₦airaland Forum

djseanjohn77:
Many of you are as ignorant as what I cannot imagine or describe.... Perhaps you should try leave your comfort zone and move around the globe or do a little digging - Try using your brain to make investigation of your own. There is AI now tools now design to give you perfect solution and information on the status of the world economy and how it affects Nigeria more than those dumb head adults who call themselves - who are still relying on some texts written 80 years ago - models that do not work again in today's world.

Babablu Bulabu.

You need AI to tell you that Nigeria is generating 5,000 megawatts while generators in homes and businesses have combined capacity of over 20,000 megawatts? Which means petrol runs almost everything in Nigeria which makes Nigeria to be severely affected.

You should have voted for AI but you chose Tinubu.

Even if local and government owned refineries are working 100%, fuel would still have sold at same price it is currently selling. Subsidy removal means oil business is now subject to market forces. If subsidy, then how do we deal with smuggling and over-inflating subsidy amounts?

jmoore:
Babablu Bulabu.

You need AI to tell you that Nigeria is generating 5,000 megawatts while generators in homes and businesses have combined capacity of over 20,000 megawatts? Which means petrol runs almost everything in Nigeria which makes Nigeria to be severely affected.

You should have voted for AI but you chose Tinubu.

Yeah, we should put all the blames on Tinubu for the meager 5k MW output since 1973. You left the people that spent $20billion in power in 2007 to blame the man that took oath of office not up to 3 years ago. You have done well.

NIGERIANS ARE JOKERS!!!!!

A NATION THAT JUST RECENTLY RECOVERED FROM 28 OF ITS 36 STATES BEING BANCKRUPT { UNABLE TO PAY SALARIES}

ALREADY THINKING ABOUT RETURNING SUBSIDY JUST because OF SMALL 1MONTH OIL WIND FALL..

YET U WANT LIGHT, GOOD ROADS, SECURITY, REGULAR SALARY..

UNAH NEVER READY

DeOTR:
Yeah, we should put all the blames on Tinubu for the meager 5k MW output since 1973. You left the people that spent $20billion in power in 2007 to blame the man that took oath of office not up to 3 years ago. You have done well.

He should connect the coastal road across atlantic ocean, so we can drive from Lagos to USA.

Image123:
FG cannot and should not bring down anything. BTW, the speaker in the OP is saying a truck of rubbish only fit for media pages.
Who stops Ahmad from increasing the cost of goods or Mummy Deborah from increasing the cost of goods? Mr President doesn't believe in the headache of price regulation because Nigerians are ready to buy, this is basic demand law. If you don't demand, price will drop. But we will eternally demand, it's even a flex. It's a multihydra headed problem that's more than what FG alone can do in a quick fix.
The law of demand states that, ceteris paribus (all else being equal), as the price of a good or service increases, the quantity demanded by consumers decreases. This DOES NOT work with Nigerians. Even when people go for a 'cheaper' alternative, that alternative price increases to same level as the former, and it rarely comes down in Nigeria.

In 2026, you are still quoting those imaginary theories of demand and supply determining the price of a product.
The prices of every on earth is determined primarily by government policies. Manufacturers, Suppliers, retailers etc conduct businesses with fiat currencies design to loose value over time thereby reducing the purchasing power as a result of price increment.
Let's talk about crude oil, natural gas, gold and Co pricing.
This commodities are traded on commodity exchanges like ICE, NYMEX, CME etc where two parties (longers and shortened) determine it price. The longers buy future contracts expecting price to rise and make profit while the shortened sell future contracts expecting to drop as to make profit. The party that has money wins the game and move price in there direction until the next party emerge.
Finally, people not buying a product doesn't reduce the price.

Image123:
FG intervened for decades with fuel subsidy. Do you remember?

Yes. They mismanaged it by using it to settle political favours and letting corruption run rampant in it. Then they scraped it - for good or bad.

But now, we're talking about intervening during an EMMERGENCY situation. We have a situation that threatens to tank our economy and send millions into joblessness and poverty - at a time we can't afford that.

The corruption that attended it in the past doesn't have to come back and they don't have to retain it forever. I explained it in this thread - https://www.nairaland.com/8639149/why-president-tinubu-should-temporarily

nairalanda1:
I don't support any politican, I never and never will vote for tinubu, yet I beleive subsidy is bad.

