₦airaland Forum

We knew it, it was the devil that asked him to remove the fuel subsidy

MadPolitician:
Read in between the lines. They have been asking for it, right back to babangida days.

What do you expect them to say or to do?

You expect them to throw Tinubu under the bus or blame him publicly?


Nigerians seffffff!


They have no reasons to have been asking for it.

They can only advice towards it in worse case scenario.

Meanwhile not that removing subsidy is bad.

But removing a subsidy that would throw more than 60% out of affording fuel, or transport or food due to removal of that subsidy is a national crisis.

There were certain things Tinubu would have done before removing the subsidy, so we don't feel the impact as much as we did.

nairamaniac:
What do you expect them to say or to do?

You expect them to throw Tinubu under the bus or blame him publicly?


Nigerians seffffff!


They have no reasons to have been asking for it.

They can only advice towards it in worse case scenario.

Meanwhile not that removing subsidy is bad.

But removing a subsidy that would throw more than 60% out of affording fuel, or transport or food due to removal of that subsidy is a national crisis.

There were certain things Tinubu would have done before removing the subsidy, so we don't feel the impact as much as we did.

Removing subsidies was bad

surgical:
you mean 15years
And the citizens are cool with that ,I don't know of any other country whose citizens are subdued like Nigerian,they take all kinds of shit, which allows their leaders to take all manners of reckless, meaningless decisions on their behalves, while the rulers insulate themselves

Don't worry about the citizens fa

After the bulaba GOAT FAILURE finish his own 4shege+4banzia then We will launch the new sheribokonization phrase
Sebi them se them sabi chest suffering ba, no worry their mind must dey by fire by force

MadPolitician:
Removing subsidies was bad

Removing subsidy isn't bad.

But it's implementation was definitely poor.
Those were the reasons he started patching and patching up unforseen loose-ends with palliatives, Rice-Availability from Government, sudden rush for CNG driven-cars, etc.

He should have probed the fraudulent subsidy dealings.

Also, he should have created a Trust-fund account between the Federal Government and State Governors.
So the monies being saved from subsidy removal would be adequately accounted for on all level.
Like what Goodluck did with the Excess Crude account.
Or what abacha did with PTF account.

Now, the revenue has been doubled to all Governors, but no check to monitor how it is being spent in each state.

Also, he shouldn't have floated the Naira same period he removed subsidy.

IMF is not our problem. The problem we have is those who are ever ready to collaborate with Tinubu to impose hardship on the foolish Nigerians. These include the Professors, INEC officials, the judiciary, the villagers, the ethnic bigots, the religious leaders. These are the problem we have in Nigeria.

NLCreator:
https://saharareporters.com/2024/10/25/imf-denies-asking-tinubu-government-remove-fuel-subsidy-nigeria-says-decision-domestic

Tinubu! See your life? The people you are trying so hard to impress in order to get their validation have denied your policies thereby throwing you under the bus. Here is my advice relief the following people of their post 1. Finance Minister 2. CBN Governor 3. NNPCL CEO 4. NSA 5. Marine and Blue Economy. Replace them with competent people.

Cursing Tinubu is not working because the man is immune to cursing. We have those that are silently backing him. We are witnessing the gradual emasculation of Nigerian system through coercion and corruption.

Macphenson:
Yet they told him to maintain his wicked policies for 15 years. Tinubu is just an arrogant failure even IMF is denying him because of his calamitious failure.

DO YOU HAVE 10 BILLION DOLLARS FOR ANNUAL FUEL SUBISIDY?

OR YOU DON'T KNOW WE WERE BORROWING THAT MONEY?

MadPolitician:
Read in between the lines. They have been asking for it, right back to babangida days.

when they ask you to remove, you removed. You be mumu. You go kill yourself if they ask you to ?

Criminals using imf to perpetuate their crimes

Macphenson:
Yet they told him to maintain his wicked policies for 15 years. Tinubu is just an arrogant failure even IMF is denying him because of his calamitious failure.

Bitter person! Failure for person wey never do half term

So where did guardian get that news from

nairamaniac:
Removing subsidy isn't bad.

But it's implementation was definitely poor.
Those were the reasons he started patching and patching up unforseen loose-ends with palliatives, Rice-Availability from Government, sudden rush for CNG driven-cars, etc.

He should have probed the fraudulent subsidy dealings.

Also, he should have created a Trust-fund account between the Federal Government and State Governors.
So the monies being saved from subsidy removal would be adequately accounted for on all level.
Like what Goodluck did with the Excess Crude account.
Or what abacha did with PTF account.

Now, the revenue has been doubled to all Governors, but no check to monitor how it is being spent in each state.

Also, he shouldn't have floated the Naira same period he removed subsidy.

There is no serious economy in this world without certain levels of subsidies. No country, bar none! Even the most capitalist enclave. So when you have a charlatan as a president and he is busy all his tenure experimenting with all sorts of theoretical nonsenses, the masses will suffer.

