jmoore:


Poor man pays transport of 200 naira during subsidy.

Poor man now pays 500 naira after subsidy removal.

You guys should stop this lies!!!

Everyone benefitted from subsidy, directly or indirectly.

The economy runs on petrol because Nigeria has a paltry 5,000 megawatts for a population of 200 million.


Apart from paying more for transportation, the poor will pay more for food because cost of transportation affects prices of foodstuffs.

Blaming smugglers for the subsidy wahala is one being myopic. If a thief keeps breaking your home to steal foodstuffs, would you stop buying foodstuffs and let your family die of hunger because of thieves? No! You will seek for ways to catch the thieves. Instead of bringing in measures to catch smugglers, Tinubu decided to punish millions of Nigerians because of the actions of few smugglers that may not be up to 3,000.

Leave them. They dont have sense

ImDStar:
In Nigeria, poor people are standing on the mandate of criminals, and the criminal inflict them with more pain and poverty.
The poorer they get, the rich the criminals get.

Let The Poor Breath. Suffering and smiling poverty.

When you try deliver them, they tag you names.

You remember to use this your moniker today lol.

All I can say is that may poverty never be our own lot.

My dad told us that when he was building his house, a bag of 25kg of cement was #1, one Naira but still yet only very few people could build a house compared to today that cement is closing to #5,000. Which lots of people are building houses all over the place.

Once again may this government continue to favour me and my family just like Buhari's government favoured us.

After the presidential inauguration it's as if dangote refinery had a fatal death. Suspiciously there are more to this subsidy things.

PlayerMeji:
The dividends of subsidy removal will soon begin to trickle in...

Naso, but give a time frame if you are cocksure of this based on solid, logical facts, not speculation.
Hope is not a strategy, soon is not on any calendar I know.

tamdun:

So what are you suggesting,we should continue providing jobs for Europe when our own is suffering?

Nigeria is still importing PMS with no end in sight and it is coming from Europe, so the Europeans still have their jobs.

Why won't haters of Nigeria want Tinubu out? Why do you think they wanted the myopic and mediocre Obi who would have maintained the status quo with his market to market container economics statistics.

So are we paying too much to buy fuel so that our refinery can become world class exporter of refined fuel

PlayerMeji:
The dividends of subsidy removal will soon begin to trickle in...

Which dividend of removal of Subsidy from kerosene and diesel has trickled so far?

ImDStar:
In Nigeria, poor people are standing on the mandate of criminals, and the criminal inflict them with more pain and poverty.
The poorer they get, the rich the criminals get.

Let The Poor Breath. Suffering and smiling poverty.

When you try deliver them, they tag you names.

You'll never say any good thing about the country you once call the Zoo and Shithole but now dubiously call your country because you want your Packaged Fraud to be president. Or, aren't you Eboe boy again?

emkz:
The decision by Nigeria's President Bola Ahmed Tinubu to remove the very popular but expensively scandalous fuel subsidies has reduced the demand for petrol in the West African country and also removed incentives for smugglers. Nigeria had been a popular destination for refined fuel from the EU, and with the current development, the EU refiners need to look elsewhere to break even.




https://www.reuters.com/business/energy/end-nigerian-fuel-subsidy-set-squeeze-europes-refiners-2023-07-28/

No saviour anywea. Save yourself and your family from the cycle of poverty! Not necessarily by smuggling, cheating or killing but by joining those who know the way! I used to fight for the poor, but no more! I fight for myself and children! Same with all politicians! No one can redeem anyone! Tap into any available opportunity to make money! Move with rich people. Dont beg money from them, rather give them gifts and enter them to reach the top! Remember, no one can save anyone! In all over the world, the poor are always complaining! Stop complaining, join the click! Make money or complain as a poor man and die in your penury!

Jagabaaaaaannnnn.
The president who knows the way to modernity.

ImDStar:
In Nigeria, poor people are standing on the mandate of criminals, and the criminal inflict them with more pain and poverty.
The poorer they get, the rich the criminals get.

Let The Poor Breath. Suffering and smiling poverty.

When you try deliver them, they tag you names.

