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Nigeria Subsidy Removal Puts Pressure On EU Refineries - Politics (3) - Nairaland

Nairaland ForumNairaland GeneralPoliticsNigeria Subsidy Removal Puts Pressure On EU Refineries (33639 Views)

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Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Melbrom(m): 11:43am On Jul 28, 2023
JAMO84:
The whole world agree with tinubu that subsidy has to go, only the world infamous cocaine distributing tribe are against Tinubu right now.
Don't sound dumb. We all know that subsidy has not go but not the way tinubu went about it. Peter obi himself said he will remove subsidy but will be done in a more civilized way. Not the way that bat and criminal went about it increasing poverty, suffering and loss of jobs. Who removes subsidy on your first day in office without any plan. You removed subsidy then begin planning on how to reduce the effect. When you should have made an effective plan before removing the subsidy. Yet ignorant, tribalist dumb human like you will support such nonsense because you lack brain
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by a4cube: 11:43am On Jul 28, 2023
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.
Our economy runs on petrol, if the petrol import falls and we are not refining domestically to level up that means our economy falls as well.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by bonnyhope: 11:43am On Jul 28, 2023
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.
It is still the same thing

Nigerian politicians are looting in billions

So what's the difference.

Govt has every power to provide tight security around the borders but they never did
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by rajiedreez: 11:45am On Jul 28, 2023
Really
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by lexy2014: 11:45am On Jul 28, 2023
JAMO84:
The whole world agree with Tinubu that subsidy has to go, only the world infamous cocaine distributing tribe are against Tinubu right now.
Why did fuel subsisdy need to go?

Mele Kyari in 2020 said subsisdy had been totally and completely removed

Which subsisdy did Tinubu now remove in 2023?

Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by a4cube: 11:46am On Jul 28, 2023
Jsucre:
The dividends of subsidy removal will soon begin to affect us positively
This is good but please how have you benefitted from the subsidy removal from Kerosine and diesel?
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Frizz001: 11:46am On Jul 28, 2023
tamdun:
So what are you suggesting,we should continue providing jobs for Europe when our own is suffering?
The suggestion is that the government should do its job of protecting Nigeria and its commonwealth! Why is it easier to remove subsidies and throw Nigerians at the mercy of the dictates of the dollar than to ensure our refineries work optimally and block smuggling routes? If we are able to produce our petroleum needs locally, the dependence on the dollar would drastically reduce and even without subsidies, the price of petrol will not be as high as it is now!

Or are you rather suggesting that the prices should remain high so that there will no longer be an incentive for smuggling? How long will you continue then to cut off your nose just to spite your face? Just imagine a female refusing to have her bath or maintain good hygiene just so that men will not be attracted to her! Make that make sense please?!
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by JAMO84: 11:46am On Jul 28, 2023
Melbrom:
Don't sound dumb. We all know that subsidy has not go but not the way tinubu went about it. Peter obi himself said he will remove subsidy but will be done in a more civilized way. Not the way that bat and criminal went about it increasing poverty, suffering and loss of jobs. Who removes subsidy on your first day in office without any plan. You removed subsidy then begin planning on how to reduce the effect. When you should have made an effective plan before removing the subsidy. Yet ignorant, tribalist dumb human like you will support such nonsense because you lack brain
Which way would subsidy be removed that the people will not suffer?

When Peter Obi increased tuition fee in Anambra from 100 to 230 000, did he do it gradually or at once?
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by ElSudani: 11:46am On Jul 28, 2023
We kept European refineries working while our own are perpetually in maintenance mode.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by bonnyhope: 11:46am On Jul 28, 2023
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.
The smugglers are even within the govt because they have the nods of immigration, custom and so on and all these are agents of govt
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by kayusely70(m): 11:48am On Jul 28, 2023
PlayerMeji:
The dividends of subsidy removal will soon begin to trickle in...
You've spoken very well and brilliantly too!!!!!!
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by lexy2014: 11:48am On Jul 28, 2023
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.
How is the removal of fuel Subsidy now helping the poor?

