Belial06:


It jusrt means that its padded and hidden under a different name which makes this crime even worser than we thought . The truth is irrespective of politics leanings we can all agree that the subsidt is thw worst thing to happen to Nigeria , so why resume the payment an hide it under a name?

It's is the best thing to happen to the country because that is what has direct impact on the citizens.

How can you pad subsidy?

It has never been in our budget. Running a government is not simple. It's not everything that is made public.

Do you know how many times Buhari said he has ended subsidy?

It's IMF that always say he has not because government furnish them all their financial data for analysis before they can borrow them money.

ogododo:


https://dailytrust.com/imf-confirms-return-of-petrol-subsidy-under-tinubu/#:~:text=The%20IMF%2C%20in%20its%20latest,reversing%20the%20fuel%20subsidy%20removal.%E2%80%9D

Everybody knows subsidy has returned with exchange rate @ N1400 petrol should be N1200/ liter minimum.

Chicagograduate:
Are citizens of other OPEC countries facing economic hardship due to the natural resources that God gave them like Nigeria?
It now seems the crude oil is a curse to Nigerians except the politicians and their associates who feed fat on the people's benefits.

what is the population of those opec countries and compare it with Nigeria. You can then extrapolate that those countries oil export far outweigh all their domestic imports and that is the difference. If you want to run a sought of welfare capitalism then tax rate should go as high as 60% and a very high tax to Gdp ratio. You don't expect other countries to borrow you money especially tax payers and you then sink into your own subsidies that is a ceasepool of corruption without any available reasonable way to pay back. Primarily The reason why Nigerian Bond are rated junk. Subsidy on health, primary and secondary education, agricultural subsidies are beneficial for society. Subsidising businesses with exemption of R and D makes them lazy and inefficient cannot compete globally as thier are no incentive to improve efficiency

NzogbuNzogbu:
does it make sense to you that naira is crashing against everything but only fuel is staying at -#650 miraculously

Tinubu is paying subsidy but why his own subsidy is now still more expensive than the previous govt is what we don't understand

Wetin be dey use our money do no evidence

Tinubu outspent every other candidates to buy the presidential sit. He's now recouping lol

So why are we paying 670 per liter? Why is tinubu so heartless like this?

Nothing good can come out of Tinubu is a criminal thief

Africans and foreign validation. So you need a foreign entity to tell you subsidy has come back as against your countries. Same foreign institutions that have wrecked the economies of many African countries. That is how celebrities carried themselves to USA. Grammy used them for free publicity and gave our girl from South Africa that is not even equal to an average artist in Nigeria, Grammy. I do not rate all this foreign institutions, they are all after their interest.

christistruth01:
Fake News

IMF has no business with FG Economic Policy

says who, aren't they the one who deregulated your foreign exchange since 1985 during Babangida's regime? making naira what it is today, whether you like it or not, Nigeria is still suffering from neocolonialism.

CodeTemplar:
the subsidy was already programmed to stop a month into tinubu's reign. He merely backdated it by declaring on May 29 that it is "gone for good".

Is it gone now?🤣🤣
You people have refused to use ur brain because of ethnic or religion affiliations.
It's not party affiliation because u all try to blame buhari and emefiele and exonerate Tinubu and cardoso not minding they are all same APC 🤣
So it's either ethnic or religion affiliations that is still making you guys to defend Tinubu.

Useless govt of self serving THIEVES AND PROPAGANDISTS! 💯💯

dionma:
Africans and foreign validation. So you need a foreign entity to tell you subsidy has come back as against your countries. Same foreign institutions that have wrecked the economies of many African countries. That is how celebrities carried themselves to USA. Grammy used them for free publicity and gave our girl from South Africa that is not even equal to an average artist in Nigeria, Grammy. I do not rate all this foreign institutions, they are all after their interest.

Well
Water by tyla beat any of the songs that was nominated for that award category
If it's by biggest artists, Na 2face etc we go dey see for all the awards
Again, water by tyla is the best song in that category

Nonexisting:
Tinubu online cretins have always said there's no more fuel subsidy, who is IMF? Are they more knowledgeable that Freestuffs and his comrades here? Mtchew

That is why prices didn't increase since last year. He admitted it but people didn't noticed.

When people like us post,people should read and learn.
I posted same.
The Emilokan being empty has put himself in a corner.
Oponu removing subsidy and devaluing the Naira at the same time!Even a monkey won't do that.

The hard truth is... Fuel is still being subsidized.

These people will lie their way through 2 terms in that office, and hand over an irreparable nation to another misfit.

Nonsense reports!
Questions for Daily Trust and it's anti- govt crews is that - when did IMF ever see anything good in Nigeria govt,the moment they are not give free hand of operations and in fact any 3rd World Country Economy?
IMF and World Bank can't see anything good,than for such govt they believed in to:
1. Tax the People,
2.ensure Regular Raw Materials for their host developed Countries,
3.they are actually the lead of the most developed Countries but they are quick to Loan other Developing Countries Money,so as to make these developing Countries poor!
4.both the IMF and World Bank as sister Company knows well that most developing Countries have serious foundations or fundamental and chronic Economic issues and will device situation that you can't get out after their prescription the moment you get their facilities!

