This has always been there.

Simple sense

nairalanda1:


By paying a subsidy to refineries. Not forcing the price of petrol below the cost of production/refining it from crude oil and then paying a subsidy that does not cover the resulting loss

And prices vary stateside .Plus fuel is more expensive compared to nigeria. I know they can afford it but no one is paying the equivalent of 200 naira per liter for fuel in the usa.

You may not spend 5 percent of your monthly income on petrol in America but in Nigeria today, you may spend up to 40 % or all of your money. Also, something cannot be affordable and expensive at the same time .m. Petrol is expensive in Nigeria but very affordable in the US.

one4GOD:
I actually did but out of ignorance, I have asked for forgiveness and mercy

You're forgiven.

one4GOD:
I actually did but out of ignorance, I have asked for forgiveness and mercy

You're forgiven because you're honest.

iwaeda:
APC taking Nigeria back to the Stone Age.

😂😂😂😂😂😂😂😂😂😂😂

iwaeda:



https://dailypost.ng/2024/01/30/subsidy-removal-residents-resort-to-using-ox-drawn-carts-in-katsina/

While better State dey think how to shift over to electric vehicle.
They should stop thinking backwards,

nairalanda1:


If everyone had voted for obi, obi would have been forced to remove subsidy

This is not a comment on obi skills or saying he is like tinubu. It is an appreciation of the fact that around april 2023, NNPC had not been paid subsidy claims in full. And up till now goverment owes them money.

Also debt service by 2022 was eating 90 percent of our revenue.

A president obi woild have had to remove subsidy or take more loans to maintain it. He may have brought in polices that would have earmed us more money, but policies take time before we see results.

Even at that, tinubu is wasting money by codedly paying subsidy

If the present incompetent fellow in Aso Rock had stopped at subsidy and not allowed the naira to float. We would have been able to bear the hardship resulting from subsidy removal. Allowing the naira to float is like keeping a stack of money in open air while the wind is blowing.