₦airaland Forum

Exactly noblezone, I await the dumbass who will protest the deregulation of the power sector when that time comes.

At least he has agreed that Nigerians DID NOT elect Buhari. Nice start.

@ Mens dept, it's obvious many of us have no idea what our problems really are talk less of the solutions. We just follow whatever appeals to our senses like sheep without focus and we forget where we are coming from. For once, a policy that is capable of catapulting the Nation into economic boom is here and we just can't see it. Not everyone can recognize a good opportunity when it presents itself. We have allowed our past experiences blind us to the extent that we cannot even think of our own future. I can't imagine how Okonjo Iweala must be feeling right now. Really sad. If we blow this opportunity, it may take us another decade to learn our lessons.

UN dey fear mob action. Lol

Well said DaRapture, I don't know which other language by which I can explain that to our people here. I guess Nigerians are not ready for change.

There we go with our "Leaders of tomorrow".

OBJ and IBB could not achieve what GEJ is trying to achieve with subsidy removal. They are very skeptical about it but they know it's the right decision if only Nigerians can overcome their shortsightedness. On the other hand, they may be benefitting from the old system one way or the other. That I can't prove anyway.

Animals in human skin - Fela.

A lot of us are too selfish to think of our own future. We prefer to eat everything we have now and leave nothing for our children to eat. Right from the top to the bottom. The executives waste money as though there is an unlimited source somewhere. The legislators vote billions into their own accounts with reckless abandon. The masses struggle to grab at the "national cake" by every means possible. Whenever someone with a genuine plan to stop the madness appears on the scene, every weapon is unleashed to pull such person down. It's a pity we have found ourselves where we are today but it seems we are not even ready for change.

Sorry, point number 2 should read:

2. A new metering system which is monitored centrally should be installed at ports / loading points in order to accurately measure PMS delivered directly to the country.

As far as I'm concerned, it's all drama. These boys are playing games with the masses and everyone else. A lot is happening behind the scenes we cannot see.

Nigerians have expressed their displeasure with the withdrawal of subsidy on PMS. At this point the pros and the cons have been discussed extensively.

The purpose of this thread is to seek ways in which we can get the benefits of subsidy removal (as currently practiced) without necessarily removing subsidy! Twisted as it may sound, this may be one way out of the situation.

The two key benefits subsidy removal brings with it are:
1. Elimination of cross - border smuggling by rendering the business unprofitable.
2. Stimulation of private sector participation especially in refining.

The major drawback is the sharp increase in prices of goods / services. If we must get the benefits of both policies therefore, a total reform of the system is necessary. The new system will involve:

1. Importers / Marketers should not be paid subsidies directly.
2. A new metering system which is monitored centrally should be installed at ports / loading points in order to accurately measure crude delivered directly to the country.
3. Individuals will have to operate "fuel accounts" with a valid card issued to operate such accounts.
4. Subsidy payments would only be made directly to citizens who hold a valid document (ID or Passport as determined) and such payments shall not be in monetary form but in form of "fuel credits"
5. Subsidy will be graded according to earning power. I.e. Higher earners enjoy less subsidy per liter while lower income earners enjoy more.

The basic idea behind this is that the actual value of fuel remains at international prices but individuals will then be entitled to more volumes (corresponding to subsidy and quantity paid for). This will help to check smuggling and prevent marketers from inflating volumes. Also, government will not need to make any cash payments to anyone other than to fund the "fuel credit" accounts.

How can this distinction be made? You may ask. One way is to tie subsidy to volume of purchase. E.g. Buy 1-10 litres and you are entitled to 60% fuel credit. Buy 11-100litres and you get 40%. Say above 1000 litres, you get 0% etc. Another way is to tie it to workers' salaries and tax data.

I must admit that such a system will need quite some time to build and implement. In the mean time, FG can consider paying fuel allowance for those who earn less than N100,000 monthly. I honestly think not everyone (including me) needs / deserves this subsidy. It should target the poor. FG can also liaise with labor to see how such can be implemented in the private sector.

Like every other system, this will fail woefully if we cannot maintain an accurate database of our citizens. This will mean computerization of our population data with biometric controls. This skeletal write-up may be an idea for the next 100 years but I think it's worth mentioning.

What do you think?

You guys are so funny. Are you saying anyone who supports subsidy removal must be a government agent?

NL is only a reflection of people's opinion and opinion must not always conform to your expectations.

Agreed corruption is a huge problem but saying "I will eliminate corruption" is similar to saying "I will kill the devil". Let's know how you intend to do it.

It has PRO written all over it but as usual, ACN being an opposition party cannot be seen supporting the ruling party! In fact, they will use it to their political advantage if they have to. Subsidy removal is a typical ACN policy.

Who wants to be a millionaire - Season 12.

@MT, your position is supported. If only our strikes and protests were directed to ensuring we get the best from this opportunity rather than just outrightly opposing a good policy.

Many of you are conveniently avoiding all the other points in 12 & 13. You are only focusing on the 25% cut. Let's be sincere, GEJ is doing exactly what most of us have been asking for here on NL. Ignoring those points is just a sign of bitterness on our part.

[Quote]
12.     To save Nigeria, we must all be prepared to make sacrifices.  On the part of Government, we are taking several measures aimed at cutting the size and cost of governance, including on-going and continuous effort to reduce the size of our recurrent expenditure and increase capital spending. In this regard, I have directed that overseas travels by all political office holders, including the President, should be reduced to the barest minimum. The size of delegations on foreign trips will also be drastically reduced; only trips that are absolutely necessary will be approved.

13.    For the year 2012, the basic salaries of all political office holders in the Executive arm of government will be reduced by 25%. Government is also currently reviewing the number of committees, commissions and parastatals with overlapping responsibilities. The Report on this will be submitted shortly and the recommendations will be promptly implemented. In the meantime, all Ministries, Departments and Agencies must reduce their overhead expenses.
[/Quote]

It didn't have to be leaked from his office. It was pre-recorded and could have been leaked from NTA.

Adamawa state govt has announced a 25 million naira ransom for information leading to arrest of boko haram members involved in killings in the state.

Source: AIT Newsbar

Sadly, a litre of fuel seems to have more value to Nigerians than the life of a fellow Nigerian.

Is it a strike against the people or against the government? Most (if not all) private hospitals will not join the strike.

OP, It seems you are even more guilty of what you are falsely accusing her of. Pathetic.

In that case you can reschedule if you're not sure.

Great response from muami. It's as simple as ABC

No sane airline will fly if there is no facility on ground at the destination. Forget the FG and listen to your airline. . . Until the airline advises otherwise; else, be ready to bear the loss.

I guess the Xmas and new year pubic hols were not enough. I'll just retire to my nest and strategize for the rest of the year. Call me when y'all are done with the "strike" or is it "stroke". Ciao.

Rhino.5dm and Beaf on the same page, somebody shout Hallelujah!!!

Follow the instruction of your airline. If the flight is not cancelled, you can make no claim.