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Peter Obi Speaks On Petrol Subsidy - Politics (8) - Nairaland

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Re: Peter Obi Speaks On Petrol Subsidy by casualobserver: 4:07pm On Jul 06, 2022
Paullo19:

U don't know how to read ND understand..that's your problem

and you that understand please tell us because he neither said yes or no
Re: Peter Obi Speaks On Petrol Subsidy by Paullo19: 4:10pm On Jul 06, 2022
Qtrpst4:
When will tilumbu tell us how he will do his own?



Tinubu will do his by recruiting 50million youths into the military and feeding them with corn,. Cassava and agbado.. ���

1 Like

Re: Peter Obi Speaks On Petrol Subsidy by shortIGBOman: 4:10pm On Jul 06, 2022
ekineme:

It's not funny, you sounded like you are among enemies of this country, people like you are the ones voting religion,tribe and stomach infrastructure over Competency and progress

Who we decide to vote is none of your business. But one thing is for sure, Igbo will never rule this Country.

1 Like

Re: Peter Obi Speaks On Petrol Subsidy by kozmokaz(m): 4:11pm On Jul 06, 2022
Maxpro121:


That's true, so handling the issue of electricity could offset fuel consumtion by 40 to 50%

Peter is visionary
Re: Peter Obi Speaks On Petrol Subsidy by mecusbosco(m): 4:11pm On Jul 06, 2022
Oya let me tell you how. If you remove subsidy and spend $20b to fix power, yes, the. Price of fuel might go up almost matching the diesel price for a few months. When power is fixed, there will be less demand for diesel by companies/ manufacturing firms.
Automatically applying law of demand and supply, less demand for our diesel, low price.

Now back to fuel, with another subsidy money removed, use it to fix our refineries. There won't be need for exportation and importation and refined products and as a result drags down the price of fuel again.

Now you spent 2 monies in the right direction to achieve 4 important things for the citizens.

1. Electricity
2. Refinery working again
3. Cheap fuel
4. Cheap Diesel

Everybody is happy.

Subsidy is a scam


Officialgarri:

No matter how hurting it is for the nation's wealth, fuel subsidy is one of the few ways that the government is directly giving back to the people.

I still don't know how we were cajoled to protest against fuel subsidy in 2012 (perhaps except for the looting)

What do I mean? Take a look at the price of our deregulated diesel flying high at #810, 850 and above and see the harsh effect on food prices and cost of long journeys.

If Peter Obi has an alternative to fuel subsidy that the world doesn't know of, he should hint us. It would be disappointing to ride to victory using lies

1 Like

Re: Peter Obi Speaks On Petrol Subsidy by Paullo19: 4:12pm On Jul 06, 2022
casualobserver:


and you that understand please tell us because he neither said yes or no
He neither said yes or no with reasons..so if u read well and u are able to comprehend, u would understand what he meat by if there's alternative.
Re: Peter Obi Speaks On Petrol Subsidy by fyneguy: 4:13pm On Jul 06, 2022
Brendaniel:


You guys just come out with hatred to discredit someone without listening to what someone is saying, he said he will not remove subsidy without making an alternative for subsidy removal.

Don't destroy an old bridge till a new one is complete for use....

The "alternative to subsidy removal" is not a new idea. It is also not a good one. Alternative to subsidy does not address local production, to halt importation. It only substitutes fuel subsidy with other cheaper subsidies, that intend to cushion the effect of fuel subsidy removal.

That is not the solution to fuel subsidy.

He is a noisemaker.
Re: Peter Obi Speaks On Petrol Subsidy by aribs(m): 4:13pm On Jul 06, 2022
fyneguy:
Lol

This guy sensationalizes everything.

He does not address issues to a logical end.

He just reels out stats to impress listeners without offering a reasonable solution.

Subsidy is a delicate national issue. Until we have local production capacity, its removal will hurt this weak economy.

Dangote refinery should come on board. FG should strike a contract refining deal with him. He can also be paid for refining with crude oil. That will tremendously reduce pressure on forex and freight costs. It will boost Naira value, as over 50% of our forex goes to oil importation.

That is the only way subsidy can be addressed.

Peter Obi is just a noisemaker

Thank you for your objectivity. The man is quite confused in his rationale
Re: Peter Obi Speaks On Petrol Subsidy by Everlastingson: 4:13pm On Jul 06, 2022
casualobserver:
A man who aspires to be president that doesnt have a clear position on subsidy is clearly not ready to govern Nigeria. Subsidy is costing us too much but it is clear it cannot be removed until the local STATE owned refineries are working. You dont require a Ph.d to realise that. All that "we will study" what are you studying that you havent studied since Occupy Nigeria subsidy protest?

if you dont have a clear position on subsidy, security, restructuring, economic growth, state police (on all of which this impostor has none) you are not ready to be president of Nigeria and you should not grant interviews until you do.

