We should not always be complaining but we can come up with ideas on how to take advantage of subsidy removal and become rich or richer.


Let's brainstorm on how to get through this rich or richer.

Let's turn a stumbling block to a stepping stone!

Please, no complaints here (I'll create another thread for complaints) just think of ideas of what to store or buy or do now to be able to make money when they finally remove subsidy.

Many Wise people are bringing in great ideas. Kudos!

Ogbono storage may also be a good idea

na to buy fuel and stock up in GP tanks

resell when subsidy is removed, or use it jejely till december

Hmm, this guy wants to create a massive fire risk for his street.

OP, go and open a filling station first. Storing fuel otherwise is an invitation to Hephaestus to do his worst.

Ebubu2:
na to buy fuel and stock up in GP tanks

resell when subsidy is removed, or use it jejely till december

Please, come up with a better idea, as this one is full of risk to life and property

How about buying and storing of palm oil

Start a taxi business.

To effectively answer this, we need to first streamline the main areas that will be affected. And without doubt, TRANSPORTATION will be the first sector to take the hit, thereafter a chain reaction across all sector including the oppurtunistic nature of Nigerians.

One major venture that I believe will help anyone become rich as a result of d fuel subsidy removal, is urban farming. Or maybe I should say backyard farming in the cities. However, this must be well managed.

Transporting food from the rural areas will certainly influence d cost of buying them but with systemised backyard farmers in the cities who may not need to transport their produce before sales, the oppurtunity seems huge.

Subsidy removal will certainly have a multiplier effect on every area of the economy but majorly transport.

1. Sort electric cars in sales and transport business
2. Go into farming and employ group or communal method of transportation into urban areas
3. Solar power to the rescue.

PapaGfad:
To effectively answer this, we need to first streamline the main areas that will be affected. And without doubt, TRANSPORTATION will be the first sector to take the hit, thereafter a chain reaction across all sector including the oppurtunistic nature of Nigerians.

One major venture that I believe will help anyone become rich as a result of d fuel subsidy removal, is urban farming. Or maybe I should say backyard farming in the cities. However, this must be well managed.

Transporting food from the rural areas will certainly influence d cost of buying them but with systemised backyard farmers in the cities who may not need to transport their produce before sales, the oppurtunity seems huge.

Except that u won’t be able to sell in the market. They have union that won’t let u sell below price

nairalanda1:
Hmm, this guy wants to create a massive fire risk for his street.

OP, go and open a filling station first. Storing fuel otherwise is an invitation to Hephaestus to do his worst.

Petrol can be stored in an underground tank for a long time. That's how they lay filling station tanks.

sonature1:


Petrol can be stored in an underground tank for a long time. That's how they lay filling station tanks.

Good, so get one, and then get it approved by NNPC.

nairalanda1:


Good, so get one, and then get it approved by NNPC.

You don't need NNPC approval. If they are still working, DPR has to approve it.

However, I don't think you need any approval for it.

sonature1:


You don't need NNPC approval. If they are still working, DPR has to approve it.

However, I don't think you need any approval for it.

So go ahead, and do it.Get it approved by the right authorites.

Anything else is just tempting the fire.

Ransomtheking:
How about buying and storing of palm oil

Are you into palm oil business? Someone told me that It's too late to Store palm oil now?

Please what do you think?

Fearjah:
We should not always be complaining but we can come up with ideas on how to take advantage of subsidy removal and become rich or richer.


Let's brainstorm on how to get through this rich or richer.

Let's turn a stumbling block to a stepping stone!

Please, no complaints here (I'll create another thread for complaints) just think of ideas of what to store or buy or do now to be able to make money when they finally remove subsidy

...in a sane society, the citizens would be interested in those things that have been put in place by the government before the removal of subsidy and not to take advantage of the situation to enrich yourself...we should be concerned about that man that earns below 100,000 naira and who may possibly be sacked after the removal of subsidy...the removal of subsidy will lead to retrenchment of workers in the private sector... which is joblessness ...and they can't venture into business because of the lack of capital and high cost of entry...many won't be able to afford university education... because take home salary won't be able to take them home...many won't be able to afford medical services because their disposable income has reduced...the problems are too numerous to mention...

An increase in the cost of petroleum motor spirit (PMS), diesel, and kerosene is set to bring about inflation and ultimately spiral into every sector of the economy.

