The prices of major foodstuffs and other essential goods have started rising in response to the hike in the pump price of Premium Motor Spirit, popularly known as petrol, following the announcement by President Bola Tinubu that the era of subsidy on the product is gone.

Tinubu had on Monday during his inaugural speech at the Eagle Square in Abuja said the era of subsidy payment on fuel had ended, adding that with the 2023 budget making no provision for it, further subsidy payment was no longer justifiable.

He added that his administration would instead channel funds into infrastructure and other areas to strengthen the economy.

The presidential pronouncement led to an instant resurgence of fuel queues across the country with Nigerians foraging for the premium product. Though Tinubu’s decision received the backing of the NNPCL and the House of Representatives, it has since been resisted by the NLC and the Trade Union Congress of Nigeria.

According to the organised labour, the President cannot unilaterally take a decision on subsidy removal.

Currently, petrol sells for between N495 and N600 per litre across the nation from N185 to N220 until Monday.

A survey conducted by Sunday PUNCH in various states of the federation on Saturday showed that apart from the increase in transport fares, the prices of foodstuffs, soup ingredients, daily provisions and other essential goods had started rising with expectations of further increment as manufacturers and retailers adjust to the new fuel regime.

Kukutenla:
Kill corruption not nigerians
NNPC should explain how they arrived at their template. It's all a fraud
Say no to subsidy removal

olatade:
If we all love Nigeria, nobody will do anything to distract Tinubu at this critical time.

nairalanda1:


As a businessman, would you allow government to set your prices so that they can 'help the poor'?

Kukutenla:

As a government, is it responsible to allow your citizens to be exploited by a thieving oil cabal?

Parachoko:
Absolute Majority Of Nigerians are ready to suffer today just to enjoy tomorrow


We're not going back to the dark days Petrol was subsidize

nairalanda1:


I take it then that you would allow government to make you sell at a loss to help the poor.

Good luck keeping your business afloat.

Kukutenla:

There is no business being kept afloat.
You can keep repeating your lies, it won't make it true. Mention one, just one marketer who has ever sold fuel at a loss in his filling station.

Meanwhile, you have not answered whether it is responsible for any govt to allow its citizens to be exploited and economically pulverised in the name of subsidy removal.
Hold on... do you even own a business to start with?

nairalanda1:


So you think that governemt should force businesses to operate at a loss to help the poor.

It was tried before in what used to be communist countries. They all collapsed as a result or went free market

Marketers have to sell at a profit because millions of Nigerians who help.bring you the petrol have to make a decent living. Not just the cabals.

It seems you want to deny them that right, Comrade Leader

Kukutenla:

Keep quiet!!
Fuel marketers are selling at a loss according to you yet we have more filling stations than churches and mosques combined in Nigeria with more being built as we speak.

Oga Goebbels, tell me which one you are, businessman or salary earner let's start from there

nairalanda1:


Godwin's law fulfilled

When losing the argument, call someone a Nazi.

The National socialists beleived in some extended state control like you are advocating by the way.

Like i said, profits are made for a reason. People need to be paid. Including lots of poor people like you and moi.

And there were a lot of filling stations that closed too. Plus that is why corruption was rife under subsidy. The losses being made made people commit corrupt acts to make money to keep their heads above water.

Kukutenla:

You just keep mumbling words together. What exactly does communism, Nazi, National socialist have to do with your lies? Why introduce labels if not because you're a propaganda machine?

If you're poor, then one can understand why you're looking to pull more people into your bracket through helping the government to fleece them off their monies through oil cabals.

Which filing stations closed? Do you disagree that we have more functional filling stations all over Nigeria than we have churches and mosques combined? Give me a yes or no not some vague answer.
Corruption is rife under subsidy because Nigerian leaders live, eat and breath Corruption.
Was there subsidy in aviation before the former minister scammed us with Nigeria Air?
Is it subsidy that made a former accountant General swallow 80bn like tom-tom?
Tell your story to the marines

Lanty01:
Labour should just go and sit down

olatade:
If we all love Nigeria, nobody will do anything to distract Tinubu at this critical time.

nairalanda1:


Ok..Comrade Illich.

foleskay:

Una dey mad. When Jonathan tried doing the same in 2012,u lots were shouting crucify him,crucify him. Okan yin o ni bale.

olatade:
If we all love Nigeria, nobody will do anything to distract Tinubu at this critical time.

nairalanda1:


As a businessman, would you allow government to set your prices so that they can 'help the poor'?