The Fuel Subsidy Question - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › The Fuel Subsidy Question (2760 Views)
| The Fuel Subsidy Question by TonyeBarcanista(op): 7:45am On Aug 26 |
For almost two and half decades Nigerians have been asked to endure.Tamunotonye S S Inioribo Founder & National Chairman Citizens Democratic Alliance
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| Re: The Fuel Subsidy Question by helinues: 8:16am On Aug 26 |
Except if you are expecting the government to be dropping daily food on the masses table. Apart from money saved from fuel subsidy, the governors can testify to how rich they have been since fuel subsidy payment was stopped. How about the ongoing projects across the country, where did FG get money from? |
| Re: The Fuel Subsidy Question by helinues: 8:18am On Aug 26 |
There are some things I actually don't understand about the opposition. Are they expecting over 4 decades rots in Nigeria to be cleared within 3 years? Are they sincerely expecting that? Because we can all see what this government has been doing with the resources they have. |
| Re: The Fuel Subsidy Question by FarahAideed: 8:23am On Aug 26 |
helinues:This is how you people lied Buhari was doing projects across the country and when he left nobody can find the projects , again. You are lying Tinubu is doing project and if I ask you will show me the 30km coastal fraud he awarded his crony |
| Re: The Fuel Subsidy Question by helinues: 8:25am On Aug 26 |
FarahAideed:If you had a shame, then you won't be quoting me . You see that Coastal road you are calling a fraud, if you ply on that road, then be expecting something bad to happen. It's not a curse but karma Sebi Abuja is in Indonesia. All the renovated airports are in China The stock exchange booming didn't happen in Nigeria The Nelfund, 100‰ free vocational training with stipends was done by Buhari The ongoing projects across the country was initiated and approved by GEJ. Embrace some shame guy |
| Re: The Fuel Subsidy Question by AMINDA: 8:28am On Aug 26 |
Atiku Abubakar is unambiguous in his policy direction. He will bring back subsidy and heaven will not fall! And if it falls, it falls!
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| Re: The Fuel Subsidy Question by TonyeBarcanista(op): 8:34am On Aug 26 |
helinues:Sadly, we have enablers of the systemic rot! Now you said Governors can testify to how rich they have been since the purported subsidy on petrol was removed, you are right. They became so wealthy, just like the President. While citizens continue to lavish in penury. Is the government meant to serve the elites and politicians, or the entire population? As for the socalled project, can you provide a list of those projects (ongoing and completed) and the costs? Lets see whether it matches the N20trn FG claimed to have benefitted as their own share from the subsidy removal. |
| Re: The Fuel Subsidy Question by 1vandragon: 8:35am On Aug 26 |
The issue is not the removal of fuel subsidy per se... it is a combination of issues... I will highlight just three... First off, the reasons why fuel subsidy became supposedly unsustainable in the first place have remained... corruption, greed, incompetence, inefficient systems, multiple taxes, extortion, government manipulation/mismanagement, smuggling etc... they still exist, it is just that there is less noise about it. Those who made it seem subsidy was bad, are still the the ones running the show and making even more money. Second, floating the naira so quickly after subsidy removal and without proper planning or calculation of the possible negative consequences was disastrous. The masses were still trying to adjust to the sharp rise in pms when the naira was floated. Again, failure to address the inefficiencies in the exchange rate is a problem. The game has changed, but the players remain the same. Third, there is a gap between policy implementation and expected outcomes for the masses. The mistake bat keeps making is that he thinks removal of pms subsidy is an end in itself... it is not. It is simply a means to an end, and if the end result is not being achieved after 3 long years, then maybe the process needs to be reviewed. Policies must take cognisance of the peculiarities of the socio-economic conditions of the country. You cannot expect Nigerians to pay international rates for pms when the government itself does not pay its workers commensurate international wages. There must be a balance... and if the government feels so strongly that the citizens must endure hardship today for a better tomorrow, then the political office holders must carry a huge portion of that suffering and inconvenience. Cut political office holders transportation and feeding cost by at least 85% to start with. Convoys? Not more than 3 cars for governors. Ministers and others just 1 car. President? Reduce the convoy by 60%. Son and wife of the president? A two car convoy... When the political office holders feel the pinch of the reforms, that is when citizens can bare with them. My 2 cents... |
| Re: The Fuel Subsidy Question by helinues: 8:37am On Aug 26 |
TonyeBarcanista:Have you questioned the rich governors who are more closer to us before questioning the FG The penury the citizens have been going through, who should have been more responsible between the FG, the governors and the lawmakers? |
| Re: The Fuel Subsidy Question by BlessedGift: 8:37am On Aug 26 |
