IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust - Politics (4)

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IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust - Politics (4) - Nairaland

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Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Flier: 10:40am On Feb 14

I don’t see an end to this until Peg on Naira returns.

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by mokset123: 10:40am On Feb 14

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.

your 30k allowance still they reach you. Who agreed what? And you agree your principal rigged out others what a damning statement

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Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by able20(m): 10:41am On Feb 14

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

In your dream, the naira will appreciate to #900 per $1 by next week

1 Like

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by CodeTemplar: 10:43am On Feb 14

mokset123:
your 30k allowance still they reach you. Who agreed what? And you agree your principal rigged out others what a damning statement

I won't blame you or your type because I was once criticized his policies too but this isn't a show of support to Tinubu. It is just fact. Petrol is half dollar in naira equivalent.

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Emman08: 10:43am On Feb 14

On course to beat Buhari's unprecedented corruption

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by laivwire(m): 10:43am On Feb 14

I have said it time and time again. The mix of floating the naira plus removing subsidy is not a great formula. Now becasue dollar is too expensive, the price of imported fuel would be reaching indescribable heights. To save face, they reintroduce subsidy again. So how do these tough times pay Nigerians if none of the objectives are being met?

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Charly68: 10:44am On Feb 14

What does IMF wants from nigeria

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by mokset123: 10:46am On Feb 14

CodeTemplar:
I won't blame you or your type because I was once criticized his policies too but this isn't a show of support to Tinubu. It is just fact. Petrol is half dollar in naira equivalent.

fact when no make sense. Fact when no consider other factors. In a hurry to do your job without thinking

1 Like

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by nairalanda1(m): 10:46am On Feb 14

CodeTemplar:
...

Yeah, now have a nice day.

Can't change the fact things have to be sold at a profit before things make sense.

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Justrubby: 10:50am On Feb 14

Johnjustice:
IMF is taunting us now.
Mr President, join BRICS, IMF has no right to be meddling in our nation affairs, when they know our reliance on dollar for imports brought us to this mess. Shun dollar, join BRICS, South Africa will bring us in, or we can form our trade organization with trade partners and pay each other with local currency...what is so special about European imports, that we can't get elsewhere?

You're wright, but I don't think this can work under democracy especially in our current government. What Nigeria needs is another 10years of minitery rule, only then can all this nonsense stopped

Nothing is special, most of the goods we need are in Africa and Asia.

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by cornelman: 10:50am On Feb 14

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 don't understand what you're saying. Do Nigerians spend dollars? Is 0.5 USD a year ago what it is now in the Nigerian economy? When you float a currency, then it should have a defined range say 900 to 1000 naira per dollar over some years. It is from this you start to work to strengthen it and increase its value by bringing confidence into the economy for investors. But we know over the last few months, the value fluctuation of naira is too high. It was about #900/1usd a few months ago, today it is more than #1500/1USD. As of today, you can't really give the exchange rate a range. We hope it won't jump to #2000/1usd before month end.

The government seems not to understand anything about how to stabilize naira because if they do, as of today, we should have had a stabilised exchange rate. But now, who is willing to put money in an economy that has it's currency undulating like an erratically displaced pendulum bob? How do you project for your company? Or you don't know that there's nothing that kills a new business faster than an unstable economy? How do you sustain your business with limited resources in the face of inflation when you have not even break even? Get more loans?

You APC supporters really need to sit down and think. The problem I have with most of them is that they don't think deeply. They are shallow thinkers and that same thing is affecting those of them appointed in government. See the CBN governor, the economic team, the advisors, all of them are shallow and hasty thinkers. They don't think through to understand and device means to mitigate the consequences of their policies.

They miss timings, mode of implementation, and the extent of the policies they implement. "Rush and do" people.

Their supporters are evil worse. They defend what they don't understand.

Many of them just think with their tails.

It is well with Nigeria o

2 Likes

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by nairalanda1(m): 10:52am On Feb 14

CodeTemplar:
...

Yeah, now get on and have a nice day...

Things cost money, things cost money. Cry over it. cheesy

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by fasbat(m): 10:56am On Feb 14

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

FG should remove the subsidy completely, patapata ni won nfo oju, strong man should take a bold decision, a litre of petrol will be sold above #,1000, and govts will have enough money to build roads and other Infrastructural developments! Like a BOLD and courageous govt, trust,there won't be any form of protest, we will salute the man at the helms for his solid economic decisions

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Exceed15: 10:57am On Feb 14

I laugh and I will continue to laugh. Shebi una say vote for Tinubu.. oya na .. we dey there together. Awon alayi ni ronu

1 Like

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by CodeTemplar: 10:57am On Feb 14

nairalanda1:

Yeah, now get on and have a nice day...

Things cost money, things cost money. Cry over it.

stop being immature. I exposed you to improve you.

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Akaegwu(m): 10:58am On Feb 14

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.

