Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss - Politics (5) - Nairaland
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| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by fortunateme: 9:05pm On May 12 |
lwisee:In life never tell your helper to leave you alone. 2 Likes |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by Procashtips(m): 9:09pm On May 12 |
EdiskyHarry: You know nothing about African leadership. 1 Like |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by Fujiyama: 9:11pm On May 12 |
nairalanda1: ^^^ Ok. The subsidy on fuel imports will go. It is only a matter of time. And if your predictions do not materialize when the subsidy goes, there'll be nowhere for you to hide then. By some accounts, inflation is projected to hit the region of 40% later on this year. If the administration fully removes the current subsidy, prices will rise even higher and this economy will overheat and burn itself to ashes. What happens then? It isn't enough to natter on and on about subsidy removal. Each of the policy choices facing us has very real consequences (as your mentor BAT has found out to great cost). I will repeat the question again: what happens to inflation if you succeed in goading your principal on this subsidy removal issue till he gives in? How will he manage the fallout? You have said nothing about the external factors at play. There are 2 major conflicts (Russia/Ukraine...Israel/Hamas) going on at the moment with the potential to seriously threaten supply chains and global energy supplies. Those conflicts could escalate significantly in the coming weeks or months - and other as yet unaticipated conflicts could also break out anytime, without warning. If the price of crude oil reaches triple digit levels, what happens to your economy since it depends exclusively on fuel imports?  |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by Kanixt(m): 9:14pm On May 12 |
Bluntemperor: You said all and well |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by Omalicious1: 9:22pm On May 12 |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by DeepSight(m): 9:28pm On May 12 |
BigDawsNet: They are micro states with a very very tiny population of citizens and vast income from oil, so much so that the state can afford to cover all their needs without breaking a sweat. Just imagine Nigeria, with its current oil income, had a population of say, 1 million people only. Your lives should be sorted. But you know, there is nothing corruption and greed cannot destroy. 1 Like |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by nairalanda1(m): 9:28pm On May 12 |
Israel07: I have told you the truth, but like most people on this sites,you don't want to see it. You want to just call me agbado. Enjoy your fresh debt. It's only 17 trillion naira 1 Like |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by nairalanda1(m): 9:29pm On May 12 |
Fujiyama: Or we can keep subsidy and have a debt that would wipe us out. |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by grandstar(m): 9:29pm On May 12 |
Israel07: You people never learn and refuse to comprehend! You talk of humane? Is it humane to borrow trillions of Naira to pay for petrol subsidies? It is bankrupting the nation! You refuse to grasp that because you think it's inhumane to remove the subsidy. What many of you fail to realize is that the petrol subsidy is improverishing everyone. Government having to borrow to provide the subsidy leads to Naira depreciation, which is turn is highly inflationary, and high inflation hurts the poor the most. Had Tinubu left the price at 195 to a litre, I won't be surprised if the exchange rate hit 2,500 or worse to the dollar Tinubu, should have deregulated the price of petrol just has it was done to diesel and kerosene. The price increase would likely be one-off and benevolent as it would spur investment in the downstream sector of the economy and reduce waste. There are better ways to help the common man. Slash import duty on agricultural produce such as rice, wheat. and poultry to 20%. This will bring down the price of food. Presently, the import duty on wheat is 70%. Imagined if it was 20%? Bread would be much cheaper. The government may also generate as much as $1bn as import duty. 2 Likes 1 Share |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by DeepSight(m): 9:31pm On May 12 |
Fujiyama: You are discussing with a person who has argued assidoulsy that the only corruption in Nigeria is caused by the presence of fuel subsidy. Just letting you know, so you know what you are up against. 1 Like |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by nairalanda1(m): 9:36pm On May 12 |
DeepSight: You are also very wrong about my comments and beliefs. Anyway, life goes on If subsidy goes, the corruption associated with it goes. The general corruption in Nigeria is a different matter and it must be fought But of course, you won't believe it. Good evening |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by DeepSight(m): 9:38pm On May 12 |
nairalanda1: You said so repeatedly. Own it. |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by DeepSight(m): 9:39pm On May 12 |
nairalanda1: Now you edit your statement. You previously argued what I said repeatedly. I even asked you how you could think so repeatedly. When did you wake up to the fact that corruption exists with or without and outside subsidy? |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by nairalanda1(m): 9:40pm On May 12 |