Countries use subsidies where they feel they need them. Some countries introduce subsidies in agriculture, some in power distribution and consumption, some in telecommunications, some in transport, some in education. They do these, because they realise that market forces if allowed unchecked, will ultimately make the prices of products and services in these areas to be way above the common man.

You dont build a society by just generating funds for the government. A society can also be built by allowing the citizens to have more funds in their pockets. This way, two things happen;1) the ordinary people will have more disposable income, and as such more purchasing abilities, thereby patronising both goods and services from different companies. 2) Citizens with the intention to invest, will be able to have more funds to do so, thereby creating more wealth and job for the economy.

MadPolitician:
There is no serious economy in this world without certain levels of subsidies. No country, bar none! Even the most capitalist enclave. So when you have a charlatan as a president and his is busy all his tenure experimenting with all sorts of theoretical nonsenses, the masses will suffer.

Countries use subsidies where they feel they need them. Some countries introduce subsidies in agriculture, some in power distribution and consumption, some in telecommunications, some in transport, some in education. They do these, because they realise that market forces if allowed unchecked, will ultimately make the prices of products and services in these areas to be way above the common man.

You dont build a society by just generating funds for the government. A society can also be built by allowing the citizens to have more funds in their pockets. This way, two things happen;1) the ordinary people will have more disposable income, and as such more purchasing abilities, thereby patronising both goods and services from different companies. 2) Citizens with the intention to invest, will be able to have more funds to do so, thereby creating more wealth and job for the economy.

Totally agree with you.
In hindsight, it all seemed like experimentations. However his pride and ego went permit him to openly admit and correct mistakes.

MadPolitician:
You wrote as if there was a consensus to go ahead with any kind of reforms supported by the IMF or the world bank. That decision to go ahead with such plans, is an elite decision, and has proven to be counter productive. I prefer a "planned economy" to all the free market madness that these organisations are forcing down the throats of fledging republics around the developing world. Every Asian tiger,was/is a planned economy dressed in beuriful free market togas.

I don't know of Tinubu, but IBB consulted widely and only implemented his IMF induced reforms intelligently. Idika Kalu and Chu Okongwu were incharge. Those were gurus. There were changes as it regards the net effects, but nothing compared to the chaotic meltdown going on in Nigeria today.

The problem here is that for whatever reasons, our people like to twaddle with trifles, while being led to golgotha by these Brettonwoods organisations. . Someone is telling you to remove fuel subsidies and allow "the free market" to determine your forex regime, as part of the conditionalities to access loans, and you're talking about how best to phase things in under an administration. Is there anyway you can do so without the economy imploding? I mean with Nigerias peculiar socio-economic realities. Do you think that all these processes could fit in within a four year term?

The chinese are still actively manipulating their exchange rates. The same Chinese who have some of the biggest subsidies you can ever imagine, are the ones we are going to compete with in the international markets. .Agric, power, transport, name them, all are being subsidised heavily in China . Do you think that it is pratically affordable for a struggling economy like Nigerias, to remove the fuel subsidy (knowing that both rail and air transport are nearly dead), then remove power subsidies, then allow market forces to determine the currency, and still have a conducive environment good enough to manufacture stuffs that will sell better than the Chinese?

Hungry people are seldom productive

Reality just dawned on us. They say the impostor in aso rock is a genius. He's only a genius at manipulating people who are as greedy as himself

Wait O!I hate dishonesty!I practically watched on NTA news some few years back on how IMF was advising Buhari's administration to remove fuel subsidy.

surgical:
you mean 15years
And the citizens are cool with that ,I don't know of any other country whose citizens are subdued like Nigerian,they take all kinds of shit, which allows their leaders to take all manners of reckless, meaningless decisions on their behalves, while the rulers insulate themselves

It baffles me equally

What we don't think of or consider now is the possibility of the number of years being pushed forward as time goes by.
We are so used to government policies, plans etc, shifting forward their promises, programs completion among others in the country. The 12yrs may be 20yrs or even more, believe that.

[quote author=Zico5 book of Lamentations post=132590988]Tinubu is not thinking right at all. How can you circle yourself with enemies of this country who are only interested in what to benefit from the country rather than finding ways to better the lives of the masses.[/quote]I blame Peter Obi 🤣🤣🤣🤣🤣🤣🤣🤣

ANYBODY IN IMF OR ANY GOVT AND OUTSIDE GOVT THAT STEAL FROM OUR SUBDIDY MONEY from 1960 todate,WE PRAY you FROM THISDAY YOU WILL NEVER WAKE UP TO ENJOY IT IFSHA

NLCreator:
https://saharareporters.com/2024/10/25/imf-denies-asking-tinubu-government-remove-fuel-subsidy-nigeria-says-decision-domestic

this man has been a fool all along just imagine how they played him, how will he allow outsiders to dictated to him how to run his home. Now he has wrecked the country.

MadPolitician:
Read in between the lines. They have been asking for it, right back to babangida days.

but every other presidents where smart not to agree except this dullard Chicago, Escobar

tundegan:
Tinubu is a leader with vision, and he will be vindicated in the long run.

