If Buhari can go this far to explain things to the populace he may have leant a lot to help the entire Nigerians

Sam3446:

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Hotzone:
If Buhari can go this far to explain things to the populace he may have leant a lot to help the entire Nigerians

Are you been ironic or sarcastic?

Kilotat:
Total fuel subsidy removal is a Good thing.
But Elrufai and buhari where Critically against Goodluck Jonathan on total fuel subsidy removal in 2011, and their people agreed with them then. What Change?
Southern nigerian should Be wise. Love your leader no matter what he is doing. Check My Signature

Always question your leaders. You put them there to do a job and if they are failing you speak up.
The problems in the North comes from the culture of not speaking up against leaders when they fail, don't make the same mistakes.

What's the primary duty of Nigerian Customs if you know that smugglers and neighboring nation's are benefiting from the subsidy?
Should Nigerians suffer for your incompetence and failure in getting our refineries working?
All our leaders are just Olodos.

If we are been sincere the complete removal of the fuel fuel subsidy now will send Nigeria into a comma first the death next . Buying a liter of fuel for maybe 2dollars will cripple the country . we are in a lot of pains as it is . We need to stop borrowing to avoid pressure from the super powered country to force us to remove our subsidy while they themselves pay their citizens allowances unlike us . We need to wake up and do something with our country.

And some Mumu will believe this dwarf demon oo lol... Stupid people, what ve they done the the common man? So the 5k is suppose to make things easier for ordinary Nigerians ba? The economy as of now is in a terrible shape and people are really suffering but once subsidy is gone, that's when Nigerians will see hell.

Most holy father in heaven, pls give me the strength and ability to save myself from this calamity of a country.

ManirBK:
May GOD bless our Gallant and committed
Governor, The truth is always biter.

Truth that they sent our subsidized fuel to Cameron? Because his statement legalized illegal selling of our subsidized patrol to Cameron ���

did i just read 2 to 3 percent jump in inflation with 100percent increase?

Damn! is alright.

did i just read 2 to 3 percent jump in inflation with 100percent increase?

Damn! is alright

ManirBK:


https://dailytrust.com/el-rufai-cameroon-shut-down-its-refinery-because-of-cheap-fuel-from-nigeria

There is hardship everywhere in the country. Dollar to naira rate most terrible in the history of Nigeria. Things are very expensive to buy. The insecurity in the country is unprecedented in Nigeria.

People are dying of hunger. The next thing to do again is to increase fuel price despite the hardship in the land, knowing fully well they have one year + to the end of their tenure.

Petrol price was #97 under Jonathan before he left office. Now they want to increase the petrol price again to #340 per litre, creating more hardship especially for the masses!

It would be so sad if the senate, house of assembly and the state governors allow them to increase the fuel price again.

Posterity will never forget the hardship this government brings to Nigerians.

The earlier they use the remaining one year + to correct their mistakes, the better for them. They will all be accountable to God.

Would you rather buy petrol at the market price — currently about N264/litre — but get quality healthcare and education in return? Or would you prefer to keep buying subsidised petrol — currently at N162/litre — but our public hospitals and schools will remain abysmal? This is the perennial predicament presented to Nigerians for the past three decades since the fierce argument over fuel subsidy began. From the days of Gen Ibrahim Babangida as military president, the subsidy debate, framed in different ways, has always been a source of fiery relationship between the government and the people. It has led to strikes, protests, riots and killings at various points.


I would love to enjoy the best of both worlds, so why should it be an either/or question? I would say I want to buy petrol at N162/litre and, at the same time, get quality education and fantastic healthcare. I want government-owned schools in Nigeria to be as good as state schools in the UK when it comes to modern classroom infrastructure and excellent instruction — and for free. I want government-owned hospitals to have the best of qualified and motivated doctors and other personnel, as well as the most modern of medical equipment, super-adequate hospital beds, and the best of care — topped up with free consultation, free treatment, free surgery and free drugs.