Plus in 2012, most of you who were supporting the other guys were in the subsidy is bad religion. How far?

Nigeria cannot afford a subsidy because we don't have a diversifed economy, a good enough revenue from tax, and a corruption free government, as well as an industrial sector. All these means that any time subsides are around, we always end up spending our reserve, our earned money, and even the money we take as loans on subsidy...and it means we take more debt, which makes things worse.

Let's even say we subsidise fuel to N600 per liter from the N1300 it is at now. At 60 million liters, it's going to cost..42 billion naira daily assuming gvernment spends 700 naira , which is the minnum they can spend for subsides. That amounts to...15 trillion yearly. And that is depdending on if the cost of crude does not go up from where it is at now. If it does, we could be spending 30 trillion or more eventually

Where is that money going to come from? There is no budgetfor subsidy, and right now, any benefits from oil price increase, the money will come, but not immediately, so tha tmeans that it would come from the budget...60 trillion. And to fill that hole we are going to borrow.

And guess what, smuggling is going to resume. And let us be real...there is no way that any government that subsidises fuel can stop smuggling. GHaddafi was using jet fighters to bomb smugglers in 2008. They just took cover and waited till the planes got back to base, and resumed trading (and weapons are finite). SO, guess what, our consumption would shoot up to 100 million barrels per day, which amounts to...21 trillion yearly. Again that depends on if crude oil prices don't rise....and our budget is 60 trillion naira.

Because the worst case scenairo is crude rising to 120 -130 dollars per barrel, and subsidy costs rising as well...meaning we could be essentually spending money like a river just to keep fuel at N600. We would think we are enjoying, but we are using tomorrow's money, infact our grandkids money to eat today.

And when we borrow, we worsen the already bad debt we have. When oil prices go down, that is when the real koko starts...no money to pay for anything. That's when the emperor has no clothes. That's when subsides would be sustained by borrowing, and salaries would get delayed.

And our reserve would get drained to the bones (that's why Jona wanted to remove subsides in 2011, because he was being warned about what would happen idf we did not...but nigerians said no. ).

That is why some of us are scared of subsidy. It has nothing to do with who is in government...and it annoys me when people sit down and call someone government supporter because they support subsidy removal. It has everything to do with the debt situation and not making it even worse, and keeping domestic refining profitable, so that we don';t go back to where we were after 1994, when government was taking NNPC's maintenance and upgrade costs to help pay for subsidy with predictable results.

No, I don't think you're speaking for the government at all. Even if you were, it's easy to tell someone who actually know what he's talking about apart from a random government praise singer.

And no, I've never been counted among the supporter of any politician. I was ambivalent about subsidies because I knew the job losses and poverty its removal would bring while recognising the waste it was and the fact we can't progress with it in place, but I argued for its managed removal.

To your points, I think you've painted the worst scenario. I strongly believe we need some subsidies in situations like the current one, but only as emergency measures to save the economy from tanking. No, I don't think they should subsidise it to N600 - that will amount to the government taking the entire burden. What they can do is to cap it and introduce a weekly pricing system - such that anytime it rises above, say, N1,170, subsidy kicks in and a fixed price is announced for the week. At the end of that week (or month, as they do in South Africa), subsidy is gone, unless a new price is announced - and that would only be done if prices are still above the cap and subsidies are still necessary. If this sounds complicated, all I'm saying is, they can set a price beyond which it can't rise for now. Paid for with some of the excess funds they're making from higher prices.

Yeah, it's fraught with problems too - but you have to weigh and balance things. They said the problem with subsidy was the corruption. That should be easier to deal with now, since they'll be dealing only with Dangote and not importers. If we were an organized country, a perfect scenario is one in which they give him crude at a fixed price - and not have to use borrowed funds. Surely, they can give Dangote crude at the budget benchmark of $68 (or whatever the price was the day the war started or they can even mark it up a bit to, as I said, share the burden) for this purpose - this way, they take nothing from the budget to fund the temporary subsidy.

Kukutente23:
See how you are giving Ahitophelian vibes.

