NOETHNICITY:
It is myopism that makes people think that the NPF is more corrupt than customs.

seunlayi:
This is what supposed to be since 2012 if they haven't opposed GEJ attempt to remove subsidy. Imagine how far we would have gone by now

nairalanda1:


Most Nigerians are still opposed to subsidy removal..that was the truth in 2012, in 2005, and even as far back as 1993.

Tinubu and Buhari, who should have known better, joined the protests because they were feathering their political nests....

The problem was in 2012, we had high revenues from oil...which had been above 100 dollars per barrel for most of the last 2-3 years. So the opinion of most Nigerians was that 'we had the money' and there fore , we had to use it for subsidy since 'it was the only benefit we got from government'

Meanwhile, GEJ and his economic planners saw that in 2010, it cost them 25% of oil revenue to keep oil prices at N65, and in 2011 it was costing 60% of oil renvenue to keep prices at N65. And to replace the money spent, Nigeria had to borrow (that's why GEJ was borrwing , sports fans). Hence their 'crazy' idea to remove subsidy...because if they had kept fuel at N65, by 2014 we would have spent all our oil revenue on subsidy.

At best GEJ did partial removal, which saved our economy (if GEJ had not, we would have had twice if not more than our current debt).

By 2015, when Buhari took over, and saw that subsidy was real....he first tried partial removal, then he made NNPC sole importer and subsidiser of fuel...(which means that as at now NNPC is owed N2.8 trillion if not more by government in subsidy claims), and kept on partial removal..w.hile waiting for Dangote.

But let's be honest, if GEJ had been bold and strong, if Nigerians had been more sensible in 2012, or even in 1993, by now, subsidy would have gone, and we would have been better for it.

Cheap fuel addiction brought us here.

nairalanda1:


Most Nigerians are still opposed to subsidy removal..that was the truth in 2012, in 2005, and even as far back as 1993.

Tinubu and Buhari, who should have known better, joined the protests because they were feathering their political nests....

The problem was in 2012, we had high revenues from oil...which had been above 100 dollars per barrel for most of the last 2-3 years. So the opinion of most Nigerians was that 'we had the money' and there fore , we had to use it for subsidy since 'it was the only benefit we got from government'

Meanwhile, GEJ and his economic planners saw that in 2010, it cost them 25% of oil revenue to keep oil prices at N65, and in 2011 it was costing 60% of oil renvenue to keep prices at N65. And to replace the money spent, Nigeria had to borrow (that's why GEJ was borrwing , sports fans). Hence their 'crazy' idea to remove subsidy...because if they had kept fuel at N65, by 2014 we would have spent all our oil revenue on subsidy.

At best GEJ did partial removal, which saved our economy (if GEJ had not, we would have had twice if not more than our current debt).

By 2015, when Buhari took over, and saw that subsidy was real....he first tried partial removal, then he made NNPC sole importer and subsidiser of fuel...(which means that as at now NNPC is owed N2.8 trillion if not more by government in subsidy claims), and kept on partial removal..w.hile waiting for Dangote.

But let's be honest, if GEJ had been bold and strong, if Nigerians had been more sensible in 2012, or even in 1993, by now, subsidy would have gone, and we would have been better for it.

Cheap fuel addiction brought us here.

atobs4real:
So be it.
Eating from where they didn't sow
Removing subsidy is a disaster to neighboring countries

lexy2014:


Which fuel Subsidy did the NNPCL managing director say was removed in 2020?

IconicR:
My amiable president is trying, he'll surely take us there. Nigerians calm down, we will laugh last. Hold me responsible if Asiwaju fails.

teeytimi:
One of the main reasons subsidy removal is best for all Nigerians. Imagine a country deeply indebted doing father Christmas for its neighbours

nairalanda1:


Has subsidy made us a developed country?

Oga, move along now. I am not answering any of your questions.

Seriously man, if you believed that lie from the then government, you would believe anything.

obembet:


Better than never

Abemy:


Buhari, not Tinibu removed subsidy.

seunlayi:
This is what supposed to be since 2012 if they haven't opposed GEJ attempt to remove subsidy. Imagine how far we would have gone by now

timiade446:
Eran ewure ni e🙄

Asswipemod:


Ok, how much were you buying fuel even in the last days of Buhari? Since you don't want to be sensible!

IconicR:
Alagba oshi

seunlayi:
This is what supposed to be since 2012 if they haven't opposed GEJ attempt to remove subsidy. Imagine how far we would have gone by now

timiade446:
Pele o, elenu gboro 🙄

IconicR:
Omo ale

timiade446:


You are few seconds closer to death 🤪

seunlayi:
This is what supposed to be since 2012 if they haven't opposed GEJ attempt to remove subsidy. Imagine how far we would have gone by now

onatisi:
boss , that is the bitter truth noone wants to revisit nor talk about . that singular act took naija back, nigeria would have gone far , more industries, good roads, and many other developments would have occurred but now naija is just starting afresh.

IconicR:
I will not say back to sender but to caution you on what you type here because you don't know whom you are talking to. Eat your words

timiade446:
Aye Aye captain

IconicR:
yeye

seunlayi:
This is what supposed to be since 2012 if they haven't opposed GEJ attempt to remove subsidy. Imagine how far we would have gone by now

Raskimonojendor:
Tinubu is working. Haters are crying.

nairalanda1:


Yep....the thing is, politicans have to think of the next election. Removing fuel subsidy totally...would have meant N150 and above for fuel prices in 2012, which means that PDP gets voted out in 2015 in a mega landslide.

(One governor in the Southwest once sacked excess workers in the civil service. It was a bold decision, a brave decision, but he got voted out, his successor hired all the sacked workers again, and paid them salaries...result..by the time Aregbe took over, it was becoming difficult to pay the full salaries...so...partial payment. Chickens came home to roost).

Not just GEJ...all our leaders from Gowon to Buhari part 2 were not bold enough. Even Abacha did not remove subsidy.

That Nigerians are tolerating Tinubu removal of subsidy is just silence of the grave. Kenya that had subsidy removal in the first 24 hours of the new president some months ago is now seeing protests against the government.

lexy2014:


Has it been a blessing to Nigeria?