₦airaland Forum

Coming from such hypocrites who fought tooth & nail against GEJ when he needed to remove fuel subsidy! Taa!

Heavensake1:
That was the best time to remove it. There is nothing to study about Nigeria economy. It has been messed up already. Not removing it will only make it messier. Do not let bitterness and emotion collect brain from you.
As it is,over 70% of Nigerians have overcome the effect of subsidy removal. It is a matter of time we will forget about fuel subsidy,we will forgot it ever existed when we start experiencing development.
You guys should stop nagging about subsidy. It is gone for good. All we need to demand for are policies for economic growth. Cry for that not for fuel subsidy.

and 2 years after, the CNG buses or measures to alleviate the effects on subsidy removal are still not in place

Does it look like the government knows what it is doing sef 😂😂😂😂😂

Don’t be a co-Olodo i

Heavensake1:
That was the best time to remove it. There is nothing to study about Nigeria economy. It has been messed up already. Not removing it will only make it messier. Do not let bitterness and emotion collect brain from you.
As it is,over 70% of Nigerians have overcome the effect of subsidy removal. It is a matter of time we will forget about fuel subsidy,we will forgot it ever existed when we start experiencing development.
You guys should stop nagging about subsidy. It is gone for good. All we need to demand for are policies for economic growth. Cry for that not for fuel subsidy.

Imagine the audacity of Tinubu’s propagandists -over 70% of Nigerians have overcome the effect of subsidy removal. You mean 70% Nigerians have the same quality of life the had in May 2023? You mean Nigerian businesses are on the same level they were in May 2023? Most Nigerians have not had electricity for the past 2 weeks. I spend N10k daily on petrol to run my business (mind you I have solar, but the rains has conspired with Tunubu to deny me electricity for over one week now). Most shops in my area are barely operating, and someone have the audacity to come online and say 70% of Nigerians have overcome the effect of subsidy removal. Most people can't even charge their phones.

He removed subsidy without thinking of his next reselection

surgical:
no subsidy anywhere, just say you are still looking at the appropriate price to price those product or services
We don't have a caring government that will subsidise anything for anybody, if they talk of any subsidy its just propaganda

There is no point arguing with you,the facts are there,you can easily check......

surgical:
no subsidy anywhere, just say you are still looking at the appropriate price to price those product or services
We don't have a caring government that will subsidise anything for anybody, if they talk of any subsidy its just propaganda

There is no point arguing with you,the facts are there,you can easily check......
https://punchng.com/shocking-surge-electricity-subsidy-jumps-220-to-nearly-n2tn/

Lithiumite:
There is no point arguing with you,the facts are there,you can easily check......
https://punchng.com/shocking-surge-electricity-subsidy-jumps-220-to-nearly-n2tn/

Scam. Just like the petrol subsidy scam. Who are they paying the subsidy? With the frequent and periodic grid collapse, how many Kwh are the Gencos, Discos and Transmission Company supplying Nigerians, that they are claiming they are paying over N2 trillion? Mind you the FG still controls transmission.

Now if Tinubu claims his government is paying N2 trillion (that $1.333 billion) on electricity subsidy alone, how much is the total cost of the electricity Nigerians are consuming? How much percentage of that is the government paying?

Why would he think about the next election when he knows it is not election that wins you the presidency.

Own the judiciary

Own the legislature

Turn all or at least most of the states to APC states

Election is won.

Step 1: win 25% in at least 24 states and the FCT... Done by virtue of defections
Step 2: win the national vote .. with the mathematical and technological wizadry of INEC, the ballot snatchers in areas considered unfriendly and mass thumb printing skills...done
Step 3 - Go to court ...new houses built for judges na joke?

Your vote doesnt count

wirinet:
You that's good in economics, explain in ECN101 how Fuel (only petrol) being 197 and Dollar 470 was the sole the reason 22 states were owing salaries, contractors and and incuring heavy foreign debts.
What about the billions of dollars in subsidy scam the FG is involved in? What about NNPC that refused to audit their accounts for the past 20 year? What of governors that only exist to share and steal allocations from Abuja.

Have you seen any developed country without subsidy in one form or the other, particularly in energy and agriculture? Have you seen an industrialised country without cheap energy. Can Nigeria industrialised on petrol and diesel at over 800 per litre and electricity at 220/kWH?
Since to you (obviously a tribesman) Tinubu is the Nigerian messiah, what are his economic plan, I mean his industrialisation plans? How does he plan make Nigeria self sufficient and even become a net exporter of finished goods?

Thank you that you are aware the system is heavily corrupt before now, The planing now is clear and fruitful.we will get there soon just watch.

wirinet:
You that's good in economics, explain in ECN101 how Fuel (only petrol) being 197 and Dollar 470 was the sole the reason 22 states were owing salaries, contractors and and incuring heavy foreign debts.
What about the billions of dollars in subsidy scam the FG is involved in? What about NNPC that refused to audit their accounts for the past 20 year? What of governors that only exist to share and steal allocations from Abuja.

