₦airaland Forum

nairalanda1:
He removed subsidy because he had no choice.

There was no money to keep funding it, debt service was eating 97% or more of revenue, forex reserves were at an all time low of 4bn dollars, and the IMF was no longer willing to give us a lifeline. Buhari had also released enough funding for the thing till June ending.

Replace buhari with obi or atiku, the result would be the same. It does not mean tinubu is better than obi....for all we know Obi as president might do a better job. But subsidy on fuel had run its course.

How did he know there was no money?
Has he assumed office b4 swearing day to knw there was no money?

There's is no money but there's money for yatch and vps residence?

Pls don't deceive or confuse us!

chidiokay:
What mind exactly, how hard is it for a boy with gun to slap an elderly man.

This policies and reform affect the masses the most, this are plainly anti people policies .. for a docile citizens what difficult there,

You think trump will cancel benefit in America and protest won't choke white house But here Nigerians are so comfortable with suffering,

The true test of whether Tinubu has ball is reforms with the political class .... 1st implement orasanye report , implement electoral reforms

You dont slap the average citizens n claim you have balls.. for Nigerians docile is an understatement

Probably you just arrived from Pluto regarding @emboldened. You are outdated

Didijiji:
Una get only 4 years and by then una go don cash out wella

OTP

Yes o.

$84 billion subsidy savings in less than two years is not mọimọi.

Kiss the truth.

TimeManager:
The Federal Government has revealed that the elimination of the petrol subsidy under President Bola Tinubu has resulted in savings of over $84 billion, which are now being channelled into the construction and rehabilitation of 40 key road projects across the country over the past two years.

This was disclosed in a policy brief released by the National Orientation Agency (NOA), titled “Two Years Later: Key Benefits of Subsidy Removal,” and made available to journalists over the weekend in Abuja.

The report, which reviewed the outcomes of the subsidy removal since May 29, 2023, noted that the policy averted a looming economic crisis.

It also enabled the Tinubu administration to clear long-standing financial liabilities, increase capital investments, and support the financial stability of state governments.

https://businessday.ng/news/article/84bn-saved-from-petrol-subsidy-now-financing-40-key-roads-report/?amp

He does not think about election in fair contest because he believes he holds the four aces. He believes in rigging so that is why he does things that he cares less of.

More like saying he is sure of the outcome of the elections with or without removing subsidy. The elections that are settled long before the actual votes, subsidy removal could not have been an issue .

Imagine you enrolled in a program or a course in the university but your degree was signed and awarded before you even started, do you think even if you failed all the courses, slapped your lecturers and impregnated the VC. daughter, it would still matter?

nairalanda1:
If he had kept it, we would have reached a point where we would have run out of money and forex for salaries, imports, etc...

Look old man, forget politics, Tinubu is not the best leader we have ever had...we agree. But what would you do if you take over and find out that over 90% of revenue is going to service debt, and effective forex resrve is about 4 bn dollars.?...and you need money now.?

Yes, we should fight corruption, cut government spending, etc...but all that is going to take time.

Unless you wanted us to run out of money before 2023, removing subsidy was the best thing for us that time. YES...it was evil hypocrite tinubu who did it, but obi or atiku would have done it.

Mene mene tekel uparshin. The writing was on the wall. Any politican keeping subsidy would have run into trobule.

The best time to remove subsidy was 2012, or earlier. We said no.

Thank God all and every subsidy has been removed now,Nigerians now enjoy zero subsidy, there is nothing to lie about as hindrance again, we are waiting to see the impact of this so much touted magic wand,that will usher Nigerians into their eldorado
Not on paper o, but the one they will feel in their lives

Islie:
https://dailytrust.com/tinubu-removed-subsidy-without-thinking-about-next-election-gbajabiamila/

How many times will Oshiomhole’s Association of Past Criminals, APC remove subsidy?

anonimi:
May 12, 2016
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.

http://dumebiifeanyi.com/fuel-subsidy-removal-tinubu-backs-buhari/

Petrol should never cost more than N70 per litre, says APC

January 19, 2015

The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.

On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.

But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.

It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.

https://www.thecable.ng/petrol-never-cost-n70-per-litre-says-apc/

helinues:
Racoon, when would you ever display joy and happiness on this forum?

Is there a Joke? have you imagined the percentage of Nigerians that are happy under this Tpain regime

Is it the national grid that collapsed that is funny or the 5% tax on fuel come january that you except joy or happiness

i travelled outside lagos, upon calcu what i have spent on fuel n feeding alone .... i pity Nigerians the naira is just completely uselezz

It takes a courageous person to deal with the whole of Nigeria without thinking twice. I'm happy to be alive to witness such a great achievement.

surgical:
Thank God all and every subsidy has been removed now,Nigerians now enjoy zero subsidy, there is nothing to lie about as hindrance again, we are waiting to see the impact of this so much touted magic wand,that will usher Nigerians into their eldorado
Not on paper o, but the one they will feel in their lives

If we want a better economy, we have to face the fact that most of our revenue comes from 1.7m bpd of oil, which is enough to make a country of 2 million people look developed and nice..but not a country of 200 million.

We have to , in other words, diversify and industrialize. We must judge our leaders on their willingness to do both. That's why I think our leaders since 1999, and even before, were all bad (Gowon tried to have a plan, pity he did not stick to it fully, because oil money sweet.)

Didijiji:
Una get only 4 years and by then una go don cash out wella

OTP

Lol, the same OTP Peter Obi is begging for?
Peter Obi's pleading for a one-term presidency (OTP) has become a source of amusement, considering that he is unlikely to achieve it.

