₦airaland Forum

As expected. They will always have an excuse to sell higher even if they still have subsidized stock.

It's obvious a lot of people have no idea what a rig is. That's why they come in here to rejoice at this catastrophic event. Pathetic!

It depends on a lot of things but the probability is very high. Until then, enjoy Fresh Air!!!

*Ensure all the looters of subsidy money are arrested and prosecuted asap.
* Quickly swing into action with the money available now to execute some very visible projects (eg roada).
* Tighten borders and order arrest or petrol smugglers (Give incentive to performing customs officers).
* Facilitate swift passage and signing of PIB into law.

With these things, he can embark on massive awareness campaign showcasing benefits of complete removal of subsidy. In max of 6 months, implement full removal of subsidy and hence, deregulation of downstream sector.

Hahahahahahaha

They may have suffered a blow out or something. I hope there were no casualties.

We didn't shut the door, we only reduced the opening a bit. Any little wind can force the door open again. The earlier we shut the door, the better.

I expect them to officially call off d strike while negotiations continue.

U guys have quickly forgotten that people were killed last week. Did u expect the govt to do nothing?

Joke of the day. Lol

If you think FG didn't have this as part of the plan, think again. N141 was just a bargaining chip and N97 is a starting point. Full deregulation here we come!

If you must blame GEJ for this move, also remember to blame Fashola.

I dey laff ooo.

If only we had the courage to swallow this bitter pill in one gulp, it would have been better for us. Anyway, in order to carry everyone along, this move is welcomed.

I suggest you all focus your energies into "policing" the money generated from this price increment. Let's see what FG can do and then press on to full deregulation. The earlier we do this, the better for all.

Some protesters don't even know the meaning of subsidy. Some have said it is a "fundamental human right". I call it blind protest.

Does Sahara Reporters employ clowns? Many of their articles are "clownish".

I agree with the message. It's time to move towards a lean government and decentralization of power. Govt needs to transfer some responsibilities to the states. Some infrastructure like roads etc should be given to states to manage.

If you are truly interested in protesting against corrupt practices, why not focus on the issues around corruption and leave the pump price out of it? The issue of pump price is an economic issue and if NLC okays it, it is binding.

Who said the govt gets only 5 trillion? The whole analysis is completely wrong. Saveuspls has also raised other points. I don't even know where to begin puncturing this a'nal-isis from! If whoever did the analysis is a graduate, his certificate needs to be withdrawn asap!

One more: Where are the proceeds from LNG sales?

I guess this is the last meeting b4 the strike is called off.

Govt is having an 11th hour meeting with labor right now in Aso Rock before the presidential broadcast tonight. Source: AIT news

Classic example of Nigerians answering questions with questions!

Why is the analysis silent about kerosene?

Where is DPK in this analysis?

Tax the rich and subsidize the poor.
How?

Increase tax for all workers who earn over N250,000 monthly. For those who earn over N1,000,000 monthly, their current tax could be doubled. (This includes politicians). This should be able to offset some of the bill. If necessary, the tax period could be extended till all d money paid as subsidy is recovered. By this, FG will not lose a dime during the period of time subsidy is paid. I bet Nigerians will accept this proposal. Hahaha

Ok

@ Alj, I agree this is one of the hardest pills Nigerians have had to swallow. I guess it's because this is a different pill from the others. I am also happy that Nigerians have reacted this was (as expected). This is because, if it eventually pulls thro, GEJ will need to do a lot of work to justify the huge sacrifice. because of this move, our refineries will have no choice but to function properly. Our power situation and every other key challenge will also have to be dealt with squarely. Anything less will be suicidal for GEJ. He tends to do well under pressure.

Broadcast?

If so, I guess he may want to personally make d announcement that we're reverting back to N65 until further negotiations pull thro. He may also want to inform us of some huge successes made so far in the fight against boko rams amongst other tins.

Alhaji, when will it be the right time? Today it is boko rams, tomorrow it may be hurricane babangida, tsunami obasanjo or some earthquake! There is never a time where there won't be challenges. The wise men say: The farmer who waits for perfect weather never plants.

Me no likey. Why?
1. Postponing the evil day.
2. Marketers will take advantage of d situation. Eg sell only 4 days in a week and hoard for the next 2 days in order to make more profit the next week.
3. The worst: How can you tell what the price will be in 3 yrs time? It may end up to be a race to no destination besides the refineries will have to wait till the market is settled.

Where does DPK come in?

Scrap it now!

Where's kerosene?