CodeTemplar:
Before tinubu entered, we paid 0.5 USD official rate per litre and we are paying just around that 0.5 USD right now.

The only real policy change as it stands now is floating of Naira which we virtually all agreed on.

The complains and focus on Tinubu are largely inspired by political fortune of those rigged out.

You and who agreed on floating of naira? You must be a comedian. Did Angola not remove subsidy? Did they remove it at once and did you hear their people go hungry and protesting like our people as seen nationwide?

Let me remind you of something you've been blinded by this your mentor not to see.

Jonathan didn't just wake up to remove subsidy. He had already put enough palliatives in place. I remember the sure-p programme which was what the proceeds of the subsidy was centered on. What did Tinubu and Co do? They stormed the streets and sponsored protests just to gain power. They said subsidy was a scam. Where is the money saved so far from that subsidy since last year? Why are they still paying subsidy they said had gone? You need to go back and think of better ways to defend this clueless man.

Jokerman:
So that means the price of petrol will go back to 200 per litre or 150 per litre now?

No, we have just been scammed.

A confused and unstable government. Oya na! The master strategist

ogododo:


https://dailytrust.com/imf-confirms-return-of-petrol-subsidy-under-tinubu/#:~:text=The%20IMF%2C%20in%20its%20latest,reversing%20the%20fuel%20subsidy%20removal.%E2%80%9D

Honestly, we have entered One Chance. How are we going to get out of this!

All stakeholders must put hands on Deck to deliver us from impending calamity.

Sobs!

[color=#000099][/color]

CodeTemplar:
the subsidy was already programmed to stop a month into tinubu's reign. He merely backdated it by declaring on May 29 that it is "gone for good".

Must you defend silly act? Subsidy was slated to stop by July but Tinibu even without consulting stakeholders removed subsidy. It is a foolish act. Consult the stakeholders first, see what is on ground and then know how resolve the trend. He removed subsidy by May and the price of fuel rose from #180 to #650. In August, just two months after he started to pay for the same subsidy which he removed, with pump price still at #650. And as human being you are defending him because he is from your tribe... Clap for yourself

Everything will be fine.
It is the initial GRA GRA to a good but hard economic decision.
We are all feeling the pain for the rot our selfish rulers have deeply inserted the nation.
Mine is for that subsidy not to come back and that is what is really causing these ripples.
Heartless people.

Disappointed for not able to killed the fighting spirit of the Nigeria.

Is it your backdoor?.

Who no no that one , if not fuel for don reach 1200 by now

Bat is simply being a coward and uninterested/ has no sincere plan in developing nigeria.

Rather than face the issues that have made subsidy unsustainable, he choose the cowardly route by leaving the masses to the hyenas.

Tackle the foundational issues that make subsidy unsustainable as well as the dubious dealings in fx transactions before taking actions that further impoverish the masses.

oyeb15:
IMF should mind their business. Government should bring back fuel price to #145 so that we can have a stable economy. If money that's used to defend naira is used for subsidy payment, over economy will boom internally and dollars will fall.

Jonathan paid 1trillon on subsidy when national budget was 2.5 trillion. Our economy became d best in Africa and dollar fell to #140.

Check d fraud in subsidy.we don't consume up to half of what NNPCL projects.
The suffering is unbearable and d only solution is to reduce fuel price to where Tinubu met it.

You have said it all
The govt needs to find a way around reducing pump price, that is the only way to tame this unending inflation to a certain level. Everything depends on transportation to move, if fuel sells at a lower rate, it will go a long way in fighting inflation. There wouldn't have been need removing subsidy, it was a very wrong decision. Nigeria economy was never ripe for such decision.

Hmm

christistruth01:
Fake News

IMF has no business with FG Economic Policy

For IMF to be talking it is clear government needs a bailout from them. Keep on living in deceit

when a snail runs faster than Nigeria economy, it's a thing to worry about, you needed power and got it, I don't want to be hearing all these stories, i need result . things are already going out of hand biko

nairalanda1:


Because if I open a refinery, and government tells me that I have to sell fuel below what it costs to produce it, and then they pay a subsidy that barely covers the resulting loss, and crucially does not let me make a profit, at the end of the day, I would be broke, and the refinery would be broke..

Unless you have the kind of financial resources like Dangote that can provide collateral for any loans you take to build a refinery, one cannot build a refinery with a subsidy in place. It is either the fuel is sold at a profit, or wahala dey.

You are not making sense.

Govt has never told any refinery to sell below market price. They buy at market price and give to marketers to sell below or pay marketer who sell below market price the difference.

You have peddled that lie for too long.

CodeTemplar:
when was that exactly?

Subsidy in other words actually implies selling at a loss

Obakoolex:
The kind of news that gives yam leggers hard- on

Coneheaders on the mud

Why e no go sweet me