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Nairaland Forum / Nairaland / General / Politics / Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday (22262 Views)
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Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by Shimbo96(m): 7:33pm On Feb 16 |
seborrhic:I'm surprised most of you believe every bad news that happens to Nigeria almost immediately but if this is good news now you will all say it's a lie. You people are part of Nigeria problem. F00ls. So you are saying God is the reason for our suffering in Nigeria right now? Because PO is not the president? We are our own problem. |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by Babastrong(m): 8:20pm On Feb 16 |
Said and done,
On Tinubu mandate i stand gidigba.
may God bless Tinubu, God bless omoluabi and nigeria in general. |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by Gjrich(m): 9:27pm On Feb 16 |
Funny enough I am seeing the hand of God in this This is because BAT is just being exposed and disgraced not just as being grossly incompetent,but for being hypocritical because same subsidy he rallied against GEJ,claimed does not exist,but is not only going behind the back to pay,after having stupidly floated the ₦ at the same time, but is now paying at least double what other presidents ever paid. Who says God doesn't exist indeed![/quote] If you have knowledge of advance fiscal and Monetary ECONOMICS, you will understand that the hardship in Nigeria is just starting. No sane country will float their currency as a national policy and remove subsidy in a sector like ENERGY at the same. These two policies at the same time is like trying to conserve OXYGEN by holding someone’s noise tight hoping that the person can also breath through the anus. On the issue of subsidy removal, Tinubu acted like a promiscuous Nigerian male undergraduate who simply rushed out to buy CONDOM and changed his bedsheets simply because someone told him that he sighted his girl friend in their neighborhood. No plan of the said girl friend's visiting initially. No consideration of whether the girl is in that neighborhood just to buy sanitary pads. Acting before planning at the extreme. With time tissue paper may be sold at N12,000 per unit. Ph. Ph.D. or professorship can not guarantee the quality of economic advice or policy implementation. |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by Gjrich(m): 9:30pm On Feb 16 |
If you have knowledge of advance fiscal and Monetary ECONOMICS, you will understand that the hardship in Nigeria is just starting. No sane country will float their currency as a national policy and remove subsidy in a sector like ENERGY at the same. These two policies at the same time is like trying to conserve OXYGEN by holding someone’s noise tight hoping that the person can also breath through the anus. On the issue of subsidy removal, Tinubu acted like a promiscuous Nigerian male undergraduate who simply rushed out to buy CONDOM and changed his bedsheets simply because someone told him that he sighted his girl friend in their neighborhood. No plan of the said girl friend's visiting initially. No consideration of whether the girl is in that neighborhood just to buy sanitary pads. Acting before planning at the extreme. With time tissue paper may be sold at N12,000 per unit. Ph. Ph.D. or professorship can not guarantee the quality of economic advice or policy implementation. |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by Iseloogunise: 9:45pm On Feb 16 |
Where are the Tinubu keyboard warriors who sang his praises and presented him as messiah Nigeria needs? There insightful contributions now would have been helpful and really appreciated. What amazes me about governments in Nigeria is how quickly they rush into decisions that inflict pains on Nigerians without any careful consideration. They all do and you can't spare any one of them since 1999. Yet they NEVER see themselves as a group that should make any sacrifice in cutting down the size of their governments or the amounts they vote for themselves - that's sheer hypocrisy... reason Nigeria can't make any progress. Everybody is insincere. People cash out on every calamity that befalls Nigeria Subsidy, people benefit fuel scarcity, people benefit forex hoarding, people benefit common NEPA man will come to your neighourhood and they'll be looking for ways to reap you off market woman will benefit from any slight excuse to increase costs beyond necessary Nigeria is in a deep mess civil servants, don't even mention them... Tinubu probably has nothing to offer, this is made worse by the kind of people he leads...people who like reaping where they didn't sow. A thoughtful leader will act in steps and cautiously. SInce childhood, we've known that whatever affects pump price, affects every other thing. In recent