The annual subsidy is One Trillion, Eight Hundred Billion Naira (NGN 1,800,000,000,000.00) only yeah?

Take away the subsidy and introduce Five Thousand Naira (NGN 5,000.00) per person, per month for Forty Million (40,000,000) persons (the so-called poorest of the poor... lol) i.e NGN 5,000.00 * 1 month * 40,000,000 persons = NGN 200,000,000,000.00 only multiply by 12 months; It will amount to Two Trillion, Four Hundred Billion Naira (NGN 2,400,000,000,000.00) only.

So the FG will spend at least Six Hundred Billion Naira only (NGN 600,000,000,000.00) to remove subsidy? Not forgetting that the price of PMS will increase by 100%, so transport fare will definitely increase too.

If we are initiating new policies/strategies, do we initiate them to make the system/country better or worse?

Please, help make clarifications; maybe I ain't seeing the bigger picture.

Ekakamba:
The annual subsidy is One Trillion, Eight Hundred Billion Naira (NGN 1,800,000,000,000.00) only yeah?

Take away the subsidy and introduce Five Thousand Naira (NGN 5,000.00) per person, per month for Forty Million (40,000,000) persons (the so-called poorest of the poor... lol) i.e NGN 5,000.00 * 1 month * 40,000,000 persons = NGN 200,000,000,000.00 only multiply by 12 months; It will amount to Two Trillion, Four Hundred Billion Naira (NGN 2,400,000,000,000.00) only.

So the FG will spend at least Six Hundred Billion Naira only (NGN 600,000,000,000.00) to remove subsidy? Not forgetting that the price of PMS will increase by 100%, so transport fare will definitely increase too.

If we are initiating new policies/strategies, do we initiate them to make the system/country better or worse?

Please, help make clarifications; maybe I ain't seeing the bigger picture.

Don't mind them, they do not have any 5K to give to anybody.

otosa:

Don't mind them, they do not have any 5K to give to anybody.

even if they do, the common man will still not have access to that money, abi nobe naija we dey again? They will share that money between themselves and the common man will continue to suffer.

Anytime I see this news my mind dey cut.. almost all businesses in Nigeria is controlled by Power. Kn a country where we have epileptic power supply, generator sets have been what has been surviving our business. If the price of fuel go up, price of commodities will skyrocket, nobbe die be that.
APC want kuku finish this country kpatakpata. Immediately they increase the price of fuel I am hitting the streets, you guys like you should continue suffering and smiling

Total Fuel Subsidy removal is the best.
Marketer's will hide fuel during christmas and increase the price but will collect their full money from government in the name of subsidy.

The big picture you didn't see was that the monthly N5,000 monthly transport allowance for 40,000,000 people will be only for a maximum of 12 months.. After 12 months, the allowance will stop. Although, I'm sure that money will be embezzled. But since its for just 1 year, it's not that bad.

And the 5000 is not even meant for road users dem say na for the poor vulnerable people....


And I'm sure the road user no dey the poor vulnerable people WhatsApp....