ZombiePUNISHER:


Propaganda

Those countries did not lament in 2012 when Jonathan removed it..

lagos Ibadan media at it again this morning

Did you know that the current administration protested against the removal of subsidy ..
called him or sort of unprintable names..

Did you know that the imbeciles supporting and commending this same president because he's their "son" carried a coffin for Jonathan in 2012 for removing subsidy..

They even said subsidy doesn't exist

What best describes Hypocrites?..

what best describes Self Sabotage?..

what best describes Tribalism?

How can removing Emefiele and Bawa, probing them without mentioning their boss Buhari .. to put your own candidates transmits to an achievement?..

There will be owambe when Tinubu removes all service chiefs to install his men then ..

APc Buhari lowered the bar of governance so much that if Tinubu sneezes, it's an achievement.. I mean it took Buhari 6 months to appoint his ministers..
Bloody hell.

GO0DHardDick:
Damn!

The FG should do well to also stop Nigeria from supplying Ghana and other countries electricity. Of course I don't expect the drug lord to do this because he is a fool. The werey is desperately trying to buy his way and win the heart of Nigerians but he has failed already. Obi will rearrange this country when he comes onboard. I'll urge the election tribunal to hurry up and do the needful ASAP.

viodemus:
Many people do not burn down their house because of a few roaches. What a rational person would do, is clean up better, block some openings, and maybe spray the house.


He just wants to control the subsidy money, and divert as much as possible to his and associates pseudo accounts. Plus un official oil wells that he will be given and some he will seize.


He is so mentally and physically lazy, that he doesn't know how to honestly help the country. Someone so used to stealing and taking a personal financial cut at everything he can. It is a hard habit to break away from.


Moreover, those countries were buying the fuel, it wasn't free. We have an unbelievable amount of oil, so it was selling very fast. Mismanagement made us not get the best of the oil blessings.

GO0DHardDick:
Damn!

The FG should do well to also stop Nigeria from supplying Ghana and other countries electricity. Of course I don't expect the drug lord to do this because he is a fool. The werey is desperately trying to buy his way and win the heart of Nigerians but he has failed already. Obi will rearrange this country when he comes onboard. I'll urge the election tribunal to hurry up and do the needful ASAP.

TemplarLandry:
These leeches have have put Nigeria in a chokehold for too long, sucking us dry.
God, thank you for sending us Tinubu, the man with balls of steel.

Peacecore:
Are you sure you have sense?? Smuggling of already subsidized fuel into neighboring countries causes scarcity, and the lower the supply(scarcity) in an increased demand increases the price. Now that those marketers have nothing to gain smuggling it to neighboring countries, fuel will yapa in the country making it more competitive due to high supply while the demand will remain the same, simple SS1economics!

nairalanda1:



Agreed they are hypocrites, and agree that Buhari too was wrong to oppose fuel subsidy removal in 2012, and Tinubu, being a captain of industry should have known better.

But that was then, and this is now. And subsidy has to go now , because right now we are borrowing to fund the thing in its entirety.

Plus, GEJ should have just told Nigerians to shut up, that they knew nothing, and removed subsidy. Am serious. Good leaders should take the bull by the horns. At the end of the day, we were already losing billions to subsidy back then (there was live daylight robbery then of subsidy money...the likes of which eventually forced Buhari to make NNPC sole importer when he took power). And not only GEJ...all our previous leaders from 1973 should have done the same at one time, and we would have long since gotten rid of the thing.

But no one was bold enough to do that because they did not want to lose power. Yes, even people like Abacha.

And even Tinubu is removing subsidy not because he wants to...and no I am not defending him, since I have known that subsidy is a drain on a nation's resources, and keeping it wrecks the economy well well long tern, but because he has no choice. As I said, we are borrowing to pay for the subsidy, and we still owe NNPCL 2.8 trillion naira outstanding.

So, hypocrisiy, or not, we are not the masters of our destiny right now.

Peacecore:
Are you sure you have sense?? Smuggling of already subsidized fuel into neighboring countries causes scarcity, and the lower the supply(scarcity) in an increased demand increases the price. Now that those marketers have nothing to gain smuggling it to neighboring countries, fuel will yapa in the country making it more competitive due to high supply while the demand will remain the same, simple SS1economics!

GO0DHardDick:
Damn!

The FG should do well to also stop Nigeria from supplying Ghana and other countries electricity. Of course I don't expect the my father to do this because he is a fool. The werey is desperately trying to buy his way and win the heart of Nigerians but he has failed already. Obi fraud will disearrange this country when he comes onboard. I'll urge the election tribunal to hurry up and do the needful ASAP.

rajiedreez:


They don't patronize gas stations so there'll be no fights in their gas station

GO0DHardDick:
Damn!

