ChybuzzDD:


You keep on dishing out these same rubbish lines even when it's obvious the policy is only there to punish Nigerians.
It's inhumane and utmost wickedness to remove the only benefit the average Nigerian was getting from the government, while the politicians keep theirs.

Petrol subsidy wasn't the thing holding the economy back, it's corruption. And that corruption is still there.
Leave subsidy alone and tackle the corruption, and save more money.
Now, where are the billions of naira presumed to have been saved after the removal??
If you're saving money, why borrowing again for palliatives?

This is a stupid policy that will never bring any economic benefit to Nigerians.

And you keep on saying the same thing since 2011

Aren't you tired.

I said what you said from 1992/3-2011, then in 2011, I sat down and listened and read, and woke up.

Chiefpriestt:
I no blame una. Some of you don't have a generator nor car to know how exorbitant it's to it use them now. Now, I spend not less that 15k for fuel every week much more than what I spent before the criminal came to power.

Mr Car and generator Owner, well done. Na only you get Car and generator for Nigeria. Mtcheeeeew

ViktorCash:
E be like say we go miss Buhari like this oh. No free money again oh! Brace up fellas

Buhari past government is the foundation and genesis of all these problems

SemperFid:




Do you know what the NHS does and how it functions? You think all na joke. What kind of person are you self.

If your kidney fails now ur people will be asking for donation on Facebook to afford a transplant out of pocket and before the donation completes, you're cold.

With the NHS and how it is funded by taxpayers money when you need a new kidney, it is done in just a snap of a finger.

How many people in Nigeria actually by fuel for their cars? If we have a constant electricity do you know that the fuel consumption of this country will drop by 70%?

Who even told you that the country does not have money to finance subsidy? Wetin Nigerian govt de use the money for if not looting. There is no pipe borne water anymore which means Water corporation has collapsed, electricity is zero, healthcare is zero, roads are death traps, security is zero, what exactly is the money for?

Man, don't you know that we're trapped with useless people here.

bigfather:


Then they should have focused more on revamping the refineries like they promised in 2015. The truth is the masses cannot cope with the double digit inflation rates and coupled with the recent floating of FX. Its really gong to be hard knowing fully well that Naija is a consuming and not a producing economy .

No refinery run by government will ever be efficient and productive. NOTHING run by government is productive and efficient. Everyone has to learn that essential truth.

If you doubt me PLEASE name just ONE government commercial company operating efficiently and producing enough high quality goods and services to satisfy the public demand.

The EVIDENCE is abundant in the privatization and deregulation of cement, banking, telecoms and airlines.

By the way, the naira was DEVALUED, not floated. There's a real difference and it matters.

Government is the problem NOT the solution.

Good Luck to Nigerians.

Nursepepeye:
you are very stupid and mad, Tinubu is a Vagabon and bastard, fvck you, fvck Tinubu, fvck NL, fvck every stupid people who have refused to reason like human in Nigeria, fvck you all. Everyone in Nigeria may possibly mentally deranged,

Wait who collect your 🍞 this Morning?? Why this unnecessary display of Moronness??

nairalanda1:



Also, we did removal of subsidy in phases in the past many times. And....it was always met with complaints and with anger and with protests.

Remember what happened when we removed subsidy partially in 2012, 15, 17 19 and 2022? Or even in times past?

Anyway, right now, when we are using 75% of our oil revenue to pay for debts....it isn't possible even partially.

God knows I wish it was other wise.

Another lie
Our oil revenue in 2022 was about $45bn. If we use 75% of it to pay for debts then, with our total debts being in the region of $66bn, we will have about $36bn left of our debts. Now how come our debt is about $70bn in 2023.
You're just swallowing and vomiting trash from govt propaganda machineries

Kukutenla:

Our oil revenue in 2022 was about $45bn. If we use 75% of it to pay for debts then, with it debts being in the region of $66bn, we will have about $36bn left of our debts. Now how come our debt is about $70bn in 2023.
You're just swallowing and vomiting trash from govt propaganda machineries

IbeOkehie:


No refinery run by government will ever be efficient and productive. NOTHING run by government is productive and efficient. Everyone has to learn that essential truth.

