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Nairaland Forum / Nairaland / General / Business / Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre (13109 Views)
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Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by xreal: 4:17am On Oct 10, 2011 |
o.k , no probs. It will only usher in a bloody REVOLUTION in Nigeria. We had long needed that. Sometimes I wonder what kind of 'Umblera F00l' Nigerian President is. Mumu. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Relax101(m): 4:21am On Oct 10, 2011 |
Am Alone: Ur papa for house. Whats there not to do? You want development=remove subsidy. I wholesomely stand by the decision if at all there's gonna be any. 2012 is gonna be for the brave-hearted Nigerian, if you are not, we go ship you go Lesotho. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Wadosky(m): 7:00am On Oct 10, 2011 |
I support the revolution,hope we won't settle for anything higher than 65 per liter |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by elhafeez(m): 7:05am On Oct 10, 2011 |
d poor in 9ja is dead. 70 percent ov nigerials only enjoy fuel subsidy 4rm govt. The price ov power is also going 2 increase by 100 percent too by 2012.the worse thing is they wil stil embezzle this money . PDP I HAIL O |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by lonamy: 7:11am On Oct 10, 2011 |
4 Play: Thank you joor. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Kolababa: 7:12am On Oct 10, 2011 |
IBB and OBJ called each other fools . Both former rulers ruled Nigeria conveniently for over eighteen years. If these so called fools had ruled Nigerians conveniently and succeesfully for this long, then the people they ruled must be BIG FOOLS because big fools can only be ruled by fools. Funny enough, Nigerians then confirmed this foolishness by voting PDP back to power after about 12 years of misrule accompanied by poverty, corruption, and undevelopment. Now another mumu from North is warming up for 2015 under PDP. I know foolish Nigerians will still vote for him and PDP after this satanic subsidy removal. WE ARE THE PROBLEM OF OURSELVES. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Judexman(m): 7:14am On Oct 10, 2011 |
nt nice4 nigerians, kill dem all, hw i wish i have my way2 aso rock |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by edicolove: 7:15am On Oct 10, 2011 |
@alj_harem, @lanre_front Why is a simple English explanation so difficult for you to understand? Should I use Yoruba or Ibo? I never said the government has put those thing in place. I simply said those things will need to be in place before subsidy can be removed. That means, I wasnt really on the government side. I was just stating facts. I also said you need to focus your energies in demanding that government put those things in place (at least to an acceptable level) before they can talk about removing subsidy. Secondly, please stop echoing the silly labour and media ignorance. Subsidy does not benefit the poor. If you think it does, then you are truly being scammed. Subsidy benefits the importers. The problem with Nigeria is that most of us have this "government is a nanny" mentality. I have said time and time again, we do no need government handouts. We do not need government paying our bills. That is why I detest owanbe governors who always come out promising free this and free that. We dont need freebies. We need the right infrastructure in place so we can generate wealth. We are hard working and intelligent people. We need good roads, access to loans, regular power, security, etc not government handouts and stipends. Stop thinking in stipends. Stop this "government is a nanny" mentality. SUBSIDY DOES NOT BENEFIT THE MASSES. IT ONLY BENEFITS THE IMPORTERS. What the so called masses think they gain in subsidy, they loose in hospitals, loans, roads, etc. I know some will quickly jump and say "but they will embezzle the money if government stop spending it on subsidy". That is a wrong argument. So somebody should be allowed to enrich himself just because we are afraid the government might embezzle it? Terrible stand to take, I think. Instead, we should now fight for accountability. For example, you can start a movement that will keep tabs on the money gained from the removal of subsidy and how it is spent and track it. This is how the people demand good governance. Well I guess nobody wants to do that because it is more convenient to critisize and talk crap. Stop critisizing and start acting. You have not done anything for Nigeria and you are accusing a politician. Why have you not stood up and taking a stand to help your country. Critics are the worst kind of people there are. Go back to your village and start there and make a difference. Posting crap in NL all day is a cowardly response to life's challenges. Act and make a difference. Talk is cheap. Forums are even cheaper! |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Kobojunkie: 7:17am On Oct 10, 2011 |
So according to you, Subsidy does not benefit the poor . . . . interesting . . . so the safety net program (SUBSIDY) and the proposed Electricity subsidy programs on the way will not benefit the poor. Then what are you rapping about?? |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by member479760: 7:20am On Oct 10, 2011 |
