The outspoken former Central Bank Governor said this at an event during the campaign in the presence of Tinubu:

"And to my friend Asiwaju, if you win and you continue with petroleum subsidy payment and disparity in official and black market rate of dollars, you will have to deal with me. You should know this because you and i will be fighting"

Watch:

https://www.youtube.com/watch?v=J0CLjvPtXhE

The Ex Emir of Kano has been a stauch advocate for the removal of subsidy payments over the years, advocating for this throughout Buharis 8 years Presidency. When he was the CBN governor under President Jonathan he made a strong argument against it here:


https://www.youtube.com/watch?v=mnVsbkUkwAg

Lalasticlala mynd44 dominique

Lets see how this turn out to be. Hopefully it'll be for the betterment of all

Sanusi and Soludo knows so much and they are against subsidy scam

He made this statement before the election.
Those benefiting from forex and subsidy scams will fight o!
I believe that the president should make a broadcast explaining to the ordinary Nigerians in simple why these two scams must go.

My mind is just telling me that, the government have not been sucidising any fuel. Is a scam!

Gmark26:
My mind is just telling me that, the government have not been sucidising any fuel. Is a scam!

Finally someone said it all,there's absolutely nothing like fuel subsidy

Y'all should stop falling for these bullshit we can't continue like this

This is how to remove subsidy, he copy the answer from Obi but did not know the methodology

Gmark26:
My mind is just telling me that, the government have not been sucidising any fuel. Is a scam!

Another confirmation that education is not a scam, imagine!!

Fight with who? You want to kill sombori nay

Subsidy is massive corruption and syphoning channel, it must not remain but drastic measures should be put in place so that marketers don't rip people off.

Let's see it's potential

Gmark26:
My mind is just telling me that, the government have not been sucidising any fuel. Is a scam!

U are a very ignorant. Go get ur tuition back if u ever attended a university.

Gmark26:
My mind is just telling me that, the government have not been sucidising any fuel. Is a scam!

Lol you people just come online to talk jargons have you done your research or na ur mind help u du the research.....


How much is fuel at the international market and the neighboring countries....


If there's no subsidy the neighboring countries won't prefer our Petrol cos of the cheapness....

savcy:
Subsidy is the least of our worries in comparison to fx arbitrage. The latter is the real monster, and it will fight back dirty. People sit in their homes an use bank connections to make millions daily, and you just want to take that away? If Tinubu successfully unifies both fx windows, I will be his supporter till his tenure elapses. Curbing fx arbitrage would lead to a massive boost in investments. People who have money won't be looking to make cheap profit from off the exchange market any longer. They'd look for ways to either put them in the banks or invest in real sectors of the economy. These are things I expected Buhari to do, and he failed woefully.

While I won't go as far as saying subsidy is the least of our worries, if he can unify the exchange rate then I will know that he means business and like you I will be one of his supporters

Fuel subsidy must go in June.

Mr Sanusi did not say the government should merge the official and black market rates.

The government can't merge official and black market rates. It's not possible since the government has no direct control over the black market.

People don't appear to understand that the government operates 2 official rates. Those are the ones the new govt can and will merge. The rates will be merged and the naira will be devalued during the next few months so that the official rate will be around N670 - N700.

Black market will still exist, but if we are able to grow the economy and our foreign reserve significantly, the difference between the official and black market rates will reduce to N10 or less.

leanonme82:
The outspoken former Central Bank Governor said this at an event during the campaign in the presence of Tinubu:

"And to my friend Asiwaju, if you win and you continue with petroleum subsidy payment and disparity in official and black market rate of dollars, you will have to deal with me. You should know this because you and i will be fighting"

Watch:




https://www.youtube.com/watch?v=J0CLjvPtXhE

The Ex Emir of Kano has been a stauch advocate for the removal of subsidy payments over the years, advocating for this throughout Buharis 8 years Presidency. When he was the CBN governor under President Jonathan he made a strong argument against it here:


https://www.youtube.com/watch?v=mnVsbkUkwAg

Lalasticlala mynd44 dominique

The question is where is the proceeds for subsidy removal for Diesel and kerosene?.

savcy:
Subsidy is the least of our worries in comparison to fx arbitrage. The latter is the real monster, and it will fight back dirty. People sit in their homes an use bank connections to make millions daily, and you just want to take that away? If Tinubu successfully unifies both fx windows, I will be his supporter till his tenure elapses. Curbing fx arbitrage would lead to a massive boost in investments. People who have money won't be looking to make cheap profit from off the exchange market any longer. They'd look for ways to either put them in the banks or invest in real sectors of the economy. These are things I expected Buhari to do, and he failed woefully.

