₦airaland Forum

Why is nobody speaking?

Sorrow tears and blood -Fela

People paid N30k who can't afford fuel could somehow afford cars?

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

The same Obi who also promised to remove subsidy during his political campaign or another Obi?

DanielsParker:
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?

You get subsidised education and subsidised healthcare basically at government institutions.

43Ronin:
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.

Well, we can't let them take away what remains of our independence.

nairalanda1:
You get subsidised education and subsidised healthcare basically at government institutions.

Ok o. Let’s enjoy our 530/ltr PMS

Macphenson:
We want a leader that will get the refineries working.

You start by making them profitable, and that means subsidy goes.

Aguogba:
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.

Nothing like planned subsidy removal.

GEJ removed subsidy, even had things like sure P. people still complained.

J3susFr3ak:
**I mistakenly replied an older post of yours earlier...nairalanda1

You remind me of that guy I used to argue with here a long while ago (he always makes the subsidy arguments you are also making here). This is not to say you do not have your points.

On the other hand there is no clear vision at the moment to build a more sustainable infrastructure for Green Energy sources and transport systems which will not only save money, but could also make money for people who can produce their own solar electricity and sell it back to the grid.

Obviously, we do not see the current Government making the effort to also invest in an Energy-source mix that tilts to cheaper Green energy sources. With so much abundant sunlight: Where are the Solar farms? Where are the wind energy harvesters? Where are the massive electric batteries to store these energies when it is dark and infuse that back into the grid for a profit for the owners? With Green Energy it is possible to build a lot more electric car charging stations than what the current system allows. Yes.

I say all the above to simply say this: The Government should remove tariffs or any impediments for electric car imports from China....and just like Norway--over time, you will see that most car buyers will shift towards buying and using electric vehicles ....

It is more of a strategic planning thing. Which greedy politicians here clearly lack.

Thanks for your reply

Funny you should mention green energy...I have an interest, but the problem is it is a bit expensive for now. Still, I have a dream where the Sahara has lots of solar farms...lol., it's nice to dream

But at the end, on subsidy, we had no choice. When most of your income is going for debt servicing, which money is there for subsidy?


And like I have said here, God knows, I wish it was not so. I wish I had a magic system whereby the poorest of the poor could buy fuel at N10 A LITER...I am not joking here. I effing wish. But it isn't possible

And all Nairalanders do here is abuse me, call me oppressor, not knowing how much I wish we could do something...but the fac tis , we don;t have the money.

I am angry with APC, I curse the day they came upon this country, I never voted for Buhari or Tinubu, but we don't have any choice. And God wishes it was not so. I wish with all my heart, with all my mind , it was not so. If I could give my heart and liver to get subsidy back without any debt, I would do so gladly.

nairalanda1:
Thanks for your reply

Funny you should mention green energy...I have an interest, but the problem is it is a bit expensive for now. Still, I have a dream where the Sahara has lots of solar farms...lol., it's nice to dream

But at the end, on subsidy, we had no choice. When most of your income is going for debt servicing, which money is there for subsidy?


And like I have said here, God knows, I wish it was not so. I wish I had a magic system whereby the poorest of the poor could buy fuel at N10 A LITER...I am not joking here. I effing wish. But it isn't possible

And all Nairalanders do here is abuse me, call me oppressor, not knowing how much I wish we could do something...but the fac tis , we don;t have the money.

I am angry with APC, I curse the day they came upon this country, I never voted for Buhari or Tinubu, but we don't have any choice. And God wishes it was not so. I wish with all my heart, with all my mind , it was not so. If I could give my heart and liver to get subsidy back without any debt, I would do so gladly.

Thanks for your candid reply...I see your root motivations and rationale about the subsidy removal comes from a good place. I think what most people are angry about here is the obvious lack of transparency from the Government about exactly how much is actually being or about being saved by these subsidies and where exactly are the saved funds going to. Buharis opaque dealings has made the NNPC even say things like they've had no subsidies since 2016 If the Government publishes the actual numbers saved weekly and allows the public decide which areas of the economy urgently need attention for funding...that will go a long way.

