dre11:


https://www.newtelegraphng.com/subsidy-removal-doubt-over-july-date-heightens/

Hah!!! Nigeria is cursed. We need serious cleansing. Bubu, your judgment will be very SEVERE. Mark my word. This is next level looting. Abacha was far better than than this wicked man aided by some callous goro-chewing, foolish and self-centered Yoruba. You are all CURSED by God.

Fools in power.......just say you intend killing the masses already!

CocoaOla:
Now I know this system is deliberately design not to work for Nigerians so that the government and their Scammer politicians can cash out back to back

120b subsides for 200b palietive monthly to untraceable undocumented poor Nigerians in an un identify location

It a scam

Another apc government scam to loot money for elections rigging in 2023

Recheck your calculation.
Should be 240b yearly.

A305:
This is a good step in the right direction but it comes with harsh reality. A government spending 250billion naira montly subsidizing fuel and also financing other sectors isn't a broke government but a government running the rat race in stagnation.

We need to all face this hard reality of subsidy removal now and let our children enjoy the reward. I know you would say, "The government is too corrupt to be trusted for any fruitful outcome of subsidy removal."

But

Can we just have a little faith in them for once?

Economy and politics compliments each other and so, even if we vote in a trusted young leader to lead Nigerian; won't he need money to execute his leadership?

Faith? Faith in a government that has brazenly adopted nepotistic approach to governance? Ignored the cries of Nigerians in the south especially victims of the nefarious activities of the Herdsmen. A government corrupt enough to instill a state government against the will of the people with a criminal and corrupt attorney general at the helm?
Faith in this government was our biggest mistake in modern history.

dre11:


https://www.newtelegraphng.com/subsidy-removal-doubt-over-july-date-heightens/

Use the 5k to pay the subsidy wayo government

backbencher:
I think that either way , the government is going to do it

Fuel prices are rising and with it the cost of refining fuel and with it the cost of subsidy

Either goverment removes subsidy or takes another loan or salaries and wages don't get paid

Either way the government is still paying subsidy!
So it is right back to it's initial problem

baralatie:

Either way the government is still paying subsidy!
So it is right back to it's initial problem

True. Food for thought

A305:
This is a good step in the right direction but it comes with harsh reality. A government spending 250billion naira montly subsidizing fuel and also financing other sectors isn't a broke government but a government running the rat race in stagnation.

We need to all face this hard reality of subsidy removal now and let our children enjoy the reward. I know you would say, "The government is too corrupt to be trusted for any fruitful outcome of subsidy removal."

But

Can we just have a little faith in them for once?

Economy and politics compliments each other and so, even if we vote in a trusted young leader to lead Nigerian; won't he need money to execute his leadership?

I don't know where she got #250 billion per month subsidy.
The last calculation by nnpc it was #150 billion per month.
Let us now take her word for it.
The fg removes #250 billion subsidy per month(that covers the 200 million Nigerians).there will be price movement across board.
The fg now takes #200 billion per month to pay for transport of 40 million Nigerians as palliative!(@ #5000.per head)

So the question is what has been subsidized!

backbencher:


True. Food for thought

There are many ingenious ways the fg can go about the problem of income from oil proceeds but it has itself to blame for not taking economy serious as far back as 2015.

sdav:


Na which calculator give you this, bro?

Read the post

timpipod:
They should leave the subsidy as it is jare

They should leave the subsidy abeg because even if they remove it there wouldn't be any positive impact after all, so why handing to our suffering and letting use suffer a dual kind of suffering.


Food prices, everything is going up and they are yet to regulate it and now another hardship in another dimension.

If only they supported gej then by now we would ve long moved pass this.... This government is fraudulent and selfish and they brought all this mess upon themselves and Nigerians due to their wicked and selfish politics.

When gej removed part of the subsidy, they invested some of the profits on Nigerians through youwin. I know a lady that got 5m grant for her agric business and some barbers too. Some transporters got buses for their business due to the transparency of the process. But these selfish guys are talking about 5k,people that couldn't distribute mere indomie transparently during covid-19, what about the so called cct that was a huge flop?

omowolewa:
How will they execute this? Not even subsidized Mass Trans.


FG should better work with Dangote Refinery on how to speed up commencement of business. What happened to Crude oil swap arrangement!

