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Nairaland Forum / Nairaland / General / Politics / IMF: Why We Asked Nigeria To Remove Fuel Subsidy (15282 Views)
Mary Beth To Buhari: Remove Fuel Subsidy Before You Go / Tinubu: I Will Remove Fuel Subsidy, Your Protests Won’t Stop Me / Atiku: Oshiomhole Frustrated Plans To Remove Fuel Subsidy By Obasanjo Government (2) (3) (4)
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IMF: Why We Asked Nigeria To Remove Fuel Subsidy by Morbeta11(m): 7:11am On Apr 20 |
https://www.vanguardngr.com/2024/04/imf-why-we-asked-nigeria-to-remove-fuel-subsidy/ 3 Likes 1 Share
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Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by nedu666: 7:16am On Apr 20 |
Poor people also benefit from subsidies. If not why are they paying triple the cost of transport. It is not until you own big car before you are a beneficiary of subsidy. 101 Likes 8 Shares |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by malali: 7:17am On Apr 20 |
IMF ASKED YOU TO REMOVE SUBSIDIES WITHOUT ADEQUATE JOB PROVISIONS. THESE WILL PROMOTE BRAIN DRAIN (JAPA) THE PEOPLE YOU TRAINED FROM BIRTH TO 20 YEARS WILL NOW MIGRATE EN-MASSE TO BECOME SLAVES IN WESTERN COUNTRIES. HUMANS ARE THE NEW COMMODITIES WHEN ABROAD THEY ARE USED FOR THE MORE MUNDANE MENIAL JOBS WHILE THEIR OWN CITIZENS ARE FREED TO DO MORE INTELLECTUAL ACTIVITIES THAT WILL LEAD TO NEW DEVELOPMENT IN THEIR COUNTRIES. NIGERIAN GOVERNMENT IS TAKING ADVISE FROM PEOPLE WHO CAME TO STEAL HUMAN BEINGS FROM AFRICA AS SLAVES (EQUIVALENT OF ENERGY AT THAT TIME) TO BUILD AND DEVELOP THEIR OWN COUNTRIES. NOW THESE PEOPLE ARE ASKING US NOT TO SUBSIDIZE POWER,KNOWING FULLY WELL CHEAP POWER IS DIRECTLY RELATED TO INDUSTRIALIZATION AND DEVELOPMENT. SAUDI,IRAN,IRAQ,RUSSIA,VENEZUELA AND UAE ALL SUBSIDIZE PETROL/LNG. EVEN THE USA ! BIDEN RELEASED THE SPR TO SUBSIDIZE/CRASH PETROL PRICE 2 YEARS AGO, SEE LIST OF AMERICAN SUBSIDIES BELOW !! TELL IMF OUR PROBLEM IS CORRUPTION. 51 Likes 1 Share
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Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by Wainey: 7:18am On Apr 20 |
Ok o. Subsidy or not, many Nigerians will still be poor 1 Like 1 Share |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by AbuTwins: 7:21am On Apr 20 |
The biting cost don becloud the minds. 2 Likes |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by JASONjnr(m): 7:21am On Apr 20 |
The fuel subsidy removal is necessary, but what matters is how the money is used? Ofcoz subsidy made life easy for Nigerians... But a certain people was embezzling the money and living large. But Tinubu took it very personal and removed subsidy from everything. Now in charge of all the money. Disbursing 50k to Nigerians is a very stupid thing to do. Regulate price of goods in the market.... So that we can afford them. 50k feeding can only last for 5days or less! 13 Likes 3 Shares |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by Macphenson: 7:22am On Apr 20 |
ok |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by grandstar(m): 7:23am On Apr 20 |
The price of petrol needs to be deregulated as done with diesel and kerosene so the subsidy be done away with once and for all. This will free up an extra 500bn monthly. With 50% going to the states and local gocernments, that would be an extra 250bn for them. This is on average 7bn per state. The 250bn going to the federal government will reduce its borrowing need. 3 Likes |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by GreatrAnalyst: 7:23am On Apr 20 |
The actual imperial, colonial ones Ruling by proxy. They won't suggest any policy that doesn't help they themselves. 18 Likes |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by GanagiBitrus: 7:23am On Apr 20 |
Whatever the justification, FS removal has brought untold hardship upon Nigerians. 14 Likes |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by SWORD419(m): 7:23am On Apr 20 |
What does an average nigerian benefit from the government other than subsidy 38 Likes 1 Share |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by swiz123(m): 7:23am On Apr 20 |
Very stupid reasoning by the IMF. Cheap fuel meant cheaper transportation, cheaper goods and cheaper services all of which benefit the poor massively. With subsidized fuel, the chances of the poor to break the vicious circle of poverty is further increased. Without it, most have been dragged below the poverty line and with little hope. 30 Likes 1 Share |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by greenermodels: 7:24am On Apr 20 |
I don't blame the evil minded guys at IMF rather I blame the foolish president that removed subsidy without thinking of the effects on the people he's leading, Western countries enjoy all forms of subsidy, from free education to subsidized housing, subsidized healthcare, subsidized food and agriculture to subsidized energy yet they told him to remove all subsidy and he acted without thinking because he wants to look smart. What a failure, worse than Buhari. 31 Likes 1 Share |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by Brushstrokes20: 7:24am On Apr 20 |
