₦airaland Forum

Kukutente23:
Pls pls and pls. We need to educate Nigerians. There was no 1.95trn revenue. It was just cheap propaganda planted by APC through the cable. No other media house took the story.
The AGF only declared 1.15 trillion as gross revenue not any 1.95trn.

https://www.nairaland.com/7772728/fg-states-lgas-share-n907.054bn#124570100.

I have re-posted this at least once today after you called my attn to it. Bless you!

Originalsly:
In 2012 ... did the FG get rid of the subsidy? Price increase is not the same as subsidy removal. Tinubu has removed the subsidy. What he said back then doesn't matter now. Are you suggesting he should stick to what he said 10 years ago? I have no clue what you claim he said back then or why he said what he said. What I know is the circumstances are not the same.
Am I to understand you are claiming removing fuel subsidy is a bad idea because of the price increase to customers?
The strength of the economy depends on several factors. Our main one is oil exports.... we depend heavily on that. Our refineries are pretty much down ... our exports are down... foreign exchange income is less.... instead of producing our own petroleum products we are importing. To maintain an affordable price at the pump.... subsidy is in place. To pay for the subsidy.... money that could've been used for education ... infrastructure development and maintenance ... health services.... etc. Is now diverted to paying for subsidy. When there is no more available we turned to borrowing How on earth can this be good for the economy?

I don't know how old you are but the FG removed subsidy 1st Jan 2012. Total, complete removal. What he said then matters a lot now because anyone with integrity should ensure he means what he says and he says what he means. Integrity is one of the virtues required in leadership. And can you explain what you mean by circumstances are not the same.

But that's not my main point.

You have listed the reason why subsidy is not good for the economy as:
i) our refineries are down
ii) Our exports are down( whatever that means)
iii) Foreign exchange income is less(are you sure?)
iv) We import our fuel
v) Money meant for running govt expenditure is diverted to subsidy.
All these situation you listed above are not caused by the ordinary citizens but by the elites in govt and have existed since 2012 when and Tinubu opposed subsidy removal. The people who have been bearing the brunt of the absence of all you listed above are the ordinary citizens not the elites. The only thing going for the citizens is the relatively cheaper cost of living before now.

As i already showed you, the average Nigerian has gone from earning $109 in 2012 to just $37 in 2023. He is poorer, and yet, you still want to add more to his misery by removing subsidy and jacking up fuel prices, something we said was not good in 2012 when he earned far higher. How is that justifiable?

What is emerging is a lot of you seem to think the citizens should bear the burden of govt and not govt bearing their burden. I think this idea only exists in Nigeria. In the US, when fuel prices rose last year, the US govt subsidised the price, even up to giving residents free money to cushion the price. They didn't just sit and say subsidy is bad.

Government exists for the welfare and well- being of the citizens and not the other way round as we're having it now in Nigeria. The average gov today still goes about with 20 convoys or more regardless of fuel price. Who is footing the bill? Is it not same govt you claim can't pay subsidy for its citizens that's subsidising the govs and other govt officials?

Lastly, let me ask you a philosophical question. What is the sign of a strong economy? Is it one that puts food on the table of the people or one that takes food off their table. Any economic policy that subjects the generality of people to untold suffering and mass social degradation as we have it now can't be good. Economic policies should bring prosperity not poverty.

Ikaeniyan0:
Its too early to come to this conclusion.

Oga, what else do you think that will do the magic? Tinubu is done with all he knew. When he was dodging public debates you should have known that he knew nothing

TheBillyonaire:
You are talking nonsense. Tinubu simply stopped the corrupt subsidies and exposed the true state of your Ethno-Religious Political Economy. No one guarantees a lazy man food.

If you find yourself being poorer then you were not prepared for life. Cost of living will continue rising and the infrastructures will improve, and those who can not survive will finally have opportunity to go to Paradise you love so much. I will advise that you get a skill or money making system.

It takes at least 12 years to effect systemic change for fully focused systems. In the case of Nigeria, you need magic not miracle.

How I wish I knew you personally I would have helped wake you up from your dream. May be you are still seeing garri on your table now that's why you are sounding like like this. Let your ego never prevent you from crying out when the chips are down.

Treadway:
I have re-posted this at least once today after you called my attn to it. Bless you!

