Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,151,369 members, 7,812,063 topics. Date: Monday, 29 April 2024 at 07:34 AM

Fuel Subsidy Is Gone - President Bola Tinubu - Politics (5) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Fuel Subsidy Is Gone - President Bola Tinubu (66678 Views)

Deregulation: Brace For N750/litre Petrol When Subsidy Is Removed, Stakeholders / Peter Obi: Fuel Subsidy Is Organized Crime / Buhari Is Right; Fuel Subsidy Is A Fraud. (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (11) (Reply) (Go Down)

Re: Fuel Subsidy Is Gone - President Bola Tinubu by David8107518434: 3:14pm On May 29, 2023
Fuel leave am
Come for solar

Re: Fuel Subsidy Is Gone - President Bola Tinubu by Electorate: 3:15pm On May 29, 2023
Ajisebioyolaari:
Great decision

kettykings:
This is a nice step if the necessary conditions and checks are put in place to prevent backlash on citizens. However, Hyper inflation loading soon , this apc officials should have waited this evening to know the direction America is taking not to default on debt before taking this long overdue initiative

kettykings:
This is a nice step if the necessary conditions and checks are put in place to prevent backlash on citizens. However, Hyper inflation loading soon , this apc officials should have waited this evening to know the direction America is taking not to default on debt before taking this long overdue initiative

Escapist:
Good decision.

Mattswaggz:
so soon.....

No time to check time. gringrin

domDva:
A good start.

One thing that Buhari lacked was decisive willpower …with all the military background, there was no decisive decision he could make. Osibanjo was even better as acting president

Do you zombies realize the removal of fuel subsidy means fuel will be more expensive and scarce? How is that a great decision? No problem, na una go still cry come nairaland when hardship begin wire una like buhari regime, shebi una no wan get sense.

4 Likes 1 Share

Re: Fuel Subsidy Is Gone - President Bola Tinubu by Sucre6: 3:15pm On May 29, 2023
Girls no go kill me 😂😂

1 Like

Re: Fuel Subsidy Is Gone - President Bola Tinubu by oloriooko(m): 3:15pm On May 29, 2023
so what you saying is that clueless bubu lied to Nigerians about subsidy first by saying it never existed second by saying it has been removed severally and third by effectively removing it on his demise from govt

SmartyPants:


Wrong.

Buhari removed it but post-dated the effective date of its removal. He then implemented it by making no provision for it before leaving office.
Re: Fuel Subsidy Is Gone - President Bola Tinubu by a4cube: 3:16pm On May 29, 2023
aieromon:


Wrong heading....the outgoing PMB administration removed subsidy.



https://thenationonlineng.net/fuel-subsidy-will-end-in-june-fed-govt-insists/
In this in preparation incase the subsidy removal backfires. Uou guys will then say its Buhari that removed not Tinubu. Today is May and your link says " will end in June"

Guy we know who removed it.
Re: Fuel Subsidy Is Gone - President Bola Tinubu by benjaminlawson(m): 3:19pm On May 29, 2023
stanluiz:
Initial gra gra gra!!!

How much is a litre of fuel now ?

Mr Tinubu, what condition have you put to prevent heavy blacklash on the citizens ?

Remove subsidy is one thing. Hyperinflation that's follows is another thing. Not in this fragile Nigeria economy.

That is the problem with so called Nigeria leaders, they make policy pronouncement without deep taught and adequate planning. At the end, the masses whose mandate they stand will suffer. Do you know how much is the litre of NGO or kerosene in the market after the removal of subsidy, how many household are using kerosene today, I don't know why some elected leaders will be do arrogant to make a pronouncements that your protest will not make me stop subsidy remover, even before sworn in as president. I will wait for what will be the consequences on the masses, before further comments.

2 Likes 1 Share

Re: Fuel Subsidy Is Gone - President Bola Tinubu by Gajagojo: 3:19pm On May 29, 2023
patrickcollins:
Decisive u mean with no meaningful alternative to ameliorate the suffering that will come with subsidy removal.
A litre of Fuel to sale for #800 or more, without any working refinery in Nigeria it wouldn't be easy.
Sentiment versus reality
Reality is that there no money to pay for the subsidy

