Fowl nyash don dey open small small 😁😁😁. We've been lied to for so many years by those stealing our commonwealth that daily petrol consumption in is 100 million liters. It has been revised downward to 66.8 millions since the subsidy took effect. Who has been drinking almost 35 million liters daily all these years? I sorry for this country. Otedola & Co don dey smile to bank all these yrs.

You sir, are a very highly intelligent fellow.

I doff my hat to you!

Shikena:
Approximate population/relative market size of Nigeria vs neighboring countries:

Benin Republic: 13m
Niger Republic: 27m
Chad: 16m
Cameroon: 27m
Total: 83m

Nigeria: 211m
Combined total (Nigeria + Neighbours): 294m
Nigeria: 72%
Neighbours: 28%
Shikena!

stagger:


Another propaganda agent.
How can you speak of subsidy when you don't even know your ACTUAL AND FACTUAL daily consumption?

He who wears the shoe knows where it pinches. Miles Kyari isn't screaming the house down for the subsidy to go as it was insane.

Did you know that it was cheaper to buy petrol than you buy crude oil? That was how damned cheap it worse.

One does not need to know the exact volume to know how much the government saved or made now that its gone. Government can calculate what came into it after the subsidy was removed.

You are pro-subsidy, hence emotions dominate and not rationality.

Even if it did not cost a dime to provide the subsidy, it should still go.

The biggest damage it did was that it prevents private investment into refining. No bank will lend you $2b to build a 100,000bpd refinery where government fixes the price.None!

The only reason why Dangote and Bua were able to construct refineries was that they could leverage their immensely profitable and enormous cement business as collateral to secure loans.

Had the subsidies been removed since the 1990s,by now the country would be refining at least 2mbpd of crude oil. It would also have massive fertilizer and petrochemical industries. Power generation would probably hover around 50,000 Mw. Nigeria would be the defacto energy hub of Africa.

BAT has done what others that came before him couldn't do, and it is just a matter of time before we see the benefits of the fuel subsidy removal.
At least the funds saved can be used for other purposes in driving Nigeria's socioeconomic development.

/
Participatory Democracy is the worst form of government.

If idiots outnumber intelligent people, the country will remain stagnant forever.

That's exactly what's happening in Nigeria.

\

Onyiiobi7735:
BAT has done what others that came before him couldn't do, and it is just a matter of time before we see the benefits of the fuel subsidy removal.
At least the funds saved can be used for other purposes in driving Nigeria's socioeconomic development.

Don't say others couldn't do

Jonathan came in 2011 and by 2012 he already saw the need to remove subsidy.


Tinubu himself mobilised people and kicked against govt policy then.

Now you are singing praises for him

If there is no money, what can one do?

The last time I was this poor was more than 10 years ago (despite earning 10x what I was earning then).

Many mechanics workshops are empty now, low patronage, people's cars are parked at home. Hunger at everywhere home

drinkgarri:
No be lie o. Filling stations self dey feel am

They are enjoying it. Few sales, fewer staff but maximum profit. When motocycle is putting 2500 fuel in their tank. 8 years ago, 800 would full tank.

Bought 2k fuel in a small gallon and it didn't fill to the top (there was still gap/space). Filling station are making their millions.

I Love Bola Ahmed Tinubu

Diggys:
IT IS NOW CHEAPER TO USE COMMERCIAL BUSES THAN PERSONALCARS.

RENEWED SHEGE

THE PAINFUL THING IS THAT TOWARDS NEXT ELECTION, NIGERIANS WILL FORGET ALL THESE SUFFERING AND VOTE BASE ON TRIBE.

As it should be. Alot of people like to use foreign countries like UK, USA, Canada, Australia e.t.c as how countries should be run. Well, public transport is cheaper in those countries.

We are a wasteful nation. Nigerians will get creative with car sharing, car pooling, using public transport and cancelling non-essential travel and those weekly owambes.

