₦airaland Forum

CorperKola:
You are slowly getting inside the problem
If the leaders dont care about the masses why should they sacrifice the only tangible benefit they can get from the govt
Govt promised cng buses themselves as a palliative, where are they now ?
And even the subsidy,why cant it be managed effectively
Whose fault is it that there is so much corruption there

Thats the job of the CSOs and other social advocacy groups, this is what sowore should be magnifying and calling attention to rather than seeking an infantile ambition to be president the just wants to be called a presidential candidate and thats all.

VdM and co should cone out and call for protest on better transportation and govt fulfilling their promise on the buses you mentioned for example,I will gladly join and support.

Reloadedisraelp:
oga u are not benefiting anything from subsidy....because fuel cheap doesn't means u are benefiting from it.... Explain to me how are u benefiting from it when subsidize?

then judge ur self on what u just said. So things are not affordable during subsidy regime than this current one?

nairalanda1:
Well bringing in a subsidy would do the opposite of what you want.

See the electricity sector. A subsidy has been maintained on the electricity sector for decades, the APC government won't remove it at all...and the result is a sector that can barely manage to produce up to a third of the electricity NIgeria needs.

A subsidy on fuel would end the ability of the sector to make a profit, and lead to its downfall. That is what happened with the NNPC refineres. They were prevented from making a profit in the name of subsidy, and as a result could not fund running, expansion and upgrade costs at all atall, and whatever money was made from periodic partial removals of subsidy was spent on government bonanza projects. Result, we lost domestic refining and ended up throwing away foreign exchange...importing fuel AND subsidizing it.

If you want a subsidy, either do as they do in saner climes and pay the tax for it, or forget about it. Nothing in this world runs witout it making enough money. People want to be paid.

What do you understand as subsidy in the first place?


😎

Stopping the corruption in the system became a serious national problem. So, let fuel subsidy remain removed. Let's continue to grow the economy and ensure security of lives and properties.

Image123:
And you forgot the most important question, when? Do you think Atiku is interested in bringing back subsidy? Is he going to form a committee that'll help bring back subsidy? How long will this committee take? How long will he take to implement the 'findings'? What can you do after you were scammed?

Be optimistic

Lithiumite:
Lets do the maths pls......this was what made nnpcl unprofitable in the first place when gov under pays for crude produced and curbing its profitability.

Which ever way he intends to do it a commensurate value will be felt in the govts pocket that will have to reflect on the pump prices per liter.......dangote who is even ready to pay in full for the crude is often having challenges getting it let alone yoi who wants to pay half.

What atiku is postulating will even breed more corruption because you can never monitor it or have access to.....we then will go back to the era of scarcity and being held hostage by the oil cabal

why do u feel it cannot be monitored ,each supplies to Dangote refineries would be monitored QED

cyberguy72:
Be optimistic

Another word for saying, "be gullible"

NIGERIAJAGAJAGA:
I keep saying this. Subsidy is the only thing masses are benefiting from government. Now since they removed it, tell me what masses are benefiting from government. They will tell u they sharing it to state government which we all know that governors will siph0n the money and enrich themselves. That's why u can see 32 governors queue at Mr president back.

they vendor rice! Malt and gala

Lithiumite:
Have you read the latest report on nigeria's daily fuel consumption.......it states we consume about 50m liters of fuel daily both locally produced and imported........do the math on how much subsidy govt would have been paying daily with the current cost at 1,350.

How much will prices come down to,will atiku bring it back to the pre tinubu rates of 250 naira a liter,that means he will be paying nothing less than 1k per liter in subsidy,kindly multiply that by 50m liters daily.......any subsidy regime that will come to the consumer higher than 500 to 600 naira makes no sense and even at that,atiku will still have to be forking out 650 naira on every liter.......do the math,where atiku wan see that kind money pay?

