₦airaland Forum

Parachoko:
Absolute Majority Of Nigerians have choosen to Suffer Today and Enjoy Tomorrow Under Asiwaju, that's why we Elected him and Rejected The Pandora Fraud from Agulu.

Asiwaju will rule till 2031

What of the palliatives who are they meant for?
People wey wan suffer no need palliative now?

Kukutente23:
What of the palliatives who are they meant for?
People wey wan suffer no need palliative now?

Good you have Accepted Asiwaju will rule till 2031, stop Wailing on Behalf Of Absolute Majority Of Nigerians again.

Asiwaju till 2031

Parachoko:
Good you have Accepted Asiwaju will rule till 2031, stop Wailing on Behalf Of Absolute Majority Of Nigerians again.

Asiwaju till 2031

I don't remember absolute majority of Nigerians electing you their spokesman.
Absolute majority did not vote for him.


Who cares whether he rules till 2095
You probably think I'm one of you lowlifes who run around making silly noises on behalf of politicians.
The important thing is what I'm about which is that he's failing presently.
He's turning out to be a scam

Racoon:
https://www.farooqkperogi.com/2023/08/why-tinubu-must-restore-fuel-subsidies.html?fbclid=IwAR0HzZVcI0kQ5jzlPVfwN9pGTbj9m1o_kjRHA5nCKVeIVVH1jN05SUm6Vgg&m=1

American govt don't subsidize petrol consumption. They subsidize petrol production starting from exploration to refining.

Chigozie321:
Subsidy is a criminal enterprise. What government should prioritize is giving support to owners of modular refineries.

More licenses should be given to them and the government should give them tax rebates.

Over 188 licenced already issued but those that has the license don't want to do the business in attempt to continue to frustrate Nigerians. they got the papers and still want to continue eating from subsidy, now they are stranded as the sugar subsidy is gone.

Kukutente23:
I don't remember absolute majority of Nigerians electing you their spokesman.
Absolute majority did not vote for him.


Who cares whether he rules till 2095
You probably think I'm one of you lowlifes who run around making silly noises on behalf of politicians.
The important thing is what I'm about which is that he's failing presently.
He's turning out to be a scam

Cry all you want, Absolute Majority Of Nigerians choose Asiwaju and that's why he's The President Of The Federal Republic Of Nigerians.

Asiwaju Bola Ahmed Tinubu will rule Nigeria till 2031

Absolute Majority Of Nigerians are behind him, you Obidunze Orchins are in the minority and we will keep on letting you the Minorities have your Say why we The Majority Keep on Having Things Our Way.

On Asiwaju Bola Ahmed Tinubu Mandate I Stand Gidigba

DeLaRue:
A President cannot just get ut of his bed and announce salary increases. We are not in a military dictatorship. There is a legal process to follow. There's also consultations that have to be made with labour unions, the private sector, and all sorts of calculations that have to be made. They're currently following the process. A Nigerian President is powerful but he has to follow the law and the democratic process.

There is also a legal process to follow to remove subsidy. Buhari followed the process which took several months and was voted by the national assembly. Many people just didn't notice when the process was going on.

Oga the president can can announce wage increase and the relevant agencies will simply fall in line and make it happen.

Why didn't he follow the same long legal process before removing subsidy

Racoon:
A fact often neglected by the beleaguered downtrodden citizens. The real subsidy criminals are those in government who are not ready to cut down the cost of governance.

If you sell all the jets , stop allowances of national assembly ,Nigeria will still be in debt and still be broke, while its good to cut down cost , it still won't take you anywhere if you don't generate revenue that is enough for 200m people. The Farooq himself is not very smart , reason I stopped listening to all these critics , they can never give you a valid solution, the only person who has given very viable solutions was Dr Doyin Okupe .

Paper warrior shut up

Let the refineries work nto return subsidy
They took 3bn$ under buhari to fix them, fix it today or give Nigerians that money

Increase salaries and give every adult an udoji


That money is better in the hands of Nigerians than a few thieves

Parachoko:
Cry all you want, Absolute Majority Of Nigerians choose Asiwaju and that's why he's The President Of The Federal Republic Of Nigerians.

Asiwaju Bola Ahmed Tinubu will rule Nigeria till 2031

Absolute Majority Of Nigerians are behind him, you Obidunze Orchins are in the minority and we will keep on letting you the Minorities have your Say why we The Majority Keep on Having Things Our Way.

