Maxymilliano:
What are the parameters to determine the poorest of the poor? This government is absolutely confused and clueless

You want to hustle for that title abi?

etokhana:

https://www.thecable.ng/breaking-fg-will-replace-fuel-subsidy-with-n5000-transport-grant-for-poorest-nigerians

One thing about Nigeria government they always see we Nigerians as dumb people, why on earth will you be joking with fuel subsidy? I thought they said it was removed before? That’s the reasons for the previous fuel price hike. So what are they saying again?

leofab:
Wondering how they will distribute it.. maybe during party rallies

The money will be distributed among states that gave 97%. Those are the only states officially recognized as having the poorest of the poor people

Thunder Fire all of them including IMF WORLD BANK AND FG �

SCAM!!

Abeg comot the subsidy that would touch the lives of Dick, Tom and Harry....than the audio 40million Poorest of the Poor.

treesun:


Another misplaced priority. N5K to 40m out of 200m. Please what can N5k do in this our economy? Less than 30 litres of petrol!

Lol. Can yhu see the intelligence of our government in display?

They even have stylishly admitted that over 40million Nigerians are very very poor (poorest of the poors) meaning the others are just very very poor but not just so poor as the ones that will be given the 5k

Imagine the same government that claimed they have already lifted millions of Nigerians out of poverty still talking about 40million poor of the poor. Hahaha, are all Nigerians not poor like this?

I fear who no fear this government o!

Money they want to give core northerners and Nigeriens

So, on another topic, why are subsides bad

Here is a quote from an interview published in 'The Conversation' earlier this month(an interview with Steven Onyiewu, an economist)

(PS: I highly recommend that we read the article that this was quoted from...the sauce is below/at the end of this comment for an understanding of the subsidy regime. Does a very good job explaining a lot of things)

Why are oil subsidies bad economics?

Every year, the Nigerian government runs huge budget deficits that could have been avoided if money budgeted for oil subsidies was allocated to other critical projects.

Subsidies should be used to spur investment in activities that raise the productive capacities of an economy (such as education, health, entrepreneurship, and infrastructure). They should be targeted at strategic sectors of the economy. They should not be used to finance non-durable consumption items like petrol.

Oil subsidies are inequitable, as they transfer the national wealth to those who own several cars and add little or no value to the national economy.

In lieu of subsidies, the government should invest massively in public transportation and boost the transport allowances of public-sector workers.

Removing fuel subsidies would also be good for the environment and safety on Nigerian roads. When motorists pay the full economic price for petrol, they will drive less, emit less pollution and reduce the incidence of road accidents.

There should be a clear communication to Nigerians that the removal of fuel subsidies favours the poor, and eliminates one of the several perks that the Nigerian elites undeservedly enjoy.

SAUCE

These guys have started their voodoo economics again. Just finding ingenious ways to embezzle funds....

Another means of siphoning money, #5000*40,000,000 = 200billion in a month, by 12 months , that will give u #2.4Trillion just in a year.

Who is deceiving who?

Another lies from this devilish government

Worst minister of Finance..zero idea

Nor b dsame tin...kres de dix people head

Maxymilliano:
What are the parameters to determine the poorest of the poor? This government is absolutely confused and clueless

U must be Muslim
U must be fulani
U must be pro apc

etokhana:

https://www.thecable.ng/breaking-fg-will-replace-fuel-subsidy-with-n5000-transport-grant-for-poorest-nigerians

theraregem1 okefranci nonpartisan1 buckeyemedia1 Nigerialabalaba shooyie ovamboland benuejosh lovenorth Nigerialabalaba...pls what criteria are they going to use to identify the 40m poorest Nigerians? Will the 5k offset d ripple inflationary effect that fuel price increase will have on d price of goods and services? What are the people oriented policies your paymasters have delivered to Nigerians since 2015? How have buhari and osinbajo improved the living standard of Nigerians since 2015?

imagine a country with all the resources and she is planning to give roughly 30-40 millon living in abject poverty 5k each for what exactly?
when officers will trim it down to maybe 2k5 or even 1k5

Lol! People that couldn't effectively distribute food during covid-19 wants to pay 5k to 40m poor Nigerian.