Tinubu Knocks Atiku Over Plan to Restore Petrol Subsidy https://www.youtube.com/watch?v=bMDY0LXXosI quote author=TonyeBarcanista post=140448224] Tamunotonye S S Inioribo Founder & National Chairman Citizens Democratic Alliance[/quote] |
| Re: The Fuel Subsidy Question by erico2k2(m): 8:38am On Aug 26 |
helinues:you armongst the percentage fooled by the present FG that subsidy was removed congrats |
| Re: The Fuel Subsidy Question by helinues: 8:39am On Aug 26 |
erico2k2:I knew nothing about your life's predicaments, don't put the unnecessary frustration on me. Thank you |
| Re: The Fuel Subsidy Question by grandstar(m): 8:40am On Aug 26*. Modified: 12:43pm On Aug 26 |
TonyeBarcanista:Again, this hubris anout the subsidy has resumed. This is a paid poster, obviously an Atiku loyalist. He does not even sound convincing. Looks like something he was coerced to do. |
| Re: The Fuel Subsidy Question by edogu(m): 8:41am On Aug 26 |
1.Fuel subsidy was removed, yet we are still borrowing. 2. It's true that the removal has increased the amount allocation to both states and LGAs. Unfortunately, many of them are doing nothing with the money. 3. EFCC should be restructured for effectiveness and efficiency. Their current mode of operation seems to have lost its impact. It's no longer the EFCC we knew during time of Ribadu. The current one is more interested in yahoo yahoo boys. The FG in attempt to win next election has turned a blind eye to some of the activities of the state government. My governor recently bought brand new landcruiser and distributed to party executive for what reason? Meanwhile, the schools in his local government are in ruins. |
| Re: The Fuel Subsidy Question by muykem: 8:41am On Aug 26 |
Atiku should tell us, how much are we going to be buying fuel in naira and kobo if he is serious. We don't want ambiguous promises again. If you reduced fuel price from 1100 t0 1050, you can also call it subsidy. Is he going to take us back to 200 per litter. |
| Re: The Fuel Subsidy Question by walozanga(m): 8:41am On Aug 26 |
Nothing good can come out of a criminal. This administration scammed Nigerians. If this apc online ekukes like make them hug transformer, thats the simple truth |
| Re: The Fuel Subsidy Question by mycar: 8:41am On Aug 26 |
They are still borrowing money, if you ask them , they will say to do project, so what about the subsidy money? The economy they say that is growing fast is still hasn't catch up to the state it was before they took over power. it is just like dropping from 500 level to 100level and claim to be doing well in class when your mates are already graduating. Do you know that one Zimbabwe currency is equal to N50.45? no wonder nobody is insulting zimbabwe economy again. Nigeria currency is the most useless currency in the whole world |
| Re: The Fuel Subsidy Question by Image123(m): 8:42am On Aug 26 |
Atiku, what date do you want to remove subsidy? No dey bobo your followers like small pikin. You already started excuses, wetin be "You do not remove scaffolding because the calendar says so. You remove it when the building can stand securely on its own.” Is that the kind of parables you want to be telling when you grab and snatch it? |
| Re: The Fuel Subsidy Question by erico2k2(m): 8:42am On Aug 26 |
helinues:Predicament, me wey dey live for Charlie country ,U see your life nah there are loads like you who education went fru not fru Education rather educated illiterates who are making these politicians thrive and you likes give them acolades. |
| Re: The Fuel Subsidy Question by 1bunne4lif(m): 8:43am On Aug 26 |
helinues:so it's now about how rich the governor's have been and not about the welfare of the common citizen? You're defending rubbish! |
| Re: The Fuel Subsidy Question by Gotocourt: 8:43am On Aug 26 |
1vandragon:Floating the naira so quickly after subsidy removal and without proper planning or calculation of the possible negative consequences was disastrous. Fuel should not be subsidised. Naira should be subsidised 💯. Issue of fuel smuggling will rise. |
| Re: The Fuel Subsidy Question by TonyeBarcanista(op): 8:44am On Aug 26 |
1vandragon:A solid point! The question is, how come nothing improved after subsidy was removed on Kerosene (2016) and Diesel (2003)? What happened to the money from subsidy removal they promised to use to fund critical infrastructure and boost our economy? Why do things become worse each time they remove, partially remove or implement subsidies? You see a pattern of dishonesty and fraud that needs to be unraveled. Second, floating the naira so quickly after subsidy removal and without proper planning or calculation of the possible negative consequences was disastrous. The masses were still trying to adjust to the sharp rise in pms when the naira was floated. Again, failure to address the inefficiencies in the exchange rate is a problem. The game has changed, but the players remain the same.The main takeaway is that BAT isnt different from his predecessors. Policies, to them, are to sustain wealth of their elite friends and partners. This is the reason they do not have impact on the lives of people. |
| Re: The Fuel Subsidy Question by 1Alex: 8:44am On Aug 26 |