DeepSight: If subsidy goes the corruption associated with it goes. The general corruption in Nigeria is different and it must be fought But ultimately, my point is this, price controls and subsidies do not work. They wreck the sector affected. If you cannot see that, well.. Good evening. You don't have to lie or misrepresent me because you don't agree with me. Allowing bitterness to control you is not good for you. |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by nairalanda1(m): 9:41pm On May 12 |
DeepSight: Okay, you are free to believe that I am evil. Good evening, good and righteous man |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by DeepSight(m): 9:43pm On May 12 |
nairalanda1: You are not evil, you are just hideosly limited in your thinking and easily deceived. There is a saying that a little learning is a terrible thing. That's the case with you. Half schooling, its a beast. |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by DeepSight(m): 9:45pm On May 12 |
nairalanda1: I simply dont have the time to go fetch your quotes. You are the one telling puerile and cowardly lies. You should own your statements and have the integrity to say, oh, I was wrong there, or oh, I didnt express myself properly, etc. |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by nairalanda1(m): 9:52pm On May 12 |
DeepSight: Ah well, you are angry with me because things cost money. It does not have to make you mad. Subsidy must go. It has to. Otherwise, we will run out of money, and you won't like it.  And you are a good defender of the Nigerian people. I see you care for them. But the thing is, not everything is good at all times. The road to hell is paved with good intentions. |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by nairalanda1(m): 9:54pm On May 12 |
DeepSight: AH, the abuse has started. As for me, I may have a little learning, but I think that selling something that cost N1000 to make at N100 in order to help the poor, while putting a lot of people out of business, and causing a huge loss in investment, and driving up the debt, and causing a loss of jobs, that would help the poor...to say nothing of making a bad corruption problem worse is, after all, a good thing in your mind. You are getting too upset over the fact that things cost money. It should not upset you. 1 Like |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by nairalanda1(m): 9:56pm On May 12 |
DeepSight: Do you know that feeling of absolute disgust you get in the pit of your stomach when you read or see something on social media you know isn’t true? Or at least, you don’t agree with or believe to be true? So, you decide to engage by commenting. The next thing you know, you're embroiled in a keyboard flame war arguing on the internet with a complete stranger. Your heart rate goes up right along with your disgust as you scroll and respond to inflammatory remarks after insults, finger-pointing, accusations, and overall dehumanizing language. There’s absolutely nothing you can do about it as your blood pressure begins to boil. It’s like watching — OK, reading — a train wreck. But you can’t seem to stop! Suddenly, you toss your phone in frustration across the room and wonder why you continue to engage. Then you realize that another 30 minutes of your life has passed that you can’t get back |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by nairalanda1(m): 10:00pm On May 12 |
grandstar: It's not just the exchange rate hitting 2500 to dollar, it's the deficit that results that scares the hell out of me. Most of our money going to a large hole that has to be filled, and it would be with loans And IMF is already giving us negative vibes, and I doubt the chinese or russians would want to even give us more money And debt is consuming 70% of our income. But no, give us cheap fuel. 2 Likes 1 Share |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by nairalanda1(m): 10:01pm On May 12 |
DeepSight: 1) Facts are Irrelevant, Emotions are Everything In a face to face discussion, new information is evaluated, and if accepted, the belief adjusted to account for this new perspective. In an internet argument, new information is treated as a personal insult. Grounds for war, roughly equivalent to slapping a king with the axed-off arm of their favorite jester. On the internet, you are what you believe, and changing what you believe means changing who you are. You're wearing yesterday's underwear, imagine how much more difficult it is to adjust to a whole new concept of self. You can't change what they believe, but you can change how they feel. If you want to win them over, make them feel like they're understood. Show them you recognize their identity, what impact their material conditions have on their day to day life. Show them you understand why they feel the way they feel. That's how you get them to drop your guard and listen to you. But! You don't want to win them over, do you? Bleep no. You're a nasty little puke with a wound on your soul and you want to shit around and hurt someone. You want an excuse to be a prick and feel like you're furthering an agenda while doing it. Don't act like this isn't about you. Spend sixteen hours a day staring at a camera and you think it doesn't stare back? I see you squirming. 2) To Win, Have More Fun Than Them. Granted, fun is a foreign concept to the irony-poisoned, but hear me out. Those who know only misery will seek to drag you down to their level and extinguish whatever joy you've got left inside. Nothing makes that type of dickbag burn out faster than realizing their attempts to wound a foe are yielding the opposite effect. When an asshole encounters fun, it rankles them because it remains an experience out of reach. Something longed for but ultimately denied, like how your partner experiences orgasms. Imagine what it must feel like for the gluten intolerant to sit outside the windows of italian bakeries and gaze longingly at cannolis. That's what fun is to the asshole, the forbidden joy which envelops a painful reminder of what their life lacks. Baked goods are extremely dramatic. The upside to having fun is, in the impossibly small chance that anyone else reads your posts, they'll be drawn to your insolucant joviality. You also get to pretend to be happy, instead of actually being mad. That's probably good for your heartmeats or brain juices or whatever. Chakras. 