NaijaCowFarm:
If true, then $ will hit N1,250 by July. Sorry for those still earning Naira

In the long term a unified rate takes the steam out of the round tripping tax, attracts fx and discourages hoarding. If the effective rate of exchange is 1250 then we pay it. Rate is related to reserves. So action will be directed at growth through freeing up infrastructural assets.

Gangster1ms:
Crazy how this was the same fuel subsidy Jonathan wanted to remove that sparked the OccupyNigeria protests…

Today it has been marked for removal by the same person that spearheaded that protest LOL

Reasons why people shouldnt be following opposition anyhow, believing he is fighting for masses, .....they all know what's good or bad but only want to use the opportunity to hijack power.

The same thing goes to Obidients following Obi like blind beggers thinking he is an angel that can turn Nigeria to Paris withing 5 second.

NgeneUkwenu:
Make I quickly go buy fuel now..

Racoon:
Same fuel subsidy they have repeatedly called a fraud and have removed many times? The zombies that hid because of Buhari's 8 years of disastrous government are back again to hail and over hype another disaster

guy, stop this your idea of repeatedly reminding politicians when they were against a policy and are now supporting it.

It reeks of your immaturity about politics.

Even in your life, do you still say I love you to the girl you used to have an affection for before?

Mindsets change, ideologies change, I have also changed.

Please what happens when subsidy is removed??


I need someone to explain to me very well?? please!!!

BreconHills:


In the long term a unified rate takes the steam out of the round tripping tax, attracts fx and discourages hoarding. If the effective rate of exchange is 1250 then we pay it. Rate is related to reserves. So action will be directed at growth through freeing up infrastructural assets.

Don't be annoyed o, but can you explain this in simpler terms?

How many times will fuel subsidy will be removed? During Buhari's campaign Tinubu said that fuel subsidy was a scam. He said it at the freedom park, Ojota.

Racoon:
Same fuel subsidy they have repeatedly called a fraud and have removed many times? The zombies that hid because of Buhari's 8 years of disastrous government are back again to hail and over hype another disaster

Disaster to you alone

aieromon:


Wrong heading....the outgoing PMB administration removed subsidy.



https://thenationonlineng.net/fuel-subsidy-will-end-in-june-fed-govt-insists/

thanks a lot for this

richmond500:
stop saying what you don't know

The thread title has been edited. The original title read "Tinubu removes subsidy" which is incorrect.

NgeneUkwenu:
"The fuel Subsidy is gone. It is unjustifiable.....we shall rechannel the funds to education and healthcare....."

Bola Ahmed Tinubu...




https://leadership.ng/breaking-fuel-subsidy-is-gone-says-tinubu/#:~:text=In%20the%20first%20policy%20directive,the%20wake%20of%20drying%20resources.

per liter will be 450 or 500 naira. Now na the gbege start.

NgeneUkwenu:
Make I quickly go buy fuel now..

Make sure you buy enough that can carry you for good 8 years

aieromon:


The thread title has been edited. The original title read "Tinubu removes subsidy" which is incorrect.

The previous administration did not remove subsidy, they halted it for Tinubu to come and remove it himself

This was a campaign tool used against GEJ.

Dey play,just dey play .

You better relax before you begin misyarn.

SalamRushdie:

You are quickly going to buy fuel for what now ? This is how you people mess up policies

Oga, policies have reactions and consequences.

Filling stations had stopped selling fuel as at yesterday in many places especially Lagos.

It's simple economics.

First disaster of the new president. Set in cushions first before announcing a policy as delicate as this.

Escapist:
Good decision.

At the wrong time.

NgeneUkwenu:
Make I quickly go buy fuel now..

Too late

NgeneUkwenu:
Make I quickly go buy fuel now..

Storage of the fuel could be dangerous.

Fiscus105:
If its me, I will still extend the implementation by at least 3 months.

Firstly, to study it as an insider critically.

Second, for not starting having heavy criticism and attacks by citizens, believing I'm discomforting them. (Not even when Dangote oil will enter market by July.

you said it all boss

Good step

domDva:
A good start.

One thing that Buhari lacked was decisive willpower …with all the military background, there was no decisive decision he could make. Osibanjo was even better as acting president

Lol.. talk is cheap.

Firm and Decisive! The man has still got it! God bless the president, God bless Nigeria!

Amala n Gbegiri economics at its best. We haven't fully digested the effects of Tuwo economics by Buhari and now this.

Dbegining:


Oga, policies have reactions and consequences.

Filling stations had stopped selling fuel as at yesterday in many places especially Lagos.

It's simple economics.

First disaster of the new president. Set in cushions first before announcing a policy as delicate as this.

That is why I said he has started on bad note even before reaching office tomorrow

In as much as I want it REMOVED PAT needs to do these:
1.Make Forex available
2.Our Ports,delays and berthing and clearing of Shops should be fast
3.The Refineries should be made to Work
4.The Criminals in NNPC that over-exxaggerated the litres consumed should be made to refund the stolen common wealth and also jailed
5.Government Ran buses should be made available so that Transporters don't over increase their Transport fare prices
6Lastly the Incompetent NNPC directors should and other Agencies under Ministry of Petroleum should all be Sacked or transferred to Ministry

I concur

Good first step.