backbencher:
At the end of the day, the subsidy has to go.

My own is that it should have gone in 2012. By now, we would have been long since over the worst...plus back in 2012, government would have had far more money for palliatives for the first 2-3 years.

I leave with this quote on why keeping the subsidy is bad.



sauce; Fuel subsides in Nigeria: they are bad for the economy but the lifeblood of politicans. Originally published in the Conversation on November 4 2021

Summary

Nigeria, Africa’s biggest oil producer, has come under fire from the International Monetary Fund as well as World Bank for the heavy financial burden it carries in providing subsidies for fuel and kerosene. The criticism is rooted in the belief that the money could be better spent on other essential services, such as healthcare and education. The Conversation Africa’s Wale Fatade asks Steve Onyeiwu about fuel subsidies in Nigeria

LINK HERE


disclaimer

This is posted for information and education

I am not a supporter of APC or PDP. I am a supporter of fuel subsidy removal and have been for 11 years.

Critical comments are welcome, but not abuse, and not rhetorical questions. And if you are angry with your governments, take it up with them. I have no link to government at all.

50 years after subsidy is removed, things won't still change. The money from subsidy removal will still be looted. What then?

Eddygourdo:
you are a dunce without capacity for logical reasoning. You want subsidy gone with lip service being paid to the revamp of local capacity to refine. Why should Nigerians earn in Naira and buy fuel refined and imported in dollars. What is wrong with people like you. A cancer to this country. You can sell your conscience for a penny

Good afternoon and do have a good one

oldtruth:


The funniest thing is that, most or all zombies are jobless fools. Just check around

Lmao. Their idiotic president said they should do crypto

ityP:




50 years after subsidy is removed, things won't still change. The money from subsidy removal will still be looted. What then?

You should ask your goverment, not me.

Democracy is hard work.

Good afternoon

Kobicove:
If this APC government dares to increase the price of petrol so close to the general elections they will be 'destroyed' during the elections

They wont. Nigerians are not wise enough to vote out APC, they love their oppressors

Foolish people..
Whenever it's Christmas period, they will have crisis so as to cause inflation..

Six30:
Seems these guys didn't learn anything from #EndSARS

The kind of crisis that will follow after this fuel increment, may be that is when the country will finally burn down.

Which EndSars? The one they are making a caricature of or which? This govt no send anybody o. Come outside for protests, and they'll unapologetically send soldiers to gun people down

ILoveDemMANNA:


The forces of demand and supply should determine the price.
The citizen's life is all that matters.
I want a good nation for all Nigerians.

So why did your beloved leader oppose fuel subsidy removal in 2011?

Did you support fuel subsidy removal in 2011?

Honest answers please.

Okay

treesun:


https://punchng.com/petrol-may-sell-above-n340-litre-marketers-plan-imports-amidst-forex-crisis/

Kobicove:
If this APC government dares to increase the price of petrol so close to the general elections they will be 'destroyed' during the elections

Yes, and that would be good news

At least we got the subsidy albatrosses off our necks.

So long as we remove subsidy and see more investment and gowth on domestic refining, then APC can go to the pieces for all I care.

Enough is enough

Ofunaofu:
The government should continue the subsidy regime until crude oil is refined locally because if our refineries are working and we refine locally subsidy will go naturally

This is the exact thing they're supposed to do but if they do it, it'll make life easier for people and this government doesn't want life to be easier for people.
They used to talk about granting licences for modular refineries but they'll dumped that one

Basicend:


I tell you. I don't see Buhari surviving this. . Nigerians can't take this anymore.

We cant even eat a single meal right now and u want to tighten the screw on poverty. .

Be prepared guys. . Be prepared for anything.

Have you been in the country or you just arrived of recent? Who told you Nigerians can't take subsidy removal? Lmao. Buhari close border, we shout tire, e no change anything. Bag of rice was like 8k, now e be like e don reach 40k. Nigerians took it. The only thing Nigerians couldn't stomach was GEJ. Dude started the subsidy talk but the whole nation came out shouting and he bowed. Buhari is not GEJ. He can even increase it to 1500 naira per litre and no one would say or do shit

InoGetJoy:

This is the exact thing they're supposed to do but if they do it, it'll make life easier for people and this government doesn't want life to be easier for people.
They used to talk about granting licences for modular refineries but they'll dumped that one

We have at least 3 modular refineries , all in Edo and Delta state waiting to start operations

We also have dangote that would kick off next year.