One thing I will give to Tinubu is that he's a go getter. Once he sets his mind to do something, he'll get it DONE!

These FX arbitrage benefactors should start looking for another way to earn.

Enough is enough!

DeLaRue:
Fuel subsidy must go in June.

The government can't merge official and black market rates. It's not possible since the government has no direct control over the black market.

People don't appear to understand that the government operates 2 official rates. Those are the ones the new govt can and will merge. The rates will be merged and the naira will be devalued during the next few months so that the official rate will be around N670 - N700.

Black market will still exist, but if we are able to grow the economy and our foreign reserve significantly, the difference between the official and black market rates will reduce to N10 or less.

You mean the spread between the rates should be give or take, N10?

Okoroawusa:
He made this statement before the election.
Those benefiting from forex and subsidy scams will fight o!

I believe that the president should make a broadcast explaining to the ordinary Nigerians in simple why these two scams must go.

Exactly. That’s the benefit of having a change management plan in place for such an impactful issue as subsidy removal.

In such a plan, stakeholders would be identified, mapped and provided with relevant information at the least about the transition, what it entails and expectations from the change. That would make the transition a lot smoother.

DeLaRue:
Fuel subsidy must go in June.

Mr Sanusi did not say the government should merge the official and black market rates.

The government can't merge official and black market rates. It's not possible since the government has no direct control over the black market.

People don't appear to understand that the government operates 2 official rates. Those are the ones the new govt can and will merge. The rates will be merged and the naira will be devalued during the next few months so that the official rate will be around N670 - N700.

Black market will still exist, but if we are able to grow the economy and our foreign reserve significantly, the difference between the official and black market rates will reduce to N10 or less.

What are the figures of the two official rates the government operates, sir?

Prince Otu Appeal To Oil Marketers In Cross River State
https://www.youtube.com/watch?v=nwFGCwikuLE #fuelsubsidy

nisai:
What are the figures of the two official rates the government operates, sir?

savcy:
Subsidy is the least of our worries in comparison to fx arbitrage. The latter is the real monster, and it will fight back dirty. People sit in their homes an use bank connections to make millions daily, and you just want to take that away? If Tinubu successfully unifies both fx windows, I will be his supporter till his tenure elapses. Curbing fx arbitrage would lead to a massive boost in investments. People who have money won't be looking to make cheap profit from off the exchange market any longer. They'd look for ways to either put them in the banks or invest in real sectors of the economy. These are things I expected Buhari to do, and he failed woefully.

Well said brilliantly.
I am 100% of the same opinion you expressed. If Tinubu can do these two things I will stan him anywhere and declear to all fellow Obidients that he is indeed the Messiah we awaited

DeLaRue:
Fuel subsidy must go in June.

Mr Sanusi did not say the government should merge the official and black market rates.

The government can't merge official and black market rates. It's not possible since the government has no direct control over the black market.

People don't appear to understand that the government operates 2 official rates. Those are the ones the new govt can and will merge. The rates will be merged and the naira will be devalued during the next few months so that the official rate will be around N670 - N700.

Black market will still exist, but if we are able to grow the economy and our foreign reserve significantly, the difference between the official and black market rates will reduce to N10 or less.

Is it possible for the black market rate to fall to around the official rate

DeLaRue:
Fuel subsidy must go in June.

Mr Sanusi did not say the government should merge the official and black market rates.

The government can't merge official and black market rates. It's not possible since the government has no direct control over the black market.

People don't appear to understand that the government operates 2 official rates. Those are the ones the new govt can and will merge. The rates will be merged and the naira will be devalued during the next few months so that the official rate will be around N670 - N700.

Black market will still exist, but if we are able to grow the economy and our foreign reserve significantly, the difference between the official and black market rates will reduce to N10 or less.

The two official rates have now been merged.