₦airaland Forum

gulfer:
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. 🤔🤔🤔🤔

wirinet:
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?

Richie6:
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.

Newsmills:
Every Nigerian child today is guaranteed a tertiary education courtesy of the Nigerian Education Loan Fund (NELFUND) With the signing into law of the tax reforms, President Bola Tinubu has ushered in a new era of economic justice, built on fairness, accountability, and national purpose.

He had succeeded in recouping whatever he invested in the elections in 2023,trillions of naira pumped into superhighways were the calculations,so stop deceiving the people,buying of Agip oil company is part so stop needless discussions.Since there’s food eat do not generalize blessings others have not received.

Heavensake1:
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.

Wickedlywicked:
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?

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

nairalanda1:
Ghaddafi was presiding over oil production of 5-6bn BPD for just 7 million people by 2011...that's why he had enough revenue to pay for all them goodies

Nigeria as at 2011, was doing 2.3 bn BPD for 200 million people. Yeah, we were taking on debt to pay for subsides.

gulfer:
Stale, this is not about population......it's about doing the right things right

Lithiumite:
No authority has come out to disprove that claim......I know and many who are informed is aware there is subsidy in that sector,if not many people won't be able to afford the cost reflective tarrifs the discos would have charged.....nerc is there,u can go confirm,stop making assertions you aren't informed on.

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.

Riskymarvelous:
the same subsidy GEJ were trying to remove back in 2012 is the same tinubu that started the protest so that it won't happen you can only deceive your people not me

nairalanda1:
And the right thing would be to diversify the economy, and to also....industrialize

And stop lying to yourself. It is also about population. 7million relying on income from 5m bpd is gonna have a better quality of life than 230 millionrelying on income from 1.7m bpd.

But because you are so fixated on oil, you miss my point. Most of you want to live like UAE and dubai...you don't want to live and be like china and usa and japan and germany. If oil runs out tomorrow, UAE and Saudi and LIbya would collapse. The industrial nations will survive.

No, this is not a defence of tinubu. See my first sentence, and you will know that tinubu is doing neither, and you will understand why he is a bad leader. And no, I did not say no corruption...corruption exists and makes our bad situation worse.

Stop campaigning for your side like yarimo and helinues do, like raccon and iwaeda, and see the big picture. Most of you don't see the big picture. That's why we are underdeveloped and rely on something that cannot feed even 10 millon people, removing corruption and stealing. And why we have a tinubu ruling us, instead of a Lee Kwam yeu clone.

The oil is not enough, and your government fails you by not realizing that.

wirinet:
You are just talking without passing any information, what exactly is a cost effective tariff? How much is it to generate 1kwh of electricity, how much to distribute, and how much is government charging to transmit? We need figures. You can't tell people to go to NERC when you are the one making the assertions. It behoves on you to provide the figures or at least the links.
It's simple mathematics, I know how much it cost for my petrol generator to produce 1kwh of electricity, same for my Solar set up. It should not be a secret.
Then what of the hydro power plants like kainji dam. What has the government done about the Mambila dam, that was supposed to add over 3,500Mw to the national grid?
A sane government is run on transparency.

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

Abdul05:
This is rubbish .

Even before tinubu was elected president.Nigeria's problems had not been solved,nor have they ever truly been resolved.

Regardless of the records either good or bad..tinubu has ruled the country once as president..

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

OTP

hoseao:
I have realised removing the fuel subsidy the way he did was a master stroke. With what we are seeing now! The fuel and oil cabal are way too connected and powerful! Baba calculated this move very well, it was not a careless decision it was well calculated and thought through, there was no other way, the cabal will crumble any process or any plan both in phases and outright after that inaguration.

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

Lithiumite:
I equally expected you to counter m with facts as you are inferring..... electricity subsidy details is all over google from different sources but not one against the fact......I have only pointed out your fallacies that there are no welfarist policies for the people by this govt......the only thing those opposed to this govt are good at is spreading lies and propaganda,that I won't accept.

helinues:
Why should I be yardstick for everything . Why are you not interested in respecting yourself on this forum?

