Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly - Politics (2)

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Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly (9161 Views)

Civil Servants Demand N907,000 Minimum Wage, Give Reasons / Rising Crude Price Pushes Petrol Subsidy To ₦16 Billion Per Day / Kyari: FG Will Divert ₦457 Billion Petrol Subsidy To Other Sectors (2) (3) (4)

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Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by obailala(m): 12:03pm On Feb 15

Over N900 billion a month?... shocked

Thats over N10 trillion annually shocked

The economy has really spiralled out of control. May Zimbabwe or Venezuela not happen to us.... undecided

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by Kelvin5214: 12:04pm On Feb 15

“Recruit 5million Nigerian youths into the army.. what they willl eat, cassava, agbado, enimorin, yam in the morning, beans in the afternoon.”
Sooo Where the recruitment dey? Where the agbado dey?, enimorin nko or yam in the afternoon
Thy people will suffer no be small

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by surgical: 12:06pm On Feb 15

crossfm:
Hehehe.

The man who built Dubai,China,Indonesia, London and finally Lagos is finding it difficult to build Nigeria .

It's not his fault, building materials is now very expensive,so it's quite difficult to build anything these days.

After all the shouting, "subsidy is gone, subsidy is gone", now look at the story we are hearing.

lies has expiry date my brother

1 Like

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by obailala(m): 12:06pm On Feb 15

Kelvin5214:
“Recruit 5million Nigerian youths into the army.. what they willl eat, cassava, agbado, enimorin, yam in the morning, beans in the afternoon.”
Sooo Where the recruitment dey? Where the agbado dey?, enimorin nko or yam in the afternoon
Thy people will suffer no be small

50 million youths...

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by obinna58(m): 12:06pm On Feb 15

When you let a foreign currency control your economy, what do you expect?

1 Like

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by coputa(m): 12:06pm On Feb 15

malali:
We had subsidy for over 50 years.

The year Dangote built a refinery, subsidy was removed.

Not completely

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by YourKarma: 12:07pm On Feb 15

PureFace1:
Nigeria no longer have money to keep defending the naira.

Even If Atiku or Obi was the one there we would be going through the same shit right now.

You sef know say na bullshit you dey yarn, but continue

1 Like

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by cucumbar: 12:08pm On Feb 15

treesun:

https://guardian.ng/news/forex-crisis-pushes-petrol-subsidy-to-n907-5b-monthly/

Yes o, let them pay subsidy… after all, they have widened the tax net and are still widening it.

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by BrodaBenad: 12:09pm On Feb 15

SO SUBSIDY WASN'T REMOVED?
This people eh cheesy

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by jumper524(m): 12:11pm On Feb 15

So many cabals are very unhappy with the subsidy removal, buhari tried and failed, tinubu has failed too, what on earth is going on. the portharcourt refinery is still a mirage, dangote own na no go area.
guess we need to ngo off books..

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by Blazebond(m): 12:11pm On Feb 15

Stevenson20:
One weyrey just opened his mouth on national TV and shouted Subsidy is gone without putting things in place to withstand the effect.

The same weyrey no even believe in subsidy when he was not in the corridors of power.
With the way things are going, Dollar will reach ₦2000 per dollar before middle of this year.

We warned you all about the fake Chicago graduate but you people called us unprintable names, now see where we are today because of tribalism and religion.
Enjoy your renewed shege Banza in peace

What would your obi have done? Nor be to dey cry for here everyday,what would your fraud obi had done differently,na bitterness go destroy una,obi will never ever smell the presidency,una go cry tire.

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by coputa(m): 12:11pm On Feb 15

obinna58:
When you let a foreign currency control your economy, what do you expect?

Nigeria can't do otherwise given the clueless governments she had over the years

Nigeria is a developing country, without any technological break through, so she must depend on foreign support for survival

Successive government lacks foresight to retuned the economy

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by Blaze14k: 12:11pm On Feb 15

I thought tinubu said there's no going on fuel subsidy

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by RepoMan007: 12:12pm On Feb 15

Govt should hand off the subsidy and focus on food & industries.

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by FireUpNow(m): 12:13pm On Feb 15

malali:
We had subsidy for over 50 years.

The year Dangote built a refinery, subsidy was removed.

Na game plan and gang up

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by mikeapollo: 12:13pm On Feb 15

marenkurz:
I'm no fan of Tinubu. However, he should thread carefully. I hope he surround himself with trusted people, people that will die to defend his life.
Some bastard might be gunning for his life.

Tinubu remain the president, wait for the next election circle if you're unhappy with him.

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by BrodaBenad: 12:13pm On Feb 15

Blaze14k:
I thought tinubu said there's no going on fuel subsidy

You dey mind that gbajue iragbijii fraud

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by surgical: 12:14pm On Feb 15

PureFace1:
Nigeria no longer have money to keep defending the naira.

Even If Atiku or Obi was the one there we would be going through the same shit right now.

you are an illiterate, defending the naira against, who or what, they will just give you guys words to be marketing about ,you will not ask for proper understanding so you can know how to go about it, without disgracing your self or sound stupid
Your Tinubu went about the whole thing like a drunk,without proper thought, no amount of propaganda, lies,white wash can make him look good again except you guys are just deceiving your self,the people are feeling it everywhere words alone ,stories like you and your ilk are saying about can not enter anyone ear
You are on your own

2 Likes

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by jaxxy(m): 12:15pm On Feb 15

This government lacks basic economics 101 or dey are confused.

