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Nairaland Forum / Nairaland / General / Politics / Subsidy Removal Drags Down Petrol Consumption By 28% (37796 Views)
Salako: Reducing Petrol Consumption, Vehicles On Roads Achievement By Tinubu / NNPC: Subsidy Removal To Reduce Petrol Consumption By 30% / Weak Export Drags Down Nigeria’s Trade Balance By 86% (2) (3) (4)
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Re: Subsidy Removal Drags Down Petrol Consumption By 28% by busomma: 12:59am On Jul 08, 2023 |
Fowl nyash don dey open small small 😁😁😁. We've been lied to for so many years by those stealing our commonwealth that daily petrol consumption in is 100 million liters. It has been revised downward to 66.8 millions since the subsidy took effect. Who has been drinking almost 35 million liters daily all these years? I sorry for this country. Otedola & Co don dey smile to bank all these yrs. 3 Likes |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Sammy4Joy: 12:59am On Jul 08, 2023 |
You sir, are a very highly intelligent fellow. I doff my hat to you! Shikena: 3 Likes
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Re: Subsidy Removal Drags Down Petrol Consumption By 28% by grandstar(m): 12:59am On Jul 08, 2023 |
stagger: He who wears the shoe knows where it pinches. Miles Kyari isn't screaming the house down for the subsidy to go as it was insane. Did you know that it was cheaper to buy petrol than you buy crude oil? That was how damned cheap it worse. One does not need to know the exact volume to know how much the government saved or made now that its gone. Government can calculate what came into it after the subsidy was removed. You are pro-subsidy, hence emotions dominate and not rationality. Even if it did not cost a dime to provide the subsidy, it should still go. The biggest damage it did was that it prevents private investment into refining. No bank will lend you $2b to build a 100,000bpd refinery where government fixes the price.None! The only reason why Dangote and Bua were able to construct refineries was that they could leverage their immensely profitable and enormous cement business as collateral to secure loans. Had the subsidies been removed since the 1990s,by now the country would be refining at least 2mbpd of crude oil. It would also have massive fertilizer and petrochemical industries. Power generation would probably hover around 50,000 Mw. Nigeria would be the defacto energy hub of Africa. 9 Likes 1 Share |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Onyiiobi7735(m): 1:09am On Jul 08, 2023 |
BAT has done what others that came before him couldn't do, and it is just a matter of time before we see the benefits of the fuel subsidy removal. At least the funds saved can be used for other purposes in driving Nigeria's socioeconomic development. 1 Like |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by InvertedHammer: 1:12am On Jul 08, 2023 |
/ Participatory Democracy is the worst form of government. If idiots outnumber intelligent people, the country will remain stagnant forever. That's exactly what's happening in Nigeria. \ 4 Likes |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by bonnyhope: 1:16am On Jul 08, 2023 |
Onyiiobi7735: Don't say others couldn't do Jonathan came in 2011 and by 2012 he already saw the need to remove subsidy. Tinubu himself mobilised people and kicked against govt policy then. Now you are singing praises for him 7 Likes 1 Share |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by nigerianart: 1:22am On Jul 08, 2023 |
If there is no money, what can one do? The last time I was this poor was more than 10 years ago (despite earning 10x what I was earning then). 1 Like |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Danchibez: 1:27am On Jul 08, 2023 |
Many mechanics workshops are empty now, low patronage, people's cars are parked at home. Hunger at everywhere home 1 Like 1 Share |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by nigerianart: 1:30am On Jul 08, 2023 |
drinkgarri: They are enjoying it. Few sales, fewer staff but maximum profit. When motocycle is putting 2500 fuel in their tank. 8 years ago, 800 would full tank. Bought 2k fuel in a small gallon and it didn't fill to the top (there was still gap/space). Filling station are making their millions. 2 Likes |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Okoroawusa: 1:42am On Jul 08, 2023 |
I Love Bola Ahmed Tinubu |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Raskimonojendor: 2:08am On Jul 08, 2023 |
Diggys:As it should be. Alot of people like to use foreign countries like UK, USA, Canada, Australia e.t.c as how countries should be run. Well, public transport is cheaper in those countries. We are a wasteful nation. Nigerians will get creative with car sharing, car pooling, using public transport and cancelling non-essential travel and those weekly owambes. 2 Likes 1 Share |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Tzar(m): 2:38am On Jul 08, 2023 |
The people in NNPC, especially the MD should be jailed for scamming Nigerians so much with subsidy payments. 2 Likes 1 Share |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by justmi1: 2:50am On Jul 08, 2023 |