Àwon werey, mashanfani eda gbogbo! 💯💯 1 Like |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by nairavsdollars(f): 7:24am On Apr 20 |
FG should stop taking advice from these people. They don't mean well for us 15 Likes |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by Judolisco(m): 7:24am On Apr 20 |
Imf don't understand shit.... Now that subsidy has been removed, everything is now expensive, d so called savings wil still be looted by few people.... I don't know what's difficult to understand here..... I don't blame you guys but d clueless people in power..... The only thing Nigerians benefit from d government is still dis subsidy, d concept that only a few people are benefiting from it is a big lie.... If few people are benefiting from it is, then good your work has been cut short, go after d few people benefiting and leave Nigerians alone 10 Likes |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by oluwaseyi0: 7:25am On Apr 20 |
Subsidy should stay 4 Likes |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by phransix2: 7:25am On Apr 20 |
Despite the removal what has changed? Inflation is off the roof, businesses shutting down, hunger on the rise and insecurity. You should have studied the volatile African Market first before issuing advise. 14 Likes |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by jmoore(m): 7:25am On Apr 20 |
See this idiot explaining nonsense. So the poor man that pays for transport when petrol was 165-195 naira will still spend same amount on transport when petrol went up to 650 naira? Only fools believe only the rich benefit from petrol subsidy. The entire economy benefitted from petrol subsidy. And removal of petrol subsidy is the major driver of inflation in Nigeria. 21 Likes |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by tankoagaie: 7:25am On Apr 20 |
Any ways is by the way |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by tetralogyfallot(m): 7:25am On Apr 20 |
This is a crazy, wicked n illogical advice. Of what point is the subsidy removal if we still use double of the money to give palliative that may not even reach the poor? Every sane country has a way of making life easy for its citizenry except this God forsaken country. To me, it's even the rich that are not feeling the subsidy cos despite the subsidy removal they still drive super expensive cars with their air conditioners switch on all the time. The subsidy removal has not in any way affected their expensive lifestyle. 11 Likes |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by lesbiconverter: 7:25am On Apr 20 |
The real rulers of Nigeria now 4 Likes |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by lesbiconverter: 7:26am On Apr 20 |
oluwaseyi0:Too late for that now |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by gbagyiza: 7:26am On Apr 20 |
But fuel marketers & elrufai said government still pays subsidy. |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by datola: 7:26am On Apr 20 |
Hmmm... |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by CrossRhodes: 7:28am On Apr 20 |
Morbeta11:So after removing it, have the masses fared any better almost one year later? A rudderless country at the beck and call of IMF because we refuse to get our acts right. 6 Likes |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by samwash(m): 7:29am On Apr 20 |
Why fuel nor dey scarce again? |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by greenermodels: 7:29am On Apr 20 |
The funny thing is that the IMF was originally established to provide loans to countries suffering from balance of payments deficits rather than to dictate to sovereign nations on how to run their affairs but they have abandoned their mandate to be a tool of neocolonialism. 12 Likes |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by CrossRhodes: 7:29am On Apr 20 |
phransix2:Advice is normal to be given, but not all advice should be taken.... Our government is useless and clueless.. 5 Likes |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by EdiskyHarry: 7:30am On Apr 20 |
So what do we stand to benefit from Nigeria? Is it only suffering, hardship and hunger? 4 Likes |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by DeepSight(m): 7:30am On Apr 20 |
In one question the answer rests: what advise do you expect from your creditor? Advise that will protect and increase his money, or advise that will help your children live well and prosper? In this question, the answer rests. 5 Likes 1 Share |
Re: IMF: Why We Asked Nigeria To Remove Fuel Subsidy by tetralogyfallot(m): 7:37am On Apr 20 |
Djdjj |
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