If subsidy has been removed petrol prices shouldn't be static bt fluctuate up and down based on market forces..

As it stands fuel price should be close to 1000 naira per litre.

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by nedekid: 12:17pm On Feb 15

RepoMan007:
Solid 75% of news in politics section is centred around cost of living crisis.

Is that what is currently of uttermost importance to Nigerians? What else should it be centered on? Who won elections in jigawa? undecided

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by obesse: 12:17pm On Feb 15

Blazebond:

What would your obi have done? Nor be to dey cry for here everyday,what would your fraud obi had done differently,na bitterness go destroy una,obi will never ever smell the presidency,una go cry tire.

Ronu o!

2 Likes

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by mikeapollo: 12:19pm On Feb 15

marenkurz:
I'm no fan of Tinubu. However, he should thread carefully. I hope he surround himself with trusted people, people that will die to defend his life.
Some bastard might be gunning for his life.

Tinubu remain the president, wait for the next election circle if you're unhappy with him.

Tinubu himself is clueless and thoughtless!
I got to know how reckless he is when he said '' subsidy is gone'' on the day he was being inaugurated and sworn in as president, when he had not occupied the office to even scrutinize and examine any records to fashion out how to proceed.
On what basis was the subsidy removed? What was/is the main cause of the so-called ''subsidy''?
The answer is: the exchange rate!
So how do you then increase the price of petrol and say you have removed subsidy for ever, but you go back and devalue the naira by adopting a floating exchange rate?
It shows his government is clueless and only implementing trial and error policies!

2 Likes

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by Savedday2: 12:19pm On Feb 15

I don't really blame Tinubu to an extent, but largely blame him for the hasty removal of subsidy and float the naira at the same time without plans.

The problem with our politicians is that, they just act, without considering the short term, mid term and long term effects of their actions.

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by baralatie(m): 12:19pm On Feb 15

Meanwhile nnpcl is there sending report with open eye

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by PureFace1(m): 12:20pm On Feb 15

surgical:
you are an illiterate, defending the naira against, who or what, they will just give you guys words to be marketing about ,you will not ask for proper understanding so you can know how to go about it, without disgracing your self or sound stupid
Your Tinubu went about the whole thing like a drunk,without proper thought, no amount of propaganda, lies,white wash can make him look good again except you guys are just deceiving your self,the people are feeling it everywhere words alone ,stories like you and your ilk are saying about can not enter anyone ear
You are on your own

Illiterate like you calling someone more intelligent than you illiterate, so ironic. Idiot like you that don't even understand what defending the naira against the dollar mean.

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by tuoyoojo(m): 12:21pm On Feb 15

We refused to be tricked again

Nigerians are not against subsidy but what are the gains so far with the subsidy removal.

We are too aware that it's only those in government that subsidy benefits. They have everything to gain and nothing to lose

How have our lives become better since they increased fuel from 97 to 670

They said they have saved money. Where is the money. What has the money achieved and how has it made our lives better

If I cannot see anything they have achieved, pls let the subsidy continue because any attempt to increased fuel price.....uhm.!!!!

I rest my case

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by coputa(m): 12:22pm On Feb 15

iwaeda:

APC lied about removing subsidy through unguided words of Tinubu and put the country in hardship, yet the subsidy Tinubu claimed he has received is still being paid. Yet their nappers will be putting mouth to what they can comprehend.

Fuel Subsidy was removed, but not completely,the recent free fall of the naira against the dollar is affecting the price

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by Akwamkpuruamu: 12:26pm On Feb 15

marenkurz:
I'm no fan of Tinubu. However, he should thread carefully. I hope he surround himself with trusted people, people that will die to defend his life.
Some bastard might be gunning for his life.

Tinubu remain the president, wait for the next election circle if you're unhappy with him.

Nobody is unhappy with Tinubu. For the first time I will be voting for him in 2027. So he has to continue the destruction of Nigeria

1 Like

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by ambale(m): 12:26pm On Feb 15

ajimo54:

What do Nigerians really want? Nigerians really want Nigeria to end abruptly! Subsidy removed, you groan! subsidy partly retained u groan! Na u dey complain of hike in all costs of things! Diesel is 1400 u dey cry! Electricity is still being subsidized and u complain is much? What if the subsidy is removed? I lose trust in Nigerians! You don't knw what u want!

So na Nigerians be the problem again?

God be with you ooo

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by ogaontop(m): 12:26pm On Feb 15

EKONGKING:
Petrol is cheaper in Nigeria than in neighbouring countries even if it is sold for 1200 naira.

When you quote the price of PMS in those countries, don't fail to also compare the purchasing power of their currencies, minimum wage and other amenities!

2 Likes 1 Share

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by ambale(m): 12:27pm On Feb 15

PureFace1:
Nigeria no longer have money to keep defending the naira.

Even If Atiku or Obi was the one there we would be going through the same shit right now.

Did you read the report before concluding this?

Re: Forex Crisis Pushes Petrol Subsidy To N907.5b Monthly by Akwamkpuruamu: 12:28pm On Feb 15

PureFace1:
Nigeria no longer have money to keep defending the naira.

Even If Atiku or Obi was the one there we would be going through the same shit right now.

Rantings of an agbadorian

1 Like

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