Flets:
All tinubu has done is to set up Nigerian masses for absolute and perpetual suffering.

Why the urge to quickly float the naira without plans? Do we have sufficient USD to flood the market and meet the FX demands in the near term? If people cannot walk into the bank and buy USD without filling forms A, M etc.... its only little time before USD exchanges for 1000 naira

On fuel subsidy, Why should the masses bear the responsibility of the inefficiency of the FG?,

why can’t the FG protect the boarders to ensure subsidized PMS does not get to neighboring countries?

Why has the FG not prosecuted and jailed anyone involved in the subsidy fraud to stop others from doing so?,

The claim that subsisdy is a burden is fallacy cos the subsidizing the actual consumption of less than 10million liters per day is not a burden compared to the FG’s current fraudulent claim of 66million liters per day. Why not a gradual removal of the subsidy?

Where is the savings from Diesel and kerosene subsidy and what has it been used for?

The student loan bill is a plot by the Tinubu led FG t to stop funding tertiary education in Nigeria leading to the end all education subsidy. Who do you think are the final beneficiaries of these moves, same criminals who will end up looting the funds meant to fund the tertiary education.

What exactly is the role of the Nigerian FG if they relinquish every responsibility to the masses? What sacrifice has the political class made in all these mess? Have their allowances being reduced? Any efforts at stopping the lootings?

All Tinubu has done is to transfer responsibilities to the already suffering Nigerian Masses to ensure there is enough for him and his goons that supported him into office

Online prof... Epele

KingOfIsoko1:
Nothing to applaud here,

It’s simple economics

Yea it's simple economics but why are other leaders looking away ....it takes someone who has balls and political capital to do those two major things!

CondenseMilk:
what's this man saying sef?

You removed subsidy and still importing fuel !

build refineries simple!

Which economist told you that is necessary to build refineries before removing fuel subsidies?

None! Charles Soludo, Lamido Sanusi and Pat Utomi have all supported fuel subsidy removal without building refineries. It would cost $10bn by the government to build refineries.

If subsidies aren't removed and price deregulated, no bank will lend you $2bn to build a 100,000 bpd refinery in the first place!

Dangote and Bua could easily borrow billions as they could use their huge profits from their cement plants as collateral.

The only reason why people want refineries built first rest on the myth that if petrol is locally produced, it will be very cheap. Meles Kyari called it a myth.

tooth4tooth:
Wonder shall never end . Even Olisa Agbakoba has seen the light.

He have see the light the light of Tinubu he has the light ooo ewo ewo

KingOfIsoko1:
Nothing to applaud here,

It’s simple economics

People like u are the wicked witches in ur village

Flets:
All tinubu has done is to set up Nigerian masses for absolute and perpetual suffering.

Why the urge to quickly float the naira without plans? Do we have sufficient USD to flood the market and meet the FX demands in the near term? If people cannot walk into the bank and buy USD without filling forms A, M etc.... its only little time before USD exchanges for 1000 naira

On fuel subsidy, Why should the masses bear the responsibility of the inefficiency of the FG?,

why can’t the FG protect the boarders to ensure subsidized PMS does not get to neighboring countries?

Why has the FG not prosecuted and jailed anyone involved in the subsidy fraud to stop others from doing so?,

The claim that subsisdy is a burden is fallacy cos the subsidizing the actual consumption of less than 10million liters per day is not a burden compared to the FG’s current fraudulent claim of 66million liters per day. Why not a gradual removal of the subsidy?

Where is the savings from Diesel and kerosene subsidy and what has it been used for?

The student loan bill is a plot by the Tinubu led FG t to stop funding tertiary education in Nigeria leading to the end all education subsidy. Who do you think are the final beneficiaries of these moves, same criminals who will end up looting the funds meant to fund the tertiary education.

What exactly is the role of the Nigerian FG if they relinquish every responsibility to the masses? What sacrifice has the political class made in all these mess? Have their allowances being reduced? Any efforts at stopping the lootings?

All Tinubu has done is to transfer responsibilities to the already suffering Nigerian Masses to ensure there is enough for him and his goons that supported him into office

Well, you have said nothing

Flets:
All tinubu has done is to set up Nigerian masses for absolute and perpetual suffering.

Why the urge to quickly float the naira without plans? Do we have sufficient USD to flood the market and meet the FX demands in the near term? If people cannot walk into the bank and buy USD without filling forms A, M etc.... its only little time before USD exchanges for 1000 naira

On fuel subsidy, Why should the masses bear the responsibility of the inefficiency of the FG?,

why can’t the FG protect the boarders to ensure subsidized PMS does not get to neighboring countries?

Why has the FG not prosecuted and jailed anyone involved in the subsidy fraud to stop others from doing so?,

The claim that subsisdy is a burden is fallacy cos the subsidizing the actual consumption of less than 10million liters per day is not a burden compared to the FG’s current fraudulent claim of 66million liters per day. Why not a gradual removal of the subsidy?