thisisit:so the amount of fuel being smuggled to neighbouring countries is a joke to you. Or the fact that people now drive only when necessary. |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Tijani009: 3:01am On Jul 08, 2023 |
The rate of petty crimes have increàsed abeg the money from fuel subsidy make dem take small for human capitàl development |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by awoluyi(m): 3:46am On Jul 08, 2023 |
Is it true that the price of petrol will soon be increased to N7,000 per litre? Let it be N1,000,000 per litre, Nigerians are to buy. I swear! 1 Like 2 Shares |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by loswhite(m): 3:50am On Jul 08, 2023 |
STRI1:Do you still run your Gen the way you do? 2 Likes |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Fapemz: 3:55am On Jul 08, 2023 |
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Re: Subsidy Removal Drags Down Petrol Consumption By 28% by loswhite(m): 3:57am On Jul 08, 2023 |
DMCY:What about the NNPCL padded subsidy? You guys always think the problem is neighboring countries 1 Like 1 Share |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Unperturbedpota: 3:59am On Jul 08, 2023 |
post=124281915: Lovely comments ,seems you are stooong to use drugs and think like a human being. Well done |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by sunnnnyuu(m): 4:13am On Jul 08, 2023 |
Islie:Is this figure true/accurate? Because some people reduced the fuel consumption by half some quiet using fuel completely and smugglers stop smuggling to neighboring countries and it's only 28% ? I don't agree with this figure, let them check the data very well before they released it. 1 Like 1 Share |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by seguno2: 4:15am On Jul 08, 2023 |
ppogba: You dey mind these fraudulent 419 scammers who are in government, labouring in vain to sell their fake news? Was that not how they were doing in 2016 for the same same subsidy? Are we wiser now Osinbajo: We’ve saved N1.4trn by not paying fuel subsidy Subsidy removal: Tinubu backs Buhari, Falana condemns price hike 1 Like 1 Share |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by onuman: 4:18am On Jul 08, 2023 |
God1000: Every new day, Nigeria loses wellbeing for citizens. The rate got multiplied and worse since 2015. 1 Like 2 Shares |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by seguno2: 4:20am On Jul 08, 2023 |
sunnnnyuu: I thought that they said that they didn’t have any data on fuel consumption The volume of fuel consumed in Nigeria is unknown – NNPC |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by VIKTO83(m): 4:22am On Jul 08, 2023 |
That's a good one. I suggest people buy more bicycles. This will in turn force down price of petrol too. We are getting it right gradually. |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by seguno2: 4:23am On Jul 08, 2023 |
Tijani009: What is inside this your human capital development |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Bobloco: 4:24am On Jul 08, 2023 |
thisisit: Currently, over 180 million Nigerians have slided into multi dimensional poverty 2 Likes 1 Share |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by seguno2: 4:25am On Jul 08, 2023 |
VIKTO83: So how many bicycles have you bought since Tinubu began his Emilokan petrol price in May? Did you buy just for yourself? Or you bought also for your family and friends |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by Pj12345: 4:27am On Jul 08, 2023 |
NO REASONABLE/SUCCESSFUL POLITICIAN/GOVERNMENT WOULD IMPLEMENT A POLICY WITHOUT CREATING MOTHERLITY FOR HIS OR HER LARGE SUBJECTS. IT IS ONLY A GREEDY, SELFCENTERED and FAILD POLITICIAN/GOVERNMENT DAT WILL IMPLEMENT A UNILATERAL POLICY WITHOUT CONSIDERING D WELLBEING OF D MASSES(HIS OR HER SUBJECTS) NOR CREATE MOTHERLITY FOR PILEATIVE MEASURES. JUST LIKE D REMOVAL OF FUEL SUBSIDY BY DIS PRESENT ADMINISTRATION, AS MEANS OF INCREASING & TIGHTENING D POVERTY/HARDSHIP BELT OF D HELPLESS MASSES IN NIGERIA. INCASE THEY DON'T KNOW, D PERCENTAGE OF FUEL CONSUMPTION HERE IN NIGERIA HASN'T DROPPED YET, THEY SHOULD EXPECT A DRASTIC DROP IN D NEXT 60 TO 70 DAYS IN DIS SAME 2023 U CAN IMAGINE I ASKED MY 5 YEARS OLD NEPHEW WHAT IS HIS BENEFITS AS A NIGERIAN CITIZEN? HE REPLIED: HARDSHIP and OPPRESSION........ 1 Like |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by seguno2: 4:27am On Jul 08, 2023 |
Zupay: Extreme poverty can reformat the brain, even the brain that has refused to change from years of grilling dead vultures. |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by DMCY: 4:29am On Jul 08, 2023 |
loswhite: I’ll like to ask you just a question; Are the neighboring countries not part of the problem? |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by seguno2: 4:30am On Jul 08, 2023 |
nigerianart: While Nigerians are trekking in their millions, because of Emilokan Tinubu’s cluelessness 1 Like 1 Share |
Re: Subsidy Removal Drags Down Petrol Consumption By 28% by seguno2: 4:33am On Jul 08, 2023 |
DMCY: The neighbouring countries are the ONLY problem, since our borders were closed for the failure of strongman, retired General Buhari to secure the borders. Now that the neighbouring countries are wailing, we are hailing and enjoying our trekking with bicycles. Tinubu and APC are super bright people. 1 Like 1 Share |
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