liveLongNprospa:


Are we paying subsidy or not?

N500 per litre less than before by my estimation.

LordAdam16:

One initiative is to set up a handful of conversion facilities for registered commercial transporters. AFAIK, CNG/LPG price has comparatively lagged the non-subsidized gasoline price since the removal.

Are these commercial transporters of goods or people?

If people, what impact would this have except reduction of a small percentage of bus fares in some cities? The bulk of our transportation of people is done by private individuals

There is no subsidy on diesel. It's price fluctuation is subject to FX rates, that is the Koko when it comes to goods

Ibime:


There is nothing to analyse. Even Nairalanders could tell them the effect of what they promised two years ago. They knew the effect on common man before they promised it. It's like amputating a rotten limb, nothing go sweet inside

I believe the analysis on the hard decision is the first thing he had to do before removing the subsidy. That announcement on his inauguration day is characteristics of a reckless leader.

hunger is the worst enemy of man and that's the new reality you're saying people should adjust because he want to form hard man.

I fault that ur statement

If a Buhari that was the greatest beneficiary of the politically motivated 2012 subsidy removal protest refused to remove subsidy for 8 years of studying the polity that should tell u a lot.

It will not hurry anybody to admit they gaffed ing with Tinubu hoping the abrupt removal of fuel subsidy will spell this much room for the general populace.

Tinubu is the president today, his actions and inactions have thrown the people who voted and those who didn't vote him into serious hardship. If anything, na how to bring the people out of the abyss he threw the people into supposed be person concern. No be say na gaslighting wey no change status quo

Ibime:


Are these commercial transporters of goods or people?

If people, what impact would this have except reduction of a small percentage of bus fares in some cities? The bulk of our transportation of people is done by private individuals

There is no subsidy on diesel. It's price fluctuation is subject to FX rates, that is the Koko when it comes to goods

CNG/LPG is the energy source of choice for transporters in places like India.

You're the one who said there's no ameliorative measure that could be enacted. I suggested one that has been implemented successfully in peer countries and you're asking about the impact. This is one example. How about opening the borders or reducing import duties on essentials for a limited period?

Cumulatively, don't you think these measures would have softened the blow of a subsidy removal?
If I can come up with these, are you trying to tell me that a well-meaning leader can't assemble a panel of experts that'd put together a better plan than sharing rice?

And if you're saying that the best that Tinubu and his "we prepared for 15 years" gang can suggest is sharing of rice, then by all things that's sacred, don't you think they are ill-equipped to pilot the affairs of this nation.

You're British. How many boneheaded decisions did Liz Truss make before she was bundled out?
How about Carol Bartz of Yahoo who was sacked over the phone?

Yet here you are giving the most stupendous excuse in the history of excuses that a confirmed dolt should not be criticized because he plagiarized the manifestos of more capable candidates.

If Nigeria was a private company, will you accept that BS you spewed? A non-performing CEO should not be fired or criticized because his replacement will do no better. In fact, you're cocksure that his replacement will take the exact same stupid decisions in the exact same moronic manner because you're Doctor Strange moonlighting as a finance pro. Where would that fly?

-Lord

BlueRayDick:
If a Buhari that was the greatest beneficiary of the politically motivated 2012 subsidy removal protest refused to remove subsidy for 8 years of studying the polity that should tell u a lot.

It will not hurry anybody to admit they gaffed ing with Tinubu hoping the abrupt removal of fuel subsidy will spell this much room for the general populace.

Tinubu is the president today, his actions and inactions have thrown the people who voted and those who didn't vote him into serious hardship. If anything, na how to bring the people out of the abyss he threw the people into supposed be person concern. No be say na gaslighting wey no change status quo

The fg was owing nnpc 2.3 trillion naira in subsidy payments . Nnpc had stopped remitting to the federation account because of this. So what do you think would ultimately have happened if the fg had not removed the subsidy.

According to the Nigerian constitution, all minerals, gas, and oil the country possesses are legally the property of the Nigerian Federal Government. The revenue gained by the NNPC accounts for 76% of federal government revenue and 40% of the entire country's GDP

The implication of the above is if the subsidy had continued Nigeria's revenue would be down to 24% or less.

All Buhari ultimately did was delay the inevitable till after his exit. Which is actually a ceo business strategy. Let the next guy clean up the mess. I will be long gone and it will be someone else's problem

GloriousGbola:


The fg was owing nnpc 2.3 trillion naira in subsidy payments . Nnpc had stopped remitting to the federation account because of this. So what do you think would ultimately have happened if the fg had not removed the subsidy.



