izzou:


I think the Obidients should take it easy with the way they are taking this matter.

I don't want APC to win, but if they do, I'll accept and move on. No need to dey throw bile everywhere.

Nobody here is the cause of the rot in Nigeria.
We are all victims, and Indirectly, we all are on the same page.

And lastly, they should stop taking Raumdeuter serious. I don't .

If he likes, he should hype Tinubu with 5 pages, he will not vote. I no know why him post dey pepper them

1000 Raumdeuter's comments on Tinubu = 0 INEC votes

“As for insults and abuse, I have received uncountable insults since I joined politics. You can see where I am today politically. I’m a product of insults, left right, and center, that’s my food and medicine. I’m not complaining, keep it up….”-Bola Ahmed Tinubu.”

izzou:
Can we have another discussion here apart from Politics?

I Don tire abeg

Oasis007:


What's your take on subsidy removal?!

izzou:


I think I support Amoto's stance.

Removing it outrightly will just scatter this country kpata kpata.

The new government should try to improve on sectors that depend on fuel, and provide alternatives, while removing the subsidy in phases

Oasis007:


What's your take on subsidy removal?!

Cc

Raumdeuter
BlueRayDick
Jodera
Larride
Afrodoc2
Ibime
Roland17

izzou:


I think I support Amoto's stance.

Removing it outrightly will just scatter this country kpata kpata.

The new government should try to improve on sectors that depend on fuel, and provide alternatives, while removing the subsidy in phases

Oasis007:


What's your take on subsidy removal?!

Cc

Rumdeuter
BleRayDick
Joera
Laride
Afodoc2
Ibme
Rland17

raumdeuter:


Subsidy is an avenue to steal money.

What subsidy in basic terms mean is that oil in global market is selling for N500 per litre , govt buys at that rate and sell it to Nigerians at say N300. absorbing a N200 loss.

This is the easiest money to steal as we have seen many administration is for middlemen to claim they are bringing in oil, bill govt and deliver less or nothing

Those who are familiar with the West African subregion will tell you they mostly depend on the cheap petroleum product in Nigeria to run their own economy. So instead of getting their oil from the global market at the regular price, they will rather smuggle from Nigeria. The marketers in Nigeria will also prefer to sell abroad to Benin or Togo. since they can buy for N300 per liter from Nigerian govt and sell to Togo at close to N500

On the other side, if Nigeria is exposed to global prices, the populace wont be able to afford it

So the choice is continue subsidy and give opportunity for people to steal

EmmanuelScott1:


Why peter obi called it a scam is because of the trillions spent on it, that's suppose to be used in improving other sectors. The f**kin thing is that trillions will still be rooted.

Itsrm:


They will steal either ways.

The difference is that now the masses can benefit, when it's removed, no more benefit.

If subsidy is removed today, I can bet anything in the world that we won't see the effect. The money being saved will be stolen.

Oasis007:


What's your take on subsidy removal?!

Cc

Raumdeuter
BlueRayDick
Jodera
Larride
Afrodoc2
Ibime
Roland17

raumdeuter:


Subsidy is an avenue to steal money.

What subsidy in basic terms mean is that oil in global market is selling for N500 per litre , govt buys at that rate and sell it to Nigerians at say N300. absorbing a N200 loss.

This is the easiest money to steal as we have seen many administration is for middlemen to claim they are bringing in oil, bill govt and deliver less or nothing

Those who are familiar with the West African subregion will tell you they mostly depend on the cheap petroleum product in Nigeria to run their own economy. So instead of getting their oil from the global market at the regular price, they will rather smuggle from Nigeria. The marketers in Nigeria will also prefer to sell abroad to Benin or Togo. since they can buy for N300 per liter from Nigerian govt and sell to Togo at close to N500

On the other side, if Nigeria is exposed to global prices, the populace wont be able to afford it

So the choice is continue subsidy and give opportunity for people to steal

Itsrm:


I would have been in full support of subsidy removal if I can trust trust those polithiefcians with the money saved from the removal but we all know its ending up in their pockets.

What will be the whole point? Subsidy has to continue.

Oasis007:


To be honest, reality in Nigeria won't make it possible for subsidy approval. I hope Dangote Refinery fully begins operation before end of the year, coz instead of dealing with multiple players, FG will be dealing directly with Dangote Refinery.

Also our Borders should be tighten up. Something had to be done to keep Custom Officers manning our Borders strictly disciplined.

Itsrm:


They will steal either ways.

The difference is that now the masses can benefit, when it's removed, no more benefit.

If subsidy is removed today, I can bet anything in the world that we won't see the effect. The money being saved will be stolen.

raumdeuter:


Well then if govt turns around and say the main reason why we are not investing in Education, Health, Infrastructure, Economy is because the entire budget we are spending on subsidy. Then what will you say?

Itsrm:


I will say the same thing I've said here, I don't trust them to invest in Education, Health and all the others even if subsidy is removed.

[They will only have more money to steal. The accountant general for instance will no longer be stealing 80bn. 200bn will be the goal.

izzou:


What's up with this story? How e take end?

seankafor:
this boy, why do you leave your house and what's giving you headache is another man's house?

Are you so jobless and obsessed?

Itsrm:


I would have been in full support of subsidy removal if I can trust trust those polithiefcians with the money saved from the removal but we all know its ending up in their pockets.

What will be the whole point? Subsidy has to continue.

Oasis007:


What's your take on subsidy removal?!

Ibime:


The crux of the matter. Fuel subsidy is the only social support Nigeria gives to its citizens.

Also the cost of transportation can make up to 50 to 80% of the cost of basic agricultural foods that poor Nigerians eat, reason why you can buy items in the North and Middle Belt for 1/3rd to 1/2 the price in the South. Whereas cost of transportation will be like 5% of the input cost in the Western world where cost of labour is the big input cost. So the inflationary effect on Nigerians will be dire, hence economic models that say subsidies are inefficient are applicable to the Western world but as far as Nigeria, it will lead to unimaginable suffering and social turmoil if subsidy is lifted.

raumdeuter:
itsrm

What is cooking in wikeland?

https://www.nairaland.com/7217972/photos-apc-governors-fayose-meets

afrodoc:


My point exactly. The money saved will be stolen. Corruption and insecurity have to be tackled first. Then you focus on developing infrastructure that will support job creation and local industries.

THEN you can start SLOWLY reducing the subsidy over a number of years. It can't be a sudden change or else the country will burn.

izzou:


What's up with this story? How e take end?

chrisooblog:
other than serving as a means to provide alternative power for generators how much does petrol really contribute to farm produce transportation?

I've seen some analysis as to why foodstuff in markets cost so much and one of the main culprits was the high price of diesel. So in practical terms how will subsidy removal really cause cost of leaving to spiral when it doesn't factor much in transportation of agricultural produce?

raumdeuter:
itsrm

What is cooking in wikeland?

https://www.nairaland.com/7217972/photos-apc-governors-fayose-meets