How did the removal of diesel and kerosene subsisdy help the poor?

Who are the criminals and foreigners nigeria has been using it's purse to feed?

How was fuel being taken somewhere after Subsidy was taken?
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by darthv: 11:49am On Jul 28, 2023
JAMO84:
The whole world agree with Tinubu that subsidy has to go, only the world infamous cocaine distributing tribe are against Tinubu right now.
You are pathetic
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by ArcFresky(m): 11:51am On Jul 28, 2023
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.
Did you read where $10billion was spent last year on fuel subsidy?

Or did you also miss where 1/3 was smuggled? In other words, $3.3billon was spent on neighboutring countries?

Do you realise, most of these amount was actually borrowed?


TBh, the was forward is a govt sponsored transport system, let the rich ride cars.


How many poor people can afford a car?

Please, let's be honest with ourselves
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by nairalanda1(m): 11:54am On Jul 28, 2023
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.
Well, for now, those importing would be making a profit...but that may be mittigated by dropping consumption
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Frizz001: 11:54am On Jul 28, 2023
That is purely the fault of the Nigerian ruling class including criminals like Asari and other politicians who have established refineries outside Nigeria just to keep exploiting this deliberate loophole! Did Europe ask Nigeria not to build or maintain her refineries? All the monies that have been generated and stolen in the past decades, why has this perennial problem of poor domestic refining capacity not been addressed?

Even after taking out subsidies, I have not seen any move by the Buhari and now Tinubu government to revive our existing refineries or is the plan for only Dangote refinery to work and which does not appear ready to function even in the next One year? Where is the consideration for the welfare of the common man who cannot afford this exorbitant costs?

ElSudani:
We kept European refineries working while our own are perpetually in maintenance mode.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by lekan62: 11:55am On Jul 28, 2023
[quote auth09123363253or=jmoore post=124713441]Ask APC government. Buhari had 8 years, pumped billions of naira to fix PH, Warri and Kaduna refinery. Yet, none is working.

You are still providing jobs for Europe after subsidy removal because Nigeria is still importing petrol. The civilian regime since 1999 is to blame because all of them voted money for TAM which was not done,where is the money since 1999 to date[/quote]
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by almayda: 11:57am On Jul 28, 2023
Have you delivered yourself?Mr deliverer.
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.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by JAMO84: 11:57am On Jul 28, 2023
lexy2014:
Why did fuel subsisdy need to go?

Mele Kyari in 2020 said subsisdy had been totally and completely removed

Which subsisdy did Tinubu now remove in 2023?
Go back to school
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by uuzba(m): 11:57am On Jul 28, 2023
lexy2014:
Pls check the comment I responded to. He doesn't agree with u
When we subsidise fuel, it becomes cheaper right?
We buy more of it. Right?
We can run businesses. Right?
-
Because we're buying this fuel, EU who is producing the fuel, is "working" by producing the fuel. They have jobs to produce the fuel for us.
-
Now we're not subsidising, we are not buying much fuel again. EU refineries are not able to sell. They are not working. They will become jobless.
-
But we too are suffering joblessness, because no fuel to run generators to do our normal businesses.
No work for us, no work for EU. Everybody sits down jobless.
This is what 3 of us are saying,
You, the guy you commented and myself.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Jsucre(m): 11:58am On Jul 28, 2023
a4cube:
This is good but please how have you benefitted from the subsidy removal from Kerosine and diesel?
greatly benefited. Kerosene will make use of gas as alternative, will use diesel only for heavy duties, now we use diesel gen and solar to power our factories.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by a4cube: 12:00pm On Jul 28, 2023
Jsucre:
greatly benefited. Kerosene will make use of gas as alternative, will use diesel only for heavy duties, now we use diesel gen and solar to power our factories.
Before the removal of subsidy on Kero and diesel don't we use them on those you listed.

