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What Will Happen If Tinubu Removes Fuel Subsidy? - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsWhat Will Happen If Tinubu Removes Fuel Subsidy? (1221 Views)

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What Will Happen If Tinubu Removes Fuel Subsidy? by makemoneywbsite(op): 4:27pm On Feb 16, 2024
I just wonder...

Since subsidy was (removed) but not removed. what will happen if Tinubu truly removes subsidy on petroleum products since it seems to have not been removed despite "Subsidy is gone?"


And why doesn't Tinubu want to remove fuel subsidy even though he removed it? Will Tinubu be bold enough to continue paying subsidy despite removing subsidy?

Will Tinubu also introduce food subsidy after removing (?) petroleum subsidy?

Which of the subsidies has Tinubu removed and which one is he paying?
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by atiku4President(m): 4:28pm On Feb 16, 2024
Another one?
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by smileyoo: 4:51pm On Feb 16, 2024
Am just tired about this man- tinubu style of leadership, because everything is totally confusing in Nigeria right now.
Subsidy is gone or removed yet there is still subsidy, infact double increase in subsidy payments according to report.
So what is the reason and benefits of hastily removing subsidy on your inauguration day, without wider consultation ?
What becomes of the lofty promises made to Nigerians, due to subsidy removal ?
What could be the next set of promises to Nigerians by this tinubu government to revive their so-called renewed hope agenda, which presently look like renewed hopelessness agenda ?
Hope this man is not doing a more better job of destroying Nigeria, than rebuilding Nigeria ?
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by Bullfallo(m): 4:58pm On Feb 16, 2024
Buhari remove subsidy 3 times. But the inflation always caught up with it. He removed the subsidy but inflation is caught inflation up with it. Subsidy cannot be removed and you are still fixing price it doesn’t work like that.

Tinubu has destroyed Nigeria beyond redemption or what buhari left us.

Nigeria will never be the same again. It look like the end of Nigeria has come. Any upraising will divide Nigeria
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by infofta(m): 6:19pm On Feb 16, 2024
Remove subsidy when naira is on a free fall against the dollar. You are not aware you import fuel. You will buy petrol for N2,000 per liter
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by Savedday2: 7:45pm On Feb 16, 2024
I strongly believe this government is seriously confused.

My simple take!
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by makemoneywbsite(op): 10:03pm On Feb 16, 2024
Savedday2:
I strongly believe this government is seriously confused.

My simple take!
I think they know what theyt're d*oing. N**igeria**ns will just s**uff*e**r* **************fo*r* *a ***f*e**w** **d*e***c*a****d*e**s** *the**n sta*r**t enjoying
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by worldclass68(m): 10:18pm On Feb 16, 2024
With the current situation of naira, if 100% subsidy is removed on fuel....lol a liter would be sold for 2k or above.. cuz Nigeria exports crude oil through (OPEC)
If I'm right, then we import fuel from other countries because the refineries aren't working here...(shame on the govt).... past administrations were paying subsidies on fuel and also paying subsidy to peg Naira against dollar...

And they want to remove subsidy on Electricity too lol.....
Well according to Tinubu, this is just the baby step of pains, and by the time we enter teenage steps of pain hen...... so brace up fellas... grin
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by Kushites: 10:57pm On Feb 16, 2024
makemoneywbsite:
I just wonder...

Since subsidy was (removed) but not removed. what will happen if Tinubu truly removes subsidy on petroleum products since it seems to have not been removed despite "Subsidy is gone?"


And why doesn't Tinubu want to remove fuel subsidy even though he removed it? Will Tinubu be bold enough to continue paying subsidy despite removing subsidy?

Will Tinubu also introduce food subsidy after removing (?) petroleum subsidy?

Which of the subsidies has Tinubu removed and which one is he paying?
If we restart fuel subsidies, we will have to borrow 15 BILLION DOLLARS to pay for it.

Last year we borrowed 11 BILLION DOLLARS to pay for subsidies.

The year before that we borrowed 10 BILLION DOLLARS.

