be it jonafang or bullhari....we need a revolution
one thing PMB must admit is making himself look like a savior during campaigns!

I do not just understand why CBN refused to redenominate d naira wen d timing was right

drsmith1:
GEJ"s opposed decision of fuel subsidy was an irrational one..this one is a timely decision to save the present fuel situation

pls what do you mean by irrational in dis context? kindly explain.

Essential commodity times Loading ..............

Coolgent:
Change!
Sai Baba till 2023

tah,comot for here, sai baba koh yes bobo ni

MeAboki:


You are still ignoring the basic realities between the two circumstances before Jonathan and Buhari and therefore my point:

Jonathan had surplus money to support the subsidy and therefore had no justification for removing it; while Buhari doesn't have that kind of money to maintain it and is therefore justified in removing it.

Ironically youare the one obviously ignoring the facts
The crux of the matter is that subsidy is not good for our economy, total deregulation of the downstream sector is the wisest thing to do irrespective of financial buoyancy or otherwise.
People should stop defending obvious wrong selfush action of occupying Nigeria, it was politically motivated. So you think if oil price is above $100 today PMB will not remove subsidy?

willywasco:



https://m.facebook.com/story.php?story_fbid=473905869466814&substory_index=0&id=448436902013711&refid=17&_ft_=top_level_post_id.473905869466814%3Atl_objid.473905869466814%3Athid.448436902013711%3A306061129499414%3A69%3A0%3A1464764399%3A-4871739331966776313&__tn__=%2As

What else do you expect, when you sold the lives of over one hundred million Nigerian graduates in the hands of a man without even ordinary secondary school certificate..am watching in 4D.

haibe:
good thing it's pegged at 145

Guess you missed the part where it says dollars would be sourced through secondary source. In case you don't know this means black market. So what happens if dollar continues to rise? You think these marketers will accept to run at a loss or not make maximum profit? Government insistence on that price will only result in hoarding of fuel which will bring scarcity and then masses suffer again. But guess we are used to already after all it's God sent Buhari. Your prayer point should be that dollar does not rise higher than this.

drsmith1:
GEJ"s opposed decision of fuel subsidy was an irrational one..this one is a timely decision to save the present fuel situation

sharrrappp!!!

eph12:

From what you understand not what you read.

How logical do you think it is for the prices to remain the same? Government will not render any assistance in sourcing for dollars and so when the marketers spend more to import they should maintain same price? Think am na. They are not there to make loss. If government insists on this benchmark price then we are heading for another fuel scarcity soon. We should just hope dollar doesn't go further than this.

I expect them to update this cap price of 145 as things change. I think this is a temporary "solution" if anything at all.

logica:
I expect them to update this cap price of 145 as things change. I think this is a temporary "solution" if anything at all.

Nah this is not temporary. This is government saying am done with paying subsidy. No sensible government will bring it back.
What a sensible government is supposed to do is to make things that will cushion the effect of this.

eph12:

Nah this is not temporary. This is government saying am done with paying subsidy. No sensible government will bring it back.
What a sensible government is supposed to do is to make things that will cushion the effect of this.

But you cannot say PMS price has been deregulated and at the same time put a cap (of 145). That is the obvious temporal nature of the "solution".

For me they put the cart before the horse. We don't have enough NNPC stations yet to effectively control the price.

logica:
But you cannot say PMS price has been deregulated and at the same time put a cap (of 145). That is the obvious temporal nature of the "solution".

For me they put the cart before the horse. We don't have enough NNPC stations yet to effectively control the price.

That's my problem with this government. Trying to teach people how to run their business. It won't work. There will be a disagreement very soon.

tuniski:


U are being clever by half. U are the type that castigates GEJ not saving while paying trillions in subsidy. Now u are tongue twisting that he had money to spend so no need to remove subsidy. SMH for u!