We are borrowing money to pay subsidy
No matter the suffering
Simple bitter REALITY
There is no money for it
So we first need to get rid of a sense of entitlement
There is no subsidy in Togo,Ghana,Niger,Cameroon
Re: Fuel Subsidy Is Gone - President Bola Tinubu by davades(m): 3:19pm On May 29, 2023
What's meaning, fuel subsidy is gone? Or has stay? Please make me understand
Re: Fuel Subsidy Is Gone - President Bola Tinubu by tianshie(m): 3:20pm On May 29, 2023
Do not be fooled by this criminal.
Re: Fuel Subsidy Is Gone - President Bola Tinubu by millionboi2: 3:20pm On May 29, 2023
NaijaCowFarm:
If true, then $ will hit N1,250 by July. Sorry for those still earning Naira
are thy not spending in naira, which one be sorry again
Re: Fuel Subsidy Is Gone - President Bola Tinubu by davades(m): 3:20pm On May 29, 2023
davades:
What's the meaning abeg , fuel subsidy is gone? Or has stay? Please make me understand
Re: Fuel Subsidy Is Gone - President Bola Tinubu by ICEWIN: 3:22pm On May 29, 2023
NgeneUkwenu:
Make I quickly go buy fuel now..
E go still finish,if you like buy the oil well.
Re: Fuel Subsidy Is Gone - President Bola Tinubu by MondayOsunbor(m): 3:22pm On May 29, 2023
NgeneUkwenu:
"The fuel Subsidy is gone. It is unjustifiable.....we shall rechannel the funds to education and healthcare....."

Bola Ahmed Tinubu...




https://leadership.ng/breaking-fuel-subsidy-is-gone-says-tinubu/#:~:text=In%20the%20first%20policy%20directive,the%20wake%20of%20drying%20resources.


FURCK OUT!
Re: Fuel Subsidy Is Gone - President Bola Tinubu by delkuf(m): 3:22pm On May 29, 2023
JagabanBorgu:

Did u hear the speech he made about the subsidy?
He said there is no provision for subsidy in the current budget.
if there is no provision in this budget, does that mean subsidy has been removed.
Re: Fuel Subsidy Is Gone - President Bola Tinubu by SmartyPants(m): 3:23pm On May 29, 2023
oloriooko:
so what you saying is that clueless bubu lied to Nigerians about subsidy first by saying it never existed second by saying it has been removed severally and third by effectively removing it on his demise from govt


If he said it never existed then obviously he either lied or was misguided if/when he said it didnt exist.

But i'm not aware of such a statement anyway. Please share a link.

As for removing it, it was made clear from the beginning that it would take effect from June this year.

3 Likes 1 Share

Re: Fuel Subsidy Is Gone - President Bola Tinubu by tamdun: 3:25pm On May 29, 2023
Racoon:
Same fuel subsidy they have repeatedly called a fraud and have removed many times? The zombies that hid because of Buhari's 8 years of disastrous government are back again to hail and over hype another disaster
Continue complaining...
Re: Fuel Subsidy Is Gone - President Bola Tinubu by JagabanBorgu: 3:25pm On May 29, 2023
delkuf:
if there is no provision in this budget, does that mean subsidy has been removed.
Yes, it means it has been removed and will go along with that budget.
The budget doesn't have provision for fuel subsidy according to the speech, so basically by next month, no more fuel subsidy.

1 Like

Re: Fuel Subsidy Is Gone - President Bola Tinubu by yemi1504: 3:26pm On May 29, 2023
NgeneUkwenu:
"The fuel Subsidy is gone. It is unjustifiable.....we shall rechannel the funds to education and healthcare....."

Bola Ahmed Tinubu...




https://leadership.ng/breaking-fuel-subsidy-is-gone-says-tinubu/#:~:text=In%20the%20first%20policy%20directive,the%20wake%20of%20drying%20resources.

Wondering why the haste when there is budgetary provision until June ending? For a first decision of a new government to suffer his citizens, it portends a bad omen. I rest my case.
Re: Fuel Subsidy Is Gone - President Bola Tinubu by LucemFerre: 3:26pm On May 29, 2023
NaijaCowFarm:
If true, then $ will hit N1,250 by July. Sorry for those still earning Naira

Na $ dem dey use buy cow for your farm ?
Re: Fuel Subsidy Is Gone - President Bola Tinubu by Gajagojo: 3:26pm On May 29, 2023
benjaminlawson:


That is the problem with so called Nigeria leaders, they make policy pronouncement without deep taught and adequate planning. At the end, the masses whose mandate they stand will suffer. Do you know how much is the litre of NGO or kerosene in the market after the removal of subsidy, how many household are using kerosene today, I don't know why some elected leaders will be do arrogant to make a pronouncements that your protest will not make me stop subsidy remover, even before sworn in as president. I will wait for what will be the consequences on the masses, before further comments.
He campaigned on this issue as did Obi and Atiku.

