mrvitalis:

Do you know what's poor ? Poor has no money to buy generator ...poor don't buy fuel

Middle class should and supposed to pay tax ...if you can buy petrol #400 extra 80 naira for development of Nigeria ...tax is the only way to unite Nigeria

Your idea of poverty is ridiculous sha. Poor people can afford to buy gen just as not every rich person can afford a private jet. Every poor person isn't living in extreme poverty. Also, once petrol price goes up, inflation will also go up due to cost of transportation and generating electricity for small businesses.
It may be more beneficial to remove subsidy but saying poor people can't afford a gen is the worst thing I've heard today

Am sincerely saying this our leaders don't care about the masses

samsard:
Your idea of poverty is ridiculous sha. Poor people can afford to buy gen just as not every rich person can afford a private jet. Every poor person isn't living in extreme poverty. Also, once petrol price goes up, inflation will also go up due to cost of transportation and generating electricity for small businesses.
It may be more beneficial to remove subsidy but saying poor people can't afford a gen is the worst thing I've heard today

Most of you mix lower middle class n poor people

A poor person makes and lives on 45,000 a month ...if u spend more than 45k a month you are middle class

Oseniwaje:
Our Leaders are not sincere

Not at all sincere, just like we are not sincere for allowing them to be our leaders.
This same subsidy was removed in 2016, to deregulate the market after Buhari called it a fraud in 2015.

Osinbajo: We’ve saved N1.4trn by not paying fuel subsidy

AUGUST 25, 2016

Vice President Yemi Osinbanjo says the federal government has saved N1.4 trillion for not paying oil subsidy.

Speaking in Kano on Thursday during the third day of the 15th Joint Planning Board and National Council on development meeting, Osinbajo urged Nigerians not to lose faith in Buhari’s administration, saying the president would fix the economy.

“With the deregulation of the downstream petroleum sector, there has been a significant increase in the availability of petrol throughout the country for the savings of N1.4 trillion on subsidy payments alone,” Osinbajo said.

https://www.thecable.ng/osinbajo-weve-saved-n1-4trillion-by-not-paying-fuel-subsidy/amp

Subsidy removal: Tinubu backs Buhari, Falana condemns price hike

13th May 2016

A former Lagos State Governor and National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, has described the decision of the President Buhari-led Federal Government to remove petrol subsidy as courageous.

The government, through the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Wednesday, announced the removal of the subsidy on petrol, pegging the upper limit at N145 per litre from N86.50k.

In a statement in Lagos on Thursday, Tinubu said though the decision was a difficult one, it would ultimately become beneficial to the generality of the people instead of enriching the pockets of a few Nigerians, who enjoyed the fraud of the subsidy regime.

https://punchng.com/subsidy-removal-tinubu-backs-buhari-falana-condemns-price-hike/?amp

mrvitalis:

Most of you mix lower middle class n poor people

A poor person makes and lives on 45,000 a month ...if u spend more than 45k a month you are middle class

LMAO. You're out of touch with economic realities. I'm a single person and I spend about 45k on food monthly. I don't eat anything special. If someone has to survive on 45k gross salary or income, they are poor. Unless you don't realise the present economic realities.
The attached screenshot is outdated but that was when the exchange rate was favorable and things were much cheaper.

It's really concerning that this people keep threatening to remove subsidy very close to the commissioning of dangote refinery which was promised to take care of Nigeria entire fuel consumption.they keep saying we have no working refinery but dangote refinery which is one of the largest refinery in the world is being commissioned this month and they fail to mention it in this report, instead they keep threatening that fuel could rise as much as 700 per litter, well if that's the case then who's crude oil would dangote refinery refine for? It is either the government want to steal more money or dangote refinery that was marketed as the savior for Nigerians was never built to cater for Nigerians rather it was built for the foreign market,in either case Nigerians are screwed and they are unfortunately not knowledgeable enough to know it.

mrvitalis:

Oga Nigeria no stop for your region ...most goods are moved via 911 trucks


Transportation is not an important expenses for the poor ...see Nigerians need to pay tax so they can stop electing leaders on tribal lines

so according to you, transportation is not an important expense for the poor?
I must have been conversing with BMC version of chatGPT.

mrvitalis:
Not only should subsidy be removed ,#50 to #100 tax should be imposed on every litre of patrol


Poor has zero benefits from subsidy at all it only benefits middle class

Remove subsidy tax petrol #100 per litre with the state of purchase getting 70% if that revenue

The plain truth is that, fuel subsidies is one of the ways ordinary Nigerians are benefiting from the corruption at the top.

Fuel Subsidy is like Robinhood, who this time robs the Government and share some of the little spoils and loots to every Nigerian citizen in form of reduced fuel price at the pump.

If you remove it, Robinhood will go hungry for a while but will adapt and find other ways of robbing the Government. The common Nigeria man on the street will see that spoil cut off in the form of astronomical increases in the price of PMS and since everything is connected, food stuff, transportation, rent, cost of everything in Nigeria will shoot up including inflation.