The truth of the matter is most of our income comes from oil, not from tax (this is important, and i will come back to it)...hence the stealing. If most of our income came from tax...there would have been a revolution since and all the currupt would be in jail. But a country where only 30% of people pay tax to federal and state governments, and 20% of income does not come from oil money....

As for us being able to keep fuel at 197 and dollar at 470...here is this article from 2022..the quote below comes from it

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

In other words, we were financing strong dollar (well , it was weak)...and fuel subsidy by taking on more debt. Would you have loved that to continue? Already we were spending 95% of government income by August 2022...to pay interests on government debts. At the end it was a scary ting going on there. We were on the road to Sri Lanka. Where there was no money at all(and indeed by May 28th, our effective forex reserve was 4 bn dollars, down from 32 bn dollars in 2017.)

(Note that I am not here to defend tinubu or callhim the greatest leader, I am here to tell you how bad it was as at August 2022...and why certain decisions were made).

And note that I do not deny corruption exists. It does, and it makes the matter worse (That's why regarding most government since 1960, I regard them as just looters continua .Except probably Muritala, but he was not in power for long enough even then).

Have you seen any developed country without subsidy in one form or the other, particularly in energy and agriculture? Have you seen an industrialised country without cheap energy. Can Nigeria industrialised on petrol and diesel at over 800 per litre and electricity at 220/kWH?
Since to you (obviously a tribesman) Tinubu is the Nigerian messiah, what are his economic plan, I mean his industrialisation plans? How does he plan make Nigeria self sufficient and even become a net exporter of finished goods?

1. We are not a developed or industrialized country...this is important.

2. I really find the argument you make here rather wrong. Yes, there are subsides, but they are not consumption subsides, they are production subsides...paid to the producers of the goods and services..not to the consumer. That is what keeps prices low.

3. In France and the USA...what a band A or b chap in nigeria would spend for 3 months of power, they spend for one month of power. And yes, they suffer well well. Nothing like 'cheap power'.(I compared notes with a relative who lived in the USA. For a one bedroom flat she spends the equivalent of three months for a five bedroom house, on band B, in nigeria).

4. Remember I told you not to forget about tax....subsides are paid for by taxes over there. High taxes. The UK , Germany and Denmark have good quality cheap healthcare....which is paid for at a tax rate that if t-pain ever dreamt of imposing it on nigerians, there would be riots that would surpass what is happening in Nepal now. Every nigerian would forget about tribe and religion and chase out the leaders.

5. Nigeria has had no leaders that want to take us to industrial level. Honestly, we don't have industrialization in any party manifesto, or in any elected leader manifesto. INstead, they talk about what they will do with oil money. But the thing is, if we want the benefits of the developed world, we have to do what they do.

Instead we want to be like Saudi Arabia, that produces 5-10 times the oil we have and has less than 50 million people. Or LIbya that before 2012 was producing 2-3 times the oil we did, and had 8 MILLION PEOPLE. That's why Ghaddafi was able to loot, and still give his people the good life. Wwe can't do that with 1.7m bpd and a population of 230 million or thereabouts.

6. Yes, consumption subsides exist in the industrial world, but they are for means tested poor people...the poorest of the poor,not for everyone.

If you have read all this and still want to call me oppressor, or tinubu boy, you are free to do so. Lord knows that most people don't get me on this site. But at the end, what I am pointing out is that the reason why we don't have good governments is because the government is not using or encouraging the use of our raw materials to make stuff the world needs...instead it sells them for monies at prices that are not determined by us, but by the people we sell to.We think we win, but we lose long term, and we don't have funding for the type of welfare state we want, so we finance some welfare by borrowing until the debt grows so huge it makes it impossible..

(I mean Ghana tried to raise the price of its cocoa...and all hell broke loose. At the end, they had to cut their losses and go back to the global minimum. Also Ghana sold a batch of raw cocoa for 2 bn dollars, and the company that makes Mars chocolate bar took part of that cocoa and used it to make products worth 17 bn dollars. And we wonder why the industrial world has so much money...)


P.S : In the 1980's naira was between N1-6 per dollar...and people STILL thought it was weak. And the economy then was a mess.

Most mentions didn't really respond to this message but the messenger 🤣

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

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.

I am ashamed of this government because they really troubled GEJ, even late BUHARI claimed subsidy was scam. He said "who his subsidy who"

What they claimed was a scam and never existed, they really deceived gullible Nigerians with their protest at Ojota.