Instead of direct pms subsidy,why not push for policy advocacy that govt should rather make efficient and cheap transportation available.........lagos state for instance should provide more CNG mass transit busses at subsidised rates,about half the cost the masses are currently spending on transport.......also food trucks from the north can be subsidised by providing subsidised diesel or free diesel for them with tracking devices attached to monitor their movements also the multiple state levies they pay should be abolished or reduced.

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Subsidy failed for 50yrs you now want to continue again with subsidized busses and diesel

Govt should provide standard public schools that will be affordable,they can serve as alternatives to the expensive private schools all over the place,this will make households able to save money they would have spent sending their children to private schools.

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What had become of the ones oyinbo left you
And you eclectic magic to now happen where ppl are selling iron rod from gutter

Health care,child and maternal health should be made free and a health scheme that is efficient and affordable, health insurance should be more accessible and our PHCs be better improved to provide cheaper health care to the masses.

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Is anything free in life
Why do you keep deceiving yourselves

The challenge is many of this things we mentioned falls within the purview of the state govs who should be compelled by the citizens to do more

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Have citizens every enforced anything besides super eagles?

,if you are get cheap subsidised transport to work,

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You will waste it on frivolity

your kids are attending cheap public schools,your wife and child can get affordable health care and food arrives at the market cheaper...... the govt would have done a lot to ameliorate the suffering of the people amd will have a far better effect then the burdensome pms subsidy regime and can be effectively tracked and assessed.

dreamer

Do you mind the illiterate whose only assignment is to forward every rubbish from their APC WhatsApp gathering of psychopaths

Sheuns:
We don’t consume 50M liters of petrol daily.

You guys think we’ve forgotten so soon when Tinubu administration told us that our daily fuel consumption had dropped to about 12M liters daily as far back as 2024.

Where did you get 50M daily again? Who are those buying these fuel?

Businesses that used to power generators with petrol have closed since fuel prices surged, people no longer fill up their car tanks and no one fills up his fuel tank daily. So where is this 50N petrol usage daily coming from?

He doesn't care
He just wants his own share no matter how small unlike now he benefits nothing and the politicians are still getting the loot directly

1bunne4lif:
I disagree with you, in-that the most beneficiary of subsidy are the political elites

TheStoriesOfMan:
If this subsidy was done in stages, Nigerians won't have felt the effects too much.

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Yeah they would
Every time they're would be scarcity

Removing subsidy was the right call, but the manner in which it was done.

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There is no right way

Doing the right thing at the wrong time.

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They're was no better time
You want him to do it near election or end of his tenure?

If you want cheap fuel, learn how pyrolysis works. You can get free fuel without visiting a fueling station.

Helinuss:
The entire burden is on nigeria now. Governors and the elite are smilling to the bank. But the masses are not enjoying the dividend of the removal. Ples bring the subsidy back. Utilise it weml

are they not collecting rice and malt

WriterX:
A FACT-BY-FACT REALITY CHECK ABOUT SUBSIDY

The post by pastor kay sounds compassionate, but economically it confuses the need to protect Nigerians with the need to restore a fuel subsidy that was demonstrably expensive, opaque and poorly targeted.

1. “Nigerians need relief, therefore restore subsidy.”

Yes, Nigerians need relief. But the relevant question is which form of relief gives the greatest benefit to the greatest number of Nigerians?

The World Bank found that Nigeria's petrol subsidy was costly, regressive and opaque, with better-off households capturing a disproportionate share of the benefit. Between 2019 and 2022 alone, the subsidy cost Nigeria more than ₦8.6 trillion.

So the argument cannot simply be

“People are suffering, therefore subsidise petrol.”

It must answer

Why should scarce public money be used to subsidise a product in a way that disproportionately benefits people who consume more fuel?

2. “Cheaper petrol will make food cheaper.”

This sounds logical, but it is not that simple.

Fuel is only one component of food prices. Farmers also face fertiliser costs, labour costs, insecurity, storage losses, electricity costs, exchange-rate pressures, financing costs and poor transportation infrastructure.

