Wodu89:
The bigger enemy isn't subsidy , but lack of management and control of subsidy payments because of infalted invoices.

The citizenry looses alot with the removal of subsidy payments because in this clime, salaries do not increase readily, meaning purchasing power becomes more and more difficult with this economic overhaul.

Maintaining the subsidy is to the benefit of the average citizen. It's managing the invoicing system that's the problem. We can have metered and regulated suslbsidy payment in place with FG placing caps on subsidy payment and then hedging the excesses against Government backed bonds, so short term economic traction is cushioned by long-term macrofinances of the court ey.

If invoicing and lack of accountability is the issue with feul subsidy, then why don't we grant licensing that pays subsidy payments based on metered importation allowance?


When would Nigeria let thinking people lead ? When !


The same 2012 problem is repeating itself. Sensationalism. Assuming that the subsidy only implies people stealing,.forgetting or not even considering it's benefits.


The average minimum wage of a worker can't mean anything in a post subsidized feul economy.


Increase in food prices, Housing, transportation, lifestyle all at once without corresponding rise in salary payments is nothing short of a disaster. Be it Peter Obi, Tinubu, Atiku subsidy removal must be planned and strategized before actualized

AntiChristian:
Nigerians brace up!

Times are gonna be hard but it's gonna get better and better in sha Allah!

AntiChristian:
Nigerians brace up!

Times are gonna be hard but it's gonna get better and better in sha Allah!

Wodu89:
The bigger enemy isn't subsidy , but lack of management and control of subsidy payments because of infalted invoices.

The citizenry looses alot with the removal of subsidy payments because in this clime, salaries do not increase readily, meaning purchasing power becomes more and more difficult with this economic overhaul.

Maintaining the subsidy is to the benefit of the average citizen. It's managing the invoicing system that's the problem. We can have metered and regulated suslbsidy payment in place with FG placing caps on subsidy payment and then hedging the excesses against Government backed bonds, so short term economic traction is cushioned by long-term macrofinances of the court ey.

If invoicing and lack of accountability is the issue with feul subsidy, then why don't we grant licensing that pays subsidy payments based on metered importation allowance?


When would Nigeria let thinking people lead ? When !


The same 2012 problem is repeating itself. Sensationalism. Assuming that the subsidy only implies people stealing,.forgetting or not even considering it's benefits.


The average minimum wage of a worker can't mean anything in a post subsidized feul economy.


Increase in food prices, Housing, transportation, lifestyle all at once without corresponding rise in salary payments is nothing short of a disaster. Be it Peter Obi, Tinubu, Atiku subsidy removal must be planned and strategized before actualized

pongwa:
na for sane countries all these things go work not in our Naija.

Akfrenzy:


Your papa nko 🙄 ?

Is he going to collapse if he Sell u and ur siblings buy form ? 🙄

onatisi:
In this life ,intelligence and brilliancy is not enough. Without courage , determination,guts and balls one is going nowhere .
All the accolades and praises been heaped on Tinubu today for removing fuel subsidy could have been given to get if only he had the balls and courage to stick to his guns and maintain his stand then .

b3llo:
Tinubu is courageous for ending the subsidy regime. We pray it is for the good of Nigerians.

Wodu89:
The bigger enemy isn't subsidy , but lack of management and control of subsidy payments because of infalted invoices.

The citizenry looses alot with the removal of subsidy payments because in this clime, salaries do not increase readily, meaning purchasing power becomes more and more difficult with this economic overhaul.

Maintaining the subsidy is to the benefit of the average citizen. It's managing the invoicing system that's the problem. We can have metered and regulated suslbsidy payment in place with FG placing caps on subsidy payment and then hedging the excesses against Government backed bonds, so short term economic traction is cushioned by long-term macrofinances of the court ey.

If invoicing and lack of accountability is the issue with feul subsidy, then why don't we grant licensing that pays subsidy payments based on metered importation allowance?


When would Nigeria let thinking people lead ? When !


The same 2012 problem is repeating itself. Sensationalism. Assuming that the subsidy only implies people stealing,.forgetting or not even considering it's benefits.


