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Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration (12184 Views)

Tinubu Considering ‘Temporary Subsidy’ On Petrol / Wadume With PDP House Of Representatives Member During His Inauguration In Abuja / Sanwoolu's Children Spotted At His Inauguration (Photos) (2) (3) (4)

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Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by frankyychiji(f): 6:51am On Feb 26
Bluearrow:

There is no future! Your govt resumed payment of subsidy after realizing they made a mistake. Why do u think fuel is below 700 when every other product is flying up?
They all know the truth. It was in the headlines recently and they didn't deny it.

Who puts a cart before the horse? Only a senseless individual.

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Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by PHAYOL81: 6:53am On Feb 26
Onanuga said people forget easily, no they hardly do, they merely pretend some certain things hadn't ever happen to push a propaganda or political unrest. They know what they're doing. Tell them certain things (which they've been making them look like new problems)had always been happening pre-Tinubu administration and they'll quickly tell you it wasn't in this tough degree. They know what they're doing but pushing the propaganda in hope to put their failed candidate in good light but more woes await them if only they know.

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Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by Ken4Christ: 6:54am On Feb 26
It's only in Nigeria and probably some Africa countries that a leader knows he is incompetent but will never resign.

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Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by Franking: 6:55am On Feb 26
What has happened since then? Where are the money saved?

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Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by Bluearrow: 6:55am On Feb 26
Shadomaan7:
Tinubu dey act for our interest, make una remember say Naija dey owe NNPC N4tr for subsidy and fuel scarcity bin dey before he enter. Tinubu save us from serious problem.
What difference does it make??
How many people can drive their car now??
Is it not better buying fuel at 195 on queue with subsidy than buying fuel at 700 without queue at a higher subsidy rate?? Nigerians suffered for nothing and are still suffering for nothing. For those of u coming here to post trash, u may not be suffering now because of the stipends this govt is paying u, but bear in mind your children will suffer for it in the future.

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Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by Bluearrow: 6:57am On Feb 26
Franking:
What has happened since then? Where are the money saved?
There is no money saved!
Your govt is now paying Subsidy at a higher rate, making Nigerians suffer for nothing.

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Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by francisbarrack(m): 7:03am On Feb 26
Xscape1993:
Evil party call APC....
Everything about them is evil n nothing good eva come out from them. Lies lies

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Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by RickyJesus: 7:04am On Feb 26
Whalis:
How did he know the financial condition of Nigeria when he had barely sat on the seat?

Immediately you win election all information are been provided to you before swearing in.

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Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by Postinor: 7:05am On Feb 26
nairavsdollars:
If we are paying subsidy, why is fuel still expensive?
because naira was devalued
Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by ufotunang: 7:05am On Feb 26
Incompetent, failures and dull people in ower
Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by nairamaniac: 7:07am On Feb 26
NairalandForumo:
And after removing subsidy Nigeria got into more financial troubles and took more loans, not only that he went back to start paying subsidy at almost 1 trillion monthly higher than what Buhari was paying... And yet some people want us to believe he is a master strategist...

When Tinubu was removing the fuel subsidy and floating the naira I told a lot of Tinubu supporters that Tinubu was putting the cart before the horse, now they know better...





In several of my posts here in nairaland i have used that same phrase of *cart before the horse* and referenced it to Tinubu. He really messed up.
If he was really concerned about how much had gone into dept servicing and high subsidy payments why didn't he invite an independent auditor to look into it and prosecute perpetrators?


But are u sure of Tinubu spending 1trillon a month on subsidy since he came in, upon removal of subsidy? I can't believe that though.

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Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by MichaelSokoto(m): 7:13am On Feb 26
Opintiwa:
It took 8 months later to arrange a delicious bunkum.

Cocaine sniffing dispensation
Bros, d earlier u realize dat in dis God forsaken con3, dat u are on lockdown with both literate & illiterate educated nepotistic tribalistic catastrophic & ill-advised idiots, d better 4 ur mental health!

Why do I say dis?
I have a well read literate idiotic friend who rigorously defended & campaigned 4 d present dictator on seat, even after persuading him say na we campaign for Tinubu in 1999, we know who him be & wat really went down in lagos then... my guy said lai-lai oo!

See us today naaa!

Chairman no dey gree mention emilokan matter again!

Shame!

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Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by nairamaniac: 7:13am On Feb 26
airexx:
Make a little research before you type. Don't be like Tinubu

Someone asked a simple question politely. You decided to be rude and insulting to the person.