Have you read about the man in your Bible?

You seem to even be ready to blame Nigerians for existing at all and not allowing your gods to just preside over Nigeria without humans as long as he can somehow be called President.

That's a compliment, given that Ahitophel's advice were 100% correct and like an angel talking, divine. Thanks.
We know Nigerians very well, don't hide behind one finger dear. In every sphere in this location, we show pepper, no be today. i just copied one example randomly below.

2024 i opened a pure water factory for additional income.

In fact in my head I had imagined that it’s blood money business I was about to enter because I felt the expenses will be small so I imagined plenty profit.

In my mind I said after all I’m not buying the water.

Anyway let me first use 5 minutes to laugh at my self first before I start 😂😂😂

I bought every machine it needed to Nafdac standard,I also registered it with Nafdac so my sale was very legit.
That gave me my first experience with Nafdac

I started with 3 cars,a hilux truck and 2 open boot bikes.

We kicked off and my reality set in.

First of all printing of roll was more expensive than i thought,already taking half of my money.

Then as a producer our price is usually regulated with other factories,we cannot give drivers higher than other factories because we had a union binding us and it was part of our rules.

We are producers so we don’t sell directly,we give to drivers at cheaper rate then they sell and make their money.
As at that time I was giving each bag of water to my drivers at 120 naira a bag sometimes 150.

Now I will still buy fuel for the cars ooo
Even when i considered the option of them buying fuel and adjusting their price I still suffered for it.

I also pay each bagger 10 naira to bag 1 bag,this is minus other salaries of the people in production handling the major sealing machines ooo

I was burning electricity and light bill as if fire was burning my Nyash.

I changed filters every two weeks and it’s not cheap

I ran diesel to support Nepa because of course I live in Nigerian.

I had so many staffs on salaries too and there are so many other expenses i cannot say all here.
Abi is it car maintenance,story for another day 🥱

Drivers will owe me and they kept giving excuses that customers are owing them,all lies,infact me,drivers and police station became customers every week.

I gave most of this drivers accommodation ooo but the truth is they are full blown thieves.

At the end of every sales I make money but it goes like the wind to expenses and I will be left with only money to replace the rolls to produce again.

To cut the long story short I was close to running madd then I shut down the business and I regained my sanity.

If you have ever ran a pure water business you will understand this post better than anyone else,and if you intend to open a pure water factory first go to Amadioha and take juju make all your workers first swear oath before you start and take jazz not to run madd.

Image123:
That's a compliment, given that Ahitophel's advice were 100% correct and like an angel talking, divine. Thanks.
We know Nigerians very well, don't hide behind one finger dear. In every sphere in this location, we show pepper, no be today. i just copied one example randomly below.

I never knew betrayal and suicide are complimentary. But how do I know that you're wired to see things?

Your pure water guy obviously did not do his research well before jumping into the business. I can boldly say pure water business is about the easiest business to run with a decent profit in Nigeria. Why do you think so many pure water firms are around us today. I can point to so many errors he made as someone who is conversant with the business. But that's not my business so I just wish him better luck next time. And I'm shocked you still want to blame Nigerians for his failure. Will you also praise Nigerians for the success of others in the business or they are only available for blame in your dictionary?

Kukutente23:
I never knew betrayal and suicide are complimentary. But how do I know that you're wired to see things?

Your pure water guy obviously did not do his research well before jumping into the business. I can boldly say pure water business is about the easiest business to run with a decent profit in Nigeria. Why do you think so many pure water firms are around us today. I can point to so many errors he made as someone who is conversant with the business. But that's not my business so I just wish him better luck next time. And I'm shocked you still want to blame Nigerians for his failure. Will you also praise Nigerians for the success of others in the business or they are only available for blame in your dictionary?

2Sa 16:23 KJV And the counsel of Ahithophel, which he counselled in those days, was as if a man had enquired at the oracle of God: so was all the counsel of Ahithophel both with David and with Absalom.

As i knew, you can't erase the fact about your crude and fantastically corrupt behaviors. My advice and point stands, no wise government will subsidize fuel to/for Nigerians at this time. Cry yourself to sleep dear.