The FG should do well to also stop Nigeria from supplying Ghana and other countries electricity. Of course I don't expect the drug lord to do this because he is a fool. The werey is desperately trying to buy his way and win the heart of Nigerians but he has failed already. Obi will rearrange this country when he comes onboard. I'll urge the election tribunal to hurry up and do the needful

GO0DHardDick:
Damn!

You Obi supporters, your generation are fools and werey of the highest order for insulting our dear president.

The FG should do well to also stop Nigeria from supplying Ghana and other countries electricity. Of course I don't expect the drug lord to do this because he is a fool. The werey is desperately trying to buy his way and win the heart of Nigerians but he has failed already. Obi will rearrange this country when he comes onboard. I'll urge the election tribunal to hurry up and do the needful ASAP.

Lordatkinson:
Sincerely, Buhari needs to be arrested and questioned. Reason for this is very simple, for 8 years, he was the minister of petroleum through out his regime. Who did he pay the subsidy to? He needs to start naming names.

Meanwhile, once Nigeria passes this phase of life, it should become a law that no government should bring back subsidy of fuel in nigeria again.

Yemmysworld91:

You made it sound like it was a news solely by western media. That alone nullifies every of your assumption which am not ready to dabble into.
Subsidy is gone for good.
Jonathan that I campaigned and voted for was not bold enough to stamp his feet on issues then. Tinubu was even able to pacify labour.
Though I must admit he is not doing well when it comes to palliative to reduce the effect. But subsidy is gone for good. Enough of the wailing. Let's face reality

TemplarLandry:
These leeches have have put Nigeria in a chokehold for too long, sucking us dry.
God, thank you for sending us Tinubu, the man with balls of steel.

GO0DHardDick:
Damn!

The FG should do well to also stop Nigeria from supplying Ghana and other countries electricity. Of course I don't expect the drug lord to do this because he is a fool. The werey is desperately trying to buy his way and win the heart of Nigerians but he has failed already. Obi will rearrange this country when he comes onboard. I'll urge the election tribunal to hurry up and do the needful ASAP.

nairalanda1:



Good point.

But, and this is the issue...the real problem with subsidy is not the smuggling. Smuggling is part of the problem, a symptom. Not the real issue.

The real issue is that the production cost and transport cost always rises.

As an example, let's pretend that fuel is still being sold at N65 a liter today.

In 2012, the landing cost of fuel at January was N99 per liter. As at May 31 this year,landing cost was N378. As at September 2022, landing cost was N502.

Now subtract N65 from all those sums...and subsidy costs rises from N34 per liter in 2012 to as much as 437 per liter.

Add these facts

1.Amount of fuel consumed is rising year in year out.

2.From 2014 April to 2021 December, price of oil...source of most of our forex...iecrude, has been below 100 dollars, and even as low as 30 dollars for some time. That reduces our ability to earn forex...and pay for our budget...meaning we have to take loans...and have been taking loans.


Now 1 and 2 have an effect on our budget.

But we have to pay for subsides...so we keep on paying a large amount of our budget...until, assuming fuel was N65 at 2022, we would have been paying far more than what we earned in revenue for subsidy....and we would be borrowing for federal spending, and paying part of the subsidy.

Sounds crazy, doen't it.

Now even with partial removals, manifesting as fuel price increases, we are spending 96% of our revenue on subsidy payments, and borrowing for the rest, plus for budget spending.

With all that in mind, we can stop smuggling, close the cracks....and the problem won't end.

GO0DHardDick:
Damn!

The FG should do well to also stop Nigeria from supplying Ghana and other countries electricity. Of course I don't expect the drug lord to do this because he is a fool. The werey is desperately trying to buy his way and win the heart of Nigerians but he has failed already. Obi will rearrange this country when he comes onboard. I'll urge the election tribunal to hurry up and do the needful ASAP.

GO0DHardDick:
Damn!

The FG should do well to also stop Nigeria from supplying Ghana and other countries electricity. Of course I don't expect the drug lord to do this because he is a fool. The werey is desperately trying to buy his way and win the heart of Nigerians but he has failed already. Obi will rearrange this country when he comes onboard. I'll urge the election tribunal to hurry up and do the needful ASAP.

TemplarLandry:
These leeches have have put Nigeria in a chokehold for too long, sucking us dry.
God, thank you for sending us Tinubu, the man with balls of steel.

marlow1962:
Are they throwing punches at the gas station, just like ronu people are doing here?
That is just what I want to know.

Zxcvbnmghtr:


The person that gave you a upper cut at the filling station was only being nice.

EmperorHadrian2:


And since we are now floating the naira openly, these African countries can pay in naira so as to boost the naira value.