ednut1:
we are borrowing money from IMF. So why will they leave you alone Its just like seeing someone you borrow money going to use it for betting or carrying women. U no go challenge am?

BigDawsNet:


I think it's a propaganda shtt...

Our real population should be around 120m...


Qata may introduce taxes someday if they grow in population

JuanDeDios:

That is actually a very shallow and partisan analysis.

JuanDeDios:

I share your views. But if you were asked to take a guess, who would you say he wanted in his heart from the start? It certainly wasn't Ahmed Lastminute Lawan.

Bluntemperor:


Good,but if goods and services are to come down, Production Sector / Industrial Sector should be the Focus and be at Maximum!
Let's do the analysis of the sectors that readily comes to mind:
1- Agric --low much are they Producing because we don't hear both Ministers ( Minister of State included).
This is a vast Sector that should be able to feed ALL Nigerians,if well harmonised,but none of those leaders heading the Sector is talking or are doing anything for us to lay our hands on! We only know when they spend the Annual Budgets,as usual.
2.Industries - honestly,Mrs Uzoka-has been up and down on these Industries but she is handicapped because of No -Light,as almost all industries are on Generators in Nigeria!
3.Power/ Light Sector:
•Untill we Nigerians get it into our Facility that - without Govt Fixing this All Important Sector,we can't move forward, neither can Nigeria Employe her 30% Youths - who are restless because of the Age Grades and because there is no job!
- what is the States Governors doing in providing lights?
- Where is the Power Minister-in all this? I really pity this Minister-because since independence/ Decades ago,No Improvement in this Sector- because of Corruption!
YET THIS POWER SECTOR DRIVES ALL- OTHER SECTORS OF THE ECONOMY and we are failing in Generating and Distributing Power - let us ask DISCOS - why there is no Constant Lights?
• Ghana And Republic of Benin have all Stopped -using Generators to run their businesses.How is Nigeria going to do it and move fast about it?
4.Production that is Export Driven;
- the more we Export our goods and Services,the greater the FOREX!
Even now these Products in Nigeria are few and expensive because we have had all been used to Subsidies - of the Crude Oil!

delpee:
Why is this such a big headache for IMF? The FG has a right to subsidise fuel imports through NNPCL to avoid hyperinflation and more suffering for the already overburdened people. There's no evidence yet that we have a subsidy scam in place.
The Western world has a lot of subsidies for their own people. Why query ours always?
We really need to manage our resources better so we can avoid taking death trap loans.

grandstar:


You people never learn and refuse to comprehend!

You talk of humane? Is it humane to borrow trillions of Naira to pay for petrol subsidies? It is bankrupting the nation! You refuse to grasp that because you think it's inhumane to remove the subsidy.

What many of you fail to realize is that the petrol subsidy is improverishing everyone. Government having to borrow to provide the subsidy leads to Naira depreciation, which is turn is highly inflationary, and high inflation hurts the poor the most.

Had Tinubu left the price at 195 to a litre, I won't be surprised if the exchange rate hit 2,500 or worse to the dollar

Tinubu, should have deregulated the price of petrol just has it was done to diesel and kerosene. The price increase would likely be one-off and benevolent as it would spur investment in the downstream sector of the economy and reduce waste.

There are better ways to help the common man. Slash import duty on agricultural produce such as rice, wheat. and poultry to 20%. This will bring down the price of food. Presently, the import duty on wheat is 70%. Imagined if it was 20%? Bread would be much cheaper. The government may also generate as much as $1bn as import duty.

CharleyBright:


Buhari is clueless and thinks only of himself. I wouldn't want to waste my time to read to read his clueless mind to decipher who he wanted initially.
Yemi Osibanjo was the best candidate for the APC ticket. He was the best president Nigeria should have had. He was acceptable when he was acting president and would have united the country if he was president.
Buhari should have supported his candidacy and bid to get the APC ticket, but I think Buhari still selfishly wanted power to remain in the North.
If Yemi Osibanjo had won the APC ticket, Peter Obi would not have become an alternative that Nigerians turned to. Osibanjo would have defeated Atiku in an election.
Peter Obi became a choice because many Nigerians didn't fancy Atiku and Tinubu, so they chose Peter Obi as alternative to the two.
At party level, Tinubu won Osibanjo in the primaries because that was delegate voting where Tinubu threw dollars at corrupt delegates. In a real general election, Osibanjo will defeat Tinubu hands down.

For me, Buhari caused many mess Nigeria is in today.

nairalanda1:


I have told you the truth, but like most people on this sites,you don't want to see it.

You want to just call me agbado.

Enjoy your fresh debt. It's only 17 trillion naira

LLSAINT:
You quote has made my day

Chicagograduate:
Īf Nigeria has her own refineries all this issue about subsidy removal on petrol will not arise.
We sell crude oil to foreign refineries abroad at OPEC price in dollar and buy the refined products back with high foreign exchange at a costly price back with all forms of taxes.This is why fuel is costly.Imf cannot give good advice.

Tapout:
Oya they should bring down the prize of fuel abeg. They can't be paying subsidy and fuel pump prize is over 600 naira.