By demanding subsidies, you are basically telling your kids and grandkids to take the can for your IDIOCIES in this generation.

After all these billions of dollars have to be paid back.
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by makemoneywbsite(op): 11:16pm On Feb 16, 2024
Kushites:
If we restart fuel subsidies, we will have to borrow 15 BILLION DOLLARS to pay for it.

Last year we borrowed 11 BILLION DOLLARS to pay for subsidies.

The year before that we borrowed 10 BILLION DOLLARS.

By demanding subsidies, you are basically telling your kids and grandkids to take the can for your IDIOCIES in this generation.

After all these billions of dollars have to be paid back.


But the looting and relooting is windfall ba? Only masses pay for the idiocy of crooked Nigerian politician ba?
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by Kushites: 11:22pm On Feb 16, 2024
^^How does borrowing extra 15 billion dollars a year solve looting if you care about looting?

If you want to end looting, find a way to end it that doesn't impoverish your grandkids.

Or maybe you only think of your own belly like those politicians you condemn?

Come to think of it, if any of you noisemakers got a political appointment today, say Oil minister, I mean, you would turn STINKING RICH overnight.

You'll ''graduate'' from NAIRALAND and start to roll with top dogs.

Corrupt idiots forming saint.

JUST GTFOH!
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by makemoneywbsite(op): 11:32pm On Feb 16, 2024
infofta:
Remove subsidy when naira is on a free fall against the dollar. You are not aware you import fuel. You will buy petrol for N2,000 per liter
What will happen when they no longer have money to pay the subsidy and no one agrees to borrow them more money since it's obvious they're secretly paying even more subsidy than when Mr Tinubu grabbed power?
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by makemoneywbsite(op): 11:37pm On Feb 16, 2024
Kushites:
^^How does borrowing extra 15 billion dollars a year solve looting if you care about looting?

If you want to end looting, find a way to end it that doesn't impoverish your grandkids.

Or maybe you only think of your own belly like those politicians you condemn?
So your idea of good policy is mouthing removal of subsidy , only to reintroduce it through the backdoor because you're too hypocritical to admit to the populace that you have no answers to their leadership needs? Is what this government making sense to you who believe the nonsense subsidy removal they claim? What happens when every borrower becomes aware of the policyinconsistency and that this is a country that could default on its laon due to inability to articulate simple issues such that ensure that books are balanced? What happens ehen no one is willing to lend this government more money since it's neither defending the naira or effectively defending the masses?
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by Kushites: 11:57pm On Feb 16, 2024
makemoneywbsite:
So your idea of good policy is mouthing removal of subsidy , only to reintroduce it through the backdoor because you're too hypocritical to admit to the populace that you have no answers to their leadership needs?
Undue emotionalism and rhetoric here...

Is what this government making sense to you who believe the nonsense subsidy removal they claim? What happens when every borrower becomes aware of the policy inconsistency and that this is a country that could default on its laon due to inability to articulate simple issues such that ensure that books are balanced? What happens when no one is willing to lend this government more money since it's neither defending the naira or effectively defending the masses?
I really don't see what this has to do with us borrowing 15 BILLION DOLLARS for subsidies.

If you have evidence the Tinubu govt has borrowed such amount, or even close to it, to pay subsidies, show us.
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by makemoneywbsite(op): 12:11am On Feb 17, 2024
Kushites:
Undue emotionalism and rhetoric here...



I really don't see what this has to do with us borrowing 15 BILLION DOLLARS for subsidies.

If you have evidence the Tinubu govt has borrowed such amount, or even close to it, to pay subsidies, show us.
https://punchng.com/senate-approves-tinubus-request-to-borrow-7-8bn-e100m/#:~:text=The%20Senate%20has%20approved%20President,Foreign%20Debt%20during%20Saturday's%20plenary.

https://www.thecable.ng/tinubu-asks-nassembly-to-approve-8-6bn-e100m-in-fgs-borrowing-plan

Also ask for evidence of the looting and relooting plan.
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by Sirianese: 12:18am On Feb 17, 2024
makemoneywbsite:
I just wonder...