And you are one of those still blindly supporting GEJ's wasteful mis-governance; he had surplus but didn't save and at the same time wanted to remove subsidy to the detriment of the masses, so that he and his cronies could continue the unprecedented rape of this country (remember his public endorsement of looting of govt funds - stealing is not corruption) - part of the the consequences we are now paying for.
My mind boggles at how some youths of today could still be celebrating a govt or group of politicians responsible for stealing and mortgaging their future - SMH at such blind sentimental mentality.

Tolexander:
Na how many times this administration wan remove subsidy?

if u ask me na who I go ask?

Almajiri1:
This government is finished!

Yeah! It is true. PDP finished it.

Almajiri1:
This government is finished!

Yeah! It is true. PDP finished it.

tuke:

REALLY? SO WHERE DOES LEADERSHIP FORESIGHT COME TO PLAY "OR" FOLLOWSHIP BLINDNESS/SENTIMENTAL WICKERNESS"

Then you want a prophet for a leader not a president because it would require someone with supernatural foresight to have predicted the huge crash in crude price (main source of govt revenue including forex to sustain such subsidy) that we have just witnessed in the last 12 months.

rexzqcom:


Surplus money are not met to be thrown away.

Did Jonathan saved any of such surplus? Go ask (Okonji Iweala) the former finance minister I am sure she will have ready answers for you.

oloriooko:

Ironically youare the one obviously ignoring the facts
The crux of the matter is that subsidy is not good for our economy, total deregulation of the downstream sector is the wisest thing to do irrespective of financial buoyancy or otherwise.
People should stop defending obvious wrong selfush action of occupying Nigeria, it was politically motivated. So you think if oil price is above $100 today PMB will not remove subsidy?

Most govts subsidize one thing or the other in order to provide social relief to the poor or drive policies in a particular direction.
The real issue is whether the govt of the day could afford it or not: the answer is yes as at 2012 during GEJ's leadership when crude sold at over $150; and No presently because the country can no longer afford it due to vastly reduced income from crude at about $40 - do the maths, the difference is clear.

adeniyisamuel59:
You will be remembered in due time when the change you expect does not come.

Hehe see this guy... remembered for what?

Don't forget that no matter which side of the debate you are on, what we both want is a better Nigeria.

MeAboki:


Most govts subsidize one thing or the other in order to provide social relief to the poor or drive policies in a particular direction.
The real issue is whether the govt of the day could afford it or not: the answer is yes as at 2012 during GEJ's leadership when crude sold at over $150; and No presently because the country can no longer afford it due to vastly reduced income from crude at about $40 - do the maths, the difference is clear.

True...other governments have been daft too long
it would have been better if there was subsidy to aid local refining of our needs rather than subsiding d price.It has only been an avenue to steal!

bejeiodus:
The statement was well worded. It was a euphemic way of announcing the removal of fuel subsidy. It is so disheartening that we would have long gone past this if today's proponents of subsidy removal had not opposed the policy four years ago. I hope Nigerians can see clearly how they were fed lies to stir up their anger against Jonathan.
It is the way to go, but Nigerians need to ask those who came up with the policy why they resisted the removal four years ago.
The APC must apologize to Nigerians, particularly families of those who lost their lives during the subsidy protests. It is the only way of showing contrition for misleading millions of people.

You don't just speak for fun sake, the 2012 situation is not quintessential with what we have today.
Subsidy is not for people who dont understand it.

MeAboki:


Most govts subsidize one thing or the other in order to provide social relief to the poor or drive policies in a particular direction.
The real issue is whether the govt of the day could afford it or not: the answer is yes as at 2012 during GEJ's leadership when crude sold at over $150; and No presently because the country can no longer afford it due to vastly reduced income from crude at about $40 - do the maths, the difference is clear.

So cuz we could afford it in 2012 we should have contunued paying for what we could eliminate?
The best time to remove subsidy would have been when it was affordable for our economy cuz by now we would have stabilized and cushioning would have been easier.

Almajiri1:
This government is finished!

no. we "nigerians" are finished.

oloriooko:

So cuz we could afford it in 2012 we should have contunued paying for what we could eliminate?
The best time to remove subsidy would have been when it was affordable for our economy cuz by now we would have stabilized and cushioning would have been easier.

