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New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill - Politics (3) - Nairaland

Nairaland ForumNairaland GeneralPoliticsNew Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill (15695 Views)

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Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by LordIsaac(m): 2:49pm On Jun 05, 2024
I thought “subsidy is gone” as proclaimed by Jagaban the Great?😊
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by 43Ronin: 2:49pm On Jun 05, 2024
Very clueless and useless govt. Such a disgrace to their clan thay used to be revered as being intelligent especially as OBJ did a fine job
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by Alanzazani: 2:50pm On Jun 05, 2024
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by Alanzazani: 2:50pm On Jun 05, 2024
Very dumb people at the helm of affairs
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by Seunpapa65: 2:50pm On Jun 05, 2024
He built Lagos
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by Opinedecandid(m): 2:51pm On Jun 05, 2024
reiddecuti:
Don't know why Tinubu was so dump to pronounce subsidy gone without even sitting on the sit not to talk of forming a cabinet.

Knowing quit well that energy (in this case electricity, diesel and PMS) drives Nigeria economy, with all his sophisticated 1st class in Economics and no Accounting, he pronounced subsidy gone.

It showed how daft he is, even Buhari with NEPA certificate is smarter, intelligent than him.

Tinubu have succeeded in killing the economy. Whoever that believe he'll turn some magic wand to revive the economy must get his brain examined.
That pronouncement was his first and most grievous mistake. It will continue to have far reaching consequences on his government.

No one takes inforned decision without being informed.
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by JAMANZE: 2:51pm On Jun 05, 2024
Tinubu Otilo
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by Lovenorth: 2:51pm On Jun 05, 2024
No matter the amount whose father money is being used to settle it?
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by imbless: 2:52pm On Jun 05, 2024
So after the hardship Tinubu put Nigerians through because of subsidy removal and also hyper inflation subsidy removal caused, prices of goods and commodities are yet to come down even after they reintroduced subsidy, can you all see how incompetent and inept Tinubu and this APC administration is?

A true definition of ineptitude and incompetence is when a president removes fuel subsidy and float it currency the same period, without putting in consideration the economic implications this could cause.
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by onuman: 2:52pm On Jun 05, 2024
Deepthoughts:
what do you expect from a third party vendor 1st class?
Not even a president with a PASS degree certificate can think of pronouncing fuel subsidy gone on his first day of office without consulting ministers and advisers, without first providing paliative measures; and quickly follows up with floating the Naira against the Dollar. Puaaah!
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by coolest01(m):
I dey wait for PO's comment on this topic make people like "believeintruth" fit sleep well and defend the man with all their might.
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by ChybuzzDD(m): 3:04pm On Jun 05, 2024
AqualinaXYZ:
Awom subsidy is gone forever

Tinubu is very useless
grin
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by lincoln08541(m): 3:09pm On Jun 05, 2024
This man is the worst finance minister ever in the history of our nation
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by Bullfallo(m): 3:15pm On Jun 05, 2024
careidon:
They should use it to import food that the govt itself will SELL at subsidize rates...or allow the public import themselves duty free for 1yr.

Start mechanized farms.

And finish up the refineries

Repackage the SME loans to rekindle productivity as the Banks will forever be unserious no matter how go your idea is (they deal only on short terms and growing new businesses is a long term thing)
what you guys don’t know is that the naira have lost value so much that importing from surrounding countries is no longer cheap.

1000 naira was about 4000 cfa some years ago. But I000 cfa is about 3000 naira
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by Johncuppa(m): 3:18pm On Jun 05, 2024
bixton:
A very trial and error economic team.
You can't give what you don't have. That's a fact.
It's only in Nigeria that people with good resumes from the private sector can't offer much when they are brought into government funded institutions to bring about that needed expertise knowledge and positive turnaround.
You cannot blame those people.
How can you bring in people to come and achieve for you something you cannot envisage yourself?
If you cannot be bold to discuss what you want, you cannot expect others to help you build it.
What was the vision? what was the plan?
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by Lanruze: 3:20pm On Jun 05, 2024
Government still pays fuel subsidy obviously.

What has been removed is the corruption and Cabal from benefiting from the fraud which plagued the Subsidy regime of the past.

Government doesn't need to be secretive about this as it is super obvious.

Indeed " Subsidy is gone !'' lol !!!
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by Zagee: 3:21pm On Jun 05, 2024
What will happen if you factor in that 5.4 trillion into a reasonable response on wage against the expected increase. Be very deliberate and diligent with the Agric sector by boosting reserves and having sufficient quantity to control food inflation. Why must we resolve to that amount on "Fuel subsidy" alone?
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by Bullfallo(m):
I didn’t blame tinubu for announcing subsidy gone. That could have been corrected by his stewardships. But i was surprised they all praised him for the bold step. Oshiomhole was at the far front. Even when the Vice President was advising them to pay partial subsidy they said no. This government will not be part of subsidy. Rather they came up with palliatives to cushion the effects. It was then I know these guys don’t even know what they are doing. But they called us names.
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by ChybuzzDD(m): 3:26pm On Jun 05, 2024
Omoawoke:
One step forward, 5 steps backward

The people holding Nigeria hostage did a good one

An oil producing country spending so much on subsidy. Its unthinkable. What happens to having a government functioning refinery? Is there a crime if Nigeria refine its own crude oil? Is there a crime if Nigeria have the biggest functioning refineries in Africa and biggest upstream and downstream sector in Africa.

