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Fuel Subsidy, Us, Nigeria,cabal And The Economy - Politics - Nairaland

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Fuel Subsidy, Us, Nigeria,cabal And The Economy by tonychristopher: 11:35am On May 08, 2015
Few years ago, I could remember those days they gathered at Ojota and had a carnival or jamboree in the name of subsidy protest and I laughed, I wonder and I keep wondering what sort of people that run this country. How can we be running welfares system and knowing full well how dishonest, disgruntled and disenchanted we are as a country. This subsidy is a scam, the country is in hands of few subsidy cabal, they call the shots be it in political and economic space. To me the best thing is to let the market forces which is demand and supply determine the price, availability of fuel. But NO we want freebies, welfares etc.

It does not make economic, logistic and logical sense that the cost of PMS will be the same thing in Lagos, Maiduguri, Zamfara and PH . Where do you factor logistics, overhead cost and other factors. Men nigeria and our managers are screwed. This is elementary economics
AS WE CONTINUE THIS SUBSIDY MADNESS SO DO WE LEAVE OURSELVES IN THE HAND OF FEW CABALS AND OVERNIGHT BILLIONAIRES? THEY WILL DICTATE OUR ECONOMY AND POLITICAL SPACE, MERITOCRACY AND MARKET SYSTEM WILL BE DUMPED

This welfares socialist ideology was what BUHARI rode to presidency with, he promised that he will pay jobless youths #10k and old people 5# then give primary school two square meals daily. Now people are awed and happy but it didn’t move my, why? I was waiting for how he would achieved that utopian magic by giving me or us credible empirical and verifiable explanation so ‘we’ voted so they say but not critiquing intellectually. I wish the new government luck and we as a country should know that demand and supply with market forces dominate a capitalist market and we are in capitalism ..so the earlier we get used to these principles the better for us.

As of now, we are stuck with subsidy be it in fuel, fertilizer and other things, we should allow competition and this is also applicable to cement and energy. We have to think, think think before we act.
Re: Fuel Subsidy, Us, Nigeria,cabal And The Economy by Nobody: 12:34pm On May 08, 2015
I think we should drop this whole subsidy idea already. Market forces should define the price of fuel in Nigeria even if prices differ from state to state. Honestly we need to change the way we think in this country, this is the same mentality behind the quota system where a much better and qualified candidate is dropped for a less competent hand in the name of quota system and carrying parts of the country along.

Buhari should take note, fuel subsidy should be done away with once and for all so that we can know what we are dealing with in this country. For how much longer can we allow the Oil cartel hold us to ransom? It is so frustrating when you wake up one morning only to find out that there is scarcity of petrol and you cannot fuel your car. embarassed
Re: Fuel Subsidy, Us, Nigeria,cabal And The Economy by theV0ice: 12:55pm On May 08, 2015
I just bought fuel for my car @N150/ltr. However I complained bitterly about the deceit of leaving the meter reading @ N87/ltr and selling @ N150/ltr. They claim subsidy from govt for fuel we buy @ unsubsidised rates. It's obvious we are enjoying no subsidy.

I doubt we'll buy it for more if govt stops paying the subsidy thieves

The subsidy is officially a fraud and should be stopped.

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