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Nairaland Forum / Nairaland / General / Politics / Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns (16534 Views)
Subsidy: Nigeria Treasury Must Be Protected From Looters — Tinubu / Nigerian Airlines Sound Alarm Over ‘Existential Threat’ / Fuel Subsidy: Nigeria Will Pay A Price, Borrowings May Continue – Femi Adesina (2) (3) (4)
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Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by ufotunang: 7:45am On Aug 11, 2022 |
Then tell the federal government to build refineries or repair the other existing refineries in order for it to start working... that is the solution to all this fuel subsidy |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by SlavaUkraini: 7:45am On Aug 11, 2022 |
ImperialYoruba: Na so ..... You try sha But give credit to others too when necessary because Lagos State is not a one man show. Yes BAT laid certain foundations and must be duly celebrated for them but his Boys also worked very hard on those foundations. Lagos State seeming success is the collective efforts of so many people and thanks to continuity of projects by successive administrations. Continuity of projects is what is lacking in so many states in Nigeria. 1 Like |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by Mokason288(m): 7:45am On Aug 11, 2022 |
Christian36: The surprising thing to me is that a lot of Northerners are still willing to die for BUhari despite destroying the North |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by Enkidu70: 7:47am On Aug 11, 2022 |
Not to excuse the current set of thieves from APC, but Goodluck Jonathan foisted this bastard Emefiele on Nigerians. That bald, worthless beast is the legacy of GEJ's cluelessness, compounded by Buhari's illiteracy. The man studied engineering, then he went to work with a bank...he's not even an accountant talkless an economist. Dude has no business running the central bank of any serious country. 1 Like |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by justmondris: 7:48am On Aug 11, 2022 |
yinkus6750: The same ministers Mr. President spent more than 6 months selecting. What a waste of time. |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by Enkidu70: 7:49am On Aug 11, 2022 |
Mokason288: Because they are animals. You're the one mistaking them for human beings. 1 Like |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by bjtinz: 7:51am On Aug 11, 2022 |
Cognitivereason: So is it okay that the country is borrowing like an out of control bet addict? Yes, subsidy removal will cause some immediate and perhaps severe pains, but it's a burden we must face squarely. pushing the burden to future generations is an immoral and wicked act as most economists agree. It's like a father borrowing and borrowing and leaving for his children to face. How would such children feel? At an already unsustainable 41t debt, how can we even be talking about additional 6.23t for subsidy next year!!! Abeg oo 1 Like |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by ufotunang: 7:52am On Aug 11, 2022 |
This is the result when you vote an old man to be your president...bad goverance... this is a lesson to Nigerians concerning voting for old people and incompetent politicians |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by Nobody: 7:52am On Aug 11, 2022 |
FreeStuffsNG PandoraObi Moh247 Them talk say Una people wan finish Nigeria |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by drololaaof: 7:55am On Aug 11, 2022 |
Thank you World Bank and IMFfor your warning, alarm ,advisory and others ,What you are good at is to find ways aof creating hardship,currency devaluation, job cut etc . But you have not queried why refinery is not working in Nigeria and encourage govt to make them functional, those repatriating money borrowed to the lender countries you look the other way. |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by Frenchkiss564: 7:56am On Aug 11, 2022 |
owagbeba: Your writing skill is topnotch |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by hekola: 8:03am On Aug 11, 2022 |
ImperialYoruba:you cannot think... You are like ur leader buhari. 1 Like |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by Nobody: 8:15am On Aug 11, 2022 |
Yeah, increase taxes and and tax people into poverty. Typical Worldbank and IMF mantra. Its always to destroy a nations local economy and make way for external cronies to acquire the nations assets for peanuts. This financial body is responsible for the problems we have as a country, by providing loans to leaders with no requirement as to how the money is to used. Govt is trying to borrow 1.1 trn for ASUU, why can world bank advise the govt to reduce its expense, repair refineries or explore other forms of revenue generation? Is it not when people earn incomes that they pay taxes? Are taxes no more based on incomes again? There is high unemployment in the country, industries are suffocating with overheads and infrastructural decay. Yet this people want to do tax reforms ( increase taxes) on over burdened people. At least we now know who wants to disintegrate the country. If you collect taxes from people who dont earn income , its called extortion. |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by justli: 8:15am On Aug 11, 2022 |
