advanceDNA:




It’s a negotiation strategy...
They know they are bringing it to 250
So they’ll first throw out an absurd figure like 385
They will now let NLC look good by allowing them protest....make them self look good that they listened to our cries ... then bring it down to 250....


3 months later ...they will remove subsidy again...

Agraphics2021:
Pray for Nigeria!

tauceti23:
In 2012, Nigerians were told that subsidy has to go. Nigerians protested, rioted, and the subsidy was brought back under a different name.

Now, we are at the point where we have no choice because

1.We are losing billions to smuggling of cheap fuel

2.We have virtually limited investment in new refienreis because no one is going to come and build refinereis with price controls so low

3.We are running out of spare cash to keep fuel prices low. Oil is not as high as it used to be

4.We don't have a high tax to gdp ratio to pay for subsidies


So, inasmuch as I don't like APC, and think they have failed...it is time we said goodbye to subsidy.

Or we keep on taking loans and more loans to make up for the money lost for paying subsides.

And look, we can remove Buhari tomorrow.,....we can bring back GEJ, we can split the country, we can do whatever...but it still does not change the fact that we cannot keep on subsidisng fuel, or lying to ourselves by partially removing subsidy and bringing it back when prices rise.

All our neighbours, including the oil producers pay higher

Time we faced reality.


P.S If you abuse me, I report you to the mods. And any questions will be met with the response: Go and read about subsidy and why it is bad...and also 'How should we fund a subsidy'. I have supported subsidy removal since 2012. And I think it is high time we woke up to the fact.

Again any abuse will be reported to the mods.
You re so scared of criticism... Like you are so sure of the gibberish you re spewing when you don't even work in aso rock... Just because you read a numbo jumbo propaganda you feel you re now ominiknowest

eseelvis:
....

IgweBUIKE1:
...

tauceti23:
In 2012, Nigerians were told that subsidy has to go. Nigerians protested, rioted, and the subsidy was brought back under a different name.

Now, we are at the point where we have no choice because

1.We are losing billions to smuggling of cheap fuel

2.We have virtually limited investment in new refienreis because no one is going to come and build refinereis with price controls so low

3.We are running out of spare cash to keep fuel prices low. Oil is not as high as it used to be

4.We don't have a high tax to gdp ratio to pay for subsidies


So, inasmuch as I don't like APC, and think they have failed...it is time we said goodbye to subsidy.

Or we keep on taking loans and more loans to make up for the money lost for paying subsides.

And look, we can remove Buhari tomorrow.,....we can bring back GEJ, we can split the country, we can do whatever...but it still does not change the fact that we cannot keep on subsidisng fuel, or lying to ourselves by partially removing subsidy and bringing it back when prices rise.

All our neighbours, including the oil producers pay higher

Time we faced reality.


P.S If you abuse me, I report you to the mods. And any questions will be met with the response: Go and read about subsidy and why it is bad...and also 'How should we fund a subsidy'. I have supported subsidy removal since 2012. And I think it is high time we woke up to the fact.

Again any abuse will be reported to the mods.

tauceti23:
For those who think subsidy was removed...

1.In 2012, and 2015 what happened was that subsides were partially removed.

2.In brief, prices are raised to a point where subsides can be paid at a level that is affrordable to governemnt

3.However, costs keep on rising...so subsides rise...

4.This reaches a point where subsides become unsustainable

5.So government riaises the price, and subsidy falls.....

6.In 2015, government even raised the price till subsidies went away...however, the cost of production of petrol price rose above the subsidy price, till at some point government had to pay subsides again to keep the selling price low.

7.This has been happening since the late 1980's.

8. Initially, prices were subsidsed to a level where NNPC was allowed to make a profit, albeit small...however from the late 1980's, prices were subsidised below NNPC 's prodction cost

9.This led to a serious issue eventually.....not enough profit....refinereis went to the dogs...because not enough cash to maintain


By removing the subsidy, it is hoped that the proifts made attract more investors into the refining business which would lead to prices falling naturally.

10. At the moment, NNPC is running severe losses to keep fuel subsidised. Nigeria has these options

1.Continue subsidisng fuel at a loss, till NNPC collapses

2.Raise taxes to subsidse fuel

3.Take more loans to subsidsie fuel

4.Hope that oil prices rise above $100 again

5.Take more loans and more loans.

(Again, any abuse will be reported to the mods. Sorry, but Nairaland needs to change)

hybrid77:
I'm so happy that Nigerians (not APC or PDP SUPPORTERS ) will pay almost 400 naira per litre..

So the wailers and zombies, who spend all their time fighting for their Candidates here on nairaland, will end up paying as much as N4000 for 10 litres of petrol..

You see eh, when tribalism and stupidity engulfs your soul, you will never understand that karma exist

Now, the Fulanis, hausa, yorubas, and igbos will suffer unnecessarily because some zombies and wailers supported incompetence of unimaginable proportions.

Lets keep fighting ourselves while your president, governor enjoy themselves with your loot

effort1:


Yeah mannabbgrills the Pretender will pay, Helinues will pay, sirjamo will pay, arewa1stson will pay, pissfulprotester will pay, simplyleo will pay, Vaughanlanrewaj will pay. Madridguy will pay, ngenukwenu will pay. The thing is really sweet

So, what's now the benefit of being a Buahri ass licker if you will still undergo all the sufferings that Buhari causes just like every one else?

Even their 30k stipend would have finished before the month reaches half.

Shame shame shame!!!

dre11:
• Tougher days ahead as governors pull subsidy plug

• Poverty, inflation to worsen in coming months



https://m.guardian.ng/news/nigerians-to-pay-n234-billion-taxes-monthly-with-petrol-at-n385-per-litre/

Grace001:
Shey them use sufferness curse Nigerians ? When will the masses ever enjoy good governance.

Truly, Nigeria system is design to continually put 80% masses in abject poverty, anything to inflict hardship on the masses is Nigerian government agenda.

Anyways Nigerians are used to suffering and smiling, they are not really complaining.

As a matter of fact, Nigerians are still in love with their oppressors they will still vote another person that will inflict sufferness and hardship on them.

heniford2:
so all this point you mentioned here is to give yourself hope of knowledge right well done.

Okoroawusa:

You are highly intelligent and devoid of emotions.

hybrid77:
I'm so happy that Nigerians (not APC or PDP SUPPORTERS ) will pay almost 400 naira per litre..

So the wailers and zombies, who spend all their time fighting for their Candidates here on nairaland, will end up paying as much as N4000 for 10 litres of petrol..

You see eh, when tribalism and stupidity engulfs your soul, you will never understand that karma exist

Now, the Fulanis, hausa, yorubas, and igbos will suffer unnecessarily because some zombies and wailers supported incompetence of unimaginable proportions.

Lets keep fighting ourselves while your president, governor enjoy themselves with your loot