Do u think you know it all?

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Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by Brushstrokes20: 7:19am On Feb 26
The defender of devil has SPOKEN! 👀

Pathetic bunch of brainless buffoons always PUTTING THE CART BEFORE THE HORSE!💯
# useless govt of self serving THIEVES AND BLOODTHIRSTY TERRORISTS 💯

# the shyyythole from fry pan to FIRE 🔥🔥🔥

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Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by NairalandForumo: 7:21am On Feb 26
nairamaniac:



In several of my posts here in nairaland i have used that same phrase of *cart before the horse* and referenced it to Tinubu. He really messed up.
If he was really concerned about how much had gone into dept servicing and high subsidy payments why didn't he invite an independent auditor to look into it and prosecute perpetrators?


But are u sure of Tinubu spending 1trillon a month on subsidy since he came in, upon removal of subsidy? I can't believe that though.

https://www.nairaland.com/8002382/petrol-subsidy-nears-n1trn-monthly

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Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by IamCookie(f): 7:28am On Feb 26
jkpbestseries:
Tufiakwa....! Repair one refinery before subsidy removal, he wants to claim hard man. Now Naira has no value again

When former President Goodluck Jonathan wanted to remove fuel subsidy , did he repair one refinery before the act that eventually led to a Nationwide protest !?

Times are different! Why not refer to the 8-year Buhari administration for making matter worse and not making it easy for Tinubu administration , a proper rake-off. A whole 8-years oOo , no successful/ complete TAM of any of the refinery

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Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by nairamaniac: 7:34am On Feb 26
NairalandForumo:


https://www.nairaland.com/8002382/petrol-subsidy-nears-n1trn-monthly
Wow. I'm just seeing this now. Thanx. I never knew it had become this high.
He shouldn't have floated the naira during these times.

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Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by NairalandForumo: 7:36am On Feb 26
nairamaniac:

Wow. I'm just seeing this now. Thanx. I never knew it had become this high.
He shouldn't have floated the naira during these times.

You're welcome, yes he shouldn't have....

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Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by nairamaniac: 7:37am On Feb 26
IamCookie:


When former President Goodluck Jonathan wanted to remove fuel subsidy , did he repair one refinery before the act that eventually led to a Nationwide protest !?

Times are different! Why not refer to the 8-year Buhari administration for making matter worse and not making it easy for Tinubu administration , a proper rake-off. A whole 8-years oOo , no successful/ complete TAM of any of the refinery
Buhari and his cronies invested Nigeria's money into Dangote's refinery. So why would they want any of our national refineries to work before Dangote's Refinery?

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Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by frankyychiji(f): 7:38am On Feb 26
RickyJesus:

Immediately you win election all information are been provided to you before swearing in.
All information? You must think Nigeria is surulere LGA grin
Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by RickyJesus: 7:40am On Feb 26
frankyychiji:
All information? You must think Nigeria is surulere LGA grin
That's how it works, I don't find ignorance cute.
Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by IamCookie(f): 7:48am On Feb 26
frankyychiji:
There was no desperation anywhere. The only desperate situation then was insecurity.
And you can see it still festering and waxing strong!

Transition committee briefing is not enough to give you proper insight on what's truly on ground.

As pissed as buhari claimed he was with subsidy, he never axed it on his first day at work and eight years later.

Removing petrol subsidy may be a good thing, but you don't do it until you have all the facts.

What were the safety nets he put in place to cushion the serious fall out of such removal?

Now, he and his team are running from pillar to post dusting up palliatives that insults Nigerians further and you say the man has sense in his head. Who puts the cart before the horse?

Tinubu was driven by hasty arrogance that's all!

Insecurity ONLY !?? Are you serious The basic roles of govt is stabilisation, allocation and distribution roles and almost everyone knows that the economy is bleeding , how then does the govt begin to allocate so that security can be adequately cater to , knowing that peace is a precursor to development?

If the economy Isn't buoyant , then the insecurity situation will worsen over time.

Maybe you don't understand the reason for setting up a transition committee. It's to enable the incoming govt to hit the ground running using every info at their disposal.

Well , Buhari didn't remove it in its entirety but he did an assessment and evaluation of the consumption side , and this further led to constant borrowings ,that affected the nation. Even , he himself couldn't factor it in the next budget. It was economically bad for him to give considerations to it , after winning his 2nd term.

