₦airaland Forum

naijaking1:
What if I tell you that subsidy is partly directly and indirectly responsible for these conditions. You don't want us to run round circles, do you?
It takes political guts to remove these subsidies, every economist, especially those in goverment(since IBB to date) have always known that these subsidies do us more economic harm than good.
If fuel subsidies are removed a liter will cost about 142 naira, now in many parts of the east and SS, it already costs that much in certain locations. So where is the subsidy

Johndoe100:
The subsidy should be removed only after a lot of things are in place. For now they are absent so the subsidy should remain.

naijaking1:
^^^
What should be in place first, educate me.

jmaine:
^ Stop posting web pics presenting a one sided view . . . Why didn't they show you the worsening traffic bottleneck just before ascending the bridge . . .This bridge with all it's good intent seem to be increasing, rather than reducing the traffic situation . . . Poor planning i guess 

odumchi:
South East wants to remain an "Igbo" zone. Adding Cross River would also divide the Ibibio-Efik people and soon they will start clamouring. Best option is to [b]add Rivers into SE [/b]and create Anioma state by slicing of the Northern part of Delta.

Oba234:
The SE should not have any more state. We can't keep comparing southeast to the north. The north has la arge land mass. The SE lacks land which is why so many Igbo people live in other parts of the country. The SE cannot contain them alone and now they want to divide the little they have into smaller pieces

daywatcher:
oil = easy income.

When Nigeria has to start working for money, these useless politicians will wake up

PointB:
It is actually a myth to assume that people cannot afford 142 a litter. In actually removing the subsidy will allow government invest in those  facilities you mentioned. It will encourage building of private refineries, and effectively bring down the price of fuel.

The current regime of subsidy is also been benefited by foreign countries, as people in border town actively smuggle subsidized fuel to neighboring country at the expense of tax payers. Beside oil marketers are the chief beneficiaries of the subsidy, not the common people!

Beaf:
And how much foreign exchange does that bring in? You don't get points for being rude, its a trick for fools.

Beaf:
Without oil money, Nigeria would have zero foreign exchange, because we export exactly nothing apart from oil.
Oil is the be all and end all of Nigeria. If you don't believe it, then the Moon might as well be in Ajegunle.

The GDP figures the CBN quotes are to make us happy, its the only drug Nigerians can legally sniff. Look around you, GDP from what?

edicolove:
I carefully read every post on this thread and was hoping to find something intelligent but was not surprised by all the ignorant comments born of sentiments. Fuel subsidy is an anomaly that should never have been in the first place. It only enriches the fuel importers and improvishes the populace. The military started it as a convenient decoy for not fixing the oil sector and the refineries. In the long run, it doesnt benefit the so called masses. It has to go and will definitely go one day. How can a country that produces crude be paying N77 for every litre as subsidy? Absolute bunkers! That money is money for major major major infrastructural development.

What I was expecting people to comment on are the pillars that must be in place before subsidy can be removed, not that subsidy must not be removed.

1. There must be regular power supply. A major part of the fuel consumption in Naija is for generators for power. If power improves to an acceptable level, then a milestone would have been reached.
2. The refineries must be fixed and their capacity increased. This can then allow for competitive pricing. The N142 someone posted will only happen if we import the fuel. If our local refineries produce it, it wont be up to that amount.
3. Government must invest heavily in agriculture and other minerals. If agricultural development improves, the rise in food produce will counter the rise in food prices that would have occurred due to increase in transportation that might happen when subsidy is removed. For example, if price for a tuber of yam increases because of removal of subsidy, the price can be reduced by the increased production of yam.