If you doubt me PLEASE name just ONE government commercial company operating efficiently and producing enough high quality goods and services to satisfy the public demand.

The EVIDENCE is abundant in the privatization and deregulation of cement, banking, telecoms and airlines.

Government is the problem NOT the solution.

Good Luck to Nigerians.

Then they should lease it out and allow private companies to run it rather than allowing to turn to a Museum . Atleast that would save us some FX rather than having to take the crude abroad to refine at the expense of the FX . The higher the FX goes, the higher the price of fuel !

nairalanda1:

Keep lying and ill keep bursting your lies.
Prepare to buy fuel 617 per litre next week

Kukutenla:

Our oil revenue in 2022 was about $45bn. If we use 75% of it to pay for debts then, with it debts being in the region of $66bn, we will have about $36bn left of our debts. Now how come our debt is about $70bn in 2023.
You're just swallowing and vomiting trash from govt propaganda machineries

Our debt is 108.3 billion dollars.

108.3 BILLION dollars.

As at march 2023.

And it is still rising because interest

Thanks and good morning....lol!

nairalanda1:


I doubt subsidy removal can be achieved with a human face.

God knows that if it was Obi removing subsidy, Nigerians will say the same thing they are saying now.

The problem always has been we think we are entitled to cheap fuel.

You misplace the essence of government when you say "We think we are entitled to cheap fuel". Oh yes, we the people are for sure entitled to cheap fuel the same way a farming community is entitled to cheap food (that has always been the case throughout human history). We were previously the sixth largest exporter and producer of crude oil until Buhari's disastrous government. Do stop excusing the government for the deterioration we are seeing today that has necessitated our support for the removal of subsidies.

At some point in the future, we need to reap what we produce and not the other way around.

MadamExcellency:


You misplace the essence of government when you say "We think we are entitled to cheap fuel". Oh yes, we the people are for sure entitled to cheap fuel the same way a farming community is entitled to cheap food (that has always been the case throughout human history). It naturally was the former sixth largest producer of crude oil until Buhari's disastrous government. Do stop excusing the government for the deterioration we are seeing today that has necessitated our support for the removal of subsidies.

At some point in the future, we need to reap what we produce and not the other way around.

Well, why don't we subsidize foodstuff then?

Seriously, it costs money to refine fuel. Paying a subsidy is a nice way of throwing away one's money, because costs rise. Cost of machinery, costs of workers, cost of land, cost of compensating people for oil spills and using their land, taxes, etc.

At the end, the cost rises and eats more and more of our subsidy.

Unless our population was 10 million and we were producing 10 million barrels of crude a day, we can't afford subsides.

IbeOkehie:


No refinery run by government will ever be efficient and productive. NOTHING run by government is productive and efficient. Everyone has to learn that essential truth.

If you doubt me PLEASE name just ONE government commercial company operating efficiently and producing enough high quality goods and services to satisfy the public demand.

The EVIDENCE is abundant in the privatization and deregulation of cement, banking, telecoms and airlines.

Government is the problem NOT the solution.

Good Luck to Nigerians.

Any country that believes govt is the problem must be ready to run a lean govt just as we have in the UK. You can't say govt is the problem yet it costs us as much a N25trn to run the govt. What kind of country spends that amount to keep a problem running? That's illogical.
If we all agree that our govt is problematic, then our elites need to let go of this expensive system where a gov can singlehandedly employ 30000 aides in the blink of an eye. Same gov who had never generated 1million naira!!
If not, one day, we'll wake up and our elites will tell us govt has no business spending on the police that the citizens have to pay to access police services

None of my business.
Said enough.

advanceDNA:



...Subsidy is not nigeria's problem, subsidy is doable...ur leaders dont want to do it because they want more money to steal.... corruption at all levels of goverment is the problem

Only emefiele stole 82 trillion and nigeria has not crashed....thats nigeria's budget for more than 6 years... does that not tell u how rich this nation is...and a few elites are just milking us..

thats just one person ooo..imagine those that were not caught.......bros u need to stop all these irritating explation...its getting stale...

