Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,957 members, 7,821,361 topics. Date: Wednesday, 08 May 2024 at 11:58 AM

Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders (21108 Views)

After $1bn Drop, Nigeria May Suffer Further Decline In FX Inflows – PWC / Jumia Delivery Man Uses Horse To Deliver Food Amid Fuel Subsidy (Photo) / Unilever Nigeria Plc Reports 72.95% Decline In Pre-tax Profit As Economy Bites (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by Shokoloko(f): 3:39pm On Jul 21, 2023
nairalanda1:



Yeah it is sad, but at the end of the day we have two choices here

Remove subsidy, and suffer hardship for a long time, but long term, get a chance at some investment and more domestic refineries (it does not mean our economy would become like the US and China, but it does make things a bit better).

Or keep subsidy, and the subsidy costs grow, until we are spending loans, revenue and non existent money on subsidy. Then IMF decides to pull the rug....and then if you think we suffer now...


No, it does not mean Tinubu is the greatest thing since sliced bread.
How about reducing subsidy 75%.
Subsidy removal should have been operated humanely

1 Like

Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by Acidosis(m): 3:39pm On Jul 21, 2023
Confirm4real:
Generator noise has drastically reduced in my neighborhood grin


TRUE. But why do people use generators in the first place? Nobody likes the noise. Nigeria happened to us all.

3 Likes

Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by oxygeng: 3:40pm On Jul 21, 2023
But the truth is, regardless of who comes in as the president of Nigeria presently will have a very hard time making head way. Not even Obi. Buhari was allowed to stay too long in that office. He destroyed it completely to the foundation; after failing to appoint ministers and other cabinet members in time, He should have been stoned out of office. The say baba fools all rode on emotions, again when we had a little window of redemption, the brown roofers come chief betrayals ruined everything.
Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by nairalanda1(m): 3:42pm On Jul 21, 2023
Shokoloko:

How about reducing subsidy 75%.
Subsidy removal should have been operated humanely

Been done several times in the past...that's what the periodic increases in price of fuel in the past were for..partial removal of subsidy.

And it does not work...because when the cost of production rises, your subsidy cost rises.

In 2012, Jan, fuel was N97, and landing cost was N99. By 2015 sept, fuel was N87 and landing cost was N132...the difference between the landing cost and the price at the pump being the subsidy...see how it grew in 3 years. And that was done doing partial removals.

Plus people would still complain that the price is too high.
Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by ChronicGp(m): 3:43pm On Jul 21, 2023
Solar is the next big thing.
Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by oyeb15: 3:47pm On Jul 21, 2023
Never again for Yoruba man as president. Obj nearly spoil Nigeria if not for Adams Osiomole and the strong Labor Unions then.

Na useless people full the NLC today
Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by soperel: 3:47pm On Jul 21, 2023
Decline in sales of generator but no constant power supply. You can't even boast of 10 hrs a day
Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by Tonytonex(m): 3:47pm On Jul 21, 2023
FreeStuffsNG:


https://nairametrics.com/2023/07/21/fuel-subsidy-removal-leads-to-sharp-decline-in-generator-sales-across-nigeria-traders/
If everybody is complaining now, who are the people that voted for tinubu?
Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by Confirm4real(m): 3:48pm On Jul 21, 2023
Acidosis:



TRUE. But why do people use generators in the first place? Nobody likes the noise. Nigeria happened to us all.


Whereas Nigeria claimed to be giant of Africa.
Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by jmoore(m): 3:59pm On Jul 21, 2023
nairalanda1:


Because they allow their electricity companies free reign to set their prices, and to make huge profits, which means they can fund large scale electricity generation projects (including the ongoing large nuclear power station being built in the South of England)

Another 'because' of yours that is flawed. The question was why are Nigerians using generators.
Egypt generates 59,000 megawatts. Most of the power investment were done by their government.
Egypt pays electricity subsidy. They don't use generators there.

1 Like

Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by Nobody: 4:00pm On Jul 21, 2023
a4cube:
To them achievement is putting people out of business.