JuanDeDios:
Yes. They mismanaged it by using it to settle political favours and letting corruption run rampant in it. Then they scraped it - for good or bad.

But now, we're talking about intervening during an EMMERGENCY situation. We have a situation that threatens to tank our economy and send millions into joblessness and poverty - at a time we can't afford that.

The corruption that attended it in the past doesn't have to come back and they don't have to retain it forever. I explained it in this thread - https://www.nairaland.com/8639149/why-president-tinubu-should-temporarily

This is not an emergency, no one can predict how long and what direction the middle east crises would go on. The FG must stay focused and disciplined. The heavens are not going to fall, we've been through worse. We've got over 200million people, that's a NO NO for subsidy. We simply can't afford it as a nation.

Gboss247:
In 2026, you are still quoting those imaginary theories of demand and supply determining the price of a product.
The prices of every on earth is determined primarily by government policies. Manufacturers, Suppliers, retailers etc conduct businesses with fiat currencies design to loose value over time thereby reducing the purchasing power as a result of price increment.
Let's talk about crude oil, natural gas, gold and Co pricing.
This commodities are traded on commodity exchanges like ICE, NYMEX, CME etc where two parties (longers and shortened) determine it price. The longers buy future contracts expecting price to rise and make profit while the shortened sell future contracts expecting to drop as to make profit. The party that has money wins the game and move price in there direction until the next party emerge.
Finally, people not buying a product doesn't reduce the price.

i can't help you, you should have listened in class.

Image123:
2Sa 16:23 KJV And the counsel of Ahithophel, which he counselled in those days, was as if a man had enquired at the oracle of God: so was all the counsel of Ahithophel both with David and with Absalom.

As i knew, you can't erase the fact about your crude and fantastically corrupt behaviors. My advice and point stands, no wise government will subsidize fuel to/for Nigerians at this time. Cry yourself to sleep dear.

2Sa17:23 Now when Ahithophel saw that his advice was not followed, he saddled a donkey, and arose and went home to his house, to his city. Then he [b]put his household in order, and hanged himself, and died; and he was buried in his father’s tomb.

I'm sure you're hungry for the above ending. See his first advice too. I'm sure it is "good" advice in your eyes

2Sa16:21 And Ahithophel said to Absalom, “Go in to your father’s concubines, whom he has left to keep the house; and all Israel will hear that you are abhorred by your father. Then the hands of all who are with you will be strong.” 22So they pitched a tent for Absalom on the top of the house, and Absalom went in to his father’s concubines in the sight of all Israel.

It's not even like you hate corruption. You only hate it when the people doing it are not your political gods.
No crying here. You're among the Nigerians who don't deserve subsidy so if you're not exempted why should I cry? Let's enjoy it together darling

Kukutente23:
2Sa17:23 Now when Ahithophel saw that his advice was not followed, he saddled a donkey, and arose and went home to his house, to his city. Then he [b]put his household in order, and hanged himself, and died; and he was buried in his father’s tomb.

I'm sure you're hungry for the above ending. See his first advice too. I'm sure it is "good" advice in your eyes

2Sa16:21 And Ahithophel said to Absalom, “Go in to your father’s concubines, whom he has left to keep the house; and all Israel will hear that you are abhorred by your father. Then the hands of all who are with you will be strong.” 22So they pitched a tent for Absalom on the top of the house, and Absalom went in to his father’s concubines in the sight of all Israel.

It's not even like you hate corruption. You only hate it when the people doing it are not your political gods.
No crying here. You're among the Nigerians who don't deserve subsidy so if you're not exempted why should I cry? Let's enjoy it together darling

Not sure if you identify as a Christian or a student of the Bible but this is what is called forcing the Bible to say what you want (eisegesis).
i gave advice to the FG on subsidy which you tried to compare me to Ahithophel. Ahithophel's advice were like divine, according to the Bible. That's a huge compliment. If Absalom had followed his advice, his father would have been in big trouble. Twisting it to assume the FG would bring subsidy instead of taking good advice, and then going the suicide route is a lorryload of delusion best ignored.
Nigeria can't subsidize fuel. It's a terrible advice. Why? We have over 200million people to subsidize, aside the corruption of diverting to subsidize other African countries and presenting false and inflated claims to the government. We don't produce enough to get the revenue. That's some crazy way to spend money when we have bigger problems like electricity, healthcare, education and infrastructure deficits. i really don't expect you to see this dear, you'd be jobless if you did.

