₦airaland Forum

nairalanda1:
Bringing back subsidy would break the terms of the PIA and would also entail massive borrowing to fund it.

PIA wud be amended.

cyberguy72:
PIA wud be amended.

Doesn't matter, no funds to pay for susbdiy whether we like it or not.

Subsidy has to cover the costs of production and profit margins of the petroleum industry for it to work . Previous experience has shown that it cannot do that.

nairalanda1:
Doesn't matter, no funds to pay for susbdiy whether we like it or not.

Subsidy has to cover the costs of production and profit margins of the petroleum industry for it to work . Previous experience has shown that it cannot do that.

subsidy savings wud fund it..the trillions given to governors to loot wud be reversed

nairalanda1:
Been tried in the 1980 and more recently. Did not work.

TINUBU is not committed ..it wud work under ATIKU

cyberguy72:
TINUBU is not committed ..it wud work under ATIKU

It won't.

nairalanda1:
All the sane economists like Ngozi Okonjo iweala have supported subsidy removal.

Problem with subsidy is that government has to pay enough money to cover the operating costs and profit margins of the petroleum industry, which is difficult to do and would lead to borrowing and debt because these costs can pass any money government allocates for subsidy

Same Okonjo Iweala stated explicitly that economic reforms like this mean nothing if the ordinary citizens are suffering. .

Do you take her for your Oyedele abi other yeye medicores currently serving in this administration?

Quit the propaganda, this boy. Won't work on hungry people.

cyberguy72:
subsidy savings wud fund it..the trillions given to governors to loot wud be reversed

At the expense of salaries not being paid meaning states would have to borrow to pay salaries.

And many projects won't be finished neither

nairalanda1:
It won't.

Be optimistic... it would....look at the brigter side

Rayjay45:
Same Okonjo Iweala stated explicitly that economic reforms like this mean nothing if the ordinary citizens are suffering.

Did you take her for your Oyedele abi the yeye medicores currently serving in this administration?

Quit the propaganda, this boy. Won't work on hungry people.

It's.not a matter of propaganda, it's a matter of accepting the cold reality that a subsidy cannot cover the production and margin costs of the industry adequately without massive borrowing .

That is why Tinubu was wrong to pay subsidy of 20 trillion naira to NNPC. that's borrowed money spent on propping up the company .

The best Atiku can do should he win is to revive NNPC old fuel pipelines and connect Dangote refinery to it so that fuel can be pumped across the nation , reducing transport costs well well.

Also, we are getting some more refineries since the cost of domestic refining now makes sense in a subsidy absent environment. That means more jobs and more improvement in the lives of the masses.

Subsidy would just lead to.danogte refinery becoming trash and people losing jobs. And a hefty debt bill

cyberguy72:
Be optimistic... it would....look at the brigter side

Again , subsidy would have to adequately cover production costs and profit margins effectively and it would have to be adjusted as time goes on, otherwise scarcity and degradation of our refineries woild.result.

And borrowing would commence to pay for the thing. Because there is no way you can do that in the real world.

And we are not Saudi or libya

nairalanda1:
It's.not a matter of propaganda, it's a matter of accepting the cold reality that a subsidy cannot cover the production and margin costs of the industry .

The best Atiku can do should he win is to revive NNPC old fuel pipelines and connect Dangote refinery to it so that fuel can be pumped across the nation , reducing transport costs well well.

Also, we are getting some more refineries since the cost of domestic refining now makes sense in a subsidy absent environment. That means more jobs and more improvement in the lives of the masses.

Subsidy would just lead to.danogte refinery becoming trash and people losing jobs. And a hefty debt bill

No quote me again make I no swear for you.

Policy wey make it such that Minimum wage no fit buy 50 litres for the ordinary man na eim you dey here dey yarn okpata on?

Atiku will win and subsidy will be back.

You and your yeye paymasters should go and choke on that!

Rayjay45:
No quote me again make I no swear for you.

Policy wey make it so that Minimum wage no fit buy 50 litres for the ordinary man na eim you dey here dey yarn okpata on?

Atiku will win and subsidy will be back.

You and your yeye paymasters should go and choke on that!

I am happy to make you angry and Tom continue to make you angry by quoting you.

Poske95:
Wrong
#1325 here
Drop pls

In Ibadan.
Bought at Bovas this morning

NewOrlleans:
Dangote doesn't love the masses neither is he coming to save us

Dangote is a businessman......
And his goal is to make profit .

Is dangote your president?

