official aybaba

What if political parties do a match up according to political weight: Bola Tinubu vs Atiku Abubakar Kashim Shettima vs Rabiu Kwankwaso Femi Gbajabiamila vs Tambuwal Desmond Eliott vs Peter Obi Etc. Like for like in a tournament.

BREAKING: Renowned Kannywood comedian Musa Mai Sana'a beaten to pulp in Kano for supporting Tinubu.

Kwankwaso’s got more political pedigree and a much better and verifiable record as governor than Peter Obi. I understand Obidients being excited. Kwankwaso, atop a ticket with Obi as VP candidate, will help to give the pairing the sort of political gravitas Obi atop wouldn’t. Atiku and Amaechi remain major factors too.

We truly deserve the type of leaders we have in this country.

Your assumptions are too basic and the numbers don't add up. This is economics and decisions have consequences. Your suggestions would destroy the economy in 2 weeks. Let's look at them with numbers. 1. Customs to reduce fx rate to N100 for 90 days. If this is done, the Naira will crash to 5,000 due to the fact that imported goods would be 90% cheaper within the window period and all importers would rush to the buy what they need leading to a surge in demand for fx. Our 3 months import wage bill is around $10bn. You will unleash importers on NAFEM and CBN. Even me, I will look for dollars to import 5 cars. The demand for fx will surge to heavens and the Naira will crash in 1 week. CBN in other to protect the Naira will have to empty our reserves weekly. Apart from this, estimate the revenue loss from customs. Multiply N1,280 which is the difference and you will realise the impact on FAAC. 2. Dropping VAT to 2.5% for 90 days. 90% of VAT currently goes to States and LG and VAT makes up 45 - 55% of revenues monthly depending on oil receipts. For non -oil producing states, it could be higher. You will directly cut the revenue to states and LG by at least 50%. Civil servants won't earn salaries for 3 months. The states will become broke. You will create a crisis at the State and LG and the FG will have to print money to bail them out. You are triggering inflation. 3. Cutting CIT to 10%. Nigeria makes approx N3trn from CIT quarterly, looking at the Q3 and Q4 figures. If you wipe our this revenue with your cut, what do you think will happen to the budget deficit? In all, your suggestions will leave a N7trn hole in the Federation's purse within 90 days. CBN will have to go back to ways and means. Injecting N7trn from CBN through ways and means within 90 days will lead to inflation. The purchasing power of the people will be completely eroded and the Naira will become weaker. Your suggestion on custom rate would devastate the economy and fx market in 2 weeks. This is Sri Lanka 4.0. Talk like they say is cheap. Have a good a week.