what will be the impact of the 8trillion on the average Nigerian? nothing absolutely. just more money to loot and spend on stupid travels

These people are plane stupid!!! Saving their loot rather.

Just do it and stop with all the talk!!!!

Chukwuka319:
Very good of the government.At least the funds would be channeled into improving critical sectors of the economy and fueling growth and development.
Just hope Betta Edu Syndrome won't surface over the management of the money.

make una dey try use una sense o...
Cos why are they still borrowing?

That's a mere 8billion USD .

That's the annual budget of a LGA in California.

Should we suffer because of a meagre 8b usd?

Another story.

Yet another propaganda!! People are dying of hunger and starvation!

ogododo:
:


https://punchng.com/fg-saves-n8tn-from-subsidy-removal-fx-reform-tinubu-panel/

What is the positive impact of the one saved so far?

Chukwuka319:
Very good of the government.At least the funds would be channeled into improving critical sectors of the economy and fueling growth and development.
Just hope Betta Edu Syndrome won't surface over the management of the money.

see ur mouth, u will never learn

Save it first

The same subsidy Tinubu fought GEJ not to remove? And this retar.d is telling us how much will be saved? So Tinubu deterred our economy saving this much by lying to Nigerians and impoverished the country cuz of his selfishness?
Thunder fire taiwo
Thunder fire tinubu
Oloshi amugbo oloriburuku ota aje

chrisxxx:
The cost of subsidy removal outweighs the benefits. The only way this will start to make meaning is when there is steady power supply. And when we steady power supply it is no longer necessary to subsidize as only rich Nigerians will be needing fuel for their cars.

Steady supply of electricity won't even do any magic at this point unless the minimum wage is increased by over 400 percent so That the purchasing parity of an average nigerian will tally, if not people wont even afford electricity.
The real inflation rate is over 100%.Nigerians are in big shit.

ogododo:
:


https://punchng.com/fg-saves-n8tn-from-subsidy-removal-fx-reform-tinubu-panel/

Mike Ejeagha story you pple no dey tie with scooping

How does the money affect common Man on the streat , We have to be objective in this Country.

ogododo:

Ur head get oyel. Dis people think we be mums. How dem dey borrow like borough.

How much did the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, say the Federal Government will be saving from the fuel subsidy removal and exchange rate unification policies?


How much is Nigeria total budget?

Good development

Money that should have saved us is saving goverment.

No problem 🤝

If you can save 8tr in a year because of subsidy removal while making nigerian people pay the money. Why not use that 8 trillion to continue to pay subsidy to keep the fuel price low for the people you govern?

Brendaniel:


And the government had to borrow more than 8 trillion to fund the 2024 budget...


Who is the joker here?

The money they saved was not even there in the first place. They need to generate it. Buhari budgeted for subsidy which was not backed with money.

This guy likes speaking English…. Yet months after he was appointed there is nothing on ground to show for it. If the impact is not felt by the masses then nothing is done!

They told us we consume more that 70 million liters in a day.

Later they said it has reduced to 60 million liters.

Even if it’s 1 million liters let assume 670 today price vs previous price 200.

670 - 200 that’s 470

470 X 60 million 28,200,000,000 savings in a day. In a month that should be 846,000,000,000

In 6 months that should be 5,076,000,000,000 (five trillion)

Also the money they saved for floating the naira
From 550 to 110.

The price of petrol is still being subsidized. That explains the differential between the price and that of kerosene and diesel. In addition, oil marketers are not importing it and it seems Dangote has omitted it from the list of products it will be refining for now.

ogododo:
:


https://punchng.com/fg-saves-n8tn-from-subsidy-removal-fx-reform-tinubu-panel/

And you are still borrowing..
Like Supreme Court like FG

Saved into whose pockets?
Why remove what was beneficial to all and save it into the pockets of a few?
Thieves.

ogododo:
:


https://punchng.com/fg-saves-n8tn-from-subsidy-removal-fx-reform-tinubu-panel/

But the idiot said 1Trillion every month.

grandstar:
The price of petrol is still being subsidized. That explains the differential between the price and that of kerosene and diesel. In addition, oil marketers are not importing it and it seems Dangote has omitted it from the list of products it will be refining for now.

Dangote plans to refine petrol this year, maybe, (if I understood) February.

Kenochi:
I am in complete agreement with Mr Taiwo Oyedele,this government would save a lot of money from Subsidy Removal.It is a no brainer,Nigeria will benefit immensely from the operations of both the Dangote Refinery and the Port Harcourt Refinery when they both begin operations
This is due to the the fact the most imported products as at the Third Quarter were petroleum products.This alone cost Nigeria close to 9 billion dollars in 2022

The biggest challenge I have is the continuous fall of the Naira,it is almost unfathomable that we are still seeing the decline, something tells me there are factors which are not adding up
I am confident though that when we start the anticipated large scale economic activities from the Refineries will scale up the Rise of the Naira
It is not a matter of if,but when

if government saves from the so called removal of fuel subsidy, will it enable the people to save?

how much has government saved from the removal of subsidy from kerosene and diesel?

you say government will save but the same government introduced palliatives to cushion the effect of subsidy removal. is palliative not subsidy?

what factors are not adding up in the decline of the naira against the dollar?

This Taiwo dude is one of the problems with this government, giving false hope and analysis. All this talk of expected income is building castles in the air. The economy is bad.

Nigeria is broke, we don't have money. Our budget is too high, the policies are not working people are suffering.

What we need is to adjust our spending and reduce our budget. Stop borrowing for now and stop all white elephant projects.

drlateef:


The money they saved was not even there in the first place. They need to generate it. Buhari budgeted for subsidy which was not backed with money.

if you say that "The money they saved was not even there in the first place", then which money was saved?

how do you generate what was saved?

how did buhari budget for subsidy without backing it with money?

what did he back it up with?