The World Bank itself acknowledged that subsidy removal contributed to inflationary pressure and significantly increased gasoline prices, but it simultaneously argued that the old subsidy was fiscally unsustainable and that Nigeria needed to redirect resources toward infrastructure, social protection and productive investment.

Therefore, cheaper petrol does not automatically equal cheaper food. Not in this economy not in any economy, sir.

If it did, Nigeria would have solved its food crisis years ago simply by keeping petrol artificially cheap.

3. “Nigeria is an oil-producing country, therefore Nigerians deserve cheap fuel.”

This is emotionally compelling but economically incomplete.

Nigeria produces crude oil; it does not mean every litre of petrol can be supplied to Nigerians below its economic cost without somebody paying the difference. This one, we always get wrong when we argue why are we paying much for what we produce.

If government sells petrol below cost, the subsidy must ultimately come from somewhere and yes it is taxes, oil revenue, borrowing, reduced public spending, or monetary financing.

And Nigeria already demonstrated the danger.

The World Bank reported that Nigeria's subsidy could exceed ₦5 trillion in 2022, while warning that the subsidy primarily benefited wealthier households and crowded out spending on health, education and social protection.

So the question is not “Does Nigeria have oil?”

The question is

“Is subsidising petrol the most efficient way to transfer Nigeria's oil wealth to the poorest Nigerians?”

The overwhelming evidence says a capital NO.

4. “The subsidy enriched middlemen, so create a better subsidy.”

This is actually the strongest part of the issue —but it undermines the argument for a broad subsidy rather than strengthening it.

If the problem was corruption, opacity and rent-seeking, why recreate the same enormous financial pipeline and simply promise that this time it will be transparent?

The better solution is targeted intervention

public transport support,

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Public payroll failed and you think public transport will not also be corrupt
Look at railways airways and all govt bus companies

targeted cash transfers,

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Nigerians will misspenx and all for more

agricultural logistics, mass transit, cheaper energy for productive businesses and investment in domestic refining.

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Same noni

The World Bank explicitly recommended expanding social protection and targeted support to cushion vulnerable households rather than returning to the old subsidy structure.

5. “But subsidy removal has made Nigerians poorer.”

This criticism has genuine merit, no lies on that—but it does not prove that subsidy restoration is the answer. I don't believe because it lacks evidence.

The World Bank itself acknowledged that the reforms produced severe short-term pain. Petrol prices rose by an average of 163% following the initial reform, while inflation reached 33.7% in April 2024.

The same World Bank, however, concluded that Nigeria needed to stay the course on subsidy reform while strengthening social protection, cutting government waste and redirecting resources toward development.

In other words

The evidence supports cushioning Nigerians from the consequences of subsidy removal—not resurrecting the subsidy itself.



The Pastor Kay says Nigeria must not “enrich middlemen.”

Agreed.

But a broad fuel subsidy historically required enormous public expenditure to keep pump prices below market-linked costs.

So where is the evidence that a new subsidy mechanism will avoid the very leakage, opacity and distributional problems that made the previous system so controversial?

Who gets the subsidy?

How much does each litre receive?

Who verifies actual consumption?

How are fraudulent claims prevented?

Who audits the subsidy account?

What happens when international crude prices rise?

What happens when the naira depreciates?

What is the annual fiscal ceiling?

And most importantly

what expenditure will government sacrifice to finance it?

Those questions cannot be answered with “Nigerians are suffering.”

7. The uncomfortable numbers matter.

The World Bank estimated that Nigeria's petrol subsidy cost more than ₦8.6 trillion between 2019 and 2022 and described it as benefiting relatively better-off consumers while contributing to black-market activity and smuggling.

That money could have financed enormous amounts of infrastructure, healthcare, education and targeted poverty programmes.

This is why the argument must go beyond emotion.

