See your your generational foolish.ness and illiteracy manifesting. You must be on colos

Johans2023:
not only live in taraba, your name is taraba. Fooool!!!!

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.

May Tinubu's subsidy removal favour you and your family.

We ain't serious in this country at all.. Since 1960 gained of her independence.. Same crap of shits...

A country cannot grow without the proper place of the manufacturing /industrial sector... FACT!

And those at the upper/lower chambers are just there sitting in gathering of crooks saying that they are representatives of the people.. JOKERS 😠

Perhaps, the country is not even meant for any improvement in the first place..

Very pathetic 😔

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.

They are burdened too . It is biting on them.

longetivity:
The selling of cars will favour me and my family.

wuked boy!

Yes o, the selling of cars go favor me and my family. Na we dey buy all those cars for the Jalingo car stands

tarboshi:
May Tinubu's subsidy removal favour you and your family.

may God bless you beyond measure , beyond your wildest dreams

Toks1979:



Hypocrite at the highest level. Same set of people that protested against the removal of fuel subsidy 2015 are the same set of clowns defending the removal now due to their fellow tribes man is in power. Tribalism is a big disease.

Didn't protest against the subsidy

GEJ, NOI AND SLS opened my eyes in 2012. January. Have been awake since then.

Bigchristo:
You speak as of Tinubu is the first to remove subsidy, GEJ removed subsidies the price never skyrocketed like this before the Nigeria whole started threatening to burn down the country, it was reversed back where are those who protested? Dem never die oo dem still day alive

Yes, and GEJ was right then. Those that protested were wrong.

ok

Johans2023:
this is the first country that sees their population as a liability instead of access.
UK don't even have oil but they make used of their human resources to grow their economy. Now you are telling us that we deserve to surfer because we have more than 200 million people while Egypt deserve to enjoy because they have less than 40 million people. How dumb is your narrative is what iam still thinking.
If our population is the problem why didn't him divide the country into 6 different countries.
Some of you are supporting tinubu just because he is a Yoruba man or a Muslim.

Well, UK funds all that using taxes...and yes, they have oil. (North sea). But their major income is taxes, sometimes at rates that a re half one's income.

Am use to trekking already before subsidy

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.

And do you know the damage removing it has caused too ?

Oga, without a cushion , it's a death knell.

As they removed subsidy, how much has been saved and what was it used for specifically?
Are Tinubu and co suffering with you? They just increased their own salaries and you are here saying subsidy did this and that.

How is that they removed funding for most institutions and still removed subsidy , so the FG shed all responsibilities and decided to increase their own salaries and car fleets. Senseless

Cancelation of middle class in earnest. At the end we might be left with the very rich and the very poor, who by themselves can no longer afford the basic necessities of life.

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.

Subsidy removal was not planned, it was abrupt and you know it. Maybe Atiku or Obi would have approached it differently.
Talk about having a functional govt- owned refinary,
ot having significantly improved power supply before subsidy removal.

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.

Stop importing refine fuel.Start refining l ocally.Na we get the crude oil.Nigeria is an OPEC country.Fuel is supposed to be cheap.

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.

We want a leader that will get the refineries working.

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?

bro the IMF is already running the country. Tinubu did not remove fuel subsidy because he's a genius, he did it cos IMF told him to do it in order to get more loans.

Johans2023:
this is the first country that sees their population as a liability instead of access.
UK don't even have oil but they make used of their human resources to grow their economy. Now you are telling us that we deserve to surfer because we have more than 200 million people while Egypt deserve to enjoy because they have less than 40 million people. How dumb is your narrative is what iam still thinking.
If our population is the problem why didn't him divide the country into 6 different countries.
Some of you are supporting tinubu just because he is a Yoruba man or a Muslim.

This is wrong. The United Kingdom is an oil and gas producing country though production has been steadily declining since the peaks of the 80's. But as a top 10 economy it consumes all that it extracts and requires North Sea oil from Scandinavia to meet the huge deficit.

If Nigeria could raise its levels of industrialization, grow its economy and prosper its citizens we will become a net importer of energy products just like Indonesia did and left OPEC as a result.

There is no pride in continuing to export primary resources. It smacks of under development. I was telling someone the other day to his surprise that the United States is the largest oil producer in the world yet it imports oil.

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.

This ur point no follow...

To refine or to import, which one costs more?

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.

But let’s be frank, what other benefit do we as individuals benefit directly from the government generally?
Is there free health care? No
Basic amenities? Steady electricity? Good roads? Security?
Unemployment rate is over 40% .
How are we going to afford the said fuel?
Don’t you think there is a problem?

What exactly do we benefit? The only visible and significant benefit we get from our government has been removed and people are applauding?

Na why I say civil servant no suppose dey save money for car (except if you get awoof money).

I can't imagine a hustler or entrepreneur selling his car in this period when the car is making money for him

dre11:


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

Quack journalism!
Very lengthy without an image or two to back the writeup

basilo102:

No nation can tax itself into prosperity. Production is what grows the economy, not taxation

It always amazes me
When I read some of the comments by people you quoted.
It is the same set of people who literally will refuse the idea of increase in production of goods and services

Reference:


This is wrong. The United Kingdom is an oil and gas producing country though production has been steadily declining since the peaks of the 80's. But as a top 10 economy it consumes all that it extracts and requires North Sea oil from Scandinavia to meet the huge deficit.

If Nigeria could raise its levels of industrialization, grow its economy and prosper its citizens we will become a net importer of energy products just like Indonesia did and left OPEC as a result.

There is no pride in continuing to export primary resources. It smacks of under development. I was telling someone the other day to his surprise that the United States is the largest oil producer in the world yet it imports oil.

it only a kid that will be surprised of that. Their reserve alone is enough for Nigeria to use for 10 years.

nairalanda1:


Well, UK funds all that using taxes...and yes, they have oil. (North sea). But their major income is taxes, sometimes at rates that a re half one's income.

their minimum wage is 960k while Nigeria minimum wage is 30k. UK will not tax you if your take home money is 30k.

nairalanda1:


Yes, and GEJ was right then. Those that protested were wrong.

They use empty promises to lure Nigerians into voting for APC that’s when we kill our already fastest growing economy, Buhari reversed it from top to bottom, now Tinubu wan cement am 😂🤣😂

longetivity:
The selling of cars will favour me and my family.

baba you forgot to add visuals

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

Obi too said he would end fuel subsidies.

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

Di you know all the economies you listed above are all in very bad shape or aren't doing well.

Any country that subsidies fuel isn't well run and such subsidies harm it. Subsidies of that sort encourage overconsumption and not production.

Such subsidies leave a big hole in the government purse which would have to be filled with government borrowing or the neglect of other sectors of the economy.