But there are serious problems with my choice because they are based on some outrageous assumptions. One, I am assuming that Nigeria is “rich” and, therefore, has enough money to fund petrol subsidy and still offer excellent healthcare and education to hundreds of millions of its citizens. I am ignoring the fact that the country now services its debts with over 90% of its revenue and is running on empty. Two, I am assuming that it is my birth right to buy cheaper fuel because Nigeria is an oil-rich country. That is why I think I should buy petrol at a price that is lower than what obtains in other countries, even though I bought my car at a price that was not subsidised.

On the other hand, if I argue that I should buy petrol at N264/litre and then begin to enjoy world-class healthcare and education for little or nothing, I am also making many ambitious assumptions. One, I am assuming that the money that would have been saved this year would have been spent by the government (federal and state) to improve social services. From experience, the money is more likely to go into building ultra-modern governor’s lodges and constructing airports than go into improving healthcare and education. Two, I am assuming that the government even has the capacity and the will to manage social services in a way that would be beneficial to the people on the streets.



Yet, the fuel subsidy burden is no longer a joke. A[b]ccording to analysts, the bill would likely hit N2tr by the end of 2021 as crude oil prices keep going up. NNPC says we are consuming 60m litres per day. The higher the crude oil price, the higher the petrol subsidy. We must have spent over N10tr on petrol subsidy in the last 10 years and I cannot say our lives have been bettered by that. Nigeria is practically bankrupt. At this rate, states may go to FAAC meeting one day and come back in tears. All kinds of ailments are surrounding us at the same time: low oil revenues, low FX inflow, high debts and a monumental subsidy bill. In the meantime, economic productivity is hampered by insecurity[/b].

Anytime I look at the subsidy figures and what we could have done with the money, I am deeply saddened and conflicted. We are talking about $4bn potentially pumped into petrol subsidy in 2021 alone. Some would say it is equal to piling up tonnes of dollars and setting them on fire. If $4bn is split in two and injected directly, honestly and judiciously into education and health sectors alone, Nigerians would feel the impact and rejoice. Nigerians would see the result. But they are forced to ask: of all the times that subsidies have been removed with promises to fix hospitals, roads and schools, what was the outcome? Did our lives change for the better? What were the benefits?

I may be exaggerating, but I would say only once have fuel prices been raised and Nigerians could actually point to what was achieved with it. In October 1994, Gen Sani Abacha, then head of state, increased petrol price from N3.25k to N11 and dedicated N5/litre to the Petroleum (Special) Trust Fund (PTF), which he set up to utilise the gains. It was headed by Maj-Gen Muhammadu Buhari, who happens to be our current president. PTF built roads, equipped hospitals and did water projects, among others. You could see PTF signboards at project sites across the country. But the other instances of fuel subsidy removal only produced mass transit buses. The rest was mainly “audio”.


It is, therefore, always a herculean task preaching to ordinary Nigerians that they need to let go of fuel subsidy, no matter the fraud involved in the application. The subsidy removal campaign has been packaged in so many ways. I remember the campaign for “appropriate pricing” in the 1990s. The key point was that, like every product in the market, petrol (and other fuels) should be priced to reflect the cost of producing it. Later, it became “deregulation”. That was packaged as government no longer getting involved and allowing the private sector to run the show. As far as activists are concerned, it is all about inflicting more hardship on poor Nigerians. Any other thing is theory.

Government officials have also often said insensitive things while advancing the case. There was a media campaign under Babangida that “a bottle of Coke is more expensive than a litre of petrol”. What exactly was the point — comparing oranges with tennis balls? As Prof Olatunji Dare asked then, were Nigerians now drinking petrol in place of Coke since it was more affordable? One of Babangida’s ministers, Col David Mark, as he was, queried why students were demonstrating against fuel price hike “when they don’t own cars”. He probably thought they trekked from their village to their schools. All these arguments only led to more resistance from the unions and students.

