CheapHomes1:
what is the correlation between all you just said and these questions: since subsidy on kerosene and diesel was removed, has it reduced debt, reduced the burden on the poor, provided investments and jobs? how has it benefitted the poor?

Help me ask that werey

Evil people, instead of creating a very condusive environment for all men to do bussiness and thrive, they will choose to impoverishe you and hand you peanuts. I don't need any peanuts from any baga! Give me cheap energy to run my production line, don't steal the taxes that I pay, use it to build good roads so that i can move my products to my customers.

Honestey:
IMF are not just spying on us in the interest of world rulers, they are actually supervising our developmental level. Keeping us down and never to rise up by dictating everything to their puppets we call leaders. If IMF and World Bank are willing to see Nigeria civil servants get improved wages, you will see FG agreeing to the Labour Union proposed minimum wage now.

Gbam!!!


U have an inner eyes 👀

HellVictorinho6:





But you included everyone in nigeria including me

Well, it was meant for others. Not for you

CheapHomes1:


how is that related to this comment made by you
since subsidy on kerosene and diesel was removed, has it reduced debt, reduced the burden on the poor, provided investments and jobs? how has it benefitted the poor?

Lexy2014, answer my questions first

nairalanda1:


Lexy2014, answer my questions first

when did you ask the question? was it before you made this comment or after I asked you the question after this comment? how is the question you say you asked related to this comment and the accompanying question?

how is that related to this comment made by you

nairalanda1:

Keeping subsides, means more debt, which means more burden for the poor. Remove subsides, and there is a chance of investment and jobs , which benefit...the poor.

since subsidy on kerosene and diesel was removed, has it reduced debt, reduced the burden on the poor, provided investments and jobs? how has it benefitted the poor?

CheapHomes1:


when did you ask the question? was it before you made this comment or after I asked you the question after this comment? how is the question you say you asked related to this comment and the accompanying question?

how is that related to this comment made by you
since subsidy on kerosene and diesel was removed, has it reduced debt, reduced the burden on the poor, provided investments and jobs? how has it benefitted the poor?

Good morning.

Lexy2014. Go and rest.

What a joke!

HellVictorinho6:



Help me ask that werey

Ah , so the abuse has started.

Good morning vic.

nairalanda1:


Well, it was meant for others. Not for you

nairalanda1:


Ah , so the abuse has started.

Good morning vic.

U abused a lot more people

Cash transfer of any kind can not solve the hardship of the masses, rather make good policies, create an enabling environment for business to strive, reduce taxes (import duty, electricity tariff, etc), diversify our economy by harnessing our solid minerals in many states and turn Sambisa forest into Federal Farm Project with the Lagoas - Calabar coastal road budget. By doing so, the economy will improve and investors will come to Nigeria and not leaving.

HellVictorinho6:



U abused a lot more people

No I did not. You did.

Calling someone a werey shows how rude and petty you are.

Anyway, thanks. Good afternoon

CheapHomes1:


how is that related to this comment made by you
since subsidy on kerosene and diesel was removed, has it reduced debt, reduced the burden on the poor, provided investments and jobs? how has it benefitted the poor?

How has the deregulation of diesel and kerosene helped the poor?

First, they are never scarce. They are also never smuggled across the border. Even if smuggled, the Nigerian government loses nothing.

Secondly, the Naira would probably be trading at 2,500-3,000 to a $1 had the subsidies remained. Government would have to borrow the money to pay for the subsidies. This is inflationary. It also puts pressure on the foreign reserves. It has also prevented overconsumption which would have put extra strain on the foreign reserves.

Third, the privately owned refineries focus on producing diesel. They did not produce petrol as the price is subsidized. Basically, it has encouraged investment in refining these 2 products. Dangote as mighty as his refinery is, has not started supplying petrol. The petrol subsidy acts as a big dis-incentive to refiners. The marketers buy diesel and kerosene from his refinery. For the same to happen for petrol, the federal government first has to pay the market price for petrol and then instruct them to sell at the subsidized price to marketers.

Had all fuel subsidies been removed in the 80s or even 90s, I am sure by now the refining capacity of the country would be around 2m bpd.

enci:
How can they help in a trying time.

Not complain

IMF is wicked. How can 10k help?

nairalanda1:


Good morning.

Lexy2014. Go and rest.

what has rest or not resting got to do with what you asked? are u resting?

grandstar:


How has the deregulation of diesel and kerosene helped the poor?

First, they are never scarce. They are also never smuggled across the border. Even if smuggled, the Nigerian government loses nothing.