Criminal brainwashed IPOB cannibal, deliver yourself from your mental slavery first before trying to help others.

nairalanda1:
(Disclaimer: I do not work for Tinubu, APC, the government, NNPC, or petrol marketers, lol)

Well, I doubt EU refinereis would be losing money, since we are, after all still importing. And even if Dangote comes on stream tomorrow, we would still have to import. The report is some ten years early.

As for smuggling, some smuggling still goes on, but the cost differential makes it less profitable. At least the smugglers are spending their own money, not government money.

Finally,we need to get domestic refining back on stream, now that petrol is profitable.

Good thing subsidy is gone. At the end of the day, there is only so much of tomorrow's money one can spend today.

It is not about us importing. It is about importation dropping significantly and the fact that the fuel cannot be smuggled out again once they are brought in. If you are an importer and you bring fuel, you are likely to lose money. Hope you understand it now.

tamdun:

So what are you suggesting,we should continue providing jobs for Europe when our own is suffering?

Is it fuel Subsidy that is preventing job creation in Nigeria!?

Make una just dey play

Okay

emkz:


It is not about us importing. It is about importation dropping significantly and the fact that the fuel cannot be smuggled out again once they are brought in. If you are an importer and you bring fuel, you are likely to lose money. Hope you understand it now.

Why can't the fuel no longer be snuggled out again once it is brought in?

Why was it being smuggled out before?

ImDStar:
In Nigeria, poor people are standing on the mandate of criminals, and the criminal inflict them with more pain and poverty.
The poorer they get, the rich the criminals get.

Let The Poor Breath. Suffering and smiling poverty.

When you try deliver them, they tag you names.

The dividends of subsidy removal will soon begin to affect us positively

emkz:
I enjoyed the part of the report that cited that once the subsidy was removed, the financial incentive for smuggling was killed.

Removal of subsidy was a brilliant move by the President. For many years, Nigeria was taking from our purse to feed criminals and foreigners. How do you collect subsidy and still take our fuel to sell it elsewhere? Let our states government step in to help our people by addressing the after-effects.

Subsidy did not help the poor it was meant for.

If you guys say is such a good move I want to ask you a simple question. When Jonathan wanted to remove subsidy why did the likes of tinubu prevent it. Don't you think the hardship we are suffering now is part of this administration?

emkz:
The decision by Nigeria's President Bola Ahmed Tinubu to remove the very popular but expensively scandalous fuel subsidies has reduced the demand for petrol in the West African country and also removed incentives for smugglers. Nigeria had been a popular destination for refined fuel from the EU, and with the current development, the EU refiners need to look elsewhere to break even.

How was the fuel subsisdy scandalously expensive and what made it so?

How has fuel subsidy removal removed incentives for smugglers?

The truth is, APC as a party and Tinubu as a person does not have the capacity to lead Nigeria to prosperity as a nation. They are only recycling the same criminal politicians to reduce opposition and to solidify their hold on government to continue the looting and stealing they started since 1999. If you check the ministerial list, it's more of a list of loyalists Tinubu wants to reward for helping him steal mandate at all cost. The list has nothing to do with building a great nation. Its all about building political bridges to weaken opposition, increase political sycophancy and support base at all cost.




If Tinubu refuses to return petrol subsidy, Nigeria will experience a devastating economic recession that will affect even the super rich.


The effect of this subsidy removal will be felt in 6 months time as it will gradually render private businesses, etc unproductive.



Nigerian government must find way to subsidize petrol back if not the economy will crash. Poor Nigerian citizens cannot be the ones to bear the burden of failures of successive government of Nigeria that failed to fight whatever corruption they said was ruining the petrol subsidy regime.


The way Nigerian media and all the Presidential candidates projected petrol subsidy removal, it made it look like the major problem holding Nigeria back was petrol subsidy and that once it was removed Nigeria will turn to New York, all na wash. Even Obi was wrong and by now if he was the President and did removed the subsidy as promised, we would have pressured him to see reason why petrol subsidy must not be removed in Nigeria because that is the only thing all Nigerians benefit from Nigerian government equally without bias.


Energy plays a keyrole in every nation's progress, that was why God first created light to see clearly first before starting any other creation. Every serious nation that wants national prosperity don't joke with their energy, especially the cost of energy because it is the number one cost that affects every other thing in the economy.



It is government's responsibility to tighten our borders to avoid smuggling subsidized petrol out of Nigeria.



