Abiodun

[Abiodun @abbeygooner]

@CrypticWole @DavidHundeyin I think you should read the concept of economics called absolute and comparative advantage. That will enable you to understand abit more about these things

[Abiodun @abbeygooner]

@CrypticWole @DavidHundeyin Do you think Nigeria can develop the trains cheaper, faster and more efficient than the Chinese?

[Abiodun @abbeygooner]

@oadelanke2023 @originalproflle N50k may look small to you but to someone struggling to eat or survive the month, it means a lot. That is why I don’t buy this “fighting for the common man” talk when people dismiss what the common man actually values. Many are fighting for their own politics and not the poor.

[Abiodun @abbeygooner]

@dubie0630 @maur_ag @Big_marvis The exchange rate alone is meaningless. What matters is purchasing power, what people can afford with their wages and income.

[Abiodun @abbeygooner]

@Okcenuno @YhungProf0 You expect fees to study a whole year degree to be 35k in 2026 but you want lecturers and all the workers to get paid very well, you want the university to give you high quality equipment and materials for that. No be juju be that?

[Abiodun @abbeygooner]

@Okcenuno @YhungProf0 I think you are delusional and not well informed. Which of the options would you choose. NELFUND or you struggling to pay 250k plus a year school fees in a country where you complain daily that minimum wage is N70k/month

[Abiodun @abbeygooner]

@AfrooMedia @immortalstats All the countries above iferia pay subsidies to keep prices artificially low

[Abiodun @abbeygooner]

@Itsadiee1 Awesome 👌

[Abiodun @abbeygooner]

@kcemenikex @FinPlanKaluAja1 Exactly and that’s why many businesses rushed to invest in Anambra after his eight years in office.

[Abiodun @abbeygooner]

@kindwest @firstladyship Ghana, which produces more gold than any other African country, has benefited enormously from soaring gold prices this year. This surge has driven a spectacular 44% increase in the value of Ghana’s currency, the cedi, making it the world’s best-performing currency by Tuesday.

[Abiodun @abbeygooner]

@FinPlanKaluAja1 The International Labour Organization (ILO) defines a person as employed if they have worked at least 1 hour for pay or profit during the reference week.

[Abiodun @abbeygooner]

@Jhohel1 @fimiletoks While deflation may seem beneficial due to lower prices, its long-term effects can be damaging, particularly if it leads to reduced spending, higher debt burdens, and economic stagnation.

[Abiodun @abbeygooner]

@TheGsmart Instead of focusing on lowering costs and subsidies, we should prioritize innovation and income growth. Nigeria is more affordable than most African countries, including Ghana, which pays more for essentials like food, data, and petrol. The key is to earn more, not just pay less.

[Abiodun @abbeygooner]

@EngrKibiya @taiwoyedele @officialABAT Nigeria faced similar issues when we subsidized PMS. Any objective person can see that Tinubu's decision to remove subsidies was bold and necessary.

Regarding Ghana and Turkey, all they did was remove zeros from their exchange rates. The actual value of their currencies remained

[Abiodun @abbeygooner]

@EngrKibiya @taiwoyedele @officialABAT How is N200 per litre for PMS fair when crude oil costs over N700 per litre? That doesn’t add up.

Libya, where PMS is N50 per litre, is planning to end subsidies, which cost them $2.6 billion last year and $5 billion annually in smuggling losses.

[Abiodun @abbeygooner]

@phitch5 @Obijah20001 @_Ozymandias10 @abdullahayofel You are the dumb one here. Don’t you know that a weak exchange rate makes your goods cheaper for foreigners? The more you produce and export, the more foreign exchange you earn

[Abiodun @abbeygooner]

@Zinovole1 @xagreat Many Nigerians are too lazy to read. Illiteracy rate is very high

[Abiodun @abbeygooner]

@QUEENOFDBLUES1 @OurFavOnlineDoc You need to understand first why it's been phased out. Do your basic research and you will know

[Abiodun @abbeygooner]

@imabiggi2010 @woye1 No one is forced to convert. If you think CNG will offer you a cheaper and better alternative to PMS, you convert

[Abiodun @abbeygooner]

@EdomwandeSamuel @alkanchiplus @PastorMarvy It's a stupid question. Firstly, subsidies are specific and not for everyone like it is in Nigeria. Secondly, these countries that subsidies generate income from tax and use some of the income for subsidies. They are not borrowing money to pay subsidies.