₦airaland Forum

He ended subsidy but still continue on borrowing spree. Is that not a strange thing?

Ezewuzie01:
https://punchng.com/tinubu-made-courageous-decision-to-stop-fuel-subsidy-otti/

Otti! I suspect you. you are sounding like you are becoming sympathetic to APC

Let's be waiting till 2027

No wonder I prefer MONIEPOINT BANKING

Ezewuzie01:
This is wonderful. Obidients' favourite governor is indirectly saying that Peter Obi is a weakling who doesn't have the liver to take tough decisions for Nigeria's benefit.

obi is not in office. tinubu is.

how has tinubu "taken tough decisions" to successfully tackle corruption, nepotism, cronyism, hunger, unemployment, hardship, poverty, inflation, wasteful government spending, budget padding, insecurity, bad governance, failing public infrastructure, poor medial services and falling standard of education?

qtx:
Otti! I suspect you. you are sounding like you are becoming sympathetic to APC

He is from APC

Agbegbaorogboye:
Of course since it is to your benefit
Even Adams Oshiomole who used to shutdown Nigeria with strikes when he was NLC President supported subsidy removal as Governor

Even Tinubu himself once organized and supported protest against subsidy removal. Today he is beating his chest that he removed subsidy

Can you ever reason maturely? Why won't subsidy removal be beneficial to sincere and competent Governors, who truly wish to deliver for their people, by providing them with vastly more cash to work with that was previously been stolen by rapacious opportunists and enemies of Nigeria's progress in the private, political and business sector?

You are too far gone in hatred of individuals to ever be redeemed. I doubt you will ever be capable of seeing the big and progressive picture.

Ezewuzie01:
This is wonderful. Obidients' favourite governor is indirectly saying that Peter Obi is a weakling who doesn't have the liver to take tough decisions for Nigeria's benefit.

In your myopic understanding and interpretation

MadamExcellency:
The huge money the government gets from stamp duty is more than the fuel subsidy. The FG still pays fuel subsidy through the back door.

So, the appreciation should go to Buhari and the 8th National Assembly for huge allocations to the States

Tax revenue of which stamp duty is a part
252 billion(2024)..not correct.below is the right value

Stamp duty revenue is 1 trillion annually.

Fuel subsidy for the first six months of 2023 was 6 trillion naira.

Also, NNPC still gets large sums of money from the government revenue to pay for the subsidy debts it incurred from buhari forcing them to subsidize fuel from 2016-2023, something tinubu continued from 2023oct until the middle of 2024. That's not subsidy, that's the money still owed NNPC from the period of subsidy. A sign that even at the height of subsidy we still owed a lot of subsidy money

He stands with tinubu in terms of subsidy without trying to pull down his brother unlike soludo.

Sometime I feel like soludo is envious of Peter Obi .

Obidients will soon start telling us about the amount of corn/agbado in his back pocket.

SarkinYarki:
How did he end fuel subsidy and at what cost ?

I mean the Tinubu govt paid subsidy till 2024 November and might even be paying quietly as we speak

Propaganda. You mean that an opposition governor will support the government contrary to facts?

Ezewuzie01:
This is wonderful. Obidients' favourite governor is indirectly saying that Peter Obi is a weakling who doesn't have the liver to take tough decisions for Nigeria's benefit.

Obi did say he would remove subsidy.

And he would have. By August 2022, it was so obviously obvious that subsidy was no longer sustainable.

At that point government could not even pay NNPC for the losses it incurred in subsidizing fuel for Nigeria anymore. Up till today those losses are being paid for from government money.

Nothing like liver or leever. If obi won and kept subsidy, in a year Nigeria would have been like Sri Lanka when it ran out of money. He knew that, his financial people knew too

Zico5:
He ended subsidy but still continue on borrowing spree. Is that not a strange thing?

Give credit to whom it is due. It's a mark of decency.