Image123:
Not sure if you identify as a Christian or a student of the Bible but this is what is called forcing the Bible to say what you want (eisegesis).
i gave advice to the FG on subsidy which you tried to compare me to Ahithophel. Ahithophel's advice were like divine, according to the Bible. That's a huge compliment. If Absalom had followed his advice, his father would have been in big trouble. Twisting it to assume the FG would bring subsidy instead of taking good advice, and then going the suicide route is a lorryload of delusion best ignored.
Nigeria can't subsidize fuel. It's a terrible advice. Why? We have over 200million people to subsidize, aside the corruption of diverting to subsidize other African countries and presenting false and inflated claims to the government. We don't produce enough to get the revenue. That's some crazy way to spend money when we have bigger problems like electricity, healthcare, education and infrastructure deficits. i really don't expect you to see this dear, you'd be jobless if you did.

It is rather you who is forcing your own narrative on the Bible. The Bible never said nor implied Ahithophel's advice was 100% correct and divine. What is written in the Bible was a metaphor for how relevant Ahithophel's advice was specifically for David and Absalom. No one doubts am instruction from the oracle of God. That's why the only time his advice was rejected, his ego felt so bruised that he committed suicide. If you're a Christian or Bible student as you claim, you'll know that it's clearly written in the commandments given to God by Moses in Leviticus that no man should go unto his father's wife. More importantly, in Genesis, Ruben was cursed by Jacob for doing that exact same thing. That's the advice you claim is 100% correct and divine. It's also amusing that you believe after giving wrong advice the first time, Absalom should listen to him again.
It is not the correctness or not of your advice that I'm speaking of but your framing of it as if Nigerians are the problem. If you say we can't afford it maybe it could sound reasonable but to say Nigerians don't deserve subsidy because we're wicked just shows how darkened your heart is towards your fellow countrymen. What could have brought you to this level? You don't have to deride and hate your fellow countrymen to show political support for your god.

Image123:
This is not an emergency, no one can predict how long and what direction the middle east crises would go on. The FG must stay focused and disciplined. The heavens are not going to fall, we've been through worse. We've got over 200million people, that's a NO NO for subsidy. We simply can't afford it as a nation.

It's an emergency – since we didn't plan for it. We can afford it. Take a little out of the extra billions you're making from the rise in crude oil prices. That's what a proactive government would do. If the war lasts long, we'd continue to rake more money into the excess crude account, right?

Anyway, read the tweets on this thread. Should help you people put things into perspective and see that Nigerians deserve constant subsidies - https://www.nairaland.com/8642104/uk-man-surprised-nigeria-average

JuanDeDios:
It's an emergency – since we didn't plan for it. We can afford it. Take a little out of the extra billions you're making from the rise in crude oil prices. That's what a proactive government would do. If the war lasts long, we'd continue to rake more money into the excess crude account, right?

Anyway, read the tweets on this thread. Should help you people put things into perspective and see that Nigerians deserve constant subsidies - https://www.nairaland.com/8642104/uk-man-surprised-nigeria-average

As an emergency, i'm looking at something that is sudden and that demands quick intervention. Except you know when the crises ends, it's not in that sense of an emergency. Same way the Russia/Ukraine thing started and it's still on after many years. No one knows how long and how far crude oil prices will go or fluctuate. There is no such extra billions that you refer to. The country is living in billions/trillions of deficit/debt. Kindly be more practicable to state how much that little you are asking for really is. You can start with realistic per day or week or month figures that you're expecting to be spent. Thanks.

Image123:
As an emergency, i'm looking at something that is sudden and that demands quick intervention. Except you know when the crises ends, it's not in that sense of an emergency. Same way the Russia/Ukraine thing started and it's still on after many years. No one knows how long and how far crude oil prices will go or fluctuate. There is no such extra billions that you refer to. The country is living in billions/trillions of deficit/debt. Kindly be more practicable to state how much that little you are asking for really is. You can start with realistic per day or week or month figures that you're expecting to be spent. Thanks.

