Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,153,231 members, 7,818,781 topics. Date: Monday, 06 May 2024 at 03:00 AM |
Nairaland Forum / Nairaland / General / Politics / IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust (33611 Views)
PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu / Cracks Widen In APC Over Tinubu - Daily Trust / APC Primaries: How Odds Favour Tinubu - Daily Trust (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)
IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by ogododo: 8:21am On Feb 14 |
The International Monetary Fund (IMF) has said the Nigerian government has, through the backdoor, resumed the payment of subsidies on the premium motor spirit (PMS), otherwise known as petrol. https://dailytrust.com/imf-confirms-return-of-petrol-subsidy-under-tinubu/#:~:text=The%20IMF%2C%20in%20its%20latest,reversing%20the%20fuel%20subsidy%20removal.%E2%80%9D 2 Likes 1 Share
|
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by immortalcrown(m): 8:24am On Feb 14 |
Unstable people. "Tinubu will handle the economy, Shettima will handle security." Oya nah🤷 271 Likes 25 Shares |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by christistruth01: 8:24am On Feb 14 |
Fake News IMF has no business with FG Economic Policy 18 Likes 9 Shares |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Ogiame: 8:24am On Feb 14 |
Just look at the clown defending Tinubu below me. 267 Likes 19 Shares
|
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by CodeTemplar: 8:24am On Feb 14 |
Before tinubu entered, we paid 0.5 USD official rate per litre and we are paying just around that 0.5 USD right now. The only real policy change as it stands now is floating of Naira which we virtually all agreed on. The complains and focus on Tinubu are largely inspired by political fortune of those rigged out. 18 Likes 10 Shares |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by kenny714433(m): 8:25am On Feb 14 |
Lagos builder on it. The great Tinubulation guys! 186 Likes 13 Shares |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by MrProlific95: 8:28am On Feb 14 |
Hypocrites 8 Likes |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Franklyspeakin: 8:30am On Feb 14 |
Local rappers 3 Likes 3 Shares |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Chicagograduate(m): 8:31am On Feb 14 |
Are citizens of other OPEC countries facing economic hardship due to the natural resources that God gave them like Nigeria? It now seems the crude oil is a curse to Nigerians except the politicians and their associates who feed fat on the people's benefits. 74 Likes 6 Shares |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Jokerman(m): 8:33am On Feb 14 |
So that means the price of petrol will go back to 200 per litre or 150 per litre now? 27 Likes 2 Shares |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by mrvitalis(m): 8:34am On Feb 14 |
CodeTemplar:Before tinubu subsidies were budgeted and everyone is allowed to compete for them Today it's done in secret but nnpc and the APC government keeps denying it 140 Likes 13 Shares |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by CodeTemplar: 8:39am On Feb 14 |
mrvitalis:the subsidy was already programmed to stop a month into tinubu's reign. He merely backdated it by declaring on May 29 that it is "gone for good". 3 Likes 2 Shares |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Jessyjeff: 8:39am On Feb 14 |
We have known this fact since September last year. It was an ill - thought action by Tinubu. His government seem confused. Policy flip flopping almost every week. The result? Ebi npiawa azu as the new normal in Nigeria. 42 Likes 3 Shares |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by mrvitalis(m): 8:41am On Feb 14 |
The issue with IMF and WORLD BANK is they assume African leaders are smart You are telling them to remove subsidies they would remove subsidies and use the money saved to build bridges , roads, airports and unneeded feel good projects This is is how obi said float the naira and they floated an unstable currency, without defined market forces and turned around to say this is what obi said Talk to them like u are talking to kids 1) remove subsidies 2) use the money to invest in your people by provided cheap credit for banks to give to people in identified area of comparative advantage 3) comparative advantage is things you can produce cheaper n more efficient than majority of the world 4) they them infrastructure to be invested in now are key fundamental n needed infrastructure not wanted ones 68 Likes 7 Shares |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by mrvitalis(m): 8:42am On Feb 14 |