Rigged out 😂😂😂😂

1 Like 1 Share

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by CodeTemplar: 10:58am On Feb 14

cornelman:

You don't understand what you're saying. Do Nigerians spend dollars? Is 0.5 USD a year ago what it is now in the Nigerian economy? When you float a currency, then it should have a defined range say 900 to 1000 naira per dollar over some years. It is from this you start to work to strengthen it and increase its value by bringing confidence into the economy for investors. But we know

Some people just think with their tails.

equivalent of $0.5. We don't spend dollars.

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by fx45(m): 10:58am On Feb 14

Jessyjeff:
We have known this fact since September last year.

It was an ill - thought action by Tinubu. His government seem confused. Policy flip flopping almost every week. The result? Ebi npiawa azu as the new normal in Nigeria.

Na so...

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by remi2good: 11:00am On Feb 14

Where is that urchin that always dedicates great great jams at the onset of this administration? Has he ran out of steam or the hunger in the land has taken the better part of him?

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Patojargz: 11:02am On Feb 14

So na back door settings now... No wahala!!!

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Bluntemperor: 11:04am On Feb 14

Yong4ever:
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.

I can't agree less and these Indomie Generation on Nairaland should learn from elders in the house - how Babangida- the self-stiled, former general came and illegally brought in SFEM( Second Tier Foreign Exchange)FOREX and when he saw it was not working ,threw in SAP( Structural Adjustment Programs) as he was being tele-guided by IMF and the World Bank and again because of greed ,selfishness and wickedness and Nigeria never came out of it!
Worst,the CBN governor was directly operating under his instructions- all efforts to kill Abiola June-12-Elections and he eventually abandoned his Mission,ran to Abuja and stepped aside for Abacha!
Nigeria was never the same again,as
there was No Accoutability under his regime and it was there way of life!
Tinubu must have learned his lesson,not to listen to these Foreign Institutions, because they want to have their ways!

1 Like

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by oshiokpu(m): 11:06am On Feb 14

It’s a no brainer. With dollar exchanging at about 1500 Naira the only way fuel can sell for 630 Naira is if someone else is paying the difference I.e subsidy. Because the pump price of fuel is directly proportional to exchange rate.

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by donmik: 11:06am On Feb 14

immortalcrown:
Unstable people.

"Tinubu will handle the economy, Shettima will handle security." Oya nah🤷

Very easy to promise cos they want to get there and suck our blood

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by fx45(m): 11:08am On Feb 14

allenpaul:
Sincerely this Tinubu na just over hype dummy,he thinks to bribe, killed manipulate system to get ur way is intelligence now he's facing the reality he's incompetence is open to all,i wonder where that moniker @IconicR dey make she come see bad product she marketed for Nigerians.

She operates as EreluRoz now

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Deefirm: 11:10am On Feb 14

If you like change name a million times, my advice for you is, the earlier you start living a life free of delusion and sentiments, the better for your mental health. Because like this, I doubt if you're stable to think rationally.

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.

1 Like 1 Share

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Galadimabawa: 11:11am On Feb 14

We all know this since, tho they still come out and deny it as usual

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by a4cube: 11:12am On Feb 14

Johnjustice:
IMF is taunting us now.
Mr President, join BRICS, IMF has no right to be meddling in our nation affairs, when they know our reliance on dollar for imports brought us to this mess. Shun dollar, join BRICS, South Africa will bring us in, or we can form our trade organization with trade partners and pay each other with local currency...what is so special about European imports, that we can't get elsewhere?

Nothing is special, most of the goods we need are in Africa and Asia.

As if its that easy.

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by ShootThemAll(m): 11:12am On Feb 14

The psycho Kriminal and certificate forger removed fuel subsidy in public and put it back behind doors while Nigerians are paying at very high unsubsidized price, that means Thiefnubuuu is actually not paying a dime on subsidy. The psycho is taking the whole money.

That's how d*rug cartels operate. They take everything and show no remorse

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by RussellRutherfo: 11:16am On Feb 14

mrvitalis:
The issue with IMF and WORLD BANK is they assume African leaders are smart

You are telling them to remove subsidies they would remove subsidies and use the money saved to build bridges , roads, airports and unneeded feel good projects

This is is how obi said float the naira and they floated an unstable currency, without defined market forces and turned around to say this is what obi said

Talk to them like u are talking to kids

1) remove subsidies

2) use the money to invest in your people by provided cheap credit for banks to give to people in identified area of comparative advantage

3) comparative advantage is things you can produce cheaper n more efficient than majority of the world

4) they them infrastructure to be invested in now are key fundamental n needed infrastructure not wanted ones

Obi purge you there. Is Obi the President?

Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Johnjustice: 11:18am On Feb 14

a4cube:
As if its that easy.

Are you a slave?
Is Nigeria not a sovereign country?
Nothing can happen, stop accepting neocolonialism.

People like you change things...it's easy, it's about political will, South Africa and all the nations on BRICS did it. We have selfish leaders that's why they won't do it.

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