ILoveDemMANNA:


The forces of demand and supply should determine the price.
The citizen's life is all that matters.
I want a good nation for all Nigerians.

Ekwensu, what happened to the modular refinery licences your evil government used to talk about?

What happened to the 1 refinery per year they promised?

Wasn't it this same president that said "there's nothing like subsidy"?

What happened to the billions wasted in NNPC of which your president is the leader?

When Atiku proposed to sell NNPC because it has turned into a cesspool of wastage, you were shouting upandan that Atiku wanted to sell it to his cronies, weren't you?

Nkịta rachaakwa gị anya

DoubleEngine007:
Heaven will not fall my gee. I want them to sell it @ 1k per litr. Those sai baba people must get sense. Maybe they will sell for them at #50 per ltre

As in eh my brother. These zombies think say na only wailers go suffer ... Buhari should show us more pepper abeg.

Nigerians and deceit.
Diesel that is fully deregulated isn't up to 360 yet and it is quoted to be more expensive than PMS. If that's the case, where are we getting the 340 naira per litre price tag from if PMS were to be fully deregulated?

Shame!!

treesun:


https://punchng.com/petrol-may-sell-above-n340-litre-marketers-plan-imports-amidst-forex-crisis/

ityP:



Have you been in the country or you just arrived of recent? Who told you Nigerians can't take subsidy removal? Lmao. Buhari close border, we shout tire, e no change anything. Bag of rice was like 8k, now e be like e don reach 40k. Nigerians took it. The only thing Nigerians couldn't stomach was GEJ. Dude started the subsidy talk but the whole nation came out shouting and he bowed. Buhari is not GEJ. He can even increase it to 1500 naira per litre and no one would say or do shit

The reason why people get mouth for GEJ time was because oil prices were at an all time high and that blinded a lot of people to the damage that subsides could do.

All they saw was oil is above 100 dollars a barrel, why can't we afford subsides? Meanwhile people like Noi and sls who were actually running the economy could see the damage, but people won't listen

Buhari has had oil prices consistently below 86 dollars a barrel and as low as 24 dollars a barrel at some points since he took power..so even though NLC may make some noise they know that this isn't the high revenue days of the GEJ adminand they know that there is some truth when the government says they cannot adequately fund subsides

backbencher:


You should ask your goverment, not me.

Democracy is hard work.

Good afternoon

Lmao. Trying to be smart by half. Keep shouting "subsidy removal", as if the money for the removal go dey your hands to use judiciously. That's how we heard "close borders", close borders now, beans don cost pass rice.

streetsoldier1:


They wont. Nigerians are not wise enough to vote out APC, they love their oppressors

You have sense.

ityP:




Lmao. Trying to be smart by half. Keep shouting "subsidy removal", as if the money for the removal go dey your hands to use judiciously. That's how we heard "close borders", close borders now, beans don cost pass rice.

If we keep subsidy removal we would end up taking more and more loans and losing billions to the subsidy monster.

Better read about subsides. No matter how you try the subsidy monster must be fed.

backbencher:


We have at least 3 modular refineries , all in Edo and Delta state waiting to start operations

We also have dangote that would kick off next year.

The modular refineries will start work after the removal of the subsidy?

Isn't this the same thing this government did when they banned importation of rice? Any sensible human being would first make sure that local production is enough for consumption before banning the importation, but they banned it and right now, rice is so expensive.

They want to do same with fuel. They promised 1 refinery per year, but all we've been getting are excuses. What prevents them from making sure the refineries we have are working at maximum capacity for local refinement, and then building more refineries before removing subsidy? The modular refineries you're talking about, why aren't they operational and why aren't there more?
This government is a bunch of thieves, and they're doing everything possible to make life miserable for people

backbencher:


The reason why people get mouth for GEJ time was because oil prices were at an all time high and that blinded a lot of people to the damage that subsides could do.

