₦airaland Forum

Buhari is a scammer, he just scammed Nigeria in every area.

There is something we are not being told, this current rise of petrol is unparalleled in history.

Doyou2019:
Why can't they just remove the subsidy now? Why wait till May?
They're scared of losing an election they have already lost!

Anytime way Dem ready make Dem remove am..... We don dey prepared....

Kobonaire234:
Ok. Keep subsidy, pay more in debt to IMF and World bank.

Good morning. There is no such thing as cheap fuel

Hahaha you're just very clueless. See the nonsense you wrote and call it TED talk

Kobonaire234:
No alternative to deregulation and removal of subsidy either

This is the only serious comment here.

obi58:
Subsidy must stay. Low fuel price is the only thing Nigerians benefit from the government.

Hope you know this is a scandalous lie?

List of goods and services under government subsidies and price regulation include airline tickets, rice, university education, electricity, forex, healthcare, religious pilgrimages, public piped water. You could also add massive employment of government workers who do basically NOTHING to earn their salaries.

Think about Government Water Boards - there's 37 State Water Boards in the States and FCT and yet access to piped water in Nigeria is below 5%. And those workers collect salaries every month. That's subsidized work! Same thing with the NNPC refineries that produce NOTHING and yet retain thousands of paid staff.

Why would anyone make a claim that fuel subsidy is the ONLY benefit given to Nigerians by government? Government subsidies and price controls are in Nigeria are massive and pervasive. Those subsidies and regulated prices are THE REASON for the long term stagnation of the Nigerian economy. If they're not significantly reduced or completely removed, Nigerians will NEVER experience generalized economic prosperity.

Be advised!

clinician2x:
Hahaha you're just very clueless. See the nonsense you wrote and call it TED talk

Ok, good sir.

IbeOkehie:
Hope you know this is a scandalous lie?

List of goods and services under government subsidies and price regulation include airline tickets, rice, university education, electricity, forex, healthcare, religious pilgrimages, public piped water. You could also add massive employment of government workers who do basically NOTHING to earn their salaries.

Think about Government Water Boards - there's 37 State Water Boards in the States and FCT and yet access to piped water in Nigeria is below 5%. And those workers collect salaries every month. That's subsidized work! Same thing with the NNPC refineries that produce NOTHING and yet retain thousands of paid staff.

Why would anyone make a claim that fuel subsidy is the ONLY benefit given to Nigerians by government? Government subsidies and price controls are in Nigeria are massive and pervasive. Those subsidies and regulated prices are THE REASON for the long term stagnation of the Nigerian economy. If they're not significantly reduced or completely removed, Nigerian will NEVER have generalized economic prosperity.

Be advised!

Please tell me if airline tickets cuts across all Nigerians? If airline ticket increases by 30% does it have an impact on food prices in the market? Increase fuel price by 30% and see the impact.

Government intervention in rice production has only benefited domestic producers because of government protectionist policies today bag of rice which in 2014 was around 8k is now 40-50k. Is that subsidy intervention to you?

Government intervention in University education is their basic responsibility which they have not done very well in as evidenced in the last 8 months strike which has not been resolved.

See there is massive inefficiency in government and that's why Nigerians have to go out and vote wisely.

obi58:
Please tell me if airline tickets cuts across all Nigerians? If airline ticket increases by 30% does it have an impact on food prices in the market? Increase fuel price by 30% and see the impact.

Government intervention in rice production has only benefited domestic producers because of government protectionist policies today bag of rice which in 2014 was around 8k is now 40-50k. Is that subsidy intervention to you?

Government intervention in University education is their basic responsibility which they have not done very well in as evidenced in the last 8 months strike which has not been resolved.

See there is massive inefficiency in government and that's why Nigerians have to go out and vote wisely.

Repeat - subsidies, market controls and regulated prices are pervasive throughout the Nigerian economy and are responsible for ALL the economic problems in the country. Most Nigerians don't even understand basic economics, which is why a majority voted for a Presidential Candidate who in 2015 told them "there's nothing like fuel subsidy".

Believe it or not, I don't want the government to withdraw the fuel subsidy or ANY subsidies. I want Nigerians to keep enjoying the results of their lust for government freebies until they get the ultimate and inevitable end results. Consult Google and read about the causes of economic crisis in Greece, Venezuela, Lebanon and Argentina. That's the future that awaits Nigeria and then the people will cry out for an end to subsidies and price controls. For now, fuel subsidy must continue, the will of the people - foooolish people - must prevail.

Enjoy the Change