The point about Green Energy is really not about dreaming. Any serious can-do Government willing to make it an urgent Energy policy will surely make it happen. Tesla's largest Battery Farm in the world in Australia came about as a bet between Musk and an Australian billionaire on Twitter. The initial investment was less than a hundred million dollars but it has saved that Australian Province more than twice that. : https://www.dailymail.co.uk/sciencetech/article-8082841/Elon-Musks-Tesla-battery-farm-saved-South-Australia-116-MILLION.html

Nigeria's economy can afford a hundred million dollars to complement massive wind and solar farms. The real problem with Nigeria is simply the basic fact that if the government public sector opts to do this....the inherent corruption will multiply that cost by ten! There is a short sightedness in the way productive infrastructure investments is being done. On the other hand if there are private sector funds willing to venture into this efficiently, the Government doesn't go out of its way to help these green enterprises but would rather create unnecessary awful impediments.

Don't you think if Nigerians know that they can make money from installing solar panels on their roofs or yards in order to sell the excess electricity back to the grid through the Electric companies--they would have been massively importing solar panels from China by now? The laws and social environment have to make it possible and then everything else naturally follows. If there are obvious money making benefits backed by the right laws...the private sector might even take the lead with solar and wind farms...including electric cars.

In summary..,it comes down to the authorities' 'will' . Most developed economies are already allowing their citizens make money by selling electricity from green sources back to the grid. Except for corrupt South Africa,

nairalanda1:
You start by making them profitable, and that means subsidy goes.

Thats what they told u. Must we sell our own crude to refineries at international rates?

We can sell crude lower to our refineries and they will refine and profit selling at average rates.

Even other west African countries will be rushing to buy Fuel from Nigerian refineries.

Think my friend.

Macphenson:
Thats what they told u. Must we sell our own crude to refineries at international rates?

We can sell crude lower to our refineries and they will refine and profit selling at average rates.
.

Would you sell your product at average rates?

How would you pay workers well, pay for maintenance, and pay for all that stuff.

Remember, the people that drill for crude are competing internationally. If they start selling crude at average price, they lose money, and by extension cannot pay workers, maintenance, taxes, even community development, and so forth.

What you are asking amounts to you asking your local supermarket to sell milk at N100 per 500gm tin because people are poor and suffering.

At the end of the day, it is impossible to do so.

Fuel is expensive, man, very expensive. You want cheap fuel...then you pay for it in more taxes, or we take more loans, or we pray to the gods to give us crude at 150 dollars a barrel so that we can earn revenue for paying subsidies



Whatever you think of the above, things cost money. You start shortchanging crude producers, you end up with them refusing to produce, scarcity, and breakdowns, and workers leaving enmasse to abroad...because no money.

We did that for years, and we lost 4 good refineries as a result.

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.

How did we have working refineries under abacha?
So now that fuel is expensive we will have working refinery

You people have been brainwashed. I pity Nigeria

nairalanda1:
Would you sell your product at average rates?

How would you pay workers well, pay for maintenance, and pay for all that stuff.

Remember, the people that drill for crude are competing internationally. If they start selling crude at average price, they lose money, and by extension cannot pay workers, maintenance, taxes, even community development, and so forth.

What you are asking amounts to you asking your local supermarket to sell milk at N100 per 500gm tin because people are poor and suffering.

At the end of the day, it is impossible to do so.

Fuel is expensive, man, very expensive. You want cheap fuel...then you pay for it in more taxes, or we take more loans, or we pray to the gods to give us crude at 150 dollars a barrel so that we can earn revenue for paying subsidies



Whatever you think of the above, things cost money. You start shortchanging crude producers, you end up with them refusing to produce, scarcity, and breakdowns, and workers leaving enmasse to abroad...because no money.

We did that for years, and we lost 4 good refineries as a result.

You dont even understand how these things work.

Till date your government sells oil non opec sales at a discount of $14 less $4. Make your findings. That rate or even a slightly lesser rate should be given to Nigerian refineries. Definitely the price of the fuel will be reduced as they got the price of crude at a well discounted rates.

The refinery will also make good profit like wise the companies drilling the oil.

nairalanda1:
Measures on top of reduced revenue from debt servicing and poor oil revenue?

Nigeria has always been a broke country. We rely on oyel money for everything. At the moment it is impossible to keep on doing so.

And yes, I wish it was otherwise. I effing wish we could keep subsidy. But the alternative is a few years of self deceit before it all comes crashing down on us.