Nigeria’s old subsidy system was deeply riddled with corruption, middlemen and importers drained public funds. But the situation has changed. With a major local refinery like Dangote, government can design a simpler, transparent system that Nigerians can actually benefit from. Government can negotiate directly on the price and quantity of petrol supplied, with clear records and accountability. Payment could even be structured partly through crude oil supplied at an agreed value. The argument was that removing subsidy would free money for roads, healthcare, education, electricity and development. Yet ordinary Nigerians are still facing crushing transport costs, expensive food and a rising cost of living. So why reject subsidy completely? The issue was never subsidy itself, it was who benefited from it. If government can subsidise industries, agriculture and other sectors, it can also support ordinary Nigerians by keeping petrol affordable, especially now that we refine petrol locally. Don’t bring back the old corrupt subsidy regime. Bring back a transparent, accountable subsidy that benefits Nigerians directly, not middlemen. |
| Re: The Fuel Subsidy Question by helinues: 8:45am On Aug 26 |
1bunne4lif:FG is you people's problem not the governors that are more close See rubbish talk with confident |
| Re: The Fuel Subsidy Question by aliscomonaj: 8:45am On Aug 26 |
Why are you talking like this? Where are the projects? What are the governors doing with money? Federal government shoud account for the moneys helinues: |
| Re: The Fuel Subsidy Question by helinues: 8:46am On Aug 26 |
aliscomonaj:Go and get recommended glasses to cure your blurry vision. Na brotherly advise oo |
| Re: The Fuel Subsidy Question by VeeVeeMyLuv(f): 8:48am On Aug 26 |
1vandragon:He removed subsidies and somehow he expected that there won't be cost pull inflation? Now nigerians have been paying the price for his miscalculation since 2015 I suspect the man is not in charge he is been controlled under duress It is only a pure Satan that will do what he did |
| Re: The Fuel Subsidy Question by TonyeBarcanista(op): 8:48am On Aug 26 |
grandstar:Unfortunately, it will continue to be a topical issue under we phase out these political actors |
| Re: The Fuel Subsidy Question by Kumen2026: 8:49am On Aug 26 |
Wether Atiku likes it or not as a Fulani man that he is. We cannot elect a Fulani man to rule Nigeria it will serve as a reward for the killings. Nigeria is not a birthright of the Fulanis. For years they have been governing this country. They brought all the problems we are facing today |
| Re: The Fuel Subsidy Question by svc1(m): 8:51am On Aug 26 |
This is the dumbest comment so far. I know more dumb comments are coming but right now, you rank top. Has there ever been any administration that has never build roads or structure since 1960? I wonder wonder why building roads are seen as the only metrics to justify government progress. We are a 3rd world country and our basic needs are still Food, Cloth and Shelter in 2026. Is that not enough metrics to judge poor governance. They claimed they removed subsidy of petrol but the still spend 10x the amount the last administration spent in 8 years for God knows what. The only people enjoying the removal of subsidy are the elite class in the society. And still the enjoy subsidy on other things like CBN loan interest rate, import rates, and so on. They only thing the poor masses are suppose to enjoy, you removed subsidy on it and you make their lives even harder than you met them. NB: Don't be offended by my comment of your dumbness, it's as a result of early morning transport hike due to agbero increasing tax on commercial transportation. helinues: |
| Re: The Fuel Subsidy Question by svc1(m): 8:54am On Aug 26 |
Has there ever been any administration that has never built roads or structure since 1960? I wonder wonder why building roads are seen as the only metrics to justify government progress. We are a 3rd world country and our basic needs are still Food, Cloth and Shelter in 2026. Is that not enough metrics to judge poor governance. They claimed they removed subsidy of petrol but the still spend 10x the amount the last administration spent in 8 years for God knows what. The only people enjoying the removal of subsidy are the elite class in the society. And still the enjoy subsidy on other things like CBN loan interest rate, import rates, and so on. They only thing the poor masses are suppose to enjoy, you removed subsidy on it and you make their lives even harder than you met them. NB: Early morning bus transportation hike due to agbero increasing tax on commercial drivers. helinues: |
| Re: The Fuel Subsidy Question by svc1(m): 8:55am On Aug 26 |
Has there ever been any administration that has never built roads or structure since 1960? I wonder wonder why building roads are seen as the only metrics to justify government progress. We are a 3rd world country and our basic needs are still Food, Cloth and Shelter in 2026. Is that not enough metrics to judge poor governance. They claimed they removed subsidy of petrol but the still spend 10x the amount the last administration spent in 8 years for God knows what. The only people enjoying the removal of subsidy are the elite class in the society. And still the enjoy subsidy on other things like CBN loan interest rate, import rates, and so on. They only thing the poor masses are suppose to enjoy, you removed subsidy on it and you make their lives even harder than you met them. NB: Early morning bus transportation hike due to agbero increasing tax on commercial drivers. TonyeBarcanista: |
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