HacheNoire:



smh….

Google will help you!

oga, USA has the largest reservoir of oil ,they are not oil producing nation at all...it was during the time of Obama that they started storing oil,they believe they oil will soon finish in the world and when it happens, they want to be the one in control of the oil market...go and make proper research, it's not everything u see in Google that u should believe .

Hussein035:


I am disappointed in this disobedient children. You people still have energy to type after God has already shown you people serious shege.

Even shamelessness will be ashamed of how shamelessly disobedient the headless mob could be😂🤣😂

Show me a Nigerian who has not gone through shegey.
It’s even possible the shegey you are going through is worse than the people you are making jest of.

wirinet:

How can it be profitable for a nation with minimum wage of N30,000? How can it be profitable for a nation where over 70% live on less than $1 per day.

It is only profitable for government workers, afterall Emir Sanusi said he did not know the price of petrol when he was CBN governor. A he knows is that his car is always fuelled.

Minimum wage can be increased
Infrastructural development

The money can do a lot. Cos even the sis Sist we talking about is a scam. Importers keep inflating what’s not even coming into the country, and the ones that come-in, they still transport to other countries after getting subsidy on it

A lot of scam in that scheme called subsidy. It’s just too expensive.

Ashawoman82:
oga, USA has the largest reservoir of oil ,they are not oil producing nation at all...it was during the time of Obama that they started storing oil,they believe they oil will soon finish in the world and when it happens, they want to be the one in control of the oil market...go and make proper research, it's not everything u see in Google that u should believe .

Please use your Google, its free. USA is the largest producer of crude oil in the world. The only issue is that the crude is for local consumption and reserves, not for export.

Ashawoman82:
oga, USA has the largest reservoir of oil ,they are not oil producing nation at all...it was during the time of Obama that they started storing oil,they believe they oil will soon finish in the world and when it happens, they want to be the one in control of the oil market...go and make proper research, it's not everything u see in Google that u should believe .

Sigh….

Are you sure of what you talking about? I want you to rethink before I start educating you.

HacheNoire:


Price per liter in Saudi Arabia is $0.62/liter. Are we paying that much in Nigeria? That’s what subsidy has been cushioning.

It’s time we step up!

Yes

Nigeria is paying ₦184 or $0.25/liters for fuel.

Good Development.

If u remove subsidy, then open borders immediately

Same ol same ol #yawn

HacheNoire:
It’s a sacrifice we must all make. No going back!

The amount that has been siphoned through that program is enormous.

What should be on the table is the how funds will be channeled into programs and infrastructures that will cushion effect.

When Jonathan wanted to remove it what did u guys do... Its now u know they steal money through that means. All of a sudden all of u who came out are now cool like ice water

Nigerians are mostly unpatriotic.

Think of what you can do for your country before what your country can do for you.

Tinubu needs to show strength by seizing the licenses of these depots and filling stations sabotaging the economy. Scapegoat a few, others will align.

HacheNoire:

Its not even about the corruption that goes on, it’s about the impact on our finances. That the major thing.

Do you have an idea how much we subsidize in monthly basis, you wouldn’t want to know.

Subsidy should be removed and minimum wage should be increased. That will have a direct impact and not just few scamming the whole country.

You said it's not about the corruption that goes on but went ahead to ask if I know how much is being expended monthly on subsidy...

What caused the high amount that is spent monthly on subsidy?

Increase minimum wage and then an increase in fuel price is the solution ??

He should have also announced the removal and the increase in minimum wage same time.

Why the sudden announcement on the day of inauguration without proper consultation or consideration?

You can't just announce a removal of subsidy, with the knowledge of the consequence, without offering a cushioning solution to it.

This is him being insensitive or misguided by the insensitive lot.

HacheNoire:



Sigh….

Are you sure of what you talking about? I want you to rethink before I start educating you.

hmm. Alright I guess I'll have to update my research.

2mercy:
•Depot owners shut down operations

•Transporters hike fares, commuters grumble

•Stakeholders support subsidy removal



https://www.vanguardngr.com/2023/05/petrol-price-jumps-to-n350-ltr-as-queues-return/

. We are our problems in Nigeria. The past administration paid the subsidy to the end of 2023 The present administration would decide whether to continue or not. BAT said he would remove it and that implies as from 2024.
It is disturbing that marketers increased fuel pump price as from yesterday.
This trend must be stopped. We cannot be making life difficult for ourselves .
Enough is enough!

BAT is the only man with iron balls that has what it takes to grow the economy, he just did what OBJ, GEJ, and PMB are afraid to do. Nigerians hate the truth and taking responsibility. Basic economy: it doesn't make sense to borrow for consumption , for how long shall we as a nation continue to borrow loans to enrich a few at the detriment of fuel subsidy? It is simple if the subsidy is a must then it's high time Nigeria run into full-scale capitalism by privatizing every sector so that the FG will have a few loads and then focus on subsidizing the fuel bcs we can't give what we don't have (the USD).

Qc1:



Yes

Nigeria is paying ₦184 or $0.25/liters for fuel.

If they didn't have crappy exchange rate or if it was 250 to a dollar we won't mind so if the exchange rate

HacheNoire:


Minimum wage can be increased
Infrastructural development

The money can do a lot. Cos even the sis Sist we talking about is a scam. Importers keep inflating what’s not even coming into the country, and the ones that come-in, they still transport to other countries after getting subsidy on it

A lot of scam in that scheme called subsidy. It’s just too expensive.

Why did he not announce minimum wage increase and fuel subsidy removal at the same time? How are people to survive before he decides to increase minimum wage?