Same buhari said he has never heard of any such word as subsidy and tinubu aided him, Same buhari and tinubu and their gullible followers occupied Nigeria when goodluck moved to completely remove subsidy, Now the country under their watch has paid even more subsidy than any govt before them, yet the same tinubu that brought this calamity upon us has the audacity to think now is his turn to rule. These people must think we are all morons. We must show them that the majority of us are not stupid. |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by imagrg(m): 8:18am On Aug 11, 2022 |
BUT THE POLITICALLY DEAF WILL NOT HEAR THIS! PLEASE LET'S VOTE WISELY. tadlel: |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by Congrats321(m): 8:20am On Aug 11, 2022 |
Jonathan was incapable yet he kept inflation at Single digit for two years back to back? butterfly777: |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by micflo28(m): 8:23am On Aug 11, 2022 |
Cursed are the thumbs that will vote APC and PDP. Their days will be sorrowful forever. |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by Cognitivereason: 8:26am On Aug 11, 2022 |
bjtinz: cool.. then dont complain when it is removed....it like you lack knowledge of the full repercussion of deregulating petrol.. everything you use money to buy from food to clothes will nearly double in prices..commodities that have no business with petrol will suddenly increase because of the selfish business owners 1 Like |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by mycar: 8:45am On Aug 11, 2022 |
Cognitivereason:Nothing is impossible but even a functional seaport in delta would have helped or any other location but the political class have constantly deprived people of such. It would have reduced urban migration, Have you ever thought if we had sea port in lokoja and Delta. what it would have done to our economy? it would have boosted both export and import but No, everything in Lagos and you think it's Tinubu that will do it since he is the one that is benefiting more from the present state of things? |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by nzeobi(m): 9:09am On Aug 11, 2022 |
adioolayi: If the dangote refinery is ready then then removal of subsidy impact won't be felt and naira will appreciate too 1 Like |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by Mokason288(m): 9:22am On Aug 11, 2022 |
Enkidu70:Painful truth |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by nabiz(m): 9:30am On Aug 11, 2022 |
tadlel:you are a wise man |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by Nobody: 9:36am On Aug 11, 2022 |
Cognitivereason: And in return, people would rush to invest in refineries, and associated businesses...which would lead to imports ending. There would be some improvement in the value of the naira, (not to N1-$1 MIND!) and there would also be enough cash for other things...plus if we do it right, we can do as some other countries have done and funnel it into targeted plans to ease the strike...like increased public transport spending. 2 Likes |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by Realtalk20: 9:38am On Aug 11, 2022 |
ImperialYoruba: HAHAHAHAHAHAA you are such a clown..... No other state in the southwest is developed... We have Lagos Abuja port Harcourt then the likes of Akwa ibom, cross River Ebonyi Anambra before you talk of Ogun state anywhere Pls shift |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by brideman: 10:02am On Aug 11, 2022 |
This, in my opinion is the real problem, and not 2023 election. |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by mycar: 10:05am On Aug 11, 2022 |
ImperialYoruba:Who will intervene if not the administrators? The issue of fuel subsidy is all about accountability and trust. |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by Daddyyin: 10:12am On Aug 11, 2022 |
Okobola146: No sane person will defend Buhari’s failures but Asiwaju is a different person. He is not clueless, he’s a performer; tested and trusted. |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by laladre: 10:33am On Aug 11, 2022 |
KillSars: God will give you sense, am sure you're still been taking care of by your parents, you no dey buy fuel for gen nor fuel a car, so you fit talk, why on Earth will you compare Nigeria economy to that of Saudi Arabia, Omo dem suppose use you for offering. |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by laladre: 10:34am On Aug 11, 2022 |
Daddyyin: Tested and trusted in your village abi, am sure your brother is an Agbero. |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by laladre: 10:48am On Aug 11, 2022 |
bjtinz: We mumu too much for this country, we argue stupidly on whatever we read or the Government tell us, abeg do countries in Europe and Asia pay fuel subsidy?... And if they do, have you asked yourself why they don't shout about it or how it does not affect there Economy as it does to Nigeria, don't they know how to borrow too, why do our Government enjoy toying with our brains and just cause confusion among the masses, they keep lieing and lieing with incompetent folks and so called Leaders, I tire for Naija matter, God sef don give up on this Nation, I rest my case. |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by Ofiadiegwu: 11:05am On Aug 11, 2022 |
ImperialYoruba: You can keep assuming, your best guess is zero Your small mind can't guess rightly about me and also, your projections about 2023 is completely unrealistic because you have little mind. Calm down. It's going to be alright. We will welcome you to a new working Nigeria in 2023 |
Re: Fuel Subsidy: Nigeria Facing Existential Threat, World Bank Warns by Parrot173(m): 11:08am On Aug 11, 2022 |
adioolayi: |
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