Since subsidy was (removed) but not removed. what will happen if Tinubu truly removes subsidy on petroleum products since it seems to have not been removed despite "Subsidy is gone?"


And why doesn't Tinubu want to remove fuel subsidy even though he removed it? Will Tinubu be bold enough to continue paying subsidy despite removing subsidy?

Will Tinubu also introduce food subsidy after removing (?) petroleum subsidy?

Which of the subsidies has Tinubu removed and which one is he paying?
Shebi you fools said he had removed it already? He said the same thing too?

Imbéciles
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by makemoneywbsite(op): 12:25am On Feb 17, 2024
Sirianese:
Shebi you fools said he had removed it already? He said the same thing too?

Imbéciles
Easy... to prevent high BP. We only said he removed to reintroduce through the back door to deceive his zonebees
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by Kushites: 12:33am On Feb 17, 2024
makemoneywbsite:
https://punchng.com/senate-approves-tinubus-request-to-borrow-7-8bn-e100m/#:~:text=The%20Senate%20has%20approved%20President,Foreign%20Debt%20during%20Saturday's%20plenary.

https://www.thecable.ng/tinubu-asks-nassembly-to-approve-8-6bn-e100m-in-fgs-borrowing-plan

Also ask for evidence of the looting and relooting plan.
Look at this CROOK.

The link you posted did not say he's borrowing the money to pay subsidy!!!

''The president said the projects in the borrowing plan cut across all sectors with “specific emphasis on infrastructure, agriculture, health, education, water supply, growth, security and employment generation, as well as financial management reforms, among others”.

“Following the removal of the fuel subsidy and its attendant impact on our economy, the African Development Bank (AfDB) and the World Bank Group (WBG) have indicated interest in assisting the country to mitigate the impact with the sum of USD billion and USD 1.5 billion, respectively, in addition to the FEC approved 2022-2024 external abridged borrowing (rolling) plan,” the letter reads.''


https://www.thecable.ng/tinubu-asks-nassembly-to-approve-8-6bn-e100m-in-fgs-borrowing-plan

JIBITI MAN! angry
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by being(m): 12:34am On Feb 17, 2024
Is there really subsidy to start with ?
What u call subsidy due to high fx rate or high crude oil price is what the govt already made in revenue by exporting crude at same high oil price and selling dollars! It's basically in and out with d out part being d subsidy part. Subsidy exists accounting wise, but in real terms there is nothing like subsidy...
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by makemoneywbsite(op): 12:42am On Feb 17, 2024
Kushites:
Look at this CROOK.

The link you posted did not say he's borrowing the money to pay subsidy!!!

''The president said the projects in the borrowing plan cut across all sectors with “specific emphasis on infrastructure, agriculture, health, education, water supply, growth, security and employment generation, as well as financial management reforms, among others”.

“Following the removal of the fuel subsidy and its attendant impact on our economy, the African Development Bank (AfDB) and the World Bank Group (WBG) have indicated interest in assisting the country to mitigate the impact with the sum of USD billion and USD 1.5 billion, respectively, in addition to the FEC approved 2022-2024 external abridged borrowing (rolling) plan,” the letter reads.''


https://www.thecable.ng/tinubu-asks-nassembly-to-approve-8-6bn-e100m-in-fgs-borrowing-plan

JIBITI MAN! angry
So if you steal from joe to replace what you stole from Jane, it's not stealing ba?
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by Sirianese: 2:51am On Feb 17, 2024
makemoneywbsite:
Easy... to prevent high BP. We only said he removed to reintroduce through the back door to deceive his zonebees
Well I'd rather die of high BP than continue here as a slave of these ego-driven retard junkies running Nigeria to the ground
Re: What Will Happen If Tinubu Removes Fuel Subsidy? by makemoneywbsite(op): 8:19pm On Feb 17, 2024
Sirianese:
Well I'd rather die of high BP than continue here as a slave of these ego-driven retard junkies running Nigeria to the ground
Ther's hope. Just hang on. You never know if a tsunami would sweep them all away...
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