Maxymilliano:
What are the parameters to determine the poorest of the poor? This government is absolutely confused and clueless

Thank you...that is the question

drlateef:



Good question: when you put subsidy on petrol, you are lining the pockets of fuel dealers and importers including the fat rats at NNPC. You are also feeding other countries like Benin, Togo etc with our resources because these products are smuggled across the border into these countries. Petrol is more expensive over there and they rely on smuggled petrol from Nigeria which is cheaper. By directly giving that subsidy money to Nigerians who deserve it, they are able to buy it though at higher price, but the social pay will offset that, thereby plugging the holes of corruption and making the fuel more available to everyone.

What do you think is responsible for the failure of Venezuela and Brazil?

Was tradamoni successful in solving the economic problem!
Was the school feeding programme not the same thing.
What are about the billions of naira invested in interventions
I have not even mentioned #500 billion that has gone waste o!

Now fg will cancel subsidy (it said it canceled three or four times) to now pay another selective subsidy of #200 million every month
And you believe it is a good thoughtful process

Maxymilliano:
What are the parameters to determine the poorest of the poor? This government is absolutely confused and clueless

My problems centers on the fact that it is an ineffective and inefficient approach to solving the problem of the economy nor helping government clean up it's financial mess!
It is even creating more problems for itself and the nation!

They are still looking for means to steal public funds. Which one is 5k to poor Nigerians?

If you want to remove subsidy, remove it and leave no room for stealing.

If government must create incentives, it must be in the form of public mass transportation, reduced transport fares. Even that one seff, we do not have fair maintenance habit, all the buses will pack up after 6 months, the managers will use that avenue to steal money meant for servicing, fueling and fare charges paid up by commuters.

We are a strange country with no discipline and total disregard for the rule of law.

Democracy no fit us at all

This Country is on spell.
Subsidy is not the main issue, do everything within your capacity to stop corruption.

What else is remaining
Story story

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Ndi ochi
Tueh

Lanretoye:
Money wey we no go see...make una comot una subsidy and we no want any grant,small time them go say the money for grant pass subsidy wey dem dey pay.

You know the final story.

At this point i no longer believe in 'better tomorrow' for nigeria any more

At this point i no longer believe in 'better tomorrow' for nigeria any more god we are fvcked

That won't be enough for my monthly transportation fare. Not like it's even going to come to a reality. 40m Nigerians,and what happens to the rest?

All thanks to this government, fares in Calabar is now skyrocketed. My every day body pains due to excessive trekking will surely hunt you o.. no jokes.

In other words; they will make you pay more for fuel and send the money to their people in the north

Nonsense. Not acceptable

use the 50k and pay the subsidy so that we go know say una dey try.

The ast price adjustment shows that price of fuel will be #250 per litre

shegsrules:
use the 50k and pay the subsidy so that we go know say una dey try.

Na 162 plus the difference of 68 naira to give 250 be the new price o

Face edonmy they were shouting us down way back in 2015!

Now it is more complicated

Make buhari get himself ready I because when that fuel stations reads #250 per litre no be small opportunity for trouble makers!
Na the real aphrodisiac

FRAUD ALERT! FRAUD ALERT!! FRAUD ALERT!!!
FRAUD ALERT! FRAUD ALERT!! FRAUD ALERT!
FRAUD ALERT! FRAUD ALERT!! FRAUD ALERT!
FRAUD ALERT! FRAUD ALERT!! FRAUD ALERT!
FRAUD ALERT! FRAUD ALERT!! FRAUD ALERT!
FRAUD ALERT! FRAUD ALERT!! FRAUD ALERT!
FRAUD ALERT! FRAUD ALERT!! FRAUD ALERT!
FRAUD ALERT! FRAUD ALERT!! FRAUD ALERT!
FRAUD ALERT! FRAUD ALERT!! FRAUD ALERT!

baralatie:

What do you think is responsible for the failure of Venezuela and Brazil?

Was tradamoni successful in solving the economic problem!
Was the school feeding programme not the same thing.
What are about the billions of naira invested in interventions
I have not even mentioned #500 billion that has gone waste o!

Now fg will cancel subsidy (it said it canceled three or four times) to now pay another selective subsidy of #200 million every month
And you believe it is a good thoughtful process

1.Venezuela subsidsies fuel to the point that it costs N40 per liter of fuel there...now less. At the same time, they lose 18 billion annually to smuggling of fuel for the same reason Nigeria does...fuel costs more in their neighbours, and thus a smugglier can make lots of money smuggling cheap venezuelan fuel.

As said by this BBC report in 2018

Smuggling the subsidised fuel from Venezuela into neighbouring countries, where prices are much higher, is big business.

Venezuela loses $18bn to fuel smuggling annually, according to government figures. President Maduro says adapting Venezuelan fuel prices to international levels will stamp out smuggling.

The move is part of a wider plan to increase government revenue in the face of falling oil production, Venezuela's main export income

.