Thanks a lot. I still wonder if there's any reason Seun and his mods refused to push FAAC meeting to fp this time around

SalamRushdie:
Will you shut up old clown before I expose you

I have reasons to believe that moniker belongs to the hungry Reno Omokri

TheBillyonaire:
You are talking nonsense. Tinubu simply stopped the corrupt subsidies and exposed the true state of your Ethno-Religious Political Economy. No one guarantees a lazy man food.

If you find yourself being poorer then you were not prepared for life. Cost of living will continue rising and the infrastructures will improve, and those who can not survive will finally have opportunity to go to Paradise you love so much. I will advise that you get a skill or money making system.

It takes at least 12 years to effect systemic change for fully focused systems. In the case of Nigeria, you need magic not miracle.

Keep quiet..

It's obvious your brain is made of shit..

It takes 12 years to to effect systemic change for fully focused systems, but it takes less than 24 hours to effect hardship and suffering, etc.


Dumb human.

fx45:
I have reasons to believe that moniker belongs to the hungry Reno Omokri

👌

TheBillyonaire:
You are talking nonsense. Tinubu simply stopped the corrupt subsidies and exposed the true state of your Ethno-Religious Political Economy. No one guarantees a lazy man food.

If you find yourself being poorer then you were not prepared for life. Cost of living will continue rising and the infrastructures will improve, and those who can not survive will finally have opportunity to go to Paradise you love so much. I will advise that you get a skill or money making system.

It takes at least 12 years to effect systemic change for fully focused systems. In the case of Nigeria, you need magic not miracle.

By d time dat 8k where dem pay u finish sence go locate u

TheBillyonaire:
I am a Jonathan fan, but he failed to build SS when he had a chance. Buhari is a tribalist, never supported that mor0n. As for Tinubu, he is involved in crazy enterprise and I camapigned for Obi, and still support Obi, but Tinubu is implementing exactly what Obi would have executed.

And I love where the country is going. The criminals will complain more. The lazy will complain. The religious will go to paradise of choice and hardworking people will thrive.

I can not hate the President, I can criticise. I am an Obidient Jagabandit.

Truth is that if you know Tinubu, he is originally a socialist. He began leaning towards capitalism later on in Lagos and all these capitalist policies are not things he favours that much but probably sees as necessary like he did eventually in Lagos to some extent.

Left to Tinubu, his major ideology is bottom up approach (almost like Buhari and APC in general). For him, it's massive recruitment for the farm and security to grow staple foods and directly employ the poor to grow Maize, Corn, Cassava, Rice, etc.. as well as massive school feeding program. Huge Government spending on infrastructures and spending your way out of poverty. Huge Government involvement basically.

These capitalist policies (much like he adopted in Lagos) are just stuffs he sees as important for clean ups in the meantime. Hopefully he implements them properly.

sunray:
There can't be gains without pains.

What pain is he Tinubu and the Law makers passing through that they have to allocate 70 Billion to few people?

Why is the pain only subjected to Normal citizens?

SenatePresdo:
Also, is it not too Early to suffer Nigerians like this?

If Tinubu wanted to be populist and to please the people given he got only 37% votes, he would not have started with these decisions but I think he started with them because he is convinced about them.

Kukutente23:
No 1trn was saved. That was APC media propaganda but you're quick to swallow it because you want to defend failure

1 trillion naira was saved because NLNG paid their annual royalties which they normally pay around this time of the year. Next month, the FAAC may not be as high.

You're one of the cowards that called for the head of GEJ then but defending a situation thats ten times worse. People of primordial sentiments

TheBillyonaire:
I am worst than you can even imagine. I am a very Obidient Jagabandit. I want to repeat again, the inflationery trend is global and is a function of the Universe itself. Energy cost is skyrocketing as a function of the universal expansivity.

If you find yourself gettting poor, skill up and be prepared for what is to come next. Tinubu is not the cause of the problems, not even Obi can solve these issues without this teething phase.

If you are poorer now and can not afford your lifestyle, you better move back to the farms and live in nature, because AI powered Robots are coming and if you can not survive, you will finally have an opportunity to proceed to your corner of paradise.

This is not a curse, it is not a prophesy, it is not a prediction, it is the way things will be. Again, stop blaming every President in power, they are doing their best.

Go and find a way to survive or run abroad and become a slave for hard money.

