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Nairaland Forum / Nairaland / General / Politics / President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi (19816 Views)
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President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by chokekachy: 10:06am On Jun 03, 2023 |
It’s either President Bola Ahmed Tinubu and his inner circle didn’t read my April 29 column titled “Six Agenda Items for Tinubu’s Success” or they did but dismissed it as the impractical, high-flown, indulgent musings of an idealistic diasporan Nigerian. The fifth item on my list concerned petrol price hikes amid the current agonizingly biting poverty in the land. https://m.facebook.com/story.php?story_fbid=pfbid02PhMv7jqCqsMa98Mp7YYAafK3mYjWadBtxEiF6CoXmk4JUSZFMKWhc8V93Jz5cfpwl&id=47904265&mibextid=Nif5oz 43 Likes 8 Shares
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Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by christejames(m): 10:08am On Jun 03, 2023 |
Subsidy ronu! I hope Urch1ns are paying 87 naira per litre? 34 Likes 2 Shares |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by Burruchaga71(m): 10:22am On Jun 03, 2023 |
Revolution LOADING 13 Likes |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by amnesty7: 10:23am On Jun 03, 2023 |
Ok |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by tommy589(m): 10:31am On Jun 03, 2023 |
It is either workers not getting paid at the end of the month or removing subsidy Whatever happens won't stop politicians from enjoying the national cake 30 Likes 3 Shares |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by pandoragirigory: 10:36am On Jun 03, 2023 |
Tinubu is trying to accelerate good governance, but Nigeria of tribalism and religious sentiments is not ripe for it, he should put some modalities in place to cushion the undesirable effects of high fuel purchase after subsidy 26 Likes 3 Shares |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by richidinho(m): 10:37am On Jun 03, 2023 |
pandoragirigory: Stop supporting rubbish Government all over the world are subsidizing basic needs of the people China provides world record subsidy on cotton for its people USA subsidize oil, Agriculture, housing, automobiles and health care What are our govt subsidizing for its people, nothing The only product you are subsidizing is what you want to remove because you simply have no idea on how to tackle the corruption that has engulf the policy? If you cant, abeg step down..we have people that can sanitize the system and bring normalcy 109 Likes 15 Shares |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by goodness4ever(m): 10:42am On Jun 03, 2023 |
We need a President that will empathise with majority of Nigerians. Making a unilateral declaration that 'subsidy is gone' shows a leader not connected with the people. He could have made consultations first; and he could have made palliative measures before making public statements on the issue. 36 Likes 2 Shares |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by RacistProudIgbo: 10:44am On Jun 03, 2023 |
This man no dey tire to write crazy things all the time. 56 Likes 1 Share |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by Dougad: 10:47am On Jun 03, 2023 |
The fools supporting this nonsense are most abundant group of people in this country. Follow follow other people mouth na wetin there Sabi. Ask the idiots to break down the reason for supporting the subsidy removal and you'll see they don't know what they're talking about. This is how these fools were boldly supporting cashless policy because "it'll prevent politicians from buying votes" without realising the people who would suffer the most is the common man. These idiots are in support of subsidy removal without working refineries because "politicians won't see subsidy money to chop again" forgetting that the common man would see suffering like never before in this economy. I look everybody laugh. Instead of these idiots to punish the inadequate politicians that have been on seat without providing working refineries by voting them out and demanding action, they want the common man to bear the consequences of the politicians' inadequacies by shouting "remove subsidy" As a kid I used to think adults in this country had all the wisdom. As a grown up, I've realized that we're nothing but a country filled with fools with zero critical thinking skills. With brainless animals at the helm of affairs alongside their supporters, this country will always remain in a cycle of failure Stupid fûcktards 63 Likes 8 Shares |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by Rutherford2019: 10:48am On Jun 03, 2023 |
The truth is that there's no money to run the government except oil price is increased You can't remove subsidy without first of all removing the people who are into the oil sector lunch a probe and carry out vetting This Tinubu can never do because they are the people that put him there That's why Nigeria needs a different breed of which Peter Obi is the answer 12 Likes 3 Shares |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by Sunshine34(m): 10:48am On Jun 03, 2023 |
Kperogi with imaginary solutions. It is when you get there first hand that u will know writing is different from fact. SUBSIDY IS A CRIME. Kperogi thinks he's wise. Chioor 12 Likes 3 Shares |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by nairalanda1(m): 10:48am On Jun 03, 2023 |
