₦airaland Forum

Matters such as this, the midget will find his voice. This government is very insensitive to the plight of the masses and are always looking for ways to inflict more pain

SALIMAN:
To buy @ the said 320 or 340 will be a big issie foe the poor masses, it's going to be a nightmare of this is done for Nigerians

It's also going to reduce our borrowing, free up more money for spending by the government on things like health and education, attract more and more investment in our petroleum sector, and crucially, make more and more people interested in building refinereis, so that Dangote won't hold a monopoly....since it would now be profitable to refine at home...and eventually in the long term, would bring about price reductions.

It would also end the culture of lying and stealing and smuggling of subsidized fuel to neighboring countries at our expense, inflation of subsidy claims , and so forth. Importation of fuel would eventually reduce.

That is, if government stops setting the price of fuel.

It would also save at least N2trillion a year, if not more.

If we had done this removal of subsidy in 1993, or in 2012, by now we would have been over the hard suffering. But we did not remove subsidy for the arguments that you are making right now, meanwhile because it has become unprofitable to refine fuel at home, we have ended up with no refinereis, and NNPC rejoicing over a profit made ...after 2 decades of losses

The ironic thing is that many in this government were at the forefront of marches against subsidy in 2012.Now they have seen the reality, and know why their PDP predecessors wanted subsidy gone then..

This government dey shameless, how on earth they protested against GEJ regime from doing away with subsidy, now they want to do d same thing.. Is good for those particular set of people that supported APC base on tribal and religion sentiment to bring in Buhari.. Una go see people pepper... make i see any begger from that side come beg 4 money.. threaten our lives den say make we no come out vote, cos if PDP win, them go kill all strangers turn us to foreigner in our own country, i remember how many how many times dem talk to me calling walking corpse if GEJ win den... God u too much.. God Harden Buhari heart make him bring more policy's wey go make tins hard... we die here.. make i hear pim?

For 5k a month?

Which kind package be that?

Total removal with no 5k...

backbencher:
It's also going to reduce our borrowing, free up more money for spending by the government on things like health and education, attract more and more investment in our petroleum sector, and crucially, make more and more people interested in building refinereis, so that Dangote won't hold a monopoly....since it would now be profitable to refine at home...and eventually in the long term, would bring about price reductions.

It would also end the culture of lying and stealing and smuggling of subsidized fuel to neighboring countries at our expense, inflation of subsidy claims , and so forth. Importation of fuel would eventually reduce.

That is, if government stops setting the price of fuel.

It would also save at least N2trillion a year, if not more.

If we had done this removal of subsidy in 1993, or in 2012, by now we would have been over the hard suffering. But we did not remove subsidy for the arguments that you are making right now, meanwhile because it has become unprofitable to refine fuel at home, we have ended up with no refinereis, and NNPC rejoicing over a profit made ...after 2 decades of losses

The ironic thing is that many in this government were at the forefront of marches against subsidy in 2012.Now they have seen the reality, and know why their PDP predecessors wanted subsidy gone then..

Why can't the government fix our refineries as they promised. People are already going through hell, remove subsidy and watch the sufferings double or triple.

omenkaLives:
Can someone explain this subsidy thing to me? Wasnt there news about a total removal of subsidy last year? Why in God's gracious name are we still talking about subsidy?

Basically what happened last time is what has happened several times.

First off a subsidy roughly speaking is the amount of money paid to cover the difference between the government price of fuel and the actual cost price.

The problem is that the actual cost price is always increasing because of inflation, and because the cost of production always goes up.Then the price of crude also affects the price of fuel too.

That means that Government has to, in order to keep fuel prices low , spend more and more on subsides. Unfortunately that puts pressure on our budget meaning that we end up running deficits. And taking loans and more loans.

So Government reduces the amount of money spent on subsides and this manifests as a price increase..

Last year because of COVID, oil prices went down drastically. This meant that the price of fuel went down as well. Because o the fall in oil prices, there wasn't enough money to pay for subsidising fuel, so government stopped subsides.