A war is as sudden as it gets. But that's not the point. The point is high oil prices beyond which the economy can't cope - that's emergency I'm referring to. The war in Ukraine only raised prices for a bit before things mostly returned to normal. Again, if that doesn't happen this time and the war continues, billions will continue to roll into the excess crude account. No such billions exist? Well, oil prices have risen far beyond what's in the budget, so there's deffinitely excess funds. How much is it? That's why you should join the call for TRANSPARENCY.

About figures, I explained with them in this post - https://www.nairaland.com/8641669/what-fg-bring-down-petrol/2#138891197

Kukutente23:
It is rather you who is forcing your own narrative on the Bible. The Bible never said nor implied Ahithophel's advice was 100% correct and divine. What is written in the Bible was a metaphor for how relevant Ahithophel's advice was specifically for David and Absalom. No one doubts am instruction from the oracle of God. That's why the only time his advice was rejected, his ego felt so bruised that he committed suicide. If you're a Christian or Bible student as you claim, you'll know that it's clearly written in the commandments given to God by Moses in Leviticus that no man should go unto his father's wife. More importantly, in Genesis, Ruben was cursed by Jacob for doing that exact same thing. That's the advice you claim is 100% correct and divine. It's also amusing that you believe after giving wrong advice the first time, Absalom should listen to him again.
It is not the correctness or not of your advice that I'm speaking of but your framing of it as if Nigerians are the problem. If you say we can't afford it maybe it could sound reasonable but to say Nigerians don't deserve subsidy because we're wicked just shows how darkened your heart is towards your fellow countrymen. What could have brought you to this level? You don't have to deride and hate your fellow countrymen to show political support for your god.

You brought in a non-existent scenario where the government rejects my advice and i go on to commit suicide, to compare me to Ahithophel, remember? As a chronic liar, i don't expect you to. The Bible says "as if a man had enquired at the oracle of God: so was all the counsel of Ahithophel both with David and with Absalom."
All the counsel of Ahithophel means 100%. i used the word like, the Bible used the word/phrase "as if". You ignored it to arrive at your self delusion as usual. A so-called Christian or student of the Bible saying, "No one doubts am instruction from the oracle of God." Would have been laughable if it weren't pathetically ignorant. Billions today doubt God's instruction and word. To be more specific, find out from Gideon or Zechariah. Absalom lost the war because he didn't follow the advice of Ahithophel but that of David's friend, who wanted to buy David more time and inform him ahead. i didn't say Ahithophel's advice were righteous or God's commands as you're trying hard to force. i said that they were 100% correct and treated LIKE divine (as if a man had enquired at the oracle of God).
Again, Nigerians are a very big part of the problem. It's only an hypocrite that doesn't see this bitter truth, we are indeed a fantastically corrupt people. You probably need to associate with people of other nationalities a bit to see how terrible our people can be. i have clearly stated that we cannot afford subsidies, i don't know the further nonsense you're trying to say upthere. It is a general known fact that even the years of subsidy wasted, Nigerians duped and cheated the system. All the CNG whatever provided, did it reduce cost of anything privately? Even people with absolutely no business with energy tripled and more the prices of goods and services and refused to bring it down. We were on this same street when government subsidized agriculture and refused to allow importation. We saw folks like you, who are into farming, telling each other to hoard produce do that they can eat bigger. Stop this poor and embarrassing attempt at self-righteousness, you are hiding behind a finger.

JuanDeDios:
A war is as sudden as it gets. But that's not the point. The point is high oil prices beyond which the economy can't cope - that's emergency I'm referring to. The war in Ukraine only raised prices for a bit before things mostly returned to normal. Again, if that doesn't happen this time and the war continues, billions will continue to roll into the excess crude account. No such billions exist? Well, oil prices have risen far beyond what's in the budget, so there's deffinitely excess funds. How much is it? That's why you should join the call for TRANSPARENCY.