Uchesis:
My friend willl you keep quiet jooh!

Only a fool believes Nigeria has no money


Where did the money for yacht, presidential jets, VP lodge renovation etc come from?

Where did the largese to governors come from?

Abegi shift jare

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

Eriokanmi:
Through I had taken a break from NL, till November,your post got me. It really aroused my interest.

See, this country is sitting on a keg of gunpowder,waiting to explode. The FG had exhausted all their ever-known strategies yet, nothing is working. The fact is, their followers aren't enlightened enough to counter them, each time they come out to reel out their usual lies. How gbajabiamila, the former speaker of the house of reps had suddenly forgotten that it was buhari who actually removed the subsidy from the 2023 budget remains appalling. All the APC members, including reps and senators knew this fact, including tinubu himself.

However, the duty of a president is to stabilise the economy and alleviate the sufferings of his people. Since he had known the fact that subsidy provision wasnt part of the 2023 budget, he ought to have known that it's truly gone and made a provision for a supplementary budget which would have taken care of the palliatives to cushion the inevitable effect. Again, just like Angola had done in their subsidy removal in phases, he ought to have done the same in order to protect the economy and the people from collapse. Afterall, democracy is about the people and not individuals. You can't say subsidy is gone without any palliatives already in place. He ought to have consulted Jonathan abd asked how he did his own,which he sponsored protests to stop. Tinubu's action on the removed subsidy without palliatives already in place was as good as sending your child to school on an empty stomach and say, son/daughter,enjoy your day and be merry! When you return in the evening, I'll give you food. That child won't assimilate anything. He'd come back looking miserable.

On the aspect of reverting to taxing Nigerians as you posited, it was part of their ever-known fake policies. At an FIRS office recently, all of them that used to be busy were found sleeping on their desk while some were gossiping. The place that used to bubble with taxpayers at the 21st of every month when filing returns. In a month, before Tinubu came, a staff told me they used to generate 60m naira in that office but now, to see 5m naira dey hard them. That's just a branch oo. If you now sum up monthly remittances from all the FIRS offices in Lagos alone, na billions of naira losses.

I learnt from them that, from the nationwide data of active SMEs available to them, as at 2022, over 50,000 SMEs monthly remittance had stopped (btw 2023 and now). Its either they've closed shop or they're bankrupt. They said they've written to some SMEs under their MSTO coverage but they said they weren't able to cope with the situation. Some said they're no more in Nigeria. Let's assume out of the entire companies in Nigeria only that 50,000 SMEs were remitting 1m naira monthly, that's 600bn naira yearly. This isn't part of the blue chip companies and large corporations that can remit up to 5m monthly and above. Remember some of them have also left the country. I was at Ikeja shop rite yesterday and saw a wide empty space. A doubting thomas should go there and confirm.

So, tinubu started off on a wrong foot. Millions of artisans are out of jobs now, playing ludo, snooker and draught from morning till evening on every street here in lagos. Is that what tinubu has come to power to cause Nigerians? Even if he doesn't come back in 2027, which is every sane Nigeria's prayer right now, he'd be leaving a lot of wounds behind, which will give his successor a tough time to heal. They're already blaming buhari, a much better leader for their woes and that will be their sing their closomg remark when leaving the office, as the reason behind their poor performance.

nairalanda1:
And the right thing would be to diversify the economy, and to also....industrialize

And stop lying to yourself. It is also about population. 7million relying on income from 5m bpd is gonna have a better quality of life than 230 millionrelying on income from 1.7m bpd.

But because you are so fixated on oil, you miss my point. Most of you want to live like UAE and dubai...you don't want to live and be like china and usa and japan and germany. If oil runs out tomorrow, UAE and Saudi and LIbya would collapse. The industrial nations will survive.

No, this is not a defence of tinubu. See my first sentence, and you will know that tinubu is doing neither, and you will understand why he is a bad leader. And no, I did not say no corruption...corruption exists and makes our bad situation worse.

