nairalanda1:
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.

Kukutenla:

How will the poor suffer more if we keep subsidy
How many poor are collecting salaries or projects from government
How did subsidy make us skip on repair of refineries?
And what exactly do you mean by we would wake up?
This sounds like empty propaganda

christejames:
Subsidy ronu!


I hope Urch1ns are paying 87 naira per litre?

richidinho:


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

casualobserver:
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?

pandoragirigory:
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

J.M Keynes, “the nastiest motives of the nastiest men somehow or other work for the best results in the best of all possible worlds.”

pandoragirigory:
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

Rutherford2019:
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

richidinho:


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

Dougad:
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

Burruchaga71:
Revolution LOADING

AbuSaad39:


Make your findings first before you start ushering your submissions. Mind you, I’m in the umbrella of subsidy removal.