But when prices of crude went up, government brought back price controls and subsidies for fuel, otherwise we would have been paying 300 naira for fuel by now.

That's the explanation of subsidy and why price of fuel went up from 15 kobo 4 decades ago to 165 naira now.

Jflex07:
Why can't the government fix our refineries as they promised. People are already going through hell, remove subsidy and watch the sufferings double or triple.

Well government did sign a contract for the renovation of some of the refineries.

Also the issue really is not fixing the refineries. It's making enough of a profit to keep the refineries running and that is what subsidy doesn't allow.

Akuko mama ngozi

backbencher:
Basically what happened last time is what has happened several times.

First off a subsidy roughly speaking is the amount of money paid to cover the difference between the government price of fuel and the actual cost price.

The problem is that the actual cost price is always increasing because of inflation, and because the cost of production always goes up.Then the price of crude also affects the price of fuel too.

That means that Government has to, in order to keep fuel prices low , spend more and more on subsides. Unfortunately that puts pressure on our budget meaning that we end up running deficits. And taking loans and more loans.

So Government reduces the amount of money spent on subsides and this manifests as a price increase..

Last year because of COVID, oil prices went down drastically. This meant that the price of fuel went down as well. Because o the fall in oil prices, there wasn't enough money to pay for subsidising fuel, so government stopped subsides.

But when prices of crude went up, government brought back price controls and subsidies for fuel, otherwise we would have been paying 300 naira for fuel by now.

That's the explanation of subsidy and why price of fuel went up from 15 kobo 4 decades ago to 165 naira now.

Thanks for the explanation sir. Now it's all clear to me now. That your moniker nor fit you at all, you didn't explain like one of them at all.

But you are slow in supporting removal of VAT from the fg.....as long as it's more money for you you are fine but if it's the other way you go a ranting

They should also increase the minimum wage from 30k to 80k or 100k

Who asked this failed governor?? Bandits are operating freely in his domain and Kidnapping he hasn’t commented on that yet.

Misplaced priority and gross irresponsibility.

Let put it this way bro, the riches will be like it's just common additional 200 naira that was just added to it so its nothing. On the other side the mass Effect of it will be bear mostly by the average and the poor , because what it meant will be doubling the price ,in Nigeria of today it's always hard for prices of commodity to come down. Even if the glory appraisal of subsidy comes in does it mean salary will increase in time . Transport will be cheaper ,

backbencher:
It's also going to reduce our borrowing, free up more money for spending by the government on things like health and education, attract more and more investment in our petroleum sector, and crucially, make more and more people interested in building refinereis, so that Dangote won't hold a monopoly....since it would now be profitable to refine at home...and eventually in the long term, would bring about price reductions.

It would also end the culture of lying and stealing and smuggling of subsidized fuel to neighboring countries at our expense, inflation of subsidy claims , and so forth. Importation of fuel would eventually reduce.

That is, if government stops setting the price of fuel.

It would also save at least N2trillion a year, if not more.

If we had done this removal of subsidy in 1993, or in 2012, by now we would have been over the hard suffering. But we did not remove subsidy for the arguments that you are making right now, meanwhile because it has become unprofitable to refine fuel at home, we have ended up with no refinereis, and NNPC rejoicing over a profit made ...after 2 decades of losses

The ironic thing is that many in this government were at the forefront of marches against subsidy in 2012.Now they have seen the reality, and know why their PDP predecessors wanted subsidy gone then..

SALIMAN:
Let put it this way bro, the riches will be like it's just common additional 200 naira that was just added to it so its nothing. On the other side the mass Effect of it will be bear mostly by the average and the poor , because what it meant will be doubling the price ,in Nigeria of today it's always hard for prices of commodity to come down. Even if the glory appraisal of subsidy comes in does it mean salary will increase in time . Transport will be cheaper ,

Well there would be some impact , which is why government should increase the 5000 naira they are promising and also.use some of the savings on public transport

The problem with subsides is that it is contributing to our debt and making us borrow and borrow

Useless creatures, you people will support it since it will bring more hardship to the populace, if it's something to bring relief you idiots will waka pass ham. God will judge u all.