Nobody should celebrate hardship.

Nobody should dismiss Nigerians who cannot afford transportation.

Nobody should pretend subsidy removal has been painless.

But badly designed relief is still bad economic policy simply because it feels compassionate.

Nigeria needs to protect poor Nigerians without recreating a fiscal black hole.

If Atiku's proposal is for a strictly temporary, transparent, capped and independently audited intervention, with measurable benefits going specifically to vulnerable households and productive sectors, then present the numbers.

Show the financing model.

Show the beneficiaries.

Show the anti-corruption mechanism.

Show the fiscal ceiling.

Show what happens when oil prices fall.

Show how the subsidy will not again become another trillion-naira rent-seeking machine.

My Take On This.

My Nigeria, My Nation

Image123:
Another word for saying, "be gullible"

OPTIMISTIC means look at the brighter side and dont be a SADIST ..u might die from depression

Basicend:
Every developing and developed country on earth subsidized one thing or the other as a mitigation or relief effort for its citizens.

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Developer countries have surplus
From productivity

Nigeria is not developed and is not productive

The so called subsidy removal proceeds they gathered, has it not been shared amongst the executives and legislature as we initially predicted? Yet the govt is still even borrowing more than all the previous administration.

China that the whole world is going to now, do you know how much their govt (CCP) pays as subsidies to it's manufacturing companies so that they can survive international price shocks.

President Tinubu tried to remove govt responsibility 4rm everything by telling us that they are broke. Hence, plunging many Nigerians into abject poverty while giving them hope. While the acquired proceeds are being stolen or shared or wasted amongst the elites.

Obasanjo that tried to save monies in Nigeria's cofers and appointed a puppet after him so as to ensure that those monies are secured. Did all those monies not disappear few years after he left office?

President Tinubu need to understand that either way, Nigeria will still borrow to survive. Hence, should have found ways to improve standard of living of Nigerians as utmost priority. Ensure quality of life first for your people.

Even Iran with several sanctions for many years and currently besieged with war has better standard of living, life expectancy and public infrastructure and purchasing power than Nigerians currently.

Argentina with multiple years of massive defaulted loans and economic pressures still have their people in better quality of life and purchasing power than Nigerians.

Take care of today. Nigerians should have no reasons to be searching for shelters and food helplessly in countries like Benin, Congo, Kenya, Cameroun etc.

Femimichael99:
The major reason of removing fuel subsidy was because of fraud (subsidy fraud) by importers and cabal, now that we have Dangote refinary that could supply the whole nation, why not pay Dangote the subsidy which could be monitored. that would have solved the problem of removing fuel subsidy in the first place. Why is government not thinking towards this if truly subsidy fraud is what make them stop the subsidy.

how will you monitor dangote when you couldn't monitor nnpc

Lithiumite:
Provide superior arguments arent consuming upto 50m liters a day,dangote alone is telling you he does 30m liters into the local market and imports make the rest......you are the one seating in your room telling us otherwise.

Likewise you ...just making wild allegations of figures you are not sure of.

[quote author=nairalanda1 post=140440798]

Well, we have a working domestic refinery sector,

What is WE ...you cant call Dangote refinery We cos its private ... the price sales is not as suitable as a state owned Refinery ... Get the clarity incase

we now produce 88% of the fuel we consume at home, we now also export refined fuels and other product oversease,

Thats is a lie as lastest report as it that fuel importation cover 55% of our daily consumption ...
did dangote not accuse govt of issuing more license nd did govt not respond they must continue to import to mitigate Monopoly
So where We ?? in all of this

we now have a lot of jobs created directly and indirectly, and we also do not waste and borrow money to fund subsides, rather we fund projects.