You are not the everyday Nigerian. You are a paid Tinubu boy, whose job is to defend him here.

Everything you write makes sense to you only. People are suffering, and I am sure you are suffering too, because your stipend can't fill up the tank of most sports cars in Nigeria at 500 per litre.

234GT:
You are not the everyday Nigerian. You are a paid Tinubu boy, whose job is to defend him here.

Everything you write makes sense to you only. People are suffering, and I am sure you are suffering too, because your stipend can't fill up the tank of most sports cars in Nigeria at 500 per litre.

Well, at the end of the day, whatever you think, if Obi removed subsidy, or atiku removed subsidy, it will still elicit support from me.

Also, I have supported subsidy removal since 2012, when tinubu was opposing it. So, unless I was schizoid, I can't be recieving any money from him.

Thing is, this goes beyond politics. And as I said, if I had any power, it would be to give poor people fuel at N10 a liter. And I am not joking. But even I know that is impossible.

Wishes cannot be horses sadly

Macphenson:
You dont even understand how these things work.

Till date your government sells oil non opec sales at a discount of $14 less $4. Make your findings. That rate or even a slightly lesser rate should be given to Nigerian refineries. Definitely the price of the fuel will be reduced as they got the price of crude at a well discounted rates.

The refinery will also make good profit like wise the companies drilling the oil.

Yes, and that is rather wrong for Nigeria if they are doing it.

Buhari did something similar in the 80's, and we suffered a lot for it.

Iamzik:
How did we have working refineries under abacha?
So now that fuel is expensive we will have working refinery

You people have been brainwashed. I pity Nigeria

We did, and it was also under his rule that they began the long road to depreciation.

(Back then, they were relatively 'new'. Kaduna had been finished in 1988, and had had a TAM in 1993.).

By 2011, they were all gone. bascially.

Subsidy does not cause instant damage. It is like cancer. Slow growing, but insidous.

nairalanda1:
Measures on top of reduced revenue from debt servicing and poor oil revenue?

Nigeria has always been a broke country. We rely on oyel money for everything. At the moment it is impossible to keep on doing so.

And yes, I wish it was otherwise. I effing wish we could keep subsidy. But the alternative is a few years of self deceit before it all comes crasching down on us.

Why una dey talk rubbish. How many percent of oil revenue is represented in our budgets. In the past 8 10 yrs..
Un go just wake dey cap trash to support nonsense

Robchuks77:
Why una dey talk rubbish. How many percent of oil revenue is represented in our budgets. In the past 8 10 yrs..
Un go just wake dey cap trash to support nonsense

Okay, run for office, and reinstate subsidy.

Start preparing, 2027 is round the corner.

nairalanda1:
Okay, run for office, and reinstate subsidy.

Start preparing, 2027 is round the corner.

Oga answer my question. And stop being crafty

The subsidy from kero and diesel.. Where u dey..
Tell me one thing a common man has ever benefitted from this government.. Pipu that protested against 60 naira petrol, can now buy for 550...wnd defend madness... Una welldone

Robchuks77:
Oga answer my question. And stop being crafty

The subsidy from kero and diesel.. Where u dey..
Tell me one thing a common man has ever benefitted from this government.. Pipu that protested against 60 naira petrol, can now buy for 550...wnd defend madness... Una welldone

Well, I don't answer people who start by calling my comment rubbish, because at the end, they aren't interested in the answer.

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.

As long as there are cash to loot, there is for subsidy. Outright corruption isn't more noble than subsidy with some corruption.

Neoteny7:
People paid N30k who can't afford fuel could somehow afford cars?

They may have collected loans or used a chunk of their life savings.

If they can’t afford to spend all their income on fuel, there’s nothing wrong In getting rid of their cars.
One shouldn’t hold on to liabilities just to keep up appearances.
Truthfully, one true test of a nation’s development is the ease, comfort and availability of public transportation.
Owning a car, in contrast to the common Nigerian notion, is not proof of wealth or well-being.
If there was a well-organized and readily available public transportation in the state capitals of Nigeria such as a metro system, I would have definitely sold off my car.
After owning different cars since 2008, I can say with confidence that owning and driving a car to work everyday is stressful.
Anyone who has been abroad and enjoyed the efficiency of their public transportation will understand what I’m trying to say.