life don hard well well now, small time we go fi get money to pay for internet service ooo! |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by edicolove: 7:24am On Oct 10, 2011 |
Kobojunkie: I didnt put water in my mouth when I said it. SUBSIDY DOES NOT BENEFIT THE POOR. Tell me how it benefits the poor. You take money that should be used to provide infrastructure for the poor and use it to pay an oil importer to bring in oil. Tell me how that benefits the poor. The money the poor thinks he saves from fuel purchase, he spends on things he shouldnt have spent it on in the first place. Please apply rational thinking and stop echoing the ignorant labour and media bile. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Kobojunkie: 7:26am On Oct 10, 2011 |
For those who are not aware,[b] a safety net program is a SUBSIDY PROGRAM, in this case, designed to, you guessed it, SUBSIDIZE cost of petroleum to the masses. [/b]Essentially, this government is choosing to continue subsidizing petroleum, a program it claims is plagued with corruption, only labeled differently this time. Think on these things. If the importers, as many continue to claim, gain the most from the current petroleum subsidy program, what changes are in place with the NEWLY LABELED subsidy program we are to get come 2012? In essence, what really changes here? Also, it appears the same government that argues that subsidizing petroleum does not make sense due to corruption, it has allowed to persist at astounding levels for years, now suggests it will also subsidize electricity for the poor. So, it seems the administration does not buy into this "SUBSIDIES ARE EVIL" mindset/argument some have put forth in defense of the removal/re-branding of the current petroleum subsidy program? |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by edicolove: 7:33am On Oct 10, 2011 |
The same argument applies to electricity tariffs. Why do we always put the wrong things forward? We dont need low electricity tariffs. we need standard electricity tariffs, constant electricity and pay as you go billing. Thats exactly what we need. Those currently on pay as you go billing spend less than those on PHCN estimated billing crap. With pay as you go, you use only what you need and shut of your power when you dont need it. I beg all of you to put down the sentiments and just think right. AS LONG AS WE CONTINUE TO PREACH THE LABOUR MENTALITY OF GOVERNMENT TAKING CARE OF US, WE WILL BE PUTTING OURSELVES IN THE WRONG BOAT AND GIVING THE GOVERNMENT THE ADVANTAGE. Demand development and infrastructure, not handouts! |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by sleek29(m): 8:00am On Oct 10, 2011 |
The should reduce the national assembly's immoral allowances too, the new V.P's house currently being constructed costs 7 billion, if the really want to save more, the should stop the evil misappropriation of funds, these people have got no shame whatsoever, serious minded governments subsidies things that affect the generality of the people, the british government subsidies its transport sector, we know we don't have a government already and removing fuel subsidy would only help us start that much needed revolution (Jerry Rawlings type), we need to take back our land from these thieves |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by edicolove: 8:12am On Oct 10, 2011 |
all these talk of revolution really make me laugh. There is already a revolution. I dont know which one you are looking for again. The problem in Nigeria is not having a revolution but agreeing what a revolution represents or is. If by revolution, you mean, removing GEJ and putting in Buhari or Tinubu then you must be delusional. If by revolution, you do mean demanding from whoever is there, good governance. then you are on point. The problem is not just who leads us but our ability to demand the right things. But it is difficult to pursue a collective revolution when we are constantly partisan and thinking of our individual interests and calling our actions a revolution |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Appliedmaths(m): 8:15am On Oct 10, 2011 |
GEj didn't get this one right at all.you are removing fuel subsidy and your administration refused to pay the minimum wage.who is then deceiving who?.life would be unbearable and he should expect more social violence,such as theft,kidnapping and terrorism.we all know his weak administration only depend on dialogue and amnesty,so he should be ready for more dialogues and amnesties.truth be told,2012 is going to be full of suprises. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Demdem(m): 8:37am On Oct 10, 2011 |
That subsidy should be removed is a fact that is essential however the timing is what i have issues with. A lot of things (that includes what ediclove highlighted above) needs to be put in place before we even start talking about subsidy. I doubt if the PDP controlled govt headed by the Retardeen has such balls and the sincerity to do this considering the fact that they have been in power for yrs and we all are witnesses to their so called achievements. Until i am convinced about the sincerity of those in power and at least relative assurance that proceeds from the so called non-subsidy fuel will be channeled to infrastructures, likewise improved refining capacity on our soil, i will say a Big No to subsidy for now. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by lanrefront1(m): 9:15am On Oct 10, 2011 |