The people in NNPC, especially the MD should be jailed for scamming Nigerians so much with subsidy payments.

thisisit:
Decrease in demand for petrol energy implies:

Decrease in productivity
Decrease in GDP
Decrease in per capital Income
Economic depression and stagnation

TOTAL = INCREASE IN MULTIDIMENSIONAL POVERTY

so the amount of fuel being smuggled to neighbouring countries is a joke to you. Or the fact that people now drive only when necessary.

The rate of petty crimes have increàsed abeg the money from fuel subsidy make dem take small for human capitàl development

Is it true that the price of petrol will soon be increased to N7,000 per litre?
Let it be N1,000,000 per litre, Nigerians are to buy. I swear!

STRI1:
That's majorly because of the smugglers in Benin republic, Cameroon and Togo

Do you still run your Gen the way you do?

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DMCY:


Na lie! The only reduction is the petrol that was been smuggled out of the country, right now I think we’re just seeing the normal petrol we Dey consume

What about the NNPCL padded subsidy? You guys always think the problem is neighboring countries

post=124281915:
Dearest Sane Nairaland members,
Sisi Yewande and Madam Ngo on behalf of All of us at [/b] are checking on you.

Times are hard
It is for the best future for us all.
No pain No Gain.
Guide your mental health.
Cut down on excesses and frivolity.
Keep joining us to pray for a better Nigeria 🇳🇬.
Slow and Steady we will get to the nation flowing with milk and honey.
A country of our dreams.
God bless you all.
God bless Nigeria 🇳🇬 🇳🇬 🇳🇬

We Love You all ❤️ 😍 💖


[b]Addendum : Enemies of Nigeria,
Skip this comment, it ain't for you.
Check the first line to see who it was addressed to.
If you do otherwise and quote to be negative or curse sane people here may you be miserable for life. (We will be talking to you in the language you understand going forward. )
Thanks and Cheers.

Lovely comments ,seems you are stooong to use drugs and think like a human being.

Well done

Islie:


https://leadership.ng/subsidy-removal-drags-down-petrol-consumption-by-28/

Is this figure true/accurate? Because some people reduced the fuel consumption by half some quiet using fuel completely and smugglers stop smuggling to neighboring countries and it's only 28% ? I don't agree with this figure, let them check the data very well before they released it.

ppogba:
Suddenly, the figure that was not available during subsidy payment is now available by alacrity.

Naija I hail oo.

You dey mind these fraudulent 419 scammers who are in government, labouring in vain to sell their fake news?

Was that not how they were doing in 2016 for the same same subsidy?

Are we wiser now

Osinbajo: We’ve saved N1.4trn by not paying fuel subsidy

AUGUST 25, 2016

Vice President Yemi Osinbanjo says the federal government has saved N1.4 trillion for not paying oil subsidy.

Speaking in Kano on Thursday during the third day of the 15th Joint Planning Board and National Council on development meeting, Osinbajo urged Nigerians not to lose faith in Buhari’s administration, saying the president would fix the economy.

“*With the deregulation of the downstream petroleum sector*, there has been a significant increase in the availability of petrol throughout the country for the savings of N1.4 trillion on subsidy payments alone,” Osinbajo said.

https://www.thecable.ng/osinbajo-weve-saved-n1-4trillion-by-not-paying-fuel-subsidy/amp

Subsidy removal: Tinubu backs Buhari, Falana condemns price hike

13th May 2016

A former Lagos State Governor and National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, has described the decision of the President Buhari-led Federal Government to remove petrol subsidy as courageous.

The government, through the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Wednesday, *announced the removal of the subsidy on petrol,* pegging the upper limit at N145 per litre from N86.50k.

In a statement in Lagos on Thursday, Tinubu said though the decision was a difficult one, it would ultimately become beneficial to the generality of the people instead of enriching the pockets of a few Nigerians, who enjoyed the fraud of the subsidy regime.

https://punchng.com/subsidy-removal-tinubu-backs-buhari-falana-condemns-price-hike/?amp

God1000:
True, Our roads have become very empty because so many people cannot even fuel their vehicles anymore

Is this dividends of democracy?