CodeTemplar:So when he told nnpc to start selling at a lose why not present a supplementary budget to cover it 14 Likes 3 Shares |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by CodeTemplar: 8:44am On Feb 14 |
Jokerman:it remains 0.5 USD official forex rate it was before Tinubu declared that "subsidy is gone for good". Only floating of Naira is what he has effected. Out of oversabi attitude, he destroyed his own reputation as the cause of inflation. He could have just said, Naira is hereby floated on that May 29 speech and we will still be buying petrol at around N700-N750 which half the official rate of one USD today. The man is no where as savvy as his asslickers make him look here. 14 Likes 2 Shares |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by agulion: 8:46am On Feb 14 |
Tinubu is a very wicked man 41 Likes 1 Share |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by SalamRushdie: 8:46am On Feb 14 |
He has been paying 3 times the subsidy for the past 6 months 11 Likes 2 Shares |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by CodeTemplar: 8:46am On Feb 14 |
mrvitalis:when was that exactly? |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by NzogbuNzogbu: 8:49am On Feb 14 |
christistruth01:does it make sense to you that naira is crashing against everything but only fuel is staying at -#650 miraculously Tinubu is paying subsidy but why his own subsidy is now still more expensive than the previous govt is what we don't understand Wetin be dey use our money do no evidence 63 Likes 6 Shares |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by mrvitalis(m): 8:52am On Feb 14 |
CodeTemplar:Obviously when diesel n kero prices increased n petrol remaind the same 8 Likes |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by marenkurz: 8:55am On Feb 14 |
Tinubu took IMF advice because he planned to ask for debt forgiveness. Now that he has rescinded on the approach. He also needs to defend naira. The inflation is getting out of hand. 25 Likes 1 Share |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by ogododo: 9:16am On Feb 14 |
Nlfpmod, why our presido shouted subsidy is gone, when dem dey pay subsidy |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by NinjaMetahuman: 9:16am On Feb 14 |
Another fake news and headline from Nigerian media. Where will the subsidy money that is not in the budget come from? Imf pocket? Or Tinubu's pocket? When will these fake news merchants write more believable fake news self. Nnpc usually have plenty petrol stored. They likely got the fuel when the official rate was around 899-1000. Someone should remind these fake news merchants that naira got devalued more just less than 2 weeks ago and the reality of that won't reflect on the market for at least another month or so. Besides, fuel is not capped anywhere. Some are selling at 670, while some are selling at 640 and it's different from state compared to what we used to have when there is subsidy. 1 Like 1 Share |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Beautifulday: 9:19am On Feb 14 |
christistruth01: You think IMF will borrow you money without clear correct financial data from you? Dey play 30 Likes 2 Shares |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Savedday2: 9:20am On Feb 14 |
You don't need to be told , that the simple truth but the government won't admit to it. Tinubu have no choice, if not the hunger will be unbearable. 17 Likes |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Beautifulday: 9:20am On Feb 14 |
NinjaMetahuman: Have you ever seen subsidy money in Nigerian budget since Buhari era? 7 Likes 1 Share |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by NinjaMetahuman: 9:22am On Feb 14 |
Beautifulday:yes If it's not in the budget, it's a crime. Because you are not interested in reading about it doesn't mean it doesn't exist. 3 Likes 1 Share |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Beautifulday: 9:24am On Feb 14 |
NinjaMetahuman: Show us in the budgets 7 Likes 2 Shares |
Re: IMF Confirms Return Of Petrol Subsidy Under Tinubu - Daily Trust by Ttipsy(f): 9:27am On Feb 14 |
mrvitalis:what’s stopping us from having a functioning refinery? 2 Likes 1 Share |
(1) (2) (3) (4) (5) (6) (7) (Reply)
Lagos Purchases Stone Laying Machines To Enhance Road Construction - Photos / Bola Tinubu, Femi Gbajabiamila And Sanwo-Olu At Tafsir For Lagos (Photos) / President Buhari States Reason Why He Was Removed From Office In 1985
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 49 |