It is like Kperoggi does not get why subsidy is evil. The problem with subsides is that here in Nigeria, we don't do what the US does and subsidise production. Instead we spend time subsidising things at the sale point. So, we sell fuel below what it costs to refine it, and what it costs to transport it. The result...distortions that lead to things like smugging, stealing, looting and corruption. But here is why subsidy is insidious.....the difference between the production cost and the subsidised cost keeps rising. That adds to the subsidy cost. Then the increase in number of consumers, that also adds on. Then how are we paying for the subsidy.? We pay for it from oil income...which in Nigeria has never been enough because the price is never high enough (that is why GEJ took loans even when oil prices were high...for those of you who love to crap on that). And oil prices have been low since 2014. Very low. So, we have to borrow to make up the difference...and a large chunk of the money goes to subsidy. And the more the cost of the subsidy rises...the greater the amount we spend from the budget...till we reach a point where we spend all our revenue on subsidy, borrow to add to money spent on subsidy, and then cover the deficit with more borrowing. And the more we do that, the worse it gets. Look, I am aware the poor will suffer when subsidy goes. God knows I know this and hate it, so for anyone quoting me to abuse and call me names, or ask silly questions, or call me government supporter....I know, and it uspets me a lot. But if we keep subsidy, as you will soon see, the poor would suffer even more. But if we keep the subsidy, we would have reached a point where there would have been no money for things like salaries, projects, etc. And if we were making fuel at home, we would start saving cost by skimping on refinery repair and maintenance....and that's how we lost our 4 refineries...and became net importers, and ended up being at the mercy of cabals....because we wanted cheap fuel. Anyone advoxcating for subsidy wants us to be as broke as Sri Lanka and Lebanon. So broke that the IMF is literally running things there. If you want the poor to be helped...remove subsidy. And yes, people would suffer, but when we get better refineries, improved production and more revenue, we would wake up. And yes, APC has failed. But the fact that we have a devious APC government in charge should not be an excuse to keep subsidy. 61 Likes 2 Shares |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by SugarGirl44(f): 10:48am On Jun 03, 2023 |
This one doesn’t get tired of writing rubbish. Mtcheew. 1 Like |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by datola: 10:48am On Jun 03, 2023 |
Hmm... Mr Kperogi. Nigeria cannot survive further subsidy payment. America is 1,000 richer than Nigeria and can afford to subsidize The issue of fixing refineries does not even profer any solution because it will still be sold at market price. And can those refineries ever work again after sinking billions every year in year out. If I were them FG I would sell off the refineries at any amount offered than be spending so much on it for decades without any positive results. 10 Likes 2 Shares |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by KingKO22: 10:48am On Jun 03, 2023 |
K |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by Melezenawii: 10:50am On Jun 03, 2023 |
Subsidy is gone for good 2 Likes 2 Shares |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by donbachi(m): 10:50am On Jun 03, 2023 |
Other countries are turning chickenshit to chickensalad. Nigeria is busy turning chickensalad to chickenshit. 2 Likes |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by Goodlady(f): 10:51am On Jun 03, 2023 |
Smhmm 1 Like |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by dyera(m): 10:51am On Jun 03, 2023 |
Let fuel subsidy stay removed, let reality dawn on Nigerians that their country is broke and can't afford to subsidize fuel for them. Now that fuel subsidy has been removed, business owners should start looking at how they can in turn increase the price of their goods and services. Salary earners should start negotiating with their company to increase their salary after the company should have increased the price of their product or service. And the federal and state government should also increase the salary of civil servants. Doing all of these would reduce the suffering of the citizens while fuel subsidy stay removed and the citizens will eventually benefit from it, as the money that would have been borrowed to subsidize fuel would be borrowed to do things that would benefit the masses. 2 Likes |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by Angelfrost(m): 10:52am On Jun 03, 2023 |
Bro... Who are you that they should read your piece?!! Subsidy removal should remain abeg!!! 3 Likes 1 Share |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by Tboymessiah(m): 10:52am On Jun 03, 2023 |
NasoLifeBe!!! |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by casualobserver: 10:52am On Jun 03, 2023 |
Nigeria spends $10b a yr on petrol subsidy, America spends $10b a year on petrol subsidy, are we mates? What kind of a fool is this man? Is America borrowing the $10b for subsidy? 7 Likes |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by RighChannel: 10:53am On Jun 03, 2023 |
Uurchinmanial and Agbadorians how market, shey you don dey buy petrol @N50/litre now that your drugie master don spend 5 days in office |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by Throwback: 10:53am On Jun 03, 2023 |
Even if Tinubu hadn’t been president, the two other alternatives to him said they would “remove subsidies” on “day one,” as Tinubu did. So, Atiku and Obi supporters lamenting Tinubu’s action are being two-faced. The plan by all the notable presidential candidates was to remove subsidy immediately. We are all suffering from the failures of our past leadership. We can refine locally and determine locally what price is suitable for our own economy, regardless of our neighbouring countries posing as a diversion nuisance due to their own higher prices that would remain attractive to criminal minds. Alas, the masses will suffer for a problem they did not create. 2 Likes |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by Wealthoptulent(m): 10:53am On Jun 03, 2023 |
Go rest 1 Like |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by WhatIf: 10:57am On Jun 03, 2023 |
Una don start.......!!! 1 Like |
Re: President Tinubu And The Dangers Of Fuel Subsidy Removal - Kperogi by MFORC(m): 10:59am On Jun 03, 2023 |
Very intelligent analysis 2 Likes |
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