Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu (8811 Views)
| Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by CodeTemplar(op): 11:20am On Feb 26, 2025 |
Nigerian President, Bola Tinubu has claimed that there is no way the nation would have sustained till now the payment of fuel subsidy that was abolished in May 2023.Source : Daily Post 9 Likes 1 Share
|
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by CodeTemplar(op): 11:27am On Feb 26, 2025 |
Help nairalanders hold their governors accountable by giving it a wider audience please. Most of them have been doing senseless projects that dont generate income or positively impact the ability of their states to earn. Airports, flyovers and funny infrastructures. 25 Likes 2 Shares |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by Quest7777: 11:36am On Feb 26, 2025 |
Beyond Subsidy Removal, we should be concerned with what brought us to the point we were unable to sustain the subsidy. A man who suddenly is unable to drive his kids to school & asks them to trek, will soon reduce their meals from 3 square meals to 2, if he doesn't tackle the root cause of his inability to continue driving the kids to school. 40 Likes 4 Shares |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by LordBiden(m): 11:42am On Feb 26, 2025*. Modified: 12:05pm On Feb 26, 2025 |
CodeTemplar:Since the people are not feeling it its better to return the subsidy back. Another thing is that even tho allocation to governors got trippled,the current exchange rate will make them not achieve much because prices of materials for projects also skyrocketed. For me I think the subsidy removal thing is ill advised,this are devillish world bank policies.Yaradua and obj all paid subsidies and still ran the country properly. Instead of removing subsidy while not place a tax on luxury goods or property,or while not tackle oil theft properly instead of taxing the poor. 26 Likes 2 Shares |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by Decidetolive: 11:45am On Feb 26, 2025 |
Tinubu you lack vision to make Nigeria work. Your economic policies are detrimental to the masses but your urchins keep cheering you up 34 Likes 5 Shares |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by Counterigbolies: 11:53am On Feb 26, 2025 |
Decidetolive:tell us what your Messiah will do different in this situation? 18 Likes 1 Share |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by Racoon(m): 12:21pm On Feb 26, 2025 |
Same subsidy your useless government is still paying and borrowing monies to fund? This is the bastardised economy your clueless govt is lying has improved. Covering it with chronic debts pillage. Nigeria is a mess. Abeg koshi danu! 9 Likes 1 Share |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by osuofia2(m): 12:22pm On Feb 26, 2025 |
Bitter truth All those who contested in the 2023 general elections promised t removed subsidy. 6 Likes 2 Shares |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by IgbuduMonkey: 12:22pm On Feb 26, 2025 |
Allocation (in ₦) to states have tripled while the naira has lost times 4/5 of it's value. The governor's have more money that have no value 29 Likes |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by BobbieZion(m): 12:22pm On Feb 26, 2025 |
Counterigbolies:Something we na Lord and saviour Tinubu no fit do.... Clowns!! 7 Likes 1 Share |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by francisbarrack(m): 12:23pm On Feb 26, 2025 |
Let him do his worst... Tax tax tax... noting to show for. 8 Likes |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by lastmessenger: 12:24pm On Feb 26, 2025 |
The states are recieving triple the amount they received before subsidy removal but don't forget that the value of the naira has been devalued by 100% 13 Likes |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by Chucks13: 12:24pm On Feb 26, 2025 |
Honestly states have received so much from the federal purse yet so many states can't point to what they used all the billion given to the do. 2 Likes 1 Share |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by ehikwe22: 12:26pm On Feb 26, 2025*. Modified: 2:32pm On Feb 26, 2025 |
No, it didn't triple. Allocating more naira doesn't increase allocation value - it reduced actually. You came in to destroy Nigeria. The day you got sworn in, you made very reckless statements which I believe was to please your international backers and destroy Nigeria. That statement destroyed the economy on day one. You said you removed subsidy, increased the fuel price by 3x thereby pushing the economy into inflation. Then turned around to start paying more subsidy than has ever been paid. What did you achieve with subsidy? Absolutely nothing. Only used it to destroy the economy and threw people into abject poverty. In the midst of all that, you announced floating of the dollars. The value of the dollars plummeted further adding more destruction from what subsidy announcement has caused. Then you turned around and started defending the naira with billions of dollars. What did you achieve with floating of the naira? Absolutely nothing. Only used it to destroy the economy and threw people into abject poverty. Then you increased electricity tarriff. Turned around and started paying more money for power subsidization. The question now is, did Tinubu do all these blunders deliberately or it's just sheer incompetence? In my opinion, it's mixture of both but more of deliberate. He had a mandate to push more people into poverty to please his colonial masters. He also want to make decisions that wil give him more opportunities to steal 7 Likes 1 Share |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by AmazingELixir: 12:27pm On Feb 26, 2025 |