I dont know how a man in labour party wants to remove subsidy when it is the same labour movement that will grind the country to a halt. i dont know how you want to execute any economic blue print when we spend the equivalent of 33% of four federal budget on subsidy! 2023 subsidy alone will build lagos ibadan rail 5 times. That is how crucial subsidy is and 7 months to an election you dont have a clear position?

This man is a joker!!!!


How old are you? Why has your Buhari not removed it if it's that simple? You have to provide an alternative b4 removing subsidy, which is what Mr Obi said. You know that subsidy is fraudulent but you still support APC. Is it not your Buhari that quadrupled the amount he claims the country pays on subsidy? You claim to be a casual observer but you attack Obi day and night.

1 Like

Re: Peter Obi Speaks On Petrol Subsidy by Chijeep(m): 4:18pm On Jul 06, 2022
shortIGBOman:


Emeka rest, IGBO Man can never rule this Country.
Your headache
Re: Peter Obi Speaks On Petrol Subsidy by Everlastingson: 4:18pm On Jul 06, 2022
SIRTee15:
Peter Obi said nothing.
Every govt in power knows subsidy has to go but are they ready for the consequence?
revolt and possible violent protest from the masses, uncontrolled inflation and rising cost of living is the inevitable outcome. Is Peter Obi ready for Nigerians to buy fuel at N800 per litre. That's the issue, not telling us what u will do with the subsidy money. Obasanjo, Jonathan and Buhari govt already sold that to Nigerians but didnt work.
Those ARISE presenters were too soft on him. They should have asked him if it makes sense to remove subsidy at a time the world is grappling with global inflation and rising energy cost.

All Nigerians politicians are lazy and lack critical thinking. Always looking for the easier way out. Peter Obi is no exception.
The permanent solution to fuel subsidy is to have domestic refining capacity that can cater to the energy needs of Nigerians. simple. That was the answer I expected from Peter Obi and then tell us how his govt will build the refining capacity.

He kept ranting about cuting cost while Gov of Anambra and ran the state on shoe-string budget. If that's what he wants to attempt at abuja as President, then he's a clown. Ordinary NNPC will frustrate him, bring foreign auditors with forensic auditing, nothing will come out of it.

Most Nigerian governors run their states like personal estates. Some comissioners cant even approve simple pencils in their office without the gov approval, that cannot be extrapolated to Abuja.
Nigeria is too big and complex for a top to bottom admistrative system. restructure the country and let the system be micro-managed from the regions. That's the only sensible way out.


You have said nothing. You do not know Obi's history as Governor.

1 Like

Re: Peter Obi Speaks On Petrol Subsidy by fyneguy: 4:19pm On Jul 06, 2022
Juanmike:
And what has Atiku and BAT said about it?are they noise makers or not?

BAT was the one who helped Dangote with technical partners for the refinery, and siting it in Lekki.

BAT has done more than talking about solution. He has helped in creating local production capacity, as the solution to subsidy problem.

You don't have to be President to make moves. That's the difference between Tinubu and this noisemaker
Re: Peter Obi Speaks On Petrol Subsidy by casualobserver: 4:22pm On Jul 06, 2022
Paullo19:

He neither said yes or no with reasons..so if u read well and u are able to comprehend, u would understand what he meat by if there's alternative.

You dont think a serious candidate should by now know if there is an alternative or have a plan by now for an alternative...7 months to the election? ..no? or he going to travel to Saudi to learn that one?

be under no illusion the economic fortunes of Nigeria are hinged on subsidy removal, we are currently spending the equivalent of 5 Lagos to ibadan rail projects every year on subsidy! Subsidy is consumption while the productive sectors of our economy use diesel where there is no subsidy!! So dont let anyone fool you, no subsidy removal, no infrastructure, no investment in education , no economic growth. So any presidential candidate who doesnt have a plan by now on subsidy, security (state police) and restructuring is not serious.
Re: Peter Obi Speaks On Petrol Subsidy by fyneguy: 4:22pm On Jul 06, 2022
PBeni:
I would like to know about this alternative to fuel subsidy

Lol he meant other subsidies that will reduce the effect on fuel subsidy removal on the masses.

That will fail.
Re: Peter Obi Speaks On Petrol Subsidy by Vitally123: 4:23pm On Jul 06, 2022
Officialgarri:

No matter how hurting it is for the nation's wealth, fuel subsidy is one of the few ways that the government is directly giving back to the people.

