9jii:
God give us Tinibu.

Tinubu that can't give Lagosians water will give you petrol? Under Tinubu be ready to buy a litre a fuels 750 naira if you dont know

tete7000:


I want honest govt, not dishonest bunch of thieves. People who will say anything just to grab power. If a people have been known to be consistently dishonest, why should I believe anything they say? If Buhari and his govt wants to remove subsidy, let them first own up and admit first that they lied to people in order to get power, then we can begin to discuss further. How are you even sure the figures they flaunt about how much they spend on subsidy is not lie? The guys in power lead by Mr disintegrity has lost the right to govern. If subsidy is what they have left for common man, let it be.

Then vote out APC, PDP, LP and SDP and NNPP and vote in new guys.

Simple.

Subsidy has to go. Before we end up taking money from our pockets to pay for it due to rising cost of crude oil.

Simplythebest:
Not us say u, ur family and ur relatives who want. Ps don't add us to it. Suffering never tire u

US

Subsidywise20:



Well, Niger, Sierra Leone, Liberia, Ghana , Ivory coast have minimum wages about our level, or less....and pay more for fuel.

Plus we waste money that could have been used to buffer our minimum wages on subsidy, and as the cost rises due to rising cost of crude oil....the amount spent on subsidy rises.

if you see what goes on in the oil sector alone,you will take one step at a time before continual reducing the percentage from the oil subsidy. I have people in that sector.

Let us be honest with ourselves,100% removal of subsidy will trigger so many issues that had been ignored for a long time. We have so many problems that hasn't been addressed at all.

We have a low minimum wage with a high forex rate at 600 to a dollar with heavy corruption in the sector and numerous bottlenecks coupled with high taxes. Aviation sector operators were complaining about high taxes and bottlenecks last month.abeg we have so many problems that the government has not even addressed at all and that goes down to economic policies and transparency.

Wait till the idiots gather at Ojota again and do occupy Nigeria version 2.0


They fought Jonathan cos of deregulation with for the sophisticated morons to show up

cp3o:


We will vote Obi.

We will vote Tinubu
May the best for this country win by his mighty name.

olanipekunemmanuelolaji:
You say what God forbid...

God forbid Obimination

ahuja12:

Ko ni da fun e!
Brainless zombie

Take it easy comrade

Bizibi:
if you see what goes on in the oil sector alone,you will take one step at a time before continual reducing the percentage from the oil subsidy. I have people in that sector

.

Most of the problems there are due to telling businessmen that they should charge below the cost of producing petrol to help the poor. Businesses exist to make money. If you make it difficult for them to make a profit, they will do so in underhanded ways.

Price controls do not work. Price controls used to be popular in Communist countries. Communist countries also had severe scarcities, and huge black markets for things like food and the like. And then they all fell down and became capitalist...and the scarcities went away.

Let us be honest with ourselves,100% removal of subsidy will trigger so many issues that had been ignored for a long time. We have so many problems that hasn't been addressed at all.

Whereas keeping the subsidy means we have to pay more and more of our budget money on it in these days of rising cost of production due to rising cost of oil prices.. Meaning more deficit, meaning we take loans to cover the deficit. NNPC is basically no longer remitting money to the federation account now.

We also lose billons to smuggling. Because when fuel costs over N300 in all yer neighbours...why not?

Either way, we suffer. With subsidy removal...domestic refining becomes profitable, and we save money, and reduce, not totally, but reduce, our dependence on debts and the budget deficit. And no more corruption in the sector...because any corruption under subsidy removal harms their bottom line.

You do not see sabotage in the GSM sector because it runs at a profit. Sabotage of the kind that happens in NNPC would harm them. NNPC is not run at a profit...so they can sabotage as much as they want...they get paid. More subsidy money.

We have a low minimum wage with a high forex rate at 600 to a dollar with heavy corruption in the sector and numerous bottlenecks coupled with high taxes.

1.Our tax to gdp ratio is one of the lowest in the West African region. Ghana and even Niger have higher tax to gdp ratios than we do, plus as at 2019, less than 30% of the economcially active population pays tax.

2.Most West African countries pay higher for fuel on minimum wages that are lower than ours or at our level (only Chad has higher minninum wage than we do). So your argument about minimum wage holds no water...plus if you have a car or own a car, you are not on minimum wage . Sorry.

3.And corruptuon is a way of life in many countries in Africa...because PEOPLE excuse it.

Aviation sector operators were complaining about high taxes and bottlenecks ladt month.abeg we have so many problems that the government has not even addressed at all and that goes down to economic policies and transparency.