I am sorry, i mistake you for someone sound ... I am looking for an enlightened supporter of APC to engage .. How can you even lie, lots of jobs where ?? Are you counting city boiz nd sycophants as employment

The only problem is government does not fight corruption, spend more on effective qtransportation systems like railways, and fight insecurity, as well as

Can you imagine, where is sense in terminating " subsidy" but retaining " corruption" ... Is it not becos of corruption we throw subsidy away

promhttps://temu.com/u/SN0yTRpXQGesEOdqote policies that improve domestic productivity, and also tax more of the gdp to reduce reliance on our already huge borrowing

I cant even make sense of what is saying, you see what happen when you luv a party more than your country ... Which policy can boost productivity like Energy security Tinubu have hiked prices to the roof

do you know the implication of expensive electricity and expensive diesel/fuel on production nd transport so how is Tinubu creating enabling enviromment .. Please go to school get education

So, what's there not to like? APart from the problems which means we got to get rid of APC?

Under pdp do you know the highest production we had on fuel was 2.2m bdp afters 11yrs a govt want us to celebrate 1.5m bdp as Achievement

Under buhari Trump called Nigeria a fantastical corrupt nation and 4yrs after he came nd called Nigeria, Now a disgraced nation under Tinubu

What does that tell you if you have any iota of dignity or shame at All.

Please tell me what should i love about APC, is it the fact that i cant travel by road the way i do years back to any part of Nigeria cos i dey fear kidnap or that i walk into street at night nd everywhere is dark no light nd fuel is to costly for people to run like before

B4 barbers on generator down once it night customer dey or not ..but now is when you walk in barber fit on gen for night

Please what should i love about Tinubu govt exactly ? What as he done for Nigerians

MEGAWATCH:
What do you understand as subsidy in the first place?


😎

It's the difference between whatever the market price which is determined by the production cost and the price set by the government .

For example, in 1991, actual market cost of fuel was ₦2.50 , government set price was 75 Kobo. Subsidy paid amounted to the difference between the two which amounted to ₦1.75 ( all prices per litre).

Subsidy costs not only are supposed to cover for production costs , but for all associated costs of the refiner, the transport costs and the costs incurred by the marketer selling the stuff.

I know this is a rhetorical question and you will now tell me I am talking off topic and then bring one weird commentary, but that is what a subsidy is.

You don't have to like it.

emirate9:
You are a. liar.

You do not want to have a discussion, you want to be abusive

Enjoy your subsidy. It will damage your economy.

nairalanda1:
It's the difference between whatever the market price which is determined by the production cost and the price set by the government .

For example, in 1991, actual market cost of fuel was ₦2.50 , government set price was 75 Kobo. Subsidy paid amounted to the difference between the two which amounted to ₦1.75 ( all prices per litre).

Subsidy costs not only are supposed to cover for production costs , but for all associated costs of the refiner, the transport costs and the costs incurred by the marketer selling the stuff.

I know this is a rhetorical question and you will now tell me I am talking off topic and then bring one weird commentary, but that is what a subsidy is.

You don't have to like it.

Please shut it, SUBSIDY IS SIMPLY THE ASSISTANCE GOVERNMENT GIVES TO THEIR CITIZENS TO MAKE THEM HAVE ACCESS TO ANY GOODS AND SERVICES.

You want government to deny people this assistance because you are who?

Please stop this madness.

No matter what he thinks, a subsidy is a subsidy and it is good that it has gone

👆

Please shut it, SUBSIDY IS SIMPLY THE ASSISTANCE GOVERNMENT GIVES TO THEIR CITIZENS TO MAKE THEM HAVE ACCESS TO ANY GOODS AND SERVICES.

You want government to deny people this assistance because you are who?

Please stop this madness

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One cannot teach such fellows like megawatch. The above shows he understands nothing at all.

cyberguy72:
OPTIMISTIC means look at the brighter side and dont be a SADIST ..u might die from depression

Lolz, not referring to the vocabulary. Be optimistic about Tinubu administration. Meaning look at the brighter side and dont be a SADIST ..u might die from depression. You get?