All they saw was oil is above 100 dollars a barrel, why can't we afford subsides? Meanwhile people like Noi and sls who were actually running the economy could see the damage, but people won't listen

Buhari has had oil prices consistently below 86 dollars a barrel and as low as 24 dollars a barrel at some points since he took power..so even though NLC may make some noise they know that this isn't the high revenue days of the GEJ adminand they know that there is some truth when the government says they cannot adequately fund subsides

He can increase it to 2000 naira per litre and loot as much as he and others can. We no go die. The highest that will happen is we join other comrades abroad and breathe a breath of fresh air

InoGetJoy:

The modular refineries will start work after the removal of the subsidy?

Isn't this the same thing this government did when they banned importation of rice? Any sensible human being would first make sure that local production is enough for consumption before banning the importation, but they banned it and right now, rice is so expensive.

They want to do same with fuel. They promised 1 refinery per year, but all we've been getting are excuses. What prevents them from making sure the refineries we have are working at maximum capacity for local refinement, and then building more refineries before removing subsidy? The modular refineries you're talking about, why aren't they operational and why aren't there more?
This government is a bunch of thieves, and they're doing everything possible to make life miserable for people

Exactly. We all know subsidy must go. Heck, na them dey against am that time. But why now when things are so difficult for the citizenry? How much is minimum wage? How will someone collecting 30k pay for 340 naira per litre price? 30k sef na only federal government workers and very few states? How many other states are implementing 30k minimum wage? These are the issues

InoGetJoy:

The modular refineries will start work after the removal of the subsidy?

Isn't this the same thing this government did when they banned importation of rice? Any sensible human being would first make sure that local production is enough for consumption before banning the importation, but they banned it and right now, rice is so expensive.

They want to do same with fuel. They promised 1 refinery per year, but all we've been getting are excuses. What prevents them from making sure the refineries we have are working at maximum capacity for local refinement, and then building more refineries before removing subsidy? The modular refineries you're talking about, why aren't they operational and why aren't there more?
This government is a bunch of thieves, and they're doing everything possible to make life miserable for people

I agree with you that the government are a bunch of thieves but that does not change the fact that there are 4 to 6 other refineries nearly ready in addition to Dangote big refinery. There is also the BUA guy's own which can refine everything but PMS.

And NNPC is hurriedly fixing up its Warri and PH refineries

If we keep subsidy we will end up in more and more debt. Subsidy costs are going to shoot up to 3 trillion next year. Oil crude revenues are also not stable and cannot fully fund our budget. Oil has been too low below sustenance level. So subsidy has to go.

And I hate the idea by the way. But we effing have no choice.

ityP:




He can increase it to 2000 naira per litre and loot as much as he and others can. We no go die. The highest that will happen is we join other comrades abroad and breathe a breath of fresh air

Where fuel prices can be as high as 400 to 900 naira per liter.

And the tax rate chops your income very well.

Most people there don't use cars too much.

WizBLANCE:
I can't wait for 2023 but then I thought of the possibility of Nigerian voting in a president worst than Buhari.

It is more like a trend, the past admissions seems to better than the present...

But is there anybody worst than Buhari?
What's the possibility of such person becoming our next president?

Only God can help us now.

my brother that's it o! Personally sha, I don't think there's any administration that could be worse than this one ( although I pray there shouldn't be); anyhow sha, let's hope for the best

backbencher:


Where fuel prices can be as high as 400 to 900 naira per liter.

And the tax rate chops your income very well.

Most people there don't use cars too much.

True. We trek to work or ride horses

Incredible128:
my brother that's it o! Personally sha, I don't think there's any administration that could be worse than this one ( although I pray there shouldn't be); anyhow sha, let's hope for the best

How won't it be worse? Buhari has practically scattered every area of governance. All the next president would be doing is remedying the mess. No one would notice progress during this time

As long as buhari supporters are buying petrol at same price as me. No problem. Sell it at 500. Buhari supporters must join in the suffering.

ityP:



True. We trek to work or ride horses

Fine horses they are too...