[/quote]

And ye think the problems will be addressed if we spend more and more of our budget on subsidy due to rising crude oil prices? Or you think we should beg IMF and World Bank for more loans?

Subsidywise20:
Deregulation is the answer, but the government and the opposition are both waffling and wobbling over the matter, because politics.

At the end, if you want no queues, remove subsidy, remove government money, make NNPC private, and see if those dead refineries won't come roaring back, and new ones won't come up in minutes....

Yes, high prices, but yes...possible increase in investment and jobs, and government saves money.

Modifed

Before you quote me to shout 'Buhari nigbati nigbati opressor nigbati people will suffer you are wicked'....we are paying as much as 600 naira in subsides, up from below N200 last year, per liter...and that is going to keep on rising with rising crude oil prices. Especially since no one knows how long this war in Europe is going to last....plus subsidy costs have gone up from 2 trillion last year to 5 trillion this year, and rising.

Eventually, they will run out of money to pay for subsidies, and that means that they will take money from other sectors of the budget plus more loans to pay for your fuel to be N165 per liter or less.

So we choose our hardship. Either we keep on pouring money to feed the subsidy monster till it eats us, or we remove it, accept pain for a few years (I estimate that fuel costs could be up to N20000 or more weekly!) while the industry uses the profit to build up refining capacity, and government uses the money saved to pay for some things...like extra rise in salaries and minimum wage.

And for those of you moaning that government would chop the money...well, democracy involves holding the government to account. That means you and I get off our asses and start doing that.

No Nigerian politician can be trusted they will loot it all
Let them pay the subsidy like that.

spartan50:

No Nigerian politician can be trusted they will loot it all
Let them pay the subsidy like that.

The problem is, the cost of the subsidy is rising per annum because crude oil prices are rising.

So, unless you want a situation where you cannot get salary raises, new hospitals and schools, roads,and suchlike because 'it all has to go to pay for the subsidy' plus forex restrictions....subsidy has to go.

Unless you want a large budget deficit that has to be filled up with more loans, because we have to pour money into the subsidy monster...subsidy has to go.

Subsidywise20:
.

Most of the problems there are due to telling businessmen that they should charge below the cost of producing petrol to help the poor. Businesses exist to make money. If you make it difficult for them to make a profit, they will do so in underhanded ways.

Price controls do not work. Price controls used to be popular in Communist countries. Communist countries also had severe scarcities, and huge black markets for things like food and the like. And then they all fell down and became capitalist...and the scarcities went away.



Whereas keeping the subsidy means we have to pay more and more of our budget money on it in these days of rising cost of production due to rising cost of oil prices.. Meaning more deficit, meaning we take loans to cover the deficit. NNPC is basically no longer remitting money to the federation account now.

We also lose billons to smuggling. Because when fuel costs over N300 in all yer neighbours...why not?

Either way, we suffer. With subsidy removal...domestic refining becomes profitable, and we save money, and reduce, not totally, but reduce, our dependence on debts and the budget deficit. And no more corruption in the sector...because any corruption under subsidy removal harms their bottom line.

You do not see sabotage in the GSM sector because it runs at a profit. Sabotage of the kind that happens in NNPC would harm them. NNPC is not run at a profit...so they can sabotage as much as they want...they get paid. More subsidy money.



1.Our tax to gdp ratio is one of the lowest in the West African region. Ghana and even Niger have higher tax to gdp ratios than we do, plus as at 2019, less than 30% of the economcially active population pays tax.

2.Most West African countries pay higher for fuel on minimum wages that are lower than ours or at our level (only Chad has higher minninum wage than we do). So your argument about minimum wage holds no water...plus if you have a car or own a car, you are not on minimum wage . Sorry.

3.And corruptuon is a way of life in many countries in Africa...because PEOPLE excuse it.





And ye think the problems will be addressed if we spend more and more of our budget on subsidy due to rising crude oil prices? Or you think we should beg IMF and World Bank for more loans?

look everything goes down to sound economic policies and transparency in governance. No matter how we argue on this issue,100% removal of subsidy at the junction we are in right now will trigger so many issues.


Business men will not help the poor if the level of corruption in the oil sector is not being tamed. Was it not the same dangote that said if the refinery is finished it won't be sold for 200 naira per litre.

]

Bizibi:
look everything goes down to sound economic policies and transparency in governance. No matter how we argue on this issue,100% removal of subsidy at the junction we are in right now will trigger so many issues.

I hear you, and removing subsidy is an example of sound economic policy.