....subsidy is just a smoke screen used to by goverment to explain their incompetence and theft......
They are all buying 300million bullet proof cars with tax payers money and mumu u is explaining on their behalf......

How can ur father be saying he doesnt have money to pay ur school fees..yet he's buying new Mercedes, building new house, sending pple to hajj and marrying new wives...... yet u are explaining for him that he's broke

Our debt is 47 trillion naira.

Emefiele, you argue stole 82 trillion naira

That would have meant he stole nearly twice our debt. Not possible.

He stole, that is true, not that much.

ChybuzzDD:


You keep on dishing out these same rubbish lines even when it's obvious the policy is only there to punish Nigerians.
It's inhumane and utmost wickedness to remove the only benefit the average Nigerian was getting from the government, while the politicians keep theirs.

Petrol subsidy wasn't the thing holding the economy back, it's corruption. And that corruption is still there.
Leave subsidy alone and tackle the corruption, and save more money.
Now, where are the billions of naira presumed to have been saved after the removal??
If you're saving money, why borrowing again for palliatives?

This is a stupid policy that will never bring any economic benefit to Nigerians.

You're WRONG, completely wrong.

Nigerians get plenty of other subsidies from the government. Forex is still being subsidized, healthcare is subsidized, rice is subsidized, pilgrimage is subsidized, university education is subsidized.

By the way, forex subsidy means everything imported into Nigeria is subsidized.

It was in 2012 that the PEOPLE of Nigeria missed the chance to save money by canceling fuel subsidy. Right now there's ZERO savings from fuel subsidy, understand that since maybe 2016 and definitely the last 2 years, it has been paid for by borrowing money. Nigeria never had the money, the government is BANKRUPT, that's why they had to stop fuel subsidy and devalue the naira..

Don't worry though it looks like the government will soon start subsidies for agricultural products. Happy times ahead.

nairalanda1:



Our debt is 47 trillion naira.

Emefiele, you argue stole 82 trillion naira

That would have meant he stole nearly twice our debt. Not possible.

He stole, that is true, not that much.

Don't mind Nigerians and their delusions. I remember former President Jonathan was accused of stealing what, $40 billion?

Good Luck to Nigerians!

CodeTemplar:
come to think of it. It is favouring people with renewable businesses o.

Every bad government policy will favor the minority. Even if Tinybu decide to enact policies that will systematically wipe out your family, there are people it will still benefit.

It doesn't make the policy good.

IamAtikulate:

Every bad government policy will favor the minority. Even if Tinybu decide to enact policies that will systematically wipe out your family, there are people it will still benefit.

It doesn't make the policy good.

Oga take am easy. Na true I talk. Renewable people are running ads and cashing out from the renewed whatever going on.

Kukutenla:

Any country that believes govt is the problem must be ready to run a lean govt just as we have in the UK. You can't say govt is the problem yet it costs us as much a N25trn to run the govt. What kind of country spends that amount to keep a problem running? That's illogical.

If we all agree that our govt is problematic, then our elites need to let go of this expensive system where a gov can singlehandedly employ 30000 aides in the blink of an eye. Same gov who had never generated 1million naira!!
If not, one day, we'll wake up and our elites will tell us govt has no business spending on the police that the citizens have to pay to access police services

I agree with EVERYTHING you wrote above EXCEPT the part bolded. Most Nigerians DON'T agree government is problematic ESPECIALLY if their TRIBE is allied with OR in control of the government.

All to say this....diversity is a major problem in a democracy. The UK is much less diverse...it's 87% English tribe and 92% White. Add to that even the small tribes like the Scottish and Welsh have substantial AUTONOMY in many areas of life.

Good Luck to Nigerians!

nairalanda1:


Well, why don't we subsidize foodstuff then?

Seriously, it costs money to refine fuel. Paying a subsidy is a nice way of throwing away one's money because costs rise. Cost of machinery, costs of workers, cost of land, cost of compensating people for oil spills and using their land, taxes, etc.