Didijiji:
Una get only 4 years and by then una go don cash out wella

OTP

We don hear

Pls come here and shout rigging abeg 🤣

I no one hear failure excuse 😂

helinues:
Probably you just arrived from Pluto regarding @emboldened. You are outdated

Dont doubt, i just arrived, why not update me on how Trump has removed benefits and tax refund .. you know i like facts

AjegunleBoy:
How did he know there was no money?
Has he assumed office b4 swearing day to knw there was no money?

There's is no money but there's money for yatch and vps residence?

Pls don't deceive or confuse us!

You can lie to yourself...but by August 2022, revenue was being eaten up by debt service. AUGUST 2022.

As put by this Nigerian guardian article

However, what many people fail to appreciate is that the current subsidy regime also fuels current inflation through higher budget deficits that are financed through ways and means and other forms of public debts. Most economists are in agreement that budget deficits financed through ways and means are inflationary. Current data shows that 95 per cent of government revenue is spent on payments of interests on government debts. It follows, therefore, that nearly all non-debt recurrent expenditure is financed by debt, including fuel subsidy. This is inflationary.

See the problem?

Note that I blame the government ultimately. Diversifying the economy since 2015, might have brought in extra reveneu for subsides.

Cos he knows he dint get to asorock thru election...but selection

Gid bless Asiwaju God bless Nigeria and all the people that wants good for Nigeria

Racoon:
And that made him a hero or leaders with foresight? Nope! It made him a liar as the APC-led Buhari govt repeatedly lied of removing the same fuel subsidy of which Tinubu is aware but played along with the propaganda

Meanwhile, it is the same fuel subsidy removal that the so called CSU certificate forging first class accountant vehemently rejected in 2012-14 and John Kayode Fayemi( former governor of Ekiti State) said the APC played politics with? You guys are incredibly heartless.

Truly, he was part of those that vehemently refused the removal during Jonathan's regime, however what stops Jonathan from going ahead with it and damn every consequences. President Jonathan chickened out because he was weak and not decisive. Do you know the number of protest Tinubu had witnessed in his regime, yet he was able to manage it and bring stakeholders to the table for negotiation. Truly, the reforms are painful but necessary, however the government has failed totally in providing succour for the people.

surgical:
He took a reckless action,without thinking because he was too full of himself, the I have the power and courage
He thought his advisers were brilliant and he he took their advice hook line and sinker,which call to question his Chicago certificate
Because the results has shown that ,that was a wrong step ,their magic wand has failed them
They did not even remove one or two subsidies, they removed all subsidies, everything subsidies in the country they removed not only fuel,yet they couldn't get enough money, they moved to taxes, they are still struggling, shouldn't that tell them that their problem is not what they spend on the people but their leadership and management style
Which they need to improve upon

Are you aware there is subsidy on electricity,are you aware there is subsidy on some agric inputs,are you aware there is subsidy on HIV drugs,are you also aware this govt is attempting to subsidise cancer and kidney treatments for the masses?

Say what you know and mot what you don't.

cr7lomo:
Cos he knows he dint get to asorock thru election...but selection

He would have kept subsidy then, because he would have known it was his ticket back to a second term (see what supreme court governor of Imo is doing with minninum wage..lol)

But for subsidy, there was no choice. Had nothing to do with whether he was elected or selected, the money had run out, and cutting government costs won't have funded an extension of subsidy (and yes, buying cars and yacht was very isnsentive and corrupt..but if the money had been funneled into subsidy, it would have been enough for a few weeks.)

helinues:
Honestly, considering some policies and reforms by this government, it takes mind to initiate them in first term.

Because he knew that election or no election he will rig him self in in the next election

helinues:
Honestly, considering some policies and reforms by this government, it takes mind to initiate them in first term.

Point of corrections tinubu didn't remove any subsidy it was buhari because it was not in 2023 budget they should stop deceiving nigerians

Lies. He needed to raise money for 2027 election while recouping money spent in 2023.

It’s more like he removed it and thought it will be a major move and breakthrough for his administration but it backfired. Liars

It is so painful that the only benefit of the reckless removal of subsidy and other policies that this scams call bold moves, is the NELFUND. NELFUND that benefits some few students. For two years you have indulge Nigerian into hardship and the only benefit is NELFUND.

God save us from this evil

jlo247:
Because he knew that election or no election he will rig him self in in the next election

Exactly. Tinubu has been behaving like he does not need the electorate to win elections. He know he has INEC, the Police, the military and most important of all, the courts.
A presidential candidate that relies on people's votes would not remove subsidy on petroleum, and then replace subsidy with 5% petroleum tax, float the naira, deduct N50 from every transaction above 10k, tax 25% of earnings above 800k, etc.

I really want to see how all these play out next year, just one year to a presidential election.

Didijiji:
subsidy is gone on the first day

Without understudying anything…. Just to sound woke

😂😂😂😂😂😂😂

People are funny, understanding what? Hope u are not forgetting the state of the Nation as of the time Tinubu was in Eagle square. 22states owing salaries up to 15months in some state.
Then u mean he should use another 1year to be patching d wounds? No. He already understood that Nigerians are very stubborn on subsidy issues

anonimi:
Yes o.

$84 billion subsidy savings in less than two years is not mọimọi.

Kiss the truth.

what have you done with the money?

How much has inflation eaten?

Why are you still borrowing?

“We affirm that it is turn of the South to complete its tenure.

“We posit that it is in the best interest of the South and Nation that the incumbent, President Bola Ahmed Tinubu completes the tenure of the South.

“Accordingly, we adopt him as the Sole Candidate of the South.

Softmirror:
please Jonathan is from North South

The guy been dey chop belleful with Jonathan government. How person wey dem comot him oga wey dey drop food for am go ever happy with person wey kick the table plus the food throw way ?! 😁