I still don't know how we were cajoled to protest against fuel subsidy in 2012 (perhaps except for the looting)

What do I mean? Take a look at the price of our deregulated diesel flying high at #810, 850 and above and see the harsh effect on food prices and cost of long journeys.

If Peter Obi has an alternative to fuel subsidy that the world doesn't know of, he should hint us. It would be disappointing to ride to victory using lies

Hey, it's dangerous arguing what you don't know. An economist understands how economic forces work, but a lesser mind without economic portfolio talks just becuase others talk. Please get your economic facts or remain silent, please.

1 Like

Re: Peter Obi Speaks On Petrol Subsidy by fyneguy: 4:24pm On Jul 06, 2022
Af0nja:
To break it down, Peter is saying, the money we will save from subsidy, will be used to solve critical challenges in health, agriculture, education and power, hence compensating/complimenting the subsidy removal with something beneficial to Nigerians.

Lol it won't work

A huge chunk of our forex is spent on oil importation. You need to produce fuel locally, otherwise, you will continue to struggle.
Re: Peter Obi Speaks On Petrol Subsidy by Nobody: 4:25pm On Jul 06, 2022
Everlastingson:


When your refineries start functioning then subsidy can go.

When subsidy goes, then there would be money and profit for refineries.

It is that simple, we are using the money we should have used for refineries for subsidy.

1 Like

Re: Peter Obi Speaks On Petrol Subsidy by kizyalex10(m): 4:26pm On Jul 06, 2022
Brightreporter:
Peter Obi, presidential candidate of the Labour Party (LP), says he would remove the costly petrol subsidy if there is an alternative.
Video

https://www.youtube.com/watch?v=u8kBkhx7Ra8



https://www.thecable.ng/i-would-offer-an-equivalent-peter-obi-speaks-on-how-to-tackle-petrol-subsidy/amp
im 100 percent IBIDIENT…but I’m scared,why Tinubu and Atiku are not panicking about this man is because they know that the amount of illiterates in Nigeria and those who does nt have access to social media or even if they have don’t have the mental capacity to understand what mr Peter obi is trying to do for Nigeria,those people have major population and that is why they re not bothered about going for interview because they know with their money and foot soldiers they can buy those majority .so poverty and illiteracy remains their weapon to conquer Nigeria always.God help us
Re: Peter Obi Speaks On Petrol Subsidy by Af0nja: 4:26pm On Jul 06, 2022
fyneguy:


Lol it won't work

A huge chunk of our forex is spent on oil importation. You need to produce fuel locally, otherwise, you will continue to struggle.


What will not work?? Using the savings from subsidy to increase budget allocation to other sectors?

Focus on the subject please, provision of an alternative to compliment the result of subsidy removal? It will work sir!!

How much is ASUU fighting for? What is our annual education budget?

2 Likes

Re: Peter Obi Speaks On Petrol Subsidy by shortIGBOman: 4:28pm On Jul 06, 2022
obinto:

There is no free food for the lazy. Peter no dey give ShiShi. Na Tinubu dey give free Agbado. Make u go collect your own and leave PO alone

We have no business with Peter ObiTUARY. He is Igbo and Igbo can never rule this our beautiful Country.

1 Like

Re: Peter Obi Speaks On Petrol Subsidy by fyneguy: 4:29pm On Jul 06, 2022
07kjb:



He simply mean if you are removing the subsidy you have to still inject the money into the economy,into key critical sectors so that an average NIGERIAN won't feel it,imagine injecting those trillions of naira into nigerias ECONOMY without corruption..

Vote PETER OBI HE HAS GOOD TIDINGS TO DISH OUT

BE WISE

This is a terrible proposition. It does not solve the problem.

You must produce fuel locally, which is what Dangote refinery seeks to achieve.
Re: Peter Obi Speaks On Petrol Subsidy by Everlastingson: 4:30pm On Jul 06, 2022
Saintsammy59:
Is Peter Obi the only aspirant? Why this much attention


They're all focused on him trying to find fault not knowing they're advertising him the more.

1 Like

Re: Peter Obi Speaks On Petrol Subsidy by Juanmike(m): 4:32pm On Jul 06, 2022
fyneguy:


BAT was the one who helped Dangote with technical partners for the refinery, and siting it in Lekki.

BAT has done more than talking about solution. He has helped in creating local production capacity, as the solution to subsidy problem.

You don't have to be President to make moves. That's the difference between Tinubu and this noisemaker
He help Dangote?
PO did so much for education outside government to and check.
BAT will get twice as much from the money being remited to him from Lagos state account.
Re: Peter Obi Speaks On Petrol Subsidy by bluebabyboy1: 4:32pm On Jul 06, 2022
FalseProphet1:


Don't mind them. They will not listen now - later they will start crying that the country is hell and a shithole sad

This I have seen
Re: Peter Obi Speaks On Petrol Subsidy by thirdi(m): 4:33pm On Jul 06, 2022
The Nigerian problem is not complex.
Root cause analysis
We apply complex solutions to simple problems.