3) Ignore Your Errors, Highlight Theirs Those acting in bad faith will take an admission of error and expand it into the most profound human failing possible, regardless of it's actual validity or severity. You cannot ever acknowledge your wrongdoings or shortcomings, because doing so is allowing your opponent to define the course of the rest of the conversation. Everything you have to explain to the audience has all the same impact as an axe lodged between your shoulderblades. In an internet argument, all you have to do is disqualify your target to turn the people against them, and each honest mistake you try to justify counts as another reason to ignore your words. This is why it's absolute suicide to make an argument from a position of your own identity, because it presents a massive direct target right on your most vulnerable core. It's hard to make a case against someone based strictly on what they think and believe, but attacking a person's identity pulls the chair right out from under the noose. For example, if you discovered you were debating someone who, say, admitted to impersonating another race for several decades, there's quite a bit of hay to be made of that, even if said race held them blameless. Obviously someone lying about something like that is capable of lying about anything. And someone who could lie about anything is capable of utterly impossible crimes. Alligator arson. Grapefruit buggery. Unlicensed demolition of Thursday. The mind reels at not the facts, but the implications. You can never directly acknowledge your shortcomings, because admitting a wrongdoing opens the conversation onto just how wrong it was. If you never cop to it, the conversation stalls on the question of guilt without ever assigning blame. Did he or didn't he? Even when it's obvious he did, refusing to admit it means the opposition now has to re-argue the case for why he did, instead of making the case about how bad he is for having done the doings that he did do, when he did do doing them. This is how, say, a dictator slash corrupt real estate dipshit escapes crimes that have sunk vastly more charismatic sex offenders, he moves the conversation effortlessly past "did he do it", skipping "if he did do it, how bad was it really," pausing briefly at "if it was really bad he would have been punished" before flying onto the next outrage du jor without ever lingering on any one subject long enough for the mechanisms of Justice to seize him in its steely jaws. Instead of admitting to using a logical fallacy, attack the other person for fixating on logical fallacies. If someone cites facts contrary to your argument, question the validity of the source. The focus can never remain on your argument or identity for too long, because the argument itself isn't the point, it's continuing the argument without having answered for your misdoings. 4) Never Engage With Their Facts It seems contradictory, if you want to discourage opposing viewpoints, why engage them in argument? Well, the key isn't to engage them so much as it is to use them as a prop to support your own ideological hegemony. Talk beyond your foe until they get so exasperated that they say something to disqualify themselves, then focus exclusively on that. Newbies will waste their time typing out a point by point rebuttal of everything their opponent says, like anyone gives a shit. Fool! No one will read all that, and your most compelling arguments will get lost in a wall of impotent discourse. Instead, continually reassert your main point using as many different and convoluted arguments as possible, cherry picking tangents and easily argued quotes from your opponents' posts only to support your own position. Ignore anything they say which could potentially prove you wrong, and instead feign concern and outrage over the form, not substance, of their argument. Take every slight imaginable. Hem and haw over utterly trivial controversies. Play greviance games, suddenly develop an affinity for class or identity politics. Take the least big of enthusiasm as carte blanche excuse to discount an entire movement. Spellcheck everything. Bore them to tears with your pedantry. You've been training your whole life for this moment, you better waste it with flying colors. 5) Be A Better Friend To Their Friends & Push Them Out Of Their Own Social Circle. Chances are, if someone's arguing with people online, they're probably a shitty friend who takes their community for granted. Move in next to your target, and reach out to everyone they know under the pretense of being new in town. You'll need a cover story, but given how much you lie to yourself, I'm sure you'll think of one. Maybe you're a disgraced cobbler from the Isle of Man, or a Welsh revolutionary on the run from the law. Perhaps you're the heir to a historic French cheese farm and are fleeing the responsibilities which come with your high station, secretly hoping to meet some dumpy peasant girl who picks her teeth with hay. Bring snacks when you visit. Make eye contact and ask them how their day has been. Volunteer to drive them to the airports, hospitals, and even rent a truck when they move. Host killer BBQs and deliberately don't invite your target. Eventually, your asshole