Low patronage at filling stations
Low patronage of passengers
Low patronage of Generator buyers
Low Patronage of Supermarket shoppers
Low Patronage Cinema goers
Low Patronage of cement buyers


The list is endless.

That is what they are celebrating as achievement.
Ronu oooo!
Come follow me enjoy the dividends of democracy!!!!!!

Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by nairalanda1(m): 4:03pm On Jul 21, 2023
jmoore:
Another 'because' of yours that is flawed. The question was why are Nigerians using generators.
Egypt generates 59,000 megawatts. Most of the power investment were done by their government.
Egypt pays electricity subsidy. They don't use generators there.

Egypt no longer pays electricity subsidy...it gradually went over the last ten years

Also, Egypt has a diversified economy, which means more revenue. That's on top of their very strong tourism sector.

Finally, I doubt Egypt allows everyone to connect to the grid, like we did in Nigeria. It's planned, so to speak.

Nigeria is not rich enough. We rely on oil, oil money isn't enough unless we were ten million, and we don't adequately tax our GDP.

1 Like

Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by jmoore(m): 4:12pm On Jul 21, 2023
nairalanda1:


Egypt no longer pays electricity subsidy...it gradually went over the last ten years

Also, Egypt has a diversified economy, which means more revenue. That's on top of their very strong tourism sector.

Finally, I doubt Egypt allows everyone to connect to the grid, like we did in Nigeria. It's planned, so to speak.

Nigeria is not rich enough. We rely on oil, oil money isn't enough unless we were ten million, and we don't adequately tax our GDP.

It is ordinary Nigerians that will diversify it for you? Why not sell Nigeria to countries that can make it work? I am surprised you didn't bring in population to this as you usually do.
Nigeria is rich but your corrupt politicians are looting. Corruption is 95% of Nigeria's under development.

1 Like

Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by nairalanda1(m): 4:17pm On Jul 21, 2023
jmoore:

It is ordinary Nigerians that will diversify it for you? Why not sell Nigeria to countries that can make it work? I am surprised you didn't bring in population to this as you usually do.
Nigeria is rich but your corrupt politicians are looting. Corruption is 95% of Nigeria's under development.

Okay, am out.

Accusing me of supporting corruption is basically wrong.

Thanks. Enjoy your life.
Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by Bizibi(m): 4:25pm On Jul 21, 2023
FreeStuffsNG:
They were living off our woes before until God used Asiwaju Tinubu to cut them to size.

It's interesting to note how just a single policy is wiping off rent seekers. From generator merchants to shylock petrol marketers to those who never pray our public electricity supply will improve, they all lule pii!

This is a lesson to anyone still in rent seeking business, the policy that will force you to innovate or die is just few seconds away.

They expect even our yet unborn generations to live with the obscene annoying sound and environmental pollution of generators abi.smh
Check my signature for free stuffs!
hehehehe....you have not even learnt from rushing to praise your party government. Some of you are amazing......lolzzz.

Some of us are not saying anything yet because the main issues hasn't been addressed and it is still early to criticize the government. Look at the 8 years of your party government wasted and you have started your usual sycophancy again.
Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by Cantonese: 4:43pm On Jul 21, 2023
FreeStuffsNG:
They were living off our woes before until God used Asiwaju Tinubu to cut them to size.

It's interesting to note how just a single policy is wiping off rent seekers. From generator merchants to shylock petrol marketers to those who never pray our public electricity supply will improve, they all lule pii!

This is a lesson to anyone still in rent seeking business, the policy that will force you to innovate or die is just few seconds away.

They expect even our yet unborn generations to live with the obscene annoying sound and environmental pollution of generators abi.smh
Check my signature for free stuffs!

Poor man who expects everyone like him to live permanently in the land of poverty.
Who will tell this yeye fellow that even Aso rock has generators ensuring light 24/7.

1 Like

Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by Offpoint1: 4:44pm On Jul 21, 2023
FreeStuffsNG:
They were living off our woes before until God used Asiwaju Tinubu to cut them to size.

It's interesting to note how just a single policy is wiping off rent seekers. From generator merchants to shylock petrol marketers to those who never pray our public electricity supply will improve, they all lule pii!