Na DANGOTE get








NIGERIA

ppogba:
In Ibadan.
Bought at Bovas this morning

I bought 1,270 in Ado Ekiti this morning.

dododawa1:
Na DANGOTE get








NIGERIA

If you had not joined Tinubu and Buhari at ojota in 2012 by now there would have been more refineries

nairalanda1:
If you had not joined Tinubu and Buhari at ojota in 2012 by now there would have been more refineries

did you sight me there then




??

Okonsbecky:
Is he ur government? He is a business man like you and me that need maximum profit

we all keep talking about Dangote price like he unilaterally increased the price. The FG is selling raw crude to Dangote using the global price. How on earth do you expect Dangote to sell cheaper? Dangote can only sell cheaper if the govt reduces the price it sells raw crude to Dangote.

dododawa1:
did you sight me there then




??

If you were not there , you would not be criticising Dangote .

Simple and short.

A business has to.charge the price that would.enable it pay for production costs and running costs and also.staff.salaries and wages


Your abusing Dangote does not change that fact.

If the subsidy had gone in 2012 by now there would be more refineries . But from your comment you backed it's retention then and you want it back even now

Rayjay45:
Same Okonjo Iweala stated explicitly that economic reforms like this mean nothing if the ordinary citizens are suffering. .

Do you take her for your Oyedele abi other yeye medicores currently serving in this administration?

Quit the propaganda, this boy. Won't work on hungry people.

A vital part of any country's economic reform is the allowing of businesses to charge market price for their products

That is how China went from third world to first world.

Reform is not dashing people free money or having the state control prices. It's about the government making the economy productive and growing.

From your comment it seems you believe APC is doing that, since you think I am supporting them.

nairalanda1:
If you were not there , you would not be criticising Dangote .

Simple and short.

A business has to.charge the price that would.enable it pay for production costs and running costs and also.staff.salaries and wages


Your abusing Dangote does not change that fact.

If the subsidy had gone in 2012 by now there would be more refineries . But from your comment you backed it's retention then and you want it back even now

oga




Why monopoly,is it only DANGOTE at of #250m Nigerians can buid refinery and produce petroleum.

It's a business, not charity! Hold your government accountable!

blackslayer:
It's a business, not charity! Hold your government accountable!

There is no need holding this government accountable again. We will survive till January when the government will be voted out, and endure till May 29, 2027, when subsidy will return.

dododawa1:
oga




Why monopoly,is it only DANGOTE at of #250m Nigerians can buid refinery and produce petroleum.

Dangote is running a monopoly because in 2012 most of us refused to let the then goverment remove subsidy

There were over 60 people.ready to start refineries back then, even the government was planning three new greenfield refineries. Had subsidy gone, domestic refining would have made economic sense meaning banks would have been willing to lend money for refinery projects and construction .

But subsidy did not go, leaving Dangote, who had the kind of collateral that banks love, the only one able to attract funding in from of loans and grants to his refinery. None of the other licences had that kind of collateral.

See why opposing subsidy removal in 2012 was wrong. And the APC supporters who did most of the mobilzing back then now deny it.

234GT:
There is no need holding this government accountable again. We will survive till January when the government will be voted out, and endure till May 29, 2027, when subsidy will return.

Subsidy is not coming back in 2027 when APC goes

Because the new government is going to have to borrow to fund the subsidy .

Oil revenues are too low to fund the budget meaning that borrowing is what funds most of the budget. Most of those loans are given with the idea that we would not jeopardise our credit rating by returning subsidy.

Plus many states can now pay their salaries regularly without borrowing . A return on subsidy would mean they cannot pay salaries.

And then there is the resulting debt .

I hope Tinubu loses;but I don't want to see a susbsidy. Obi is promising that he would use subsidy savings for targeted spending on the vulnerable which makes sense to me and has even been advised by economists

Dangote refinery dat is suppose 2 be a blessing 2 Nigerians has become a punishment 2 every common man in Nigeria..

Emmy000seun:
But what the hell happened to naira for crude deal the government had with this wicked economist? Why is the government silent in a fragile period like this? Naija government are the weapon fashion against the masses 💔.. shame to those still supporting this evil called reform.

Naira to crude was not going to make fuel cheaper.

I was laughing at APC supporters who were saying that it would. It was the biggest self deceit I ever did see from emilokan production stables.

Saying that something costs one dollar and then saying it costs 1430 naira is basically saying the same thing in terms of value. It does not mean that now I am pricing it in naira it would become cheaper!

nairalanda1:
Cost of living and taxes in the USA are also very very high. Most of that money you are quoting would be eaten up by taxes and by student loans and other loans including mortgages.

