₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,330,142 members, 8,444,045 topics. Date: Monday, 13 July 2026 at 12:29 AM

Toggle theme

Economy: Nigerian Oil Subsidy Payments Burden. - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsEconomy: Nigerian Oil Subsidy Payments Burden. (23830 Views)

1 2 3 4 5 Reply (Go Down)

Re: Economy: Nigerian Oil Subsidy Payments Burden. by ogwuche4u(m): 3:33pm On Aug 19, 2024
ednut1:
Our population needs to reduce too. But poor people still dey born dey go like pigs. Fuel subsidy for over 200m people is unsustainable
Just look at this fool of a being. Instead of you idiot to fight for the reduction in cost of governance, you are here saying rubbish.
Re: Economy: Nigerian Oil Subsidy Payments Burden. by rapheal5(m): 3:33pm On Aug 19, 2024
ednut1:
Our population needs to reduce too. But poor people still dey born dey go like pigs. Fuel subsidy for over 200m people is unsustainable
That one no be excuse for bad governance, we born reach china, indian or america?
Re: Economy: Nigerian Oil Subsidy Payments Burden. by Shimbo96(m): 3:34pm On Aug 19, 2024
If this fact is correct, then NNPC officials should be in jail... 3.3trn in 11months and we still queue for fuel for almost 10 months out of the 11. Corrupt leaders everywhere
Re: Economy: Nigerian Oil Subsidy Payments Burden. by Yankee101: 3:35pm On Aug 19, 2024
Someone is trying to compare 2021
But forgot to add what the price of fuel was in 2021
You can’t paint Tinubu in good light to anyone
Re: Economy: Nigerian Oil Subsidy Payments Burden. by Basicend: 3:36pm On Aug 19, 2024
Fix the naira valuation issue.

World Bank and IMF has advised you to destroy your economy. That is the crux of the issue.
Re: Economy: Nigerian Oil Subsidy Payments Burden. by LegendHero(m): 3:37pm On Aug 19, 2024
This is fake news.

No subsidy payment and Kyari will soon debunk this
Re: Economy: Nigerian Oil Subsidy Payments Burden. by phoneport(m): 3:39pm On Aug 19, 2024
ednut1:
Our population needs to reduce too. But poor people still dey born dey go like pigs. Fuel subsidy for over 200m people is unsustainable
Tell this to the North and Yoruba Muslims cool cool cool
Re: Economy: Nigerian Oil Subsidy Payments Burden. by Elidrisy20: 3:40pm On Aug 19, 2024
Una still dey pay subsidy?
Re: Economy: Nigerian Oil Subsidy Payments Burden. by Meedon: 3:40pm On Aug 19, 2024
ednut1:
Our population needs to reduce too. But poor people still dey born dey go like pigs. Fuel subsidy for over 200m people is unsustainable
We seriously need population control.
Re: Economy: Nigerian Oil Subsidy Payments Burden. by sulaak(m): 3:43pm On Aug 19, 2024
ednut1:
Our population needs to reduce too. But poor people still dey born dey go like pigs. Fuel subsidy for over 200m people is unsustainable
India, China and Indonesia, all countries with larger populations, can feed and support the people.
Re: Economy: Nigerian Oil Subsidy Payments Burden. by OgiidiiHerbals(m): 3:43pm On Aug 19, 2024
This subsidy Wahala
Re: Economy: Nigerian Oil Subsidy Payments Burden. by RodgersAkpafu: 3:44pm On Aug 19, 2024
ednut1:
Our population needs to reduce too. But poor people still dey born dey go like pigs. Fuel subsidy for over 200m people is unsustainable
when we say this
people will jump on us and call us all manners of names
Re: Economy: Nigerian Oil Subsidy Payments Burden. by anonimi: 3:45pm On Aug 19, 2024
Racoon:
@Thecableindex
We have moved from Buhari's 2015 -subsidy is a fraud, to the 2016 announcement of subsidy removed and finally 2023 -subsidy is GONE.

How can liars not be thieves?
How can liars fight corruption?
Who is fooling who?
Or rather, who is fooled huh

Former governor of Lagos, Bola Ahmed Tinubu has expressed his immense support for President Buhari’s decision to remove the fuel subsidy.