Every new day, Nigeria loses wellbeing for citizens. The rate got multiplied and worse since 2015.

sunnnnyuu:

Is this figure true/accurate? Because some people reduced the fuel consumption by half some quiet using fuel completely and smugglers stop smuggling to neighboring countries and it's only 28% ? I don't agree with this figure, let them check the data very well before they released it.

I thought that they said that they didn’t have any data on fuel consumption

The volume of fuel consumed in Nigeria is unknown – NNPC

Sep 3, 2021

Mele Kyari, group managing director (GMD) of the Nigerian National Petroleum Corporation (NNPC) has said that it is difficult for Nigerians to know their actual fuel consumption.

Kyari made this known during his presentation at an interactive session by the Joint Senate Committee on the 2022-2024 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

https://businessday.ng/news/article/the-volume-of-fuel-consumed-in-nigeria-is-unknown-nnpc/

That's a good one.
I suggest people buy more bicycles.
This will in turn force down price of petrol too.
We are getting it right gradually.

Tijani009:
The rate of petty crimes have increàsed abeg the money from fuel subsidy make dem take small for human capitàl development

What is inside this your human capital development

thisisit:
Decrease in demand for petrol energy implies:

Decrease in productivity
Decrease in GDP
Decrease in per capital Income
Economic depression and stagnation

TOTAL = INCREASE IN MULTIDIMENSIONAL POVERTY

Currently, over 180 million Nigerians have slided into multi dimensional poverty

VIKTO83:
That's a good one.
I suggest people buy more bicycles.
This will in turn force down price of petrol too.
We are getting it right gradually.

So how many bicycles have you bought since Tinubu began his Emilokan petrol price in May?

Did you buy just for yourself? Or you bought also for your family and friends

NO REASONABLE/SUCCESSFUL POLITICIAN/GOVERNMENT WOULD IMPLEMENT A POLICY WITHOUT CREATING MOTHERLITY FOR HIS OR HER LARGE SUBJECTS.

IT IS ONLY A GREEDY, SELFCENTERED and FAILD POLITICIAN/GOVERNMENT DAT WILL IMPLEMENT A UNILATERAL POLICY WITHOUT CONSIDERING D WELLBEING OF D MASSES(HIS OR HER SUBJECTS) NOR CREATE MOTHERLITY FOR PILEATIVE MEASURES.

JUST LIKE D REMOVAL OF FUEL SUBSIDY BY DIS PRESENT ADMINISTRATION, AS MEANS OF INCREASING & TIGHTENING D POVERTY/HARDSHIP BELT OF D HELPLESS MASSES IN NIGERIA.

INCASE THEY DON'T KNOW, D PERCENTAGE OF FUEL CONSUMPTION HERE IN NIGERIA HASN'T DROPPED YET, THEY SHOULD EXPECT A DRASTIC DROP IN D NEXT 60 TO 70 DAYS IN DIS SAME 2023

U CAN IMAGINE I ASKED MY 5 YEARS OLD NEPHEW WHAT IS HIS BENEFITS AS A NIGERIAN CITIZEN? HE REPLIED: HARDSHIP and OPPRESSION........

Zupay:

After screaming SAI BABA for eight years!☹️

Extreme poverty can reformat the brain, even the brain that has refused to change from years of grilling dead vultures.

loswhite:
What about the NNPCL padded subsidy? You guys always think the problem is neighboring countries

I’ll like to ask you just a question; Are the neighboring countries not part of the problem?

nigerianart:

They are enjoying it. Few sales, fewer staff but maximum profit. When motocycle is putting 2500 fuel in their tank. 8 years ago, 800 would full tank.

Bought 2k fuel in a small gallon and it didn't fill to the top (there was still gap/space). Filling station are making their millions.

While Nigerians are trekking in their millions, because of Emilokan Tinubu’s cluelessness

DMCY:

I’ll like to ask you just a question; Are the neighboring countries not part of the problem?

The neighbouring countries are the ONLY problem, since our borders were closed for the failure of strongman, retired General Buhari to secure the borders.

Now that the neighbouring countries are wailing, we are hailing and enjoying our trekking with bicycles.

Tinubu and APC are super bright people.