₦airaland Forum

huntila:
El Rufai and Falana should lead the new one . Especially ElRufai...karma is a B###h

They played their opposition role then but unfortunately the opposition leader we have now will hide under the table once you call him to come out and protest.

Awon eleribu, may their life completely ruin the way tifnubu is ruining Nigeria right now 🙏🙏🙏🙏🙏🙏🙏

Futureleader201:
Images From 2012 Fuel Subsidy Removal Protest Under Jonathan.

We are still waiting and watching.

Change indeed.

Throwback:
But as Nigerians are proving now, just as they proved in 2012, they are too impoverished to accept a total removal of subsidy.

The N140 fuel price of Jonathan in 2012 after he removed subsidy on imported fuel, was almost $100 then.

SO, are they impoverished to accept a deficit that eats our earnings and any other money we have just to sustain subsidy

You would like it if we end up that way, no money, and anarchy on the streets that would make these protests look like primary school children marching on children's day

See, if we kept petrol at N65 today, without the partial removals we have done, we would have been spending over 1000 per liter or something like, assuming a fuel consumption of 60 millon liters per day, 12 trillion naira a year.

That means about 12 trillion out of your budget will go on subsidy. How would the deficit be filled then?

And that would keep rising because of smuggling....so we could be seeing over 20 trillion out of your budget of 30 trillion going on subsidy

This is not about which side you support, APC or PDP, this is about how subsides encourage severe debt and issues that could affect our economy, and the poor.

Seeing this picture i must say ntoohhhh
Na God catch us. Citizens of this country are gullible and stupid. E good like dat sef.
Hunger go kill una

Politicians go just dey blow una like breeze. Ashawo people

gidgiddy:
But the same people, including you, no longer see the point of protesting when fuel is Iver N700 a litre?

I have never been a supporter of subsidy removal while local refining capacity is non existing and electricity is still a scarce commodity that Nigerians have to then provide themselves with the use of the same expensive fuel.

Funng enough, the 700 fuel of now is actually cheaper than the N140 fuel of the Jonathan regime.

With importation in dollars,
2012:
N140 = $88

2024:
N700 = $47


I have always understood why every government wants oil subsidy to go, considering the dollar saving and revenue shore up it would provide the government/country.

My recommendation has always been to ensure we produce crude oil beyond our OPEC quota, which we then sell that excess to local players in a local refining market, at a Naira price that will ensure the end products of the refining comes out at a price that Nigerians can afford.

In that scenario, the government has not lost a single dollar it is limited to earn by its OPEC quota, and likewise have not spent a single dollar that would have otherwise been spent importing fuel in dollars and subsidizing the cost.

A win-win for everyone.

mazimee:
Nigerians brought this upon themselves,everyone should keep kwayet, especially those ones that played a bigger role by voting Apc. Everybody should go home and savour this Change till 2019. By then, thinking logically when next they are close to a polling unit won't be such a difficult task to do.

Hi

God bless you poster for this great reminder of memory lane.
My unanswered question,
Where are the faces on this protest?
Why are all of them so quiet?
Where are all of our Daddy G.O's that were so outspoken to criticized Good luck Jonathan?
Why are they not saying anything?
The hypocrisy in Nigeria is our major problem.

Kobojunkieee:
Where do you have me calling you an APC supporter or anti-people for that matter?

2. Subsidy harm the poor? Benefit the poor? Do you understand what a subsidy is? I really don't understand your argument at all.

How do you think we pay for the subsidy every year?

And yes, you called me a supporter of APC anti-people policies...which shows you do not understand why I oppose subsides.

Sorry, but I am sick and tired of being abused by people who choose to play insuination because they support a people's agenda, and I dont

Why bring in APC Into a subsidy issue that has been on for decades? I mean why?

Go and read my previous writeup, and look at the diagram, and think.

That was when they should have allowed it to be removed but they were playing politics.

The reason why all this people and celebrities won't join or support in the protest is because they all are benefiting in the hardship especially in the area of floating naira. What they all have in common is foreign accounts and business abroad that fetch them forex. The more they devalue the naira the better for them because they will keep getting rich. Nothing is left for the poor and average Nigerian to hold on to. We are simply fu##k in the a#s with a fist 🤜

Falana sighted.

nairalanda1:
↪It also made things worse and laid the foundation for the economic problems and debt we have now. The thing about subsidy is simple...it rises in proportion to the cost of production. Because all our petrol is produced abroad...the cost of producing it is very high, and that means that subsidising it would become more expensive. If subsidy had been kept for fuel to be N65, by now subsidy costs would have gone up from N2 per liter as at January 2012, to N1100 per liter today.
↪It would have created a large hole in our budgets, meaning that the amount of loans we take would have risen, which means we would have had a debt eating up our revenue, the loans we take and any money we do not have right now. GEJ was right in 2012 TO TRY TO do a total removal of subsidy. But you guys refused to see. Had he done so, we would have had fuel selling at very high prices, but we won't have a ragingly high debt of over 100 trillion naira and a naira that is falling madly vs the dollar as it is now.