If the subsiby is a scam, should not the new government be more interested in catching and prosecuting the scammers? Afterall EFCC and police are pursuing Yahoo boys everyday like Jack Bauer. Are they powerless against subsidy scammers? Why punish the masses instead?

wirinet:


Why did he not announce minimum wage increase and fuel subsidy removal at the same time? How are people to survive before he decides to increase minimum wage?

If the subsiby is a scam, should not the new government be more interested in catching and prosecuting the scammers? Afterall EFCC and police are pursuing Yahoo boys everyday like Jack Bauer. Are they powerless against subsidy scammers? Why punish the masses instead?

It’s still day 1, let’s watch.

Too early to judge.

Orbhagbemi555:

Atleast Pandora don lose ..
We are okay

Lol he is not queuing and lamenting/wailing with you now.

wirinet:


I don't see how any small business would survive on N700 per litre petrol.

But see how ignorant children are celebrating subsidy removal.

GoodofNaija:


Is your living standard and minimum wage same as Saudi Arabia!

Try dey use your sense!

Unfortunately for him. he has No Any Sense to Use.

Ashawoman82:
hmm. Alright I guess I'll have to update my research.

Please do.

Scarcity234:

You said it's not about the corruption that goes on but went ahead to ask if I know how much is being expended monthly on subsidy...

What caused the high amount that is spent monthly on subsidy?

Increase minimum wage and then an increase in fuel price is the solution ??

He should have also announced the removal and the increase in minimum wage same time.

Why the sudden announcement on the day of inauguration without proper consultation or consideration?

You can't just announce a removal of subsidy, with the knowledge of the consequence, without offering a cushioning solution to it.

This is him being insensitive or misguided by the insensitive lot.

That's what government mouth pieces we have here do not seem to understand. They will not be able to curtail the backlash such an insensitive and hastly action would bring. I am sure they are relying on army to shoot people if the people react. They will be surprised this time around, as the poor masses would have nothing else to lose but their lives. Every successive government since OBJ has tried sudden subsidy removal and had to rescind the decision when the people reacted. Tinubu is just forming voltron feeling he can take on Nigerian since he is nicknamed Jagaban. Let's wait till next week.

HacheNoire:


You made a point that I tried to ignore. My focus was on, what’s best for the country not the people who will implement.

Whats best for the country is what benefit the country on the long run, but in these case of Subsidy removal i don't see it benefiting the country both on short and long term due mainly to insincerity in governance and criminality in the oil sector.
A serious govt won't dive into subsidy removal without, cushion policies, alternatives and contingencies plan to arrest effects of "Panic buy"

Remember Diesel & kerosene had alternative despite that none is below #800 per litre today .. now imagine Fuel that has no alternative, infact Nigeria economy runs on fuel, the inflation effect will be unprintable

eliyke:
Refinery wey Neva ready wey buhari run go commission,my brother wey dey wrk Dere say,e no sure say dat thing go even wrk dis year

ah we have been scammed oh. cause they have pushed forward so many dates on that refinery

a4cube:
Lol he is not queuing and lamenting/wailing with you now.

We're already ruling on agulu 😁😄😄

Tonyblessed:
Do apc supporters buy at a cheaper price? If not. their suffering has just started times 100.

both Atiku Obi said they would remove subsidy if they become president... Elections is over grow up... Ur wailing makes no difference

Buhari to Nigerians right now

Government should quickly set up public transportation schemes all over the federation and subsidize it. Do it to a point were it won’t make sense to drive your personal car to work and let’s see if this will not work

wirinet:
We all agree that petrol subsidy has to go, but to remove it as his first executive order is very cruel and insensitive. Given that he is struggling with credibility issues, and his government is not popular to begin with. The new government should have waited until Dangote Refinery comes on stream and making sure nepa gives at least 16hrs of power per day before removing subsidy. Now I hear price of petrol has jumped to N700 per litre. How are we to run business at N700 per litre, that means we will use N12,000 to run our generators everyday. By how much can we increase the cost of our goods and services?
In the space of one week, power rates increased by 30% and petrol increased by 500%, while salaries remain the same. How are businesses and citizens going to survive?

which metrics are u using to measure credibility is it obidients cheap noise.. unpopular how someone who got 25 percent in 30 States?? We know how some marketers do things... Even with subsidy wasn't there fuel scarcity before naira saga during buhari tenure... U guys should have open mind tinubu won a fair elections... Na Ina wey push Obi to run under LP make APC win easy otherwise Atiku would have been president Toda...

Zionmdde:

And how many times has this kind of thing passed?


Subsidy removal without dangote refinery or any national refinery producing is disastrous

Anyway I heard that apc supporters will still be buying at 189. Just come with ur brooms.

Sorry to disappoint you, Dangote refinery will sell at international market price despite sourcing for raw materials here and producing locally. He's going to enjoy his monopoly to the fullest.

And just to add, prepare for MTN kind of monopoly when GSM first came to Nigeria. His business model isn't built on patriotism. Check how much he sells cement and flour locally and compare to how much he sells in other African countries.

The only way subsidy removal wouldn't have affected Nigerians negatively is if the removal was done after all 4 government refineries are working in full capacity alongside the Dangote refinery to drive competition.

Let's see how things pan out sha.

HacheNoire:



Even if all refinery’s are repaired, fuel will still be selling at close to international market prices. It won’t reduce price to current selling rate.

Subsidy has been doing all that and it’s time to let go.

stop defending nonsense, subsidy has to go everyone knows that Jonathan tried it you guys including tinubu criticized him, but that's not the point, on your first day on the job you haven't settled yet the first thing you do is to inflict more hardship on Nigerians where you haven't fully figured out the situation on ground both politically and economically, 24hrs later the presidency is radio silent, we should be wiser than this.