Another example is

1.Raising our tax to gdp ratio
2.Removing subsidies on power, and allowing discos and gencos to charge cost reflective tarrifs...so that they have enough profit to improve power generation
3.Actually using our raw materials to make exportable goods and services.

Business men will not help the poor if the level of corruption in the oil sector is not being tamed. Was it not the same dangote that said if the refinery is finished it won't be sold for 200 naira per litre.

[

Yes, because Dangote needs to make a profit to pay for his refinery to run well. And to pay his staff salaries that are world standard, and to expand and upgrade the refinery when needed.

So simple to see.

All our government refineries are bad PARTLY....emphasis on partly before you shout....because they were not run at a profit.

GSM COMPANIES...were allowed to charge anyhow...and they used their massive profit to build the GSM infrastructure that giveth us internet and phone calls....now cheaper.

Subsidywise20:
Deregulation is the answer, but the government and the opposition are both waffling and wobbling over the matter, because politics.

At the end, if you want no queues, remove subsidy, remove government money, make NNPC private, and see if those dead refineries won't come roaring back, and new ones won't come up in minutes....

Yes, high prices, but yes...possible increase in investment and jobs, and government saves money.

Modifed

Before you quote me to shout 'Buhari nigbati nigbati opressor nigbati people will suffer you are wicked'....we are paying as much as 600 naira in subsides, up from below N200 last year, per liter...and that is going to keep on rising with rising crude oil prices. Especially since no one knows how long this war in Europe is going to last....plus subsidy costs have gone up from 2 trillion last year to 5 trillion this year, and rising.

Eventually, they will run out of money to pay for subsidies, and that means that they will take money from other sectors of the budget plus more loans to pay for your fuel to be N165 per liter or less.

So we choose our hardship. Either we keep on pouring money to feed the subsidy monster till it eats us, or we remove it, accept pain for a few years (I estimate that fuel costs could be up to N20000 or more weekly!) while the industry uses the profit to build up refining capacity, and government uses the money saved to pay for some things...like extra rise in salaries and minimum wage.

And for those of you moaning that government would chop the money...well, democracy involves holding the government to account. That means you and I get off our asses and start doing that.

when atiku mentioned it that he will privatise nnpc, people are calling him names. There are Some organizations that government cant handle due to corruption.

anonimi:


Why are people not destitutes in obodo oyinbo countries Nigerians want to japa to where fuel is sold without subsidy?
Can it be the wage & pensions gap between civil servants and public office holders there now, as it was here some decades ago when Andrews were not checking out anyhow

My brother, I agree that subsidy is not ideal. I would be all for subsidy removal if it could be guaranteed that the money saved would be ploughed into Nigeria.

But we’re dealing with the most corrupt administration we’ve ever seen in Nigeria, so I am completely skeptical.

We are truly between the devil and the deep blue sea.

princeade86:
when atiku mentioned it that he will privatise nnpc, people are calling him names. There are Some organizations that government cant handle due to corruption.

Atiku was very right....but then he messed up by saying he would sell fuel at N90 (that means increasing subsidy payments ; at the time fuel was N145).

Subsidywise20:
]

I hear you, and removing subsidy is an example of sound economic policy.

Another example is

1.Raising our tax to gdp ratio
2.Removing subsidies on power, and allowing discos and gencos to charge cost reflective tarrifs...so that they have enough profit to improve power generation
3.Actually using our raw materials to make exportable goods and services.


[

Yes, because Dangote needs to make a profit to pay for his refinery to run well. And to pay his staff salaries that are world standard, and to expand and upgrade the refinery when needed.

So simple to see.

All our government refineries are bad PARTLY....emphasis on partly before you shout....because they were not run at a profit.

GSM COMPANIES...were allowed to charge anyhow...and they used their massive profit to build the GSM infrastructure that giveth us internet and phone calls....now cheaper.

dangote need to make profit above 200 per liter and you expect the populace to pay that amount in this economy. Let us be real abeg. You are talking about exportable goods,do you know that bottlenecks in the agriculture sector has made farmers raised alarm on the corruption of agencies that use task force to double tax them and they cannot export products because they add price to their products.

I will say it again if there is no sound economic policies and transparency it will be merry go round again.

Bizibi:
dangote need to make profit above 200 per liter and you expect the populace to pay that amount in this economy. Let us be real abeg. You are talking about exportable goods,do you know that bottlenecks in the agriculture sector has made farmers raised alarm on the corruption of agencies that use task force to double tax them and they cannot export products because they add price to their products.

I will say it again if there is no sound economic policies and transparency it will be merry go round again.