Ezewuzie01:
https://punchng.com/tinubu-made-courageous-decision-to-stop-fuel-subsidy-otti/

He end petrol subsidy only to subsidize it secretly

lexy2014:
obi is not in office. tinubu is.

how has tinubu "taken tough decisions" to successfully tackle corruption, nepotism, cronyism, hunger, unemployment, hardship, poverty, inflation, wasteful government spending, budget padding, insecurity, bad governance, failing public infrastructure, poor medial services and falling standard of education?

Commend him for the one that he has done first. It will not harm you.

nairalanda1:
Tax revenue of which stamp duty is a part
252 billion(2024)

Fuel subsidy for the first six months of 2023 was 6 trillion naira.

Also, NNPC still gets large sums of money from the government revenue to pay for the subsidy debts it incurred from buhari forcing them to subsidize fuel from 2016-2023, something tinubu continued from 2023oct until the middle of 2024. That's not subsidy, that's the money still owed NNPC from the period of subsidy. A sign that even at the height of subsidy we still owed a lot of subsidy money

That is not subsidy according you but have wonder while Nigeria with 12th cheapest petrol globally is importing petrol from countries with 20th expensive petrol yet selling way the market price

I stand with Tinubu 100% even more. I love bold, hard baller and a decisive leader anybody not happy with subsidy death can go to court its gone and gone for life.

I know those cry cry babies from the pit of hell will start crying now over Otti remarks they have started insult his father and mother already.

How can just 5 individual mallam be the only people enjoying and looting in Bilion of dollars subsidy proceed and Niger Delta that owned the oil are wallowing in failure, deprivations and poverty its not done, so it is better the subsidy is dead let everybody body cool and the anger of removing the scam subsidy one of the reason 2 senior member of the shit coalition are angry with Tinubu because the are directly part of subsidy looters.

Subsidy is dead and buried and will never resurrect again. Anybody who want to cry pls cry proper it is your headache no one send you.

nairalanda1:
Obi did say he would remove subsidy.

And he would have. By August 2022, it was so obviously obvious that subsidy was no longer sustainable.

At that point government could not even pay NNPC for the losses it incurred in subsidizing fuel for Nigeria anymore. Up till today those losses are being paid for from government money.

Nothing like liver or leever. If obi won and kept subsidy, in a year Nigeria would have been like Sri Lanka when it ran out of money. He knew that, his financial people knew too

But your Obi has been condemning subsidy removal. You are changing your song just to give credit to your never-to-be president.

Zico5:
He ended subsidy but still continue on borrowing spree. Is that not a strange thing?

Yeah because our budget was based on oil remaining above 75 dollars per barrel this year. Oil revenue is 80% of our budget

Oil has been between 60-70 dollars since January this year. Last month it even went below 60 dollars

Only options left are borrowing , borrowing or government takes half your income in taxes. States can take the remaining 40% and leave you with 10% of your incomes

You will be angry so borrowing it is

It gets even scarier when you learn our fiscal break even oil price is above 100 dollars per barrel. That's where we need it to have to not borrow. Even at 75 dollars per barrel, the government was going to borrow 13 trillion naira to finance part of the budget


That has been the way since independence. We won't do what the Chinese and Koreans did to go from borrowers to lenders. Industrialization and diversification

WizardOfNG:
Lol. Just watch as Otti becomes persona non grata, an abomination and "efulefu" to them.

Never known a people so irredeemablly entrenched in politics of hatred and intolerance.

If you are with them, you must never praise anything their sworn enemy does even if such is highly laudable and immensely improves their own lives and that of their generations unborn.

Yet they forget politics should be a vehicle for delivering good governance to the people and not blind messiah worship or a desire to get revenge against others

Who is guilty of blind messiah worship more then APC riffraffs like you?

See who dey talk.

We all know the word "HARDSHIP" is politics when we all know what caused it is what all the three top candidates promised to do in the last election.

Chucks13:
I stand with Tinubu 100% even more. I love bold, hard baller and a decisive leader anybody ot happy with subsidy death can go to court its gone and gone for life.