So you are not being honest with yourself
The subsidy reality today is that there is no choice because there is no money for it
No amount of criticism can shift that fact

Last year 4.4 trillion was spent on subsidy. Where is the money supposed to come from?
They borrowed.
How will they pay back?
If Togo can survive ,if Ghana and Niger can do without subsidy we can and we musr

3 Likes

Re: Fuel Subsidy Is Gone - President Bola Tinubu by SanLorrenzo(m): 3:27pm On May 29, 2023
NaijaCowFarm:
If true, then $ will hit N1,250 by July. Sorry for those still earning Naira

Rather it will drop

2 Likes

Re: Fuel Subsidy Is Gone - President Bola Tinubu by prigoz(m): 3:27pm On May 29, 2023
NgeneUkwenu:
"The fuel Subsidy is gone. It is unjustifiable.....we shall rechannel the funds to education and healthcare....."




https://leadership.ng/breaking-fuel-subsidy-is-gone-says-tinubu/#:~:text=In%20the%20first%20policy%20directive,the%20wake%20of%20drying%20resources.

Bola Ahmed Tinubu...
How about the protest he joined during GEJ with Buhari and said that subsidy removal is wickedness against Nigerians but now he is removing it. Anyway the rain that falls for righteous is the same for sinners. Welcome BAT, continue from where Buhari stopped according to your camping promises
Re: Fuel Subsidy Is Gone - President Bola Tinubu by tamdun: 3:28pm On May 29, 2023
NaijaCowFarm:
If true, then $ will hit N1,250 by July. Sorry for those still earning Naira
Dangote fuel will hit market by june,no more free dollars and the president also said there will be parallel exchange rate,no more cheap dollar for anyone
Re: Fuel Subsidy Is Gone - President Bola Tinubu by ukaface(f): 3:28pm On May 29, 2023
sonature1:
If Bola Tinubu totally removes the PMS subsidy, that move will worsen the hardship of Nigerians.
It will be fantastic
Re: Fuel Subsidy Is Gone - President Bola Tinubu by yemi1504: 3:28pm On May 29, 2023
SalamRushdie:
Starting off on a very bad note as usual...he hasn't even resumed to put in place things that would prevent speculation and rush buying

You can say that again! I insist there is budgetary provision until June ending so the why the haste for the usurper?

1 Like

Re: Fuel Subsidy Is Gone - President Bola Tinubu by ogawisdom(m): 3:29pm On May 29, 2023
sonature1:
If Bola Tinubu totally removes the PMS subsidy, that move will worsen the hardship of Nigerians.
He also talked about unified exchange rate. No more about demand and supply
Re: Fuel Subsidy Is Gone - President Bola Tinubu by yemi1504: 3:29pm On May 29, 2023
femisplash:
Did you even listen to him at all?. He said Buhari did not make a fresh provision for subsidy, such that subsidy ends by june, therefore subsidy has officially ended with the last administration.

Which one is now the right statement?
Re: Fuel Subsidy Is Gone - President Bola Tinubu by delkuf(m): 3:30pm On May 29, 2023
JagabanBorgu:

Yes, it means it has been removed and will go along with that budget.
The budget doesn't have provision for fuel subsidy according to the speech, so basically by next month, no more fuel subsidy.
so will the price of petroleum remain the same or will it go up. Now price is 250, when buhari removed it. With the public announcement now by tinubu, will that price remain the same or is likely to go up
Re: Fuel Subsidy Is Gone - President Bola Tinubu by ud4u: 3:30pm On May 29, 2023
sonature1:
If Bola Tinubu totally removes the PMS subsidy, that move will worsen the hardship of Nigerians.

They never know anything, we are watching
Re: Fuel Subsidy Is Gone - President Bola Tinubu by yemi1504: 3:30pm On May 29, 2023
sonature1:
If Bola Tinubu totally removes the PMS subsidy, that move will worsen the hardship of Nigerians.

You can say that again!

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (11) (Reply)

Kashim Shettima Confirmed As Tinubu’s Running Mate - Vanguard / Tinubu Blasted As He 'Teaches Atiku Abubakar A Lesson' At Lagos APC Rally / Chicago State University Reconfirms Tinubu's Certificate

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 50
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.