ugonology:
This is what you get when you try to run a country like a poultry farm, Where government provides subsidies on everything from petrol, education, agriculture to power generation and distribution to health care.

Subsidy is the reason why ASUU will always go on strike (students can't be paying 80$ per section and you expect government to handle the rest) socialist government structures like subsidies will always spell doom for any growing economy, look at Syria and Venezuela. 90% of Nigeria's problem is tied to the senseless spendings on 'hypocritical' subsidies that eventually get looted by the high and mighty.
Until we tell ourselves the truth, we will continue to suffer needlessly.

Nukilia:



The sad part of this construct is that the APC supporters at the grassroot are all suffering from the hardship their party has brought on the nation.

The elites of the party sponsor criminal minds to type comments online and sway public opinion. The hotest part of hell is waiting for the APC miscreants.

seunmsg:


I’m on the queue about to buy fuel for N164.9 at Mobil filing station, Jikwoyi Abuja. So, stop lying. Nobody is buying fuel at 1k per liter in Abuja. Not even black market.

ugonology:
This is what you get when you try to run a country like a poultry farm, Where government provides subsidies on everything from petrol, education, agriculture to power generation and distribution to health care.

Subsidy is the reason why ASUU will always go on strike (students can't be paying 80$ per section and you expect government to handle the rest) socialist government structures like subsidies will always spell doom for any growing economy, look at Syria and Venezuela. 90% of Nigeria's problem is tied to the senseless spendings on 'hypocritical' subsidies that eventually get looted by the high and mighty.
Until we tell ourselves the truth, we will continue to suffer needlessly.

Fiscus105:



I think ur frustration on the queen has completely beclouded ur reasoning of judgment and that made u not to know where to direct or redirect ur lamentation to

SarkinYarki:
Which subsidy ..shebi Zombies said Jonathan was performing because of 100 dollar oil
.at 100 dollar per barrel Jonathan was serving us petrol at 87 naira per litre and kept the subsidy bill below a quarter of what Buhari claims to spend annually ..Low oil price Buhari complained now high oil price he is still complaining

backbencher:
Exactly

As the crude oil price rises so does the subsidy cost, and drain on our revenue

Which was what GEJ was trying to tell nigerians 10 years ago. Too bad we didn't listen..( some of us did though, including some of his opponents. But we are in the minority)

Subsidy is a monster that eats and eats money..even when well managed

brandsoncharlie:

Answer this question : where did diezani get 90 billion dollars and other assets of loots despite complaining of paying subsidy?

proclinician:


If you fix power, fuel consumption will drop by 40%. Why didn't you capture it in ur nonsense analysis abi ur mind no reach.

backbencher:


That's why we should fight corruption, plus it is completely off

If you want to blast your politicians, go and blast them, don't come and be asking me, especially since I didn't vote for GEJ or Buhari, or their parties.

Now run along.

brandsoncharlie:

Subsidy has nothing to do with anything be reasonable. Nigerian government just like any other government around the world gives some forms of incentive or the other to citizens that doesn't deter them from functioning.

You're giving lame excuses, am pointing out the irrelevant excuses because that's not making sense.
The earlier you people hold your Nigerian leaders accountable the better for Nigeria as a country.

nedu666:


Subsidy is not Nigeria's problem. Corruption is the problem. They tell u Nigeria does not have money but politicians, contractors, friends, etc have been steadily stealing money since 1970. Imagine wat all the billions of dollars stolen can do in Nigeria

brandsoncharlie:

Jonathan paid subsidy too. What happened then? The minister of petroleum in the person of Diezani madueke looted 90 billion dollars plus other assets in her possession despite the $100 dollar price in crude oil.
Subsidy has nothing to do with this, these mumu African leaders are born criminals.

sammhi:

Did you go to school at all ? You think capitalism is only way to run a country ? If you don't subsidize then you actually handing your citizens to corporation for milking . A growing economy need industries and subsidies if not you run your country to become an imperial state ...very rich few and very poor many
Subsidy is not the issue ...
What should govt do ?
1. Priotise projects
2.cut down coat of governance
3. Make use of available resources to build industries
4. Encourage export by providing conducive environment for business
5. Encourage FDI by lower tax
We can go on and on ....
What we do currently is revenue draining And is the cause of revenue loss..where Government sell crude and import refined fuels .it's absolute madness .it is a recipe for disaster in any angle
I was hoping Buhari by 2015 wil prioritise building mid size refineries to solve and abolish our dependence on importation of refined crude . This will also create wealth , earn government foreign exchange and reduce pressure on the Naira . Now we are waiting for Dangote which in a sense is wrong as you are ultimately placing your citizens welfare in hands of one man. we should have as many refineries as possible . That way there is competition that can lower prices
Instead of borrowing money to bud rails , it should have been used to build refineries...
Rail is not an immediate need

ugonology:


