NAIJA thinking of reneging the US Western Pact and consider Russia.....?

Tinubu should wake up.
There has not being positive impact of fuel subside removed on the Nigeria Economy.
How long are we going to have sleeping leaders in power.

proxillin:
this should'nt have been removed...

It distabilized the economy. It caused inflated prices in the market...

now that they are paying subsidy, price of things still remains high...

Very dumb of APC

If the government had kept fuel price at 195 naira , by now it would be costing the government 800 to 900 naira to subsidze one liter of fuel instead of the 300-400 they are spending now.
That means over half the budget would go on subsidies, which means that things like salaries would not be paid ,contractors would not be paid and projects wouldbe abandoned
Plus we would have to borrow evenmoney, which means our debt service could go back to 90% of our income , if not more.
The resulting debt burden could lead to inflation of the kind that you would cry tears of blood.

So, you will have cheap fuel but no money to buy it.

Think you want that again. Even the current subsidy is creating a debt burden that is eating 70% of our income

Divinelove4ever:
What an irony!

So, subsidy can still sneak after the initial grandstanding.

Government ought to have done a lot of background work before announcing the removal.

Tinibu NO get Sense na.

When he took the Foolish decision, his MUMU supporters were Hailing him that he has Balls than Obasanjo, Goodluck and Buhari.

Danboy43:
Tinubu should wake up.
There has not being positive impact of fuel subside removed on the Nigeria Economy.
How long are we going to have sleeping leaders in power.

If he returned subsidy to 195 , with landing cost at 1100, fuel subsidy would be at 800-900 naira
That means that nearly two thirds of your budget could go for subsidies
That means that at the end of the day, unless government can get a loan from IMF to cover the resulting deficits, there would be no money for projects, and salaries and other subsides for health and education
Which means that the economy could go from worst to hell on Earth.

But no, you want cheap fuel

IMF is controlled by Obedients now😂😂

FG is only paying subsidy partly according to IMF and it is temporary unlike previously.
This is the reason why allocations of states have almost trippled.
This is why FG could give awards and reason why they will be able to pay higher wages (if the states are held accountable by NLC,TUC and NGOs)
Nigeria will get better.

Ofunaofu:
"Subsidy is gone"--Bola A Tinubu. 29th May, 2023

Nigerians And President Tinubu:
Nigerians are patiently waiting for President Tinubu - on what he said on 29th of May 2023, and what has happened since then!
•How much has he saved for Nigeria since the Oil Subsidies were removed?
•What is NNPC Management and those Managers still doing, instead of Sacking them and all the Subsidiaries are still telling Nigerians Story like before?
•Why are those Refineries are still in Limbo
•Is IMF - Information on the Subsidies Wrong- and who is telling lies with the Figures?
•Why has those Refineries not operative- after a year,for all we have been hearing is - Next Week,Next- Months,etc,oh the y will work to Complement that of Dangote( a Private Refinery)! So,if Dangote Refineries failed to Work,then Port-Harcourt and Warry will not work?
•Why are the Delays ,by not paying the Workers and the Retirees their dues,after the Federal Govt quickly removed the Subsidies but you forwarded NBillions Palliatives to governors.
-People - the Masses have no Savings because the Only Pillar of Nigeria Economy was the Oil -Subsidies - but the Support in terms of Low Prices for goods is not yet due to rising Inflation!
•Why was Light Subsidies removed too?
DISCOS - could not give any reasonable reason - in terms of Performance( 24/ 7 to Nigerians)for doing this,with the Support of the Power Minister - what we have now is --More Darkness,No Prepaid Meters,No Transformers, yet Estimated Billings is continue!
When will Nigerians smile to their Banks- to save and do businesses-for
without Constant- Power/ Lights - no one will do anything tangible with generators - which has since been banned in Ghana and Benin- Republic,our neighbouring Countries!
Mr President,you can still reverse this trend before anniversary of your one years in the Office!
God bless Nigeria!

When a thief is your president
.

VinnyBaba:


Tinibu NO get Sense na.

When he took the Foolish decision, his MUMU supporters were Hailing him that he has Balls than Obasanjo, Goodluck and Buhari.

The sad thing was that by may 29 2023, 90% of our income was going to debt service. Tinubu, by removing subsides reduced it to 63% of our income. By bringing back subsidies in October 2023, it went back to 70% and rising.

The truth is, we should have removed subsides in 2012. But most of you refused to listen to GEJ then. You listened to tinubu and buhari
Now the delayed decison has come to haunt us

If Nigeria can generate over 17trillions and subsidy can engulfed over 5trillions there is not bad with it, as long as prices of goods and commodities will terribly come down. Remember the fuel subsidy is the only thing a common man is getting from national treasury.

lwisee:
Who dey subsidize who dey complain.