It is government's responsibility to ensure transparent procurement and payment of subsidy on exact petrol consumed in Nigeria.


It is government's responsibility to fix our dead refineries and stop importation of petrol.


It is government's responsibility to stop oil theft and bunkering to increase our national crude output.



Instead of facing their responsibilities as government, they push the burden to already dejected citizens that benefit nothing from government.



Increasing the minimum wage will not solve the awaiting recession that will come with this brutal petrol subsidy removal.


Paying households 50,000 naira every month won't solve it because more than 60% of the fund will be looted and only party members and few highly placed families in their communities will benefit.


Nigerian government must revert back the petrol subsidy and face their failures in tackling the issues that made the petrol subsidy programme to fail by tightening our borders and criminalizing smuggling of petrol products, revamping the process of subsidy payment to ensure we pay for exact petrol imported into Nigeria. Urgent revamping of our national refineries to start working soonest. Beefing up security on our waterways to end crude theft.



This is the only way out if not, Tinubu or any other President that insist on removing subsidy is wasting time cos Nigeria's economy crash without petrol subsidy.



Buhari partially removed subsidy on petrol in 2018 when he increased pump price from 97 naira per liter to 145 naira per liter and later to 196 naira per liter and they said the price will crash with time. Till date the price hasn't crashed and we can't account for the trillions he saved or made from partially removing subsidy then, the same thing will happen under Tinubu

lexy2014:


Is it fuel Subsidy that is preventing job creation in Nigeria!?

Cheap fuel, you can run generators, run business, employ people
Expensive fuel, you can't run generators. Your goods will be too expensive to sell, business will collapse. No employment.
Subsidy= Cheap fuel
No Subsidy = Expensive fuel.
-
Whatever the case, we would have to set up another type of business model. For now, we suffer, trekking, job loss, no generator, no business.

BobbieZion:
Good development.
Let our refineries work first.....

Because up till now we still import refined fuel which price is determined by exchange rate.

If the value of dollar was less than N200.
We wouldn't have been buying fuel this costly.
Simple.

The bold part is the problem and the crux of the matter! It is the absence of domestic refineries in the first place that occasioned the need to import refined petroleum products, forcing an unhealthy vulnerability to the fluctuating dollar rates hence the need for subsidies to cushion the effect.
It is not yet uhuru until domestic refineries start to produce for local consumption otherwise, majority of Nigerians continue to bear the brunt of high cost of living including petrol matched against the very weak purchasing power of the Naira.

Hahaha... Just negodu.


If you don't get it, then forget about it.

ImDStar:
In Nigeria, poor people are standing on the mandate of criminals, and the criminal inflict them with more pain and poverty.
The poorer they get, the rich the criminals get.

Let The Poor Breath. Suffering and smiling poverty.

When you try deliver them, they tag you names.

Have you delivered yourself first, you want to deliver the world. Mr. Deliverer, have you attained financial freedom, if no just keep mute.

I see plenty useless comments from the mumu leaders of tomorrow

ImDStar:
In Nigeria, poor people are standing on the mandate of criminals, and the criminal inflict them with more pain and poverty.
The poorer they get, the rich the criminals get.

Let The Poor Breath. Suffering and smiling poverty.

When you try deliver them, they tag you names.

Peter Obi croonies.Bad loser.Tinubu too should relief people from the hard stricken poverty

JAMO84:
The whole world agree with Tinubu that subsidy has to go, only the world infamous cocaine distributing tribe are against Tinubu right now.

Yes the tribe involved in Chicago forfeiture.

tommy589:
I hope the gains of the removal is not stolen

What gains? They said the government was borrowing money to pay the subsidy.

Now that the subsidy is gone, the government will stop borrowing money for it.

Now they wil l all acknowledge the importance of Nigeria to the world economy

uuzba:

Cheap fuel, you can run generators, run business, employ people
Expensive fuel, you can't run generators. Your goods will be too expensive to sell, business will collapse. No employment.
Subsidy= Cheap fuel
No Subsidy = Expensive fuel.
-
Whatever the case, we would have to set up another type of business model. For now, we suffer, trekking, job loss, no generator, no business.

Pls check the comment I responded to. He doesn't agree with u