₦airaland Forum

When Nigeria removed fuel subsidy in 2023, the decision was presented as a painful but necessary step to rescue the nation’s finances. Government officials argued that subsidy payments were draining public resources and pushing the country deeper into debt.

Today, Nigeria’s public debt has climbed to about ₦121 trillion, according to the Debt Management Office, while prices of food, transportation, and other basic needs continue to rise across the country.

Many Nigerians now find themselves asking a difficult question: If removing fuel subsidy saved money, why is life still so expensive?

Today on Nigeria Daily, we speak with ordinary Nigerians feeling the daily impact of rising costs, a public policy commentator on how subsidy savings are being managed, and an economist on whether removing fuel subsidy truly saved Nigeria’s economy or simply shifted the burden onto citizens.

Did Removing Fuel Subsidy Really Save Nigeria?
Click Here To Listen To Trust Radio Live
Audio | Podcast

Zionmdde:
According to APC syncomphants it did
Yet people are suffering more
Inflation is rising
Government is borrowing more
Power is getting more epileptic
Security at its lowest

The only thing we see on paper is 1 million km Sokoto to morrocco expressway.

WizardOfNG:
Rubbish. If I ask you, for example, what is behind the poor state of power supply lately, when such is a simple and straightforward problem that has nothing at all to do with the Tinubu Government , would you be able to identify this problem? I doubt it.

Would it surprise you to know that most reasonable, solution-seeking, mature, objective and informed Nigeria are aware of this particular problem that makes them understand the burden Tinubu is carrying and has not fled from addressing as others before him did?

Many of you are part of the problem and you will keep rewarding leaders who cannot take you forward because of 'quick fix' mentality that prevents you educating yourselves to see what is obvious.

Which, in the case of Nigeria, is that a wound that biologically takes six months to heal cannot defy how the body natural repair system works to be fully healed in 5 days.

dododawa1:
benefit only









TINUBU and HIS NATIONAL CAKE EATERS etc city boys,wike umahi adelabu and co.

CharlotteFlair:
Excuses upon excuses now that it's Emilocorn.

The only thing that can guarantee steady power supply is to kick out PDP.. Fashola 2015.

Now, you have ink in your pen to write BS!

WizardOfNG:
Lol. Anyone still quoting APC and PDP, because they don't understand the immaturity of Nigerian politics to understand it is about integrity of individuals and not political Parties, is not ready to see the all-important big picture.

CharlotteFlair:
You surely know it all. Go on repacking failure.

WizardOfNG:
Lol. That is all you have to say ba after being schooled over your own hideous ignorance?

You remind me of a favourite saying of my mother.
"Olorun ma je ki a fi owo wa shé ara wa".


Meaning may God not let us use our own hands to destroy ourselves which is what some of you ignorant guys who fail to educate yourselves, to become politically sophisticated, will end up doing.

WizardOfNG:
Rubbish. If I ask you, for example, what is behind the poor state of power supply lately, when such is a simple and straightforward problem that has nothing at all to do with the Tinubu Government , would you be able to identify this problem? I doubt it.

Would it surprise you to know that most reasonable, solution-seeking, mature, objective and informed Nigeria are aware of this particular problem that makes them understand the burden Tinubu is carrying and has not fled from addressing as others before him did?

Many of you are part of the problem and you will keep rewarding leaders who cannot take you forward because of 'quick fix' mentality that prevents you educating yourselves to see what is obvious.

Which, in the case of Nigeria, is that a wound that biologically takes six months to heal cannot defy how the body natural repair system works to be fully healed in 5 days.

CharlotteFlair:
All these jargons just to exonerate your masters failure and you are looking for who to go down with you right?

Oh yes!

You are the smartest Nigerian alive. That's why you call yourself a wizard but I think it's because you don't have a mirror in your house.

WizardOfNG:
Lol. Okay. I am wrong. You worked me out completely and I am a total disgrace. I apologize sincerely.

Happy now? That still cannot remove the veracity of the facts I stated you avoided confronting. 😎

LordBiden:
Subsidy removal the worst decision of the tinubu government,these are policies sponsored by world bank to impoverish Africa.

They said the savings from subsidy was shared to governors,but when you look at it properly you notice the savings has been eroded by high exchange rate.

There are ways government can generate funds without having to remove subsidy.

For instance the ultra wealthy can be taxed like a tax on those earning between 500k and above.

CharlotteFlair:
Your facts are that citizens complaining about poor and epileptic power supply are dumb to do so? You must be smoking shii man.

WizardOfNG:
Lai lai. Don't try to portray me a hater of ordinary Nigerians. My granddad was an illiterate farmer and we would never have beat generational poverty but for Awolowo free education my parents benefitted from.

Poor and underprivileged Nigerians getting opportunities that can elevate them out of poverty and destroy generational poverty in their lineage is therefore something I am very passionate about.

My point is that it is shameful educated folks like you, because you refuse to tame the emotional outlook and ethnocentric dislike of others you host in your hearts, cannot rise up patriotically to be an asset to your nation educating the poor, illiterate and underprivileged about the factual good the government is doing that will transform their lives in the near future plus that of their children and generations unborn.

Can you kindly talk about the trillions GEJ and Buhari racked up in debts to GENCOs and DISCOs that is directly linked to our power woes ,they avoided paying using Presidential bullying power, Tinubu has now approved 3.3 trillion Naira to settle?

If you don't wish to give your opinion about that monumental effort of PBAT then don't quote me again.

Kushites:
You are indeed a wise and honourable Nigerian.

WizardOfNG:
Of course it did and the result will be more amplified and visible over time.

It is ony emotional, unintelligent and low-thinking people who cannot realise this. If adoption of fuel subsidy did not destroy Nigeria overnight, why would any sensible person expect it's removal to turn Nigeria into Singapore and Dubai overnight?

It is like asking what good chemotherapy is doing for a cancer patient suffering the debilitation side-effects the treatment causes even as such will lead to remission that can allow the cancer victim to go on and lead a full and productive life.

Embarrassing what critics and haters of the current government of Nigeria come up with.