₦airaland Forum

nairalanda1:
Well, they have been saying it for years. Simon Kolawole has been writing articles about it for over a decade, and the Guardian article was in August 2022

A lot of people have also been shouting about subsides. The Emir of Kano has been consistent about it since 2011, even going on international tv to state the case for subsidy removal shortly after being enthroned as Emir.

caye:
I, caye believe that I must

Bake bread at THE cost of N2000 a loaf, and sell that loaf at N100 TO HELP the poor


Buy yam at N1000 a tuber and sell that yam at N100 A TUBER to help the poor


Buy soft drink at N300 and sell it at N30 to help the poor


Open a school and charge fees N30 per pupil to help the poor, while I pay my teachers N100 a month


Buy shoes for N40000 a pair, and sell them at N20 to help the poor


I am such a good boy

Erix1600:
Only the gullible ones will fall for their gimmicks. The truth is that subsidy payment retured few months after President Tinubu announced its removal due to the effects of the devaluation of the Naira.

Kelklein:
Dear Daily Trust, You all media are also part of the problem.. you will see white and still call it black.. because the crooked government for obvious reasons has repeated it that it is black so many times.

What Tinubu has done was not subsidy removal but price hike so that they can have more money to share..

When he announced 'subsidy is gone'.. NNPC fhe sole importer quickly adjusted their pump price to N537.. just about 1dollar then.. but when the government went further to devalue the Naira senselessly in the name harmonising the exchange rate, the BDC Black Marketers started shifting upwards as well and the CBN then without a clearcut strategy started chasing the Black Market rate at a point even overtook them until they were able to use EFCC to scare the black marketers.. we all ended up at 1600/$ today. So you see what has happened, the government had gone on a merry-go-round and landed everyone at an even difficult position than they met.. now they have to pay the difference in the pump price because the people simply can't pay in full even as they have pushed the pump price to over N800/L from N190 they met it..

What government in their right senses would allow increase in pump price of fuel by over 400% in one year.. all the name of a phantom subsidy.. even when they know they have no plan to fix the refineries..

in all of the President and his handler's speeches about this current planned protest, not a single mention of plan to open the refineries on time.. that was deliberate. They have no plan to open any refineries so that their Malta companies can sell and they can pay the so-called subsidies to themselves.

Even Dangote who just open a Refinery has to learn the hard way and started selling the crude that he imported... because he understood that there is no plan to allow anybody sell anything internally for now..
What right thinking leader would self-sabotage his own country's companies that could employ hundreds of thousands of people just so he could collect money from Importation. Why do Nigeria leaders think so narrowly and selfishly.. It's almost been like a culture for all the people have led this country, at the expense of the common masses.

You all media should learn to call a spade a spade..there is nothing like subsidy removal for now in this country.

Iamdboss:
First and foremost, fuel subsidy removal is not gone, gvt still pays heavily for it just that they lack the courage to admit it. Also, from the acclaimed removal money they've generated, it hasn't benefited the economy but made it worse. May God deliver us from this clueless and evil gvt

EXPRESSSMAN:
Reality.
The only way to go now is for the government to cancel the floating of Naira. They should go back to pegging the exchange rate , then use import licensing, exchange control and other methods the CBN may deem fit to manage it.
The CBN are just wasting time dwelling on interest rate.
successive governments have tried this float at pilot level and withdrew when they saw the impact.
No need beating about the bush. The floating should be cancelled if Tinubu and his team want to be serious.

omohayek:
And how exactly is the government supposed to obtain the benefits of additional revenue from a subsidy that you yourself admit is still in place? Do you imagine it's possible to spend the same money twice or something? What is it about subsidies that robs most Nigerians of whatever little reasoning ability they possess?

It's the height of inanity to complain about Tinubu "abolishing" a subsidy that is still intact and draining the FG's coffers. It crosses into outright perversity to complain that a subsidy which was never actually abolished has failed to generate any tangible savings. That 99% of responses on this topic are as dumb as yours shows why Tinubu would have been better off fully deregulating the petroleum market from day one: by resorting to half measures, Tinubu gets neither the approval of the ignorant mob (who attack him for supposedly eliminating something any dummy can see is still intact), nor the fiscal benefits of eliminating all the wasteful spending.

Basicend:
Who concocts all this rubbish and flaked pieces?

You know deep down your lying troat that the current government is paying even more subsidy than the Buhari era.

Let's say subsidy was even removed indeed, how has the Tinubu led government allocated it's proceeds? Have you seen any signs that this lot can manage funds with equity and accountability?

I wonder what these naiaraland mods are doing, and what their job is really.

Newton1045:
I support subsidy removal.
I think the middlemen and retailers and government are all over corrupt.

omohayek:
And here we see a brilliant exposition from one of the finest graduates of the North Korean school of economic punditry. It's impressive how you've managed to pack so many wrong-headed, economy-destroying suggestions into so few lines! All one has to do to understand Nigeria's economic predicament is understand that all the gibberish you've written is what passes for "intelligent", "mainstream" opinion in this prison cage of 200 million ignoramuses.

omohayek:
And how exactly is the government supposed to obtain the benefits of additional revenue from a subsidy that you yourself admit is still in place? Do you imagine it's possible to spend the same money twice or something? What is it about subsidies that robs most Nigerians of whatever little reasoning ability they possess?

It's the height of inanity to complain about Tinubu "abolishing" a subsidy that is still intact and draining the FG's coffers. It crosses into outright perversity to complain that a subsidy which was never actually abolished has failed to generate any tangible savings. That 99% of responses on this topic are as dumb as yours shows why Tinubu would have been better off fully deregulating the petroleum market from day one: by resorting to half measures, Tinubu gets neither the approval of the ignorant mob (who attack him for supposedly eliminating something any dummy can see is still intact), nor the fiscal benefits of eliminating all the wasteful spending.

omohayek:
And here we see a brilliant exposition from one of the finest graduates of the North Korean school of economic punditry. It's impressive how you've managed to pack so many wrong-headed, economy-destroying suggestions into so few lines! All one has to do to understand Nigeria's economic predicament is understand that all the gibberish you've written is what passes for "intelligent", "mainstream" opinion in this prison cage of 200 million ignoramuses.

Godszilla:
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