Raph82:
At the same time, what brought down the price of gas from 800 to around 350? I still can't understand

In which state is the price of cooking gas sold at 350 per kg?? Dey reduce the lie small na comrade. 😂😂

JagabanBorgu:

U Will set up systems in ur one day in office?
I am sure u will prèteñd he didn't say that.
I watched an interview in one town hall meeting where Obi said, "I already know your problems and I am coming to solve it".
In another town hall meeting he said "I won't be a president who stays in Abuja, I will go around and know your problems".
Someone who said in a previous interview that he already knows our problems is saying in the next interview that he will know our problems.
The àssIicking u guys were giving him didn't make u realize the incoherence in his speeches abi?
I didn't vote Tinubu to fare better in a matter of 2 or 5 months, I read his manifesto, I followed his campaign, I voted him because he has the vision and capacity to make necessary changes, necessary changes always cause inconvenience, that's the knowledge most of u Iàck, u all believed a messiah is coming where every policy will give u joy, u need to wake up.

idi.ot. I know many of you like that. That was the same thing you guys said about Buhari 8 years ago.
If you check am now, he is feeding from hand to mouth, jumping BRT.

mrvitalis:
Subsidy has near zero effects on farming

That's my confusion... Plus price of diesel which is used by heavy duty vehicles that transport foodstuffs has even reduced... So, why the increase in price?

To transport a bag of local rice from Niger to Lagos is now #4,000 for truck... Which way na

Menclothing:
Diseal is used by this trucks and price has reduced

So why increase in price

Because the retailers take vehicles using petrol to go to the market and sell their wares, and also because the farmers are living in a society affected by the hike in petrol prices.

NinjaMetahuman:
true. But expect greedy Nigerians to take advantage of everything.

Good thing, there is something called trickle down effect.
You can't sell expensive and expect to buy cheap. Everybody must collect.

Before nko.

Raph82:
Confirm the current price from the nearest gas station. Dont let them cheat you please. Gas is now 350/kg in Akure.

Akure, alright then.

tdoggzy01:
We all focus on transportation fare as the only factor that determines the price of food items , have we also consider increment in fertilizer price , chemicals/herbicides, manpower charges ,etc all these prices will also increase due to increment on PMS price ......don't forget that fertilizer and chemical/herbicides manufacturers will also increase their workers salary ,so it all goes to the price of their products .

The Brighter side, these fear we push us to grow up finally and seek alternatives

i look forward to that

Saladdin:


This is mostly true for staple foods. Vegetable farmers mostly depend on petrol-powered vehicles to transport their products.

This however does not discountenance the fact that in Nigeria, everyone is looking for an excuse to rip others off.
Cost of fertilizer has stagnated, insecurity is falling to pre-2015 levels in the North. But we are not seeing a drop in prices of staple food, only a rise.

That is it ! but it is always convenient to blame the govt for everything but we forget as we point at the govt, four fingers is pointing right back at us. everybody want to live beyond there product/service commensurate income

Dybala11:

You want to tell us that you're not feeling the effects of the sudden subsidy removal??
Say na something good. 😂😂😂
There should have a been a plan on how to go about it, not just taking a decision like that on a whim. Sha get ready for the ripple effects as things unfold.

not all decisions will be comfortable, some must be taken as a matter of time, not trying to convince u, because I know u OBIDIENT are very dull, as if Peter Obi is an angel

Tsolutionifede:
not all decisions will be comfortable, some must be taken as a matter of time, not trying to convince u, because I know u OBIDIENT are very dull, as if Peter Obi is an angel

You're the dull one, what brings Peter Obi into our discussion or into what Nigerians are passing through right now cos of poor timing and lack of planning on the part of government??
Idiots like you full this space and are always ready to defend rubbish. I ask again, what plan does the government have in place to reduce the effect of the subsidy removal on the common man or you want to tell us that the government doesn't give a damn what average Nigerians are passing through?? God forbid this idiot. Say na Peter Obi na Angel, what does Peter Obi have to do with the subject of discussion??
Even if the president is Peter Obi and he does the same thing Tinubu did without any plan in place, this question will still by asked by several people.