2.As for the 200million naira being paid as subsidy cushion...it sounds like a waste...but that's what economists suggest.

Two areas that would benefit from more expenditure are transportation and electricity. Investments in transportation infrastructure would dampen prices in the economy as transportation costs are reduced. An improvement in electricity generation will also have a large impact on production levels and costs in the country. Presently, many firms are seriously constrained by the lack of electric power for production. It should kept in mind, however, that such investments will take years to materialize.

In the short run, increasing transfers to households would reduce the negative effects of fuel subsidy reform considerably. With proper targeting, poor households could be supported for a limited period, for example, a year. After this period the positive effects from the careful investments suggested above should start yielding fruits. Moreover, as new refineries are built competition in the market will ensure that prices are as low as possible. This was observed in the telecommunications industry where SIM card costs were reduced by more than 90% due to increased competition

Tradermoni is really unnecessary though

Very funny. How will #5k help to alleviate poverty. How will you determine the poor or FG just want to balance the poverty levels of the north and south? I think government is really confused here. What they may not know is that removing fuel subsidy will in simple terms cause the prices of other goods and services to ski rocket

backbencher:


1.Venezuela subsidsies fuel to the point that it costs N40 per liter of fuel there...now less. At the same time, they lose 18 billion annually to smuggling of fuel for the same reason Nigeria does...fuel costs more in their neighbours, and thus a smugglier can make lots of money smuggling cheap venezuelan fuel.

As said by this BBC report in 2018

.


2.As for the 200million naira being paid as subsidy cushion...it sounds like a waste...but that's what economists suggest.



Tradermoni is really unnecessary though

You are still buttressing my points on why Venezuela and Brazil had economic issues!
They were government to the left with directs incentives,subsidies meant for its citizens since they had resource.it was not sustainable because international prices crashed and they found themselves in debt!

The same this administration is doing it is running incentives,subsidies,partial subsidies,selective subsidies which it cannot sustain because it is earning less!

The problems the govt wats to solve are
1.the govt wants to have a healthy balance sheet.
2.it wants to be the first govt to ever have an excess budget
3.it wants to be the first govt that has 30% infrastructure budget compared to less than 10% of the past PDP era
4.attain employment growth.


It therefore means the govt will need to move towards the right.
Where

1.it is not paying subsidy for fuel nor supporting left ideologies of selective incentives
2.it has a growing ecomonmy of at least 6%
3.it has sustainable power to fuel productivity


But it has problems to getting this done

etokhana:

https://www.thecable.ng/breaking-fg-will-replace-fuel-subsidy-with-n5000-transport-grant-for-poorest-nigerians

I wanted to say this would be the most foolishly conceived scheme by any government, but then I remembered the people ruling us aren't exactly fools; they know exactly what they're doing.

Won tun ba kan bo ( another Fraud level loading)
May all our enemies not know peace

APC and real scam

baralatie:

You are still buttressing my points on why Venezuela and Brazil had economic issues!
They were government to the left with directs incentives,subsidies meant for its citizens since they had resource.it was not sustainable because international prices crashed and they found themselves in debt!

The same this administration is doing it is running incentives,subsidies,partial subsidies,selective subsidies which it cannot sustain because it is earning less!

The problems the govt wats to solve are
1.the govt wants to have a healthy balance sheet.
2.it wants to be the first govt to ever have an excess budget
3.it wants to be the first govt that has 30% infrastructure budget compared to less than 10% of the past PDP era
4.attain employment growth.


It therefore means the govt will need to move towards the right.
Where

1.it is not paying subsidy for fuel nor supporting left ideologies of selective incentives
2.it has a growing ecomonmy of at least 6%
3.it has sustainable power to fuel productivity


But it has problems to getting this done

Good, we are on the same page.

Na lie saying the poorest population its a trick to move the money to the north thats how they have been doing so we are not surprise

Maxymilliano:
What are the parameters to determine the poorest of the poor? This government is absolutely confused and clueless

The poorest politicians

treesun:


Another misplaced priority. N5K to 40m out of 200m. Please what can N5k do in this our economy? Less than 30 litres of petrol!

Less than 15 ltrs cos by then them to don remove subsidy

baralatie:

What do you think is responsible for the failure of Venezuela and Brazil?

Was tradamoni successful in solving the economic problem!
Was the school feeding programme not the same thing.
What are about the billions of naira invested in interventions
I have not even mentioned #500 billion that has gone waste o!

Now fg will cancel subsidy (it said it canceled three or four times) to now pay another selective subsidy of #200 million every month
And you believe it is a good thoughtful process

The plan of government is how they think in developed society. Those interventions can be tinkered with to make maximum impact on the people.

This government dey always think like Lai Muhammad. No direction just anywhere belle. Nonsense

Bloggz74:


Nigerians can forget easily.

Wasn't this same group that told us in 2014 over and over again that subsidy never existed?

What's going on?

social media cannot forget


https://www.youtube.com/watch?v=uAriq3_2zaM&t=11s