The average minimum wage of a worker can't mean anything in a post subsidized feul economy.


Increase in food prices, Housing, transportation, lifestyle all at once without corresponding rise in salary payments is nothing short of a disaster. Be it Peter Obi, Tinubu, Atiku subsidy removal must be planned and strategized before actualized

BreconHills:


You only have to look at NITEL to see that your argument is a false one. For years, NITEL was the only operator of fixed and mobile telecom lines as well as having a monopoly on overseas calling and even the Internet at its conception.

What was the result? Low quality and erratic services.

On de regulation prices of sim cards were 20k if you could get it. I remember queuing on a long line to get it. But I got it. Today what is the price of a sim card?

Subsidy is not only an inefficient way to manage capital it also allows for fraud. Do you know that one cargo can be used for 3 subsidy payments? Who pays that bill? People who die of preventable diseases and poor post medic care on simple procedures, people who go to university but don't get an education and high cost of business due to crumbling infrastructure.

Look I have an SUV but I will park it and use my matrix. I will do everything I can, cut every cost I can because this is about the future of my children and not whether I can eat Kellogs cornflakes or flex in a restaurant. Luxury businesses will shrink - no problem but this will be offset by growth and credit elsewhere.

Nigeria has NO choice. Any politician that says otherwise is a crook and a thief.

Now is the time. Let's stand up as a nation instead of licking the feet of those who throw us crumbs.

MasterJayJay:

Inflation loading.
Next year, landlords will increase price.
Anyone who thinks things will remain stable when petrol is being sold at 500 naira per litre must be dreaming.

baby124:
Let the FG review those import licenses to make sure they are not issuing it to themselves and capable people can deliver quality petrol as a buffer for subsidy removal and at a good negotiated price.

mdshell:
Learn to quote wisely Agbado brain

Naijanascam:


Blind copying without blueprint and input

LordReed:
Why are they focused on expanding import capacity when we need to increase local production's capacity?

iLoveYouToo:
Now is the time but most people won’t take advantage. After all the northern bigwigs become major importers they’ll claim Tinubu has sold the country to the North


Ignorant response

Emola12:
after dey agree with#500 per litter abi food will now rise up,, transportation over rise you get sense like dis?

AntiChristian:
Nigerians brace up!

Times are gonna be hard but it's gonna get better and better in sha Allah!

Wodu89:




You have a mini view.

Is NLNG not run by the government?

HacheNoire:



You spoke well.

slawomir:
Damnnn niggar
Isoright

Can't imagine I filled my gadmnnn lexus 350 tank today with almost 36 thousand naira something I normally do with 16 thousands naira

Hope the conditions for the licence are not too tough

Because a real niggar might consider getting one of this license some day

Ain't gonna be a key board warrior for life

That shit Ain't sustainable

BreconHills:


What about NLNG? The gas cargoes are sold as futures. So has Nigeria ever defaulted on a foreign obligation? No. Never. Apart from this the FGN only holds 49% of the equity. The other shareholders are Shell Gas B.V. (25.6%), TotalEnegies Gaz & Electricité​ Holdings (15%), and Eni International N.A. N.V. S.àr.l (10.4%) so what's your point?

Govt may be keeping up with its foreign obligations but it defaults on its domestic obligations and that's why we need to reduce government to an enabler not a player.

If I had my way ( and this may well happen?) I would concession the railways and the tracks and simply regulate standards.

There are only two ways out of the situation we find ourselves 1. Borrow more ( which is not sustainable) 2. Unlock assets like Saudi and raise low cost capital.

We already have MoF Inc and NNPC Inc. The former has assets worth 7 trillion. Stack more assets into that and then sell equity on the international markets. We can raise the money we need, and raise our reserves. Once reserves reach USD 60bn we will see USD contract to the 360 mark.

We have no choice. We need courage. We can do this and the time is now.

onatisi:
In this life ,intelligence and brilliancy is not enough. Without courage , determination,guts and balls one is going nowhere .
All the accolades and praises been heaped on Tinubu today for removing fuel subsidy could have been given to get if only he had the balls and courage to stick to his guns and maintain his stand then .