We will import, Tinubu has opened borders

JagabanBorgu:

I have no doubt u supported Obi who said "I won't allow subsidy to spend another day when I assume office", u all clapped for him.
Do u think things would have been different if he removed subsidy?
Of course things would be different, ur comments and posts will be "córruption is fighting back", "APC is sponsoring all these unions", "all these people are hiking prices, they think this is APC and Buhari that don't know what they are doing" etc etc.
Ur comments and replies would have been the only things different.

Atiku would have removed subsidy but after palliative is ready.
You cannot just remove subsidy without doing anything.
As for now what will this country subsidize for us? Every country subsidize one thing or the other.

jahsharon:
The farmers are MAD. Borders have been opened. We will buy from Cotonou, Ghana, Togo

RENEWED SURFER!

nairalanda1:


Even then, it is a fact that if we kept subsidy, even the big fat cat politicians would have nowhere to steal from.Eventually

Nigerians should stop thinking everything has to be dirt cheap.

the only one to steal will be tinubu.
How will you remove subsidy without considering the people.

JagabanBorgu:

If it has been possible for u Obi followers to dèñy that Obi wouldn't have removed subsidy, u would have done that.
No "cushioning plan" will work in this Nigèria.
U know that, we all know that, but since agreeing with the decision is tough for most of u, u all resórt to cushioning plans.
Obi wouldn't have been able to provide any cushioning plan just like he didn't provide in Anambra when he hiked tuition fees of ANSU.
And Obi said clearly that "subsidy is an eviI I won't allow to spend another day when I assume office"

Is obi your president? So tinubu is taking advice from peter Obi abi?

Greattha:
Aptly put.

Very Intelligent submission from someone who obviously understands economics and how economies work.

For the second to last paragraph, I think it's not only the Hausa Fulani but the political class.

My opinion tho.

Hausa Fulani is not your president.
A Yoruba man is the president and he is the person that removed subsidy.
Obasanjo and GEJ rule for fourteen years, are they Hausa Fulani?
Your message would have been considered the best until you foolishly played the tribal line. Sorry this message is not for you

Evolutionlove:


The British And Royal Niger Company will never allow this to Happen.

Only the East and West combined can Champion this Course.

The British and The Northerners are the Sole Proprietors holding the Nation to Ransome. The West has no choice than to be doing Follow Follow.

Only the East and Niger Deltans really want out. If the West should solely join the Course. That's the End of Nigeria.

But for now, People are still enjoying the United Sufferings.

this is the foolishness that makes some northerners not to trust you.
Must you play the tribal card everyday?

The bread I used to buy for #500 is now #1200 and when I asked why, The answer was Tinubu has increased fuel price.
Some fools are still supporting this rubbish.

JagabanBorgu:

Obi said he won't allow subsidy to stay for "one day" if he assumes office.
U all clapped for him and started writing everywhere how billions is being lost to subsidy.
Lo and behold, he lost the election, another càndidàte did exactly same thing u all applauded Obi for and now he is èviI, he doesn't Iike the màssés etc.
Hypôcrîsy sinks a society.

did Obi also tell you that he will not release palliative starting from day one? Obi is not my candidate but I believe obi will not allow us to surfer like this.
Same thing to Atiku, he has very good plan to cushion the effect of subsidy which will implemented before removing subsidy.
People are dieing with hunger just because tinubu want more money for his drug business.
RENEWED SURFER!

cucumbar:
idi.ot. I know many of you like that. That was the same thing you guys said about Buhari 8 years ago.
If you check am now, he is feeding from hand to mouth, jumping BRT.

the idiot don't even have fuel to go to work tomorrow. Sorry the guy is just a church rat he doesn't have even a bicycle.

theredaddy:



That is it ! but it is always convenient to blame the govt for everything but we forget as we point at the govt, four fingers is pointing right back at us. everybody want to live beyond there product/service commensurate income

so we should come down to your level just because tinubu is the president?
RENEWED SURFER!

Apology accepted but you cannot critic with so many words and just say sorry.

You need to send your message to the intended recipient. This you haven't done.