About figures, I explained with them in this post - https://www.nairaland.com/8641669/what-fg-bring-down-petrol/2#138891197

This is a huge distortion of facts and oversimplification to say that the Russia / Ukraine war only raised prices for a bit before things mostly returned to normal.Current price of crude is between $90 to $105 per barrel. Before the Russia / Ukraine war, it was $70 - 75. The war triggered one of the biggest global commodity shocks in decades. Energy prices (oil, gas) and food (especially wheat) surged sharply. This significantly drove global inflation, especially in 2022–2023. With time, the supply chain adjusted, as Europe reduced reliance on Russian gas. This was of course months/years later, it's a new equilibrium as it were. Prices have stabilized, meaning they’re no longer rising wildly. But many are still higher than before the war. Energy prices in Europe remain above pre-2022 levels. The cost of living in some countries may not fully normalize for years. Something jumped from 70 to 130 in weeks and you claim only raised price for a bit? What is a bit to you? Probably because you didn't feel it well here in Nigeria due to subsidy, that's why you are saying this.
You refused to tell us how mch subsidy you are expecting and for how long. i'll still go to your link and answer you. In the meantime, tell us 1. how much is the excess funds you're talking about? 2. If a person owes 100k, and makes 15k on average in business. How much is the excess if he made 18k this month?

JuanDeDios:
No, I don't think you're speaking for the government at all. Even if you were, it's easy to tell someone who actually know what he's talking about apart from a random government praise singer.

And no, I've never been counted among the supporter of any politician. I was ambivalent about subsidies because I knew the job losses and poverty its removal would bring while recognising the waste it was and the fact we can't progress with it in place, but I argued for its managed removal.

To your points, I think you've painted the worst scenario. I strongly believe we need some subsidies in situations like the current one, but only as emergency measures to save the economy from tanking. No, I don't think they should subsidise it to N600 - that will amount to the government taking the entire burden. What they can do is to cap it and introduce a weekly pricing system - such that anytime it rises above, say, N1,170, subsidy kicks in and a fixed price is announced for the week. At the end of that week (or month, as they do in South Africa), subsidy is gone, unless a new price is announced - and that would only be done if prices are still above the cap and subsidies are still necessary. If this sounds complicated, all I'm saying is, they can set a price beyond which it can't rise for now. Paid for with some of the excess funds they're making from higher prices.

Yeah, it's fraught with problems too - but you have to weigh and balance things. They said the problem with subsidy was the corruption. That should be easier to deal with now, since they'll be dealing only with Dangote and not importers. If we were an organized country, a perfect scenario is one in which they give him crude at a fixed price - and not have to use borrowed funds. Surely, they can give Dangote crude at the budget benchmark of $68 (or whatever the price was the day the war started or they can even mark it up a bit to, as I said, share the burden) for this purpose - this way, they take nothing from the budget to fund the temporary subsidy.

How much is this excess funds? Is it only Dangote that is selling fuel? On what basis should he be subsidized and others not subsidized? Do you think fuel price is solely dependent on crude price?

Image123:
How much is this excess funds? Is it only Dangote that is selling fuel? On what basis should he be subsidized and others not subsidized? Do you think fuel price is solely dependent on crude price?

How many indigenous refiners/suppliers of PMS do you know currently? Name them. Since we're asking primary 5 questions now.

Image123:
This is a huge distortion of facts and oversimplification to say that the Russia / Ukraine war only raised prices for a bit before things mostly returned to normal.Current price of crude is between $90 to $105 per barrel. Before the Russia / Ukraine war, it was $70 - 75. The war triggered one of the biggest global commodity shocks in decades. Energy prices (oil, gas) and food (especially wheat) surged sharply. This significantly drove global inflation, especially in 2022–2023. With time, the supply chain adjusted, as Europe reduced reliance on Russian gas. This was of course months/years later, it's a new equilibrium as it were. Prices have stabilized, meaning they’re no longer rising wildly. But many are still higher than before the war. Energy prices in Europe remain above pre-2022 levels. The cost of living in some countries may not fully normalize for years. Something jumped from 70 to 130 in weeks and you claim only raised price for a bit? What is a bit to you? Probably because you didn't feel it well here in Nigeria due to subsidy, that's why you are saying this.
You refused to tell us how mch subsidy you are expecting and for how long. i'll still go to your link and answer you. In the meantime, tell us 1. how much is the excess funds you're talking about? 2. If a person owes 100k, and makes 15k on average in business. How much is the excess if he made 18k this month?