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

OTP

From “He is senile and sick” to “he will never win the primaries” to “Buhari will shame him at the primaries” to “he will never be the President” to “he’s never going to be sworn in” to “Obadanjo has contracted foreign mercenaries from Russia to oust him” to “he will be sacked by the court” to “ he’s not my president “ and now “ He is an OTP😂😂😂 Una no dey shame?

Richie6:
I am ashamed of this government because they really troubled GEJ, even late BUHARI claimed subsidy was scam. He said "who his subsidy who"

What they claimed was a scam and never existed, they really deceived gullible Nigerians with their protest at Ikota.

1.GEJ should have removed subsidy in 2012, and told tinubu and buhari that they don't know economics and that Nigeria was losing billions of dollars to subsidy, even if it was properly done. But he too wanted to be reelected, so...he brought it back. Result...debt burden grew...plus we were still paying subsidy claims from GEJ time up till 2018, when Buhari finally signed off on an agreement with marketers to pay the balance left.

2. Subsidy was a scam. From people claiming subsidy money without transportin fuel, the massive smuggling being carried out by the rich and poor...and this predated GEJ coming into power, even truck drivers lying about transport data to collect extra money from subsidy funds...all this plus the rising number of people using fuel in nigeria...made subsidy a drain, rather than a blessing. By 2022, we were paying for subsidy with debt. That is what GEJ aling with NOI and even his enemy SLS were warning us against.

3. And yes, I blame most nigerians who because they preffered subsidy prefered to listen to the lies of tinubu and buhari, and company, rather than see the big picture in 2012.

Didijiji:
and 2 years after, the CNG buses or measures to alleviate the effects on subsidy removal are still not in place

Does it look like the government knows what it is doing sef 😂😂😂😂😂

Don’t be a co-Olodo i

You have been deceived. In the past by previous governments, the saying has been,subsidy will be removed stage by stage to create time for measures to alleviate the its effects. Before Tinubu came,what measures were on ground even when prices of fuel were raised several times?
You just wake up within two years to demand for measures,and you expect him to do the magic🤣🤣. Don't be otondo.
Well,you are allow to be against the policy,every policy has people like who criticize it for fun.

helinues:
Have you been deformed with the reforms?

It has deformed your likes and you know it.

nairalanda1:
(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.)

^^^
This record is stuck on repeat.

The subsidy is 'gone' as they say. Nobody is interested in lengthy academic debates on the pros and cons. The subsidy has been removed and that is yesterday's news. Its the aftermath we are concerned about now.

Your subsidy mantra doesn't have any solutions to the inflationary 'death roll' that is drowning the entire economy. That's what needs attention and swift action but you keep flooding the zone with subsidy history. Who cares about your subsidy 'epiphany' in 2012 or 2013 or whenever?

Only a demagogue would treat wasteful, highly questionable government spending (on frivolities like cadillacs, jets, yachts and whatnot) as a footnote instead of putting it front and centre where it truly belongs. But instead of tackling lawmakers for their failure to do their jobs and hold the executive accountable, you keep taking us down subsidy memory lane. Don't ever forget - your country's institutions are sick, dying or dead and that means any so called financial or economic 'reform' will not lead to real development.

Spare us the unwanted history lessons on subsidy and deal with the question of why federal and state budgets in this country are a journey into darkness. Your lawmakers are culpable. Your executive is culpable. Your judiciary is culpable. Why don't you focus on that instead of a done and dusted matter?

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

Excuse me Sir

Please, can you name at least three of such policies and reforms?

Wallahi!

President Bola Ahmed Tinubu will go down in history lane as the greatest president of Nigeria ever. May his reign be long and blessed!

nairalanda1:
1.GEJ should have removed subsidy in 2012, and told tinubu and buhari that they don't know economics and that Nigeria was losing billions of dollars to subsidy, even if it was properly done. But he too wanted to be reelected, so...he brought it back. Result...debt burden grew...plus we were still paying subsidy claims from GEJ time up till 2018, when Buhari finally signed off on an agreement with marketers to pay the balance left.

2. Subsidy was a scam. From people claiming subsidy money without transportin fuel, the massive smuggling being carried out by the rich and poor...and this predated GEJ coming into power, even truck drivers lying about transport data to collect extra money from subsidy funds...all this plus the rising number of people using fuel in nigeria...made subsidy a drain, rather than a blessing. By 2022, we were paying for subsidy with debt. That is what GEJ aling with NOI and even his enemy SLS were warning us against.

3. And yes, I blame most nigerians who because they preferred subsidy prefered to listen to the lies of tinubu and buhari, and company, rather than see the big picture in 2012.

Are you sure you followed proceedings very well? He did a partial removal after massive protests and unrest. It's not about reelection but for sake of peace because things were deteriorating and there was serious anger and rage in land caused by opposition.