The problem of Nigeria. Africa and indeed the black race is not from one tribe but from greed, subservience and the need to have the poor masses always trampled while the masses gather in front of their oppressors homes and offices to beg for food and change. This is seen in all states and tribes especially in Nigeria.

asanausana91:
Hausa Fulani is not your president.
A Yoruba man is the president and he is the person that removed subsidy.
Obasanjo and GEJ rule for fourteen years, are they Hausa Fulani?
Your message would have been considered the best until you foolishly played the tribal line. Sorry this message is not for you

A lot of what you said raises questions

Wodu89:
Unplanned Feul subsidy removal is like a worker quiting his job before.planning for how to keep up with family needs. E go suffer.



We keep telling them the practicality of the
unplanned removal of the Fuel subsidy is devastating (There was no plan to remove it so haphazardly. It was Tinubu's statement that "subsidy is gone" that spooked the oil marketers. When he said it was gone, he didn't mean immediately. It was just to show his resolve to remove it.

Oil marketers got scared and started increasing their prices. Some stations even closed. Meles Kyari capitalized on it and ended the subsidy)

Subsidy is the only way the nation gives back to the citizens without saying take free money and the only provision for the removal of the subsidy is still the subsidy itself. Many Nigerians won't rise above the hardship it would create for up to 5-10 years (The government was on to spend $10bn on petrol subsidy this year, more than what is spent on health care , education and the army altogether! How is that helpful?

The petrol subsidy puts pressure on the foreign reserves. Anything that puts pressure on the foreign reserves means it makes your currency depreciate in value. The fuel subsidy has been a major reason the Naira has been depreciating. A weaker Naira or much weaker hurts the poor the Nigerians yoiu care for the most)

The bigger enemy isn't subsidy , but lack of management and control of subsidy payments because of inflated invoices. This means the invoicing system, recording and payment structure is the problem in itself not the subsidy. The baby should not be thrown away with the bath water. Rather the bath water o ky needs to be made clean (King Solomon said "where there is no wood, the fires dies out".

The subsidy is the issue. It is wasteful. Even if N1 is expended on it, it should go. There are far better ways to help the poor. Its removal

A former US president said that "The existence of subsidies can not be divorced from abuse. Already, its removal has ended its smuggling across the borders. It has already reduced national demand.

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. ( Price increases or inflation due to the subsidy removal is benign unlike the type influenced by currency depreciation. Transport costs have risen since 2016, despite the fact that the subsidized price of fuel stayed the same.

When I moved to Akute, a bus ride from Berger to Akute in 2020 was 200. It increased to N300 about a year or 2 ago, this was despite there was no subsidy removal. I won't be surprised if it was N100 IN 2016. So prices did increase.

People only grumble when the increase is due to subsidy removal. In the next 5 years, even without the subsidy removal, the price would climb to at least N600. So, how does keeping the fuel subsidy benefit Nigerians in the short and long run?)

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. (You're supporting government borrowing for what is recurrent expenditure? That's why the government expends all revenues for debt servicing today. There's zero money now to continue the subsidy. [b]

If invoicing and lack of accountability is the issue with fuel subsidy, then why don't we grant licensing that pays subsidy payments based on metered importation allowance?[b] (This weren't the problem. Cost of providing it was. As of today, the price of a litre is 47 cents. Multiply that 461 and you'll find out it was cheaper to buy petrol than crude oil at the old price)

When would Nigeria let thinking people lead ? When ! (The president has in a stroke ended a subsidy that would have drained the empty treasure of $10bn this year alone. Even if it is $4bn, it is a waste. This is recurrent expenditure. The money government borrows crowds out the private sector. Banks prefer to lend money to government.

It also discourages investment in refining. Refining licenses have been given out since the late 1990s but banks aren't prepared to lend money when government subsidies the end product. The only reason Dangote and Bua could go ahead was probably because they had the huge profits from their cement factories as collateral.)

The same 2012 problem is repeating itself. Sensationalism. Assuming that the subsidy only implies people stealing,.forgetting or not even considering it's benefits. (2012 isn't repeating itself. GEJ gave no warning about any subsidy removal. He carried no one along.