Subsidy is better put into production rather than consumption. Buhari transfered all the burden on Tinubu ,leaving just a month after his inauguration to face issues without him , looking into short term plan to alleviate people suffering immediately after. Buhari isn't a good leader.

Moving from pillar to post is the team doing their work. It is a normal proceeding. It shows they want things to get better. They get paid for doing their job - don't pity them. After all , govt is a continuum!
Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by IamCookie(f): 7:51am On Feb 26
nairamaniac:

Buhari and his cronies invested Nigeria's money into Dangote's refinery. So why would they want any of our national refineries to work before Dangote's Refinery?

With due respect , this one na beer parlour discussion. Any source or evidence to affirm your position ? Perception can be deceptive.
Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by nedekid: 7:52am On Feb 26
michlins:
Are we not still paying subsidy now or not?


Where is the money coming from and who is funding it
Good question.
For the first time we had challenge yesterday buying diesel to run our operations. Anyway we bought 200l at 1600 per liter ie ₦320,000,i I wrote, that diesel is exhausted. It lasted 24 hrs! Mote part of our operations is on break so we are not running full generators.
What business will survive like this? As it seem, we are not using profit, we practically burnt out our whole capital on diesel. Our income is not covering 50% of our diesel cost monthly!
Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by IamCookie(f): 7:54am On Feb 26
RickyJesus:

Immediately you win election all information are been provided to you before swearing in.


Thank you for this sir. Many do not even know and they claim to understand. As a people , we should endeavour to do better than waking up to criticise always
Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by IamCookie(f): 7:57am On Feb 26
nairamaniac:

Buhari and his cronies invested Nigeria's money into Dangote's refinery. So why would they want any of our national refineries to work before Dangote's Refinery?


Even if this information is/was correct , then more blame should go to the mismanagement by Buhari administration and less to Tinubu.
Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by RickyJesus: 8:00am On Feb 26
IamCookie:



Thank you for this sir. Many do not even know and they claim to understand. As a people , we should endeavour to do better than waking up to criticise always
They criticise from the lens of sentiment, devoid of any critical thinking and knowledge.
Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by nairamaniac: 8:09am On Feb 26
IamCookie:


With due respect , this one na beer parlour discussion. Any source or evidence to affirm your position ? Perception can be deceptive.

Nnpc forcefully bought shares into Dangote's refinery. They bullied their way into it. Even Dangote complained it, cos it was never part of the arrangements when he started the plan right from Goodluck Jonathan's Regime.
Nnpc paid over 2billion dollars of borrowed money to buy that stake.

Guess what Nnpc is now? It's no longer fully a Government establishment.
Meaning there are stakeholders in there who get dividends from yearly profits.

https://www.reuters.com/business/energy/nigerias-nnpc-gets-nod-buy-20-stake-dangotes-oil-refinery-276-bln-2021-08-04/

They steal from our future to invest in their future.
Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by Gentlelox: 8:13am On Feb 26
pdppower:
They lied to us that subsidy favours only the rich. Who is suffering now after subsidy removal? How many rich men have packed their cars because of subsidy removal?
E no go better for all of you.
you're among d rich na

Dey are referring to d poor hawkers and beggars on d Street that doesn't use fuel

God go punish Tinubu
Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by Whalis: 8:13am On Feb 26
RickyJesus:

Immediately you win election all information are been provided to you before swearing in.
A wise ruler will see truw state of things through his eyes himself.
Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by Zetty177x: 8:13am On Feb 26
The truth is, the subsidy was meant to be removed by the end of June 2023 according to what former president, Muhammadu Buhari left behind.

👆👆👆👆👆👆This was extracted from the post above.....

It means Tinubu is following the advice of Buhari.
Following the advice of a lifeless dullard. I nor blame una . Na me I blame to accept to be a Nigerian..
Re: Onanuga: Why Tinubu Announced The Removal Of Fuel Subsidy On His Inauguration by lexy2014: 8:19am On Feb 26
Chinkoalhaji34:
Tinubu showed strong leadership by making a tough decision to remove the petrol subsidy, which ultimately helped to improve the countrys financial situation. His actions were necessary and beneficial for Nigerians in the long run.

how has Nigeria's financial situation improved since the removal of fuel subsidy?

how was the removal of fuel subsidy necessary and how has it improved the living standard of Nigerians?

how has Nigeria and Nigerians benefitted from the removal of kerosene and diesel in the past?

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