There was the argument over smuggling. Because Nigeria was selling petrol below market price, the product was being smuggled to neighbouring countries for arbitrage. We were therefore subsidising the consumption of petrol by our neighbours. If the prices were the same all over, the incentive for smuggling and corrupting the security officers at our borders would be gone — naturally. This is a logical argument and makes perfect economic sense, but there was also a counter-argument by activists: that the government was indirectly saying it was incapable of policing our borders and Nigerians should thus be “punished” for a clear state failing. Something like passing the buck.

Let me now come clean: I was pro-fuel subsidy and I wrote persistently against it from my student days until January 2012 — when the government of President Goodluck Jonathan announced the deregulation of the downstream sector, which expectedly came with pump price increases. I was shocked at the people that were urging me to oppose the removal. Some of these people were openly canvassing deregulation. I started asking myself why they would campaign for something on TV and then nudge me to oppose it. It was when the entire subsidy scam, running into trillions of naira, became public knowledge that I began to understand what was going on. I retreated.



While we have been campaigning that the government should “protect” the poor by keeping petrol price low, we were playing into the hands of the fat cats as they were busy buying private jets. I landed at the Abuja airport one day in 2012 and was dazed by the number of private jets at the GAT. They were parked wing-to-wing. Most of the jet owners turned out to be subsidy scammers. When you asked them what they were doing for a living, they would say “oil and gas”. No physical office. No tank farm. No refinery. From that era, I began to show more interest in the workings of the subsidy regime. My conclusion since then has been that we were really protecting the rich.

That moment of truth did not turn me into an anti-subsidy campaigner. Rather, I began to ask myself what we should subsidise. I was no longer persuaded that petrol subsidy is the right thing. I would rather the money was pumped into other sectors. Let Nigerians enjoy quality healthcare and education at subsidised rates. Re-direct part of the fuel subsidy to public hospitals so that we can have the equipment, drugs and personnel to protect poor Nigerians from dying cheap deaths. Re-direct part of the fuel subsidy to fund education so that poor Nigerians can get world-class education while paying little or nothing. That is a more productive application of subsidy, I told myself.

But you know what? Stop the average Nigerians on the street today and ask them if they would rather pay more for fuel than receive better treatment at public hospitals and you are more like to hear them defend keeping fuel price at N162/litre. Why? It is not difficult to understand: they easily feel the impact of fuel price hike. If you promise them that the subsidy budget would be re-directed to create world-class hospitals, they would laugh at you and ask: “Na today? Is that not what they tell us all the time?” The average Nigerians do not think the government cares about them. They see themselves as neglected. They think they are only needed at election times because of their PVCs.

I will be honest: although I can analyse from now till tomorrow how good and pleasant it would be to re-direct the $4bn subsidy to social services, the truth is that it is the poor that would be hit the most, at least in the short run. Transport and food costs will go up instantly. Yet, we cannot continue sinking N2tr into petrol subsidy yearly. It is unsustainable. The biggest challenge is how to wean us off subsidy. Ghana is also oil-producing but sells petrol at N459/litre. They automatically adjust the pump price as crude price changes. Are Nigerians poorer than Ghanaians? No. Now, this is the trick: Ghanaians, unlike us, were not brought up on petrol subsidy. That is our predicament. Entrenched.

The fuel subsidy dilemma by Simon Kolawole.

Lol ;DLol naija don die

ManirBK:
May GOD bless our Gallant and committed
Governor, The truth is always biter.

Who is your gallant & courageous govr if I nay ask? Was he not the one that mounted the rostrum at Ojota,Lagos in 2012 to advocate that fuel then should not be more than N45/litre? What has now change ?

I do not expect an opposing comments from El Rufai, he has and will always make supporting comments to whatever policies of this current government and APC. He would have been in opposition if it was a PDP government or any other.

Note; I am not a partisan person, I am part of the masses and for the masses. I support good leadership but the current happenings is a "NO".