NIGERIAJAGAJAGA:
I keep saying this. Subsidy is the only thing masses are benefiting from government. Now since they removed it, tell me what masses are benefiting from government. They will tell u they sharing it to state government which we all know that governors will siph0n the money and enrich themselves. That's why u can see 32 governors queue at Mr president back.

If the subsidy remained, the Naira would be around $1- N2,500 if not worse. The central bank was printing money to provide that subsidy.

State governments no longer borrow money to pay salaries, despite the fact that local governments now receive their allocations directly.

Image123:
Lolz, not referring to the vocabulary. Be optimistic about Tinubu administration. Meaning look at the brighter side and dont be a SADIST ..u might die from depression. You get?

NO be OPTIMISTIC about the coming of Our RESCUER.Be ATIKULATED.Tinubu has failed woefully.

Image123:
Lolz, not referring to the vocabulary. Be optimistic about Tinubu administration. Meaning look at the brighter side and dont be a SADIST ..u might die from depression. You get?

NO ....be OPTIMISTIC about the coming of Our RESCUER.Be ATIKULATED.Tinubu has failed woefully.

nairalanda1:
Well bringing in a subsidy would do the opposite of what you want.

See the electricity sector. A subsidy has been maintained on the electricity sector for decades, the APC government won't remove it at all...and the result is a sector that can barely manage to produce up to a third of the electricity NIgeria needs.

A subsidy on fuel would end the ability of the sector to make a profit, and lead to its downfall. That is what happened with the NNPC refineres. They were prevented from making a profit in the name of subsidy, and as a result could not fund running, expansion and upgrade costs at all atall, and whatever money was made from periodic partial removals of subsidy was spent on government bonanza projects. Result, we lost domestic refining and ended up throwing away foreign exchange...importing fuel AND subsidizing it.

If you want a subsidy, either do as they do in saner climes and pay the tax for it, or forget about it. Nothing in this world runs witout it making enough money. People want to be paid.

Atiku I mouthing off what they want to hear. Has he told them how to ensure accountability and transparency when he restores subsidy? Hell no.

cyberguy72:
NO be OPTIMISTIC about the coming of Our RESCUER.Be ATIKULATED.Tinubu has failed woefully.

When he provides a clear date, i will think about it. Until then, he's lying as the politician he is.

grandstar:
If the subsidy remained, the Naira would be around $1- N2,500 if not worse. The central bank was printing money to provide that subsidy.

State governments no longer borrow money to pay salaries, despite the fact that local governments now receive their allocations directly.

continue deceiving yourself. How much is naira during subsidy?

NIGERIAJAGAJAGA:
continue deceiving yourself. How much is naira during subsidy?

Buharis gocernment also heavily subsidized the exchanfe rate.

Read the attached.

achorladey:
Simple question for you

What do you think is the major incentive behind the actions of those who sabotage Nigeria's refinery?

It is the same incentive behind those embezzling money allocated to military to fight insecurity, or the same incentive as the policemen routinely on the road extorting motorist. Or Government executives borrowing trillions that get spent on unappropriated and un-tendered projects while paying non- living wages to the civil service, fuelling even more corruption and theft among the rank and file of a bloated civil service. Same incentive that drives the office of the secretary of the Government to be creating and awarding finding for institutions and bodies unknown to law. Its also the same incentive that drives a headsman to acquire Ak47 automatic weapon, kidnapp lonely farm women in their farms and demand ransome payment.

A society whose honour culture has been eroded by colonial interjections and lacks a definitive sense of ownership is a noman's land left for the picking by any and every shade of criminal, some disguised as statesmen, others as business executive and others as outright armed robbers. Greed and covetousness loves weak institutions, unaccountable laws, selective justice and ethnically prejudiced executors, electorates and judiciary. You cannot solve these by simply privatising the police, neither do you solve it by removing subsidy. Criminals simply move to new lounge spots.