TheBillyonaire:
Your gender indicates that you are female. And I do not insult women. Not because women are not important, but because most women are emotional so I can feel your pain. Especially when you do not have intelligent men around you to help you with urgent 2k.

You just spoiled a good argument with this post. I guess you could not help yourself being an insecure guy.

Are you with your ashawo customer yet? Serious boys are taking over.

Anu mpam!

SalamRushdie:
In his rush to dish out poorly thought out hard policies President Tinubu seems to have lost control of the economy, with the Naira hitting 1 thousand some time next week I dont see how he can salvage the economy..His first 50 days is 50 times worse than Buharis first 50 days

Wailer!

Did you not support Tinubu while hiding under the shadows of supporting Atiku?

Wailer!

frankyychiji:
You just spoiled a good argument with this post. I guess you could not help yourself being an insecure guy.

Are you with your ashawo customer yet? Serious boys are taking over.

Anu mpam!

You are smarter than the cockroach in my cupboard. I agree that I am insecure, that's why I move around with police protection.

GeneralDae:
1 trillion naira was saved because NLNG paid their annual royalties which they normally pay around this time of the year. Next month, the FAAC may not be as high.

Oga. FAAC declared 1.15trn. No newspaper declared 1.95trn except the cable and the Whistler. So Where's the 1trn? Do you have any link if FAAC declaring 1trn saved?

Kukutente23:
Oga. FAAC declared 1.15trn. No newspaper declared 1.95trn except the cable and the Whistler. So Where's the 1trn? Do you have any link if FAAC declaring 1trn saved?

News stations declare what was shared not what was realized. 1.95 trillion was realized but about 1 trillion naira was from NLNG.

According to sit at home slaves in economically depressed and unproductive ipob enclaves where people don't go to work on Mondays.

You might want to focus on your dressed sit at home village economy.

TheBillyonaire:
You are smarter than the cockroach in my cupboard. I agree that I am insecure, that's why I move around with police protection.

Ekwe

Osinawata buru oganranya

Imagine in a dying economy no CBN Governor, no minister of finance just operating a Balablu economy..

Ikaeniyan0:
Its too early to come to this conclusion.

How long do you need?
When the foundation rotten you don't need to finish the building before you realize that will collapse

Originalsly:
Only shallow people attack the messenger when they can't counter the message. I am not a Tinubu fan ... loyal to no Party. Fuel subsidy is a big drain on the economy... how long can the FG support fuel subsidy by borrowing?... or using up money that can be used for infrastructure? We would not be this indebted for and in such a financial crisis if any of the previous Presidents had the balls to cut fuel subsidy. From what I observed.... no doubt Obi had this in his plans... but he doesn't have the balls nor the backings to confront the cabal. Tinubu has both ... and the cabals know this ... they do not want to clash with Tinubu. We are now facing the real world ... it is for us to now come to grip with reality and figure out ways to adapt and move forward. Charity is no more .... we're dashed lemons .... what we do with the lemons is our choice .

you day America day support rubbish. I no blame you sha.

Kukutente23:
I don't know how old you are but the FG removed subsidy 1st Jan 2012. Total, complete removal. What he said then matters a lot now because anyone with integrity should ensure he means what he says and he says what he means. Integrity is one of the virtues required in leadership. And can you explain what you mean by circumstances are not the same.

But that's not my main point.

You have listed the reason why subsidy is not good for the economy as:
i) our refineries are down
ii) Our exports are down( whatever that means)
iii) Foreign exchange income is less(are you sure?)
iv) We import our fuel
v) Money meant for running govt expenditure is diverted to subsidy.
All these situation you listed above are not caused by the ordinary citizens but by the elites in govt and have existed since 2012 when and Tinubu opposed subsidy removal. The people who have been bearing the brunt of the absence of all you listed above are the ordinary citizens not the elites. The only thing going for the citizens is the relatively cheaper cost of living before now.

As i already showed you, the average Nigerian has gone from earning $109 in 2012 to just $37 in 2023. He is poorer, and yet, you still want to add more to his misery by removing subsidy and jacking up fuel prices, something we said was not good in 2012 when he earned far higher. How is that justifiable?

