₦airaland Forum

nairalanda1:
So you want a leader that will bring back cheap fuel?

Cheap fuel has not benefited our economy. At all. It is why we don't have working refineries, why we even have inflation and deficits.

Fuel costs money to refine.

nairalanda1:
So you want a leader that will bring back cheap fuel?

Cheap fuel has not benefited our economy. At all. It is why we don't have working refineries, why we even have inflation and deficits.

Fuel costs money to refine.

basilo102:
Igbos will buy up all the cars. Continue voting nonesense

nairalanda1:
So you want a leader that will bring back cheap fuel?

Cheap fuel has not benefited our economy. At all. It is why we don't have working refineries, why we even have inflation and deficits.

Fuel costs money to refine.

shortgun:
Obi will put policies in place that will cushion the effects of subsidy removal before removing it.
What happens to making our refineries work first?

What Tinubu is doing is punishing the masses for the politicians to have more money to loot and embezzle.

Since subsidy was removed over a month ago how have Nigerians on the street benefited from the 600 billion saved so far?

Pwettylinda:
The level of Backwardness in the North, I feel Northerners at this stage of their lives should be using camels for transportation and movement

Pls sell off your cars and use camels you don't need cars in the first place when you are backward like in 1760s

shortgun:
They should be patient, Obi is coming to save the Country

shortgun:
Venezuela, Iran, Libya, Angola, Algeria, Egypt e.t.c
These are oil producing countries where fuel is very cheap and affordable to it's citizens.

What did these countries do?
What is stopping Tinubu from replicating same in Nigeria?

If subsidized petrol from Nigeria is diverted to neighbouring countries as they claim. Should the citizens suffer for the inability of Government to perform its function of safeguarding the border?

These are the issues a president like Peter Obi will address systematically, this is why he keeps mentioning countries with working economies.
Tinubu is a corrupt Nigerian politician, he doesn't have what it takes to be upright and implement the right policies

nairalanda1:
Policies like what? (Am serious, please, and don't tell me to google).

And if you say palliative....I will get angry. Upon all the mess APC palliatives have caused.



Refineries cannot work when there is a subsidy in place because subsidy means that fuel has to be sold below its cost of production. And because cost of production rises, subsides may not be enough to cover the difference...leading to depreciation of refineries

Anyway, NNPC is repairing its refineries now...they too love profits.





Whereas (and I do agree with you that Tinubu is corrupt...)...if he kept the subsidy....with debt serivice already consuming 75% of our revenue, and with us having to take loans to even keep heads above water, and with NNPC still being owed 2.8 trn in subsidy, plus subsidy costs set to be more than dobule what we spent last year...plus a growing budget deficit.....

Yes, we keep the subsidy, and in five years, we would be so broke that the IMF would be running the country. As would Beijing.



Has Nigeria become like the USA and UK after 40 years of subsidy?

Streetdoctor:
Nobody is disputing that, Obi, Atiku all said it, is a nice ideal but agbado did not even put measures in place before removing it. And from d speech, subsidy removal was not part of d speech.
Before u take such decision, u hv to do a thorough checks to know d effects, how d poor masses will survive.

VeeVeeMyLuv:
Wrong!

Now Repeat after me,

Say years of mismanagement and lack of accountability

For goodness Saudi, Dubai, UAE are also producers!

nairalanda1:
Obi that would have removed subsides if he was in charge.

(Not that he is wrong).

It is like you don't know the damage years of being reliant on just oyel money has done to this country, and years of keeping subsides and borrowing because of low oil prices. At the moment we don't have cash for another round of subsides.

If Obi or Tinubu or atiku brings back subsides, it would eventually tip our economy into damage. To the point that there would be no money even for looters self.

SpecialAdviser:
Some of "It will favour me and my family crew must have done the same and trekking 10km daily"

I noticed their initial gra gra is gradually reducing.

shortgun:
Obi will put policies in place that will cushion the effects of subsidy removal before removing it.
What happens to making our refineries work first?

What Tinubu is doing is punishing the masses for the politicians to have more money to loot and embezzle.

Since subsidy was removed over a month ago how have Nigerians on the street benefited from the 600 billion saved so far?

nairalanda1:
Venezuela has a massive debt burden, wrekced refineries, large deficits, loses as much as 18 billion to smuggling, and is broke
Iran is spending twice its revenue on subsides. Government wants to stop, people growl
Libya has a massive smuggling problem...to the point they are using airstrikes
Ditto Angola
Egypt removed subsides over the last ten years




Libya produces more oil than we do, and has less than 8 million people. Angola does not have up to 40 million people (and is still broke and poor by the way). Iran has a massive debt, Venezuela I have talked about.

Nigeria produces less than Libya and has 220 million people

Where is the money (and the fact that looting happens makes our matter worse) to subsidise.? A fresh loan.





All those countries you mentioned have massive petrol smuggling problems. Libya is even resorting to using airstrikes to try to stop them . And you expect Nigeria to do better? LOL.



Obi would remove subsidy and be done with it. And he would be absolutely right. LOOK...this goes beyond politics. We are too broke to keep up subsidy

PLus has subsidy made us a rich and developed country? No.

shortgun:
They should be patient, Obi is coming to save the Country

LARRYOBRAIN:
I live in Taraba, I don't believe it.

ronus and structures de la kone don't got problems with this....their wheelbarrow jeep doesn't use PM's

shortgun:
They should be patient, Obi is coming to save the Country

dre11:
https://leadership.ng/subsidy-removal-taraba-civil-servants-sell-off-cars/

Jorussia:
Tinubu govt has not taken any fresh loan.The loans you heard of last week or so,are from pmb govt.The man has not approached financial institution for fresh loans.

SpecialAdviser:
Some of "It will favour me and my family crew must have done the same and trekking 10km daily"

I noticed their initial gra gra is gradually reducing.

nairalanda1:
Obi that would have removed subsides if he was in charge.

(Not that he is wrong).

It is like you don't know the damage years of being reliant on just oyel money has done to this country, and years of keeping subsides and borrowing because of low oil prices. At the moment we don't have cash for another round of subsides.

If Obi or Tinubu or atiku brings back subsides, it would eventually tip our economy into damage. To the point that there would be no money even for looters self.

basilo102:
Igbos will buy up all the cars. Continue voting nonesense

Johans2023:
subsidy was even paid up till June ending but Tinubu wickedness will not allow him to wait for the remaining one month.

nairalanda1:
Obi that would have removed subsides if he was in charge.

(Not that he is wrong).

It is like you don't know the damage years of being reliant on just oyel money has done to this country, and years of keeping subsides and borrowing because of low oil prices. At the moment we don't have cash for another round of subsides.

If Obi or Tinubu or atiku brings back subsides, it would eventually tip our economy into damage. To the point that there would be no money even for looters self.