All Buhari ultimately did was delay the inevitable till after his exit. Which is actually a ceo business strategy. Let the next guy clean up the mess. I will be long gone and it will be someone else's problem

So you think tinubu is not paying subsidy now?

GloriousGbola:


The fg was owing nnpc 2.3 trillion naira in subsidy payments . Nnpc had stopped remitting to the federation account because of this. So what do you think would ultimately have happened if the fg had not removed the subsidy.



All Buhari ultimately did was delay the inevitable till after his exit. Which is actually a ceo business strategy. Let the next guy clean up the mess. I will be long gone and it will be someone else's problem

Remove subsidy and yet we are paying same subsidy.

Na wah for una o

GloriousGbola:


The fg was owing nnpc 2.3 trillion naira in subsidy payments . Nnpc had stopped remitting to the federation account because of this. So what do you think would ultimately have happened if the fg had not removed the subsidy. All Buhari ultimately did was delay the inevitable till after his exit. Which is actually a ceo business strategy. Let the next guy clean up the mess. I will be long gone and it will be someone else's problem

I thought subsidy probe has been on since God knows when. Does Buhari's job in the past 8 years not involve probing NNPC and outstanding sunsidy payments?

Nigeria is a company that has been under the same management for the past 9 years. No?

LordAdam16:


CNG/LPG is the energy source of choice for transporters in places like India.

You're the one who said there's no ameliorative measure that could be enacted. I suggested one that has been implemented successfully in peer countries and you're asking about the impact. This is one example. How about opening the borders or reducing import duties on essentials for a limited period?

Cumulatively, don't you think these measures would have softened the blow of a subsidy removal?
If I can come up with these, are you trying to tell me that a well-meaning leader can't assemble a panel of experts that'd put together a better plan than sharing rice?

And if you're saying that the best that Tinubu and his "we prepared for 15 years" gang can suggest is sharing of rice, then by all things that's sacred, don't you think they are ill-equipped to pilot the affairs of this nation.

You're British. How many boneheaded decisions did Liz Truss make before she was bundled out?
How about Carol Bartz of Yahoo who was sacked over the phone?

Yet here you are giving the most stupendous excuse in the history of excuses that a confirmed dolt should not be criticized because he plagiarized the manifestos of more capable candidates.

If Nigeria was a private company, will you accept that BS you spewed? A non-performing CEO should not be fired or criticized because his replacement will do no better. In fact, you're cocksure that his replacement will take the exact same stupid decisions in the exact same moronic manner because you're Doctor Strange moonlighting as a finance pro. Where would that fly?

-Lord

This needs to be pasted on the front page..

Incognito9:


So you think tinubu is not paying subsidy now?

The average price of gasoline around the world is 1.29 US Dollars per litre. However, there is a substantial difference in these prices among countries. “As a general rule, richer countries have higher prices while poorer countries and the countries that produce and export oil have significantly lower prices

Do you want a situation where we are paying over n1400 per litre?

GloriousGbola:




Do you want a situation where we are paying over n1400 per litre?

did we pay the n1400 per litre b4 he assumed office?

KingTom:
Akwese eyen eka mi

Ete Yoruba, adi bob oh, ma Abasi.

BlueRayDick:


I thought subsidy probe has been on since God knows when. Does Buhari's job in the past 8 years not involve probing NNPC and outstanding sunsidy payments?

Nigeria is a company that has been under the same management for the past 9 years. No?

We have had the discussion on subsidy over and over.

From 2016 nnpc has been the sole supplier of petrol in Nigeria. The fg stopped the subsidy in 2015 when Saudi crashed the price of oil to kill the US fracking industry. Price of petrol was 100 per litre or thereabouts at the time.

It was a peculiarity, low oil price, low revenue, low petrol price. As oil prices rose, revenue rose and petrol prices rose as well. This is actually when in hindsight Buhari should have bit the bullet and not returned us to subsidy via undercoverry. The pain of subsidy removal would have been behind us and we would have transitioned.

But it is what it is.

GloriousGbola:


We have had the discussion on subsidy over and over.

From 2016 nnpc has been the sole supplier of petrol in Nigeria. The fg stopped the subsidy in 2015 when Saudi crashed the price of oil to kill the US fracking industry. Price of petrol was 100 per litre or thereabouts at the time.