On Asiwaju Bola Ahmed Tinubu Mandate I Stand Gidigba

He has the least number in terms margins of Presidents who have ever won elections. 8m out of a total of 20m+ votes is a minute Majority.
You can keep failing and smiling while shouting obidunce and other hogwash

this man cannot write without mentioning Peter Obi

Kukutente23:
He has the least number in terms margins of Presidents who have ever won elections. 8m out of a total of 20m+ votes is a minute Majority.
You can keep failing and smiling while shouting obidunce and other hogwash

Asiwaju will rule Nigeria till 2031

Any other thing nah just Garbage Talk. Absolute Majority Of Nigerians Will make It Happen again in 2027 for Asiwaju.


On Asiwaju Bola Ahmed Tinubu Mandate I Stand Gidigba

Kukutente23:
You have come again with lies
Which of the taxes?
US corporate tax is 21% Nigeria 30%
Personal income tax US 10% Nigeria 15%
Which one are you referring to?
Implicit o, explicit o. Subsidy na subsidy.

On US tax rates

There are seven tax rates: 10%, 12%, 22%, 24%, 32%, 35% and 37%, the same as in tax year 2022. The income thresholds for the 2023 tax brackets were adjusted significantly — up about 7% from 2022 — due to the record-high inflation. This means that some people might be in a lower tax bracket than they were previously.

US corporate tax rate is 21%..but on the state side, an additonal tax on corporate income varies from 2.5% to 11.5%.


ALSO

USA has a markedly diversifed economy, Nigeria is a one track economy of oil dependency


US GDP makes Nigeria's look like chicken feed.

AND

US citizens(60% of households) MOSTLY ALL pay their taxes, with severe penalites for those who don't. Nigeria, as at 2019 had about 70% of Nigerians not paying anything in tax to state and federal level.

And you expect us to keep affording subsidy.

Good afternoon.

benardtotti:
If you sell all the jets , stop allowances of national assembly ,Nigeria will still be in debt and still be broke, while its good to cut down cost , it still won't take you anywhere if you don't generate revenue that is enough for 200m people. The Farooq himself is not very smart , reason I stopped listening to all these critics , they can never give you a valid solution, the only person who has given very viable solutions was Dr Doyin Okupe .

You are right, but honestly, we should really cut cost of governance.

But even if we did all you said...let's even take away the money we would spend on ASO rock and National Assembly for this year, which approx to about 300-400billion naira, it would be enough for probably one month of subsidy, and that's it.

The oil we are shouting about....it can't carry 10 million people, talkless of 220 million people. Corruption even makes the matter worse. The people who call for restructuting have a good idea...if we cut most of Nigeria off oil, it may even spur development of alternative means of revenue....but at the end of the day, we don't set the price for cocoa, cotton, etc...the West does.

Somehow, we need to find a way to use our resources to make things we can sell to the world at a profit. That is the way.

But the sad thing about this subsidy removal...God knows it was the right thing to do. We are at starvation point. We had no other way out. And God knows, I wish there was another way we could keep it, at least for the poor and the middle income earner. But even at that...

nairalanda1:
You are right, but honestly, we should really cut cost of governance.

But even if we did all you said...let's even take away the money we would spend on ASO rock and National Assembly for this year, which approx to about 300-400billion naira, it would be enough for probably one month of subsidy, and that's it.

The oil we are shouting about....it can't carry 10 million people, talkless of 220 million people. Corruption even makes the matter worse. The people who call for restructuting have a good idea...if we cut most of Nigeria off oil, it may even spur development of alternative means of revenue....but at the end of the day, we don't set the price for cocoa, cotton, etc...the West does.

Somehow, we need to find a way to use our resources to make things we can sell to the world at a profit. That is the way.

But the sad thing about this subsidy removal...God knows it was the right thing to do. We are at starvation point. We had no other way out. And God knows, I wish there was another way we could keep it, at least for the poor and the middle income earner. But even at that...

Exactly my point , the fact of the matter is it will take Nigeria at least 20 years to become a manufacturing power house in West Africa, its not a 1 day job, the fastest way to get it done is to woo Chinese manufacturers to setup hubs close to raw materials in Nigeria and give them a tax free break for 10 years , this is one of the little solutions that will spur development fast across Nigeria, the only thing g0vt will provide is security, let the Chinese manufacturers provide every other thing from roads to power in that hub .it may sound like we are selling ourselves to China but trust me it will be a win win for both parties.

