i bought fuel this morning #210, on getting home let me refill my tank from same station, they had increased it to #450 i just laughed an drove away. Will go get at nnpc tomorrow.

From the president to all the politicians, the fuel marketers and All APC supporters, e go set for all of una soon.

Tinubu would have shifted the removal till January 2024.

nairalanda1:


Keep quiet about something that has been on the news waves since at least January this year?

The news was clear and loud that subsidy would soon go...for the past several months. Na we Nigerians wey no wan face the truth.

Lol. Una go defend tire. I thought a committee was set up to work out the modalities? You won't admit he was hasty, since a working plan was already in place. I just left the queue now, it's an eye sore. I hope he's prepared for the fallout, this one no be propaganda era again.

SalamRushdie:
This is not a good sign the first reaction to his govt is Fuel scarcity, Nigerians have started suffering from day 1 of Tinubu govt ..This is not a good sign , let's see how the first week goes

Come you advocated and voted for him o...so don't complain

inoki247:
Any filling station that hoard fuel without selling it out there license should be seized.....



Nigerians always trying to take advantage of everything....


Some month back Ghana remove Subsidy no single queue like this or fuel scarcity in derr country buh Nigeria greedy people everywhere....

Who do you think knows the major fuel stations? Who are the law enforcement agencies that will enforce laws against them?! The country has, is and will continue to be at the mercy of God. Since the nation continue to build individuals stronger than the system.

No need for the queues, how much fuel can you store?

SalamRushdie:
This is not a good sign the first reaction to his govt is Fuel scarcity, Nigerians have started suffering from day 1 of Tinubu govt ..This is not a good sign , let's see how the first week goes

Lol, what do you expect from a man that believes that presidency is an appreciation for supporting the past president. Honestly, Nigeria is cursed with bad leaders, I just pity those that have high expectations towards this new regime.

SalamRushdie:
This is not a good sign the first reaction to his govt is Fuel scarcity, Nigerians have started suffering from day 1 of Tinubu govt ..This is not a good sign , let's see how the first week goes

Transportation fare will increase and with it comes increase in prices of goods and inflation.

He should have waited for Dangote refinery to start production.


He started with Buhari method: impulsive decisions.

nairalanda1:


The subsidy removal announcement has been there for months, ever since the past government said that they won't fund the subsidy beyond June.

At the end, Tinubu just confirmed what has been old news. He won't continue the funding.

Oga, you want us to borrow again to fund subsidy? Shey you know that Obi and Atiku too were saying that subsidy has to go in their campaign.?

God knows I hate this new APC government, but on subsidy we got to face the reality, or we keep lying to ourselves at the expense of a growing deficit.

Everyone agrees on the removal of subsidy but the issue is are they measures to ameliorate the sufferings? Don't kid yourself implementation of policy should be as important as the policy hence the naira redesign policy failed. I think there should be govt intervention on various sectors before you removed the subsidy anything other than that will meet the same protest that engulfed naira redesign.

XY23:


Lol. Una go defend tire. I thought a committee was set up to work out the modalities? You won't admit he was hasty, since a working plan was already in place. I just left the queue now, it's an eye sore. I hope he's prepared for the fallout, this one no be propaganda era again.

Okay, let's keep subsidy and the debts and losses that come with it

Firstorderwizard:
Dunno why you guys always view everything from petty tribal bigotry mentality.
FYI BAT is no longer APC Presidential candidate or Yoruba leader, he is Nigeria's President ( unless the courts says otherwise) and answerable to all Nigerians.
How can he announce subsidy removal without first forming a govt for effective monitoring of the implementation ?
Is he not aware that unscrupulous individuals will take advantage of the chaotic situation to impoverish Nigerians as the new govt is not settled ?
Who is his Petroleum Minister?
Which labour minister will negotiate with NLC if a protest should erupt tomorrow?

Emilokan.

Agadinaagwuofe:


Everyone agrees on the removal of subsidy but the issue is are they measures to ameliorate the sufferings? Don't kid yourself implementation of policy should be as important as the policy hence the naira redesign policy failed. I think there should be govt intervention on various sectors before you removed the subsidy anything other than that will meet the same protest that engulfed naira redesign.