IMF abeg leave us alone

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?

jmoore:
IMF knows how much foreign refineries sell their petrol.

NNPC should tell us the cost price of imported petrol.

The Nigerian media who are only good in copyiog and pasting are too lazy to contact a foreign refinery, try to import petrol and a proforma invoice will reveal the real cost.

Simple, the media houses don't want to spend in getting facts but only to copy n paste what NNPC said.

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.

oluwaseyi0:


What do you suggest, should they still to selling the petrol at 1,100

I am stating the facts I'm not tinubu who rushed to remove subsidy without plans then reintroduced it back after 2 weeks

Balablue

Running around in circles

It's all back to square one

Between NNPCL and Workd Bank/IMF, which will you believe more?

Certainly not an entity that has failed to account foe all the subsidy records in the past years.

Certainly not the entity that does not even know how much it pays for subsidy.

Certainly not the one that does not know how much litre of pretoleum it imports.

Certainly not the one that can not specify the petroleum requirements to of Nigeria?

..and Certainly not the one on the side of the goverment

ijustdey:


https://leadership.ng/petrol-subsidy-return-nnpcl-imf-disagree-over-n8-43trn-loss/

If Nigerians are paying that high and Dangote and the refineries are about producing, why is there a subsidy?

Let those on the receiving end make clarifications.

It is easy to steal a mandate but almost impossible to govern with it

Eriokanmi:
The Jaujau leader will be humbled by force. For weeks now, he's been quiet over the major cause of the return of queues in petrol stations nationwide but we knew why....they've certainly exhausted their lies . The naira he floated was the greatest mistake any leader would make. The impact would last up to 5 years cos Nigeria hasn't been the same since he committed the blunder. Where are the subsidy palliatives, one year after? We're so gullible in this country. When the time is right, we will fight for our right. Is the PH refineries working now despite the recent noise?

No leader dwells on propaganda ever succeeeds in ruling their people veritably. How can you be lying even when everyone knows the truth.? A few minutes ago, I read here on NL that Mr ojo, the interior minister was going to review the visa policy, I lafff. This is tantamount to a local adage which says, ęfi ętę silę, ę npa lapa lapa...which literally means, you're abandoning leprosy and busy treating eczema. I wonder which is worse a disease out of the two. You are not dealing decisively with insecurity, which is next to corruption and bad economic policy first, which is one of the reasons naira is falling, you're reviewing visa policy. For who exactly? Which investors would come with their dollars to spend in an insecure nation where foreigners are being kidnapped and key security operatives are being killed? Nip this menace in the bud first and see the investors coming on their own, uninvited. They know everything about Nigeria more than the citizens do.

All the African nations with currencies stronger than naira are making it mainly via tourism. What is Botswana producing? What of Seychelles, Zambia, including an ordinary Benin Republic? Any doubting thomas should just cross our border and enter cotonou. You'd think you're in Europe when you see Canadians, Americans, Asians lying on the floor of the Obama beach without a single armed security operatives guiding them. They walk freely even in town

Nigeria my country, who do us like this? Other nations import fuel too, we hear the news on both local and international media, they don't queue like we see in Nigeria for fuel. They dont even have fuel as we do. There's only one cause of all these mess..... bad leadership brought about by sentiments and bigotry. I wonder if an ordinary hausa/fulani benefited from buhari administration. The only detribalised democratic government was that of obasanjo, which was why his administration witnessed such prosperity. No tribe or ethnicity was secluded as he picked the best across board. Everyone prospered

I hope they won't wake up tomorrow and say na those smuggling petrol into cotonou cause fuel scarcity. Awon oniranu, spreading propaganda all around.

Very indepth analysis

The problem and solutions has been list

We all know the solutions to our problems but we refuse to do something about it

Because some big men are benefiting from that problem

Paraman:
I agree with the NNPCL

On what exactly?

Paraman:
I agree with the NNPCL

Does that make you right?

jmoore:
IMF knows how much foreign refineries sell their petrol.

NNPC should tell us the cost price of imported petrol.

The Nigerian media who are only good in copyiog and pasting are too lazy to contact a foreign refinery, try to import petrol and a proforma invoice will reveal the real cost.

d issue is if they sell the normal price, nobody will buy and marketers won't sell... Infact for now they are not making money at all... Most people ain't driving and most fuel stations have closed since the Price increase....

