Ofunaofu:


What did you explain

Go back and read your comments, then you will agree with me that the mental capacity to comprehend and engage in meaningful discuss

You no get sense boy

Ofunaofu:


What you should first ask is since subsidy was removed from diesel, kerosene and gas yesterday, have you enjoyed your today and tomorrow. Are they cheaper.

Nah your ignorant comment b dz

The money we suppose go dey use dey enjoy today is been spent on subsidizing petrol. Government is spending billions of dollars on Fuel Subsidy

Buhari was borrowing to pay for Subsidy

We can't continue like that

The Fuel Subsidy was suppose to be remove in 2021 after Buhari signed the PIB into law. The PIB do not recognize anything called subsidy.

The Government of Asiwaju will not borrow to pay for subsidy, if you and LP/NLC are not happy, apply for license and start importing fuel. You can decide to start selling it for #5, is your choice

As for the Asiwaju led administration, Subsidy ends with the Buhari Administration.

rayblast:
D babalawo wey do ds tinubu job ehn, na confirm.D way people quickly accepted ds subsdy mata shock mi o

No be small thing oooo.!!!

I noticed that this Government seems to have Employed some Social media guys that have sold out their conscience just to earn stipends.
Have you guys ever wondered how cleaners,gatemen and other low income earners will survive with the 300% increase in Transportation?
No matter what you do know that Karma and GOD is watching

xtravanganza:

That's my point. Why not removing the subsidy either gradually or providing solutions to the effect before removal.

There's nothing like gradual removal. Total removal is the best. It's called shock therapy. It works far better than the gradualistic type.

The gradualistic approach is what the government has been using for years and got the nation nowhere.

Now, smuggling of petrol across the border has ended.

Providing solutions is simply a delay tactic and it would involve spending billions of Naira, money which the government does not have.

The people will cope. Those that will suffer the most are the car owners, especially the jeep owners.

Ha lies joor. Which civil servant?

grandstar:


There's nothing like gradual removal. Total removal is the best. It's called shock therapy. It works far better than the gradualistic type.

The gradualistic approach is what the government has been using for years and got the nation nowhere.

Now, smuggling of petrol across the border has ended.

Providing solutions is simply a delay tactic and it would involve spending billions of Naira, money which the government does not have.

The people will cope. Those that will suffer the most are the car owners, especially the jeep owners.

Just imagine " those that will suffer" typical nairalander. Do you know how subsidy was removed in Power sector (electricity).

amanda2013:
LoL. I have started my own strike since last week. I can't come and kill myself. You are removing subsidy without putting some incentives in place to cushion the effects. They are not even talking about reducing the cost of governance because that one will affect them. They are busy looking for more money to loot.

Where is the $800 million first package for subsidy cushion collected from the world bank in March 2023?

It seems you people undermined the signing into law of the PIB Act?

Parachoko:
There's no sane reason to go on strike by the NLC

Subsidizing petrol became illegal after Buhari signed the PIB in 2021.

Government subsidizing petrol is illegal

Absolute Majority Of Nigerians have choosen to suffer today and enjoy tomorrow.

Joe and Pandora will fail Gidigba

And it is your tears that will be shed in due course

grandstar:


There's nothing like gradual removal. Total removal is the best. It's called shock therapy. It works far better than the gradualistic type.

The gradualistic approach is what the government has been using for years and got the nation nowhere.

Now, smuggling of petrol across the border has ended.

Providing solutions is simply a delay tactic and it would involve spending billions of Naira, money which the government does not have.

The people will cope. Those that will suffer the most are the car owners, especially the jeep owners.

The highlighted statements show you're as deluded or detached from reality as the crooks in leadership positions. What some of you deserve is the masses lynching you and your families. Maybe then you'll have sense.

One labourer managing life as a factory worker somewhere was earning N2000 a day and spending N500 to work daily. This was bad enough already. Now he spends N1200 a day on transport alone without any increase in his N2k a day wage, and his feeding and other costs have also doubled. These are the people who are the majority of Nigeria's population. These are the worst affected people. Yet because you live in the cloud, you're worried about smugglers and Jeep owners.

Receive sense.

McStoic:


And it is your tears that will be shed in due course

My comment made you cry bitterly

sapele914:
Where is the $800 million first package for subsidy cushion collected from the world bank in March 2023?

It seems you people undermined the signing into law of the PIB Act?

Ask APC that question not the person you quoted

Confirmedzombie:


You are not a civil servant. Effevt January 2023 civil servants are paid a pervuliar allowances

This 40% of there monthly salary. The pervuliar allowances is to assist them cope with transportation.

I bet you all civil servants will boycott this strike

This is the problem I have with you lot. You lie and generalize a lot. You have sat down in the comfort of your home to conclude that all civil servants will boycott the strike. Let me burst your bubble. Irrespective of the lies you just read that was politically motived, civil servants are gearing up for the strike.

hedonido:


The highlighted statements show you're as deluded or detached from reality as the crooks in leadership positions. What some of you deserve is the masses lynching you and your families. Maybe then you'll have sense.