In a statement released on Thursday in Lagos, Jagaban said that the Buhari administration made a prudent decision in the removal of the fuel subsidy. The statement read;

“We all want fuel at a cheaper price. under the subsidy, we got the right price but not the fuel. Meanwhile, some were getting rich on the common man’s predicament. They were laughing to the bank while the rest of Nigeria waited in the petrol line. This is not the way to democratic development. It is a recipe for creating a class of economic predators that would feed off the people and in time gain such power and wealth that they would seek to buy and control if not own government as well.

President Buhari has with this decision put an abrupt and just end to this assault against our economy and political system. He has made a courageous and prudent decision. It is time to end the fuel subsidy and to begin to subsidize the true needs of the people.
To Mr. President, I say congratulations for having the courage to remove the subsidy. The President has taken this tough decision in the interest of the present and future generations of Nigerians.

For some time, I have been a proponent of this action. I believed ending of subsidy was the only sure way to put to sleep the myriad demons that had invaded the subsidy process, sucking the blood of Nigeria, swallowing much of our needed money.

The rentiers will no longer be able to make free money at our common expense. They will no longer be laughing to the bank while you languish in endless fuel queues. Nigeria has taken the historic step needed to create a competitive environment that that will eliminate smuggling, provide incentives for private refineries and attract foreign investments in the downstream sector and create employment.

Instead of just shipping off the oil and having the more expensive finished products sent back to us, Nigeria will move closer to realizing its potential to become the plastic center of the continent by manufacturing these by products. Nothing can stop Nigeria from being the net exporter of fertilizer from the bye products of the oil industry.”

http://dumebiifeanyi.com/fuel-subsidy-removal-tinubu-backs-buhari/
Re: Economy: Nigerian Oil Subsidy Payments Burden. by RodgersAkpafu: 3:48pm On Aug 19, 2024
sulaak:
India, China and Indonesia, all countries with larger populations, can feed and support the people.
this is a silly argument
and I'll tell you why
look at the population pyramid of India chiba and Indonesia

it's middle heavy

look at Nigeria own
it's top heavy

what does that tell us

that while India China and Indonesia have a higher population figure (absolute) , they are having a stagnated and even declining growth rate (China esp)
Nigeria on the other hand is having an uncontrolled birth rate and growth rate
Same with Pakistan
at this rate, Nigeria and Pakistan will be in serious trouble two decades from now
make una continue
Re: Economy: Nigerian Oil Subsidy Payments Burden. by anonimi: 3:48pm On Aug 19, 2024
ednut1:
Our population needs to reduce too. But poor people still dey born dey go like pigs. Fuel subsidy for over 200m people is unsustainable
What dop poor people have to entertain themselves apart from sex?
Get people busy in factories, farms and ranches, to see the population growth rate drop as it is dropping in China, India and other Asian countries that are industrialising and prosperous.

Sharing congo of rice to people instead of getting them to work their bums off to earn decent wages in dignity, is the sure way for population explosion.
Re: Economy: Nigerian Oil Subsidy Payments Burden. by Nwaiyoo: 3:49pm On Aug 19, 2024
Let us tell ourselves the truth, how do you personally feel the economy were doing with and without the fuel subsidy? Do we need a soothsayer to help us with the answer? Is petroleum not a gift to southern and some western Nigeria? Do we not have refineries? If Nigerian refineries are not functioning, so, we are now poor a country that we cannot fix or outrightly build a brand new refinery? Finally, the money that were made for subsidy payments what are they used for? Totally, don't you think this subsidy is a scam?
Re: Economy: Nigerian Oil Subsidy Payments Burden. by Starboytwo(m): 3:50pm On Aug 19, 2024
ednut1:
Our population needs to reduce too. But poor people still dey born dey go like pigs. Fuel subsidy for over 200m people is unsustainable
na the main koko be this...

We are tooooooo much.

No palliatives can reach us.

Make them help us beg north..