edicolove: Glaringly, you are the one having problem with English (this your wisdom-confidence na wa o). If your claim was not in support of government, then you sir have one of the worst communication skill in history. Now to address your new issues. We know that Subsidy does not benefit the poor but the corrupt political elites and business men, all mostly linked to PDP. We already said the subsidy itself is a fraud, that it's just a clever ploy to siphon the nation resources. @ Jeinsinmi post went to great lenght to break this down. There are many clever ploys like that. Na today. They purposely refused to fix the refineries for this ploy to persist. We and the NLC know this and there really is little the masses can do about this. What concerns us is the price of fuel and how it affects our lives. So what we will not take is for the same corrup PDP goverment to now use the issue of a very fraudulent and questionable subsidy as an excuse for increasing the price of fuel and causing the masses unimaginable hardship. We are expecting Jonathan to better the lives of masses. The ripple and multiplier effect will be so disastrous, anything the goverment does will be like a drop in the ocean. Like a @alj harem rightly said: removal of subsidy = increase in infrastructure. Especially in a goverment where corruption is like fresh air. Jonathan really is a disgrace. Why can't if see that,there is nothing unique in Nnkoji Iweala measures that is unique: devaluation of the naira, removal of any kind of subsidies etc. These are the same SAP and IMF measures which destroyed our economy during IBB's regime. Buhari fought them off but IBBimplemented them within months of taking power to the delight of the World Bretton Institutions. Madam Finance Minister mindset is totally WORLD BANK and history has proven most of their policies destroyed many African nations. Oh God, why didn't you have pity on Nigeria and allow Buhari become President. Mr. president, stop struggling to find a cure for your patient's ringworm while you ignore his leprosy. Nigeria's problem is not subsidy or power etc, our problem is CORRUPTION, sure and simple. If any President will talke this will talke this holistically, withou fear, favour, selection, every other thing will fall into place. Buhari understood this, even since the '80s and that was what if was coming to do. We get the goverment we deserve. It pains my heart, act it seems Nigerians will still suffer long untill we learn how to support sincere leaders. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by KIDIKENYI: 9:38am On Oct 10, 2011 |
While you at the apex sees removal of subsidy as the only alternative to bring development in this country, you should as well know that you are removing the greater number of the Nigerian population from your plans and that alone sound doom as far as am concern and does not give us confidence in this government. Nemesis has started taking it course on us that is why SUPER EAGLES are removed from Nations Cup because Nigeria only understands REMOVAL and no addition in its plans. OUR REWARD IS IN HEAVEN |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by aljharem3: 9:39am On Oct 10, 2011 |
lanre_front: You just said it all. Nothing more to add @edicolove SMH please read your post again and read what I posted |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by wasolad01: 9:54am On Oct 10, 2011 |
Nigerian leaders are trespassing beyond their boundary! We are running out of patience everyday but they don't know. Revolution might start anytime in this country because of their greed. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by cap28: 9:56am On Oct 10, 2011 |
edicolove: ive never heard anyone talk so much crap in my life - so according to your logic the only available source of revenue for undertaking infrastructure development in nigeria is from the revenue that is currently being used to subsidise the price of petrol for consumers - so what does the nigerian govt do with the tax revenue, crude oil sales revenue, monies from windfall sales of crude oil, where does all that money go? this is the most ridiculous argument i have ever heard in my life, so you actually beleive that a govt that has diverted billions in oil revenue into overseas personal accounts over the years will suddenly develop a conscience and use the subsidy revenue to build infrastructure? this is the daftest argument i have ever heard, honestly and for your information it is the nigerian govts responsiblity to finance certain basic services such as education and healthcare - the reason the govt is not doing this is not only due to the diversion of govt funds into personal bank accounts but also due to their ongoing implementation of IMF structural adjustment policies - monies that are supposed to go into these areas are used to pay extortionate interest rates on loans borrowed from international financial institutions. govts of developed countries PROVIDE services like education and health care to their citizens, they also subsidise other areas such as agriculture in order to keep the prices of food low so that your statement about nigerians being over reliant on the govt does not make sense - IT IS THE DUTY OF A GOVT TO PROVIDE FOR ITS CITIZENS NOT FOR THE CITIZENS TO BE LEFT TO FEND FOR THEMSELVES!!! |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by apoti(m): 10:11am On Oct 10, 2011 |
