tunwumi:

I have enjoy the cheapest education in Nigeria.

tunwumi:
The currency will be stable as the loophole of subsidy payment will be blocked. But the main issue is the purchasing power within the economy as the price of fuel may be around 450-500.

Most Nigerian are unreasonable in commodity pricing, they are on the exploitation campaign. This is subject to a lot of uncertainty but the removal must be done. The government will have a lot of money at hand to spend with the removal.

We have to close mark the state governors as they will become wasteful due to surplus funds.

It will make a lot of sense if Dangote refinery can also come on stream. It will help to control the prices as transaction will be in niara.

Bfly:
Looking at how subsidy removal may cause hyper-inflation what is the possibility of those lesser Nigerian currency surviving because fuel at almost 750/litres may aswell wipe out #20 downward. This subsidy of a thing is getting real.
Imagine life after subsidy removal.

uncleck:
Nothing significant. Kerosene subsidy was removed, we did not die. Diesel subsidy was removed, heaven did not fall. Cooking gas subsidy was removed, we all moved on. Naira is not tied to Fuel nor it's subsidy thereof.

There will be no hyper inflation as many predict. What causes the rise in price of commodities in this regard is mostly the haulage fare. Haulage is done largely with diesel and the effect has already been felt for some months now when naira fall pushed the price of diesel up.

What will happen is a mild rise of inflation orchestrated by rise in the cost of transportation. The effect will not be too significant

Realguyman1:
Make una dey there dey play. Una just dey play with Nigeria and Nigerians. Shay na petrol subsidy hold Nigeria federal government from achieving any sensible thing since 1960(especially the ones since 1999)? With all the trillions wey Nigeria government done control for this country since 1960( especially the ones since 1999), subsidy or no subsidy, Nigeria suppose done pass this stage wey we dey so.

I just dey laugh most of una wey think say una sabi too much. Subsidy removal or no subsidy removal, nothing will change. Subsidy removal will not make any difference in Nigeria, the government will still embezzle the money just have they have always done from day one.

Nor be fuel subsidy hold Nigeria from having those good things, but embezzlement of public fund made for them. And if those embezzlement nor stop, removing of subsidy or not will still not make any difference.

uncleck:
Nothing significant. [b]Kerosene subsidy was removed, we did not die. [/b]Diesel subsidy was removed, heaven did not fall. Cooking gas subsidy was removed, we all moved on. Naira is not tied to Fuel nor it's subsidy thereof.

There will be no hyper inflation as many predict. What causes the rise in price of commodities in this regard is mostly the haulage fare. Haulage is done largely with diesel and the effect has already been felt for some months now when naira fall pushed the price of diesel up.

What will happen is a mild rise of inflation orchestrated by rise in the cost of transportation. The effect will not be too significant

OperationalVehi:
Nigeria is about to witness a High prostitution rate

Divoc19:
Let them bring it on. We are ready for anything . Am optimistic about this new government though

Difrent:


Yes they could have those things because they dont waste billions on petrol subsidy....they instead have effective transport system thats affordable.
The moment we stop petrol subsidy, some of these things will become achievable

blackpanda:


Even in south africa it's about $3 per liter (N2250)

ChybuzzDD:


One gullible fellow spotted.

Is it today people like you started trusting Nigerian politicians?

You're either very young or new to Nigeria.

Surely, you'll be disappointed at the end, after realizing the money will be diverted to personal use while the people suffer for nothing.

There's no reason for a 3rd world country with about 133million poor citizens to completely remove subsidy when the rich western countries have one form of subsidy or the other for their citizens

tunwumi:
The currency will be stable as the loophole of subsidy payment will be blocked. But the main issue is the purchasing power within the economy as the price of fuel may be around 450-500.

Most Nigerian are unreasonable in commodity pricing, they are on the exploitation campaign. This is subject to a lot of uncertainty but the removal must be done. The government will have a lot of money at hand to spend with the removal.

We have to close mark the state governors as they will become wasteful due to surplus funds.

It will make a lot of sense if Dangote refinery can also come on stream. It will help to control the prices as transaction will be in niara.

Dafresh:


He supports APC so he don't suppose to reason well

ben1daEbiri:
What many of you is failing to understand that the major reason for inflation isn't really the increase in price of fuel but our very selfish market women who hike prices and want to make 100% or more profit. Down south we hike things for no damn reason, a #50 increase in fuel results in astronomical increase that's not commensurate with the increase in fuel and further more they make this increase per unit of the item. If we don't become reasonable and help ourselves after subsidy is removed vices like pickpocketing and burglary will be on the increase.

tunwumi:
The currency will be stable as the loophole of subsidy payment will be blocked. But the main issue is the purchasing power within the economy as the price of fuel may be around 450-500.

Most Nigerian are unreasonable in commodity pricing, they are on the exploitation campaign. This is subject to a lot of uncertainty but the removal must be done. The government will have a lot of money at hand to spend with the removal.

We have to close mark the state governors as they will become wasteful due to surplus funds.

It will make a lot of sense if Dangote refinery can also come on stream. It will help to control the prices as transaction will be in niara.

pat077:
the government already promise 5 million poor people 5k for 6 months, that shld be enough to cushion the effect of the subsidy removal. With that they will be lifted out of the poverty line in 6 month

tunwumi:
There is no government that is honest. Jonathan's government was not honest at all.
Oil went high to $147 and he met $50B external reserve, he didn't fix anything instead he was busy Sharing to fellow thief.

I don't believe in Buhari nor Tinubu nor 👿 Obi himself.

They are all alike. If you read animal farm by George Orwell, you will understand. It is merry go round

jkpbestseries:
Why not build our own refinery if an individual can

Donpenny:
you see those market women . They are the real problem

tunwumi:
The currency will be stable as the loophole of subsidy payment will be blocked. But the main issue is the purchasing power within the economy as the price of fuel may be around 450-500.

Most Nigerian are unreasonable in commodity pricing, they are on the exploitation campaign. This is subject to a lot of uncertainty but the removal must be done. The government will have a lot of money at hand to spend with the removal.

We have to close mark the state governors as they will become wasteful due to surplus funds.

It will make a lot of sense if Dangote refinery can also come on stream. It will help to control the prices as transaction will be in niara.

tunwumi:
The currency will be stable as the loophole of subsidy payment will be blocked. But the main issue is the purchasing power within the economy as the price of fuel may be around 450-500.

Most Nigerian are unreasonable in commodity pricing, they are on the exploitation campaign. This is subject to a lot of uncertainty but the removal must be done. The government will have a lot of money at hand to spend with the removal.

We have to close mark the state governors as they will become wasteful due to surplus funds.

It will make a lot of sense if Dangote refinery can also come on stream. It will help to control the prices as transaction will be in niara.

Dafresh:

All those advance countries have stable electricity, good health care system good roads everyone is equal

BigIyanga:

So you dont see the direct effect..? Did you take logic class? So when inflation goes up, poor people will have money like Dangote to spend?

1Alex:
you don't get it. Bicycle will save me transport money for local run. I will save money navigating with bicycle than pay fare for intracity commute.

Ykc2:
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣keep deceiving your self ,after you go and cue for western embassy to look for visa,anyways if una like make una make shekau una president na una problem I dey austria dey enjoy