Where is the savings from Diesel and kerosene subsidy and what has it been used for?

The student loan bill is a plot by the Tinubu led FG t to stop funding tertiary education in Nigeria leading to the end all education subsidy. Who do you think are the final beneficiaries of these moves, same criminals who will end up looting the funds meant to fund the tertiary education.

What exactly is the role of the Nigerian FG if they relinquish every responsibility to the masses? What sacrifice has the political class made in all these mess? Have their allowances being reduced? Any efforts at stopping the lootings?

All Tinubu has done is to transfer responsibilities to the already suffering Nigerian Masses to ensure there is enough for him and his goons that supported him into office

is it usd that we should float in nigeria?
Una Dey even know wetin una Dey talk?

KingOfIsoko1:
Nothing to applaud here,

It’s simple economics

Wereh do you know economics, even Obidients with functioning brains are beginning to love Tinubu, what we want is a better Nigeria in respective of who is there

KingOfIsoko1:
Nothing to applaud here,

It’s simple economics

Sorry bro I can feel your pain

KingOfIsoko1:
Nothing to applaud here,

It’s simple economics

As simple as it is ,why your former leaders no remove am ,yeyenatu son of hate

KingOfIsoko1:
Nothing to applaud here,

It’s simple economics

Simple economics but Emefiele couldn't do that for years.

Even some obidents are already seeing the light.

tooth4tooth:
Wonder shall never end . Even Olisa Agbakoba has seen the light.

Everybody is abandoning the 3rd class dullard and failure Peter Obi.

DodadaKoKigbe:
Everybody is abandoning the 3rd class dullard and failure Peter Obi.

Obidients are not:
"For better for stay. . .
For worse for go. . ."

On Peter Obi's mandate we stand. . .
Peter Obi is my own President and he will get his stolen mandate back.

deeva2:


South South has produced President, Vice President, Senate Minority Leader, deputy senate President and now senate President.

South East has produced Elu Pee, and online/Twitter president.

He deceived his people and destroyed their stake both in PDP and APC.

SE have produced the longest serving Deputy Senate President the criminal known as Ekweremadu who served for 12 years and a disproportionate number of Senate presidents between 1999 -2011

RawSex:
With the way things are going, I'm Afraid nigerians may beg Tinubu for a third term

The real change is here!

JAGABAN!!!

Abi nah, just like the Mandela era in Southy🤓🤓

Confirmedzombie:
Im shocked Peter Obi has not applauded the wonderful move.

Indeed Peter obi is a bitter soul and an enemy of state.

This is a man that wants to rule Nigeria yet very bitter.

Obi is a disgrace to humanity

Do you think Obi understands all these things that Jagaban is doing?

Somebody that does not know green energy and is not smart enough to save the day!

CondenseMilk:
what's this man saying sef?

You removed subsidy and still importing fuel !

build refineries simple!

You can see why you'll not be able to win ordinary class prefect in the 21st century because of the content of your medulla oblongata. The world is moving away from petrol. Everybody has been talking about CNG in the last one week, vehicles may soon start running on CNG in Nigeria which will be way very cheap. People are thinking beyond PETROL.

KingOfIsoko1:
Nothing to applaud here,

It’s simple economics

As simple as it is have they bn using it?

RawSex:
With the way things are going, I'm Afraid nigerians may beg Tinubu for a third term

The real change is here!

JAGABAN!!!

Lol.. I tell you. The man sabi well well.. sound administrator

Flets:
All tinubu has done is to set up Nigerian masses for absolute and perpetual suffering.

Why the urge to quickly float the naira without plans? Do we have sufficient USD to flood the market and meet the FX demands in the near term? If people cannot walk into the bank and buy USD without filling forms A, M etc.... its only little time before USD exchanges for 1000 naira

On fuel subsidy, Why should the masses bear the responsibility of the inefficiency of the FG?,

why can’t the FG protect the boarders to ensure subsidized PMS does not get to neighboring countries?

Why has the FG not prosecuted and jailed anyone involved in the subsidy fraud to stop others from doing so?,

The claim that subsisdy is a burden is fallacy cos the subsidizing the actual consumption of less than 10million liters per day is not a burden compared to the FG’s current fraudulent claim of 66million liters per day. Why not a gradual removal of the subsidy?

Where is the savings from Diesel and kerosene subsidy and what has it been used for?

The student loan bill is a plot by the Tinubu led FG t to stop funding tertiary education in Nigeria leading to the end all education subsidy. Who do you think are the final beneficiaries of these moves, same criminals who will end up looting the funds meant to fund the tertiary education.

What exactly is the role of the Nigerian FG if they relinquish every responsibility to the masses? What sacrifice has the political class made in all these mess? Have their allowances being reduced? Any efforts at stopping the lootings?