Actually they are the poor 40m Nigerians since the said billions will be distributed among them and their cronies.

What about the conditional cash transfer? How far... Even in my whole village no one got the money.... So who are the poor Nigerians that got the money.?

But what beats me is how some fools will still defend the failure tomorrow.

Its a shame that Nigeria government is talking about subsidy removal, whereas the united state, Europe , China are subsiding relevant sector of their economy.
Subsidy is not the cause of Nigeria financial challenges, but government approach to economy growth.

If you can't find job, employ yourself.
Here is an opportunity to be employed without paying any money to anybody.
1: Just get a pen and paper ,
2: Go around your community and
3: Collate address ,Products and Phone Number of Businesses in your area selling Vehicles, Properties, Laptops, Phones, Home Appliances.
4: Fill the data into this form [url] https://forms.gle/we8vEPmNb6RTHwqX8 [/url]
5: Buyers will be refer to them.
6: Once the seller you referred made any sales to the buyers sent to them, you get 1% commission.

God please make me a national of either asian or western nation. This country is fake. Who are these poorest Nigerians? 5000 naira to 40 million Nigerians the rest are OYO ( on your own)

baralatie:

How is this a thoughtful process that is meant to work positively

Good question: when you put subsidy on petrol, you are lining the pockets of fuel dealers and importers including the fat rats at NNPC. You are also feeding other countries like Benin, Togo etc with our resources because these products are smuggled across the border into these countries. Petrol is more expensive over there and they rely on smuggled petrol from Nigeria which is cheaper. By directly giving that subsidy money to Nigerians who deserve it, they are able to buy it though at higher price, but the social pay will offset that, thereby plugging the holes of corruption and making the fuel more available to everyone.

#5000 for 40m Nigerians amount to #200B. Can't the government put such money into transportation infrastructure?
A share of #5.5B for each state to purchase busses (petroleum assisted mass transit buses) whose fare will be fair to the masses.
Each states ensures every local government has its own busses peculiar to its terrain.

The idea of distributing cash is awkward and imbecillic. Use the cash for infrastructure

I can now confirm that the government officials are not only stupid but idiotic.

Na civil servants go start the next civil war

leofab:
Wondering how they will distribute it.. maybe during party rallies

You can bet that majority of the beneficiaries would be APC faithful with most of them northerners!

Final package for looting...

That vulture griller and his fellow destitute will be very happy now, their allawee will soon increase to 35k ..... 5k incoming, at least the weyrey go see small extra cash to take buy gas with

etokhana:

https://www.thecable.ng/breaking-fg-will-replace-fuel-subsidy-with-n5000-transport-grant-for-poorest-nigerians

5000 times 40m equals corruption on another levels which translates to next level promised by mister integrity who promised to build 1 refinery yearly for the first 4yrs of his administration.

Baba Yahoo Yahoo...
U bad pass hushpuppi and mompha plus invictus obi combine.

slowice:
Lol! People that couldn't effectively distribute food during covid-19 wants to pay 5k to 40m poor Nigerian.

theraregem1 okefranci nonpartisan1 buckeyemedia1 Nigerialabalaba shooyie ovamboland benuejosh lovenorth Nigerialabalaba...pls read the above. Does it begin to capture the inefficiency and ineffectiveness of d govt of buhari/osinbajo who u guys keep promoting to d high heavens?

zuchyblink:
Na civil servants go start the next civil war

Civil servants that are fantastically corrupt?

texazzpete:
Hilarious

This government just LOVES these schemes that cannot be audited. ‘Poorest Nigerians’ that you determine. That you cannot show proof of disbursement. That you will largely zone to specific zones.


Why not just increase the minimum wage by N5000 if you’re sincere?

Na every nigerians dey govt payroll?

You made a quota system halima as the minister of finance.

Una never start.

Failed country

Needs overhauling