Your roof is leaking...but what troubles you the most is building a factory for the manufacturing of aluminium roofing sheets? Why not stop the leakage first! Before being ambitious of building nuclear reactors and modular refineries. Nigeria is losing trillions annually to this subsidy scam!! These guys are not even subsidising anything! they subsidise a few million barrels, doctor and inflate the figures to hundreds of millions of barrels and get paid with taxpayers money.

Today a litre of petrol is 250, even 300 in some sections of the country... what was the proposed price of a litre of petrol if subsidy were to be removed?? Was it not 300? yet you are not seeing the broad day light robbery of your treasury. pack of schooled idiots...a legion of educated fools�

backbencher:


It is a difficult thing arguing for subsidy removal here on this site.

Most Nairalanders support it unreservedly. Even when they get what you say...the fact is, cheap fuel is what they want.

ugonology:

But this cheapness is it in price or in value?
Sometimes I wonder how we Nigerians reason... we are already on queues fighting and quarreling to buy petrol at 300, yet we resist to allow it officially!

Well I trust Nigerian politicians, they will soon tell us that our petrol cargo shipments were attacked by russian forces, and the ensuring scarcity will force the price to 500/litre. It's a game a perching birds and aiming hunters!

ugonology:
This is what you get when you try to run a country like a poultry farm, Where government provides subsidies on everything from petrol, education, agriculture to power generation and distribution to health care.

Subsidy is the reason why ASUU will always go on strike (students can't be paying 80$ per section and you expect government to handle the rest) socialist government structures like subsidies will always spell doom for any growing economy, look at Syria and Venezuela. 90% of Nigeria's problem is tied to the senseless spendings on 'hypocritical' subsidies that eventually get looted by the high and mighty.
Until we tell ourselves the truth, we will continue to suffer needlessly.

mmsen:


America and the EU subsidize their farmers/farm products. This is why it's so easy for them both to dump their agricultural produce on the rest of the world.

China subsidizes damn near its entire economy. Hence why it's so easy for them to crush businesses elsewhere.

The entire 'capitalist' system is built on 'subsidies'.

ugonology:


No sir, infact subsidies are meant for developed nations, not third world poverty stricken countries with overburden debt profiles, countries that spend more than half their revenue servicing debt! Haba, where do we get the money from? Nigeria that is still struggling to construct bridges. These countries you mentioned have enough to spare, their systems are efficient, tax recovery is near 100%, how many people pay tax in Nigeria?

mmsen:


China is not a 'developed' nation.

Education is subsidized in most countries, especially those with 100% literacy rates.

All that cheap rice that Thailand exports, you think it isn't subsidized?

Malaysia doesn't subsidize its agricultural output?


You think Vietnam does not provide subsidies for its manufacturing?

You are naive if you fail to understand that subsidies/public funds are used to build economies. Nigeria's debt profile isn't anywhere near as high as the above nations.

As to where Nigerians will get the money? Well, you people subsidize religion hence why at least 3 of the top ten wealthiest pentacostal pastors are Nigeria. As well as sponsoring religious travel.

Maybe if the Nigerian government prioritized things that matter then you might get better results but then the government is only a reflection of the populace and Nigerians are stupendously superstitious. You cannot expect the Nigerian government at any level to be rational when the people are so horrendously irrational. Fix that most basic issue first and then you might see some results.

ugonology:


China is not only 'a developing country' she is also the world's second largest economy. You keep mentioning Thailand, Singapore, Vietnam, China...how many of them subsidies fuel importation? Oga, if subsidies are meant for economic growth and expansion like in all the countries you listed, then it is given to producers and manufacturers not importers whose activities have no positive impact on the economy like in our case of petroleum imports. If government gives subsidies to dangote refineries, it's completely different from when NNPC spend trillions importing refined petrol!!