Yes.

kaka74:


It simply means u re a hypocrite driven by hatred

It's so simple yet you don't get it. And something tells me you can't get it. I'll just leave you to wallow in your hatred.

MeAboki:

Did Jonathan saved any of such surplus? Go ask (Okonji Iweala) the former finance minister I am sure she will have ready answers for you.

Lots of decaying infrastructures were restured. And new ones were developed.
Jonathan's subsidy removal would have created a better balance in economy of scale. Because then naira had no pegged official rates. All importers would have play on level playing field. But now with naira pegged, nnpc and others with political connections will be able to import using official rates. While others will use higher parallel market rates and higher selling prices.
Eventually, others importers will rather buy from nnpc and sell at markups than import anything. Resulting in scarcity and much higher prices than set official price.
To make it equivalent to what would have obtained in Jonathan's era, is to deregulate naira and let market decide same rates for all importers and everybody else.

JuanDeDios:

It's so simple yet you don't get it. And something tells me you can't get it. I'll just leave you to wallow in your hatred.

Am not d 1 hating nd I can't hate i neva supported d removal in 2012 nd I won't support it now I sabi how much I de use power my engines to work it is u who is simply driven by ur hatred for a man simply cos he z a minority many of u re hypocrites

rexzqcom:


Lots of decaying infrastructures were restured. And new ones were developed.
Jonathan's subsidy removal would have created a better balance in economy of scale. Because then naira had no pegged official rates. All importers would have play on level playing field. But now with naira pegged, nnpc and others with political connections will be able to import using official rates. While others will use higher parallel market rates and higher selling prices.
Eventually, others importers will rather buy from nnpc and sell at markups than import anything. Resulting in scarcity and much higher prices than set official price.
To make it equivalent to what would have obtained in Jonathan's era, is to deregulate naira and let market decide same rates for all importers and everybody else.

We must have been living in different planets, Jonathan restored and developed what infrastructure, you mean how he scammed us on the few he attempted, ranging from NEPA, railways and airports - guy, just don't even go there. He and his cronies simply squandered our surplus windfall - Okonji Iweala former financial minister confirmed this.

Subsidy removal is part of the process towards complete deregulation, which the govt has already almost actualized by opening up the downstream sector to anybody (including you yourself, should you be interested).

The only outstanding difference is that NNPC is still enjoying preferential treatment in terms of its source of Forex; however it has been ordered to operate at closely the same par with its competitors in its dual role as a major importer and a retailer; though I agree there may be room for some unscrupulous individuals to exploit - but hey, its Buhari's govt, don't forget that EFCC will be there watching and waiting in the wings for such ppl.

kaka74:



Am not d 1 hating nd I can't hate i neva supported d removal in 2012 nd I won't support it now I sabi how much I de use power my engines to work it is u who is simply driven by ur hatred for a man simply cos he z a minority many of u re hypocrites

How do you know where I'm from? You can't think properly. That's your problem, so everything is about your hero, GEJ. So what's wrong with changing one's view on an issue, either due to better understanding or change in circumstances? You have refused to leave an election behind yet you're quick to accuse others of hate.

JuanDeDios:

How do you know where I'm from? You can't think properly. That's your problem, so everything is about your hero, GEJ. So what's wrong with changing one's view on an issue, either due to better understanding or change in circumstances? You have refused to leave an election behind yet you're quick to accuse others of hate.

Jesus see dis guy ooo I finished my nysc 2011 stayed @ home roaming d streets like an idiot no show dat was when I knw naija no send me Gej inclusive so. Started my own hustle nd I use fuel daily I lambasted gej in 2012 I cursed I'm mama self but u all all who re saying dat u now have a better understanding or telling me d circumstances have changed so dat I can be buying fuel 18 litred daily @ 145 so dat u will clap for dis wicked policy I say let God judge u all according to ur hearts pls I don't like it when pple insult my intelligence is it buhari being in power dat triggered ur better understanding or kachikwu dat changed d circustances tell me xactly what changed from d 2012 scenerio?