In the end, the cost rises and eats more and more of our subsidy.

Unless our population was 10 million and we were producing 10 million barrels of crude a day, we can't afford subsidies.

How much are the Federal and 36 States' budgets for Agriculture each year? What are they if not a blanket subsidy for food? Agriculture receives the highest budget in the country each year and that is not changing soon.

Do you want Federal and States budgets for Agriculture scrapped?

You are right when you said, "We can't afford subsidies" but the reason you gave is secondary and inconsistent with facts. It is basically because of long-term mismanagement and corruption in the system, we would have had enough to sustain the subsidy as Angola and Algeria are doing presently. Btw, I was a departmental head in Oil and Gas at some time in my career hence I am conversant with the cost that has to do with the extraction industries. The Oil and Gas companies are making money hence don't pity them.

Population is not a curse as some people were made to believe, it's a source of blessing if managed appropriately.

nairalanda1:



Our debt is 47 trillion naira.

Emefiele, you argue stole 82 trillion naira

That would have meant he stole nearly twice our debt. Not possible.

He stole, that is true, not that much.

Please...explain to me the correlation between nigeria's debt and the attitude of a theif....a theif doesnt care weda u debt is trillion dollars

All the money nigeria borrows from the world bank and china....is it accounted for??.they never create projects that will seamlessly pay back the loans.... u now are wondering how we still have huge debt ..they borrow 100naira ..do 10 naira projects and steal the rest...

ur leaders are all buying bullet proof cars...cost of governance is not reduced... ...they all fly abroad for health care... you seem not to realize how we have huge debt.......both oil revenue and borrowed funds is looted....

Acekidc4:
It's for the main time, everything will normalise very soon. On behalf of Mr President i apologize for every inconvenience this is causing the good citizens of this great country.

Mr President is working around the clock to make this country very great and ease the suffering of the Masses. God Bless you all.


Cc: PATRON

Hahahaha normalize nko anomaly ni

Acekidc4:
It's for the main time, everything will normalise very soon. On behalf of Mr President i apologize for every inconvenience this is causing the good citizens of this great country.

Mr President is working around the clock to make this country very great and ease the suffering of the Masses. God Bless you all.


Cc: PATRON

Park well please.

nairalanda1:


UK that fuel is around 1,451 naira per liter?

In UK, people don't use their cars anyhow...na to walk and use public transport (which also costs money, o!)

ode ! Are you earning in naira or pounds? Compare minimum wage

GodPrince:
Somebody better call that mothafucka to order. We didn't stress on voting queues to vote him only to get this economic terrorism in return. Watin be this na? The guy is quick to make me regret voting him, unlike Buhari I started regret voting Buhari at least 2 years into his government but this just under 2 months I'm so full of regrets

you’re a big Mugu for making a mistake twice

Jackossky:
Come and see queue today

WHERE EXACTLY BRO. IT'S SRILL 5:30 AT SOME FILLING STATIONS IN CALABAR .

Acekidc4:
It's for the main time, everything will normalise very soon. On behalf of Mr President i apologize for every inconvenience this is causing the good citizens of this great country.

Mr President is working around the clock to make this country very great and ease the suffering of the Masses. God Bless you all.


Cc: PATRON

DO U WORK WITH PRESIDENCY OR PETROLEUM MINISTRY ?

[quote author=CallmeTrinity post=124492104]

Yes very soon all Tinubu supporters will be buying fuel at N100 per liter

[/quote
CAN Y'ALL STOP THIS EXPENSIVE JOKE ?

Dotherightthing:
That's their business!

Private importers are coming to crash the prices.

By the way, when is Dangote commencin production sef

U THINK HE'LL SELL AT LOWER RATE ?

nairalanda1:




I no like your tinubu, but removing subsidy was the right thing to do, though he should have supported GEJ when GEJ wanted to remove the thing in 2012.

Still, better late than never. The fact is, if we kept subsidy, by this time next year, we would be spending all our income plus borrowed money propping the thing up. And when IMF says they can't do it anymore....wahala go start.

and also give house of rep 70 billion for furniture