We either face reality or we keep lying to ourselves.

Subsidy has to go. Whoever is in charge.

Its gone!! A tout will always be a tout.. Not even aso rock can change that.

nairavsdollars:
#OccupyNigeria 2023

We must protest o! Is it not the same hypocrites who led people against dumb jonah

SalamRushdie:


He should have just kept quiet

I wish I could like your post 5billion times.

The announcement was unnecessary. What else was he expecting if not panic. This will go on and on till dangote comes on fully

Seefinish:
This decision is too hasty. He would have studied the situation first before making any pronouncement. I support fuel subsidy removal

Study what again? Successive governments have been studying the situations and documenting the findings. If he want to get a clearer understanding, he should go the to national archives or where ever they kept those things.

inoki247:
Any filling station that hoard fuel without selling it out there license should be seized.....



Nigerians always trying to take advantage of everything....


Some month back Ghana remove Subsidy no single queue like this or fuel scarcity in derr country buh Nigeria greedy people everywhere....

Yoruba man beating chest as usual

SalamRushdie:
This is not a good sign the first reaction to his govt is Fuel scarcity, Nigerians have started suffering from day 1 of Tinubu govt ..This is not a good sign , let's see how the first week goes

If you observed, that's how the trend goes on every new administration, fuel scarcity, hike in price of commodity, warning strikes from organisations and association, then at the end of it all, we go back to the usuals, but something new then would happen, the prices of things will then be topped up compared to what we were having in previous administration.

If you observed, that's how the trend goes on every new administration, fuel scarcity, hike in price of commodities, warning strikes from organisations and association, then strikes, protests..then at the end of it all, we go back to the usuals, but something new then would happen, the prices of things will then be topped up compared to what we were having in previous administration. That's the circle, it has started again with fuel scarcity, only that this one will be stronger than whatever we have got so far BECAUSE OF THE FUEL SUBSIDY REMOVAL

kingsceemark:


Yoruba man beating chest as usual

The same way Igbos av been beating chest up nd down nd still collecting beating.

nairalanda1:


The subsidy removal announcement has been there for months, ever since the past government said that they won't fund the subsidy beyond June.

At the end, Tinubu just confirmed what has been old news. He won't continue the funding.

Oga, you want us to borrow again to fund subsidy? Shey you know that Obi and Atiku too were saying that subsidy has to go in their campaign.?

God knows I hate this new APC government, but on subsidy we got to face the reality, or we keep lying to ourselves at the expense of a growing deficit.

the subsidy they removed on diesel, where did the money realised go to?.
Imagine going to buy 20 litres of petrol for 15k. This means that the country minimum wage will be able to buy only 40litres of petrol.
If the stupid government passed and present want to remove subsidy, all they need do, is to build refinery or give licence to multinational companies to build refinery.
Automatically importation of fuel will stop.

wildikeman:


Come you advocated and voted for him o...so don't complain

I didn't I voted for Atiku

SalamRushdie:
This is not a good sign the first reaction to his govt is Fuel scarcity, Nigerians have started suffering from day 1 of Tinubu govt ..This is not a good sign , let's see how the first week goes

It is better to suffer it at this early stage and enjoy at the later stage

deavicky:
the subsidy they removed on diesel, where did the money realised go to?.
Imagine going to buy 20 litres of petrol for 15k. This means that the country minimum wage will be able to buy only 40litres of petrol.
If the stupid government passed and present want to remove subsidy, all they need do, is to build refinery or give licence to multinational companies to build refinery.
Automatically importation of fuel will stop.

If you were selling bread that cost you say 1000 naira to bake ar 1500 a loaf, would you support goverment setting the price of your bread at 300 a loaf to help poor people?

Be honest

We told them.
They expect Dangote to sell fuel at ₦250 or even ₦300 naira?
Clowns.
Ideally in a fully deregulated economy and other refineries operational,fuel should be fluctuating between 300-350,but with another Dangote monopoly set to come to play with a product as essential to the economy as water is to the body,expect ₦450-₦500 and when Dangote runs into production hitches,as may happen from time to time,you all should brace up to a point before the next 1 year when fuel would sell for ₦800-₦1000/litre.

nairalanda1:



Well, at the end of the day, it does not make sense to keep on paying for subsidy.