These and some others points I might not have mentioned are the issues that must be raised and the things that must be in place before subsidy is removed. People keep talking about minimum wage and it makes me laugh. Reason? Simple. How many people in Naija really work for the government and collect the so called minimum wage? A very small percentage of Nigerians work for the government. Lagos state which has one of the biggest work force, doesnt even have up to 100, 000 workers. Even if you assume that as the average and multiply by 36 and add federal parastatals. you still wouldnt even get up to 5million people working for the government. So forget the minimum wage talk. What we need are standard government policies and accountability, not subsidy and government handouts. When are we going to stop this government handout mentality. This is the reason politicians can manipulate the system because most of you are still looking up to the government to collect stipends. We need infrastructure so we can generate our own income not government payouts.

GEJ should CHILL, big time! Most people understand the POV of the president and it makes perfect sense but the infrastructures to absorb this shock is not yet ready. Until there is constant power supply, you just cannot cause unbearable hardship.

manny4life:
All you listed is the bone of contention; great ideas but it does seem like we aren't getting neither of the two. My main concern is "where do we go from here"? IMO, Nigeria is at it's breaking point; I read on a new post that subsidies is about to be removed and when it does happen, fuel sells at $140, I think that's outrageous given the fact the economy isn't ready for such, we don't have enough refineries to massively produce. Again, our president NEEDS to step up his game and take control of this economy that's about to disintegrate, because if it does, Nigeria will be at the verge of serious collapse though we haven't seriously achieved anything.

manny4life:
The real question is what is GEJ doing about it? How will Mr. President reform fiscal and economical policies? We have a long way to go unless our dear president addresses these issues. Nigeria is gradually sliding down the path of POVERTY unless a drastic action is taken

manny4life:
The real question is what is GEJ doing about it? How will Mr. President reform fiscal and economical policies? We have a long way to go unless our dear president addresses these issues. Nigeria is gradually sliding down the path of POVERTY unless a drastic action is taken

cap28:
fool, who appointed Sanusi as CBN governor?

its a very simple question why are you afraid to answer it?

alj_harem:
Na wa o. fresh air PDP people don come again

@Jason

why are u angry like this ?

Sun of god:
The N18,000 was a gimmick - the govt never had any intention of paying it.

They are drawing up plans to tax people particulary those collecting a minimum of N18,000 from the govt.

The can collect the money from people's paychecks before giving them the balance.

The extortion of money will spread to the masses - at the same time rampant inflation kicks in.

Nigerians are in massive trouble - the future is looking bleak.

Society will change for the worse - Crime will spiral and starvation will become common.

2012 will be an interesting year - Nigeria will not be the same.

jason2010:
Great news. The removal of fuel subsidy + naira depreciation to 200 naira per $1 + the Super eagles disgraceful performance yesterday, clearly spells revolution in Nigeria. The revolution has been long overdue. Hopefully we can kill all the corrupt politicians as we revolt

pendulasis:
if this happens the price of basic amenities will skyrocket and i no Nigerians to always take advantage of  situation
transportation and food stuff will go up and will not comeback to the same price even if the price is reveled later

ReLaTE:
Many lives will nw be wasting when people will start hoarding fuel in their houses after hearing the news.

macjive01:
@ekt bear, region region region! Lagos state will NOT be part of any Yoruba SW region ! It will stand alone as an FCT. A no man's land!

No eating where u did not sow! . . Gen 1vs1

Now, let's get back to the argument of state creation.

PointB:
After collaborating with their northern overlords, even in killing their own son in prison, these treacherous lots are coming to cry more than the bereaved. How do we console them? Or do simply greet them in the now favorite cliche - GOOD MORNING!

jmaine:
OP, THANK YOU FOR THIS GREAT PIECE OF INFORMATE  . . . .  The roads are in dire need of some rigorous amending session . . . . This informate will be utilized to the fullest.

and BTW, this is a dynamic development from the Lagos State Government


Jason, am just seeing this for the first time and am sure thousands and even millions of Lagosians don't know about this . . .So if we complain . . .we are justified at that  . . But the good news is that we shall channel all our concerns to the appropriate quarters  . . . [/b]And expect more loud noise if this new channel of [b]informate doesn't yield results