₦airaland Forum

Kasssandra:
Yes, I know, but at the same time, when we brought in subsidy in 1973, we had two working refineries, soon to be fourby 1988, and now all of them are not working.

The reason is simple...run things at a loss, then throw in free subsidy money, the result is disaster.

Would you like to sell things at a price below what you bought it from the manufacturer, and then government pays you a subsidy that does not cover the loss? So that you can help the poor?

Niger republic, that is poorer than us,, and is an oil producer, sells fuel at N350 per liter. Because they need the profit to make their refinery run....the same refinery that provides them tons of export revenue.

The day you get subsidy, and how it works, you won't be asking me these questions.

Kasssandra:
Atiku is doing nada, nothing, zero....

The fact is, when you subsidze fuel...you make it difficult for petrol to be sold at a profit. At some point this would affect the petrleum sector and its workers.

Like the strike recently up North by some workers...the fact is, their transport costs have gone up, due to rising prices for diesel, and as a result, they couldun't afford the cost of transporting fuel to end user...because the bridging cost was not enough, even with the price increase...and then government too was struggling to pay them. So, they went on strike.

Atiku had nothing to do with it, nor did Obi.

When you set prices for a businessman, instead of letting them set their price, you run the risk of making them run at a loss. That leads to issues and problems. So, at the end, either they close down or they go on strike and demand their rights.

Whereas if there was no subsidy, sure fuel would be N260 or N400 or more, but the marketers pay themselves, instead of government...and government saves money.

But the APC you support won't remove it, because they don't know how to run an economy...so we now have a balloning budget deficit induced by subsidy...which can't cover costs.

Kasssandra:
Remove fuel subsidy and all this thing will end.

Not only would there be free flow of fuel, but the government will no longer be spending trillions of naira on fuel per annum

And at the end, there would be investment in the sector galore.

I know...high fuel prices. But then again, Kenya partially removed subsidy....because even the new guy knows that it is eating into their budget.

Subisdy must go. No exceptions. We cannot feed the subsidy monster anymore...it must be starved.


(P.S If you want to know why I say this read this link.)

BirtherOfKings:
Tinubu has contributed by putting Good men in that position of governor


I give honour to you sir..u deserve a standing ovation and a statue at okota round about

Staphylococcus:
I love Shertima’s carriage!

He picks his words and hit the nail on the head.


No doubt that, His Excellence, President Bola Ahmed Tinubu selected the most competent, eloquent and viable Vice.


I am certain, assured and guaranteed that, With Asiwaju steering the wheels of power, Shettima will be a good technician to find faults and make fast resolutions.

Shettima is a outstanding “Technocrat” and why he has a double T in his name!

BlackPantherxXx:


This is why Tinubu is our next President.

His vision led to this

Peter Obi's own led to erosion destroyed gutters and dirty slums.

saintopus:
PDP made a huge blunder. They had the best chance of coming back to power but they didn't utilize it.

It would have been an easy one if they had taken or insisted on a Southern candidate.

For now BAT remain the best WORST option

TheNiceGuy:
...and any foundation built on lies always fail.

Obi will fail in the long run

Obi Presidency represented mathematically below

1+1-2 = 0

Efforts to futility

kingsways:
1. At the convention and before the whole world, Wike promised to support any candidate that won PDP primaries. He is failing to keep his promise

He was ready to keep the promise in spite of the last minute treachery of Tambuwal who he had stood by over the years but well... Atiku commited the own goal of disregarding the unanimous opinion of the committee HE constitued to pick a running mate for him. Atiku chose to ignore the strongest option available to help PDP secure the presidential ticket due to his selfishness.

2. Wike lacks honour. It's only someone who lacks honour that breaks a promise
Is it Atiku that has honour? A professional party jumper? At least Wike is still in the PDP despite all the betrayal. What did Atiku do when he lost to Jonathan? Jump to APC! What did he then do when he lost to Bihari jump back to PDP!!

3. No where in the world is the candidate of a party compelled to pick a candidate he defeated as running mate. Wike did not contest to Vice President, he contested for president and was defeated.
How can you set up a committee to get you the best running mate that gives you the strongest chance of beating APC and they overwhelmingly recommend Mr A but instead you ignore their advice and choose Mr B? No be JuJu be dat?

4. By fraternizing with APC, Wike is now wilfully constituting himself into a distraction and nuisance to the PDP.
Freedom of association Sir. Wike is not just a member of PDP, he is also a member of the NGF, a detribalised Nigerian abs and an astute politician.

5. PDP can win without Wike. Afterall he was defeated at the convention with all the Rivers money at his beck. His immunity has less than ten months, and I hope EFCC will do their job when the time comes
Let EFCC start with a certain former Customs officer and one emilokan like that.... I come in Peace oooo!!

SmartPolician:
Come on, Mr. Governor. 50 billion a month is a lot of money. Some states don't even generate that in years. Despite that, Lagos State is still taking bonds and loans.

That's even more disturbing is that the projects LASG gets praised for on Nairaland executing are more PPP projects.

Splitmind:
Our incoming president Bola Ahmed Tinubu has heard the cries of Nigerians and is coming to rescue us.

Vote #BATSHET2023 to take Nigeria to the next level!

Throwback:
Someone once opined on this forum, that this David Hundeyin is actually hollow and shallow.

I now believe by the above tweet he made.

Is it just today that David is knowing that Nigeria supports a lot of our West African neighbours with financial grants and material support, aside from the many bilateral pacts we have with these ECOWAS neighbours?

Did the government tell him they were hiding anything, such that he is calling it "brazen" and "daring" for being legally budgeted for?

What manner of hysterical journalism is this anarchist trying to push to his mob of fellow hate group members?

Even if Peter Obi is voted President, Nigeria will still continue to support our neighbouring countries, one way or another, and they will be budgeted just as this "discovery" from an idle mind that serves the devil well.

madridguy:
"I was misled by Google map to drive on BRT lane" Comedian talk

GAZZUZZ:
I have very thick skin for online miscreants

naptu2:
You used the word "Believe". I work based on facts. I did not say that it did not happen, neither do I know that it did happen because we have not seen any evidence that it did happen. I won't swing either way if I have not seen any evidence.

SmartPolician:
I am trying so hard to understand why Wike is being unnecessarily angry. Atiku has contested presidential primaries and election several times and lost. On every occasion, he picked up the pieces of his life and moved on. Wike only lost once and he is bitter. If he feels he's popular enough to become the president, take a bold step like Kwankwanso and Peter Obi and leave the PDP.

But then, Wike knows that he will become irrelevant in Rivers politics like Amaechi the day he leaves the PDP. He doesn't have a choice than work for the person the party has chosen over him. He has small Rivers State money and was busy insulting everyone, not knowing that he is dealing with a man who looted Nigeria's money at the federal level for 8 years and invested it wisely.

Firstcitizen:
Educated ITK that does not know when, how or where to use the word 'not'

Firstcitizen:
ITK what difference does it make? We know the airport the OP is talking about

Areaboy2:
hahahaha.. Merci mon frère..
j'ai été choqué de voir "d'gaul". ç'est qoi ça