KingsCity:
It doesn't make sense for subsidy and all it's corruption to be restored


What the government needs to do, and they ought to have done that already, is significantly increase salaries of employees and provide other reasonable palliatives (Not N5billion to each state and some trucks of rice!! What would the people do when they finish eating the rice?) to cusshion the effects of the removal. Provide incentives to businesses and of course businesses can also sort themselves out by increasing prices of what they offer to cover increased costs

Same day he announced subsidy removal, he ought to have announced wage increases. If subsidy is being removed and which is going to save the country trillions and benefit the country over the long term, it makes sense that a good chunk of that savings be applied to cushion the immediate harsh effects of the withdrawal immediately and up at least a year......Employees and businesses will eventually adjust but that will take some time...

PMS is not necessarily more expensive in Nigeria than elsewhere but wages & incomes in Nigeria are definitely very poor

Subsidy which one can also classify as an indirect palliative was removed because of corruption. Yet the govt is rolling out the same palliative in a different form and you think the same people who profited from the subsidy have automatically vanished or repented overnight not to also steal the palliative. You forget that an increase in wages will come with it's own inflammation especially when we are a consuming nation. Every country in the world have one or more aspects that is subsidized base on its essential need & effect on the people. Govt insincerity & bad leadership is what is fueling the porous system in Nigeria. A thief can't possibly question or arrest his fellow that is why none of the presidents have been able to boldly mention those they claim are looting the subsidy funds.

[quote author=KingsCity post=125207047]It doesn't make sense for subsidy and all it's corruption to be restored


What the government needs to do, and they ought to have done that already, is significantly increase salaries of employees and provide other reasonable palliatives (Not N5billion to each state and some trucks of rice!! What would the people do when they finish eating the rice?) to cusshion the effects of the removal. Provide incentives to businesses and of course businesses can also sort the You are talking of wage increase as if everybody is a civil servant like u. You must be a very selfish person.

nairalanda1:
On US tax rates




US corporate tax rate is 21%..but on the state side, an additonal tax on corporate income varies from 2.5% to 11.5%.


ALSO

USA has a markedly diversifed economy, Nigeria is a one track economy of oil dependency


US GDP makes Nigeria's look like chicken feed.

AND

US citizens(60% of households) MOSTLY ALL pay their taxes, with severe penalites for those who don't. Nigeria, as at 2019 had about 70% of Nigerians not paying anything in tax to state and federal level.

And you expect us to keep affording subsidy.

Good afternoon.

So how is that different from what I said? It still shows you were lying. Nigeria's tax rate is higher than that of US. Even up to interest rates!!

US debt makes Nigeria's debt look like chicken feed. Their debt to GDP is over 100% while Nigeria is 22%. That means Nigeria's GDP can easily pay off our debt while US economy will simply cease to exist if it wanted to pay back all its debts.

US has the highest tax rebate in the world worth 122bn dollars. That's higher than the Nigerian total budget by 300%.

So what's your point again.

Parachoko:
Asiwaju will rule Nigeria till 2031

Any other thing nah just Garbage Talk. Absolute Majority Of Nigerians Will make It Happen again in 2027 for Asiwaju.


On Asiwaju Bola Ahmed Tinubu Mandate I Stand Gidigba

You can stand anywhere you like. That's none of my business. Your Asiwaju won with only 8m votes. You must be highly deluded to call that absolute majority.
He's also failing spectacularly so far. You should concern yourself with that instead of making prophecy about 2031

Kukutente23:
You can stand anywhere you like. That's none of my business. Your Asiwaju won with only 8m votes. You must be highly deluded to call that absolute majority.
He's also failing spectacularly so far. You should concern yourself with that instead of making prophecy about 2031

Whether He Fail or Not, He will Rule Nigeria till 2031

On Asiwaju Bola Ahmed Tinubu Mandate I Stand Gidigba

Nigeria needs more steams of revenue..

That is primarily the reason government had to stop subsidies unless tinubu wants to follow buhari path of continuous borrows..

Buhari never borrowed constantly cuz he loved it .he did that cuz the country was getting broke..and funding our budget was becoming difficult..

Reducing the cost of governance will not solve the problem

Yugoslavia247:
Firstly this Farooq has no bearing

I will only say this.

Do we not subsidized military
Are we not supposed to subsidized education
What about health
What about solid minerals.


But they say oil subsidy must go
No refinery
No planning
No clue
More corruption

I still believe OBI is the best

Just fight corruption and reduce cost of governance.