Commissioning of bridges - this is laughable

Get power right
Mass transit - Rail, urban transport
Security - kill pipeline vandalisation
secure your borders
Get the economy working

It will be well
Re: Peter Obi Speaks On Petrol Subsidy by ekineme: 4:33pm On Jul 06, 2022
shortIGBOman:


Who we decide to vote is none of your business. But one thing is for sure, Igbo will never rule this Country.

You need mental Evaluation if your problem with Peter Obi is because he is Igbo and not because he is not the best candidate, this is National issue and bringing Tribe into it says alot about your personality.

1 Like

Re: Peter Obi Speaks On Petrol Subsidy by fyneguy: 4:33pm On Jul 06, 2022
Af0nja:


I understand how hard it is to comprehend simple words when you have been governed by herders for over 7 decades, you start thinking like a livestock.

To break it down for you, Peter is saying that the savings from petrol subsidy could be used to solve critical challenges in health agriculture education and power.


Invest the savings from subsidy in power and increase our grid generation, this way there will be less demand for petrol (even if it's expensive due to subsidy removal). Invest it in basic amenities that will impact the lives of Nigerians and they won't feel the heat of subsidy removal.

Lol It still shows he lacks knowledge and understanding of fuel subsidy.

Oil importation accounts for 50% of Nigeria's forex spends. It means the devaluation of Naira is largely because of oil importation.

The bigger issue is fuel importation itself. That is what needs to be addressed and subsidy will be gone! PO focused on symptoms, while neglecting the disease itself.
Re: Peter Obi Speaks On Petrol Subsidy by thirdi(m): 4:36pm On Jul 06, 2022
fyneguy:


This is a terrible proposition. It does not solve the problem.

You must produce fuel locally, which is what Dangote refinery seeks to achieve.

Given that this is a private enterprise - how will the price be regulated?

1 Like

Re: Peter Obi Speaks On Petrol Subsidy by Everlastingson: 4:38pm On Jul 06, 2022
Subsidywise20:


When subsidy goes, then there would be money and profit for refineries.

It is that simple, we are using the money we should have used for refineries for subsidy.

Are you suggesting the refineries aren't working because there's no money to fix them? And the money must come from subsidy removal? How much has this present zombie administration claimed to have put into the refineries? That the refineries aren't running is simply down to foolishness, sabotage, corruption, and wickedness.

1 Like

Re: Peter Obi Speaks On Petrol Subsidy by fyneguy: 4:42pm On Jul 06, 2022
Mrkumareze:


Don't you think those trillions we spent in the said subsidy won't be enough to get our refineries functional ?

In theory, Yes.

The truth is if you stop subsidizing fuel, to spend the savings on other things, the effect on the economy will increase inflation, and make the savings of little or no value!

The best solution is to solve the root problem, which is fuel importation.

The moment we start sourcing for fuel locally, it will totally end subsidy and free up resources for developmental projects.

It will also make more forex available, to strengthen Naira.
Re: Peter Obi Speaks On Petrol Subsidy by marod(m): 4:45pm On Jul 06, 2022
Three candidates, the first talks about and sometimes, magnifies problem in a system, then compares and criticises, without offering viable solutions nor paying reference to how he tackled similar problems when confronted. The only track records that are being emphasised are how he acted a perfect gentleman and being Mr Nice guy.

The second only talks about track records and how they remain unmatched. He emphasises how he tackled problems and how it can be replicated at the national level. He references human capitals that he has built and how he was able to put round peg in the round hole. Unfortunately, the second appears to be weaker but surprisingly been much more active and at a level that has been unmatched infact. He also sarcastically referred to the fact that he has, rightly so paid his dues and arguably the most deserving.

The third? He has been told by those 'that have seen' that he will be the next president, so, why does he have to make effort?

The informed Nigerians who know what's at stake and wish well for the country are fortunately the majority and will decide with their vote and will not make noise nor respond to propaganda online. They do not take argue with mad men, not to talk of talking to mad men, talkless of taking advice from mad men.
Re: Peter Obi Speaks On Petrol Subsidy by fyneguy: 4:45pm On Jul 06, 2022
conscienceman4:

He isn't a noise maker because you have a clue of what he wants to do but you do not have a full grasp of it. If I have the presidential power, I will do it within six to eight months of my tenure.

What exactly will you do in 6 to 8 months?

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