1. Something tells me you don't have a real grasp of the why of fuel subsidy in the first place. Your focus on the subsidy issues seems too one-dimensional to have a real conversation as to why the people are suffering even today. It is not merely about subsidies but the fact that for the last 25 years, the Government of Nigeria has majorly refused to invest heavily in infrastructure development as well as the implementation of common sense pro-people and pro-business policies to help make the removal of subsidies have little to no effect on at least the common man and businesses.

2. GEJ was wrong to attempt subsidy removal BEFORE first ensuring significant infrastructural development, implementation of pro-people and pro-business, as well as anti-corruption policies, were solidly in place. You don't pull the rug from under the people's feet and then shout, "Oh yeah, I am right."

Neckpresser101:
When they voted
Yar adua
Obj
Atiku

You didn't bring this list


How many times have you people voted Igbos but Igbos have voted obi twice!

Tribalists!

may that name igbo never go out of your name, Ezi

nairalanda1:
↪How do you think we pay for the subsidy every year? And yes, you called me a supporter of APC anti-people policies...which shows you do not understand why I oppose subsides.
↪Sorry, but I am sick and tired of being abused by people who choose to play insuination because they support a people's agenda, and I dont
Why bring in APC Into a subsidy issue that has been on for decades? I mean why? Go and read my previous writeup, and look at the diagram, and think.

1. Dude, I am gonna clock out at this point as it seems I am talking to someone who is struggling with comprehension issues. I can't be saying Tala-n-tolo while you rebut with Tolo-n-tala. I no fit do that one today abeg!

KEVIND:
Jonathan was the problem when fuel was selling for #97 & exchange rate was #140 to $1, now Obi that just contested & said he'll dismantle the structure of criminality is now is their headaches.
You see these men like Wole Soyinka will continue to mislead the youths

I tire oooooo someone who is not in power is suffering them . noby juju be that

Kobojunkieee:
1. Something tells me you don't have a real grasp of the why of fuel subsidy in the first place. Your focus on the subsidy issues seems too one-dimensional to have a real conversation as to why the people are suffering even today. It is not merely about subsidies but the fact that for the last 25 years, the Government of Nigeria has majorly refused to invest heavily in infrastructure development as well as the implementation of common sense pro-people and pro-business policies to help make the removal of subsidies have little to no effect on at least the common man and businesses.

I do, it was originally to protect the poor from the effects of rises in fuel prices

The problem is unlike most countries with a decent subsidy, we don't pay for it from tax revenue, we pay for it from the same oil revenue.

And in order to keep siubsidy costs down, we essentially sabotaged our refineries, and the result is NNPC is only trying to reactivate two of them

Also, the problem is the more we take from the oil revenue to pay for subsidy the higher the deficit rises, and the more the issues come about that affect the poor.

The road to hell is always paved with good intentions.

2. GEJ was wrong to attempt subsidy removal BEFORE first ensuring significant infrastructural development, implementation of pro-people and pro-business, as well as anti-corruption policies, were solidly in place. You don't pull the rug from under the people's feet and then shout, "Oh yeah, I am right."

Tell you what, he could have done all that, and if he tried to remove subsidy, most NIgerians would have said no.

Plus he had to. We had spent three times more money on subsidy in 2011 than we did in 2010. High oil prices were bringing in more revenue, but were also causing fuel refining to be more and more expensive. Our high import bill was putting more pressure on the naira. Something had to give and it was the subsidy.

Had GEJ Kept fuel at N65, it would have eaten up our whole budget by 2015. I am not joking. It would have eaten up our whole budget, and caused us a lot of problems. We were having difficulty maintianing fuel at N87, by 2015, think how more difficult it would be by 2015.


And even now, we have difficulty keeping fuel at N580-700 , with the result that we owe 6 bn in import bills, and also owe more in subsidy money. Result...queues.


Sometimes we need to face reality, even though we don't like it.

Good evening.

nairalanda1:
SO, are they impoverished to accept a deficit that eats our earnings and any other money we have just to sustain subsidy

You would like it if we end up that way, no money, and anarchy on the streets that would make these protests look like primary school children marching on children's day

See, if we kept petrol at N65 today, without the partial removals we have done, we would have been spending over 1000 per liter or something like, assuming a fuel consumption of 60 millon liters per day, 12 trillion naira a year.

That means about 12 trillion out of your budget will go on subsidy. How would the deficit be filled then?

And that would keep rising because of smuggling....so we could be seeing over 20 trillion out of your budget of 30 trillion going on subsidy

This is not about which side you support, APC or PDP, this is about how subsides encourage severe debt and issues that could affect our economy, and the poor.