Your analysis and projection is simple that of an average bush market trader...when the reality hits hard, you will appreciate acquiring a formal education.

I am not against the removal of subsidy...but it is simple wickedness and heartlessness to remove subsidy without putting the right things in place.

The naira redesign was a good policy, but failed woefully because of lack of proper planning. The government is increasing the salaries of civil servants, does that mean those in the private sector will continue to buy fuel at 210 ?

The private sector is the largest employer of labour...don't joke with them ... Subsidy will be removed, but after two or three weeks, it will be reversed.

Build a charcoal based Carnot engine and start transportation business with it or start refining crude in small scale in your back yard.


As for me, I will simply build petrol vapour condenser and deploy near filling stations and mechanic workshops.

FromTopToBottom:

...
Lastly, I am not against the removal of subsidy...but it is simple wickedness and heartlessness to remove subsidy without putting the right things in place.

The naira redesign was a good policy, but failed woefully because of lack of proper planning. The government is increasing the salaries of civil servants, does that mean that those in the private sector will continue to buy fuel at 210 ?

The private sector is the largest employer of labour...don't joke with them ... Subsidy will be removed, but after two or three weeks, it will be reversed. Save this comment

Two gigantic paragraphs after saying "lastly". Naija state of mind, too many things for the mind. Wahala be like serial TV show for Nigeria.

They will be shouting Jagaban while we make money

refugee:
Subsidy removal will certainly have a multiplier effect on every area of the economy but majorly transport.

1. Sort electric cars in sales and transport business
2. Go into farming and employ group or communal method of transportation into urban areas
3. Solar power to the rescue.

Solar, one panel of 200w is about 80k. Who will buy that when you need about 10 to start?
Farming is cow food now. Cows are more important than taxpayers.
Electric cars are luxury right now to be honest.

The removal ought to have been planned well and area directly affected by petrol prices like power, transport, and small business should have been given serious attention long before now. Typical of us, nothing has been prepared but they are planning to borrow and share (with stealing in between)

Let me sit down here and learn, on the other hand na me be your best plug for everything Sexual enhancement tho.

Best and easy way to make money with the subsidy is to buy gallons of palm oil and store for long time and swim in millions

Please like my comment so I can come back to this topic

Mystic216:
Best and easy way to make money with the subsidy is to buy gallons of palm oil and store for long time and swim in millions

Please like my comment so I can come back to this topic

Please how can palm oil be a subsidiary to fuel, and how can one make money from it?

Whoknow:

Please how can palm oil be a subsidiary to fuel, and how can one make money from it?

I’m very busy now
I will explain it to you once I’m less busy

CodeTemplar:


Two gigantic paragraphs after saying "lastly". Naija state of mind, too many things for the mind. Wahala be like serial TV show for Nigeria.

You should be more interested in the message

What of buying plots of land? Will it quickly appreciate after subsidy removal?

Fearjah:
What of buying plots of land? Will it quickly appreciate after subsidy removal?

The removal of subsidy will mean a higher running cost on all household in the country...which will lead to a drastic reduction of disposable income...when there is NO money, the price of land will fall...
Some land owners will sell at give away prices just to feed and meet some pressing expenses...

Fearjah:


Are you into palm oil business? Someone told me that It's too late to Store palm oil now?

Please what do you think?

It's not ooo.
We are not even into rainy season yet.
The person who told you that is he into oil business.
Just assume you bought oil now then store it let say subsidy was later removed.
Do you know what u'll get from that oil

Fearjah:
What of buying plots of land? Will it quickly appreciate after subsidy removal?

nope

CodeTemplar:

Solar, one panel of 200w is about 80k. Who will buy that when you need about 10 to start?
Farming is cow food now. Cows are more important than taxpayers.
Electric cars are luxury right now to be honest.

The removal ought to have been planned well and area directly affected by petrol prices like power, transport, and small business should have been given serious attention long before now. Typical of us, nothing has been prepared but they are planning to borrow (steal in between) and share.

Who told you about 10pcs of 200 watts solar panels.

Solar is just like a generator. You buy what you need based on your electricity consumption.


Like it or not solar is still an alternative and a potential money spinner

I'm thinking about dabbling into synthetic petrol proudction.. the business plan is ready.. the tech is assured.

However to create a MVP, I need some little investment. Get in touch if you think you'll like to get into this.

I'll completely explain my process to you.

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