So basically, you want price controls.

That can't sustain any economy.

If you were baking bread and selling it at N500 per loaf after it cost you N350 to make it, would you be happy if government told you to sell that same loaf at N100 while paying you a subsidy of N100 per loaf...meanwhile cost of making the loaf keeps rising at say N50 a month?

You won't.

Good am

Oyo is ur case

9jii:
US

And we are experiencing inflation and budget deficits in part because subsidy....Choose yer difficulty.And we are experiencing inflation and budget deficits in part because subsidy....Choose yer difficulty....

Subsidywise20:
Deregulation is the answer, but the government and the opposition are both waffling and wobbling over the matter, because politics.

At the end, if you want no queues, remove subsidy, remove government money, make NNPC private, and see if those dead refineries won't come roaring back, and new ones won't come up in minutes....

Yes, high prices, but yes...possible increase in investment and jobs, and government saves money.

Modifed

Before you quote me to shout 'Buhari nigbati nigbati opressor nigbati people will suffer you are wicked'....we are paying as much as 600 naira in subsides, up from below N200 last year, per liter...and that is going to keep on rising with rising crude oil prices. Especially since no one knows how long this war in Europe is going to last....plus subsidy costs have gone up from 2 trillion last year to 5 trillion this year, and rising.

Eventually, they will run out of money to pay for subsidies, and that means that they will take money from other sectors of the budget plus more loans to pay for your fuel to be N165 per liter or less.

So we choose our hardship. Either we keep on pouring money to feed the subsidy monster till it eats us, or we remove it, accept pain for a few years (I estimate that fuel costs could be up to N20000 or more weekly!) while the industry uses the profit to build up refining capacity, and government uses the money saved to pay for some things...like extra rise in salaries and minimum wage.

And for those of you moaning that government would chop the money...well, democracy involves holding the government to account. That means you and I get off our asses and start doing that.

Government advocate... The #1.8billion discovered in Buratai's house has it occur to you that this useless government don't seem to do anything about it ? What about the #80 billion discovered with the accountant general of the federation... SERAP has always demanded for accountability, how many times have they gotten response from the the evil government. Tell me how else do you expect Nigerians to hold the government responsible.. You are just an advocate of the government pretending to be neutral... Bury you head in sand like the Ostrich

300Spartans:


Government advocate... The #1.8billion discovered in Buratai's house has it occur to you that this useless government don't seem to do anything about it ? What about the #80 billion discovered with the accountant general of the federation... SERAP has always demanded for accountability, how many times have they gotten response from the the evil government. Tell me how else do you expect Nigerians to hold the government responsible.. You are just an advocate of the government pretending to be neutral... Bury you head in sand like the Ostrich

Good morning government supporter. (Buhari refused to remove subsidy this year, you know).

As for me, subsidy must go and should have gone since 2011, since 1993.

Subsidywise20:
]

I hear you, and removing subsidy is an example of sound economic policy.

Another example is

1.Raising our tax to gdp ratio
2.Removing subsidies on power, and allowing discos and gencos to charge cost reflective tarrifs...so that they have enough profit to improve power generation
3.Actually using our raw materials to make exportable goods and services.


[

Yes, because Dangote needs to make a profit to pay for his refinery to run well. And to pay his staff salaries that are world standard, and to expand and upgrade the refinery when needed.

So simple to see.

All our government refineries are bad PARTLY....emphasis on partly before you shout....because they were not run at a profit.

GSM COMPANIES...were allowed to charge anyhow...and they used their massive profit to build the GSM infrastructure that giveth us internet and phone calls....now cheaper.

Which GSM is cheap? Tell me a network provider that give data of less than #1000 for 30days

300Spartans:



Which GSM is cheap? Tell me a network provider that give data of less than #1000 for 30days

It is cheaper than many other African countries....

Plus data usage depends on how you use it. Use too much, spend too much. Some people can use data of N1000 for over a month.

And you can buy data from a reseller. Cheaper.

Plus GSM companies don't take your money and hide it in a swiss bank, they use the money to expand services, staff welfare, etc etc etc.

Subsidywise20:


So basically, you want price controls.

That can't sustain any economy.

If you were baking bread and selling it at N500 per loaf after it cost you N350 to make it, would you be happy if government told you to sell that same loaf at N100 while paying you a subsidy of N100 per loaf...meanwhile cost of making the loaf keeps rising at say N50 a month?

You won't.
I
Good am

you are not even concerned about the welfare of the citizens,the economy itself,the fdi status of the economy. You are only concerned about the subsidy and budget.