One labourer managing life as a factory worker somewhere was earning N2000 a day and spending N500 to work daily. This was bad enough already. Now he spends N1200 a day on transport alone without any increase in his N2k a day wage, and his feeding and other costs have also doubled. These are the people who are the majority of Nigeria's population. These are the worst affected people. Yet because you live in the cloud, you're worried about smugglers and Jeep owners.

Receive sense.

Throw away your emotions and face the brutal reality. I can't afford to buy petrol for my generator. If NEPA hadn't brought light, I would have slept in heat and mosquitoes. There's an inspection I need to go for at Lekki side and I have pushed it aside for now because it would cost me about 8k to and fro.

The country this year will spend over $10bn subsidizing petrol This is money it does not have.

Buhari left the coffers empty. The entire government revenue goes towards budget debt servicing, part of that debt created by the large sums expended on fuel subsidies.

You think that subsidy does not affect you? Think again!

Such spending puts pressure on the value on the Naira, making it lose value. Tomorrow, when the Naira drops to N1,200, you start cursing.
government. Also, every dime expended on the subsidy is deducted from the monthly allocations sent to the federal, state and local governments.

You condemn Jonathan for not leaving much in the foreign reserve but part of that dollars used was to fund subsidized petrol, That is the blunt truth. OBJ had no time for such nonsense. Since he wasn't allowed to remove petrol subsidy, he simply regularly starved the nation of petrol which enabled his government save $20bn and left foreign reserves of $60bn.

Rather, it is better to ask if there are ways government can assist the poor or even people in general.

Ofunaofu:


If subsidy is gone, what is the government doing to ameliorate it's effect on the masses

there's nothing the government can do! What did the government do when the subsidy on kerosene, diesel and gas was removed? Nothing.you guys always claim Ghana, Benin and Togo are far better than Nigeria. If people in those countries can live without subsidy on PMS, why can't people in Nigeria? We love being spoonfed! Let's face our realities once and for all. Or is it when government bankrupt that we will have sense. Nothing the FG can do that will ameliorate the sufferings of 200million people, so forget that thought.

grandstar:


There's nothing like gradual removal. Total removal is the best. It's called shock therapy. It works far better than the gradualistic type.

The gradualistic approach is what the government has been using for years and got the nation nowhere.

Now, smuggling of petrol across the border has ended.

Providing solutions is simply a delay tactic and it would involve spending billions of Naira, money which the government does not have.

The people will cope. Those that will suffer the most are the car owners, especially the jeep owners.

You are denying the logicality of gradual removal as well as its effectiveness in assuring the people. What happened with subsidy removal of petrol, diesel and kerosene was in fact gradual in the sense that the are substitute products for engines (gen sets and vehicles). The govt failed in providing palliatives that can mitigate a quarter the anticipated effects and that's why petrol was hastily removed by Tinubu. He knew he wouldn't deliver any reasonable palliative and so resorted to one time removal while promising palliatives.

Expect same fate to befall education and forex subsidy as this is what our lenders are targeting next.

Tinubu's media boys should rest, the guyman, tinubu can't spin anything new, if it looks like a scam, smell like a scam, walks like a scam, speaks like a scam, and the executor is a well known scammer with dubious background, fake non existent primary school, fake claims on secondary school attended, with no known classmates, obtaining fake certificate, which he used to become Lagos governor, to be president he campaigned with fake bishops endorsement, fake building of Lagos achievement, and claiming jakande's achievement, fake financier of fake labour chairman, fake company accountant, living 200 times above his purported salary, then Nigerians run, cause this his subsidy removal is also a scam, no man learns how to use left hand at old age, scam took him to presidency, and you expect him to abandon scam, all of a sudden.

xtravanganza:

Just imagine " those that will suffer" typical nairalander. Do you know how subsidy was removed in Power sector (electricity).

You are mixing emotions with hard facts. They don't mix.

There is a differential between the removal of subsidy and price deregulation. You are confusing the two.

If the subsidy has simply been removed, that simply means the government is no longer making a loss on the product it is selling.

So, let's say a derrica of Gari was going N500 and government was selling it for 400. That implies a subsidy of N100. Now, if the government increases the price to 500 , the subsidy would be gone.

But what if the price of Gari rises to 600?Government would have to subsidize it by N100. The government has now reintroduced the subsidy due to an increase in price.

Yjat is why economist prefer price deregulation over subsidy. So, not just ending subsidies, but allowing suppliers decide at whatever price they want to sell. Government is taking its hands of pricing.the product and its no more providing any form of subsidy.

For the power sector, price deregulation is what's necessary and not just subsidy removal. Government needs to fully deregulate the prices and allow Discos sell their electricity at a price that not only ensures they recover costs but make a profit.