BigDawsNet:
If Government can print money


Then why are we paying taxes?!?

Tapout:
Oya they should bring down the prize of fuel abeg. They can't be paying subsidy and fuel pump prize is over 600 naira.

ednut1:
we are borrowing money from IMF. So why will they leave you alone Its just like seeing someone you borrow money going to use it for betting or carrying women. U no go challenge am?

Pythagoras001:
the prices are not secret, diesel is always cheaper than petrol so a simple check at diesel price would give you an estimate on how much susbsidy is been paid

oluwaseyi0:


What do you suggest, should they still to selling the petrol at 1,100

nairalanda1:


If he returned subsidy to 195 , with landing cost at 1100, fuel subsidy would be at 800-900 naira
That means that nearly two thirds of your budget could go for subsidies
That means that at the end of the day, unless government can get a loan from IMF to cover the resulting deficits, there would be no money for projects, and salaries and other subsides for health and education
Which means that the economy could go from worst to hell on Earth.

But no, you want cheap fuel

Israel07:


You're making no sense, the removal of subsidy has yielded nothing. That's what the person you quoted is saying. Landing cost wouldn't get to the price you quoted if the subsidy wasn't removed and Naira wasn't floated. If you want to defend this failures in government, do it with a bit of intelligence. The present inflation in the price of commodities was caused by the two policies that was careless implemented without due diligence. The people suffered for nothing, no Money was saved, and if it was saved it is as well gone. Naira was floated only for the government to go back to backing it with Reserve after accusing Emefiele of the same thing, in similar manner fuel subsidy is back yet neither Naira nor Fuel pump price went back to their original value. The situation is very bad and as Patriotic Nigerians it's highly irrational that the masses with a large percentage of plebs among them can't afford a cup of garri no more as it's well over #200 in some parts of the country and you come on here to type rubbish from the comfort of your house. That's highly insensitive of you, children are getting malnourished and starving due to the failure you support.
Tinubu, Buhari and Soyinka claimed subsidy removal was a scam, used it as a propaganda to bundle GEJ out only for Buhari to implement it at the end of his tenure and Tinubu made a complete mess of it.
Why didn't they allow the fuel subsidy to be removed then? It was #145 and Naira was just #160. 9 years of APC and everything is in complete chaos.
Let's be humane and speak the truth at all times. PDD was corrupt but they're saints compared to the hell APC out Nigerians through.

mactoni91:
Lol...

Tinubu has made history as the worst civilian president to ever rule Nigeria.

Buhari intentionally supported Tinubu so Nigerians would see him as a saint.

Bad leaders always support worse successors.

BigDawsNet:
If Government can print money


Then why are we paying taxes?!?

Kanixt:
If Nigeria can generate over 17trillions and subsidy can engulfed over 5trillions there is not bad with it, as long as prices of goods and commodities will terribly come down. Remember the fuel subsidy is the only thing a common man is getting from national treasury.

slivertongue:
Government of BATeria, by BATeria and for BATeria.

Alliswell248:

In another development, he has made history as the first civilian president to ignore the dot nation., and increase their wailing.

Seven more years of wailing for the perennial sore losers....

nairalanda1:



Okay, take the debt. It's your choice.

Government has no right to set your prices.

P. S. If we had removed subsidy in 2012 we won't have been in this mess

PS2. I don't support this government or the opposition. I see things as they are

franconian:


Taxes are paid from actual economic activities. Before you pay tax, your must have carried out an economic activity.
But government just printing money to meet its needs will eventually make too much money to be in circulation, this will lead to crazy devaluation and inflation. Soon you'll need a full Ghana-must-go bag of naira to buy a loaf of bread.

DeepSight:


This is a good question. The simple answer though, has been known for millenia. Print too much, and it becomes worthless.

alphaNomega:
you are not supposed to have enough money to be comfortable, that is why you pay taxes

onatisi:


It seems as if Tinubu intentionally raised fuel cost so that he will be paying more to his friends and cronies who helped him win the election . Now he is paying over 1 trillion naira as subsidy every 30days

BigDawsNet:


Whats the secrets in Qatar and UaE... I believe citizens and residents don't pay taxes

ijustdey:


https://leadership.ng/petrol-subsidy-return-nnpcl-imf-disagree-over-n8-43trn-loss/

alphaNomega:
they don't. and they are not 108 million (or 200 million like nigeria fraudulently claims)

onatisi:
TINUBU HAS FINALLY FINALLY FINISHED THIS COUNTRY ,
I dont even know what is wrong with Nigerians, how can they believe that someone who is incoherent and cannot make a straight speech without losing it for some minutes will be able to direct the affairs and economy of this great nation the right way ??

Putindbutt:
IMF dey mad, the way they interfere in our affairs is crazy. Are they the one paying the subsidy on our behalf?. Ukraine and Gaza need loans but na African matter go kill them.

Curious345:
Dangote must pump out petrol as soon as possible

Melagros:
COMRADES, abeg make una leave tinubu alone, the man don cast, and confused, I'm pretty sure that Tinubu is regretting ever rigging election in Nigeria by now

Ofemannnu:
FG is only paying subsidy partly according to IMF and it is temporary unlike previously.
This is the reason why allocations of states have almost trippled.
This is why FG could give awards and reason why they will be able to pay higher wages (if the states are held accountable by NLC,TUC and NGOs)
Nigeria will get better.