Nigeria should be the one controlling the entire Africa and setting the pace. Nigeria should be the top destination of all Africans for good jobs and a quality standard of living
Accurately deposited.
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by bixton(m): 3:27pm On Jun 05, 2024
Johncuppa:
You cannot blame those people.
How can you bring in people to come and achieve for you something you cannot envisage yourself?
If you cannot be bold to discuss what you want, you cannot expect others to help you build it.
What was the vision? what was the plan?
You want me to believe that PBAT does not envisage what he wants.
Well I find that ridiculous.
I'm sure every appointment comes with a portfolio and specific job functions prepared and handed to them. It might be streamlined or ambiguous.
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by ChybuzzDD(m): 3:30pm On Jun 05, 2024
Toluwanise247:
Do you know that, this your comment can land you in trouble
Get out, you ass-licking sychophant
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by Lithiumite: 3:33pm On Jun 05, 2024
reiddecuti:
Don't know why Tinubu was so dump to pronounce subsidy gone without even sitting on the sit not to talk of forming a cabinet.

Knowing quit well that energy (in this case electricity, diesel and PMS) drives Nigeria economy, with all his sophisticated 1st class in Economics and no Accounting, he pronounced subsidy gone.

It showed how daft he is, even Buhari with NEPA certificate is smarter, intelligent than him.

Tinubu have succeeded in killing the economy. Whoever that believe he'll turn some magic wand to revive the economy must get his brain examined.
Subsidy removal isn't the major reason for the inflation we are all facing right now..... transportation cost across board only averaged about 50% increments above board and diesel had always been subsidy exempt.

Nigeria is facing acute food shortages due to several factors that subsidy removal isn't a direct cause.....we are still not addressing the real problem of food insecurity. Due to lack of adequate investment in agriculture over decades,herder farmer crises, unmitigated rural urban migration,lack of development and industrialisation in in the agric sector etc.....this are the real problems....we can't feed ourselves that's purely the problem and it's so sad that this govt isn't doing enough or anything at all to stem the tide of hunger in the land.....it will only get worse.
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by Johncuppa(m): 3:42pm On Jun 05, 2024
bixton:
You want me to believe that PBAT does not envisage what he wants.
Well I find that ridiculous.
I'm sure every appointment comes with a portfolio and specific job functions prepared and handed to them. It might be streamlined or ambiguous.
Nigeria's problems as at today are in the policies made by this administration.
And Tinubu is solely responsible for any policy biting on Nigerians.
It is not too difficult to change any appointment you made that is not meant to be.
People didn't vote for ministers or economy recovery team, they voted in Mr President.
Asiwaju should display his ingenuity they claimed he used to build Lagos
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by Vins4040: 3:43pm On Jun 05, 2024
Ap.c government are confused
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by OlatunjiJohn(m): 3:51pm On Jun 05, 2024
Parable007:
If I say I understand what this man wrote in lying. Question are they bringing subsidy back or not?
To be very truthful one of the biggest mistake the govt will do is to increase minimum wage above 100k. Not because I don't want an increase in pay for workers but the side effect will be too much for us to bear
1. Too much money in circulation which will lead to inflation
2. Prices of goods and services will also rise.

So the solution first is to make life easy for Nigerian by returning the subsidies on Petrol and electricity. That's one of the few things that we all enjoy being a Nigerian. It was the removal of the subsidy that led to all these problems.
Return the subsidies and reopen the borders properly again.
If you are change something and it's not working go back to what works
You are shallow. I pray that condition that will allow your entire family depend on 33k happens to you. You be idiots. Read what you typed and consider the suffering of the masses.
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by Nice2023(m): 3:53pm On Jun 05, 2024
helinues:
Toh
Anytime u make this kind of exclamation,I know u are up to something.

Confused man.
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by Digmygold: 3:58pm On Jun 05, 2024
reiddecuti:
Don't know why Tinubu was so dump to pronounce subsidy gone without even sitting on the sit not to talk of forming a cabinet.

Knowing quit well that energy (in this case electricity, diesel and PMS) drives Nigeria economy, with all his sophisticated 1st class in Economics and no Accounting, he pronounced subsidy gone.

It showed how daft he is, even Buhari with NEPA certificate is smarter, intelligent than him.

Tinubu have succeeded in killing the economy. Whoever that believe he'll turn some magic wand to revive the economy must get his brain examined.
He doesn't give a damn about the economy. He only cares about his bank account balance in dollars.
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by Digmygold: 3:59pm On Jun 05, 2024
Toluwanise247:
Do you know that, this your comment can land you in trouble
Trouble for what? We are in a Democracy not Military Rule. Freedom of speech and opinion.
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by Digmygold: 4:02pm On Jun 05, 2024
OlatunjiJohn:
You are shallow. I pray that condition that will allow your entire family depend on 33k happens to you. You be idiots. Read what you typed and consider the suffering of the masses.
Once minimum wage is reviewed upwards. Massive retrenchment will be next. Tinubu the Maradonna will keep fooling the senseless ones.
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by NeckingNgulping(m): 4:28pm On Jun 05, 2024
Toluwanise247:
Do you know that, this your comment can land you in trouble
Do you know that the Tinubu induced hunger is killing the masses and the Yorubas are not excluded?
Re: New Economic Stabilisation Paper Hints At N5.4tn Fuel Subsidy Bill by Blazetrailer: 4:37pm On Jun 05, 2024
The same thing i have mentioned several times. He is so dumb.
The subsidy was manageable, we knew they woukd return it. The devaluation was the worse blunder
He has killed the economy completely.

reiddecuti:
Don't know why Tinubu was so dump to pronounce subsidy gone without even sitting on the sit not to talk of forming a cabinet.

Knowing quit well that energy (in this case electricity, diesel and PMS) drives Nigeria economy, with all his sophisticated 1st class in Economics and no Accounting, he pronounced subsidy gone.

It showed how daft he is, even Buhari with NEPA certificate is smarter, intelligent than him.

Tinubu have succeeded in killing the economy. Whoever that believe he'll turn some magic wand to revive the economy must get his brain examined.
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