This is a lesson to anyone still in rent seeking business, the policy that will force you to innovate or die is just few seconds away.

They expect even our yet unborn generations to live with the obscene annoying sound and environmental pollution of generators abi.smh
Check my signature for free stuffs!
N20 condom would had prevented this comment years ago.
Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by TinubuGoQuench(f): 4:45pm On Jul 21, 2023
FreeStuffsNG:
They were living off our woes before until God used Asiwaju Tinubu to cut them to size.

It's interesting to note how just a single policy is wiping off rent seekers. From generator merchants to shylock petrol marketers to those who never pray our public electricity supply will improve, they all lule pii!

This is a lesson to anyone still in rent seeking business, the policy that will force you to innovate or die is just few seconds away.

They expect even our yet unborn generations to live with the obscene annoying sound and environmental pollution of generators abi.smh
Check my signature for free stuffs!

You are worse than an illiterate.

2 Likes

Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by Ombudsman1: 4:57pm On Jul 21, 2023
FreeStuffsNG:
They were living off our woes before until God used Asiwaju Tinubu to cut them to size.

It's interesting to note how just a single policy is wiping off rent seekers. From generator merchants to shylock petrol marketers to those who never pray our public electricity supply will improve, they all lule pii!

This is a lesson to anyone still in rent seeking business, the policy that will force you to innovate or die is just few seconds away.

They expect even our yet unborn generations to live with the obscene annoying sound and environmental pollution of generators abi.smh
Check my signature for free stuffs!

MY FRIEND, LIKE I TOLD YOU SOME TIME BACK, PUBLIC EXECUTION IS NOT EVEN ENOUGH PUNISHMENT FOR YOU AND YOUR LIKES. THINK ABOUT THAT

1 Like

Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by InyinyaAgbaOku(m): 5:07pm On Jul 21, 2023
nairalanda1:



Yeah it is sad, but at the end of the day we have two choices here

Remove subsidy, and suffer hardship for a long time, but long term, get a chance at some investment and more domestic refineries (it does not mean our economy would become like the US and China, but it does make things a bit better).

Or keep subsidy, and the subsidy costs grow, until we are spending loans, revenue and non existent money on subsidy. Then IMF decides to pull the rug....and then if you think we suffer now...


No, it does not mean Tinubu is the greatest thing since sliced bread.
Are Tinubu and NASS suffering the hardship?
Some of you are so da.ft.

Putting the horse before the cart isn't the way to go about things. You don't have to suffer before enjoying. What stopped the government from increasing local petrol production before removing subsidy? Smh

2 Likes

Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by Ened(m): 5:20pm On Jul 21, 2023
SOSinNigeria:
Senseless news by Tinubu and his bigots. Is there anything that has not witnessed sharp decline in patronage in Nigeria, since Tinubu's maladministration started?

So, why mentioning only generator?

FOOLS EVERYWHERE!!!
Nobody can turn Nigeria around without some form of pain for the pple. Anybody saying otherwise is simply ignorant
Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by John4B: 5:32pm On Jul 21, 2023
Additionally, some areas in Lagos and eastern Nigeria have reported improved power supply over the past two months, contributing to the reduced demand for generators.


.And truly there's improved power supply in southeast. Awka for example, I don't know for other parts in southeast.
Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by EvangelistChuks(m): 5:51pm On Jul 21, 2023
People are paying for the inefficiency,incompetence,insensitivity & corrupt tendencies of the federal government.
Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by nairalanda1(m): 5:51pm On Jul 21, 2023
InyinyaAgbaOku:


Some of you are so da.ft.

K.
Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by bonnyhope: 5:59pm On Jul 21, 2023
mytime24:
Solar all d way

Costly
Re: Fuel Subsidy Removal Causes Sharp Decline In Generator Sales In Nigeria- Traders by Menclothing: 6:53pm On Jul 21, 2023
Acidosis:


Nicee... How much?

9k

(1) (2) (3) (4) (Reply)

The Best Places To Keep Money Apart From Banks? / PLEASE HELP- Flip Cash, I Have Been Scammed 25k / MTN Scraps Early Debt Payment Amid Currency Shortage

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 53
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.