All Tinubu has done is to transfer responsibilities to the already suffering Nigerian Masses to ensure there is enough for him and his goons that supported him into office

Just shut up, it is not really about the policy, it is about your hate for Tinubu, unfortunately for you, apart from crying and wailing, their is nothing you can do about it

All the applause. I hope 6 months down the line you guy will be saying same

CondenseMilk:
what's this man saying sef?

You removed subsidy and still importing fuel !

build refineries simple!

oga that's why you are buying a liter at 540.Government no longer has the funds to subsidize so you and I can buy at cheaper rate.

With time there will be competition and price control will set in

There are blatant holes in your arguments

Flets:


All tinubu has done is to set up Nigerian masses for absolute and perpetual suffering

The people are suffering immensely pre-Tinubu. The Naira fell from 216 to 750 to a dollar from 2015-2023 and you recommend not changing them

Flets:


Why the urge to quickly float the naira without plans? Do we have sufficient USD to flood the market and meet the FX demands in the near term? If people cannot walk into the bank and buy USD without filling forms A, M etc.... its only little time before USD exchanges for 1000 naira

A floated currency encourages the influx of Dollars and not the opposite. Massive artificial scarcity of dollars was the order of the day during Buhari's government who did the opposite. That's why you have an old official rate of 461 and black market rate of 750. Nobody was ready to supply forex at the official rate.

It led to artificial scarcity. That's why airlines can't convert over $800m and transfer it. That's why your Naira debit card can't perform online dollar transactions.

Yes, buying from banks is bureaucratic and your point there is valid. There's need to relax the rules. Also , the resumption of Dollar sales to the BDC would be very helpful.

These are still early days.

Flets:

On fuel subsidy, Why should the masses bear the responsibility of the inefficiency of the FG?,

why can’t the FG protect the boarders to ensure subsidized PMS does not get to neighboring countries?

Why has the FG not prosecuted and jailed anyone involved in the subsidy fraud to stop others from doing so?,

The claim that subsisdy is a burden is fallacy cos the subsidizing the actual consumption of less than 10million liters per day is not a burden compared to the FG’s current fraudulent claim of 66million liters per day. Why not a gradual removal of the subsidy?

(The Bible says where's there is no wood, the fire dies out. The subsidy is the problem. Even if it cost $1 to provide the subsidy, it is a blatant waste.

The smuggling of petrol across the borders disappeared overnight. National consumption has gone down

But the greatest damage subsidies did to the economy was it discouraged investment in construction of private refineries as no bank would lend you money to build refineries if the government sells at a subsidized price or fixes the price. I have been involved in sourcing foreign investors for refinery license holders since rhe early 2000s.

The only reason Dangote and Bua were able to receive financing to build their refineries was because of the huge profits from their cement plants were useful collateral.

Flets:

Where is the savings from Diesel and kerosene subsidy and what has it been used for?

Let's assume it would cost the government $10bn to provide this subside, that 7 tr. That means government would borrow 7 trillion, or about 2% of GDP.

The government would have to borrow the money to subsidize diesel and kerosene. That is $10bn or 7 trillion.

The absence of diesel and kerosene subsidies saves the government trillions of Naira and reduces government borrowing by trillions of Naira

If the government had not ended the subsidies years ago, the national debt would be much higher.

Government borrowing crowds out private borrowing
Banks prefer to lend to the government than the private sector.

Also, huge borrowing puts pressure on the Nairra. I won't be surprised if the Naira would have been $1-1,000 by now

Flets:


The student loan bill is a plot by the Tinubu led FG t to stop funding tertiary education in Nigeria leading to the end all education subsidy. Who do you think are the final beneficiaries of these moves, same criminals who will end up looting the funds meant to fund the tertiary education.

(Tertiary education is expensive to provide and universities and polytechnics are poorly funded and that's why the quality of education is poor in many of these educational citadels.

The educational bill provides the funding from student to enable to universities highly improve the quality of education they provide, perhaps many will now be capable of meeting international standards.

In countries where university education is low or free, personal income taxes are very high and tax base is large. Here, hardly anyone pays personal taxes. Quality of education just needs to go up.

Flets:


What exactly is the role of the Nigerian FG if they relinquish every responsibility to the masses? What sacrifice has the political class made in all these mess? Have their allowances being reduced? Any efforts at stopping the lootings?

Nigerias were already sufferings immensely pre-Tinubu, with Nigeria ranked the poverty capital in rhe world despite his left wing or socialist policies you support.

Tinubus policies would lead to fast economic growth and reverse the impoverishment Buhari's 8 years have done to the populace. A better standard of living should be possible.

Flets:

All Tinubu has done is to transfer responsibilities to the already suffering Nigerian Masses to ensure there is enough for him and his goons that supported him into office

The removal of subsidies actually reduces opportunities to loot. With the petrol subsidy gone, smuggling ending.