What is emerging is a lot of you seem to think the citizens should bear the burden of govt and not govt bearing their burden. I think this idea only exists in Nigeria. In the US, when fuel prices rose last year, the US govt subsidised the price, even up to giving residents free money to cushion the price. They didn't just sit and say subsidy is bad.

Government exists for the welfare and well- being of the citizens and not the other way round as we're having it now in Nigeria. The average gov today still goes about with 20 convoys or more regardless of fuel price. Who is footing the bill? Is it not same govt you claim can't pay subsidy for its citizens that's subsidising the govs and other govt officials?

Lastly, let me ask you a philosophical question. What is the sign of a strong economy? Is it one that puts food on the table of the people or one that takes food off their table. Any economic policy that subjects the generality of people to untold suffering and mass social degradation as we have it now can't be good. Economic policies should bring prosperity not poverty.

I don't know why he opposed subsidy in 2012 .... if he did I can only speculate. Circumstances are not the same in 2023 as they were in 2012. In 2012 our major source of income to maintain and boost the economy was oil .... which was at the time and yearsss before well over $100 per barrel. We also had a reasonable foreign reserve. I guess he didn't want it removed because he thought the FG could've afforded it at the time.
In 2015 price for oil dropped to below $30 per barrel. There was a huge drop in income and the borrowing frenzy began. By 2023 the cir umstances are not the same as they were in 2012. We have huge debts that have to be serviced ... the Naira has been depreciating... the price of oil is way below 2012 price ... how are we to manage the little we have left to run the country? Fuel subsidy is a big eater... like a pest eating away at the crop. Should we allow the pest to continue?... or should we get rid lf it but with some collateral damage? What will happen if we don't? That's the different circumstances we have been faced with and Tinubu has done the needful. Pretty soon the $37 earnings may dip just a little more and bottom out before it begin to rise. If this step was not taken the Naira would've continued to depreciate and earnings continue to have less buying power. At this point we're going through the fire.... hopefully we get to the other side as iron.

The US releases oil from its strategic reserve when there is a shortage of oil that cause a spike in the price of fuel. It did that last year.... and also start looking into price gouging. I know nothing about giving free money for fuel.

To your philosophical qjestion ......the policy before of subsidy was more like covering a wound with a plaster and not treating it. Now that the plaster has been removed and the wound is being treated .... you'll agree the treatment will bring on pain. Is it a bad policy to remove the plaster and cause pain to the patient? ... or is better to retain the plaster and not let the patient feel pain?

Kukutente23:
I don't know how old you are but the FG removed subsidy 1st Jan 2012. Total, complete removal. What he said then matters a lot now because anyone with integrity should ensure he means what he says and he says what he means. Integrity is one of the virtues required in leadership. And can you explain what you mean by circumstances are not the same.

But that's not my main point.

You have listed the reason why subsidy is not good for the economy as:
i) our refineries are down
ii) Our exports are down( whatever that means)
iii) Foreign exchange income is less(are you sure?)
iv) We import our fuel
v) Money meant for running govt expenditure is diverted to subsidy.
All these situation you listed above are not caused by the ordinary citizens but by the elites in govt and have existed since 2012 when and Tinubu opposed subsidy removal. The people who have been bearing the brunt of the absence of all you listed above are the ordinary citizens not the elites. The only thing going for the citizens is the relatively cheaper cost of living before now.

As i already showed you, the average Nigerian has gone from earning $109 in 2012 to just $37 in 2023. He is poorer, and yet, you still want to add more to his misery by removing subsidy and jacking up fuel prices, something we said was not good in 2012 when he earned far higher. How is that justifiable?

What is emerging is a lot of you seem to think the citizens should bear the burden of govt and not govt bearing their burden. I think this idea only exists in Nigeria. In the US, when fuel prices rose last year, the US govt subsidised the price, even up to giving residents free money to cushion the price. They didn't just sit and say subsidy is bad.

Government exists for the welfare and well- being of the citizens and not the other way round as we're having it now in Nigeria. The average gov today still goes about with 20 convoys or more regardless of fuel price. Who is footing the bill? Is it not same govt you claim can't pay subsidy for its citizens that's subsidising the govs and other govt officials?

Lastly, let me ask you a philosophical question. What is the sign of a strong economy? Is it one that puts food on the table of the people or one that takes food off their table. Any economic policy that subjects the generality of people to untold suffering and mass social degradation as we have it now can't be good. Economic policies should bring prosperity not poverty.