Aboki wey dey cut nail, after cutting my nail, I ask where from he say sokoto. He get 2 wives 7 children at the moment. And he never reach 30 years.
Re: Economy: Nigerian Oil Subsidy Payments Burden. by Emma09(m): 3:51pm On Aug 19, 2024
Loyalbeing2:
Subsidy problem every time.
Notorious and serial Scammer!
Re: Economy: Nigerian Oil Subsidy Payments Burden. by press9jatv(m): 3:52pm On Aug 19, 2024
Fuel ⛽️ subsidy removal still increased the price of foodstuffs in the market. The hardships is unbearable
Re: Economy: Nigerian Oil Subsidy Payments Burden. by bigiyaro(m): 3:55pm On Aug 19, 2024
They should shut up about this institutionalized fraud called subsidy; we all know the price of fuel in other countries; we are one of the largest producers of crude for crying out loud. Someone in the shahara desert died of thirst; someone living by the river Niger also is dying of thirst because of pure human greed and outright wickedness. Shame!!!!
Re: Economy: Nigerian Oil Subsidy Payments Burden. by frog12: 3:57pm On Aug 19, 2024
the problems of nnpc is too much grin grin grin
Re: Economy: Nigerian Oil Subsidy Payments Burden. by 1Alex: 3:58pm On Aug 19, 2024
ednut1:
Our population needs to reduce too. But poor people still dey born dey go like pigs. Fuel subsidy for over 200m people is unsustainable
why can't our refineries work?
Re: Economy: Nigerian Oil Subsidy Payments Burden. by MisterBanny(m): 3:59pm On Aug 19, 2024
Loyalbeing2:
Good afternoon, my daddies, mothers, brothers, and sisters on Nairaland Forum.

Please, I need your help Sir/Ma.

I'm using this medium to appeal to everyone that comes across this post to consider me, please. I'm not going to lie so I can be pitied, so I'll just be completely honest.

I'm here to beg so I can get something to eat. Any good person should help me with anything he or she can; I'll appreciate any amount, please.

I'm begging everyone in the name of Almighty God. I've exhausted every option I have, and that's why I'm here now. I have not eaten anything since Saturday evening, and I'm beginning to feel serious pain in my stomach. Please, someone should help me with anything. Please don't let me die of this hunger! I swear to God Almighty, I've never done this before, and this is the last thing I want to do, but I have no other option now.

I am not a lazy person; I do labourer work at new building sites in Akodo town here for survival but haven't been there since five days ago because I fell sick on Wednesday with body pain and fever. I had to spend the money I had on me on medication.

Please have mercy on me and help me.

My bank details are:

Access Bank PLC
0 0 2 4 8 6 9 3 2 3
My name is O. Tunde Olaoluwa


May Almighty God in His infinite mercy continue to bless you and your family. May you never lack money, food and other good things in life. Please help me.

If you are interested, I want to sell my Tecno WX3.

Price: #15,000
Location: Akodo Town, Lagos
Contact: 0 7 0 1 5 6 4 7 5 5 3
Account u just opened today?
Re: Economy: Nigerian Oil Subsidy Payments Burden. by nairalanda1(m): 4:00pm On Aug 19, 2024
The people will see the figures

And then they will shout and cry

But if there was no subsidy, think of where the money would have gone to...

Most Nigerians were at Ojota...the ronu, obident and atiku and sharia, and all of them...were at Ojota. Those of us who have woken up, see things clearly.

Lol.
Re: Economy: Nigerian Oil Subsidy Payments Burden. by Bullfallo(m): 4:00pm On Aug 19, 2024
Money saved from subsidy should have been used to stabilize the Naira. The more then naira gain strength the cheap the fuel for Nigerians. But since tinubu remove subsidy the naira keep plummeting causing more and more hardship for Nigerians.

There is corruption in the subsidy. They need to rmploy foreign investigators and local investigator.
Re: Economy: Nigerian Oil Subsidy Payments Burden. by ariesbull: 4:02pm On Aug 19, 2024
Yobam:
Is your company or business struggling with low sales or lack of awareness? No matter your location, you're limiting your business's potential and ROI! Did you know millions of your potential customers are on the internet, but you are missing out? Let us help with comprehensive social media marketing to boost your sales and brand awareness. Whether you sell luxury estates, yachts, luxury cars, gold, offer services, or run a small business, we will manage your social media presence to ensure you reach your target audience anywhere in world and achieve your business goals.

