as fuel became more expensive, transport cost become more expensive too. do you get it now or still in denial?
Re: How Tinubu's Administration Plans To Reduce The Purchasing Power Of Nigerians by agostinochigi: 1:09pm On Apr 06
helinues:


Did I send any of you to be labouring in vain? Huh

Do you guys want me to be like you wey dey do things with no purpose.

Abeg make una stop this jealousy about our TMC work jare, abi you want am?

grin

i thought as much.
Re: How Tinubu's Administration Plans To Reduce The Purchasing Power Of Nigerians by helinues: 1:09pm On Apr 06
agostinochigi:


the price of goods increased when subsidy on petrol was removed. as fuel became more expensive, transport cost become more expensive too. do you get it now or still in denial?

And the price of fuel hasn't been reduced after the FG stop paying subsidy on fuel?

Is it government who refused to lower the price down?

Oya, come up with another excuse, I dey wait you
Re: How Tinubu's Administration Plans To Reduce The Purchasing Power Of Nigerians by SalamRushdie: 1:12pm On Apr 06
Exactly it's a war againstbour purchasing power
Re: How Tinubu's Administration Plans To Reduce The Purchasing Power Of Nigerians by agostinochigi: 1:15pm On Apr 06
helinues:


And the price of fuel hasn't been reduced after the FG stop paying subsidy on fuel?

Is it government who refused to lower the price down?

Oya, come up with another excuse, I dey wait you

price of fuel increased 3 fold from #200 to #680 and has not reduced.
let tinubu administration reintroduce fuel subsidy as it was under buhari, that way things will become less expensive.

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