years, it became whatever affects dollar exchange rate, affects everything. What kind of leader will bring the two multiplier effect triggers into action at the same time? A stupid or wicked one? It was Reuben Abati who said demons live in Aso Rock (https://guardian.ng/opinion/the-spiritual-side-of-aso-villa/). Of course he was there! he knows what he's talking about! Maybe these demons direct the thoughts and actions of our leaders. At N1 098/l petrol landing price, at N600/l retail price, at N1tr subsidy monthly, hardship in Nigeria seems to be on a rehearsal... it's yet to start. We really need divine intervention Refineries locally need to work - not the Dangote type, I mean refineries owned by government, managed on behalf of the people. We need to diversify our economy; invest heavily in education, the so called informal sector; protect local industries, small and medium scale industries, re-orientate people to think differently and not see any misfortune of others as an opportunity to blow- it may seem irrelevant but it's as important as making refineries work if people factor must be considered in making a society work. Because these things might be impossible to achieve, I can only feel extremely sorry for innocent honest Nigerians who are not reaping in anyway from this chaos. |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by Ckonnet: 5:55am On Feb 17 |
reiddecuti: Right now, public transport in Luxembourg is free. |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by searchlight: 12:24pm On Feb 17 |
toujurs:It is not his fault sir. When he built Lagos cement was cheap unlike now that one bag is 12k. What do you expect him to build Nigeria with? Agbado or ewa? 1 Like 1 Share |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by searchlight: 12:27pm On Feb 17 |
mobileboy:What does floating naira means. I don too hear this term. |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by toujurs: 1:00pm On Feb 17 |
searchlight: |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by mobileboy: 1:06pm On Feb 17 |
searchlight: Just a term used for dollar subsidy During previous administrations the government supply dollar at a fixed rate just the same way petrol is supplied at a fixed rate The way/rate at which the government is getting the dollar is more expensive than how much they selling it hence dollar subsidy Most of the bureau de change gets their dollar at subsidized rate from CBN then sell at a slightly marked up price to the populace Now government stopped supplying anyone subsidized dollar claiming the subsidy is not sustainable |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by reiddecuti: 1:42pm On Feb 17 |
Ckonnet: That's for countries seriously developing. They deliberately are putting things in order, not giving excuses, accusing or blaming. |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by mutvy: 5:22pm On Feb 17 |
Nigeria is in the hands of thieves. |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by bluefilm: 6:46pm On Feb 17 |
seborrhic: You cannot shame the shameless |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by Splashme: 7:34pm On Feb 17 |
Chai ! |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by Kinzo0917(m): 5:53pm On Feb 18 |
Fujiyama: Who is this your friend you are missing d most? |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by blueAgent(m): 2:39pm On Feb 19 |
Greenfaces: Point of correction. democracy is never a disaster, It is not a disaster in US, UK,Canada e.t.c. Talk what you know, abeg. |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by blueAgent(m): 2:58pm On Feb 19 |
Jayhome24: And you have 8years of hunger and hardship to survive. Zombie. |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by blueAgent(m): 3:04pm On Feb 19 |
Faceonme1443: What magic would the working refineries do? Do you think all the refineries working would reduce cost of petrol? Typical APC clown. |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by Greenfaces: 5:25pm On Feb 19 |
blueAgent:I greet you boss. Try make you dey stay your lane. E no dey kee person |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by blueAgent(m): 11:11am On Feb 20 |
Greenfaces:Which lane? For Nigeria , na one way lane we dey drive. You dey learn? |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by Greenfaces: 2:53pm On Feb 20 |
blueAgent:No be lie sha. Dollar don dey enter 2k oh. How we fit take make dollars from here na watin man suppose dry reason now. Make we no dey fight each other. 1 Like 1 Share |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by blueAgent(m): 4:01pm On Feb 20 |
Greenfaces: God help us |
Re: Petrol Subsidy Nears N1trn Monthly, Bigger Than When Tinubu Came - Businessday by nairamaniac: 7:32am On Feb 26 |
tensazangetsu20:He also built Lagos. |
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