Thank God my keke no dey use fuel |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by kokogee: 12:36pm On Oct 10, 2011 |
The air is getting fresher by the day Goodluck Naija; U requested for it; Enjoy it!!! |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by lanrefront1(m): 1:01pm On Oct 10, 2011 |
@ cap28, Thanks jare for your post. Some people think knowing how to speak and write grammar equates to making sense. We have a President whose mind can easily swayed, whose eyes can be easily covered with wool. A strong willed, focused President who is determined to better the lot of the people would have rejected this alternative from his advisers and ministers and demand of them to go and put on their thinking-cap and come up with another alternative. Like cap28 said, is the goverment that is the only way to give the country the much needed infrastructural development. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by sweet9ja: 1:13pm On Oct 10, 2011 |
The subsidy on fuel has outlived it usefullness. Yes, it should be faced out and whatever money saved from the execise should be directed toward improving our healthcare delivery and education. There is no fuel subsidy in Ghana but, have that nation seized to exist? Ghana is infact doing beter, economically, than naija. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Nobody: 1:39pm On Oct 10, 2011 |
Our country was taken other by crooks and thieves after they poisoned Abacha who was the last patriotic leader we had. Review Nigeria's history and you would realise where things began to go wrong https://www.nairaland.com/nigeria/topic-693700.0.html Abacha increased fuel prices slightly and used the proceeds to fund the PTF, Obasanjo abolished PTF and increased fuel 5 fold and used the proceeds to loot. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by COMPAQ(m): 2:22pm On Oct 10, 2011 |
Gosh, we've had these subsidy arguements on NL a million times. In the LONG TERM and speaking from an ECONOMIC (not socialist) point of view subsidies should be removed. I know it will make things difficult in the SHORT TERM, but that will just have to be the collective pain we'll all have to bear for mismanaging this country. While the leaders have the most responsibility for mismanagement, we the followers are not much better. As they say, people get the types of leaders that they deserve. There is no petrol or electricity subsidy in Ghana, but they are all still alive aren't they?? And in my opinion they are not necessarily worse off as a country than we are. Besides if kerosene and diesel are already deregulated then we shopuld have nothing to fear, cos the so called masses who insist on kerosene at N150 per litre (when gas at N3500 per cylinder is probably cheaper) are buying it at whatever price and they are not dying. Likewise most of the heavy haulage of food, cement etc already factors in deregulated diesel, so why should foodstuffs and cement etc rise astronomically? Afterall, tankers and trailers use diesel and not petrol. I think we might just all be overstating the impact of removal of subsidy on petrol on our economy, when kerosene and diesel are already deregulated. No doubt it will make things more difficult in the SHORT TERM, but in the LONG TERM Nigeria will be much better for it. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by tony451: 3:29pm On Oct 10, 2011 |
cap28: Thank you for stating what the edicolove refuses to see |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by tolu001: 4:23pm On Oct 10, 2011 |
@jensinmi I agree with Lanre and will repost my reply to a previous thread. I won't keep re-typing responses to this subsidy issue. Thank God for your post, it shows there are still some reasonable folks in this country.A lot of Nigerian's reasoning faculty has been blinded by either corruption or poverty. Most of them abound here on nairaland especially those that have been giving absurd excuses about removal of fuel subsidy translating into improved infrastructure as if this is the first time we'll be hearing such from our thieving leaders. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by chines4(m): 5:21pm On Oct 10, 2011 |
This issue of subsidy have only one solution, the Government should deregulate the downstream oil sector. Let the forces of demand and supply determines the price. and let the sector have free entrance and free exit. We will experience initial high price, but this will gradually come down and they economy will be better for it. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Nobody: 5:34pm On Oct 10, 2011 |
We need to wake up and understand that our country has been hijacked by criminals who continue to wreck havoc on our nation. Why are we still allowing the two evil criminal fools , Obasanjo and Babangida to still be at liberty? We need to wake up from our coma before they bury us https://www.nairaland.com/nigeria/topic-693700.0.html |
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