Secondly, the Naira would probably be trading at 2,500-3,000 to a $1 had the subsidies remained. Government would have to borrow the money to pay for the subsidies. This is inflationary. It also puts pressure on the foreign reserves. It has also prevented overconsumption which would have put extra strain on the foreign reserves.

Third, the privately owned refineries focus on producing diesel. They did not produce petrol as the price is subsidized. Basically, it has encouraged investment in refining these 2 products. Dangote as mighty as his refinery is, has not started supplying petrol. The petrol subsidy acts as a big dis-incentive to refiners. The marketers buy diesel and kerosene from his refinery. For the same to happen for petrol, the federal government first has to pay the market price for petrol and then instruct them to sell at the subsidized price to marketers.

Had all fuel subsidies been removed in the 80s or even 90s, I am sure by now the refining capacity of the country would be around 2m bpd.

this is what I asked:
subsidy on kerosene and diesel was removed, has it reduced debt, reduced the burden on the poor, provided investments and jobs? how has it benefitted the poor?

has nigeria's debt reduced since the removal of subsidy on diesel and kerosene? what was nigeria's debt at the time subsidy on diesel and kerosene were removed and what is nigeria's debt now?

how has the no scarcity of diesel and kerosene helped the poor? how does the non smuggling of diesel help the poor? how do you know they are not being smuggled? how are they smuggled? if the FG looses nothing if products are smuggled, why then does it have people at the border to check smuggling?

pls where in my question did I ask about price of the dollar? what was the exchange rate at the time subsidy on kerosene and diesel were removed and what is the exchange rate now? what is "overconsumption"? overconsumption of what?

which private refineries are you talking about that are focusing on producing diesel? can you pls name them? which investment has been encouraged in producing kerosene and diesel? can you name the investments and the value? what are the jobs that have been produced because subsidy and kerosene were removed and how many jobs were produced?

SmartPolician:
IMF, I think it's time to let you know that you cannot give what you don't have. Tinubu has nothing to offer this country

but u do ?

CheapHomes1:


...

Lexy2014, give it a rest. Trolling others is a bad reflection of you.

You aren't a child.

I worry this may cause an inflationary spike ..just as the CBN governor rightly opined just recently too...but What do I know...I am not a monetary/Developmental economist so...

nairalanda1:


Lexy2014, give it a rest. Trolling others is a bad reflection of you.

You aren't a child.

how is that related to the comment you made earlier

nairalanda1:

Keeping subsides, means more debt, which means more burden for the poor. Remove subsides, and there is a chance of investment and jobs , which benefit...the poor.

since subsidy on kerosene and diesel was removed, has it reduced debt, reduced the burden on the poor, provided investments and jobs? how has it benefitted the poor?

nairalanda1:


Subsidy has not been removed.

Plus to get more jobs....(note that if you listen to APC , they will tell you that subsidy removal means more jobs, which is true , but is also not the whole story)...we have to become an industrial economy that exports industrial products.

So you mean Tinubu was lying on his inauguration day?

SaLongs1:
So you mean Tinubu was lying on his inauguration day?

Tell you what, don't believe the government at all. I learned that lesson eons ago.

nairalanda1:


No I did not. You did.

Calling someone a werey shows how rude and petty you are.

Anyway, thanks. Good afternoon

Am 2 tired 2 extend it

besides,

ur greeting cant help me.

HellVictorinho6:










Am 2 tired 2 extend it

besides,

ur greeting cant help me.

You should not let self pity be the master of your life. As you can see, it is making you look bitter. It is harming you, and you don't want to see it.

Good evening, and do calm down.

nairalanda1:



You should not let self pity be the master of your life. As you can see, it is making you look bitter. It is harming you, and you don't want to see it.

Good evening, and do calm down.

itz not self hatred that makes me see that i need financial assistance

HellVictorinho6:



itz not self hatred that makes me see that i need financial assistance

NO, it is self pity. Don't let it beat you

nairalanda1:


NO, it is self pity. Don't let it beat you

itz not the problem.

HellVictorinho6:




itz not the problem.

Then how do you expect people to help you when you come here to call them 'werey'?

Better change your attitude. Even when things get better for you tomorrow, as they will, your attitude can still make you lose it all.

nairalanda1:


Then how do you expect people to help you when you come here to call them 'werey'?

Better change your attitude. Even when things get better for you tomorrow, as they will, your attitude can still make you lose it all.

am sorry then









can u help me with money sir?



i need it 4 feeding at least please

nairalanda1:




Tell you what, don't believe the government at all. I learned that lesson eons ago.

Of course I never believe anything coming from the lying lips of our government officials but Tinubu is just another wicked sadist for plunging the economy into a bottomless pit with his reckless proclamation on his inauguration day

Khyrvxjzy:

you will hammer till you die

You are dead already.