You quote has made my day

Dumte:
It is easy to steal a mandate but almost impossible to govern with it

id4sho:
It's official , IMF controls Nigeria

I was about saying the same thing....
Why is IMF so obsessed with Nigeria?

They are almost taking the places of the ministries of finance and petroleum...

Well, there's a good side to it, being that we get the truth of how things really are, and not the lies and propaganda our government tells us.

But the Cho Cho Cho is still too much...

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?

Lol 😂

This man’s tenure is soo bad that he’s now making Buhari that we were all complaining about before look like a messiah.

Atleast with Buhari, Npower beneficiaries were receiving 30k monthly, dollar was around 500, fuel price was around 180, food prices were abit reasonable. Things were moving normal.

Tinubu removed subsidy and said they were saving, they stopped paying Npower beneficiaries, food prices skyrocketed, dollar again. Lol

Tinubu till 2031

Yankee101:
If Nigerians are laying that high and Dangote and the refineries are about producing, why is there a subsidy?

Dangote made it clear from as far back as 2015 or so....when he produces petrol, he will only sell to Nigerians at FULL PRICE. Right now the OFFICIAL REGULATED AND LEGAL PRICE of petrol in Nigeria is less than the full price. I suspect that's why he's refusing to sell.

This is the same situation with natural gas. The producers of natural gas in Nigeria BURN IT rather than sell at the LEGAL REGULATED PRICE.

No different from electricity. The official regulated price is LESS THAN the full price so the producers simply refuse to produce and supply it.

There's no mystery here please. Maybe Dangote will start selling at the regulated price? Who knows, but one thing is for sure - somebody MUST pay for the fuel.

But come o, is there really any debate who to believe in this matter....IMF or FGN? Come on people, get real

Gasoline RBOB Futures -Real-time May 10 2024
Currency in USD 2.5004 per gallon = ₦940 per liter

Good Luck to Nigeria.

BigDawsNet:
If Government can print money


Then why are we paying taxes?!?

Taxes are paid from actual economic activities. Before you pay tax, you must have carried out an economic activity.
But government just printing money to meet its needs will eventually make too much money to be in circulation, this will lead to crazy devaluation and inflation. Soon you'll need a full Ghana-must-go bag of naira to buy a loaf of bread.

Eriokanmi:
The Jaujau leader will be humbled by force. For weeks now, he's been quiet over the major cause of the return of queues in petrol stations nationwide but we knew why....they've certainly exhausted their lies . The naira he floated was the greatest mistake any leader would make. The impact would last up to 5 years cos Nigeria hasn't been the same since he committed the blunder. Where are the subsidy palliatives, one year after? We're so gullible in this country. When the time is right, we will fight for our right. Is the PH refineries working now despite the recent noise?

No leader dwells on propaganda ever succeeeds in ruling their people veritably. How can you be lying even when everyone knows the truth.? A few minutes ago, I read here on NL that Mr ojo, the interior minister was going to review the visa policy, I lafff. This is tantamount to a local adage which says, ęfi ętę silę, ę npa lapa lapa...which literally means, you're abandoning leprosy and busy treating eczema. I wonder which is worse a disease out of the two. You are not dealing decisively with insecurity, which is next to corruption and bad economic policy first, which is one of the reasons naira is falling, you're reviewing visa policy. For who exactly? Which investors would come with their dollars to spend in an insecure nation where foreigners are being kidnapped and key security operatives are being killed? Nip this menace in the bud first and see the investors coming on their own, uninvited. They know everything about Nigeria more than the citizens do.

All the African nations with currencies stronger than naira are making it mainly via tourism. What is Botswana producing? What of Seychelles, Zambia, including an ordinary Benin Republic? Any doubting thomas should just cross our border and enter cotonou. You'd think you're in Europe when you see Canadians, Americans, Asians lying on the floor of the Obama beach without a single armed security operatives guiding them. They walk freely even in town

Nigeria my country, who do us like this? Other nations import fuel too, we hear the news on both local and international media, they don't queue like we see in Nigeria for fuel. They dont even have fuel as we do. There's only one cause of all these mess..... bad leadership brought about by sentiments and bigotry. I wonder if an ordinary hausa/fulani benefited from buhari administration. The only detribalised democratic government was that of obasanjo, which was why his administration witnessed such prosperity. No tribe or ethnicity was secluded as he picked the best across board. Everyone prospered

I hope they won't wake up tomorrow and say na those smuggling petrol into cotonou cause fuel scarcity. Awon oniranu, spreading propaganda all around.

well spoken Sir when Nigerians are ready they will indeed fight for good governance for now let the misery continue

Mr ewedu president aka BAT