If you ask me, if there is a way to reform fuel subsidies to remove the middleman, Nigerians would continue to enjoy the benefit of living in a Country that produces and export oil….the Saudi Citizens enjoys these kind of redistribution from their oil wealth from their Government.

mrvitalis:

Even units 20 millions per spending 750 billion on subsidy and giving it to commercial banks at say 3% so they can loan it to certain sectors at 10% per year u can limit it to say agro processing , most exports centric or import substitution industries ....do you know what that can do to our economy If done for 8 years ? Do you know


That can generate 800 billion in taxes yearly even


Government is a business ...you invest in people to get taxes to invest in more people

You are clearly one of those without empathy eating our money quietly somewhere.

jerus:
Nothing bad in removing subsidy
Our leaders lack sincerity, they are our problem.

The fuel subsidy is a sham, the fuel imported is being sold to the neighbouring countries, even if subsidy is removed Nigeria will get worser, the money will still be diverted by another means.

Please, how much would Nigerians buy PMS after the subsidy removal?

Another lifeless propaganda from the stables of the satanic, sadistic govt of SELF SERVING THIEVES AND BLOODTHIRSTY TERRORISTS!
Buhari is Nigeria's WORST BLUNDER

What tangible thing has the useless govt of self serving THIEVES done with the previously removed subsidies ... NOTHING TANGIBLE!

Nig is being ruled by a bunch of good for nothing, INSATIABLE, UNREPENTANT, SENILE THIEVES

CodeTemplar:
I have a proposal. Let a test removal be done. With NNPC allegedly as the sole importer, that should be easy to do.

Your proposal is funny.
Nigerians especially people in power are highly ingenious in mischief and sabotage. They'll know it's just temporary and would wait out the entire window of the test only to needlessly cumulate the profit when subsidy is permanently removed.

My take is that they already did the test-run months ago when price rose to a price average of #500/ltr while it was termed a strike action my importers. They wanted to test our resolve to see if we would adapt as usual which we did, that's why they're bold enough to propose an increase of over #700/ltr. My problem with subsidy removal is that we're gonna leave free momey for an irresponsible leader to loot; both ways the average Nigerian is at loss.

Hezzyluv:
Please, how much would Nigerians buy PMS after the subsidy removal?

Imagine if pms sold for #300 per litre now imagine #600

Racoon:
Subsidy controversy and corruption is one of the cash out strategy of every successive government.

The man is the biggest political crook to ever ruled Nigeria.

"Gen.Muhammadu Buhari,the APC presidential candidate has promised to build FOUR new petroleum refineries in Nigeria if elected president during the forthcoming elections taking place later this month..."
http://africanripples.com/buhari-promises-four-new-petroleum-refineries-if-elected-president/

"Nigeria’s former Minister of Petroleum Resources-Ibe Kachikwu,has admitted the failure of President Buhari’s administration to give Nigerians refinery as promised in the run-up to the 2015 presidential election...."
http://saharareporters.com/2019/06/08/buharis-administration-failed-nigerians-not-building-refinery-promised-kachikwu

The man is a biggest calamity that can ever befall on Nigerians yet some people are still praising him.
Well, they say common sense is not common.

CodeTemplar:
I have a proposal. Let a test removal be done. With NNPC allegedly as the sole importer, that should be easy to do.

As of now nnpc is the sole importer and it is already times 2 of gej administration per day
90 million litres per day sef

mrvitalis:

Do you know what's poor ? Poor has no money to buy generator ...poor don't buy fuel

Middle class should and supposed to pay tax ...if you can buy petrol #400 extra 80 naira for development of Nigeria ...tax is the only way to unite Nigeria

this one doesn't know what he's saying.

What about the removed subsidy.

RepoMan007:

That won't be bad.
I have one also. Let a flat subsidy be applied. If he flat subsidy is N100 a litre it means N100 is subtracted from final landing cost and paid for by the govt as against allowing the subaidy value grow.

This was the bases by which subsidy was continually increasing. You don't pay half subsidy on any commodity as it can lead to inflation or increase in price of the subsidised product. The importer will simply increase the price by the unit which the government is subsidising it for. In all these the consumer bears the brunt.

Only #300 per litre and Buhari administration knew it is in trouble.it is #600 per litre that you want to enter.
Make una dey play

ben1daEbiri:


This was the bases by which subsidy was continually increasing. You don't pay half subsidy on any commodity as it can lead to inflation or increase in price of the subsidised product. The importer will simply increase the price by the unit which the government is subsidising it for. In all these the consumer bears the brunt.

the importer is the one subsidizing. That's like a say you cannot trust yourself not to cheat yourself. It is a silly logic to build and argument on.

mrvitalis:

Food and and goods trucks are 90% diesel powered and subsidy has been removed from diesel long time again ... transportation is less than 2% of their spending

Petrol needs to be taxed and state of purchase getting 70%

I've mentioned in several threads regarding subsidy that the greatest enemy we have against subsidy removal are the market women. They increase price at will since no one is regulating it while the government hopes for competition to drive prices down. To circumvent this, the form unions and fix prices making competition almost impossible. Even if market women magically transport their products to the market, they'll still include the price of transport per unit of their product and this irks me the most.