In this case, the removal of the subsidy is in the PIB. Buhari was supposed to removal it early this year but was was too timid and shifted it to July 1st. Also, Tinubu and other presidential contestants all said they'd remove the subsidy, that it was no longer affordable and draining the government purse)


The average minimum wage of a worker can't mean anything in a post subsidized fuel economy.(Without the removal, transport prices would still have gone up nevertheless)

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 (I see no disaster)

In the end, the bigger enemy is the Hausa Fulani hegemony who setup cabals in all state instructions to run them down so private ones are setup to mop up the national treasury. Nigerian refineries and Dangote is typical (Had I focused on this, I wouldn't have replied this article. This is petty tribalism and bigotry. I am full blooded Yoruba)


If Hausa and Fulani allowed our refineries worked like NLNG, we wouldn't be talking subsidy removal or Dangote (The wasteful fuel subsidy and corrupt and incompetent fellows are at fault and not a mysterious or phantom tribe)


The focus must be maintained. For Nigeria to work, Hausa Fulani hegemony has to die

jahsharon:
The farmers are MAD. Borders have been opened. We will buy from Cotonou, Ghana, Togo

How true is this ?

asanausana91:
did Obi also tell you that he will not release palliative starting from day one? Obi is not my candidate but I believe obi will not allow us to surfer like this.
Same thing to Atiku, he has very good plan to cushion the effect of subsidy which will implemented before removing subsidy.
People are dieing with hunger just because tinubu want more money for his drug business.
RENEWED SURFER!

Atiku will not allow people to sûffér but he oversaw the sale ALSCON to some Russians for 10% the price spent on it's construction, do u know ALSCON was run to the ground and the community gaining from ALSCON suffered?
What about the sale of NEPA?
What about diverting water board pipes serving the people of Adamawa to serve his Faro water?
Same person who can deprive people to serve his personal interest will cushion the effects of subsidy?
Obi hiked tuition fees in Anambra by almost 100% if not more than.
Last time I remember, students staged a large protest, Obi said "education is not for the póór".
How comes he couldn't cushion the effects of hiking tuition fees?
These two men allowed people to sûffér, somehow u want to make urself believe they wón't allow Nîgeriàns to suffer.
Ur day one in office and all of a sudden u have chains of methods to release palliatives to the masses?

asanausana91:
Is obi your president? So tinubu is taking advice from peter Obi abi?

If Tinubu took advice from PitObi, he wouldn't have won the election.

asanausana91:
Atiku would have removed subsidy but after palliative is ready.
You cannot just remove subsidy without doing anything.
As for now what will this country subsidize for us? Every country subsidize one thing or the other.

The country needs economic growth not subsidy.
If I tell u to make a comprehensive list of what countries like China, Singapore, Japan, Russia, UK, France, Spain, Portugal, Germany etc subsidize now, u will start scrambling all over google looking for something to hold onto and u will not see anyone.
Even if there are no options for presidency, we Nîgeriàns will ÑÈVÈR vote Atiku.

cucumbar:
idi.ot. I know many of you like that. That was the same thing you guys said about Buhari 8 years ago.
If you check am now, he is feeding from hand to mouth, jumping BRT.

Can u àffórd a BRT?
Can u àffórd feeding from hands to móûth?
Food matters so mûch to u lgb0s, I have been to SE severally and I see how u guys treat each other because of food.
Where I come from, we have abundance of food that we doñ't feel superior to one another because of food.
If truth hûrts u, sorry for ur sórry Iifè.

Dybala11:

Don't mind the dude jor. The only misgiving I have concerning the subsidy removal is that since we know how our Nigerian societies work, has the federal government put any policy in place to mitigate the effects of subsidy removal on average Nigerians?? So far it seems as if there's nothing at all, the goal is to remove the subsidy with no provision to directly create a way to ease the impacts on the common man. We shall see as things unfold sha.

That's it, with the removal of subsidy, resources should be channelled to the necessary growth areas and we will be ok.
Policies and movements should be made to drive down the prices of oil, that's what we are looking forward to.

EnterpriseMan:

The marketers

I honestly don't know how u guys just confidently choose to remain gullible and ignorant and allow the government feed u with lies. If the marketers fix price of fuel, what is this news about?

theredaddy:

That is it ! but it is always convenient to blame the govt for everything but we forget as we point at the govt, four fingers is pointing right back at us. everybody want to live beyond there product/service commensurate income

What is the job and purpose of government?

Why does government exist?