will realize this handsome stranger is stealing their life out from under them, and stop arguing online, thereby proving you right by default. The real victory are the friends you stole along the way. 6) Seduce & Marry Them. This is the easiest of all the solutions. Anyone who fights strangers online does so because, in psychological terms, they're unfuckable. Just show up to your targets door and introduce yourself as John Doe, Public Sexhaver. Inform them that it's time for their yearly scheduled fucking, and, with their enthusiastic consent, give them the ride of their lives. Do the weird stuff, use a turkey baster. You're not done until their lower half physically separates from their torso and crawls to higher ground. Text them in the morning. Meet up at that new tapas place for an early supper after your spin class. Go out to their favorite poetry slam and hear them read a sonnet about a cat they know fromInstagram. Start leaving socks and underwear in the bottom drawer of the dresser they aren't using. Go antiquing. Rent a cabin in Deer Isle, Maine. Chase them along a shoreline, till you come to a pine grove whose boughs overhead are so thick with fireflies that it looks for all the world like the night sky has come to make constellations of you. Hold their hands, there, in that knot of conifers, breathing in all that midsummer Christmas, till the ring in your pocket grows big enough to swallow you both, and kneel. Ask them to marry you. Dare them to get sick of your cooking. Swear to love the creases into the corners of their eyes, till your smile spackles over all the cracks in their heart and they fill their lungs tight with laughter. Let the fireflies carry you off to the bluest heaven imaginable. That way, when you hit them with the Surprise Divorce, you get half their sheep and grain. 7) Drain The Gasoline From Their Car. This is my favorite because it helps defer the cost of driving all the way to your nemesis's house in the first place. SAUCE: https://www.somethingawful.com/feature-articles/bad-faith-discourse/ OH, and it costs a lot of money to refine petrol. You cannot sell something that costs over N1100 at N200 and expect miracles. |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by Fujiyama: 10:16pm On May 12 |
nairalanda1: ^^^ You won't get off that easy. What would you do? What would YOUR policy mix be? BAT did a partial subsidy removal - and coupled with the Naira float - the economy is punch drunk right now. It isn't enough for you to trot out the "subsidy is bad refrain" like a broken record. Anyone can say that. A more meaningful path would be to explore your course of action. What would you do right now? Would you go for a full removal and damn the consequences? If inflation began to soar and there were clear and present signs of trouble in the streets - would you stay the course - or would you fold? |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by JuanDeDios: 10:18pm On May 12 |
BigYash:Interesting. So it is Labour thugs sabotaging Tinubu's government to make it look like he is clueless? |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by JuanDeDios: 10:22pm On May 12 |
CharleyBright:I share your views. But if you were asked to take a guess, who would you say he wanted in his heart from the start? It certainly wasn't Ahmed Lastminute Lawan. |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by JuanDeDios: 10:25pm On May 12 |
nairalanda1:You're talking about private refineries. But other OPEC governments build public refineries. Our government could have built a refinery and then privatise it if they have to. |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by JuanDeDios: 10:26pm On May 12 |
viodemus:People need a bogey mean to blame for all their problems. 1 Like |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by JuanDeDios: 10:29pm On May 12 |
Ofemannnu:True Debatable. |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by grandstar(m): 10:31pm On May 12 |
onatisi: It seems his incoherence disappear once he won the election. Many speculate his Balabu sickness was used to deceive the North that he might only be fit to run maximum one term in office, that is if he does not meet the fate as Yar'Adua. |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by JuanDeDios: 10:32pm On May 12 |
tuoyoojo:That is actually a very shallow and partisan analysis. |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by Fujiyama: 10:45pm On May 12 |
DeepSight: ^^^ ExactIy. Time after time he treats our faulty structure, lack of institutions and systemic corruption as little more than footnotes. The subsidy question is the only issue for him. But he will learn. I and that gentleman go back a long, long way. It was (and perhaps still is) very frustrating to watch him reduce complex, multi-dimensional problems to soundbites and one liners about subsidies. But I have accepted him as he is...and you should too. These days his posts amuse me more than anything else.I understand that we You can't even get to the point where you engage him on whether public corruption in our system is a cause or an effect...before you even broach the topic - he plays the subsidy card. How do you even get through to somebody like that? His new trumpet call is this country's 'industrialization' . Mention the fact that this country has a power problem...a machine tools industry problem...a capital goods industry problem...a skilled labour problem...etc. and the gentleman will probably dismiss these problems as imaginary.  |
| Re: Petrol Subsidy ‘return’: NNPCL, IMF Disagree Over N8.43trn Loss by Riskymarvelous(m): 12:15am On May 13 |
Where is yarimodiot |
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