I hope you remembered a man called "Adam's Oshiomole" how he deceived Nigerians and was used by opposition to organize protest. Former Governor of Ekiti state, Kayode Fayemi recently revealed their secrets of lies and propaganda which is still in the public space.

The debt you claimed incurred by GEJ cannot be compared to what's currently being owned now. Late Buhari and Tinubu completely destroyed the economy with their policies.

What GEJ lacked was the courage to deal with corrupt politicians and office holders.

One thing I know is that for Nigeria to succeed we must exercise patience with an administration and I believe we shoud focus on the devil we know now rather than messiah we don’t know.

I believe Nigeria will be great.

MeaslesMumpsRub:
Wallahi!

President Bola Ahmed Tinubu will go down in history lane as the greatest president of Nigeria ever. May his reign be long and blessed!

The same person that resisted subsidy removal in 2012 and called PDP all sorts of names for the failing economy. Tell me what has changed now?

Richie6:
The same person that resisted subsidy removal in 2012 and called PDP all sorts of names for the failing economy. Tell me what has changed now?

There is a difference between politics and governance and Asiwaju is a master of both.

mascot87:
Bro, them go b1te you for this your comment o. Just read the news and move on.

He has a laptop and stipend to protect!

If you know, you know!

Femi Gbajabiamila has seen the handwriting on the wall and he is blaming subsidy removal without considering next election.

Remember, these big politicians have babalawos that always give them information or foretell the future.

Tinubu will not be re-elected in 2027

Peter Obi is likely to be the president of Nigeria.

MeaslesMumpsRub:
There is a difference between politics and governance and Asiwaju is a master of both.

How's he governing Nigerians? Do you know how many millions of Nigerians has been pushed into poverty? The purchasing power of Nigerians has been cut off and the middle class completely evaporated.

Deceitful headline; it should be,"TINUBU REMOVED SUBSIDY WITHOUT THINKING ABOUT THE IMPLICATIONS ON THE MASSES" This subsidy removal mantra is stale please.
This is a classical case of acting before thinking , so far that's what we've seen. Mohamor Gaddafi was paying subsidies, free education to tertiary institutions etc with their oil monies until he was ousted by the west without borrowing from anyone. 🤔🤔🤔🤔

Fujiyama:
^^^
This record is stuck on repeat.

[s]The subsidy is 'gone' as they say. Nobody is interested in lengthy academic debates on the pros and cons. The subsidy has been removed and that is yesterday's news. Its the aftermath we are concerned about now.

Your subsidy mantra doesn't have any solutions to the inflationary 'death roll' that is drowning the entire economy. That's what needs attention and swift action but you keep flooding the zone with subsidy history. Who cares about your subsidy 'epiphany' in 2012 or 2013 or whenever?

Only a demagogue would treat wasteful, highly questionable government spending (on frivolities like cadillacs, jets, yachts and whatnot) as a footnote instead of putting it front and centre where it truly belongs. But instead of tackling lawmakers for their failure to do their jobs and hold the executive accountable, you keep taking us down subsidy memory lane. Don't ever forget - your country's institutions are sick, dying or dead and that means any so called financial or economic 'reform' will not lead to real development.

Spare us the unwanted history lessons on subsidy and deal with the question of why federal and state budgets in this country are a journey into darkness. Your lawmakers are culpable. Your executive is culpable. Your judiciary is culpable. Why don't you focus on that instead of a done and dusted matter?[/s]

As usual missing my final point, and just calling me oppressor.

Good morning.

Richie6:
Are you sure you followed proceedings very well? He did a partial removal after massive protests and unrest. It's not about reelection but for sake of peace because things were deteriorating and there was serious anger and rage in land caused by opposition.

I hope you remembered a man called "Adam's Oshiomole" how he deceived Nigerians and was used by opposition to organize protest. Former Governor of Ekiti state, Kayode Fayemi recently revealed their secrets of lies and propaganda which is still in the public space.

The debt you claimed incurred by GEJ cannot be compared to what's currently being owned now. Late Buhari and Tinubu completely destroyed the economy with their policies.

What GEJ lacked was the courage to deal with corrupt politicians and office holders.

1.Partial removal is what all our past leaders did, and what buhari did several times. Notthing special about it.

2. At the end whoever led the protests, GEJ should have still removed subsidy. WE WERE EFFING LOOSING MONEY.

3. Yes, he incurred debt and wasted our forex from the oil boom...to feed oil subsdy and a host of other palliative projects...which is what all our leaders, tpain included do. Which is why I don't like any of them , including this government.

4. GEJ lacked courage to totally remove fuel subsidy.



You Nigerians , should realize, that the reason why our leaders, gej and tinubu INCLUDED, are bad, is because resource dependency, and not because subsidy or debt. RESOURCE DEPENDENCY.