Here are some of Our Services:

Design Services:
Business/Company Logo Design: Starting at ₦3,000
Business/Company ID CARD Design: Starting at ₦3,000
Advertisement Design: Starting at ₦4,000
Wedding/Event Card Design: Starting at ₦3,000
Invitation Card Design: Starting at ₦3,000
Banner Design: Starting at ₦3,000
Business Card Design: Starting at ₦3,000
Letterhead Paper Design: Starting at ₦3,000

Marketing Services:

Social Media Management: from ₦100,000
SEO Services: from ₦50,000
Content Marketing: from ₦3,000 per piece
Email Marketing: from ₦30,000
Facebook/Instagram Ads Setup: Starting at ₦10,000
Google Ads Setup: Starting at ₦10,000
Twitter Ads Setup: Starting at ₦10,000
Audience Targeting and Analytics: Starting at ₦10,000
Ads Account Problem Solving: Starting at ₦10,000

E-commerce Solutions:

Shopify Dropshipping Store Setup: ₦300,000 - ₦900,000
Online Store Development: 3000,000 - ₦1,000,000
Payment Gateway Integration: ₦30,000 - ₦200,000

Website Solutions:

Website Design and Development:
Basic Website: ₦150,000 - ₦500,000
E-commerce Website: ₦300,000 - ₦1 million
Custom Web Development: ₦300,000 - ₦2 million+

Mobile App Development:

Simple Mobile App: 200,000 - ₦1 million
Complex Mobile App: ₦500,000 - ₦5 million+

Social Media Setup:

Professional Instagram Business Account Setup: Starting at ₦5,000
Professional Facebook Business Account Setup: Starting at ₦5,000
Professional Twitter Business Account Setup: Starting at ₦5,000
Professional TIKTOK Business Account Setup: Starting at ₦5,000
Professional YOUTUBE Account Setup: Starting at ₦5,000

Other Services:

Listing of Business Address on Google Search: ₦5,000
Google My Business Account Reviews: ₦1,000 per review
Payst*ack/Flutter*wave/Sel*ar Store Design: Starting at ₦10,000
Video Ads Creation: Starting at ₦5,000
Landing Page Design: Starting at ₦5,000
Company Brochures, Profiles, Newsletters, Proposals, Business Plans: From ₦1,500 per page
CV/RESUME: from ₦5,000

Business Registration and Annual Returns:

Business Name Registration: ₦25,000
Private Limited Company Registration: ₦55,000
NGO/Association Registration: ₦130,000

Annual Returns Filing:
For Small Companies: ₦18,000 per year
For Business Names: ₦16,000 per year
For NGOs: ₦26,000 per year

AND MANY MORE

Unlock your business's full potential with our comprehensive social media marketing services. Amplify your brand presence and boost sales across all platforms. We help your business reach anywhere in the world!

CALL/WHATSAPP US NOW! FOR YOUR CONVENIENCE, YOU CAN EASILY COPY THE NUMBER DIRECTLY FROM MY PROFILE OR TYPE THE NUMBER MANUALLY FROM THE IMAGE BELOW
emails please
Re: Economy: Nigerian Oil Subsidy Payments Burden. by Walz001: 4:02pm On Aug 19, 2024
But I think the current Apc in government once told his followers if na data we go chop
It seems nothing is working in this subsidy of a thing
And if Nigeria are actually thinking this thing should have been a thing of the past but one person said nothing like that and billions of dollars are spent on it

How is it a scam and he is telling us about it again huh
Nigeria ronu ooooo
Re: Economy: Nigerian Oil Subsidy Payments Burden. by RepoMan007: 4:03pm On Aug 19, 2024
ednut1:
Our population needs to reduce too. But poor people still dey born dey go like pigs. Fuel subsidy for over 200m people is unsustainable
whatever poor man "borns" is being killed by migrants with cows and amnesty hopefuls.
Re: Economy: Nigerian Oil Subsidy Payments Burden. by MisterBanny(m): 4:04pm On Aug 19, 2024
Loyalbeing2:
I have been a member of this forum since 2021.
With which moniker?
U are a criminal
1 2 3 4 5 Reply

Senate Begins Probe Into Oil Subsidy Payments In Buhari’s GovernmentNo Fuel Subsidy Payments Have Been Made To Marketers Since 2016 – NNPC LimitedSubsidy Payments Gulped ₦‎1.82 Trillion In Five Months, Arrears Hit ₦‎3.73trn234

2023 Presidential Ticket Splits PDP Aspirants Into 3 Camps'Buhari Records More Achievements In South East Than PDP' – Lai MohammedAmotekun Arrests 114 Northern Invaders In Ondo, Sends Them Back To North