Whenever I read the reasons why the government wants to inflict pains on the people, it just goes to convince me that Nigeria can never work.

The Govt provide an amount of 5k to reduce the effect for how long ,
.Means should find alternate means of movt.
2.maybe we should consider farming to source the family meal if ypu cant afford buying .
----------------GOVT SHOULD HARMONISE ALL SALARY TO THE SAME SCALE ,

.

backbencher:
Well there would be some impact , which is why government should increase the 5000 naira they are promising and also.use some of the savings on public transport

The problem with subsides is that it is contributing to our debt and making us borrow and borrow

As at when GEJ left, fuel was #87. These demonic agents of this wicked party APC has gone to confuse the populace ever since about removing subsidy to justify #147 per litre price then #165. This same bag of bones called Buhari had called subsidy a scam o. When fuel prices crashed everywhere in the world a year or two back, it went up in location 419. Now they want to remove subsidy again for the third time. APC is a rotten party and their supporters are the worst scum of Earth.

Racoon:
Wicked souls! Same subsidy was to be removed in 2012, but they opposed it.They mobilized all the now shameless Occupy Nigeria/Save Nigeria Group, Labour
Celebrities, Students, agberos to protest against the removal even calling it a scam.

After perpetuating the same scam for more than 6 years with its attendant complications on the economic alongside the massive looting of available resources and their chronic
borrowings, they now back tracked.Just like privatisation of the cesspool of corruption called NNPC, fuel subsidy needs to go.

God bless you jare
Useless APC

Mtcheew. Elrufai? Dat one no get sense na

backbencher:
Well government did sign a contract for the renovation of some of the refineries.

Also the issue really is not fixing the refineries. It's making enough of a profit to keep the refineries running and that is what subsidy doesn't allow.

I knew I'll find you here. You're now a back bencher eh?

Back from limbo to do your master's work

They are will continue to remove subsidies every end of the year, despite the fact they met the price of fuel at #160 per litr ,today fuel is #240 per litr ,still we are yet to remove subsidies, the most corrupt government on earth is been supervised by Buhari.

Racoon:

https://www.youtube.com/watch?v=y7nNWw_lXDk&ab_channel=AyoAlexAlao

U can see hatred all over his face for GEJ administration. I told people then that Buhari is a sadist and nothing good will come out of him.. what he openly condemned on national tv is what he is putting heavy on Nigerians.

Racoon:
https://www.vanguardngr.com/2021/11/state-governments-will-support-total-removal-of-fuel-subsidy-el-rufai/amp/

May God continue to punish u all for dis wickedness

Wicked souls who do not care about de way of her citizens

Tueh i spit on u

backbencher:
I really hope the subsidy scam is at an end

It has been on for over four decades now and is the reason for us getting into debt and running deficits in our budgets and so on and so forth

It is also the reason we have bad refineries. In order to keep fuel cheap we skimped on repairing our refineries and thus they ran down.

The thing is everytime the goverment since 1993 and even before then has suggested that subsidy must go we have all said no. Last time was in 2012 and most Nigerians said no for the same reasons many Nigerians are saying no.

All I know is we should have taken the medicine back in 1993. By now we would have been a big time exporter of refined product self and the economy would be at a better place.

APC has failed. PDP has failed. Buhari has failed and so on but subsidy has to go.

you are an APC stooge.

Well subsidy has to go eventually anyways

Steewpid and mad people everywhere

djkirkoo2:
you are an APC stooge.

In 2012 when I was backing the removal of subsidy after waking up to the reality of how it was damaging us, you would have joined buhari to call me a PDP stooge.

I have never voted for APC or buhari in my life for the same reason I never voted for Obasanjo. They have been there before. Why should they come back?

Ngozi okonjo iweala and sanusi lamido sanusi are the reason why I don't support subsidy.

Good morning.

If it hell rufai.....am not surprise.

I am available for thesis writing for undergraduate and postgraduate.

Contact me on festymoore1@gmail.com

....and may God punish all of you with unusual ease. Wicked fellows