Stop campaigning for your side like yarimo and helinues do, like raccon and iwaeda, and see the big picture. Most of you don't see the big picture. That's why we are underdeveloped and rely on something that cannot feed even 10 millon people, removing corruption and stealing. And why we have a tinubu ruling us, instead of a Lee Kwam yeu clone.

The oil is not enough, and your government fails you by not realizing that.

Eriokanmi:
Through I had taken a break from NL, till November,your post got me. It really aroused my interest.

See, this country is sitting on a keg of gunpowder,waiting to explode. The FG had exhausted all their ever-known strategies yet, nothing is working. The fact is, their followers aren't enlightened enough to counter them, each time they come out to reel out their usual lies. How gbajabiamila, the former speaker of the house of reps had suddenly forgotten that it was buhari who actually removed the subsidy from the 2023 budget remains appalling. All the APC members, including reps and senators knew this fact, including tinubu himself.

However, the duty of a president is to stabilise the economy and alleviate the sufferings of his people. Since he had known the fact that subsidy provision wasnt part of the 2023 budget, he ought to have known that it's truly gone and made a provision for a supplementary budget which would have taken care of the palliatives to cushion the inevitable effect. Again, just like Angola had done in their subsidy removal in phases, he ought to have done the same in order to protect the economy and the people from collapse. Afterall, democracy is about the people and not individuals. You can't say subsidy is gone without any palliatives already in place. He ought to have consulted Jonathan abd asked how he did his own,which he sponsored protests to stop. Tinubu's action on the removed subsidy without palliatives already in place was as good as sending your child to school on an empty stomach and say, son/daughter,enjoy your day and be merry! When you return in the evening, I'll give you food. That child won't assimilate anything. He'd come back looking miserable.

On the aspect of reverting to taxing Nigerians as you posited, it was part of their ever-known fake policies. At an FIRS office recently, all of them that used to be busy were found sleeping on their desk while some were gossiping. The place that used to bubble with taxpayers at the 21st of every month when filing returns. In a month, before Tinubu came, a staff told me they used to generate 60m naira in that office but now, to see 5m naira dey hard them. That's just a branch oo. If you now sum up monthly remittances from all the FIRS offices in Lagos alone, na billions of naira losses.

I learnt from them that, from the nationwide data of active SMEs available to them, as at 2022, over 50,000 SMEs monthly remittance had stopped (btw 2023 and now). Its either they've closed shop or they're bankrupt. They said they've written to some SMEs under their MSTO coverage but they said they weren't able to cope with the situation. Some said they're no more in Nigeria. Let's assume out of the entire companies in Nigeria only that 50,000 SMEs were remitting 1m naira monthly, that's 600bn naira yearly. This isn't part of the blue chip companies and large corporations that can remit up to 5m monthly and above. Remember some of them have also left the country. I was at Ikeja shop rite yesterday and saw a wide empty space. A doubting thomas should go there and confirm.

So, tinubu started off on a wrong foot. Millions of artisans are out of jobs now, playing ludo, snooker and draught from morning till evening on every street here in lagos. Is that what tinubu has come to power to cause Nigerians? Even if he doesn't come back in 2027, which is every sane Nigeria's prayer right now, he'd be leaving a lot of wounds behind, which will give his successor a tough time to heal. They're already blaming buhari, a much better leader for their woes and that will be their sing their closomg remark when leaving the office, as the reason behind their poor performance.

nairalanda1:
Allow me to interrupt, but the problem with your supplentary budget idea is quite simply there was no money for it

Debt service was eating 95 % of our income by august 2022. We were financing subsidy then by debts. Which was causing inflation. We were all borrowed up

I am not lying or defending any politicans


See the article ' reflections on the fuel subsidy in Nigeria' which explains better . Guardian, august 14 2022

KOE1:
Corruption is everywhere in the world! People benefiting from corruption will see things differently and would not want the country to take decision that will afect them...

Yes, the President need not wait until 3 years before removing subsidy. Yes, bold step is a part of strategic planning and can be planned even before getting a position.

Let every Nigerian be true and support what is true and give suggestion for the way forward.

If you have l, vision...what have you done in your community?