It was a peculiarity, low oil price, low revenue, low petrol price. As oil prices rose, revenue rose and petrol prices rose as well. This is actually when in hindsight Buhari should have bit the bullet and not returned us to subsidy via undercoverry. The pain of subsidy removal would have been behind us and we would have transitioned.

But it is what it is.

So Buhari should've proceeded with subsidy removal irrespective of 2hat anybody says but Jonathan in 2012 shouldn't? Why?

Segedinho:
did we pay the n1400 per litre b4 he assumed office?

1) Nigeria is broke
2) Nigeria has failed to diversify her earnings
3) Nigeria's main fx earner is being eroded due to underproduction and oil theft
4) there are multiple leakages within the system

The above has always been the case but it was cushioned by our earnings. Now our earnings have dropped and nothing can be hidden anymore.

N1400/litre is the average international cost of petrol. So however bad you think things are, they could be worse.

Incognito9:


I believe the analysis on the hard decision is the first thing he had to do before removing the subsidy. That announcement on his inauguration day is characteristics of a reckless leader.

hunger is the worst enemy of man and that's the new reality you're saying people should adjust because he want to form hard man.

I fault that ur statement

There was no analysis for Tinubu to make. He was only copying his opponents’ strong points.

It’s akin to copying an answer in an exam hall, without showing full working. If investigator asks how you arrived at your answer, you go explain tire.

Griffon:


There was no analysis for Tinubu to make. He was only copying his opponents’ strong points.

It’s akin to copying an answer in an exam hall, without showing full working. If investigator asks how you arrived at your answer, you go explain tire.

Short and simple!

His supporters would try to spin it, but it is what it is!

BlueRayDick:


So Buhari should've proceeded with subsidy removal irrespective of 2hat anybody says but Jonathan in 2012 shouldn't? Why?

In 2012,nigeria was earning more than today.

There is a lot of revisionism about the subsidy removal
1) from the chart the subsidy grew by 400% from 2010 to 2011.
2) i remember that at the time moman wrote an open letter complaining about the proliferation of brief case companies that were making subsidy claims.

Simply put under gejs admin the subsidy became a free for all where connected people would supply product on paper and get paid.

When it got out of control, rather than initiate punitve measures gej opted for the lazy way out by removing the subsidy without notice. I remeber it as it was on January 1. You may remember as well because Nigerians who traveled for Xmas were stranded. It was a complete mess and an own goal.

What should have happened is someone should have accounted for a 1.5 trillion increase in a subsidy. Instead gej opted to sweep it under the carpet and pass the fallout to Nigerians without any warning.

LordAdam16:


CNG/LPG is the energy source of choice for transporters in places like India.

You're the one who said there's no ameliorative measure that could be enacted. I suggested one that has been implemented successfully in peer countries and you're asking about the impact. This is one example. How about opening the borders or reducing import duties on essentials for a limited period?

Cumulatively, don't you think these measures would have softened the blow of a subsidy removal?
If I can come up with these, are you trying to tell me that a well-meaning leader can't assemble a panel of experts that'd put together a better plan than sharing rice?

And if you're saying that the best that Tinubu and his "we prepared for 15 years" gang can suggest is sharing of rice, then by all things that's sacred, don't you think they are ill-equipped to pilot the affairs of this nation.

You're British. How many boneheaded decisions did Liz Truss make before she was bundled out?
How about Carol Bartz of Yahoo who was sacked over the phone?

Yet here you are giving the most stupendous excuse in the history of excuses that a confirmed dolt should not be criticized because he plagiarized the manifestos of more capable candidates.

If Nigeria was a private company, will you accept that BS you spewed? A non-performing CEO should not be fired or criticized because his replacement will do no better. In fact, you're cocksure that his replacement will take the exact same stupid decisions in the exact same moronic manner because you're Doctor Strange moonlighting as a finance pro. Where would that fly?

-Lord

💯

Griffon:


There was no analysis for Tinubu to make. He was only copying his opponents’ strong points.

It’s akin to copying an answer in an exam hall, without showing full working. If investigator asks how you arrived at your answer, you go explain tire.

You actually think there is an easy or simple answer that tinubus opponents had? Talk is cheap, especially in an election. More so when the actual state of the economy is obsfucated.

cook fraudibeme that fake kalabari man .

GloriousGbola:


In 2012,nigeria was earning more than today.

There is a lot of revisionism about the subsidy removal
1) from the chart the subsidy grew by 400% from 2010 to 2011.
2) i remember that at the time moman wrote an open letter complaining about the proliferation of brief case companies that were making subsidy claims.