Unless you want us to take more and more loans.

Subsidy must go now, or we would pay for petrol at IMF HQ, at a cost that would surpass anything you ever knew.

We have already taken several meaningless loans that our great grand children will have to pay why not wait until the refinery starts producing to remove the subsidy?

Has our debt in the last 8 years not quadrupled several times over with nothing to show for it?

If the government had even borrowed to completely renovate the 4 refineries in the last 8 years and privatise them or commercialise them would we still be having this subsidy discussion?

We are just barely 2 months from Dangote take off and you abolish subsidy with no safety net for the people. Is that not madness?

Make it make sense.

zedegit:


Transportation fare will increase and with it comes increase in prices of goods and inflation.

He should have waited for Dangote refinery to start production.


He started with Buhari method: impulsive decisions.

You think Dangote intends to sell now? The man is waiting for subsidy to be fully lifted so he can start cashing out... lol

nairalanda1:



If you were selling bread that cost you say 1000 naira to bake ar 1500 a loaf, would you support goverment setting the price of your bread at 300 a loaf to help poor people?

Be honest

you seems not understand why government pay subsidy. But if u do tell me.

obi58:


We have already taken several meaningless loans that our great grand children will have to pay why not wait until the refinery starts producing to remove the subsidy?

Has our debt in the last 8 years not quadrupled several times over with nothing to show for it?

If the government had even borrowed to completely renovate the 4 refineries in the last 8 years and privatise them or commercialise them would we still be having this subsidy discussion?

We are just barely 2 months from Dangote take off and you abolish subsidy with no safety net for the people. Is that not madness?

Make it make sense.

If we keep the subsidy we would end up taking more loans.

Oga don't argue. I hate it that fuel prices will rise.but i also hate the deficits and debts we get from.this subsidy

Either we pay for the subsidy from more taxes or we pay at imf hq.

deavicky:
you seems not understand why government pay subsidy. But if u do tell me.

Answer my question first.

seborrhic:
We told them.
They expect Dangote to sell fuel at ₦250 or even ₦300 naira?
Clowns.
Ideally in a fully deregulated economy and other refineries operational,fuel should be fluctuating between 300-350,but with another Dangote monopoly set to come to play with a product as essential to the economy as water is to the body,expect ₦450-₦500 and when Dangote runs into production hitches,as may happen from time to time,you all should brace up to a point before the next 1 year when fuel would sell for ₦800-₦1000/litre.

Bros we have had this discussion before. There is a reason why the FG through the NNPC has some shareholding in the Dangote refinery project. Costs can be significantly lowered not only by elimination of importation costs but also by the supply of crude to Dangote by the FG in naira instead of dollar.

But will it be done? Your guess is as good as mine. The dangote refinery can ensure cheap fuel to Nigerians or be an avenue for the privileged few who are stakeholders to continue to pillage our national resources and continue to share the national cake depending on the role of government in checking the monopolistic tendencies of Dangote. Yes Dangote may be the largest refinery in Africa but that doesn't foreclose government from tasking all these tank farm owners and fuel importers to set up small scale refineries all over the country. That's when true deregulation will kick in and not cartelization or monopoly that seems to be plan as things stand. If Dangote wants to sell his fuel domestically for N500 and other refineries are selling at N400 he would be forced to either crash his prices to compete or export his fuel to other African countries.

nairalanda1:


If we keep the subsidy we would end up taking more loans.

Oga don't argue. I hate it that fuel prices will rise.but i also hate the deficits and debts we get from.this subsidy

Either we pay for the subsidy from more taxes or we pay at imf hq.

Oga I will keep arguing because already we are already heavily indebted so the IMF arguement doesn't hold water. If government can hurriedly apply for $800m loan few days to handover why can't they borrow to sustain subsidy until Dangote starts supplying domestic fuel?

Is it that there are no economic analysts in government to see what impact this will have on the country?