On your second point about petrol being taxed is really ludicrous. The country will turn into the wild west if you do that without an alternative especially power. Any country that has successfully done this has stable power so correct me if I'm wrong. Our economy is too dependent on it unlike developed countries where there's constant power and so many people have adopted electric cars.

ben1daEbiri:


I've mentioned in several threads regarding subsidy that the greatest enemy we have against subsidy removal are the market women. They increase price at will since no one is regulating it while the government hopes for competition to drive prices down. To circumvent this, the form unions and fix prices making competition almost impossible. Even if market women magically transport their products to the market, they'll still include the price of transport per unit of their product and this irks me the most.

On your second point about petrol being taxed is really ludicrous. The country will turn into the wild west if you do that without an alternative especially power. Any country that has successfully done this has stable power so correct me if I'm wrong. Our economy is too dependent on it unlike developed countries where there's constant power and so many people have adopted electric cars.

As long as the price of fuel commodity used in the transport of goods and services increase it automatically means the cost of overheads of moving that product will increase .that cost is different from all other cost of security of the goods,maintenance,delays on the road,wages to the staffs involved and levies.
So it iclear that the more the price of fuel goes up inflation will follow

mrvitalis:

Even units 20 millions per spending 750 billion on subsidy and giving it to commercial banks at say 3% so they can loan it to certain sectors at 10% per year u can limit it to say agro processing , most exports centric or import substitution industries ....do you know what that can do to our economy If done for 8 years ? Do you know
That can generate 800 billion in taxes yearly even
Government is a business ...you invest in people to get taxes to invest in more people

Who are the "Government"? Who do they give these loans to? How will they make profit to pay back with incessant policies being drafted by power-hungry power who once in while engage in d i c k-measuring contest? Lack of continuity has left this country with uncompleted infrastructural projects lying idle everywhere amounting to trillions. Do you know how many people lost their businesses because Ewemefiewele and Ahab in connivance with the Supreme Court were playing in the sand?

Whatever it is that's generated would only be looted while another mad Who would continue enters to chase shadows for another 8yrs.

See I'm tired of typing. These old people don't want this country to work, they know what to do but won't do it.

mrvitalis:

Oga Nigeria no stop for your region ...most goods are moved via 911 trucks


Transportation is not an important expenses for the poor ...see Nigerians need to pay tax so they can stop electing leaders on tribal lines

I like the message your trying to pass regarding voting right but Nigerians are one of the most taxed in the world as compared to minimum wage. We have to different countries in one. One part generates revenue through taxes on alcohol while the other part destroys alcoholic products but would engage in revenue sharing accrued from the same product they hate so much but enjoy in secret. This country don tire me abeg. I dey gex this morning like this.

flexyrule:
The last thing this incoming government should sustain is this fraud called subsidy.

But how can they let go of their cashcow.

May 22, Gen. Buhari will be heading to Lagos to commission Dangote's refinery... And you wonder how a whole state is not able to build a single refinery, yet an individual is.. And the government is going to commission it.

On judgement day, God will judge Nigeria on a monday morning, because he will need enough rest over the weekend to handle Nigeria matter well.

Hahaha....maybe not after receiving Sunday praises.... might still be soft hearted. Say Friday when He's fed up with the damning news coming out of Naija all week and knowing the 'Friday night filth' at hand.....

ben1daEbiri:


Your proposal is funny.
Nigerians especially people in power are highly ingenious in mischief and sabotage. They'll know it's just temporary and would wait out the entire window of the test only to needlessly cumulate the profit when subsidy is permanently removed.

My take is that they already did the test-run months ago when price rose to a price average of #500/ltr while it was termed a strike action my importers. They wanted to test our resolve to see if we would adapt as usual which we did, that's why they're bold enough to propose an increase of over #700/ltr. My problem with subsidy removal is that we're gonna leave free momey for an irresponsible leader to loot; both ways the average Nigerian is at loss.

the test run was not complete because NNPC still pressures IPMAN to sell at low price.

baralatie:

As long as the price of fuel commodity used in the transport of goods and services increase it automatically means the cost of overheads of moving that product will increase .that cost is different from all other cost of security of the goods,maintenance,delays on the road,wages to the staffs involved and levies.
So it iclear that the more the price of fuel goes up inflation will follow

I wrote about this extensively on another thread. Our market women want insane profit margins for their products that isn't commensurate with the price of transportation. The problem is greed! If you know the cost price plus transportation of most of our daily commodities you'll engage in a brawl with even that your "customer" that you think is selling it cheaper. I won't say more than this regarding this issue.

ben1daEbiri:


I wrote about this extensively on another thread. Our market women want insane profit margins for their products that isn't commensurate with the price of transportation. The problem is greed! If you know the cost price plus transportation of most of our daily commodities you'll engage in a brawl with even that your "customer" that you think is selling it cheaper. I won't say more than this regarding this issue.

What do you think is the cost of transportation?