You don't understand what is really going on.
Dangote Refinery is the brain behind the propose fuel hike. He knew if subsidy persist he will be running at lost.
He wanted subsidy out of the way so he and very few can monopolies the system at a huge.
The lobbied of PIB and every others have proved that he is using the government at achieve is aim.
Dangote Refinery ought to be operating since last year.

Algold:


You don't understand what is really going on.
Dangote Refinery is the brain behind the propose fuel hike. He knew if subsidy persist he will be running at lost.
He wanted subsidy out of the way so he and very few can monopolies the system at a huge.
The lobbied of PIB and every others have proved that he is using the government at achieve is aim.
Dangote Refinery ought to be operating since last year.

Well there are five other refineries also being built, and 20 more waiting in the wings

Advantage for dangote ? yes.. monopoly no.

NNPC is also fixing up 2 of its moribund refineries . They too love profots

backbencher:


Well there are five other refineries also being built, and 20 more waiting in the wings

Advantage for dangote ? yes.. monopoly no.

NNPC is also fixing up 2 of its moribund refineries . They too love profots

Time will tell. Take note of the monopoly stuff in the long run.
He will make others inefficient one way or the other.
No hate on Dangote. He is greed and monopolistic

backbencher:


Well there are five other refineries also being built, and 20 more waiting in the wings

Advantage for dangote ? yes.. monopoly no.

NNPC is also fixing up 2 of its moribund refineries . They too love profots

Time will tell. Take note of the monopoly stuff in the long run.
He will make others inefficient one way or the other.
No hate on Dangote. He is greed and monopolistic

Algold:


Time will tell. Take note of the monopoly stuff in the long run.
He will make others inefficient one way or the other.
No hate on Dangote. He is greed and monopolistic

Well he hasn't monopolised cement, with BUA, lafrarge and ibeto still on ground well well

BUA is even building a refinery himself.

Algold:

Time will tell. Take note of the monopoly stuff in the long run.
He will make others inefficient one way or the other.
No hate on Dangote. He is greed and monopolistic

Dobulepost?

backbencher:


Well he hasn't monopolised cement, with BUA, lafrarge and ibeto still on ground well well

BUA is even building a refinery himself.

Do you know how sophisticated BUA is. And also a northerner. Ikpella in Edo state was once under the control of BUA. Dangote went underground with Obaseki to help him win election during is first tenure for him to have that place. BUA fought back through court injunction till today.... Ikpella case is still dragging on in court

I've always thought as much: removing the subsidy in a pre-election year will be suicidal to their political ambitions.

A305:
This is a good step in the right direction but it comes with harsh reality. A government spending 250billion naira montly subsidizing fuel and also financing other sectors isn't a broke government but a government running the rat race in stagnation.

We need to all face this hard reality of subsidy removal now and let our children enjoy the reward. I know you would say, "The government is too corrupt to be trusted for any fruitful outcome of subsidy removal."

But

Can we just have a little faith in them for once?

Economy and politics compliments each other and so, even if we vote in a trusted young leader to lead Nigerian; won't he need money to execute his leadership?

The cost of governance alone can take care of that.
Why push the people into more poverty and lack?

95% of the money will go to the north, just watch and see

A305:
This is a good step in the right direction but it comes with harsh reality. A government spending 250billion naira montly subsidizing fuel and also financing other sectors isn't a broke government but a government running the rat race in stagnation.

We need to all face this hard reality of subsidy removal now and let our children enjoy the reward. I know you would say, "The government is too corrupt to be trusted for any fruitful outcome of subsidy removal."

But

Can we just have a little faith in them for once?

Economy and politics compliments each other and so, even if we vote in a trusted young leader to lead Nigerian; won't he need money to execute his leadership?

I hope you know the subsidy removal money won't be channeled into building refinery? They want to be paying audio 5k monthly. So be guided on the labor you want to labor for your unborn children.

"To avoid any clash with the populace"

Hei. Na wa. So the government has it in mind to avoid clashing with the populace…
SINCE WHEN?!

Juell:
5000 x 40m x 6 months = 1.2billion naira, is not better to start up cottage industries with collaboration China with such funds? With such more people will be employed and earn far more than the 5k peanut.

1.2 trillion actually. Typo.