Thereafter decide if to remove subsidy
Stages by stages
Stage one can be 30 percent
Work on the refinery
Stage 2 another 30 percent by then the refinery is completed
Remove NNPC as sole importer. It doesn't make sense. To me is like the subsidy thieves went legit via NNPC. Tell me how NNPC should monopolize fuel import.
Stage 3 another 30 percent.

We should see zero corruption tolerance.

Right now what we see is corrupt people

The greatest evil is supporting a corrupt man because of tribe and religion

Parachoko:
Whether He Fail or Not, He will Rule Nigeria till 2031

On Asiwaju Bola Ahmed Tinubu Mandate I Stand Gidigba

That's your business

I am not oblivious of the fact that things are really hard now, economically and financially, but I do not think restoring petrol subsidy is the way to go. I supported its removal in 2012 under Dr. Goodluck Jonathan, and I still support it now.

I think it has to be removed if we really want to deal with the corruption in the sector and want the sector, and our economy to perform better.

Kukutente23:
So how is that different from what I said? It still shows you were lying. Nigeria's tax rate is higher than that of US. Even up to interest rates!!

US debt makes Nigeria's debt look like chicken feed. Their debt to GDP is over 100% while Nigeria is 22%. That means Nigeria's GDP can easily pay off our debt while US economy will simply cease to exist if it wanted to pay back all its debts.

US has the highest tax rebate in the world worth 122bn dollars. That's higher than the Nigerian total budget by 300%.

So what's your point again.

That we cannot afford subsides until we voted in a government that diversifies our economy and also makes us more prosperous.

This is my final comment to you

Good afternoon, comrade of the Party. If you want subsidy back, appeal to your senator or run for office. Simple. Don't cry here on nairaland


And take action


US can afford subsides. Their subsides is basically tax breaks to their refineries. Or grants. And they heavily add tax to the cost of petrol that in some states petrol is even more expensive


Here in Nigeria we essentially forced petrol down below its production cost and paid a subsidy that could not adequately cover the resulting loss. That is where our subsidy is different from American subsidy .


If you cannot see, I cannot help you. You sit down here and call me tinubu supporter and liar and abuse me all day long. Because you want subsidy? Is your wanting subsidy something that you desire that much? Do more than abuse me, leave this site and take direct political action. Change the effing system so that you get the subsidy back. Use your effing anger for something.


P.s

And you want us to have US deficit too. Okay.


Oga,us earns far more than we do. Forget their debt. Fuel there is not cheap and government does not set the price of fuel there.


Better give it up. But if you want subsidy, abuse me and then get up and change the system. Put that anger to use , tinubu supporter.

nairalanda1:
That we cannot afford subsides until we voted in a government that diversifies our economy and also makes us more prosperous.

This is my final comment to you

Good afternoon, comrade of the Party. If you want subsidy back, appeal to your senator or run for office. Simple. Don't cry here on nairaland


And take action


US can afford subsides. Their subsides is basically tax breaks to their refineries. Or grants. And they heavily add tax to the cost of petrol that in some states petrol is even more expensive


Here in Nigeria we essentially forced petrol down below its production cost and paid a subsidy that could not adequately cover the resulting loss. That is where our subsidy is different from American subsidy .


If you cannot see, I cannot help you. You sit down here and call me tinubu supporter and liar and abuse me all day long. Because you want subsidy? Is your wanting subsidy something that you desire that much? Do more than abuse me, leave this site and take direct political action. Change the effing system so that you get the subsidy back. Use your effing anger for something.


P.s

And you want us to have US deficit too. Okay.


Oga,us earns far more than we do. Forget their debt. Fuel there is not cheap and government does not set the price of fuel there.


Better give it up. But if you want subsidy, abuse me and then get up and change the system. Put that anger to use , tinubu supporter.

Another set of lies.
Are you aware there's a state in US where fuel is basically 0.6 dollars per litre. That's far cheaper than Nigeria and at $7.25 per hrs minimum wage. It's not true that it's only tax breaks. At the height of the rise in gasoline prices during the start of the Russia war, State of Georgia was giving residents free fuel cheques to buy extra fuel. Besides, the cost of those tax breaks runs into billions of dollars. I'm sure someone like you will argue those monies could be pushed into badly needed infrastructure or used to reduce US loans.