Ending the multiple exchange and heavily subsidized sale of dollars at 461 and resale at much higher prices would heavily reduce corruption now there would be very little room to make huge profits.

Tinubus policies would lead to massive wealth creation. Wealth creation would create jobs and opportunities for everyone.

Flets:
All tinubu has done is to set up Nigerian masses for absolute and perpetual suffering.

Why the urge to quickly float the naira without plans? Do we have sufficient USD to flood the market and meet the FX demands in the near term? If people cannot walk into the bank and buy USD without filling forms A, M etc.... its only little time before USD exchanges for 1000 naira

On fuel subsidy, Why should the masses bear the responsibility of the inefficiency of the FG?,

why can’t the FG protect the boarders to ensure subsidized PMS does not get to neighboring countries?

Why has the FG not prosecuted and jailed anyone involved in the subsidy fraud to stop others from doing so?,

The claim that subsisdy is a burden is fallacy cos the subsidizing the actual consumption of less than 10million liters per day is not a burden compared to the FG’s current fraudulent claim of 66million liters per day. Why not a gradual removal of the subsidy?

Where is the savings from Diesel and kerosene subsidy and what has it been used for?

The student loan bill is a plot by the Tinubu led FG t to stop funding tertiary education in Nigeria leading to the end all education subsidy. Who do you think are the final beneficiaries of these moves, same criminals who will end up looting the funds meant to fund the tertiary education.

What exactly is the role of the Nigerian FG if they relinquish every responsibility to the masses? What sacrifice has the political class made in all these mess? Have their allowances being reduced? Any efforts at stopping the lootings?

All Tinubu has done is to transfer responsibilities to the already suffering Nigerian Masses to ensure there is enough for him and his goons that supported him into office

Just shut up, abeg!

Flets:
All tinubu has done is to set up Nigerian masses for absolute and perpetual suffering.

Why the urge to quickly float the naira without plans? Do we have sufficient USD to flood the market and meet the FX demands in the near term? If people cannot walk into the bank and buy USD without filling forms A, M etc.... its only little time before USD exchanges for 1000 naira

On fuel subsidy, Why should the masses bear the responsibility of the inefficiency of the FG?,

why can’t the FG protect the boarders to ensure subsidized PMS does not get to neighboring countries?

Why has the FG not prosecuted and jailed anyone involved in the subsidy fraud to stop others from doing so?,

The claim that subsisdy is a burden is fallacy cos the subsidizing the actual consumption of less than 10million liters per day is not a burden compared to the FG’s current fraudulent claim of 66million liters per day. Why not a gradual removal of the subsidy?

Where is the savings from Diesel and kerosene subsidy and what has it been used for?

The student loan bill is a plot by the Tinubu led FG t to stop funding tertiary education in Nigeria leading to the end all education subsidy. Who do you think are the final beneficiaries of these moves, same criminals who will end up looting the funds meant to fund the tertiary education.

What exactly is the role of the Nigerian FG if they relinquish every responsibility to the masses? What sacrifice has the political class made in all these mess? Have their allowances being reduced? Any efforts at stopping the lootings?

All Tinubu has done is to transfer responsibilities to the already suffering Nigerian Masses to ensure there is enough for him and his goons that supported him into office

For you mind you have written something. It's pathetic that some people still like this cheat you wrote. Anyways I don't blame them, a blind man leading a blind man. Mr. you need to go back and study how to govern, governance isn't about pleasing a small group of people but pleasing a large group of people. You are looking at things at the short term. Look into the long term bro. Nigeria remains backward because our former leaders has always wanted to please us. At the long run, we suffer it. A government must be able to stand on his feet. Do you think it's easy to prosecute, do you think it's easy to mann the border against thefts? We are Nigerians, nearly everyone is corrupt including you, your likes are the one on patrol wearing green or black cloth. Everyone is bribable in Nigerian because of affluent for money. How many cases have we been able to prosecute to logical reasoning till date? So, the best way is to cut off the source of the day robbery in which the president is doing. So later, there will be modifications.

Confirmedzombie:
Im shocked Peter Obi has not applauded the wonderful move.

Indeed Peter obi is a bitter soul and an enemy of state.

This is a man that wants to rule Nigeria yet very bitter.

Obi is a disgrace to humanity

You made a point but I think BAT should apologize to GEJ for drawing us back with that Occupy Nigeria protest if he's upright. This subsidy should have been out since and the resulting effect would have bn lesser then.

KingOfIsoko1:
Nothing to applaud here,

It’s simple economics

Not Many People have the Heart nor Righteousness to do it for our Sinking Nation !

Nigeria shall rise again!

johnjose68:


I just dey enjoy your unhappiness

Ahhh, don't mention it Aturu ocha