I asked how has the removal of subsidy of kero and diesel benefited you?
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Jsucre(m): 12:02pm On Jul 28, 2023
a4cube:
Before the removal of subsidy on Kero and diesel don't we use them on those you listed.

I asked how has the removal of subsidy of kero and diesel benefited you?
diversity. You can't compare fuel subsidy to those mentioned
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by fineboynl(m): 12:03pm On Jul 28, 2023
Its too late for first world countries to start building new refinery because the future of oil is getting narrow each passing day.

Gangote refinery have swallowed billions of dollars which the refinery might not recover even in long terms if fuel is sold cheaply. The NNPC too has invested in that refinery which own one of the biggest share. The reason when NNPC is increasing fuel price and speaking for dangote refinery.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Microwhy: 12:04pm On Jul 28, 2023
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 trash you've already made-up your mind to type won't allow you to properly read what is written up there..
Stolen mandate! Stolen mandate!! Between Algor and George Bush, who won the US election? Between Trump and Joe Biden, who won?
Algor is democrat and Trump is republican hence, fvck your votes. Every country run base on what the oligarchs feel its ok. Either you hug transformer or you quit whirling.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by obailala(m): 12:05pm On Jul 28, 2023
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.
You see that last bolded statement you made? I terribly dislike when people use that as an argument against subsidy cos it's patently flawed and devoid of logic.

Last time I checked, the greatest mass of people suffering untold hardship since the removal of subsidy are the poor. It is not the rich or middle class who can no longer afford food due to the inflation; it is not the rich or middle class who can no longer afford that korope bus ride and are now forced to treck countless miles to and from work. By all standards of measurement, the poorest in society are most badly hit by the current effects of subsidy removal.

A rich man who moves with a convoy of 10 cars may decide to now move with 3 cars, but how can you compare that to the effect on the poor man who now has to walk 10 miles daily cos he can no longer afford that rickety bus?

In summary, everyone benefits from subsidy, both the rich and the poor. In fiscal terms more money may have been spent on subsidizing the lifestyle of the rich, but measuring by the impact of subsidy on standard of living, the impact of subsidy is most felt by the poor.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Exclusive101: 12:07pm On Jul 28, 2023
While you ipob father lament daily
Those suffering are not complaining but your foolish ipob father complain everyday for people you don't want to be in the same country with, can't you see you have gone mad.


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.
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by nengiscrib: 12:07pm On Jul 28, 2023
The failure of the government to secure its borders, and waterways and implement effective accountability is a grave debt paid by the citizens.
Removal of subsidy because proper accountability cannot be made. And we have to pay for it
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by InyinyaAgbaOku(m): 12:09pm On Jul 28, 2023
tamdun:
So what are you suggesting,we should continue providing jobs for Europe when our own is suffering?
And are your people not the ones suffering and losing jobs now?
How do you People think ?

It's as if the FG pushed the cost of paying the subsidy onto the masses while she rests . Does that make sense ?

Why didn't they get the local refineries up before removing subsidy ? Must it be this way?
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by odimbannamdi(m): 12:10pm On Jul 28, 2023
PlayerMeji:
The dividends of subsidy removal will soon begin to trickle in...
What are the dividends. Please list them. Thanks
Re: Nigeria Subsidy Removal Puts Pressure On EU Refineries by Mayeldah(m): 12:15pm On Jul 28, 2023
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.
What made you believe that savings from subsidy removal will be utilized to help the poor or the country? Has 13% percent derivative helped the people of Niger Delta?

Until we get a good government, no savings will benefit the poor, unfortunately the APC and Tinubu won't deliver that change we seek.

The best option would have been to block the subsidy scammers, arrest them and stop oil theft. Subsidy is not a bad thing, other nations still practice it. it is the only thing the poor in Nigeria benefits from the government.

Let the poor breathe!
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