Subsidy is not forever that is why I said for a government to achieve a non subsidy economy and make the country prosperous you need a sound economic policies and transparency.

For now you can't even dare remove subsidy 100% because of the extent of the damage to our economy.even sweden,Finland all do subsidy but because they have good economic policies and zero corruption they have been able to sustain their economy for years.

We can only do 60% first,fix whatever needs to be fixed and see that there is good results and every result you reduce the percentage. 100% removal of subsidy now with the level of corruption is anarchy straight up.

texazzpete:
My brother, I agree that subsidy is not ideal. I would be all for subsidy removal if it could be guaranteed that the money saved would be ploughed into Nigeria.

But we’re dealing with the most corrupt administration we’ve ever seen in Nigeria, so I am completely skeptical.

We are truly between the devil and the deep blue sea.

Have you considered the possibility of subsidy removal being the needed catalyst for sustained, radical change from everyone that we need, instead of expecting someone to play messiah for us.
No easy option but what can we do, as with judges in a beauty contest filled with worwor contestants?
Cheers, bro.

Bizibi:
you are not even concerned about the welfare of the citizens,the economy itself,the fdi status of the economy. You are only concerned about the subsidy and budget.

Subsidy is not forever that is why I said for a government to achieve a non subsidy economy and make the country prosperous you need a sound economic policies and transparency.

For now you can't even dare remove subsidy 100% because of the extent of the damage to our economy.even sweden,Finland all do subsidy but because they have good economic policies and zero corruption they have been able to sustain their economy for years.

We can only do 60% first,fix whatever needs to be fixed and see that there is good results and every result you reduce the percentage. 100% removal of subsidy now with the level of corruption is anarchy straight up.

Well, since subsidy is eating more and more of our budget, and forcing us to take loans and such like....I am concerned it would impact our welfare badly...if it isn't.

Remove subsidy...and there would be
1.More investment in domestic refining
2.More government cash saved.
3.More jobs
4.More income for the petroleum sector...which can be taxed...more government income
5.Improved life overall

In return for a few years of high prices.

Yes...welfare will improve.

Keep subsidy, and we would have to take more and more loans to pay for the thing as prices of crude keep rising...plus no profits to invest in refineries...no external investment, no job creation.


P.S Don't accuse me of not caring. I have thought about this for eleven years. Before I was pro-subsidy.

Subsidywise20:
Deregulation is the answer, but the government and the opposition are both waffling and wobbling over the matter, because politics.

At the end, if you want no queues, remove subsidy, remove government money, make NNPC private, and see if those dead refineries won't come roaring back, and new ones won't come up in minutes....

Yes, high prices, but yes...possible increase in investment and jobs, and government saves money.

Modifed

Before you quote me to shout 'Buhari nigbati nigbati opressor nigbati people will suffer you are wicked'....we are paying as much as 600 naira in subsides, up from below N200 last year, per liter...and that is going to keep on rising with rising crude oil prices. Especially since no one knows how long this war in Europe is going to last....plus subsidy costs have gone up from 2 trillion last year to 5 trillion this year, and rising.

Eventually, they will run out of money to pay for subsidies, and that means that they will take money from other sectors of the budget plus more loans to pay for your fuel to be N165 per liter or less.

So we choose our hardship. Either we keep on pouring money to feed the subsidy monster till it eats us, or we remove it, accept pain for a few years (I estimate that fuel costs could be up to N20000 or more weekly!) while the industry uses the profit to build up refining capacity, and government uses the money saved to pay for some things...like extra rise in salaries and minimum wage.

And for those of you moaning that government would chop the money...well, democracy involves holding the government to account. That means you and I get off our asses and start doing that.

You've spoken well. But no way in hell will the government completely remove subsidy this period. Even multimillionaires will go broke because of it. It's basically just impossible. And if you were the president, you also wouldn't do it. You make it look like it's that easy. Buying pms at 800 naira per litre.....lmao

Subsidywise20:


Good morning government supporter. (Buhari refused to remove subsidy this year, you know).

As for me, subsidy must go and should have gone since 2011, since 1993.

Your arguments are quite convincing but I have some reservations.
All nations, including UK, USA etc, run some form of social security. We have unemployment benefits, dependent benefits, etc that are given to their venerable citizens.
Nigeria, the only form of social benefits we have is the petrol subsidy and they want to take that away.
My own is there should be proper monitoring of the figures to curb corruption. Even in these developed countries their are still incidences of corruption but they monitor it carefully and almost always arrest the offenders.
Subsidy should stay until we have local refining capacity.