₦airaland Forum

Acekidc4:
7 Trillion Annually to service Fuel Subsidy, Chai.....May God Punish anybody that is against this Removal of Fuel Subsidy. Do you know the Good Positive things 7 Trillion can do for this our beloved Nigeria..............May Chukwu Okike nail their Head to the Wall. Useless Saboteurs

You think they will remember you when sharing 7 trillon naira? Ask your last minister of aviation how much she stole and faked a relaunch of Nigeria Air.

How much does nairaland charges this APC propagandist to move his topic to the frontpage?

kellybently:
is now I understood ur low level of thinking

olodo! Una just go open mouth dey yarn dust.

Gross.
If na me, I go reject am.

Parachoko:
Cost of transportation have increase and we have not die.

Subsidy is gone for good

Who said anything about death?

gabbytabby:
Petrol is not food and is an important commodity but not an essential commodity.

Is it possible to allow a country to go into bankruptcy on the strength of funding petrol. We do need to go back to basics and instead give support in form of equipment and tax incentives to agric businesses than for petrol. The cost of food is what needs to come down not petrol.

It is myopic to assume petrol is not an essential commodity.
Common sense should tell anyone that when petrol price increases, cost of transportation will increase. And when cost of transportation increases, price of goods will also increase.

kellybently:
try to understand. they sold at higher price. 225 to 515 In my area. the marketers 'll buy New product at higher rate also.

And after buying at higher rate, will they sell at 65 naira? They will still sell at higher price to make profit. So what exactly is your point?

solmusdesigns:
That's corruption tho..

It is not corruption. Your Tinubu said subsidy is gone. Everyone can sell at any price.

inoki247:
They will soon vomit everything to them is a gain they will soon hit the real market with that gain by July to go buy new product nd lose everything....

Do you guys even read what you typed?
What you posted doesn't make 1% sense.

Subsidy was paid for the month of June but NNPC increased their prices.
The country is on autopilot and APC thieves are cashing out big time because a vaccum exists in government. It is not a coincidence that CBN sold dollars above 600 naira per dollar same week NNPC sold petrol above 500 naira per liter.

Toluwanise247:
Many Nigerians are wicked and greedy. I went out yesterday and I stop to buy drink, I ask the woman to give me C way which is 300 to my surprise the woman said is 400, I confronted her and tell why she doesn’t know what to say. People just increase price at their own will.

Subsidy is gone! Are you paying the woman her salary? It's ignorant to assume only petrol price will increase when subsidy is removed.

Someone is trying to survive and you are calling her wicked and greedy.

J

Obasanjo completed 8 years as a president. Let your babablu complete 1 year first.

Tinubu hires those that can inhale the white substance. That's why his lawyers are high on crack.

No intelligent person can take up a job to defend Tinubu.

Mumu Bayo gagaraga. Tinubu, Buhari and APC sabotaged Jonathan's government.
The foolish hypocrite is suffering from dementia. He should go and check the headlines in 2014.

Xscape1993:
Okay. If this new move will benefit the poorest Nigerians, I will be the happiest person on earth. Nigerian politicians are unpredictable though....

How can it benefit the poor?
The poor will spend more on transport. You want to be the happiest person? Find something else to make you happy.

Throwback:
Angola is no better than Nigeria.

All the other African countries are no better than Nigeria except in electricity supply.

Petrol is 14 naira per litre in Libya.

How many African countries are infested with terrorists like Nigeria?

Southafrica has hosted worldcup. Nigeria can't host worldcup in the next 50 years because they don't have infrastrutures to support it.

Cash out season! APC crooks cashing out big time.

okrikaboi:
there is no freedom after speech. This is not really a faceless forum. Beware

Nigerian navy are thieves! They are ole!

Nigerian navy are one of the thieves. Who will crush the navy?

Rostikol:
But you yourself, reason am nau…

The man is just constituting a nuisance to society at the moment.

You are the one dancing naked in the public. Stop creating useless threads on nairaland.

This is how madness starts. And you will blame Peter Obi when you can no longer control it.

MuMuRIC

Petrol is gold. Every marketer will maximize profit.
Subsidy is gone! To your tents oh Nigerians! Inflation loading!

LeoDeKing:

People died and you are laughing.

Googledotcom:
Any landlord that increases his rent, I will park out immediately. Am I using fuel to live inside the house or what ?

Except it's a newly built house constructed from this month of subsidy removal.

You be learner na. If you pack out, another tenant go enter. Inflation is name of the game.

Jogs1900:
Is it because of Buhari that NLC wants to sabotage Tinubus government? Or because of what Buhari did, governance should end.

When APC, Tinubu, Buhari and NLC sabotaged Jonathan's government, were you in coma?

Kei144:
Demand for foreign currency could reduce drastically, as FG will no longer give foreign exchange to fuel importers. By the time Dangote refineries come on-stream, fuel imports will completely end. There will be surplus dollars and naira will appreciate significantly. Price of fuel and other commodities will collapse. Won't that be wonderful?

Do you know what is cement?

Why didn't dangote cement collapse?

Wonderful ko, Tonderful ni.

Jogs1900:
Branch of labour party that wants APC government to fail.smh

Your Buhari was minister of petroleum for 8 years, spent billons of naira on Ph. Warri and Kaduna refinery to produce zero petrol. APC has finished Nigeria.

A case of reprisal attack. Stop the jungle justice.

HighTableVoice:
You are neglecting the Banking Industry Impact on interest loans for those smes. Subsidy is a pure crime on our economy it should go so the funds can be redirected into more productive channels. Maybe hard to adjust to at first but in the long run it’s extremely beneficial

Majority of smes are not financed by banks.

Let subsidy go! At least, we will have something to use as a case study.

Once subsidy is no longer paid for a commodity, the price will definitely increase.
Petrol is very critical to the economy of Nigeria. Everyone will fill the negative impact directly or indirectly.

1. Increase in transportation: If you spend 500 naira daily for your transport, be prepared to spend times three of that.

2_ Increase in food prices: Food traders will increase their prices because they will be spending more on transportation.

3. Increase in cost of services: A country of 180 million is generating 5,000 megawatts of electricity. This is very poor. Small businesses are known as the livewire of a country. Most smes rely on generators powered by petrol for their production. They will definitely increase their prices to stay in business.

4. Some businesses may shutdown: Survival of the fittest. Some businesses may not cope and will have to shutdown.

5. No Discretionary income for low income earners.

6. Increase in house rent