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Nairaland Forum / Nairaland / General / Politics / LIBERATION: SUBSIDY REMOVAL- Facts You Need To Know (761 Views)
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LIBERATION: SUBSIDY REMOVAL- Facts You Need To Know by Freegift75: 7:51pm On May 11, 2016 |
www.africanoutlookonline.com/index.php?option=com_content&view=article&id=3602%3Aremoval-of-fuel-subsidy-in-nigeria-what-you-need-to-know&Itemid=645 SUBSIDY REMOVAL - A Liberation We have been praying and asking that Nigeria economy be restructured away from waste and corruption; Nigeria’s last chance to stay together and achieve her goals was snatched by President Muhammad Buhari, with one stroke by Subsidy removal, and some clamour to go on Strike! Well, You know more than I do that CHANGE cannot be painless. Pain with hope is better than pain without hope. Joining the global economy and cashless society will boost merit over mediocrity. The pain arises from long dependence on a system of economy that is unsustainable in the new time. So let us face it now. Let us properly differentiate society by restricting movement to those who really should move while others can stay to till the land! MORE iMPORTANTLY NEEDED NOW What we need is more education on what is happening! The fuel subsidy is one way that our military leaders used to keep us down thereby distorting our economy and making us unable to key into the emergent global economy. A section of the country abhors competition and merit and so they sustained it thereby depressing Naira value and making Nigerians only 419 pariahs in global trade. But to be relevant in the global economy you must be competitive. Subsidy is a facade a smokescreen for inefficiency and corruption by the unenlightened who want to rule over the educated! It gives them the room to bunker fuel and refine in foreign countries giving away Nigerian jobs and selling currency at the black market to rule Nigeria while poverty and unemployment reign. We cannot continue to pick crumbs in a table richly laid for us by God! We must learn not to depend on such bait of Boko Haram or we would be subsidizing our slow demise in the hands of an un-Godly set of people. SUBSIDY REMOVAL, A Blessing Subsidy withdrawal is a far-reaching restructuring strategy. It tackles existence of distortions in the Nigerian Economy. You may subsidize agriculture but not fuel because it has far-reaching negative effect on stratification of society, which is vital for spiritual harmony aside from creating soft money for the smart and privileged people, this time the retired Generals, who could buy up the privatized institutions. The result is that subsidy money goes into unproductive side of the economy encouraging the production of pure water billionaires like those rated from Nigeria by Forbes. EFFECT OF SUBSIDY What subsidy does to Nigeria is to create an imbalance in the economy allowing everyone to go into bunkering, raising private armies, jetty ownership, private jets and every other endeavor antecedent to it. They build private refineries in foreign countries employing as much as 20000 foreigners while our own refineries remain less competitive going by the subsidy we pay outsiders. It explains why Nigerians have developed the economies of neighboring African countries where electricity is more stable because it helps to sustain their refineries so they could smuggle in the products or sell to us at high prices thereby requiring higher and higher subsidies. WORDS FROM THE TOP “Mr. President urged Nigerians to appreciate the difficulties this nation is going through, particularly in the economy. As FEC, “we are not here to punish Nigerians, we are from the people, we know the discomfort that is going on right now, we totally empathize with Nigerians and we want to reassure the people that the measures that have been taken is for the greater good of the people of Nigeria and citizens”. Nigerians should also watch in the next couple of weeks how government is going to move quickly to implement the various activities from the subsidy reinvestment and empowerment program. |
Re: LIBERATION: SUBSIDY REMOVAL- Facts You Need To Know by molydonhenry(m): 7:52pm On May 11, 2016 |
Pains with hope abi? what if the pains kill b4 the hope comes alive? Nonesense Country with useless leaders in senseless party. APC = HYPOCRISY 4 Likes 1 Share |
Re: LIBERATION: SUBSIDY REMOVAL- Facts You Need To Know by SamuelAnyawu(m): 7:55pm On May 11, 2016 |
I don't support its removal even though I know it's the right thing.. GEJ saw the massive looting through subsidy and decided to remove it in 2012, But Baba Tinubu and his APC Zombies protested at Ojota and other states in Nigeria.... GEJ We Miss you Any other Candidate aside GEJ in 2019 remains an exercise in futility PDP take Note. |
Re: LIBERATION: SUBSIDY REMOVAL- Facts You Need To Know by adioolayi(m): 7:58pm On May 11, 2016 |
This is the way to go.....GEJ did the right thing in a wrong way (Proper Consultations and Educating the Masses was not done). Now, GEJ experience have done one thing... Nigerians are more aware now...I don't think anyone will protest against this |
Re: LIBERATION: SUBSIDY REMOVAL- Facts You Need To Know by FazzyKachi(m): 8:01pm On May 11, 2016 |
SMH_ ATM, we don't need this_ Removing Fuel Subsidy is Almost useless now_ The current Hardship on ground doesn't need Subsidy Removal_ Even to buy at #100 is a biq Problem not to talk more of #145_ Na d poor masses go dy suffer em now_ 2moro, Fuel Price go increase_ Make this Word "From 12th May 2016, From Oshodi to Ikotun and vice versa will be #200 - #400"_ Drivers no go buy anybody_ |
Re: LIBERATION: SUBSIDY REMOVAL- Facts You Need To Know by molydonhenry(m): 8:03pm On May 11, 2016 |
SamuelAnyawu:Gbam! More puna to ur JT |
Re: LIBERATION: SUBSIDY REMOVAL- Facts You Need To Know by emiwanlee(m): 8:30pm On May 11, 2016 |
Where were you in 2012? 1 Like |
Re: LIBERATION: SUBSIDY REMOVAL- Facts You Need To Know by emiwanlee(m): 8:31pm On May 11, 2016 |
adioolayi:Who are you deceiving? 1 Like |
Re: LIBERATION: SUBSIDY REMOVAL- Facts You Need To Know by amaechi1: 8:38pm On May 11, 2016 |
SamuelAnyawu: "Even though, it is the right" simply means you do not support what is right. |
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