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Nairaland Forum / Nairaland / General / Politics / Can Subsidy Removal Supporters On Nl Educate Us On The Benefits? (1158 Views)
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Re: Can Subsidy Removal Supporters On Nl Educate Us On The Benefits? by EminenceTopfarm(m): 7:00am On Jun 02, 2023 |
richidinho:. Nice one |
Re: Can Subsidy Removal Supporters On Nl Educate Us On The Benefits? by Nobody: 4:54pm On Jun 02, 2023 |
@OP. Get a life. Loser. 1 Like |
Re: Can Subsidy Removal Supporters On Nl Educate Us On The Benefits? by fineboynl(m): 5:19pm On Jun 02, 2023 |
ednut1:the house of senate and rep allowance should be taking away if Nigeria is really that broke. The presidental allowance should also be taking away. Cut down on all useless ministries is Nigeria is broke. Kill the corruption in fuel subsidy not Nigeria. There is no problem wirh removing subsidy but pay minimum wage 100k, provide 20hours electricity. 2 Likes |
Re: Can Subsidy Removal Supporters On Nl Educate Us On The Benefits? by Saintinoo(m): 6:16pm On Jun 02, 2023 |
Vinnie2000: Fuel subsidy removal is good for an economy, but not for our type of economy. Nigeria is very corrupt and underdeveloped. Before removing subsidy on petrol, there are economic structures which should have been put in place, coupled with finding alternative to subsidy removal, and the best alternative is refineries, see I mentioned REFINERIES and not refinery. We must have refineries not one, not two. Then, government must priorities economic growth, this will increase investment, production, reduce cost of commodities and create employment, only this can caution the effect of subsidy removal. Don't listen to them when they talk about making transport available, how many Nigerians will benefit, or giving 5k to poorest Nigerians, the same ignorant mistake Buhari govt made that made inflation go up. Yes, the only benefit of subsidy removal is that those billions would be used for other projects, like developing the health and education sector, build infrastructure to drive development, but I ask, have there been allocation for that in the budgets and what did they do with it. I say this and will keep saying it, unless we can get governance right, that mean getting a president who will manage our resources well and use them for the betterment of the people then let subsidy remain. 1 Like |
Re: Can Subsidy Removal Supporters On Nl Educate Us On The Benefits? by Quintopia: 6:32pm On Jun 02, 2023 |
Are you people aware that the ENTIRE 10 billion dollars a year paid on subsidies is BORROWED? The govt was borrowing 1 billion dollars a month to pay subsidy! Some are here foolishly saying the govt will “squander the funds saved from subsidy removal”. There are no such funds! All that will happen is that they will stop having to borrow a billion dollars a month to pay subsidy! 1 Like |
Re: Can Subsidy Removal Supporters On Nl Educate Us On The Benefits? by Ofemannnu: 6:34pm On Jun 02, 2023 |
Vinnie2000: Here are five benefits of fuel subsidy removal: 1. Fuel subsidy removal, according to experts, would free up resources for other sectors of the economy. 2. The government spends a significant portion of its budget on fuel subsidies, which could be better spent on education, healthcare, infrastructure development, amongst other key sectors. 3. Establishments of domestic refineries to produce more petroleum products, reducing Nigeria’s dependence on imported fuel. 4. Availability of domestic refineries will boost the country’s economy 5. Massive creation of jobs for Nigerians. 1 Like |
Re: Can Subsidy Removal Supporters On Nl Educate Us On The Benefits? by sunboy(m): 6:35pm On Jun 02, 2023 |
emmysmith13: Lol, meant African countries are surviving on our subsidized gas to survive, now it’s worse for them be careful where you run to lol and it’s not finished for the country, maybe just for you Abeg 1 Like |
Re: Can Subsidy Removal Supporters On Nl Educate Us On The Benefits? by Vinnie2000(m): 8:03am On Jun 03, 2023 |
Ofemannnu: In this APC Govt, that has given Dangote Monopoly over our Petroleum sector? 😏 Ur Imaginations/Expectations/Self Delusions are so WILD, Bro. 😄 |
Re: Can Subsidy Removal Supporters On Nl Educate Us On The Benefits? by HIGHESTPOPORI(m): 8:09am On Jun 03, 2023 |
Ofemannnu:So you actually believe Govt will do all these, same people that have looted all the money in the past 1 Like |
Re: Can Subsidy Removal Supporters On Nl Educate Us On The Benefits? by DanAugust2021: 8:37am On Jun 03, 2023 |
mrvitalis: |
Re: Can Subsidy Removal Supporters On Nl Educate Us On The Benefits? by Closedmouthed: 9:35am On Jun 03, 2023 |
_*Petrol price comparison in naira using CBN exchange rate:*_ _*Spain = 246.9 Naira per litre.*_ _*USA = 403.3 Naira per litre.*_ _*UK = 330.6 Naira per litre.*_ _*Germany = 330.6 Naira per litre.*_ _*France = 335.7 Naira per litre.*_ _*Nigeria = 500 to 600 Naira per litre.*_ _*Minimum wage comparison using CBN exchange rate:*_ _*Spain = 535,559 Naira per month.*_ _*USA = 535,340 Naira per month.*_ _*UK = 955,876 Naira per month.*_ _*Germany = 947,618 Naira per month.*_ _*France = 866,241 Naira per month.*_ _*Nigeria = 30,000 Naira per month*_ _*So, when next somebody tells you that fuel subsidy is not sustainable, ask him/her what the minimum wage of a Nigerian civil servant is?*_ _*Until the issue is addressed, average Nigerians will dearly suffer the adverse effects of this hasty fuel subsidy removal without any measures to cushion the untoward effects.*_ 1 Like |
Re: Can Subsidy Removal Supporters On Nl Educate Us On The Benefits? by Vinnie2000(m): 9:50am On Jun 03, 2023 |
HIGHESTPOPORI: The Guy Matter Shock and Tire me. 😒 This APC Govt will build new Domestic Refineries Indeed...😏 When All of them are Thinking of being Shareholders in Dangote's Refinery. 1 Like |
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