 Hmmm! Nigeria survived due to subsidy removal but in the process killed off vulnerable citizens. A complicated irony. 1 Like |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by forerunner022(m): 12:27pm On Feb 26, 2025 |
Yet there's abject poverty in the land. Na wa o 3 Likes |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by koning: 12:28pm On Feb 26, 2025 |
I have no problem with subsidy removal. In fact i supported it. The main problem now is INFLATION. Tackle inflation and create an enabling environment to reduce the price of fuel and diesel. Fuel needs to come to N500 or less. 1 Like |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by mbahdi(m): 12:29pm On Feb 26, 2025 |
Brainless clown.....with miserable and unfortunate supporters 8 Likes |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by Meti99(m): 12:29pm On Feb 26, 2025 |
And how has thatt translated into better living standard of the people? Cost of feeding, cost of transportation, cost of living generally hasn't better off 3 Likes |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by mbahdi(m): 12:30pm On Feb 26, 2025 |
Counterigbolies:But since his Messiah isn't ur illegitimate president hope u are enjoying what ur devil is doing now 3 Likes |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by Guestmale: 12:31pm On Feb 26, 2025 |
Governors are receiving increased allocations with little or nothing to show for it,yet all fingers are always pointing at the President , it's time we hold our governors accountable or fg should return to subsidy payment. 2 Likes 1 Share |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by datola: 12:31pm On Feb 26, 2025 |
Allocation tripled because Naira was devalued 5 Likes |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by Gotocourt: 12:31pm On Feb 26, 2025 |
koning:Exchange rate not dropping anytime soon. The mannequin is busy collecting more loans😥 3 Likes |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by infohenry(m): 12:32pm On Feb 26, 2025 |
They said this our president is an accountant, I doubt if he knows his numbers. The exchange before subsidy removal tripled after floating of naira, what the government is earning did not triple because it comes in dollars not naira, whatever triple he is talking about is when converted to useless naira. The governors only have an allocation consumed by inflation. The federal government is still borrowing even when revenue has tripled according to Mr President. 3 Likes |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by mikeapollo: 12:32pm On Feb 26, 2025*. Modified: 5:47pm On Feb 26, 2025 |
CodeTemplar:Very shallow assessment by a clueless and incompetent president! Nigerian masses are suffering today because of macroeconomic issues which have made life difficult and unbearable for them e.g. inflation, interest rate, devaluation and floating of naira, high cost of fuel etc. These things have a direct effect on the cost and standard living of the people, and are under the direct control of the FGN. State govts do not control or determine these parameters, therefore multiplying their allocations by even 10 times would not have any meaningful effect on the economy and life of the masses. It would only increase inflation, corruption, and maybe add to the salaries of a few State workers etc. But the generality of the population would suffer, and that is what is happening. Not every Nigerian works for FG or State govt The state govts lack the capacity to affect these Macroeconomic issues positively in a manner the way the FG can. A sensible govt would rather do everything and use some resources to ensure that these things are kept and managed within the range that the generally masses can cope with. 3 Likes |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by Tooreda: 12:33pm On Feb 26, 2025 |
Where are hellanus and other worthless lots? Here is something to improve your earning. Werey people 4 Likes |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by okeyfx(m): 12:34pm On Feb 26, 2025 |
Lamba>>>>>Lamba>>>>>>Lamba  2 Likes |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by nwirinedu(m): 12:35pm On Feb 26, 2025 |
Allocations to states have doubled, but what are the governors doing with it? Where is this surplus money coming from, it is not internally generated but rather borrowed externally. It is not coming from local taxes, but foreign loans. How sustainable is this longterm? 4 Likes |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by carzeem1: 12:35pm On Feb 26, 2025*. Modified: 12:57pm On Feb 26, 2025 |
| . He didn't say the youths are lazy, was partly expecting that. PDP blame game has become stale, same for lazy Nigerian youths. We await the next 4 Likes 1 Share |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by Kingpele(m): 12:36pm On Feb 26, 2025 |
Be deceiving your zombies not me 4 Likes 1 Share |
| Re: Nigeria Wouldn’t Have Survived Subsidies, Allocation To States Tripled – Tinubu by advanceDNA: 12:36pm On Feb 26, 2025*. Modified: 1:05pm On Feb 26, 2025 |
After obviously wrecking the nation....this clueless and prideful man is still claiming he did the right thing.... Baba....all u did is put more money in the pockets of executives to steal and make the tax payers and masses suffer.....there is no economic growth or development about ur move and that's why u need the national bureau of statistics to keep adjusting figures for you to maintain ur parade of failure.. 6 Likes 1 Share |
Bombing Of Kaduna Residents Decided By God Else It Wouldn’t Have Happened -Tinub • Atiku’s Supporters Tripled After Makinde Endorsed Tinubu • ‘ASUU Strike’: Bola Tinubu Promises 25% Budgetary Allocation To Education • 2 • 3 • 4
Peace Deal Lopsided, Attempt To Restore Wike’s Grip On Rivers - Nwibubasa • President Buhari To Deliver Speech At Anyiam-Osigwe 2015 Lecture • Lagos Plans Expansions Of Ikeja-alausa Road To Tackle Gridlock