Did you write the bolded part?

JuanDeDios:
Did you write the bolded part?

No, my ghost did. SMH.

JuanDeDios:
How many indigenous refiners/suppliers of PMS do you know currently? Name them. Since we're asking primary 5 questions now.

Lolz, na questions for questions.

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You brought in a non-existent scenario where the government rejects my advice and i go on to commit suicide, to compare me to Ahithophel, remember? As a chronic liar, i don't expect you to. The Bible says "as if a man had enquired at the oracle of God: so was all the counsel of Ahithophel both with David and with Absalom."
All the counsel of Ahithophel means 100%. i used the word like, the Bible used the word/phrase "as if". You ignored it to arrive at your self delusion as usual. A so-called Christian or student of the Bible saying, "No one doubts am instruction from the oracle of God." Would have been laughable if it weren't pathetically ignorant. Billions today doubt God's instruction and word. To be more specific, find out from Gideon or Zechariah. Absalom lost the war because he didn't follow the advice of Ahithophel but that of David's friend, who wanted to buy David more time and inform him ahead. i didn't say Ahithophel's advice were righteous or God's commands as you're trying hard to force. i said that they were 100% correct and treated LIKE divine (as if a man had enquired at the oracle of God).
Again, Nigerians are a very big part of the problem. It's only an hypocrite that doesn't see this bitter truth, we are indeed a fantastically corrupt people. You probably need to associate with people of other nationalities a bit to see how terrible our people can be. i have clearly stated that we cannot afford subsidies, i don't know the further nonsense you're trying to say upthere. It is a general known fact that even the years of subsidy wasted, Nigerians duped and cheated the system. All the CNG whatever provided, did it reduce cost of anything privately? Even people with absolutely no business with energy tripled and more the prices of goods and services and refused to bring it down. We were on this same street when government subsidized agriculture and refused to allow importation. We saw folks like you, who are into farming, telling each other to hoard produce do that they can eat bigger. Stop this poor and embarrassing attempt at self-righteousness, you are hiding behind a finger.

Seems you're beginning to get jaded. Where did I imply that you will commit suicide? That's simply your own imagination probably from a guilty conscience. Ahithophel's advice were known to be wicked and self-serving and ultimately failed. The suicide is not the central theme of the story.
It's also amusing that you're now denying your own words written not too long ago. Here, I've reproduced your exact words for you. Read it and see for yourself how you're confusing yourself: That's a compliment, given that Ahithophel's advice were 100% correct and like an angel talking, divine.

I think I've settled the part of claiming his advice was 100% correct. Now you've outrightly denied your own words for the second part. You never said his words were like divine. You said they were like an angel's, divine. Simple interpretation shows that you said his words were divine which the Bible never said. I see you're now comparing apples with oranges.

Of course, there are people who have doubted and disobeyed God but that is not a normal thing and that's not what that passage sort to imply. The two examples you gave was not of people who went to make an enquiry from God. It was God himself who went to meet them and they sought assurances that it was indeed God that was speaking to them. It is a far cry from one actively seeking God as that passage was contextually referring to.

I still find it funny that you think subsidy is something that must be earned by good behaviour from the citizens. I don't think I've heard anything as twisted as that! To say social rights and good governance should be given only to citizens who earn it by showing good behaviour!

In any case, your argument about not being able to afford it is well noted. I'm not going to go into it now because that's not why I called you out. I called you out for the high-handed and anti-people stance you took and sought to reinforce. I believe appeal to costliness is just an alibi you're trying to hide under. If that was your genuine reason, you won't come up with that pure water factory analogy initially. As for your rant against the farmers, you're simply confusing yourself. Was maize part of the grains that were given farming subsidies? It was rice and it was your same party that claimed to have rice pyramids thereby shutting the border and creating artificial scarcity. Again, you simply can't make up your mind if you want a capitalist system with its excesses or something else. Removal of subsidies is a capitalist tool. Profiteering is a capitalist tool as well. Why will you advocate for one and condemn the other?

With AOC government, nothing can be done,. APC government are only after money and the next election

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i can't help you, you should have listened in class.

Continue to be deceived by fairytales