Oh so we should forget US debts now. Does their earning cover their debts? Absolutely not! But you're making excuses why subsidy is good for them and not for Nigeria, a country with more poor people, less minimum wage, almost no infrastructure and weak social safety nets. If this is not confusion I don't know what it is.

But don't fret. Subsidy is already back. The 3bn dollars loan NNPCL just took is for subsidy.

The fact is the experiment on subsidy failed so spectacularly the FG is now sharing rice. Just think of that. FG is sharing bags of rice to states as if we're in a famine or refugee camp. That's the level of poverty your subsidy removal has brought. And those who are been given the bags of rice are those you think should pay more tax.

Your economic ideas are totally flawed.

Kukutente23:
Another set of lies.
Are you aware there's a state in US where fuel is basically 0.6 dollars per litre. That's far cheaper than Nigeria and at $7.25 per hrs minimum wage. It's not true that it's only tax breaks. At the height of the rise in gasoline prices during the start of the Russia war, State of Georgia was giving residents free fuel cheques to buy extra fuel. Besides, the cost of those tax breaks runs into billions of dollars. I'm sure someone like you will argue those monies could be pushed into badly needed infrastructure or used to reduce US loans.

Oh so we should forget US debts now. Does their earning cover their debts? Absolutely not! But you're making excuses why subsidy is good for them and not for Nigeria, a country with more poor people, less minimum wage, almost no infrastructure and weak social safety nets. If this is not confusion I don't know what it is.

But don't fret. Subsidy is already back. The 3bn dollars loan NNPCL just took is for subsidy.

The fact is the experiment on subsidy failed so spectacularly the FG is now sharing rice. Just think of that. FG is sharing bags of rice to states as if we're in a famine or refugee camp. That's the level of poverty your subsidy removal has brought. And those who are been given the bags of rice are those you think should pay more tax.

Your economic ideas are totally flawed.

K.

Wishes are not horses.

Kukutente23:
He has the least number in terms margins of Presidents who have ever won elections. 8m out of a total of 20m+ votes is a minute Majority.
You can keep failing and smiling while shouting obidunce and other hogwash

You lie as usual.shagari won with a 700k margin and 33% as against tinubu with 1.8 mil margin and 36% of total votes

garfield1:
You lie as usual.shagari won with a 700k margin and 33% as against tinubu with 1.8 mil margin and 36% of total votes

Don't be daft. I'm talking of ratio of total votes to the votes he garnered and not the margin between who came first and second. From almost 22m votes, he got only 8m. That's the widest margin of votes between a winner and total votes.
Always read and understand before jumping to advertise your low iq

Kukutente23:
Don't be daft. I'm talking of ratio of total votes to the votes he garnered and not the margin between who came first and second. From almost 22m votes, he got only 8m. That's the widest margin of votes between a winner and total votes.
Always read and understand before jumping to advertise your low iq

The daft one is the one who stated one thing and after being caught pants down is trying to twist things and who doesn't know basic maths.8.7 million out of 22 mil is better than 5.6 mil out of 16.5 mil bros

garfield1:
The daft one is the one who stated one thing and after being caught pants down is trying to twist things and who doesn't know basic maths.8.7 million out of 22 mil is better than 5.6 mil out of 16.5 mil bros

Oga your daftness is making me ashamed of you.
Go back and read my convo with that zombie. He claimed absolute majority of Nigerians voted for Tinubu. So how do you counter that? By looking at the margin of who came first and second? Or by looking at the margin of votes the winner garnered against total votes? Your daftness dey shame me.
Go back to primary school.

The government has succeeded in deceiving Nigerians that they must pay for their inefficiencies of the past years concerning the petroleum sector. I am amazed some Nigerians that lack the capacity to understand things and think rationally are supporting them.
The Nigerian government is perpetually at war with the citizens of this nation. Know this and know peace. The government only exist for the criminals that are running it period. If Nigerians know the truth about what is happening in the petroleum sector there will be outrage in the land.

Fuel subsidy should be renamed to govt assistance, it should also reorganize abd restructure for better service delivery to the people. It's total face out is no no meaning that govt is no longer providing any welfare to it's citizen.

In USA and western world, where most of our policies and laws are derived from, they have welfarist policies such as old people home, free medical, unemployment benefit, food stamp, etc. Now, having derived our economic policies why can't our govt restrategize on how to maintain at least, this fuel subsidy which is the most popular welfare and people oriented policy that every citizen enjoys.

Govt assistance should be encouraged for better and equitable society for all