I know those cry cry babies from the pit of hell will start crying now over Otti remarks they have started insult his father and mother already.

How can just 5 individual mallam be the only people enjoying and looting in Bilion of dollars subsidy proceed and Niger Delta that owned the oil are wallowing in failure, deprivations and poverty its not done, so it is better the subsidy is dead let everybody body cool and the anger of removing the scam subsidy one of the reason 2 senior member of the shit coalition are angry with Tinubu because the are directly part of subsidy looters.

Subsidy is dead and buried and will never resurrect again. Anybody who want to cry pls cry proper it is your headache no one send you.

Well-said bro. Vastly greater sum of money made available to governors, to run the affairs of their States, is a great thing.

It is now left for indigenes of States to demand more accountability and improved standards of living rather than shouting Tinubu up and down.

Vision101:
But your Obi has been condemning subsidy removal. You are changing your song just to give credit to your never-to-be president.

I am not obidient.

Obi wants to get elected so he will condemn subsidy removal and get the fans.

Just like your beloved tinubu did so until he was forced by circumstances to call for subsidy removal.

You guys should stop worshipping politicans. They play you like a finely tuned Stravidarus and you don't get it

omenka:
Obidients will soon start telling us about the amount of corn/agbado in his back pocket.

baby boo
hafa naaa
I know you can't leave me
let's continue from where we stopped shall we ?

lexy2014:
obi is not in office. tinubu is.

how has tinubu "taken tough decisions" to successfully tackle corruption, nepotism, cronyism, hunger, unemployment, hardship, poverty, inflation, wasteful government spending, budget padding, insecurity, bad governance, failing public infrastructure, poor medial services and falling standard of education?

This one don start with stupid questions again.

You should direct your questions to Otti.

WizardOfNG:
Can you ever reason maturely? Why won't subsidy removal be beneficial to sincere and competent Governors, who truly wish to deliver for their people, by providing them with vastly more cash to work with that was previously been stolen by rapacious opportunists and enemies of Nigeria's progress in the private, political and business sector?

You are too far gone in hatred of individuals to ever be redeemed. I doubt you will ever be capable of seeing the big and progressive picture.

Are you saying Tinubu was an incompetent and insincere gov when he opposed subsidy removal? Besides, since Tinubu has always been a master strategist, why was he opposing subsidy removal in 2012 and even wrote an article against it? Was he insincere and incompetent or a rapacious opportunist and enemy of Nigeria's progress?

Gboss247:
That is not subsidy according you but have wonder while Nigeria with 12th cheapest petrol globally is importing petrol from countries with 20th expensive petrol yet selling way the market price

Because thanks to subsidy we wrecked our domestic refining sector.

I mean Venezuela has subsidy. Fuel costs 10 per liter. They also lost their refining capacity and incurred huge debts. ( And before you blame sanctions, Russia and china do business there. But they won't intervene in their refining sector because subsidy has wrecked it)

Dangote can meet half of our needs as is. His refinery was planned to go into full capacity by 2030 at the earliest. So we import.

But the thing is decades of subsidy wrecked not only refining, but also prevented investment in the oil industry as a whole. Who wants to invest in an industry where subsidy means losses. That's why oil production has been godawful for over 10 years. And why we had gas flaring for decades.

Also the petrol imported is substandard. If they imported standard, Dangote would beat them into the mud. Standard petrol imports would start from 1000 at the pump

MadamExcellency:
The huge money the government gets from stamp duty is more than the fuel subsidy. The FG still pays fuel subsidy through the back door.

So, the appreciation should go to Buhari and the 8th National Assembly for huge allocations to the States

So appreciation should go to Buhari for removing fuel subsidy so why do you guys blame Tinubu for the inflation caused by subsidy removal?

I know what you are.

When Otti no talk: Cuss Tinubu for subsidty removal

When Otti talk: Thanks should go to Buhari

You better go and take your afternoon drug.