The same way Buhari is being vindicated now as having done well, right?

Objectivity and sentimentality do not go together.

Callosobruchus:
Wait O!I hate dishonesty!I practically watched on NTA news some few years back on how IMF was advising Buhari's administration to remove fuel subsidy.

Right from the time of IBB, through Obasanjo, up until now, IMF has consistently advised Nigerians to do the following (see attached image). This is documented in several reports to date. The only government that has successfully implemented what IMF/World Bank has advised to date is Obasanjo, and that is also documented.
https://www.imf.org/external/pubs/ft/scr/2005/cr05433.pdf
https://www.imf.org/external/pubs/ft/scr/2007/cr07270.pdf
https://www.elibrary.imf.org/downloadpdf/display/book/9781557756305/9781557756305.pdf
https://www.imf.org/-/media/Files/Publications/CR/2019/1NGAEA2019001.ashx

What Tinubu did when he came in was completely drop subsidy in the beginning— not phase it out— without first ensuring the existence of safety nets to ensure the vulnerable in society are catered to. Where in the IMF reports that had been given to Nigeria to this date can this suggestion be found?

ojinuocheibi:
but every other presidents where smart not to agree except this dullard Chicago, Escobar

So, Obasanjo who in fact implemented and sustained the very IMF/WorldBank reforms for at least 4 years, with several gains which he continues to boast of as proof, was a dullard?

Tinubu, like IBB before him, did not implement IMF suggestions. Instead, Tinubu scammed Nigerians into believing the suffering that resulted from his incompetence and severe looting of the Nigerian coffers, is to be blamed on the IMF and World Bank; this is the same tactic IBB used to keep blind millions of Nigerians all while he comfortably stole 10s of billions of dollars of their future away. How often will you allow this same scam to be reloaded against you and your generation by this band of criminals/kakistocrats?

Wisfem:
■ The only sad thing is when a president is working as a body guard or servant to another presidents just because he can steal enough money to fix his own problem and settle his friends, but in the larger picture he is a slave to another presidents or one stupid British prime minister,
■ I have not heard IMF advising Biden, Macron or Even xi jinpin to allow there Citizens to continuing suffering till 11 years.

IMF never said your people should continue suffering. Your suffering is instead a result of the continued looting and pillaging of your collective inheritance and that is anti-IMF/World Bank policies.

We live in the information age. How I so wish that Nigerians, rather than consume news and ideas from the same propaganda resources fed to them by the criminal elements who destroy their lives, would instead seek to investigate the facts for themselves.

To date, IMF and World Bank have instead insisted on a drawing down of fuel subsidies and at the same time the establishment of safety nets to help ensure that the poor in society are adequately provided for to cushion the removal that is taking place. IMF also suggested the devaluation— not floating — of the Naira to allow the markets to determine its value, along with the cutting of bloat from the Government beginning from FG all the way down to LGA levels. Tinubu did none of these for over 14 months. In all that time, Tinubu did the opposite in each case— he organized and maintains to date a bloated and wasteful cabinet and government, floated the Naira until now he denies that is what he did, and he refused to put in decent safety net programs but has instead been sharing money to his boys every change possible. So, how can the IMF and World Bank be to blame for all of this suffering you have been enduring?

2. By the way, the reason IMF & World Bank do not advise the UK, USA & China has to do with the fact that the vast majority of its investors —the humans behind the many loans your country takes, humans who want to be sure they can get their money back no matter what— happen to be from those same countries where these reforms suggested by the IMF/WorldBank have been tried, tested and proven to be of great value to development. Yes, these ideas/reforms are the same reforms implemented and sustained in almost every developed nation around the globe today.

Are you saying if they ask then Tpain should obey?

MadPolitician:
Read in between the lines. They have been asking for it, right back to babangida days.

DMerciful:
Are you saying if they ask then Tpain should obey?

Tpain is compromised beyond redemption. Why are Nigerians struggling to understand this? The Americans/the West, IMF and World Bank know about his drug cases and are keeping the "juicy" details somewhere as a blackmailing tool against him. You think he released the Indian guy out of his own volition? These organisations work hand in hand with their home governments and are having their ways more with tinubu than they did with other presidents, simply because the west has a lot of dirts on him.

>: 🤔😏What confirma do you have for that info?

Shadomaan7:
The news is not new. The subsidy removal was a local decision.

Kobojunkie:
So, Obasanjo who in fact implemented and sustained the very IMF/WorldBank reforms for at least 4 years, with several gains which he continues to boast of as proof, was a dullard?

Tinubu, like IBB before him, did not implement IMF suggestions. Instead, Tinubu scammed Nigerians into believing the suffering that resulted from his incompetence and severe looting of the Nigerian coffers, is to be blamed on the IMF and World Bank; this is the same tactic IBB used to keep blind millions of Nigerians all while he comfortably stole 10s of billions of dollars of their future away. How often will you allow this same scam to be reloaded against you and your generation by this band of criminals/kakistocrats?

THEY ARE ALL SCAMMERS, NO EXCEPTION.