I am pro subsidy removal only if you already ensure local refining capacity and uninterrupted electric power supply.

Even if the post subsidy removal fuel price goes up, a lot would not be so dependent on it like it is now when businesses and homes have to provide their own electricity with imported fuels.

ShineuEye:
hypocrites

Gbam

Futureleader201:
Images From 2012 Fuel Subsidy Removal Protest Under Jonathan.

We are still waiting and watching.

Change indeed.

MELAYE AND NASIR EL-RUFAI

gidgiddy:
They wanted fuel to stay at N65, they were protesting a N20 Naira increase, they wanted Jonathans head

Now under Jagaban, Fuel is 10 times that amount and the same people who protested against Jonathan are saying Jagaban is doing well

I don't know how some people made the protest of 2012 against Jonathan fuel subsidy removal to look like Yoruba people against south south.

I recall that the Ibos too protested against Jonathan fuel subsidy removal then in 2012. In fact, Ibos participated.

The Ibos then had traveled home for Xmas and New Year, and the fuel increments was effective 1st January of the year.

So, the Ibos were caught up at home in the East, and they couldn't afford the increase in transport fare back to their bases.

Shameless people.

Today how far?

Wicked set of human beings. God will judge them and their families.

Kobojunkieee:
LOL... The people told you that this time around they lead their selves. Why are you huffing and puffing against that?

You and who? Did you even read before huffing and puffing?

Throwback:
I am pro subsidy removal only if you already ensure local refining capacity and uninterrupted electric power supply.

The irony is we can only have that if we have removal of subsidy

Plus if you had said this in 2001 ...only about our telephony sector...that we should have cheap calls until we had the infrastructure...we would have still been struggling with dialup today for internet

We had zero GSM Infrastructure in 2000. Obasanjo allowed the GSM companies to come in, charge anti-people prices, and the result was that today only 1 million nigerians own a phone (I'm joking).

No, there was a lot of investment in the GSM sector, and a lot of money flowing into the sector...that by 2005, services had improved, and one could call internationally from home, and by 2008, we had home internet. Today we have an internet penetrance of nearluy 60% and phones are in the hands of almost everyone even the poor.

Because they were not forced to charge 1kobo for a 10 minute call in the name of helpping the poor.

Allow the power and petrol sector set their prices, and I guarantee by 10 years time, things would be much better, because people invest only in things that bring them ROI.

We would even have more dangote type refineries, and even be exporting crude to other african states self.

But no,we have to help the poor by playing the same kind of economics that transformed the USSR Into the world's leading power today. (Again I am joking)\=

Even if the post subsidy removal fuel price goes up, a lot would not be so dependent on it like it is now when businesses and homes have to provide their own electricity with imported fuels.

And we would have more domestic production

Look, if you want some business to grow...allow them set their own prices.

It is that simple.

Franking:
↪You and who? Did you even read before huffing and puffing?

The leaders of the protest this time around are not invisible; the people are leading themselves. Let's not continue to perpetuate this lie of invisible leaders introduced by politicians to manipulate the situation. The power has always belonged rightly to the people who now lead themselves in protest.

@Throwback, Kobojunkiee

I have to log off now, but I have this articles for y'all to read

ONE

REBUTTAL TO ONE


PWC


You do not have to read them .

cyrusmillz:
And now Prof. Fayemi has come out to say that it was just politics.... we were all taken for a ride

They really took Nigerians as fools...

BeeBeeOoh:
Criminals that pretends to have the masses at heart, why are they all keeping quiet now?? God will judge them all..




Please & PLEASES, let those that didn't vote for fake change complain, if other wise; my brother may thunderous thunder locate you..

Amen!

These are the real problems of this country

ednut1:
https://www.nairaland.com/7591924/geo-political-breakdown-2023-presidential-election the stats shows that south east was the tribalistic one.

The SE voted based on competency whereas other regions sad west and north voted along tribal and religious lines

Now tell me :

In 2007, SE voted yaradua they were not tribalistic

In 2015, SE voted Jonathan they were not tribalistic

In 2019, SE voted Atiku they were not tribalistic

In 2023, they voted Peter Obi suddenly they became trîbalistic

It is almost a sacrilege to get a fair and objective view from a yaroba person, that's how cursed you lots are

belzabull:
The SE voted based on competency whereas other regions sad west and north voted along tribal and religious lines

Now tell me :

In 2007, SE voted yaradua they were not tribalistic

In 2015, SE voted Jonathan they were not tribalistic

In 2019, SE voted Atiku they were not tribalistic

In 2023, they voted Peter Obi suddenly they became trîbalistic

It is almost a sacrilege to get a fair and objective view from a yaroba person, that's how cursed you lots are

kwankwanso was not Competent? He has better qualifications than obi, also performed better as a governor. I supported obi myself but lets not lie to ourselves. WAZOBiA tribes are all tribalistic