yesloaded:

We can enjoy life in this country if we have sincere leaders but sadly we have wicked people in power with funny followers who don't speak truth

If government stopped inflating cost of project, embark on projects that will have positive impact in lives of Nigerians then this country will be better

Example of inflated project is the newly built rail system even devil will be busy shaking his head with the way they inflated this project yet not 100% functional

Godarz:


So, we should subsidise fuel to the tune of 1.2 TRILLION naira or more annually, and take loans to cover up the deficit resulting ?

Removing subsidy is the best way. We should have done this since 1993, even 2012.

ijustdey:


https://www.newtelegraphng.com/petrol-to-sell-for-n230-per-litre-in-march-marketers/

Emmasnoop:
TALK WITH YOUR BRAIN AND NOT YOUR YANCH,

]REMOVING THE SUBSIDY MAKE NO DIFFERENCE BECOS THE GOVERNMENT IS USELESS THEY WILL STILL STEAL THE MONEY AND TAKE IT ABROAD WHILE THE MASSES STARVE TO DEATH .

Godarz:


It has happened under previous presidents....under GEJ it rose from N65 to N87, and under Obasanjo it rose from N20 to N75 even.

modified

Fuel price increases a history...

Etrusen:
I wonder how many people will choose to come back to Nigeria as a Nigerian if truly humans come back a second to life

tiredoflife:


so ur own is to bring price history under each govt

no worry shabi u go buy ur own for mecca

Godarz:


It has happened under previous presidents....under GEJ it rose from N65 to N87, and under Obasanjo it rose from N20 to N75 even.

modified

Fuel price increases a history...

Godarz:


The problem with Nigeria is that most people don't pay taxes...we have a low tax base...



SAUCE: Nairametrics :Nigeria’s records 6.1 percent tax to GDP as tax base for VAT rise to N23.7 trillion

Godarz:


It has happened under previous presidents....under GEJ it rose from N65 to N87, and under Obasanjo it rose from N20 to N75 even.

modified

Fuel price increases a history...

JidennaJason:
..... And this is how General Buhari, the specialist in failure and his gang of Efulefu's in the APC choose to welcome Nigerians to a new month.

Just yesterday, I saw a comment by one notorious Buhari Media Cow (BMC) saying that Baba lifeless has the interest of the country at heart, I wanted to reply him, but I remember that I have already layed some curse on people like him who deliberately voted the daura drunkard.

A litre being sold at N230 is not just a wicked act, but also a demonic display of hatred for the common man.


Like I always pray, May it never end well for anyone who deliberately enthroned the disaster called Buhari.

Burruchaga71:
It's still okay. Here in South Africa it R15 equivalent of about N450.

Burruchaga71:
It's still okay. Here in South Africa it R15 equivalent of about N450.

ijustdey:


https://www.newtelegraphng.com/petrol-to-sell-for-n230-per-litre-in-march-marketers/

ThierryJay:


We might have a low tax base, but has the level of social and capital development even been commensurate with what Nigeria has realized from tax earnings so far?

FYI, Most of the informal sector you talk about earn less than 50,000 a month. When we are globally rated as the poverty capital of the world with over 90million people earning less than 1USD a day, do you expect these 90million people to pay taxes when they can barely survive. Are they not almost up to 50% of the entire population which is a close metric to the untaxed informal sector you talk about?

You cannot simply rely only on tax to stimulate productivity. Rather, you need to stimulate productivity to increase your tax base. If more people become wealthy they would become economically visible and the tax authorities can go after them.

Godblessaplus1:
Buhari the boss himself

khingTony:
Petrol price rising like bitcoin. This can only happen in a country where Buhari is president

ThierryJay:


We might have a low tax base, but has the level of social and capital development even been commensurate with what Nigeria has realized from tax earnings so far?

FYI, Most of the informal sector you talk about earn less than 50,000 a month. When we are globally rated as the poverty capital of the world with over 90million people earning less than 1USD a day, do you expect these 90million people to pay taxes when they can barely survive. Are they not almost up to 50% of the entire population which is a close metric to the untaxed informal sector you talk about?

You cannot simply rely on tax to stimulate productivity. Rather, you need to stimulate productivity to increase your tax base. If more people become wealthy they would become economically visible and the tax authorities can go after them.

Godarz:


That has no bearing on the topic...plus most Euorpean countries pay higher than 400 naira.

UK pays N655 naira per liter...and that's an oil producer.

France pays 699 per liter.

Norway is the third largest producer of oil...and pays N755 per liter.

Baba40:
Ju un

My car tank is filled up already

JidennaJason:
...


Like I always pray, May it never end well for anyone who deliberately enthroned the disaster called Buhari.

Saintp:


Guy, I'm sorry to insult you but I think you are very very stupid.

yesloaded:


You don't get it

On every 1naira petrol you buy there's tax on it

Even when you board commercial bus or motorcycle, you pay tax

Even if your earnings is 10,000naira per month, you still pay various taxes unknowingly

50naira stamp duty on every 10naira deposit is there & if you receive 10,000naira & above in hundred time in a day, you got charged 50nairw on each 10,000naira, that's not tax? 7.5% charges on every calls you make is not tax? 7.5% on cable TV subcription is not tax? 7.5% on bank transfer charges is not tax? I can go on & on

That's why I said you don't know what you r saying