If APC was truly honest like it professed before 2015, it could have deployed the 2018 and 2019 subsidy budget of over 2.5 trillion naira respectively to revamp the existing refineries bringing an end to fuel importation as well as subsidy silently which is a hoax. And allow us to rest on subsidy story. There is no genuine subsidy on fuel and electricity. It's just a looting channel designed legally same with security votes provisions.

Maxymilliano:

But it was the same El-Rufai that protested for almost a week in Abuja when GEJ removed subsidy some years back.

Does it mean Malam has changed his view on subsidy or he did that to discredit Jonathan's government ?

No it is because,Mallams will tell you that they saw a fellow Mallam eating salad,even if he was eating shit.
And they will tell you they saw a brother eating shit,even if he was eating salad.

They are critically hypocritical, I have come to know. That is why despite all the killings and kidnappings in the North-West....they are all mute.
Because Buhari is a bloody Mallam.

Which of the Cameroon as a country shut down her refinery purposely to rely on fuel from Nigeria because it's cheaper from Nigeria? Nigerians wise up! These people capitalize on situation to justify their greedy act. Cameroon has two refineries. The one located in Limbe is the only one shut down. It has been shut down due to fire gut that destroyed their equipments , and it's rehabilitation to cling back to life once again. God will judge our leaders

Governor El-Rufai is right.

We can not continue to sell cheap fuel anymore, it is not in the interest of Nigeria.

We need to make fuel as expensive as possible to teach Cameroon a lesson.

If you're condemning Buhari's excessive borrowing and you're also against fuel subsidy removal, then you're a devil yourself.

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Kilotat:
Total fuel subsidy removal is a Good thing.
But Elrufai and buhari where Critically against Goodluck Jonathan on total fuel subsidy removal in 2011, and their people agreed with them then. What Change?
Southern nigerian should Be wise. Love your leader no matter what he is doing. Check My Signature

There were no functioning refinery under Jonathan, it would be wrong remove fuel subsidy then.But now we have close to ten private refineries.

This countries are not oil producing nation.
The people Manning the borders are not doing what they are expected to do.

Kilotat:
Total fuel subsidy removal is a Good thing.
But Elrufai and buhari where Critically against Goodluck Jonathan on total fuel subsidy removal in 2011, and their people agreed with them then. What Change?
Southern nigerian should Be wise. Love your leader no matter what he is doing. Check My Signature

Southerners are the greatest idiots

Perfectbeing:
If you're condemning Buhari's excessive borrowing and you're also against fuel subsidy removal, then you're a devil yourself.

If you were against fuel subsidy removal in 2011 when not in power but now championing it now in power, you are the Devil father.

Perfectbeing:
If you're condemning Buhari's excessive borrowing and you're also against fuel subsidy removal, then you're a devil yourself.

The truth is that government is not even sincere about the fuel subsidy regime.
They are talking about it as if when it is removed we will have somuch money to solve all our problems

Biodun556:


There were no functioning refinery under Jonathan, it would be wrong remove fuel subsidy then.But now we have close to ten private refineries.

Oya name them

This is just an excuse to increase fuel price. They will still be paying subsidy.

It’s like they use the same gimmick every time but we somehow forget these tactics.

BobbieZion:


No it is because,Mallams will tell you that they saw a fellow Mallam eating salad,even if he was eating shit.
And they will tell you they saw a brother eating shit,even if he was eating salad.

They are critically hypocritical, I have come to know. That is why despite all the killings and kidnappings in the North-West....they are all mute.
Because Buhari is a bloody Mallam.

It is the foolishness of the Southerners that baffles me more, how they have not till this day decode that these abokis are one with themselves is beyond me.

E2000:
If we are been sincere the complete removal of the fuel fuel subsidy now will send Nigeria into a comma first the death next . Buying a liter of fuel for maybe 2dollars will cripple the country . we are in a lot of pains as it is . We need to stop borrowing to avoid pressure from the super powered country to force us to remove our subsidy while they themselves pay their citizens allowances unlike us . We need to wake up and do something with our country.

What will be the use, when a typical Aboki is on the seat?