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Fuel Subsidy Removal: How To Become Rich From It - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Fuel Subsidy Removal: How To Become Rich From It (3693 Views)

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Re: Fuel Subsidy Removal: How To Become Rich From It by BRIGHTSOLAR(m): 2:36pm On Apr 24, 2023
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Re: Fuel Subsidy Removal: How To Become Rich From It by FriendsAndFans(m): 3:03pm On Apr 24, 2023
FromTopToBottom:
...in a same 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.

havent really read a well-thought out and intelligent post as yours in a while

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Re: Fuel Subsidy Removal: How To Become Rich From It by soil4soil(m): 6:29pm On Apr 24, 2023
Go Biogas.

To power your generator
To cook as cooking gas

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Re: Fuel Subsidy Removal: How To Become Rich From It by leanonme82: 6:57pm On Apr 24, 2023
Buy bicycles now. The prices of bicyicles will go up.

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Re: Fuel Subsidy Removal: How To Become Rich From It by manutdrichie(m): 6:59pm On Apr 24, 2023
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?

Its not late bro, oil will go as high as 35k after subsidy removal

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Re: Fuel Subsidy Removal: How To Become Rich From It by Fearjah: 8:55pm On Apr 24, 2023
FromTopToBottom:


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...

Great Analysis.

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Re: Fuel Subsidy Removal: How To Become Rich From It by prophetfire: 11:09am On Apr 25, 2023
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
I believe you are attending one of those pseudo churches called pentecostal church where they feed you with motivational speech in order to collect the little you have.
Re: Fuel Subsidy Removal: How To Become Rich From It by Fearjah: 9:05am On Apr 26, 2023
prophetfire:
I believe you are attending one of those pseudo churches called pentecostal church where they feed you with motivational speech in order to collect the little you have.

Prophetfire Wetin concern this topic and religion.

Please share business ideas that we can implement before subsidy removal if you have any.

Thanks

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Re: Fuel Subsidy Removal: How To Become Rich From It by prophetfire: 11:42am On Apr 26, 2023
Fearjah:


Prophetfire Wetin concern this topic and religion.

Please share business ideas that we can implement before subsidy removal if you have any.

Thanks
There tell you that you don't need economic reality but just to believe.
You are trying to talk people away from economic realities of subsidy removal by looking at elusive ways of being rich within the subsidy.
That's what most of them teach. Exploitation to make personal money instead of solving problems wholisticaly for the benefit of society.
That's the mindset that keep our society backwards and undeveloped. Why? Because instead of tackling the issue at the root, we try to look for ways of exploiting societal challenge to make money.
Re: Fuel Subsidy Removal: How To Become Rich From It by Djoel: 12:13pm On Apr 26, 2023
prophetfire:
There tell you that you don't need economic reality but just to believe.
You are trying to talk people away from economic realities of subsidy removal by looking at elusive ways of being rich within the subsidy.
That's what most of them teach. Exploitation to make personal money instead of solving problems wholisticaly for the benefit of society.
That's the mindset that keep our society backwards and undeveloped. Why? Because instead of tackling the issue at the root, we try to look for ways of exploiting societal challenge to make money.

You sound so confused.
The definition of money is the reward for solving problems. Even philanthropists are people who made crazy and sometimes monopolistic money from solving people's problems, and later decided to give back to the system/society.

So leave this guy alone, he is inspiring people with ideas that will save lives.

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Re: Fuel Subsidy Removal: How To Become Rich From It by olaztek(m): 7:08am On Apr 27, 2023
This is the best time TO GO into SOLAR business

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