Also rent in the USA is very exorbitant as well.

Finally, as a minimum wage earner in Nigeria , you are not likely to own a car. Minimum wage earners in the USA have to own cars which are very expensive and they spend more on fuel than the average Nigerian because on average working places are far from residential areas.

So your comparison does not hold up.

A relative of mine earns a decent salary in the USA. By the time rent, tax , loan repayment is taken out , she has less than half her salary left. She want to buy a car but she cannot buy brand new car because it would wipe her out financially . So she is eyeing second hand which is even quite expensive for her purse . And she spends a lot on fuel, probably more in a week than I spend in a month because she has to drive over one hour to her working place .

At least she can do that on one job. Many Nigerians over there have two or more jobs to do same

So, you think after deducting the taxes they don't have more than enough to spare for foods and savings. I hope you know that their net salaries for the month can feed about ten families in Nigeria.
Many of those Nigerians you quoted have huge family responsibilities to deal with both home and abroad, courtesy of the APC-administrations of HARDSHIP imposed on us right from Buhari up to Tinubu.
See enh it's easier for an average worker over there to release 500k than an average worker here in Nigeria.


Now, let's analyse the situation in Nigeria. How far do you think 70k can last in this current administration where cost of almost everything has gone up with a sharp increase? Minimum wage earners cant even afford a decent meal, three times a day for the whole month, talk more of the cost of providing other basic amenities like electricity, water, healthcare etc They literally have no money left to save. It's a situation of hand-to-mouth in Nigeria. Let me not mention the huge debt from loans that many of these workers are constantly battling with.

Pls stop allowing ursef to be deceived by our corrupt leaders. Life here in Nigeria is very hard for the majority of masses, many of whom are not even employed to receive this so-called peanut of a minimum slave-wage.

These corrupt politicians and their families are the only entities enjoying life in Nigeria at the expense of tax payers money. And until the masses rise against this corrupt leaders, the country will remain in this mess, if not even worse. Unfortunately, the corrupt leaders have started using divide and rule tactics on the masses to the extent that people like Helinus, Yarimo, etc now feel compelled to speak in favour of the government against the masses just to maintain their 30k peanuts. They hail these criminals that steal our resources and embezzle tax payers money.

One day, these evil politicians will meet their Waterloo and get their cursed kleptomaniac hands cut off our treasury. That will mark the beginning of revolution in Nigeria.

cutefy:
So, you think after deducting the taxes they don't have more than enough to spare for foods and savings. I hope you know that their net salaries for the month can feed about ten families in Nigeria.
Many of those Nigerians you quoted have huge family responsibilities to deal with both home and abroad, courtesy of the APC-administrations of HARDSHIP imposed on us right from Buhari up to Tinubu.
See enh it's easier for an average worker over there to release 500k than an average worker here in Nigeria.


Now, let's analyse the situation in Nigeria. How far do you think 70k can last in this current administration where cost of almost everything has gone up with a sharp increase? Minimum wage earners cant even afford a decent meal, three times a day for the whole month, talk more of the cost of providing other basic amenities like electricity, water, healthcare etc They literally have no money left to save. It's a situation of hand-to-mouth in Nigeria. Let me not mention the huge debt from loans that many of these workers are constantly battling with.

Pls stop allowing ursef to be deceived by our corrupt leaders. Life here in Nigeria is very hard for the majority of masses, many of whom are not even employed to receive this so-called peanut of a minimum slave-wage.

These corrupt politicians and their families are the only entities enjoying life in Nigeria at the expense of tax payers money. And until the masses rise against this corrupt leaders, the country will remain in this mess, if not even worse. Unfortunately, the corrupt leaders have started using divide and rule tactics on the masses to the extent that people like Helinus, Yarimo, etc now feel compelled to speak in favour of the government against the masses just to maintain their 30k peanuts. They hail these criminals that steal our resources and embezzle tax payers money.

One day, these evil politicians will meet their Waterloo and get their cursed kleptomaniac hands cut off our treasury. That will mark the beginning of revolution in Nigeria.

Actually after the deductions, the money can not feed up to five people in the USA easily. Result many Americans grumble about suffering

That is why you have to vote out APC and vote a government that would enable Nigeria to be like the USA. not one that dashes you free money that has to be paid for by debt.

A liter of the same product in super power Iran, sells for over 2 million, I mean 2 million rials and their govt is now begging Trump not to cause chaos in the country.

91.14%, the rest are Tinubu ass lic.kers

careers360ng:
Subsidy will be back soon.

79% of Nigerians are living in poverty.