This person you quoted is in the US, enjoying all the subsidies the US government provides, but still comes here to tell us how subsidy is the worst crime. useless lots.

Ikaeniyan0:
Its too early to come to this conclusion.

It is way too early to come to a conclusion........my worry is that Tinubu may not allocate the revenue saved from the subsidy savings well! He should use the saved funds to order mass transit buses and then improve the nations'infrasructure..........assuming he remains in office!

able20:
How long do you need?
When the foundation rotten you don't need to finish the building before you realize that will collapse

He has not even use up to 6 month, and you're already coming to this hasty decision.

False narrative! Anything to paint a gloomy picture but Nigeria is going to move forward and grow. Shame to all enemies of progress.

GeneralDae:
News stations declare what was shared not what was realized. 1.95 trillion was realized but about 1 trillion naira was from NLNG.

That's not what the news station that claimed 1.95trn said. The AGF is the official with powers to declare how much was realised and he never declared 1.95trn. So i ask again, where is the 1.95trn? Why didn't we get something close to that in June 2022 as well since you claim nlng pays dividend about this time every year? June 2022 faac was 804bn not even up to a trillion

Originalsly:
I don't know why he opposed subsidy in 2012 .... if he did I can only speculate. Circumstances are not the same in 2023 as they were in 2012. In 2012 our major source of income to maintain and boost the economy was oil .... which was at the time and yearsss before well over $100 per barrel. We also had a reasonable foreign reserve. I guess he didn't want it removed because he thought the FG could've afforded it at the time.
In 2015 price for oil dropped to below $30 per barrel. There was a huge drop in income and the borrowing frenzy began. By 2023 the cir umstances are not the same as they were in 2012. We have huge debts that have to be serviced ... the Naira has been depreciating... the price of oil is way below 2012 price ... how are we to manage the little we have left to run the country? Fuel subsidy is a big eater... like a pest eating away at the crop. Should we allow the pest to continue?... or should we get rid lf it but with some collateral damage? What will happen if we don't? That's the different circumstances we have been faced with and Tinubu has done the needful. Pretty soon the $37 earnings may dip just a little more and bottom out before it begin to rise. If this step was not taken the Naira would've continued to depreciate and earnings continue to have less buying power. At this point we're going through the fire.... hopefully we get to the other side as iron.

The US releases oil from its strategic reserve when there is a shortage of oil that cause a spike in the price of fuel. It did that last year.... and also start looking into price gouging. I know nothing about giving free money for fuel.

To your philosophical qjestion ......the policy before of subsidy was more like covering a wound with a plaster and not treating it. Now that the plaster has been removed and the wound is being treated .... you'll agree the treatment will bring on pain. Is it a bad policy to remove the plaster and cause pain to the patient? ... or is better to retain the plaster and not let the patient feel pain?

You based your claim on a lie which has been well repeated by apc that you've bought it. Price of crude was not over 100 dollars for years before 2012. As a matter of fact, price of crude as at 2007-2009 hovered just around 65 dollars. It was 2011 during the heat of the Arab spring that price of crude climbed higher.
Note also that Nigerian reserve was very low when PDP took over in 1999. They built the reserve themselves. It speaks to APC's cluelessness of the can't sustain what PDP did since 1999 but ended up making it worse.

On the value of Naira, everyone knows naira is undervalued now. So the I question the wisdom in undervaluing our currency when we're not a major exporter. That's what plummeted the income to $37. Is it good for your local economy when the middle class witnesses such a decline as we have now? Never!!

Go and check online. In Georgia, over 1bn dollars was paid as refund to cushion fuel impact last year, coupled with fuel tax breaks.

You didn't answer my question. Is a strong economy supposed to put food on the table of the citizens or take food off their table? If you remove plaster and the patient is still going to lose his leg, which is what is looming with this subsidy issue, then you're not helping the patient. Whatever pain that can't be doused in a matter of minutes but that will lead to unintended consequences is not a good idea.

SalamRushdie:
In his rush to dish out poorly thought out hard policies President Tinubu seems to have lost control of the economy, with the Naira hitting 1 thousand some time next week I dont see how he can salvage the economy..His first 50 days is 50 times worse than Buharis first 50 days

This person
Is very dull