Simply put under gejs admin the subsidy became a free for all where connected people would supply product on paper and get paid.

When it got out of control, rather than initiate punitve measures gej opted for the lazy way out by removing the subsidy without notice. I remeber it as it was on January 1. You may remember as well because Nigerians who traveled for Xmas were stranded. It was a complete mess and an own goal.

What should have happened is someone should have accounted for a 1.5 trillion increase in a subsidy. Instead gej opted to sweep it under the carpet and pass the fallout to Nigerians without any warning.

Tinubu removed subsidy while I was watching his inauguration, before his inauguration speech finished I drove out to look for fuel and all filling station ahd already adjusted their pump & even locked their gates. Is that not worse than removing subsidy during Xmas break?

Have the brief case companies been identified and prosecuted under APC government since 201t when they took over? How many people do u know that have been jailed by APC Govt in the past 9 years for being responsible for.subajdy scam?

It's now looking clear now that APC just came up with a lot of mumbo jumbo just to discredit Jonathan's Govt only for them to gain control and plunge Nigeria further down the abyss of hardship.

GloriousGbola:


You actually think there is an easy or simple answer that tinubus opponents had? Talk is cheap, especially in an election. More so when the actual state of the economy is obsfucated.

You cap so much rubbish with Confidence!

Madam: Tommy I dont want bullshit, people must really believe my father is dead
Tommy: do you want me to cry I have been practising how to cry lately

What kind of guy is this

He's a body guide, chef, plate licker etc
Yet he's stupid 🤣🤣🤣


Cc blueraydick

Incognito9:


I believe the analysis on the hard decision is the first thing he had to do before removing the subsidy. That announcement on his inauguration day is characteristics of a reckless leader.

hunger is the worst enemy of man and that's the new reality you're saying people should adjust because he want to form hard man.

I fault that ur statement

A presidential candidate wanting to be president of an import-dependent country who declared and reprimanded the citizens for worrying about the foreign exchange rates was never going to do any analysis of consequences.

The joke is on his minions who cheered him when he kept dropping distasteful and anti-economic-development takes during the campaigns.

Ibime:


N500 per litre less than before by my estimation.

So are we spending more or less on subsidy now?

BlueRayDick:


It's now looking clear now that APC just came up with a lot of mumbo jumbo just to discredit Jonathan's Govt only for them to gain control and plunge Nigeria further down the abyss of hardship.

So you think subsidy grew from 600m to 2bn in 12months by APC coming up with mumbo jumbo?



So if someone present that chart to you of subsidy growing by 300% in 12months you will say it's APC mumbo jumbo

BlueRayDick:


Short and simple!

His supporters would try to spin it, but it is what it is!

It's what it is that Tinubu copied Obi and Atikus manifesto?

Some things we read sha

Ihebu4chelsea:
You cap so much rubbish with Confidence!

The least you can do is write something coherent.

If that is too much for you to do then please sit in the corner join the copy and paste brigade from Twitter

iamoyindamola:
Madam: Tommy I dont want bullshit, people must really believe my father is dead
Tommy: do you want me to cry I have been practising how to cry lately

What kind of guy is this

He's a body guide, chef, plate licker etc
Yet he's stupid 🤣🤣🤣


Cc blueraydick

Did u see where they used Burnaboy's last last song in season 3 episode 12? I screamed 😁.

Burna big pass anybody for this Nigeria music industry aswear!

BlueRayDick:


Tinubu removed subsidy while I was watching his inauguration, before his inauguration speech finished I drove out to look for fuel and all filling station ahd already adjhsted their pump & evenocked their gates. Is that not worse than removing subsidy during Xmas break?

Have the brief case companies been identified and prosecuted under APC government since 201t when they took over? How many people do u know that have been jailed by APC Govt in the past 9 years for being responsible for.subajdy scam?

It's now looking clear now that APC just came up with a lot of mumbo jumbo just to discredit Jonathan's Govt only for them to gain control and plunge Nigeria further down the abyss of hardship.

https://www.thecable.ng/buhari-petrol-subsidy-will-end-by-2023-its-unsustainable

Buhari had repeatedly said there was no more money to pay for subsidy. The fgs debt to nnpc was in the news before the inauguration. You a numbers guy who is making allowance for inflation in company budget, you actually think tinubu would somehow handwave revenue to pay for subsidy into existence?